2007-W AGE's No Longer Available From Mint!

Akbeez

It's just like the Mint to lead you on to something that's not available -- or is it?

I just tried to order several different denominations and ONLY when I got the email receipt did it say "no longer available". No where else during the transaction did it say otherwise. Anyone order these today and get otherwise? Just MY LUCK.

"He who hesitates..."

CRAP

Dabigkahuna

Interesting. My e-mail today said "in stock" and the order summary on the web site says in stock and reserved.


Are they really out?



Larry
Dabigkahuna

Coxe

They aren't out, just not allowing any more orders right now. They'll adjust the prices after seeing how the metals open Monday I guess.

jbw

I placed my order for 2 American Eagle Gold Uncirculated One Ounce Coin (Z7A) at around 1:15 PM this afternoon & haven't gotten an email saying that they're not available.
My order confirmation email says:

Order Process Date: 11/02/07

Merchandise : 1663.90
Freight . . . : 4.95
Total . . : 1668.85


1. 2007 AMER EAGLE GOLD 1 OZ UNC W/MNT MK (Z7A)
Qty 2 @ $831.95 - Backordered 11/17/07.


Hopefully they'll honor it.

GAT

Prior thread on subject

Akbeez

Thanks GAT, sorry I stepped on a previous and salient thread. BTW, my "test" order of a proof AGE sailed through. Too bad I don't want one...

7over8

GAT - thx for the prior thread, but, take some time and feel the agony with us

VALID orders were placed on IN STOCK items, that were later cancelled

this is BAD BUSINESS

I encourage everyone who placed an order that was later cancelled on AGE's on 11/2 to call - first thing Monday AM

USM Office of Public Affairs
See phone # on USM web site under "Pressroom - bottom of screen

To voice your complaint. The USM should honor those orders. They are very quick to put up the "Not available" in red print quick on every other item and restrict orders, they did not and still have not on these bullion items.

Lite up those phones in that office Monday AM!!!!

Bochiman

At the risk of being hated, I don't feel sorry for anyone who has had months to buy then decides to chase the gold craze by buying at the "last minute".
They have been there for awhile, then off, then back on, now off again. Why wait until gold crosses $800/oz to buy them from the mint? Why not a week ago? A month ago?

Speculation?

57loaded

<< <i>At the risk of being hated, I don't feel sorry for anyone who has had months to buy then decides to chase the gold craze by buying at the "last minute".
They have been there for awhile, then off, then back on, now off again. Why wait until gold crosses $800/oz to buy them from the mint? Why not a week ago? A month ago?

Speculation? >>



once Joe Lunchbox gives up his beer to buy gold....it is way, way too late..unless you are selling.

Akbeez

<< <i>At the risk of being hated, I don't feel sorry for anyone who has had months to buy then decides to chase the gold craze by buying at the "last minute".
They have been there for awhile, then off, then back on, now off again. Why wait until gold crosses $800/oz to buy them from the mint? Why not a week ago? A month ago?

Speculation? >>



That's not the point. It's just not good business to advertise something and then after you PAY for it, find out it's not "available". What kind of cr*p is that? Do you suppose the mint's webmaster was "off" and unable to make a simple site announcement? I agree the phones should be ringing on Monday crying foul.
OK, probably won't do any good, but it's the principle.

And what's wrong with a little speculation?

7over8

Bochiman -

Not at all the point. Still bad business by the mint. Take them down with "Product not Available" and orders cant be placed. Dont take orders, reserve amts on credit cards, then decide - oops!!!, lets just cancel that business deal?

How could you think that's fair?

It's akin to buying some other product, let's say a house (and absent any attorney review), everyone signs the contract only later that day to say - well, I really didnt want to sell it - so we'll rip that contract up!!!

And not everyone waits till the last minute, there are various reasons to buy at certain times of the day or month or year......

My personal experience is to REPLACE some smaller denom gold I sold for a much higher per oz price (since smaller denom is higher premium and also had collector premium as well) with the same or more bullion in non premium one ounce form. It just so happens that the USM's offering was cheaper on Friday than many bullion dealers offerings by a few bucks.

7over8

Abkeez -

Call on Monday and I urge others to do so as well.

You would be surprised what could happen, that office of Public Affairs has done the right thing before.

pf70collector

Yes but than there's that little clause on evey order. The U.S. Mint has the right to cancel any order.

ricko

Bochiman..
You are correct.. the Mint has every right to reprice.. it is a business... this runup on gold has been going on for some time.. and predictions for +$800 have been fairly accurate (within months - but consistent)... so those who wait.. pay more or miss out. No pity. Cheers, RickO

jmski52

If it is a speculation, unless you are buying 100 oz. or so, it won't make a material difference in your standard of living, and certainly not unless the price doubles. So, if you intend to buy gold, buy it. No sense in trying to time a few ounces. Once it doubles, the few dollars in fluctuation that you are scrutinizing will be long forgotten.

