@coinpalice said:
shipping cost of this set also depends on distance the package has to travel. example, if you ship this set to New York and you live in California, the first class rate will be at least 4 dollars
@coinpalice said:
shipping cost of this set also depends on distance the package has to travel. example, if you ship this set to New York and you live in California, the first class rate will be at least 4 dollars
I included PayPal fees in my calculation. The eBay fee is only 5.6% if you are topseller with a store.
The 1st class USPS rate is NOT distant dependent. Priority mail IS distant dependent but not necessary unless over 1 pound.. A single set is about 7 ounces in a bubble envelope. The commercial shipping rate for 4-8 ounce package is $2.77. Cost for 2 sets is $3.88. For 3 or 4 sets, you can go in a flat rate envelope for $5.75, regardless of distance. It's only on 5 or more that there is a distance issue, but you can still use flat rate boxes which would allow you to put 10 or 12 sets in a medium flat rate for $10.75 anywhere in the country.
My calculation is accurate. I do this all the time and ship 2500 packages per year, 98% of them from eBay sales paid via PayPal.
@MsMorrisine said:
what about for those that do not have a store and get no bulk discount from the mint ?
they lose money at that price....
Yes, they do. As I mentioned in my longer post.
But, first of all, anyone who sells more than $500 worth of stuff per month either has a store or is brain dead. Without a store, you pay 10% closing fees. With a $20 per month store, you pay 6%. [4% of $500 is $20.]
But let's play worst case scenario. Someone bought 10 sets at $29.95 + $4.95 shipping. They are effectively into the sets at $30.50 each. They sell one at $35 with free shipping. Total eBay/PP fees on a single set is going to now be $4.55 + $3 shipping = $7.55. So, they are netting 27.45 on their 30.50 set, a loss of $3.
BUT, who are THEY? If they are people who don't want to wait around for these to go up (or down), they are just recovering as much of their gamble as they can. No big deal. We all make a bad call here or there. I sold a $6000 large cent last year that I paid $7500 for - biggest mistake ever. But I have my $6000 back and I've bought other stuff since.
To play BestDay for the day: these sets are going nowhere but down.
Okay, if you believe that, what are you going to do with your 20 sets or 100 sets or 1000 sets? You move them out as close to break-even as you can get.
@MsMorrisine said:
what about for those that do not have a store and get no bulk discount from the mint ?
To continue my screed. I doubt many of those people fall into this category. There may be someone who bought 2-5 sets to speculate and is tired of them. But anyone selling dozens or hundreds of sets is either in the business or wanted to be in the business but may have learned a valuable lesson. Either way, I understand their actions and have no sympathy.
Long term I think these sets are winners whether the final mintage is 195,000 or 225,000. We're talking only a 15% difference here.
I can recall people complaining about the 1995-W Silver Eagle during the year of issue, while it was still available from the Mint. Single "bonus" silver coins removed from the Gold Eagle proof set were fetching about $250 each on the secondary market, and many collectors were complaining that the price was too high for a 45,000-mintage "gimmick" coin. After being available from the Mint for months, the set failed to sell out. Final mintage turned out to be just over 30K, and the $250 price turned out to be a bargain for those who bought and held.
Just regarding the 2017-S Lincoln cent alone, we're talking less than half the mintage of the 1909-S VDB. And likely many more people collect modern Lincolns than wheat Lincolns. I can't imagine that the 2017-S will still be available at a single-digit price a few years from now.
@Overdate said:
Long term I think these sets are winners whether the final mintage is 195,000 or 225,000. We're talking only a 15% difference here.
I can recall people complaining about the 1995-W Silver Eagle during the year of issue, while it was still available from the Mint. Single "bonus" silver coins removed from the Gold Eagle proof set were fetching about $250 each on the secondary market, and many collectors were complaining that the price was too high for a 45,000-mintage "gimmick" coin. After being available from the Mint for months, the set failed to sell out. Final mintage turned out to be just over 30K, and the $250 price turned out to be a bargain for those who bought and held.
Just regarding the 2017-S Lincoln cent alone, we're talking less than half the mintage of the 1909-S VDB. And likely many more people collect modern Lincolns than wheat Lincolns. I can't imagine that the 2017-S will still be available at a single-digit price a few years from now.
That is my hope.
I'm sitting on 152 sets. I don't feel the need to add to those. But I will pick up any reasonably priced cents or halves. It's just hard for me to fathom how the cent isn't a $10-20 coin long term.
@bestday said:
Long term meaning great grand children will see price rise
Do you think the price will be $30 or less two years from now?
I think BestDay has been consistent on this. He thinks it's going down. Of course, he just bought 3 sets himself...
LOL...2 for Christmas gifts...,but... look at the past for a guide into future.......
