red coins at the Whitman Baltimore Expo, an opportunity that was not widely announced before the show. See the article on Page 10 for details about those sales.
See next post....
The Mint also reportedly resumed sales of the coins for a brief period Nov. 16 by phone and online, after initial reconciliation of processed orders.
Well, we know this was a falsehood...
And you might want to read the section under "Market action"...
No, that was true. There was like a 30 second window online on the 16th
Here is something I've wondered that I haven't seen brought up...did the mint ship them in order or timing? IE - if your order was first at exactly 12:00 did they ship you COA# 00001, or were they truly random? I'm overwhelmingly tempted to open one of mine because the order was in at...dun dun dun...12:00 on the dot.
@BigA said:
OK....interesting stuff....MCM had 127 at$1025 Thursday am..and 114 yesterday am....today they have 12 left (NGC) and raised the price to $1099
On the other hand Pinehurst Coins that had 351 69's yesterday at $970 have sold 12 ...price the same today AND they added 70's to the inventory.
So — they’re doing First DAY of issue for this coin too? What’s the procedure to get FDI: dealers only with numerous sealed boxes in one submission?
If I’m understanding this correctly, there’s a huge difference between “first day” and “first strike” labels. I find that especially irrational for this issue.
@Hemispherical said:
A bot attack? Obviously that person does not realize that you do not initiate from a singular or your own IP... nevermind back to coins.
If it wasn’t for all the other threads I’d have forgotten about this coin until I get the email that it was finally graded.
Bots with random cc with sites like privacy.com it's very hard to track bots these days. Even the mint said none of them processed lol.
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
@RichR said:
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
@jmlanzaf said:
red coins at the Whitman Baltimore Expo, an opportunity that was not widely announced before the show. See the article on Page 10 for details about those sales.
See next post....
The Mint also reportedly resumed sales of the coins for a brief period Nov. 16 by phone and online, after initial reconciliation of processed orders.
Well, we know this was a falsehood...
And you might want to read the section under "Market action"...
No, that was true. There was like a 30 second window online on the 16th
No, there may have been some available on the 16th, but they resumed sales on the 15th...
@Hemispherical said:
A bot attack? Obviously that person does not realize that you do not initiate from a singular or your own IP... nevermind back to coins.
It was probably a ddos. (Distributed Denial of Service). It doesn't use a singular IP, there's essentially a central command that tells bots to attack an IP.
Many of the bots are from infected PC's, but the majority of them?
Refrigerators, smart TV's, washing machines... Look up "IOT devices". These generally have weak security and have been a problem for years now.
Got my River Of No Return puck, got my JQ Adams Prezzimedal, but the ERP ASE? Maybe in two or three days. Would like to get this in the mail to the graders before Black Friday.
@RichR said:
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
All this does is move the bottle neck.
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Bots are an exaggerated problem. There is no profit in most Mint offerings. The bots aren't going to bother.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
They generally do
Further increase bandwidth on the site.
It's not the Mint website that was the problem. It was the payment gateway.
@RichR said:
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
Further increase bandwidth on the site.
Lottery
A lottery is almost guaranteed to shut out collectors and create just as much dissatisfaction. It will prevent the (fun) chaos of 12 noon, but flippers and dealers would dominate a lottery.
Things slowing down at MCM on the $1099 NGC 69's. Only sold 3 since yesterday...9 left.....no 70's numbers or price
Pinehurst also slowed down with their $969 NGC/PCGS 69's....sold 5 since yesterday,,,329 left...BUT....sold 2 of the $4264 FDI's AND all (20) of the FS/ER 70's at $2228
So — they’re doing First DAY of issue for this coin too? What’s the procedure to get FDI: dealers only with numerous sealed boxes in one submission?
If I’m understanding this correctly, there’s a huge difference between “first day” and “first strike” labels. I find that especially irrational for this issue.
I'm curious too, How do you get the First Day Issue. Are dealers the only one getting the FDI label?
@RichR said:
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
Further increase bandwidth on the site.
While these are all good and needed changes, this situation could be avoided by simply not publishing the mintage limit for an upcoming coin release.
