@jwitten said:
Ebay asking prices don't tell me much. SOLD prices tell me more. This is an interesting scenario. I'm not sure how many were sold before backorder... and it will be interesting to see how many are delivered before first strike is up. One of my 4 orders was before backorder. I've had a guaranteed offer of $150 more than issue price for that box of five. Do you take it? Wait to see if others start shipping before May? Who knows.
PCGS PR70s are selling on ebay for $600 right now...
2019 Congrats set and Innovation proof went to backorder status. Different from "Currently Unavailable"...you can place an order when it is backordered AND they wouldn't put a "ship by" date if it was sold out
Got five saucers and 10 of the Half sets...interested in that 100k total mintage of the Enhanced Reverse Proof Kennedy...don't like the clad thing but still a low risk shot
@jwitten said:
Ebay asking prices don't tell me much. SOLD prices tell me more. This is an interesting scenario. I'm not sure how many were sold before backorder... and it will be interesting to see how many are delivered before first strike is up. One of my 4 orders was before backorder. I've had a guaranteed offer of $150 more than issue price for that box of five. Do you take it? Wait to see if others start shipping before May? Who knows.
PCGS PR70s are selling on ebay for $600 right now...
One, so far. A couple NGCs as well. May be outliers.
Ordered the pucks and the special half sets today...re backordered but still available on the pucks...not believing it. IMHO...I think they wanted to avoid the outraged CW headlines, OP/ED pieces and hate mail screaming about a “9 MINUTE SELLOUT!!!”
I suspect that some of the initial backorders will be filled after duplicate and HHL violators are cleaned up...but I don’t know how only 100,000 relatively low priced issues are not already long gone...especially with a generous HHL of 5 coins in effect.
Mathematically, I’m thinking that it should have been harder to sell 70,000 expensive palladium coins with a HHL of 1 vs. these pucks where theoretically only 20,000 buyers at the limit would result in a sellout.
Just my opinion...but I suspect they’re actually gone but not listed as such to avoid the uproar.
@telephoto1 said:
Pucks are technically sold out but minorly surprised gold isn't given the mintage. Best money is quick money on the pucks while the mania persists; I predict eventually you'll be able to buy them cheap aftermarket once the fever goes away and the lemmings move on to the next hot thing.
Pucks are NOT sold out. Just not skipping till May
I know that's what it says but in my experience, "Backordered" usually means technical sell out but there's a possibility of a few available later due to expired credit card info, etc. They keep "backordered" up there to stack up enough orders to ensure a sellout.
This is not true. In the old days, they would go to wait list for the reason you state. These days they go to "currently unavailable" pending cc returns
I've seen it go both ways but no matter really. What intrigues me is that the gold, with half the mintage, isn't sold out.
Its half the mintage but more orders because of the HHL
Fair point but even with a one coin limit, you know there are undoubtedly people using multiple accounts to buy these to get first strike labels etc. There are certainly more than 50K people worldwide who are space fans that want these...
At $400+? That's actually not obvious to me
What were you expecting, a $20 over melt sale price from the mint? $418 isn't dirt cheap but it's far from onerous.
Re my theory...by accepting excess orders up front, the Mint would avoid having to sell any remaining stock in dribs and drabs over an extended period every morning, like the palladium issue.
Until I see the pucks in person, hopefully in a few days, I can't say how they will do in the PCGS70 world.
If they are all scratched, or brushed with micro scratches when viewed from an angle, any other minor flaw, they will probably end up worth less than the Mint's price in 69 or less. But if they look good, then $$$.
@telephoto1 said:
Pucks are technically sold out but minorly surprised gold isn't given the mintage. Best money is quick money on the pucks while the mania persists; I predict eventually you'll be able to buy them cheap aftermarket once the fever goes away and the lemmings move on to the next hot thing.
Pucks are NOT sold out. Just not skipping till May
I know that's what it says but in my experience, "Backordered" usually means technical sell out but there's a possibility of a few available later due to expired credit card info, etc. They keep "backordered" up there to stack up enough orders to ensure a sellout.
This is not true. In the old days, they would go to wait list for the reason you state. These days they go to "currently unavailable" pending cc returns
I've seen it go both ways but no matter really. What intrigues me is that the gold, with half the mintage, isn't sold out.
