Originally posted by: Onedollarnohollar Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Got my box of nine last night. I had sold eight on EBay, so I looked at them all. Quality seemed pretty consistent. Most or all had the finning, but I didn't open the capsules. I liked it, but it sure is small.
Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Yes if submitted in the first 30 days, in this case by May 19th, they do not need to be in sealed box.
Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Yes if submitted in the first 30 days, in this case by May 19th, they do not need to be in sealed box.
A slight correction; the cut off date if not sent in a sealed original mint shipped box is Sunday, May 22
Being closed on a Sunday, the actual date could be Saturday, May 21st if they get a delivery or pick up the mail at the post office. To be safe I'd make sure your coins would arrive at the Newport Beach PO the 20th or better yet, as stated by VanHalen, the 19th.
Originally posted by: CaptHenway Coin World Online story says Mint has about 3,800 pieces unsold due to credit card failures, returns, etc. Also explains why the bands are so crappy:
Sufficient orders were received April 21 for the 125,000 2016-W Winged Liberty Head Centennial gold dimes, but cancellations and returns left nearly 3,800 coins for U.S. Mint officials to wrestle with how to fairly distribute.
Can't wait to see what the mint thinks is fair distribution. Don't they have a waiting list?
Originally posted by: CaptHenway Coin World Online story says Mint has about 3,800 pieces unsold due to credit card failures, returns, etc. Also explains why the bands are so crappy:
Sufficient orders were received April 21 for the 125,000 2016-W Winged Liberty Head Centennial gold dimes, but cancellations and returns left nearly 3,800 coins for U.S. Mint officials to wrestle with how to fairly distribute.
Can't wait to see what the mint thinks is fair distribution. Don't they have a waiting list?
How about 1 per and no previous order from the account ? That would seem very fair
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Originally posted by: bluelobster Nice pic, with all of the sniveling about the coin, including myself, that's a pretty nice looking coin after all is said.
There's a clear hint of band separation, as seen in the ATS photo. What I find interesting is that the peripheral lettering on both sides of the coin is fully struck up -- something that's lacking in many a FB Merc.
Originally posted by: bluelobster Nice pic, with all of the sniveling about the coin, including myself, that's a pretty nice looking coin after all is said.
There's a clear hint of band separation, as seen in the ATS photo. What I find interesting is that the peripheral lettering on both sides of the coin is fully struck up -- something that's lacking in many a FB Merc.
Well, yes there is a hint of FB, but this is what real ones in the center look like. So I will keep sniveling
Originally posted by: GRANDAM So is a coin with this "finning" worth keeping or should it be returned to get your money back?
Will PCGS grade such a coin MS69 or MS70?
That is a good question and I don't know the answer either and I also would like to know what PCGS thinks. I have sent coins in with a very small defect on the rim that you need a magnifying glass to see and ended up withy 69's. I would be surprised if any came back 70, but then again there seem to be a lot of finning examples being mentioned, so maybe if it isn't much it would pass? I am waiting the a 70 I bought to arrive tomorrow and I will check it carefully to see if any finning is on it.
I called the mint a couple of times about this. They informed me that interested buyers will receive an email notifying them as to when the remaining centennial gold coins will go on sale. Other folks on this board have mentioned that there may be an early sale on the mint site but mint personnel were adamant that an email to interested buyers would be sent out first. I cannot believe how sloppy the mint is about this and why a more formal statement has not been made about availability of the remaining coins.
Originally posted by: reddwing I called the mint a couple of times about this. They informed me that interested buyers will receive an email notifying them as to when the remaining centennial gold coins will go on sale. Other folks on this board have mentioned that there may be an early sale on the mint site but mint personnel were adamant that an email to interested buyers would be sent out first. I cannot believe how sloppy the mint is about this and why a more formal statement has not been made about availability of the remaining coins.
Ok, so how do they determine who are "interested buyers?"
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Looked at my order of 10 today, small but very nice. I have 4 or 5 of them with the finned rims too. Speaking of the rims, looks like it will be hard finding a gold Mercury that has nice rims with no pitting. I noticed pitting on the d in United States on the reverse on 2 of the coins I recieved as well.
