How Long Will It Take For The 10th Anniversary Platinum Eagle Set To Sell Out

FLBuffaloHunter

With the success of last years gold and silver Reverse Proof 20th anniversary sets, I think they will sell 15,000 - 20,000 sets in the first week and the maximum mintage of 30,000 sets will sellout by the end of the year.

link to the set. Ordering starts at Noon EST today with a one per household limit.

anoldgoat

I'd be surprised if they sell out. They're certainly not rarities or even come close to low mintage, much closer to high mintage.

JMO

mike

PS That Rev Pr sure looks nice.

EricSan

I'd be surprised to see 30,000 units sold. I don't think they made that many... I suspect that sales will be cut short sometime in the near future. Final sales somewhere near 7-10k.

Eric

291fifth

With a mintage limit of 30,000 this set is dead on arrival.

ttown

They won't sell out but they will be sold what's on hand which maybe less than 30k for a long time. I didn't see where this fit into the poll so I didn't vote.

sinin1

I checked their website to see costs and mabens offer to buy for $2100

restricted to 1 per household for first week, and then mint will reassess - $1949 buy price


I do not think there are enough households that care or have $2K sitting around for a quick(maybe) $100 to sell out in first day (starts selling in 45 minutes?)

I think they will not sell out in a week - if they reopen to any amount - some big dealers/speculators may gobble them up and hit the 30,000 mint max

Rarity

<< <i>I'd be surprised to see 30,000 units sold. I don't think they made that many... I suspect that sales will be cut short sometime in the near future. Final sales somewhere near 7-10k.

Eric >>




I believe the Mint will have to back up its word. When the Mint said that 30,000 sets will be available, it can't just close the program after selling 12,000 sets.

My guess is the final number will be above 20,000 sets.

TwoSides2aCoin

<< <i>I'd be surprised to see 30,000 units sold. I don't think they made that many... I suspect that sales will be cut short sometime in the near future. Final sales somewhere near 7-10k.

Eric >>



There are a lot of smart millionaires. Anyone smart enough to make a million, certainly knows how to make a few hundy. Eric, I think these will sell out.

Remember the bi-metallic coin from 2000 ? The reverse proof from last year ?
Think about how many people there are collecting bullion. When they find out how much can be made off of "certain" coins, don't you think they'll jump ? I do !

rbalderman1

It all depends on how much they limit after the first week. If the tv shows and dealers are able to gobble them up in a week then thet will sell out by Christmas.

Dabigkahuna

How many 1995-W 10th Anniversary Gold and Silver Sets were there? 35,000? They ddn't sell out and people complained about the price then also.

You never can tell.

ahooka454

im a yn and looking to make a buck. what do you guys here tink? $2000 to flip it to? worth it?

aficionado

I think they will stop sales on 1/1/08. The 30,000 is to say anyone who wants one can get one.

EricSan

<< <i>There are a lot of smart millionaires. Anyone smart enough to make a million, certainly knows how to make a few hundy. Eric, I think these will sell out. >>



They might, but I'd be surprised... On the other hand, I've been wrong before

Watching order numbers might provide some insights, but I suspect there is also a "last minute rush" on the commems and legacy sets between now and tomorrow when they cut off sales, thus confounding the rise in order numbers.

Eric

aficionado

<< <i>

<< <i>There are a lot of smart millionaires. Anyone smart enough to make a million, certainly knows how to make a few hundy. Eric, I think these will sell out. >>



They might, but I'd be surprised... On the other hand, I've been wrong before

Watching order numbers might provide some insights, but I suspect there is also a "last minute rush" on the commems and legacy sets between now and tomorrow when they cut off sales, thus confounding the rise in order numbers.

Eric >>



Order numbers are only good for the first day. Obviously anything under 30,000 is no sell out, if you get 40K or 50K, then maybe.

fishcooker

I think they already have 30,000 on hand.

ScarsdaleCoin

points... if they let people have 10 then dealers would be able to buy enough of them to promote them.... without promotion the set dies... however the mint can create something by cutting em off... which would be smart because then John Public will get hopped up to buy the next offer..... if only 6,000 sell and they cut them the price would rise quite a bit....

ttown

Well if we start getting backorder notices on the first day that should give a clue of how many sets are on hand. They won't mint a 2007 set past the end of this year.

2manycoins2fewfunds

<< <i>With the success of last years gold and silver Reverse Proof 20th anniversary sets, I think they will sell 15,000 - 20,000 sets in the first week and the maximum mintage of 30,000 sets will sellout by the end of the year.

link to the set. Ordering starts at Noon EST today with a one per household limit.

>>



If they sell 30,000 sets they will be dead forever!!

FLBuffaloHunter

With sales set to start in less than 5 minutes, these are the poll results so far:

JeremyDie1

RYK

I don't know, but I am going to celebrate the occasion by going for a run now. Will someone here kindly post to the forum how this all turns out?
Thanks!

