No shame. If you like it and want it, that's all that matters.
I do too. I'm just not in a position to tie up $2700 in something that is unlikely to hold its value. If I was, I'd keep it too, because I do with a lot of other things from the Mint that just don't involve so much money.
It would have been nice if there had been a special accessory and/or special packaging sold with the coin. A special edition comic book or something similar may have attracted people who aren't primarily coin collectors.
Idk. I'm not sure whether that proves anything. If you buy gas, they ping the card for $75 and then charge the actual gas purchase.
That's different. They authorize $75 then charge the actual amount you spent. The U.S. Mint can't keep a pending charge on your card for 45ish days. I believe the max is around 7 days.
I'm keeping my first day orders. I don't want to go to the back of the line, like I want to make sure I get first strike. I'll pay the extra $40 on that one.
Cancelled the second day orders, via phone, no problem.
There is a pre authorization on the CC, that will drop off.
I'll play the game on the re order, watch the price of gold, see how the Sac and Liberty go....
Idk. I'm not sure whether that proves anything. If you buy gas, they ping the card for $75 and then charge the actual gas purchase.
That's different. They authorize $75 then charge the actual amount you spent. The U.S. Mint can't keep a pending charge on your card for 45ish days. I believe the max is around 7 days.
Actually, it's exactly the same except for the time lag in actually charging it. They are doing the exact same thing with the card, making sure a charge of that size will go through. The $75 ping from the gas station doesn't stay either.
@GRANDAM said:
Does anyone know what the licensing fee will be that DC will get for these coins?
Good question. That should be public record somewhere.
certain govt contract items can be protected with a NDA
the licensing could also have been a fixed price contract item and that would be publicly avail
someone just has to write the FOIA request
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
@ceehog said:
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
Anybody else run into this?
In the running for best first post ever! Welcome aboard.
@ceehog said:
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
@ceehog said:
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
Anybody else run into this?
no, they did not cancel my order, at least not yet. Why they want to cancel it?
Idk. I'm not sure whether that proves anything. If you buy gas, they ping the card for $75 and then charge the actual gas purchase.
That's different. They authorize $75 then charge the actual amount you spent. The U.S. Mint can't keep a pending charge on your card for 45ish days. I believe the max is around 7 days.
Actually, it's exactly the same except for the time lag in actually charging it. They are doing the exact same thing with the card, making sure a charge of that size will go through. The $75 ping from the gas station doesn't stay either.
I'm saying they keep the $75 and make sure the gas you pumped say $54 will be taken out before you can do anything about it. With the Mint, they authorize it now, but anything can happen in ~45 days and you may not have that same amount then.
Idk. I'm not sure whether that proves anything. If you buy gas, they ping the card for $75 and then charge the actual gas purchase.
That's different. They authorize $75 then charge the actual amount you spent. The U.S. Mint can't keep a pending charge on your card for 45ish days. I believe the max is around 7 days.
Actually, it's exactly the same except for the time lag in actually charging it. They are doing the exact same thing with the card, making sure a charge of that size will go through. The $75 ping from the gas station doesn't stay either.
I'm saying they keep the $75 and make sure the gas you pumped say $54 will be taken out before you can do anything about it. With the Mint, they authorize it now, but anything can happen in ~45 days and you may not have that same amount then.
They ping it again later and cancel if it doesn't go through.
@Goldbully said:
I just tried to cancel the order via "Open Messenger" on the Mint's Website, and it said I had to call the Mint.
I assume "Open Messenger" is the Mint's Chat app. you're referring to.
I'll wait to hear from you before I call.....Thank you.
Yes, that's the chat feature I was referring to. Did a live agent tell you to call? I know it was working as of a couple days ago.
Usually, once "Minty" the chatbot is confounded by your request, it should pass you to a live agent who can do the cancelation. I'm traveling now and testing outside biz hours, so here's what it told me:
"Our contact center is currently closed. If you need to contact a live Support Expert, agents are available 7 days a week from 8:00am ET until 9:00pm ET. Live chat agents are available 10:00am ET until 8:00pm ET."
No idea how a "live Support Expert" differs from a "live chat agent," but trying between 10AM-8PM ET would be your best option.
There's also email, though not my preference - I've seen reports that the Mint is emailing back same day with confirmation of the cancel.
@ceehog said:
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
Anybody else run into this?
Happened to me too. Also ordered within the first 5 minutes.
@MsMorrisine said:
big boys are forecasting all the time. the only right thing is the market
Totally agree.
Some people were calling for $5000. Some chartists last week were crowing about "3 red crows" signaling a trend reversal. Everyone has a theory. If they were always right, they would be trading it not selling it.
@HATTRICK said:
However some self centered idiot is doing things that will totally disrupt the financial markets and gold will increase as a safe haven .
@ceehog said:
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
Happened to me too. Also ordered within the first 5 minutes.
@batumi said:
At about $1000 above bullion, count me out of this series of bullion coins. There are many gold bullion coins on the market for a lot less!
@HATTRICK said:
Gold going way down . Time to cancel and buy later if you want one in OGP.
Flippers forget about it. 😆😆😆
Yup. Except, there was never a flip with 10K of them being offered at $2,000 per ounce above spot. Gold moving down by $50 or so per ounce doesn't impact that one way or the other.
They were $2710 last week. Not really a cancel and reorder candidate at $2670. Still $2,000 per ounce above spot, if you are price sensitive. Plus, if you keep doing that, at some point they will cut you off.
I can see ATS going back to 5k if gold continues to slide and/or people's fascination with a 24k Gold Superman coin wanes and start realizing they spent $1,000 above spot.
@HATTRICK said:
Gold going way down . Time to cancel and buy later if you want one in OGP.
Flippers forget about it. 😆😆😆
Yup. Except, there was never a flip with 10K of them being offered at $2,000 per ounce above spot. Gold moving down by $50 or so per ounce doesn't impact that one way or the other.
They were $2710 last week. Not really a cancel and reorder candidate at $2670. Still $2,000 per ounce above spot, if you are price sensitive. Plus, if you keep doing that, at some point they will cut you off.
Too short sided to make a reasonable decision. 40 years of financial analysis has taught me that any financial decision requires analysis of many factors well into the future. Any decision based on 1 day, 1 week, 1 month is a fools folly.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
I can see ATS going back to 5k if gold continues to slide and/or people's fascination with a 24k Gold Superman coin wanes and start realizing they spent $1,000 above spot.
It's absolutely going to go up, because I don't think they added anything back yet, and we know for a fact a lot of people have already cancelled.
@JimTyler said:
Did math change ? $2710 - $2670 =$40.00 not $50
Yes, math changed. For this release, and this release only (and, of course, all the other DC releases), the Mint is marking up changes in spot.
Every $50 move or down in the spot price of gold results in an $80 change in the per ounce price of the coin ($25 and $40 for a half ounce coin). In other words, a 60% markup on every $50 move in gold.
The price differential between the Comic Art pieces and the Sac 25th is not consistent as the price of gold increases. The license fee may not be flat, or there may be other considerations.
@HATTRICK said:
That would suggest the fee to DC is $495 as the Superman is $2,670 not $2,675
Except it's not that exact, because Superman goes up or down $40 for every $25 move in the value of the gold in the coin. So it's not a fixed dollar amount per coin.
Likely somewhere around half of the premium the Mint gets, which is why the premium is around double that for any other numismatic half ounce gold coin. Last week Superman was $2710, and Sac would have been $2200. $510 difference.
@HATTRICK said:
I stand corrected. Not a buyer of gold coins. My last memory was from years ago when all gold was priced at the same price over spot
Yeah. They have a different price now for the various products, but they are all pretty close to each other. Except for this.
Undoubtedly due to the licensing fee. Marking up the premium as the spot price moves up is something new.
Something that just isn't supported by the market. Which is why they sit. Even with a relatively low mintage, an attractive design and a very popular superhero.
They are showing 73357 on the 1 oz, and 8236 on the 2 1/2 oz available. No HHL. I'd call these overpriced medals a severe disappointment. They will probably be available for sale for years. I cancelled my order the second day after very little thought! I know many of us expected a lot more demand.
@Manorcourtman said:
They are showing 73357 on the 1 oz, and 8236 on the 2 1/2 oz available. No HHL. I'd call these overpriced medals a severe disappointment. They will probably be available for sale for years. I cancelled my order the second day after very little thought! I know many of us expected a lot more demand.
Definitely on the 2.5 ounce. I never thought the 1 oz. would do anything, at $135 with an unlimited mintage.
Comments
No shame. If you like it and want it, that's all that matters.
I do too. I'm just not in a position to tie up $2700 in something that is unlikely to hold its value. If I was, I'd keep it too, because I do with a lot of other things from the Mint that just don't involve so much money.
Good question. That should be public record somewhere.
It would have been nice if there had been a special accessory and/or special packaging sold with the coin. A special edition comic book or something similar may have attracted people who aren't primarily coin collectors.
@jmlanzaf said:
That's different. They authorize $75 then charge the actual amount you spent. The U.S. Mint can't keep a pending charge on your card for 45ish days. I believe the max is around 7 days.
I'm keeping my first day orders. I don't want to go to the back of the line, like I want to make sure I get first strike. I'll pay the extra $40 on that one.
Cancelled the second day orders, via phone, no problem.
There is a pre authorization on the CC, that will drop off.
I'll play the game on the re order, watch the price of gold, see how the Sac and Liberty go....
can order anytime, so not to worried about it.
I just tried to cancel the order via "Open Messenger" on the Mint's Website, and it said I had to call the Mint.
I assume "Open Messenger" is the Mint's Chat app. you're referring to.
I'll wait to hear from you before I call.....Thank you.
Actually, it's exactly the same except for the time lag in actually charging it. They are doing the exact same thing with the card, making sure a charge of that size will go through. The $75 ping from the gas station doesn't stay either.
certain govt contract items can be protected with a NDA
the licensing could also have been a fixed price contract item and that would be publicly avail
someone just has to write the FOIA request
BST references available on request
i'd assume DC takes ~$500 on the gold, as the sacagawea coin will be $500 less, as someone mentioned.
Interesting development here - I guess they saved me the trouble of canceling, as they sent me an email saying that they canceled my order because:
"_One or more items in your order have been cancelled. If you did not request a cancellation, it was cancelled because the item(s) are no longer in our inventory or available for backorder.
We apologize for the inconvenience. If you paid by credit card, gift card, or PayPal you won’t be charged._"
I ordered the gold superman within the first 5 minutes of it being available.
Anybody else run into this?
In the running for best first post ever! Welcome aboard.
it has happened in the past
can't explain this one
if gold stays lower they may have saved you money
no, they did not cancel my order, at least not yet. Why they want to cancel it?
I'm saying they keep the $75 and make sure the gas you pumped say $54 will be taken out before you can do anything about it. With the Mint, they authorize it now, but anything can happen in ~45 days and you may not have that same amount then.
They ping it again later and cancel if it doesn't go through.
Yes, that's the chat feature I was referring to. Did a live agent tell you to call? I know it was working as of a couple days ago.
Usually, once "Minty" the chatbot is confounded by your request, it should pass you to a live agent who can do the cancelation. I'm traveling now and testing outside biz hours, so here's what it told me:
"Our contact center is currently closed. If you need to contact a live Support Expert, agents are available 7 days a week from 8:00am ET until 9:00pm ET. Live chat agents are available 10:00am ET until 8:00pm ET."
No idea how a "live Support Expert" differs from a "live chat agent," but trying between 10AM-8PM ET would be your best option.
There's also email, though not my preference - I've seen reports that the Mint is emailing back same day with confirmation of the cancel.
Numbers up this morning:
Happened to me too. Also ordered within the first 5 minutes.
Price of gold inching back up. Many things on the horizon to drive prices up . One bank has now forecast $4,000 per oz.
big boys are forecasting all the time. the only right thing is the market
Totally agree.
Some people were calling for $5000. Some chartists last week were crowing about "3 red crows" signaling a trend reversal. Everyone has a theory. If they were always right, they would be trading it not selling it.
However some self centered idiot is doing things that will totally disrupt the financial markets and gold will increase as a safe haven .
???
Any chance these orders were to PO boxes?
At about $1000 above bullion, count me out of this series of bullion coins. There are many gold bullion coins on the market for a lot less!
Not intended as a bullion coin
Gold going way down . Time to cancel and buy later if you want one in OGP.
Flippers forget about it. 😆😆😆
As of today price down $50.........was $2,710.
edited to add: Just cancelled my order. The rep asked why. I said because I can now buy it again $50 cheaper. She said, "I understand."
Yup. Except, there was never a flip with 10K of them being offered at $2,000 per ounce above spot. Gold moving down by $50 or so per ounce doesn't impact that one way or the other.
They were $2710 last week. Not really a cancel and reorder candidate at $2670. Still $2,000 per ounce above spot, if you are price sensitive. Plus, if you keep doing that, at some point they will cut you off.
ATS = 2,198 at this point.
I can see ATS going back to 5k if gold continues to slide and/or people's fascination with a 24k Gold Superman coin wanes and start realizing they spent $1,000 above spot.
Too short sided to make a reasonable decision. 40 years of financial analysis has taught me that any financial decision requires analysis of many factors well into the future. Any decision based on 1 day, 1 week, 1 month is a fools folly.
Did math change ? $2710 - $2670 =$40.00 not $50
It's absolutely going to go up, because I don't think they added anything back yet, and we know for a fact a lot of people have already cancelled.
Yes, math changed. For this release, and this release only (and, of course, all the other DC releases), the Mint is marking up changes in spot.
Every $50 move or down in the spot price of gold results in an $80 change in the per ounce price of the coin ($25 and $40 for a half ounce coin). In other words, a 60% markup on every $50 move in gold.
Didn’t even try to do the math, just looked like $50. Thanks for the correction.😅
Gold Sacajawea $2175
Gold Superman $2675
Gold Sacajawea 7500 mintage
Gold Superman 10,000 mintage
Superman is beaten both ways
That would suggest the fee to DC is $495 as the Superman is $2,670 not $2,675
The price differential between the Comic Art pieces and the Sac 25th is not consistent as the price of gold increases. The license fee may not be flat, or there may be other considerations.
https://www.usmint.gov/content/dam/usmint/shop/Pricing-Grid.pdf
Except it's not that exact, because Superman goes up or down $40 for every $25 move in the value of the gold in the coin. So it's not a fixed dollar amount per coin.
Likely somewhere around half of the premium the Mint gets, which is why the premium is around double that for any other numismatic half ounce gold coin. Last week Superman was $2710, and Sac would have been $2200. $510 difference.
I stand corrected. Not a buyer of gold coins. My last memory was from years ago when all gold was priced at the same price over spot
Yeah. They have a different price now for the various products, but they are all pretty close to each other. Except for this.
Undoubtedly due to the licensing fee. Marking up the premium as the spot price moves up is something new.
Something that just isn't supported by the market. Which is why they sit. Even with a relatively low mintage, an attractive design and a very popular superhero.
They are showing 73357 on the 1 oz, and 8236 on the 2 1/2 oz available. No HHL. I'd call these overpriced medals a severe disappointment. They will probably be available for sale for years. I cancelled my order the second day after very little thought! I know many of us expected a lot more demand.
I think you are right at this gold price level, or certainly close enough. That would be almost $5 million to DC for the gold alone on 10k coins.
Should have made him 1 ounce.
I think they’d have as good as if not better demand as people like to buy 1 ounces of gold and not half ounces.
Definitely on the 2.5 ounce. I never thought the 1 oz. would do anything, at $135 with an unlimited mintage.
Which they are never going to see. They'll be lucky if they get half that amount.
Not at $5,420.
Except its Sacajawea vs Superman,
Actually it's Sacagawea vs Superman.
Anyone buying at noon?
Sorry, meant to post in Gold Sac thread.