Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
@Samuel8 said:
"Xxxxxxxxx Coins is no longer purchasing:
American Liberty 2021High Relief
Gold Coin
If you submitted your request prior to 1:30 PM EDT we will still process your Purchase Order Request.
......"
Man would that SUCK if u bought the coin and hadn't submitted yet
If you do not get your confirmation email quickly you're really in a bind. On the one hand, you want to let them know you purchased the coin early in case they rescind the offer. On the other hand they specifically say to only send one email. So, you really have to wait until you have an order confirmation to send them the email letting them know that you purchased the coin.
Compounding this problem is the fact that several people such as myself never got the usual order number after processing. Instead, it was only clear that the order went through when you tried again and it said household limit reached but you still didn't have an order number. The last thing anyone wants is to be holding a coin that is this expensive then having to pay the postage to return it to the mint and wait months for the refund.
With issues like this maybe it really isn't worth a 100 bucks!
@CXD said:
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
& if your order gets cancelled after order acknowledgement and before an order confirmation from the mint what then. I believe by accepting the purchase order from Pinehurst they expect you to fulfill the order within 14 days. & you are requesting/ accepting the purchase order when you send that email with your name, phone, address & order number.
@HoneyMarket said:
We have had this discussion before about "Add to Bag" and the "Backorder" button.
Besides the many "opinions" of what these two terms mean (or does not mean)...has anyone actually received a definitive explanation from the Mint of what exactly these terms mean?
[...]
My take:
Based on these screenshots from the Mint website ....
@coinpalice said:
there is still risk, like the coin gets lost in the mail, and 150 dollars is not worth the time involved
If it gets lost its obviously insured. However, the hassle involved is definitely not worth it. That said, I've never had registered get lost. There is risk to everything. All things considered, to me it seems an easy hundred for 20 min work - not even counting the CC rewards.
As long as you locked in Pinehurst BEFORE you buy.
The thing here is that there was no way to lock your order in before you had in order number so there was definitely some risk here
@CXD said:
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
There is most definitely no need to wait for confirmation emails. This new twist where you can end up placing an order but not seeing an order number (has this occurred before?) after processing is what makes this more risky than I had anticipated.
@CXD said:
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
& if your order gets cancelled after order acknowledgement and before an order confirmation from the mint what then. I believe by accepting the purchase order from Pinehurst they expect you to fulfill the order within 14 days. & you are requesting/ accepting the purchase order when you send that email with your name, phone, address & order number.
I don't think it's a big deal. If something happens and the mint doesn't deliver then I call them and explain the situation. Yes they have all my info as I have an account and I am a customer....what would they do? Turn me away as a customer. BYW in the last 10 days purchased 5oz Pt and 100g gold bar from them- I guess they can "cancel" me but I doubt it. Actually, I have found them to be reasonable when speaking over the phone, etc.
@CXD said:
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
There is most definitely no need to wait for confirmation emails. This new twist where you can end up placing an order but not seeing an order number (has this occurred before?) after processing is what makes this more risky than I had anticipated.
Yes, today the first emails with order #'s came fast - but we know the US Mint screws up alot - but that's why most dealers with this type of offer would understand. There is a probability that the mint screw's this up with shipping or timing etc. We are not in the "backorder" group but I really don't trust that operation. Worst case just cancel, keep or send back....
@CXD said:
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
& if your order gets cancelled after order acknowledgement and before an order confirmation from the mint what then. I believe by accepting the purchase order from Pinehurst they expect you to fulfill the order within 14 days. & you are requesting/ accepting the purchase order when you send that email with your name, phone, address & order number.
I don't think it's a big deal. If something happens and the mint doesn't deliver then I call them and explain the situation. Yes they have all my info as I have an account and I am a customer....what would they do? Turn me away as a customer. BYW in the last 10 days purchased 5oz Pt and 100g gold bar from them- I guess they can "cancel" me but I doubt it. Actually, I have found them to be reasonable when speaking over the phone, etc.
You don't think it's a big deal. Maybe it is maybe it isn't. I would not want to find out. I have seen what they send when you lock in a buy price with them. I would not want to mess with it.
Oh, and try to call them. Bet all you can reach is sales. No "trader", no receiving, and no operations.
as a buyer i would never place a bid on the no reserve auction, the seller has sold only 7 things in the past 5 years, the last thing he sold he hasn't even delivered, the buyer left him positive feedback for a cc Morgan that hasn't even been delivered yet which seems real odd. his auction looks real newby like, very vague with no idea of shipping time or anything. what happens if this person has a November shipment? the auction blows up
@HoneyMarket said:
We have had this discussion before about "Add to Bag" and the "Backorder" button.
Besides the many "opinions" of what these two terms mean (or does not mean)...has anyone actually received a definitive explanation from the Mint of what exactly these terms mean?
