@Gluggo said:
Thank you back road that alot more than the bullions started but then were talking about proofs. If I remember the price of the bullions starting were about 800 to 900 right? Thursday we will know for sure at 8 am my time zone!
Yeah, as I stated previously, the bullion started out about $100-125 over spot.
That's why a $425 premium over spot for the proof is ridiculous.
But I'm still on the fence for Thursday. It may be a last minute decision like the 2015 plat proof...
Of course, if I get one, I may get it graded, which would mean I could send in those Mac Brasses...
@Gluggo said:
Thank you back road that alot more than the bullions started but then were talking about proofs. If I remember the price of the bullions starting were about 800 to 900 right? Thursday we will know for sure at 8 am my time zone!
Yeah, as I stated previously, the bullion started out about $100-125 over spot.
That's why a $425 premium over spot for the proof is ridiculous.
But I'm still on the fence for Thursday. It may be a last minute decision like the 2015 plat proof...
Of course, if I get one, I may get it graded, which would mean I could send in those Mac Brasses...
Whoops! $100-$125 was the premium over spot the Mint charged the Authorized dealers. The cost of the coin initially to the public (and the tertiary market) was someplace about $150-$200 over spot.
@Gluggo said:
Thank you back road that alot more than the bullions started but then were talking about proofs. If I remember the price of the bullions starting were about 800 to 900 right? Thursday we will know for sure at 8 am my time zone!
The bullion started at more like 1200
Normally I would agree except I have some PDF's I saved as I do this on all coins I buy for reference. I am looking at dated 9/21/2017 First Strike 2017 PCGS MS70's 25$ Palladiums for $1,181 / Check wire and CC/Pay Pal at $1,230.42 from APMEX. and
I have another PDF from MCM dated 9/21/2017 about 11 to 12 options the losest NGC MS70 Early Release @ $1,199.00 and the highest First Strike PCGS flag label at $1,209.00 and looks like they have a roll of 10 bullion for $10,890 or as low at $10,568 so thats between $1089.00 and 1056.00 so I guess your 1200 is close. But maybe that price was after the rise which was by the hour as I remember. I just wish I knew how to post PDF's here. Maybe I can vert to JPG, I will try that.
Ohhh Look at the APMEX it list the bullion by it self at $1036.19 probably pre sale.
I am going to guess the pre Sale is going to pop up any day maybe Monday?, Tuesday?, Wednesday? or Thursday? Who Knows.
The mint sold them to the APs at $1000. They were never available under "$1000" on the street.
Here is one if the list price is $1337.50 How is is that Bullion Exchange is selling theirs for $1,825.00? That is a BIG Mark up!
5 sold with limited availabilities they state.
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code. You know how sometimes when you get gas, it asks for you to enter your zip? Same principal.
@Gluggo said:
Is $1337.50 the real price that the Mint put their Palladium coin on sale for us? Do we really know this or is this just a general with-in 50 buck price? TYIA
ALSO Has MCM, APMEX or any of the other Big Boys announced the PCGS or NGC 70's Price yet on these?
$1337.50 will be the price if spot averages between $900-$950, which it pretty much has all August.
But, of course, with the coin going on sale Thrusday, spot has been in the 950-$1000 range. If the average spot doesn't fall below about $935 on Tuesday and Wednesday, we'll be looking at a price of $1387.50 on Thursday.
Correction. It might be an American holiday, but they're still trading overseas, so it might be (and probably is) the average of Monday, Tuesday and Wednesday that has to be below about $935, which without the U.S. market today might be difficult.
It's ultimately looking like the price may be $1387.50.
Of course, the Mint is free to open sales lower, if they wish. And that's wishful thinking.
(Thinking back, we got deals twice (the RP Buff and '15 Plat proof?) where the price fell the week before sales started, so I guess what goes around...)
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code...
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code. You know how sometimes when you get gas, it asks for you to enter your zip? Same principal.
