Yeah, that's would follow the model of a normal sell-out coin. It'll be interesting to see if that happens with this one.
I'm really not sure if there was another coin put on sale from the Mint that had this sort of frenzy in the past decade.
I think the 2018-W Palladium comes close.
I don't think it's at all close. As we discovered this year, the demand for the Pd coin is only around 15,000 which was the mintage for the Pd coin.
They sell hundreds of thousands of proof eagles every year. The latent demand is MUCH higher than the mintage, unlike the Pd coin.
Ok - we are talking about maybe the 2018 Pd being CLOSEST in term of a BUYING FRENZY. Not just from the base collectors.
A mere sell-out in minutes. Price sustainable after a few months although Pd did went down but still a nice premium over Mint cost+rise in PM.
Granted this Silver Eagle is just in the 1st inning...
Yeah, that's would follow the model of a normal sell-out coin. It'll be interesting to see if that happens with this one.
I'm really not sure if there was another coin put on sale from the Mint that had this sort of frenzy in the past decade.
I think the 2018-W Palladium comes close.
I don't think it's at all close. As we discovered this year, the demand for the Pd coin is only around 15,000 which was the mintage for the Pd coin.
They sell hundreds of thousands of proof eagles every year. The latent demand is MUCH higher than the mintage, unlike the Pd coin.
Ok - we are talking about maybe the 2018 Pd being CLOSEST in term of a BUYING FRENZY. Not just from the base collectors.
A mere sell-out in minutes. Price sustainable after a few months although Pd did went down but still a nice premium over Mint cost+rise in PM.
Granted this Silver Eagle is just in the 1st inning...
I think the closest thing that's come to the ERP ASE is the 2011 5-coin 25th Anniversary ASE set.
100K product limit, with two coins unique. 5 HHL, so that meant 20K orders. (Most bought 5. Like me. )
The 2018 palladium doesn't come close to products like that. The 2014 BBHoF was probably on par with the 2018 Pd, it was amazing how well received that commem was.
Yeah, that's would follow the model of a normal sell-out coin. It'll be interesting to see if that happens with this one.
I'm really not sure if there was another coin put on sale from the Mint that had this sort of frenzy in the past decade.
I think the 2018-W Palladium comes close.
I don't think it's at all close. As we discovered this year, the demand for the Pd coin is only around 15,000 which was the mintage for the Pd coin.
They sell hundreds of thousands of proof eagles every year. The latent demand is MUCH higher than the mintage, unlike the Pd coin.
Ok - we are talking about maybe the 2018 Pd being CLOSEST in term of a BUYING FRENZY. Not just from the base collectors.
A mere sell-out in minutes. Price sustainable after a few months although Pd did went down but still a nice premium over Mint cost+rise in PM.
Granted this Silver Eagle is just in the 1st inning...
I think the closest thing that's come to the ERP ASE is the 2011 5-coin 25th Anniversary ASE set.
100K product limit, with two coins unique. 5 HHL, so that meant 20K orders. (Most bought 5. Like me. )
The 2018 palladium doesn't come close to products like that. The 2014 BBHoF was probably on par with the 2018 Pd, it was amazing how well received that commem was.
Yeah, even after recent updates to the website, the ERP ASE crashed the server like it was 1995! The Pd coin did not come close to that kind of mayhem.
Viewed through the context of number of collectors, I really don't think anything comes close to the ERP ASE. They do sell hundreds of thousands of proof ASE's annually. 30,000 against hundreds of thousands...what other Mint coin comes close? The Pd coin was pretty much 15,000 against 15,000. Even the 2011 set was 100k against maybe 500k buyer base. HOF is harder to assess as a one-off commem.
We may not see the same mayhem for another Mint product for a loooong time...
Or Ryder will issue a Kennedy Half with a mintage limit of 10,000 next year to really test the server bandwidth.
Yeah, even after recent updates to the website, the ERP ASE crashed the server like it was 1995! The Pd coin did not come close to that kind of mayhem.
If there was mayhem in 1995 it didn't last long. With a max. mintage of 50k and only 30k sold everyone had all the time they needed to pull the trigger.
