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Poll Results of your U.S. Mint 2024 lottery "230th Anniversary Flowing Hair Silver Medal"

OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

Poll Results of your U.S. Mint 2024 lottery "230th Anniversary Flowing Hair Silver Medal"

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  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    Okay, nothing is black and white, that's for sure. There's always room for another option and I should have added the "OTHER" box to check...for those that buy more than one of course, and leave one sealed, and open another, or open two and get one of each...the possibilities are practically endless, good thing you can explain your choice if you'd like here in the comments box. I imagine there could be someone out there that gets four and could check off each choice in the poll.

  • pointfivezeropointfivezero Posts: 1,848 ✭✭✭✭✭

    Prices for sealed boxes are now over $200 on eBay. Largely due to supply and demand. Unlike past Mint releases, there are very few sealed box listings (I count only four). Most people are swinging for the fences rather than settling for singles. If this trend continues, I see sealed boxes reaching $300 as long as there as still privy’s in the wild.

    Tim

  • .... Posts: 413 ✭✭✭✭

    Already seeing listings of privy coins in hand (doesn’t look like a dealer) and ready to ship to any buyers. Sad that so many are only in to buying and hawking on eBay as quick as they can….and the true collectors get screwed since they have to pay through the nose to get a specimen for their collection.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,394 ✭✭✭✭✭

    Pocket piece for me.

  • ProofCollectionProofCollection Posts: 6,304 ✭✭✭✭✭

    The upside of opening largely outweighs the the small profit of selling a sealed box.

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    @ProofCollection said:
    The upside of opening largely outweighs the the small profit of selling a sealed box.

    Many are saying these are arriving in just bubble wrap envelopes...unusual for the mint.

  • CregCreg Posts: 561 ✭✭✭✭

    This seller asks $499.00 and has sold one—nine available.

  • batumibatumi Posts: 819 ✭✭✭✭

    @NJCoin said:

    Yup. It's called a free market. "True collectors" are also free to just say no.

    The irony is that the majority of folks on this very forum thought the privy detracted from the look of the medal, and absolutely hated it when the Mint first posted images, and we thought they would all have the privy. Now that it's limited to 1794, we all want one, and "true collectors get screwed since they have to pay through the nose to get a specimen for their collection."

    True collectors can also just call BS on how they were mostly placed in the hands of those allowed to buy in bulk, to turn around and sell to us at an extreme mark up, and simply decide they don't need a "specimen for their collection." Especially those who would have shunned them if all 75K medals had them. JMHO.

    I always liked it, really hope mine has one when it arrives, but would NEVER consider paying thousands upon thousands of dollars for an artificial rarity containing $31.87 worth of silver. And I honestly do not feel as though my life will be incomplete if my collection does not contain one.

    The privy mark looks like a blem imho. Hard pass to the latest gimmick by USM even though I likely will aquire a 'regular piece in the secondary market as I do find the medal attractive.

  • @pointfivezero said:
    Prices for sealed boxes are now over $200 on eBay. Largely due to supply and demand. Unlike past Mint releases, there are very few sealed box listings (I count only four). Most people are swinging for the fences rather than settling for singles. If this trend continues, I see sealed boxes reaching $300 as long as there as still privy’s in the wild.

    Tim

    Reminds me of the market in sportscards for factory sealed boxes of hobby and retail packs.

  • jmlanzafjmlanzaf Posts: 34,763 ✭✭✭✭✭

    "True collectors"... worst term in numismatics. It has no meaning and is simply tossed some as a pejorative.

    I bet more than half of the people flipping these consider themselves "true collectors". They would just rather take the profits from a Mint medal to buy an actual coin.

  • pointfivezeropointfivezero Posts: 1,848 ✭✭✭✭✭

    @Creg said:
    This seller asks $499.00 and has sold one—nine available.

    Interesting in that no one else has described these arriving in corrugate boxes. Stock photo of a different Mint release?

    Tim

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    Mail is slow here, still waiting for mine.

  • JimTylerJimTyler Posts: 3,456 ✭✭✭✭✭

    @pointfivezero said:

    Interesting in that no one else has described these arriving in corrugate boxes. Stock photo of a different Mint release?

    Tim

    I got two yesterday both boxes

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    Finally showed up today, not opening until Thursday...just a little more suspense...

  • MsMorrisineMsMorrisine Posts: 33,370 ✭✭✭✭✭

    @Onastone said:
    Finally showed up today, not opening until Thursday...just a little more suspense...

    don't blow the return time frame just in case it is damaged

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • GRANDAMGRANDAM Posts: 8,547 ✭✭✭✭✭

    Did the Mint ship in both boxes and bags? Did the boxes have the Privy Mark coins?

