The products offered in the last chance sale will include the following:
* Annual Coin Sets - including 2007 Proof Set, 2007 State Quarter Proof Set, 2004 Mint Set, 2006 Mint Set, 2007 Mint Set, 2007 Silver Proof Set, 2007 Silver State Quarter Proof Set * State Quarter Bags and Rolls - including Wisconsin, Minnesota, Oregon, Colorado, Nebraska, North Dakota, South Dakota, Montana, Wyoming, Utah, Oklahoma, New Mexico, Arizona * State Quarter First Day Covers - many states from New Jersey to Utah * State Quarter Coin and Die Sets - various states form North Carolina to Utah * State Quarter Collector's Spoons - various states from Iowa to Arizona * Presidential Dollar Coin Covers - including Washington, Adams, Jefferson, Madison * Kennedy Half Bags and Rolls - including 2001 * Sacagawea Dollar Bags and Rolls - including rolls from 2001; and 2,000-coin bags from 2002, 2004, 2005 * Jefferson Nickel Bags, Rolls, and Sets - including 2003, 2004, 2005, 2006 * State Quarter Greetings from America Card and Portfolio Sets - including all years from 1999 to 2007 * 50 State Quarters and Euro Coin Collection * Official Coin Collecting Starter Kit
I am not seeing bullion listed in the last chance sale so I am also expecting no lower prices on bullion. Perhaps if that is the case and people see the bullion at the same price then they will start to sell out.
Also wouldn't it be a PR disaster to have a Platinum 1/2 UNC for $619 on Friday and then $410 on Saturday? Sure we would all love that lower price but how can you drop things like that and not expect massive returns? Some will order what they did the past few days all over and guess what, send back the old orders.
So sure, I hope they drop prices and I can get an actual order in before the website freezes like with the first spouse, but chances are if they drop the prices that far every credit card will be pulled and every piggy bank broken, and the website will melt down like it did yesterday on far less orders.
Anyway I think the mint did a great thing for all of us by ending these series of coins, it is a historic move as I see it and 2008 while a bad year for the mint financially perhaps it will be remembered for the great coins the mint released. It may take some time for people to see this IMO but looking back in say 2010 when there are far fewer series to collect they will wish for the old days, at least some people will.
I only recently discovered coinnews.net, but they really seem to do a nice job with their articles. link
wouldn't it be a PR disaster to have a Platinum 1/2 UNC for $619 on Friday and then $410 on Saturday? Sure we would all love that lower price but how can you drop things like that and not expect massive returns?
I agree. They don't need to discount these coins- for all the complaints about premium over melt, the current prices are basically in line with historical markups on these coins. They were never intended to be just bullion, any more than the silver American Eagles they sell for more than 2x melt are, and pricing them at spot would fail to reflect the Mint's production and carrying costs. What's the markup on a silver proof set? I'm not saying there isn't some room for a lower premium-- there probably is-- but even though these coins are discontinued, they AREN'T spoons. The Mint doesn't need a blue light special to create a market for them. They should keep prices as they are. If you want them, great. If you don't, no problem. Plenty of us see upside based on the low mintages at current prices, for platinum and for gold.
Congrats on the 100+ numismatic thread
Thanks! Although I didn't really do anything more than reprint and link to the Dave Harper's report. He broke this story, and it's a really big one for a lot of us.
<< <i>We must wait until July of 09 to see any 08s hit the melting pot. >>
I disagree. I belive that statement refers to any 08 coins that are left but not on the list. While the coins not sold will be melted immediatly if not sold by dec. 19th statement is referring to coins on the list. >>
Of those that don’t sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”
seems unambiguous. i suppose he could have been talking about the clearance items as opposed to the discontinued bullion lines, but I'm not sure what the value of melting spoons and the rest of the clearance stuff would be.
