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 Replies: 8 / Views: 1,336 |
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Pillar of the Community
United States
1903 Posts |
Is there a chance those of us waiting for our late September and October sets to ship might get stuck with a price increase before they ship? Has the mint ever done this before? Am just concerned as the bulk of my shipments are due to ship late October.
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Pillar of the Community
United States
1770 Posts |
not likely to happen since the order was already put in, sort of locked in
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Pillar of the Community
United States
7189 Posts |
And they sold for metal value of $75 per coin not likely.
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Bedrock of the Community
13014 Posts |
Would be interesting to know if they actually could even do that regardless of what silver does
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Pillar of the Community
United States
1116 Posts |
If the mint did do something like that it would be a public relations disaster for them. The agreement was for a fixed price at the time of sale. Cost of silver goes up months later does not change the deal.
I have heard that there is a silver dealer who will delay shipping when silver goes up. Everyone talks about them, they offer to void the deal so that they don't lose money on the deal or will delay shipping for months. I haven't bought silver from them so I don't know if the rumors are true.
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Pillar of the Community
United States
1027 Posts |
The mint, like any other PM dealer, honors the price set at the time of order. Unlike other PM dealers, you can back out of orders not yet shipped and return orders for full refunds (if the price drops). They will not change the price for an item already sold out. They have already purchased the blanks for the coins so even if the spot goes above the sale price (unlikely) they would not be out any money but they might cancel orders if that happened (but I personally doubt they would).
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Bedrock of the Community
13014 Posts |
I generally agree with clair that they wouldnt do anything, but theyve done a few things this year I wouldnt have thought they would do so I wont rule anything out with them. Like mentioned though the high price per coin gives quite a bit of breathing room for melt value and probably wont be an issue
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Pillar of the Community
United States
1817 Posts |
Once you get an invoice number and the metal in the coin goes up beyond the price you paid, it's a done deal, the Mint will ship you the coins at the price you invoiced at. You, the consumer, are free to cancel the order prior to shipping or return it for a refund.
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Pillar of the Community
United States
927 Posts |
I believe the mint built in a large cushion for these sets knowing it could take a few months to ship all of them. I have not received mine yet. Silver would have to double in price for the bullion value to get above the selling price. This is highly unlikely. The price change seen so far for silver bullion was already calculated by the mint. Nothing to worry about.
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Replies: 8 / Views: 1,336 |
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Posted 09/10/2012 6:39 pm
