@Manorcourtman said:
I wonder how many cancellations and returns this non sell-out today will generate? I bet some of the on fence buyers will get cold feet and try to bale on their orders. Just sayin..............
I got cold feet when the set was still in my shopping cart.
Something just didn't feel right when reading all the blogs over the past week. There was a certain amount of hype for the set, but the tone of many of the posts were wrong...
@coinpalice said:
70 percent of the population live week to week. 140 dollars could just as well be 1,140 to those people
Most of those in this game (i.e. the one's who pay attention to things like mint marks) are the one's that can afford the $140.
But as I said (someplace in this thread, I think,) the majority of the collectors who want this coin (and are aware of it), has had over a half-year now to acquire one, and probably have one by now.
I wonder if the slow sales is more a reflection of the LESP set than the coin. I'll bet if this was a dollar set with a sacabuck and sold for around the price of the congrats set, or even a W/S ASE proof set, they would have been gone in the first couple of hours.
@jmlanzaf said:
It's just not rare at 125,000. The ASE is a $100, but it's a $140 set.
But, that said MCM was buying them at above issue price
They are experts at the flip game. The average Joe won't make money on this flip. That said, the only ASE Proof with a lower mintage is the '95 and proofs are the collector's choice...
@jmlanzaf said:
It's just not rare at 125,000. The ASE is a $100, but it's a $140 set.
But, that said MCM was buying them at above issue price
They are experts at the flip game. The average Joe won't make money on this flip. That said, the only ASE Proof with a lower mintage is the '95 and proofs are the collector's choice...
2011 Reverse proof is also lower.
I don't see this coin going much above $100 which makes the $140 price point probably about right given the extra $22 in bullion and the $130 price point on the Congratulations sets on the secondary market. But that doesn't leave much room for appreciation.
The problem with the set is you take out the silver eagle and what do you do with the rest of the coins? This is the same issue with the EU set, you take out the best coins and the rest are scrap.
@mustanggt said:
Happened to be on the mint website a little after 9:00 PDT and the set was available. So I ordered 2, everything processed and got the mint order confirmation. This morning they cancelled the order and sent an email later stating
Dear Valued Customer,
We received your order for the Limited Edition 2017 Silver Proof Set. Unfortunately, there was a system error that allowed orders for this product to be placed before the 12pm ET launch. Your order has been canceled and we encourage you to reorder today beginning at 12pm ET. We apologize for the inconvenience.
Were you able to order 2 this morning still or did the system say that you already ordered your limit of 2 even though they were cancelled?
Yep, although it gave me a household limit exceed the first time I tried.
@HalfStrike said:
The problem with the set is you take out the silver eagle and what do you do with the rest of the coins?
You can stack them or sell them. 2017-S silver Kennedy halves by themselves are fetching north of $20 each. And current melt value of the quarters and dime is $16.20.
Ok i just got off the phone with PCGS this is what it will cost me. My first 2 sets when they get here I will pack in new box and NOT open the Mint packaging. Then;
1. membership Silver $60.00
Fill out Submission form
2. Handling Fee $10.00
3. Grading Fee 8 Coins X 2 Sets = 16 coins X $16.00 per coin for Modern = $ 256.00 +
4. First Strike w/ 1st Day of Issue ( if qualify) = $18.00 per coin = $288.00 for a grand total of $554.00 for both sets or $277.00 per set +
5. Return Shipping Cost by me = $ ? Not Bad! Joining right now
Just joined I am now a new Gold Club Member! Decided to splurge now I get 4 free complimentary submission I think I will use later for a special coin!
I think it would be great if this batch of 50k S mint eagles used a different die or a variety of a new die to distinguish them from the congrats set one.. Wishful thinking I know...!
@thebigeng said:
I think it would be great if this batch of 50k S mint eagles used a different die or a variety of a new die to distinguish them from the congrats set one.. Wishful thinking I know...!
