@cheezhed said:
I still don't understand how an "unlimited" mintage item is sold out.
Unlimited means if they have enough silver planchets and enough time to keep producing them they would keep selling all year as long as people are still buying them. It does not mean a bottomless pit of coins will be available.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@HATTRICK said:
I assume the W will not go on sale at the 12:00 time on April 14. Any remaining coins that become available may pop up any time. Time to go for the Congratulations set on the 14th. Good Luck with early morning fishing!
Likely will still gone on sale except noted as back ordered with a remind me button. I'm still undecided on my 100 coin allotment reservation. If anyone wants my enrollment, PM me an offer that I can't refuse.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
@cheezhed said:
I still don't understand how an "unlimited" mintage item is sold out.
Unlimited mintage means no limit to what they can strike.
Sold out means they have sold all that they have already struck. There could be a planchet problem for further inventory or they may elect to strike more later. The ASEs already sold are already on the shelf.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
Specifically looking at congratulations set collectors and limited edition set collectors. They put the designation on the slabs.
30,000 is not many. Plus the congratulations set collectors know last year they put the type 1 reverse in it. This is a key for them.
We’ll see. I definitely think the mint site is going to crash very quickly and then the release becomes spotty as to when they become available. 😉🙀🦫🎣
I am glad I have not been bitten by the American Silver Eagle bug. I was close once, but lost interest early on. Four type coins, Proof and Unc., of the two designs are good enough for me.
If a private dealer was playing these games, the collectors would ignore him or her, and that dealer would either shape up or go on the hungry line. Since the mint has a monopoly, they don’t have to shape up. They can charge monopoly prices.
All I want is a 2022 silver Proof set. Those sets have never been popular, and now that the Mint over charges for them (Last year three less silver coins, same price.), I should be able to buy one for too much money. Or perhaps not. They might all be “subscribed.”
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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I still have a pending order for the S mint proof type 2 ASE from last year. I'm sure they meant to cancel it but alas, it still lives on as "in process" on my order page.
@edgar said:
I stand corrected! There has got to be a sourcing shortage!.
or room for inclusion in later packaging this year. W & S proof set? three coin set with the W unc.?
Kinda hate to disagree with you, but seriously, they can’t get enough “blanks” for what they already want to produce 😂.
4- months into 22 , nah , their in enough trouble 😉🙀🦫
( actually, it was beaver who really objected but he can’t type 🦫 )
@liefgold said:
I cannot imagine there being any market for the flippers on these. The enrollments have made large quantities easy to get.
Agree, look for enrollment quantities to be reduced by buyers during the two-day prior to sale opportunity. This should free some up to be available day of the sale. Those wanting one should place their order even if it says "backordered." I'm pretty sure, still undecided, that I will cancel my 100 coin enrollment before the deadline.
This is the easiest flip in history. People need to look at the market before saying these things. Dealer WHOLESALE on ALL proof silver eagles is currently $83.
@edgar said:
I stand corrected! There has got to be a sourcing shortage!.
or room for inclusion in later packaging this year. W & S proof set? three coin set with the W unc.?
Kinda hate to disagree with you, but seriously, they can’t get enough “blanks” for what they already want to produce 😂.
4- months into 22 , nah , their in enough trouble 😉🙀🦫
( actually, it was beaver who really objected but he can’t type 🦫 )
They just minted over 500K W proofs and continue to spit out silver bullion coins with no apparent delays. At this point I'd say they are experiencing no shortage of planchets. I do however expect this to change. Keep in mind that the cancelled Peace and Morgan dollars require specially sized silver planchets. The mint is dependent on outside sources for all silver planchets who in fact may be having their own production supply chain delays.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
@liefgold said:
I cannot imagine there being any market for the flippers on these. The enrollments have made large quantities easy to get.
Agree, look for enrollment quantities to be reduced by buyers during the two-day prior to sale opportunity. This should free some up to be available day of the sale. Those wanting one should place their order even if it says "backordered." I'm pretty sure, still undecided, that I will cancel my 100 coin enrollment before the deadline.
This is the easiest flip in history. People need to look at the market before saying these things. Dealer WHOLESALE on ALL proof silver eagles is currently $83.
The Mint has priced these too cheaply at $73.
