I sent 1 back and PO said it was delivered last Friday. Called today to confirm the receipt and they said is was not shown returned. Now I'm a bit nervous. Surely they wouldn't be playing some game.
Gold and silver are valuable but wisdom is priceless.
@Coinsponge said:
I sent 1 back and PO said it was delivered last Friday. Called today to confirm the receipt and they said is was not shown returned. Now I'm a bit nervous. Surely they wouldn't be playing some game.
Per my personal experience, it usually takes at least 3 to 5 working days for them to log in a returned item. I would not be to concerned at this stage.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Coinsponge said:
I sent 1 back and PO said it was delivered last Friday. Called today to confirm the receipt and they said is was not shown returned. Now I'm a bit nervous. Surely they wouldn't be playing some game.
Per my personal experience, it usually takes at least 3 to 5 working days for them to log in a returned item. I would not be to concerned at this stage.
That's comforting. Might also explain why they only reduced by 3. Maybe most returns are not logged in yet.
Gold and silver are valuable but wisdom is priceless.
@Coinsponge said:
I sent 1 back and PO said it was delivered last Friday. Called today to confirm the receipt and they said is was not shown returned. Now I'm a bit nervous. Surely they wouldn't be playing some game.
Having it received is not the same thing as having it logged into the system. Don't worry.
@CoinMaster1229 said:
How about we all get pitch in a coin, then have a public coin melt down to come in under Jackie...
I can see it now:
Final mintage 5175: "NPS gold in 2nd place, price collapses, now bringing less than melt!"
-- or --
Final mintage 5173: "NPS gold is new king, price quadruples overnight!"
@CA5MAN said:
I'm sure a lot of people loaded up on the graded stuff. If the numbers come in too high I suspect they'd lose the most.
The raws will follow the same fate and any ebay sales would likely get returned.
The Unc Clads have also doubled in price and are in no jeopardy of being oversold.
If you look at the PCGS pop report for the $5MS....PCGS has graded only 236 in all grades and labels, which makes it physically impossible for people to have "loaded up" prior to the recent potential run up.
I love looking at stats...............
Since December 31, 2016 we now have another MS70(non FS) added to the POP report.
My four returns just arrived back to them today. I figure at least 2 weeks to show it the final figures. Probably at least two weeks for a refund. No worries, they get to all returns slowly but surely.
@2manycoins2fewfunds said:
You guys a wringing your hands over who will be king.
Has it occurred to you that you may just end up with two jokers?
Price is a product of demand in relation to supply.
Up until 2 months ago there was demand for only about 3K..........now supply is 5K.
Agreed. This whole thread vaguely reminds me a micro-scale version of the Hunt Brothers' attempts to corner the silver market, only in reverse. Here people are urged to give up their NPS $5 unc. "dogs" ( what does that mean - those under MS-68? 67?) and return them back to the Mint in order to lower the final sales below the Jackie and catapult this coin into a perceived rarity.
All I can say is lotsa luck! 2manycoins2fewfunds is right: price is a product of demand in relation to supply.
@thebigeng said:
Mr Smith are these "Early Release" Or Normal?
NGC does not appear to differentiate between label designations for this coin. It seems that all are grouped into 1 "Base" category. Or no one submitted in time for an early release designation for this coin. Don't know, sorry.
Jokers, I like that. I agree with the sentiment that there were at best 3.2 "real" sales with 2k gone to late sale flippers. That last bit demos the Dispersion principle. Jackie had much, much better dispersion but was still hurt by them opening a second sales period for it. How many real collectors for this $5 dollar unc. series? Very few, I would imagine and likely the real reason for the drop in Jackie prices.... I've picked up one here and there including all but the olympic uncs that were scarce. Who really cares about the Smithsonian, or the slightly larger LOC, or Wright brother uncs?
Crickets? If not worth a flip attempt, how would there be any sales. I still find the proof plat one ounce coins of recent years a mystery. Where is the collector base for that one?
Love that Milled British (1830-1960) Well, just Love coins, period.
I recognize that ebay name, it is a poster here. I don't blame anyone for locking in profits on this coin and recovering expenses. We don't know if this coin will come in under JR and the real final audited numbers won't be out for months. Right now JR is still ahead.
