I timed the b/o status at just after 5pm EST , you quote 4:33 filled and 4:40pm not filled - both placed after b/o
Well anyway, we are very close on times, remember, the orders at or closely following b/o can be filled with new product if others "ahead" of you in line fail cc checks, etc.....
It is good to hear that your 4:40pm order still sits and waits......not for you, but for our analysis - I've heard of other 5pm orders of 50+ coins (several this large) sitting and waiting, not delivered, not charged
Keep in mind the USM sales reports cutoff at 10/21 4-5pm per our initial report by forum members, approximately at 1/4 oz b/o time.....at 615 coins sold.
Less than a week later, the next sales report shows 1500 more coins sold. However, none were delivered to this date. Now , they are sold out.
Hence my opinion that no more than 1000-1200 coins exist, maybe less. The other 900-1100 coins are simply orders taken that will never be filled.
Well, those are the times that I had on my e-mails from the Mint so I cannot say they are absolutely 100% correct all the time.
But anyways, one of my b/o's got filled on the 29th and one 7 minutes later ( 33 oder #'s after) are still open. I might get some "tenniss elbow ones" if I don't cancel it first.
Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent. San Diego, CA
So what is your guess as to how many 1/2 and 1 ounce are left before sellout? I will guess 500 1/2 ounce and 400 1 ounce. That will take a long time to sellout probably.
I'm sure the ones that returned for a scratch or other error will be melted.
The Mint sent be a replacement on some of my coins, instead of a refund. When I called to straighten things out, I learned that if you mark your return form as "changed my mind", you will not get a postage refund. However, if you mark your return as "damaged", you will be able to get a postage refund.
I also learned something else. Although I placed 3 separate orders and received 3 separate orders, when I made my returns I put them all in one box. Since they all went into one box, I only used one of the return labels. Here's the interesting part - when the Mint received the box, I got an email that only the coins that the label was printed for were shown as "received" by the Mint. When I called to straighten it out, all of the returns were credited, except for the ones they mistakenly replaced.
Here's how these two things relate to the Mint's system:
1) I don't think that the Mint actually inspects returns. If a return form says "changed my mind", I think that they go ahead and resell it. If the return form says, "damaged" - I am willing to bet that they melt the coins. What I am saying is that I don't believe that the Mint has any QC function built into the returns/inventory system.
2) I think that the Mint's returns/inventory status must be tied directly to the printed labels. I would bet that when a return is logged in, the label is scanned and the inventory adjustment is made.
How does that impact the 1,500 coins that sold but didn't exist? I dunno, but I'm still trying to tie the workings of their system together. From a practical standpoint, it does seem like they just logged orders up to a point and then cut them off, thinking that a certain number of returns would be used to fill a certain percentage of the orders that came in after inventory was depleted.
Q: Are You Printing Money? Bernanke: Not Literally
As an add-on jmski52's post on returning coins to the US Mint, I have returned multiple orders in one box and not had any problems. When I returned multiple orders in one box, I also included a cover letter itemizing the different orders and then stapling the packing slips together. I have not encountered any problems in the past other than the speed at which this is acknowledged which has varied widely.
<< <i>As an add-on jmski52's post on returning coins to the US Mint, I have returned multiple orders in one box and not had any problems. When I returned multiple orders in one box, I also included a cover letter itemizing the different orders and then stapling the packing slips together. I have not encountered any problems in the past other than the speed at which this is acknowledged which has varied widely. >>
What method of shipping did you guys use to return your coins? Have not decided if I want to return any or not at this point...
<< <i>As an add-on jmski52's post on returning coins to the US Mint, I have returned multiple orders in one box and not had any problems. When I returned multiple orders in one box, I also included a cover letter itemizing the different orders and then stapling the packing slips together. I have not encountered any problems in the past other than the speed at which this is acknowledged which has varied widely. >>
What method of shipping did you guys use to return your coins? Have not decided if I want to return any or not at this point... >>
Is platinum more difficult to work with in unc style vs proof?
For the most part, the people talking returns are wannabe flippers disappointed with higher than expected sales figures and tepid secondary market sales, returning in the 30 day window.
I have proof and unc coins, and my personal preference is for the uncirculated finish. I find it easier to appreciate the design without the mirrored background.
I have proof and unc coins, and my personal preference is for the uncirculated finish. I find it easier to appreciate the design without the mirrored background.
I've always liked the Proofs, but the pre-2004 Regular Uncs were actually nice, too. Some of the devices were brilliant, but not overdone, like the Reverse Proof of 2007. Now, the Regular Uncs are just a toned-down Satin finish.
Until this year, the Satin Uncs that I'd recieved didn't seem notable, but this year the Satin Uncs look really nice. I think that the longer the die is used, the "flatter" the finish becomes. Last year, I ordered late, and one of the coins had a rainbow effect across the obverse due to the light refraction from the flattened frost. Some of the others looked "sintered" even though they weren't.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
<< <i>10/21 between 5-6pm was the backorder point for $25 unc's
orders before that should have been filled
orders after that could be filled, but probably limited to returns
all my opinion - of course.....but supported by no real receipts of coins after backorder occurred >>
I ordered a few on October 21 but very early 1:51 am......2008 AE PLAT UNC MM 1/4 OZ 25 $319.95 $7,998.75 25 units shipped on 10/24/2008
LALASD4 - saw the PST- you were very close to b/o at 4:30, I believe it went b/o after 5pm EST
yours were before b/o......
