Will Mint up the 100k
ScarsdaleCoin
Posts: 5,234 ✭✭✭✭✭
if you read the fine print...looks like they can up the number....interesting
Jon Lerner - Scarsdale Coin - www.CoinHelp.com
0
Comments
The product limit has been there since the launch, I doubt they will change it.
100k
however, they have place 100k on the web page after the web page went up. That's point 1, and
point 2 is they have to start minting 2012 coins. They are in a bit of a time crunch.
I do not think they will up the 100k.
<< <i>That would stir up the market a bit.
If the Mint decides to churn out more, I'll simply return those that I ordered.
Easy-peasy.
Also like someone else mentioned the mint probably doesn't have time to produce any more. They'll have to start producing 2012 ASE bullion right after they're done punching these.
Shortage of Blanks as they're made in Australia...!
Same reason in 2010 I think...
Currently Listed: Nothing
Take Care, Dave
<< <i>the 2010 pucks sold like hotcakes at first and the mint didn't budge, not saying that means they won't but it is something to keep in mind.
Also like someone else mentioned the mint probably doesn't have time to produce any more. They'll have to start producing 2012 ASE bullion right after they're done punching these. >>
Yep, they have to start minting those bound-to-be-a-sellout ASE 26th Anniversary Sets soon!
Unless of course, it gets over the 250,000 mark. Than I might "start" being concerned.
The name is LEE!
<< <i>
<< <i>That would stir up the market a bit.
If the Mint decides to churn out more, I'll simply return those that I ordered.
Easy-peasy. >>
They will wait until 8+ days after everyone has received their order to strike up the presses again.
Actually, I'm thinking if they do anything, they will sell the special coins (Reverse PROOF and S mint bullion) on a one by one basis sometime near Dec. 1.
GEEEZ, it is not going to happen
People were spending the $300 based on that mintage...right?
If they did I would find it hard to ever listen to them again......
<< <i>Since they stated there was a set mintage of 100k wouldn't minting more be breaking a verbal (printed) contract? There has to be some legal issue there.
People were spending the $300 based on that mintage...right? >>
Their terms of use allow them basically to do what they want, as with almost every website they reserve the right to make changes, and say they are not responsible to omissions or errors. Changes could fall into a number of the terms they have in their terms of use.
<< <i>Under product scheduled on the US Mint web site there is nothing for the remainder of the year that says they will be releasing any more ASE anything. So 100 K is it. >>
It also says products later in the year may be added and dates are subject to change without notice, I'm not saying they will produce more, but if they were to up this mintage they wouldn't put it there, and just because its not on this list doesn't mean its not going to happen.
inititialy the wording was up to 100k with 5 per then it was 100k with price.
the only conceivable thing (IMHO) they could do is issue an "S" burnished by itself and that's a very small one.
i can't remember if those (singles of the '06 "W" burnished) were added as an afterthought or already in the plans??
<< <i>the only conceivable thing (IMHO) they could do is issue an "S" burnished by itself and that's a very small one.
i can't remember if those (singles of the '06 "W" burnished) were added as an afterthought or already in the plans?? >>
Sort of like a consolation prize?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>i can't remember if those (singles of the '06 "W" burnished) were added as an afterthought or already in the plans?? >>
A bunch of the 2006-W ASE was also issued with the 2006-W burnished 1 ounce AGE in a set.
<< <i>I say no, if you think folks are mad now just up the mintage or change quanities shipped.
If they did I would find it hard to ever listen to them again......
If they just change stuff like that willy-nilly and get away with it, I would never deal with the mint again...that's for sure
I think the mint is smart enough to realize the uproar changing anything at this point would cause...
You would be silly.
> Unless of course, it gets over the 250,000 mark. Than I might "start" being concerned.
Exactly. 100k, 125k, 150k, wouldn't affect the price enough for anything drastic. It would still be very limited and a great investment.
-Keith
<< <i>If the Cardinals lose tonight I am going to see if MLB will change this years World Series to a best of nine. That sounds more fair. >>
- Jim
<< <i>the only conceivable thing (IMHO) they could do is issue an "S" burnished by itself and that's a very small one.
i can't remember if those (singles of the '06 "W" burnished) were added as an afterthought or already in the plans?? >>
Almost certainly slngle 06-W burnished silver eagles were already in the plans, since single "W" burnished gold and platinum eagles were launched the same year.
My Adolph A. Weinman signature
<< <i>I don't think they could if they want to...
Shortage of Blanks as they're made in Australia...!
Same reason in 2010 I think... >>
The blanks for these are made in australia?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>No >>
Not even maybe
I'm going to do the reverse...because I bet my coworker...and I want a free lunch..and I hate Texas.
>The US Mint would be wise to throw collectors a bone now and again.
Exactly. It's not like I didn't know about the offering or forgot or decided to wait until I got off work. I was there at 11:55am hitting refresh for 5 hours.
