@Goldbully said:
Just found this thread at the bottom of page 3.....no posts since August 1st.
Kinda sad that the Mint saturated the market with this Superman issue......10k mintage
Guess their objective was to set a high bar and hope enough Superman lovers would pull the trigger.
Hard to get excited over an extremely overpriced comic book gold coin that will probably never be a sellout.
ATS: 1802
For sure. What's even more surprising, at least to me, is the lack of interest in 25K 2.5 ounce silver medals.
Superman is a classic, still popular superhero, and the design is attractive. So the lack of interest in this one indicates the entire program is going to be a bust. It didn't attract the youngsters the Mint was hoping for, while the old timers predictably had no interest in seeing the US Mint become the Perth Mint, or the Franklin Mint.
Too bad, so sad. Now at least they see there is a limit to what people will pay. And it apparently is something less than a $2,000 per ounce premium to a $3,400 spot metal price for something with a 10K mintage. Good for all of us to know. Too bad it was discovered on DC Comics' dime.
For sure. What's even more surprising, at least to me, is the lack of interest in 25K 2.5 ounce silver medals.
Superman is a classic, still popular superhero, and the design is attractive. So the lack of interest in this one indicates the entire program is going to be a bust. It didn't attract the youngsters the Mint was hoping for, while the old timers predictably had no interest in seeing the US Mint become the Perth Mint, or the Franklin Mint.
Too bad, so sad. Now at least they see there is a limit to what people will pay. And it apparently is something less than a $2,000 per ounce premium to a $3,400 spot metal price for something with a 10K mintage. Good for all of us to know. Too bad it was discovered on DC Comics' dime.
Excellent summation of the Mint's Comic Art Coin & Medal Program.
Like many here on the forum, I had high hopes for the program.
Only the U.S. Mint could take a great concept and crush it in a very short period of time.
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
@HalfDime said:
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Does that include dealers?
If so, and with 1800 available, I would indicate 8000 mintage ?
@HalfDime said:
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Look at some other gold commems. I think the are doing okay. It isn't mandatory that everything sell out. Ideally, for the Mint, they shouldn't sell out. That could mean sales haven't been maximized.
@HalfDime said:
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Look at some other gold commems. I think the are doing okay. It isn't mandatory that everything sell out. Ideally, for the Mint, they shouldn't sell out. That could mean sales haven't been maximized.
I’m in sales, sellouts are a good thing for both parties: How are slow sales maximizing profits?
@HalfDime said:
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Look at some other gold commems. I think the are doing okay. It isn't mandatory that everything sell out. Ideally, for the Mint, they shouldn't sell out. That could mean sales haven't been maximized.
So far, this program is a far, far cry from being a bomb. Their Dynamic Pricing Structure has been accepted, and is a success for the Mint.
Why is it that when a product doesn't sell out the first hour or day, that it's automatically considered a failure?
Lol.
@HalfDime said:
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Look at some other gold commems. I think the are doing okay. It isn't mandatory that everything sell out. Ideally, for the Mint, they shouldn't sell out. That could mean sales haven't been maximized.
I’m in sales, sellouts are a good thing for both parties: How are slow sales maximizing profits?
If you Mint 10,000 and they sell out but there is actual demand for 20,000, how did you maximize profits?
What kind of sales are you in? I'm pretty sure Kraft doesn't cut off the supply of macaroni and cheese to maximize sales.
You don't want to Mint 20,000 and only sell 10,000 but that's not what I said.
They sold more Superman gold than Jackie Robinson (6100+ vs 5700+). Isn't that more successful?
They only sold 1945 of the V75 gold. Instant sell out. Isn't this coin (at a higher price) more successful for the Mint by a factor of at least 3?
What's more successful for the Mint? They sold out 100,000 Army Privy but sold 400,000 regular 2024 proof silver eagles against an "unlimited" mintage.
I just canceled my order. I ordered it on day one. The longer it stayed on back order the more I was thinking maybe I don’t need it. Today was the day I acted on that sentament.
When the American Eagle program first started, it made sense to buy American Eagles because they were reasonably-priced with only a small premium over the spot price of gold. If you wanted to accumulate gold, it made much more sense to buy AGEs than to buy the classic gold coins - all of which had much higher premiums as collectibles.
The Mint has now morphed into an out-of-control Franklin Mint or Paris Mint that mostly sells a plethora of shiny objects at exorbitant markups. It's fine if you collect Hummels, Swiss watches or Rolls Royce's and have the money to do that, but most of the Mint's offerings are simply diluting the pool of money reserved for coin collecting in a significant way.
It may not happen soon, but after the prices of gold & silver reach a (much higher) plateau, I predict that the market for these types of gimmicky issues will shrink to the point that the Mint will lose money on every single one of them and that they will take there rightful place as overpriced bullion pieces as they head to the smelter.
Q: Are You Printing Money? Bernanke: Not Literally
I wouldn't go that far that they are becoming the franklin mint.
A good deal of the over the skis issuances are congress mandated, that won't change.
The Mint has developed some interesting numismatic related items like the flowing hair and privy ASEs that are actually I believe pulling in potential newbs to the hobby. A net positive any way you look at current mint marketing strategy.
Comments
I just did the smae. cancelled and reorder for the cheaper one. I also ordered a Sacagawea gold.
Gold up over $60 this morning 😮
Gonna have to go up quite a bit more to recoup the premium on the Superman
I think it's still down since Suoermam was released. Lol
Just found this thread at the bottom of page 3.....no posts since August 1st.
Kinda sad that the Mint saturated the market with this Superman issue......10k mintage
Guess their objective was to set a high bar and hope enough Superman lovers would pull the trigger.
Hard to get excited over an extremely overpriced comic book gold coin that will probably never be a sellout.
ATS: 1802
1,801
For sure. What's even more surprising, at least to me, is the lack of interest in 25K 2.5 ounce silver medals.
Superman is a classic, still popular superhero, and the design is attractive. So the lack of interest in this one indicates the entire program is going to be a bust. It didn't attract the youngsters the Mint was hoping for, while the old timers predictably had no interest in seeing the US Mint become the Perth Mint, or the Franklin Mint.
Too bad, so sad. Now at least they see there is a limit to what people will pay. And it apparently is something less than a $2,000 per ounce premium to a $3,400 spot metal price for something with a 10K mintage. Good for all of us to know. Too bad it was discovered on DC Comics' dime.
Excellent summation of the Mint's Comic Art Coin & Medal Program.
Like many here on the forum, I had high hopes for the program.
Only the U.S. Mint could take a great concept and crush it in a very short period of time.
edited to add: 1793 remaining
These products have officially bombed:
"In the latest update, the gold coin fell by 221 to 5,925, the 2.5-ounce silver medal rose by 163 to 11,927, and the 1-ounce silver medal dropped by 14,229 to 15,999."
Does that include dealers?
If so, and with 1800 available, I would indicate 8000 mintage ?
It is possible they only did 8000 initially to gauge the market, and if they don't sell out by Oct then that is all they will make.
Look at some other gold commems. I think the are doing okay. It isn't mandatory that everything sell out. Ideally, for the Mint, they shouldn't sell out. That could mean sales haven't been maximized.
I’m in sales, sellouts are a good thing for both parties: How are slow sales maximizing profits?
So far, this program is a far, far cry from being a bomb. Their Dynamic Pricing Structure has been accepted, and is a success for the Mint.
Why is it that when a product doesn't sell out the first hour or day, that it's automatically considered a failure?
Lol.
These should do well over the holidays if still available.
If you Mint 10,000 and they sell out but there is actual demand for 20,000, how did you maximize profits?
What kind of sales are you in? I'm pretty sure Kraft doesn't cut off the supply of macaroni and cheese to maximize sales.
You don't want to Mint 20,000 and only sell 10,000 but that's not what I said.
They sold more Superman gold than Jackie Robinson (6100+ vs 5700+). Isn't that more successful?
They only sold 1945 of the V75 gold. Instant sell out. Isn't this coin (at a higher price) more successful for the Mint by a factor of at least 3?
What's more successful for the Mint? They sold out 100,000 Army Privy but sold 400,000 regular 2024 proof silver eagles against an "unlimited" mintage.
I just canceled my order. I ordered it on day one. The longer it stayed on back order the more I was thinking maybe I don’t need it. Today was the day I acted on that sentament.
No, but I would have if the motto: "Truth, Justice, and the American Way" had been engraved on the medal.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
1793
100 sold in the past three days.
edited to add: I meant to post 1693, not 1793.....sorry about that.
Took a quick look and currently 1692 remain.
It may sell out yet
I'm feeling it.
Talked to customer service yesterday at 9AM to cancel my order. She told me they still have 5900 in stock.
When the American Eagle program first started, it made sense to buy American Eagles because they were reasonably-priced with only a small premium over the spot price of gold. If you wanted to accumulate gold, it made much more sense to buy AGEs than to buy the classic gold coins - all of which had much higher premiums as collectibles.
The Mint has now morphed into an out-of-control Franklin Mint or Paris Mint that mostly sells a plethora of shiny objects at exorbitant markups. It's fine if you collect Hummels, Swiss watches or Rolls Royce's and have the money to do that, but most of the Mint's offerings are simply diluting the pool of money reserved for coin collecting in a significant way.
It may not happen soon, but after the prices of gold & silver reach a (much higher) plateau, I predict that the market for these types of gimmicky issues will shrink to the point that the Mint will lose money on every single one of them and that they will take there rightful place as overpriced bullion pieces as they head to the smelter.
I knew it would happen.
I wouldn't go that far that they are becoming the franklin mint.
A good deal of the over the skis issuances are congress mandated, that won't change.
The Mint has developed some interesting numismatic related items like the flowing hair and privy ASEs that are actually I believe pulling in potential newbs to the hobby. A net positive any way you look at current mint marketing strategy.