2006 Gold Anniv sets got premiums ,even before sets came out.. still at premiums to Mint price ,,gold spot
2006 Silver Anniv set came out at premium to Mint price , still way above Mint price... 2x Mint price
2011 Silver Anniv set came out with price premiums to Mint price and still there...2x-3x
The 2015,16 circa President's Coin &Chronicle sets came out with huge premiums to Mint price .. some still at premiums to Mint price.. Low mintage sets.. 2x
One forum member here ,even was selling 1,000 C&C sets on BST, on what was originally a 2 set per household limit.
The 2017 225th enhanced sets ??.. large specs.... 100+/more sets.. are an overhand lid on prices.
One at least holding 2000+ sets..
Future ?? Mint sell out 1st .. set will lose interest as time inches forward,,,,,,Mint comes out with new products
Hard to judge the trajectory of anything based on current demand. A lot of new stuff is down - passed up 2 1999 silver sets a couple days ago at $45 each and those have been $100 sets for years.
Also, Truman C&C will still sell 4x issue price easy. Eisenhower slowly inching up from around 2x issue also. I'd say these are holding value fairly well for a series that a lot of people despise.
@bestday said:
Long term meaning great grand children will see price rise
Do you think the price will be $30 or less two years from now?
I think BestDay has been consistent on this. He thinks it's going down. Of course, he just bought 3 sets himself...
LOL...2 for Christmas gifts...,but... look at the past for a guide into future.......
2006 Gold Anniv sets got premiums ,even before sets came out.. still at premiums to Mint price ,,gold spot
2006 Silver Anniv set came out at premium to Mint price , still way above Mint price... 2x Mint price
2011 Silver Anniv set came out with price premiums to Mint price and still there...2x-3x
The 2015,16 circa President's Coin &Chronicle sets came out with huge premiums to Mint price .. some still at premiums to Mint price.. Low mintage sets.. 2x
One forum member here ,even was selling 1,000 C&C sets on BST, on what was originally a 2 set per household limit.
The 2017 225th enhanced sets ??.. large specs.... 100+/more sets.. are an overhand lid on prices.
One at least holding 2000+ sets..
Future ?? Mint sell out 1st .. set will lose interest as time inches forward,,,,,,Mint comes out with new products
You keep ignoring that there are COINS in the sets. The price of the Lincoln and Kennedy alone will justify the current set price. IT'S THE LOWEST LINCOLN MINTAGE. If there are only 226,000 Lincoln cent collectors in the U.S., there aren't enough coins to go around. If there are just 100,000 Lincoln cent collectors in the world, there won't be enough singles to go around because of sets in collections.
Did the sets you mention have HH limits as opposed to the EU set?
@coinpalice said:
shipping cost of this set also depends on distance the package has to travel. example, if you ship this set to New York and you live in California, the first class rate will be at least 4 dollars
So, this is a fact? What is the rate to Nevada from CA? to Illinois from CA?
Give me a link please.
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
@coinpalice said:
shipping cost of this set also depends on distance the package has to travel. example, if you ship this set to New York and you live in California, the first class rate will be at least 4 dollars
So, this is a fact? What is the rate to Nevada from CA? to Illinois from CA?
Give me a link please.
bob
It's not true. First class mail has no distance component.
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
@coinpalice said:
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
NOT FOR 1ST CLASS. Only true of Priority and Express.
@coinpalice said:
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
This is absolutely incorrect information. Priority and First Class do not change with distance. You must be thinking of UPS or FedEx.
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
@coinpalice said:
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
This is absolutely incorrect information. Priority and First Class do not change with distance. You must be thinking of UPS or FedEx.
bob
Priority mail rates do change based on distance unless you use flat rate priority mail.
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.
@coinpalice said:
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
This is absolutely incorrect information. Priority and First Class do not change with distance. You must be thinking of UPS or FedEx.
bob
Priority mail rates do change based on distance unless you use flat rate priority mail.
There is a non flat rate Priority? Did not know that, my apologies to those I misled.
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
@Ka1956 said:
I seem to have more "milk spot" problems with PCGS. Put away 10 of the 2006 2 coin set of the Proof PCGS69's and they all developed the spots. NGC coins that were put away(a safe) did not develop the spots. PCGS used to pay you money back if they develop these spots; now charge to try to remove them.
Is the PCGS milk spot problem appearing on non-silver coins? I thought it was a PCGS/silver problem.
the 2006 coins were from the 2 coin silver set(one proof and one reverse proof)
Was also stating that PCGS is sometimes over rated because their coins seem to get these spots more than NGC. Seems the spots are almost on the same place on each coin-maybe a problem how they seal the coins; or something wrong in PCGS's process. Bought 10 of the proofs-put them away; and they all developed the ugly spots. Made them just spot price material.
