Just waiting for more product to arrive....they OBVIOUSLY didn't consider the S ASE as a big deal. Last years' set has sold under 3000 so they expected the same....
(I'm backordered also)
@renman95 said:
USM049852XX @ 12:01, cc charged 4.95 but on backorder(?) Now I'm wondering if I'll get my five...
My second order (same order number as yours) was backordered and only pinged for $4.95 yesterday. It flipped to "processing" with the full amount charged to my CC this morning.
@BigA said:
Just waiting for more product to arrive....they OBVIOUSLY didn't consider the S ASE as a big deal. Last years' set has sold under 3000 so they expected the same....
(I'm backordered also)
The mint has this real problem of only being able to project from the previous set's sales. It happened with the 2011 20th anniversary ASE set, the Truman and Ike C&C Prezibuck sets, the 2016 Platinum Proof, etc.
Maybe it's a standard government formula.
But as mentioned before, I wouldn't doubt the reason late orders got backordered, is because they're being held so the American Liberty coins go out ASAP. Can't have some throwaway set interfering with the mint's premier offering this year. (Yes, I am a cynic. Punching out 75K proof eagles is a drop in the bucket compared to what they actually produce.)
When an Ebay seller says "one of 1,000" something smells rotten. The mint couldn't have set a HH limit somewhere south of that? What collector is gonna buy 1,000 @ $54.95 each? Really? And this might not be all this seller bought in the first 2 minutes after the bell.
Let me make a suggestion that will be rejected by the Mint powers that be quicker than this sell out....Make any product release have and automatic HH limit UNDER 100 ! ** Sheesh. To some it could look like the big buyers had the fix in. 70K sold in 2 minutes is **EXCESSIVE GREED !
They could always make the automatic HH limit unlimited after a week or 4 days or something.
I agree, there should be a set limit on 'limited' editions such as this. I wanted only one for my coin collection. I was lucky this morning to have the chance to purchase one. I see they are all over e-bay already...
~HABE FIDUCIAM IN DOMINO III V VI / III XVI~ POST NUBILA PHOEBUS / AFTER CLOUDS, SUN Love for Music / Collector of Dreck
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
@JBK said:
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
It's apparent, that in this case they knew it was going to be "a hot item," judging by the mintage compared to previous years.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Someone needs to get to the bottom of this one. Might be some collusion going on fairly high up with some powerful dealers. This stinks to high heaven! No HH limit makes NO SENSE!!!!!Reminds me of The C and C 2014 set
@JBK said:
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
The Mint knows exactly what it's doing. To assume otherwise is foolish
@JBK said:
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
The Mint knows exactly what it's doing. To assume otherwise is foolish
I guess you are a bit more cynical than I am. There have been too many screw-ups in rolling out new products where no one was happy with the result for me to believe that this is all part of some big conspiracy. In recent years the Mint has routinely both underproduced and overproduced coins. What is the purpose? Who at the Mint profits? (I realize that dealers/flippers profit, but how is that linked to the Mint?)
I subscribe to the adage: "Never ascribe to malice that which can be explained by incompetence."
Absent any proof of collusion and bribes, I just see incompetence.
@denali12 said:
Channel surfing last night and the coin vault had a "philly" 2017 ASE NGC "1 of 75,389" PR69DCAM .. for $399.99..not sure if same or different
They are selling 2015 MS69s ASE Bullion from the (S) mint. They don't have an s mint mark but the monster box is from the San Francisco Mint. They are selling them for $400. These might be the ones your are referring to.
@JBK said:
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
The Mint knows exactly what it's doing. To assume otherwise is foolish
I guess you are a bit more cynical than I am. There have been too many screw-ups in rolling out new products where no one was happy with the result for me to believe that this is all part of some big conspiracy. In recent years the Mint has routinely both underproduced and overproduced coins. What is the purpose? Who at the Mint profits? (I realize that dealers/flippers profit, but how is that linked to the Mint?)
I subscribe to the adage: "Never ascribe to malice that which can be explained by incompetence."
Absent any proof of collusion and bribes, I just see incompetence.
