.....and one more ***TRUE*** collector who only wanted one set at the fair price is scr*wed in every bodily aperture that one has because another flipper goes for the quick, down and dirty buck.
I must say that I am thrilled with A-Mark's use of the PCGS BU slabs. I like to have all of my coins in PCGS slabs as I track my inventory with the registry and it protects them nicely, so A-Mark just saved me some cash because I really don't care about grades. I can always have any of the BU coins graded if they show up in great condition.
I also speculate that we'll get the coins sooner than 6-8 weeks, A-Mark just isn't going to promise anything sooner so we don't complain.
I also agree with the previous post that A-Mark decided it was cost-effective for them to PCGS-BU slab these than to acquire capsules and open the tubes and put them in capsules. But also as we also suspect, it also makes sense that A-Mark submitted them all for grading with instructions to slab 69's or better with grades and less as BU.
AP's submitting for grading makes the most sense for explaining the delays in offering these coins to the public.
Good call on the presale, but if the auction ends soon, there is nothing ebay can do about it. My guess these people are gambling on the auction selling by buy it now quickly.
<< <i>Any ideas how these will sell on ebay. I haven't seen any PCGS slabbed coins that had the BU Uncirculated label only. So, no comparisons other than the NGC sets that are GEM Uncirculated that sold for about $2700. >>
I don't think these will sell for over $2k on ebay. Any collector internet savvy enough to use ebay should have been able to purchase their own set by now. >>
if they had savvy they wouldn't buy them on eBay at $2000 - $2500 each. >>
I'm a collector and just wanted a set but not a e-bay prices.
Thank you A Mark (#1500+) and most of all thank all the members of this PCGS forum for all their help.
Long time lurker since the open forum. Jim >>
Congrats to you Jim, and to all the other "just one set" folks who were fortunate enough today to get the one you wanted! Less anyone think I'm the "Flipper's Grouch" which I am and proudly so......I'm thrilled to read of the folks here, like me, who just wanted one set and were able to get it at the fair price that the Mint "set," today and through the other AP's so far.
<< <i>I must say that I am thrilled with A-Mark's use of the PCGS BU slabs. I like to have all of my coins in PCGS slabs as I track my inventory with the registry and it protects them nicely, so A-Mark just saved me some cash because I really don't care about grades. I can always have any of the BU coins graded if they show up in great condition.
I also speculate that we'll get the coins sooner than 6-8 weeks, A-Mark just isn't going to promise anything sooner so we don't complain.
I also agree with the previous post that A-Mark decided it was cost-effective for them to PCGS-BU slab these than to acquire capsules and open the tubes and put them in capsules. But also as we also suspect, it also makes sense that A-Mark submitted them all for grading with instructions to slab 69's or better with grades and less as BU.
AP's submitting for grading makes the most sense for explaining the delays in offering these coins to the public. >>
But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering.
A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch!
"The only place success comes before work is in the dictionary."
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't.
<< <i>A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch! >>
PC did a great thing in posting that. We'll never know how many "just one set" collectors he helped. I hope your set comes much faster than 6-8 weeks (mine came from MTB in 2 after being told 4-6) so I'll keep my fingers crossed for you.
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense...
A-Mark did a great job. Their server was painfully slow, but it did not crash like many people expected. They processed a lot of orders in close to 2 hours.
I will say one thing, as a previous APMEX customer, I think I was dealt with much more fairly with Amark and will be sending my business their way now. With 3000 or so sets, and 3000 or so sold, I would say that the coins were not high graded, just slabbed with the First Strike (which I greatly appreciate), and are probably a mix of grades including MS69.
I think A-mark did a lousy job. Even now the Register Page does not come up at work, yet I can see every other web site in the world. That gives them a BIG "F".
<< <i>I will say one thing, as a previous APMEX customer, I think I was dealt with much more fairly with Amark and will be sending my business their way now. With 3000 or so sets, and 3000 or so sold, I would say that the coins were not high graded, just slabbed with the First Strike (which I greatly appreciate), and are probably a mix of grades including MS69. >>
Given the hurdle AMark was faced with (not set up as a retailer) I think they handled pretty well. It was not perfect--there seemed to be some redundancy and unnecessary screens, none of which I paid much attention to because I was just focused on getting through. Although their server didn't crash, I felt like it was dangerously close.