Will the TPG's assign a different coin# for the ASE to distinguish it from the grad set. We shall see.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
As far as varieties go, the standard bullion Eagle from the 2011 25th Anniversary Set had a small dimple in the tail feathers, so yeah, I could see something similar happening.
I was actually getting spooked by the fact these sets were still available despite the small profits being had from them, but then I remembered the same thing happened with the Convex/Concave Baseball Silver Dollars. They were available for over a week letting people really stock-up before sellout. Granted the stuff hit the fan on those after a bit, but some folks did pretty well
"Character is doing the right thing when no one is watching". - J.C. Watts sarasotanumismatics.com
@FullStrike said:
I walked a sealed box of 15 of the 2017 Congratulations Sets around the Macomb Coin Show very very soon after the 2 minute sellout. I got yawns and indifference and took my only offer of $75 each. These new sets with the old Coins will make you rich !
Back up the truck . Load it up !
Jobs are on the line.... layoffs are coming to the US Mint if you don't order up. So order up.
Yea but isn't offering old coin show dealers modern stuff like offering a vampire a whole crop of garlic?
Old coins , Modern coins .. it is all abou> @HalfStrike said:
The problem with the set is you take out the silver eagle and what do you do with the rest of the coins? This is the same issue with the EU set, you take out the best coins and the rest are scrap.
Bought 3 sets .. not a sellout for another Mint set ...sometime happening behind the curtain containing demand .....besides too many Mint Products
there just isn't the collectors out there like back in the day and it's really showing in last 2 mint offerings, the 2017-S EU set and now this set. the mint is dumbfounded as why this set is still for sale. it's pretty simple, the collector base is shrinking fast, i know of 8 people who are selling off 30 and 40 year collections right now as they just announced their retirement. you could find silver coins in change at one time, the Millennials could care less about coins, they dealt with digital money their whole life
I'm cutting down on modern mass produce coins. The mint is just like the post office, producing millions of "collectibles" to make huge profits. Where does all that extra money go after they balance their own books?
@coinpalice said:
there just isn't the collectors out there like back in the day and it's really showing in last 2 mint offerings, the 2017-S EU set and now this set. the mint is dumbfounded as why this set is still for sale. it's pretty simple, the collector base is shrinking fast, i know of 8 people who are selling off 30 and 40 year collections right now as they just announced their retirement. you could find silver coins in change at one time, the Millennials could care less about coins, they dealt with digital money their whole life
I wouldn't count the younger generations out just yet. Many that will be inheriting coin collections might become interested when they see the value of these coins as investments they can hold in their hands. That's why a lot of us like them.
@coinpalice said:
there just isn't the collectors out there like back in the day and it's really showing in last 2 mint offerings, the 2017-S EU set and now this set. the mint is dumbfounded as why this set is still for sale. it's pretty simple, the collector base is shrinking fast, i know of 8 people who are selling off 30 and 40 year collections right now as they just announced their retirement. you could find silver coins in change at one time, the Millennials could care less about coins, they dealt with digital money their whole life
This is eventually a problem. But coins and stamps have long been "old man" hobbies. The Millennials are really not in this market just like anyone in that age bracket in previous generations. I played with coins as a kid with my grandfather. Then didn't touch them again until I was in my mid-30s. Pretty common story.
This could get interesting! I imagine one of the big boys bought them all up! MCM ect! Let me check my TV listing to see if the Coin Sale, 2 hour show has a special on cable!
So, all in for about $300 bucks plus the cost of the set you can have a set graded by pcgs with FS labels..... Is it worth it? I think it is not, but am welcome to some critical analysis...
@thebigeng said:
So, all in for about $300 bucks plus the cost of the set you can have a set graded by pcgs with FS labels..... Is it worth it? I think it is not, but am welcome to some critical analysis...
I am starting to think this will be a bad idea. I suspect the coins will come in Monday and I should have a few days to sleep on it! The only reason I bought this was for the Silver Dollar and the Half Dollar has some value.
