<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins!
(Rosemont, Illinois) -- The United States Mint and the American Numismatic Association Board of Governors have jointly announced that sales have been suspended for the John F. Kennedy gold proof half dollars at the World's Fair of MoneySM in Rosemont, Illinois after today, August 7, 2014.
Earlier today, the Mint announced it had suspended sales at its three retail locations in Philadelphia, Denver and Washington, D.C.
In its earlier sales suspension statement the Mint explained: "The Mint made this decision to ensure the safety of those wanting to purchase the coin and the safety of its own employees."
Hundreds of people have lined up outside the Donald E. Stephens Convention Center in Rosemont each night since Monday to purchase the new gold coins that have a dual date, 1964-2014, to commemorate the 50th anniversary of the Kennedy half dollars. Sales of the gold coins at the World's Fair of Money were limited to only 500 coins per day, and only one per customer.
Customers interested in purchasing the gold Kennedy half dollar proof coins are encouraged to visit the Mint's website (www.usmint.gov) or contact the call center (1-800-USA-MINT), where they can purchase up to five coins per household.
The United States Mint will continue offering other Mint products for sale at the World's Fair of Money that is open to the public and continues as scheduled through Saturday afternoon, August 9. Admission to the show on Saturday, August 9, will be free for Free Appraisal Day when the public is invited to bring in their old coins and paper money for complimentary, expert educational appraisals by American Numismatic Association members. Additional information is available online at www.WorldsFairOfMoney.com.[/q
so does this mean the sharks charge the fool and his money 20x issue price?
<< <i>Coin Update blog article just posted with photos: LINK >>
In the statement, the reason given - "In order to ensure the safety of those seeking to purchase the coin and the Mint’s own employees, the decision was made to suspend sales of the gold half dollars at three retail locations in Philadelphia, Denver, and Washington, DC."
Certainly the safety of everyone is of the utmost priority. No doubt about it.
'Course the Rosemont, Denver and Philadelphia Police Depts. might be asking, "WTH is going on over there? Where did this craziness come from?" and could be a contributing factor in the decision.
Or the negative PR - I posted articles from Denver and Philadelphia in one of these threads that were not complimentary, discussing the dealers paying people to buy coins for them.
Or maybe it was this forum, certainly comments about the proxy buyers have been made!
As I said on the other thread....WOW!! Looks like we may well have seen the last of the Show and retail counter releases! If so, the RP Buff, HOF and Kennedy show and Philly/DC slabs will do all the better in the future.
"The desire to purchase coins and have them in hand immediately drove long lines and crowds at the physical locations where the coins were offered." - I'm not so sure that this was the prime motivator of most of the buyers.
This maybe simply a rumor but..... The US Mint will cease to sell gold Kennedy Half Dollars at the Chicago ANA Show after today's sales. Any truth to the rumor ?? Thanks.
Ever hear of First Strike coins? They seem to be everywhere, and they certainly are attracting many coin collectors’ attention.
But what is a First Strike coin, why are they so popular, and are they really worth the money that they cost to buy?
First off, let me tell you this: First Strike coins are by no means rare.
While a coin labeled as a First Strike may seem like the kind of stuff rare U.S. coins are made of, they’re not.
Not at all.
The fact is, First Strike coins are so heavily advertised and sold (often through glossy magazine advertisements or on those television infomercials) that First Strike coins are often sold and collected by the thousands or greater.
With that kind of information, you may be wondering if First Strike coins are really less special and more of a marketing ploy.
What is the significance of a First Strike coin? You may think that a coin with First Strike designation may be the first – or at least one of the first – coins struck, either for that year, of that design, or perhaps from a specific die (the device that actually puts the stamped design on the coin).
You may be surprised to learn, however, that the vast majority of First Strike coins were probably struck days, weeks, and sometimes even months after the coin was first put into production.
So why would 3rd party graders like the Professional Coin Grading Service (PCGS) and – until recently – the Numismatic Guaranty Corporation (NGC) put some coins in First Strike coin slabs?
