@Nephasth said:
The Mint made out like a bandit this morning. Silver's at $59 an ounce and they unloaded nearly 200,000 ounces at $173 a pop.
I bought some bullion ASE this morning instead, thinking it was a better deal.
It's ALWAYS a better deal. 😆
You betcha! I didn't buy the dual-dated proof for my collection (but did get the Congrats since my Dad gave me the 1986 version all those years ago...I just thought it was fitting for its 40th anniversary)
The mint is rushing to dump overpriced silver on the unsuspecting public. Silver now below $60 per Oz. And they know it is going back to the $30 - $40 range. Buy if you want for yourself as for investment will be a major loss. 😢
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@HATTRICK said:
The mint is rushing to dump overpriced silver on the unsuspecting public. Silver now below $60 per Oz. And they know it is going back to the $30 - $40 range. Buy if you want for yourself as for investment will be a major loss. 😢
While true, some big players were taking these in large numbers, most likely for hopeful grading purposes? Ebay pricing for the raw sets is already near a loss, so another 188,000 dumped into the mix won't help that improve. It will be a LONG time until (if) silver ever sees $173 an ounce.
@goldenboy89 said:
that's crazy. well i'm curious what these will sell for in a few years. I had a few of mine graded and it wasn't good.
Now that you mention that, when I went to see what the status of sales on Ebay has been lately, I found more than a handful being auctioned off with "milk spots", bringing $40-$100
Ouch! I had 3 graded and they each came back different. 68, 69, 70. I should have looked at them more closely before submitting, but I was in such a rush.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
I was stunned by it myself, and wondered if somebody out there felt that someday, down the line, they would be a profit center for them. It seemed unfathomable, but I’ve been wrong before when it comes to the moods, tastes and desires of other coin collectors. That’s why I like to hear the opinions of others. I may be older, but I still like to learn.
Today’s action, or lack thereof, was more like what I expected yesterday to be. As you said, moving 60,000 was easy, but that satisfied demand to the point they barely move now on the secondary market unless they’re 70s and certified as such by grading companies.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
I was stunned by it myself, and wondered if somebody out there felt that someday, down the line, they would be a profit center for them. It seemed unfathomable, but I’ve been wrong before when it comes to the moods, tastes and desires of other coin collectors. That’s why I like to hear the opinions of others. I may be older, but I still like to learn.
Today’s action, or lack thereof, was more like what I expected yesterday to be. As you said, moving 60,000 was easy, but that satisfied demand to the point they barely move now on the secondary market unless they’re 70s and certified as such by grading companies.
Correct. I never understood the attraction of 500K when there was a 60K alternative. Turns out that it was always illusory.
Due to the games the Mint has been playing in recent years, my money is on people seeing 300K in February and gobbling them up, betting that there wouldn't be any more. Because the Mint has short struck lots of things lately.
Also people being excited about dual dates and privy marks. But now, they are a dime a dozen, and the novelty has worn off.
So the flippers did their thing, as did the telemarketers. That's now over, and everyone has moved on to the next big thing.
The thing that's really killing these now is the tepid demand for the Congratulations coins. To be honest, I don't even understand how they sold another 100K of these.
Whatever. I didn't chase them in February due to the mintage. I also had no interest yesterday. Or today. Or tomorrow.
Too many other interesting things to chase this year.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
I was stunned by it myself, and wondered if somebody out there felt that someday, down the line, they would be a profit center for them. It seemed unfathomable, but I’ve been wrong before when it comes to the moods, tastes and desires of other coin collectors. That’s why I like to hear the opinions of others. I may be older, but I still like to learn.
Today’s action, or lack thereof, was more like what I expected yesterday to be. As you said, moving 60,000 was easy, but that satisfied demand to the point they barely move now on the secondary market unless they’re 70s and certified as such by grading companies.
Correct. I never understood the attraction of 500K when there was a 60K alternative. Turns out that it was always illusory.
Due to the games the Mint has been playing in recent years, my money is on people seeing 300K in February and gobbling them up, betting that there wouldn't be any more. Because the Mint has short struck lots of things lately.
