Don't forget ... they use the weekly average to set pricing. In this case it will be from tomorrows close to September 11th close. By this coming Monday we should be able to estimate the average and be a little closer. Baring any big uptick on Sept. 9 & 10.
As long as they don't sell less than 15,000 do they care?
They might not care, but if it was left at 15,000-20,000 more people would be interested in buying right away and that increases flip demand. Now some are just waiting to get them later.
Does anyone know the reason for the one week delay?
As long as they don't sell less than 15,000 do they care?
They might not care, but if it was left at 15,000-20,000 more people would be interested in buying right away and that increases flip demand. Now some are just waiting to get them later.
Does anyone know the reason for the one week delay?
I agree with most of this. The idea of urgency fuels sales. But they have to balance that against whatever cost/profitability they can achieve. If they are more profitable selling 18,000 over 2 years than 15,000 over 2 days, they might as well take the long road.
@Goldminers said:
Can they sell 2019's in 2020? There are only 3-1/2 months left in the year.
For "coins", they have to mint them in the year on the coin. They can sell them till the cows come home. Go on the site and see how many 2017 sets are still available. And look at the Innovation buck reverse proof, they minted them last December but didn't even start to sell them until August 2019 - they are dated 2018.
The only reason they might cut sales of these short is because I don't think they will mint them all at once. Based on what we learned above about their leasing of the bullion, I suspect they won't mint all 30,000 and sell them till sell-out. As a result, it will depend on how many they ultimately decide to Mint. I'm guessing they would do 10-15k before release and then sort of judge based on any backorder that develops.
@Goldminers said:
Can they sell 2019's in 2020? There are only 3-1/2 months left in the year.
There is nothing in the law to prevent sales in later years. There IS something in law that requires Commemoratives to stop at year end...
These things are impossible to categorize. LOL.
They don't circulate but have a denomination: NCLT? Coin?
They are PM but special finish: bullion? Specimen?
They are part of a series commemorating Liberty: Commemorative?
Can't we put them in just about any category we want?
They don't circulate but have a denomination: NCLT? Coin?
They are PM but special finish: bullion? Specimen?
They are part of a series commemorating Liberty: Commemorative?
Can't we put them in just about any category we want?
They should put them in the 2019 proof sets!
Now that would make for an interesting discussion. A proof set with a very expensive PM coin included.
First ounce of Palladium I ever bought was a real cool Panda in a wooden box for $150 spot was $125. Now I'm seeing presales over $3k for one stupid ounce. You won't see any offers to buy. Anyone wanting more than one will wait for day two.
@cagcrisp said:
The LBMA AM fix and the PM fix have happened for Wednesday.
Current pricing of the 2019 Reverse Proof Palladium would put it at $1.937.50
Palladium is still trending back up $17 so far today at $1,565. No way to know where this will really be until next Wednesday, but really is another $50-100 extra going to really matter? It is already expensive enough to hold back a lot of buyers.
This series has helped me ease away from my tendency to jump on a new bullion issue, and maybe to buy extras. With all the premiums, markups and grading costs, I just can't get as excited about spending the money as I used to.
Decent design though.
Q: Are You Printing Money? Bernanke: Not Literally
I was just kidding just a hard working stiff 50 hours a week in a Refinery. Making Jet Fuel and Diesel for America. Black Gold !
I will probably stay away from them this year since there is going to be 30,000 of them.
I was just kidding just a hard working stiff 50 hours a week in a Refinery. Making Jet Fuel and Diesel for America. Black Gold !
I will probably stay away from them this year since there is going to be 30,000 of them.
I was kidding, too
I will order one early to see how it looks, and then decide what to do next based on that.
I too am one of those borderline mint slaves. Love the 2018 but need a price of about 1550 to get one of the 2019s and am extra put off by the 30,000 montage authorized.
Love that Milled British (1830-1960) Well, just Love coins, period.
If the Mint lists a low mintage, the issue sells out in a few minutes. Loud whining and crying begins immediately.
If the Mint has a monster mintage going, a subdued whining and crying starts very quickly. If there are few orders, then another round of w & c begins based on final mintages.
In the end, regardless of mintages, customers have hit the exits. Never looking back.
Bitcoin and BYND seem to have picked up a large crowd of followers. Former US Mint groupies?
I would be purchasing one of these because I wanted it. I could give two craps about the high or low mintage.