It seems profit for companies which sell First Strike coins may have something to do with it. After all, some coin collectors – particularly newbies – and uninformed consumers are buying these coins thinking they’re special because of the First Strike designation. These coins have, on average, sold for more than non-First Strike coins even though they’re really worth no more than any other similar coin of similar grade and condition.
So who wins when someone buys a First Strike coin? Likely the company or person that sells these coins often turns a profit in the process. The coin collector winds up with a coin in a coin slab with a fancy label. The coin collector may also make a little extra bit of money if they sell the coin to somebody else. But still, that First Strike coin is held with no more esteem by the general numismatic community than any other coin of a similar design, date, and grade.
Requirements For First Strike Coin Designation
What did the coin grading companies use as requirements when deciding what coins to label as First Strike coins? As it turns out, the primary definition of a First Strike coin is that it must have been shipped within one month of its official release date.
What does that mean?
If X coin is being officially released October 20, 2010, then whatever coins are shipped for sale within a month after that release date can potentially be designated as a First Strike coin. However, coins are often struck well in advance of their official release date. So the coin you have labeled as First Strike might have been made long after the first coins of that date, design, or type were actually produced.
By the way, the U.S. Mint doesn’t actually keep tabs on when certain coins were made. Therefore (and again), the First Strike designation is based on the coins found in shipments made within a month of the official release date.
Why You Might Buy A First Strike Coin Anyway
Because the numismatic community doesn’t really place any special premium in these so-called First Strike coins, the only reasons you might still buy a First Strike coin in a First Strike slab is because you like that particular coin’s:
Surface quality Grade Overall appearance Some other intrinsic quality relating to the coin itself
Otherwise, a First Strike coin doesn’t represent any special value, especially given that you really can’t be sure a First Strike coin was actually one of the first of its type made — or even struck early during the minting time frame to begin with.
<< <i>This maybe simply a rumor but..... The US Mint will cease to sell gold Kennedy Half Dollars at the Chicago ANA Show after today's sales. Any truth to the rumor ?? Thanks. >>
Yes that is true.
But presumably they still have 1500 coins at the show.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
If you are going to sell a "hot" item in person at a show, then do it AFTER a reasonable amount of time that the item has been for sale online. No way it should be offered first/only to in person people. Online/mail first, at least a month (gives time for processing and shipping), then take a small amount to the shows. Would save a lot of headaches and costs.
And, I hope no one who ordered online gets them in time for the show. Just another way to try to greedily beat the system ... especially after working around order limits and screwing others for one's own flippable gains. Buy the max of 5 and flip them, fine. Go out of the way to do multiple accounts and family, with no interest, to get 20, 30, 40+, and that is just getting ridiculous. At least some of the dealers were paying above purchase amount and not just ordering online under multiple accounts (though, I am sure some of them were doing that too)
My rule would be no show sales until a coin ships via normal channels...on line order, by phone or snail mail. Once regular delivery starts then its OK to sell at shows. Solves the whole problem.
<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins! ....................... Additional information is available online at www.WorldsFairOfMoney.com. >>
Interesting reading from Jay Sherlock (and bestday's posts have been quite enlightening): -----
I didn't say the Mint wasn't in the loop. I said the Mint hasn't been consulting us, which was my nice way of saying that the Mint is doing what the Mint wants to do.
For Tuesday, the first people in line will receive up to 2 tickets until all tickets are gone. The Mint plans to send somebody out at about 10:45 a.m. to start distributing those tickets. The ticket-holders will then be led onto the bourse through a side entrance, so as not to parade a sea of people down one aisle on the bourse and interrupt dealers and collectors trying to do business.
Since my last post, I received info from the show director that the Convention Center security staff will be on patrol to kick out anybody trying to camp out overnight. The Convention Center security handles events that are much larger than the World's Fair of Money, such as Comic-Con. They know how to do crowd control very well.
So, to recap, show up with credentials in hand, hop in the line when the convention centers' doors open, and hope you're one of the first 250 to get the ticket so you can buy a coin.