Also people being excited about dual dates and privy marks. But now, they are a dime a dozen, and the novelty has worn off.
So the flippers did their thing, as did the telemarketers. That's now over, and everyone has moved on to the next big thing.
The thing that's really killing these now is the tepid demand for the Congratulations coins. To be honest, I don't even understand how they sold another 100K of these.
Whatever. I didn't chase them in February due to the mintage. I also had no interest yesterday. Or today. Or tomorrow.
Too many other interesting things to chase this year.
I did in fact subscribe to this one due to the 1776-2026 dual date and liberty bell privy. Once I saw it, I was over it and rather quickly sold it without any second thoughts. As I told you before, I wanted the Congrats Eagle to bookend my father’s 1986 Eagle and now I’m content. As you said, there are far more interesting things to chase this year and a 500,000 mintage silver Eagle isn’t one of them in my book.
As far as “the next big thing”…..I’m looking at the remaining schedule and I’m running out of things to add. The BOM set is on my radar, but the second half of the year doesn’t offer me all that much.
@mbr33 said:
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
I was stunned by it myself, and wondered if somebody out there felt that someday, down the line, they would be a profit center for them. It seemed unfathomable, but I’ve been wrong before when it comes to the moods, tastes and desires of other coin collectors. That’s why I like to hear the opinions of others. I may be older, but I still like to learn.
Today’s action, or lack thereof, was more like what I expected yesterday to be. As you said, moving 60,000 was easy, but that satisfied demand to the point they barely move now on the secondary market unless they’re 70s and certified as such by grading companies.
Correct. I never understood the attraction of 500K when there was a 60K alternative. Turns out that it was always illusory.
Due to the games the Mint has been playing in recent years, my money is on people seeing 300K in February and gobbling them up, betting that there wouldn't be any more. Because the Mint has short struck lots of things lately.
Also people being excited about dual dates and privy marks. But now, they are a dime a dozen, and the novelty has worn off.
So the flippers did their thing, as did the telemarketers. That's now over, and everyone has moved on to the next big thing.
The thing that's really killing these now is the tepid demand for the Congratulations coins. To be honest, I don't even understand how they sold another 100K of these.
Whatever. I didn't chase them in February due to the mintage. I also had no interest yesterday. Or today. Or tomorrow.
Too many other interesting things to chase this year.
I did in fact subscribe to this one due to the 1776-2026 dual date and liberty bell privy. Once I saw it, I was over it and rather quickly sold it without any second thoughts. As I told you before, I wanted the Congrats Eagle to bookend my father’s 1986 Eagle and now I’m content. As you said, there are far more interesting things to chase this year and a 500,000 mintage silver Eagle isn’t one of them in my book.
As far as “the next big thing”…..I’m looking at the remaining schedule and I’m running out of things to add. The BOM set is on my radar, but the second half of the year doesn’t offer me all that much.
Agreed! That said, BOM is going to be 4 more sets at increasing pricing. That's far from nothing.
Comments
5900 a minute, on average. Large buys were made often. Somebody thinks they're hot....or will be again.
The Mint made out like a bandit this morning. Silver's at $59 an ounce and they unloaded nearly 200,000 ounces at $173 a pop.
I bought some bullion ASE this morning instead, thinking it was a better deal.
It's ALWAYS a better deal. 😆
All comments reflect the opinion of the author, even when irrefutably accurate.
You betcha! I didn't buy the dual-dated proof for my collection (but did get the Congrats since my Dad gave me the 1986 version all those years ago...I just thought it was fitting for its 40th anniversary)
The mint is rushing to dump overpriced silver on the unsuspecting public. Silver now below $60 per Oz. And they know it is going back to the $30 - $40 range. Buy if you want for yourself as for investment will be a major loss. 😢
While true, some big players were taking these in large numbers, most likely for hopeful grading purposes? Ebay pricing for the raw sets is already near a loss, so another 188,000 dumped into the mix won't help that improve. It will be a LONG time until (if) silver ever sees $173 an ounce.
i'm surprised these sold out again. i logged in late this morning expecting to see a huge ATS and a shiny red button to add to bag.
