FINALLY 4 COIN PLAT SET SOLD OUT AT US MINT
younique
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younique
Posts: 882 ✭✭✭
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Mine is In Stock and Reserved...from the day it went back on sale at the lower price last week.
Keeping my fingers crossed that it's not cancelled!
<< <i>And what kind of hype the sellers will be using? I don't think you could over hype these coins! >>
that plat cannot fall any further? ;-)
1oz ms70 deal
<< <i>This is looking like a deal.
1oz ms70 deal >>
Link fixed and why is that a deal?
<< <i>And what kind of hype the sellers will be using? I don't think you could over hype these coins! >>
Sure you can. Anything can be over-hyped. Just the existance of this thread stating "Finally Sold Out" is hype in itself!
On the other end of the stick though, once the returns come in, they'll go back on the market.
Fixed-Fixed Link
And why is this such a good deal? $580 premium for the MS70 on the single coin or what?
The name is LEE!
there will probably be some returns, but its unlikely to be a significant number. it will just mean a few backorders will get filled.
<< <i>On the other end of the stick though, once the returns come in, they'll go back on the market.
there will probably be some returns, but its unlikely to be a significant number. it will just mean a few backorders will get filled. >>
Which of the First Spouse coins was it that went "unavailable" then "available" then "unavailable" then "available" and on and on?
Now that was a hoot to watch!
The name is LEE!
<< <i>
<< <i>On the other end of the stick though, once the returns come in, they'll go back on the market.
there will probably be some returns, but its unlikely to be a significant number. it will just mean a few backorders will get filled. >>
Which of the First Spouse coins was it that went "unavailable" then "available" then "unavailable" then "available" and on and on?
Now that was a hoot to watch! >>
I Have not seen that. Also this set is now listed as unavailable on the list of unavailable items. I think that is a final cut-off.
The set is unavailable. I placed an order in the middle of last week, it's been on backorder since and the date keeps getting pushed back. A handful of returns aren't going to change anything; will just fill a few open backorders. We've all seen this many times before.
Whats another $580 among friends to complete my 70 set.
<< <i>
<< <i>On the other end of the stick though, once the returns come in, they'll go back on the market.
there will probably be some returns, but its unlikely to be a significant number. it will just mean a few backorders will get filled. >>
Which of the First Spouse coins was it that went "unavailable" then "available" then "unavailable" then "available" and on and on?
Now that was a hoot to watch! >>
I think you're referring to the Jefferson UNC. I remember I didn't own any gold and missed the boat on the first two Spouse's. By the time I heard
of the hype on the Jeff, it was already "sold out" and I remember placing an order just for the hell of it and it got fulfilled. I should've been way down on the wait list for that one!
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What ballpark does this put the estimated mintages at now?
I knew it would happen.
I believe the set is done at 1250. You may see sales that exceed that - maybe hundreds beyond that number. There are real crazy things happening on that sales report......explained only by the USM's desire to have backup orders in place for potential returns.
They key is that the backorder status started at ~1257, last week, before they went down for repricing.
The problem remains the same - limited capital - with the proof and burnished AGEs, the proof and burnished Gold Buffs, and the low mintage proof and burnished '08 Plats - all of them are looking at all-time low mintages, and most of them being discontinued.
Did I mention "limited capital"?
I knew it would happen.
If I recall correctly, it was 1,989 sets.
Sales of the 2008-W unc. 4 coin sets could be lower. (But not as low as the 2009!)
My Adolph A. Weinman signature
the program ends this year. no more unc-w's.
got it.....
<< <i>Anyone notice the 2007 Reverse set reappeared at $1250. >>
Man that's going to kill the market the RP was bringing over a grand now you can get both coins for about the same price as a 69 RP.
<< <i>I have my doubts if there are going to be many takers even at the reduced price. I believe the First Strike PCGS 70's should hold their price at around 1k >>
First Strike
<< <i>
<< <i>I have my doubts if there are going to be many takers even at the reduced price. I believe the First Strike PCGS 70's should hold their price at around 1k >>
First Strike
I gave up on the whole "First Strike" idea after PCGS took it away from us last spring. I know they gave that privileged back recently, but the damage is already done as far as I am concerned.
I think First Strike is next to meaningless when it comes to platinums.
With the proofs, First Strike didn't exist until more than halfway through the series. You can't collect a full set of FS labels on proofs, so the incentive to have them at all is decreased.
FS was available for the w-uncirculated coins. But the number of possible FS labels for 2008 is absurdly low. Demand isn't so high on the series as it is, I just don't see the FS labels having a long run premium significant enough to make them worth it.
Also, buying early (at least some early sales were probably attributable to desire for FS labels) ended up burning some people, hard.
Look at the issue price for the 4 coin platinum proof set from the Mint:
In May: $4120
In July: $4589
In Oct.: $2420
In Nov.: $2180
There were 759 4 coin platinum proof sets sold prior to October 2008.
Even if all those were sold at the initial $4120 price (instead of $4589), it would come to approximately $3.2M
At current prices, the same 759 sets would cost approximately $1.65M.
Which means those 759 unlucky early buyers lost a combined $1.5 Million.
If you bought a 4 coin proof set in May, you paid 4,120. The same set, now, is almost $2,000 cheaper.
The FS set value would have to be worth $2000 MORE than the regular set to cover the additional acquisition cost.
And even then -- it wouldn't be profitable; that's just to hit break even. FS labels might carry a premium... maybe $20, maybe $50, maybe even $100 per coin. But that isn't saving any of the FS 2008 platinum owners from a big loss. Don't get me wrong -- that loss isn't the fault of the Mint, or PCGS... it's just a factor of the huge drop in platinum from $2300 to $800 in a matter of a couple of months.
And now the full 4 coin set in PCGS FS MS70 is offered by one dealer at $19,995.
Nice increase.
Did he get it?
As I stated “offered” which doesn’t mean that it has been sold.
The point is that many of these rarer sets 10+ years out in FS 70 are bringing big prices.
I’ve personally seen many other key moderns sell for big numbers.
The time period of 2005-2009 was a great period for scoping out potential winners from the USM offerings and actually having a good “flip”.
Many of these issues were flipped and funded collections of the same or other moderns.
No bots. You actually could get the item when you were present at noon on the day of issue.
I had assembled a full collection of the 1/10 Oz Pt coins
graded at MS 70. I sold them, and now i regret it !
I may try to do this again !
That's definitely true about the 70s, but some prices are "aspirational".
2008 was a wild year with many different precious metal offerings (including 08 W Prosperity Set, 08 W Buffalo gold sets, 08W Platinum unc. and proof sets, etc.) and with greatly fluctuating precious metal prices (especially platinum). I was able to buy some offerings but delivery of some of these went well into 2009. So, you many times didn't know if you really had the coins until the Mint shipped them in 2009. The late ship dates and the returns of coins due to lower prices made it difficult to meet First Strike cut off dates. That may be a reason for small number of First Strike coins from 2008.
edited for typos.
I think I have a 4 plate set.