Home U.S. Coin Forum

230th Anniversary Flowing Hair Silver Medal

124

Comments

  • coinercoiner Posts: 576 ✭✭✭✭

    I agree with this.....

    "The whole point behind coming up with the gimmick was to actually sell 75K. Not sell them and then have 30-40K come right back, for no reason other than that they aren't one of the special 1794. As I said before, if all they wanted to do was sell 1794 with a privy mark, they could have created a separate product for that, which would still have been a lottery, and eliminate returns from the equation."

    I would also add that if a separate product w/ lottery was the issue; or people had an issue getting thru to the site to purchase; then why not do a limit of 1 "dutch auction type" sale. i.e. the lowest bid for the 1,794th piece is the price everyone pays. Set a 6 hour limit to bid. Start at $104 and whatever it brings is the selling price.

  • coinercoiner Posts: 576 ✭✭✭✭

    edited to correct: lowest bid for one piece is price everyone pays. If auction has a high bidder of $1000 and the lowest bid is $400; then they all sell for $400. One each is the limit.

  • coinercoiner Posts: 576 ✭✭✭✭

    and none of these ideas will ever happen :)

  • GoldbullyGoldbully Posts: 17,303 ✭✭✭✭✭

    Of note...................

    LCR Coin raised their price another $200 since yesterday.


  • coinercoiner Posts: 576 ✭✭✭✭

    I happen to think the gold will be a hit. I suspect the 17,500 units will initially be an issue to sellout - but you never know (it might take a week or more)

  • coinercoiner Posts: 576 ✭✭✭✭

    the premium is too high. the dealers are usually $500 over mint issue for 70fs; maybe a little more for a 70 with advance label. I cant see $2800/over? Tells me one of two things.....this one will be tough to get and will sellout quick, or, the dealers are just overwhelmed with greed.

  • NJCoinNJCoin Posts: 2,162 ✭✭✭✭✭
    edited October 12, 2024 8:04AM

    @coiner said:
    Posted on a Numismatic Blog site , following USM updates for the 2024 Flowing Hair Gold - however, this post was dated Sept 16th; obviously not confirmed if anything has changed:

    "There is said to be no presales for ABPP, or Numismatic Bulk programs, which makes this release that much tougher to get. The Retail Price has increased due to the large spike in recent gold prices."

    Okay, well a "Numismatic Blog site" is not official or authoritative, so it shouldn't be relied upon, or even cited to support anything. Beyond the post now being a month old, we now have one of the founders of CACG offering Advance Release coins for sale.

    To me that looks like confirmation. Not that anything changed, but that the post on the "Numismatic Blog site" was nothing more than uninformed BS in the first place.

  • LiquidatedLiquidated Posts: 251 ✭✭✭

    @NJCoin said:

    @Liquidated said:
    Presale offers basically on top of upcoming offering price.

    Yeah, they're just getting what they can, while they can. Playing off the frenzy that is going to make them difficult to impossible to get directly from the Mint on 10/15.

    The reality, though, for anyone paying attention who understands how this is going to work, is that literally thousands are going to be returned to the Mint by the general public when they don't have privy marks.

    And thousands more are going to be dumped on the market by the dealers obtaining them through the Advance Release and bulk purchase program, since there is not going to be organic demand for 75K of them at $104, $109, $129, or anything close.

    Just have to let the early birds do what early birds do, and then allow the dust to settle. These very dealers will be selling the medals way below their cost. Which will be fine, because they will also be selling the ones with the privy marks, that they will also be buying directly from the Mint for $104, less whatever bulk discount they receive, for several thousand dollars each.

    Windfall for the dealers. Screw job for the rest of us.

    The silver has grown on me and for $129 to receive a slabbed MS69 makes sense.

    A lot of negativity on the medal but it is still a beautiful design. In the end it is just a stamped piece of metal not designated for commerce like all other new collectors silver products. See no reason to dismiss this because it is a medal.

  • NJCoinNJCoin Posts: 2,162 ✭✭✭✭✭
    edited October 12, 2024 8:11AM

    @Liquidated said:

    @NJCoin said:

    @Liquidated said:
    Presale offers basically on top of upcoming offering price.

    Yeah, they're just getting what they can, while they can. Playing off the frenzy that is going to make them difficult to impossible to get directly from the Mint on 10/15.

    The reality, though, for anyone paying attention who understands how this is going to work, is that literally thousands are going to be returned to the Mint by the general public when they don't have privy marks.

    And thousands more are going to be dumped on the market by the dealers obtaining them through the Advance Release and bulk purchase program, since there is not going to be organic demand for 75K of them at $104, $109, $129, or anything close.

    Just have to let the early birds do what early birds do, and then allow the dust to settle. These very dealers will be selling the medals way below their cost. Which will be fine, because they will also be selling the ones with the privy marks, that they will also be buying directly from the Mint for $104, less whatever bulk discount they receive, for several thousand dollars each.

