I don’t see it as dependent on the number of collectors.
I do see it as potential hysteria, frenzy, and drive to have the lowest mintage.
And if you can get that lowest mintage Eagle at the lowest price possible from the Mint, why not?
You best have your number one speedy outfit on come play time.
As I see it, using your estimates - after the dust settles from this new issue and the chickens come home to roost, the number of actual dedicated* Silver Eagle collectors will then be from 70 to 40,000 or so.
*I'm assuming that the word "dedicated" means that they have some desire for a complete set in one condition or another and have the means to pursue that goal.
The Mint is becoming much like a subscription service - i.e. the Franklin Mint - rather than a government agency with a mandate to be responsive to the needs of its citizens.
No big surprise here. Do I sound too jaded?
Q: Are You Printing Money? Bernanke: Not Literally
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Possibly. Just look at this ASE as the key date that everyone wants. For sale directly from the mint.
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
anything that is going to triple in value after sell out will be in high demand. the bigger dealers are already trying to get people to buy for them for a premium
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Maybe, but those had a mintage of 15k along with being a brand new issue...just look at the subsequent years of higher mintage issued ones.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@coinpalice said:
anything that is going to triple in value after sell out will be in high demand. the bigger dealers are already trying to get people to buy for them for a premium
Where? I would like to see which companies are after it and how much they are spending
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Maybe, but those had a mintage of 15k along with being a brand new issue...just look at the subsequent years of higher mintage issued ones.
That's not the point. There are more than 30,000 people who want these - including flippers. If 15k sells out in 4 minutes, then 30k might last 8 minutes or 10 minutes. There will probably be 50,000 people trying to place orders simultaneously. The only real limits on how fast it sells out is the speed of the purchasers and the bandwidth of the system. If the system jams up, it may last 20 minutes.
If these had 1 click ordering, they would sell out in less than 60 seconds.
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
I don’t think so. There are far more people that collect the ASE and more people that can afford them rather than a $1,000+ palladium coin
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
@FullStrike said:
Unavailable in 13 seconds flat !
Rioting breaking out at key Goverment Minting Facilities.
Headlines of the day.
I live in Philly and the area around the Mint here is about as quiet as you get, except for the tourists across the street who visit and toss pennies on Ben Franklin's grave. I had to laugh at this, the idea of a riot in that area is too funny.
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
My guess is barely a minute.
You're not doing the math. They sold out immediately in 4 minutes. That's as fast as 15,000 orders could be entered and processed. Unless they upgraded the system, they will not be able full enter or process any faster than that. It takes time buddy to get it in the cart, confirm payment, accept terms
@coinpalice said:
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
I don’t think so. There are far more people that collect the ASE and more people that can afford them rather than a $1,000+ palladium coin
Doesn't matter. Everyone was trying to buy the palladium for the flip. The system ca n only process orders at a certain rate. On busy days like that, it sometimes takes minutes to get to the confirmation screen. I know people on the palladium that had it in the cart and order processing but got shut out when it went unavailable while they were waiting
@FullStrike said:
Unavailable in 13 seconds flat !
Rioting breaking out at key Goverment Minting Facilities.
Headlines of the day.
I live in Philly and the area around the Mint here is about as quiet as you get, except for the tourists across the street who visit and toss pennies on Ben Franklin's grave. I had to laugh at this, the idea of a riot in that area is too funny.
Your best bet seems to be at the Mint Store. Are you going that route?
@FullStrike said:
Unavailable in 13 seconds flat !
Rioting breaking out at key Goverment Minting Facilities.
Headlines of the day.
I live in Philly and the area around the Mint here is about as quiet as you get, except for the tourists across the street who visit and toss pennies on Ben Franklin's grave. I had to laugh at this, the idea of a riot in that area is too funny.
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
I agree. And 8 minutes will go by in a flash.
I want one. Glad I put this one in my "subscription service" so it's automatic! (just kidding, couldn't resist! )
They will sell out as fast as the orders can be processed...they did add flexible overflow capacity and this sale will test that. It could be 30 secs to 20 mins. We will know their absolute capacity after this.
I agree. And 8 minutes will go by in a flash.
I want one. Glad I put this one in my "subscription service" so it's automatic! (just kidding, couldn't resist! )
The remind Me button doesn’t send you an email until 2 hrs after the initial release
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
@Kudbegud said:
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
@Kudbegud said:
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
Good luck if you give it a try.
I think his point is that you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
@Kudbegud said:
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
Good luck if you give it a try.
I think his point is that you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
@Kudbegud said:
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
Good luck if you give it a try.
