@Hemispherical said:
Got a few more; and being under $10, makes for a too easy purchase in buying too many.
I agree. But the limited number of orders yesterday given the sheer breadth of different offerings this month leads me to believe that it could be a long way to a sell out UNLESS one of the players wants to put together sets of the 3 different finishes or something like that.
Can't find too many offerings like this, would have been good if they kept it the same price as the PR.
Still debating the silver medal.
I bought one silver medal. I don't hold out much hope for it. They sold 55,000 of the 2017 medals. At 50,000 for this issue that is probably sufficient for demand. But it is big and "high relief" and given that it is 2.5 ounces, silver only has to get to $40 to break even!
I will say that if anyone can confirm 1st day sales of 40 to 50,000 units, I might buy a couple hundred more. I mean, if it sells out, I could sell them for $15 each on eBay with free shipping and still make money.
That was quick. Since these were all minted in Dec 18 it's not a minting issue. Doubtful a packaging issue, so it means it is a big dealer or two+ who had some spare change.
Adding to my OCD AM checklist.
@jmlanzaf said:
Now, I wish I had checked out the 99 that were in my cart. LOL. I couldn't decide.
Oh well, I should have a total of 36. I guess that'll have to do.
That was quick. Since these were all minted in Dec 18 it's not a minting issue. Doubtful a packaging issue, so it means it is a big dealer or two+ who had some spare change.
Adding to my OCD AM checklist.
@jmlanzaf said:
Now, I wish I had checked out the 99 that were in my cart. LOL. I couldn't decide.
Oh well, I should have a total of 36. I guess that'll have to do.
I WAS going to order some more tomorrow, too.
That was kind of my feeling on these. The regular proof sold 185,000 units slooooowly. If any retailer wanted to make sets or something, the price point was cheap enough and 75,000 wasn't a ridiculously high limit.
I should have gone with my gut and completed the 99 set purchase. Although I doubt these become really pricey, a small profit is still a profit.
That was quick. Since these were all minted in Dec 18 it's not a minting issue. Doubtful a packaging issue, so it means it is a big dealer or two+ who had some spare change.
Adding to my OCD AM checklist.
@jmlanzaf said:
Now, I wish I had checked out the 99 that were in my cart. LOL. I couldn't decide.
Oh well, I should have a total of 36. I guess that'll have to do.
I WAS going to order some more tomorrow, too.
P.S. Maybe someone will cancel their 10,000 unit order and send this the way of my Reverse Proof ASEs. LOL. Then we can buy as many as we want tomorrow.
@mas3387 said:
American Innovation 2018 $1 Reverse Proof Introductory Coin
HH limit lifted
Took full advantage & ordered another "handful" It was not a surprise to me that this set had a quick sell-out The surprise was, that it took only 1 day.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
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, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
@Akbeez said:
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
Perhaps......we shall see, no later by next Tuesday when the stats come out. I'm sure a few dribbles can be had for a while at 7AM daily. Also, if additional minting was required, the set would go on a......back order status....and not...unavailable
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Akbeez said:
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
If the product isn't ready they go to backorder, not unavailable.
Pending cancellations and returns, i'm sure they have sold close to the max.
The regular proof sold 185,000 units. At only $10 each, a major player could easily buy 10,000+
@Akbeez said:
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
The mint has of late only produced "ready to ship" examples in a quantity to fill first couple of days estimated sales. Then they go to back order. Could be packaging needed or actual additional striking needed. Does the 5 oz Apollo ring a bell? Yes, a different situation but illustrates the trend.
@Akbeez said:
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
The mint has of late only produced "ready to ship" examples in a quantity to fill first couple of days estimated sales. Then they go to back order. Could be packaging needed or actual additional striking needed. Does the 5 oz Apollo ring a bell? Yes, a different situation but illustrates the trend.
Striking was completed Dec 2018. Maybe packing but doubtful. They forgot about this product last year due to government shutdown and didn’t get to the Federal Register on time.
The reference to Dec is from a previous post somewhere around here about a FOIA that was done by a member in another forum.
Another flippers dream
A $10 product that sells out quick
No limits,
It’s easy to double your money on a $10 product but you have to sell shi$loads of them to make it worth it
@7over8 said:
Another flippers dream
A $10 product that sells out quick
No limits,
It’s easy to double your money on a $10 product but you have to sell shi$loads of them to make it worth it
A buck's a buck. If you are retailing, it takes 100x longer to sell 100 than 1. If it isn't worth it for 1, it isn't worth it for 100.
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
On BS&T Now: Nothing. Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up! Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
@Texast said:
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
That’s usually how it works. Paying others to get by around the HHL for FDOI, but when the limit is lifted... bang!
Right now there is a strong demand for these as raw OGP. Seems many people have the first intro coin and to be complete now need the second intro.
This is going to be interesting when the state PRs and RPs are released.
Received email notice that my 2d order placed on 8/15 ... is in "the mail." It appears, as mentioned before, that all 75k must have been available for shipment and most likely were minted last year.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@OPA said:
Received email notice that my 2d order placed on 8/15 ... is in "the mail." It appears, as mentioned before, that all 75k must have been available for shipment and most likely were minted last year.
