Somewhat interesting (and surprising) that the RP set availability didn't decrease as significantly as the other options...considering that many believe that to be THE MOST PROMISING OPTION...but what do I know?
But regardless...I'm not seeing "massive" quantities still available with several months to go until these actually go on sale.
PS..were the Uncs always scheduled for the summer and the proofs for the fall? For some reason I thought these were all supposed to drop in the summer?
The split release schedule should also serve to mop up more sales down the line if the UNcs prove to be popular items.
@RichR said:
Somewhat interesting (and surprising) that the RP set availability didn't decrease as significantly as the other options...considering that many believe that to be THE MOST PROMISING OPTION...but what do I know?
But regardless...I'm not seeing "massive" quantities still available with several months to go until these actually go on sale.
PS..were the Uncs always scheduled for the summer and the proofs for the fall? For some reason I thought these were all supposed to drop in the summer?
The split release schedule should also serve to mop up more sales down the line if the UNcs prove to be popular items.
Fewer left. It also still has an HHL of only 5, doesn't it?
Waiting room BS on top of crazy prices made me rethink and cancel many items I was planning to pursue.
Prices are defintitely high on some items. Help me understand how the 'waiting room BS' impacted your planned purchases? If you had subscriptions, which are in place for most items, especially those subject to the waiting room, you would not be dealing the waiting room at all.
These are not insignificant daily % drops in availability...considering that many people don't have this on their radar [yet] and are procrastinators...not much will be available when these actually go on sale.
@SPalladino said:
Through today @ 8:30a PDT / 11:30a EDT:
Thank-you for the chart/numbers/percentages. Really puts things in perspective for us visual learners!
The RP seems to def. be the winner so far!
As for the proofs - your numbers show that the Mint overshot on the production vs. demand (time will tell).
The unc numbers look better...but just due to lower mintage numbers.
@RichR said:
These are not insignificant daily % drops in availability...considering that many people don't have this on their radar [yet] and are procrastinators...not much will be available when these actually go on sale.
I agree. I don't know why everyone here is so negative.
@SPalladino said:
Through today @ 8:30a PDT / 11:30a EDT:
Thank-you for the chart/numbers/percentages. Really puts things in perspective for us visual learners!
The RP seems to def. be the winner so far!
As for the proofs - your numbers show that the Mint overshot on the production vs. demand (time will tell).
The unc numbers look better...but just due to lower mintage numbers.
The limits are not necessarily production numbers. They can strike less. Some on this forum have argued for unlimited mintages on everything.
Re potential "overproduction"...doesn't the Mint also eventually melt down those silver/gold items that go unsold?
Seems like a self-correcting mechanism to me.
I'm also old enough to remember buying some of these "overproduced" but unsold items late in some calendar years...because suddenly the final numbers aren't so outrageous!
Thank-you for the chart/numbers/percentages. Really puts things in perspective for us visual learners!
The RP seems to def. be the winner so far!
As for the proofs - your numbers show that the Mint overshot on the production vs. demand (time will tell).
The unc numbers look better...but just due to lower mintage numbers.
RPs of Morgan/Peace Dollars have never been done before. That alone should make these hits. With a 5 set ordering limit there could be as few as 50,000 individual orders. Of course there will be more than that but under 100k is likely.
@VanHalen said:
RPs of Morgan/Peace Dollars have never been done before. That alone should make these hits. With a 5 set ordering limit there could be as few as 50,000 individual orders. Of course there will be more than that but under 100k is likely.
As I read your comment, I kept visualizing Magic Mike and the other Coin Pushers on TV, as to how they're going to promote this in the future. I think you're 100% rights...the fact that it's a 1st is going to drive up the premium for these. (I need to reach out to some more family members and tell them about their new US Mint account!!!)
Gee I hope so. The 2021 2-coin reverse proof ase’s had a brand new type 2 and they are available for Just over $200 on eBay so..,…..
I’m not a flipper so I’ll take my one set and dump it in the corner with the other 2- coin sets. There is one set I’d buy all I can get…. from the 2021 Redbook 😁
The enhanced reverse proof and Israeli coin set. I think the $180 is low for its value
Dear US Mint - I don't collect these, and I'm not about to start now. Regards, jmski.
I think it's about time that the Mint start rolling back their pricing, like any other retail operation must do when demand slacks off because of overpricing.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Dear US Mint - I don't collect these, and I'm not about to start now. Regards, jmski.
