New Buffalo Nickels - sold out in 1 hour.

Monstavet · February 28, 2005 3:39AM

Officially backordered as of 10:00 PST. Only took one hour.

Prethen · February 28, 2005 3:45AM

Unless they have only 3 legs, who want 'em?

ellewood · February 28, 2005 3:48AM

I backed down off my 20 set order and only ordered 5. I have a strange feeling that I will be kicking myself in the butt in about 2 or 3 months. The important thing is that I got 1 set for my unborn child that will be born sometime in mid-October. What to do with the other 4......hmmmmmmmm.

wjd283 · February 28, 2005 3:49AM

I don't think they're sold out yet.I just ordered mine 5 minutes ago.

Smittys · February 28, 2005 3:50AM

Presells on ebay from 11.95 to 12.95 a set
Is this Crazy or what????

Monstavet · February 28, 2005 3:58AM

They will accept your order, but it will say item is backordered...don't worry, they are happy to charge you and collect the interest until someone returns some sets! My order was processed, but indicated a "Backorder" That was within one hour of the site actually allowing orders to be placed. We'll see.

DNADave · February 28, 2005 3:58AM

Crazy is the only word for it. I just ordered 11 sets ($44.00 face) for just over $100.00. That is the definition of crazy. I saw nothing about a sellout on the mint's web page.

kryptonitecomics · February 28, 2005 4:00AM

I just ordered as well.....and there was no mention of a backoder on the invoice...I ordered 3 set

riches123 · February 28, 2005 4:07AM

Product Name Quantity Price
(each) Total Price Item Status Cancel

2005 BISON NICKEL 500-COIN BAG (D) 1 45.95 45.95 In stock and reserved

2005 BISON NICKEL 500-COIN BAG (P) 1 45.95 45.95 1 unit backordered. Expected to ship on 03/15/2005.

2005 P AND D BISON NICKEL 2-ROLL SET 4 8.95 35.80 In stock and reserved

INXS · February 28, 2005 4:07AM

I oredered a set 5 minutes ago and it marked backordered 03/15/2005.

Neptune · February 28, 2005 7:43AM

I was just told on phone that they are ALL backordered 4-6 weeks . . . to be on safe side. When I asked about the 3/15 date, she said they like to leave that 4-6 wk. window to CTA.

kenoshapete · February 28, 2005 7:59AM

okay, so when it (the web site) says "...in stock and reserved" does that mean that it should ship soon (within a few days), or does that mean a few weeks?

Thanks for your thoughts.

Pete

Bochiman · February 28, 2005 8:42AM

Man,

A lot of whiners in a bunch of threads.
Backordered in this case, and a lot of other cases by the mint, does not mean they are sold out of what they will make and you only get them if they are returns.

It means demand exceeded existing supply. I'm in Korea and due to the timezone difference, I didn't get my order in until about an hour ago. But, that is fine with me. They will get to me soon enough (and I ordered a few other things so I still get my instant gratification). I will likely get those items right after I get back home from this trip.

For the nickels....I will get them in a few weeks most likely. It isn't like these are part of a special item or set.

Should be interesting to see how the prices go though.

tmot99 · February 28, 2005 9:28AM

They have these "on sale" dates and they don't seem to jive with the shipping dates. I have noticed this on the few things that they sold this year. I think the Sac dollars were backordered. I did end up getting them.

Remember, there is nothing special about these rolls except the wrapper. If they did sell out of their inventory, don't you think they would go over to the bag, scoop some more out and send it through the roller? They make a lot more money on selling these rolls at 2X face than selling to the Fed Reserve.

FYI, I just ordered mine and backordered until 3/15

slothman2000 · February 28, 2005 9:38AM

there only nickels...what the heck is all the comotion

Coinhusker1 · February 28, 2005 10:09AM

The Mint is selling these for double face!! Why not wait a few weeks and get them at the bank?

TheRock · February 28, 2005 10:11AM

Just ordered 5. Can't wait to get them. Who cares if their backordered. They'll all come in time.

CarlWohlforth · February 28, 2005 10:17AM

I want some proof ones! I really like these coins. I also seem to be in a minority in that I like many of the new Quarters too.

Hey: riches123, I like your icon

I have that coin sitting right here and it is much nicer than the icon photo

airplanenut · February 28, 2005 10:27AM

Ahhh... I just saved my money

TerrapinWill · February 28, 2005 10:36AM

It's not like I'm in it for the money as I only ordered 15 sets. I think they will easily double once sold out and I can dump half to pay for all of them. Put the rest of them away for twenty years. These will not come down in price.

Bikingnut · February 28, 2005 10:40AM

I just ordered some.

RonMan · February 28, 2005 11:00AM

I'm going to wait until 3/3 when the Proof Sets are released...if they are still availaible I'll probably get a roll or two.

If I felt really lucky, I'd wait untill the 15th and add the Proof Silver Eagle too...

Ron

F117ASR · February 28, 2005 11:12AM

<< I'm going to wait until 3/3 when the Proof Sets are released...if they are still availaible I'll probably get a roll or two.

If I felt really lucky, I'd wait untill the 15th and add the Proof Silver Eagle too...

Ron >>

That's what I wanted to do too but so many people said that they were ordering that I got worried I wouldn't be able to get any so I bought mine today. That's ok though. I split the shipping 3 ways with people

RonMan · February 28, 2005 11:23AM

<< I split the shipping 3 ways with people >>

Thats a great idea.

Neptune · February 28, 2005 11:52AM

They have these "on sale" dates and they don't seem to jive with the shipping dates

Exactly - that's the way it's been going lately - sometimes I think they do this on purpose to create a hubbub and increase sales.

mirabela · February 28, 2005 12:17PM

Do I just not get it? They can make as many of them as people order. People are paying multiples of face and ordering gazillions of them, so they'll never be remotely scarce. Demand can't ever be higher than it is with the excitement around the release -- can it? Buying them seems silly. Don't get me wrong -- I dutifully lay in a few rolls of each new quarter (and last year's nickels) at the bank and I don't feel too bad since they can only tank as badly as the dollar in general, no worse -- but it seems like the least likely thing in the world to appreciate. There will be millions upon millions of them preserved in mint state. Am I completely out to lunch on this?

TerrapinWill · February 28, 2005 12:23PM

It seems to me that theres a lot going on that defies conventional wisdom. I bought 15 sets at more than two times face value. I think the reason I did was because I am sure these will sell out fairly quickly, and a quick short term profit is likely. Although these nickels are the same as those that will appear in banks soon, they differ in the wrapping. And when people come to these late, as many people will, these Mint Issues will be easier to move.

I dont know how many sets they will make, but I'm pretty sure they arent going to be making more, or taking them from bags and rolling them up. I'll be happy if they double from issue price when they sell out. Ill sell most and keep a few for myself to stash for 20 years.

Does that make sense?

F117ASR · February 28, 2005 12:23PM

<< There will be millions upon millions of them preserved in mint state. Am I completely out to lunch on this? >>

No. You are correct. The thing is that hoarding will go on for a long time. Mint state examples will always be there. But in the short run these will be great. And the reason the mint doesn't just keep making as many as people order is because they want to keep sales high by making things sell out which in turn makes their products more desirable.

ajc · February 28, 2005 12:24PM

All this talk gave me an idea for the U.S. Mint. Why don't they cherry pick the coins and make the profit on them. It seems to me they are the market maker of market makers.

TerrapinWill · February 28, 2005 12:25PM

just like those sets they sold a few months ago, nothing special or of particular value, but limited and once they sold out the short term profit was amazing.

koynekwest · February 28, 2005 12:28PM

A mintage in the millions doesn't necessarily equate to a low value. Look at the modern Proof sets, like the silver 1999 set.

tlhoy · February 28, 2005 12:29PM

Just bought mine now. Says they will ship on 03/15/2005.

Nickelback · February 28, 2005 12:38PM

If you're a dealer or are going to sell in the short term, go ahead and buy them. If you're a collector who doesn't have a lot to spend, get some rolls from the mint and stash them. Simple.

remainincognito · February 28, 2005 12:52PM

I just ordered 3 sets and personally like the new design. As many have said, mine are backordered also.

FullStepJeffs · February 28, 2005 12:56PM

awe #$^%... back ordered? when will they learn?

remainincognito · February 28, 2005 11:48PM

I have yet to recieve an email notification for my order from the US Mint. I placed the order yesterday. To those who ordered from the mint, did you get an email and how long did it take?

Smittys · March 1, 2005 12:13AM

I haven't got my confirmation email either and I placed two orders yesterday,
usually the email is almost immediatly.
Anyone get thier email yet??????

dlimb2 · March 1, 2005 12:17AM

I had mine within minuites...

remainincognito · March 1, 2005 12:21AM

Hmmmm.....Do you need to have an account with the mint? I never signed up for an account, I just ordered 3 sets and checked out. I'm curious as to what date they will be shipped.

dlimb2 · March 1, 2005 12:42AM

If you did not receive email confirmation you should call the mint!!!!!!

