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The E-Sylum: Volume 19, Number 18, May 1, 2016, Article 16

HARVEY STACK ON STATE QUARTER COIN PROMOTIONS

Harvey Stack was an early proponent for creating the State Quarter series of circulating commemoratives. The program was wildly successful, putting a large number of new coin designs into general circulation, creating a new awareness of coins among the general public, and creating a lot of new collectors. But the coins also created new opportunities for mass marketers. Harvey noticed this offering from the Danbury Mint. -Editor

The State Quarters Treasure Chest
RESERVE NOW before the limited supply is gone forever!

The Danbury Mint State Quarters Treasure Chest Minting has officially ended on the U.S. State Quarters and this closes one of the most thrilling issues in the history of U.S. coinage. However, you can still build a breathtaking heirloom-quality collection of these historic coins through the Danbury Mint!

While our limited reserves last, you may acquire exclusive collector rolls featuring 12 of each individual quarter design...all in pristine, never-circulated condition in a protective vault tube and sealed to preserve their condition for generations to come. And, with each collector roll, you'll receive a FREE bonus coin...a 13th quarter for the state, protectively encapsulated so you can closely inspect and showcase it.

$19.95 per roll +$4.95 Shipping & Service each 1 Payment of $24.90 for your first roll

Harvey writes:

Don't you feel that this is the great bargain of the century and a super investment for you and your family ???

Short rolls of Statehood Quarters at extremely "Low Prices", so low that I am willing to save you a place on line so you will be sure to scoop up a bargain !!??

Look at that for an investment in the future. It is bad enough that the Mint ads are $17.50 for a FULL ROLL OF 40, WHEN YOU CAN GET 13 FOR $29,95. , WHEN THEY REALLY SHOULD BE AVAILABLE AT YOUR BANK FOR $10,00 FOR A ROLL OF 40.

I am so ashamed that I thought of this idea of trying to make more collectors, by having something of interest at face value to collect and here are a bunch of guys trying to tell you and me what a bargain they have.

Of course there's the wooden case, if it will be strong enough to carry 50 rolls (probably on their rolls of 13 not 40 as we can get from a bank)

Will the wonders of Numismatic Promotions never cease ???

See, my simple numismatic mind has created a world class monster !!!!! Can you help me with my dilemma?

"Short roll"? So you're shorting me on this transaction and I'm supposed to think that's a good thing? I'm with Harvey - it's amazing what kinds of products and packaging the private sector can dream up. It's hard enough to keep up with the marketing schemes the U.S. Mint comes up with on their own.

CoinWeek and other publications have spoken out for more consumer protections for buyers being lured into purchasing overpriced offerings only to have their hopes of profiting dashed when they try to sell their treasures.

I agree that it's good to raise awareness of these problems and perhaps some additional consumer regulations may be in order. But note that the seller is not making any reference to investment, only offering a "breathtaking heirloom-quality collection" Earlier regulations and lawsuits have pushed those claims aside.

But purchasers will still have a problem when they or their heirs attempt to sell their "breathtaking heirloom-quality collection".

That said, I would caution against throwing the baby out with the bathwater. These circulating commemorative programs are still a wonderful thing for the hobby and the general public. If marketers weren't touting these in the aftermarket, they'd be dreaming up something else. Harvey should remain proud of his accomplishment. His testimony in Congress led to the creation of a great program, and aggressive post-Mint marketing can't taint that.

Later in this issue is a story about collectors in Malaysia snapping up commemoratives for their collections. -Editor

To read the complete product offers, see:
(http://www.danburymint.com/prod/2C3/Land-of-the-Free-State-Quarters_9447-0184)
The State Quarters Treasure Chest (http://www.danburymint.com/prod/E02/The-State-Quarters-Treasure-Chest_8977-0085)

Hedley Betts ad01


Wayne Homren, Editor

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