@JBK said:
It will be interesting to see what happens. I got the array of silver, and the puck put me over the $300 for free upgrade (USPS Priority Mail in my case as I use a PO Box). But, the puck was shown as backordered on my order confirmation when I checked-out.
So, will I get the shipping upgrade on any either half of my order (backlogged and non-backlogged), neither one of which is over $300 on its own? We will see...
Since the order was more than $300, your entire order should be locked into UPS signature ground. Or whatever method they use to a PO Box. So everything in the order should ship that way.
At least that's the way it used to work.
(Your order in your order history should show how the order is supposed to ship...)
You were right. Just got an email that my puckless order was shipped by the upgraded method.
@coinundrum said:
My golds just shipped and scheduled for delivery tomorrow.
You signed up for "overnight" delivery? Didn't see that option. Usually takes at least a day to make their way to a shipper. Then a couple days. Are you a Mint "insider"?
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
@Sweetpie
Thank you for sharing the pix ..... it must be fun working in the Mint Store. Did you get employee discount?
If you do ..... may I be your BFF?
You were right. Just got an email that my puckless order was shipped by the upgraded method.
It sounds like you are some kind of coin-limp here...might need some coinagra.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
@Paradisefound said: @Sweetpie
Thank you for sharing the pix ..... it must be fun working in the Mint Store. Did you get employee discount?
If you do ..... may I be your BFF?
Hey - no cuts in this line. I'm a better BMF!! I raise you with an obviously coveted valuable Apollo clad half - BAM
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
@coinundrum said:
My golds just shipped and scheduled for delivery tomorrow.
You signed up for "overnight" delivery? Didn't see that option. Usually takes at least a day to make their way to a shipper. Then a couple days. Are you a Mint "insider"?
Nope. I just live really close to the distro point. Still wasn't expecting next day delivery for 4.99.
@CCC2010 said:
So a lot of these would possibly not even meet the First Strike cut off date then if shipped after a month from yesterday...
Correct. Of course, since they haven't been minted yet, calling them 1st Strike would be a blatant lie anyway. [Which is why I find the designation silly: if they were all available yesterday, the last strike ever made could be slabbed as "1st strike".]
It would be really interesting to know how many are being shipped now. There could well be a shortage of 70s (based on production) and 1st strike designations (due to the back order). There may be more of a slabbing opportunity than a flipping opportunity.
@coinundrum said:
My golds just shipped and scheduled for delivery tomorrow.
You signed up for "overnight" delivery? Didn't see that option. Usually takes at least a day to make their way to a shipper. Then a couple days. Are you a Mint "insider"?
Overnight was the last option in the drop down menu. Expedited was $17 overnight was $20. I wasn't sure what expedited really means but for an extra $3 overnight is self explanatory. I never paid any extra postage fee before and it always seemed no matter how quick I got my order in my coins came after the peak selling window. This time I spent the extra $16 for overnight and I'll be finding out if it's worth it.
@segoja said:
HHL are off......predict prices will plummet
How many orders do you think get cancelled today?????
Maybe all the flippers
None will get cancelled. The orders go automatically to process, unless hold because of a problem.. Once in process they can't be canceled. Only option is return.
If the April 30 for back ordered is accurate then I will leave my first strike eligible sealed and see where the chips fall.
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
@nurmaler said:
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
@segoja said:
HHL are off......predict prices will plummet
How many orders do you think get cancelled today?????
Maybe all the flippers
None will get cancelled. The orders go automatically to process, unless hold because of a problem.. Once in process they can't be canceled. Only option is return.
And isn't the mint cracking down on excessive returns now? I suspect that the old days of over-ordering and then cancelling or returning when the market goes the other way are a thing of the past (or so they wanted us to believe).
As it stands, as far as I know, the only sell-out was the engraved print! Who saw that coming?
@coinpalice said:
if the gold coins go on backorder soon the first strike labels will be at a premium
Depends on how long the backorder is. These should be easier to strike than the pucks and could be shipped pretty quickly IF they want to start the presses now.
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
Where does this info come from???? Like a link as I did not know it was available to that level of detail the day after.
And isn't the mint cracking down on excessive returns now? I suspect that the old days of over-ordering and then cancelling or returning when the market goes the other way are a thing of the past (or so they wanted us to believe).
As it stands, as far as I know, the only sell-out was the engraved print! Who saw that coming?
