It sounds like a classic short squeeze by Penn Metals. Who knows if and when the true value of these shake out but IMO the real value will be closer to $50/ea than it is to $150/ea. Sell now for max profit if you haven't already sold.
Some people sold their box of 4 for less than $200 I believe, and now that they are bringing $500 net of fees (+/- 10%), I believe some people feel ripped off. It's my feeling that a buyer should split the difference with those that pre-sold for $200. This seems to be fair (a common mentality on the forum) considering the responses to the recent "ethical" thread.
That all sounds good that a buyer should "split" when they go up, but do the sellers share in the loss when they drop like a rock right after they were sold?
I ask this because I have sold too low and I have sold and watched them drop later.
I have NEVER asked the buyer for more $$$. I've just sucked it up and realize it's a game and a gamble.
I have also NEVER been asked to give money back if they dropped, as the folks I have sold to are professional and/or men of their word.
So, since you advocate for getting some additional money if you were selling something that turned out "hot" at a lower than going price, I just wonder, ethically, if you would also be willing to give that same buyer some $ back if they dropped right away as well???
And, don't forget that many of these buyers are going to be submitting them. Add in their costs of the submission for each and you will see that, unless they score a 70, and unless there aren't that many of those, and unless prices continue to go up, they aren't getting a buttload of profit.
You are missing my point. There is no bad or good guy. And you definitely are not an idiot. In your situation everyone will likely win with a profit. No one knew how the market would react once the medals were issued. You cannot get mad after the fact that some money was left on the table.
Some money left on the table are you kidding. Telling me $15 is fair is not just money on the table. Why don't they post buy prices? so those who don't know can be taken advantage of. They're not going to pay to much. These guys know what their doing. Harbor coin sent an email out ( unfortunately to late for me ) that they were paying $100 over. They are not the highest buyer either but at least they are willing to put it out there. They base their price on CCE info just like the big buyers here do. Harbor coin sells to other dealers on CCE take their profit and run. If you hold trying to maximize profit with slabbed 70's that's your choice if they go down and they will you don't cover by cheating fellow members. I recommend that you all get on Harbor coins list and even if you don't sell to them you will have a basic idea. The gold Standing Liberty quarters will be out soon and with a limit of 1 the buzzards will be circling.
What do you mean funny? Like a clown? Do I amuse you? Huh?
I won't expect to be treated fair here by forum members again, no problem. Many feel like you and buyers should get away with whatever they can, I get it. Someone will read this and keep from getting screwed.
This is laughable. There is NO WAY a pre-buy offerer can know what they price will be on the secondary market, just like there was no way YOU knew they would sell this high. If you did, you would not have sold for cheaper. They make an offer that they feel is safe, and you can decide what to do with it. I have benefited from too high of an offer (sold my gold kennedy at the ANA show for over $3k) and I have also wished I would have held and sold higher. Stop whining about it.
I bet the dealer who bought my gold kennedy for over $3k wishes he could call me back and make me split the difference on what it is actually worth now. Dealers win some and lose some, and so do those that sell to them.
I was really looking to win at $15 over cost. What part of favor do you not understand ? As a matter of fact I have always been the one getting on others who pre sell a deal. I always have said it is crazy you don't even know if you get them. I pre sold these medals because he wanted them not because I was expecting to get rich at $15. I also sold him the last C&C set for $15 over cost, that's how I came up with $15 this time, IT WAS A FAVOR and I was taken advantage of.
Speaking of CCE, when I personally posted interest in these medals back on 8/22/16 in the very early a.m. on these boards, there was (best I can see) just 1 dealer in the entire CCE network at that time that expressed interest in the "coins" with an actual posted price (the second posting) of $60/medal. He referred to his offering as (and he used the caps):
"HOW MUCH WILL THESE TOADS COST ME?? PLEASE OFFER.. WEST COAST SUCKER (ME) WAITING TO SPEND SOME MONEY ON THIS CRAPOLA."
