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 Replies: 753 / Views: 59,642 |
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Pillar of the Community
United States
1375 Posts |
The returns for this set continue.
Initial sales figure: 217,514
As of 8 Oct sales figure: 197,133
So, about 10% of the initial sales have now been returned.
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Pillar of the Community
United States
4901 Posts |
Quote:
Seeing some BIN SP70 sets as low as $150. A lot of auctions ending lower than that. Yup...prices have been all over the place. Yesterday a BIN went for $182.75 and another a few hours later for $132.50 (auction) |
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Pillar of the Community
United States
1044 Posts |
That seems like a lot. Wonder if the EU finish wasn't to their liking or if it was the bulk buyers realizing the flip potential is no longer there?
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Valued Member
United States
411 Posts |
i still like the looks of my sets
Edited by cuzzx
10/12/2017 7:51 pm
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Pillar of the Community
United States
1044 Posts |
Could they possibly be making money on these? Isn't the cost alone just to grade the coins close to $300?
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Pillar of the Community
United States
4901 Posts |
I read that dealer bulk grading only costs $8-10/coin
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Valued Member
United States
69 Posts |
Why the returns on these?My set was decent it is nice wish it was silver though!!
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Pillar of the Community
United States
1375 Posts |
I believe the returns are not from collectors, but are either from speculators who were hoping to flip the sets for a quick profit or from dealers hoping the sets would be a hot item.
If the sets are a quick sell out at the Mint, then the secondary demand can be strong.
This set wasn't as hot as these folks hoped and so the sets are being returned.
Once the Mint's return window expires for these early orders, the returns will likely drop off.
Edited by BadDog
10/14/2017 10:36 am
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Pillar of the Community
United States
4901 Posts |
Well....I will go with that theory for the "early orders" which were returned when the market didn't fall in love with the set...but...this set went on sale two and a half months ago...and the return window is 7 days after receipt
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Pillar of the Community
United States
1375 Posts |
I guess I should have looked at little closer at the sales trend data, rather than just the first reported and last reported sales. Here's the actual trend  The sales have actually been increasing after the initial returns from the speculators. |
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Pillar of the Community
United States
1044 Posts |
So they initially sold out, got a bunch of returns, and are now slowly increasing sales on those returns.
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Pillar of the Community
United States
1375 Posts |
I believe so.
Like Foxwoods Man said, the US Mint has a 7 day return policy (decreased from 30 days back in Feb '09) and my guess is that the delayed dip indicates how long it takes the Mint to process those returns and have them show up in the sales figures.
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Pillar of the Community
United States
1044 Posts |
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wish it was silver though!! That would have been really nice!.... though certain that would have pushed the price up to maybe $100 or so. |
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Moderator
 United States
188660 Posts |
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wish it was silver though!! That would have been really nice!.... though certain that would have pushed the price up to maybe $100 or so. I agree, it would have been nice. It might not have been that high, but it would be significantly more than the standard silver proof set. |
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Pillar of the Community
United States
1044 Posts |
We'll Mike Mezack from HSN said the penny alone is worth over a $100 bucks......so YEAH! SCORE!!  |
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Replies: 753 / Views: 59,642 |
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Posted 10/11/2017 11:49 am