Still not true. I ship to work using a credit card with my home address. Two different zips
Pardon my ignorance but with the platinum/palladium/gold orders there is an upgrade to "Expedited shipping". Is this still UPS and the only difference being 2 day instead of ground? I can't sign for a package during the day....
@BigA said:
Pardon my ignorance but with the platinum/palladium/gold orders there is an upgrade to "Expedited shipping". Is this still UPS and the only difference being 2 day instead of ground? I can't sign for a package during the day....
You can do next day air (also UPS). But any method will require signature.
You might consider changing the shipping address to someone who can sign for it.
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code...
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code. You know how sometimes when you get gas, it asks for you to enter your zip? Same principal.
Still not true. I ship to work using a credit card with my home address. Two different zips
So I have a Visa I use for the mint. I also have an American Express but with the same home address will they let me buy it twice? Not really saying I am but just wondering thats all.
Maybe we need a thread devoted to beating the HHL's! SHHHHH
I've tried many ways over the years and the only real solution has been different cc's, Mint accts, and billing/shipping addresses. If someone has a foolproof solution please either post or PM me!
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
@dmwest said:
you just need different mailing addresses, correct? they don't check the bill to address?
Unless things have changed in the last year, the Mint was rather wise to multiple emails and addresses by card acct. Shipping address had to match card address.
Correction: Shipping ZIP CODE had to match card zip code...
Wondercoin edited/deleted his post that I linked to. So I can't quote him exactly.
But the point I got was that the shipping address need not be the same as the billing address. And presumably the credit card address could likewise be different from the shipping address.
But I don't have experience. Which was why I quoted Wondercoin's now-deleted post -- it mentioned his many years of success with a different-address scenario.
My apologies to Wondercoin if I committed a breach of etiquette. And apologies to all if I confused or mislead anyone.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
You can do next day air (also USPS). But any method will require signature.
Yup...but when sent USPS I can pick it up anytime after day one without going through the missed three days and then a hold wherever. Can I choose USPS? I thought it was the Mints' choice.
You can do next day air (also USPS). But any method will require signature.
Yup...but when sent USPS I can pick it up anytime after day one without going through the missed three days and then a hold wherever. Can I choose USPS? I thought it was the Mints' choice.
Should be ups. Not sure why my phone changed it. Personally, I hate UPS. Not convenient. You can try calling customer service.
Cannot compare the 2017 BU to the 2018 Proof because the packing is different. Yield was under 70% in 2017 and demand was below the set qty set to sell this year. Margin will drop quick so I would not try to get too greedy.
I see @jwitten. I did however think it was interesting that someone was trying to entice people to get the coin from the mint and quickly sell it for $50 more so that they could presumably turn it around and make even more profit on it.
@CoinPhysicist said:
I see @jwitten. I did however think it was interesting that someone was trying to entice people to get the coin from the mint and quickly sell it for $50 more so that they could presumably turn it around and make even more profit on it.
If you look back in this thread, there are some offering more than $50.
I think they're on the BST now. But $50 seems to be a lowball offer on this coin...
A no brainer homerun for those wishing to make a quick profit, even at these lofty premiums. They're going to the moon right now on Ebay presales. In the long run, they will probably follow the path of other celebrated US Mint releases. So best to get in, get out...and then get something you really want!
But like Nathaniel Hawthorne said, "Coins are always rising and falling in America..." or something like that.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Buyers that think they'll get "just" 2, will be lucky to get 1.
People that are arranging groups and think they're going to get 10 or 20, will get 3 or 6.
eBay seller that are selling 5 because they have 5 mint accounts / small group, will not be able to fulfill their selling commitments.
There will be this initial hype (even from these levels) when people realize the quantities that they thought they're getting isn't coming.
And then finally - predictably - things will settle down and come back to earth.