After some time with no price, this "sucker" went to $60/coin. There were no other dealers in the entire CCE network I saw with an actual asking price for these medals and only a few dealers at all even asking about the medals. HarborCoin has been mentioned here. I did not see any buy offering from them on these coins on CCE either (and they are a CCE member), but I understand they sent a private mailer to their customers asking to pay $60/coin.
This medal has moved up obviously in the past 24-36 hours since its release. On the other hand, I recall paying folks outside the Denver Mint a couple years back $600 each for their ticket to buy a single Kennedy Gold coin at $1,240. A couple years later, 70FS grade coins are barely worth the $1,240 let alone raw coins worth far less not to mention the $600 added on for the "ticket". I took about a $25,000 loss on buying those $600 tickets (and was lucky it was not more). I spoke to a board member just today who told me he lost $50,000 buying those coins. He also told me he bought these medals from his closest customers and friends for $55/medal and thought that was beyond fair with them at the time. He told me he waited until they rose another $20 each and sold a 250 medal position to another dealer who thought he was overpaying at the time. And, so on and so forth.
As always, just my two cents.
Wondercoin
edited to add ... Jwitten... it is funny you mentioned your Kennedy. I wrote about my experience before I read your post!!
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
As Wondercoin notes well - win some, loose some. Hindsight is 20/20. Deals are made on the best info at the time.
At least that's the case inless it's Ebay, esp. pre-sales. In that case if the price drops the buyer backs out. If the price goes up the seller honors the deal. Hence they make no sense from a seller perspective to me but I digress...
Harbor coin does not buy on the CCE I said they sell and they knew they could pay $100 to the public and make money selling on CCE. I don't care about other deals gone good or bad. You don't make it up on the forum. The coins were shipped today just pay promptly and we're done.
With all due respect, Harbor is a buyer on CCE. In fact, just today, I believe Harbor posted -6- total Sell ads and -11- total Buy ads. Nearly twice the buy ads as compared to the sell ads.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Thanks for getting it $15 was a favor not expecting to be taken advantage of. OK I'm done. Wondercoin you don't need to defend your position you have the clout and 9 out of 10 will side with you no matter what. Maybe I can help 1 in 10 get a better deal.
"As far as the kennedys, what's his face with the charter busses and casting calls wreaked havoc on the entire event, along with Munchel's line jumpers it brought the jinx."
While those actions may have hurt sales, etc., I don't think anyone who was standing in line up to 12 hours to get a coin could foresee that they would be utterly worthless (from a profit perspective) just a few months later (not to mention two years later now).
Just my two cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
IwasAgentjim007 .... I never stated I did any business with you (ever or on this item, etc) and don't intend to. I merely commented on CCE since I am a member there and could share the facts on certain things.
A general comment concerning these particular medals...
I personally had no clue what they would be worth two days after their sale, whether they would sell out in 5 minutes or not sell out at all. In fact, I own MacArthur medals I bought from the US Mint a few years back with a mintage of around 10,000 that are worth very little right now as far as I know - very, very little. Which is why I simply asked board members over on the BST Board what they would like as compensation to order medals for me. Some did order for me, some didn't order for me. Some asked for compensation that in retrospect I was foolish not to agree to (but I was not passionate about these medals by any means) and some even asked for very low compensation that I will likely double when I send their check out as a "thank you".
This product did well. Now, as for the -200-+ Gold Mercury Dimes I am sitting on in 70FS Flag and Centennial Labels - one day I may make a few dollars on that very expensive remaining position.
Again, just my two cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Originally posted by: CA5MAN Good grief, seems a ridiculous sell for $15. This was a no brainer, as was the 2011 ase anniv sets. IIRC some sold those for $50 pull per set. If you can't see the home run coming, maybe try soccer.
As far as the kennedys, what's his face with the charter busses and casting calls wreaked havoc on the entire event, along with Munchel's line jumpers it brought the jinx.
I didn't see it this way. Being that these are not coins I really didn't know what to expect. I bought on a whim so as not to be left out if they did well.
On the other hand, the 2011 ASE sets were to me an absolute no brainer. Same with the 2015 W APE and some others.