But because of their crappy system and general greed, I may get screwed. Rewarding greed and screwing people that support you year after year is not a recipe for success.
Just sayin...
-Keith
It is clear that the current system (even when limited to 5 sets per household) leaves many collectors without a set.
Whatever "approval" is required should be simple enough to get done.
The profits from the additional sales could go toward reducing the $15,000,000,000,000 debt.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>I think the mint ought to "up" the limit to whatever the market will bear.
It is clear that the current system (even when limited to 5 sets per household) leaves many collectors without a set.
>>
Do you think there are 100,000 collectors of ASEs?
I don't know if the series is that popular, though I suspect it may be.
At any rate, every collector who REALLY wants a set will eventually get a set.
Maybe not for issue price but if they want one bad enough, they'll fork over the necessary cash.
That's the American way!
Won't all of these ultimately end up in collector's hands? Seems most people are flipping (even the collector's) which means the people who are buying them at a premium WANT them, which means they are collectors...which means ultimately, the collector's will end up with all of them...
Also, from a collector's standpoint, the more that are minted, the less likely a collector will want them.
Just my thoughts...
<< <i>> If the Mint decides to churn out more, I'll simply return those that I ordered.
You would be silly.
>>
I would only return them if I couldn't flip them for more than I paid for them.
If the Mint decides to flood the market with ASE 25th sets, they could conceivably sell for less than issue price in the aftermarket, after the best of the sets are cherry-picked..
Anyhoo, I don't think the Mint will make more, notwithstanding the self-righteous breast-beating, whining and sour grapes from those who didn't get their orders in.
<< <i>They won't up the mintage but I got a feeling they might mint the "S" marked coin, they got the dies and blanks to do it. It would certainly short-circuit everything. >>
A feeling based on what?
I'm not sure "sour grapes" applies. I'm not pretending I don't want the set. I'm just worried I got screwed out of the set.
And I'm not saying that the mint should make more. I'm just saying having a crappy system which rewards some of your customers with 4 items they can flip and screwing other customers is not a way to keep them happy and coming back.
Plus I think there is a huge range between the Mint satisfying people who were trying to order one at the second they went onsale and getting screwed and making so many it kills your flip.
-Keith
<< <i>
<< <i>I don't think they could if they want to...
Shortage of Blanks as they're made in Australia...!
Same reason in 2010 I think... >>
The blanks for these are made in australia?
We ship Gold and Silver bars mined/refined in the USA, they ship back blanks to our specs...
Here's a YouTube Video about the Perth Mint @ min mark 2:15 you can see the gold and Silver blanks they make for us...
With Unemployment/Shipping so high you would think we could do it here...
The Perth Mint
That being the case I'm sure they have to order blanks many months in advance to the release and do not have 500k extra blanks laying around...
Currently Listed: Nothing
Take Care, Dave
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>The phrase sour grapes is an expression originating from "The Fox and the Grapes," one of Aesop's Fables. It refers to pretending not to care for something one does not or cannot have.
I'm not sure "sour grapes" applies. I'm not pretending I don't want the set. I'm just worried I got screwed out of the set.
And I'm not saying that the mint should make more. I'm just saying having a crappy system which rewards some of your customers with 4 items they can flip and screwing other customers is not a way to keep them happy and coming back.
Plus I think there is a huge range between the Mint satisfying people who were trying to order one at the second they went onsale and getting screwed and making so many it kills your flip.
-Keith >>
How were you "screwed out of the set"?
You had just as good a chance to order as the rest of the world, did you not?
Many of us here spent considerable time in a frustrating attempt to get thru to the Mint's web and phone sites.
You were free to do the same, yet you either chose not to or you were unlucky and didn't get in in time to order.
For the most part what I'm hearing in this forum from those who weren't able to get an order in is, most definitely, sour grapes.
If they had gotten their orders in, they wouldn't be complaining that the system was unfair.
And I admit that there were those gaming the system. I'm sure big dealers had stooges calling up and on-line placing orders for them.
If you really want a set so bad, you'll just have to pay the going price now. That's capitalism.
Suddenly "perfection" isn't that big a deal I guess!
I doubt my order fills, but I don't want to see them up the limit.
Granted, some small number of people or businesses may have successfully gamed the system (such is life), but I would be willing to bet that the vast majority of orders were to individual households, also as per the terms of the sale.
Unfortunately, when there's a limited supply of anything (World Series tickets, concert tickets, coin sets, etc.), there are always people shut out. For those who say the limit should be raised...would 150k being sold in 6 or 7 hours have been much better...or maybe 200k in 2 days?!? And somebody would still have been shut out.
But are we really saying that minting to demand is a solution? If so, how are your baseball card and stamp collections going these days?
And with the Mint already cancelling both non-conforming and orders placed late, I'm not seeing any changes to the terms of the sale coming down the pike.