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GAE Set Sales - 24 Hr Record?

7over87over8 Posts: 4,733 ✭✭✭
How does $26,100,000 in sales rack up against other large companies for a single 24 hr period?

$9,526,000,000 annualized. Some kind of record for a 24 hr period???

Comments

  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    Check out Walmarts annual sales....
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>How does $26,100,000 in sales rack up against other large companies for a single 24 hr period?

    $9,526,000,000 annualized. Some kind of record for a 24 hr period??? >>

    ExxonMobil made more than $9.526 billion in PROFIT last quarter. Not sales.
  • Apparently, the Mint could have sold 20,000 of these. Maybe next year !!
  • segojasegoja Posts: 6,112 ✭✭✭✭
    If these double in the secondary market, almost $50 Million, maybe more.
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  • 291fifth291fifth Posts: 23,898 ✭✭✭✭✭
    That's $26 million that isn't available for other numismatic purchases. It's going to have an impact on the coin market.
    All glory is fleeting.
  • No impact...many people will hold on to them....really not that many 10K...will not impact it at all.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>That's $26 million that isn't available for other numismatic purchases. It's going to have an impact on the coin market. >>

    True, but I suspect a lot of these sales were to speculators and not true numismatists.
  • Now say if the mintage was millions yes it would be impacted...
  • It is just a drop in the bucket...comparing to the whole market.
  • Doesn't really matter to me anyway.....I can't afford one set anyway.......Can I come over and drool on somebody's set when they arrive?
    This is a very dumb ass thread. - Laura Sperber - Tuesday January 09, 2007 11:16 AM image

    Hell, I don't need to exercise.....I get enough just pushing my luck.
  • itsnotjustmeitsnotjustme Posts: 8,777 ✭✭✭
    This may drive a lot of financial transaction reporting to the IRS. If I remember transactions over $10K must me reported. 4 3 coin gold sets will push you over. Be sure to sell only as single sets if you don't want the extra record of your sale.
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  • notwilightnotwilight Posts: 12,864 ✭✭✭
    $26M is nothing. I'm sure they won't jump forward but I'm sure there are individual board memebers whose collection is much more valuable than that. So if one of them liquidated their collection tomorrow would that impact the overall market?

    What is the total value of coins sold at the recent Heritage auction?



  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>$26M is nothing. I'm sure they won't jump forward but I'm sure there are individual board memebers whose collection is much more valuable than that. So if one of them liquidated their collection tomorrow would that impact the overall market?

    What is the total value of coins sold at the recent Heritage auction? >>

    Actually, I don't think there's "a" coin market in this context.

    Collectors of modest means who are trying to keep up with all the Mint's offerings are likely tapped out for other coins in their price range (for these purposes, say a couple hundred to a couple thousand bucks).

    For the type of person who has a $26M collection, this is probably not even a speed bump, let alone a barricade. So I wouldn't think this affects the market much on the high end...but lower in the numismatic food chain, I think it can have an effect.

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