Of course, we don't have the coins in hand yet and the jury's still out on if they kept the 69s, so it's still too early to issue a verdict. But overall, I think this was one of the more fair experiences with the pucks yet.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
<< <i>I think A-mark did a lousy job. Even now the Register Page does not come up at work, yet I can see every other web site in the world. That gives them a BIG "F". >>
You have puter problems! Comes up just fine here as it has for the last 3 hours. Don't blame them for your issues. I give them a B+ overall. Slow as expected but it did not implode as some expected!
<< <i>this is an example of what gets my craw. People who want a single set vs. those who "team up" for 10 of them or those who only wanted a set but wonder how to flip them because they are "BU Uncirc" and what does that mean to hitting the lottery?
Whatever happened both to collecting because you want to own a particular coin or set and plotting out how to greedily grab 1 or 10 to flip, thereby denying someone who just wanted a set to collect?
It's sad, it's really sad to the point that it stinks, IMHO. >>
I made $144 today. I just couldn't justify taking a day off from work to try and "compete" with the rich and greedy!
Hey - I guess I dropped in just in time on the amark site. I got order #2648. I was at work and had about six windows open as I was in the middle of an audit and didn't have time to monitor the whole show. Luckily I checked back in time when the paypal screen finally appeared. I paid and returned to the amark site and they were out. I was just after my own set so I won't likely flip it unless I don't like them. I like the Mt Hood design and the PCGS holder was a bonus.
<< <i>I made $144 today. I just couldn't justify taking a day off from work to try and "compete" with the rich and greedy! >>
Sadly, had you taken the day off & got through & purchased a set for flipping, you would have made about a thousand dollars. I commend you for not succombing to the "Sirens' call".
"The only place success comes before work is in the dictionary."
<< <i>A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch! >>
PC did a great thing in posting that. We'll never know how many "just one set" collectors he helped. I hope your set comes much faster than 6-8 weeks (mine came from MTB in 2 after being told 4-6) so I'll keep my fingers crossed for you. >>
You guys are welcome, I'm glad it helped some people. I stumbled upon that and when I figured it out I thought it might help someone. Glad it did.
I too had to buy from work. Funny how all morning no one stops by, and then 5-10min before sale time, everybody stops by and needs something from me...
As far as my theory goes, when you submit bulk submissions to PCGS, my understanding is that you specify a minimum grade. Coins that don't make the grade are usually not slabbed, but that doesn't mean that they didn't have a special deal to slab as BU or it may even be an option for bulk submissions. The bulk submission pricing may have made it affordable. If this is true, then my theory as to what to do with the coins has to also be true, which would be to sit on them until all of the dust settles and/or dole them out onesy-twosey through Ebay or in bulk through some other channels through special arrangements outside of the business or through HSN or similar. Just a theory. Something has to account for the 800 or so remaining unsold sets (of which we know of only plans to sell 250). Unless A-Mark sells the rest after that.
<< <i>I made $144 today. I just couldn't justify taking a day off from work to try and "compete" with the rich and greedy! >>
Sadly, had you taken the day off & got through & purchased a set for flipping, you would have made about a thousand dollars. I commend you for not succombing to the "Sirens' call". >>
>>
Obviously, you overlooked the word "rich" in my post. edited to adjust quotation.
I was just over crusin' the Kitco silver forums. No order conf. #s beyond 26xx reported.
2700 might have been the max. Add 250, that leaves around 3000. They can have as many as 3700, I believe, meaning 15-20% could remain unsold. What percentage do you guys think falls into the 69 category so far?
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
With the size of AMARK and the deals they do with their customers,
it doesnt make sense that they had any plan of "peeling" away the 69's and selling the rest.
Not enough money in it to worry about. Did you even see th size of their minimum bullion orders?
I think it was just a convenient way of having the coins in some holder, they didnt have to go out special and have them made, they didnt have to use any of their staff to secure coins in holders, or deal with complaints from customers.
Lets face it, who is going to complain about getting PCGS FS BU holdering for the price they sold for? Nobody.
So far, they have this handled the most efficient way possible.
the only logical complaint one could have is - - --
no option of any other payment method but PAYPAL (even though their terms say cert check or mo)
but I see why they handled it this way - easy to track, refund if necessary, etc.
there must be some number of orders that will get DK'd. I suppose P.O. Boxes might get kicked out, 1 per HH violations, there has to be some screw ups.
Normally a bulk order would specify a min grade, like 69, then everything else BU (or dont holder)
I just dont see them doing this. Thats just my feeling. They dont need it. These guys are VERY BIG. Why bother.
