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uncirculated Star Spangled Banner $5 Over 6250 sold

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    RaufusRaufus Posts: 7,582 ✭✭✭✭✭
    Last day of sales. Anyone buying?
    Land of the Free because of the Brave!
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    pf70collectorpf70collector Posts: 6,864 ✭✭✭
    No more red. Looks like they got plenty in stock.
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    HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    This is finally sold out thanks to the last chance sale.
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    Will the star spangled banner unc gold rank second, low mintage wise or third?

    image
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    Shouldn't matter (at least for a long, long time) ... because the 2013 General(s) I suspect will be lower.

    Just my 2 cents.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    djmdjm Posts: 1,565 ✭✭✭✭✭


    << <i>This is finally sold out thanks to the last chance sale. >>



    Didn't even get close to a sell out mintage was 100,000 split between proof and unc. They just stopped selling them. If they waited for a sell out they would be selling them for the next 7 years.
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    << <i>Shouldn't matter (at least for a long, long time) ... because the 2013 General(s) I suspect will be lower.

    Just my 2 cents.

    Wondercoin >>



    Will there be a $5 gold unc. & a $5 Gold Proof for each general?
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    edgaredgar Posts: 886 ✭✭✭✭
    Almost certainly NOT

    (l8-)>>

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    pf70collectorpf70collector Posts: 6,864 ✭✭✭
    I would think the Generals would be popular among Army folks. I like the design of MacArthur and will buy one to keep for my collection. I wonder if the clads will come under 40K like the army clads a few years ago. I will be watching those definitely.
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    6,759 is a good looking number on a $5 gold commem.
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    jmski52jmski52 Posts: 24,023 ✭✭✭✭✭
    I wonder how many cancellations & returns there will be on this.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    << <i>6,759 is a good looking number on a $5 gold commem. >>



    From what source did you get this figure? image
    Robert
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    Final sales number higher than expected
    Gold Spot Tumbled today
    Secondary market thinly traded and looks shaky
    Now let the cancellation game start
    To the free man, the country is the collection of individuals who compose it, not something over and above them. -M. Friedman
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    "6,759 is a good looking sale report on the $5 unc star spang. banner gold commem. If you see them on the net for cheap buy them."

    Eric (or anyone): A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    The problem with this coin short-term is too many large orders got filled by speculators and they struck more coins. If they hadn't struck more coins it would have been to the moon.
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    jmski52jmski52 Posts: 24,023 ✭✭✭✭✭
    A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP

    I wonder if that's enough for the Mint to deny him any further return priviledges? It should be.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    I highly, highly doubt it .... he ordered the coins a long time ago and it was entirely the Mint's fault in my opinion extending out his ship date again and again for a month. He also tried to cancel BEFORE the date the mint scheduled his order for shipping, but they shipped it a day early on him and told him to reject the coins at the door. Does that sound like grounds to punish this guy?

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    The mint needs every customer it can get.image
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    jmski52jmski52 Posts: 24,023 ✭✭✭✭✭
    It's impossible to know what's fair without all the details, but if he got the customer service rep's name and if the rep entered notations to that effect into his customer record, he shouldn't have a problem. There shouldn't be any urgency to move them if he already has authorization to reject the shipment.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    The "urgency" is the hassle in not just saying "I don't want them" to his UPS man at the door, alerting his credit card company to what the Mint specifically told him to do and moving on - right?

    Wondercoin





    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    jmski52jmski52 Posts: 24,023 ✭✭✭✭✭
    Well, any time that you order 60 gold coins, you take a risk that the Mint might ship them before you decide to cancel the order and that your credit card would be charged. If it takes a month to get the credit for a return, then that's the cost of doing business on a scale of 60 gold coins.

    Does he already have a Return Authorization # and the rep's name? It should already be logged in his account record. If so, the credit shouldn't take as long.

    Is he refusing the shipment, or did he take delivery? It seems to me that he played right into the Mint's plan, along with the other 1,500 last-minute orderers.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    He told me that they told him it was Ok to just refuse delivery at the door.

    Now, I personally have NEVER done that and don't plan to anytime soon with the Mint (so I am not suggesting here that it works well - LOL). Has anyone else on the boards done it that way before?

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    This weeks new numbers Star spangled banner unc. Gold 6,759 coin sold.
    I think this is just under CVC by a hair.
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    << <i>This weeks new numbers Star spangled banner unc. Gold 6,759 coin sold.
    I think this is just under CVC by a hair. >>



    Since this 6,759 figure represents the total number of placed (but not yet processed) orders at COB on Dec. 17th, which happens to be the day/time sales ended, this number can only go down since there will be returns and cancellations of orders. Final Mint audit might not be known for a year, so for those who have recently placed orders are in a quandary.