I just sent out nine of these on Saturday, they fit pretty nice in a Small Flat Rate box, costs $6.10 through Ebay to ship. Most were delivered today, already getting positive feedback.
I just sent out nine of these on Saturday, they fit pretty nice in a Small Flat Rate box, costs $6.10 through Ebay to ship. Most were delivered today, already getting positive feedback.
Thank you.
I have 10 to send out in full OGP and I don't think a small flat rate works, but it does appear a medium flat rate does, once taken out of the shipping box.
Appreciate it as my buyer said it was ok to do so now.
Just received mine. 3 of the ten have obvious, serious finish flaws on the raised portions of the column device on the reverse. Ouch. I think that 4 of the 10 are very clean. Some substantial packaging for these little coins - much like the 1/10 08 buffs. Nice looking little coins. Looking forward to the next two. Not looking so much forward to the likely ordering nightmare that they will be on the Mint's site...
Just checked and now over 700 current eBay listings for Mercury dime gold. At 10% profit from of all these sales (over 1100 sold listings), I think the big winner is eBay. May decide to buy eBay shares along with PCGS (CLCT) to make money on this one and the next two.
Edited to add PCGS pops now at 280 -70's, and 51 -69's. It does appear that many are being searched first to submit only the better ones, based on some of the finish/finning issues reported.
Just checked and now over 700 current eBay listings for Mercury dime gold. At 10% profit from of all these sales (over 1100 sold listings), I think the big winner is eBay. May decide to buy eBay shares along with PCGS (CLCT) to make money on this one and the next two.
Edited to add PCGS pops now at 280 -70's, and 51 -69's. It does appear that many are being searched first to submit only the better ones, based on some of the finish/finning issues reported.
Most are being prescreened for sure. In fact it's possible all submitted thus far have been but I still believe we're at a 50% "70 rate" straight from the mint.
If the SLQ comes in that high and gold stays solid? Yee Haw! I bet the household limit on the quarter will be 2 pieces though.
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage. That will slow up quite a few buyers as $205 was a lot easier to get some extras to many. However, considering the Mint did well with the Mercury, profit wise, they may go open ended on mintages and even house hold limits, which could really hurt the flipping scenario, but generate more money for them.
That could really mess things up, and I don't give it a high probability, but not impossible. Or they may just set a high mintage again, like 100,000 and even that would be a little harder to sell out as quite fast, maybe in 2 or 3 hours, LOL. They did manage to sell about 75,000 3/4 ounce Kennedy golds at $1200 Plus, and I think the HH limits were five, so they may not drop to 2 per HH, as their goal may be to sell a lot and make money and not worry about the aftermath in the flipping or collecting world. I am guessing an HH limit of 5, but with risk of them increasing the total mintage if it looks like they sell too fast and they feel more profits are possible.
Originally posted by: Goldminers The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499...
I'm not seeing a whole lot of profit on the Mercury dimes, preflippers and graded coins excluded.
Looks to me like they are "tanking" and the # of listings is greater than any other I can remember, at least in the last 10 years. Bottom # today is $265, less fees and costs that's what
$40 bucks....?? I'd expect a further decline in the #'s on these.
Originally posted by: Goldminers The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
So for those wondering what the packaging costs, and the true markup of the gold within, if the packaging costs $35 then the mint is charging about $1700/ozt. On the high side, if the packaging costs $40 then the mint is charging $1650/ozt. I am more willing to accept the $40 numbers, since a similar anomaly occurs with the .25ozt proof AGE and its packaging.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Just received my box of five this afternoon...listed the mint sealed box on the bay and sold it within an hour...shipping tomorrow. see you on the gold quarter thread...
Just received my box of five this afternoon...listed the mint sealed box on the bay and sold it within an hour...shipping tomorrow. see you on the gold quarter thread...
Good for you. Seriously. It's nice to get something in, and out, so quickly.
How much did you put it up for? I believe I undersold mine, but I sold it to someone I know, off of ebay, and know I won't have any headaches. May he get 10 PCGS 70s out of it, then it will definitely be a win-win
Originally posted by: JCLIGHTBRIGADE I'm not seeing a whole lot of profit on the Mercury dimes, preflippers and graded coins excluded.
