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 Replies: 105 / Views: 11,199 |
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Valued Member
United States
78 Posts |
on a side note - is the counter down on the mint website? the last date it is showing updated was 5/6?
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Pillar of the Community
United States
927 Posts |
No slabs for modern coins for me. OGP all the way. The eagle sets packaging is so nice, why change it?
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Pillar of the Community
United States
1228 Posts |
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Valued Member
United States
78 Posts |
Quote:"After only five days sales for the 2013 West Point Silver Eagle Set have been extremely strong, reaching 187,541. http://news.coinupdate.com/us-mint-...debuts-1977/2006-248,875 2011-100,000 2012-224,981 2013-Highest minted reverse proof" yes - and that information has not changed since the weekend. |
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Pillar of the Community
United States
899 Posts |
191,726* updated today... the volume of sells has slowed down dramatically. I expect that will change tomorrow - sounds like severalwere holding out to order this and the ATB at the same time... or that could change again at the end of the month when the Uncir ASE is released...and people order all 3 at that time. |
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Pillar of the Community
United States
592 Posts |
Well, not much change from yesterday. 193,652* is the new count for today.
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Bedrock of the Community
13014 Posts |
About 2-4k a day was what it did last year too during those middle weeks if I remember correctly
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Valued Member
United States
78 Posts |
my final guess is 290,000
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Pillar of the Community
United States
899 Posts |
I think it will go higher - probably finally at about 425,000. There are a lot of people holding out to save the shipping costs. Todays 5 oz and June 6th 5 oz as well as the uncirculated ASE and probably the uncirculated coin sets.. so theoretically someone could wait until June 6th and order this set - and all the other coins and eliminate all shipping fees. |
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Pillar of the Community
United States
1228 Posts |
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Bedrock of the Community
13014 Posts |
I expect the same surge at the end of this series too assuming the mintage is still reasonable at that point. I doubt well see the huge percentage of canceled sales though. 300k+ seems likely
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Pillar of the Community
United States
1027 Posts |
Quote:
The last week of sales for the 2012 S.F. set had some huge daily sales figures.
8750
25470
16290
27780
The numbers I have are: 8752 25471 (3 days, weekend, 8940 per day avg.) 16292 27780 6171 564 (last couple of hours, from previous post to close of sales) Anyway, right now the expected ship date is September 30 so it looks like they are planning a slow mint cycle instead of a rush to fill orders, probably more to level labor costs than any real desire to improve quality. Does anyone have the mint's posted sales numbers for the first few days of this year's set? I am making a spreadsheet (like I did last year) and I missed the first few posts. Last year at this point we were at ~131K and if we just tack on last year's final 3 weeks we would end up at around 327K this year. If we scale the final 3 weeks we get about 375K so I will put those two numbers as my guess at the final sales, somewhere between 327K and 375K. I am going to order five sets, one for each family member and with silver at about $22.50 right now, I think I will also stock up on some bullion, I just have to decide what form that bullion should take. Unfortunately, the markup on silver is very high right now, as the rapid price drop has sellers trying to recoup their buy price from the mint ($2 per SAE over spot). |
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Bedrock of the Community
13014 Posts |
The premiums have pretty much normalized for bullion everywhere but ebay. You can find eagles for a couple bucks over spot now at a lot of places. They arent quite as low as they were but a lot of the gouging is coming to an end |
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Pillar of the Community
United States
1027 Posts |
I would think it would be difficult to find 2013 SAEs at $2 over spot since the silver spot has done nothing but drop for the last 6 months. That means that $2 over current spot is less than what any of those coins were purchased from the mint for. You have to go back to late 2010 to get to a spot below today which means that all 2011, 2012, and 2013 SAEs cost the APs more than $2 over today's spot. Of course, what probably matters to volume dealers is probably not so much the mark up over spot (or even the difference between what they paid for a group of coins versus what they are selling them for) but the difference between today's sell and buy prices. If those locations selling for $2 over spot are buying at $2 under spot then that is not such a great deal. APMEX today is selling (in bulk) at $3.89 over spot (2013 coins) but is buying those same coins at $2.00 OVER spot (a difference of only $1.89, not bad). Westminster Mint is advertising the 2013 SAE set for $139.95 with billing & shipping to happen on June 28th. It was my understanding that the mint did not offer it's volume discount on special sets like this one but I don't see any other way that they could offer that price unless they are using it as a loss-leader designed to get you into their store (website) and buy other items with a far more favorable markup. |
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Bedrock of the Community
13014 Posts |
Id be surprised if the mint didnt offer its volume prices to its usual high volume buyers. As long as the mint can turn a profit on it it just doesn't make sense to tick off the people who consistently make large purchases from you.
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Replies: 105 / Views: 11,199 |
First Page
Posted 05/15/2013 02:15 am
