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Replies: 47 / Views: 6,183 |
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Pillar of the Community
United States
1081 Posts |
TJ, why won't you collect the ASE anymore? The (S) mint coins had nothing to do with the mint, that was all TPG trying to profit off a, IMO, trivial change. You really didn't say why you no longer want to collect these? Also, I wanted to respond to the made to order idea. IMO, I don't think that's a good idea. IF that was so, these coins would no longer be collectible. This may sound harsh, but if everybody has something, there's no collectibility about it and thus wouldn't appeal to a collector. Does anybody want a 2010 Shield cent? 1993 Quarter? Generally no, there were millions, if not billion minted, more than enough for everybody. What makes this set special is the limited mintage. I do understand some people are upset that others, including myself, profited off this set. Most seem to understand that. I do agree though that those who tried to circumvent the system, or did circumvent the system are wrong. But those who played by the rules did nothing wrong. It may have been something as trivial as internet speed or geographic location that prevented people from ordering these sets. If I didn't get one, I would be ticked too though. Whether a policy or software change will remedy the situation is up to debate. Anyways, my point is that if the minted made these to order, there would be nothing special about them. Rarity and low mintages drive this hobby and I believe they will continue to do so. If an item is not rare or part of a series/set in the board sense, it generally will not be collected by many.
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Valued Member
United States
58 Posts |
Wish I got a set but  made to order would have taken away the collectible aspect.
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Moderator
 United States
188440 Posts |
Quote: IMO, that's too much. Those prices won't hold up. I'm worried about buyer's remorse at the original $299 price point, frankly. I do not see these sets ever falling below issue price, but anything is possible. Quote: Also, I wanted to respond to the made to order idea. IMO, I don't think that's a good idea. IF that was so, these coins would no longer be collectible. This may sound harsh, but if everybody has something, there's no collectibility about it and thus wouldn't appeal to a collector. Does anybody want a 2010 Shield cent? 1993 Quarter? Generally no, there were millions, if not billion minted, more than enough for everybody. This is not really a good comparison, the difference being that those business strike issues are made all year long and regardless of individual collector demand. Having these special sets made to order would be more like the annual proof sets. Actually, these would probably still have a much more limited order window (mintage limited by time, not number). In my opinion, even if that window were a week (or two days), it would be more than fair and I would not imagine the final mintage exceeding a half-million. The made to order idea, in my opinion, would be best to prevent the after-market price gouging. The five set limit would also be unnecessary, since the only reason why 90% or more of the multi-sets were ordered was to take advantage of the huge aftermarket profit.
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Bedrock of the Community
United States
14454 Posts |
you say you placed your order around noon, is that EST or some other time zone? They didn't go on sale until 12 EST and I know people that got theirs and ordered after that time, heck my first order was at 12:12 EST and second was at 1:45 EST and both orders have already arrived
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Moderator
 United States
188440 Posts |
Actually, they went on sale 12:00 Noon EDT. Daylight Saving Time had not ended yet.  I am only picking on you because you were the first one to post photos of the set. 
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Pillar of the Community
United States
1231 Posts |
Quote: Also, I wanted to respond to the made to order idea. IMO, I don't think that's a good idea. IF that was so, these coins would no longer be collectible. This may sound harsh, but if everybody has something, there's no collectibility about it and thus wouldn't appeal to a collector. Does anybody want a 2010 Shield cent? 1993 Quarter? Generally no, there were millions, if not billion minted, more than enough for everybody. What makes this set special is the limited mintage. The 2009 UHR Saint was made to order, and I believe it is still collectible. If the US mint would place a 24 hour window of purchasing the 25th ASE set, it would help collectors get a set. Not just people looking to make a quick buck.
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Valued Member
United States
220 Posts |
I feel for ya! I have 2 different confirmation numbers but am being told neither is valid and won't receive Any 
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Bedrock of the Community
United States
14454 Posts |
I didn't know the UHR was made to order, I thought those sold out pretty quickly as well
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Valued Member
United States
421 Posts |
Hey Pg, I sent you an a link to your e-mail regaurding your item quest. Hope it helps.
If anyone/someone needs help locating things ie coins, article links or whatever. I am on the net like 3-4 hours a day looking and reading articles, e-mails from various companies, and most of the big auction houses.
I beleive in what is called Pay-it-foward if I don't share what is shared with me, others won't learn, grow, or give me the help I might need one day.
I hope this doesn't offend anyone. I am a simple man helping the community. I am also received help on some of my coins in here!
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Pillar of the Community
United States
2734 Posts |
Quote: I'm worried about buyer's remorse at the original $299 price point, frankly. Another factor: If (when!) silver hits $60/oz., they'll be worth the Mint issue price in melt value alone. 
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Valued Member
United States
297 Posts |
Just a thought: What if the mint were to make a limit one per household on low mintage sets for the first 24 hours and then increase the limits after until supply ran out?
IE: The first day, everyone and their brother spends the day trying to log on to the website. They are only allowed one set and would have to go through the entire process again if trying to place a second order using a different CC/address. Eventually most people will succeed, even if they wait until after they get home from work or whatever. I would think that even with a mintage of 100,000 it would be close to 24 hours, if not longer, before a set could sell out. Then, at 12 PM EDT the next day, the mint would up the limits per household to 3,5,10, whatever, taking in to account the single order placed the previous day.
This sort of scenario should reward the diligent people who knew about the set beforehand as they should be able to purchase a set at cost through the mint. The big time players could still try to purchase many sets for resale, but it would be much more difficult to do in the first 24 hours. After that, the other remaining sets would become fair game.
This wouldn't solve everyone's problems, but it seems like a decent solution for most of the true collectors that tried and tried but were unable to purchase a set in the less than 5 hours it was available.
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Bedrock of the Community
United States
17884 Posts |
This would work as long as they keep their current online ordering system. If they were to upgrade to a top of the line system like everyone keeps saying they should, so one that can handle 20K order per hr, even with a one per household/order you could still sell out 480,000 the first day. If you had a limited mintage like this one (100K and 5 per houshold) it would have sold out in about an hour.
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Pillar of the Community
United States
1304 Posts |
I ended up working 12 hours on the day they went on sale. I tried at lunch and both breaks that day to place an order with no luck, finally got through at 6:47 which landed me on the waiting list. Received an e-mail the other day informing me that my order was to late so no set for me. I am not really to upset about not getting a set but I don't like the fact that people like HSN, MCM and others end up with multiple sets to sell. I think a "lottery" type system would be a better way to sell them. If you would like a set, send your name in and if they draw it out you can buy a set, one set per person. Just my 2 cents. 
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Valued Member
United States
75 Posts |
David, i was intending on keeping my collection current but, I have just lost interest in it.i agree with you that the whole S mint thing was an attempt for money grabbing by TPG,but after reading posts about people trying to order the sets and the way the Mint handled it & the way some of the sets were received (coins rattling around in the box)....i am really glad I didn't even try to order the set. i also like Granite's idea.....limit 1 T J
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Pillar of the Community
 United States
2936 Posts |
Just got an email from a coin company I've bought from in the past offering the set in OGP for ONLY $920.... I got yer $920 - right here! 
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Replies: 47 / Views: 6,183 |