Looks to me like they are "tanking" and the # of listings is greater than any other I can remember, at least in the last 10 years. Bottom # today is $265, less fees and costs that's what
$40 bucks....?? I'd expect a further decline in the #'s on these.
Listings up nearly 300 over April 25 on Ebay .... however, prices have been steady to down only $ 15 bucks .. over 100 sales each day .. Ebay is the winner
Originally posted by: Goldminers The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
So for those wondering what the packaging costs, and the true markup of the gold within, if the packaging costs $35 then the mint is charging about $1700/ozt. On the high side, if the packaging costs $40 then the mint is charging $1650/ozt. I am more willing to accept the $40 numbers, since a similar anomaly occurs with the .25ozt proof AGE and its packaging.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Packaging cost too high..... doubt Mint would spend that much on a $200 coin
Just received my box of five this afternoon...listed the mint sealed box on the bay and sold it within an hour...shipping tomorrow. see you on the gold quarter thread...
Good for you. Seriously. It's nice to get something in, and out, so quickly.
How much did you put it up for? I believe I undersold mine, but I sold it to someone I know, off of ebay, and know I won't have any headaches. May he get 10 PCGS 70s out of it, then it will definitely be a win-win
Same here. Mine were sold before I ordered them for a no hassle deal with all shipping costs paid and a reasonable profit. I bet there's around 50% 70s in the box and needs to be for the buyer to make a good profit too.
FYI: My second (and final) box arrived last night and shipped off this afternoon.
So have any major grading companies answered any of the grading questions with the finning? My box of 10 and four finned gold Mercury dimes. Some where finned on the obverse some the reverse. One had finning on both the obverse and reverse.
Has anyone even determined if these qualify as an "error" coin? Seems like a lot of snake oil salesmanship to me, as many/most exhibit same finning.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Originally posted by: Goldminers The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
So for those wondering what the packaging costs, and the true markup of the gold within, if the packaging costs $35 then the mint is charging about $1700/ozt. On the high side, if the packaging costs $40 then the mint is charging $1650/ozt. I am more willing to accept the $40 numbers, since a similar anomaly occurs with the .25ozt proof AGE and its packaging.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Packaging cost too high..... doubt Mint would spend that much on a $200 coin
Then please tell me where my math went wrong. (I mean, it's pretty basic stuff.)
They're going to use the same packaging for all three coins. Will the packaging then become too cheap for the 1/2oz?
Comments
Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Quality seemed pretty consistent.
Most or all had the finning, but I didn't open the capsules.
I liked it, but it sure is small.
Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Yes if submitted in the first 30 days, in this case by May 19th, they do not need to be in sealed box.
Forgive me if I missed this from earlier posts but do these need to be sent in to PCGS still packaged in the original, unopened, mint shipping box for them to qualify for first strike designation or are they all first strike eligible since they sold out within 45 minutes and can be sent in individually once you have a chance to inspect them and cherry pick the best for grading? Thanks
If I'm not mistaken, they just need to submitted within the 30 day window after the initial release date. Someone will correct me if wrong.
Yes if submitted in the first 30 days, in this case by May 19th, they do not need to be in sealed box.
A slight correction; the cut off date if not sent in a sealed original mint shipped box is Sunday, May 22
Being closed on a Sunday, the actual date could be Saturday, May 21st if they get a delivery or pick up the mail at the post office. To be safe I'd make sure your coins would arrive at the Newport Beach PO the 20th or better yet, as stated by VanHalen, the 19th.
Coin World Online story says Mint has about 3,800 pieces unsold due to credit card failures, returns, etc. Also explains why the bands are so crappy:
http://www.coinworld.com/news/...n-min-inventory.2.html
TD
Sufficient orders were received April 21 for the 125,000 2016-W Winged Liberty Head Centennial gold dimes, but cancellations and returns left nearly 3,800 coins for U.S. Mint officials to wrestle with how to fairly distribute.