I think the deal was "how cheap can you holder the whole lot for" - -- BU being the way to cheaply holder everything without PCGS taking any time to look and grade
<< <i>I will say one thing, as a previous APMEX customer, I think I was dealt with much more fairly with Amark and will be sending my business their way now. With 3000 or so sets, and 3000 or so sold, I would say that the coins were not high graded, just slabbed with the First Strike (which I greatly appreciate), and are probably a mix of grades including MS69. >>
Easier said than done. Your minimum bullion order with AMArk is $50k, which btw, is similar to the other non retail AP's. Glad to see your having that kind of loot
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I see where you are going, but 10% or fewer could be 69s and dealt out the back door.
the only logical complaint one could have is - - --
no option of any other payment method but PAYPAL (even though their terms say cert check or mo)
but I see why they handled it this way - easy to track, refund if necessary, etc.
there must be some number of orders that will get DK'd. I suppose P.O. Boxes might get kicked out, 1 per HH violations, there has to be some screw ups. >>
Plus you can use the paypal multi-order shipping tool and get all the labels paid and printed along with packing slips done with a few clicks of the button.
Somebody else got mine... had great plans but then got sidetracked by dress-up day at Hooters. Those hot wings, man, they can derail a guy's plan in an instant... Beware the hot wings, young men, beware...
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I see where you are going, but 10% or fewer could be 69s and dealt out the back door. >>
It's just that A-Mark handles so much business any potential gains vs. costs would be a grain of sand on a beach and hardly worth the effort.
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I don't understand why they would send any to PCGS if they were hogtied on the pricing. What do they gain since it must cost something to holder these disks as BU? People would have bought all of them without the holder. What do they gain in this?
Gold and silver are valuable but wisdom is priceless.
Let's say I wanted to get numerical grades on mine...how much woukd that cost? Would I have to pay for First Strike, even though it's already in a FS holder?
Comments
This is my first set, too! And if I manage to get another, it means I will have birthday presents for my grandson for the next 5 years!
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
add the 250 they posted on their website that puts it at 28xx - 29xx
I have to wonder if they purchased 3000 sets or did they purchase more. If they purchased more, where are they?
Come back and enter every month! wooohoooo
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
Ebay Link
Amazing! They really don't waste any time, do they?!
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
<< <i>Well, we'll see how these do on ebay on the presales. Here is one I was alerted to.
Ebay Link >>
that's a fast flip.
<< <i>
<< <i>Well, we'll see how these do on ebay on the presales. Here is one I was alerted to.
Ebay Link >>
that's a fast flip. >>
.....and one more ***TRUE*** collector who only wanted one set at the fair price is scr*wed in every bodily aperture that one has because another flipper goes for the quick, down and dirty buck.
<< <i>I think an actual picture of the slab and coin will be the better way to go on ebay >>
normally, I'd agree, but with these things, the ebay buyers have been crazy.
<< <i>Well, we'll see how these do on ebay on the presales. Here is one I was alerted to.
Ebay Link >>
This one is complete and lists the coins as 'PCGS BU First Strike' - are these A-Mark as well?
Link
I also speculate that we'll get the coins sooner than 6-8 weeks, A-Mark just isn't going to promise anything sooner so we don't complain.
I also agree with the previous post that A-Mark decided it was cost-effective for them to PCGS-BU slab these than to acquire capsules and open the tubes and put them in capsules. But also as we also suspect, it also makes sense that A-Mark submitted them all for grading with instructions to slab 69's or better with grades and less as BU.
AP's submitting for grading makes the most sense for explaining the delays in offering these coins to the public.
<< <i>
<< <i>
<< <i>
<< <i>Any ideas how these will sell on ebay. I haven't seen any PCGS slabbed coins that had the BU Uncirculated label only. So, no comparisons other than the NGC sets that are GEM Uncirculated that sold for about $2700. >>
I don't think these will sell for over $2k on ebay. Any collector internet savvy enough to use ebay should have been able to purchase their own set by now. >>
if they had savvy they wouldn't buy them on eBay at $2000 - $2500 each.
I'm a collector and just wanted a set but not a e-bay prices.
Thank you A Mark (#1500+) and most of all thank all the members of this PCGS forum for all their help.
Long time lurker since the open forum.
Jim >>
Congrats to you Jim, and to all the other "just one set" folks who were fortunate enough today to get the one you wanted! Less anyone think I'm the "Flipper's Grouch" which I am and proudly so......I'm thrilled to read of the folks here, like me, who just wanted one set and were able to get it at the fair price that the Mint "set," today and through the other AP's so far.