<< <i>Of those that don’t sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”
seems unambiguous. i suppose he could have been talking about the clearance items as opposed to the discontinued bullion lines, but I'm not sure what the value of melting spoons and the rest of the clearance stuff would be. >>
He also said some items would remain on sale until June when these also would be melted. Presumable he was talking about any 08 items.
This is what it says on the mints web site in the press release.
"WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time."
To me it makes no sense to mention discountinued items in the same press release as the "sale" if the discountinued items either will not be discounted or still offered for sale after the sale ends. Wouldnt they just make two seperate announcements?
<< <i>This is what it says on the mints web site in the press release.
"WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time."
To me it makes no sense to mention discountinued items in the same press release as the "sale" if the discountinued items either will not be discounted or still offered for sale after the sale ends. Wouldnt they just make two seperate announcements? >>
Actually it look like two separate announcements, with the second sentence starting with "additionally".
I believe the US Mint likely has in inventory several millions of dollars worth of various bullion coins on that list.
I'm sure after the past years whip-saw action in PM prices they would like to get rid of these asap after which I expect we will see an end to the 30 day return policy for bullion products.
I estimate they had over 1 million in returned Platinum during the crash in platinum prices from early July to mid August.
I hadn't focused on the melt date question, and it's a good one.
The article which started this thread was not an official Mint announcement, but from what Dave Harper wrote. Looking at the announcements from the US Mint website, there were 2 press releases made November 10.
FIRST PRESS RELEASE
United States Mint Offers “Last Chance Sale” to Clear Warehouse Shelves
Agency Prepares to Move Fulfillment Center
WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time. Sales of these products begin Saturday, November 15, 2008, at 12:01 a.m. (ET). Many of these products will never be available again from the United States Mint. The sale will end at 5 p.m. (ET) on December 19, 2008.
The United States Mint is transferring its contractor-operated call center and fulfillment facility from Memphis, TN, and Plano, TX to Plainfield, IN, near Indianapolis. The "Last Chance Sale" is intended to clear as much old inventory as possible from the existing system to facilitate the transfer.
The transition in early January is expected to be seamless, and customers should encounter no service problems. Ordering information via the United States Mint Web site, telephone and by mail will remain the same:
The "Last Chance Sale" will be a limited-time, first come, first serve offer, available online and by phone. There will be no household order limit. No damaged products will be sold. There will be a seven-day return policy from the date of receipt if the product is delivered to the customer damaged. No returns will be accepted unless a product is damaged in shipment. If a return is made because the product is damaged, the United States Mint cannot guarantee a replacement, and a customer's payment will be refunded.
The sale of these products will increase previously stated "final" sales figures. For products with a maximum mintage or product limit, the United States Mint will not sell coins or products that exceed the established limit.
United States Mint Embarks on Major Update of Its Numismatic Product Portfolio
WASHINGTON - The United States Mint is conducting a comprehensive, top-to-bottom review of its numismatic product portfolio to focus next year on those products collectors most appreciate and order most often.
"We are responding to the collector community which has spoken loudly and clearly," said United States Mint Director Ed Moy. "Customers have told us there are just too many products. We agree, and it's time the United States Mint trims down and concentrates on the products our customers love most."
Trimming the 2009 portfolio will afford the United States Mint the opportunity to focus resources on its core products. It will spotlight offerings with broad appeal, such as its annual United States Mint Proof Sets. With fewer products to manufacture, the United States Mint will be able to offer proof sets and other products earlier in the calendar year beginning in 2010, making them available for customers to purchase for more occasions.
The United States Mint relied principally on the number of units sold in determining which products or product lines have been most popular with collectors and other customers. More than 550 individual coin and medal products were evaluated; nearly 200 of those coin and medal products will remain in the new portfolio.
The United States Mint will analyze its products each year to ensure the best portfolio is maintained.
Based on these press releases, I think it might be an open question as to whether the discontinued series are part of the clearance sale, or if the final sale date will be December 19.
David Harper's blog said:
The sale will conclude at 5 p.m. Dec. 19, but some products are likely to be gone well before then.
