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Replies: 16 / Views: 4,602 |
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Valued Member
United States
183 Posts |
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Pillar of the Community
United States
597 Posts |
no but thanks for the reminder I forgot!
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Valued Member
United States
64 Posts |
I ordered one- the website was fast, so I guess not many of us were crazy enough to buy it.
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Valued Member
United States
377 Posts |
I Have 3 Coming, Only because it is Yellowstone. Will Likely only get 2 for the next 3
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Valued Member
 United States
183 Posts |
Website was fast for me as well. I passed word along to family/friends to buy as well. Wondering if next released coin will be lower price or not.
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Pillar of the Community
United States
565 Posts |
Just ordered it  . Web site very quick! Now I wait. 
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Pillar of the Community
United States
1817 Posts |
Courtesy of today's Coin Update: Quote: Sales of the 2010-P Yellowstone National Park Five Ounce Silver Uncirculated Coins are off to a brisk start. The United States Mint began accepting orders yesterday, May 17 at 12:00 Noon ET. By the end of the day, total sales had reached 18,143 out of the 27,000 total mintage. Although there were no website crashes, the initial rate of sales nearly matches that of the Hot Springs coin, first available on April 28 at 12:00 Noon ET. By 9:00 PM that day, the US Mint indicated that total sales had exceeded 19,000 units. By May 2, the US Mint had sold 25,000 units, however it would take until May 13 for sales reach the 27,000 maximum mintage. The US Mint continues to accept orders for this coin for placement on a waiting list. The strong initial sales for the Yellowstone release shows that most collectors were not deterred by the relatively higher premium based on current precious metals prices. When the prior issue went on sale, silver was trading around $48 per ounce. At the time, the product price of $279.95 represented a premium of approximately 20% above metal value. At the time of yesterday's release, silver was around $34 per ounce, meaning the premium was about 65% above metal value. As numismatic products, the value of the precious metals content is only one determining factor in the US Mint's pricing. According to information on the US Mint's website, their goal is "to provide the best quality numismatic products while keeping their sales prices as low as practicable." Further information states: The first and foremost rule in establishing pricing is that our numismatic portfolio must be self-sufficient and cover all of its associated costs... To achieve self-sufficiency, we determine the estimated cost to produce and sell the product. That becomes the base or the beginning point from which we determine the selling price. We then analyze the marketing conditions and different price points. We ask ourselves several questions: Are the proposed prices of this product consistent with similar products we offer of this type? Will the customer perceive this as a good value? Are we reaching as many customers as we can should we sell at this price? If we do not sell all of this product, is there enough budgeted for proper disposition? Prices are officially established through publication within the Federal Register. Notice of pricing for the 2010 America the Beautiful Five Ounce Silver Uncircualted Coins was published on April 18, 2011. On that date, the market price of silver was $42.79 per ounce. The US Mint does have more responsive pricing mechanism in place for certain numismatic gold and platinum coins. The prices of specifically covered products may be adjusted as frequently as weekly based on changes in the average price of the metals. A pricing decrease was implemented today for certain numismatic gold coins.
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Valued Member
United States
65 Posts |
I saw the same article Bizybackson and posted it on another forum. I placed my order for one NP2. I am wondering if they would have allow me to place an order for 2 or more. How did you Wif99 get your multiple order in?
I think I like the bullion version better than the Uncirculated, what do you all think?
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Pillar of the Community
United States
1817 Posts |
Bearcoinin: use a different physical address AND a different ship to name. The mint culled out all of the multiple orders especially if the name was the same but the address was different. Order in the name of your family that don't live with you or for non-collecting friends.
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Valued Member
United States
65 Posts |
Smart idea Bizyback, I do have a have family that don't collect.
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Valued Member
United States
66 Posts |
Ordered mine as well. This is going to be one expensive set!
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Pillar of the Community
United States
737 Posts |
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Valued Member
United States
377 Posts |
Quote: How did you Wif99 get your multiple order in?
As Bizy said Different names and addresses and Credit Cards. I am having family buy them. then sell them to me at cost. I usually throw in a small handling charge.
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Bedrock of the Community
 United States
12815 Posts |
I ordered one as well. Web site was very slow initially but cleared up and was brisk during the rest of my transaction. I plan on collecting the set but we'll see. It would be nice if the price came down on subsequent pucks to reflect silver prices.
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Valued Member
United States
65 Posts |
I don't think the price is coming down on this year's set because the price was established in April and according to my Mint sales rep he did not think they would revisit it before the next coins were released which is one coin per month. But he did say that he had heard what we in the CCF have rumored that future 5 oz silver coins would be level pricing.
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Bedrock of the Community
 United States
12815 Posts |
which is one coin per month. Ooof! Better get ready for some Ramen Noodle dinners for a couple months. 
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Replies: 16 / Views: 4,602 |