.
@BackroadJunkie said:
Good on this guy. He filed a FOIA on the RP Innobuck. See the response.
@OPA said:
Received email notice that my 2d order placed on 8/15 ... is in "the mail." It appears, as mentioned before, that all 75k must have been available for shipment and most likely were minted last year.
.
@BackroadJunkie said:
Good on this guy. He filed a FOIA on the RP Innobuck. See the response.
@OPA said:
Received email notice that my 2d order placed on 8/15 ... is in "the mail." It appears, as mentioned before, that all 75k must have been available for shipment and most likely were minted last year.
.
@BackroadJunkie said:
Good on this guy. He filed a FOIA on the RP Innobuck. See the response.
@Texast said:
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
He can always sell into the secondary market and not risk his Mint standing.
@Texast said:
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
If you believe that exaggeration of facts....well, silver will shoot up to $50 by Dec 31, 2019
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Texast said:
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
If you believe that exaggeration of facts....well, silver will shoot up to $50 by Dec 31, 2019
LOL. Yeah, I'm not sure why we choose to believe some of the hype and reject others.
That said, I do wonder about the FDOI slabs on the market. With the current practice of 24 hours of HHL, it should be very difficult for a retailer to get a lot of FDOI slabs, yet they are out there in the hands of all the usual suspects. Are they really buying all those coins on the secondary market or do they get FDOI privileges as long as they order as soon as the HHL is lifted?
ATS says that as long as the coins are bought "within one day" of the release... So, does that mean if you are at the ANA and they lift the HHL at noon, that if you buy 1000 coins there and drop them off on what is technically the "second day", you get the FDOI designation?
[Personally, I would never pay a premium for FS or FDOI designation, but some people do.]
@cagcrisp said:
18GE 2018 AI $1 REV PRF COIN 71,184
Thanks for the update -- are you a Mint authorized reseller to get the numbers early?
Welcome to CU Forums!
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, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
Since they went unavailable on “opening” day +1 then the above number should be total sales for the first and second day. Very nice of someone(s) to buy them almost all up.
Since they went unavailable on “opening” day +1 then the above number should be total sales for the first and second day. Very nice of someone(s) to buy them almost all up.
Any bets on where prices land in 3 months?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Since they went unavailable on “opening” day +1 then the above number should be total sales for the first and second day. Very nice of someone(s) to buy them almost all up.
And this is how I began to phase out of collecting completely.
They had a HHL for 24 hours.
It's tricky from a " collecting" standpoint. If the Mint issues everything with unlimited mintages, people don't buy them because there is no secondary market value for them. If the Mint issues things with limited mintages, people complain they missed something and had to pay more on the secondary market.
The Mint could do us all a favor and Mint a couple million 1916-D dimes so everyone could buy one.
Comments
American Innovation 2018 $1 Reverse Proof Introductory Coin
HH limit lifted
Picked up one AND the Proof (only 6.95)
Yes, now if we only knew how many they sold yesterday. LOL
I bought 20 more today
Got a few more; and being under $10, makes for a
too easy purchase in buying too many.
I agree. But the limited number of orders yesterday given the sheer breadth of different offerings this month leads me to believe that it could be a long way to a sell out UNLESS one of the players wants to put together sets of the 3 different finishes or something like that.
"under $10"...that nickel really matters, huh?
Given that the ANA is going on, I'm surprised we didn't get any 1st day sales numbers.
Well an order of 10,000 that's $500...
Can't find too many offerings like this, would have been good if they kept it the same price as the PR.
Still debating the silver medal.
I bought one silver medal. I don't hold out much hope for it. They sold 55,000 of the 2017 medals. At 50,000 for this issue that is probably sufficient for demand. But it is big and "high relief" and given that it is 2.5 ounces, silver only has to get to $40 to break even!
I will say that if anyone can confirm 1st day sales of 40 to 50,000 units, I might buy a couple hundred more. I mean, if it sells out, I could sell them for $15 each on eBay with free shipping and still make money.
we need nurmaler for a stat
You need to tag him, maybe he'll answer. @nurmaler
UNAVAILABLE!!!!
Now, I wish I had checked out the 99 that were in my cart. LOL. I couldn't decide.
Oh well, I should have a total of 36. I guess that'll have to do.
That was quick. Since these were all minted in Dec 18 it's not a minting issue. Doubtful a packaging issue, so it means it is a big dealer or two+ who had some spare change.
Adding to my OCD AM checklist.
I WAS going to order some more tomorrow, too.
That was kind of my feeling on these. The regular proof sold 185,000 units slooooowly. If any retailer wanted to make sets or something, the price point was cheap enough and 75,000 wasn't a ridiculously high limit.
I should have gone with my gut and completed the 99 set purchase. Although I doubt these become really pricey, a small profit is still a profit.
P.S. Maybe someone will cancel their 10,000 unit order and send this the way of my Reverse Proof ASEs. LOL. Then we can buy as many as we want tomorrow.
MCM was preselling NGC 70's last night already I got email from them with link to presale
I take credit for sending it over the edge as I bought one today when I ordered my silver Medal. I would imagine a few others followed my lead.
