Home U.S. Coin Forum

***The Official 2013 American Buffalo Reverse Proof(BV1) Thread***......Post your order numbers here

18911131433

Comments

  • derrybderryb Posts: 36,550 ✭✭✭✭✭


    << <i>Without going into detail, the guesstimate of sales is 2000 but I have a call into the FOIA office to get the official number.

    (I have reason to believe the issue is the sales people sell and don't order and I'm not having them put their necks on the line to ask the right person, so I called the FOIA office.) >>


    Coin World is reporting 2000 total sales at ANA

    "The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong

  • pf70collectorpf70collector Posts: 6,522 ✭✭✭
    This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage. My bet is this coin will have a 70K mintage total.

    I bought the reverse proof buffalo from the mint the first 5 minutes they went on sale. Haven't decided whether I will have it graded or not.
  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage. My bet is this coin will have a 70K mintage total.

    I bought the reverse proof buffalo from the mint the first 5 minutes they went on sale. Haven't decided whether I will have it graded or not. >>



    I agree, $3k may appear to be stupid money at this point. I suspect that the total will be considerably less than 50k sold. I lucked out with the 2006 one. Purchased a set from the Mint, had it graded, came back PCGS FS 70.

    BTW, if you must have a graded one, MCM has the ANA ones on sale for $2900 ... PCGS 70 ... they only have 40 available.... very limited time offer
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,627 ✭✭✭✭✭
    Has the Mint started shipping to "the little people" yet? I haven't been keeping up.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BAJJERFANBAJJERFAN Posts: 31,051 ✭✭✭✭✭


    << <i>

    << <i>This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage. My bet is this coin will have a 70K mintage total.

    I bought the reverse proof buffalo from the mint the first 5 minutes they went on sale. Haven't decided whether I will have it graded or not. >>



    I agree, $3k may appear to be stupid money at this point. I suspect that the total will be considerably less than 50k sold. I lucked out with the 2006 one. Purchased a set from the Mint, had it graded, came back PCGS FS 70.

    BTW, if you must have a graded one, MCM has the ANA ones on sale for $2900 ... PCGS 70 ... they only have 40 available.... very limited time offer >>



    Do you think it would be fair play for the mint to sell graded coins?
    theknowitalltroll;
  • MsMorrisineMsMorrisine Posts: 32,677 ✭✭✭✭✭


    << <i>Has the Mint started shipping to "the little people" yet? I haven't been keeping up. >>




    not yet.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,118 ✭✭✭✭✭


    << <i>Do you think it would be fair play for the mint to sell graded coins? >>



    Absolutely NOT.

    They are in business to produce coins & not get them graded. I have to admit, their quality control, judging by the 70 graded coins issued by the 2 TPG's, has improved substantially.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CMCARTCMCART Posts: 1,409 ✭✭✭
    Link : 2013-W Gold Buffalo Reverse PR70 ***Chicago ANA 2013 Label*** $2,849 imageimage


    Text


    imageimage



    image
    image
    Abraham Lincoln (February 12, 1809 – April 15, 1865)
    5$ bills are WOW with the numbers - wanted:
    02121809
    04151865
    Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
    Wanted - 10$ Sereis 2013 - fancy Serial Numbers
  • blu62vetteblu62vette Posts: 11,904 ✭✭✭✭✭


    << <i>Link : 2013-W Gold Buffalo Reverse PR70 ***Chicago ANA 2013 Label*** $2,849 imageimage


    Text


    imageimage >>



    They are also for sale on GreatColletions.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • nibannynibanny Posts: 2,761
    These RP Buffalos seem very hard to be photographed.
    Can't wait to have one of our "master photographers" here on the forum sharing some pictures!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • CMCARTCMCART Posts: 1,409 ✭✭✭


    << <i>

    << <i>Link : 2013-W Gold Buffalo Reverse PR70 ***Chicago ANA 2013 Label*** $2,849 imageimage