It's not a conspiracy and I'm not cynical in the least. Its brilliant marketing pure and simple. They're never going to please everyone no matter what they do. They do this stuff occasionally to keep interest up for the next one and keep the proverbial blood pumping while making a tidy profit in a short amount of time. They know exactly what they're doing and it works. To think they are simpletons that just throw darts at a product board and randomly come up with a mintage is foolish. That said, if you want to think they're aimless idiots when it comes to marketing go ahead but it is the furthest from the truth. Now when it comes to choosing new coin designs, in that department they need some big help. Hopefully KAJ can bring about decent change with that in his appointment to the CCAC
@pf70collector said:
Snagged 5 this morning at exactly 7 30 AM. One order of one and one order of 4. I was going after three more but at 7:34 it was no longer available.
Cool. Glad you were able to snag a few.
If the mint is piecemealing the sets like that, then they really must have moved all 75K. Are your orders backordered?
Yes , they are backordered. My debit card was pinged, but not charged for both orders.
I have managed to snag in the past when they unavailable at exactly 7:30 AM. I tried at 6:30 and 7 AM EST with no luck. So got on around 7:28 AM and kept refreshing and got lucky at exactly 7:30 AM.
049855XX my order is still showing backorder.....don't know if that means I'm out of luck or not....strange if orders after mine are being shipped and mine is still showing backorder
Honestly, to the collectors who missed out, do not freak out. The 2017 LES will be coming later this year. And those big time buyers will not purchase in bulk due to the margin. The only concern are those who collect 2017 silver quarters , half dollars etc as those may flood the market if everyone starts to break apart the LES.
@Paulyaces76 said:
Yep, I now have tracking. The one for sale up above is someone that got one from a mint store correct?
It would have to be as "shipping" began only this morning. I say "shipping" because that only means the shipping label was generated. But that is the first step. I expect they will start moving out tomorrow just ahead of and because of the 225th anniversary gold going on sale at noon EDT tomorrow. They don't want two massive shipments going on at the same time.
@TurboSnail said:
Honestly, to the collectors who missed out, do not freak out. The 2017 LES will be coming later this year. And those big time buyers will not purchase in bulk due to the margin. The only concern are those who collect 2017 silver quarters , half dollars etc as those may flood the market if everyone starts to break apart the LES.
75K, will this include the 2017 LES?
~HABE FIDUCIAM IN DOMINO III V VI / III XVI~ POST NUBILA PHOEBUS / AFTER CLOUDS, SUN Love for Music / Collector of Dreck
@TurboSnail said:
Honestly, to the collectors who missed out, do not freak out. The 2017 LES will be coming later this year. And those big time buyers will not purchase in bulk due to the margin. The only concern are those who collect 2017 silver quarters , half dollars etc as those may flood the market if everyone starts to break apart the LES.
75K, will this include the 2017 LES?
The 75k does not include the LE silver set - just the 2017 Congratulations set.
@TurboSnail said:
Honestly, to the collectors who missed out, do not freak out. The 2017 LES will be coming later this year. And those big time buyers will not purchase in bulk due to the margin. The only concern are those who collect 2017 silver quarters , half dollars etc as those may flood the market if everyone starts to break apart the LES.
75K, will this include the 2017 LES?
The 75k does not include the LE silver set - just the 2017 Congratulations set.
Thanks~
~HABE FIDUCIAM IN DOMINO III V VI / III XVI~ POST NUBILA PHOEBUS / AFTER CLOUDS, SUN Love for Music / Collector of Dreck
Received shipping email this afternoon for my 6 sets. Sold 5 on eBay at $119 and keeping the other for now.
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.
Frustratingly interesting. My measly little order of two with order number USM049853xx is still PENDING like it has since my order was placed. What happened to common courtesy of FIFO?
@SONOMOSCA said:
My USM049856XX order has shipped. Faster than I had anticipated.
@Batman23 said:
Frustratingly interesting. My measly little order of two with order number USM049853xx is still PENDING like it has since my order was placed. What happened to common courtesy of FIFO?
@SONOMOSCA said:
My USM049856XX order has shipped. Faster than I had anticipated.
It's mint policy, FIFO, but you couldn't prove from actual forum members experience.
Well, the Mint is up to it's usual tricks. My second order place a little after 12:01 shipped today but my first order placed seconds after 12:00 is on backorder. Hmmmmmmmmmm!!!