Of those that don’t sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”
The clearance sale is part of a major re-evaluation of the Mint’s product line. Brunhart says the product offerings will be reduced from more than 550 available in 2008 to roughly 200.
Leftover 2008 products will stay on sale until June, when they will get the same detrashing and melting treatment.
Looking at this, it seems to me we've got 2 announcements.
(1) reopening sales of old inventory as a clearance sale, closing December 19, with unsold inventory to be melted.
(2) Mint is discontinuing certain product lines, which Dave Harper reports are:
Discontinued Products
United States Mint Presidential $1 Coin Historical Signature SetsTM United States Mint Presidential $1 Coin – Individual Proof CoinsTM American Eagle Platinum Uncirculated Coins (all options) American Eagle Platinum Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets American Eagle Gold Uncirculated 1⁄2, 1⁄4, 1/10, and Four-Coin Sets American Buffalo Uncirculated Gold Coins (all options) American Buffalo Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets 50 State Quarters® First Day Coin Covers (continue through 2008) Greetings From America Portfolios and Card Sets Coin and Die Sets Collectible Spoons
It looks to me like this stuff would be part of the leftover 2008 products that will stay on sale until June, when they will get the same detrashing and melting treatment.
If my last post is right, this changes the gameplan on these quite a bit.
(1) this eliminates what we've been confused about-- return period would not be impacted for 2008 product lines that are being discontinued.
(2) no repricing would be necessary for those discontinued products, as they are not part of the clearance sale.
(3) presumably, sales of 2008 products on the discontinued list would continue to be available until sellout or until they would normally be pulled from sale. Dave Harper's article says "Leftover 2008 products wil stay on sale until June, when they will get the same detrashing and melting treatment."
That changes things.
First, I think the current groupthink is that the Mint is selling remaining 2008 platinum proofs and uncirculateds, and that no more will be minted. I think that remains correct; based on the failure to hit sellout so far, it seems like they have enough inventory to meet demand, and there doesn't seem to be much sense in minting more of a coin slotted to be discontinued.
Second, ... well, there is no second. The landscape has shifted again, all items are showing as no longer available. This is like playing a game where the rules are constantly changing.
I don't think the mint can legally lower the price of the bullion coins without notice so I am not expecting any lower prices. Do I hope that I'm wrong? Sure, I will order up what I have and send back the stuff at the old prices like everyone else.
But I don't think they can do it so I am not holding my breath on that. Also i will be shocked if they are holding old bullion to put back up at low prices and harm past collectors like that. I was hoping the mint was going to eliminate these programs like this but wasn't going to announce it until next year before they would have started them up again with 2009 stuff and after all the coins had already been sold.
The way it is now there are more questions than answers and nobody has any idea what they are up to.
I am also surprised nothing is on backorder yet after this announcement either, either people expect lower prices or they are broke from the collapse of the financial system.
Halfstrike.....why have they only suspended the 4-coin sets? The other available plat options do not show backordered status. I doubt the person that you spoke to knows what is going on anymore than we do. I think the sets are sold out.
Looks like the Buffs too. I may have to order another set if they're cheap enough since I ordered a few on Monday. That way I've got an order that can be returned within 30 days so I desire.
I don't understand this at all. Even with the news these will be discontinued, it seems impossible to believe that ALL these would sell out on the same day.
If it's a repricing, that's equally difficult to understand-- why would they reprice this stuff, especially given the return window?
It also looks like the American Eagle gold proofs are showing as unavailable. Those aren't part of the discontinued program, and I don't know why those would sell out.
Maybe it's a website issue, or maybe the Mint is repricing the bullion issues after all?
If it's a repricing, can we expect sales to go dark long enough for the open return window to close, and then have a short sale period in late December?
If they reprice immediately, I would think it would result in chaos... it would give an incentive to return any recently received orders and place a new order at a discount price.