I think his point is that you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
Yes that was what I was trying to get at
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
@Kudbegud said:
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
Good luck if you give it a try.
I won’t be able to try it since I’m in Chicago. No mint store around here
Young Numismatist/collector 75 Positive BST transactions buying and selling with 45 members and counting! instagram.com/klnumismatics
This latest Riot to be sponsored by the US Mint could be a real Doozy. Imagine 80% of the mintage leaving via the back door weeks before being " offered " to the little guys. On the Day in question, you try to order and quickly see the unavavailable message.
Before the steam stops rising from your ears, you learn of 70's for Next Day Delivery from several of the Big Time Operators.
Sorry Kliao, it was @ernie111 that lives in Philly.
I assume the staff at the Mint Store are alert to this "getting back in line" method so it may not work. Having a couple friends with you would be the guaranteed way to get more than the individual limit.
Oh, the frenzied days of the Kennedy Gold are comin back to me.
The difference is do you hear that sound??
That is the scrambling of collectors running for the exit with the next closest mintage Eagle.
you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
That's like going Trick-or-Treating and going to the same house after changing your costume in the car. New mask, new sweatshirt, ghost sheet, cowboy hat...just keep getting in line at the same house until they run out of candy!!!
@Kudbegud said:
Sorry Kliao, it was @ernie111 that lives in Philly.
I assume the staff at the Mint Store are alert to this "getting back in line" method so it may not work. Having a couple friends with you would be the guaranteed way to get more than the individual limit.
I beg to differ. I was on the physical line that stretched around the building to the Mint gift shop in Philly during the Kennedy Gold fiasco; only to see dealers handing prepaid Visa cards to their “actors” they paid to stand in line to buy the coins for them.
It will be anything but “sleepy” around the js Mint gift stores on nov 14 —-and that is IF they actually sell them at the gift store....because that has happened too—-only available online!!!
I see this as a smart flip. Given that the Mint has yet to address the spotting issue I would be reluctant to hold onto these (or any numismatic silver Eagles) for a long period of time.
I will be getting myself ONE, either graded or ungraded.
Comments
Im going to ask my friends to see if they can help me get more than one.
Now, that's a novel idea!
I knew it would happen.
But I probably have to set up their accounts
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
2 minute sell out.
Going to try like hell to get one.
Log on 5 to 10 min before release. Probably what I’m gonna do
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I will be ready and waiting.
Will the mint stores have any in stock? If so does anyone know how many?
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I don’t see it as dependent on the number of collectors.
I do see it as potential hysteria, frenzy, and drive to have the lowest mintage.
And if you can get that lowest mintage Eagle at the lowest price possible from the Mint, why not?
You best have your number one speedy outfit on come play time.
70 to 100,000
70 to 100,000
Duly noted.
As I see it, using your estimates - after the dust settles from this new issue and the chickens come home to roost, the number of actual dedicated* Silver Eagle collectors will then be from 70 to 40,000 or so.
*I'm assuming that the word "dedicated" means that they have some desire for a complete set in one condition or another and have the means to pursue that goal.
The Mint is becoming much like a subscription service - i.e. the Franklin Mint - rather than a government agency with a mandate to be responsive to the needs of its citizens.
No big surprise here. Do I sound too jaded?
I knew it would happen.
With only one per household initially, it might take several hours to sell out. That's my take.
I don’t think so. There are probably 30,000+ ASE collectors and even more people that want to flip them. It will be unavailable quick
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I think these will be similar to the American Eagle 2018 One Ounce Palladium Proof Coins. I got one of those just barely before they sold out. those sold out about in 4 minutes
Possibly. Just look at this ASE as the key date that everyone wants. For sale directly from the mint.
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
anything that is going to triple in value after sell out will be in high demand. the bigger dealers are already trying to get people to buy for them for a premium
Maybe, but those had a mintage of 15k along with being a brand new issue...just look at the subsequent years of higher mintage issued ones.
Where? I would like to see which companies are after it and how much they are spending
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
send MCM a message
Yes, that was 15,000 coins. At 30,000 coins, it might last 8 minutes.
.
That's not the point. There are more than 30,000 people who want these - including flippers. If 15k sells out in 4 minutes, then 30k might last 8 minutes or 10 minutes. There will probably be 50,000 people trying to place orders simultaneously. The only real limits on how fast it sells out is the speed of the purchasers and the bandwidth of the system. If the system jams up, it may last 20 minutes.
If these had 1 click ordering, they would sell out in less than 60 seconds.
My guess is barely a minute.