Originally posted by: MilesWaits Everyone on this forum that has been here for a while knows that we've had some real high return salad days from the Mint's "Genrousity"
We also know who we trust to sell to and buy from on the BST.
And from interactions on this forum we have learned who to avoid.
At some point, these entertaining debates turn into the clubbing of baby seals.
Oh boy. I some ways I hate to see this happen and in other ways we all can use it as a learning experience.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
I just added a buyer to my blocked list on ebay. I have my medals at the going rate, and he messaged me complaining that I was price gouging, and all the big dealers took them all so the small guys couldn't get any.
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
The website says unlimited mintage, but only 12,500 for this release. It could be used in other sets.
I just added a buyer to my blocked list on ebay. I have my medals at the going rate, and he messaged me complaining that I was price gouging, and all the big dealers took them all so the small guys couldn't get any.
Start them at a dollar, or mint issue price. Then you will see the actual value and "going rate". And don't forget to include me in the bidder list. I have an idea what I would pay for one.
I pre-sold mine for what I think is a fair price, but still not 50% of what they are going for RIGHT NOW. It still works out to about $3000 an hour just to press a few buttons on a mouse. My guess is that the current prices are not sustainable, and a lot of people are going to be left holding the bag after a few months when everyone realizes that these are medals that no one seems to have collected before this issue. If my buyer makes a big profit on these, great, so did I for doing 2 minutes of white collar work. Makes up for the Kennedy C&C sets I sold him for a profit that he probably lost money on. Long term relationships require give and take.
I tried to get mine and they were in the cart in 10 seconds, but I could not get it to confirm my order no matter what I tried to do and in about 5 minutes it said unavailable. Frustrating as I guess I have some browser setting wrong. Anyway, I sure hope this does not happen on the standing liberty gold coming up.
I will be fine as long as PCGS does not include this silver medal in any of my registry sets as PR70's will probably be very pricy, at least for quite a while. If it was a coin, I would be very disappointed if I did not eventually get one.
Arbitrage is the original sweet and sour. Just a matter of what side you are on.
I didn't know anything about these, but I know if Wondercoin is poking around I should at least take a look. For that price and downside, it was/is an easy risk to take. Whether I made $1 or $100, it's still more $'s then I had prior, which is a win in my book.
I tried to get mine and they were in the cart in 10 seconds, but I could not get it to confirm my order no matter what I tried to do and in about 5 minutes it said unavailable. Frustrating as I guess I have some browser setting wrong. Anyway, I sure hope this does not happen on the standing liberty gold coming up.
Nothing to do with your browser settings and everything to do with the capabilities of the mint's server(s). I had the same experience. It's been a while since I've been locked out like this. Usually I get through for at least one of whatever is on offer. There are enough of the SLQs being minted that it won't sellout in 5 minutes - more like an hour or two. JMHO.
Originally posted by: pf70collector Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
And similar-looking silver rounds can be produced privately in unlimited quantities. I'm in for one if the designers do a good job and it doesn't cost too much above melt.
Originally posted by: VanHalen Oh boy. I some ways I hate to see this happen and in other ways we all can use it as a learning experience.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
Shirley you can't be serious? Nobody? Let's see, first of the first and perhaps the only, 2 mint marks, 12.5 mintage, low price point, silver proof...you got to be joking with the suggestion nobody would expect 5x. 5 minutes was proof enough.
I have to agree with VanHalen. There was no hype about this product until 11:05 on Tuesday. To the point I was wondering if it was going to be a successful product.
Just look at the start of this thread. There was very little interest. There was more interest in the SLQ, which was to be released three weeks later.
And don't call me Shirley.
(I was going to do this post in jive, but I failed miserably. I need to dig out my copy of Airplane for some instruction...)
I tried to get mine and they were in the cart in 10 seconds, but I could not get it to confirm my order no matter what I tried to do and in about 5 minutes it said unavailable. Frustrating as I guess I have some browser setting wrong. Anyway, I sure hope this does not happen on the standing liberty gold coming up.
The Centennial Gold SLQ:
-- Mintage Limit: 100,000
-- Household Order Limit: 1
Quick sellout? Seems unlikely.