The Mint is supposed to be cracking down on returns. But it's unclear what the penalty is or whether anyone cares. Unless you charge a restocking fee, who cares if the Mint dings you a little in their database? Especially if someone (like me) has multiple Mint accounts anyway.
@segoja said:
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
Where does this info come from???? Like a link as I did not know it was available to that level of detail the day after.
There's no link. Nurmaler is a bulk buyer and can see more than we can.
@segoja said:
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
Where does this info come from???? Like a link as I did not know it was available to that level of detail the day after.
I am very curious as to where the info comes from as well. Being a bulk buyer gives you all that added info?
I still think there is some possibilities for SOME of these coins.
I'm not a big believer in the gold: too big a price entry point. [Though I bought 3 of each.]
The pucks have a high mintage but a lower entry point. They MAY(?) appeal as several firsts numismatically. I think the bigger possibility here may be in slabbing. If 70s are scarce or First Strike eligible shipments relatively small.
The Kennedy $1/2 is another first in a popular series. First enhanced reverse proof coin ever. The price point bugs me at $54, but the mintage at 100k is reasonably modest IF Kennedy collectors all want it.
So who is paying premiums??? You can buy all you want from the mint.....my point is what ever little flipper premium was there yesterday is gone today since you can buy up to your credit limit on what ever option you want.
Even if the coins sell out, the huge mintages...and they are absolutely huge, will not help the market absorb all the material.
The only recent mintage that is anywhere near these numbers was the baseball gold, and please tell me what premium those have now???? not much if any.
I predict the aftermarket in short order will be well below the mints issue price, as is virtually the case on all mint issued products. Yes there are exceptions, but they are far and few between.
@segoja said:
So who is paying premiums??? You can buy all you want from the mint.....my point is what ever little flipper premium was there yesterday is gone today since you can buy up to your credit limit on what ever option you want.
Even if the coins sell out, the huge mintages...and they are absolutely huge, will not help the market absorb all the material.
The only recent mintage that is anywhere near these numbers was the baseball gold, and please tell me what premium those have now???? not much if any.
I predict the aftermarket in short order will be well below the mints issue price, as is virtually the case on all mint issued products. Yes there are exceptions, but they are far and few between.
Everyone is paying the "premium", it's built into the issue price.
The only coins that any dealers were offering money for were the pucks at about $20 each over issue. But I'm not sure how many offers were made. You are correct that I doubt anyone is paying $20 over right now - although they might if they want them in hand before April.
@segoja said:
So who is paying premiums??? You can buy all you want from the mint.....my point is what ever little flipper premium was there yesterday is gone today since you can buy up to your credit limit on what ever option you want.
Even if the coins sell out, the huge mintages...and they are absolutely huge, will not help the market absorb all the material.
The only recent mintage that is anywhere near these numbers was the baseball gold, and please tell me what premium those have now???? not much if any.
I predict the aftermarket in short order will be well below the mints issue price, as is virtually the case on all mint issued products. Yes there are exceptions, but they are far and few between.
Who you trying to convince aren't you a modern guy?
@segoja said:
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
Where does this info come from???? Like a link as I did not know it was available to that level of detail the day after.
I am very curious as to where the info comes from as well. Being a bulk buyer gives you all that added info?
Is the uncirc more popular than the proof gold?
Since bulk buyers buy thousands of coins, they can enter thousands into the order form which shows them if their order can't be placed. It works the same for us, but we can't place orders for more than 100 coins at a time, so we can only see how many are left (in your cart) when there are less than 100 left. The bulk buyers can (apparently) place orders for up to 20,000 coins at a time which is why Nurmaler can see that there is more than 20k for some and exact numbers for the under 20k gold coins.
"the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs)."
(updated from 2-3k)
there are ~1200 more Unc's in stock, but it looks like another 5k afterwards that will be available on backorder.
there are ~1800 more proofs in stock, but it looks like another 15k afterwards that will be available on backorder.
No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc.
No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc.
Based on Nurmaler's numbers, it seems like the UNCs had more orders.
No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc.
Based on Nurmaler's numbers, it seems like the UNCs had more orders.
I am not saying it isn't true, but that would really surprise me. It will be interesting to see the final mintages.
@segoja said:
So who is paying premiums??? You can buy all you want from the mint.....my point is what ever little flipper premium was there yesterday is gone today since you can buy up to your credit limit on what ever option you want.