<< <i>I must say that I am thrilled with A-Mark's use of the PCGS BU slabs. I like to have all of my coins in PCGS slabs as I track my inventory with the registry and it protects them nicely, so A-Mark just saved me some cash because I really don't care about grades. I can always have any of the BU coins graded if they show up in great condition.
I also speculate that we'll get the coins sooner than 6-8 weeks, A-Mark just isn't going to promise anything sooner so we don't complain.
I also agree with the previous post that A-Mark decided it was cost-effective for them to PCGS-BU slab these than to acquire capsules and open the tubes and put them in capsules. But also as we also suspect, it also makes sense that A-Mark submitted them all for grading with instructions to slab 69's or better with grades and less as BU.
AP's submitting for grading makes the most sense for explaining the delays in offering these coins to the public. >>
But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering.
A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch!
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch!
PC did a great thing in posting that. We'll never know how many "just one set" collectors he helped. I hope your set comes much faster than 6-8 weeks (mine came from MTB in 2 after being told 4-6) so I'll keep my fingers crossed for you.
<< <i>
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense...
<< <i>
<< <i>Well, we'll see how these do on ebay on the presales. Here is one I was alerted to.
Ebay Link >>
This one is complete and lists the coins as 'PCGS BU First Strike' - are these A-Mark as well?
Link >>
Yup, sure looks like it. The Waco Kid---fastest flipper in the West!
<< <i>I will say one thing, as a previous APMEX customer, I think I was dealt with much more fairly with Amark and will be sending my business their way now. With 3000 or so sets, and 3000 or so sold, I would say that the coins were not high graded, just slabbed with the First Strike (which I greatly appreciate), and are probably a mix of grades including MS69. >>
Given the hurdle AMark was faced with (not set up as a retailer) I think they handled pretty well. It was not perfect--there seemed to be some redundancy and unnecessary screens, none of which I paid much attention to because I was just focused on getting through. Although their server didn't crash, I felt like it was dangerously close.
Of course, we don't have the coins in hand yet and the jury's still out on if they kept the 69s, so it's still too early to issue a verdict. But overall, I think this was one of the more fair experiences with the pucks yet.
<< <i>I think A-mark did a lousy job. Even now the Register Page does not come up at work, yet I can see every other web site in the world. That gives them a BIG "F". >>
You have puter problems! Comes up just fine here as it has for the last 3 hours. Don't blame them for your issues. I give them a B+ overall. Slow as expected but it did not implode as some expected!
<< <i>this is an example of what gets my craw. People who want a single set vs. those who "team up" for 10 of them or those who only wanted a set but wonder how to flip them because they are "BU Uncirc" and what does that mean to hitting the lottery?
Whatever happened both to collecting because you want to own a particular coin or set and plotting out how to greedily grab 1 or 10 to flip, thereby denying someone who just wanted a set to collect?
It's sad, it's really sad to the point that it stinks, IMHO. >>
I made $144 today.
I have order #37, my son has order number 26xx. + multipe sets from 3rd party sellers.
The pre-sale's will get bumped for reasons stated earlier.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>I made $144 today.
I resent being called rich.
Maine_Jim
<< <i>
<< <i>I made $144 today.
I resent being called rich.
Your "guilty of greed" plea remains on record?
<< <i>
<< <i>I made $144 today.
Sadly, had you taken the day off & got through & purchased a set for flipping, you would have made about a thousand dollars.
I commend you for not succombing to the "Sirens' call".
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
<< <i>
<< <i>A big "Thank You" to ProofCollection. Your tip about clicking on the shopping cart in the upper right corner enabled me to get a set. I was stuck on that page for nearly an hour. I didn't know that was a link. Obviously, I don't have much experience with online ordering. So thank you very much for the advice, and thanks to everyone else here for the helpful comments. You're a great bunch!
PC did a great thing in posting that. We'll never know how many "just one set" collectors he helped. I hope your set comes much faster than 6-8 weeks (mine came from MTB in 2 after being told 4-6) so I'll keep my fingers crossed for you. >>
You guys are welcome, I'm glad it helped some people. I stumbled upon that and when I figured it out I thought it might help someone. Glad it did.
I too had to buy from work. Funny how all morning no one stops by, and then 5-10min before sale time, everybody stops by and needs something from me...