As a common man - I see a limit of # of coins that will be distributed (I think 12,500 in this case) with this sale.
To me...that says that only 12,500 coins will be manufactured and sold. Once 12,500 are added to the "Bag" (including pre-sales to the big guys)...it should just go to "Not Available" and only come back up as available to add to Bag when someone cancels their order (prior to shipping) or credit cards are declined, etc...
I know that there are other things I'm not thinking about...as there is always unique things going on behind the scenes...but I just can't wrap my head around this backorder thing - especially when we're talking about something that should be available for sale/shipping - not these - "will ship in Oct/Nov" sales.
Backorder means they still haven't sold 12,500 of them but they have sold all the ones they have in inventory. There is no mystery to this.
Where are the ones that they don't have in inventory? Have they made them yet?
Are you saying (which you did not say but I infer) that they only made so many (ex. 2,000) coins, with an authorization to make up to 12,500.
...And therefore any sales over 2,000 (my hypothetical manufactured number) would be backordered - and the mint will just fire up the presses to press out more, up to their 12,500 max?
EDIT:
It looks Like I typed this up before seeing MetroD's explanation below...
@HoneyMarket said:
We have had this discussion before about "Add to Bag" and the "Backorder" button.
Besides the many "opinions" of what these two terms mean (or does not mean)...has anyone actually received a definitive explanation from the Mint of what exactly these terms mean?
[...]
My take:
Based on these screenshots from the Mint website ....
Thank-you
This is a great explanation based upon valid Mint screenshots!
@HoneyMarket said:
We have had this discussion before about "Add to Bag" and the "Backorder" button.
Besides the many "opinions" of what these two terms mean (or does not mean)...has anyone actually received a definitive explanation from the Mint of what exactly these terms mean?
As a common man - I see a limit of # of coins that will be distributed (I think 12,500 in this case) with this sale.
To me...that says that only 12,500 coins will be manufactured and sold. Once 12,500 are added to the "Bag" (including pre-sales to the big guys)...it should just go to "Not Available" and only come back up as available to add to Bag when someone cancels their order (prior to shipping) or credit cards are declined, etc...
I know that there are other things I'm not thinking about...as there is always unique things going on behind the scenes...but I just can't wrap my head around this backorder thing - especially when we're talking about something that should be available for sale/shipping - not these - "will ship in Oct/Nov" sales.
Backorder means they still haven't sold 12,500 of them but they have sold all the ones they have in inventory. There is no mystery to this.
Where are the ones that they don't have in inventory? Have they made them yet?
Are you saying (which you did not say but I infer) that they only made so many (ex. 2,000) coins, with an authorization to make up to 12,500.
...And therefore any sales over 2,000 (my hypothetical manufactured number) would be backordered - and the mint will just fire up the presses to press out more, up to their 12,500 max?
EDIT:
It looks Like I typed this up before seeing MetroD's explanation below...
There are multiple options. Sometimes they haven't struck the coins. Sometimes they don't have the packaging available yet. Sometimes they need more blanks. Etc.
It doesn't really matter "why". At least to me. If Walmart had my vacuum cleaner on backorder, I really don't spend a lot of time wondering why.
@CoinMeister said:
This turned into an episode of “Flipping Gone Bad”.
Not really. Experienced flippers were nowhere near this unless presold to Pinehurst. The shenanigans this year have a lot of newbies convinced that you can flip all mint products. Sometimes you will go a year or more with nothing worth flipping.
[Although continuing Mint shenanigans may continue to encourage flippers, at least until they put a 20% return fee in place. ]
The USM is creating their own nightmare yet to be played out in Oct/Nov of this year when they try to start charging multiple backordered items in quick succession. Declined Cc’s, etc will ensue. It’s gonna be a clusterf$$k
This new twist where you can end up placing an order but not seeing an order number (has this occurred before?) after processing is what makes this more risky than I had anticipated.
Yes. I've seen this occur lately. And to make matters worse, they shut down your ORDER HISTORY so you really can't double check status...
@jmlanzaf said:
...If Walmart had my vacuum cleaner on backorder, I really don't spend a lot of time wondering why.
A backorder, with a retailer such as Walmart, who has to wait for the item to be manufactured overseas, shipped to the US, trucked to a warehouse, etc...is understandable to me - true....nothing to wonder about there. Sorta Like Freight Forwarding.
I guess I was just thinking that the Mint produces coins/medals (based upon a set amount), warehouses them...and then ships them when they go on sale/sold. Those that don't sell, at some point get melted down for another coin/medal?
I didn't realize that the Mint actually does not produce the full amount they're authorized...thus the backorder status once sales go over the amount they produced - minus the number they had on hand to start with.
@jmlanzaf said:
...If Walmart had my vacuum cleaner on backorder, I really don't spend a lot of time wondering why.