1) Lower the prices. 2) Everybody returns their recently-bought gold & platinum, and they order at the lower prices. 3) The Mint refunds the returns, but does NOT ship any of the new orders because the gold and platinum suddenly needs to be diverted elsewhere ?
If they are repricing the bullion coins, it's only because they will be included in the sale. If you return any of your orders now, you still have a replacement or refund option.
On the sale items, all sales are final, so if you plan on returning anything, it might be a whole lot safer to return it now, before the sale begins. Or, you can trust the Mint to do right by you. Good Luck with that.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
* Annual Coin Sets - including 2007 Proof Set, 2007 State Quarter Proof Set, 2004 Mint Set, 2006 Mint Set, 2007 Mint Set, 2007 Silver Proof Set, 2007 Silver State Quarter Proof Set
* State Quarter Bags and Rolls - including Wisconsin, Minnesota, Oregon, Colorado, Nebraska, North Dakota, South Dakota, Montana, Wyoming, Utah, Oklahoma, New Mexico, Arizona
* State Quarter First Day Covers - many states from New Jersey to Utah
* State Quarter Coin and Die Sets - various states form North Carolina to Utah
* State Quarter Collector's Spoons - various states from Iowa to Arizona
* Presidential Dollar Coin Covers - including Washington, Adams, Jefferson, Madison
* Kennedy Half Bags and Rolls - including 2001
* Sacagawea Dollar Bags and Rolls - including rolls from 2001; and 2,000-coin bags from 2002, 2004, 2005
* Jefferson Nickel Bags, Rolls, and Sets - including 2003, 2004, 2005, 2006
* State Quarter Greetings from America Card and Portfolio Sets - including all years from 1999 to 2007
* 50 State Quarters and Euro Coin Collection
* Official Coin Collecting Starter Kit
*************************************************************************
I am not seeing bullion listed in the last chance sale so I am also expecting no lower prices on bullion. Perhaps if that is the case and people see the bullion at the same price then they will start to sell out.
Also wouldn't it be a PR disaster to have a Platinum 1/2 UNC for $619 on Friday and then $410 on Saturday? Sure we would all love that lower price but how can you drop things like that and not expect massive returns? Some will order what they did the past few days all over and guess what, send back the old orders.
So sure, I hope they drop prices and I can get an actual order in before the website freezes like with the first spouse, but chances are if they drop the prices that far every credit card will be pulled and every piggy bank broken, and the website will melt down like it did yesterday on far less orders.
Anyway I think the mint did a great thing for all of us by ending these series of coins, it is a historic move as I see it and 2008 while a bad year for the mint financially perhaps it will be remembered for the great coins the mint released. It may take some time for people to see this IMO but looking back in say 2010 when there are far fewer series to collect they will wish for the old days, at least some people will.
coinnews
1 ounce unc platinum looks good
LA KINGS #11 - KOPITAR
Is that the correct number? Where did they get that? If that is true I for sure am not sending the ones I have back!
They are targeting women
edit to add:
If you're an "Alpha" male, you might be able to resist this "Omega" sale !
p.s. Congrats on the 100+ numismatic thread, NYcounsel.
I hope I didn't pollute it too bad.
``https://ebay.us/m/KxolR5
A fun, Numismatic , unscientific poll regarding this thread
``https://ebay.us/m/KxolR5
wouldn't it be a PR disaster to have a Platinum 1/2 UNC for $619 on Friday and then $410 on Saturday? Sure we would all love that lower price but how can you drop things like that and not expect massive returns?
I agree. They don't need to discount these coins- for all the complaints about premium over melt, the current prices are basically in line with historical markups on these coins. They were never intended to be just bullion, any more than the silver American Eagles they sell for more than 2x melt are, and pricing them at spot would fail to reflect the Mint's production and carrying costs. What's the markup on a silver proof set? I'm not saying there isn't some room for a lower premium-- there probably is-- but even though these coins are discontinued, they AREN'T spoons. The Mint doesn't need a blue light special to create a market for them. They should keep prices as they are. If you want them, great. If you don't, no problem. Plenty of us see upside based on the low mintages at current prices, for platinum and for gold.