    Text


    imageimage >>



    They are also for sale on GreatColletions. >>



    Thanks Todd image
    Abraham Lincoln (February 12, 1809 – April 15, 1865)
    5$ bills are WOW with the numbers - wanted:
    02121809
    04151865
    Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
    Wanted - 10$ Sereis 2013 - fancy Serial Numbers
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,172 ✭✭✭✭✭
    outbid on the NGC PR 70, thinking $2777. was more than enough to win it on ebay.
    Also outbid on the PR 69, too. Thinking $1837 was more than enough to win it, on eBay. ~ both from Chi-Towne-USA via Silver and Gold through the ANA

    Testing the market. I'll wait for mine from the mint, like us little people do image Patiently. And they'll likely stay in the OGP forever and ever.
  • nibannynibanny Posts: 2,761


    << <i>
    Testing the market. I'll wait for mine from the mint, like us little people do image Patiently. And they'll likely stay in the OGP forever and ever. >>



    Same here.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • CMCARTCMCART Posts: 1,409 ✭✭✭
    Text


    Greatcollectionsimage





    image
    Abraham Lincoln (February 12, 1809 – April 15, 1865)
    5$ bills are WOW with the numbers - wanted:
    02121809
    04151865
    Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
    Wanted - 10$ Sereis 2013 - fancy Serial Numbers
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    These are gone at this price.... sold 40 coins in 90 minutes...... sold them a little cheap on purpose to keep our notifications customers happy.

    Thanks,
    John






    << <i>Link : 2013-W Gold Buffalo Reverse PR70 ***Chicago ANA 2013 Label*** $2,849 imageimage


    Text


    imageimage



    image
    image >>

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • wondercoinwondercoin Posts: 16,854 ✭✭✭✭✭
    "These are gone at this price.... sold 40 coins in 90 minutes...... sold them a little cheap on purpose to keep our notifications customers happy."

    I guess that squarely answers the question of whether they should be worth about the same as a First Strike coin! Good job John!

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭


    << <i>Text

    Greatcollectionsimage

    image >>


    I notice that there is a different coin number for these ANA ones from the number I got from CS when I called. I was told FS = 520051 and non FS = 520050

  • blu62vetteblu62vette Posts: 11,904 ✭✭✭✭✭


    << <i>

    << <i>Text

    Greatcollectionsimage

    image >>


    I notice that there is a different coin number for these ANA ones from the number I got from CS when I called. I was told FS = 520051 and non FS = 520050 >>



    The ANA coins have their own coin number.

    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭


    << <i>

    << <i>Do you think it would be fair play for the mint to sell graded coins? >>



    Absolutely NOT.

    They are in business to produce coins & not get them graded. I have to admit, their quality control, judging by the 70 graded coins issued by the 2 TPG's, has improved substantially. >>



    I have been thinking about the FS designation. We know that the first shipped may not be the first stuck. Your not in favor of the Mint selling graded coins and neither am I but here is a question for you:
    Would you like the Mint to sell actual first die strikes, the number depending on denomination and die life span? For the purposes of this question lets say the first 1,000 from each die pair. Special handling and segregation to insure chain of custody. These could be sold for a premium over the regular Mints collectors premium but be true First Strikes. Maybe called "Choice" or "First Run" or something. Actual limited production based on the quantity of die pairs used. Ongoing supply as dies are changed out. Over all totals of segregated coins maybe set a predetermined number, say 10,000 for the sake of argument. Limited order of one per customer/family.
    What do you think?

  • GoldbullyGoldbully Posts: 17,073 ✭✭✭✭✭
    This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage.
    Words to abide by for sure.


    edited to add: That was an amazing frenzy wasn't it!! image
  • badhop55badhop55 Posts: 158 ✭✭✭


    << <i>

    << <i>

    << <i>Do you think it would be fair play for the mint to sell graded coins? >>



    Absolutely NOT.