    Windfall for the dealers. Screw job for the rest of us.

    The silver has grown on me and for $129 to receive a slabbed MS69 makes sense.

    A lot of negativity on the medal but it is still a beautiful design. In the end it is just a stamped piece of metal not designated for commerce like all other new collectors silver products. See no reason to dismiss this because it is a medal.

    Great. But it's not going to make so much sense if you'll be able to find one for $69 before the end of the year. Which I think is highly likely if dealers are going to be collectively buying thousands upon thousands of them in order to get their hands on a few with privy marks.

    By the way, I agree with you on the merits of the piece, and it honestly does not matter to me whether or not it is monetized due to some quirk in the Mint's authority to produce coins as opposed to medal. Aside from that, an ounce of silver is not worth $104, or $129, with a mintage of 75,000, regardless of whether it's designated a coin or a medal.

    Which is why the Mint has resorted to this gimmick to sell 75,000 at $104. When the dust settles, slabbed MS69s won't be trading anywhere near $129. Nothing at all special about a MS69. All that means is that it's not a sought after perfect MS70.

  • percybpercyb Posts: 3,324 ✭✭✭✭

    Not interested in this medal at that price.

    Would that it were a coin.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • NJCoinNJCoin Posts: 2,162 ✭✭✭✭✭
    edited October 12, 2024 8:22AM

    @percyb said:
    Not interested in this medal at that price.

    Would that it were a coin.

    Tomato, tomahto. Why would it saying $1 make a difference to you? It's a US Mint product either way. Would you actually want to spend it? If so, I'm quite sure you will always be able to find someone to give you at least $1 for one.

    For all intents and purposes, it is a coin. Made in the exact same factory as coins, on the exact same planchets as coins. It's a coin that has not been monetized, solely because Congress, for no apparent reason, has given the Mint the authority to monetize any gold round that it wants to, but not silver.

    Not sure why you would allow that arbitrary quirk to dictate what you're interested in and what doesn't interest you. But, of course, you should always feel free to do you.

  • VanHalenVanHalen Posts: 3,968 ✭✭✭✭✭

    How much is the gold piece?

  • MetroDMetroD Posts: 2,191 ✭✭✭✭✭

    @VanHalen said:
    How much is the gold piece?

    From the Mint, TBD.

    They will use their pricing table to set a price just prior to release.

    Right now, there is not even a column for this item. That said, most expect it to be around the pricing for the American Liberty, or L&B International Collaboration.

  • jclovescoinsjclovescoins Posts: 1,910 ✭✭✭✭✭

    I would like a gold and a silver. Don't see any need to return the silver, even without the privy. These should hold their value with the awesome design.

  • sfs2002usasfs2002usa Posts: 846 ✭✭✭

    JUST Made it into the waiting room !

  • GoldbullyGoldbully Posts: 17,303 ✭✭✭✭✭

    T - 4


  • ProofCollectionProofCollection Posts: 6,112 ✭✭✭✭✭

    Order placed.

  • sfs2002usasfs2002usa Posts: 846 ✭✭✭

    Placed at 01:30 order 39xxx

  • EggerEgger Posts: 421 ✭✭

    that was quick, order in

  • blu62vetteblu62vette Posts: 11,922 ✭✭✭✭✭

    got my order in!

    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • PeyroguyPeyroguy Posts: 100 ✭✭✭

    That was easy, got one

  • pragmaticgoatpragmaticgoat Posts: 853 ✭✭✭

    that was a much better experience

    BST references:
    jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
    jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
  • JeffMJeffM Posts: 587 ✭✭✭✭

    Got my order in and completed within 1 minute at 11:00 am CT. I wrote to Ventris and asked her to send me a privy version with a signed COA. She said she will think about it and get back to me. I can’t wait!!

  • ChrisH821ChrisH821 Posts: 6,487 ✭✭✭✭✭

    Just placed my order, no problems at all.

    Collector, occasional seller

  • Mr Lindy Mr Lindy Posts: 1,094 ✭✭✭✭✭
    edited October 15, 2024 4:36PM

    "Its a medal, not a coin."

    1794 $ was like a 2024 medal from today's perspective in that it had no denomination, right ? How did people know way back then if they had a dollar of half ? Did denomination rely on what 1794 $ and Half's edge lettering stated it was ?

  • MsMorrisineMsMorrisine Posts: 33,017 ✭✭✭✭✭

    1794 to 2024. relief is still a complaint

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • WQuarterFreddieWQuarterFreddie Posts: 2,663 ✭✭✭✭✭

    Been away for a while. Shocked to see multiple threads on the same topic. 😂🤣

    I just bought my lottery ticket. 🤞

    Still available on the website 😎

  • MtW124MtW124 Posts: 414 ✭✭✭✭

  • JeffMJeffM Posts: 587 ✭✭✭✭

    @MtW124 said:

    Yeah, interesting how this medal became unavailable right after the household limit was removed. My guess is dealers and flippers bought these up in search for the privy marks. There will be tons of these medals with no privy returned to the mint. If you’re still looking to buy this medal, hang tight. They’ll be back soon. Just don’t hope for one with a privy.

