2020 S Mint Proof ASE

WQuarterFreddie · October 22, 2020 4:32AM

Back in stock!

BigA · October 22, 2020 4:45AM

Yup...crapload available....duh!

Onastone · October 22, 2020 4:59AM

Yup. Big old red ADD TO BAG is ready again.

WQuarterFreddie · October 22, 2020 5:04AM

Do you think these may be dealer returns? They open, look for PR70 and send back 69 or less?

Onastone · October 22, 2020 5:22AM

@WQuarterFreddie said:
Do you think these may be dealer returns? They open, look for PR70 and send back 69 or less?

Maybe, that is possible, but I thought the mint tightened up their return policy.

MsMorrisine · October 22, 2020 7:23AM

@BigA said:
...and calling a phone rep will get you an "I think" response.....has to be an inquiry by someone like Coin World or similar

i wasn't suggesting calling the 1 800 usa mint number but mint hq

MsMorrisine · October 22, 2020 7:25AM

87 available

MsMorrisine · October 22, 2020 7:44AM

.
.

.
.

Danno44 · October 22, 2020 7:55AM

It’s like the game “whack a mole” 😬

Sweetpie · October 22, 2020 9:39AM

Could this 20EM release be labeled as Mint Error?

Maybe we need to have mint invoice showing it was purchased after the first 200,000 coins sold.

Onastone · October 22, 2020 10:55AM

@Sweetpie said:
Could this 20EM release be labeled as Mint Error?

Maybe we need to have mint invoice showing it was purchased after the first 200,000 coins sold.

These coins have been sold, returned, sold, returned, sold......

TurtleCat · October 22, 2020 11:13AM

And some of them will probably end up in the limited edition proofs.

Electricity · October 22, 2020 2:42PM

If you need one let me know! I bought a few

However for the money I spent you would think the packaging would be a bit more secure.

Who does their shipping?

djm · October 22, 2020 2:46PM

@WQuarterFreddie said:
Do you think these may be dealer returns? They open, look for PR70 and send back 69 or less?

I would think so... I think you would be lucky to get a PR69 from these most will be 68 or less. I heard a couple of dealers stating that the grading results haven't been good.

Mgarmy · October 22, 2020 2:59PM

I have not opened mine, gonna send it this weekend in box and hope for a miracle

WQuarterFreddie · October 23, 2020 4:31AM

Back in stock. 22 available

BigA · October 23, 2020 4:51AM

@Mgarmy said:
I have not opened mine, gonna send it this weekend in box and hope for a miracle

Maybe I'm missing something but why would you send in coins that you haven't inspected? They are FS eligible until the 12th of November

WQuarterFreddie · October 23, 2020 4:57AM

Out of stock

Mgarmy · October 23, 2020 8:51AM

@BigA said:

@Mgarmy said:
I have not opened mine, gonna send it this weekend in box and hope for a miracle

Maybe I'm missing something but why would you send in coins that you haven't inspected? They are FS eligible until the 12th of November

I thought the cutoff for opened packages was earlier than that but if you sent it in in ogp unopened it would qualify for FS/FDOI. Either way, did the math and it is less expensive for me to buy a PF 70 then go through the submittal process so I bought a 70 and will just have an extra. I have a 95w that I am going to send in but not until the usps volume is lowered.

BigA · October 23, 2020 1:12PM

FDOI is a dealer thing....no advantage to send in an unopened box for Joe Normal...and correct about just buying a 70

jrt103 · October 23, 2020 1:50PM

@Mgarmy said:
I am glad this one coming out in Nov is my last one.

last one for 2020 that is

Twobitcollector · October 23, 2020 2:06PM

I had 3 come in yesterday and I wanted to check production/sales....I noticed that they were also sold in lots of 40. Hmmm I wonder what kind of discount they were sold at.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

cagcrisp · October 23, 2020 2:14PM

@Twobitcollector said:
I had 3 come in yesterday and I wanted to check production/sales....I noticed that they were also sold in lots of 40. Hmmm I wonder what kind of discount they were sold at.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

$2920.00.

MsMorrisine · October 23, 2020 2:22PM

@cagcrisp said:

@Twobitcollector said:
I had 3 come in yesterday and I wanted to check production/sales....I noticed that they were also sold in lots of 40. Hmmm I wonder what kind of discount they were sold at.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

$2920.00.

dealers get discounts to retail pricing shown on the site. it is a sliding scale discount based upon dollar volume previously done.

Twobitcollector · October 23, 2020 2:26PM

https://www.usmint.gov/about/production-sales-figures/cumulative-sales said:

@cagcrisp said:

@Twobitcollector said:
I had 3 come in yesterday and I wanted to check production/sales....I noticed that they were also sold in lots of 40. Hmmm I wonder what kind of discount they were sold at.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

$2920.00.

dealers get discounts to retail pricing shown on the site. it is a sliding scale discount based upon dollar volume previously done.

@MsMorrisine

Thanks

cagcrisp · October 23, 2020 7:58PM

@MsMorrisine said:

@cagcrisp said:

@Twobitcollector said:
I had 3 come in yesterday and I wanted to check production/sales....I noticed that they were also sold in lots of 40. Hmmm I wonder what kind of discount they were sold at.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

$2920.00.

dealers get discounts to retail pricing shown on the site. it is a sliding scale discount based upon dollar volume previously done.