I tend to hold nearly everything I buy from the Mint if it is for collecting. If I want to sell something, it will typically be bullion.
I will wait this out to see what happens with spot price and buy one later, graded by PCGS as a 70. If I pay more because spot price goes up, so be it.
I see Bullion Exchanges Is starting their PCGS 70s on a pre-sale at $2950!
$1000 markup.
You may have to pay that to get a clean silver liberty in a true 70.
@morgansforever said:
In for 1, have no choice, already been sucked in by the other two.
Sadly, that is where I am as well. I really think that these coins look fantastic.
Gonna try and scoop up one, willing to bet it won't be easy getting through.
I'll be at work and won't be able to access their site on my pc at work, no choice but to
use my cell.
@morgansforever said:
In for 1, have no choice, already been sucked in by the other two.
Sadly, that is where I am as well. I really think that these coins look fantastic.
Gonna try and scoop up one, willing to bet it won't be easy getting through.
I'll be at work and won't be able to access their site on my pc at work, no choice but to
use my cell.
You should have no trouble. They won't sell out, so by 15 minutes after noon, things should have settled down.
30,000 is a lot....but how many did the mint make for the launch, will we see UNAVAILABLE or PRODUCT IS ON BACKORDER on Thursday or Friday? Will the price tag diminish sales? Will this third Palladium flop? How badly do you want one of these? Keep it raw or grade it? If you get one and it has a mark/scar on it, would you return for an exchange? I've wanted one of these for awhile, but two grand is giving me second thoughts....but it's such a great design! If it were made of Gold, that would be quite the coin!!!
All the Fixes are In. In about 3 hours the Mint will announce the price of $1,987.50. Anyone want to guess the last time the United States Mint priced ANY single offering over $1,987.50?
Comments
the last time silver was 20/ounce was 2016
Don't forget ... they use the weekly average to set pricing. In this case it will be from tomorrows close to September 11th close. By this coming Monday we should be able to estimate the average and be a little closer. Baring any big uptick on Sept. 9 & 10.
All boats be a rising.
I am content with what I already have so I will be on the sidelines for a while on this issue..
I think the Mint made a big mistake on doubling the mintage stated to 30,000. These will be a very tough sell at nearly $2,000 each.
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
As long as they don't sell less than 15,000 do they care?
They might not care, but if it was left at 15,000-20,000 more people would be interested in buying right away and that increases flip demand. Now some are just waiting to get them later.
Does anyone know the reason for the one week delay?
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
I agree with most of this. The idea of urgency fuels sales. But they have to balance that against whatever cost/profitability they can achieve. If they are more profitable selling 18,000 over 2 years than 15,000 over 2 days, they might as well take the long road.
Can they sell 2019's in 2020? There are only 3-1/2 months left in the year.
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
For "coins", they have to mint them in the year on the coin. They can sell them till the cows come home. Go on the site and see how many 2017 sets are still available. And look at the Innovation buck reverse proof, they minted them last December but didn't even start to sell them until August 2019 - they are dated 2018.
The only reason they might cut sales of these short is because I don't think they will mint them all at once. Based on what we learned above about their leasing of the bullion, I suspect they won't mint all 30,000 and sell them till sell-out. As a result, it will depend on how many they ultimately decide to Mint. I'm guessing they would do 10-15k before release and then sort of judge based on any backorder that develops.
There is nothing in the law to prevent sales in later years. There IS something in law that requires Commemoratives to stop at year end...
OMG OMG! Silver is moving maybe time to Short!!!!
Up $0.60 today what the heck is going on is it the end of the world?
I am still waiting for one of the big boys to pimp me out on a Palladium Coin!
These things are impossible to categorize. LOL.
They don't circulate but have a denomination: NCLT? Coin?
They are PM but special finish: bullion? Specimen?
They are part of a series commemorating Liberty: Commemorative?
Can't we put them in just about any category we want?
They should put them in the 2019 proof sets!
Now that would make for an interesting discussion. A proof set with a very expensive PM coin included.
First ounce of Palladium I ever bought was a real cool Panda in a wooden box for $150 spot was $125. Now I'm seeing presales over $3k for one stupid ounce. You won't see any offers to buy. Anyone wanting more than one will wait for day two.
Keep that Panda!
Avoid the Stupid ouncers!
By the way, an ounce of gold is basically the same spot now as an ounce of Palladium.
LOL, Pass on this for me....I got a Bermuda 1 oz palladium some years ago at 118...