Metalsman

<< <i>Bochiman -

Not at all the point. Still bad business by the mint. Take them down with "Product not Available" and orders cant be placed. Dont take orders, reserve amts on credit cards, then decide - oops!!!, lets just cancel that business deal?

How could you think that's fair?

It's akin to buying some other product, let's say a house (and absent any attorney review), everyone signs the contract only later that day to say - well, I really didnt want to sell it - so we'll rip that contract up!!!

And not everyone waits till the last minute, there are various reasons to buy at certain times of the day or month or year......

My personal experience is to REPLACE some smaller denom gold I sold for a much higher per oz price (since smaller denom is higher premium and also had collector premium as well) with the same or more bullion in non premium one ounce form. It just so happens that the USM's offering was cheaper on Friday than many bullion dealers offerings by a few bucks. >>



While anyone can see the mints reason for doing so it does not make it right. The orders should not have been allowed and then cancelled as in a situation where they are reaching a capped sellout of an item. Just bad business practrice again. So if the US Mint is a business [ as stated in this thread] this practice is just plain inept and those affected have a valid contract with them. If not a business they are just part of the STINKING INEPT goverment.

Bochiman

If you've been on the boards, or doing coins from the mint, for more than a few months, the way the mint does this shouldn't be new to you.
You may not like how the mint does it but it is just like ads in the magazines or newspapers saying "limited availability" "availability subject to change at any time" "price subject to change at any time".

You are NOT out any money. If they "take" your money, you still don't get charged until they ship. All they have done is accepted your order, checked the stock/availability, then cancelled your order. Show me where they TOOK your money. Got the credit card CHARGE before they cancelled on you?

Metalsman

The point isnt out money or not. Just bad BUSINESS 101. Its very simple. Many businessess do it just like you say... and go out of business too. If you offer something for sale and someone inquires and contracts to buy it.... it should be sold at that contract or offered price period! The only problem the mint has in this situation is they dont want to [not cant] honor there offered product and price.. They are starting to sound and look like car dealers and advertised autos not being available. I've run many businesses, mostly sales [none that have failed] in part due to doing what you should do.

Should the mint have posted on the web page "NO LONGER AVAILABLE" ?... YES!. Did they?...NO.. Most transactions are consummated prior to funds actually trading hands, so to say no money traded hands so no deal is wrong. Many "Breach of Contract" suits are decided in the buyers favor because the seller thinks tey can back out prior to funding. WRONG again. I do agree that the mint has a statement saying they can cancel any transaction. However money not trading hands has nothing to do with it. To defend ANYONE using that type of business is just silly and uniformed... The mint is a very INEPT wanabe business.. JMHO..

pf70collector

I had a dealer cancel an order placed on his website several years ago when the price of the coin was widely fluctuating. He refunded my paypal payment. It was a bad move on his end since I won't do business with him again but I believe it was his perogative to do so.

Metalsman

<< <i>I had a dealer cancel an order placed on his website several years ago when the price of the coin was widely fluctuating. He refunded my paypal payment. It was a bad move on his end since I won't do business with him again but I believe it was his perogative to do so.


>>

He made that decision.. just a bad business one.. If he had it advertised at a price his profit was already factored into that price offered. trying to change it or not honoring it was wrong.

7over8

Bochiman -

The USM has "reserved" funds against your available balance on your credit cards......akin to running your card thru to ensure they will get paid. This holds a portion of your available credit until they either 1) send the charge thru, or 2) cancel the reserve or do not send the charge thru......

Either way, they have -

1) Taken the order
2) Ran your CC (as they did mine on Friday afternoon)
3) Confirmed that the coins were "In stock and Reserved" at time of Order
4) Later that evening, decided to "reneg" on thier end of the deal, and cancel the order they deemed unprofitable.

They will be getting a piece of my mind tomorrow morning.

No sense calling 1-800-IDIOTS.....

Just call the USM Office of Public Affairs, Michael White at thier direct line.....they always answer and you speak with USM Management.

Goldbully

Sure looks like the Unc AGE's are halted again!!!!!


Mint Link

COINB0Y

They just decided to finally make it official and add the red ink.

Coxe

Got my UNC set today and the proof set is set to ship Monday. They were ordered the Friday morning before the Mint stopped accepting orders. Going to keep them in this perfectly nice Mint presentation box. Why slab them?

HonoluluDude

<< <i>Got my UNC set today and the proof set is set to ship Monday. >>

Wow, such a pretty set. Wish I had ordered one.

levinll

Any idea if the total mintage #'s for the 07w AGE will be less than the 06w's ?