And I can currently buy one from a flipper on ebay for $98.49. While they might be an easy flip, easy doesn't make them very profitable after expenses. In addition it will be hard for the small flipper to compete with the big boys who can settle for little profit on high volume of graded specimens. For that reason, "I'm out." Since you see such potential, I will however be willing to flip my 100 coin allotment to you for a nice profit. Make me an offer I can't refuse.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
@liefgold said:
I cannot imagine there being any market for the flippers on these. The enrollments have made large quantities easy to get.
Agree, look for enrollment quantities to be reduced by buyers during the two-day prior to sale opportunity. This should free some up to be available day of the sale. Those wanting one should place their order even if it says "backordered." I'm pretty sure, still undecided, that I will cancel my 100 coin enrollment before the deadline.
This is the easiest flip in history. People need to look at the market before saying these things. Dealer WHOLESALE on ALL proof silver eagles is currently $83.
The Mint has priced these too cheaply at $73.
And I can currently buy one from a flipper on ebay for $98.49. While they might be an easy flip, easy doesn't make them very profitable after expenses. In addition it will be hard for the small flipper to compete with the big boys who can settle for little profit on high volume of graded specimens. For that reason, "I'm out." Since you see such potential, I will however be willing to flip my 100 coin allotment to you for a nice profit. Make me an offer I can't refuse.
If you had them in-hand, it would be easier to make an offer. The price changes daily but has been over $80 for several weeks now. Let's do the math - assuming you know a wholesaler:
100 coins @$73 = $7300
100 coins @ $80 = $8000 (wholesale )
Insured shipping = $250
Net profit = $450 just for going to the post-office. That's really not bad.
What would you need to get on them to want to mail them to me?
Admittedly, if you are buying 2 coins without access to a wholesaler, then the shipping eats up most of the profit. But if you have any quantity on the things, It's a couple phone calls and a mailing label.
@cheezhed said:
I still don't understand how an "unlimited" mintage item is sold out.
Yes, this was the same with the American Women quarters silver set.
There is a product limit, and this should be posted.
This allows them to not limit themselves by saying sold out or having a defined limit. If they have the time and the planchets they can mint and sell more later in the year, It is not over until the sold out sign goes up. I still would not bet the house on it even at that point. Remember that "box of chocolates" thing.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@HATTRICK said:
This allows them to not limit themselves by saying sold out or having a defined limit. If they have the time and the planchets they can mint and sell more later in the year, It is not over until the sold out sign goes up. I still would not bet the house on it even at that point. Remember that "box of chocolates" thing.
While I cannot guarantee that it will not change, the Mint has announced "product limits" for the 2022 Proof-W ASE offerings.
Magic Mike has the BS “advanced release” W proof PR70 ASE for the bargain price of $469.95 + $9.95
Only going to be 300,000 😱 it will be the rarest ASE in mint history
Bonus of 1 acre of swamp land in Florida
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
Yeah just watching that. I don't know how he gets away witb the lies. Even if it were just the single proof eagle (not bulk, congrats, or lesp) there are 500,000. Not nearly the rarest.
I wish I could say something bad about Mike but I can’t. There’s a group of folks involved with him on TV and well it’s like any TV show multiple layers of Input, big $ , I would assume rather interesting power struggles . Caveat Emptor 🤨
He’s got a website that would surprise most with how fair the prices are. Bought many great deals and received a gift coin one time, 10% off coupons. I have been careful.
Point is there’s more to most situations that meets the eye.
My 2 percent as always. 😉🙀🦫
In regards to the 40 coin trays. How do we know how many the big boys ordered. It seems like I have heard the # 165 ish thousand mentioned. How sure are we that they ordered that many? I don't think there is anyway possible there is enough demand to sell 746,760.
@Jzyskowski1 said:
I wish I could say something bad about Mike but I can’t. There’s a group of folks involved with him on TV and well it’s like any TV show multiple layers of Input, big $ , I would assume rather interesting power struggles . Caveat Emptor 🤨
He’s got a website that would surprise most with how fair the prices are. Bought many great deals and received a gift coin one time, 10% off coupons. I have been careful.
Point is there’s more to most situations that meets the eye.
