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 Replies: 51 / Views: 6,051 |
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Bedrock of the Community
United States
10034 Posts |
This guy on ebay has 115 of the RP 2019-S ASEs for sale. What are the actual mechanics of this? https://www.ebay.com/itm/2019-S-Enh...AOSwe2JdzteGIt was hard enough getting one. I understand the idea of people having other people order for them, but 115? How do you find so many people willing to sell them to you so you can flip them on eay? |
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Pillar of the Community
United States
3468 Posts |
He started with 175. 115 have sold, 60 are still available...
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Bedrock of the Community
13014 Posts |
First is you have everyone you know (employees/friends/family etc) order for you. Then you can also put out buy offers which the dealers always do on hot products saying they'll pay for shipping and give you x amount over sale price for it which gets random people ordering for you as well. On a product like this that is hot where you are confident the price will keep rising you can also just flat out buy the early listings which in this case the first group of sales was in the 400-500 range, that method obviously has a lower profit margin but still a profit.
Another way would be to buy from other dealers that would rather just take some profit and leave meat on the bone to be done with it, but for a product like this it's unlikely that many dealers are being able to buy these cheaply enough from the public to do that as the dealer to dealer buy price will probably be at or lower than it would take in order for a collector to be willing to sell them to the dealer. Most collectors are also aware than on a product this hot they are better off just contacting the bigger dealer selling them if they wanted to sell that way and cutting out the middle man dealer that doesn't want to deal with them
Edited by basebal21
11/23/2019 1:03 pm
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Pillar of the Community
 United States
8938 Posts |
I know the guys at Pinehurst, good guys.
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Pillar of the Community
United States
8938 Posts |
I also thought I'd add this stat in here. The hype behind this is that people thought it would be like the 1995-W with very few 70's available. Well......  |
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Bedrock of the Community
13014 Posts |
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The hype behind this is that people thought it would be like the 1995-W with very few 70's available. I haven't seen anyone that thought there would be very few 70s. All the comparisons have been about the mintage knowing these would grade out better |
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Bedrock of the Community
 United States
10034 Posts |
What you say makes logical sense, and I suspect this is the idea behind it. I am just wondering how you actually go about making all those contacts. We see large companies offering to buy these, but do all those companies have as many (175!) to sell? Plus he also has them advertised as PCGS MS69s. The seller is selling nine MS70s for 4495.00. By the looks of it, when you go to their actual website you see they have even more available with many different types of labels from NGC and PCGS. All this from what appears on google maps to be a small local coin shop! http://pinehurstcoins.com/catalogse...everse+ProofThe mechanics of this - actually being able to make all those contacts - eludes me. You would think to have this many of the coins it would be someone very large like APMEX who likely has the base of customers to pull something like this off. Maybe Pinehurst is working with one of the big guys? It would be fun to actually see the intricate details of this marketing genius strategy of the big guys. Or maybe just a few adverts ahead of time in a national coin magazine brings in enough of them? How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Bedrock of the Community
13014 Posts |
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I am just wondering how you actually go about making all those contacts. They have the contact info of everyone that has ever purchased from them and/or registered a user name on their site. They may have also bought a contact list from someone else at some point. Offers on dealer networks as well as word of mouth as it was mentioned by people when they initially made their offer before the product came out. Quote:
Plus he also has them advertised as PCGS MS69s. The seller is selling nine MS70s for 4495.00.
With a spread like that it's not out of the question that other dealers are mainly selling them their 69s and keeping the 70s for themselves |
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Pillar of the Community
United States
7189 Posts |
With GrapeCollects chart 44% of the entire mintage has been sent to PCGS! How many are at NGC? Looks like raw coins are the least available and mine hasn't even arrived yet.
