2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

mine is still on hold as well

 

Log in or Sign up to hide this ad.

i was thinking the other way. i'm sure a lot of the third party sellers tried to get first day so can get sooner than everyone else so can get graded and flip fast for higher profit.

 

Interesting theory. I think a few 100k the first few days, and few 100k the past few days, and a few 100k in between. Does 6-700k mean high mintage? It's all relative, right? I think over a million would be a lot, and under 500k would be low...for this particular set.

 

If the mint makes good on it's shipping prediction of late July, you can throw that theory out the window........

 

12:03 my friend. TC

 

wow

 

That's less than I thought for day one. The 25th anniversary set sold out in 4 hours and that was 100,000 sets. TC

 

I'm very surprised by that low figure for day one's orders that the site was as sluggish and at a standstill for so many people as it was.

 

http://www.ebay.com/itm/25108075627...984.m1423.l2649&autorefresh=true#ht_500wt_948


this one just ended. after fees its a bit of a loss.

 

Well, when you consider most other days they likely don't get 100k hits or more, they're not going to invest in a million dollar or more server infrastructure to handle 100k hits they might get once out of the year in a couple hour time frame.

Sites like google, amazon and facebook get 10-20 million hits a day and they require literally thousands and thousand of servers (even spread out from multiple data centers world wide) to handle such traffic. I just don't think it's likely in the budget for the U.S. Mint to spend the type of money it would take for the "Big Event Sale" that happens once a year.

 

you thought the number was low? seemed like a fairly large number to me, especially since I don't see why there would be a huge rush to buy right away given the nearly a month duration of the sale.

 

I'm pretty much thinking the same, I don't see this coin being a good short term flip, especially if it sells well over 500k.

If its under 500k near the end (probably not very likely) I might buy a couple. If it looks like its gonna be over 700k sold I don't see how I can justify buying any, don't see the price rising at all in the short term if that's the case.

 

Unless, of course, one were a collector.........

 

When you consider how much profit they are making, nay, raking in, on these products and how many potential sales they are missing or customers they are offending and potentially loosing, as this happens each year with many new or highly anticipated popular products, the value of a flawless system, pays for itself in time and customer loyalty. As well, this being an institution which prides itself on excellence in product would do best to give all around excellence in customer service, server performance and not be vulnerable as a government entity to server malfunction, a crash as too often occurs. If the US Mint cannot afford it's own server, then it can do like any independent e-retailer or auction listing dealer does, accept payment via PayPal or some similar third party. I'm sure the Mint wouldn't mind passing on such surcharge fees to their customers and it would all be free of charge for flawless transactions.

 

Discontinue the penny and change the composition of the nickel and they could afford a plethora of new servers.

 

Yes, that is a surprising low figure for day one for a special coin set from a very popular coin series. Especially since they emptied inventory with a 5-coin set last year when mintage was limited and collectors opportunistic. I expected something approaching 250,000 on day one for this set given all the gripes last time. After an initial surge of orders, I would have anticipated a massive drop off in tally for the next couple weeks, until the last week of sales before the window of order opportunity closed. I would expect a last flood of orders then to spike the mintage dramatically higher.

 

If it stays under 200k by the last day of sales, I may be in for another set.

 

But we can't order another set after the last day of sales because the odometer wouldn't report the figure until the following day

 

I hate it when you do that

 

Ordered my 1 set for my collection at 11:00 P.M. On day 1. No web site problems, or any other problems. It will be staying in the OGP like all other Silver Eagles I own. Not flipping anything on this. I will confess I did by 5 of the 2011 set and sold 4 sets.