Its half the mintage but more orders because of the HHL
Fair point but even with a one coin limit, you know there are undoubtedly people using multiple accounts to buy these to get first strike labels etc. There are certainly more than 50K people worldwide who are space fans that want these...
At $400+? That's actually not obvious to me
What were you expecting, a $20 over melt sale price from the mint? $418 isn't dirt cheap but it's far from onerous.
A $400 entry price decreases the interest of casual space fans
@RichR said:
Re my theory...by accepting excess orders up front, the Mint would avoid having to sell any remaining stock in dribs and drabs over an extended period every morning, like the palladium issue.
That is a waiting list not a backorder. They are not selling excess, they are selling in advance of minting. A backorder is a backorder.
Those golds had too much mintage projected. Look at all recent modern gold commemoratives, they do not have a large collector base. Far lower sales than this expectation.
Gold has gone down about 6 years in a row and until a big rally above $1,400 or so, gold commemoratives have little interest other than one of each from hard core collectors. IMO. No high margin flips here at all except first few weeks, except maybe PR70 graded PCGS pucks.
@carew4me said:
my hunch is that they minted 25,000 pucks to sell and waited to see demand. So probably sold a total of 50,000 pucks today incl BO.
The remaining 50,000+ will be ready by mid April and you will still be able to order all the pucks you want with HHL lifted.
I'm not sure how you put numbers on any of that. Could just as easily be 10k minted and a total of 90k sold or 30 k sold or any other number
Since the Mint can only produce 13 pucks per minute...you do the math.
"The 3-inch coins are being struck at the rate of 13 coins per minute, based on three strikes per coin at a striking speed of 39 coins per minute." Or in my math,,,approx 6,000 per day. Not sure on what day they started.
@FullStrike said:
The Moon Landing took place in 1969. Wouldn't a '69 graded piece be a little more appropriate than a 70 ?
I might be able to go after a 69 with smile on my face. 😎
FS,
I am surprised others did not answer your comment first on these coin conditions and value, but yes, I agree a 69 should be worth at least a smile.
@carew4me said:
my hunch is that they minted 25,000 pucks to sell and waited to see demand. So probably sold a total of 50,000 pucks today incl BO.
The remaining 50,000+ will be ready by mid April and you will still be able to order all the pucks you want with HHL lifted.
I'm not sure how you put numbers on any of that. Could just as easily be 10k minted and a total of 90k sold or 30 k sold or any other number
Since the Mint can only produce 13 pucks per minute...you do the math.
"The 3-inch coins are being struck at the rate of 13 coins per minute, based on three strikes per coin at a striking speed of 39 coins per minute." Or in my math,,,approx 6,000 per day. Not sure on what day they started.
I got one puck for my own use, but I am glad I did not max out. I am sure some people will make a few dollars flipping, but 100,000 is a lot of pucks. The issue price alone will chase away casual purchasers who might be just as happy with the regular silver dollar or even the clad.
I had a friend all lined up to order the max but I called off the dogs as noon approached. The market for commems is still shrinking, in my opinion. The mintages keep getting smaller and smaller as interest and demand decline.
Personally, I was not totally excited about this issue since I think that most of the options will suffer the same fate as previous commems. Sure, they are unique, but so were the Baseball HOF coins...
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
@coinundrum said:
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
I got the "Order Confirmed" emails (vs. the "We Received Your Order emails) that shows 1 of each over 2 orders. My nerves won't calm down until I see 2 shipments on the way. If past is present I anticipate shipments going out later today and a lot going tomorrow.
Fun fact...today, for the first time in my life...I was on the phone having one order filled by a live person while I was simultaneously online putting in a second order. Usually the phone lines are hopelessly jammed during the first minutes. She did say it was crazy busy, however!
@RichR said:
Are the Mint production facilities shut down?!? If so, that might explain the backorder/lack of sufficient merchandise on hand and ready to ship.
Does anyone know?
Nope. The Mint was unaffected by the shutdown. Making money is of National Importance, donchaknow.
Further, the Mint Store is not funded by taxpayers, and is self sufficient, so it shouldn't have been affected by the shutdown even if the rest of the Mint was.