    They are in business to produce coins & not get them graded. I have to admit, their quality control, judging by the 70 graded coins issued by the 2 TPG's, has improved substantially. >>



    I have been thinking about the FS designation. We know that the first shipped may not be the first stuck. Your not in favor of the Mint selling graded coins and neither am I but here is a question for you:
    Would you like the Mint to sell actual first die strikes, the number depending on denomination and die life span? For the purposes of this question lets say the first 1,000 from each die pair. Special handling and segregation to insure chain of custody. These could be sold for a premium over the regular Mints collectors premium but be true First Strikes. Maybe called "Choice" or "First Run" or something. Actual limited production based on the quantity of die pairs used. Ongoing supply as dies are changed out. Over all totals of segregated coins maybe set a predetermined number, say 10,000 for the sake of argument. Limited order of one per customer/family.
    What do you think? >>



    Who gets first crack at these? Are dealers sent to the back of the line? Are there sales limits, 1 per, 2 per...?
  • CMCARTCMCART Posts: 1,409 ✭✭✭


    << <i>This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage.
    Words to abide by for sure.


    edited to add: That was an amazing frenzy wasn't it!! image >>



    Very interesting what will be the price of it: imageimageimage


    Wow - nice image

    Text




    << <i>NGC offerings already..................

    image

    Special Offer for All NGC Dealers and Collectors

    You can now select the black NGC Retro Holder with the Buffalo label when you submit an American Buffalo 1-ounce Gold Reverse Proof.
    Or, choose the traditional NGC white holder with one of the label options listed below.

    NGC white holder label options:
    • Buffalo
    • Early Releases®
    • First Releases®
    • NGC Standard (brown) >>







    The United States Mintþ usmint@subscribe.usmint.govþ



    image


    image
    Abraham Lincoln (February 12, 1809 – April 15, 1865)
    5$ bills are WOW with the numbers - wanted:
    02121809
    04151865
    Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
    Wanted - 10$ Sereis 2013 - fancy Serial Numbers
  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    NEW COUNTER
    32,676 up 1,502 from Friday

  • wondercoinwondercoin Posts: 16,854 ✭✭✭✭✭
    Our first (of many) articles on the 2013-W Reverse Proof Buffalo has now been posted on the website. I will also try to paste it here for the convenience of board members who then do not have to visit our website to read it.

    Wondercoin

    edited to add: I am having a problem formatting it here so it appears as written. If a board member can cut and paste it and accomplish that, please do so. Thanks.
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • kimber45ACPkimber45ACP Posts: 2,399 ✭✭✭
    unit backordered. Expected to ship on 08/23/2013.
  • blu62vetteblu62vette Posts: 11,904 ✭✭✭✭✭
    From the wondercoins site:

    The 2013-W $50 Reverse Proof Gold Buffalo: The Stampede Is On!


    by Mitchell Spivack and Justin Spivack AUGUST 19, 2013

    Within Minutes of the Chicago ANA show opening on Friday, August 16, 2013, there were approximately 230 people standing in line for the $50 Reverse Gold Proof Buffalo Proof!

    And the line grew from there. A fist fight almost broke out, when people eager to get the coin tried to jump the line. The Stampede is certainly on for the 2013-W Reverse Proof Buffalo One-Ounce (.9999 pure gold) coin!

    The much anticipated 2013-W Reverse Proof Buffalo One-Ounce (.9999 pure gold) coin went on sale at the U.S. Mint on August 8, 2013 with no mintage, product or household limit. The conditions of the sale were posted in early July, 2013 as follows:


    “There will be a four-week ordering window beginning August 8, 2013, at 12 noon (ET) and ending September 5, 2013, at 5 p.m. (ET).

    We have not seen this much excitement for a gold coin offered by the U.S. Mint since the 2009 $20 Ultra High Relief Double Eagle (UHR) and, prior to that, the 2006 Reverse Proof Gold Eagle.

    The UHR continues to be incredibly popular with collectors and trades at roughly $1,000+ over spot for a nice raw example. PCGS “perfect” MS70 examples currently trade for roughly $1,600+ over spot. The reported mintage on the UHR was around 115,000 coins. The raw 2006 Reverse Proof Gold Eagle trades at roughly the same $1,000 premium over gold spot (and roughly the same $1,600 over spot for the PR70 version), but also has an extremely low mintage of roughly 10,000 coins. Obviously, this 2013 Reverse Proof Buffalo Gold mintage will greatly exceed that of the 2006 Reverse Proof Gold Eagle, but is also likely to be quite a bit under than that of the UHR. Can this Reverse Proof Gold Buffalo command a significant premium to gold spot in the years ahead? That is for you to decide as you make your decision to “pass or play” on this coin as the purchasing clock ticks down. At the time of this writing there are -18- days left to order and the Mint has already taken orders for 31,174 coins.

