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Sit up straight or you aren't good as gold

Yesterday, the U.S. Mint raised the ceiling on the number of Ultra High Relief Saint-Gaudens $20 gold pieces that can be purchased per household from 10 to 25.

The limit had only just been raised from one coin to 10 on July 27. This first  action after six months of sales where the limit was just one coin occurred after the Mint had given every collector who wanted one the chance to buy one.

This policy assured the widest possible distribution and certainly collectors did not complain of lack of fairness in distribution.

But collectors being collectors hit upon something else to complain about: the lack of a requirement to sign for the orders that were shipped January through early March. The Mint changed delivery policy in March.

No coins were ever reported by my readers as being stolen as the result of the earlier delivery method, so the complaints to the Mint probably grated a little.

Mint staff probably felt like a teenager being told by an elderly aunt to not talk with their mouth full and to sit up straight at the table. The advice is good and correct, but not conducive to family bonding.

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2 Responses to Sit up straight or you aren't good as gold

  1. A Collector says:

    Maybe so, but leaving such valuable coins just lying around on front porches was pretty irresponsible. It COULD have led to some major headaches for both collectors and the Mint. If coins HAD been stolen, the victimized collector would have had an extremely difficult time proving that to the Mint, since the online tracking number showed the item was "delivered." However, for an item that valuable, a signature is the only true way to prove that it was "delivered."

    A signature on delivery for valuable packages is the only way to go, for the protection of everyone involved.

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