With the high mintage, I bet the flippers stay away -- especially if they've still got a bunch of gold Mercs they're trying to unload.
And based on prelimary pricing from Apmex -- $595 for raw, $625 for 69, $695 for 70 -- I bet the big retailers aren't expecting much aftermarket demand.
I might buy one if the quality & details are better than the Merc. But I don't have high hopes. Definitely wait & see.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Originally posted by: jmski52 I wonder why the Mint decided that only 12,500 each of these medals was a good idea when 50,000 of the gold coins sold.
Is their market analysis that bad? Or are they jerking their customer base around on purpose?
It seems hard to believe that they would ignore such basic things as collectors' desire for matching sets of the same design.
Sometimes I just have to shake my head and laugh.
Here's the same answer I posted two weeks ago.
Originally posted by: BackroadJunkie
Originally posted by: Overdate The mintage is ridiculously low, 25k across both mints. This is half the gold mintage of 50k. Even though it's not officially a coin, I predict a quick sellout and a nice bump in the aftermarket price.
The mint is notorious for basing mintage on past releases. The last two silver medals they produced was for the TR and FDR coin and chronicles. (The Truman and Ike C&C mintage was based on those as well.)
They are essentially, silver rounds being produced by the mint at $15 over spot. I only want one each, but who knows what my fingers will type when actually ordering the product. I admit, it could be a 10 minute sell out.
Originally posted by: pf70collector Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
The website says unlimited mintage, but only 12,500 for this release. It could be used in other sets.
Can you provide a link where it says 'for this release'? I do not see anything even close to that. All I see is the 'Product Limit' which is 12,500, and 'Mintage' which is unlimited. As mentioned by another, that is all standard language the US Mint has used for the chronicle sets, etc., and has had speculation before on whether that means more will be minted. So far, they have not. But... this is the US Mint we are talking about, so who knows?
Even if they do mint more later, which I tend to doubt, these 'early release' ones will still be low mintage. Though it remains to be seen whether they hold the price or reduce some, I think they will still hold some value.
It was mentioned that private mints could mint very similar looking silver rounds, since the Liberty Medal is not a coin. IMO they would not effect the price that much for the real Liberty Medal, especially for certified early release, or with original packaging, etc.
Oh boy. I some ways I hate to see this happen and in other ways we all can use it as a learning experience.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
Shirley you can't be serious? Nobody? Let's see, first of the first and perhaps the only, 2 mint marks, 12.5 mintage, low price point, silver proof...you got to be joking with the suggestion nobody would expect 5x. 5 minutes was proof enough.
I was talking about before they went on sale. Not after the 5 minute sellout.
I was lucky...ordered two W's and then two S's, both orders went through. I got the shipping e-mail yesterday. I only paid for the cheapest shipping option. I was tired of using next day shipping only for it to take weeks before they even went out. I finally learned that the best option is they'll get here when they get here.
Personally, I think these are beautiful medals. I also like the silver content, low mintage, and price point. I'll be sending these in to our hosts. Those special labels look nice. I'll definitely keep a set and maybe sell one set to cover some of the costs of the medals, if that's still possible by the time the come back from grading.
I have to say the mint has been throwing us a few bones recently with this medal and the reverse proof presidential dollars last year. It's nice to be able to pick up some rare coins/medals without selling my first born child.
Miles and Wondercoin...your insight is always enjoyable to read.
About those comments having to do with the activity on the BST...well, these are the same folks that are getting beaten up with the golden mercury dimes, now selling SP70's for a little over mint issue price. You win some, you lose some. That's the joy of our capitalist system. You buy at what, for you, is fair market value...and you sell at what, for you, is fair market value...or you don't have to engage in the transaction. I understand the frustration, but, in my opinion, it would be prudent to do more research to make an informed decision, than to rely on trusting somebody to put your best interests above their own.
Comments
SEC will help if there is "insider trading"
It sounds like a classic short squeeze by Penn Metals. Who knows if and when the true value of these shake out but IMO the real value will be closer to $50/ea than it is to $150/ea. Sell now for max profit if you haven't already sold.