I ordered 5 Innovation sets. if there is a chance to get more, I will load up
Only ordered 2. Seems there is more interest in this series than I would have expected.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Took full advantage & ordered another "handful" It was not a surprise to me that this set had a quick sell-out The surprise was, that it took only 1 day.
I highly doubt they are sold out. Seems lately the Mint is behind in having all their product ready to go by sale date. It's an interesting coin, but not THAT interesting.
Perhaps......we shall see, no later by next Tuesday when the stats come out. I'm sure a few dribbles can be had for a while at 7AM daily. Also, if additional minting was required, the set would go on a......back order status....and not...unavailable
If the product isn't ready they go to backorder, not unavailable.
Pending cancellations and returns, i'm sure they have sold close to the max.
The regular proof sold 185,000 units. At only $10 each, a major player could easily buy 10,000+
jmlanzaf.....I guess we were on the same wave length
....
We've seen it enough times...
The mint has of late only produced "ready to ship" examples in a quantity to fill first couple of days estimated sales. Then they go to back order. Could be packaging needed or actual additional striking needed. Does the 5 oz Apollo ring a bell? Yes, a different situation but illustrates the trend.
Striking was completed Dec 2018. Maybe packing but doubtful. They forgot about this product last year due to government shutdown and didn’t get to the Federal Register on time.
The reference to Dec is from a previous post somewhere around here about a FOIA that was done by a member in another forum.
Unavailable this AM.
Another flippers dream
A $10 product that sells out quick
No limits,
It’s easy to double your money on a $10 product but you have to sell shi$loads of them to make it worth it
A buck's a buck. If you are retailing, it takes 100x longer to sell 100 than 1. If it isn't worth it for 1, it isn't worth it for 100.
I was wondering what lies the TV coin hawker was going to say about this, priced at $59.95, more than six times his cost, he claimed to have purchased 25,000 sets, this would be the reason for the quick sell out. I guess if they don't sell on his show he will be sending them back to the mint. He also claimed to have bought over 600 at the ANA show for FDOI slabs, with the HHL set at five he must have been paying people to stand in line. Then waited a day to pick up the bulk order. What a joke...
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
That’s usually how it works. Paying others to get by around the HHL for FDOI, but when the limit is lifted... bang!
Right now there is a strong demand for these as raw OGP. Seems many people have the first intro coin and to be complete now need the second intro.
This is going to be interesting when the state PRs and RPs are released.
Received email notice that my 2d order placed on 8/15 ... is in "the mail." It appears, as mentioned before, that all 75k must have been available for shipment and most likely were minted last year.
.
Read the post in that link...
Interesting...they minted more than 25k over the 75k limit....
"Bottom line is that 101,289 coins were minted in Dec 2018."
They always mint overage in case of returns/replacements. We never knew how many over they minted. I wonder if that is the typical excess.
He can always sell into the secondary market and not risk his Mint standing.
If you believe that exaggeration of facts....well, silver will shoot up to $50 by Dec 31, 2019
LOL. Yeah, I'm not sure why we choose to believe some of the hype and reject others.
That said, I do wonder about the FDOI slabs on the market. With the current practice of 24 hours of HHL, it should be very difficult for a retailer to get a lot of FDOI slabs, yet they are out there in the hands of all the usual suspects. Are they really buying all those coins on the secondary market or do they get FDOI privileges as long as they order as soon as the HHL is lifted?
ATS says that as long as the coins are bought "within one day" of the release... So, does that mean if you are at the ANA and they lift the HHL at noon, that if you buy 1000 coins there and drop them off on what is technically the "second day", you get the FDOI designation?
[Personally, I would never pay a premium for FS or FDOI designation, but some people do.]
Who would’ve thunk this would clear out so quickly from the Mint and become so desirable.
Agree. We’ll see in the next few weeks just how many “collectors” of this series there are (maybe).
I do hope there is NOT a third introductory coin.
Now Introducing the 2018 Innovative Dollar Enhanced Reverse Proof in pure silver! To be released next year.
18GE 2018 AI $1 REV PRF COIN 71,184
Thanks for the update -- are you a Mint authorized reseller to get the numbers early?
Welcome to CU Forums!
The Mint posted them today on their website. Sometimes they do it on Monday
https://www.usmint.gov/about/production-sales-figures/cumulative-sales
Normally posted around Noon on Tuesdays
Since they went unavailable on “opening” day +1 then the above number should be total sales for the first and second day. Very nice of someone(s) to buy them almost all up.
Since they went unavailable on “opening” day +1 then the above number should be total sales for the first and second day. Very nice of someone(s) to buy them almost all up.
Any bets on where prices land in 3 months?
I knew it would happen.
They had a HHL for 24 hours.
It's tricky from a " collecting" standpoint. If the Mint issues everything with unlimited mintages, people don't buy them because there is no secondary market value for them. If the Mint issues things with limited mintages, people complain they missed something and had to pay more on the secondary market.
The Mint could do us all a favor and Mint a couple million 1916-D dimes so everyone could buy one.