Congrats on the 100+ numismatic thread
Thanks! Although I didn't really do anything more than reprint and link to the Dave Harper's report. He broke this story, and it's a really big one for a lot of us.
I knew it would happen.
<< <i>Are the Fractional Gold Proof American Eagles being discontinued? This Coin News report indicates that they are not. >>
The table shows final year for all buffalo options except the 1oz. proof.
I think the answer is no, it looked to me like that program is continuing.
<< <i>
<< <i>We must wait until July of 09 to see any 08s hit the melting pot. >>
I disagree. I belive that statement refers to any 08 coins that are left but not on the list. While the coins not sold will be melted immediatly if not sold by dec. 19th statement is referring to coins on the list. >>
That would be to good to be true!
seems unambiguous. i suppose he could have been talking about the clearance items as opposed to the discontinued bullion lines, but I'm not sure what the value of melting spoons and the rest of the clearance stuff would be.
<< <i>Of those that don’t sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”
seems unambiguous. i suppose he could have been talking about the clearance items as opposed to the discontinued bullion lines, but I'm not sure what the value of melting spoons and the rest of the clearance stuff would be. >>
He also said some items would remain on sale until June when these also would be melted. Presumable he was talking about any 08 items.
"WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time."
To me it makes no sense to mention discountinued items in the same press release as the "sale" if the discountinued items either will not be discounted or still offered for sale after the sale ends.
Wouldnt they just make two seperate announcements?
<< <i>This is what it says on the mints web site in the press release.
"WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time."
To me it makes no sense to mention discountinued items in the same press release as the "sale" if the discountinued items either will not be discounted or still offered for sale after the sale ends.
Wouldnt they just make two seperate announcements? >>
Actually it look like two separate announcements, with the second sentence starting with "additionally".
<< <i>And here I was waiting for the Mint to come out with collectible knives and forks! Guess I'll be on a diet of soup and cereal from now on.
At least it'll be collectible soup and cereal.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I'm sure after the past years whip-saw action in PM prices they would like to get rid of these asap after which I expect we will see an end to the 30 day return policy for bullion products.
I estimate they had over 1 million in returned Platinum during the crash in platinum prices from early July to mid August.
The article which started this thread was not an official Mint announcement, but from what Dave Harper wrote. Looking at the announcements from the US Mint website, there were 2 press releases made November 10.
FIRST PRESS RELEASE
United States Mint Offers “Last Chance Sale” to Clear Warehouse Shelves
Agency Prepares to Move Fulfillment Center
WASHINGTON - The United States Mint is moving its products to a new fulfillment center and will use the opportunity to clear its shelves and offer several coins, coin sets, bags and rolls for the last time to customers. Additionally, the United States Mint is discontinuing several products that will be offered for the last time. Sales of these products begin Saturday, November 15, 2008, at 12:01 a.m. (ET). Many of these products will never be available again from the United States Mint. The sale will end at 5 p.m. (ET) on December 19, 2008.
The United States Mint is transferring its contractor-operated call center and fulfillment facility from Memphis, TN, and Plano, TX to Plainfield, IN, near Indianapolis. The "Last Chance Sale" is intended to clear as much old inventory as possible from the existing system to facilitate the transfer.
The transition in early January is expected to be seamless, and customers should encounter no service problems. Ordering information via the United States Mint Web site, telephone and by mail will remain the same:
The "Last Chance Sale" will be a limited-time, first come, first serve offer, available online and by phone. There will be no household order limit. No damaged products will be sold. There will be a seven-day return policy from the date of receipt if the product is delivered to the customer damaged. No returns will be accepted unless a product is damaged in shipment. If a return is made because the product is damaged, the United States Mint cannot guarantee a replacement, and a customer's payment will be refunded.
The sale of these products will increase previously stated "final" sales figures. For products with a maximum mintage or product limit, the United States Mint will not sell coins or products that exceed the established limit.
