I was wrong. Someone was desperate enough to sell way below market. >>
Maybe you were wrong...maybe not. The seller has no prior coin selling history and that was the only item listed. That MO is often the case for a hijacked account...
I was wrong. Someone was desperate enough to sell way below market. >>
Maybe you were wrong...maybe not. The seller has no prior coin selling history and that was the only item listed. That MO is often the case for a hijacked account... >>
While it is known that the mint reships returns, there are enough returns and quality coins that I would not be concerned about getting someone's reject. Perhaps they could not flip it.
Here's one with Chicago Label ANA but bought in Washington D.C. I would think the a DC Mint Label would be more desirable than a Chicago ANA Label. JMHO.
What is the Mint waiting for? Hasn't it been 2 weeks where the returns are greater than sales and yet they keep it open for sale? Just reinforces my opinion that the federal govt is slow and dumb. I feel certain that if they would halt sales then the returns would dry up fast.
Gold and silver are valuable but wisdom is priceless.
<< <i>What is the Mint waiting for? Hasn't it been 2 weeks where the returns are greater than sales and yet they keep it open for sale? Just reinforces my opinion that the federal govt is slow and dumb. I feel certain that if they would halt sales then the returns would dry up fast. >>
As long as they are making money on each coin they should keep stamping them out. More coins for actual collectors that way.
A few years down the road if collectors can get them for melt then thats a big plus too. As long as the mint is turning a profit nothing else should matter.
The mint doesn't need to cater to speculators , that isn't its mission if they can sell a million then make a million.
Here's one with Chicago Label ANA but bought in Washington D.C. I would think the a DC Mint Label would be more desirable than a Chicago ANA Label. JMHO. >>
That whole thing is silly because unless the receipt is stapled to the coin when purchased there is no way to guarantee that the coin graded is the same one purchased in Timbuktoo...
<< <i>Kudbegud, did you get the numbers from the Federal Register? Just wondering. >>
On the mint site HERE Bottom right corner of their front page, "Production & Sales Figures" gets you there. Suposed to be posted by 5 pm Tuesday but was late yesterday. "Figures are posted weekly by 5 p.m. (ET) Tuesdays to reflect sales demand through the previous Sunday, starting on June 18, 2013."
The mint doesn't need to cater to speculators , that isn't its mission if they can sell a million then make a million. >>
They aren't selling much when the returns are higher than sales. If I was running the Mint I think that I would cut them off when the average of 3 weeks of sales fall below a certain level. Otherwise, it just dies on the vine. Of course if you have a certain inventory you have to try and sell them.
Gold and silver are valuable but wisdom is priceless.
My guess is very small incremental sales from here 100-200 a week And also a revision in mintage figures later, downwards I'm thinking to under 60k They definitely have not factored in all returns or cancellations
At this point the best thing The Mint could do is announce and end date for sales of this coin,,,,, say September 30, 2014.
This might put an end to most of the returns and might even get a few more orders on the books.
Who knows,,,,,, a small enough FINAL Mintage number might put some legs back under old JFK
Keep selling them until the end of the year and this coin is doomed to a melt value only item. The sooner sales end the better. I might even buy one when they are cheap enough.
I don'r get why anyone would buy from them at $1,299 when it can be bought direct from the mint at the new price of $1,202.50 besides the fact of why they would buy from Ag-town. And that original price of $1,699.95 for a raw coin they have certainly cherry picked out as not 70 possible really is foolish
<< <i>I don'r get why anyone would buy from them at $1,299 when it can be bought direct from the mint at the new price of $1,202.50 besides the fact of why they would buy from Ag-town. >>
Ag-town is okay , they listed rolls of ASE's today for $108 apiece
Comments
<< <i>But one sold at melt. NGC 70 ER $955.75
I was wrong. Someone was desperate enough to sell way below market. >>
Maybe you were wrong...maybe not. The seller has no prior coin selling history and that was the only item listed. That MO is often the case for a hijacked account...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>
<< <i>But one sold at melt. NGC 70 ER $955.75
I was wrong. Someone was desperate enough to sell way below market. >>
Maybe you were wrong...maybe not. The seller has no prior coin selling history and that was the only item listed. That MO is often the case for a hijacked account... >>
<< <i>to sell a PR70 for under $1,000 is foolish. I would have happily paid several hundred more. >>
Yes, exactly $240 plus SH.