If you have a complaint about the way security is handled, tell the ANA. If you have a complaint over the ticket system, the fairness of it all, the lines, or anything else, please call 1-800-USA-MINT. Jake Sherlock, ANA staff member Member, TEC >>
<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins! ....................... Additional information is available online at www.WorldsFairOfMoney.com. >>
mercifully this outlandish kennedy gold Mint and ANA spectacle is over... Guess these mangers are not the sharpest tools in the shed >>
NO ONE on here posted anything in advance that something like what has happened with this release would happen. (shoving? (or was it worse?) robberies?)
I don't blame the mint nor the ANA for this level of mayhem.
I am glad they shut it down for safety concerns.
I would be extremely happy had they also chosen to end all show and kiosk sales for hot item as mentioned many times already for the higher (but still not perfect) equity of online and phone and mail orders.
at least they made the decision that no one here even suggested - shut it down because its getting unsafe.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>This maybe simply a rumor but..... The US Mint will cease to sell gold Kennedy Half Dollars at the Chicago ANA Show after today's sales. Any truth to the rumor ?? Thanks. >>
Just go around back. Get all you can get. Everything has it's price , after all.
Me thinks there's gonna be big changes for the silver set release.
If not, there will be "tens" of buying parties instead of 2. Full employment in Baltimore later this fall!!! Street folks, homeless, come one.... come all!!!!!!! You're hired!!!!!
Instead of the show name..... just call it the "Homeless Family Reunion"
I suspect availability of the packaging from the contractor dictates shipping dates. Unsold coins can be recycled, unsold packaging gets destroyed at a $ loss. Mint probably errs on the side of caution on quantity of packaging kept on hand.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>They are waiting on me to leave on vacation. Then they will be sure to ship Next Day Air so they can sit outside for a couple weeks. >>
They won't sit outside, signature required. Two choices. 1. Contact their carrier (not sure, UPS or FEDEX) and make arrangements for them to hold until you return. You'll need to wait until Mint posts tracking number and then act quickly before delivery. 2. Contact mint and make arrangements for delivery to family or a neighbor. Will require mint to put different name/address on shipment so recipient will be authorzed to sign for shipment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Will very many get in under the First strike Deadline. The small time flippers are getting squeezed out by the big dealers. This seems more and more like a loaded deck.
Sorry I ever got into it. But happy I got out quickly.
<< <i>Will very many get in under the First strike Deadline. The small time flippers are getting squeezed out by the big dealers. This seems more and more like a loaded deck. >>
Big dealers, small flippers, and indivdual collectors are treated equally with online Mint orders. Orders are shipped in the order they are placed unless their is a credit card issue. The only advantage a big dealer has, when there are household limits, is that his pockets are deeper and he is able to put more people to get in the same "online" ordering line as all other buyers.
We hear the same complaints over and over about the mint's delivery system but consider this: the mint is trying to fill tens of thousands of orders on just this one coin plus everything else they sell. Their changing of shipping dates is most likely caused by changes to the delivery of more customing packaging from their contracted supplier(s). While the mint can over produce the actual coins at little loss (just melt them), they have to eat any costs on leftover, unsold mint packaging. They are more likely to err on the side of caution when ordering this packaging material from their contractors. It would be ideal however if the mint would just go ahead and ship the coin and capsule to buyers and follow up with shipping the packaging material later in such cases. This would give more buyers "First Strike" opportunity. A simple way to do this would be for the mint to offer the capsuled coin as one item and the packaging as a separate item. This would allow them to easily get the coins out when packaging is not yet on hand.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Many of the recent events were preplanned and paid for in an effort to control the quantity of special coins
and the number of people controlling their sale. As far as the shipping goes:
1. about half of the posts are complaints and the other half are people taking the opportunity for a little humor.
2. It has been proven beyond a reasonable doubt and also appears in the mints own words that all orders are not shipped in order received.