    Here is a recap on what has taken place so far with this coin since it went on sale at the US Mint. On the morning of August 7, 2013, the Mint set the opening price for the Reverse Proof coin at $1,640, the very same price as the regular 2013-W Proof Buffalo gold coin that the Mint also sells. When the ordering process began on August 8, 2013, the coins, from the outset, were placed on backorder. The earliest orders placed received a ship date of September 7, 2013 (a full month away). Shortly thereafter, the ship date moved to September 27, 2013 (nearly seven weeks out). The following day (August 9), the Mint added a “sales odometer” to the product offering on their website and it revealed “total units ordered” at 21,009. By August 15, 2013, the one-week sales reached 30,482 units!

    On August 13, 2013, in conjunction with the opening of the Chicago ANA coin show, it is believed that the Mint brought 1,000 of these Reverse Proof Buffalo coins to sell at the show with a limit of (5) coins per person. The grading service(s) treated this offering essentially as a “pre-release” of the coin so as to not affect the “First Strike” period which typically starts when the Mint “ships out” its first coin. The small group of dealers and collectors who were present at the show on this day and were paying attention to this special U.S. Mint offering were generally able to make it through the Mint line at least two or three times before the limited quantity of these coins sold out. The dealers at the show also established a buy premium on these coins that day of roughly $100/coin over mint cost due to the grading service(s) announcing that they were going to assign a special coin number to these “Chicago ANA” Reverse Proof Buffalos.

    The Chicago ANA offering of these coins on August 13, 2013 caught most Buffalo gold collectors and even some of dealers who specialize in these types of modern coins by surprise (even though the Mint did issue a release a few days ahead of the event stating that it would have coins to sell at this show). To some extent, this was due to the confusion surrounding the recent sale of the 2013 “two-piece silver set” where it was believed that the Mint might have “live” coins to “pre-sell” at another coin show that was taking place at the time, but did not. Indeed, the day before, and even the morning of, this special offering from the Mint saw no buy ads on the dealer network for these coins. By the time most Buffalo gold collectors (and many dealers) heard about what the Mint had planned for Chicago, it was too late to “get in on the action”. The Mint did reveal, however, that later in the week at the show, they would be bringing back another quantity of these coins to offer in a similar manner. The word spread on what took place on August 13, 2013 in Chicago and what was to take place again later in the week. This next time the dealers (and dedicated collectors) would be even more prepared!

    Three days later, on August 16, 2013, the Mint had live coins once again at the ANA show (now offered at $1,690/coin as the coins re-priced upward by $50 on August 14, 2013) and the dealers who got into the show ahead of the general public lined up for them (with their employees and family members as well). Deals surrounding the premium paid for the coins were also hammered out between those dealers at the show not interested in “slabbing up” these “modern” coins, but with the sole interest of “flipping” their purchase for an immediate profit. The premiums on this day were well in excess of the roughly $100/coin range of the first release, and were also offered up to those collectors who got into the show at 10:00 a.m., as dealers “worked the line” trying to lock in collectors orders.

    Within minutes of the show opening, there were approximately 230 people standing in line for these coins, and the line quickly grew from there! Quite remarkable considering it has been reported that this show averaged roughly 1,000 attendees per day; nearly a quarter of them were standing in line for upwards of four hours to purchase these coins! It has been reported that the Mint, once again, brought 1,000 coins to the show for this second offering and quickly discovered the enormous queue that had already formed for these coins. The Mint then reduced the maximum purchasing limit from 5 coins to 3 coins and the reported premiums being paid for the coins rose into the $200-$250/coin rage! The premiums being offered were rising so quickly that one dealer had a sign offering $150/coin over that was crossed off with a $200/coin offer while another was reportedly shouting that he was paying $250/coin over cost while waiving a large pile of hundred dollar bills!

