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.
@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.
Correct. And you really don't have to keep digging until you find a plausible, or implausible, explanation for what is said or observed, and can just go with the most obvious explanation.
In this case, no one said anything about a dealer submission. All that was said was that 10-20 could make sense, depending on the 70 yield.
And the response was that I can't help you with 10-20, because "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe," and that assistance could be provided for a minimum purchase of 200. He might have simply thought anything at all. Not my job to read his mind. Just his post.
@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...
You. You said "favor."
Didn't attack him. Just pointed out, in response to YOU, that the offer is no favor. Those who can access the exchange have no interest.
Kind of like when I get a call from a stock broker regarding a hot new IPO. I don't get calls for actual hot IPOs. I get the calls when the Big Boys have no interest.
Likely because they, and the seller, know things that are not yet apparent to the rest of us. Facilitating liquidation of the coins would seemingly be a favor to the seller. Not so much to an unwitting buyer at the seller's asking price.
If the seller is not a rube, and even if they are, they have to know that they can pick up the phone and right now and get a bid from Rick Tomaska, or from SilverTowne. Or from Magic Mike. Because I do, and I don't have $9 million to throw at taking a shot at cornering the market in a hot new Mint release.
Probably not a bid they will be happy with, but a bid. Because they can actually move quantity without throwing up 17% of a mintage in one fell swoop and expecting there to be a taker. Which is what happens when you don't know what you are doing, take shots, and miss.
@wondercoin said:
??? 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.
Cool. Make posts, and then taunt with secrets. Does a lot for your reputation.
Good luck, and be grateful you have no horse in the race. Because it's a huge mystery that someone got stuck in a flip that went south. As I said in another post, good.
They were pigs, misjudged the market, and are now trying to get out before they hurt, while you wait for the next edition of the Top Whatever to be released. No one has any business taking control of 17% of anything from the Mint.
Shame on the Mint for allowing it, and for facilitating it through the games they played with availability and HHLs, but good for the Mint if they now won't take them back. Those coins should be on the Mint website right now for $4615 each. Minimum quantity one. Not on a secret website or your DMs, $4550 each, minimum quantity 200.
@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...
This ^^^. And no, I'm not "mad" at the seller. I initially thought it couldn't be real. But, the more @wondercoin posts, the more I'm coming to realize that it is. So I am positively thrilled that someone got burned playing with fire while interfering with the fair distribution of the coins.
Mad at the Mint for allowing it, and for facilitating it. But also thrilled that they are apparently sticking to "no backsies" with the party they conspired with to divert 17% of the mintage away from the rest of us, in addition to the 17% that went to the ABPPs at release.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
Maybe ask a friend to read what you wrote and explain to you why it comes across as accusatory and insulting.
All comments reflect the opinion of the author, even when irrefutably accurate.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
Maybe ask a friend to read what you wrote and explain to you why it comes across as accusatory and insulting.
In that case, I am absolutely sorry. Did not mean to accuse or insult. Not you, and not @wondercoin.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
Maybe ask a friend to read what you wrote and explain to you why it comes across as accusatory and insulting.
In that case, I am absolutely sorry. Did not mean to accuse or insult. Not you, and not @wondercoin.
Not me. Not at all. But what you said about @wondercoin reads to me as accusatory and insulting.
All comments reflect the opinion of the author, even when irrefutably accurate.
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
Maybe ask a friend to read what you wrote and explain to you why it comes across as accusatory and insulting.
In that case, I am absolutely sorry. Did not mean to accuse or insult. Not you, and not @wondercoin.
Not me. Not at all. But what you said about @wondercoin reads to me as accusatory and insulting.
Again, totally not the intent. Keep in mind, he is just the messenger.
Initially, I had a hard time wrapping my head around the bona fides of the offer. Not his offer, so no shade was ever directed at him. If I misunderstood his relaying the offer as a cautionary tale regarding us chasing hot issues, due to the financial risk involved, that's on me.
You claiming he does favors, and my saying his offer to broker a deal under these circumstances would be a favor to the seller, not to anyone here willing to put up $1 million to help take the seller out of a problem, is my opinion. Not an insult or an accusation of anything.
Finally my saying, if the seller is indeed stuck and will be taking a loss, that under the circumstances I think that is well deserved, is again an opinion I'm entitled to. Not an insult to anyone. Certainly not to @wondercoin, unless he is the undisclosed seller. Which I seriously doubt.
Anyone who begrudges me my opinion that the Mint should not be short striking while items are subject to a HHL and Unavailable, only to make 17% of a release available later to a single buyer, at a bulk discount, will just have to deal with that, because it's an opinion I'm not changing or apologizing for.
@NJCoin said:
Anyone who begrudges me my opinion that the Mint should not be short striking while items are subject to a HHL and Unavailable, only to make 17% of a release available later to a single buyer, at a bulk discount, will just have to deal with that, because it's an opinion I'm not changing or apologizing for.
You have admitted you know nothing about the seller of the 2k coins or even how they purchased them, but jump to many conclusions about why they are selling. People have many reasons to sell coins, and people even put out offers to sell to see what is out there.
The mint allows the unlimited ordering at times, so anyone who did that deserves what they ordered. Should the mint have put up unlimited ordering is the question for low mintage coins, and that has nothing to do with any buyers.
In the last three "low mintage" coin releases, the mint has handled all three releases differently ( 2 privy SE and one gold UHR). That tells me the mint does not have any procedures for the releases, they go by however the wind blows them. For example, the mint goes by 24 hours as a clock ticks, and not by 24 hours of actual ordering time for removing the HHL. Maybe they need to huddle on that that one and come up with a new game plan.
Also, no low mintage release should ever go unlimited ordering. The max ordering retail should be 10 coins, as that is enough even for those who want to flip some should they not sell out in 24 hours. How they go unlimited on a coin they know is going to be selling fast makes no sense at all, especially when the first batch went out in three hours.
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.
Correct. And you really don't have to keep digging until you find a plausible, or implausible, explanation for what is said or observed, and can just go with the most obvious explanation.
In this case, no one said anything about a dealer submission. All that was said was that 10-20 could make sense, depending on the 70 yield.
And the response was that I can't help you with 10-20, because "I know it would be virtually impossible for our host to grade “10-20” of these coins in the manner you describe," and that assistance could be provided for a minimum purchase of 200. He might have simply thought anything at all. Not my job to read his mind. Just his post.
You. You said "favor."
Didn't attack him. Just pointed out, in response to YOU, that the offer is no favor. Those who can access the exchange have no interest.
Kind of like when I get a call from a stock broker regarding a hot new IPO. I don't get calls for actual hot IPOs. I get the calls when the Big Boys have no interest.
Likely because they, and the seller, know things that are not yet apparent to the rest of us. Facilitating liquidation of the coins would seemingly be a favor to the seller. Not so much to an unwitting buyer at the seller's asking price.
If the seller is not a rube, and even if they are, they have to know that they can pick up the phone and right now and get a bid from Rick Tomaska, or from SilverTowne. Or from Magic Mike. Because I do, and I don't have $9 million to throw at taking a shot at cornering the market in a hot new Mint release.
Probably not a bid they will be happy with, but a bid. Because they can actually move quantity without throwing up 17% of a mintage in one fell swoop and expecting there to be a taker. Which is what happens when you don't know what you are doing, take shots, and miss.
Cool. Make posts, and then taunt with secrets. Does a lot for your reputation.
Good luck, and be grateful you have no horse in the race. Because it's a huge mystery that someone got stuck in a flip that went south. As I said in another post, good.
They were pigs, misjudged the market, and are now trying to get out before they hurt, while you wait for the next edition of the Top Whatever to be released. No one has any business taking control of 17% of anything from the Mint.