I got my order in at noon via phone for every coin and they arrive by the weekend. The customer service rep was very helpful. My first order didn’t go through because of system overload but when she tried again, I got a confirmation number.
@coinundrum said:
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
Just call them and see what they say.
Yep, I had been trying for some time and finally got through. The pucks in my order are backordered. He said that there are a large number of back orders. I asked him if he knew how many pucks were available for shipment and he said that he didn't have that information, but that he had serviced many more back orders that shipped orders containing the pucks.
@coinundrum said:
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
Just call them and see what they say.
Yep, I had been trying for some time and finally got through. The pucks in my order are backordered. He said that there are a large number of back orders. I asked him if he knew how many pucks were available for shipment and he said that he didn't have that information, but that he had serviced many more back orders that shipped orders containing the pucks.
You aren't charged for backordered items until they ship. You'll only be charged the $832 when the gold ships.
Just remember the silver can ship at any time, which will put that $675 on your card at any time.
Of my three pucks, one got backordered, two are still in process. (The order of two was placed three minutes before the backordered puck. 12:05 vs. 12:08...)
@coinundrum said:
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
Just call them and see what they say.
Yep, I had been trying for some time and finally got through. The pucks in my order are backordered. He said that there are a large number of back orders. I asked him if he knew how many pucks were available for shipment and he said that he didn't have that information, but that he had serviced many more back orders that shipped orders containing the pucks.
You aren't charged for backordered items until they ship. You'll only be charged the $832 when the gold ships.
Just remember the silver can ship at any time, which will put that $675 on your card at any time.
Of my three pucks, one got backordered, two are still in process. (The order of two was placed three minutes before the backordered puck. 12:05 vs. 12:08...)
Yes, it'll be interesting to see when they ship. They weren't listed as backordered when I added them to my cart. Things happened pretty quickly.
My Apollo 5 oz silver coins have shipped. There is a tracking number noted in my account and the status is marked shipped.
Order # 06314xxx. Also received email with shipping notice.
It's incredible that any of you got through to cust. svc on the phone. It still goes right to busy when you press 0 for a rep and live chat is unavailable.
@tcmitssr said:
My customer sales rep at noon told me the system was swamped heavier than it has been in years.
Yep, I was actually pretty impressed. If anyone remembers the 2014 BBHoF ordering (or the 2011 25th ASE sets, or any other popular mint product fulfilled by PBGS) this was a breeze. And there wasn't a waiting room, either.
The only slowdowns I noticed was the initial load of the ordering pages (can't be helped with the number of people beating at it), and credit card lookups. (Still, the CC lookups have much improved over the past couple years...) If people were more patient during that lookup, things may have run more smoothly than it did.
I wonder if they have the data on how many times some of the pages were reloaded from say, 11:59am to Noon...
Where I blew it and missed a really early order was in trying to wait for the prior screen to finish before checking the box and submitting the order. I didn't realize initially that all one had to do was to check the box and hit submit before the prior screen was done and the order would go through.
It will be interesting to see what happens. I got the array of silver, and the puck put me over the $300 for free upgrade (USPS Priority Mail in my case as I use a PO Box). But, the puck was shown as backordered on my order confirmation when I checked-out.
So, will I get the shipping upgrade on any either half of my order (backlogged and non-backlogged), neither one of which is over $300 on its own? We will see...
Comments
PCGS PR70s are selling on ebay for $600 right now...
Don't quote me on that.
I'm here to keep three pucks for my kids, but hoping to flip two to offset the cost a little, or at least to break even on the three $1 proofs.
Me!
I am. I only flipped once and that was on the original 3" pucks in 2011. Was it that long ago?
edit to add for clarity
I am NOT in this Apollo buy to flip
2019 Congrats set and Innovation proof went to backorder status. Different from "Currently Unavailable"...you can place an order when it is backordered AND they wouldn't put a "ship by" date if it was sold out
Got five saucers and 10 of the Half sets...interested in that 100k total mintage of the Enhanced Reverse Proof Kennedy...don't like the clad thing but still a low risk shot
One, so far. A couple NGCs as well. May be outliers.
I got the Clad Half Dollar.
Are you bullsitting?
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Lol, ......AND.......