Press Release re: Last Chance Sale
SECOND PRESS RELEASE
United States Mint Embarks on Major Update of Its Numismatic Product Portfolio
WASHINGTON - The United States Mint is conducting a comprehensive, top-to-bottom review of its numismatic product portfolio to focus next year on those products collectors most appreciate and order most often.
"We are responding to the collector community which has spoken loudly and clearly," said United States Mint Director Ed Moy. "Customers have told us there are just too many products. We agree, and it's time the United States Mint trims down and concentrates on the products our customers love most."
Trimming the 2009 portfolio will afford the United States Mint the opportunity to focus resources on its core products. It will spotlight offerings with broad appeal, such as its annual United States Mint Proof Sets. With fewer products to manufacture, the United States Mint will be able to offer proof sets and other products earlier in the calendar year beginning in 2010, making them available for customers to purchase for more occasions.
The United States Mint relied principally on the number of units sold in determining which products or product lines have been most popular with collectors and other customers. More than 550 individual coin and medal products were evaluated; nearly 200 of those coin and medal products will remain in the new portfolio.
The United States Mint will analyze its products each year to ensure the best portfolio is maintained.
Second Press Release: Trimming the offerings
Based on these press releases, I think it might be an open question as to whether the discontinued series are part of the clearance sale, or if the final sale date will be December 19.
David Harper's blog said:
The sale will conclude at 5 p.m. Dec. 19, but some products are likely to be gone well before then.
Of those that don’t sell, Brunhart says, “We’re going to be doing a significant detrashing and melting (of) the products that do not sell by Dec. 19. Those products will be immediately broken down and sent to the melter.”
The clearance sale is part of a major re-evaluation of the Mint’s product line. Brunhart says the product offerings will be reduced from more than 550 available in 2008 to roughly 200.
Leftover 2008 products will stay on sale until June, when they will get the same detrashing and melting treatment.
Dave Harper Blog
Looking at this, it seems to me we've got 2 announcements.
(1) reopening sales of old inventory as a clearance sale, closing December 19, with unsold inventory to be melted.
(2) Mint is discontinuing certain product lines, which Dave Harper reports are:
Discontinued Products
United States Mint Presidential $1 Coin Historical Signature SetsTM
United States Mint Presidential $1 Coin – Individual Proof CoinsTM
American Eagle Platinum Uncirculated Coins (all options)
American Eagle Platinum Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
American Eagle Gold Uncirculated 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
American Buffalo Uncirculated Gold Coins (all options)
American Buffalo Proof 1⁄2, 1⁄4, 1/10, and Four-Coin Sets
50 State Quarters® First Day Coin Covers (continue through 2008)
Greetings From America Portfolios and Card Sets
Coin and Die Sets
Collectible Spoons
It looks to me like this stuff would be part of the leftover 2008 products that will stay on sale until June, when they will get the same detrashing and melting treatment.
(1) this eliminates what we've been confused about-- return period would not be impacted for 2008 product lines that are being discontinued.
(2) no repricing would be necessary for those discontinued products, as they are not part of the clearance sale.
(3) presumably, sales of 2008 products on the discontinued list would continue to be available until sellout or until they would normally be pulled from sale. Dave Harper's article says "Leftover 2008 products wil stay on sale until June, when they will get the same detrashing and melting treatment."
That changes things.
First, I think the current groupthink is that the Mint is selling remaining 2008 platinum proofs and uncirculateds, and that no more will be minted. I think that remains correct; based on the failure to hit sellout so far, it seems like they have enough inventory to meet demand, and there doesn't seem to be much sense in minting more of a coin slotted to be discontinued.
Second, ... well, there is no second. The landscape has shifted again, all items are showing as no longer available. This is like playing a game where the rules are constantly changing.