As far as my theory goes, when you submit bulk submissions to PCGS, my understanding is that you specify a minimum grade. Coins that don't make the grade are usually not slabbed, but that doesn't mean that they didn't have a special deal to slab as BU or it may even be an option for bulk submissions. The bulk submission pricing may have made it affordable. If this is true, then my theory as to what to do with the coins has to also be true, which would be to sit on them until all of the dust settles and/or dole them out onesy-twosey through Ebay or in bulk through some other channels through special arrangements outside of the business or through HSN or similar. Just a theory. Something has to account for the 800 or so remaining unsold sets (of which we know of only plans to sell 250). Unless A-Mark sells the rest after that.
<< <i>
<< <i>
<< <i>
<< <i>I made $144 today.
Sadly, had you taken the day off & got through & purchased a set for flipping, you would have made about a thousand dollars.
I commend you for not succombing to the "Sirens' call".
>>
Obviously, you overlooked the word "rich" in my post.
edited to adjust quotation.
Touche!
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
2700 might have been the max. Add 250, that leaves around 3000. They can have as many as 3700, I believe, meaning 15-20% could remain unsold. What percentage do you guys think falls into the 69 category so far?
it doesnt make sense that they had any plan of "peeling" away the 69's and selling the rest.
Not enough money in it to worry about. Did you even see th size of their minimum bullion orders?
I think it was just a convenient way of having the coins in some holder, they didnt have to go out special and have them made, they didnt have to use any of their staff to secure coins in holders, or deal with complaints from customers.
Lets face it, who is going to complain about getting PCGS FS BU holdering for the price they sold for? Nobody.
So far, they have this handled the most efficient way possible.
the only logical complaint one could have is - - --
no option of any other payment method but PAYPAL (even though their terms say cert check or mo)
but I see why they handled it this way - easy to track, refund if necessary, etc.
there must be some number of orders that will get DK'd. I suppose P.O. Boxes might get kicked out, 1 per HH violations, there has to be some screw ups.
Normally a bulk order would specify a min grade, like 69, then everything else BU (or dont holder)
I just dont see them doing this. Thats just my feeling. They dont need it. These guys are VERY BIG. Why bother.
I think the deal was "how cheap can you holder the whole lot for" - -- BU being the way to cheaply holder everything without PCGS taking any time to look and grade
<< <i>I will say one thing, as a previous APMEX customer, I think I was dealt with much more fairly with Amark and will be sending my business their way now. With 3000 or so sets, and 3000 or so sold, I would say that the coins were not high graded, just slabbed with the First Strike (which I greatly appreciate), and are probably a mix of grades including MS69. >>
Easier said than done. Your minimum bullion order with AMArk is $50k, which btw, is similar to the other non retail AP's. Glad to see your having that kind of loot
100 oz of gold or platinum
<< <i>
<< <i>
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I see where you are going, but 10% or fewer could be 69s and dealt out the back door.
<< <i>thinking about their method of sale,
the only logical complaint one could have is - - --
no option of any other payment method but PAYPAL (even though their terms say cert check or mo)
but I see why they handled it this way - easy to track, refund if necessary, etc.
there must be some number of orders that will get DK'd. I suppose P.O. Boxes might get kicked out, 1 per HH violations, there has to be some screw ups. >>
Plus you can use the paypal multi-order shipping tool and get all the labels paid and printed along with packing slips done with a few clicks of the button.
<< <i>
<< <i>
<< <i>
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I see where you are going, but 10% or fewer could be 69s and dealt out the back door. >>
It's just that A-Mark handles so much business any potential gains vs. costs would be a grain of sand on a beach and hardly worth the effort.
<< <i>
<< <i>
<< <i>But that means each coin must be graded, even if it is just to see if it meets the MS69 criteria. That's labor which would add to the cost. I still think the initial allocation of 3000 sets were all slabbed, ungraded. The second allocation is probably in process and will be sold later either to those on the wait list or in a subsequent offering. >>
Exactly as he said, and more. What would A-Mark do with a small hoard of 69s? They are still limited to what they can charge by the mint's guidelines, assuming they continue to follow them. It makes no sense that they would cherry-pick or have PCGS grade all of them and slab the culls as BU. The extra expense for grading them is a no-go under the pricing limitations. Do you think that 90% of the submission are really culls? I don't. >>
The whole cherry pick suggestion is pure nonsense... >>
I don't understand why they would send any to PCGS if they were hogtied on the pricing. What do they gain since it must cost something to holder these disks as BU? People would have bought all of them without the holder. What do they gain in this?
<< <i>It's just that A-Mark handles so much business any potential gains vs. costs would be a grain of sand on a beach and hardly worth the effort. >>
Agreed 100%.
<< <i>People would have bought all of them without the holder. What do they gain in this? >>
No returns and happy customers.
-Paul