@JimTyler said:
Yeah, even after recent updates to the website, the ERP ASE crashed the server like it was 1995! The Pd coin did not come close to that kind of mayhem.
If there was mayhem in 1995 it didn't last long. With a max. mintage of 50k and only 30k sold everyone had all the time they needed to pull the trigger.
I was referring to 1995 in terms of computer technology not the actual 1995 ASE.
@JimTyler said:
Did we even order the 1995 on the computer ? I don't even remember. Sure it still wasn't low tech ?
No, most computer sales didn't mature till closer to 2000. That is my point. If anyone remember 1995, it was common to get the kind of bandwidth crashing we just saw on the Mint website. In the early 2000s, on busy days, Amazon would even crash.
My reference had nothing to do with coins or the ASE. The Mint website server behaved like it had been made in 1995.
@SONOMOSCA said:
I don't get the hold up. Two orders on the first day, one with the higher order # shipped yesterday other still in processing. Three orders on Friday, all still in processing. All cards were dinged and one paid with Mint GC shows amount deducted. All orders received confirmation emails. At this point I'm thinking I may only get the one... I'd be fine with that as long as the COA was 00001 with Signature!
Were you personally able to place both orders on Thursday and 3 on Friday?
@Sweetpie said:
Maybe getting slight OT, but was there any buying frenzy before the CPU was popular?
Yes, there was probably a mad rush to the mail box to send in those orders for those annual sets...
Do you old experience folks have to get on a horse and buggy and race to the P.O. and do a Pony Express...Express mail?
What was that sonny? Speak louder into my hearing aid, or I'll have to beat you with my cane...
I first bought from the Mint in 1999 (20 years? That's kinda depressing.), and they were online then.
PBGS's computer systems were just crap, and couldn't handle any significant load.
If you thought Thursday was bad, think trying the same thing for an hour or more, only to find out you were backordered, and could be cancelled at any time.
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Yes but by the time it gets to you in two weeks or so the value of this will have gone up even more and your temptation to sell would’ve been tempered.
@MilesWaits said:
Yes but by the time it gets to you in two weeks or so the value of this will have gone up even more and your temptation to sell would’ve been tempered.
Exactly...it WILL arrive....the challenge has been completed. Just the wait remains
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
I would blame PFSWEB for that not Smartpost. Bad as they are, they don't even have it yet
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Looks like some of them are starting to push $1,000. These are the last page of the auctions (not buy it nows). Looks like that one that was opened was hurt slightly and went for only $830. I'm glad I didn't sell right away. Gonna feel it out for a bit.
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Mine shipped FedEx SmartPost yesterday. It's sitting 200 miles from me right now and scheduled for delivery Monday the 25th!
The trick on ebay is to find a price that you feel is the going market rate but that the buyer is also comfortable with and won't try to return it in a few weeks if the price drops. You could sell one for $900 right now, but will that bad boy come back to you if they drop to $600?
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Wonder when all those ~$350 sales from 11/13 will ship?
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Wonder when all those ~$350 sales from 11/13 will ship?
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
@SONOMOSCA said:
I don't get the hold up. Two orders on the first day, one with the higher order # shipped yesterday other still in processing. Three orders on Friday, all still in processing. All cards were dinged and one paid with Mint GC shows amount deducted. All orders received confirmation emails. At this point I'm thinking I may only get the one... I'd be fine with that as long as the COA was 00001 with Signature!
This sounds similar to what happened with the Pd’s. The first order shipped but the other orders were cancelled.
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
Yes. Expected delivery is this Friday, but in reality probably Monday or Tuesday, maybe even Wed... the usual.
@3stars said:
The trick on ebay is to find a price that you feel is the going market rate but that the buyer is also comfortable with and won't try to return it in a few weeks if the price drops. You could sell one for $900 right now, but will that bad boy come back to you if they drop to $600?