But I don't think they can do it so I am not holding my breath on that. Also i will be shocked if they are holding old bullion to put back up at low prices and harm past collectors like that. I was hoping the mint was going to eliminate these programs like this but wasn't going to announce it until next year before they would have started them up again with 2009 stuff and after all the coins had already been sold.
The way it is now there are more questions than answers and nobody has any idea what they are up to.
I am also surprised nothing is on backorder yet after this announcement either, either people expect lower prices or they are broke from the collapse of the financial system.
<< <i>When I put the 4-coin unc platinum set in my shopping cart at the mint web page it shows the availability as backordered. ???? >>
Same here. Maybe they finally sold them all.
<< When I put the 4-coin unc platinum set in my shopping cart at the mint web page it shows the availability as backordered. ???? >>
I still have a couple of sets to send back!!!
<< <i><< When I put the 4-coin unc platinum set in my shopping cart at the mint web page it shows the availability as backordered. ???? >>
I still have a couple of sets to send back!!! >>
Sounds like a maximum of 1500 sets or less were produced and I wouldn't be returning them. Mine are staying in my safe deposit box to age and mature.
I hope the mint lowers the price for everyone that purchased in the last 30 days too.
But, but, but ... what will Jimmy Gerstel have to sell on his Treasure Hunter Show? Will he have to go to the Treasury for a bailout like Amex?
<< <i>The mint has suspended the coins for price adjustment, I just got off the phone so they are going to lower prices.
I hope the mint lowers the price for everyone that purchased in the last 30 days too. >>
Will they keep them unavailable until the clearance sale
<< <i>The mint has suspended the coins for price adjustment, I just got off the phone so they are going to lower prices.
I hope the mint lowers the price for everyone that purchased in the last 30 days too. >>
Oh come on why even call the mint, they don't know a thing and never have. They would have pulled all the options if that was the case.
<< <i>
<< <i>The mint has suspended the coins for price adjustment, I just got off the phone so they are going to lower prices.
I hope the mint lowers the price for everyone that purchased in the last 30 days too. >>
Oh come on why even call the mint, they don't know a thing and never have. They would have pulled all the options if that was the case. >>
All show not available now if you put them in the shopping cart.
<< <i>The Buffalos still show available.....for now. >>
They are goin not available too. 4 coin set unc not available so far.
Odds are good they are pulling the items for the clearance sale.
<< <i>
<< <i>The Buffalos still show available.....for now. >>
They are goin not available too. 4 coin set unc not available so far.
Odds are good they are pulling the items for the clearance sale. >>
No chance! There will be no sale on platinum coins or the gold buffalos. Just my opinion. Or maybe it might happen?
<< <i>No chance! There will be no sale on platinum coins or the gold buffalos. Just my opinion. >>
Repricing lower vs. sale whats the difference?
<< <i>
<< <i>
<< <i>The Buffalos still show available.....for now. >>
They are goin not available too. 4 coin set unc not available so far.
Odds are good they are pulling the items for the clearance sale. >>
No chance! There will be no sale on platinum coins or the gold buffalos. Just my opinion. >>
If it's a repricing, that's equally difficult to understand-- why would they reprice this stuff, especially given the return window?
This is bizarre.
Maybe it's a website issue, or maybe the Mint is repricing the bullion issues after all?
If it's a repricing, can we expect sales to go dark long enough for the open return window to close, and then have a short sale period in late December?
If they reprice immediately, I would think it would result in chaos... it would give an incentive to return any recently received orders and place a new order at a discount price.
San Diego, CA
If they reprice in the next few days, I absolutely agree. It's the only way to prevent massive return/rebuys.
Ren
1) Lower the prices.
2) Everybody returns their recently-bought gold & platinum, and they order at the lower prices.
3) The Mint refunds the returns, but does NOT ship any of the new orders because the gold and platinum suddenly needs to be diverted elsewhere ?
On the sale items, all sales are final, so if you plan on returning anything, it might be a whole lot safer to return it now, before the sale begins. Or, you can trust the Mint to do right by you. Good Luck with that.
I knew it would happen.