The Mint doesn’t allow discounts on ANY product with a published mintage limit. The 2020 S American Silver Eagle Proof is not eligible for a discount. A bulk pack of 40 sells for $2,920.00...

ɹoʇɔǝlloɔ · October 23, 2020 10:07PM

as predicted - they retroactively set the mintage limit to none 🙄🙄🙄🙄🙄🙄🙄

ɹoʇɔǝlloɔ · October 23, 2020 10:08PM

.

WQuarterFreddie · October 24, 2020 3:21AM

@ɹoʇɔǝlloɔ said:
as predicted - they retroactively set the mintage limit to none 🙄🙄🙄🙄🙄🙄🙄

What the heck! How can they do that after the fact? I thought Congress had to approve each coin and mintage limit😤

BigA · October 24, 2020 4:30AM

Well....my order that will arrive soon will be going back. This was probably leaked to dealers and explains the availability every morning...
...also makes me question ANY mintage limits announced....like the Nov 5th WW2 silver and gold....sells well? Just mint more....

WQuarterFreddie · October 24, 2020 4:38AM

Ironically, the day after they change the mintage limit it is unavailable. Also, I read a 10/9 Coin World article on how the Mint isn't offering the 3rd W nickel and have the lowest production of 2020 Uncirculated sets since 1959 in November due to COVID-19 but they can produce more of these?🙄

TurtleCat · October 24, 2020 5:00AM

My guess is they would say the 200K mintage limit was a typo to start with and it probably was. I wonder if the mint set will turn out to be a halfway decent buy instead of a terrible buy this year?

privatecoin · October 24, 2020 7:05AM

@WQuarterFreddie said:
Ironically, the day after they change the mintage limit it is unavailable. Also, I read a 10/9 Coin World article on how the Mint isn't offering the 3rd W nickel and have the lowest production of 2020 Uncirculated sets since 1959 in November due to COVID-19 but they can produce more of these?🙄

Do you have a link to that article? I can't locate it.

Thanks.

WQuarterFreddie · October 24, 2020 7:16AM

@privatecoin said:

@WQuarterFreddie said:
Ironically, the day after they change the mintage limit it is unavailable. Also, I read a 10/9 Coin World article on how the Mint isn't offering the 3rd W nickel and have the lowest production of 2020 Uncirculated sets since 1959 in November due to COVID-19 but they can produce more of these?🙄

Do you have a link to that article? I can't locate it.

Thanks.

https://www.coinworld.com/news/us-coins/2020-uncirculated-mint-set-won-t-contain-2020-w-5-cent-coin

MsMorrisine · October 24, 2020 8:57AM

there was an issue that the mint accidentally oversold. I think i remember that they overproduce to account for unsaleable returns. some of those extras got sold

BigA · October 24, 2020 11:27AM

..and they had none left for the LESPS so mintage limits be gone

Mgarmy · October 24, 2020 12:23PM

I Asked on FB and will post if/when they respond

BigA · October 24, 2020 12:32PM

What did you ask? The limits as indicated on their website are toast for this ASE...they removed them

MsMorrisine · October 24, 2020 12:43PM

product limit is toast -- yet is still 200,000 -- on this as it was passed with the 40 trays sold to bulk.

Mgarmy · October 24, 2020 3:54PM

@BigA said:
What did you ask? The limits as indicated on their website are toast for this ASE...they removed them

I posted the screen capture from before they did the bait and switch. Attempting to create the perception of rarity and then sticking it to those that bought.

WQuarterFreddie · October 24, 2020 5:04PM

@Mgarmy said:

@BigA said:
What did you ask? The limits as indicated on their website are toast for this ASE...they removed them

I posted the screen capture from before they did the bait and switch. Attempting to create the perception of rarity and then sticking it to those that bought.

Nicely done! We need Coin World to investigate!

jmski52 · October 24, 2020 5:11PM

So they call it a product "drop"? Like bread crumbs for the common folk, I guess.

Well at least they aren't overcharging their customer base. /sarc off

MsMorrisine · October 25, 2020 4:47PM

perhaps you can get their attention with one issue and include the product limit & mintage limit issues in there.

you might get their attention with this obvious issue:

Onastone · October 26, 2020 3:45AM

@MsMorrisine said:
perhaps you can get their attention with one issue and include the product limit & mintage limit issues in there.

The Mint still has this posted under their "info banner" Interestingly enough, the info also states that phone orders (due to Covid) are no longer accepted, just online orders. Time to hang up the phone.

WQuarterFreddie · October 26, 2020 4:32AM

Not available this morning

Mgarmy · October 26, 2020 8:07AM

WQuarterFreddie · October 26, 2020 9:38AM

@Mgarmy said:

Wait! What?😅🤣

WQuarterFreddie · October 26, 2020 9:40AM

So....final total is 267,600?

ɹoʇɔǝlloɔ · October 26, 2020 10:01AM

@WQuarterFreddie said:
So....final total is 267,600?

we'll see 👀🎢

TurtleCat · October 26, 2020 10:29AM

Somewhere around there. The explanation makes sense to me as I figured there was a typo or issue in the original listing. It’s a subtle difference and the data entry person may not have realized the implications of a typo.

2020 S Mint Proof ASE

Comments

Leave a Comment

Categories