A "Household" is defined as a shipping address. As such, the big companies that solicit folks to order for them, CANNOT have the items shipped directly to them. Solicited orders must go to the individual that orders the sets who then forwards them to the big companies. Big Companies require thise that order on their behalf to provide the US Mint order number and pay commission checks "after" the items ordered have been received at the Big Companies. What this means, is that regardless of "Name" or "Credit Card" used, the shipping address must be unique for each household. IF someone manages to place two separate orders for the same shipping address, during routine audit's, the duplicate order(s) is/are cancelled. IF, by some magical occurrence, multiple orders are received for the same address AND they actually get mailed before being cancelled, the US Mint reserves the right to restrict and/or cancel ordering capabilities for the accounts involved. The BIG COMPANIES solicit folks to order for them under the guide lines outlined above. There are MANY folks who are not collectors that are more than happy to jump on the profit bandwagon. Especially when they can make an easy $50 per set. The sooner that folks drop this unrealistic expectation that there is honor amongst coin collectors and rhw FACT that the US Mint is a site literally OPEN to anybody in the World that has an internet connection or telephone, the more prepared they will be for actually getting what they want without having to pay some jacked up prices to "The Big Companies" AND.OR the enthusiasts that managed to get their orders in under the wire. Do you suppose that the seller in the ebail listing below is from "The Big Companies"? http://www.ebay.com/itm/2015-Coin-C...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 Or is this simply someone that knows and understand that a profit can be made? What about this seller? http://www.ebay.com/itm/2015-Dwight...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557 Back when the 5 oz America the Beautiful coins were blazing HOT, I had a buyer paying me, first $375, then $350 for each one I could send him. Once the "hysteria" died off, the solicitations stopped. Gold was found just laying on the ground in 1849 and hundreds of thousands of folks flocked to the area for their fair share. Nothing has changed over the past 166 years. Now, for those folks wanting the US Mint to start "Lotteries" for these coins? I've tried that route with the Bureau of Engraving and Printing. I didn;t get picked YET, the Big Companies all managed to get more than enough to pass around at jacked up prices. That's just the way it is.
I believe that they do a "Test" with your CC before actually submitting the invoice. I recall that on the Truman Set, I had exactly the same occurrence as did many others.
I said this about the High Relief gold too. Just be thankful they did not overcharge you by $1,500 like that one. I think that was the first time I saw them do this.
The Mint's Facebook page has lots of comments from angry customers who were able to get onto the Mint site at noon but unable to complete their transaction. I have a strange feeling that, like the Kennedy set, the mintage of the Johnson set will also be increased. My guess is that the Ike sets including packaging were already produced around same time as Truman sets and mintage could not be increased. This is likely not the case for Kennedy or Johnson sets. If Johnson set is set at 17K mintage, I will be surprised. TC
Update: http://www.coinnews.net/2015/08/11/2015-eisenhower-coin-chronicles-set-sells-out/ "No additional inventory will be produced, Simms said, adding that the 17,000 sets are already at the Mint’s fulfillment center for immediate shipment to customers."
Average eBay Buy It Now prices today are running between $220 and $280 per set, with a few outliers getting up to $330 per set. Looks like the flippers are answering the call...adding around 25 to 30 Eisenhower sets to eBay every hour.
I have a question to ask the crowd. If you were in these to flip, would you A) sell to the larger companies for the current going rate of $100-$150 per set Or B) put them on eBay and try to squeeze those few extra dollars out up to $200 per set? Just curious. I tried to buy and resell to some other folks but the site failed on me too much to get through. I didn't want to deal with eBay and that baby mama drama. Guess I don't have to worry about either now.
@treylxapi47, If I were to flip my extra set, I'd put it on eBay and try to get a maximum profit. I think I may just get that missing Truman set via a trade with someone here on CoinTalk. If it works out, then I'll have achieved exactly what I wanted by getting the extra set.
I'm in a strange spot myself. I'm pretty sure I was able to order two. I have received one email from the Mint, order shows on hold on my acct and my cards been pinged for pre-authorization. If/when I get the 2 sets then I'd list them on the bay because I don't feel comfortable with the presale stuff when I don't actually have it in hand. I think I'd be leaving a nice amount of money on the table however waiting until I actually have them. Or I could do the friendly collector thing and help someone out that missed out via a trade for a Truman set and start my own RP Prez set... hmm decisions, decisions What would you do in this scenario?
IMO, the Ike set is more valuable now. Have them throw in a silver eagle or two to make it a fair swap.
My extra will go up on ebay for around $250. Those funds will go towards paying down the credit card.
I can't decide...wanted to get more than 2, but the site failed me. Want to keep 1, but also want to make some money...would probably go for eBay...