My 2 cents worth.
Some people sold their box of 4 for less than $200 I believe, and now that they are bringing $500 net of fees (+/- 10%), I believe some people feel ripped off. It's my feeling that a buyer should split the difference with those that pre-sold for $200. This seems to be fair (a common mentality on the forum) considering the responses to the recent "ethical" thread.
That all sounds good that a buyer should "split" when they go up, but do the sellers share in the loss when they drop like a rock right after they were sold?
I ask this because I have sold too low and I have sold and watched them drop later.
I have NEVER asked the buyer for more $$$. I've just sucked it up and realize it's a game and a gamble.
I have also NEVER been asked to give money back if they dropped, as the folks I have sold to are professional and/or men of their word.
So, since you advocate for getting some additional money if you were selling something that turned out "hot" at a lower than going price, I just wonder, ethically, if you would also be willing to give that same buyer some $ back if they dropped right away as well???
And, don't forget that many of these buyers are going to be submitting them. Add in their costs of the submission for each and you will see that, unless they score a 70, and unless there aren't that many of those, and unless prices continue to go up, they aren't getting a buttload of profit.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I'll have to write over to Vanguard and ask them for them to split the difference on the fund I sold today that moved up after I sold it.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I won't expect to be treated fair here by forum members again, no problem. Many feel like you and buyers should get away with whatever they can, I get it. Someone will read this and keep from getting screwed.
"HOW MUCH WILL THESE TOADS COST ME?? PLEASE OFFER.. WEST COAST SUCKER (ME) WAITING TO SPEND SOME MONEY ON THIS CRAPOLA."
After some time with no price, this "sucker" went to $60/coin. There were no other dealers in the entire CCE network I saw with an actual asking price for these medals and only a few dealers at all even asking about the medals. HarborCoin has been mentioned here. I did not see any buy offering from them on these coins on CCE either (and they are a CCE member), but I understand they sent a private mailer to their customers asking to pay $60/coin.
This medal has moved up obviously in the past 24-36 hours since its release. On the other hand, I recall paying folks outside the Denver Mint a couple years back $600 each for their ticket to buy a single Kennedy Gold coin at $1,240. A couple years later, 70FS grade coins are barely worth the $1,240 let alone raw coins worth far less not to mention the $600 added on for the "ticket". I took about a $25,000 loss on buying those $600 tickets (and was lucky it was not more). I spoke to a board member just today who told me he lost $50,000 buying those coins. He also told me he bought these medals from his closest customers and friends for $55/medal and thought that was beyond fair with them at the time. He told me he waited until they rose another $20 each and sold a 250 medal position to another dealer who thought he was overpaying at the time. And, so on and so forth.
As always, just my two cents.
Wondercoin
edited to add ... Jwitten... it is funny you mentioned your Kennedy. I wrote about my experience before I read your post!!
At least that's the case inless it's Ebay, esp. pre-sales. In that case if the price drops the buyer backs out. If the price goes up the seller honors the deal. Hence they make no sense from a seller perspective to me but I digress...
With all due respect, Harbor is a buyer on CCE. In fact, just today, I believe Harbor posted -6- total Sell ads and -11- total Buy ads. Nearly twice the buy ads as compared to the sell ads.
Wondercoin
While those actions may have hurt sales, etc., I don't think anyone who was standing in line up to 12 hours to get a coin could foresee that they would be utterly worthless (from a profit perspective) just a few months later (not to mention two years later now).
Just my two cents.
Wondercoin
A general comment concerning these particular medals...
I personally had no clue what they would be worth two days after their sale, whether they would sell out in 5 minutes or not sell out at all. In fact, I own MacArthur medals I bought from the US Mint a few years back with a mintage of around 10,000 that are worth very little right now as far as I know - very, very little. Which is why I simply asked board members over on the BST Board what they would like as compensation to order medals for me. Some did order for me, some didn't order for me. Some asked for compensation that in retrospect I was foolish not to agree to (but I was not passionate about these medals by any means) and some even asked for very low compensation that I will likely double when I send their check out as a "thank you".
