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Any current news on MBI/Danbury Mint?

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Michael Welborn, Jr
(@mwelbornjr)
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I am still a happy/committed customer of Danbury Mint/PCS.  I keep up with any info I can find on them and there appear to have been lots of changes in the past 5 years and I am curious if anyone here has any intel.  Again, this is not a negative post as the company still offers the same level of service as we were used to back in the diecast model days.  I just hope things are still good on the horizon for the company and can only assume they are.   Here are some of the recent changes:

1) Sold 47 Richards Ave HQ Building for development and moved into one floor of a modern office tower in a corporate park.  IMO A company loses a bit of personality when it leaves its decades long HQ.

2) Somewhat related to the above, all addresses for shipments and mailings use the Torrington Fulfillment Center Address.

3) Closed the UK division just last month.  Been active since 1976.  For a while now I have noticed the great DM UK products were more and more generic off the shelf.  No more fine english china collector plates, pewter James Bond cars etc.

4) PCS Division/MBI had an operations center in Shelton CT for years.  11 forest parkway and 15 forest parkway.  At some point in time it appears 11 forest was leased out with 15 forest remaining.  I can only assume MBI Torrington came online and Forest Parkway no longer needed to be a fulfilment center for Danbury Mint.   PCS Stamps and Coins still assembled items and shipped out of 15 Forest Parkway.    NOW it appears 15 Forest was put up for lease and MBI Inc corporate site only lists the new Norwalk Office and Torrington.  So I assume all assembly and fulfillment is now in Torrington.  Perhaps customer service and other operations are in Torrington now too as the new office park in Norwalk doesnt have the room for customer service.   Over the years PCS stamps has moved away from postal covers and panel type programs that involve much more assembly...to simple coins in wood cases.  (I miss the postal covers and panels as they provided a fun reason to collect that type of program vs buying regular coins from dealers)

I just hope all is okay for the business.  There is still a lot of opportinuty for success in collectibles these days with outreach to customers via many online platforms.  Bradford Exchange has some successful licensed programs with Rudolph, Star Wars, etc etc.

Any intel from any of those with knowledge would be appreciated.  Again, not a roast of the diecast 1:24 industry at all.  I have very fond memories.  I also greatly missed the early 1990s when many of Danbury Mint's collectibles were USA made, like pewter Trains and UK made pewter airplanes etc etc.  

On a side note it appears Franklin Mint may be reviving per the website message.  Curious where that goes.


~Michael Welborn
Member D4C: 1995 - Present


   
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(@bob-jackman)
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Not to be negative but my only interest in Danbury Mint is if they decided to get back into the model car business for themselves and not as an outlet for other model car companies.



   
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Michael Welborn, Jr
(@mwelbornjr)
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@bob-jackman Understand that sentiment 100% and I too wish the same.  But before models I collected other items so like to see these pioneers of the modern collectibles industry remain.  Though I only like product exclusively designed by the companies.  I am shocked they havn't at least carried on exclusive repaints of ACME and others.


~Michael Welborn
Member D4C: 1995 - Present


   
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George Schire
(@georgeschire)
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My sentiments are the same as Mr. Jackman's.  I'd love to see Danbury Mint and Franklin Mint return to their heyday of producing 1:24 scale model cars.  Their end is sad, because at one time that model business was over 60% of their respective incomes.  In 2014 the bottom fell out for both when China could no longer be counted on to produce their models.  I've forever been frustrated that WE HERE IN AMERICA are unable to provide a quality 1:24 scale model at an affordable price!  The reasons of course are many that we can't, but I will always be of the belief that it could be done.  


George Schire
Oakdale, Minnesota


   
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(@perrone1)
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Always good to see you Michael. I'd say that you have more intel than anyone else at this time. Obviously the company has been downsizing and combining facilities to streamline their current and future endeavors.

Like you, I have bought other lines of collectibles from them; resin diorama's, for example, but my main interest, as the above fella's point out, has been the sale diecast cars as well.

But please keep us updated on anything you learn. 



   
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Geno
 Geno
(@geno)
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The diecast market coming to an end was one reason I got back into building after many years being out of it. I now have models of cars we may have never gotten. Plus I like modifying diecast to get unique models as well. I'd love to see them make a comeback,  but it's highly unlikely. I have in the meantime enjoyed picking up the Salvat branded 1/24 models. Although curbside, they are accurate and well done. Especially for the price.😊



   
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Michael Welborn, Jr
(@mwelbornjr)
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I do still struggle to understand why 1:24 diecast could not have continued at the mint's. It was a huge business with a hard core following.  Sure they lost factories, but there are others.  Lionel Nascar makes a bunch of models with Early Light Industrial.  I like some of them with all the color and logos.  It wouldn't take much to go the extra step and produce with mint like detail.  I think companies like Danbury Mint and Bradford can grow.  I do wonder what happened to the collectibles of the 1970s and 1980s.  Very fine products.  One would see a stunning set of Audubon Bird Plates from Franklin Mint produced in England by Wedgwood (very fine china.)  FM produced a stunning bird figurine in its American Factory at Rockdale (behind where the mint was located near Lenni).  This was an amazing piece sculpted by George McMonigle and designed by Ronald van Ruykevelt who was the director of porcelain then and came from England's Royal Worcester.   