  • JeffMJeffM Posts: 587 ✭✭✭✭

    Check out the prices of the privy Flowing Hair on eBay - even before they are received. These people are nuts. But, anyone buying these is a lot more nuts!!

  • jshaulisjshaulis Posts: 839 ✭✭✭✭

    Buy offers are now showing up.

    Successful transactions with forum members commoncents05, dmarks, Coinscratch, Bullsitter, DCW, TwoSides2aCoin, Namvet69 (facilitated for 3rd party), Tetromibi, ProfLizMay, MASSU2, MWallace, Bruce7789, Twobitcollector, 78saen, U1chicago, Rob41281

  • bramn8rbramn8r Posts: 839 ✭✭✭✭✭

    I ordered mine, here’s to hoping I’m 1 of 230 with privy marks.

  • Mr Lindy Mr Lindy Posts: 1,094 ✭✭✭✭✭

    One of 1,794 with privy out of 75,000 struck

  • sfs2002usasfs2002usa Posts: 846 ✭✭✭

    BIG Surprise - Order has shipped already ! Any one else ???

  • Bigbuck1975Bigbuck1975 Posts: 1,260 ✭✭✭✭✭

    Mine is here by noon tomorrow

  • smartdriversmartdriver Posts: 82 ✭✭
    edited October 18, 2024 2:58PM

    How does one know if it has a privy mark? Does my order number tell me if I’m in line for privy coin?

  • NJCoinNJCoin Posts: 2,162 ✭✭✭✭✭

    @smartdriver said:
    How does one know if it has a privy mark?

    By looking at it. It's not hidden, and the medal does not come with a secret decoder ring. 🤣

    Do you know what a privy mark is? If not, why are you chasing one?

  • Dave99BDave99B Posts: 8,528 ✭✭✭✭✭

    I’ve personally never been interested in these type of things, but to each his own. If someone gets one, please post a few pics.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • WQuarterFreddieWQuarterFreddie Posts: 2,663 ✭✭✭✭✭

    @smartdriver said:
    How does one know if it has a privy mark? Does my order number tell me if I’m in line for privy coin?

    One with privy mark and one without for your reference.

  • mlittlemlittle Posts: 140 ✭✭✭

    @WQuarterFreddie said:

    @smartdriver said:
    How does one know if it has a privy mark? Does my order number tell me if I’m in line for privy coin?

    One with privy mark and one without for your reference.

    Gee, they look almost identical :)

  • smartdriversmartdriver Posts: 82 ✭✭
    edited October 18, 2024 11:23PM

    apologies for the unclear question. I know where the privy mark is, I meant when making my order, how will I know if I’ll get privy on my order before arriving?

  • JimTylerJimTyler Posts: 3,375 ✭✭✭✭✭
    edited October 19, 2024 3:09AM

    @smartdriver said:
    apologies for the unclear question. I know where the privy mark is, I meant when making my order, how will I know if I’ll get privy on my order before arriving?

    You won’t that’s why it’s like a lottery ticket

  • OnastoneOnastone Posts: 3,937 ✭✭✭✭✭

    I thought it was marked on the outside of the package: Privy Marked ;)

  • JeffMJeffM Posts: 587 ✭✭✭✭

    I hope the Mint is ready for the tens of thousands returns of this medal. That quick sell out when the HHL was lifted means lots going to dealers and flippers in search of the Holy Grail.

  • NJCoinNJCoin Posts: 2,162 ✭✭✭✭✭

    @JeffM said:
    I hope the Mint is ready for the tens of thousands returns of this medal. That quick sell out when the HHL was lifted means lots going to dealers and flippers in search of the Holy Grail.

    Yup. But, as of today, they can be flipped for more than $104 each. So going to the expense of returning coins with no damage, in quantity, which will necessarily involve the Mint not paying for shipping, and then having to wait for a refund to be processed, won't make sense.

    The question is whether people will sit on them to see what happens, or flip right away. I do expect the price to drop once the dust settles, but who knows? Maybe there is actual, organic demand for 75K at $104+. TBD.

  • MtW124MtW124 Posts: 414 ✭✭✭✭

    @NJCoin said:

    Yup. But, as of today, they can be flipped for more than $104 each. So going to the expense of returning coins with no damage, in quantity, which will necessarily involve the Mint not paying for shipping, and then having to wait for a refund to be processed, won't make sense.

    The question is whether people will sit on them to see what happens, or flip right away. I do expect the price to drop once the dust settles, but who knows? Maybe there is actual, organic demand for 75K at $104+. TBD.

    Ditto

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file