All 8 sold within a 2 hr time frame. That would indicate, the BIN was set to low. BTW eBay fees, with a store subscription and having obtained "top rated seller status," is 6%. In addition, you will receive a 20% refund of your FVF, which will bring down your cost to approx. 4.8% & not the 8-10% that 2manycoins2fewfunds posted.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
TRS status discs real pain to get in terms of # of transactions. PowerSeller made far more sense an was a mix of number of transactions and amount of transactions.
I don't think you can take much out of flip action. Some with a good supply might think it is better to take a little profit and move on than to hold for appreciation or to be undercut by another coin issue. I am sure there were in the past many valuable moderns that were flipped initially pretty cheap.
Gold and silver are valuable but wisdom is priceless.
I remember back in 2008 getting a good order of the Silver eagles with the reverse of 2007. I wanted to recoupe my costs first so I sold some at a price much cheaper than they go today.
Gold and silver are valuable but wisdom is priceless.
@OPA said:
All 8 sold within a 2 hr time frame. That would indicate, the BIN was set to low. BTW eBay fees, with a store subscription and having obtained "top rated seller status," is 6%. In addition, you will receive a 20% refund of your FVF, which will bring down your cost to approx. 4.8% & not the 8-10% that 2manycoins2fewfunds posted.
Meant to add...
There is also the shipping cost which I've not found to be free when shipping coins to buyers - but ebay seems to think that it's free. Go figure.
I bought a $5 Unc from the Mint on the first day. I did open the Mint box to inspect the coin and it look perfect under 5x magnification. Little did I know that I might have a beautiful semi key coin in my hand
@Rarity said:
I bought a $5 Unc from the Mint on the first day. I did open the Mint box to inspect the coin and it look perfect under 5x magnification. Little did I know that I might have a beautiful semi key coin in my hand
You may well have a beautiful key on your hands. Returns could drive it down below Jackie.
Some have mentioned the concept of the size of the collector base of a particular type of coin dictating demand. Well, I think this theory may be just a little rigid. I think keys and simi-keys also have a collector base independent of the type. You have to include that group in the total demand,
Gold and silver are valuable but wisdom is priceless.
@Coinsponge said:
Some have mentioned the concept of the size of the collector base of a particular type of coin dictating demand. Well, I think this theory may be just a little rigid. I think keys and simi-keys also have a collector base independent of the type. You have to include that group in the total demand,
@Coinsponge said:
Some have mentioned the concept of the size of the collector base of a particular type of coin dictating demand. Well, I think this theory may be just a little rigid. I think keys and simi-keys also have a collector base independent of the type. You have to include that group in the total demand,
While I completely agree with you, I think there's even more that you have to EXCLUDE from the total demand when considering people who have multiples of them purely for speculation, hoarding, investment, etc. purposes and not because they genuinely want that many residing in their collection.
Good point but I think the investors and hoarders may still count a demand if their intention is to hold them long term. Now, flippers would have to be excluded for sure. With this coin, I suspect it mostly flew under the radar with a lot of speculators. I don't think the "great eye" of the flipping lord casts its gaze toward the $5 commems very regularly.
Gold and silver are valuable but wisdom is priceless.
I used to collect the NGC PF 70 gold modern commemoratives. I have about 11 total with about 4 in raw including the generals gold ms and this parks gold ms. I do believe there is a one-off collector base for the keys in any series including the spouse gold. I am such a collector. Probably not a lot of collectors though.
There is an indication that maybe there are about 3-4K modern gold commemorative collectors of the ms gold, probably slightly more for the proof gold.
Though cant' explain why the 3 coin sets always sell out at 15K. Maybe just one-off collectors of a particular coin or there are a lot more modern silver commemorative collectors who like to collect these coins in the sets. But this would indicate a larger collector base for the modern gold proof commemoratives also way over 5k. Who knows.
Most of these sets sell in the aftermarket barely above mint issue.
Flippers and "investors" not known for patience. I don't see them as long-term holders. I still feel the collector base is the core, however many anecdotes of other savers there may be.
Love that Milled British (1830-1960) Well, just Love coins, period.