San Diego, CA
I timed the b/o status at just after 5pm EST , you quote 4:33 filled and 4:40pm not filled - both placed after b/o
Well anyway, we are very close on times, remember, the orders at or closely following b/o can be filled with new product if others "ahead" of you in line fail cc checks, etc.....
It is good to hear that your 4:40pm order still sits and waits......not for you, but for our analysis - I've heard of other 5pm orders of 50+ coins (several this large) sitting and waiting, not delivered, not charged
Keep in mind the USM sales reports cutoff at 10/21 4-5pm per our initial report by forum members, approximately at 1/4 oz b/o time.....at 615 coins sold.
Less than a week later, the next sales report shows 1500 more coins sold. However, none were delivered to this date. Now , they are sold out.
Hence my opinion that no more than 1000-1200 coins exist, maybe less. The other 900-1100 coins are simply orders taken that will never be filled.
But anyways, one of my b/o's got filled on the 29th and one 7 minutes later ( 33 oder #'s after) are still open. I might get some "tenniss elbow ones" if I don't cancel it first.
San Diego, CA
but given the amount of backed up orders, over a thousand orders will be cancelled.....
my opinion is the biggest "goof" on the sales numbers rests with these 1/4 unc-w's
I will guess 500 1/2 ounce and 400 1 ounce. That will take a long time to sellout probably.
<< <i>what will the USM do with returned $25 unc-w coins?
very simply put - send them to the customers who placed orders for 1500 coins when they didnt exist!!! Thats what they will do.... >>
Obama Phenoma - a redistribution of wealth.
Wait until he tells you to crack open your rolls of sac and presidential dollars and hand them out to the unfortunate souls who do not have them.
The Mint sent be a replacement on some of my coins, instead of a refund. When I called to straighten things out, I learned that if you mark your return form as "changed my mind", you will not get a postage refund. However, if you mark your return as "damaged", you will be able to get a postage refund.
I also learned something else. Although I placed 3 separate orders and received 3 separate orders, when I made my returns I put them all in one box. Since they all went into one box, I only used one of the return labels. Here's the interesting part - when the Mint received the box, I got an email that only the coins that the label was printed for were shown as "received" by the Mint. When I called to straighten it out, all of the returns were credited, except for the ones they mistakenly replaced.
Here's how these two things relate to the Mint's system:
1) I don't think that the Mint actually inspects returns. If a return form says "changed my mind", I think that they go ahead and resell it. If the return form says, "damaged" - I am willing to bet that they melt the coins. What I am saying is that I don't believe that the Mint has any QC function built into the returns/inventory system.
2) I think that the Mint's returns/inventory status must be tied directly to the printed labels. I would bet that when a return is logged in, the label is scanned and the inventory adjustment is made.
How does that impact the 1,500 coins that sold but didn't exist? I dunno, but I'm still trying to tie the workings of their system together. From a practical standpoint, it does seem like they just logged orders up to a point and then cut them off, thinking that a certain number of returns would be used to fill a certain percentage of the orders that came in after inventory was depleted.
I knew it would happen.
San Diego, CA
<< <i>As an add-on jmski52's post on returning coins to the US Mint, I have returned multiple orders in one box and not had any problems. When I returned multiple orders in one box, I also included a cover letter itemizing the different orders and then stapling the packing slips together. I have not encountered any problems in the past other than the speed at which this is acknowledged which has varied widely. >>
What method of shipping did you guys use to return your coins? Have not decided if I want to return any or not at this point...
<< <i>
<< <i>As an add-on jmski52's post on returning coins to the US Mint, I have returned multiple orders in one box and not had any problems. When I returned multiple orders in one box, I also included a cover letter itemizing the different orders and then stapling the packing slips together. I have not encountered any problems in the past other than the speed at which this is acknowledged which has varied widely. >>
What method of shipping did you guys use to return your coins? Have not decided if I want to return any or not at this point... >>
Registered.....I sent back five 1/4ozers.
It shows backorder 11/21 which has been pushed back several times so far.
I guess this means I either get a return or squat!
Truthfully I find the proof very attractive and the unc similar to an ASE unc.
I really only wanted to collect the 2006-2008 series in 1/2 oz (due to the reverse proof).
These are expensive coins and I have no crystal ball.
My goal (unchanged) is to collect them as a subset.
Why so many returns on these coins?
Is platinum more difficult to work with in unc style vs proof?
Is platinum more difficult to work with in unc style vs proof?
For the most part, the people talking returns are wannabe flippers disappointed with higher than expected sales figures and tepid secondary market sales, returning in the 30 day window.
I have proof and unc coins, and my personal preference is for the uncirculated finish. I find it easier to appreciate the design without the mirrored background.
I've always liked the Proofs, but the pre-2004 Regular Uncs were actually nice, too. Some of the devices were brilliant, but not overdone, like the Reverse Proof of 2007. Now, the Regular Uncs are just a toned-down Satin finish.
Until this year, the Satin Uncs that I'd recieved didn't seem notable, but this year the Satin Uncs look really nice. I think that the longer the die is used, the "flatter" the finish becomes. Last year, I ordered late, and one of the coins had a rainbow effect across the obverse due to the light refraction from the flattened frost. Some of the others looked "sintered" even though they weren't.
I knew it would happen.