    On this day, it took collectors approximately four hours to make it through the line to purchase a maximum of three of these coins. If one were to include the additional time some collectors spent in line outside the show in order to get into the show as quickly as possible when it opened, the wait for these coins approached five hours! As the Mint got down to their last couple hundred coins and the prospect to make an easy $600-$750 presented itself, “butting in line” and the like became rampant and tensions flared for those who had stood in line for hours. The prospect of an all-out brawl taking place was not out of the question (according to a “big guy” we knew in the line who started screaming at the offenders who had jumped the line). The issue was brought to the Mint’s attention and roughly four hours into the selling process, the Mint started to hand out “numbers” to ensure that the final coins available went to only those who were duly in line.

    Some of those particularly determined collectors and dealers who got to the show early enough and went right back in line after their first waiting period were rewarded with a second batch of three coins before the Mint sold out of these “pre-release” coins once again.


    So, why did more than 230 people stand in line for upwards of four to five hours to purchase up to three coins of a product they could order on the telephone from the US Mint in five minutes and receive with an easy delivery to their home or office thereafter?

    No doubt some folks stood in line to be among the first to own what is one of the most beautiful modern gold coins the Mint has ever produced! In our opinion, this coin ranks right up there with the 2009 Ultra High Relief $20 Double Eagle as one of THE most beautiful modern gold coin ever produced by the Mint. But, in all likelihood, the majority of people in line that day were there to capture coins that were going to receive SPECIAL INSERT LABELS/COIN NUMBERS by the grading companies. For example, PCGS has now assigned coin number “520265” to this special coin as follows:

    “2013-W $50 American Buffalo Rev PR Chicago ANA 2013 (Proof)”

    There will also be a special coin number for those coins qualifying for “First Strike” (#520051) following the Mint’s startup of the shipping of these coins. Of course, it is widely anticipated that thousands upon thousands of these coins may qualify for “First Strike” when the Mint starts shipping in the very near future as all coins shipped within the thirty days following the initiation of shipping by the Mint will potentially qualify for the “First Strike” designation at PCGS. Those coins that neither qualify for “First Strike” nor the “Chicago ANA 2013” designation will be assigned a third coin number (#520050). All raw coins submitted to PCGS for the remainder of time following the thirty-day initial ship period will fall into this category, with limited exception (e.g. sealed Mint boxes dated within the “First Strike” time period may still qualify for “First Strike” after the thirty day period has expired).

    Therefore, it is quite possible (even anticipated by these authors) that PCGS will ultimately slab thousands upon thousands of First Strike-qualified coins under Coin # 520051 and, over time, slab additional thousands upon thousands of non-First Strike coins under their Coin # 520050. However, under coin number “520265” assigned to these limited production Chicago ANA specimens, PCGS will slab substantially fewer coins. PCGS will only be able to slab that small percentage of the roughly 2,000 estimated total coins that the U.S. Mint sold to customers over the two-day period at the Chicago ANA show that actually reach PCGS BEFORE the Mint initiates the general shipping of these coins, which could begin as early as next week. Once the coins begin shipping out to the general public, there would be no way to differentiate between the “Chicago ANA” coins and the others, which is why the grading services must “cut off” the submission of these ANA Chicago coins once general shipping begins.

    Also, assuming NGC gets their fair share of these Chicago ANA Reverse Proof Buffalos for grading (which is certainly the case from a cursory review of the current Ebay offerings), as well as assuming that many dedicated collectors will not submit their coins for grading at all, but elect to keep them “raw” in their government packaging, it is quite possible that PCGS may not see more than roughly 400-650 coins or so under this special “520265” coin number (and possibly even much fewer than that). This explains why dealers and speculators alike were standing in line for upwards of five hours in order to purchase these Chicago ANA Buffalo gold coins and why dealers were also paying hundreds of dollars over cost per coin to purchase these specific coins while the Mint sold the “same” coins on its website at $1,690/coin.

    Early offerings of these coins in NGC-PR70 holders on Ebay show an average retail market value of approximately $2,750/coin ... well above the Mint pricing of $1,640 - $1,690/coin. PCGS-graded coins are also now being offered for even more money after a lot of (40) coins were retailed for $2,900/coin and some early ebay sales were also in that range.

    We will continue to monitor the situation with this coin and provide further reports in the weeks and months ahead. Needless to say, the first twelve days since this coin was offered for sale by the Mint have been about as exciting a time as we have seen in years for a modern gold coin. Stay tuned!
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • BullsitterBullsitter Posts: 5,460 ✭✭✭✭✭
    Nice article, and it sure was nice of the dealers to take advantage of this wonderful opportunity........image
  • AberlightAberlight Posts: 384 ✭✭
    Does anyone know of the mints website counter includes the 2000 units sold at the ANA show?
  • kimber45ACPkimber45ACP Posts: 2,399 ✭✭✭


    << <i>Does anyone know of the mints website counter includes the 2000 units sold at the ANA show? >>



    "... is an approximation of total units ordered from the United States Mint through all of its active sales channels..."

    I would say, yes.
  • MsMorrisineMsMorrisine Posts: 32,677 ✭✭✭✭✭


    << <i>Does anyone know of the mints website counter includes the 2000 units sold at the ANA show? >>



    As I am certain that they routed through Indy, as do all their regular sales desk sales, the counter is including them and any mintage figures released by the mint will contain these in the total.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,550 ✭✭✭✭✭


    << <i>Does anyone know of the mints website counter includes the 2000 units sold at the ANA show? >>


    Last paragraph of CoinWorld report states that website sales meter includes all "coins through its various sales venues."

    "The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong

  • BAJJERFANBAJJERFAN Posts: 31,051 ✭✭✭✭✭
    How long before Friday opening morning did the mint announce that these would be sold there?
    theknowitalltroll;
  • pf70collectorpf70collector Posts: 6,522 ✭✭✭
    I have been thinking about the FS designation. We know that the first shipped may not be the first stuck. Your not in favor of the Mint selling graded coins and neither am I but here is a question for you:
    Would you like the Mint to sell actual first die strikes, the number depending on denomination and die life span? For the purposes of this question lets say the first 1,000 from each die pair. Special handling and segregation to insure chain of custody. These could be sold for a premium over the regular Mints collectors premium but be true First Strikes. Maybe called "Choice" or "First Run" or something. Actual limited production based on the quantity of die pairs used. Ongoing supply as dies are changed out. Over all totals of segregated coins maybe set a predetermined number, say 10,000 for the sake of argument. Limited order of one per customer/family.
    What do you think? >>

    I would think all those Gold Proof Like UHRs would be easier to get from the mint under this scenario, since those were like first strikes in a way to get that PL designation.



  • << <i>

    << <i>

    << <i>This is not worth $3K in my opinion even it has a special label on it. Learned my lesson long ago from the AGE Reverse Proof when I bought a NGC 70 for $5600 in 06 during the frenzy. Pretty stupid of me. Today that reverse AGE proof goes for around $3300 and that only had a 10K mintage. My bet is this coin will have a 70K mintage total.

    I bought the reverse proof buffalo from the mint the first 5 minutes they went on sale. Haven't decided whether I will have it graded or not. >>



    I agree, $3k may appear to be stupid money at this point. I suspect that the total will be considerably less than 50k sold. I lucked out with the 2006 one. Purchased a set from the Mint, had it graded, came back PCGS FS 70.

    BTW, if you must have a graded one, MCM has the ANA ones on sale for $2900 ... PCGS 70 ... they only have 40 available.... very limited time offer >>



    Do you think it would be fair play for the mint to sell graded coins? >>



    Seems like something that should not be within their power to do.
  • pf70collectorpf70collector Posts: 6,522 ✭✭✭
    edited to add: That was an amazing frenzy wasn't it!!

    I really don't remember anything that compared to it since then with all those high premiums during that frenzy. I think those days are over when you get an offering from the mint with a unique never minted before item with such a low mintage. I think in the future everything will be minted to demand. The 2011 Anniversary ASE Set was the last item with a known mintage of 100K before the sets went on sale. Though there is still hope for low mintage gold spouse AGE MS and maybe some future gold commems.


  • << <i>I have been thinking about the FS designation. We know that the first shipped may not be the first stuck. Your not in favor of the Mint selling graded coins and neither am I but here is a question for you:
    Would you like the Mint to sell actual first die strikes, the number depending on denomination and die life span? For the purposes of this question lets say the first 1,000 from each die pair. Special handling and segregation to insure chain of custody. These could be sold for a premium over the regular Mints collectors premium but be true First Strikes. Maybe called "Choice" or "First Run" or something. Actual limited production based on the quantity of die pairs used. Ongoing supply as dies are changed out. Over all totals of segregated coins maybe set a predetermined number, say 10,000 for the sake of argument. Limited order of one per customer/family.
    What do you think? >>

    I would think all those Gold Proof Like UHRs would be easier to get from the mint under this scenario, since those were like first strikes in a way to get that PL designation. >>



    At least that would make 'first strike' mean something... I'd be in favor of that if they could guarantee everyone has a fair shot at buying one of them-- chances are they can't, so let's get rid of the 'first strike' designation all together!
  • BAJJERFANBAJJERFAN Posts: 31,051 ✭✭✭✭✭


    << <i>The mint is succeeding in it's plan to to make the first strike designation worthless. First it showed a shipping date in September.
    Then it issued 2,000 coins at the ANA giving the impression they would be early releases for several weeks to build interest & premium.
    After they were sold it then changed the shipping date back to next week making the show coins only a week early.

    The First Strike / Early Release designation has now become an undefined date subject to the manipulation of the US Mint.
    It is no longer even a constant designation but one that can be changed at any time and easily manipulated to create an excuse to charge more
    or sell more. >>



    The Mint should have submitted 2,000 coins to PCGS for pre-First Strike designation.image
    theknowitalltroll;
  • derrybderryb Posts: 36,550 ✭✭✭✭✭


    << <i>How long before Friday opening morning did the mint announce that these would be sold there? >>


    CoinWorld reports that mint's announcement was through "numismatic press the week before the convention" that the mint planned on having "a quantity on hand" for sale at the ANA. So it appears, it was no last minute surprise after all and was reported to the numismatic public before mint site sales began.

    "The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong

  • edgaredgar Posts: 886 ✭✭✭✭
    Didn't Someone Here Report A Similar Sales Announcement For The WP Set
    That ended Up Being Order Takers only? Anybody Know How That Announcement Was Made

    (l8-)>>

  • jmski52jmski52 Posts: 22,627 ✭✭✭✭✭
    It's only a paper label. These are signs of a market top, in my opinion. Normally, the best prices on new issues of graded collectible bullion occur a month or so after the release when the market has been saturated. With all the hype on this coin, it might take a couple of months for the market to equilibrate. I guess we shall see.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>It's only a paper label. These are signs of a market top, in my opinion. Normally, the best prices on new issues of graded collectible bullion occur a month or so after the release when the market has been saturated. I guess we shall see. >>




    image


    These are the guys/gals who pay the suggested retail sticker price for a new car!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,172 ✭✭✭✭✭


    << <i>

    << <i>It's only a paper label. These are signs of a market top, in my opinion. Normally, the best prices on new issues of graded collectible bullion occur a month or so after the release when the market has been saturated. I guess we shall see. >>




    image


    These are the guys/gals who pay the suggested retail sticker price for a new car! >>



    I hate to rain on anyone's parade, but "cars" are part of our history and art class.
    TSLA is not a TUCKER, and that makes no difference to Chevy lovers or famous basketball players who drive the E-class. Let's remember this isn't just a playground for saints.
    I have a friend with a tire shop. Some people spend $20K on rims for cars that many of us wouldn't pay $1500 for the whole car, let alone ten G's on paint. image

    The car and rims can be replaced. How many of those coins get this ANA label ? And history will probably show me to be wrong, but I like to remain objective in viewing the overall scene. Not necessarily outside looking in, but inside looking out.

