@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
90k coins were loaded for sale on June 13. They sold out. Yesterday 37k were loaded for sale. That's tens of thousands of cancelations.
Not surprising that 7k of yesterday's orders were also cancelled and added back to the pool this morning - lots of resellers reattempted orders yesterday or used new addresses to get around the HHL. Appears many weren't successful.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
90k coins were loaded for sale on June 13. They sold out. Yesterday 37k were loaded for sale. That's tens of thousands of cancelations.
Not surprising that 7k of yesterday's orders were also cancelled and added back to the pool this morning - lots of resellers reattempted orders yesterday or used new addresses to get around the HHL. Appears many weren't successful.
1st week sales were 78.9k not 90k
We don't know whether the release yesterday represents Mint cancellations or individual cancelations. This assumption that the Mint purged "tens of thousands" of orders is speculative at best.
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
@JBK said:
As far as the somewhat "slow" sales of the remaining inventory, it's also a big holiday week and the date of the new availability wasn't known in advance.
Actually, they did email notification in advance of release
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
@JBK said:
As far as the somewhat "slow" sales of the remaining inventory, it's also a big holiday week and the date of the new availability wasn't known in advance.
Actually, they did email notification in advance of release
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
I'm not sure we need a reason other than there is only 100k (or fewer) worth of demand. Even in the first day, it took forever to go unavailable with everyone in line from the open. To me, that represents tepid demand.
@JBK said:
As far as the somewhat "slow" sales of the remaining inventory, it's also a big holiday week and the date of the new availability wasn't known in advance.
Actually, they did email notification in advance of release
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
I'm not sure we need a reason other than there is only 100k (or fewer) worth of demand. Even in the first day, it took forever to go unavailable with everyone in line from the open. To me, that represents tepid demand.
Three and a half hours is "forever"?
Those in line at the gate were the ones who refused to be shut out. Next up were those who wanted one but had better things to do than be glued to their computer.
This issue might go nowhere or it might develop a following and end up in strong hands. There are millions of Army veterans. No one can know for sure right now.
In opinion.
the mint and dealers would like see flippers shut out.
But it’s the flippers that help drive the market. flippers get to together on forums and decide what release might be popular and worth trying to flip. flippers are the ones who hit all the forums and create the hype.in the old days flippers were also collectors. if they like a certain release they would buy 3. keep one and sell the other 2 to help pay for the one they keep. of course the mint will still makes its money on this release because the hype was already created. but by turning off flippers it may effect future releases. and if the prices keep falling on these, thats not going to help dealers either. in my opinion , the mint and dealers should appreciate flippers, and let them create the hype instead of shutting them out. give flippers a bigger piece of the pie.maybe a HHL of 3 on important releases. on the FH gold privy both dealers and flippers were shut out. but the hype was already created by flippers from the FH silver privy.
@jmlanzaf said:
You can't double count those. If you include them in both the 90k and the 37k, you're double counting them.
Sorry if I wasn't clear. I wasn't double-counting. 90K loaded on 6/13. By the time of the sales report you mentioned, 11k+ had been canceled, hence the 78.9k. By yesterday, another 26k axed. This gets you to the 37k we saw available.
Of course I can't say all of them were initiated by the Mint. But I think you're underestimating the hordes of flippers driven by buying groups. The evidence of these cancelations isn't being posted here or elsewhere public (with one exception that HoneyMarket alluded to on Tuesday), but I've seen many, many reports.
Just yesterday, I saw at least four buying groups blast an announcement about the 1:30pm restock (that's 6k+ people), not including PFS and their mailing list.
@JBK said:
As far as the somewhat "slow" sales of the remaining inventory, it's also a big holiday week and the date of the new availability wasn't known in advance.
Actually, they did email notification in advance of release
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
I'm not sure we need a reason other than there is only 100k (or fewer) worth of demand. Even in the first day, it took forever to go unavailable with everyone in line from the open. To me, that represents tepid demand.
Three and a half hours is "forever"?
Those in line at the gate were the ones who refused to be shut out. Next up were those who wanted one but had better things to do than be glued to their computer.
This issue might go nowhere or it might develop a following and end up in strong hands. There are millions of Army veterans. No one can know for sure right now.
Yes, in the world of hot issues. How long did the FH last?
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for > @NJCoin said:
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog with demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
@JBK said:
As far as the somewhat "slow" sales of the remaining inventory, it's also a big holiday week and the date of the new availability wasn't known in advance.
Actually, they did email notification in advance of release
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
I'm not sure we need a reason other than there is only 100k (or fewer) worth of demand. Even in the first day, it took forever to go unavailable with everyone in line from the open. To me, that represents tepid demand.
Three and a half hours is "forever"?
Those in line at the gate were the ones who refused to be shut out. Next up were those who wanted one but had better things to do than be glued to their computer.
This issue might go nowhere or it might develop a following and end up in strong hands. There are millions of Army veterans. No one can know for sure right now.
Yes, in the world of hot issues. How long did the FH last?
The silver with the lottery ticket that was short minted? A day and a few minutes? The gold that was short minted? A few minutes.
This one, with 10x the mintage of the gold FH? A few hours. Then more than a third of the sales were canceled, BY THE MINT, and they are still available after 24 hours.
Proving only that they can't move 100K without flippers. We won't know whether or not these are "hot" until the HHL is removed. Because I can guarantee you that, right now, lots of people would buy quantity, likely including you, but are not allowed to. So the fact that they remain on the website while people who them cannot buy them proves nothing.
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for > @NJCoin said:
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog work demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
Great. Not "ALL" Mint cancellations. Only 99%. You made your point.
And, for the record, not 27K out of 100K. More like 37K out of 90K, because the Advance Purchase Bulk Purchasers are not allowed to cancel.
There is clearly a lot of BS going on with the buyer's clubs. On a large scale. I'm glad they are cracking down. The 6K that came up this morning are likely people who were previously cancelled and tried again.
'They haven't canceled any of mine." If they are such dogs, why aren't you canceling them? You're not nearly as much smarter than everyone else as you seem to think. Everyone sees the same flip you do.
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for > @NJCoin said:
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog work demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
Great. Not "ALL" Mint cancellations. Only 99%. You made your point.
And, for the record, not 27K out of 100K. More like 37K out of 90K, because the Advance Purchase Bulk Purchasers are not allowed to cancel.
There is clearly a lot of BS going on with the buyer's clubs. On a large scale. I'm glad they are cracking down. The 6K that came up this morning are likely people who were previously cancelled and tried again.
'They haven't canceled any of mine." If they are such dogs, why aren't you canceling them? You're not nearly as much smarter than everyone else as you seem to think. Everyone sees the same flip you do.
I didn't claim to be smarter than anyone. I just get tired of you making definitive sounding statements that are actually speculation.
37k out of 90k makes for an even bigger dog. Given that many of the remaining orders are still flippers, what does that make the organic demand?
I didn't cancel because they are already sold and so it would be silly to cancel. I would have thought you would have figured that out.
@jwitten said:
Add me to the mix of people who didn’t know these were re-released until I read the forum yesterday. I bet there are many who don’t know.
@jwitten said:
Add me to the mix of people who didn’t know these were re-released until I read the forum yesterday. I bet there are many who don’t know.
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for > @NJCoin said:
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog work demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
Great. Not "ALL" Mint cancellations. Only 99%. You made your point.
And, for the record, not 27K out of 100K. More like 37K out of 90K, because the Advance Purchase Bulk Purchasers are not allowed to cancel.
There is clearly a lot of BS going on with the buyer's clubs. On a large scale. I'm glad they are cracking down. The 6K that came up this morning are likely people who were previously cancelled and tried again.
'They haven't canceled any of mine." If they are such dogs, why aren't you canceling them? You're not nearly as much smarter than everyone else as you seem to think. Everyone sees the same flip you do.
I didn't claim to be smarter than anyone. I just get tired of you making definitive sounding statements that are actually speculation.
37k out of 90k makes for an even bigger dog. Given that many of the remaining orders are still flippers, what does that make the organic demand?
I didn't cancel because they are already sold and so it would be silly to cancel. I would have thought you would have figured that out.
What I figured out is that you are a master of misdirection, and will argue anything. Even the most obvious of points, because there is always a theoretical possibility of a one in a thousand exception.
You are smarter than you let on, although not as smart as you think, and know exactly what is happening here. Not a dog, and you know it. Dogs don't have HHLs of 1 three weeks after release. Dogs don't have after market bids of 2x issue price.
You not only "didn't cancel because they are already sold," you'll buy as many more as you can get your hands on, given the opportunity. So just stop pooping all over it, opining on where you think it will be in 2 years. We're talking about now, and you know it.
37K were canceled because the Mint canceled 37K. Not because buyers changed their minds, just like you didn't. Not because they didn't have $110 in available credit on their cards.
Because they were screwing around, apparently at huge scale, and got caught. Your orders weren't canceled because, whatever you did, and however many you bought, you didn't do it at the scale they did. Which had to have been massive to have so many orders canceled.
What happened is obvious. Even to you. So why are you arguing, as though we don't know how many were loaded into the system on 6/13, how many were sold on 6/13, how many were reported sold a few days later, how many were loaded yesterday, and how many are available right now. Pretending there is massive buyer's remorse under the circumstances is ridiculous, and you know it.
The amount of cancelled orders due to HHL violations was bound to be high-20k or more was my estimate
Why?
Human nature. Find a way to order more than one coin on each account and the sheep follow along and do so.
The only way this makes sense from a flipping perspective is to have quantity. One, two or Three isn’t worth it.
50-100-150 is worth it.
Bottom line is that many are just waiting for the HHL to be removed—it will be—-when we aren’t sure.
Definitely before they start shipping.
@Coiner
It's probably worth it for people of limited financial income. Buying two, and selling one to pay for the other? It's a free coin, essentially.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
I bought one last night. Reached out to two forum members who had advertised that they were buying…..their response was 🦗 crickets. Called the mint to cancel it. It’s not worth my time and energy to sell to a company for $50-60 over cost.
@Tomthemailcarrier said:
I bought one last night. Reached out to two forum members who had advertised that they were buying…..their response was 🦗 crickets. Called the mint to cancel it. It’s not worth my time and energy to sell to a company for $50-60 over cost.
Same here. I was going to hold onto it, hopefully it becomes like the v75 issue.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for > @NJCoin said:
@HoneyMarket said:
With the slow(er) demand, I'm now wondering what the re-sellers are going to do with their flippers that made purchases for a guaranteed price. Flippers were offered a certain price (ex. $125-185) per coin.
Now, with less(er) demand, I wonder if the re-sellers/buyers will now look at this less demand signal as an opportunity to tell the flippers to cancel their orders so they don't lose money.
A bit of a dilemma for the re-sellers - do they burn bridges with their flippers as a business decision - or do they hold the line - pay what they promised - and hope they get the re-sale prices they were originally anticipating?
A business decision for sure!
It will be interesting to watch over the next few days/week where this situation turns.
The only flippers guaranteed over $200 per coin so far are those who have already sold on eBay (for high fees).
Nope. Where do you think all of these coins are coming from? The Mint has literally canceled tens of thousands of orders from people playing the system. The resellers still need the coins, because many of the coins they thought would be coming to them won't be. This is likely why we haven't seen these on TV yet.
No one is burning any bridges. Yet. If resellers were able to buy in quantity from the Mint at $105, that would be a different story. But that has not happened yet. Let's see what happens at noon today, if any are left for any extended period of time.
Could you show me the evidence of terms of thousands of cancelations?
No? Didn't think so.
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog work demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
Great. Not "ALL" Mint cancellations. Only 99%. You made your point.
And, for the record, not 27K out of 100K. More like 37K out of 90K, because the Advance Purchase Bulk Purchasers are not allowed to cancel.
There is clearly a lot of BS going on with the buyer's clubs. On a large scale. I'm glad they are cracking down. The 6K that came up this morning are likely people who were previously cancelled and tried again.
'They haven't canceled any of mine." If they are such dogs, why aren't you canceling them? You're not nearly as much smarter than everyone else as you seem to think. Everyone sees the same flip you do.
I didn't claim to be smarter than anyone. I just get tired of you making definitive sounding statements that are actually speculation.
37k out of 90k makes for an even bigger dog. Given that many of the remaining orders are still flippers, what does that make the organic demand?
I didn't cancel because they are already sold and so it would be silly to cancel. I would have thought you would have figured that out.
What I figured out is that you are a master of misdirection, and will argue anything. Even the most obvious of points, because there is always a theoretical possibility of a one in a thousand exception.
You are smarter than you let on, although not as smart as you think, and know exactly what is happening here. Not a dog, and you know it. Dogs don't have HHLs of 1 three weeks after release. Dogs don't have after market bids of 2x issue price.
You not only "didn't cancel because they are already sold," you'll buy as many more as you can get your hands on, given the opportunity. So just stop pooping all over it, opining on where you think it will be in 2 years. We're talking about now, and you know it.
37K were canceled because the Mint canceled 37K. Not because buyers changed their minds, just like you didn't. Not because they didn't have $110 in available credit on their cards.
Because they were screwing around, apparently at huge scale, and got caught. Your orders weren't canceled because, whatever you did, and however many you bought, you didn't do it at the scale they did. Which had to have been massive to have so many orders canceled.
What happened is obvious. Even to you. So why are you arguing, as though we don't know how many were loaded into the system on 6/13, how many were sold on 6/13, how many were reported sold a few days later, how many were loaded yesterday, and how many are available right now. Pretending there is massive buyer's remorse under the circumstances is ridiculous, and you know it.
It is hardly going out on a limb to say that a Mint issue will drop in price in 2 years. 90% of them do.
5 years ago, an ASE release with 100k coins would have sold out in less than an hour with an HHL of 1. The waiting room slows it down a little bit but these have been creeping out during both release days and calling that "tepid" is fair. You want to call it "hot", go ahead. I think it better to suggest people should flip them now and not put them away for later appreciation.
You are also incorrect. I have several more addresses available and I did not use them today.
Fine there were 40k Mint cancelations. That just makes the pace of sales look worse not better. And you are the one still beating that horse. Whatever the distribution of cancelations, I haven't even mentioned it in the last several posts.
General rule of thumb is the first one to resort to ad hominem attacks...
@coiner said:
The amount of cancelled orders due to HHL violations was bound to be high-20k or more was my estimate
Why?
Human nature. Find a way to order more than one coin on each account and the sheep follow along and do so.
The only way this makes sense from a flipping perspective is to have quantity. One, two or Three isn’t worth it.
50-100-150 is worth it.
Bottom line is that many are just waiting for the HHL to be removed—it will be—-when we aren’t sure.
Definitely before they start shipping.
They also appeared to not be able to enforce the HHL for people who logged in as guests on the first release. But 40k in cancelations would be ridiculously high by Mint standards. The only time I remember that happening was the 2017 EU set but that was driven by an avalanche of buyer cancelations when the actual market makers cooled on the issue. In that instance, they ended up with 60k+ out of 225k returning to inventory.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
@Tomthemailcarrier said:
I bought one last night. Reached out to two forum members who had advertised that they were buying…..their response was 🦗 crickets. Called the mint to cancel it. It’s not worth my time and energy to sell to a company for $50-60 over cost.
Same here. I was going to hold onto it, hopefully it becomes like the v75 issue.
The V75 sold out 75,000 ASE's in 8 minutes with a HHL of 1 as part of a simultaneous release with the gold. Those were the days.
our crisis is going to last years as it is, but i might have to stay up a couple extra hours again to massage the causes into a state of relaxation
we'll be ok
you'll be ok because i'm burned out on ast and one at a time, these things are going to stay in stock for a number of days. no need to countdown for an extended number of days
Comments
I was going off what @coiner said previously, the fact that they reported sales of 75K but put 38K up for sale, and then released another 7K this morning.
Whether or not the "missing" 25K were sold and canceled, or not previously sold at all, you still have at least 20K canceled (13K + 7K), in addition to the 1500 or so that were released on June 14th. Evidence. Not thousands. Tens of thousands.
@jmlanzaf -- THIS ^^^^.
1st week sales were 78.9k not 90k
We don't know whether the release yesterday represents Mint cancellations or individual cancelations. This assumption that the Mint purged "tens of thousands" of orders is speculative at best.
Canceled by whom? The Mint or the individuals? There is no evidence that the Mint canceled "tens of thousands" of orders. I'm sure there are a lot, there always are.
Reported 1st week sales were 78.9k and not 90k because there were extensive cancelations from 6/13 - 6/15.
The email was sent only to those who signed up for the "Remind Me" feature.
I never sign up for that because in past cases it's been all but worthless since any new availability is gone before the emails are read. I suspect many if not most people take the same approach.
This particular issue sold out fairly quickly (3.5 hours) on the first sale date. If the full mintage had been available/sold (no duplicate/multiple purchases that needed to be cancelled) on that date then presumably the sellout would have been later that day or evening.
The pace of sales yesterday and today is not consistent with the first day's sales, so there has to be a reason.
You can't double count those. If you include them in both the 90k and the 37k, you're double counting them.
And I still find it highly speculative that the Mint sold 127k and canceled 27k as that is a ridiculously high rate of cancelations
I'm not sure we need a reason other than there is only 100k (or fewer) worth of demand. Even in the first day, it took forever to go unavailable with everyone in line from the open. To me, that represents tepid demand.
Three and a half hours is "forever"?
Those in line at the gate were the ones who refused to be shut out. Next up were those who wanted one but had better things to do than be glued to their computer.
This issue might go nowhere or it might develop a following and end up in strong hands. There are millions of Army veterans. No one can know for sure right now.
In opinion.
the mint and dealers would like see flippers shut out.
But it’s the flippers that help drive the market. flippers get to together on forums and decide what release might be popular and worth trying to flip. flippers are the ones who hit all the forums and create the hype.in the old days flippers were also collectors. if they like a certain release they would buy 3. keep one and sell the other 2 to help pay for the one they keep. of course the mint will still makes its money on this release because the hype was already created. but by turning off flippers it may effect future releases. and if the prices keep falling on these, thats not going to help dealers either. in my opinion , the mint and dealers should appreciate flippers, and let them create the hype instead of shutting them out. give flippers a bigger piece of the pie.maybe a HHL of 3 on important releases. on the FH gold privy both dealers and flippers were shut out. but the hype was already created by flippers from the FH silver privy.
Sorry if I wasn't clear. I wasn't double-counting. 90K loaded on 6/13. By the time of the sales report you mentioned, 11k+ had been canceled, hence the 78.9k. By yesterday, another 26k axed. This gets you to the 37k we saw available.
Of course I can't say all of them were initiated by the Mint. But I think you're underestimating the hordes of flippers driven by buying groups. The evidence of these cancelations isn't being posted here or elsewhere public (with one exception that HoneyMarket alluded to on Tuesday), but I've seen many, many reports.
Just yesterday, I saw at least four buying groups blast an announcement about the 1:30pm restock (that's 6k+ people), not including PFS and their mailing list.
Yes, in the world of hot issues. How long did the FH last?
Who said the Mint isn't a fickle institution?
We're back to a July 29th In Stock date, with 7,500+ stock remaining. 😳
Maybe they got hacked. If the price drops, let us know
Again, argue for the sake of arguing. There was a HHL of 1. They haven't shipped yet.
The bid on the secondary market is at least 2x issue price. Sure, there is a possibility Martians hacked into the Mint's server and canceled the orders. Or maybe, just maybe, the Mint canceled them for violating the HHL. I can't tell you what to think.
Okay. There were 27,000 cancelations for HHL violations on the first 100,000 orders. This really is a dog with demand far less than 100,000. That is the other interpretation.
We have had at least one person on this thread cancel their order yesterday. I think any cancelations are a mixture. That was my point. I do not think they are all Mint cancelations. They haven't canceled any of mine.
The silver with the lottery ticket that was short minted? A day and a few minutes? The gold that was short minted? A few minutes.
This one, with 10x the mintage of the gold FH? A few hours. Then more than a third of the sales were canceled, BY THE MINT, and they are still available after 24 hours.
Proving only that they can't move 100K without flippers. We won't know whether or not these are "hot" until the HHL is removed. Because I can guarantee you that, right now, lots of people would buy quantity, likely including you, but are not allowed to. So the fact that they remain on the website while people who them cannot buy them proves nothing.
Great. Not "ALL" Mint cancellations. Only 99%. You made your point.
And, for the record, not 27K out of 100K. More like 37K out of 90K, because the Advance Purchase Bulk Purchasers are not allowed to cancel.
There is clearly a lot of BS going on with the buyer's clubs. On a large scale. I'm glad they are cracking down. The 6K that came up this morning are likely people who were previously cancelled and tried again.
'They haven't canceled any of mine." If they are such dogs, why aren't you canceling them? You're not nearly as much smarter than everyone else as you seem to think. Everyone sees the same flip you do.
I didn't claim to be smarter than anyone. I just get tired of you making definitive sounding statements that are actually speculation.
37k out of 90k makes for an even bigger dog. Given that many of the remaining orders are still flippers, what does that make the organic demand?
I didn't cancel because they are already sold and so it would be silly to cancel. I would have thought you would have figured that out.
7,335!
when do we hit 1,776?
Do they find people through the billing address? For instance a common billing address is shipping to multiple postal addresses?
Tomorrow
Hope you got some sleep! Told you not to keep posting ats numbers in the wee hours of this morning. 🤣😂
Sometimes.
i finally slept but not enough. it is the fourth, i can try get more tonight hehe "sleep early tonight" we'll see
...got a Sharpie??
BST references available on request
.> @jmlanzaf said:
I must say I find your one word responses very refreshing indeed!
🤣😂
And every time I do it, someone asks me to explain further. I can't win
Add me to the mix of people who didn’t know these were re-released until I read the forum yesterday. I bet there are many who don’t know.
That is true. Enjoy your holiday weekend!😎
I'm sure. Did you buy one?
No, I bought three 😂
What I figured out is that you are a master of misdirection, and will argue anything. Even the most obvious of points, because there is always a theoretical possibility of a one in a thousand exception.
You are smarter than you let on, although not as smart as you think, and know exactly what is happening here. Not a dog, and you know it. Dogs don't have HHLs of 1 three weeks after release. Dogs don't have after market bids of 2x issue price.
You not only "didn't cancel because they are already sold," you'll buy as many more as you can get your hands on, given the opportunity. So just stop pooping all over it, opining on where you think it will be in 2 years. We're talking about now, and you know it.
37K were canceled because the Mint canceled 37K. Not because buyers changed their minds, just like you didn't. Not because they didn't have $110 in available credit on their cards.
Because they were screwing around, apparently at huge scale, and got caught. Your orders weren't canceled because, whatever you did, and however many you bought, you didn't do it at the scale they did. Which had to have been massive to have so many orders canceled.
What happened is obvious. Even to you. So why are you arguing, as though we don't know how many were loaded into the system on 6/13, how many were sold on 6/13, how many were reported sold a few days later, how many were loaded yesterday, and how many are available right now. Pretending there is massive buyer's remorse under the circumstances is ridiculous, and you know it.
The amount of cancelled orders due to HHL violations was bound to be high-20k or more was my estimate
Why?
Human nature. Find a way to order more than one coin on each account and the sheep follow along and do so.
The only way this makes sense from a flipping perspective is to have quantity. One, two or Three isn’t worth it.
50-100-150 is worth it.
Bottom line is that many are just waiting for the HHL to be removed—it will be—-when we aren’t sure.
Definitely before they start shipping.
@Coiner
It's probably worth it for people of limited financial income. Buying two, and selling one to pay for the other? It's a free coin, essentially.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
"I just get tired of you making definitive sounding statements that are actually speculation."
100p
It's 6:00pm EST and 6,757 coins remain.
Slow moving now.
I bought one last night. Reached out to two forum members who had advertised that they were buying…..their response was 🦗 crickets. Called the mint to cancel it. It’s not worth my time and energy to sell to a company for $50-60 over cost.
Same here. I was going to hold onto it, hopefully it becomes like the v75 issue.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
It is hardly going out on a limb to say that a Mint issue will drop in price in 2 years. 90% of them do.
5 years ago, an ASE release with 100k coins would have sold out in less than an hour with an HHL of 1. The waiting room slows it down a little bit but these have been creeping out during both release days and calling that "tepid" is fair. You want to call it "hot", go ahead. I think it better to suggest people should flip them now and not put them away for later appreciation.
You are also incorrect. I have several more addresses available and I did not use them today.
Fine there were 40k Mint cancelations. That just makes the pace of sales look worse not better. And you are the one still beating that horse. Whatever the distribution of cancelations, I haven't even mentioned it in the last several posts.
General rule of thumb is the first one to resort to ad hominem attacks...
No. It's HOT HOT HOT 🔥 🔥 🔥
Still available, HHL still stuck at one...this came to a grinding halt..or just a slow drip....
They also appeared to not be able to enforce the HHL for people who logged in as guests on the first release. But 40k in cancelations would be ridiculously high by Mint standards. The only time I remember that happening was the 2017 EU set but that was driven by an avalanche of buyer cancelations when the actual market makers cooled on the issue. In that instance, they ended up with 60k+ out of 225k returning to inventory.
Thats not good for value
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
The V75 sold out 75,000 ASE's in 8 minutes with a HHL of 1 as part of a simultaneous release with the gold. Those were the days.
https://forums.collectors.com/discussion/1037646/end-of-world-war-ii-75th-anniversary-american-eagle-silver-proof-20xf-gold-proof-coin-20xe/p7
6,552
I certainly hope we get to 1776 by tomorrow
Just end the HHL=1 and let's end this madness already! THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Not going to sell out tonight so you can go to bed early if you want too!😎
our crisis is going to last years as it is, but i might have to stay up a couple extra hours again to massage the causes into a state of relaxation
we'll be ok
you'll be ok because i'm burned out on ast and one at a time, these things are going to stay in stock for a number of days. no need to countdown for an extended number of days
anyone following the secondary?