Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@wondercoin said:
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
@wondercoin said:
“Still, my takeaway from @wondercoin's original post was that we should cut the Big Boys slack because they provide a public service in stepping in front of us when buying from the Mint. Which I will never do.”
I haven’t been following NJCoin’s daily/hourly writings this year, but just on this thread alone it baffles me how he can get “takeaways” no where close to the intentions of the postings/posters (like mine). Anyway, it’s no big deal.
When I mentioned what I saw, I had no idea 460 coins had already sold below current cost from the mint and much lower than the offer I saw and mentioned here. Obviously, dealers who can buy or sell 17% of this mintage are far from “wannabes” or “distressed” sellers or any other names anyone wants to call them. This is far from a “distressed sale” at roughly $900 over spot for raw coins IMHO. As jmlanzaf points out, the offer might involve a quick $170k profit for all we know. I thought it was a very interesting offer from a 100% reliable and vetted source so I mentioned it here. The feedback I have received suggests that (nearly) everyone appreciates this situation being discussed here.
I certainly have no horse in the race here.
Wondercoin
With all due respect, absolutely no one, NO ONE, should be taking down 17% of anything produced by the US Mint. The US Mint is not a private mint producing for private parties.
$900 over spot means nothing if that's what was paid for them. If the seller knew what they were doing, they'd already have been sold, and would not be offered publicly on your forum.
Whoever your mystery seller is, it seems as though they have a problem. And that makes their sale a "distress sale," regardless of the price. People buying 17% of total Mint production are supposed to have a retail or wholesale outlet for them, because the Mint already has a website to sell its production to the public.
Agreed that it's a very interesting offer. Sorry if I misinterpreted your motives for sharing. Initially I thought it was to extol the virtues of those committing capital to hot items that become unavailable for us to buy directly from the Mint by virtue of their actions. Now it appears as though you might have just been fishing to see if anyone here had any interest in helping the seller out of a problem.
@wondercoin said:
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
@wondercoin and other dealers frequently do favors for collectors. Again, do you not see how insulting this post sounds?
All comments reflect the opinion of the author, even when irrefutably accurate.
@wondercoin said:
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
@wondercoin and other dealers frequently do favors for collectors. Again, do you not see how insulting this post sounds?
Yes. I know this. Telling us about a mystery dealer with a $9 million problem, where the "favor" will involve a minimum $900K commitment, is not such a favor. Just like the seller grabbing 2K when they went on sale also was no "favor" to collectors.
@wondercoin said:
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
He might simply have thought triplelake wanted a dealer submission of the coins. You really don't have to constantly extrapolate.
All comments reflect the opinion of the author, even when irrefutably accurate.
@wondercoin said:
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
@wondercoin and other dealers frequently do favors for collectors. Again, do you not see how insulting this post sounds?
Yes. I know this. Telling us about a mystery dealer with a $9 million problem, where the "favor" will involve a minimum $900K commitment, is not such a favor. Just like the seller grabbing 2K when they went on sale also was no "favor" to collectors.
It's a "favor" when you can't access the exchange yourself.
When did he ever characterize that as a "favor"? You put those words in his mouth and then attacked him for it.
Smh...
All comments reflect the opinion of the author, even when irrefutably accurate.
??? Our hosts will grade a single coin. What are you talking about?
I simply won’t tell you, so you can continue to act like a horse’s arse. I will happily tell jmlanzaf (or Braddick who always desires to understand everything rationally) or anyone else that behaves rationally here that I have dealt with over the past 24 years (friends - just send me a text and I’ll try to call you today if you are the least bit curious). But, not an irrational board member. Sorry. You can just continue to embarrass yourself further. Meanwhile, I continue to have absolutely no “horse in the race” (other than to own a few of these particular lovely coins as I suspect they might be included one day in a Top 100 or 200 Modern Registry set I will participate in).
Remember from the incredible show “Wicked” - the most celebrated are the rehabilitated. I am always open to reconsider situations when anyone tries to “turnover a new leaf”.
Cheers.
Wondercoin.
P.S. this was typed up but not sent until now as I received a call about 30 minutes ago from a friend needing a favor. I see there were many posts in the interim.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@NJCoin said:
Yes. I know this. Telling us about a mystery dealer with a $9 million problem, where the "favor" will involve a minimum $900K commitment, is not such a favor. Just like the seller grabbing 2K when they went on sale also was no "favor" to collectors.
The US Mint is the one who sets the rules, sets the mintages, and allows buyers to participate. Someone was able to order 2000 gold coins and hit the buy button, all within the rules.
You can question if the mint should allow this, but the mint is the one who did allow it.
If I was going to commit that kind of money to coins I would have put it all into the Space gold sacagawea coins, it is easier to sell 7 coins vs. 2000.
But you are mad at everyone associated with this, except for the one entity which allowed it. This is what happens with many mint releases, they usually screw up somewhere. In this case they did not manage the HHL properly, end of story.
@NJCoin said:
Yes. I know this. Telling us about a mystery dealer with a $9 million problem, where the "favor" will involve a minimum $900K commitment, is not such a favor. Just like the seller grabbing 2K when they went on sale also was no "favor" to collectors.
The US Mint is the one who sets the rules, sets the mintages, and allows buyers to participate. Someone was able to order 2000 gold coins and hit the buy button, all within the rules.
You can question if the mint should allow this, but the mint is the one who did allow it.
If I was going to commit that kind of money to coins I would have put it all into the Space gold sacagawea coins, it is easier to sell 7 coins vs. 2000.
But you are mad at everyone associated with this, except for the one entity which allowed it. This is what happens with many mint releases, they usually screw up somewhere. In this case they did not manage the HHL properly, end of story.
That's not fair. He's mad at the Mint also...
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
Triplelake- nice thinking outside the box. However, I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe. However, anyone with an appetite to handle a minimum of 200 of the coins, feel free to send me a PM or a text message tonight or tomorrow and I will promptly call you to see if I can help try to facilitate a deal for that smaller quantity. It might not be possible at all for that quantity, but I would be happy to assist with a sincere offer AT NO CHARGE.
Wondercoin
??? Our hosts will grade a single coin. What are you talking about?
All @triplelake is saying is that getting 70% 70s on 10-20 could make it worth it for them, even if they are not getting bulk pricing by grading 100-200. All I hear you saying is that the seller needs to move 2,000, and that 10-20 won't move the needle for them.
So why not just say that, rather than spewing nonsense about how "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe"? Because, what is very unclear, is why, given that the seller already made the commitment and has the coins, they can't do the same thing @triplelake wants to do, but at volume?
Very generous for you to offer to get involved for free, but we all know that is not how you make money. So, what's really going on here?
Because no one commits $9 million to go for a tiny 100% speculative public flip on your dealer forum, and then needs you to help them move the metal, 200 at a time, here. Just like you, it's hard to believe anyone here would have any interest in investing $900K minimum to take a stranger out of a problem.
Since this is now sounding far more legit than initially, it sounds like someone bit off far more than they could chew and got burned. Good. Serves them right for being pigs and trying to corner the market on these. They should have left them for us to buy, 10-20 at a time, without getting between us and the Mint.
With all due respect, absolutely no one, NO ONE, should be taking down 17% of anything produced by the US Mint. The US Mint is not a private mint producing for private parties.
$900 over spot means nothing if that's what was paid for them. If the seller knew what they were doing, they'd already have been sold, and would not be offered publicly on your forum.
Whoever your mystery seller is, it seems as though they have a problem. And that makes their sale a "distress sale," regardless of the price. People buying 17% of total Mint production are supposed to have a retail or wholesale outlet for them, because the Mint already has a website to sell its production to the public.
Agreed that it's a very interesting offer. Sorry if I misinterpreted your motives for sharing. Initially I thought it was to extol the virtues of those committing capital to hot items that become unavailable for us to buy directly from the Mint by virtue of their actions. Now it appears as though you might have just been fishing to see if anyone here had any interest in helping the seller out of a problem.
@wondercoin and other dealers frequently do favors for collectors. Again, do you not see how insulting this post sounds?
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes. I know this. Telling us about a mystery dealer with a $9 million problem, where the "favor" will involve a minimum $900K commitment, is not such a favor. Just like the seller grabbing 2K when they went on sale also was no "favor" to collectors.
He might simply have thought triplelake wanted a dealer submission of the coins. You really don't have to constantly extrapolate.
All comments reflect the opinion of the author, even when irrefutably accurate.
It's a "favor" when you can't access the exchange yourself.
When did he ever characterize that as a "favor"? You put those words in his mouth and then attacked him for it.
Smh...
All comments reflect the opinion of the author, even when irrefutably accurate.
??? Our hosts will grade a single coin. What are you talking about?
I simply won’t tell you, so you can continue to act like a horse’s arse. I will happily tell jmlanzaf (or Braddick who always desires to understand everything rationally) or anyone else that behaves rationally here that I have dealt with over the past 24 years (friends - just send me a text and I’ll try to call you today if you are the least bit curious). But, not an irrational board member. Sorry. You can just continue to embarrass yourself further. Meanwhile, I continue to have absolutely no “horse in the race” (other than to own a few of these particular lovely coins as I suspect they might be included one day in a Top 100 or 200 Modern Registry set I will participate in).
Remember from the incredible show “Wicked” - the most celebrated are the rehabilitated. I am always open to reconsider situations when anyone tries to “turnover a new leaf”.
Cheers.
Wondercoin.
P.S. this was typed up but not sent until now as I received a call about 30 minutes ago from a friend needing a favor. I see there were many posts in the interim.
The US Mint is the one who sets the rules, sets the mintages, and allows buyers to participate. Someone was able to order 2000 gold coins and hit the buy button, all within the rules.
You can question if the mint should allow this, but the mint is the one who did allow it.
If I was going to commit that kind of money to coins I would have put it all into the Space gold sacagawea coins, it is easier to sell 7 coins vs. 2000.
But you are mad at everyone associated with this, except for the one entity which allowed it. This is what happens with many mint releases, they usually screw up somewhere. In this case they did not manage the HHL properly, end of story.
That's not fair. He's mad at the Mint also...
All comments reflect the opinion of the author, even when irrefutably accurate.