Smittys · March 1, 2005 12:48AM

I called they said they sent one but I never recieved it, But they did tell me one order is good the other is on back order
But then said to expect the coins in 2-3 weeks from the 1st order????

remainincognito · March 1, 2005 1:00AM

I had called also and apologized for not recieving an email. They did process my order and gave me my confirmation number. It will be two to three weeks also.

kellymac · March 1, 2005 3:03AM

hmmm . . . I just picked up 20 rolls at the big release event in DC. They're a bit disappointing in that they have more contact marks than I would have expected--from only opening one roll.

There were dealers (I assume) carting away thousands of them--there was no posted limit on how many you could take away, and the news said they had $100,000 worth there.

--Kelly

tlhoy · March 1, 2005 3:06AM

2005 Westward Journey Nickel Series™ - American Bison Design, Two-Roll Set (4U8)
Each two-roll set is comprised of 80 nickels: one roll of 40 coins with the Philadelphia mint mark and one roll of 40 coins with the Denver mint mark. Each coin roll is packaged in a specially designed United States Mint paper coin wrap. Printing on the coin wrap includes “Westward Journe ...

Price: $ 8.95
More Info.

Product will be available for shipping 03/16/2005.

kellymac · March 1, 2005 3:08AM

oh, and they were bank wrapped rather than mint wrapped for some reason--well, the event was sponsored by a bank.

--Kelly

Neptune · March 1, 2005 3:18AM

I just called the mint to check on my order that I confirmed yesterday - only because their online tracking system said it could NOT find my order! She had it tho, and said to call back in a few days, that it would probably be shipped by then. L)

Sure wish I could have scored some of those nickels in Washington - they should do that in the one horse towns sometime. My little hometown bank here never has jack. I have to go to 'town', to my other bank, and still having a difficult time.

kellymac · March 1, 2005 3:32AM

Well, I suppose that's one benefit of living in the big city. Trust me, there are few, and we takes 'em as we gets 'em.

--Kelly

Whale · March 1, 2005 3:32AM

Yahoo Story said some 97 million coins being shipped from FED to the regional banks.

kellymac - At that event they were selling the bank wrapped rolls at face, correct?

kellymac · March 1, 2005 3:37AM

Yep, face value. We saw everything from the early risers and their laden carts to people buying 1-2 rolls, but the majority I think were in the 10-20 roll category like myself, with a good number buying 100-roll boxes. Just people interested enough to send to relatives, or who had a set of early buffaloes from a relative and wanted to complement them. I'm surprised that the bank-wrapped rolls aren't making it onto ebay yet!

--Kelly

ddink · March 21, 2005 2:00PM

<< Do I just not get it? They can make as many of them as people order. People are paying multiples of face and ordering gazillions of them, so they'll never be remotely scarce. Demand can't ever be higher than it is with the excitement around the release -- can it? Buying them seems silly. Don't get me wrong -- I dutifully lay in a few rolls of each new quarter (and last year's nickels) at the bank and I don't feel too bad since they can only tank as badly as the dollar in general, no worse -- but it seems like the least likely thing in the world to appreciate. There will be millions upon millions of them preserved in mint state. Am I completely out to lunch on this? >>

The Mint determines to sell a pre-set number of sets (like 500,000 or something). Why don't they make more when they sell out? Dunno, but they don't (at least they never have, ever, on any issue--to my knowledge at least).

mach1drvr · March 21, 2005 2:18PM

<< 

<< Do I just not get it? They can make as many of them as people order. People are paying multiples of face and ordering gazillions of them, so they'll never be remotely scarce. Demand can't ever be higher than it is with the excitement around the release -- can it? Buying them seems silly. Don't get me wrong -- I dutifully lay in a few rolls of each new quarter (and last year's nickels) at the bank and I don't feel too bad since they can only tank as badly as the dollar in general, no worse -- but it seems like the least likely thing in the world to appreciate. There will be millions upon millions of them preserved in mint state. Am I completely out to lunch on this? >>

The Mint determines to sell a pre-set number of sets (like 500,000 or something). Why don't they make more when they sell out? Dunno, but they don't (at least they never have, ever, on any issue--to my knowledge at least). >>

I'm sure that the mint sets a predetermined amount for mint sale and bank distribution. They have to do this since even though these are nickels with a 5 cent face value they are still legal tender. The mint cannot flood the market with these nickels due to the demand. Its like printing hundred dollar bills just for the hell of it. It would destabilize the US economy.

Just my 5cents on the matter.

By the way has anyone seen these nickels available in banks in the Philadelphia, PA area? Around here it looks like I have a better chance of finding Jimmy Hoffa than these nickels in bank rolls.

--------------------------------------------
>>Need a cool signature graphic<<

New Buffalo Nickels - sold out in 1 hour.

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