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New Silver Eagle SF Mint Two-Coin Set

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clairhardesty's Avatar
United States
1027 Posts
 Posted 07/06/2012  12:38 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
Ghostrider, the mint did an initial striking of what looks like about 150K sets before sales began. That was probably the number that they felt comfortable with in terms of selling them all. A possible reason for two more dates is fitting the remaining sets into existing production schedules, otherwise there probably would only have been one more striking for the last 100K+ sets. The mint now says that fulfillment will take from July 27 to mid October and they restate the first-in, first-served policy.
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Tpatna's Avatar
United States
1626 Posts
 Posted 07/06/2012  03:28 am  Show Profile   Bookmark this reply Add Tpatna to your friends list Get a Link to this Reply
I ordered 1 set... mint shows:

1 unit backordered. Expected to ship on 07/27/2012.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 07/06/2012  11:09 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
For all with the 7/27 ship date, there appear to be about 150K sets with that ship date and the mint has restated that fulfillment will begin on or about then and will follow FIFO as defined by the mint. It will probably take two or three weeks to get all of those orders shipped, helped somewhat by the fact that there are at least a handful of very large dealer orders I there. Whether or not all of the first striking sets will get shipped before the second striking ones are ready to go remains to be seen so we don't yet know it there will be any gaps in shipments. It is at least possible that the last of these sets won't ship until almost Thanksgiving, even though the mint is now saying that fulfillment will continue through mid October. If the mint can meet their goal, it will still take the better part of two months to get all 250K+ units shipped to buyers. I guess my main point is that even first day orders may take a week or more to ship once shipping actually begins and the other two ship dates are looking more like end dates instead of starting dates for their respective batches.
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bystander's Avatar
United States
30 Posts
 Posted 07/06/2012  2:11 pm  Show Profile   Bookmark this reply Add bystander to your friends list Get a Link to this Reply
Edited by bystander
07/06/2012 2:13 pm
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IndianGoldEagle's Avatar
United States
36903 Posts
 Posted 07/06/2012  2:14 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Did the mint post the official total sets sold before the 3PM EDT, or will it be updated later today?
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wquinn's Avatar
United States
2295 Posts
 Posted 07/06/2012  2:41 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
I saw it this morning.
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IndianGoldEagle's Avatar
United States
36903 Posts
 Posted 07/06/2012  2:52 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
They might update those numbers within the next hour then. Almost noon here in Pacific time zone so close to 3PM EDT now. I'll keep checking the Mint site to see if anything changes.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 07/06/2012  3:24 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
251,302 final sales.
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clairhardesty's Avatar
United States
1027 Posts
 Posted 07/06/2012  3:45 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
Here is my graph of the sales. The blue line is the running total, starting at 0 and ending at 251,302. The pink line is the daily sales with the average of three days shown each Monday. The yellow line is the daily average since the start, ending with a average of 8666 sets sold per day (assuming 29 days). The blue line's scale is on the right and the scale for link and yellow is on the left.

New-Silver-Eagle-SF-Mint-Two-Coin-Set
Edited by clairhardesty
07/06/2012 3:47 pm
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M0nks's Avatar
United States
1770 Posts
 Posted 07/06/2012  9:51 pm  Show Profile   Bookmark this reply Add M0nks to your friends list Get a Link to this Reply
guess my original estimate of 250K was almost spot on - shocked there wasnt that many sold in the last day but I'm glad for it. the excitement was alot of fun and I know we all enjoyed seeing how it would play out
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basebal21's Avatar
13014 Posts
 Posted 07/06/2012  11:18 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
shocked there wasnt that many sold in the last day


that was really odd to have the huge spike the day before and basically nothing the last day
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clairhardesty's Avatar
United States
1027 Posts
 Posted 07/07/2012  12:14 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
If we combine the last two reports into one ~27 hour day (the first day was about that long), we get 6171 coins sold the last day and 44072 in the two previous days. While I expected a surge at the end I did not expect the surge to die out prior to the close of sales as much as it did. That said, I guess I am not that surprised by it either. Maybe it had something to do with the holiday or maybe people feared being shut out on the last day by huge volume sales. Whatever the reason, it was a very interesting occurrence.

Here is my graph modified to combine the last two reports:


New-Silver-Eagle-SF-Mint-Two-Coin-Set
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basebal21's Avatar
13014 Posts
 Posted 07/07/2012  12:26 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
It was interesting, thinking back I guess it is logical to assume the surge would have been higher on the holiday. That said though it really did die fast and never would have guess about 5k of sales on the final days. At the very least thought it would have done another 15k at least
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ratio411's Avatar
United States
1208 Posts
 Posted 07/07/2012  12:55 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
I thought about waiting till the last day, but I thought if there was a last
minute rush, the site might crash, and I'd miss out. That could be why the late
throng of orders didn't order on the last day.
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CelticKnot's Avatar
United States
12866 Posts
 Posted 07/07/2012  01:48 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Well, those of us who decided to buy this set own 2 of the (by far) lowest mintage #'s in the history of the 26-year series. Congrats!

I do love this series.


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