I'm a strong buyer - as you can see on BST - not for the initial hype - I think buyers that don't want assured profits and willing to "gamble" can do better than what I'm offering if they can exit at the ideal time. I'm a buyer for prices that I estimate things will stabilize at.
@cruisersk1 said:
This should be the first real test in a long time of the mints ordering system. See if I can get one before the site locks up.
I don't know if I'd say that. They processed far more orders for recent sets like the reverse proof than they are going to get here.
I don't think anyone thought the reverse proofs would sell out right away so there wasn't as big of a rush right at noon to get one. With only 15000 of these and people offering up to $200 to buy one and sell it to them, I am thinking this will be a higher load on the site for those first 5-10 minutes. Maybe they have a better system in place now. We will see in about 24 hours.
Comments
Yeah, as I stated previously, the bullion started out about $100-125 over spot.
That's why a $425 premium over spot for the proof is ridiculous.
But I'm still on the fence for Thursday. It may be a last minute decision like the 2015 plat proof...
Of course, if I get one, I may get it graded, which would mean I could send in those Mac Brasses...
Backroad looks like I was off they were just over $1000.00 depending on who you ordered from. I posted some Pre Sale prices on 9-21 of 2017.
Whoops! $100-$125 was the premium over spot the Mint charged the Authorized dealers. The cost of the coin initially to the public (and the tertiary market) was someplace about $150-$200 over spot.
The mint sold them to the APs at $1000. They were never available under "$1000" on the street.
I never bought any of the Raw ones, but I did buy the graded ones and sold every last one of them. Even my beloved UGLY Green Philly labeled one.
Here is one if the list price is $1337.50 How is is that Bullion Exchange is selling theirs for $1,825.00? That is a BIG Mark up!
5 sold with limited availabilities they state.
https://www.ebay.com/itm/2018-W-1-oz-Proof-Palladium-American-Eagle-25-Coin-w-Box-COA-/153158565027?oid=123324895330
Correction: Shipping ZIP CODE had to match card zip code. You know how sometimes when you get gas, it asks for you to enter your zip? Same principal.
(Yes, I'm quoting myself...)
Correction. It might be an American holiday, but they're still trading overseas, so it might be (and probably is) the average of Monday, Tuesday and Wednesday that has to be below about $935, which without the U.S. market today might be difficult.
It's ultimately looking like the price may be $1387.50.
Of course, the Mint is free to open sales lower, if they wish. And that's wishful thinking.
(Thinking back, we got deals twice (the RP Buff and '15 Plat proof?) where the price fell the week before sales started, so I guess what goes around...)
I'm not looking to start trouble, but maybe you're mistaken: https://forums.collectors.com/discussion/comment/12081297/#Comment_12081297
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Still not true. I ship to work using a credit card with my home address. Two different zips
Maybe the credit card zip code must match the billing address?
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Pre-sales are high. Might get a few...
Pardon my ignorance but with the platinum/palladium/gold orders there is an upgrade to "Expedited shipping". Is this still UPS and the only difference being 2 day instead of ground? I can't sign for a package during the day....
Let the Mint's 'sexy' bullion games begin.
Will be watching from the sidelines.
Good luck to all forum members.
You can do next day air (also UPS). But any method will require signature.
You might consider changing the shipping address to someone who can sign for it.
I'm not sure what your point was with the link?
So I have a Visa I use for the mint. I also have an American Express but with the same home address will they let me buy it twice? Not really saying I am but just wondering thats all.
Maybe we need a thread devoted to beating the HHL's! SHHHHH
I've tried many ways over the years and the only real solution has been different cc's, Mint accts, and billing/shipping addresses. If someone has a foolproof solution please either post or PM me!
Wondercoin edited/deleted his post that I linked to. So I can't quote him exactly.
But the point I got was that the shipping address need not be the same as the billing address. And presumably the credit card address could likewise be different from the shipping address.