At this point I'm wondering if everything "unavailable " or "sold-out" will ever dissapear? It's like the Mint has adopted ( or invented? ) a new Marketing tactic.
one subject that hasn't been brought up is how this set would hold up in a recession. it is possible that this set could be still for sale in the next recession, some experts believe the stock market will drop to 14,000 within the next 6 months which would bring on the next recession. I do know it was extremely hard to sell anything in the 2009- 2010 period
I think a 40% drop in the stock market, and the factors that would MAKE it drop 40%, and the ensuing issues, the ability to resell a $35 set and not go belly up would not even make anyone's radar.
Comments
Got my 3 sets yesterday .. perfect quality .. not rejects .. nice coins
then there are PP fees
I included PayPal fees in my calculation. The eBay fee is only 5.6% if you are topseller with a store.
The 1st class USPS rate is NOT distant dependent. Priority mail IS distant dependent but not necessary unless over 1 pound.. A single set is about 7 ounces in a bubble envelope. The commercial shipping rate for 4-8 ounce package is $2.77. Cost for 2 sets is $3.88. For 3 or 4 sets, you can go in a flat rate envelope for $5.75, regardless of distance. It's only on 5 or more that there is a distance issue, but you can still use flat rate boxes which would allow you to put 10 or 12 sets in a medium flat rate for $10.75 anywhere in the country.
My calculation is accurate. I do this all the time and ship 2500 packages per year, 98% of them from eBay sales paid via PayPal.
what about for those that do not have a store and get no bulk discount from the mint ?
they lose money at that price....
Don't quote me on that.
Yes, they do. As I mentioned in my longer post.
But, first of all, anyone who sells more than $500 worth of stuff per month either has a store or is brain dead. Without a store, you pay 10% closing fees. With a $20 per month store, you pay 6%. [4% of $500 is $20.]
But let's play worst case scenario. Someone bought 10 sets at $29.95 + $4.95 shipping. They are effectively into the sets at $30.50 each. They sell one at $35 with free shipping. Total eBay/PP fees on a single set is going to now be $4.55 + $3 shipping = $7.55. So, they are netting 27.45 on their 30.50 set, a loss of $3.
BUT, who are THEY? If they are people who don't want to wait around for these to go up (or down), they are just recovering as much of their gamble as they can. No big deal. We all make a bad call here or there. I sold a $6000 large cent last year that I paid $7500 for - biggest mistake ever. But I have my $6000 back and I've bought other stuff since.
To play BestDay for the day: these sets are going nowhere but down.
Okay, if you believe that, what are you going to do with your 20 sets or 100 sets or 1000 sets? You move them out as close to break-even as you can get.
To continue my screed. I doubt many of those people fall into this category. There may be someone who bought 2-5 sets to speculate and is tired of them. But anyone selling dozens or hundreds of sets is either in the business or wanted to be in the business but may have learned a valuable lesson. Either way, I understand their actions and have no sympathy.
Posts thinning out .. Mint sticks it twice with supposed sell outs
there were actually 3 sell outs
Waiting for the "available set" numbers and THEN the whining will start
We may not even get a number if it's over 10,000....
Don't quote me on that.
these might be available on the web sight for Christmas
Look what I just bought....
http://www.ebay.com/itm/2017-S-Enhanced-Lincoln-Penny-Roll-Enhanced-Finish-45-Pieces/311951323675?ssPageName=STRK:MEBIDX:IT&_trksid=p2055359.m1431.l2649&autorefresh=true
Long term I think these sets are winners whether the final mintage is 195,000 or 225,000. We're talking only a 15% difference here.
I can recall people complaining about the 1995-W Silver Eagle during the year of issue, while it was still available from the Mint. Single "bonus" silver coins removed from the Gold Eagle proof set were fetching about $250 each on the secondary market, and many collectors were complaining that the price was too high for a 45,000-mintage "gimmick" coin. After being available from the Mint for months, the set failed to sell out. Final mintage turned out to be just over 30K, and the $250 price turned out to be a bargain for those who bought and held.
Just regarding the 2017-S Lincoln cent alone, we're talking less than half the mintage of the 1909-S VDB. And likely many more people collect modern Lincolns than wheat Lincolns. I can't imagine that the 2017-S will still be available at a single-digit price a few years from now.
My Adolph A. Weinman signature
Long term meaning great grand children will see price rise
That is my hope.
I'm sitting on 152 sets. I don't feel the need to add to those. But I will pick up any reasonably priced cents or halves. It's just hard for me to fathom how the cent isn't a $10-20 coin long term.
This set became unavailable 4 times. (See post 2.)
This. People were excited really interested in this set before they even went on sale.
At least we won't have to hear people whine about not being able to get one...
Oh, there's always something to whine about.
Do you think the price will be $30 or less two years from now?
My Adolph A. Weinman signature
I think BestDay has been consistent on this. He thinks it's going down. Of course, he just bought 3 sets himself...