Here's hoping they all get returned to the people who cancelled their sales at $500-$600. Be lovely if they got stuck with $15 in PayPal fees on the return and got the coin back just in time to sell it for $400! LOL
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
Yes, all 3 of mine and 2 of my suppliers all shipped. Economy doesn't really ship any slower than the overnight, it just takes longer after it was shipped. I'll almost never pay the $20 upgrade since the last time I paid it and it took them 4 days to get it in the mail anyway.
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
\
This is NOT a good sign. It is behaving somewhat frothy. That means it could ramp up quick and then the bubble bursts just as quickly. There's no reason for such behavior except sheer speculation. There will never be more available for sale than there are right now.
@3stars said:
The trick on ebay is to find a price that you feel is the going market rate but that the buyer is also comfortable with and won't try to return it in a few weeks if the price drops. You could sell one for $900 right now, but will that bad boy come back to you if they drop to $600?
Here's hoping they all get returned to the people who cancelled their sales at $500-$600. Be lovely if they got stuck with $15 in PayPal fees on the return and got the coin back just in time to sell it for $400! LOL
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
Yes, all 3 of mine and 2 of my suppliers all shipped. Economy doesn't really ship any slower than the overnight, it just takes longer after it was shipped. I'll almost never pay the $20 upgrade since the last time I paid it and it took them 4 days to get it in the mail anyway.
Does your mint order show a tracking number yet? Just got the "magic" email.
@3stars said:
The trick on ebay is to find a price that you feel is the going market rate but that the buyer is also comfortable with and won't try to return it in a few weeks if the price drops. You could sell one for $900 right now, but will that bad boy come back to you if they drop to $600?
Here's hoping they all get returned to the people who cancelled their sales at $500-$600. Be lovely if they got stuck with $15 in PayPal fees on the return and got the coin back just in time to sell it for $400! LOL
Even $400 isn't a bad price.
Absolutely not. But after you sold it for $500 and canceled the sale - at the risk of your immortal soul - so you could sell it again at $900, you deserve to get it back and end up with $400 (minus the round-trip eBay shipping and the retained PayPal fees).
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
Yes, all 3 of mine and 2 of my suppliers all shipped. Economy doesn't really ship any slower than the overnight, it just takes longer after it was shipped. I'll almost never pay the $20 upgrade since the last time I paid it and it took them 4 days to get it in the mail anyway.
Does your mint order show a tracking number yet?
Yes, all of them have shipped. But they shipped economy. Last year, I paid for overnight because I wanted to get them quickly - I got them 5 days later because the Mint took 4 days to post them. Overnight doesn't mean immediate shipping, it means you get the overnight service whenever they get around to shipping it. I just don't think it's worth the price of the upgrade.
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
A family member's 12:03 EST order shipped last Friday. My coin, a 12:13 EST order, was marked as shipped Monday morning. Both were economy. I don't think they are necessarily doing things in a first come, first serve order necessarily. They certain didn't send out confirmation emails like that - it was in batches.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Looks like some of them are starting to push $1,000. These are the last page of the auctions (not buy it nows). Looks like that one that was opened was hurt slightly and went for only $830. I'm glad I didn't sell right away. Gonna feel it out for a bit.
Me too. Now the next question for me is should I slab it or not?
@JimTyler said:
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Looks like some of them are starting to push $1,000. These are the last page of the auctions (not buy it nows). Looks like that one that was opened was hurt slightly and went for only $830. I'm glad I didn't sell right away. Gonna feel it out for a bit.
Also note that the coin that sold for $830 was "in hand" and obviously opened. The other sets are presumably sealed (the "confirmed" order text or the use of the Mint's stock photo suggesting that it hasn't been opened). If this trend continues, it would suggest a premium for unopened sets.
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Mine shipped FedEx SmartPost yesterday. It's sitting 200 miles from me right now and scheduled for delivery Monday the 25th!
Mine shipped Fri/15th and is supposed to arrive Wed/27th. That's messed up.
Whatever...I paid for slow shipping. I'm getting my money's worth.
Lance.
@opportunity said:
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Has anyone who chose economy shipping had a shipped notice yet?
Yeah, mine got shipped last night, got the order in on the morning of 11/15.
I was waiting for the dreaded cancellation message, but mine is on it's way! Smartpost, but on it's way!