But I don't have experience. Which was why I quoted Wondercoin's now-deleted post -- it mentioned his many years of success with a different-address scenario.
My apologies to Wondercoin if I committed a breach of etiquette. And apologies to all if I confused or mislead anyone.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Coc.. all good. I just edited that BST post because it was meant to be a PM to that specific board member.
Wondercoin.
Well, crap. Since I'm on the fence, I've been following palladium spot...
Average for the first three days has been about $978. That means Palladium will need to fall to $904 (or less) today and tomorrow to average $949.
Palladium is in a free fall right now, but I don't think it's going to fall to the $900 level.
So it's looking very probably that this coin's going to cost $1,387.50.
Yup...but when sent USPS I can pick it up anytime after day one without going through the missed three days and then a hold wherever. Can I choose USPS? I thought it was the Mints' choice.
Give me a two day countdown. Tick, tick, tick.....
There better not be any scratches on that Palladium....
Should be ups. Not sure why my phone changed it. Personally, I hate UPS. Not convenient. You can try calling customer service.
Thanks....I will...AFTER the order is placed
Couple years back did and they changed the designation so I could forward it to a UPS store for pick up
What the heck NO Pre Orders on PCGS or NGC 70's Palladiums from MCM or APMEX? Were 48 hours away from take off!
Out of Stock! Out of Stock! Out of Stock!
https://www.apmex.com/search?q=2018 palladium
https://www.moderncoinmart.com/featured/coming-soon/
How many minutes before they are gone?
I say 12 minutes...
10
Don't quote me on that.
i don't care who you are. I love numismatic whores.
Cannot compare the 2017 BU to the 2018 Proof because the packing is different. Yield was under 70% in 2017 and demand was below the set qty set to sell this year. Margin will drop quick so I would not try to get too greedy.
Best place to buy !
Bronze Associate member
Hopefully long enough for me to get my 5...
I'm going a little longer because of the single house hold limit. 20 minutes.
Palladium actually closed $2 higher at 979/989
If they sell out in 20 minutes how are the big boys going to get theirs or do they have thousands ready to order?
The big boys have their Sixers lined up to order them for them....
Don't quote me on that.
Did you not note nurmaler abed wondercoin soliciting coins right here?
I seen that and I hope he does well. If he is listening I might be interested on a going rate of a PCGS FDOI FS Black Label 70!
This should be the first real test in a long time of the mints ordering system. See if I can get one before the site locks up.
I don't know if I'd say that. They processed far more orders for recent sets like the reverse proof than they are going to get here.
Palladium will have to close at less than $850 today to keep the average below $949, so we can probably fix the price at $1,387.50...
Has anyone seen this? https://pfsbuyersclub.com/Info/CurrentDeal
Thoughts?
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
Very very very bad offer. Pass.
I see @jwitten. I did however think it was interesting that someone was trying to entice people to get the coin from the mint and quickly sell it for $50 more so that they could presumably turn it around and make even more profit on it.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
If you look back in this thread, there are some offering more than $50.
I think they're on the BST now. But $50 seems to be a lowball offer on this coin...
I'm thinking in the 15 to 20 minute range as well.
A no brainer homerun for those wishing to make a quick profit, even at these lofty premiums. They're going to the moon right now on Ebay presales. In the long run, they will probably follow the path of other celebrated US Mint releases. So best to get in, get out...and then get something you really want!
But like Nathaniel Hawthorne said, "Coins are always rising and falling in America..." or something like that.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Here are my thoughts.
Good for you Numraler For posting a price on the BST and stating your opinion on this release.
The “PM me for price” is annoying.
I don't think anyone thought the reverse proofs would sell out right away so there wasn't as big of a rush right at noon to get one. With only 15000 of these and people offering up to $200 to buy one and sell it to them, I am thinking this will be a higher load on the site for those first 5-10 minutes. Maybe they have a better system in place now. We will see in about 24 hours.
Alarm set for 5:35 am as usual