    To cancel/return, or not to cancel/return? That is the question... image
    Robert
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    MilesWaitsMilesWaits Posts: 5,604 ✭✭✭✭✭


    << <i>He told me that they told him it was Ok to just refuse delivery at the door.

    Now, I personally have NEVER done that and don't plan to anytime soon with the Mint (so I am not suggesting here that it works well - LOL). Has anyone else on the boards done it that way before?

    Wondercoin >>



    I did just that, Mitch, as the mint recommended, with a shipment years ago to my POB and they did not credit my account, rather attempted to replace my coin as I did not open the package and indicate otherwise.

    In the end, it took MUCH longer to receive a refund that if I had eaten the postage and filled out the return form. Granted, this was only one high dollar coin, but......

    Miles
    Now riding the swell in PM's and surf.
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    Wow, mcm is selling banner ms70 ER below 590. Flippers are cornered. Bet we will see about 600 to 1000 returns over the next couple of weeks.
    To the free man, the country is the collection of individuals who compose it, not something over and above them. -M. Friedman
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    CoinHuskerCoinHusker Posts: 5,034 ✭✭✭


    << <i>Wow, mcm is selling banner ms70 ER below 590. Flippers are cornered. Bet we will see about 600 to 1000 returns over the next couple of weeks. >>



    Really? I just checked and I don't see any. Sold out? image
    Collecting coins, medals and currency featuring "The Sower"
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭
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    CoinHuskerCoinHusker Posts: 5,034 ✭✭✭


    << <i>
    1987-W US Constitution Bicentennial Gold Five Dollar MS70 NGC



    Our Price: $549.00


    they got em >>




    Thanks but I thought neoclassicalanalyst was referring to the star spangled banner gold?
    Collecting coins, medals and currency featuring "The Sower"
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    wondercoinwondercoin Posts: 17,138 ✭✭✭✭✭
    As an update, that buddy of mine decided to not reject the (60) SSB coins from the mint, but to take delivery of that order. Maybe it was something Eric said image


    "Final Mint audit might not be known for a year"

    Yes, this is the interesting thing ... we may not know if this SSB beats out the CVC coin until close to Thanksgiving 2013!

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
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    s4nys4ny Posts: 1,594 ✭✭✭
    Does the Mint give a full refund on returned coins or make an adjustment for a decline in the gold price?
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    OPAOPA Posts: 17,175 ✭✭✭✭✭


    << <i>Does the Mint give a full refund on returned coins or make an adjustment for a decline in the gold price? >>



    Full refund
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>



    Our Price: $549.00


    they got em >>


    Thanks but I thought neoclassicalanalyst was referring to the star spangled banner gold?

    >>





    Oopps Wow image




    Guess all that modern junk looks the same to me?


    image


    image



    image
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    << <i>6,759 is a good looking number on a $5 gold commem. >>



    Returns and cancellations may lower this figure when new numbers are released this week. Anyone want to predict the new total? I say no less than 5,500... I'm thinking the 6,759 figure looked more attractive to those who were contemplating cancelling their orders.
    Robert
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    kiyotekiyote Posts: 5,636 ✭✭✭✭✭


    << <i>I predicted 7k sales at the beginning of this year. >>



    Hello! It looks like I was off by 27. (7027 reported sold as of 12/27)
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
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    HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    Not low enough to do much especially when they were being hoarded. Our only hope is they didn't strike enough to meet those sales numbers of 7027.
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    << <i>Not low enough to do much especially when they were being hoarded. Our only hope is they didn't strike enough to meet those sales numbers of 7027. >>



    I hope so, too, but I doubt if the Mint underestimated the final number of orders given that that a portion of the proceeds goes toward a third party beneficiary. That's why it may be good news for collectors that Congress is considering abolishing this aspect of modern commemoratives.
    Robert
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    I thought the numbers would be final this report?
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    TomBTomB Posts: 23,283 ✭✭✭✭✭


    << <i>I thought the numbers would be final this report? >>



    With the US Mint, something as apparently straightforward as actual sales of a closed product line can be maddeningly difficult to obtain and may take upwards of a year to receive.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    OPAOPA Posts: 17,175 ✭✭✭✭✭


    << <i>

    << <i>6,759 is a good looking number on a $5 gold commem. >>



    Returns and cancellations may lower this figure when new numbers are released this week. Anyone want to predict the new total? I say no less than 5,500... I'm thinking the 6,759 figure looked more attractive to those who were contemplating cancelling their orders. >>



    Throw away your crystal ballimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    There is a new Star Spangle banner to Collect.

    http://youtu.be/FlLFeezicSg

    image

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