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 Replies: 1,517 / Views: 102,420 |
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Pillar of the Community
United States
2295 Posts |
It is $149.95 per set. Kind of steep, but I guess the reverse proof is more expensive?
I tried their web site, but it isn't responding well. I'll try to order 2-3 sets next week.
Edited by wquinn
06/07/2012 1:25 pm
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Pillar of the Community
United States
5862 Posts |
Quote:
but expect the RP to sell for around $400 Seriously? Is that raw or PF70 slabbed? Are the 2006/2011 RPs even going for that amount with their (presumably) smaller mintage? Hmmmmm.... OK, well, I finally got into the Mint ordering site and ordered two sets. One for my collection and one to sell if the prices really do take off to insane heights. I may end up regretting not getting more down the line, but I just can't justify (to myself or my wife) spending that high of a premium on so many sets when there may end up being 10 million of them minted. Of course, I say that now. If silver rises dramatically in the next month I may have to buy a few more sets (assuming the Mint doesn't raise the price any)... Edited by barryg
06/07/2012 1:42 pm
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Pillar of the Community
United States
3453 Posts |
Yeah! Just finished ordering our two. One for me and my hubby, the other for his father.
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Pillar of the Community
United States
1116 Posts |
The mint did say that shipping would begin in late July. So if we get dinged product we will not be able to get it replaced or possibly the mint may ship us replacements that were rejected by someone else.
So barring receiving someone elses rejects do you order large keep the best and return the rest for credit.
I do hope that the quality on these coins are better than the quality that I received for the 2012 Presidential proof coins I received that were minted at the same facility.
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Pillar of the Community
United States
1817 Posts |
70 might be the new 69 for products coming from the SF mint. In the June issue of Coin World, there is an extensive article about the robotic processing of proof coins, particularly this set, so after washing and drying the prepunched silver blanks, the finished coin is never touched by human hands again until it reaches the consumer. Wouldn't be surprised if they are aiming for a clean room environment, if it hasn't been in place already, so the number of quality control issues should be miniscule. |
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Pillar of the Community
United States
1116 Posts |
Quote:
It is $149.95 per set. Kind of steep, but I guess the reverse proof is more expensive?
I don't think that the reverse proof is more expensive, just that the mint is diging deeper into our pockets for more money for. Manufacturing process is the same for regular proof's versus a reverse proof. Maybe just the machines are different. The more exclusive the product designation the more that can be charged for the product and the more that we will pay. |
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Pillar of the Community
United States
1817 Posts |
Quote:
I don't think that the reverse proof is more expensive, just that the mint is diging deeper into our pockets for more money for. Manufacturing process is the same for regular proof's versus a reverse proof. Maybe just the machines are different. The same amount of work goes into finishing the proof and reverse proof dies, it is just they are vapor blasted in different places and eventually minted by the same press. The Mint can and will charge more, because 1) it can, and 2) collectors word of mouth have made it into a special product and the ASE is the Mint's most popular product so they tack on a hefty premium onto the RP, which is extra money that goes straight into someone's pocket. |
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Pillar of the Community
1283 Posts |
I'm gonna send off 4 sets to NGC then keep one raw for my album.
I love about anything from the US Mint.
Whats the worst thing that could happen, It ends up costing me a few bucks more then it should have? OH WELL
I just couldn't believe I got through on my first phone call, and had the whole transaction completed by 12:05
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Valued Member
 United States
301 Posts |
Ordered my one set, wow the Mint's website is choking bad. I will probably order one more set before the window closes.
Did anyone see this alleged "counter" that they are suppose to have on the website to show how many sets were sold? I didn't see it.
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New Member
United States
39 Posts |
The Mint website is down and phone is busy!
Hope they don't change the rules
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New Member
United States
39 Posts |
Mint website is up and was able to smoothly order 2 sets. They added the counter at the top of the page but won't start till 3pm tomorrow. Any action on ebay? |
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Pillar of the Community
United States
1770 Posts |
wow the mints website was utter madness today, I knew it was going to happen ( my ipad/iphone4) analogy came to pass everyone has no patience must have now! - my hulk impression haha  |
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Pillar of the Community
United States
1027 Posts |
I just ordered two sets (and a $3 fancy dollar box to get complementary fast shipping). I will order more after next payday, I plan to get five in all and may order the other three one at a time. I will decide if I want more than five total once I see the coins in hand. San Francisco has always made such nice coins and if the ones in this set are up to their normal quality standards I may want more. I still think this set is being offered at a bargain, the normal proof sells for $60 and I think the RP would go for $90 by itself and that covers the $150 with no cost for packaging. The 2011 set, with 1 PR, 1 RP, 2 UNC, and 1 BUL, would be $60 + $90 + $45 + $45 + $40 = $280, leaving $20 for packaging. Yes, I put $40 for the bullion coin because that is what I think the mint would be charging for them in single quantities with that blue velvet box, the outer cardboard box and the COA.
In terms of an order surge right after noon ET, I expected that the bulk of dealer orders would come in first thing today because many of them want to be the first to receive coins so they can get them graded and on sale within a day or two of first shipments. My order, number ~39747xxx, will probably be in the second or third day of shipments based on what transpired with the 2011 sets.
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Pillar of the Community
United States
1027 Posts |
Reverse proof die (and therefore RP coins) are considerably more expensive to produce and do not last as long as normal proof die. Normal proof die are highly polished on the flat surface then laser "sand blasted" by a computer driven laser on the devices. Reverse proof die are carefully hand polished in the devices then laser blasted on the flat fields. The device polishing on the RP die is a much more expensive step than anything done for the normal proof die. Also, the RP die are hardened more than normal proof ones and receive an additional chrome nitride deposition to further harden the surface to help reduce wear. Both proof and reverse proof coins are struck on planchets made from the same highly polished blanks.
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Pillar of the Community
1283 Posts |
I'm gonna order one more to keep in the original Mint packaging. Let's see according to my watch it is 3:44 CST, CHECK. :)
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Replies: 1,517 / Views: 102,420 |
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Posted 06/07/2012 1:41 pm
