I think so... It’s not very clear, but in the past, reaching this step means you’re in. I guess there is still the possibility they have to refund some people because they some how over-sold, but I haven’t seen that happen yet.
From what I hear it crashed at 12:01. Is that true? How can they take 30,000 orders in less than 1 minute?
Well, I had no intentions of buying one. But, I do like to view the process. This has happened to me in the past and I see the mint is still governed by big business.
It seems inevitable that it cleared up as soon as they were sold out. The problem wasn't loading the product page, it was loading and processing the payment pages. If the item is sold out, nobody's hitting the payment pages with it, and the payment-page traffic drops back to normal. Payment processing is a lot harder to scale than "show me the product" pages, because payment processing has to line up for access to the inventory system and the payment processors. With a household limit of 1, that's 30,000+ separate threads lining up to get at the same resources. Even if you can get through the required transaction set in a fraction of a second, 30,000 fractions of a second can add up.
I'm sure the big dealers had everyone and anyone that works for them trying to get one to include employee's aunts, uncles, dogwalkers etc. I got one, but it locked up around 3 times on the submit.
If they'd said "mint to demand", hardly anyone would care about the issue. It's possible (though unlikely) that the final mintage would have been less than 30,000 for yet another novelty ASE. If they wanted to be fair and still have a limited mintage, they could set up a lottery system. If they instead wanted to generate a lot of excitement and discussion, and maybe remind everybody that ASEs are still a thing -- well, here we are.
There were offers to buy (pre sale) on CU. They were from $350-$575 if you locked it in with them. I'm sure there were plenty of other offers elsewhere also. "Flippers." Collectors once again will have to pay up if they missed out on the initial release.
they have sold over 319,000 W proofs so far this year, 100,000 of these would have had the same result.
So why didn't they increase the number? It's a relatively "cheap" product, unlike the 2009 UHR. You can't have a limit of 30K for something under $100. They LOST most coin collectors and future Mint buyers than they gained with this Limted Edition crap.
As usual, the Mint makes a mess with its computer system. As usual, the flippers have them in multiples and many collectors have none. As usual, we complain and say changes are needed. And, as usual, the same process will be followed the next time the Mint offers a limited edition of some sort. In short, they don’t care what we think. As usual.
But it's the low number that created the demand. If the limit was 300,000 there wouldn't have been a buying frenzy.