@jmlanzaf said:
I'm going to just throw this up there for information because I've NEVER seen this before from the Mint.
As you may know, I ended up buying more than 600 of the Uncirculated sets. The first 400 looked perfect when they arrived with only the occasional edge ding on the boxes, which is normal for shipping.
Now, we all know that they will sell returns once they have been inspected. What I have NEVER seen in 30 years of doing this, is their selling boxes that have been TAPED BACK TOGETHER. [I had a humorous thread about these, but PCGS deleted it. Odd.] These were obviously returns. The coins were actually fine. Although I will note that the cents had a fair amount of die polish which might be why people returned them and one of the sets had a quarter that had moved into its neighbors hole. But in the last group of 150 sets, I actually had SEVENTEEN (17) of these taped together sets.
I couldn't sell them as sets - they looked horrible - so I cut the cents out and have been selling them singly. I've actually sold 5 pairs of cents at $139 each and I'm only selling the sets at $155. FWIW.
Very unusual behavior for the Mint. They usually would have reboxed them. Some of the sets could have had the flap glued back down and no one would have known. But they taped them back together.
Yeah, well, they're getting lazy and they just don't care. Not a problem with these, because they are still a flip and you are not the only one doing what you are doing.
With other things, it is what it is. An outside contractor that doesn't care, because it's not their money, and not their lost sale.
The Mint deserves exactly what it is getting here, by outsourcing to save a few bucks. Because we all know they can't possibly be making enough at $124.50 per set to justify the cost of bringing fulfillment in house. 🤣
@jmlanzaf said:
I'm going to just throw this up there for information because I've NEVER seen this before from the Mint.
As you may know, I ended up buying more than 600 of the Uncirculated sets. The first 400 looked perfect when they arrived with only the occasional edge ding on the boxes, which is normal for shipping.
Now, we all know that they will sell returns once they have been inspected. What I have NEVER seen in 30 years of doing this, is their selling boxes that have been TAPED BACK TOGETHER. [I had a humorous thread about these, but PCGS deleted it. Odd.] These were obviously returns. The coins were actually fine. Although I will note that the cents had a fair amount of die polish which might be why people returned them and one of the sets had a quarter that had moved into its neighbors hole. But in the last group of 150 sets, I actually had SEVENTEEN (17) of these taped together sets.
I couldn't sell them as sets - they looked horrible - so I cut the cents out and have been selling them singly. I've actually sold 5 pairs of cents at $139 each and I'm only selling the sets at $155. FWIW.
Very unusual behavior for the Mint. They usually would have reboxed them. Some of the sets could have had the flap glued back down and no one would have known. But they taped them back together.
That was the point I had made earlier in this thread..it appears the cents sold individually and the rest of the set sold separately total a higher price than the sets sold sealed and you also get to screen the coins first should you believe you have a shot at an MS-69 cent.
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.
@jmlanzaf said:
I'm going to just throw this up there for information because I've NEVER seen this before from the Mint.
As you may know, I ended up buying more than 600 of the Uncirculated sets. The first 400 looked perfect when they arrived with only the occasional edge ding on the boxes, which is normal for shipping.
Now, we all know that they will sell returns once they have been inspected. What I have NEVER seen in 30 years of doing this, is their selling boxes that have been TAPED BACK TOGETHER. [I had a humorous thread about these, but PCGS deleted it. Odd.] These were obviously returns. The coins were actually fine. Although I will note that the cents had a fair amount of die polish which might be why people returned them and one of the sets had a quarter that had moved into its neighbors hole. But in the last group of 150 sets, I actually had SEVENTEEN (17) of these taped together sets.
I couldn't sell them as sets - they looked horrible - so I cut the cents out and have been selling them singly. I've actually sold 5 pairs of cents at $139 each and I'm only selling the sets at $155. FWIW.
Very unusual behavior for the Mint. They usually would have reboxed them. Some of the sets could have had the flap glued back down and no one would have known. But they taped them back together.
That was the point I had made earlier in this thread..it appears the cents sold individually and the rest of the set sold separately total a higher price than the sets sold sealed and you also get to screen the coins first should you believe you have a shot at an MS-69 cent.
And I will repeat my caveat to that. You'll have a hard time selling sets without cents. Very few people want the other coins alone.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
I'm going to just throw this up there for information because I've NEVER seen this before from the Mint.