A backorder, with a retailer such as Walmart, who has to wait for the item to be manufactured overseas, shipped to the US, trucked to a warehouse, etc...is understandable to me - true....nothing to wonder about there. Sorta Like Freight Forwarding.
I guess I was just thinking that the Mint produces coins/medals (based upon a set amount), warehouses them...and then ships them when they go on sale/sold. Those that don't sell, at some point get melted down for another coin/medal?
I didn't realize that the Mint actually does not produce the full amount they're authorized...thus the backorder status once sales go over the amount they produced - minus the number they had on hand to start with.
There's 100 reasons that Walmart might have a backorder also.
@Coinnmore said:
Ohhh thanks then I am going to buy one and then send Pinehurst a email that I want to send them the coin so I can Flip it and make a few EASY BUCKS! 😜
Don't forget to check with PFS Buyers Club too...they might be paying more!
You could work them against each other for a higher price!
@jmlanzaf said:
You may have to cancel that order.
I hear it's very easy to cancel an order
...just hit 1 (like you're going to place an order) when calling the Mint...and tell em' you want to cancel an order - they have such nice phone order people I hear!
Comments
Maybe the mint should’ve minted a coin… Based upon this GIF… With the words MINT FLIPPERS
BST references available on request
The timex release it keeps on ticking and ticking still available
🎶 shout shout, let it all out 🎶
How stupid is that???? WHY would they have a system where one would ever have to do thus more than once?
You MIGHT get away with that once.
I’d blacklist anyone doing that with me
Pinehurst sent me the invoice for two coins at 3:20pm. When the first acknowledgement emails came I sent the order #'s to them at 12:40ish..... No need to wait on confirmation emails etc.
Man would that SUCK if u bought the coin and hadn't submitted yet
If you do not get your confirmation email quickly you're really in a bind. On the one hand, you want to let them know you purchased the coin early in case they rescind the offer. On the other hand they specifically say to only send one email. So, you really have to wait until you have an order confirmation to send them the email letting them know that you purchased the coin.
Compounding this problem is the fact that several people such as myself never got the usual order number after processing. Instead, it was only clear that the order went through when you tried again and it said household limit reached but you still didn't have an order number. The last thing anyone wants is to be holding a coin that is this expensive then having to pay the postage to return it to the mint and wait months for the refund.
With issues like this maybe it really isn't worth a 100 bucks!
Flip has its risks
& if your order gets cancelled after order acknowledgement and before an order confirmation from the mint what then. I believe by accepting the purchase order from Pinehurst they expect you to fulfill the order within 14 days. & you are requesting/ accepting the purchase order when you send that email with your name, phone, address & order number.
Yup. People seem to have forgotten that.
Frankly, would suck to buy the coin and sell to Pinhurst for the tiny profit they offered.
My take:
Based on these screenshots from the Mint website ....
I did get one….looking forward to getting it.
Better than buying the coin and selling it two years from now for $500 less than you paid.
The thing here is that there was no way to lock your order in before you had in order number so there was definitely some risk here
99 cent start to watch: https://www.ebay.com/itm/403086199298
There is most definitely no need to wait for confirmation emails. This new twist where you can end up placing an order but not seeing an order number (has this occurred before?) after processing is what makes this more risky than I had anticipated.
I don't think it's a big deal. If something happens and the mint doesn't deliver then I call them and explain the situation. Yes they have all my info as I have an account and I am a customer....what would they do? Turn me away as a customer. BYW in the last 10 days purchased 5oz Pt and 100g gold bar from them- I guess they can "cancel" me but I doubt it. Actually, I have found them to be reasonable when speaking over the phone, etc.
I would expect them to ask for enough info to see that the Mint did not deliver.
otherwise, it would be easy to cancel on them for a hot issue so someone could sell for more on ebay
Yes, today the first emails with order #'s came fast - but we know the US Mint screws up alot - but that's why most dealers with this type of offer would understand. There is a probability that the mint screw's this up with shipping or timing etc. We are not in the "backorder" group but I really don't trust that operation. Worst case just cancel, keep or send back....
You don't think it's a big deal. Maybe it is maybe it isn't. I would not want to find out. I have seen what they send when you lock in a buy price with them. I would not want to mess with it.
Oh, and try to call them. Bet all you can reach is sales. No "trader", no receiving, and no operations.
Per "my friend", It was very easy to cancel over the phone.
The order instantly showed up as Cancelled under the Order History with a follow-up e-mail cancellation.
BST references available on request
as a buyer i would never place a bid on the no reserve auction, the seller has sold only 7 things in the past 5 years, the last thing he sold he hasn't even delivered, the buyer left him positive feedback for a cc Morgan that hasn't even been delivered yet which seems real odd. his auction looks real newby like, very vague with no idea of shipping time or anything. what happens if this person has a November shipment? the auction blows up
This turned into an episode of “Flipping Gone Bad”.