Ordered the pucks and the special half sets today...re backordered but still available on the pucks...not believing it. IMHO...I think they wanted to avoid the outraged CW headlines, OP/ED pieces and hate mail screaming about a “9 MINUTE SELLOUT!!!”
I suspect that some of the initial backorders will be filled after duplicate and HHL violators are cleaned up...but I don’t know how only 100,000 relatively low priced issues are not already long gone...especially with a generous HHL of 5 coins in effect.
Mathematically, I’m thinking that it should have been harder to sell 70,000 expensive palladium coins with a HHL of 1 vs. these pucks where theoretically only 20,000 buyers at the limit would result in a sellout.
Just my opinion...but I suspect they’re actually gone but not listed as such to avoid the uproar.
Anyone else have thoughts on this?
No sell out
What were you expecting, a $20 over melt sale price from the mint? $418 isn't dirt cheap but it's far from onerous.
RIP Mom- 1932-2012
Re my theory...by accepting excess orders up front, the Mint would avoid having to sell any remaining stock in dribs and drabs over an extended period every morning, like the palladium issue.
Until I see the pucks in person, hopefully in a few days, I can't say how they will do in the PCGS70 world.
If they are all scratched, or brushed with micro scratches when viewed from an angle, any other minor flaw, they will probably end up worth less than the Mint's price in 69 or less. But if they look good, then $$$.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
A $400 entry price decreases the interest of casual space fans
That is a waiting list not a backorder. They are not selling excess, they are selling in advance of minting. A backorder is a backorder.
pre sale proof gold now as cheap as 510. desperate seller worried about no sell out
https://www.ebay.com/itm/2019-W-Proof-5-Gold-Coin-Apollo-11-50th-Anniversary-CONFIRMED-ORDER/173759152754?_trkparms=aid=111001&algo=REC.SEED&ao=1&asc=20160727114228&meid=5786a0c8d5324550849c3d7769181a8d&pid=100290&rk=1&rkt=4&sd=173759152754&itm=173759152754&_trksid=p2060778.c100290.m3507
Those golds had too much mintage projected. Look at all recent modern gold commemoratives, they do not have a large collector base. Far lower sales than this expectation.
Gold has gone down about 6 years in a row and until a big rally above $1,400 or so, gold commemoratives have little interest other than one of each from hard core collectors. IMO. No high margin flips here at all except first few weeks, except maybe PR70 graded PCGS pucks.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
He might as well cancel his order if he's lost faith
my hunch is that they minted 25,000 pucks to sell and waited to see demand. So probably sold a total of 50,000 pucks today incl BO.
The remaining 50,000+ will be ready by mid April and you will still be able to order all the pucks you want with HHL lifted.
Loves me some shiny!
I'm not sure how you put numbers on any of that. Could just as easily be 10k minted and a total of 90k sold or 30 k sold or any other number
The Moon Landing took place in 1969. Wouldn't a '69 graded piece be a little more appropriate than a 70 ?
I might be able to go after a 69 with smile on my face. 😎
Will be interesting to see what first day sales numbers were for each of these offerings.
I am not a flipper either and BTW thank you for tracking this since LY. It is an interesting read to see it evolve from the very beginning
Since the Mint can only produce 13 pucks per minute...you do the math.
"The 3-inch coins are being struck at the rate of 13 coins per minute, based on three strikes per coin at a striking speed of 39 coins per minute." Or in my math,,,approx 6,000 per day. Not sure on what day they started.
https://www.coinworld.com/news/us-coins/2018/12/us-mint-details-apollo-11-coin-production-challenges.all.html
FS,
I am surprised others did not answer your comment first on these coin conditions and value, but yes, I agree a 69 should be worth at least a smile.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
That's interesting information.
It's still not helpful to the OP in determining either number minted or number of orders placed.
I got one puck for my own use, but I am glad I did not max out. I am sure some people will make a few dollars flipping, but 100,000 is a lot of pucks. The issue price alone will chase away casual purchasers who might be just as happy with the regular silver dollar or even the clad.
I had a friend all lined up to order the max but I called off the dogs as noon approached. The market for commems is still shrinking, in my opinion. The mintages keep getting smaller and smaller as interest and demand decline.