A. Orders placed on hold for any reason are reinserted at the (END) of the current pick list when settled. ( I have first hand knowledge of this)
B. Per the mint on a given shipment batch orders are seperated into like groups for more expediant shipping then shipped in order within thoes groups. Example seperate in groups orders of 5 and orders of 1 then all other. The group of 5's are shipped in order. then the group of 1's are shipped in order then all other amounts are shipped in order.
c. This is a common practice when big shipments of the same item are done. and an order for five that is hours after an order for 2 can easily be shipped a day or two sooner.
As far as getting coins out in time for First Strike the Mint does not give a Rat's A** and they have no reason to.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
Comments
<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins!
(Rosemont, Illinois) -- The United States Mint and the American Numismatic Association Board of Governors have jointly announced that sales have been suspended for the John F. Kennedy gold proof half dollars at the World's Fair of MoneySM in Rosemont, Illinois after today, August 7, 2014.
Earlier today, the Mint announced it had suspended sales at its three retail locations in Philadelphia, Denver and Washington, D.C.
In its earlier sales suspension statement the Mint explained: "The Mint made this decision to ensure the safety of those wanting to purchase the coin and the safety of its own employees."
Hundreds of people have lined up outside the Donald E. Stephens Convention Center in Rosemont each night since Monday to purchase the new gold coins that have a dual date, 1964-2014, to
commemorate the 50th anniversary of the Kennedy half dollars. Sales of the gold coins at the World's Fair of Money were limited to only 500 coins per day, and only one per customer.
Customers interested in purchasing the gold Kennedy half dollar proof coins are encouraged to visit the Mint's website (www.usmint.gov) or contact the call center (1-800-USA-MINT), where they can purchase up to five coins per household.
The United States Mint will continue offering other Mint products for sale at the World's Fair of Money that is open to the public and continues as scheduled through Saturday afternoon, August 9.
Admission to the show on Saturday, August 9, will be free for Free Appraisal Day when the public is invited to bring in their old coins and paper money for complimentary, expert educational appraisals by American Numismatic Association members. Additional information is available online at www.WorldsFairOfMoney.com.[/q
so does this mean the sharks charge the fool and his money 20x issue price?
LINK
Sheesh!!!
<< <i>Coin Update blog article just posted with photos:
LINK >>
In the statement, the reason given - "In order to ensure the safety of those seeking to purchase the coin and the Mint’s own employees, the decision was made to suspend sales of the gold half dollars at three retail locations in Philadelphia, Denver, and Washington, DC."
Certainly the safety of everyone is of the utmost priority. No doubt about it.
'Course the Rosemont, Denver and Philadelphia Police Depts. might be asking, "WTH is going on over there? Where did this craziness come from?" and could be a contributing factor in the decision.
Or the negative PR - I posted articles from Denver and Philadelphia in one of these threads that were not complimentary, discussing the dealers paying people to buy coins for them.
Or maybe it was this forum, certainly comments about the proxy buyers have been made!
"The desire to purchase coins and have them in hand immediately drove long lines and crowds at the physical locations where the coins were offered." - I'm not so sure that this was the prime motivator of most of the buyers.
<< <i>
LMAO!
<< <i>Doesn't this just increase the hype for the 1,000+ ANA ones already sold?
Sheesh!!! >>
No question. To think that I was too lazy to get down to DC w/the wife when I'm less than 30 minutes away. Ugh!
<< <i>Have you checked your credit card? I'm surprised no excitement about shipping happening so soon. >>
1pm order, credit card hasn't been pinged yet.
<< <i>...And a little more First Strike coin designation information...
Hold Onto Your Money! A First Strike Coin May Not Be Worth It
first-strike-coin-silver-eagle-photo-by-joshua.JPG
Ever hear of First Strike coins? They seem to be everywhere, and they certainly are attracting many coin collectors’ attention.
But what is a First Strike coin, why are they so popular, and are they really worth the money that they cost to buy?
First off, let me tell you this: First Strike coins are by no means rare.