Even if the coins sell out, the huge mintages...and they are absolutely huge, will not help the market absorb all the material.
The only recent mintage that is anywhere near these numbers was the baseball gold, and please tell me what premium those have now???? not much if any.
I predict the aftermarket in short order will be well below the mints issue price, as is virtually the case on all mint issued products. Yes there are exceptions, but they are far and few between.
Who you trying to convince aren't you a modern guy?
Just stating facts Yes we do moderns, but the majority of our business is traditional coinage. We have never made a market in the modern commems. Same goes for Spouses, etc. We do buy and sell these as coins are offered.
No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc.
Based on Nurmaler's numbers, it seems like the UNCs had more orders.
no, what JBK said is right....
"No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc."
Comments
You were right. Just got an email that my puckless order was shipped by the upgraded method.
You signed up for "overnight" delivery? Didn't see that option. Usually takes at least a day to make their way to a shipper. Then a couple days. Are you a Mint "insider"?
My earlier side picture may be a bit misleading. Here's a better shot right side up showing 1 of the 3 tabs holding this "bowl" in place.
@Sweetpie
Thank you for sharing the pix ..... it must be fun working in the Mint Store. Did you get employee discount?
If you do ..... may I be your BFF?
It sounds like you are some kind of coin-limp here...might need some coinagra.
Hey - no cuts in this line. I'm a better BMF!! I raise you with an obviously coveted valuable Apollo clad half - BAM
Nope. I just live really close to the distro point. Still wasn't expecting next day delivery for 4.99.
Thanks @Sweetpie for that close-up. BTW, all your posted pics are great!
When will the Backordered shipment expected to be shipped?
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
Any time between now and May 1st.
So a lot of these would possibly not even meet the First Strike cut off date then if shipped after a month from yesterday...
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
I ordered 5 pucks and both versions of gold. The Mint is sending me 3 separate UPS boxes? Why?
Don't quote me on that.
Correct. Of course, since they haven't been minted yet, calling them 1st Strike would be a blatant lie anyway. [Which is why I find the designation silly: if they were all available yesterday, the last strike ever made could be slabbed as "1st strike".]
It would be really interesting to know how many are being shipped now. There could well be a shortage of 70s (based on production) and 1st strike designations (due to the back order). There may be more of a slabbing opportunity than a flipping opportunity.
Overnight was the last option in the drop down menu. Expedited was $17 overnight was $20. I wasn't sure what expedited really means but for an extra $3 overnight is self explanatory. I never paid any extra postage fee before and it always seemed no matter how quick I got my order in my coins came after the peak selling window. This time I spent the extra $16 for overnight and I'll be finding out if it's worth it.
looks like the Apollo gold coins are worth a few dollars more now that gold is up over 19 dollars per ounce this morning
LOL. Actually, they are worth exactly the same. The premium, however, has shrunk!
Let's see if a few big companies can sell us out on something.
mcm likes the modern stuff, maybe they load up when the hh limit comes off
HHL are off......predict prices will plummet
How many orders do you think get cancelled today?????
Maybe all the flippers
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
None will get cancelled. The orders go automatically to process, unless hold because of a problem.. Once in process they can't be canceled. Only option is return.
If the April 30 for back ordered is accurate then I will leave my first strike eligible sealed and see where the chips fall.
What prices? They are still at issue price. The prices will remain the same.
In fact, if gold stays up through Wednesday, the gold coin price will go up.
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
So you can't cancel backorders???? Not sure about that
Bet much of this gets returned if it can't get cancelled....but I'm not sure orders can't be cancelled.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
thanks! Great information
And isn't the mint cracking down on excessive returns now? I suspect that the old days of over-ordering and then cancelling or returning when the market goes the other way are a thing of the past (or so they wanted us to believe).
As it stands, as far as I know, the only sell-out was the engraved print! Who saw that coming?
if the gold coins go on backorder soon the first strike labels will be at a premium
Maybe backorders can be returned. I'm certain process can not
Depends on how long the backorder is. These should be easier to strike than the pucks and could be shipped pretty quickly IF they want to start the presses now.
this is not true.
some processing can, depends if the order already got a tracking number. many processing orders can be canceled.
There's >20k of the 5oz Silver, >20k of the Clad Half Dollar sets, the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs).