I think it's about time that the Mint start rolling back their pricing, like any other retail operation must do when demand slacks off because of overpricing.
Why would the Mint care what a non-customer thinks.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
How does selling 1 million of these show a lack of demand?
Why would the Mint care what a non-customer thinks.
Good point. I must've temporarily lost my mind.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
With silver at $23 and change, are you telling me that their breakeven point has to be above $75? Oh, nevermind. I forgot that we're talking about the Mint.
How does selling 1 million of these show a lack of demand?
I stand corrected. I had no idea that they had sold that many in 2022.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Why would the Mint care what a non-customer thinks.
Good point. I must've temporarily lost my mind.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
With silver at $23 and change, are you telling me that their breakeven point has to be above $75? Oh, nevermind. I forgot that we're talking about the Mint.
How does selling 1 million of these show a lack of demand?
I stand corrected. I had no idea that they had sold that many in 2022.
They didn't sell any in 2022. They didn't mint any. But they've got a million subscriptions for 2023.
@jmski52 said: Why would the Mint care what a non-customer thinks.
Good point. I must've temporarily lost my mind.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
With silver at $23 and change, are you telling me that their breakeven point has to be above $75? Oh, nevermind. I forgot that we're talking about the Mint.
How does selling 1 million of these show a lack of demand?
I stand corrected. I had no idea that they had sold that many in 2022.
They didn't sell any in 2022. They didn't mint any. But they've got a million subscriptions for 2023.
To be fair, that doesn't mean that they are necessarily going to be that sought after going forward. I think the flipper crowd jumped on these after the increased HHL... also undoubtedly the volume guys are having their entire staff order the max sub- and might have been doing the email blast thing with clients again.
I just updated the Morgan and Peace subscriptions spreadsheet.
1) Strange - the Peace proof subscription stock level dropped by nearly 40,000 in the last ~24 hours. Either it is a reporting glitch, or someone has a lot of "households" subscribing a max of 25 each.
2) If the current rate of subscription stock level decline holds for the Morgan unc., if will become unavailable to subscription in about two weeks or less....if
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@RichR said:
Those numbers are shrinking rapidly with MONTHS left...or am I misinterpreting something???
I've only been tracking since March 21 - 5 days after the mint announced the HHL increase. I cannot comment on the rate of "shrinkage" prior to March 21, but yes, I would agree with your interpretation.
Also, it is pure conjecture whether the rate of reduction of subscription stock is from additional individuals subscribing, or individuals increasing the number in their subscriptions, or some of both.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@jmski52 said: Why would the Mint care what a non-customer thinks.
Good point. I must've temporarily lost my mind.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
With silver at $23 and change, are you telling me that their breakeven point has to be above $75? Oh, nevermind. I forgot that we're talking about the Mint.
How does selling 1 million of these show a lack of demand?
I stand corrected. I had no idea that they had sold that many in 2022.
They didn't sell any in 2022. They didn't mint any. But they've got a million subscriptions for 2023.
To be fair, that doesn't mean that they are necessarily going to be that sought after going forward. I think the flipper crowd jumped on these after the increased HHL... also undoubtedly the volume guys are having their entire staff order the max sub- and might have been doing the email blast thing with clients again.
I didn't mention flipping. In fact, if you looked at my prior comments, I said the mintages are too high to be flippable. My response was to a post about alleged lack of demand. I'm not sure how selling a million commems could possibly be interpreted as lack of demand.
@RichR said:
I also agree that the Mint underestimated demand in 2021....and disappointed collectors in 2022 with no coins...and responded by attempting to spread the goods as far and wide as possible in 2023 (regardless of issue price).
Not sure why everything in life must now involve a multidimensional conspiracy theory these days...sometimes a cigar is just a cigar!
And I come from a time when everyone mailed their little paper order form to the Mint along with a check and happily waited months for your treasures to arrive...usually with no mintage limits announced in advance...and a HHL of 5 (or less)!
And sometimes, like Forrest Gump, you ended up with a special piece of chocolate!
So true. Apparently we now have too much transparency.
When they are hard to get, we complain. When they are easy to get, we complain. Life is too short to be always complaining.
I couldn't find the COMPLAIN button so just clicked the AGREE button!!!
The images posted on the mint do not appear to even resemble RP.