  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭
    Edited to move this FS topic to it's own thread off the Buffalo thread

  • HATTRICKHATTRICK Posts: 2,116 ✭✭✭✭✭


    << <i>

    << <i>How long before Friday opening morning did the mint announce that these would be sold there? >>


    CoinWorld reports that mint's announcement was through "numismatic press the week before the convention" that the mint planned on having "a quantity on hand" for sale at the ANA. So it appears, it was no last minute surprise after all and was reported to the numismatic public before mint site sales began. >>



    It was in a press release on Friday August 9,2013 posted on the mints web site. Still there on the site.

    The Mint will have these and other products available for sale:
    •2013 American Buffalo Gold Reverse Proof Coin - Celebrates the 100-year anniversary of the original design appearing on the Type I Buffalo nickel.
    •2013 American Eagle Platinum Proof Coin - The fifth coin in the American Eagle Platinum Proof Coin Program: Preamble Series has a reverse design reflecting the fifth principle of the preamble to the U.S. Constitution, "To Promote the General Welfare."
    •2013 Girl Scouts of the USA Young Collectors Set - Includes a 2013 Girl Scouts of the USA Centennial Uncirculated Silver Dollar presented in a tri-fold presentation folder with interesting historical information about the organization spanning the past 100 years. The set also features "Mint Kids" and other characters in various scenes "guiding" the reader through the history of the organization.
    •Products from the 2013 5-Star Generals Commemorative Coin Program, including $5 gold, silver dollars, and half-dollar clad coins in proof and uncirculated qualities, three-coin proof set, and special 5-Star Generals Profile Collection.
    •Also available at the joint booth will be the American Buffalo Gold Proof Coin and American Eagle Gold and Silver Coins; the Happy Birthday, Congratulations, and Birth Sets; 2013 commemorative coins and sets; 2013 America the Beautiful Quarters® Program coin sets, rolls, and bags; and other popular annual sets. A display featuring some of its upcoming new products will also be on hand.
    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>How many of those coins get this ANA label ? >>



    And that is the issue. The label is a trinket. It doesn't fit with any series unless someone is try to get one of every label/ not forget the limited HSN Tuesday label!!! image
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭


    << <i>

    << <i>How many of those coins get this ANA label ? >>



    And that is the issue. The label is a trinket. It doesn't fit with any series unless someone is try to get one of every label/ not forget the limited HSN Tuesday label!!! image >>



    Its hard to tell right now because of the feeding frenzy on the Bay and what have you but the only other scenario i remember was when folks wanted the Mercanti First Strike Label on the Anniversary eagles and then they came out with another Mercanti special label aside from the first strike if i remember correctly? Now only if there was a privy mark added to those that went on sale in the ANA ...now that would probably be selling twice of the prices were seeing right now.
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • derrybderryb Posts: 36,550 ✭✭✭✭✭


    << <i>How many of those coins get this ANA label ? >>



    Maximum possible is the 2000 sold at ANA. Likely between the two major TPGs, number will come in around 1300.

    Fairly low mintage label. image

    "The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong

  • I'm so annoyed with the shipping date uncertainty. I'm going out of town for a couple of weeks and have no idea whether I should cancel my order or not.

    My order status now says:
    1 unit backordered. Expected to ship on 08/23/2013. <--- this has changed multiple times from later in August to various dates in September.


    And the webpage now says:
    Product will be available for shipping 09/27/2013

  • MsMorrisineMsMorrisine Posts: 32,677 ✭✭✭✭✭


    << <i>I'm so annoyed with the shipping date uncertainty. I'm going out of town for a couple of weeks and have no idea whether I should cancel my order or not.

    My order status now says:
    1 unit backordered. Expected to ship on 08/23/2013. <--- this has changed multiple times from later in August to various dates in September.


    And the webpage now says:
    Product will be available for shipping 09/27/2013 >>




    Generally, if they show 8/23 on the page and it's this close, it could ship any day now. but remember it will be 2nd day shipping.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,550 ✭✭✭✭✭
    Date on web's order page is projected ship date for order's placed at that time. Does not affect prior orders. Once shipped you will receive it in 1-2 days.

    "The good old days when “JUSTICE” stood for something instead of “JUST US.”" - Martin Armstrong

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file