Where are the ones that they don't have in inventory? Have they made them yet?
Are you saying (which you did not say but I infer) that they only made so many (ex. 2,000) coins, with an authorization to make up to 12,500.
...And therefore any sales over 2,000 (my hypothetical manufactured number) would be backordered - and the mint will just fire up the presses to press out more, up to their 12,500 max?
EDIT:
It looks Like I typed this up before seeing MetroD's explanation below...
BST references available on request
Thank-you
This is a great explanation based upon valid Mint screenshots!
BST references available on request
There are multiple options. Sometimes they haven't struck the coins. Sometimes they don't have the packaging available yet. Sometimes they need more blanks. Etc.
It doesn't really matter "why". At least to me. If Walmart had my vacuum cleaner on backorder, I really don't spend a lot of time wondering why.
Love the pony express wild pony......which I look at it as......was lucky to get one........good luck.
Not really. Experienced flippers were nowhere near this unless presold to Pinehurst. The shenanigans this year have a lot of newbies convinced that you can flip all mint products. Sometimes you will go a year or more with nothing worth flipping.
[Although continuing Mint shenanigans may continue to encourage flippers, at least until they put a 20% return fee in place. ]
We hope your friend learned their lesson.
There may be a lot more lessons learned in October, hopefully not at taxpayer expense.
The USM is creating their own nightmare yet to be played out in Oct/Nov of this year when they try to start charging multiple backordered items in quick succession. Declined Cc’s, etc will ensue. It’s gonna be a clusterf$$k
This new twist where you can end up placing an order but not seeing an order number (has this occurred before?) after processing is what makes this more risky than I had anticipated.
Yes. I've seen this occur lately. And to make matters worse, they shut down your ORDER HISTORY so you really can't double check status...
The mint will be installing new buttons: BAGORDER and ADD BACK
Our Forum will be installing new Are You Human checks every time you want to make a comment.
A backorder, with a retailer such as Walmart, who has to wait for the item to be manufactured overseas, shipped to the US, trucked to a warehouse, etc...is understandable to me - true....nothing to wonder about there. Sorta Like Freight Forwarding.
I guess I was just thinking that the Mint produces coins/medals (based upon a set amount), warehouses them...and then ships them when they go on sale/sold. Those that don't sell, at some point get melted down for another coin/medal?
I didn't realize that the Mint actually does not produce the full amount they're authorized...thus the backorder status once sales go over the amount they produced - minus the number they had on hand to start with.
BST references available on request
I am very happy for you just a spectacular outcome. Even the mint can have a “every dog has his day “ moment and get it right Congratulations 🤓🙀🥳
🎶 shout shout, let it all out 🎶
Ah, but my friend has a LOT of "locked in" prices from buyers for Oct!
BST references available on request
Up to $2700.00 man that seller is making a killing!!!! Wish I would of bought one for a Quick FLIP!!!!! How long did it take to sell out?🧐
They better be locked with someone reputable. There may be a lot of broken locks coming up.
Lol.
There's 100 reasons that Walmart might have a backorder also.
Up to $2725 now... At least he covered his shipping costs!
Now 4 days, 20 hours to overcome the eBay fee's and his own shipping/insurance costs...and it's all profit!!!
I'll bet the 1st 18 bids were from those trying to get it below Mint cost!
BST references available on request
Please look at the previous 15-20 comments and your questions will be answered It’s available right now backorder since 15 minutes after release 🥸
🎶 shout shout, let it all out 🎶
Ohhh thanks then I am going to buy one and then send Pinehurst a email that I want to send them the coin so I can Flip it and make a few EASY BUCKS! 😜
This is gonna be the easiest money I have ever maid! Thank you Pinehurst!
Absolutely we are all going to Jet somewhere nice and show and tell our coins. Weeeeee 🤪
🎶 shout shout, let it all out 🎶
Don't forget to check with PFS Buyers Club too...they might be paying more!
You could work them against each other for a higher price!
BST references available on request
Done!
US Mint
Order Summary
Order Placed: 08/19/21
Order Status: Backordered
Order Number: USM11#######
Weeeee!!!!!!😜😜😜
Any body got Pinehurst email address? 🤒
Congratulations 🎊
🎶 shout shout, let it all out 🎶
Pinehurst is not taking new orders after 1:30 p.m., are they?
You may have to cancel that order.
I think were in the middle of a humor segment. At least I hope. Go up half dozen posts 🥸
🎶 shout shout, let it all out 🎶
I hear it's very easy to cancel an order
...just hit 1 (like you're going to place an order) when calling the Mint...and tell em' you want to cancel an order - they have such nice phone order people I hear!
BST references available on request