Bradford has released some items that I am glad to see like scale model replicas of the Rudolph Puppets used on the original show which is very sentimental to my childhood and Christmas time.  The sales are huge on these and many of their programs.  They keep extending the continuity beyond the original planned pieces.  As far as engineered product, no one did it like Franklin and Danbury Mint.

IMG 6823

~Michael Welborn
Member D4C: 1995 - Present


   
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Geoff Jowett
(@geoff-jowett)
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Please see my Australian DDA post in the 1/24 Forum. Company appear to be thriving, maximising the toolings of all their new releases. This is my latest buy

u11


   
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(@michaeljames)
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I have noticed similar changes and it seems the company has shifted focus more toward collectibles and subscription based releases. Many collectors still appreciate their build quality and customer support. I even had a conversation about diecast models during a ride with Wood Black Car Service, and interest in Danbury Mint pieces still remains strong.



   
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Geno
 Geno
(@geno)
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@geoff-jowett Geoff that is a gorgeous ute. DDA is doing some great stuff. Also, M2 makes some really nice stuff for a decent price. But they need some new tooling. I've got enough Mustang, Camaro, Cuda, Challengers and '57 Chevys. I'd like to see some new and unique images, not the same old rehashes the Mints have already given us. Hence building my own. But not everybody has the time nor skills to build. I've contacted M2 on several occasions with suggestions, but never get a response. They used to listen and respond, but I guess they don't really care what customers are interested in......sadly.



   
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George Schire
(@georgeschire)
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I've reached the conclusion sometime back that to discuss either Danbury Mint (and Franklin Mint too) in any vain other than past tense is a waste of time.  In their heyday of pushing out beautiful 1:24 scale diecast models for us, that I was my only interest in them and that remains the situation. 

I know they sold many other collectibles, but none were ever of any interest to me.  And the other sentiment I will continue to hold is that I will never understand how we in our beloved America, the best country in the world, can not produce a 1:24 scale diecast model at an affordable price.  The fact that can't, reveals a sad story about the country we love. 

I accepted a realization years ago that these models didn't need to have all the "working" parts and accessories to make them desirable.  It would just be nice to have nice replicas of our favorite cars.  


George Schire
Oakdale, Minnesota


   
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John Kuvakas
(@jkuvakas)
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The biggest challenge for 1:24 was the relatively limited market, primarily North America and a few small pockets here and there. 1:18, 1:43, and even 1:64 have a more international appeal and are recognized/collected worldwide. It is significant that those makers who continued to develop models in those scales are thriving.  

The mints' primary appeal was to a certain demographic. As those folks began to age out, the mints had to decide whether to invest in newer tooling, make models that appealed to a younger demographic, or fold. With their most recent releases exceeding $200, rather than risk a loss at much higher prices (keep in mind they ahd to sell several thousand models to justify the cost of tooling), they simply left the market. 

The primary obstacle to producing a high-quality 1:24 model in North America is labor costs. Current minimum wages ($15-20/hr) stand at odds with what used to be called "affordable." When the mints were in their heyday, wages in China were well below the poverty level.

Automodello produces several high-quality 1:24 models without opening features, such as their '69 Kingswood Estate and their award-winning Iso-Griffo, and their prices are in line with those of similar high-end models. Nothing we buy today is priced the same as it was 15-20 years ago. The concept of what is now "affordable" has changed, particularly for those just entering the hobby. 


John Kuvakas
Warrenton, VA


   
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(@bob-jackman)
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@jkuvakas Well said John. I love the 1/24 scale models from Automodello and have them all but I can hear screams from those who would not buy a resin curbside model for $250.00 plus and on top of that, they are made in China. I miss DM and FM as much as anybody but have come to grips with the fact they won't be back in the 1/24 scale model car business and have adjusted my collecting accordingly. The models today in 1/43 and 1/64 are growing by leaps and bounds with quality and details I never thought I would see. I didn't mention 1/18 scale because I have run out of room for them and the American cars they make are primarily remakes of models I already own. My conclusion is that the market for models in general is shrinking just as it is for older 1/1 scale cars. With few exceptions, young people are just not attracted to the same things most of us are.



   
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(@michaeldetorrice)
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Two great video reviews of these astoundingly cool and detailed Automodello replicas ! They are remarkably well done in all aspects and will be the stars in anyone's collection and display.



   
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Geno
 Geno
(@geno)
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"I accepted a realization years ago that these models didn't need to have all the "working" parts and accessories to make them desirable.  It would just be nice to have nice replicas of our favorite cars."

Exactly why I started picking up the Salvat/IXO/Whitebox, etc. branded models. Curbside at a reasonable price. And not the usual subjects. Here's a few that aren't your normal subject matter.😊

17712623364498893080027452080680
17712624106458365235046422147451
17712624463465557939277277861415
17712625018993541060265740685272

 

 



   
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