This product did well. Now, as for the -200-+ Gold Mercury Dimes I am sitting on in 70FS Flag and Centennial Labels - one day I may make a few dollars on that very expensive remaining position.
Again, just my two cents.
Wondercoin
We also know who we trust to sell to and buy from on the BST.
And from interactions on this forum we have learned who to avoid.
At some point, these entertaining debates turn into the clubbing of baby seals.
Good grief, seems a ridiculous sell for $15. This was a no brainer, as was the 2011 ase anniv sets. IIRC some sold those for $50 pull per set. If you can't see the home run coming, maybe try soccer.
As far as the kennedys, what's his face with the charter busses and casting calls wreaked havoc on the entire event, along with Munchel's line jumpers it brought the jinx.
I didn't see it this way. Being that these are not coins I really didn't know what to expect. I bought on a whim so as not to be left out if they did well.
On the other hand, the 2011 ASE sets were to me an absolute no brainer. Same with the 2015 W APE and some others.
Everyone on this forum that has been here for a while knows that we've had some real high return salad days from the Mint's "Genrousity"
We also know who we trust to sell to and buy from on the BST.
And from interactions on this forum we have learned who to avoid.
At some point, these entertaining debates turn into the clubbing of baby seals.
Very well stated Miles - per usual.
So why would I ever expect to call foul if I sell a coin on B-S-T and it doubles in two days?
If I decide to do someone a favor, I don't include caveats and disclaimers. It's a favor. Sheesh.
I knew it would happen.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
Box of 20
Liberty medal not mine
Box of 20
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
The website says unlimited mintage, but only 12,500 for this release. It could be used in other sets.
The website says unlimited mintage, but only 12,500 for this release. It could be used in other sets.
Hmmmm....good catch. I would bet that they will include these in a future set. Leave it to the US Mint to ruin a good thing. ;-)
I just added a buyer to my blocked list on ebay. I have my medals at the going rate, and he messaged me complaining that I was price gouging, and all the big dealers took them all so the small guys couldn't get any.
Start them at a dollar, or mint issue price. Then you will see the actual value and "going rate".
I will be fine as long as PCGS does not include this silver medal in any of my registry sets as PR70's will probably be very pricy, at least for quite a while. If it was a coin, I would be very disappointed if I did not eventually get one.
My US Mint Commemorative Medal Set
I didn't know anything about these, but I know if Wondercoin is poking around I should at least take a look.
This stuff is fun and a large part of my collecting history having started this journey in 2001. Around September.
Nothing to do with your browser settings and everything to do with the capabilities of the mint's server(s). I had the same experience. It's been a while since I've been locked out like this. Usually I get through for at least one of whatever is on offer. There are enough of the SLQs being minted that it won't sellout in 5 minutes - more like an hour or two. JMHO.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
And similar-looking silver rounds can be produced privately in unlimited quantities. I'm in for one if the designers do a good job and it doesn't cost too much above melt.
My Adolph A. Weinman signature
Oh boy. I some ways I hate to see this happen and in other ways we all can use it as a learning experience.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
Shirley you can't be serious? Nobody? Let's see, first of the first and perhaps the only, 2 mint marks, 12.5 mintage, low price point, silver proof...you got to be joking with the suggestion nobody would expect 5x. 5 minutes was proof enough.
I have to agree with VanHalen. There was no hype about this product until 11:05 on Tuesday. To the point I was wondering if it was going to be a successful product.
Just look at the start of this thread. There was very little interest. There was more interest in the SLQ, which was to be released three weeks later.
And don't call me Shirley.
(I was going to do this post in jive, but I failed miserably. I need to dig out my copy of Airplane for some instruction...)
The Centennial Gold SLQ:
-- Mintage Limit: 100,000
-- Household Order Limit: 1
Quick sellout? Seems unlikely.
With the high mintage, I bet the flippers stay away -- especially if they've still got a bunch of gold Mercs they're trying to unload.