On the 3 coin set, the demand level is interesting to consider. I guess there is a subgroup that loves to get a package deal. I wished I had some funds for the Mark Twain gold coin. I liked its design. Maybe in the aftermarket.
Gold and silver are valuable but wisdom is priceless.
Comments
I will definitely send it my 2 FS eligible clad halves, hoping for 70s
I sent 1 back and PO said it was delivered last Friday. Called today to confirm the receipt and they said is was not shown returned. Now I'm a bit nervous. Surely they wouldn't be playing some game.
Per my personal experience, it usually takes at least 3 to 5 working days for them to log in a returned item. I would not be to concerned at this stage.
That's comforting. Might also explain why they only reduced by 3. Maybe most returns are not logged in yet.
Absolutely. Will take a couple more weeks for an accounting of returns.
Having it received is not the same thing as having it logged into the system. Don't worry.
In honor of the memory of Cpl. Michael E. Thompson
Jackie Robinson gold unc is still king for now.
USPS shows my return delivered yesterday. Not showing at the Mint either.
Sales were not all that low, it's just that most buyers opted for the better looking proofs.
My Adolph A. Weinman signature
I can see it now:
Final mintage 5175: "NPS gold in 2nd place, price collapses, now bringing less than melt!"
-- or --
Final mintage 5173: "NPS gold is new king, price quadruples overnight!"
My Adolph A. Weinman signature
As of 1/9/17
As of 1/11/17
My four returns just arrived back to them today. I figure at least 2 weeks to show it the final figures. Probably at least two weeks for a refund. No worries, they get to all returns slowly but surely.
You guys a wringing your hands over who will be king.
Has it occurred to you that you may just end up with two jokers?
Price is a product of demand in relation to supply.
Up until 2 months ago there was demand for only about 3K..........now supply is 5K.
Yes, but if it ends up beating Jackie and being key once reported in coin mags and word gets out demand and prices could well go up.
And the population from the other guys ...
Mr Smith are these "Early Release" Or Normal?
Agreed. This whole thread vaguely reminds me a micro-scale version of the Hunt Brothers' attempts to corner the silver market, only in reverse. Here people are urged to give up their NPS $5 unc. "dogs" ( what does that mean - those under MS-68? 67?) and return them back to the Mint in order to lower the final sales below the Jackie and catapult this coin into a perceived rarity.
All I can say is lotsa luck! 2manycoins2fewfunds is right: price is a product of demand in relation to supply.
NGC does not appear to differentiate between label designations for this coin. It seems that all are grouped into 1 "Base" category. Or no one submitted in time for an early release designation for this coin. Don't know, sorry.
Wow, can't edit. Gotta remember that.
It appears the MS coin has no Early Releases. Only the PF coin has Early Release and Base (not ER).
Deflation setting in, just saw this ms70 on the bay ebay.com/itm/2016-W-5-Gold-PCGS-MS70-100th-Anniversary-National-Parks-IN-HAND-UNC-16CB-/162355104869?hash=item25cd1e4c65:g:VIUAAOSwo4pYduGa
Wow.
Unbelievable, take a look at this, thinking same coin with a price reduction in approximately a half hour to 599.77.....http://www.ebay.com/itm/2016-W-5-Gold-PCGS-MS70-100th-Anniversary-National-Parks-IN-HAND-UNC-16CB-/162355104869?hash=item25cd1e4c65:g:VIUAAOSwo4pYduGa
Take that $599 and........
-3% Paypal
-8-10% Ebay
-S/H to and from PCGS
Around $500 net..............
P.S ...........around 20% of submissions grade MS69
Agreed, & seller selling 8.
I recall that the 5 Star General unc did better as semi key w no chance of key status.
Jokers, I like that. I agree with the sentiment that there were at best 3.2 "real" sales with 2k gone to late sale flippers. That last bit demos the Dispersion principle. Jackie had much, much better dispersion but was still hurt by them opening a second sales period for it. How many real collectors for this $5 dollar unc. series? Very few, I would imagine and likely the real reason for the drop in Jackie prices.... I've picked up one here and there including all but the olympic uncs that were scarce. Who really cares about the Smithsonian, or the slightly larger LOC, or Wright brother uncs?
