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Any News On 25th Anniversary ASE Set?

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Mach1's Avatar
United States
301 Posts
 Posted 10/21/2011  6:17 pm  Show Profile   Bookmark this reply Add Mach1 to your friends list Get a Link to this Reply
Yeah, I want to buy the 5 sets too. I'm not sure the "boss" will let me. I'm hoping to sell off some of them and make the ones I keep free.
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acloco's Avatar
United States
3540 Posts
 Posted 10/21/2011  7:23 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
NP6 was shipped overnight to me.
Valued Member
silverguy's Avatar
United States
109 Posts
 Posted 10/22/2011  08:43 am  Show Profile   Bookmark this reply Add silverguy to your friends list Get a Link to this Reply
This will be my first time loggig onto the US Mint site minutes before (I will be on 30 min before) the release Date and Time and try and purchase something the Minite it comes out. I am curious my chances on getting one? I am thinking better than 80% but a very slow process? Just wondering. Thanks guys...
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clairhardesty's Avatar
United States
1027 Posts
 Posted 10/22/2011  10:16 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
If you slug through the slowdown that will occur, you will 100% get what you are after. I have done this several time since the early 2009 mad dash for the UHRDE and can offer some advice. First, sometimes the site will log you off right at noon Eastern. This can force you to go through the login steps when the site is dog slow. If this happens to you just put up with it and continue. Sometimes the site is so slow that pages time out and the back button may or may not work. Again just maintain your cool and keep trying. In the case of the UHRDE, it took me an hour and 20 minutes to place my order. By 3:00PM Eastern, the site was wide open (I placed another order without any issues). On the Lincoln Coin and Chronicles set later that year, it only took 40 minutes to slug through an order. It only took me 8 minutes to complete my order for the Hot Springs 5oz ATB in April of this year. In reality, if you wait until 1:00PM or 2:00PM Eastern time on the 27th you will probably sail through with an order and still be in well before the end of product. There is a "knee in the curve" where the system suddenly becomes able to handle the order load without any problems and that happens long before all available product is sold. Because of the system limitations, they don't get that many orders through when the system is grinding, they actually process orders far faster once things calm down. Bottom line, go ahead and (like me) try your best to be one of the first to get your order in, they really do ship on a first in first out basis and it will take more than a few days to ship all of the orders for this set. Don't be discouraged if the system logs you off or pages keep failing to load, just keep trying and you will succeed and you will get product. Don't panic. Also, the site has a 30 minute time out on logins. This means that is you log in and don't do anything that it will log you off automatically, logging in early does not help you at all. However, it seems to have trouble telling time when it is overloaded and may timeout a login in five minutes. As far as I can tell, the mint has not done anything to improve their system since the UHRDE.
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Mach1's Avatar
United States
301 Posts
 Posted 10/22/2011  11:56 am  Show Profile   Bookmark this reply Add Mach1 to your friends list Get a Link to this Reply
Is there any advantage to just calling in an order instead fighting with the website?
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clairhardesty's Avatar
United States
1027 Posts
 Posted 10/22/2011  12:21 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I have never called in but I understand that the phone lines will be swamped as well. It may be possible that a phone rep can easily enter an order even when the website is choking so your order won't be delayed by them having to fight to enter it but you have to get through in the first place. At least on-line, you make steady (but very slow) progress toward order confirmation. With a phone order you make no progress at all until you get through to a rep. There is no reason not to do both in parallel and stop one when the other works.
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silverguy's Avatar
United States
109 Posts
 Posted 10/22/2011  5:17 pm  Show Profile   Bookmark this reply Add silverguy to your friends list Get a Link to this Reply
Thanks Clairhardesty
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perfessor's Avatar
United States
927 Posts
 Posted 10/23/2011  12:13 am  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
What is the big deal with sending in the set(s) to TPG in the original sealed box? Why does it have to be sealed? 2 of the coins won't be available elsewhere anyway. And if none of the TPG's will put all 5 coins in a package, they why does it matter?

I intend to order 1 of these sets (all I can afford right now) and I do not intend to send it in for grading. I just don't understand the reasons. Besides, there is no way I could forward this set without looking at them first. It would drive me nuts! I have to see them.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 10/23/2011  02:14 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
If the set is not sent in a mint sealed box, the TPGs won't label the 3 non-unique coins as having come from the anniversary set. While we know that such a label does not change the coin, there are plenty of people who will pay a premium for coins with the set label. PCGS lists the following retail values for the 2006 proof SAE (in PR70).