I wouldn't think the S Silver Eagles would be available for First Strike, however....I'm sure someone will think of wording the label as a Silver Set First Strike or First Day and charge a premium.
I bought the limit of 2 yesterday and could have bought more today when the limits were lifted but didn't. Yes, the Eagle is beautiful and being an S mint is rare but I'm not a fan of these quarters....those mounds are dreadful. Silver dime.....hmmmmm. Is that Kennedy very special? These silver sets are always packaged too big and really eat up space. I believe the majority of these sets were basically bought just for that Eagle...which makes that Congratulations set even more attractive...even though it's sold out. What's next? Medal Mania?
@Onastone said:
I wouldn't think the S Silver Eagles would be available for First Strike, however....I'm sure someone will think of wording the label as a Silver Set First Strike or First Day and charge a premium.
I bought the limit of 2 yesterday and could have bought more today when the limits were lifted but didn't. Yes, the Eagle is beautiful and being an S mint is rare but I'm not a fan of these quarters....those mounds are dreadful. Silver dime.....hmmmmm. Is that Kennedy very special? These silver sets are always packaged too big and really eat up space. I believe the majority of these sets were basically bought just for that Eagle...which makes that Congratulations set even more attractive...even though it's sold out. What's next? Medal Mania?
I think most US Mint coins are packaged in too big of boxes. I think everyone hates the huge presentation boxes that special coins come in. Who the hell displays their coins in these fancy safe gobbling boxes anyway?
then 20,000 over the next 10 hours after HH lifted.
Guess the dealers stepped in, with discounts from the mint and grading they can make the money on volume. Not much would be left on the bone for us mortals.
@Golden1 said:
I think most US Mint coins are packaged in too big of boxes. I think everyone hates the huge presentation boxes that special coins come in. Who the hell displays their coins in these fancy safe gobbling boxes anyway?
Someone must like the boxes, when you go to sell the coins dealers always seem to want the OGP to go along with them.
@Golden1 said:
I think most US Mint coins are packaged in too big of boxes. I think everyone hates the huge presentation boxes that special coins come in. Who the hell displays their coins in these fancy safe gobbling boxes anyway?
Someone must like the boxes, when you go to sell the coins dealers always seem to want the OGP to go along with them.
Not me. I'm spatially challenged, and it was my second biggest reason not to get this set.
Sets appear to be selling on ebay in the $200 range.
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.
@Manorcourtman said:
Available again. The Mint crushes the Flippers hopes again!
There's always some cancellations that go back on sale. That's why they are "currently unavailable" not "sold out". They may come and go a couple more times before they finally label it a "sell out".
@PNGandANA said:
I'm cutting down on modern mass produce coins. The mint is just like the post office, producing millions of "collectibles" to make huge profits. Where does all that extra money go after they balance their own books?
The post office loses money overall, so there's no "extra money". The Mint ultimately makes money, but in their annual report they actually LOSE money on annual sets and make money on bullion.
@grote15 said:
Sets appear to be selling on ebay in the $200 range.
That number has been dropping steadily for 2 days. They were selling in the pre-sale for as much as $280. Then $220 yesterday. Then down to $180 before the sell-out.
Comments
I got cold feet when the set was still in my shopping cart.
Something just didn't feel right when reading all the blogs over the past week. There was a certain amount of hype for the set, but the tone of many of the posts were wrong...
Most of those in this game (i.e. the one's who pay attention to things like mint marks) are the one's that can afford the $140.
But as I said (someplace in this thread, I think,) the majority of the collectors who want this coin (and are aware of it), has had over a half-year now to acquire one, and probably have one by now.
I wonder if the slow sales is more a reflection of the LESP set than the coin. I'll bet if this was a dollar set with a sacabuck and sold for around the price of the congrats set, or even a W/S ASE proof set, they would have been gone in the first couple of hours.
It's just not rare at 125,000. The ASE is a $100, but it's a $140 set.