The ATS was quite large at 188,000, but it did sell out in 32 minutes with no HHL
that's crazy. well i'm curious what these will sell for in a few years. I had a few of mine graded and it wasn't good.
Now that you mention that, when I went to see what the status of sales on Ebay has been lately, I found more than a handful being auctioned off with "milk spots", bringing $40-$100
Ouch! I had 3 graded and they each came back different. 68, 69, 70. I should have looked at them more closely before submitting, but I was in such a rush.
At 500,000 about $10 over spot
All comments reflect the opinion of the author, even when irrefutably accurate.
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Is that why i'm in a 4 minute wait room???????
What? 120,638 available after 188,000 yesterday?????
ats": 120638,
i logged into a waiting room and was shocked to see this myself.
Feels like they are just jerking around the FOMO crowd. I was shocked when they supposedly sold out yesterday.
I didn't say anything because, for once, I had nothing to say. But I really didn't understand why people were chasing 500K of these when they didn't care about 60K that were not dual dated.
Now I know. They weren't. They are still available, and will probably not sell out at all. 500K ounces of silver at 3x spot is a lot.
In hindsight, they likely had a website glitch yesterday, and probably only sold around 70K before they went Unavailable. It's not 120K on top of 190K, because 200K is all they had left from the 500K maximum mintage after selling 300K in February.
It seemed insane that 188,000 sold out in 32 minutes. Someone tracking them in the comments section of a Coinnews article stated that 10,000 and 15,000 lots vanished at two distinct points in the sale which seemed incredible at the current secondary prices. Hopefully that was a glitch as you say, as selling 600,000 + and blowing past another stated mintage limit would be surprising We will find out more next week when sales figures come out.
Now today’s extremely slow pace of sales seems more in line with reality. Last I checked around 5 Pm, there was a little more than 100,000 left to sell.
Yes. No way they would blow through the limit by 100K.
188K in half an hour, after 300K a few months ago, did seem insane. Because it was.
I didn't say anything yesterday because I was speechless. And now we know.
It didn't happen. 120K did not sell yesterday and come back today. They obviously had an issue and stopped sales at around 70K yesterday. They fixed it today, and the missing 120K popped up available for sale.
I was stunned by it myself, and wondered if somebody out there felt that someday, down the line, they would be a profit center for them. It seemed unfathomable, but I’ve been wrong before when it comes to the moods, tastes and desires of other coin collectors. That’s why I like to hear the opinions of others. I may be older, but I still like to learn.
Today’s action, or lack thereof, was more like what I expected yesterday to be. As you said, moving 60,000 was easy, but that satisfied demand to the point they barely move now on the secondary market unless they’re 70s and certified as such by grading companies.
Correct. I never understood the attraction of 500K when there was a 60K alternative. Turns out that it was always illusory.
Due to the games the Mint has been playing in recent years, my money is on people seeing 300K in February and gobbling them up, betting that there wouldn't be any more. Because the Mint has short struck lots of things lately.
Also people being excited about dual dates and privy marks. But now, they are a dime a dozen, and the novelty has worn off.
So the flippers did their thing, as did the telemarketers. That's now over, and everyone has moved on to the next big thing.
The thing that's really killing these now is the tepid demand for the Congratulations coins. To be honest, I don't even understand how they sold another 100K of these.
Whatever. I didn't chase them in February due to the mintage. I also had no interest yesterday. Or today. Or tomorrow.
Too many other interesting things to chase this year.
I did in fact subscribe to this one due to the 1776-2026 dual date and liberty bell privy. Once I saw it, I was over it and rather quickly sold it without any second thoughts. As I told you before, I wanted the Congrats Eagle to bookend my father’s 1986 Eagle and now I’m content. As you said, there are far more interesting things to chase this year and a 500,000 mintage silver Eagle isn’t one of them in my book.
As far as “the next big thing”…..I’m looking at the remaining schedule and I’m running out of things to add. The BOM set is on my radar, but the second half of the year doesn’t offer me all that much.
Agreed! That said, BOM is going to be 4 more sets at increasing pricing. That's far from nothing.