Lewis & Clark pouch sets now sold out

TheNumish

Noticed on the mints web site that the Lewis & Clark Pouch sets are no longer available. Was planning on buying some but just couldn't do it. My brain told me I could make money on it but my heart said it was a bad deal. This time the heart won. Wonder what they will go up to.

darktone

I am sure they will go up. I would not be surprised if triple in price the next couple of years. mike

Bubblehead

Can anyone remember if this sell-out was as quick as the Buffalo Dollar?

ChodeLee

Let the show begin

MassFullStepper

Bubblehead....I believe that the Buffalo sold out in less than a week, where this set obviously took, what, starting on the 7th to the 29th.....21/22 days?

Conder101

Buffalo dollar C&C set sold out in 5 - 6 days (50,000 sets). Entire Buffalo mintage (500,000 coins) sold out in either 18 or 21 days. The L&C C&C set (50,000 sets) sold out in 14 days. This L&C pouch set (50,000 sets) has taken 23 days. The L&C dollar (total mintage, including the two limited edition sets, 500,000) has still not sold out.

Steve27

I expect to see them on ebay with no buyers after a short period of time.

RonMan

<< <i>The L&C C&C set (50,000 sets) sold out in 14 days. >>



I think these were sold out in 6 days.

Ron

BillJones

I don't get it.

A leather pouch and a box for $81 extra dollars. Some of the modern commemorative coin sets in cherrywood boxes, which are really pieces of art, bring no premiums. This thing sells out. Does not make any sense to me.

BigE

I am not into pretty mini-purses either--------------------BigE

baccaruda

Does not make any sense to me.

Amen to that. I honestly thought these would be sitting in their inventory for years, like the overpriced SAE watches and desk pen sets. There's no accounting for taste.


Let the show begin

Seems odd to me that someone would want to sell right before "the price skyrockets".

darktone

The last time I saw such negativeity towards a mint product was the 95-W silver eagle that could only be obtained in the gold set. I sure wish I would have bought ten of these. mike

kranky

I don't have any animosity towards the product, but I don't see where any aftermarket demand is going to materialize. A comparison to the 1995-W ASE isn't valid IMHO - at least that set was all coins, and it had a coin that couldn't be obtained any other way. As BillJones said, here's a $40 (issue price) coin which is overpriced to begin with, and another $80 tacked on for a pouch that I'd be hard-pressed to say has any real connection with coins. The pouch (at least on the website) seems a little underwhelming to me.

The coin is not rare in and of itself so there would have to be a lot of people who really want that pouch for there to be a lot of demand.

sliderider

I can't believe they found enough suckers to sell out. You can buy the coins without the pouch for far less.

EvilMCT

<< <i>The last time I saw such negativeity towards a mint product was the 95-W silver eagle that could only be obtained in the gold set. I sure wish I would have bought ten of these. mike >>



Difference here is that the L&C coin can be obtained in a variety of ways. The 95-W had to be purchased as part of a gold proof set that saw a limited run.

Ken

BillJones

I got it!

If you take the coin out of its capsule and store it in the pouch, you will get tannic toning. It might look like hell to many people, but since there seem to be a few folks who think that ANY sort of toning has potential to bring a premium price, perhaps that what we are seeing here ... An OFFCIAL coin toning kit marketed by the mint!

291fifth

While they were of no interest to me personally I did expect an easy sellout.

BillJones

I honestly found the Edison silver dollar packaged in the box with the little light bulb more interesting ... although I didn't order that one either despite the fact that it was priced a less than half the Lewis and Clark set.

darktone

I guess that was not the best comparrison but I am sure these will do good and the potential for great toning is another reason for them to up. mike

dpoole

This pouch thing may or may not have a secondary market, but it doesn't have anything to do with coins.

If I were a pouch collector, I might be interested. Otherwise, I'll just stay away from collectibles I don't really understand, like Beanie Babies, and stick with coins.

grip

Two different types of collectables,as stated by Dpool.I realy thought the pouch would be bigger than it is.
Anyone else thought this?

Al

wayneherndon

I'll never understand it but people go nuts for packaging. They pay excessive premiums in the secondary market for the state quarter mini-bags and rolls in the Black, Orange and White paper, for example. The right packaging can sometimes result in sales several multiples of the value of the coins themselves. I suspect we'll see the same thing happen with these. Even more interesting will be what happens when it becomes clear which pouches are rarer than others. What kind of premium will sealed boxes mean (a la the sealed GSA mystery boxes)? It is all quite intriguing.

WH

BigE

Is the pouch considered a sample slab?-------------BigE

grip

WH
Mine diden't come sealed?
Al

wayneherndon

Al, they're not in any kind of box, shrinkwrapped or anything?

WH

nucklehead

<< <i>I got it!

If you take the coin out of its capsule and store it in the pouch, you will get tannic toning. It might look like hell to many people, but since there seem to be a few folks who think that ANY sort of toning has potential to bring a premium price, perhaps that what we are seeing here ... An OFFCIAL coin toning kit marketed by the mint! >>

GAT

Wouldn't touch this piece of overpriced c__p with a 10 foot pole. The Mint is starting to treat collectors like idiots.

darktone

I am kind of thining these will tone also. Some of the pouches can be smelled across the room. I took a couple of the coins in the capsules and placed them in the stinky pouches hoping they will tone nicely. That's where the third coin from this picture is. mike

khayse

>I realy thought the pouch would be bigger than it is.
That was my thought exactly. That little thing they are selling is a change purse.
I would still buy it but not at the price they are asking.

-KHayse

darktone

They are exactly the size I expected- they have the coin pictured right next to it so it was easy to see the scale of it in mo opinion. mike

grip

WH
No shrink wrap,mine came all loose in a box,you just slide them out of a cardboard sleeve.
Al

shirohniichan

I have a love-hate relationship with Mint packaging (especially that of the Royal Canadian Mint). I find it fascinating that the exact same coins are sold with different packaging at really inflated prices.

While I thought it kind of cool to have such a strange packaging item in my collection, I couldn't justify paying the huge premium. My interest in all of it comes mostly from a historical interest in marketing ideas anyway.