    GrandAm :)
  • jmlanzafjmlanzaf Posts: 34,763 ✭✭✭✭✭

    @GRANDAM said:
    Did the Mint ship in both boxes and bags? Did the boxes have the Privy Mark coins?

    Yes. No.

  • MilesWaitsMilesWaits Posts: 5,378 ✭✭✭✭✭

    I received my single in a bubble mailer and the double in a box.

    Now riding the swell in PM's and surf.
  • VanHalenVanHalen Posts: 4,057 ✭✭✭✭✭

    Like most mint releases you'll need to get in and get out quick. The prices won't hold and you can make your best money right now. Been that way for decades.

    This applies to Flippers only of course. Matters not if you decide to keep yours.

  • VanHalenVanHalen Posts: 4,057 ✭✭✭✭✭

    @ProofCollection said:
    The upside of opening largely outweighs the the small profit of selling a sealed box.

    In the long run yes. In the short run with sealed boxes going for over $300 they need to be sold quickly. That price makes no sense with a 2.4% chance. If you're a gambler you'd go broke if you're paying over $200 for a sealed box. It's 8th grade algebra.

  • 124Spider124Spider Posts: 956 ✭✭✭✭✭

    I'm not a gambler, so this game has no appeal to me. But it's interesting that the US Mint is now sponsoring "gambling for coins."

  • NJCoinNJCoin Posts: 2,543 ✭✭✭✭✭
    edited October 23, 2024 12:55PM

    @124Spider said:
    I'm not a gambler, so this game has no appeal to me. But it's interesting that the US Mint is now sponsoring "gambling for coins."

    Sure is! But, it's how they sold 75,000 ounces of silver in 24 hours for $104 per ounce, and currently have people begging for more. So they are clearly on to something with this.

  • 124Spider124Spider Posts: 956 ✭✭✭✭✭

    @NJCoin said:

    Sure is! But, it's how they sold 75,000 ounces of silver in 24 hours for $104 per ounce, and currently have people begging for more. So they are clearly on to something with this.

    I have no problem with such games (although they hold no appeal to me), and I certainly have no problem with the Mint doing it. But can there be any better illustration of the fact that this arm of the Mint is just another for-profit vendor?

  • NJCoinNJCoin Posts: 2,543 ✭✭✭✭✭

    @124Spider said:

    I have no problem with such games (although they hold no appeal to me), and I certainly have no problem with the Mint doing it. But can there be any better illustration of the fact that this arm of the Mint is just another for-profit vendor?

    Nope. But it should come as no surprise, given where premiums have gone the past few years on all numismatic offerings containing precious metals.

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    Too bad you can't vote more than once, I had two regular ones when opened but could only put in a vote for one. Congrats to those finding those privies!!!

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    So to total out through October....34 opened with 4 privies. I had two opened so bump up the totals to 35 opened with 4 privies.

  • GoldminersGoldminers Posts: 4,137 ✭✭✭✭✭

    I had two opened as well, so 36, and I am sure many more were opened from folks here.
    I still do not see evidence yet of more than a few hundred of them for sale or sold.

    I do wonder if it is possible they minted 50,000 and distributed them with say 1,294 privies in a first batch. They had to mint 50,000, star-privy eagles for distribution this week to meet other stated commitments. Theoretically they could still come back with 25,000 FH and say they still have 500 privies distributed in them, and they would probably all sell out again even with a low HHL.

    We need the National Enquirer to investigate. Inquiring minds want to know the real story :)

  • OnastoneOnastone Posts: 3,997 ✭✭✭✭✭

    @Goldminers said:

    We need the National Enquirer to investigate. Inquiring minds want to know the real story :)

    We need a mole inside the mint.

  • johnny9434johnny9434 Posts: 28,486 ✭✭✭✭✭

    @Onastone said:

    Many are saying these are arriving in just bubble wrap envelopes...unusual for the mint.

    Yes, that is a bit odd

  • NJCoinNJCoin Posts: 2,543 ✭✭✭✭✭

    @johnny9434 said:

    Yes, that is a bit odd

    It's a money and time saving move that is the reason people received them so quickly. So it's probably the new normal for orders containing a single coin.

  • NJCoinNJCoin Posts: 2,543 ✭✭✭✭✭

    @Onastone said:

    We need a mole inside the mint.

    Just give Coin World a little time. They have historically been pretty good about reporting things like this.

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