Now another interesting thing is my first order shows $4.95 where it had showed the total amount of the order earlier yet my CC shows pings for both orders in the full amount. Hmmmmmmmmm!!!
@Batman23 said:
Frustratingly interesting. My measly little order of two with order number USM049853xx is still PENDING like it has since my order was placed. What happened to common courtesy of FIFO?
@SONOMOSCA said:
My USM049856XX order has shipped. Faster than I had anticipated.
I think that really stinks! I know there is no way of knowing how fast orders will ship,
but what I do now is after placing the items in my cart I wait a minute to place the order.
As crazy as it sounds I believe it has helped.
Some people have been claiming their order was changed to backordered, and they
had a lower order number. My order stayed in processing and never changed. Go figure.
@Batman23 said:
Frustratingly interesting. My measly little order of two with order number USM049853xx is still PENDING like it has since my order was placed. What happened to common courtesy of FIFO?
@SONOMOSCA said:
My USM049856XX order has shipped. Faster than I had anticipated.
I think that really stinks! I know there is no way of knowing how fast orders will ship,
but what I do now is after placing the items in my cart I wait a minute to place the order.
As crazy as it sounds I believe it has helped.
Some people have been claiming their order was changed to backordered, and they
had a lower order number. My order stayed in processing and never changed. Go figure.
"DANGER WILL ROBINSON"
Putting an item in your cart does not reserve it. You could get a nasty surprise of thinking you have it then discover it went unavailable while you were waiting that minute. Especially on a 2 minute sellout.
Now another interesting thing is my first order shows $4.95 where it had showed the total amount of the order earlier yet my CC shows pings for both orders in the full amount. Hmmmmmmmmm!!!
That's what I spoke to the Mint about and they said I would be credited back all except for the $4.95....strange...
@Kudbegud - I agree I got lucky on this one. Let's just saying I under estimated this one.
At first I placed 10 in my cart and changed it to 4. Haven't been to pleased with the Mint lately.
Everyone needs to keep in mind that an order more than $300 gets upgraded to expedited shipping. That's 5.5 sets, which is why I had two orders of 5, so I wouldn't miss the UPS guy by 10 seconds.
The downside is they're coming smartpost, rather than signiture required ground.
I would like to thank Backroadjunkie for posting this thread and informing me the potential in this proof s mint silver eagle. This is one of the main reason I read this forums. to learn and keep up with this fantastic hobby. I always find interesting and useful information here. I look forward each day to reading the forums. I appreciate all the posters sharing their individual insights
Gary
@alohagary said:
I would like to thank Backroadjunkie for posting this thread and informing me the potential in this proof s mint silver eagle. This is one of the main reason I read this forums. to learn and keep up with this fantastic hobby. I always find interesting and useful information here. I look forward each day to reading the forums. I appreciate all the posters sharing their individual insights
Gary
Both my orders are on a truck being whisked away from Southaven. (Both have the same departure time, so I assume it's the same truck.) FedEx says Monday. That would be a new record for smartpost. A week from order day to delivery. Not bad for the Mint.
The expedited orders might actually start being delivered by Friday...
Comments
USM049852XX @ 12:01, cc charged 4.95 but on backorder(?) Now I'm wondering if I'll get my five...
Just waiting for more product to arrive....they OBVIOUSLY didn't consider the S ASE as a big deal. Last years' set has sold under 3000 so they expected the same....
(I'm backordered also)
I need one of these for my set. I can pay 90.00 + 5.00 shipping. That's about what you would get from eBay after all fees are paid.
wondercoin, duffman,PiecesOfMe, Smittys, LogPotato, Bumanchu, Tydye, segoja, Harry779, FullCameo, Twosidestoeverycoin, jmdm1194, rkfish, drewsef, Chrischampeo, Kaelasdad, Ahrensdad, Dabigkahuna, Barbwire, sebrown, mkman123, Gerard
My second order (same order number as yours) was backordered and only pinged for $4.95 yesterday. It flipped to "processing" with the full amount charged to my CC this morning.
The mint has this real problem of only being able to project from the previous set's sales. It happened with the 2011 20th anniversary ASE set, the Truman and Ike C&C Prezibuck sets, the 2016 Platinum Proof, etc.