Longacre

I have my entire pool of highly trained secretaries working the phones to order as many as possible (even the secretary who sits 10 feet away and sends me an email that there is a package at her desk for me).

ziggy29

30,000 pieces + 1 per household = it'll take a while.

It uses as much of the Mint's server resources to place an order for one as it does an order for 100. So I'm not sure using response times and server loads relative to past offerings will be accurate here.

BECOKA

Took about 15 minutes to order but it is done. The website started to get pretty fast toward the end which makes me think the rush is over.

Rarity

I just finished placing my order but the order status is saying: "Your order request has been suspended" and no cancel box is shown at the bottom of the order page.

Is the Mint rejecting my order ?

FLBuffaloHunter

<< <i>I just finished placing my order but the order status is saying: "Your order request has been suspended" and no cancel box is shown at the bottom of the order page.

Is the Mint rejecting my order ? >>


That's normal. They do that in case you place a double order by mistake. It will change to 'on hold' in a few minutes.

Rarity

<< <i>

<< <i>I just finished placing my order but the order status is saying: "Your order request has been suspended" and no cancel box is shown at the bottom of the order page.

Is the Mint rejecting my order ? >>



That's normal. They do that in case you place a double order by mistake. It will change to 'on hold' in a few minutes. >>




Thanks FLBuffalo for your clarification

GAT

That didn't take long, the Mint site is back to normal. I would say there wasn't much interest in the offering.

EricSan

Funny, at 12:30, it looks like almost 1/3 of them are gone already...

3 of them posted on the bay already.

Bear

Ordered 12/13/07 9:40 WCT Order #27479xxx

BECOKA

Order#: 27473XXX

Delta between mine and Bears is almost 6,000

Mine is 3,000 higher than another one I saw.

Total sold so far looks to be at least 9,000

jmski52

I don't know, but I am going to celebrate the occasion by going for a run now. Will someone here kindly post to the forum how this all turns out?
Thanks!

RYK, I didn't know ya cared!! To make sure that you are kept informed, I will be certain to update this and all of the other threads as soon as I know something.

Report - no problem getting through at 12:30 CST. Order #27478***. On backorder.

FLBuffaloHunter

I like this ad on the Mint site

BECOKA

<< <i>I like this ad on the Mint site

>>



For a change they are telling the truth.

CHEESEBURGER

You said it! Dead on arrrival.

FullStrike

<< <i>You said it! Dead on arrrival. >>




NO



actually this one was dead on the drawing board



Anyone notice the US Mint ads on TV lately? Lots of new non-collector buyers are in the Mint ordering frenzy now. They don't neccessarily know what they're doing by ordering.

.... but then neither do I ....

FLBuffaloHunter

As the 1st day of sales comes to a close with no sellout recorded, I'm removing that option from the poll. These are the totals so far.

jmski52

RYK, they are not sold out yet! Just a reminder in case you want to snatch one up at the last minute! (Unless you already have.)

ONETHREE

<< <i>I don't know, but I am going to celebrate the occasion by going for a run now. Will someone here kindly post to the forum how this all turns out?
Thanks! >>



Please post and tell us how your celebratory run went. Did the thought of modern platinums make you push yourself harder? Did you find any dirty coins along the route? Were you reciting the Hippocatic oath in your thoughts as you ran? Inquiring minds want to know.

OBSESDD

Not sold out as of Saturday 12/15/07
Order # 27514xxx
Availability says "backordered" but I think that's normal, right?

GAT

This makes 45,000 orders since the sets went on sale. Of course, a lot of orders were for other items, some of which went off sale on Dec 14th.

jmski52

RYK, it looks like a sellout. Just thought that you'd want to be the first to know. Let's keep these plat threads a-rollin'.

OPA

Umm...still available, not even moved into that "orders have been taken etc etc" category...

fishcooker

The mint's website text changer guy won't be back until Monday.

Bear

BECOKA

<< <i> >>

OPA

<< <i>The mint's website text changer guy won't be back until Monday. >>



Sorry to disappoint you, but just like the "Order Takers," he is woikin 7 days a week.

nationaltreasureshop

<< <i>

<< <i>The mint's website text changer guy won't be back until Monday. >>



Sorry to disappoint you, but just like the "Order Takers," he is woikin 7 days a week. >>



...that may be...but he must be off Christmas shopping or something this weekend - the site still refers to 12/14 as "Tomorrow" being the last day to buy commemorative coins...

Guess we'll all see tomorrow one way or the other comrades

pitboss

Nothing they do at the mint surprises me.

Coins101

frostbyte

So if they don't sell out in less than a month, I'm guessing they will have LOTS of returned or cancelled orders. Many buying hoping they sell out and can make a quick buck, although I'd be inclined to keep 1 set just for my collection. I have mostly gold, but a nice reverse proof platinum set would sure be my show piece.