Normal coin: $160
Normal first strike: $185
Anniversary coin: $200
Anniversary FS: $275

There shouldn't be any FS coins with this set since it will sell out in a matter of days, making every coin delivered in a set eligible for FS/ER labels. This data doesn't mean the coins are really worth more, if you remove them from the slab you can't tell which is which, but it does mean that some people really do pay for the labels.
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amassey08873's Avatar
United States
584 Posts
 Posted 10/23/2011  03:25 am  Show Profile   Bookmark this reply Add amassey08873 to your friends list Get a Link to this Reply
I feel theirs way to much trust being placed sending sealed boxes. I mean what stops them from swapping out coins for them selves or dealers who pay a little side money to get x amount of 70's. I'll open my set, look at it and say screw the special holder, thats all I'm interested in anyway. I don't like that idea one bit. I can just feel something shady is going on their. Your receipt should be good enough to have a special label. What a con!
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amassey08873's Avatar
United States
584 Posts
 Posted 10/23/2011  03:28 am  Show Profile   Bookmark this reply Add amassey08873 to your friends list Get a Link to this Reply
I'm sorry have to say it again! Why sealed boxes, there suppose to work for us. Right.
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Bizybackson's Avatar
United States
1817 Posts
 Posted 10/23/2011  04:28 am  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
amassey: nice to see you back! It is unethical for the TPG to swap another submitter's coins with your sealed coins, even though you never set eyes them, you should get back what was in your original box... That said, there will be thousands of coins coming from all directions all at once, so beware. There were some rumored swapping out of coins at a TPG with the 2010 5oz. bullion, particularly from the volume dealers that didn't like the "grades" they received. Very unethical, if true.

The heart of the matter is a high profile/high volume customer is going to get most of MS70s, e.g. a VIP submitter that submits a 100 sets is bound to get a handful of complete 70s, unlike the single collector that submits two. Visually, a MS69 is practically indistinguishable from a MS70, however, if you support the TPG's revenue stream, they will be happy to reward you with MS70s. It's not a matter of luck or chance, it's how much you are willing to pay through the nose. The TPGs call the tune, as condition hogs/label lovers of modern US coins ARE the revenue stream now, not classic coins. It is really up to you whether or not a label makes a difference, either in shelling out the fee for your sight unseen coins or at the bourse, paying the exhorbitant difference between 69 and 70 on a modern proof. For my money, I'd rather buy actual coins at a fair agreed upon price, rather than purchase a printed piece of paper and a collection of useless plastic. The TPGs and modern US issues are a real disgrace to the hobby, it has a formidable chance of ruining the hobby for everyone. Just my opinion.
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tartop's Avatar
75 Posts
 Posted 10/23/2011  08:44 am  Show Profile   Bookmark this reply Add tartop to your friends list Get a Link to this Reply
OK thanks for the info Foxwoods Man, I guess I will go back to my shipping settings and change it back to the $4.95 option. And you are right clairhardesty they will not refund the $12.95.
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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 10/23/2011  09:26 am  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
What will it cost to have these graded? $17 per coin plus $8 handling for the order? Is there anything else?
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clairhardesty's Avatar
United States
1027 Posts
 Posted 10/23/2011  09:37 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
I do plan on buying more than the one set for my collection and I am going to try to buy them one at a time to get them in individual mint sealed boxes. I do not have any plans to send them in for grading anytime soon, possibly never. If I ever sell any of the sets, I would prefer to offer mint sealed sets to prospective buyers. Such sets should be eligible for anniversary labeling at any time in the future. No reputable TPG will slab one of the non-unique coins from an opened set with a 25th anniversary set label so if you want your coins slabbed that way and are worried about mix ups, wait until the grading frenzy dies down (a month or two after receipt) and use one of the four top TPGs (ANACS, ICG, PCGS, or NGC). If you don't care what kind of label the coins have and all you want is a slabbed, graded coin then feel free to open the box and examine the coins before sending them in. While some people like all coins in their collection in slabs, I personally see no reason to slab a coin that I don't plan on selling. The mint capsules are just as good of a long term storage medium as a slab for all but the uber rarities that I can't afford so I just can't see paying for the slab. I am to the point where I trust my grading as much as that of any TPG for the coins that I collect and I think many people put too much weight on a TPG grade. After all, a very high end MS64 is not really worth much less than a very low end MS65, and even the best graders are not so consistent that there isn't crossover in grading. Each coin is unique and should be evaluated individually when buying. When I do buy slabbed coins, I examine each one and will only pay what I think the coin is worth, paying little regard to the number on the tag. I think a coin needs to stand on its own right, label be darned.

As of last Monday there were 771,792 2011 proof silver Eagles already sold, along with 190,927 W mint uncirculated coins and over 36 million bullion coins. Certainly, the 100,000 S mint bullion coins ( no mint mark but the mint has said that the bullion coin used in the sets were minted at SF), a fraction of which will actually be slabbed with the 25th anniversary set label, will be cherished by those to whom the label matters and secondary market buyers will, on average, pay a premium for such coins. That is just the way things are. I don't care and no longer know which of my 2006 proof and unc Eagles came from the 20th anniversary set (I only put the capsules away in the safe box) and the same will probably be true of these new coins that get into my collection.
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