Maybe it's a standard government formula.
But as mentioned before, I wouldn't doubt the reason late orders got backordered, is because they're being held so the American Liberty coins go out ASAP. Can't have some throwaway set interfering with the mint's premier offering this year. (Yes, I am a cynic. Punching out 75K proof eagles is a drop in the bucket compared to what they actually produce.)
I got 5 this AM. 1/2 hour later on backorder.
Hoping Mint does what they sometimes do on hot items- ship Last In, First Out.
When an Ebay seller says "one of 1,000" something smells rotten. The mint couldn't have set a HH limit somewhere south of that? What collector is gonna buy 1,000 @ $54.95 each? Really? And this might not be all this seller bought in the first 2 minutes after the bell.
Let me make a suggestion that will be rejected by the Mint powers that be quicker than this sell out....Make any product release have and automatic HH limit UNDER 100 ! ** Sheesh. To some it could look like the big buyers had the fix in. 70K sold in 2 minutes is **EXCESSIVE GREED !
They could always make the automatic HH limit unlimited after a week or 4 days or something.
I agree, there should be a set limit on 'limited' editions such as this. I wanted only one for my coin collection. I was lucky this morning to have the chance to purchase one. I see they are all over e-bay already...
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
The issue is not that the Mint mishandled the marketing of a hot item – the issue is that the Mint does not know what a hot item is when they create one.
The Congratulations set has historically just been one more packaging option for a coin that is available elsewhere. I assume that they never sell out year to year. It did not occur to anyone at the Mint that putting a special coin into the set this year would change the demand for the set.
They made the same mistake with the Presidential Coin & Chronicles sets when they based the production for the Truman set - which had a coin unique to the set - on the demand for previous sets which had no special coin in them. I am sure there are other examples of a similar miscalculations or shortsightedness. They are bureaucrats, not collectors, and they do not understand their market.
It's apparent, that in this case they knew it was going to be "a hot item," judging by the mintage compared to previous years.
Someone needs to get to the bottom of this one. Might be some collusion going on fairly high up with some powerful dealers. This stinks to high heaven! No HH limit makes NO SENSE!!!!!Reminds me of The C and C 2014 set
This one smells...
http://www.ebay.com/itm/2017-United-States-Mint-Congratulations-Set-Instock-now-Can-ship-4-4-2017-/262923567573?hash=item3d377741d5:g:q7kAAOSw3utY49rx
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Be careful....only 2 feedbacks. What are those bells I hear?
The Mint knows exactly what it's doing. To assume otherwise is foolish
Shipped Email !!
I guess you are a bit more cynical than I am. There have been too many screw-ups in rolling out new products where no one was happy with the result for me to believe that this is all part of some big conspiracy. In recent years the Mint has routinely both underproduced and overproduced coins. What is the purpose? Who at the Mint profits? (I realize that dealers/flippers profit, but how is that linked to the Mint?)
I subscribe to the adage: "Never ascribe to malice that which can be explained by incompetence."
Absent any proof of collusion and bribes, I just see incompetence.
Yep, I now have tracking. The one for sale up above is someone that got one from a mint store correct?
They are selling 2015 MS69s ASE Bullion from the (S) mint. They don't have an s mint mark but the monster box is from the San Francisco Mint. They are selling them for $400. These might be the ones your are referring to.
Box of 20
It's not a conspiracy and I'm not cynical in the least. Its brilliant marketing pure and simple. They're never going to please everyone no matter what they do. They do this stuff occasionally to keep interest up for the next one and keep the proverbial blood pumping while making a tidy profit in a short amount of time. They know exactly what they're doing and it works. To think they are simpletons that just throw darts at a product board and randomly come up with a mintage is foolish. That said, if you want to think they're aimless idiots when it comes to marketing go ahead but it is the furthest from the truth. Now when it comes to choosing new coin designs, in that department they need some big help. Hopefully KAJ can bring about decent change with that in his appointment to the CCAC
Yes , they are backordered. My debit card was pinged, but not charged for both orders.
I have managed to snag in the past when they unavailable at exactly 7:30 AM. I tried at 6:30 and 7 AM EST with no luck. So got on around 7:28 AM and kept refreshing and got lucky at exactly 7:30 AM.
