2017 S Silver Eagle on sale 4/4/17

Hopefully, we wait a bit for a fire sale.

I know some members here picked up some extras for some extra cash. That's cool. That didn't make any kind of dent in the overall number and should have not affected a collector's ability to buy just one (me, for example).

You can thank the Mint and its cow-tailing to swinish profiteers for this fiasco.

Speaking of swine, guess who just stopped by:

 

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I got one of these, but, I'll tell you, if the mint doesn't limit some of the big orders, they're going to lose a bunch of customers. I may even get out! This is suppose to be for FUN & profit, not PUMP & DUMP. Let's face it, there isn't that much profit in this game, unless you're sitting there with a hundred grand to throw at it when the mint says come and get it. I'd bet there's a whole lot more going at the mint than this. Anyone think there should be an investigation of the mint?

 

That wouldn't be a bad idea. I guess the question is whether the Mint is supposed to act in the best interest of the public. They certainly didn't in this sale. Something the General Accounting Office could handle.

 

I don't see why they should limit it. Look at the pass Congratulation set. They never sell out on them. Only this time it is a mint mark "S" rather than "W" and Yes limited 75K.

 

They should limit it to prevent exactly what happened Tuesday from happening.

 

Ok yeah over a million, but they can lower the mintage of let's say 100K, that is still pretty good I would think. With the "P" on the Lincoln in a separate holder. At lease something different than what the US Mint set has been in the past.

 

Yep or maybe the Inspector General. I think I'll look into it.

 

The right thing is to honor the orders taken. Not say sorry we changed our mind after the fact.

Having no order limit isn't even remotely close to a reason for an investigation.

 

Another bullion coin produced by the u s Mint.

125,000 coin added to the existence American eagle silver S Mint mark will come out 5,639,343 piece. Which is a lot. Too many S Mint mark American eagle silver dollar.

congraduation set and limited proof set will be the highest mintage for their respective series.

 

I was able to order the one that was still in my cart from yesterday at 7:30am this morning. Already got an email confirmation from the mint. TC

 

No, the right thing to do is set an order limit in the first place so more people would have had a chance to buy one. The big buyers could have still stocked up: it would have just been more trouble to do so.

Heaven forbid that we inconvenience Mike Mezak and HSN!

 

There's a difference between saying what the order process or limit should have been and what the right thing to do now that it is done though. Since it is already over and done with the right thing to do is to honor the orders they already accepted.

What the order process should have been or should be going forward is a different conversation

He very likely gets most of his stuff from the other big boys

 

And that is the conversation I'm having, not whether the terms of the sale should have been changed once ordering began. You brought that in. It is a non-starter to the issue.

 

The post I responded to was the one who had said he wanted to see order numbers reduced that were already placed

His full quote was "Clearly, they should have limited the Congrat Set. And, you know, they still could, like they did with the 1997 Botanic Set. I ordered 20 of those and so many got left out, they reduced orders to 5. C'mon mint do the right thing, rather than cater to the wealthy like the rest of the government."

 

The solution, I agree, is before the fact and not afterwards. One can rest assured that the Mint, in the future, will do anything it wants to do, the collector be screwed.

 

I bet you the silver set will have a limit and a lot of people will buy that that otherwise wouldn't have after this lightning sellout. I wouldn't be shocked to see it in a third product either. I think we can all agree the vast majority just wanted the coin and didn't care about the rest of the packaging. I'm not concerned about missing out on that one, they're putting it out at least once more

 

I'm sure the BIG dealers had fun, and they will profit. If you are talking about collectors, who ever guaranteed them a profit?

How do you define what is in the best interest of the public? Since Mint revenue do into the general fund and in theory reduce the about that has to be taken from the public in taxes, sellouts are in the best interest of the public. Unsold merchandise is not. Whether all the coins go to one buyer or one per person doesn't matter to the Mint, they make the same amount either way.

And as I have said before this is a problem that the Mint can not win. No matter what they do people are going to be unhappy and complain.

Low mintage and no order limit = near instant sellout, collectors miss out and complain.
Low mintage with low or 1 per household limit = it takes a little longer to sell out but a lot of collectors still get shut out and complain.
High mintage and struck ahead of time = unsold coins and the collectors complaining that the Mint has flooded the market and destroyed the aftermarket.
High mintage and struck to order = collectors complain that it takes too long to get their coins, and the flipping aftermarket is destroyed for those who were hoping to get theirs early and didn't.

No matter what the mint does they are going to get bashed.

 

Either way you look at it, clearly selling more sets is in the best interest of the public. Maybe not the profiteers, but definitely the public (the majority).

 

It's not a matter of changing their mind. Somewhere in the fine print it says they can limit orders after they are taken. That's what they did with the Botanic Set. Sometimes you need a tool to limit those who are too good at greed for the good of the majority.

 

Anyone have their set on backorder?