Crickets? If not worth a flip attempt, how would there be any sales. I still find the proof plat one ounce coins of recent years a mystery. Where is the collector base for that one?
Well, just Love coins, period.
I recognize that ebay name, it is a poster here. I don't blame anyone for locking in profits on this coin and recovering expenses. We don't know if this coin will come in under JR and the real final audited numbers won't be out for months. Right now JR is still ahead.
All 8 sold within a 2 hr time frame. That would indicate, the BIN was set to low. BTW eBay fees, with a store subscription and having obtained "top rated seller status," is 6%. In addition, you will receive a 20% refund of your FVF, which will bring down your cost to approx. 4.8% & not the 8-10% that 2manycoins2fewfunds posted.
TRS status discs real pain to get in terms of # of transactions. PowerSeller made far more sense an was a mix of number of transactions and amount of transactions.
The LOC unc has held up OK. Not a $5 of course. Fantastic coin I think. Love the proof and unc.
It's an amazing place to visit btw. Don't miss it if u visit the DC area.
as of 1/12/17
The LOC unc has held up OK. Not a $5 of course. Fantastic coin I think. Love the proof and unc.
I don't think you can take much out of flip action. Some with a good supply might think it is better to take a little profit and move on than to hold for appreciation or to be undercut by another coin issue. I am sure there were in the past many valuable moderns that were flipped initially pretty cheap.
I remember back in 2008 getting a good order of the Silver eagles with the reverse of 2007. I wanted to recoupe my costs first so I sold some at a price much cheaper than they go today.
So the seller "only" made +/- $1000 - in a day ( and would also make a modest profit on any 69s when you're usually lucky to break even)
Meant to add...
There is also the shipping cost which I've not found to be free when shipping coins to buyers - but ebay seems to think that it's free. Go figure.
I bought a $5 Unc from the Mint on the first day. I did open the Mint box to inspect the coin and it look perfect under 5x magnification. Little did I know that I might have a beautiful semi key coin in my hand
Does anyone have the final mintage of the proof version of $5 gold National Park ?
Not final, but as of Jan 8th
Don't forget to add the 3 coin set.
Which makes it about 19.5k current sales figures.
You may well have a beautiful key on your hands. Returns could drive it down below Jackie.
Some have mentioned the concept of the size of the collector base of a particular type of coin dictating demand. Well, I think this theory may be just a little rigid. I think keys and simi-keys also have a collector base independent of the type. You have to include that group in the total demand,
Totally agree. Very well stated.
Thanks Raufus for the Jan 8th data.
Good point but I think the investors and hoarders may still count a demand if their intention is to hold them long term. Now, flippers would have to be excluded for sure. With this coin, I suspect it mostly flew under the radar with a lot of speculators. I don't think the "great eye" of the flipping lord casts its gaze toward the $5 commems very regularly.
I used to collect the NGC PF 70 gold modern commemoratives. I have about 11 total with about 4 in raw including the generals gold ms and this parks gold ms. I do believe there is a one-off collector base for the keys in any series including the spouse gold. I am such a collector. Probably not a lot of collectors though.
There is an indication that maybe there are about 3-4K modern gold commemorative collectors of the ms gold, probably slightly more for the proof gold.
Though cant' explain why the 3 coin sets always sell out at 15K. Maybe just one-off collectors of a particular coin or there are a lot more modern silver commemorative collectors who like to collect these coins in the sets. But this would indicate a larger collector base for the modern gold proof commemoratives also way over 5k. Who knows.
Most of these sets sell in the aftermarket barely above mint issue.
Box of 20
Flippers and "investors" not known for patience. I don't see them as long-term holders. I still feel the collector base is the core, however many anecdotes of other savers there may be.
Well, just Love coins, period.
On the 3 coin set, the demand level is interesting to consider. I guess there is a subgroup that loves to get a package deal. I wished I had some funds for the Mark Twain gold coin. I liked its design. Maybe in the aftermarket.
Mr. Smith, You can edit. It's the gear icon in the upper right hand corner of your post.
I bet if a coin returned under the reason "changed my mind" could be recycled for replacements..