LOL...2 for Christmas gifts...,but... look at the past for a guide into future.......
2006 Gold Anniv sets got premiums ,even before sets came out.. still at premiums to Mint price ,,gold spot
2006 Silver Anniv set came out at premium to Mint price , still way above Mint price... 2x Mint price
2011 Silver Anniv set came out with price premiums to Mint price and still there...2x-3x
The 2015,16 circa President's Coin &Chronicle sets came out with huge premiums to Mint price .. some still at premiums to Mint price.. Low mintage sets.. 2x
One forum member here ,even was selling 1,000 C&C sets on BST, on what was originally a 2 set per household limit.
The 2017 225th enhanced sets ??.. large specs.... 100+/more sets.. are an overhand lid on prices.
One at least holding 2000+ sets..
Future ?? Mint sell out 1st .. set will lose interest as time inches forward,,,,,,Mint comes out with new products
Hard to judge the trajectory of anything based on current demand. A lot of new stuff is down - passed up 2 1999 silver sets a couple days ago at $45 each and those have been $100 sets for years.
Also, Truman C&C will still sell 4x issue price easy. Eisenhower slowly inching up from around 2x issue also. I'd say these are holding value fairly well for a series that a lot of people despise.
You keep ignoring that there are COINS in the sets. The price of the Lincoln and Kennedy alone will justify the current set price. IT'S THE LOWEST LINCOLN MINTAGE. If there are only 226,000 Lincoln cent collectors in the U.S., there aren't enough coins to go around. If there are just 100,000 Lincoln cent collectors in the world, there won't be enough singles to go around because of sets in collections.
Did the sets you mention have HH limits as opposed to the EU set?
jmlanzaf September 20, 2017 11:29AM to September 22, 2017 11:15AM
There's 13 posts by jmlanzaf to this thread in less than a 48 hr time frame.
Loquacious.
Presumptuous.
Mine has more syllables.
Don't quote me on that.
Only 13? LOL!!!
So, this is a fact? What is the rate to Nevada from CA? to Illinois from CA?
Give me a link please.
bob
It's not true. First class mail has no distance component.
14
I'm done with this thread
15
First class package for a 7 oz. bubble wrap package from Boston to Hawaii is $3.48
From Boston to Hartford CT is $3.48
http://www.ecommerceweekly.com/shipping/usps/understanding-the-usps-shipping-zones/
Postal zones are distance based; meaning zones are determined by the distance your shipment needs to travel between origin and destination. Distances are further divided into zones on the shipping zones map. There are eight USPS zones for domestic shipments. Unless you’re using a flat rate box or flat rate envelope to ship your goods, the cost of postage will depend on how close the origin and destination zones are.
NOT FOR 1ST CLASS. Only true of Priority and Express.
16
Nervous long .. market knows the rarity .. the market has spoken
This is absolutely incorrect information. Priority and First Class do not change with distance. You must be thinking of UPS or FedEx.
bob
Priority mail rates do change based on distance unless you use flat rate priority mail.
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.
There is a non flat rate Priority? Did not know that, my apologies to those I misled.
bob
Not are all nervous. Long at 25 per set. I could sell them today at a net profit.
17
Keep talking Best day. I'll look you up in a couple years to rub your nose in it.
18
So, I like talking coins. I'll find sime new people to talk to if it bothers you so much. #19
Any word on how many sets are available?
where is numerler ?
the 2006 coins were from the 2 coin silver set(one proof and one reverse proof)
Was also stating that PCGS is sometimes over rated because their coins seem to get these spots more than NGC. Seems the spots are almost on the same place on each coin-maybe a problem how they seal the coins; or something wrong in PCGS's process. Bought 10 of the proofs-put them away; and they all developed the ugly spots. Made them just spot price material.
My (almost) last strike sets arrived, in a munged up box, so I had to open it up to make sure the sets inside were okay.
They were both perfect, and obviously new. No scratches, dust or mars on the outer boxes, COA or lenses.
I'm just sad more sets went on sale.
At this point I'm wondering if everything "unavailable " or "sold-out" will ever dissapear? It's like the Mint has adopted ( or invented? ) a new Marketing tactic.
one subject that hasn't been brought up is how this set would hold up in a recession. it is possible that this set could be still for sale in the next recession, some experts believe the stock market will drop to 14,000 within the next 6 months which would bring on the next recession. I do know it was extremely hard to sell anything in the 2009- 2010 period
I think a 40% drop in the stock market, and the factors that would MAKE it drop 40%, and the ensuing issues, the ability to resell a $35 set and not go belly up would not even make anyone's radar.
Ill post on this thread to get it close to 2k posts
I opened my three sets once, liked what I saw, and have not looked at them since. My exposure is low, and so is my interest in the current value.
Someone let me know when they sell out