This would at least require a buyer to know a little bit about the modern coin market, know that a coin has the potential to be important to a series, and take at least a small amount of risk.
By publishing the mintage limit in advance they make a coin like this a no-risk, no-brainer and guarantee chaos.
This coin would have sold well, reached the 30K limit, the sold out sign would have surprised some, and the coin would have become a scarcity for the series.
Good for collectors, good for dealers who know the market, and good for avoiding discontent in the Mint's customer base.
Ordering coin from Mint...only function...60 attempts per second...99.99 rate of success...already procured over 100 coin...oops something went wrong...ordering from March 14 not November 14...coin purchased: American Legion 100th Anniversary 2019 Uncirculated Clad Half Dollar...cannot stop bot programming....
@Onastone said:
Ordering coin from Mint...only function...60 attempts per second...99.99 rate of success...already procured over 100 coin...oops something went wrong...ordering from March 14 not November 14...coin purchased: American Legion 100th Anniversary 2019 Uncirculated Clad Half Dollar...cannot stop bot programming....
@RichR said:
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
Further increase bandwidth on the site.
While these are all good and needed changes, this situation could be avoided by simply not publishing the mintage limit for an upcoming coin release.
This would at least require a buyer to know a little bit about the modern coin market, know that a coin has the potential to be important to a series, and take at least a small amount of risk.
By publishing the mintage limit in advance they make a coin like this a no-risk, no-brainer and guarantee chaos.
This coin would have sold well, reached the 30K limit, the sold out sign would have surprised some, and the coin would have become a scarcity for the series.
Good for collectors, good for dealers who know the market, and good for avoiding discontent in the Mint's customer base.
Ridiculous. You can't know anything about the coin market if you don't know the mintage limit.
@Onastone said:
Ordering coin from Mint...only function...60 attempts per second...99.99 rate of success...already procured over 100 coin...oops something went wrong...ordering from March 14 not November 14...coin purchased: American Legion 100th Anniversary 2019 Uncirculated Clad Half Dollar...cannot stop bot programming....
That’s a good one thank you for the laugh! LOL 😆
So funny what makes it more crazy is that they don't just use one bot they use multiple. Lol.
You mean it's EASIER for you if your supplier removes the risk in your decision making.
I think it's sort of an intellectually lazy position for a business person to accept.
Knowledgeable dealers would have bought and sold this coin and made plenty.
It should be a brainer, not a no-brainer.
@rip_f said:
You mean it's EASIER for you if your supplier removes the risk in your decision making.
I think it's sort of an intellectually lazy position for a business person to accept.
Knowledgeable dealers would have bought and sold this coin and made plenty.
It should be a brainer, not a no-brainer.
No dealer would have bought this coin with an unknown mintage because the mintage could have been unlimited. They sell half a million proof silver eagles each year. Dealers buy a few to retail, but none of them load up on an issue thinking the price is going to skyrocket.
Anyone who bought a bunch of these with an unknown mintage didn't make a business decision, they just got lucky.
This one was a "brainer". I offered $500 more than a month ago and even some wholesalers called me an idiot. People were pre-selling them at $250 before release. Other dealers were smart enough to hire actors to line up at Baltimore.
Decisions are made by processing available information. Having no information does not allow you to make a decision, it is straight up gambling.
A "knowledgable dealer" would NOT buy this coin if they didn't know what the mintage was going to be. This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
That's correct. The mintage is really the only thing going for this coin. I firmly believe the mint's key-coin undermining days are not over. They did it with the '15 Plat and now the ASE. Next time they will pick on a gold eagle or buffalo I'd guess.
This one was a "brainer". I offered $500 more than a month ago and even some wholesalers called me an idiot. People were pre-selling them at $250 before release. Other dealers were smart enough to hire actors to line up at Baltimore.
What if these manufactured artificial rarities weren't created, but instead, a couple times a year a coin or set sold out unexpectedly. (they reached the Mint's planned, but unannounced limit)
We'd then have most of the positive effects of scarcity, but without all of the negative effects of the chaos.
People would have to know the marketplace. They'd need to take some risk.
The brainpower needed would not merely be to scheme and game the system to get as many of these widgets as possible, but to decide which product had the potential to be "scarce" .
And the mint is here for dealers alone I suppose? Really, collectors are ultimately the sustaining impetus for the mint and need to be kept in mind, to say the least.
Love that Milled British (1830-1960) Well, just Love coins, period.
This morning Lowest prices I seen for unopened / opened on Ebay was $1500.00 all the way up to $60,000.00
Of course there are a few on BST for $1000.00 that do not seem to be getting any bites! I guess the sun must be out and not fishing during the early mornings where they bite the best!
Got my River Of No Return puck, got my JQ Adams Prezzimedal, but the ERP ASE? Maybe in two or three days. Would like to get this in the mail to the graders before Black Friday.
Okay, I'm done whining now.
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
Got my River Of No Return puck, got my JQ Adams Prezzimedal, but the ERP ASE? Maybe in two or three days. Would like to get this in the mail to the graders before Black Friday.
Okay, I'm done whining now.
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
The reason I'm whining (which started in the Presidential Medal thread, which makes this a multi-thread whine) is because I bought the medal two days after the ASE, and it's already in my possession. (The RoNR puck was ordered the day before I bought the ASE, and I got that three days ago.)
The medal was shipped the morning of Nov 19 and the ASE shipped the evening of Nov 19 means a 3 to 4 day difference in delivery times. (We won't mention the Mint took two days to ship the ASE.)
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
I actually thought about upgrading to expedited during check-out, but I was afraid if I took the time to change my shipping option, I'd get the coin sold out from under me, lol.
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
You mean you were able to snag 1 and your RELATIVES were able to snag the other 2 with your guidance!
If I lived in Baltimore I would of went down to Franklin Street and found fifty (50) of our finest Baltimore residence. Paid them $100.00 ( half in dope ) and another $100.00 (100% in dope) upon delivery of said coin + signed certificate. What I would of given to watch the faces of the others dealing with the steanch of said citizens. With a bus ticket back downtown but I don't live there. 😎. Sorry I am watching HBO THE WIRE Season 6. I don’t really do dope.
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
You mean you were able to snag 1 and your RELATIVES were able to snag the other 2 with your guidance!
Sure...that sounds good..I'll go with that!
Anyhow, I'll admit that I was extremely fortunate after being completely shut out on the first day. I suspect that I have some of the last coins out the door. And they are all sitting before me in sealed boxes...not sure if I want to open them to look for signed COA's?
@RichR said:
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
You mean you were able to snag 1 and your RELATIVES were able to snag the other 2 with your guidance!
Sure...that sounds good..I'll go with that!
Anyhow, I'll admit that I was extremely fortunate after being completely shut out on the first day. I suspect that I have some of the last coins out the door. And they are all sitting before me in sealed boxes...not sure if I want to open them to look for signed COA's?
There is a video of a Unnamed Male Opening a Box showing how to do it without detection or hurting the box IN ONE OF THESE MANY LINKS. Of COURSE YOU DID NOT HEAR THAT FROM ME. I will deny it sand I am sure the moderators did not exclude it.
I think it’s titled;
2019 s reverse proof silver eagle - open the box?
This one was a "brainer". I offered $500 more than a month ago and even some wholesalers called me an idiot. People were pre-selling them at $250 before release. Other dealers were smart enough to hire actors to line up at Baltimore.
What if these manufactured artificial rarities weren't created, but instead, a couple times a year a coin or set sold out unexpectedly. (they reached the Mint's planned, but unannounced limit)
We'd then have most of the positive effects of scarcity, but without all of the negative effects of the chaos.
People would have to know the marketplace. They'd need to take some risk.
The brainpower needed would not merely be to scheme and game the system to get as many of these widgets as possible, but to decide which product had the potential to be "scarce" .
And the second it went unexpectedly unavailable, collectors would complain that they should have published the mintage, because if they'd know how few there were going to be, they would have ordered sooner..... Not to flip, but just for their collection.
The chaos was a bonus .... For publicity, and for anyone who got it.
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not only the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
"The chaos was a bonus .... For publicity, and for anyone who got it."
...and...who doesn't like a good scrum when the doors open for a huge sale? Get the adrenaline pumping, elbows flailing, curse words screaming...I was one of the lucky few who scored one for the team.
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
That's a somewhat different point. This is $1000 coin OPENED. The value is because of the mintage. See the entire discussion eith rip-f.
The sealed box signature hunt is also currently a "thing" which ads to the current fun.
My comment was in response to the silly suggestion that people will line up to buy a coin of unknown mintage.
Really, Have you seen the eBay ask and a few sold prices, and a couple actual BST sales for the real, not fake, low number certified signed Ryder, (the Mint Director's) certificates?
I don't know Ryder at all, but his low # certificate is worth on eBay more than the coin by far, and he is the one who approved this publicity, and possibly successful marketing, scheme for the long term.
This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
So how does the COA work with grading? If you open it and find the “golden ticket” can you still Submit it for grading with the coin or do you have to submit it sealed and hope you where lucky?
Comments
red coins at the Whitman Baltimore Expo, an opportunity that was not widely announced before the show. See the article on Page 10 for details about those sales.
No, that was true. There was like a 30 second window online on the 16th
Greed does get ugly
.
OK....interesting stuff....MCM had 127 at$1025 Thursday am..and 114 yesterday am....today they have 12 left (NGC) and raised the price to $1099
On the other hand Pinehurst Coins that had 351 69's yesterday at $970 have sold 12 ...price the same today AND they added 70's to the inventory.
PCGS/NGC FDI 70's $4364 (30 available)
PCGS/NGC FS/ER 70's $2228 (13 available)
Here is something I've wondered that I haven't seen brought up...did the mint ship them in order or timing? IE - if your order was first at exactly 12:00 did they ship you COA# 00001, or were they truly random? I'm overwhelmingly tempted to open one of mine because the order was in at...dun dun dun...12:00 on the dot.
Early American Copper, Bust and Seated.
So — they’re doing First DAY of issue for this coin too? What’s the procedure to get FDI: dealers only with numerous sealed boxes in one submission?
If I’m understanding this correctly, there’s a huge difference between “first day” and “first strike” labels. I find that especially irrational for this issue.
A bot attack? Obviously that person does not realize that you do not initiate from a singular or your own IP... nevermind back to coins.
If it wasn’t for all the other threads I’d have forgotten about this coin until I get the email that it was finally graded.
Guess I totally missed this about ATS slabbing of the ERP:
I knew PCGS was doing it but didn't know both were
Bots with random cc with sites like privacy.com it's very hard to track bots these days. Even the mint said none of them processed lol.
Nothing today they don’t put them up on Sunday do they?
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923
An Editorial In Today's "Coin World"
( this is cross posted in another thread )
Also note in the front page article is reference to bot interception and "none of the orders attempted through the use of bots were processed"
A few relatively easy (and obvious) solutions to prevent a repeat mess the next time:
Once an item is placed in your cart, provide an adequate "grace period" to actually check out...no swooping in and "stealing" items out of others carts! No other retail operation operates like this!
Implement a safeguard to prove you're human...such as spelling out a word...or selecting images; otherwise bots are going to run wild going forward.
Either fix the glitches preventing credit card details from auto completing...or require everyone to key in their cc info fresh for every purchase.
Give purchasers and opportunity to correct any credit card or address issues before cancelling orders (like most other retailers)
Further increase bandwidth on the site.
No, there may have been some available on the 16th, but they resumed sales on the 15th...
Sigh. I hate sending in coins blind...
It was probably a ddos. (Distributed Denial of Service). It doesn't use a singular IP, there's essentially a central command that tells bots to attack an IP.
Many of the bots are from infected PC's, but the majority of them?
Refrigerators, smart TV's, washing machines... Look up "IOT devices". These generally have weak security and have been a problem for years now.
Yeppers!
Got my River Of No Return puck, got my JQ Adams Prezzimedal, but the ERP ASE? Maybe in two or three days. Would like to get this in the mail to the graders before Black Friday.
Okay, I'm done whining now.
All this does is move the bottle neck.
Bots are an exaggerated problem. There is no profit in most Mint offerings. The bots aren't going to bother.
They generally do
It's not the Mint website that was the problem. It was the payment gateway.
A lottery is almost guaranteed to shut out collectors and create just as much dissatisfaction. It will prevent the (fun) chaos of 12 noon, but flippers and dealers would dominate a lottery.
Things slowing down at MCM on the $1099 NGC 69's. Only sold 3 since yesterday...9 left.....no 70's numbers or price
Pinehurst also slowed down with their $969 NGC/PCGS 69's....sold 5 since yesterday,,,329 left...BUT....sold 2 of the $4264 FDI's AND all (20) of the FS/ER 70's at $2228
I'm curious too, How do you get the First Day Issue. Are dealers the only one getting the FDI label?
While these are all good and needed changes, this situation could be avoided by simply not publishing the mintage limit for an upcoming coin release.
This would at least require a buyer to know a little bit about the modern coin market, know that a coin has the potential to be important to a series, and take at least a small amount of risk.
By publishing the mintage limit in advance they make a coin like this a no-risk, no-brainer and guarantee chaos.
This coin would have sold well, reached the 30K limit, the sold out sign would have surprised some, and the coin would have become a scarcity for the series.
Good for collectors, good for dealers who know the market, and good for avoiding discontent in the Mint's customer base.
Ordering coin from Mint...only function...60 attempts per second...99.99 rate of success...already procured over 100 coin...oops something went wrong...ordering from March 14 not November 14...coin purchased: American Legion 100th Anniversary 2019 Uncirculated Clad Half Dollar...cannot stop bot programming....
That’s a good one thank you for the laugh! LOL 😆
Ridiculous. You can't know anything about the coin market if you don't know the mintage limit.
So funny what makes it more crazy is that they don't just use one bot they use multiple. Lol.
You mean it's EASIER for you if your supplier removes the risk in your decision making.
I think it's sort of an intellectually lazy position for a business person to accept.
Knowledgeable dealers would have bought and sold this coin and made plenty.
It should be a brainer, not a no-brainer.
Haha yes but I saw one that had 100 bots with 100 confirmed ships haha
No dealer would have bought this coin with an unknown mintage because the mintage could have been unlimited. They sell half a million proof silver eagles each year. Dealers buy a few to retail, but none of them load up on an issue thinking the price is going to skyrocket.
Anyone who bought a bunch of these with an unknown mintage didn't make a business decision, they just got lucky.
This one was a "brainer". I offered $500 more than a month ago and even some wholesalers called me an idiot. People were pre-selling them at $250 before release. Other dealers were smart enough to hire actors to line up at Baltimore.
Decisions are made by processing available information. Having no information does not allow you to make a decision, it is straight up gambling.
A "knowledgable dealer" would NOT buy this coin if they didn't know what the mintage was going to be. This isn't $1000 coin because of the coin. It's a $1000 coin because of the MINTAGE.
That's correct. The mintage is really the only thing going for this coin. I firmly believe the mint's key-coin undermining days are not over. They did it with the '15 Plat and now the ASE. Next time they will pick on a gold eagle or buffalo I'd guess.
@jmlanzaf said:
What if these manufactured artificial rarities weren't created, but instead, a couple times a year a coin or set sold out unexpectedly. (they reached the Mint's planned, but unannounced limit)
We'd then have most of the positive effects of scarcity, but without all of the negative effects of the chaos.
People would have to know the marketplace. They'd need to take some risk.
The brainpower needed would not merely be to scheme and game the system to get as many of these widgets as possible, but to decide which product had the potential to be "scarce" .
And the mint is here for dealers alone I suppose? Really, collectors are ultimately the sustaining impetus for the mint and need to be kept in mind, to say the least.
Well, just Love coins, period.
For those not keeping the coin, what in your opinion is the best option?...
Seems like there is no price difference on eBay between sealed and opened
He who knows he has enough is rich.
This morning Lowest prices I seen for unopened / opened on Ebay was $1500.00 all the way up to $60,000.00
Of course there are a few on BST for $1000.00 that do not seem to be getting any bites! I guess the sun must be out and not fishing during the early mornings where they bite the best!
I'd be thrilled to get mine in 2-3 days. ETA on mine is Dec 5. There is at least one person who ordered theirs the next day after the Nov. 14 debacle and has already received his.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
FYI...I was able to snag 3 within the 30-second window on 11/15...and they were delivered last Thursday...and that was with expedited shipping selected.
The reason I'm whining (which started in the Presidential Medal thread, which makes this a multi-thread whine) is because I bought the medal two days after the ASE, and it's already in my possession. (The RoNR puck was ordered the day before I bought the ASE, and I got that three days ago.)
The medal was shipped the morning of Nov 19 and the ASE shipped the evening of Nov 19 means a 3 to 4 day difference in delivery times. (We won't mention the Mint took two days to ship the ASE.)
Okay, I'm whining again. I'll stop now.
I actually thought about upgrading to expedited during check-out, but I was afraid if I took the time to change my shipping option, I'd get the coin sold out from under me, lol.
You mean you were able to snag 1 and your RELATIVES were able to snag the other 2 with your guidance!
If I lived in Baltimore I would of went down to Franklin Street and found fifty (50) of our finest Baltimore residence. Paid them $100.00 ( half in dope ) and another $100.00 (100% in dope) upon delivery of said coin + signed certificate. What I would of given to watch the faces of the others dealing with the steanch of said citizens. With a bus ticket back downtown but I don't live there. 😎. Sorry I am watching HBO THE WIRE Season 6.
I don’t really do dope.
In the past I've seen coins show up as available on Sunday morning
Sure...that sounds good..I'll go with that!
Anyhow, I'll admit that I was extremely fortunate after being completely shut out on the first day. I suspect that I have some of the last coins out the door. And they are all sitting before me in sealed boxes...not sure if I want to open them to look for signed COA's?
There is a video of a Unnamed Male Opening a Box showing how to do it without detection or hurting the box IN ONE OF THESE MANY LINKS. Of COURSE YOU DID NOT HEAR THAT FROM ME.
I will deny it sand I am sure the moderators did not exclude it.
I think it’s titled;
2019 s reverse proof silver eagle - open the box?
And the second it went unexpectedly unavailable, collectors would complain that they should have published the mintage, because if they'd know how few there were going to be, they would have ordered sooner..... Not to flip, but just for their collection.
The chaos was a bonus .... For publicity, and for anyone who got it.
I almost always agree with JM (because he is right a lot), but not in this case.
It is not only the MINTAGE, it is the 100 signed and undiscovered COA's that are making this the biggest unopened cardboard box frenzy in Mint history for something less than $20 melt..
Ryder and the #100 certificates changed everything. The many and high bids for unopened boxes are not for 70's, cause a lot will be 70's, but the $$ for the COA lottery.
That is the genius of this marketing coup by Ryder.
My US Mint Commemorative Medal Set
"The chaos was a bonus .... For publicity, and for anyone who got it."
...and...who doesn't like a good scrum when the doors open for a huge sale? Get the adrenaline pumping, elbows flailing, curse words screaming...I was one of the lucky few who scored one for the team.
Where is the "disagree" button?
And who is "Ryder?"
Kidding aside, the certificates mean very little, and even less in a year when people paying the premium realize he is not a celebrity but a government employee.
I hardly ever agree with @jmlanzaf, but I do here. It is most certainly about mintage
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
That's a somewhat different point. This is $1000 coin OPENED. The value is because of the mintage. See the entire discussion eith rip-f.
The sealed box signature hunt is also currently a "thing" which ads to the current fun.
My comment was in response to the silly suggestion that people will line up to buy a coin of unknown mintage.
DCW,
Really, Have you seen the eBay ask and a few sold prices, and a couple actual BST sales for the real, not fake, low number certified signed Ryder, (the Mint Director's) certificates?
I don't know Ryder at all, but his low # certificate is worth on eBay more than the coin by far, and he is the one who approved this publicity, and possibly successful marketing, scheme for the long term.
My US Mint Commemorative Medal Set
So how does the COA work with grading? If you open it and find the “golden ticket” can you still Submit it for grading with the coin or do you have to submit it sealed and hope you where lucky?
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/publishedset/209923
https://www.pcgs.com/setregistry/quarters/washington-quarters-major-sets/washington-quarters-date-set-circulation-strikes-1932-present/album/209923