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 Replies: 1,581 / Views: 149,128 |
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Bedrock of the Community
13014 Posts |
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I would much prefer that the mint, when they create a special coin for release, instead of putting it up for sale at a particular time of day and impose household limits, creating an internet issue, instead announce the design well in advance so all can know about and make decisions about whether they want to purchase or not, and then announce a period of time of at least 24 hours where anyone who wants one or more can log on, phone, etc. & place an order and pay for it before the mint ever produces any and then mint them to order. The design was announced well in advance and everyone knew. As far as the unlimited mintage for a day, no no no. Everytime they do that no one cares. The 2013 RP is below issue price, it was minted to demand and had over 10% of total orders canceled. It's the biggest fallacy of all time to pretend this coin would be as popular minted to demand. The low mintage is why it is such a hot item, nothing else. |
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Pillar of the Community
United States
1044 Posts |
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and cheated a fellow collector. I think the collector was cheated as soon as the mint announced it was only going to mint 30k coins. You can also look at it as he kept one out of the hands of another flipper. |
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Bedrock of the Community
13014 Posts |
The collector was never cheated in anyway by the mintage
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New Member
United States
17 Posts |
OK, but if this is the way we are going to create rarities, then I couldn't care less about violating the 1 per household limit. All bets are off and I'll do whatever I need to do to fill my needs at the lowest cost and if I succeed and someone else loses out, oh well. And yes, this is the attitude of many of the purchasers.
Loren
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New Member
United States
35 Posts |
I would be perfectly fine with someone obtaining one through the Mint, and a second through a 3rd party purchase such as ebay. But, violating the one per household rule despite one's needs is just greedy. You are saying because of the reasons you stated, you deserve two, even if it means one person will not get one, because of that decision to violate the one per household rule. And your argument that it is too expensive on ebay otherwise makes no sense, because this is supply and demand, and the person who you stole the ASE from who would have gotten it otherwise is likely going to also balk about the ebay prices. But they have zero, you have two... Edited by knowledge101
11/28/2019 5:44 pm
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Pillar of the Community
United States
1913 Posts |
A simple solution would have been for the mint to gave a day or two head start to those who have previously purchased silver eagles within the past year or so. I also agree that they could have simply minted to demand. Or, perhaps open the purchase window and then cut it off at a random length of time. Any of these options would have been better than what they did.
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New Member
United States
35 Posts |
The fairest strategy in my opinion would have been if they did a lottery system. You entered, one ticket per household, and they chose 30,000 randomly to receive the coin. You could sign up for the lottery any day of the month, and no order/priority would be given. And then, maybe, prior silver eagle purchasers would have 2 or more entries.
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Bedrock of the Community
13014 Posts |
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Any of these options would have been better than what they did. No they wouldn't have been. And most people complaining wouldn't have cared if it was another boring product done in that matter. Again for the umpteenth time, the only reason people care is because it is such a hot product. It is only a hot product because of the mintage and instant sell out. |
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Bedrock of the Community
13014 Posts |
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The fairest strategy in my opinion would have been if they did a lottery system The fairest system happened, everyone had the same chance. People that got others to get it for them good for them. Life isn't fair, there is no right to get things at the price people wish they could. It was announced to everyone, everyone who paid attention knew, everyone had the same shot at them, it was as fair as can be |
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Pillar of the Community
United States
1044 Posts |
Quote:
The collector was never cheated in anyway by the mintage So you're saying there's less than 30k collectors of ASE's? |
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New Member
United States
17 Posts |
What this comes down to is I can't stand this method of creating a high demand rarity. That is not the Mint's business. I appreciate the path that the 1995 W came to be the "Top Dog" amongst ASE. I remember when I received the US Mint mail out of offerings in 1995 and really wanted one but at $999, I just couldn't swing that. There was no 17 minute period that everyone had to get it ordered in as long as their internet connection would allow it. It was simply based on those who choose to purchase it as priced at the time and while there may have been a mintage limit it likely ceased being offered at the end of the 1995 calendar year and I doubt many had any idea it would achieve the high pricing that it is at today. And while I do not know if I will ever be able to afford one, If I can, I would love to own one or maybe both in OGP & in a PCGS holder. This one, likely not. I find it interesting that my suggestion was tried with the 2013 RP ( I had forgotten that) and today it has not increased in price. I didn't look up the mintage figure but assuming it still is not large, the difference is the emotion generated by how they are released. I hadn't thought about that but I'd be interested in some comments about how that can make a difference in demand. Loren |
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Bedrock of the Community
13014 Posts |
Quote:So you're saying there's less than 30k collectors of ASE's? Cheating someone means fraud. There is no right to be able to get whatever you want for any price you want. Everyone had the same chance to get it. In order to cheat someone people would have had to have been intentionally blocked and back door deals which didn't happen. |
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Bedrock of the Community
13014 Posts |
Quote:
I find it interesting that my suggestion was tried with the 2013 RP ( I had forgotten that) and today it has not increased in price. I didn't look up the mintage figure but assuming it still is not large, the difference is the emotion generated by how they are released. I hadn't thought about that but I'd be interested in some comments about how that can make a difference in demand. Over 200k. Was like 250k and all the cancelations took it down to about 235k. Sells for under mint price raw now. Only RP that has ever lost value. No one cares because there's too many. Probably the last time I will say this as it's getting old, but it really isn't complicated. Mint to demand basically no one cares, price dead in the water or going to lose value. Low mintage instant sell out everyone cares. Most of the people that are upset they couldn't get this ASE wouldn't have cared less about it if it was the 2013 style again. People want what is in demand and valuable, mint to demand is neither of those things Edited by basebal21
11/28/2019 6:14 pm
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Valued Member
United States
165 Posts |
The US Mint is a For Profit Business that contributes it's profit to the US Treasury each year. They help to offset the Trillion $ deficit that our elected officials create to help keep themselves in office. The Mint realized that many of their loyal collectors of ASE were no longer interested in continuing to collect all the versions of the ASE that the Mint created each year, and like any good business they created an event to get the public interested in their product. They created the smallest Limited Edition version in the 34 year history of the ASE. To make sure they fanned the flames of the " ASE Collectors Base" by having the Director of the Mint sign only 100 randon copies, and brought a small number to the Baltimore Show to get the coins out into the public's hand as soon as possible. Brilliant Marketing by the Mint. They got all the collectors attention and they began buying again. The Mint did not want everyone to be able to buy one on 11/14 because the Mint wanted to flame the interest of the Secondary market, and bring in new collectors. The Plan worked perfectly! |
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Pillar of the Community
United States
1044 Posts |
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Cheating someone means fraud. Ok well I'm not using it literally. I guessed "screwed" would be more appropriate. Take all the flippers out of the equation, as soon as the mint announced the 30k mintage that automatically meant not all collectors were going to get one. And I agree that everyone had a fair shot. |
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Posted 11/28/2019 4:49 pm
