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US Mint: what's really going on

Polkadotedge 2025-11-11 Total views: 6, Total comments: 0 us mint

The U.S. Mint: A Masterclass in Botched Launches and Penny-Pinching Farce

Alright, folks, gather 'round. Let's talk about the U.S. Mint, because honestly, it’s a never-ending carnival of absurdity, isn't it? Every time they roll out something new, it’s either a mad dash to a digital wasteland or a quiet admission that they've been losing money on pocket change for decades. This past month? Peak Mint performance, I tell ya. A real double-whammy of "you can't make this stuff up" and "who the hell is running this show?"

Another Day, Another Digital Stampede for Scarcity

Let's kick things off with the latest episode of "Who Can Click Fastest?" – the 250th Anniversary U.S. Marine Corps 2025-P Proof American Silver Eagle. Yeah, a mouthful, I know. But here's the skinny: on November 10th, the Mint dropped this bad boy. Limited mintage, 100,000 coins, $105 a pop, one per household. And guess what? Poof. Gone in 50 minutes. Not even an hour.

Now, anyone who’s been paying attention saw this coming a mile away. The Army and Navy versions? Same story. Sold out instantly, then flipped for ridiculous premiums on the secondary market. It's like the Mint's entire business model is built on manufacturing artificial scarcity and then shrugging when actual collectors get screwed. I mean, they know these things are hot commodities, right? They know their virtual waiting room system is about as reliable as a politician's promise. People were stuck in digital purgatory, watching the clock tick down, only to find it sold out. Some even got "backorder" notices, which, let's be real, is just a fancy way of saying "we oversold the pre-sale, suckers."

You gotta wonder, is the goal here to honor the Marines, or to create a feeding frenzy for flippers? Because it sure as hell ain't feeling like the former. And then you hear whispers about quality issues on other recently received silver coins – milk spots, scratches. It's like they're saying, "Here, fight each other for this thing, and by the way, it might be dinged up when it finally arrives in January." What a joke. It’s like buying a concert ticket only to find out the band’s playing karaoke in a dive bar, and your seat is behind a pillar. Do they want to alienate the very people who genuinely appreciate these things? Or are they just so disconnected they don't even care?

The Penny Drops (Literally) and Chaos Ensues

While everyone was busy trying to snag a Marine Corps coin, the quiet death of the penny was creating its own brand of chaos. In August, the U.S. Mint finally, finally, stopped making pennies. President Trump ordered it back in February, and honestly, it’s about damn time. It costs over three cents to make a one-cent coin. That's not just bad business; that's a financial black hole. It's like paying five bucks for a coffee that costs you a dollar to brew at home. Pure insanity.

US Mint: what's really going on

But here's the kicker: they stopped making 'em, and now we've got a "penny shortage." More than 60 Federal Reserve facilities aren't even circulating them anymore. Kroger, Home Depot, Kwik Shop, McDonald's – they’re all feeling the pinch. McDonald's is even rounding cash transactions to the nearest five cents. And here's where my cynical side really kicks in: "rounding up" always seems to happen more often than "rounding down," doesn't it? It’s a sneaky, back-door price hike, and don't even try to tell me it's not.

Then the banking industry, bless their hearts, steps in with a pearl of wisdom: "Hey, consumers, just bring your pennies back to the bank!" Oh, offcourse, because we've all got bags of loose change just lying around, and we're just dying to drive to the bank to deposit a few bucks in copper. It's the ultimate gaslight, telling us the problem is our fault for not being free labor for the financial system. We're supposed to believe that after decades of ignoring the obvious, they suddenly care about the circulation of a coin nobody wanted anyway. It's truly a testament to the government's ability to turn a simple, sensible decision into a convoluted mess. Are we really supposed to believe that 250 billion pennies in circulation aren't enough, or is this just another excuse for retailers to nickel and dime us?

The Future of American "Innovation" on a Dollar Coin

And just when you thought the Mint couldn't get any more... well, Mint-y, they dropped the designs for the 2026 $1 Innovation coins. Steve Jobs for California. Dr. Norman Borlaug for Iowa. The Cray-1 supercomputer for Wisconsin. Mobile refrigeration for Minnesota.

Look, I get it. Innovation. Progress. But Steve Jobs? The guy who built an empire on proprietary tech and a famously intense, some might say tyrannical, management style? And "mobile refrigeration"? That's just... thrilling, isn't it? It feels like they're trying to appeal to everyone and no one at the same time. It's a committee, ain't it? A bunch of folks in a room, trying to make everyone happy, and ending up with something that feels utterly devoid of actual spark. These coins are supposed to celebrate pioneering efforts, but honestly, some of these choices feel more like a Wikipedia entry than a national tribute. Who's really looking at these and thinking, "Wow, that represents the cutting edge of American ingenuity"? Or am I just the crazy one for thinking this whole thing is a bit... bland?

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