But, that said MCM was buying them at above issue price
They are experts at the flip game. The average Joe won't make money on this flip. That said, the only ASE Proof with a lower mintage is the '95 and proofs are the collector's choice...
2011 Reverse proof is also lower.
I don't see this coin going much above $100 which makes the $140 price point probably about right given the extra $22 in bullion and the $130 price point on the Congratulations sets on the secondary market. But that doesn't leave much room for appreciation.
Household limit ban has been lifted. Sellout imminent once the big players find out
x> @StraubmullerAndSons said:
Quick, let's pool our money and buy all the remaining sets. Fortunes await!
By the way, welcome!
My Adolph A. Weinman signature
Thank you. I’ve been a lurker for a while.
Sales must have been really low to lift limit this quick. Always a crap shoot as there is a lot of crap to shoot at.
Which means the graded eagles are going to be priced even higher.
We need to get this set off the Mint's shelves. It's taking too much attention away from the 2017-S EU set.
My Adolph A. Weinman signature
Silver Eagles identified as being from this set are likely to be fewer in number and more expensive than those from the Congratulations Set.
By the way, welcome!
My Adolph A. Weinman signature
No fast sellout of 2017 Limited Edition Silver Proof set for U.S. Mint
29,164 out of 50,000 sets sold in first 22 hours
https://www.coinworld.com/news/us-coins/2017/10/limited-edition-sets-fail-to-sell-out-first-day.all.html#
Lol. Lot more interest in the EU set than this set, for whatever reason. Maine just price
The problem with the set is you take out the silver eagle and what do you do with the rest of the coins? This is the same issue with the EU set, you take out the best coins and the rest are scrap.
Yep, although it gave me a household limit exceed the first time I tried.
You can stack them or sell them. 2017-S silver Kennedy halves by themselves are fetching north of $20 each. And current melt value of the quarters and dime is $16.20.
My Adolph A. Weinman signature
Ok i just got off the phone with PCGS this is what it will cost me. My first 2 sets when they get here I will pack in new box and NOT open the Mint packaging. Then;
1. membership Silver $60.00
Fill out Submission form
2. Handling Fee $10.00
3. Grading Fee 8 Coins X 2 Sets = 16 coins X $16.00 per coin for Modern = $ 256.00 +
4. First Strike w/ 1st Day of Issue ( if qualify) = $18.00 per coin = $288.00 for a grand total of $554.00 for both sets or $277.00 per set +
5. Return Shipping Cost by me = $ ? Not Bad! Joining right now
Just joined I am now a new Gold Club Member! Decided to splurge now I get 4 free complimentary submission I think I will use later for a special coin!
I think it would be great if this batch of 50k S mint eagles used a different die or a variety of a new die to distinguish them from the congrats set one.. Wishful thinking I know...!
Will the TPG's assign a different coin# for the ASE to distinguish it from the grad set. We shall see.
I believe they did with the 2012-S Silver Eagles from the 75th Anniversary Set and the Coin and Currency Set.
My Adolph A. Weinman signature
As far as varieties go, the standard bullion Eagle from the 2011 25th Anniversary Set had a small dimple in the tail feathers, so yeah, I could see something similar happening.
I was actually getting spooked by the fact these sets were still available despite the small profits being had from them, but then I remembered the same thing happened with the Convex/Concave Baseball Silver Dollars. They were available for over a week letting people really stock-up before sellout. Granted the stuff hit the fan on those after a bit, but some folks did pretty well
sarasotanumismatics.com
Old coins , Modern coins .. it is all abou> @HalfStrike said:
Bought 3 sets .. not a sellout for another Mint set ...sometime happening behind the curtain containing demand .....besides too many Mint Products
there just isn't the collectors out there like back in the day and it's really showing in last 2 mint offerings, the 2017-S EU set and now this set. the mint is dumbfounded as why this set is still for sale. it's pretty simple, the collector base is shrinking fast, i know of 8 people who are selling off 30 and 40 year collections right now as they just announced their retirement. you could find silver coins in change at one time, the Millennials could care less about coins, they dealt with digital money their whole life
I'm cutting down on modern mass produce coins. The mint is just like the post office, producing millions of "collectibles" to make huge profits. Where does all that extra money go after they balance their own books?
