Apollo 11 - 5 Ouncers on HSN Tonight - Unbelievable!!

HSN showed one of the NGC slabs the other day, they're laughably big like usual and being extra thick they literally look like a book. You could color the spin and it would probably fit right in on a book shelf

 

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Numbers are out through the 27th.
https://www.usmint.gov/about/production-sales-figures/cumulative-sales

 

That's terrible numbers overall

 

Terrible numbers now means higher dollars later. At least I hope.

Dont ruin my hope!

 

Along with being over priced, going into a long backorder didn't help the 5 oz'er sales, people want it now, not 4 months from now. If it takes 4 months, I bet they're sold out by the time they're in stock, if not before. Of course, probably still won't do as well as if they sold out in 24 hrs.

 

Can’t complain about shipping time. My $5 gold proof was delivered this evening.

 

it looks AWESOME

mine are at UPS for pickup. Since I'm not home, I can't sign for them. So I pick the stuff up becz it requires a signature. I'll have them tomorrow morning. Edit, looks like Wed now.

 

Nice, I just ordered the unc gold to ease the pain of a semi flop program and to lower my overall premium over melt, as well as to put away an issue I like.

 

I’m a sucker for proofs.

 

I do like this proof & the baseball because they don't have a lot of shining fields, otherwise, I only buy the uncs, lower mintage and to me, closer in appearance to a frosty old Morgan or Peace.

Being a sucker for proofs may mean other things as well. A blonde one told me guys like blondes because they like shiny things.

 

They have staff that buy them on line form the mint like everyone else, they also have buyers that purchase them from dealers who buy them from collectors that bought all they could and flipped. This means that a large quantity of any new issue very rapidly winds up in their hands.

As for them "already being slabbed" The TV people FREQUENTLY use mock ups to show items that they don't actually have on hand yet. In early January you will often see them selling say new silver eagles in slabs just a day or two after the New Year. But if they show a CLEAR close up image of the slab you will see the label has the current year, but the coin is that of the previous year. They just put a fake label on another slab. If you look at the "slabbed coins" on the HSN website you will find the images are photoshopped. Look at the proofs, those are NOT real coins. they are the artist renditions that have been photoshopped into the slabs.

62 posts to go

 

So HSN is peddling Moon Dust?

I wonder what all the flat-earth / moon landing conspiracy. Coin collecting folks think.

 

I wonder who is buying these absurdly priced coins from HSN? Any thoughts? Can’t be the millennials since they don’t use coins and prefer to buy “experiences” over “things”

Given the direction of the hobby, which seems to be going the way of Blockbuster and Baseball Cards, those coins have a huge downside risk.

 

Those who purchased from HSN have already realized their downside risk whether they know it or not.

 

Those are pretty low numbers. I'm surprised there wasn't more of an interest.

OTOH with the prices as high as they set them, I'm not THAT surprised.

What does the Mint do with all the unsold coins when they stop selling them? Do they melt/destroy them?

I bet they're regretting their limit of 5 for the Kennedy set. They put the mintage at 750k and only 69k were sold.

And the gold mintage of 50k (was that for each of the proof and non/proof or both combined?) was limited to 1 per household and they only sold 9k of the regular and 19k of the proof.

 

62 posts to WHAT?

 

Until he hit's 10K posts.

 

Got it.

Hey, a goal is a goal.

 

750k for the commem half, 100k for the set with the Kennedy. 50k gold combined.

 

Thanks. I stand corrected.