My 2 percent as always. 😉🙀🦫
Nothing personal against Mike. He just makes a good target when on HSN. He is working for them and is a good salesman for them even though it is a lot of bs and high prices. His personal website without all the corporate overhead is decent
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@HATTRICK said:
Magic Mike has the BS “advanced release” W proof PR70 ASE for the bargain price of $469.95 + $9.95
Only going to be 300,000 😱 it will be the rarest ASE in mint history
Bonus of 1 acre of swamp land in Florida
Yeah but ... dont forget the red oak presentation box.
@Jzyskowski1 said:
I wish I could say something bad about Mike but I can’t. There’s a group of folks involved with him on TV and well it’s like any TV show multiple layers of Input, big $ , I would assume rather interesting power struggles . Caveat Emptor 🤨
He’s got a website that would surprise most with how fair the prices are. Bought many great deals and received a gift coin one time, 10% off coupons. I have been careful.
Point is there’s more to most situations that meets the eye.
My 2 percent as always. 😉🙀🦫
Yeah, the cost of TV ads is very high. I think people are too quick to criticize these operations. I doubt they make as much money as people assume. They are just bringing coins to the masses.
[Although I'm not sure why their customers, once alerted to the existence of something, don't go to eBay to check prices.]
@HATTRICK said:
2:54 silver proof sets still available. Maybe a lot of cancellations or just odd time of day.
My credit was charged for 3 sets 2 days ago. I still like the proof sets for my collection, even though they loose their value faster than a new car leaving the dealers lot.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
@HATTRICK said:
Sorry for the confusion as I posted on wrong thread. Should be on the Quarters discussion.
These are the Women Quarters Silver Proof Sets and still on sale at 5:18
This is good info for the Proof Eagles thread. I have noticed with several of the most recent offerings they follow the same pattern. The Rhode Island Dollars, The Sally ride P & D Coins and most recently the silver proof quarters. The pattern is a lot of pumping from the mint that they are in unprecedented extremely high demand. They are either sold out by enrollment or shortly after release. Then about a week after their initial sale date huge amounts of these suddenly become available again and in the case of the Rhode Island and right now the silver proof sets they are still available, The Sally Ride P & D coins are not available from the mint but are hardly selling online. What happened to all the unprecedented demand? My prediction here and reason why this applies to the silver eagle thread is that I believe the same thing is going to happen with the W Proof Silver Eagle. I wonder how purchasers of these will feel when these sell out from the mint the day of release and there are 50,000 of these still available from the mint 10 days after release . We will see. I hope I am wrong.
OLC you may be right. One forum member who had enrollment for 100 of the ASE already had second thoughts. He is trying to presale them on the Buy, Sell, Trade. If he does not find a buyer he may cancel order. This could happen in large numbers and like you said, many may become available.
Maybe the mint is taking lessons from Magic Mike on HSN. Nothing like a pump and dump to unload inventory.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
Comments
Unlimited means if they have enough silver planchets and enough time to keep producing them they would keep selling all year as long as people are still buying them. It does not mean a bottomless pit of coins will be available.
Likely will still gone on sale except noted as back ordered with a remind me button. I'm still undecided on my 100 coin allotment reservation. If anyone wants my enrollment, PM me an offer that I can't refuse.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
Unlimited mintage means no limit to what they can strike.
Sold out means they have sold all that they have already struck. There could be a planchet problem for further inventory or they may elect to strike more later. The ASEs already sold are already on the shelf.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
They produce what they can when they can and their customers have to compete for what is available.
Always remember "You never know what you are going to get"
I think the only difference between the ASE-W and the congratulations set is the packaging.
Per Coin World:
"Mint officials said the production limit for the single Proof 2022-W American Eagle silver dollar is 500,000 coins [...]"
Source
That compares with 300,000 last year.
I cannot believe it will actually sell out. Lots of cancelations coming.
Ditto on the 40-coin trays for bulk buyers, and the coin in the 'Limited Edition Silver Proof' set.
Reference
Edited to add a reference.
Specifically looking at congratulations set collectors and limited edition set collectors. They put the designation on the slabs.
30,000 is not many. Plus the congratulations set collectors know last year they put the type 1 reverse in it. This is a key for them.
