<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled.
TD >>
I'm thinking, like the Plat, they need to see what demand is. If there is not enough demand they are not going to fire up the presses for 50 coins.
So if they don't get enough orders with their bulk promotion, they'll just scrap the whole thing a try to sell out the inventory.
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion?
What is interesting is that the Mint "sold out" of the 1/10 oz pieces before they actually ever were available to ship (ship date expected 12/11). The were selling them for weeks prior to this point. If the coins were produced in advance, then there was no reason to delay shipping. I suspect either the coins (or specially "burnished" blanks) or the packaging has some production lead time. The Mint made a guess as to how many of each denomination would sell and started producing coins or packaging (which ever has the lead time) aimed at that number. When sales of the 1/10 oz piece hit the magic number they shut sales off. The other sizes will likely remain available for sale until they sell all that were/are being produced or until the 2007 versions go on sale, which ever comes first. If platinum approaches the issue price in the meantime, it will be interesting to see if they raise prices or just discontinue sales. The more likely answer is that rising spot (if that does happen) will lower perceived risk in these pieces and cause them to go ahead and sell out. In any event, most likely final numbers will be what ever the Mint has already determined they'll be. They'll stay on sale until they're gone and platinum spot will influence how long that takes.
By that logic, which is sound in alot of ways, it must be the 1/10 oz packaging, because if it was the coins, then they would likely have sold out of the 4 coin sets.....
Collection under construction: VG Barber Quarters & Halves
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion? >>
I'm thinking some proceeds from the Comm. go to helping the San Fran. Mint or something, thus they want to sell those because there is a third party involved.
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion? >>
I'm thinking some proceeds from the Comm. go to helping the San Fran. Mint or something, thus they want to sell those because there is a third party involved. >>
That's correct.... I believe that a portion of the profits goes to help restore the facility. That is part of the reason they pushed to extend the deadline... to help get more funds. A good idea for the fund, but lousy for the collectors who wanted a lower mintage commem set. Although the mintages were already too high for a modern issue to have any real hopes for significant increases. But now, with the bulk sells, etc.... there's going to be a good supply out there.
Comments
I just don't purchase items on ebay so.....
Finally a thread of mine got to 100
1. you need the cash NOW; or
2. you think the price will fall
Proud recipient of two "You Suck" awards
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled.
TD >>
I'm thinking, like the Plat, they need to see what demand is. If there is not enough demand they are not going to fire up the presses for 50 coins.
So if they don't get enough orders with their bulk promotion, they'll just scrap the whole thing a try to sell out the inventory.
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion?
WH
<< <i>
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion? >>
I'm thinking some proceeds from the Comm. go to helping the San Fran. Mint or something, thus they want to sell those because there is a third party involved.
<< <i>
<< <i>
<< <i>For all you conspiracy theorists, note that the Mint is now posting on their website that they will continue to take orders for the SF Mint commems up until Dec. 15, but they cannot guarantee that orders taken after Dec. 1 will be filled. >>
I read an article somewhere that the US Mint is clearing out the SF Commems through it's "bulk purchase" program. Coins will be offered to large buyers at pre-issue prices. Also I think the ordering deadline has been extended.
Anyways, what would prevent them from doing the same with any leftover W bullion pieces? The Mint already has a regular bullion distribution network in place - why couldn't they use that to dispose of any unsold W bullion? >>
I'm thinking some proceeds from the Comm. go to helping the San Fran. Mint or something, thus they want to sell those because there is a third party involved. >>
That's correct.... I believe that a portion of the profits goes to help restore the facility. That is part of the reason they pushed to extend the deadline... to help get more funds. A good idea for the fund, but lousy for the collectors who wanted a lower mintage commem set. Although the mintages were already too high for a modern issue to have any real hopes for significant increases. But now, with the bulk sells, etc.... there's going to be a good supply out there.
I will spend my money on the W unc coins instead.....