Comments
Ok - we are talking about maybe the 2018 Pd being CLOSEST in term of a BUYING FRENZY. Not just from the base collectors.
A mere sell-out in minutes. Price sustainable after a few months although Pd did went down but still a nice premium over Mint cost+rise in PM.
Granted this Silver Eagle is just in the 1st inning...
Mine came today ordered Friday. Isn't she a beauty.
Obverse
Reverse
I see some mild friction on the high points. The edge dings might be enough to get it in a detailed holder.
The next great frontier - slabbing unopened boxes! The only way to guarantee they stay unopened.
Thursday's really shipped? or "label created" and emailed as "shipped"
I think the closest thing that's come to the ERP ASE is the 2011 5-coin 25th Anniversary ASE set.
100K product limit, with two coins unique. 5 HHL, so that meant 20K orders. (Most bought 5. Like me.
)
The 2018 palladium doesn't come close to products like that. The 2014 BBHoF was probably on par with the 2018 Pd, it was amazing how well received that commem was.
Yeah, even after recent updates to the website, the ERP ASE crashed the server like it was 1995! The Pd coin did not come close to that kind of mayhem.
Viewed through the context of number of collectors, I really don't think anything comes close to the ERP ASE. They do sell hundreds of thousands of proof ASE's annually. 30,000 against hundreds of thousands...what other Mint coin comes close? The Pd coin was pretty much 15,000 against 15,000. Even the 2011 set was 100k against maybe 500k buyer base. HOF is harder to assess as a one-off commem.
We may not see the same mayhem for another Mint product for a loooong time...
Or Ryder will issue a Kennedy Half with a mintage limit of 10,000 next year to really test the server bandwidth.
If you consider percentage price gains, even flip gains for the others, I don't think any of the above beats the $65 elusive one
Some PMD on the lower right reverse, too.
Don't forget the Early Boxed or First Boxed labels...
Yeah, even after recent updates to the website, the ERP ASE crashed the server like it was 1995! The Pd coin did not come close to that kind of mayhem.
If there was mayhem in 1995 it didn't last long. With a max. mintage of 50k and only 30k sold everyone had all the time they needed to pull the trigger.
I was referring to 1995 in terms of computer technology not the actual 1995 ASE.
Did we even order the 1995 on the computer ? I don't even remember. Sure it still wasn't low tech ?
No, most computer sales didn't mature till closer to 2000. That is my point. If anyone remember 1995, it was common to get the kind of bandwidth crashing we just saw on the Mint website. In the early 2000s, on busy days, Amazon would even crash.
My reference had nothing to do with coins or the ASE. The Mint website server behaved like it had been made in 1995.
I get it now. That was the worst I ever remember the website during a rush.
Were you personally able to place both orders on Thursday and 3 on Friday?
Maybe getting slight OT, but was there any buying frenzy before the CPU was popular?
Do you old experience folks have to get on a horse and buggy and race to the P.O. and do a Pony Express...Express mail?
You're correct horse and buggy. It was a crazy race to the mint. Some folks put blades on their wheels like the old Roman Gladiators, it was mayhem.
Yes, there was probably a mad rush to the mail box to send in those orders for those annual sets...
What was that sonny? Speak louder into my hearing aid, or I'll have to beat you with my cane...
I first bought from the Mint in 1999 (20 years? That's kinda depressing.), and they were online then.
PBGS's computer systems were just crap, and couldn't handle any significant load.
If you thought Thursday was bad, think trying the same thing for an hour or more, only to find out you were backordered, and could be cancelled at any time.
It was... exciting. Sorta.
This morning 11/19 I was able to get one in the cart then freeze then unavailable.
Someone remind me to never use economy shipping from the mint again. I had forgotten how lousy Fedex's Smartpost is. Mine has had a shipping label since yesterday but still hasn't been scanned in.
Early American Copper, Bust and Seated.
Yes but by the time it gets to you in two weeks or so the value of this will have gone up even more and your temptation to sell would’ve been tempered.
Yes, 1 of 2 on Thursday and 1 of 3 on Friday. All with Fedex snail mail as I didn't see the need for next day but I think I'm starting to... lol.
Exactly...it WILL arrive....the challenge has been completed. Just the wait remains
I would blame PFSWEB for that not Smartpost. Bad as they are, they don't even have it yet
No
Back then, hot items all got sold out the back door to dealers.
After the back door closed, it was pretty much all unlimited montage annual sets
You guys got a $500+++ coin for 65 bucks and you have to think to spend for overnight ? I may not sell it until a time when I would have gotten it slow boat but I have a choice.
Me too...
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
There are now multiple confirmed sales on eBay for raw coins in the $900+ range.
Looks like some of them are starting to push $1,000. These are the last page of the auctions (not buy it nows). Looks like that one that was opened was hurt slightly and went for only $830. I'm glad I didn't sell right away. Gonna feel it out for a bit.
Early American Copper, Bust and Seated.
Mine shipped FedEx SmartPost yesterday. It's sitting 200 miles from me right now and scheduled for delivery Monday the 25th!
The trick on ebay is to find a price that you feel is the going market rate but that the buyer is also comfortable with and won't try to return it in a few weeks if the price drops. You could sell one for $900 right now, but will that bad boy come back to you if they drop to $600?
Wonder when all those ~$350 sales from 11/13 will ship?
Nevervember the 32nd.
Early American Copper, Bust and Seated.
Has anyone who chose economy shipping had a shipped notice yet?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
This sounds similar to what happened with the Pd’s. The first order shipped but the other orders were cancelled.
Yes. Expected delivery is this Friday, but in reality probably Monday or Tuesday, maybe even Wed... the usual.
Here's hoping they all get returned to the people who cancelled their sales at $500-$600. Be lovely if they got stuck with $15 in PayPal fees on the return and got the coin back just in time to sell it for $400! LOL
Yes, all 3 of mine and 2 of my suppliers all shipped. Economy doesn't really ship any slower than the overnight, it just takes longer after it was shipped. I'll almost never pay the $20 upgrade since the last time I paid it and it took them 4 days to get it in the mail anyway.
\
This is NOT a good sign. It is behaving somewhat frothy. That means it could ramp up quick and then the bubble bursts just as quickly. There's no reason for such behavior except sheer speculation. There will never be more available for sale than there are right now.
Even $400 isn't a bad price.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Does your mint order show a tracking number yet? Just got the "magic" email.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Absolutely not. But after you sold it for $500 and canceled the sale - at the risk of your immortal soul - so you could sell it again at $900, you deserve to get it back and end up with $400 (minus the round-trip eBay shipping and the retained PayPal fees).
When it shows shipped you get a tracking number
Yes, all of them have shipped. But they shipped economy. Last year, I paid for overnight because I wanted to get them quickly - I got them 5 days later because the Mint took 4 days to post them. Overnight doesn't mean immediate shipping, it means you get the overnight service whenever they get around to shipping it. I just don't think it's worth the price of the upgrade.
A family member's 12:03 EST order shipped last Friday. My coin, a 12:13 EST order, was marked as shipped Monday morning. Both were economy. I don't think they are necessarily doing things in a first come, first serve order necessarily. They certain didn't send out confirmation emails like that - it was in batches.
Me too. Now the next question for me is should I slab it or not?
Also note that the coin that sold for $830 was "in hand" and obviously opened. The other sets are presumably sealed (the "confirmed" order text or the use of the Mint's stock photo suggesting that it hasn't been opened). If this trend continues, it would suggest a premium for unopened sets.
My 12:11 Friday order it's not due until Monday.
How were you able to order at 12:11 on Friday? They were sold out in jig time Friday morning. I don't think they add more throughout the day do they?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Mine shipped Fri/15th and is supposed to arrive Wed/27th. That's messed up.
Whatever...I paid for slow shipping. I'm getting my money's worth.
Lance.
Yeah, mine got shipped last night, got the order in on the morning of 11/15.
I was waiting for the dreaded cancellation message, but mine is on it's way! Smartpost, but on it's way!