I don’t think so. There are far more people that collect the ASE and more people that can afford them rather than a $1,000+ palladium coin
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Correct...
Unavailable in 13 seconds flat !
Rioting breaking out at key Goverment Minting Facilities.
Headlines of the day.
I live in Philly and the area around the Mint here is about as quiet as you get, except for the tourists across the street who visit and toss pennies on Ben Franklin's grave. I had to laugh at this, the idea of a riot in that area is too funny.
You're not doing the math. They sold out immediately in 4 minutes. That's as fast as 15,000 orders could be entered and processed. Unless they upgraded the system, they will not be able full enter or process any faster than that. It takes time buddy to get it in the cart, confirm payment, accept terms
Doesn't matter. Everyone was trying to buy the palladium for the flip. The system ca n only process orders at a certain rate. On busy days like that, it sometimes takes minutes to get to the confirmation screen. I know people on the palladium that had it in the cart and order processing but got shut out when it went unavailable while they were waiting
Your best bet seems to be at the Mint Store. Are you going that route?
How do they make sure they don’t buy more than one at the mint store if you pay in cash?
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
At 30,000 coins, it might last 8 minutes.
I agree. And 8 minutes will go by in a flash.
)
I want one. Glad I put this one in my "subscription service" so it's automatic! (just kidding, couldn't resist!
3 minutes …... gone
They will sell out as fast as the orders can be processed...they did add flexible overflow capacity and this sale will test that. It could be 30 secs to 20 mins. We will know their absolute capacity after this.
The remind Me button doesn’t send you an email until 2 hrs after the initial release
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
It's a physical store...the Mint Gift Shop. You go in and they have a supply on hand. Ask for 10 and I'm pretty sure they will say something like "Sorry, there is a limit of 1 per customer."
As had been done in the past the collector has several friends or relatives in line with him and they each buy the limit if 1.
The reason to show up in person, plenty early I'd suggest, is there is no computer choking to make you miss your chance. Some take their coin(s) directly to the FedX office and within minutes its on its way to PCGS. Or USPS Express Mail or UPS.
Good luck if you give it a try.
I think his point is that you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
Yes that was what I was trying to get at
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I won’t be able to try it since I’m in Chicago. No mint store around here
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
This latest Riot to be sponsored by the US Mint could be a real Doozy. Imagine 80% of the mintage leaving via the back door weeks before being " offered " to the little guys. On the Day in question, you try to order and quickly see the unavavailable message.
Before the steam stops rising from your ears, you learn of 70's for Next Day Delivery from several of the Big Time Operators.
The price : $2,599.99 Next Day Air
Sorry Kliao, it was @ernie111 that lives in Philly.
I assume the staff at the Mint Store are alert to this "getting back in line" method so it may not work. Having a couple friends with you would be the guaranteed way to get more than the individual limit.
Oh, the frenzied days of the Kennedy Gold are comin back to me.
The difference is do you hear that sound??
That is the scrambling of collectors running for the exit with the next closest mintage Eagle.
I saw ‘95w going for $2k is that right?!?
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Yes, the 70s can get up there in $$.
https://www.pcgs.com/coinfacts/coin/1995-1-silver-eagle/9886
When my dealer friend.. gets his employees ,family ready , to order this reverse eagle..... bet on a hot sellout
Did he?
you could go in 5 times and make 5 separate cash transactions and they wouldn't know.
That's like going Trick-or-Treating and going to the same house after changing your costume in the car. New mask, new sweatshirt, ghost sheet, cowboy hat...just keep getting in line at the same house until they run out of candy!!!
I beg to differ. I was on the physical line that stretched around the building to the Mint gift shop in Philly during the Kennedy Gold fiasco; only to see dealers handing prepaid Visa cards to their “actors” they paid to stand in line to buy the coins for them.
It will be anything but “sleepy” around the js Mint gift stores on nov 14 —-and that is IF they actually sell them at the gift store....because that has happened too—-only available online!!!
BTW the link had the bullion ‘95 not the ‘95w here’s the ‘95w
https://www.pcgs.com/coinfacts/coin/1995-w-1-silver-eagle-dcam/9887
Will this ASE go up there in 25 years?
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
Now that’s how you het more!
Young Numismatist/collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I see this as a smart flip. Given that the Mint has yet to address the spotting issue I would be reluctant to hold onto these (or any numismatic silver Eagles) for a long period of time.
I will be getting myself ONE, either graded or ungraded.
You stated $2k therefore the link I posted.
If you had stated $10k then the second link would be appropriate.
Technically it’s all bullion (with a big premium.)