I wouldn't count the younger generations out just yet. Many that will be inheriting coin collections might become interested when they see the value of these coins as investments they can hold in their hands. That's why a lot of us like them.
This is eventually a problem. But coins and stamps have long been "old man" hobbies. The Millennials are really not in this market just like anyone in that age bracket in previous generations. I played with coins as a kid with my grandfather. Then didn't touch them again until I was in my mid-30s. Pretty common story.
Just went unavailable.
Yes, sold out for now. At least until returns and cancellations are confirmed.
usmint.gov/united-states-mint-limited-edition-2017-silver-proof-set_UNAVAILABLE
This could get interesting! I imagine one of the big boys bought them all up! MCM ect! Let me check my TV listing to see if the Coin Sale, 2 hour show has a special on cable!
So, all in for about $300 bucks plus the cost of the set you can have a set graded by pcgs with FS labels..... Is it worth it? I think it is not, but am welcome to some critical analysis...
That's it for US Mint offerings for 2017.
Hope you all got your S Silver Eagles and especially the 2017 Palladium Eagle
Are these S Silver Eagles in the proof set eligible for First Strike?
I am starting to think this will be a bad idea. I suspect the coins will come in Monday and I should have a few days to sleep on it! The only reason I bought this was for the Silver Dollar and the Half Dollar has some value.
I wouldn't think the S Silver Eagles would be available for First Strike, however....I'm sure someone will think of wording the label as a Silver Set First Strike or First Day and charge a premium.
I bought the limit of 2 yesterday and could have bought more today when the limits were lifted but didn't. Yes, the Eagle is beautiful and being an S mint is rare but I'm not a fan of these quarters....those mounds are dreadful. Silver dime.....hmmmmm. Is that Kennedy very special? These silver sets are always packaged too big and really eat up space. I believe the majority of these sets were basically bought just for that Eagle...which makes that Congratulations set even more attractive...even though it's sold out. What's next? Medal Mania?
I would say yes as long as the label says LE set on them.
Successful Trades: Swampboy,
I think most US Mint coins are packaged in too big of boxes. I think everyone hates the huge presentation boxes that special coins come in. Who the hell displays their coins in these fancy safe gobbling boxes anyway?
then 20,000 over the next 10 hours after HH lifted.
Guess the dealers stepped in, with discounts from the mint and grading they can make the money on volume. Not much would be left on the bone for us mortals.
Glad they are Sold Out.
Someone must like the boxes, when you go to sell the coins dealers always seem to want the OGP to go along with them.
My Adolph A. Weinman signature
Not me. I'm spatially challenged, and it was my second biggest reason not to get this set.
Sets appear to be selling on ebay in the $200 range.
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 wonder if anyone on here got spooked by the non sell out and cancelled there order/orders? And now regret it.
Successful Trades: Swampboy,
You mean like what happened with the plat proof and EU set?
Do ya' think? (Maybe not on here specifically, but I think I did hear a collective sigh of relief elsewhere when it went dark...)
Someone should check at 7:30 to see if any became available...
I bet the Mint is having a collective sigh of relief.
Successful Trades: Swampboy,
They are available again. earlier than the usual 7:30am refresh
Not Available again.
There's always some cancellations that go back on sale. That's why they are "currently unavailable" not "sold out". They may come and go a couple more times before they finally label it a "sell out".
The post office loses money overall, so there's no "extra money". The Mint ultimately makes money, but in their annual report they actually LOSE money on annual sets and make money on bullion.
That number has been dropping steadily for 2 days. They were selling in the pre-sale for as much as $280. Then $220 yesterday. Then down to $180 before the sell-out.
Congrat's to those who ordered their set(s)!
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck