Best of the Mint 1916 Mercury Dime Gold Coin and Silver Medal Set
Comments
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@ProofCollection said:
@safari_dude said:
Still available at 1:35 pm. All that stress for nothing…..and the start for a new four coin gold set begins….😩😂No, not for nothing. To avoid backorder.
I avoided it by a few thousand sales, thankfully.
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Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.2 -
@jakeblue said:
availability status now says "Backorder" with in stock date of September 3rd.Where do you see the September 3 date please? On the "Order History" page, I see that my order is on backorder, but I do not see the September 3 date. Thx.
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@grote15 said:
Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.No. With hot new issues, demand typically materializes, and then fizzles as time goes on. As evidenced by buyers clubs wanting coins now, but telling people to cancel orders on backorder. "Plenty of time to cancel" means plenty of time to lose the opportunity to flip.
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ats<1000
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@cinque1543 said:
@jakeblue said:
availability status now says "Backorder" with in stock date of September 3rd.Where do you see the September 3 date please? On the "Order History" page, I see that my order is on backorder, but I do not see the September 3 date. Thx.
When you ordered it said it in small red type once you add to cart….
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@mbr33 said:
@cinque1543 said:
@jakeblue said:
availability status now says "Backorder" with in stock date of September 3rd.Where do you see the September 3 date please? On the "Order History" page, I see that my order is on backorder, but I do not see the September 3 date. Thx.
When you ordered it said it in small red type once you add to cart….
OK, thanks. I didn't notice that.
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@BruceS said:
@goldenboy89 said:
when people use 2 or 3 accounts to get coins like this, are they using 2 or 3 credit cards with different names/billing addresses on them, along with multiple shipping addresses? are they using a PO Box system? can someone explain further?Same CC, different shipping address worked for me. (Same billing address though)
all will get cancelled
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions1 -
@NJCoin said:
@grote15 said:
Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.No. With hot new issues, demand typically materializes, and then fizzles as time goes on. As evidenced by buyers clubs wanting coins now, but telling people to cancel orders on backorder. "Plenty of time to cancel" means plenty of time to lose the opportunity to flip.
I think he means it may give you the opportunity to cancel your order if no one is buying. If you get a quick ship and it’s a flop you may be stuck with it.
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@jwitten said:
@NJCoin said:
@grote15 said:
Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.No. With hot new issues, demand typically materializes, and then fizzles as time goes on. As evidenced by buyers clubs wanting coins now, but telling people to cancel orders on backorder. "Plenty of time to cancel" means plenty of time to lose the opportunity to flip.
I think he means it may give you the opportunity to cancel your order if no one is buying. If you get a quick ship and it’s a flop you may be stuck with it.
Exactly.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.1 -
@MsMorrisine said:
@BruceS said:
@goldenboy89 said:
when people use 2 or 3 accounts to get coins like this, are they using 2 or 3 credit cards with different names/billing addresses on them, along with multiple shipping addresses? are they using a PO Box system? can someone explain further?Same CC, different shipping address worked for me. (Same billing address though)
all will get cancelled
It didn't for Congrats set. And I have two confirmed orders. I guess we'll see.....
eBay ID-bruceshort978
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Wonder if all of the BOM issues will be this easy.
They're all more expensive
Land of the Free because of the Brave!0 -
@cinque1543 said:
@jakeblue said:
availability status now says "Backorder" with in stock date of September 3rd.Where do you see the September 3 date please? On the "Order History" page, I see that my order is on backorder, but I do not see the September 3 date. Thx.
Yes, as mbr33 posted. The US Mint product verification page also has updated information in real time. I first saw the update there. Just above the "ats" numbers.
https://usmint.gov/on/demandware.store/Sites-USM-Site/default/Product-Variation?pid=26BM1
Boom...we win.
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Flipper prices on eBay are falling. Excellent.
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Current ATS anyone? Thanks!
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Pinehurst was not interested in buying.
https://usmint.pinehurstcoins.com/And Pure is offering for $15.00 over the mint.
https://www.collectpure.com/marketplace/product/best-of-the-mint-1916-mercury-dime-gold-coin-and-silver-medal-set-wbox--coa0478
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I never bought the 2016 gold Mercury dime. I like the design. Happy that I bought this one.
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ats 458
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Thought maybe this would be hot. Seems to be not. Now to throw it in the safe and forgettaboutit or sell to cover costs?
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@MsMorrisine said:
@BruceS said:
@goldenboy89 said:
when people use 2 or 3 accounts to get coins like this, are they using 2 or 3 credit cards with different names/billing addresses on them, along with multiple shipping addresses? are they using a PO Box system? can someone explain further?Same CC, different shipping address worked for me. (Same billing address though)
all will get cancelled
No problem on multiple releases, although used different cc.
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ats: <200
Will the Mint add more at a later time??
🤔2 -
@jakeblue said:
Some of the flippers on eBay are now asking 1K and below it. Short term will be interesting to see if that holds up or down with the still unknown actual number of backorders.We know the number of backorders. 10k
All comments reflect the opinion of the author, even when irrefutably accurate.
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@grote15 said:
Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.Hardly. Backorder almost guarantees it can't be flipped.
All comments reflect the opinion of the author, even when irrefutably accurate.
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@MsMorrisine said:
@BruceS said:
@goldenboy89 said:
when people use 2 or 3 accounts to get coins like this, are they using 2 or 3 credit cards with different names/billing addresses on them, along with multiple shipping addresses? are they using a PO Box system? can someone explain further?Same CC, different shipping address worked for me. (Same billing address though)
all will get cancelled
This is not true.
We use separate cards
Po box and physical for billing address and ship to our rentals.
Been doing it for years and NEVER had a transaction canceled by Mint.2 -
Passed on this one, I would have just flipped the gold and > @mbr33 said:
@ProofCollection said:
@safari_dude said:
Still available at 1:35 pm. All that stress for nothing…..and the start for a new four coin gold set begins….😩😂No, not for nothing. To avoid backorder.
I avoided it by a few thousand sales, thankfully.
Yeah, I decided that the additional 10,000, going from 20 to 30K would hurt flip quality and the prices on EBay have plummeted as of now and the ATS is still over 100, on BO for September of course. Dodged a bullet on that one.
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Again, you guys are missing one key aspect of this set. Demand could surface for the medal by itself and send prices for MS70/PR70 versions of the medals to the point that the gold becomes free.
People who just want the medal are going to wait for collectors to break up their sets. We don't know their demand yet.
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I see it going for under mint price over time as metal prices correct further and all of the backorders ship to a lot of people who just bought it to flip anyway.
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Good thing about backorder you get more time to cancel if they turn out to be a dud or price goes down.
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101 TO GO! 4:30 hours and counting toward a sell-out. These will be back in dribs and drabs many times over the next few months, so you'll still have a shot at them if you missed out.
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It's on back order now!
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-72111 -
Seeing 72 to go, act now
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If it's a dud to begin with, though, it's a moot point and easier to cancel vs return.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.1 -
@ProofCollection said:
Again, you guys are missing one key aspect of this set. Demand could surface for the medal by itself and send prices for MS70/PR70 versions of the medals to the point that the gold becomes free.People who just want the medal are going to wait for collectors to break up their sets. We don't know their demand yet.
30,000 is a LOT for a Mint Medal. It is unlikely to go anywhere near $800. I would be surprised if a 70 got to $300
All comments reflect the opinion of the author, even when irrefutably accurate.
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@grote15 said:
If it's a dud to begin with, though, it's a moot point and easier to cancel vs return.
Sure. But if you consider the Congratulatiions set, among others, you could have flipped the initial release for almost double the issue price but the latter release is struggling to hold the issue price.
Anyone who returns a "dud" because it can't be flipped should be charged a restocking fee and never be allowed to buy again. IMHO
All comments reflect the opinion of the author, even when irrefutably accurate.
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@jmlanzaf said:
@grote15 said:
If it's a dud to begin with, though, it's a moot point and easier to cancel vs return.
Sure. But if you consider the Congratulatiions set, among others, you could have flipped the initial release for almost double the issue price but the latter release is struggling to hold the issue price.
Anyone who returns a "dud" because it can't be flipped should be charged a restocking fee and never be allowed to buy again. IMHO
I agree with returns and have never returned an item to the Mint that I purchased (though I'd also say that some returns are reasonable and justified). But canceling a pending back order that has yet to be fulfilled is a different story.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.0 -
@grote15 said:
@jmlanzaf said:
@grote15 said:
If it's a dud to begin with, though, it's a moot point and easier to cancel vs return.
Sure. But if you consider the Congratulatiions set, among others, you could have flipped the initial release for almost double the issue price but the latter release is struggling to hold the issue price.
Anyone who returns a "dud" because it can't be flipped should be charged a restocking fee and never be allowed to buy again. IMHO
I agree with returns and have never returned an item to the Mint that I purchased (though I'd also say that some returns are reasonable and justified). But canceling a pending order that has yet to be fulfilled is a different story.
I didn't mean to imply there was anything wrong with canceling a pending order
All comments reflect the opinion of the author, even when irrefutably accurate.
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Whoever had 4:53 in the "When will it sell out" pool is the winner.
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I was wrong, make that 4:53pm EST.
😉2 -
Sold out
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just sold out right now. ats was at 1 a few seconds ago.
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It’ll be back as orders are cancelled. Sounds like there are buyers who don’t want them anymore and others who won’t want to wait for September. With everything else to come this year, you have to remember to leave $810 in space on your card for September since that’s when they’ll charge you.
Further issues may arise if gold drops and the Mint price sinks. Woukd you keep an $810 backorder at that point, or does the Mint adjust your backorder price since they didn’t ship you yet?
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@mbr33 said:
It’ll be back as orders are cancelled. Sounds like there are buyers who don’t want them anymore and others who won’t want to wait for September. With everything else to come this year, you have to remember to leave $810 in space on your card for September since that’s when they’ll charge you.Further issues may arise if gold drops and the Mint price sinks. Woukd you keep an $810 backorder at that point, or does the Mint adjust your backorder price since they didn’t ship you yet?
CC already charged for the BO.
USAF (Ret.) 1985 - 2005. E-4B Aircraft Maint. Crew Chief and Contracting Officer.
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@jmlanzaf said:
@ProofCollection said:
Again, you guys are missing one key aspect of this set. Demand could surface for the medal by itself and send prices for MS70/PR70 versions of the medals to the point that the gold becomes free.People who just want the medal are going to wait for collectors to break up their sets. We don't know their demand yet.
30,000 is a LOT for a Mint Medal. It is unlikely to go anywhere near $800. I would be surprised if a 70 got to $300
Then be surprised:
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This will look sweet next to my palladium coin!7 -
@jwitten said:
@NJCoin said:
@grote15 said:
Backorder may be a good thing if you were planning to flip the set as you have plenty of time to cancel if demand for it doesn't materialize.No. With hot new issues, demand typically materializes, and then fizzles as time goes on. As evidenced by buyers clubs wanting coins now, but telling people to cancel orders on backorder. "Plenty of time to cancel" means plenty of time to lose the opportunity to flip.
I think he means it may give you the opportunity to cancel your order if no one is buying. If you get a quick ship and it’s a flop you may be stuck with it.
Right. And I'm saying right now, if you get a quick ship, there are standing orders to buy at a profit.
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