New U.S. Great Buffalo Coins' Packaging a

If the U.S. Mint announced it was putting a gold bullion coin to its line of gold coins, it looked like a opportunity" for the Mint to recapture a big chunk of 24-karat gold coin market. When legislation was passed mandating that the new cash bear James Earle Fraser's types that graced the popular Buffalo/Indian Head nickels from 1913 through 1938, the new coin's future seemed even brighter.

Nevertheless, on release of the newest Buffalo gold coin, the Mint's golden opportunity has turned into a nightmare at the retail level. Having a flat finish and completely capturing the Fraser styles, the appearance makes the coins a headache, whilst the cash itself is fairly striking.

The Mint must take its share of the blame for the selection of packaging, having not regarded, the aspects of the packaging, while the majority of the blame may be put on Congress for wanting to "micro-manage" generation and distribution of the coins.

Congress mandated that the coins be individually encapsulated to safeguard them from harm, obviously to avoid problems that have risen with 1-oz Canadian Maple Leafs. More, Congress mandated that the Mint have the coins ready for distribution by the conclusion of June. To generally meet the deadline, the Mint had to choose a way of packaging that was readily available and that could accommodate expected large volume sales.

The Mint chose a semi-rigid Mylar packaging, five coins horizontally with four coins down, making twenty coins to a page. With wide space between your coins, inches are measured twelve by a "sheet Buffalos" by sixteen inches. The presentation causes many problems.

Due to the rigidity of the Mylar, a sheet can't be collapsed right into a bunch. Orders for significantly less than twenty coins need certainly to cut fully out of the sheets for the coins to be packed compactly, which can be desiredand expectedfor gold bullion coins.

Certainly, the semi-rigid presentation for the Buffalos was designed to provide durable security. However, the Mylar is indeed firm an original page of twenty Buffaloes can not be easily kept. A page of twenty could be thrown such as a magazine and then rubber-banded, but then storage could take a large amount of space. Perhaps only sixty or so Gold Buffalos could fill a small safe deposit box, simply because they come in small tubes although the littlest of safe deposit boxes can hold hundreds of 1-oz Gold Eagles.

When handled still another issue that's surfaced: The coins quickly emerge of their protective blankets. This implies the coins then have to be utilized in a tube or to specific plastic sleeves, which are utilized so often for single money acquisitions. Or, the Mylar can be mended with Scotch tape, hardly a nice-looking option.

Because of the issues that have developed with the packaging, Buffalos will not appeal to many large gold consumers but to coins may be wanted only a few by collectors, who. Investors who purchased Buffalos without familiarity with the packaging have already been disappointed. With today's packaging, it is unlikely the Mint may get much of the.9999 great bullion money market.

As the Mint may point to early effective sales, strong early sales is nearly always enjoyed by new coins. And, with the most popular Buffalo/Indian Head design, certainly Buffalos can remain favorites of people and collectors looking for gifts. But, the Buffalos were presented to go after the.9999 fine gold bullion coin market, where investors make repeated instructions. So, the test for the Buffalos will come in the weeks ahead when we learn if investors make second and third orders for Buffalos.

It's the opinion with this 32-year veteran of the gold bullion coin market that when the U.S. Mint doesn't make changes in Buffalo packaging, income will erode over time, and the Mint will miss a wonderful opportunity to get a big bit of the pure gold coin industry, that is now dominated by the Royal Canadian Mint's Gold Maple Leafs.

The alternative to the problem is for the Mint to change the appearance when possible, bearing in mind how big people will likely keep the coinsin safe deposit boxes. For people who don't keep in safe deposit boxes, compactness becomes even more important, as the coins must be an easy task to cover. The Mint seems to have entirely overlooked this aspect of the marketplace.

In addition, the Mint needs to keep in mind that the coins have to be managed by the coins are shipped by bullion coin dealers who to the final buyers. Twenty-coin or larger orders are caused by the present packaging to be transported in large boxes, contributing to shipping charges. More trips may be also required by the large boxes to the Post Office. In addition, it raises the cost of handling for orders significantly less than twenty coins, because they need to be cut fully out of the sheets. sun city jewelers website

The Mint is going with hard plastic tablets such as those used by The Perth Mint, because Congress required that the coins be independently encapsulated. Then your capsulated coins should be put ten to a tube, giving compactness for ease of storage. That will also facilitate handling by coin dealers.

the.9999 bullion coin marketthe Mint should encapsulate the coins independently and put them in tubes of ten to improve the problemand really go. Then twenty tubes ought to be place in small, sealed, and sturdy containers. And, eventually, five small boxes of 100 coins must certanly be place in a larger box of 500, that is how a Mint vessels its best-selling Gold Eagles. Boxes of 500 are well-liked by large investors, and the boxes of 100 could be appealing to medium-size investors.

Appearance the new Buffalos this way would facilitate storage and handling both for retail dealers and for buyers. The Mint needs to think retail with its presentation, to take into account how investors shop, and to think about the bullion dealers who handle the brand new Gold Buffalos in giving them to genuine bullion coin investors.