Box of 20
My USM049856XX order has shipped. Faster than I had anticipated.
... So got on around 7:28 AM and kept refreshing and got lucky at exactly 7:30 AM.
Me too, 6:33 Central time.
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Both my orders shipped.
But smartpost....
049855XX my order is still showing backorder.....don't know if that means I'm out of luck or not....strange if orders after mine are being shipped and mine is still showing backorder
Don't quote me on that.
Honestly, to the collectors who missed out, do not freak out. The 2017 LES will be coming later this year. And those big time buyers will not purchase in bulk due to the margin. The only concern are those who collect 2017 silver quarters , half dollars etc as those may flood the market if everyone starts to break apart the LES.
It would have to be as "shipping" began only this morning. I say "shipping" because that only means the shipping label was generated. But that is the first step. I expect they will start moving out tomorrow just ahead of and because of the 225th anniversary gold going on sale at noon EDT tomorrow. They don't want two massive shipments going on at the same time.
Got the shipping notice for my measly 4
75K, will this include the 2017 LES?
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
The 75k does not include the LE silver set - just the 2017 Congratulations set.
Thanks~
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Good posting just up on Mint News Blog
mintnewsblog.com/well-that-was-fast-2017-congratulations-set-sells-out-in-less-than-two-minutes/
Received shipping email this afternoon for my 6 sets. Sold 5 on eBay at $119 and keeping the other for now.
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.
I was only going to order one, but I didn't think about it.
I knew it would happen.
Any guesses on how big the largest order was?
My Adolph A. Weinman signature
5,000
Don't quote me on that.
Frustratingly interesting. My measly little order of two with order number USM049853xx is still PENDING like it has since my order was placed. What happened to common courtesy of FIFO?
It's mint policy, FIFO, but you couldn't prove from actual forum members experience.
Well, the Mint is up to it's usual tricks. My second order place a little after 12:01 shipped today but my first order placed seconds after 12:00 is on backorder. Hmmmmmmmmmm!!!
Now another interesting thing is my first order shows $4.95 where it had showed the total amount of the order earlier yet my CC shows pings for both orders in the full amount. Hmmmmmmmmm!!!
I think that really stinks! I know there is no way of knowing how fast orders will ship,
but what I do now is after placing the items in my cart I wait a minute to place the order.
As crazy as it sounds I believe it has helped.
Some people have been claiming their order was changed to backordered, and they
had a lower order number. My order stayed in processing and never changed. Go figure.
"DANGER WILL ROBINSON"
Putting an item in your cart does not reserve it. You could get a nasty surprise of thinking you have it then discover it went unavailable while you were waiting that minute. Especially on a 2 minute sellout.
Has anyone who completed an order that then went from processing to backorder payed extra for expedited shipping? That would suck
It does not look like there were that many orders. Maybe 3K, so these should be shipping out very quickly is my guess.
Box of 20
That's what I spoke to the Mint about and they said I would be credited back all except for the $4.95....strange...
Don't quote me on that.
@Kudbegud - I agree I got lucky on this one. Let's just saying I under estimated this one.
At first I placed 10 in my cart and changed it to 4. Haven't been to pleased with the Mint lately.
Everyone needs to keep in mind that an order more than $300 gets upgraded to expedited shipping. That's 5.5 sets, which is why I had two orders of 5, so I wouldn't miss the UPS guy by 10 seconds.
The downside is they're coming smartpost, rather than signiture required ground.
What The Franklin!
I would like to thank Backroadjunkie for posting this thread and informing me the potential in this proof s mint silver eagle. This is one of the main reason I read this forums. to learn and keep up with this fantastic hobby. I always find interesting and useful information here. I look forward each day to reading the forums. I appreciate all the posters sharing their individual insights
Gary
Xxxx854xx
Xxxx850xx
Both still processing...
My 49852xx is right between those numbers and is backordered (??)
Ditto!!!
Both my orders are on a truck being whisked away from Southaven. (Both have the same departure time, so I assume it's the same truck.) FedEx says Monday. That would be a new record for smartpost. A week from order day to delivery. Not bad for the Mint.
The expedited orders might actually start being delivered by Friday...