Personally, I was not totally excited about this issue since I think that most of the options will suffer the same fate as previous commems. Sure, they are unique, but so were the Baseball HOF coins...
USM06321XXX with both golds and 3 pucks still showing processing. CC hit for full amount but the "order total" in my status is 832.45...the cost of the two golds. Odd? I haven't ordered direct from the mint in about 5 years...rarely a smooth experience for me for some reason.
Just call them and see what they say.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
No. I purchased one of each gold and silver to keep because I like them.
I purchased a set of 5 pucks to flip.
No getting hold of the Mint on the phone.
The live chat is unavailable. Has anyone ever seen the live chat unavailable before? Partial government shutdown or being swamped?
Either way, they blew through the allotment they had pretty fast. My guess is 30 - 50k.
I got the "Order Confirmed" emails (vs. the "We Received Your Order emails) that shows 1 of each over 2 orders. My nerves won't calm down until I see 2 shipments on the way. If past is present I anticipate shipments going out later today and a lot going tomorrow.
Are the Mint production facilities shut down?!? If so, that might explain the backorder/lack of sufficient merchandise on hand and ready to ship.
Does anyone know?
Fun fact...today, for the first time in my life...I was on the phone having one order filled by a live person while I was simultaneously online putting in a second order. Usually the phone lines are hopelessly jammed during the first minutes. She did say it was crazy busy, however!
One of my orders, a single 5oz puck, was backordered.
It wasn't marked as backordered when I ordered, or on my checkout confirmation.
The two in my original order are still in the works...
Nope. The Mint was unaffected by the shutdown. Making money is of National Importance, donchaknow.
Further, the Mint Store is not funded by taxpayers, and is self sufficient, so it shouldn't have been affected by the shutdown even if the rest of the Mint was.
optimistic isn't he....
I got my order in at noon via phone for every coin and they arrive by the weekend. The customer service rep was very helpful. My first order didn’t go through because of system overload but when she tried again, I got a confirmation number.
My customer sales rep at noon told me the system was swamped heavier than it has been in years.
Yep, I had been trying for some time and finally got through. The pucks in my order are backordered. He said that there are a large number of back orders. I asked him if he knew how many pucks were available for shipment and he said that he didn't have that information, but that he had serviced many more back orders that shipped orders containing the pucks.
You aren't charged for backordered items until they ship. You'll only be charged the $832 when the gold ships.
Just remember the silver can ship at any time, which will put that $675 on your card at any time.
Of my three pucks, one got backordered, two are still in process. (The order of two was placed three minutes before the backordered puck. 12:05 vs. 12:08...)
Yes, it'll be interesting to see when they ship. They weren't listed as backordered when I added them to my cart. Things happened pretty quickly.
My Apollo 5 oz silver coins have shipped. There is a tracking number noted in my account and the status is marked shipped.
Order # 06314xxx. Also received email with shipping notice.
It's incredible that any of you got through to cust. svc on the phone. It still goes right to busy when you press 0 for a rep and live chat is unavailable.
Yep, I was actually pretty impressed. If anyone remembers the 2014 BBHoF ordering (or the 2011 25th ASE sets, or any other popular mint product fulfilled by PBGS) this was a breeze. And there wasn't a waiting room, either.
The only slowdowns I noticed was the initial load of the ordering pages (can't be helped with the number of people beating at it), and credit card lookups. (Still, the CC lookups have much improved over the past couple years...) If people were more patient during that lookup, things may have run more smoothly than it did.
I wonder if they have the data on how many times some of the pages were reloaded from say, 11:59am to Noon...
Where I blew it and missed a really early order was in trying to wait for the prior screen to finish before checking the box and submitting the order. I didn't realize initially that all one had to do was to check the box and hit submit before the prior screen was done and the order would go through.
It will be interesting to see what happens. I got the array of silver, and the puck put me over the $300 for free upgrade (USPS Priority Mail in my case as I use a PO Box). But, the puck was shown as backordered on my order confirmation when I checked-out.
So, will I get the shipping upgrade on any either half of my order (backlogged and non-backlogged), neither one of which is over $300 on its own? We will see...
All of my orders - even those way above $300 - show ground shipping. Assuming that the upgrade was not automatic?