Shame on the Mint for allowing it, and for facilitating it through the games they played with availability and HHLs, but good for the Mint if they now won't take them back. Those coins should be on the Mint website right now for $4615 each. Minimum quantity one. Not on a secret website or your DMs, $4550 each, minimum quantity 200.
This ^^^. And no, I'm not "mad" at the seller. I initially thought it couldn't be real. But, the more @wondercoin posts, the more I'm coming to realize that it is. So I am positively thrilled that someone got burned playing with fire while interfering with the fair distribution of the coins.
Mad at the Mint for allowing it, and for facilitating it. But also thrilled that they are apparently sticking to "no backsies" with the party they conspired with to divert 17% of the mintage away from the rest of us, in addition to the 17% that went to the ABPPs at release.
Wow
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes. Wow indeed.
“Wow”
When, and if, he infuriates the wrong person and gets served with a massive libel suit against him, I suspect that will be the catalyst for him to take a break from these constant mean-spirited ramblings. And, it certainly won’t be me serving up that complaint, as these recent attacks (on me) are like water off a duck’s back. Now, back to the regular scheduled postings. Lol.
Wondercoin.
Yes. Massive libel. Against an unknown party regarding a mystery you won't reveal.
Not sure how you would believe anything is an attack against you, because it certainly is not meant to be. All you're doing is innocently sharing "a very interesting offer from a 100% reliable and vetted source" who apparently attempted to monopolize a recent popular Mint offering and is now in a bit of a pickle.
But I'm sure glad you are good. I am as well, "horse's arse" and all. I don't have to like what the Mint does, or who it does it with, and at least today, I am still allowed to express an opinion.
Maybe ask a friend to read what you wrote and explain to you why it comes across as accusatory and insulting.
All comments reflect the opinion of the author, even when irrefutably accurate.
In that case, I am absolutely sorry. Did not mean to accuse or insult. Not you, and not @wondercoin.
Not me. Not at all. But what you said about @wondercoin reads to me as accusatory and insulting.
All comments reflect the opinion of the author, even when irrefutably accurate.
Again, totally not the intent. Keep in mind, he is just the messenger.
Initially, I had a hard time wrapping my head around the bona fides of the offer. Not his offer, so no shade was ever directed at him. If I misunderstood his relaying the offer as a cautionary tale regarding us chasing hot issues, due to the financial risk involved, that's on me.
You claiming he does favors, and my saying his offer to broker a deal under these circumstances would be a favor to the seller, not to anyone here willing to put up $1 million to help take the seller out of a problem, is my opinion. Not an insult or an accusation of anything.
Finally my saying, if the seller is indeed stuck and will be taking a loss, that under the circumstances I think that is well deserved, is again an opinion I'm entitled to. Not an insult to anyone. Certainly not to @wondercoin, unless he is the undisclosed seller. Which I seriously doubt.
Anyone who begrudges me my opinion that the Mint should not be short striking while items are subject to a HHL and Unavailable, only to make 17% of a release available later to a single buyer, at a bulk discount, will just have to deal with that, because it's an opinion I'm not changing or apologizing for.
You have admitted you know nothing about the seller of the 2k coins or even how they purchased them, but jump to many conclusions about why they are selling. People have many reasons to sell coins, and people even put out offers to sell to see what is out there.
The mint allows the unlimited ordering at times, so anyone who did that deserves what they ordered. Should the mint have put up unlimited ordering is the question for low mintage coins, and that has nothing to do with any buyers.
In the last three "low mintage" coin releases, the mint has handled all three releases differently ( 2 privy SE and one gold UHR). That tells me the mint does not have any procedures for the releases, they go by however the wind blows them. For example, the mint goes by 24 hours as a clock ticks, and not by 24 hours of actual ordering time for removing the HHL. Maybe they need to huddle on that that one and come up with a new game plan.
Also, no low mintage release should ever go unlimited ordering. The max ordering retail should be 10 coins, as that is enough even for those who want to flip some should they not sell out in 24 hours. How they go unlimited on a coin they know is going to be selling fast makes no sense at all, especially when the first batch went out in three hours.