Can't wait to see what the mint thinks is fair distribution. Don't they have a waiting list?
Coin World Online story says Mint has about 3,800 pieces unsold due to credit card failures, returns, etc. Also explains why the bands are so crappy:
http://www.coinworld.com/news/...n-min-inventory.2.html
TD
Sufficient orders were received April 21 for the 125,000 2016-W Winged Liberty Head Centennial gold dimes, but cancellations and returns left nearly 3,800 coins for U.S. Mint officials to wrestle with how to fairly distribute.
Can't wait to see what the mint thinks is fair distribution. Don't they have a waiting list?
How about 1 per and no previous order from the account
?
That would seem very fair
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I think that there will be a lot more returns. Will be interesting to see how the Mint distributes those.
Nice pic, with all of the sniveling about the coin, including myself, that's a pretty nice looking coin after all is said.
There's a clear hint of band separation, as seen in the ATS photo. What I find interesting is that the peripheral lettering on both sides of the coin is fully struck up -- something that's lacking in many a FB Merc.
Nice pic, with all of the sniveling about the coin, including myself, that's a pretty nice looking coin after all is said.
There's a clear hint of band separation, as seen in the ATS photo. What I find interesting is that the peripheral lettering on both sides of the coin is fully struck up -- something that's lacking in many a FB Merc.
Well, yes there is a hint of FB, but this is what real ones in the center look like. So I will keep sniveling
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
So is a coin with this "finning" worth keeping or should it be returned to get your money back?
Will PCGS grade such a coin MS69 or MS70?
That is a good question and I don't know the answer either and I also would like to know what PCGS thinks. I have sent coins in with a very small defect on the rim that you need a magnifying glass to see and ended up withy 69's. I would be surprised if any came back 70, but then again there seem to be a lot of finning examples being mentioned, so maybe if it isn't much it would pass? I am waiting the a 70 I bought to arrive tomorrow and I will check it carefully to see if any finning is on it.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
I called the mint a couple of times about this. They informed me that interested buyers will receive an email notifying them as to when the remaining centennial gold coins will go on sale. Other folks on this board have mentioned that there may be an early sale on the mint site but mint personnel were adamant that an email to interested buyers would be sent out first. I cannot believe how sloppy the mint is about this and why a more formal statement has not been made about availability of the remaining coins.
Ok, so how do they determine who are "interested buyers?"
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
In the original box?
Taken out of the original box, will they fit in any of the flat rates from the USPS?
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
I just sent out nine of these on Saturday, they fit pretty nice in a Small Flat Rate box, costs $6.10 through Ebay to ship. Most were delivered today, already getting positive feedback.
Thank you.
I have 10 to send out in full OGP and I don't think a small flat rate works, but it does appear a medium flat rate does, once taken out of the shipping box.
Appreciate it as my buyer said it was ok to do so now.
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
Edited to add PCGS pops now at 280 -70's, and 51 -69's. It does appear that many are being searched first to submit only the better ones, based on some of the finish/finning issues reported.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
My coins are due to arrive (finally) today. Can someone post a picture of the "finning" that is being reported? Thanks
Just go to a previous page or two (depending on your settings) and look for Jwitten's post.
He already posted a picture of it a couple of days ago.
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
Just checked and now over 700 current eBay listings for Mercury dime gold. At 10% profit from of all these sales (over 1100 sold listings), I think the big winner is eBay. May decide to buy eBay shares along with PCGS (CLCT) to make money on this one and the next two.
Edited to add PCGS pops now at 280 -70's, and 51 -69's. It does appear that many are being searched first to submit only the better ones, based on some of the finish/finning issues reported.
Most are being prescreened for sure. In fact it's possible all submitted thus far have been but I still believe we're at a 50% "70 rate" straight from the mint.
If the SLQ comes in that high and gold stays solid? Yee Haw! I bet the household limit on the quarter will be 2 pieces though.
buyers as $205 was a lot easier to get some extras to many. However, considering the Mint did well with the Mercury, profit wise, they may go open ended on mintages and even house hold limits, which could really hurt the flipping scenario, but generate more money for them.