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Bedrock of the Community
United States
10034 Posts |
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They have the contact info of everyone that has ever purchased from them and/or registered a user name on their site. They may have also bought a contact list from someone else at some point. Obviously I know little of marketing strategies such as this. What you say makes it more understandable. I note the dealer has an ebay newsletter. Its probably a certain thing they did sent out offers months in advance to their former online buyers to commit to selling to them. |
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Bedrock of the Community
13014 Posts |
Quote:Obviously I know little of marketing strategies such as this. What you say makes it more understandable. I note the dealer has an ebay newsletter. Its probably a certain thing they did sent out offers months in advance to their former online buyers to commit to selling to them. Basically any company keeps your info in a list for future advertising anytime you purchase online from them (whether them or their ebay site) or register with their site. Some of the companies will sell the lists to other like minded companies (the lists themselves are very valuable when large) which is why you'll get emails from places you've never bought from. Others won't sell them. Either way they all keep a database of it for the future aside from like small do it yourself ebay sellers or maybe a mom and pop type shop. I know they definitely had an offer out on these and actually had to up the offer as so many people started backing out seeing the sale prices. Other Places had offers out as well some of which were really low and they made a killing on those if anyone took the $50 over price offers. |
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Bedrock of the Community
United States
10034 Posts |
Just b/c I collect the proof ASE's I went for one of these. Thankfully it arrived today :) I wonder if the mint is planning on doing this again? Truthfully I hope not. I just want a set b/c I like the design. If they make another one of these with such limited mintage, and I miss one from the mint, its not something I would likely prioritize to put out more money for. The enhanced and REV Proof design have now become so "common" a thing that they also don;t quite have the novelty they used to. The more they make, the more the novelty goes away. On the other hand, its my opinion the mint making this special ASE has raised some level of interest in coin collecting like the W quarters seem to have. So maybe its all a good thing. I just have to get used to the fact I won't likely ever have a full set of these if they continue. |
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Bedrock of the Community
13014 Posts |
I hope they do keep doing things like this from time to time with various products. There's been more excitement about this in two weeks than there usually is for everything combined all year. They just need to not over do it and switching around what product they do it for could help make it a yearly thing without beating a dead horse
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Pillar of the Community
United States
1374 Posts |
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I hope they do keep doing things like this from time to time with various products. I don't  Quote:
The mission of the U.S. Mint is to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and providing security over assets entrusted to us. IMHO minting low mintage coins with unrealistically low pricing serves only a few collectors and speculators rather than the American people. I believe that the Mint executives knew that this coin at a price of $65.95 would be an immediate sell out and that aftermarket prices would be significantly greater. IMHO the American people would have been better served by either charging a higher, more realistic market price thereby increasing the revenue to the Treasury (hard to do if they comply with the authorizing legislation) or by increasing the mintage to allow more collectors to obtain the coin (easy to do while still complying with the authorizing legislation). Edited by BadDog
11/23/2019 5:09 pm
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Bedrock of the Community
13014 Posts |
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IMHO minting low mintage coins with unrealistically low pricing serves only a few collectors and speculators rather than the American people.
I believe that the Mint executives knew that this coin at a price of $65.95 would be an immediate sell out and that aftermarket prices would be significantly greater. IMHO the American people would have been better served by either charging a higher, more realistic market price thereby increasing the revenue to the Treasury (hard to do if they comply with the authorizing legislation) or by increasing the mintage to allow more collectors to obtain the coin (easy to do while still complying with the authorizing legislation). Eh they served the public just fine. The extra 20k they may have been able to make is absolutely meaningless to the revenue. People are only so excited because of the mintage change that and most of the excitement fades and we have the oh great another reverse proof this year talk. Trying to suck all the meat off the bone like the RCM does also doesn't work. People just get sick of the high prices and stop buying all together than inventory just sits and sits until it's blown out at a significant discount at the end of the year to big buyers bringing even less revenue. They wanted something to generate excitement and that's exactly what they did |
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Bedrock of the Community
United States
10982 Posts |
As noted above there are major dealers out there with well over 300 of these. Many are now in the grading process and we'll see a flood of 70's after Thanksgiving.
I bet if every one was sent directly to a major grading company we'd end up with 15,000+ 70's available. Of course that won't happen but over 5,000 70's will likely be slabbed by January.
Eventually, when all the dust settles a year or two from now, those 70's should drop to close to $1,000 but I doubt they'll ever go under $1,000.
Just my 2 cents worth.
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Replies: 51 / Views: 6,051 |
Posted 11/23/2019 1:01 pm