Where does this info come from???? Like a link as I did not know it was available to that level of detail the day after.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
The Mint is supposed to be cracking down on returns. But it's unclear what the penalty is or whether anyone cares. Unless you charge a restocking fee, who cares if the Mint dings you a little in their database? Especially if someone (like me) has multiple Mint accounts anyway.
And, for what it's worth: I bought only to sell. I am canceling/returning nothing and may even place another order.
There's no link. Nurmaler is a bulk buyer and can see more than we can.
I am very curious as to where the info comes from as well. Being a bulk buyer gives you all that added info?
Is the uncirc more popular than the proof gold?
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
I still think there is some possibilities for SOME of these coins.
I'm not a big believer in the gold: too big a price entry point. [Though I bought 3 of each.]
The pucks have a high mintage but a lower entry point. They MAY(?) appeal as several firsts numismatically. I think the bigger possibility here may be in slabbing. If 70s are scarce or First Strike eligible shipments relatively small.
The Kennedy $1/2 is another first in a popular series. First enhanced reverse proof coin ever. The price point bugs me at $54, but the mintage at 100k is reasonably modest IF Kennedy collectors all want it.
So who is paying premiums??? You can buy all you want from the mint.....my point is what ever little flipper premium was there yesterday is gone today since you can buy up to your credit limit on what ever option you want.
Even if the coins sell out, the huge mintages...and they are absolutely huge, will not help the market absorb all the material.
The only recent mintage that is anywhere near these numbers was the baseball gold, and please tell me what premium those have now???? not much if any.
I predict the aftermarket in short order will be well below the mints issue price, as is virtually the case on all mint issued products. Yes there are exceptions, but they are far and few between.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Everyone is paying the "premium", it's built into the issue price.
The only coins that any dealers were offering money for were the pucks at about $20 each over issue. But I'm not sure how many offers were made. You are correct that I doubt anyone is paying $20 over right now - although they might if they want them in hand before April.
https://ebay.com/itm/3-PIECE-LOT-2014W-NATIONAL-BASEBALL-HALL-OF-FAME-5-GOLD-COIN-UNC-BOXES-AND-COA/372560068978?hash=item56be4f8172:g:vNUAAOSwXAxcMsV0
Who you trying to convince aren't you a modern guy?
Since bulk buyers buy thousands of coins, they can enter thousands into the order form which shows them if their order can't be placed. It works the same for us, but we can't place orders for more than 100 coins at a time, so we can only see how many are left (in your cart) when there are less than 100 left. The bulk buyers can (apparently) place orders for up to 20,000 coins at a time which is why Nurmaler can see that there is more than 20k for some and exact numbers for the under 20k gold coins.
3 graded 70 Apollo golds just sold for 900. there is money to be made if you grade them
https://www.ebay.com/itm/2019-W-5-Apollo-11-Gold-Coin-50th-Anniversary-PF70-NGC-Early-Releases-Vickers/392222479073?hash=item5b524812e1:g:BiEAAOSwWz5cSiuI
Gah!
Not grading, not flipping, still waiting for stuff to ship...
I haven't been this impatient in a long time...
I just ordered a Jefferson medal.
USM063865xx.
So if the earliest reported order was 6300xxx from yesterday, then there's been some 86K orders? Seems reasonable...
what does this mean ?
"the Gold's only have 2-3k before they go on backorder, but plenty after (another 5k unc, and another 15k proofs)."
ok, i get it. still 20K total available....kind of a lot to go, i think.
(updated from 2-3k)
there are ~1200 more Unc's in stock, but it looks like another 5k afterwards that will be available on backorder.
there are ~1800 more proofs in stock, but it looks like another 15k afterwards that will be available on backorder.
No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc.
Based on Nurmaler's numbers, it seems like the UNCs had more orders.
I am not saying it isn't true, but that would really surprise me. It will be interesting to see the final mintages.
Just stating facts Yes we do moderns, but the majority of our business is traditional coinage. We have never made a market in the modern commems. Same goes for Spouses, etc. We do buy and sell these as coins are offered.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
no, what JBK said is right....
"No, proof will be more popular. The 50K mintage is split between unc and proof. They need to estimate demand at some point as they work out how many of each to mint. My guess is very roughly about 2-1 proof to unc."
My single puck order just flipped from "backorder" to "processing"...
This is my USM063198xx order @ 12:08.