And based on prelimary pricing from Apmex -- $595 for raw, $625 for 69, $695 for 70 -- I bet the big retailers aren't expecting much aftermarket demand.
I might buy one if the quality & details are better than the Merc. But I don't have high hopes. Definitely wait & see.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
I wonder why the Mint decided that only 12,500 each of these medals was a good idea when 50,000 of the gold coins sold.
Is their market analysis that bad? Or are they jerking their customer base around on purpose?
It seems hard to believe that they would ignore such basic things as collectors' desire for matching sets of the same design.
Sometimes I just have to shake my head and laugh.
Here's the same answer I posted two weeks ago.
The mintage is ridiculously low, 25k across both mints. This is half the gold mintage of 50k. Even though it's not officially a coin, I predict a quick sellout and a nice bump in the aftermarket price.
The mint is notorious for basing mintage on past releases. The last two silver medals they produced was for the TR and FDR coin and chronicles. (The Truman and Ike C&C mintage was based on those as well.)
They are essentially, silver rounds being produced by the mint at $15 over spot.
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
So it is a coin?
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
So it is a coin?
Ask DimeMan
Graded and in stock already!
$660 for a raw set of four, unsealed. Hopefully bodes well for these. Time will tell.
Its a medal, so the same medal and design can be minted anytime in future years except with a different date.
The mint may have minted a low number of this medal on purpose, to shed some popularity on the series if they go forward with continuing producing these in the future.
The question is if they go forward with the series will they keep the same design each year or it will it change. If its a one-off, the appeal may wear off at 25K.
The website says unlimited mintage, but only 12,500 for this release. It could be used in other sets.
Can you provide a link where it says 'for this release'? I do not see anything even close to that. All I see is the 'Product Limit' which is 12,500, and 'Mintage' which is unlimited. As mentioned by another, that is all standard language the US Mint has used for the chronicle sets, etc., and has had speculation before on whether that means more will be minted. So far, they have not. But... this is the US Mint we are talking about, so who knows?
Even if they do mint more later, which I tend to doubt, these 'early release' ones will still be low mintage. Though it remains to be seen whether they hold the price or reduce some, I think they will still hold some value.
It was mentioned that private mints could mint very similar looking silver rounds, since the Liberty Medal is not a coin. IMO they would not effect the price that much for the real Liberty Medal, especially for certified early release, or with original packaging, etc.
Oh boy. I some ways I hate to see this happen and in other ways we all can use it as a learning experience.
Nobody, and mean nobody, had any idea these would be bringing 5X issue price on the "On Sale Date". I still see these medals as a flash in the pan and believe prices have nowhere to go but down in September. Penn Metals et al have been major buyers pushing prices up beyond sensible levels and I'd wager one in OGP can be had for under $100 next year. Just my thoughts....now back to your regular CU Forums enjoyable experience.
Shirley you can't be serious? Nobody? Let's see, first of the first and perhaps the only, 2 mint marks, 12.5 mintage, low price point, silver proof...you got to be joking with the suggestion nobody would expect 5x. 5 minutes was proof enough.
I was talking about before they went on sale. Not after the 5 minute sellout.
Personally, I think these are beautiful medals. I also like the silver content, low mintage, and price point. I'll be sending these in to our hosts. Those special labels look nice. I'll definitely keep a set and maybe sell one set to cover some of the costs of the medals, if that's still possible by the time the come back from grading.
I have to say the mint has been throwing us a few bones recently with this medal and the reverse proof presidential dollars last year. It's nice to be able to pick up some rare coins/medals without selling my first born child.
Miles and Wondercoin...your insight is always enjoyable to read.
About those comments having to do with the activity on the BST...well, these are the same folks that are getting beaten up with the golden mercury dimes, now selling SP70's for a little over mint issue price. You win some, you lose some. That's the joy of our capitalist system. You buy at what, for you, is fair market value...and you sell at what, for you, is fair market value...or you don't have to engage in the transaction. I understand the frustration, but, in my opinion, it would be prudent to do more research to make an informed decision, than to rely on trusting somebody to put your best interests above their own.