As you may know, I ended up buying more than 600 of the Uncirculated sets. The first 400 looked perfect when they arrived with only the occasional edge ding on the boxes, which is normal for shipping.
Now, we all know that they will sell returns once they have been inspected. What I have NEVER seen in 30 years of doing this, is their selling boxes that have been TAPED BACK TOGETHER. [I had a humorous thread about these, but PCGS deleted it. Odd.] These were obviously returns. The coins were actually fine. Although I will note that the cents had a fair amount of die polish which might be why people returned them and one of the sets had a quarter that had moved into its neighbors hole. But in the last group of 150 sets, I actually had SEVENTEEN (17) of these taped together sets.
I couldn't sell them as sets - they looked horrible - so I cut the cents out and have been selling them singly. I've actually sold 5 pairs of cents at $139 each and I'm only selling the sets at $155. FWIW.
Very unusual behavior for the Mint. They usually would have reboxed them. Some of the sets could have had the flap glued back down and no one would have known. But they taped them back together.
That was the point I had made earlier in this thread..it appears the cents sold individually and the rest of the set sold separately total a higher price than the sets sold sealed and you also get to screen the coins first should you believe you have a shot at an MS-69 cent.
And I will repeat my caveat to that. You'll have a hard time selling sets without cents. Very few people want the other coins alone.
Yes, but they do sell pretty routinely if priced right in the $40 range
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.
@jmlanzaf said:
Bought another 21 sets this morning when they came available...smh...I really need to stop looking
The first step to recovery is admitting you have a problem……😜
Just kidding with you. I’m surprised that these keep coming back into inventory so often. They have to run out at some point. Still under mintage limits??
@jmlanzaf said:
Bought another 21 sets this morning when they came available...smh...I really need to stop looking
The first step to recovery is admitting you have a problem……😜
Just kidding with you. I’m surprised that these keep coming back into inventory so often. They have to run out at some point. Still under mintage limits??
Yes. They are certainly not making more. But, as long as they are selling them, they will continue to process returns, bad credit cards, undeliverable items, etc. If there is nothing wrong with them, they will eventually make their way back into inventory.
@jmlanzaf said:
Bought another 21 sets this morning when they came available...smh...I really need to stop looking
The first step to recovery is admitting you have a problem……😜
Just kidding with you. I’m surprised that these keep coming back into inventory so often. They have to run out at some point. Still under mintage limits??
Yes. They are certainly not making more. But, as long as they are selling them, they will continue to process returns, bad credit cards, undeliverable items, etc. If there is nothing wrong with them, they will eventually make their way back into inventory.
The surprise is not that they keep selling them but that they keep returning them. These have been out there a long time and have reappeared multiple times, sometimes multiple thousands of units. Yet, this entire time they have been flippable. It's a bit surprising.
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
Yeah, well, they're getting lazy and they just don't care. Not a problem with these, because they are still a flip and you are not the only one doing what you are doing.
With other things, it is what it is. An outside contractor that doesn't care, because it's not their money, and not their lost sale.
The Mint deserves exactly what it is getting here, by outsourcing to save a few bucks. Because we all know they can't possibly be making enough at $124.50 per set to justify the cost of bringing fulfillment in house. 🤣
That was the point I had made earlier in this thread..it appears the cents sold individually and the rest of the set sold separately total a higher price than the sets sold sealed and you also get to screen the coins first should you believe you have a shot at an MS-69 cent.
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.
Lot of returns going back out. I wonder if the Mint is forfeiting ordering privileges to repeat and/or excessive offenders?
And I will repeat my caveat to that. You'll have a hard time selling sets without cents. Very few people want the other coins alone.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, but they do sell pretty routinely if priced right in the $40 range
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.
Bought another 21 sets this morning when they came available...smh...I really need to stop looking
All comments reflect the opinion of the author, even when irrefutably accurate.
The first step to recovery is admitting you have a problem……😜
Just kidding with you. I’m surprised that these keep coming back into inventory so often. They have to run out at some point. Still under mintage limits??
Yes. They are certainly not making more. But, as long as they are selling them, they will continue to process returns, bad credit cards, undeliverable items, etc. If there is nothing wrong with them, they will eventually make their way back into inventory.
The surprise is not that they keep selling them but that they keep returning them. These have been out there a long time and have reappeared multiple times, sometimes multiple thousands of units. Yet, this entire time they have been flippable. It's a bit surprising.
All comments reflect the opinion of the author, even when irrefutably accurate.