We’ll see. I definitely think the mint site is going to crash very quickly and then the release becomes spotty as to when they become available. 😉🙀🦫🎣
🎶 shout shout, let it all out 🎶
Last year the single-coin option had a:
~ Proof-W T1 "product limit" of 327,440 Link
~ Proof-W T2 "product limit" of 300,000 Link
The "cumulative sales figures", which includes the 40-coin tray data, follow:
Source
I stand corrected! There has got to be a sourcing shortage!.
(l8-)>>
I am glad I have not been bitten by the American Silver Eagle bug. I was close once, but lost interest early on. Four type coins, Proof and Unc., of the two designs are good enough for me.
If a private dealer was playing these games, the collectors would ignore him or her, and that dealer would either shape up or go on the hungry line. Since the mint has a monopoly, they don’t have to shape up. They can charge monopoly prices.
All I want is a 2022 silver Proof set. Those sets have never been popular, and now that the Mint over charges for them (Last year three less silver coins, same price.), I should be able to buy one for too much money. Or perhaps not. They might all be “subscribed.”
I'm in for one
Received April 1, 2022
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If all information is up to date, you may disregard this notification.
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or room for inclusion in later packaging this year. W & S proof set? three coin set with the W unc.?
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
I still have a pending order for the S mint proof type 2 ASE from last year. I'm sure they meant to cancel it but alas, it still lives on as "in process" on my order page.
USM11778XXX 09/25/2021 PROCESSING
More blanks are on their way!
Kinda hate to disagree with you, but seriously, they can’t get enough “blanks” for what they already want to produce 😂.
4- months into 22 , nah , their in enough trouble 😉🙀🦫
( actually, it was beaver who really objected but he can’t type 🦫 )
🎶 shout shout, let it all out 🎶
This is the easiest flip in history. People need to look at the market before saying these things. Dealer WHOLESALE on ALL proof silver eagles is currently $83.
The Mint has priced these too cheaply at $73.
Having no statutory maximum doesn't mean they will mint an infinite number of them.
They just minted over 500K W proofs and continue to spit out silver bullion coins with no apparent delays. At this point I'd say they are experiencing no shortage of planchets. I do however expect this to change. Keep in mind that the cancelled Peace and Morgan dollars require specially sized silver planchets. The mint is dependent on outside sources for all silver planchets who in fact may be having their own production supply chain delays.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
And I can currently buy one from a flipper on ebay for $98.49. While they might be an easy flip, easy doesn't make them very profitable after expenses. In addition it will be hard for the small flipper to compete with the big boys who can settle for little profit on high volume of graded specimens. For that reason, "I'm out." Since you see such potential, I will however be willing to flip my 100 coin allotment to you for a nice profit. Make me an offer I can't refuse.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
If you had them in-hand, it would be easier to make an offer. The price changes daily but has been over $80 for several weeks now. Let's do the math - assuming you know a wholesaler:
100 coins @$73 = $7300
100 coins @ $80 = $8000 (wholesale )
Insured shipping = $250
Net profit = $450 just for going to the post-office. That's really not bad.
What would you need to get on them to want to mail them to me?
Admittedly, if you are buying 2 coins without access to a wholesaler, then the shipping eats up most of the profit. But if you have any quantity on the things, It's a couple phone calls and a mailing label.
Yes, this was the same with the American Women quarters silver set.
There is a product limit, and this should be posted.
This allows them to not limit themselves by saying sold out or having a defined limit. If they have the time and the planchets they can mint and sell more later in the year, It is not over until the sold out sign goes up. I still would not bet the house on it even at that point. Remember that "box of chocolates" thing.
It means the mint is a government agency and they are efficiently inefficient.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
While I cannot guarantee that it will not change, the Mint has announced "product limits" for the 2022 Proof-W ASE offerings.
Coin World reported this information here.
Cannot explain why the webpage for 22EA has not been updated with this "product limit" information.
I’m gunna guess this might be why 😉🙀🦫
🎶 shout shout, let it all out 🎶
Gee. 746,760 seems reasonable 😉🙀🦫
Only thing rare is the cardboard with the congratulations and limited edition set 😂
But I’m gunna give the congratulations a try , cause it’s gunna be a winner 🎣
🎶 shout shout, let it all out 🎶
Magic Mike has the BS “advanced release” W proof PR70 ASE for the bargain price of $469.95 + $9.95
Only going to be 300,000 😱 it will be the rarest ASE in mint history
Bonus of 1 acre of swamp land in Florida
Already sold out he has a special notice from mint and most people don’t know it. Mint will put 27 coins on sale then claim sell out
Yeah just watching that. I don't know how he gets away witb the lies. Even if it were just the single proof eagle (not bulk, congrats, or lesp) there are 500,000. Not nearly the rarest.
HaHa 😂 the big boys get them first
And put Advance Release on the slab so they are limited and cost three times more.💩💩💩
Thank God Mike is there to keep us on "the forefront of knowledge" lol What a shyster.
I wish I could say something bad about Mike but I can’t. There’s a group of folks involved with him on TV and well it’s like any TV show multiple layers of Input, big $ , I would assume rather interesting power struggles . Caveat Emptor 🤨
He’s got a website that would surprise most with how fair the prices are. Bought many great deals and received a gift coin one time, 10% off coupons. I have been careful.
Point is there’s more to most situations that meets the eye.
My 2 percent as always. 😉🙀🦫
🎶 shout shout, let it all out 🎶
In regards to the 40 coin trays. How do we know how many the big boys ordered. It seems like I have heard the # 165 ish thousand mentioned. How sure are we that they ordered that many? I don't think there is anyway possible there is enough demand to sell 746,760.
Nothing personal against Mike. He just makes a good target when on HSN. He is working for them and is a good salesman for them even though it is a lot of bs and high prices. His personal website without all the corporate overhead is decent
Yeah but ... dont forget the red oak presentation box.
Yeah, the cost of TV ads is very high. I think people are too quick to criticize these operations. I doubt they make as much money as people assume. They are just bringing coins to the masses.
[Although I'm not sure why their customers, once alerted to the existence of something, don't go to eBay to check prices.]
I believe the USM has also cancelled the 2022 Morgan and Peace dollars. They are stating a shortage of silver planchettes.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
If their customers are happy with their purchases and the ease and security of buying that way then great . They could waste their money other ways.
“I spent half my money on gambling, alcohol, and wild women. The other half I wasted.” W.C. Fields
2:54 silver proof sets still available. Maybe a lot of cancellations or just odd time of day.
My credit was charged for 3 sets 2 days ago. I still like the proof sets for my collection, even though they loose their value faster than a new car leaving the dealers lot.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Aren't these the clad proof sets?
Silver Proof sets on 23 June.
(l8-)>>
Sorry for the confusion as I posted on wrong thread. Should be on the Quarters discussion.
These are the Women Quarters Silver Proof Sets and still on sale at 5:18
You're good, i was confused. thinking clad proof sets (released tomorrow).
(l8-)>>
This is good info for the Proof Eagles thread. I have noticed with several of the most recent offerings they follow the same pattern. The Rhode Island Dollars, The Sally ride P & D Coins and most recently the silver proof quarters. The pattern is a lot of pumping from the mint that they are in unprecedented extremely high demand. They are either sold out by enrollment or shortly after release. Then about a week after their initial sale date huge amounts of these suddenly become available again and in the case of the Rhode Island and right now the silver proof sets they are still available, The Sally Ride P & D coins are not available from the mint but are hardly selling online. What happened to all the unprecedented demand? My prediction here and reason why this applies to the silver eagle thread is that I believe the same thing is going to happen with the W Proof Silver Eagle. I wonder how purchasers of these will feel when these sell out from the mint the day of release and there are 50,000 of these still available from the mint 10 days after release . We will see. I hope I am wrong.
OLC you may be right. One forum member who had enrollment for 100 of the ASE already had second thoughts. He is trying to presale them on the Buy, Sell, Trade. If he does not find a buyer he may cancel order. This could happen in large numbers and like you said, many may become available.
Maybe the mint is taking lessons from Magic Mike on HSN. Nothing like a pump and dump to unload inventory.
I preordered a 2022-W ASE PCGS FDOI PF70 from Bullion Shark for $170 out the door.
Pinehurst is paying $80. I guess if you have 100 of them it may be worth the flip, but not for a small quantity.
Definitely the way to go. Much cheaper than buying multiple coins and having them certified in hopes of obtaining a 70.