Did anybody watch this video? ^^^ No wonder these things are of varying quality. The thing bounces out of the hub on the edge of steel when the die pops out. Then the mint worker is grabbing them by the edges with steel tongs and sliding them into a tray. Not what I would have imagined but I guess it works. The national parks $5 is $424. You guys really think it'll be $550? Possible but I would hope not.
I guess we will see what the return rate is for how well it actually "works". Considered the mintage of the dimes the return rate was rather high
Time will tell but it is possible. The mintage was rather high for the dollars but it was able to successfully attract some non commemorative and non coin people. It's one of the better moderns and following the path that the 2001 Buffalo did wouldn't shock me either but it may not just from the mintage being so much higher
Was 125k for the Mercs ended up at like 112-116k or somewhere in there after the returns and cancelations which so far haven't been resold that I have seen. Household limit was 10
Current figure stands at 116,100. At this point, they will likely not sell any more. Many of the cancellations were probably used as replacements for lost or damaged coins and the Mint will not resell returned coins.
Hmm. That drop in the household limit is interesting. Suppose the Mint is trying to make it tougher on flippers?
The 10:household on the Merc was too high. The demand for a small, lower priced gold coin that wasn't an Eagle was going to be high. There were going to sell out even without scalpers. The end customer demand for the next two coins shouldn't be quite as high and with a low household limit, it should make it easier to buy. They might actually last a couple hours.
This is weird. I would've sworn the household limit was lower than that. I guess focusing on the Platinum proof (limit 1) overwrote my memory of the Merc episode.
Gee willickers. HSN is going to be after all of its employees to call in and buy one. Mike Mezak must be having a fit.
Really not sure why this one is so low given the mintage didn't drop very much. I was thinking the Merc was 5 but the website said 10. I think it was probably most people said they were or did get 5 that made me think that
I was thinking the same, but I went back through the threads here, and apparently it was 10 from the beginning. Sometimes I worry about my memory. On the bright side, if the household limit for these is 1, I know exactly how many to order. If there's an outrageous aftermarket spike, I'll flip and buy it back later after the price retreats, otherwise I'll hang on to it.
I honestly don't know what to think about how many of these will sell with that limit. Obviously the big guys will get what they want but the smaller flipper will be shut out on these for the most part. I guess if we start seeing a lot of preorder buys from dealers for them we could expect a lot to sell but at the higher price point I assume demand would have been down anyway
I feel good about the household limit of 1. It definitely wasn't easy getting a gold Merc, with all the flippers maxing out their orders. That being said, I wasn't mad about it at all, considering that I am a HUGE advocate and FIRM believer in capitalism. I think it's great that people were able to use their heads (and credit cards) to turn a quick profit. It seemed to be so successful in April, that I had actually considered it, and I talked to my wife about it for the upcoming SLQ. But in the end, I guess Im just sticking with my usual rule of never selling ANY of my collection. I'm excited to get my hands on one, and if it is anything like the Merc, it will be overpriced, with poor quality control, and it will look FANTASTIC!!! I love the single gold Mercury dime I purchased, and I can't wait for September 8th!!