$1,134.00
$1,134.00
Interestingly PR70FS pop is showing 2572 vs PR69FS at 1128 - still over 2:1 ratio for 70s
K14 - 2 Coin Set
7/27 - 84,593
8/3 - 97,655 +13,062
8/10 - 112,134 +14,479
8/17 - 116,937 +4,803
8/25 - 120,708 +3,771
8/31 - 124, 887 +4179
9/7 - 127,749 +2862
9/14 - 129,986 +2237
K15 - Gold
8/10 - 62,341
9/17 - 63,521 +1,180
8/25 - 63,388 -133
8/31 - 64,305 +917
9/7 - 63,927 -378
9/14 - 63,384 -543
Almost back to the first day number for the gold. Returned coins taking their toll.
Perhaps they sit online for a while.
Will clad sales scavenge silver set sales? Will collectors have had their fill of kennedy by late october?
And fun! The plat proof is also at the end of October!
<< <i>I wonder how many people waiting on their orders haven't seen the secondary market for them >>
I doubt anyone is waiting on an order. I did not place my order on the first day, and it has arrived. They have more than enough coins minted already
I assumed the gold was still on BO
It isn't. They are in stock!
The clad is still on BO.
While it is known that the mint reships returns, there are enough returns and quality coins that I would not be concerned about getting someone's reject. Perhaps they could not flip it.
Time to move on,,,,,,,,,,,
GrandAm
Although the number of amateur flippers who are now collectors is unknown
Here's one with Chicago Label ANA but bought in Washington D.C. I would think the a DC Mint Label would be more desirable than a Chicago ANA Label. JMHO.
Box of 20
<< <i>PCGS 69DCAMFS
$1,134.00 >>
another ebay seller with low feedback.. these type of sellers seem to always get destroyed selling items on the bay
begin. Look out beloooooooooowwwwww.
<< <i>What is the Mint waiting for? Hasn't it been 2 weeks where the returns are greater than sales and yet they keep it open for sale? Just reinforces my opinion that the federal govt is slow and dumb. I feel certain that if they would halt sales then the returns would dry up fast. >>
As long as they are making money on each coin they should keep stamping them out. More coins for actual collectors that way.
A few years down the road if collectors can get them for melt then thats a big plus too. As long as the mint is turning a profit nothing else should matter.
The mint doesn't need to cater to speculators , that isn't its mission if they can sell a million then make a million.
For those that bought and are holding raw, I hope you see spot price buoy you.
For those that chose not to gamble, you are safe.
Perhaps they just went off BO.
I will guess next week will see a slight uptick is sales.
My clad number was too low.
Next week's guess
Gold +150
Clad +1750
I knew it would happen.
<< <i>Chicago Label/ Bought in DC FS DCAM 70
Here's one with Chicago Label ANA but bought in Washington D.C. I would think the a DC Mint Label would be more desirable than a Chicago ANA Label. JMHO. >>
That whole thing is silly because unless the receipt is stapled to the coin when purchased there is no way to guarantee that the coin graded is the same one purchased in Timbuktoo...
<< <i>Kudbegud, did you get the numbers from the Federal Register? Just wondering. >>
On the mint site HERE
Bottom right corner of their front page, "Production & Sales Figures" gets you there. Suposed to be posted by 5 pm Tuesday but was late yesterday.
"Figures are posted weekly by 5 p.m. (ET) Tuesdays to reflect sales demand through the previous Sunday, starting on June 18, 2013."
Through the roof , like that one coin
Flat to slightly up
Here is someone who hasn't done their homework
They aren't selling much when the returns are higher than sales. If I was running the Mint I think that I would cut them off when the average of 3 weeks of sales fall below a certain level. Otherwise, it just dies on the vine. Of course if you have a certain inventory you have to try and sell them.
<< <i>I am puzzled by the returns……….
>>
period
100-200 a week
And also a revision in mintage figures later, downwards
I'm thinking to under 60k
They definitely have not factored in all returns or cancellations
This might put an end to most of the returns and might even get a few more orders on the books.
Who knows,,,,,, a small enough FINAL Mintage number might put some legs back under old JFK
Keep selling them until the end of the year and this coin is doomed to a melt value only item. The sooner sales end the better. I might even buy one when they are cheap enough.
JMHO, GrandAm
This is a not hot secondary market issue, but it is definitely hot enough that it sold more than the RP Buffs
I'm quite satisfied
And that original price of $1,699.95 for a raw coin they have certainly cherry picked out as not 70 possible really is
<< <i>I don'r get why anyone would buy from them at $1,299 when it can be bought direct from the mint at the new price of $1,202.50 besides the fact of why they would buy from Ag-town.
Ag-town is okay , they listed rolls of ASE's today for $108 apiece
<< <i>Ag-town is okay , they listed rolls of ASE's today for $108 apiece
How many did you scoop up?
One
<< <i>One
Saw your post. Worth a shot.....and 99.99% they won't honor your order
<< <i>From here?
Flat to slightly up
Here is someone who hasn't done their homework >>
Oucheroo!