Was today's 2015 Coin & Chronicles Set - Dwight D. Eisenhower(item #AX2), the fastest Mint sello
Goldbully
Posts: 18,231 ✭✭✭✭✭
I posted this in the big thread.......
2 sets
order # USM03442xxx
12:03
Kind of a pain in the arse..........
....very happy to have the 2 sets.
I really thought I had the sets secured within 30 seconds....WRONG!!!!
Does anyone know if this was the fastest Mint sellout ever?
Can anyone questimate the total orders taken during those infamous 11 minutes of mahem and madness?
Sorry for another Mint item #AX2 thread, but I thought it would be of interest.
2 sets
order # USM03442xxx
12:03
Kind of a pain in the arse..........
....very happy to have the 2 sets.
I really thought I had the sets secured within 30 seconds....WRONG!!!!
Does anyone know if this was the fastest Mint sellout ever?
Can anyone questimate the total orders taken during those infamous 11 minutes of mahem and madness?
Sorry for another Mint item #AX2 thread, but I thought it would be of interest.
0
Comments
Im not sure the fastest though.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>If it wasnt for the glitches, sellout would have occurred around 3 minutes. I really believe that.
Im not sure the fastest though. >>
That's a scary thought.
I feel rather fortunate to have gotten an order in and likely one of the last, even though I was ready and fast off the line when the starting gun was fired.
Using the same strategy I used for Truman (when I was in/ordered/out in less than 2 minutes), this one I was hammered for the first 4 or 5 minutes.
I really feel sorry for those that were trying and got a roadblock from the website, I have been there before and it's frustrating to say the least.
<< <i>I posted this in the big thread.......
2 sets
order # USM03442xxx
12:03
Kind of a pain in the arse..........
....very happy to have the 2 sets.
I really thought I had the sets secured within 30 seconds....WRONG!!!!
Does anyone know if this was the fastest Mint sellout ever? >>
I seem to remember some FSQ bags back in 1999 and/or 2000 disappearing in milliseconds.
<< <i>Can anyone questimate the total orders taken during those infamous 11 minutes of mahem and madness? >>
Need a real time first, Mint reports 15, earlier reports said 13, I've seen some claim 9 min...
Anyway, I think the earliest report number was 03440xxx. (That'd be me.
The latest order number I've seen is 03450xxx, or 9K to 10K orders. (Makes sense if there were 17K sets sold.)
So if we settle on an average of 12 minutes, 9.5K orders is about 800 orders/minute or 13.2 orders/second.
<< <i>If it wasnt for the glitches, sellout would have occurred around 3 minutes. I really believe that. >>
Most of the "glitches" reported were because all available ports on the server were being used. That means the server-cluster was at full capacity and processing as fast as it could. (Remember it's not only the mint site that has to check user accounts and update it's databases, but it has to ping credit cards to another external server. It all takes time.)
I think what we saw today was about as short of a time to sell out as they could achieve.
Agreed!
Look at these early pre-sales.....all are selling at 5x+.......
eBay Link
edited to add:
Greedy Jerk
Me too, LanLord....me too.
edited to add: Got shipping notification this afternoon......
(..and no, I'm not a frustrated buyer who didn't get a set. I have no interest in this at all).
<< <i>This sums up everything that is wrong with modern numismatics and the U.S. Mint.
(..and no, I'm not a frustrated buyer who didn't get a set. I have no interest in this at all). >>
<< <i>This sums up everything that is wrong with modern numismatics and the U.S. Mint.
(..and no, I'm not a frustrated buyer who didn't get a set. I have no interest in this at all). >>
I agree with you also. I just played the game for the sheer Mint fun of it. This time I was lucky.....
.....just the right combo of fast Internet connection(and browser) and maybe a quirk or two on the ordering side.
That's the only difference between getting a sought after modern Mint product and not getting a Mint product......sad but true.
edited to add: Nobody has definitively sad that this was the fastest Mint sellout ever......I must assume it was.
Produce a million of these and nobody would care ......
I love the LOW MINTAGE hard to get mint products as they stimulate the hobby.
I hope the mint keeps this up, low mintages is key .....................................
Bravo US MINT
If it's a real market, I don't mind paying for what I want. This is becoming less a market and more of a rationing line. I wanted some of the Reverse Proofs, but now I'm still trying to decide whether or not I want to be a part of it at all.
I knew it would happen.
I got my two sets, that all. It was not hard even with three crashes.