That could really mess things up, and I don't give it a high probability, but not impossible. Or they may just set a high mintage again, like 100,000 and even that would be a little harder to sell out as quite fast, maybe in 2 or 3 hours, LOL. They did manage to sell about 75,000 3/4 ounce Kennedy golds at $1200 Plus, and I think the HH limits were five, so they may not drop to 2 per HH, as their goal may be to sell a lot and make money and not worry about the aftermath in the flipping or collecting world. I am guessing an HH limit of 5, but with risk of them increasing the total mintage if it looks like they sell too fast and they feel more profits are possible.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499...
Your estimate is close... https://s3.amazonaws.com/publi...ter.gov/2016-08702.pdf
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499...
Your estimate is close... https://s3.amazonaws.com/publi...ter.gov/2016-08702.pdf
Thanks for the link
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Looks to me like they are "tanking" and the # of listings is greater than any other I can remember, at least in the last 10 years. Bottom # today is $265, less fees and costs that's what
$40 bucks....?? I'd expect a further decline in the #'s on these.
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Just received my box of five this afternoon...listed the mint sealed box on the bay and sold it within an hour...shipping tomorrow. see you on the gold quarter thread...
Good for you. Seriously. It's nice to get something in, and out, so quickly.
How much did you put it up for? I believe I undersold mine, but I sold it to someone I know, off of ebay, and know I won't have any headaches. May he get 10 PCGS 70s out of it, then it will definitely be a win-win
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
I'm not seeing a whole lot of profit on the Mercury dimes, preflippers and graded coins excluded.
Looks to me like they are "tanking" and the # of listings is greater than any other I can remember, at least in the last 10 years. Bottom # today is $265, less fees and costs that's what
$40 bucks....??
I'd expect a further decline in the #'s on these.
Listings up nearly 300 over April 25 on Ebay .... however, prices have been steady to down only $ 15 bucks .. over 100 sales each day .. Ebay is the winner
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Packaging cost too high..... doubt Mint would spend that much on a $200 coin
What I do find upsetting is quality control. What the mint charged for these they should no have the rim issues....
Edited to add: I have no seen one in hand yet but from what is being posted the rims look nasty.
Just received my box of five this afternoon...listed the mint sealed box on the bay and sold it within an hour...shipping tomorrow. see you on the gold quarter thread...
Good for you. Seriously. It's nice to get something in, and out, so quickly.
How much did you put it up for? I believe I undersold mine, but I sold it to someone I know, off of ebay, and know I won't have any headaches. May he get 10 PCGS 70s out of it, then it will definitely be a win-win
Same here. Mine were sold before I ordered them for a no hassle deal with all shipping costs paid and a reasonable profit. I bet there's around 50% 70s in the box and needs to be for the buyer to make a good profit too.
FYI: My second (and final) box arrived last night and shipped off this afternoon.
OEAAOSw2x1XKsVc">PCGS MS 70 Finned
Box of 20
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
The 2016 SLB quarter ounce gold (approx. $325 melt), the Mint will probably add their margins and costs and sell them for around $499 I am estimating at this stage.
In regards to margins and costs, I did this when they first published the pricing schedule to find out what the actual $/oz was. (Didn't post it though, it gets into really geeky territory. But, hey, I'm doing backups and I'm bored right now...)
The analysis basically takes the price of the product, subtracts the cost of the packaging, then adjusts that net price to an ounce of gold. There are two price points for the packaging that make sense.
While the $35-$40 might seem high for the packaging, it also includes the labor to put the capsule in the display box and the outer packaging. Well, yeah, even with that in mind, it still seems high...
Packaging cost too high..... doubt Mint would spend that much on a $200 coin
Then please tell me where my math went wrong. (I mean, it's pretty basic stuff.)
They're going to use the same packaging for all three coins. Will the packaging then become too cheap for the 1/2oz?
Edit to say: Wow. 1000th post. I spend way too much time here.
There are almost 5100 in inventory now...
Edit to say: Wow. 1000th post. I spend way too much time here.
They still have the household limit as 10. They should make it 1 for the rest.
Box of 20