While a coin labeled as a First Strike may seem like the kind of stuff rare U.S. coins are made of, they’re not.
Not at all.
The fact is, First Strike coins are so heavily advertised and sold (often through glossy magazine advertisements or on those television infomercials) that First Strike coins are often sold and collected by the thousands or greater.
With that kind of information, you may be wondering if First Strike coins are really less special and more of a marketing ploy.
What is the significance of a First Strike coin? You may think that a coin with First Strike designation may be the first – or at least one of the first – coins struck, either for that year, of that design, or perhaps from a specific die (the device that actually puts the stamped design on the coin).
You may be surprised to learn, however, that the vast majority of First Strike coins were probably struck days, weeks, and sometimes even months after the coin was first put into production.
So why would 3rd party graders like the Professional Coin Grading Service (PCGS) and – until recently – the Numismatic Guaranty Corporation (NGC) put some coins in First Strike coin slabs?
It seems profit for companies which sell First Strike coins may have something to do with it. After all, some coin collectors – particularly newbies – and uninformed consumers are buying these coins thinking they’re special because of the First Strike designation. These coins have, on average, sold for more than non-First Strike coins even though they’re really worth no more than any other similar coin of similar grade and condition.
So who wins when someone buys a First Strike coin? Likely the company or person that sells these coins often turns a profit in the process. The coin collector winds up with a coin in a coin slab with a fancy label. The coin collector may also make a little extra bit of money if they sell the coin to somebody else. But still, that First Strike coin is held with no more esteem by the general numismatic community than any other coin of a similar design, date, and grade.
Requirements For First Strike Coin Designation
What did the coin grading companies use as requirements when deciding what coins to label as First Strike coins? As it turns out, the primary definition of a First Strike coin is that it must have been shipped within one month of its official release date.
What does that mean?
If X coin is being officially released October 20, 2010, then whatever coins are shipped for sale within a month after that release date can potentially be designated as a First Strike coin. However, coins are often struck well in advance of their official release date. So the coin you have labeled as First Strike might have been made long after the first coins of that date, design, or type were actually produced.
By the way, the U.S. Mint doesn’t actually keep tabs on when certain coins were made. Therefore (and again), the First Strike designation is based on the coins found in shipments made within a month of the official release date.
Why You Might Buy A First Strike Coin Anyway
Because the numismatic community doesn’t really place any special premium in these so-called First Strike coins, the only reasons you might still buy a First Strike coin in a First Strike slab is because you like that particular coin’s:
Surface quality
Grade
Overall appearance
Some other intrinsic quality relating to the coin itself
Otherwise, a First Strike coin doesn’t represent any special value, especially given that you really can’t be sure a First Strike coin was actually one of the first of its type made — or even struck early during the minting time frame to begin with.
...Full page article... http://coins.thefuntimesguide.com/2010/01/first_strike_coin.php >>
As long as YOU understand what the term "First Strike" means, who really gives a rat's patoot about them?
Just think if they'd called the BaseBall HOF coins First Steee-rike!
<< <i>
As long as YOU understand what the term First Strike" means, who really gives a rat's patoot about them?
Just think if they'd called the BaseBall HOF coins First Steee-rike!
C'mon...let the man preach to the choir
<< <i>This maybe simply a rumor but..... The US Mint will cease to sell gold Kennedy Half Dollars at the Chicago ANA Show after today's sales. Any truth to the rumor ?? Thanks. >>
Yes that is true.
But presumably they still have 1500 coins at the show.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
You know what that means
If you are going to sell a "hot" item in person at a show, then do it AFTER a reasonable amount of time that the item has been for sale online. No way it should be offered first/only to in person people.
Online/mail first, at least a month (gives time for processing and shipping), then take a small amount to the shows. Would save a lot of headaches and costs.
And, I hope no one who ordered online gets them in time for the show. Just another way to try to greedily beat the system ... especially after working around order limits and screwing others for one's own flippable gains. Buy the max of 5 and flip them, fine. Go out of the way to do multiple accounts and family, with no interest, to get 20, 30, 40+, and that is just getting ridiculous. At least some of the dealers were paying above purchase amount and not just ordering online under multiple accounts (though, I am sure some of them were doing that too)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Order number: 437219**
Order Date: 08/05/2014 at 02:24 PM
Order Status: Your order request is on hold.
2014 KENNEDY ANNIVERSARY GOLD COIN 2 $1,240.00 $2,480.00 2 units backordered. Expected to ship on 08/20/2014.
<< <i>
<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins! ....................... Additional information is available online at www.WorldsFairOfMoney.com. >>
Yep, that's what's posted. I'll be dog-goned.
link >>
mercifully this outlandish kennedy gold Mint and ANA spectacle is over... Guess these mangers are not the sharpest tools in the shed
<< <i> mercifully this outlandish kennedy gold Mint and ANA spectacle is over... Guess these mangers are not the sharpest tools in the shed >>
-----
I didn't say the Mint wasn't in the loop. I said the Mint hasn't been consulting us, which was my nice way of saying that the Mint is doing what the Mint wants to do.
For Tuesday, the first people in line will receive up to 2 tickets until all tickets are gone. The Mint plans to send somebody out at about 10:45 a.m. to start distributing those tickets. The ticket-holders will then be led onto the bourse through a side entrance, so as not to parade a sea of people down one aisle on the bourse and interrupt dealers and collectors trying to do business.
Since my last post, I received info from the show director that the Convention Center security staff will be on patrol to kick out anybody trying to camp out overnight. The Convention Center security handles events that are much larger than the World's Fair of Money, such as Comic-Con. They know how to do crowd control very well.
So, to recap, show up with credentials in hand, hop in the line when the convention centers' doors open, and hope you're one of the first 250 to get the ticket so you can buy a coin.
If you have a complaint about the way security is handled, tell the ANA. If you have a complaint over the ticket system, the fairness of it all, the lines, or anything else, please call 1-800-USA-MINT. Jake Sherlock, ANA staff member
Member, TEC >>
<< <i>
<< <i>
<< <i>Sales Halted In Rosemont For New Gold Kennedy Coins! ....................... Additional information is available online at www.WorldsFairOfMoney.com. >>
Yep, that's what's posted. I'll be dog-goned.
link >>
mercifully this outlandish kennedy gold Mint and ANA spectacle is over... Guess these mangers are not the sharpest tools in the shed >>
NO ONE on here posted anything in advance that something like what has happened with this release would happen. (shoving? (or was it worse?) robberies?)
I don't blame the mint nor the ANA for this level of mayhem.
I am glad they shut it down for safety concerns.
I would be extremely happy had they also chosen to end all show and kiosk sales for hot item as mentioned many times already for the higher (but still not perfect) equity of online and phone and mail orders.
at least they made the decision that no one here even suggested - shut it down because its getting unsafe.
another good idea from both of them.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Mint suspends all retail sales of JFK gold, including ANA venue >>
Too little To late the damage is already done.....
So I'll pass on this one. Why tie up $1k+ on a "maybe".
Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1
Negative BST: NONE!
<< <i>
<< <i>Mint suspends all retail sales of JFK gold, including ANA venue >>
Too little To late the damage is already done..... >>
Dumb idea right from the start and turned a decent product into a fiasco.
....the only good thing is that I hope this will permanently stop the early sales of any Mint products at external sites.
<< <i>cc hit overnight for full amount on my 12:25 EST order. >>
Same here for my 1:01PM Order. Cancel Box gone as well.
437096xx is cancel box gone.
these were minutes apart, around 12:40 - 12:45pm
<< <i>This maybe simply a rumor but..... The US Mint will cease to sell gold Kennedy Half Dollars at the Chicago ANA Show after today's sales. Any truth to the rumor ?? Thanks. >>
Just go around back. Get all you can get. Everything has it's price , after all.
If not, there will be "tens" of buying parties instead of 2. Full employment in Baltimore later this fall!!! Street folks, homeless, come one.... come all!!!!!!! You're hired!!!!!
Instead of the show name..... just call it the "Homeless Family Reunion"
It will be interesting to see how quickly the shipping occurs and at which point the delays will begin.
Now they will ship and the returns will be flowing back to them.
I hope they have minted the next batch already, maybe they will learn not to screw people, but I doubt it.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
However when you go to the product page it says available for shipping 8/12/14.
I guess their shipping wheel is broken again.
people controlling their sale ???????????
Anybody get a shipping notice yet ?
a third location shows 9/15/14. They apparently are just manual entries with no real calculations or ties to available inventory.
As are most of their estimated shipping dates. Time to spin the Mint Shipping Wheel.
There must have been a boatload of orders cancelled.
<< <i>They are waiting on me to leave on vacation. Then they will be sure to ship Next Day Air so they can sit outside for a couple weeks. >>
Man, I hate it when that happens.
<< <i>They are waiting on me to leave on vacation. Then they will be sure to ship Next Day Air so they can sit outside for a couple weeks. >>
Call the mint. They are able to hold your order for a couple of weeks. (I did this once...)
<< <i>They are waiting on me to leave on vacation. Then they will be sure to ship Next Day Air so they can sit outside for a couple weeks. >>
They won't sit outside, signature required. Two choices.
1. Contact their carrier (not sure, UPS or FEDEX) and make arrangements for them to hold until you return. You'll need to wait until Mint posts tracking number and then act quickly before delivery.
2. Contact mint and make arrangements for delivery to family or a neighbor. Will require mint to put different name/address on shipment so recipient will be authorzed to sign for shipment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Let us recap. Started with 8/5 then 9/10 then 9/15 then back to 8/12 now 9/10 again.
This seems more and more like a loaded deck.
Sorry I ever got into it. But happy I got out quickly.
<< <i>Will very many get in under the First strike Deadline. The small time flippers are getting squeezed out by the big dealers.
This seems more and more like a loaded deck. >>
Big dealers, small flippers, and indivdual collectors are treated equally with online Mint orders. Orders are shipped in the order they are placed unless their is a credit card issue. The only advantage a big dealer has, when there are household limits, is that his pockets are deeper and he is able to put more people to get in the same "online" ordering line as all other buyers.
We hear the same complaints over and over about the mint's delivery system but consider this: the mint is trying to fill tens of thousands of orders on just this one coin plus everything else they sell. Their changing of shipping dates is most likely caused by changes to the delivery of more customing packaging from their contracted supplier(s). While the mint can over produce the actual coins at little loss (just melt them), they have to eat any costs on leftover, unsold mint packaging. They are more likely to err on the side of caution when ordering this packaging material from their contractors. It would be ideal however if the mint would just go ahead and ship the coin and capsule to buyers and follow up with shipping the packaging material later in such cases. This would give more buyers "First Strike" opportunity. A simple way to do this would be for the mint to offer the capsuled coin as one item and the packaging as a separate item. This would allow them to easily get the coins out when packaging is not yet on hand.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Many of the recent events were preplanned and paid for in an effort to control the quantity of special coins
and the number of people controlling their sale. As far as the shipping goes:
1. about half of the posts are complaints and the other half are people taking the opportunity for a little humor.
2. It has been proven beyond a reasonable doubt and also appears in the mints own words that all orders are not shipped in order received.
A. Orders placed on hold for any reason are reinserted at the (END) of the current pick list when settled. ( I have first hand knowledge of this)
B. Per the mint on a given shipment batch orders are seperated into like groups for more expediant shipping then shipped in order within thoes groups.
Example seperate in groups orders of 5 and orders of 1 then all other. The group of 5's are shipped in order. then the group of 1's are shipped in order
then all other amounts are shipped in order.
c. This is a common practice when big shipments of the same item are done. and an order for five that is hours after an order for 2 can easily be shipped a
day or two sooner.
As far as getting coins out in time for First Strike the Mint does not give a Rat's A** and they have no reason to.