Everyone here had the same opportunity, Information is key, that is why I love this forum .....
<< <i>edited to add: Nobody has definitively sad that this was the fastest Mint sellout ever......I must assume it was.
Certainly someone around here had to have been around the the Fifty State Quarter bags back in 1999 and 2000. I seem to remember some of them sold out in a minute. (As a matter of fact, I think the last time I was shut out of a mint sale (that I actually wanted to buy) was the Maryland bags in 2000.)
I knew it would happen.
<< <i>How would I do it? A 30-day open ordering period. Problems solved. The Mint is mismanaging their "business" in typical fashion, and that's how Modern rarities happen. I've made my share of home runs, and I don't begrudge anyone who can win the game. My opinion is that the Mint is mismanaging their distribution policy to the detriment of their customer base. >>
You need to go back to the threads about products that did just that (the RP Buff and ASE sets), and read the posts that said the mint is striking too many and should have had a limited edition.
So the limited edition crowd was upset, and the open sales guys like you were happy. With this product, it's the other way around.
To quote some British guy, "You can't always get want you want..."
<< <i>How would I do it? A 30-day open ordering period. Problems solved. The Mint is mismanaging their "business" in typical fashion, and that's how Modern rarities happen. I've made my share of home runs, and I don't begrudge anyone who can win the game. My opinion is that the Mint is mismanaging their distribution policy to the detriment of their customer base. >>
I completely disagree, open end mintages, what a joke and a dog ........
The US Mint is doing this right, congratulations on a fantastic job.
<< <i>
<< <i>How would I do it? A 30-day open ordering period. Problems solved. The Mint is mismanaging their "business" in typical fashion, and that's how Modern rarities happen. I've made my share of home runs, and I don't begrudge anyone who can win the game. My opinion is that the Mint is mismanaging their distribution policy to the detriment of their customer base. >>
I completely disagree, open end mintages, what a joke and a dog ........
The US Mint is doing this right, congratulations on a fantastic job. >>
Contrived low mintages and unfair distribution in a computer based lottery leaving a lot of collectors unhappy and dependent upon flippers is garbage. If you want low mintages and truly rare items with low survival rates, collect U.S. coins from the 19th century or foreign coins. Those are real rarities which were created for honest reasons well over 95% of the time.
I guess you must of won the computer lottery this time. We'll see how you feel next time if your machine gets frozen out, which happened to others, this time.
The only defense collectors have is to get their mind off of this material and wait a couple years until the prices come down. The prices will come down. It's happened to nearly every modern "rarity" the mint has issued over the last few decades. For example have you checked out the price of the 1999 Kennedy half dollar Matte Proof? It's way down from where it was 10 years ago.
If you think that a $200 profit on 5 or 6 sets costing $57.95 is a big deal, that's not my idea of a lifestyle-changing event. It's just a blip on the radar and it chases away more potential collectors than it gathers in.
Too many wannabe dealers worried too much about making a big score. It's not that big a deal. Really.
I knew it would happen.
<< <i>Yup, open ended mintages make dogs because there's no artificial shortage. If nobody wants the coins, they *should* be dogs. Artificially-created demand doesn't increase the number of collectors, which is about the same as shooting yourself in the foot.
If you think that a $200 profit on 5 or 6 sets costing $57.95 is a big deal, that's not my idea of a lifestyle-changing event. It's just a blip on the radar and it chases away more potential collectors than it gathers in.
Too many wannabe dealers worried too much about making a big score. It's not that big a deal. Really. >>
Last one (AX-1) was a $700 profit on 5 sets. Not a life changing event. BUT ................
I use these opportunities (yes the mint offers many of these) to buy super nice eye appealing major mint errors (bought at a wholesale price) at little to no cost to PUT into my Business inventory.
I have done this over and over and over again. A great way to build awesome business inventory way below wholesale .........
The only mint "limited editions" that have ever attracted me were the three piece sets of commemorative coins that mint limited to 15,000 units. I was able to order those because the flippers don't care about them. The only set I wanted that had any real competition was the 2009 Lincoln commemorative dollar and cent collection. The limit on that was 50,000 sets, so I was able to get in.
I am a collector now. I am not a flipper, and even when I was dealer I didn't mess with much of that stuff because I didn't want to alienate my customer base when the speculative prices came down, which they usually did. Most of these mint created rarities are traps, and unless I want to collect them, I avoid them.
Must be nice to have money and be an elitist ........