Sometimes RP looks really weird like a negative picture, other times it looks really nice...I have a feeling these are going to look awkward.
I love the mints attempt at throwing out an estimated price!!! Huge TBD on the actual item page,
tiny print upon closer inspection!!!
The images posted on the mint do not appear to even resemble RP.
Sometimes RP looks really weird like a negative picture, other times it looks really nice...I have a feeling these are going to look awkward.
I love the mints attempt at throwing out an estimated price!!! Huge TBD on the actual
An image of the 2013 enhanced uncirculated ase comes to mind as a glaring example of the picture really not doing Justice to the coin in hand.
Perhaps one of the more beautiful ase’s ever. Personal opinion ofcourse 😁.
Here’s Fiji attempt from last year.
I don’t know. We’ll have to wait and see. Being a first for the series there’s a good chance these will offend some purists but only the release will tell. 😁
I just took a quick look on eBay. These 2-coin sets seem to be doing nothing on resale market. 2019 2-coin pride set. Cost $139 with a nice lower mintage 125,000. Available for $150 😳
The 2021 $175 and lower mintage $220 or less. A little better but not much
Oh boy 😂
While not a commitment to buy, yet...PFS Buyers Club sent out an e-mail yesterday recommending all of their buyers increase their enrollment numbers to the new higher numbers. While PFS is clear that they are still waiting to see how these will shake out and that they are not committing to purchasing any, they want their buyers to be ready to buy via enrollment.
This action may lead to increase in enrollments in the next few days. I'm not sure how strong PFS is but they seem to have a large following for all sorts of in-demand items (and they pay the lowest too!)
Comments
Somewhat interesting (and surprising) that the RP set availability didn't decrease as significantly as the other options...considering that many believe that to be THE MOST PROMISING OPTION...but what do I know?
But regardless...I'm not seeing "massive" quantities still available with several months to go until these actually go on sale.
PS..were the Uncs always scheduled for the summer and the proofs for the fall? For some reason I thought these were all supposed to drop in the summer?
The split release schedule should also serve to mop up more sales down the line if the UNcs prove to be popular items.
Fewer left. It also still has an HHL of only 5, doesn't it?
Waiting room BS on top of crazy prices made me rethink and cancel many items I was planning to pursue.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
X> @privatecoin said:
Prices are defintitely high on some items. Help me understand how the 'waiting room BS' impacted your planned purchases? If you had subscriptions, which are in place for most items, especially those subject to the waiting room, you would not be dealing the waiting room at all.
Personally, for most items, the subscription process seems to be an excellent way to avoid waiting room hell...
Through today @ 8:30a PDT / 11:30a EDT:
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
These are not insignificant daily % drops in availability...considering that many people don't have this on their radar [yet] and are procrastinators...not much will be available when these actually go on sale.
Thank-you for the chart/numbers/percentages. Really puts things in perspective for us visual learners!
The RP seems to def. be the winner so far!
As for the proofs - your numbers show that the Mint overshot on the production vs. demand (time will tell).
The unc numbers look better...but just due to lower mintage numbers.
BST references available on request
You're welcome.
I agree.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
@SPalladino
👍🏼 I too appreciate taking time
Thanks
🎶 shout shout, let it all out 🎶
I agree. I don't know why everyone here is so negative.
The limits are not necessarily production numbers. They can strike less. Some on this forum have argued for unlimited mintages on everything.
Re potential "overproduction"...doesn't the Mint also eventually melt down those silver/gold items that go unsold?
Seems like a self-correcting mechanism to me.
I'm also old enough to remember buying some of these "overproduced" but unsold items late in some calendar years...because suddenly the final numbers aren't so outrageous!
RPs of Morgan/Peace Dollars have never been done before. That alone should make these hits. With a 5 set ordering limit there could be as few as 50,000 individual orders. Of course there will be more than that but under 100k is likely.
As I read your comment, I kept visualizing Magic Mike and the other Coin Pushers on TV, as to how they're going to promote this in the future. I think you're 100% rights...the fact that it's a 1st is going to drive up the premium for these. (I need to reach out to some more family members and tell them about their new US Mint account!!!)
BST references available on request
Gee I hope so. The 2021 2-coin reverse proof ase’s had a brand new type 2 and they are available for Just over $200 on eBay so..,…..
I’m not a flipper so I’ll take my one set and dump it in the corner with the other 2- coin sets. There is one set I’d buy all I can get…. from the 2021 Redbook 😁
The enhanced reverse proof and Israeli coin set. I think the $180 is low for its value
🎶 shout shout, let it all out 🎶
A couple of key unknowns:
-Price of silver.
-Proof aesthetics in hand. The enhanced photos are not good enough.
Dear US Mint - I don't collect these, and I'm not about to start now. Regards, jmski.
I think it's about time that the Mint start rolling back their pricing, like any other retail operation must do when demand slacks off because of overpricing.
I knew it would happen.
Price of silver is irrelevant. Silver could double and the price of these will go up 20%
Price of silver increases demand will increase. Resale pricing will firm up. Sellout will quicken "et cetera, et cetera, et cetera" (King of Siam).
Why would the Mint care what a non-customer thinks.
Good point. I must've temporarily lost my mind.
There is no point in selling more product at a loss, which the Mint did every year with commems until the piece increase.
With silver at $23 and change, are you telling me that their breakeven point has to be above $75? Oh, nevermind. I forgot that we're talking about the Mint.
How does selling 1 million of these show a lack of demand?
I stand corrected. I had no idea that they had sold that many in 2022.
I knew it would happen.
They didn't sell any in 2022. They didn't mint any. But they've got a million subscriptions for 2023.
To be fair, that doesn't mean that they are necessarily going to be that sought after going forward. I think the flipper crowd jumped on these after the increased HHL... also undoubtedly the volume guys are having their entire staff order the max sub- and might have been doing the email blast thing with clients again.
RIP Mom- 1932-2012
I just updated the Morgan and Peace subscriptions spreadsheet.
1) Strange - the Peace proof subscription stock level dropped by nearly 40,000 in the last ~24 hours. Either it is a reporting glitch, or someone has a lot of "households" subscribing a max of 25 each.
2) If the current rate of subscription stock level decline holds for the Morgan unc., if will become unavailable to subscription in about two weeks or less....if
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Those numbers are shrinking rapidly with MONTHS left...or am I misinterpreting something???
I've only been tracking since March 21 - 5 days after the mint announced the HHL increase. I cannot comment on the rate of "shrinkage" prior to March 21, but yes, I would agree with your interpretation.
Also, it is pure conjecture whether the rate of reduction of subscription stock is from additional individuals subscribing, or individuals increasing the number in their subscriptions, or some of both.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
I didn't mention flipping. In fact, if you looked at my prior comments, I said the mintages are too high to be flippable. My response was to a post about alleged lack of demand. I'm not sure how selling a million commems could possibly be interpreted as lack of demand.
I couldn't find the COMPLAIN button so just clicked the AGREE button!!!
The images posted on the mint do not appear to even resemble RP.
Sometimes RP looks really weird like a negative picture, other times it looks really nice...I have a feeling these are going to look awkward.
I love the mints attempt at throwing out an estimated price!!! Huge TBD on the actual item page,
tiny print upon closer inspection!!!
The Mint's artist renditions are always bad.
An image of the 2013 enhanced uncirculated ase comes to mind as a glaring example of the picture really not doing Justice to the coin in hand.
Perhaps one of the more beautiful ase’s ever. Personal opinion ofcourse 😁.
Here’s Fiji attempt from last year.
I don’t know. We’ll have to wait and see. Being a first for the series there’s a good chance these will offend some purists but only the release will tell. 😁
🎶 shout shout, let it all out 🎶
I just took a quick look on eBay. These 2-coin sets seem to be doing nothing on resale market. 2019 2-coin pride set. Cost $139 with a nice lower mintage 125,000. Available for $150 😳
The 2021 $175 and lower mintage $220 or less. A little better but not much
Oh boy 😂
🎶 shout shout, let it all out 🎶
While not a commitment to buy, yet...PFS Buyers Club sent out an e-mail yesterday recommending all of their buyers increase their enrollment numbers to the new higher numbers. While PFS is clear that they are still waiting to see how these will shake out and that they are not committing to purchasing any, they want their buyers to be ready to buy via enrollment.
This action may lead to increase in enrollments in the next few days. I'm not sure how strong PFS is but they seem to have a large following for all sorts of in-demand items (and they pay the lowest too!)
BST references available on request
I'm ignoring all the hoopla & hype....I'm still enrolled for 2 rev. proof sets.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor