Once a year, I order a set of “proof” silver coins, a proof silver eagle, and a 1/10 ounce gold eagle from the US Mint. I don’t think of them as an investment so much as I think of them as pretty objects that I enjoy collecting. Maybe they’re worth marginally more now than they were when I bought them, maybe they’re not. Either way.
I appreciate the fine work the mint does. Their process for engraving and stamping coins is pretty much the pinnacle of an art form that’s been around since the beginning of recorded history and will probably be dead before the century is out. My level of appreciation, however, does not go so far as making me desirous of ordering a Chester A. Arthur Presidential $1 Coin 100-coin Bag. As impressive a specimen as I’m sure they are, I don’t have a clue what I, or anyone else, would do with a 100 count big o’ mint-y fresh Chet Arthurs… Though I have to give credit to them for smacking a label on the bag and marketing them as a collector’s items. I guess that’s what happens when you wake up one morning and realize that the money-spending public doesn’t want a dollar coin any more today than they did Susie Anthony got her mug on a dollar in 1979.
I don’t know why anyone would ever say that the government doesn’t pay attention to the will of the people? As much as I apreciate the email letting me know it’s available, I think I’ll take a pass on this once in a lifetime opportunity.