Well, just Love coins, period.
The LBMA AM fix and the PM fix have happened for Wednesday.
Current pricing of the 2019 Reverse Proof Palladium would put it at $1.937.50
Palladium is still trending back up $17 so far today at $1,565. No way to know where this will really be until next Wednesday, but really is another $50-100 extra going to really matter? It is already expensive enough to hold back a lot of buyers.
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
Why do you think they changed the date ? I don't remember seeing that before.
WAG
Sourcing of the Pd.
Thursday Palladium fixes:
AM fix $1,560.00
PM fix $1,567.00
$1887.50
This’ll be fun!
I am for Sale!
Do you have a return policy?
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
Either $1,937.50 or $1,987.50...
Either ‘no I will wait’ or ‘no I am in no hurry.’
Just hurry up and wait, will ya?
Friday AM fix $1,555.00
Friday PM fix $1,541.00
Wednesday’s PM fix is the tie breaker if need be...
This series has helped me ease away from my tendency to jump on a new bullion issue, and maybe to buy extras. With all the premiums, markups and grading costs, I just can't get as excited about spending the money as I used to.
Decent design though.
I knew it would happen.
I was just kidding just a hard working stiff 50 hours a week in a Refinery. Making Jet Fuel and Diesel for America. Black Gold !
I will probably stay away from them this year since there is going to be 30,000 of them.
I would imagine the people posting order numbers on here on the 12th will be rather short
I was kidding, too
I will order one early to see how it looks, and then decide what to do next based on that.
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
Sadly, that is where I am as well. I really think that these coins look fantastic.
We are all gluttons for punishment
Lol
I too am one of those borderline mint slaves. Love the 2018 but need a price of about 1550 to get one of the 2019s and am extra put off by the 30,000 montage authorized.
Well, just Love coins, period.
If the Mint lists a low mintage, the issue sells out in a few minutes. Loud whining and crying begins immediately.
If the Mint has a monster mintage going, a subdued whining and crying starts very quickly. If there are few orders, then another round of w & c begins based on final mintages.
In the end, regardless of mintages, customers have hit the exits. Never looking back.
Bitcoin and BYND seem to have picked up a large crowd of followers. Former US Mint groupies?
I would be purchasing one of these because I wanted it. I could give two craps about the high or low mintage.
I tend to hold nearly everything I buy from the Mint if it is for collecting. If I want to sell something, it will typically be bullion.
I will wait this out to see what happens with spot price and buy one later, graded by PCGS as a 70. If I pay more because spot price goes up, so be it.
I see Bullion Exchanges Is starting their PCGS 70s on a pre-sale at $2950!
$1000 markup.
You may have to pay that to get a clean silver liberty in a true 70.
Monday AM fix $1,549.00
Monday PM fix $1,562.00
Average of 6 Fixes $1,555.67...
Gonna try and scoop up one, willing to bet it won't be easy getting through.
I'll be at work and won't be able to access their site on my pc at work, no choice but to
use my cell.
You should have no trouble. They won't sell out, so by 15 minutes after noon, things should have settled down.
With the release in 2 days the price of palladium has been going up
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
The government and the spot price will take a bite, don’t she?!
The questions becomes, how badly do you want one, now?
Oh, the beauty she will be.
Tuesday AM fix $1,544.00
Tuesday PM fix $1,565.00
Average of 8 Fixes $1,555.38...
All that is left is Wednesday AM fix and Wednesday PM fix...
+$1,550.00 = $1,987.50 Reverse Proof on Thursday…
30,000 is a lot....but how many did the mint make for the launch, will we see UNAVAILABLE or PRODUCT IS ON BACKORDER on Thursday or Friday? Will the price tag diminish sales? Will this third Palladium flop? How badly do you want one of these? Keep it raw or grade it? If you get one and it has a mark/scar on it, would you return for an exchange? I've wanted one of these for awhile, but two grand is giving me second thoughts....but it's such a great design! If it were made of Gold, that would be quite the coin!!!
Just venting some random thoughts.
If it were made of gold it would be $50-100 cheaper.
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
Yes. Yes. No. Ummm. Graded. Yes. Yes to Gold.
G night.
Buy what you like. If it is ever worth even close to what you paid for it, consider it a bonus.
All the Fixes are In. In about 3 hours the Mint will announce the price of $1,987.50. Anyone want to guess the last time the United States Mint priced ANY single offering over $1,987.50?