US mint blew the release of the 2017 Congratulation set

Well My gut feel on the S mint Proof Silver Eagle would sell out fast.



But I got to say it sold out faster than even than my assumptions. I logged on early at 11:30 made sure my log in and credit card was up to date. All of this prep helped me out because I had my order confirmed within 30 seconds. I feel the mintkind ablew it They release a popular coin, the 2nd lowest mintage of all time for the series and they didn't put a order limit on it. Why would they do this? It motivated the dealers to scarf them up at a record pace! It also blocked a lot of the collectors from adding one to their personal collections. I own a complete set of Proof silver eagles and knew the hype would explode.



It really was a bit of a secret that the Congratulations Set 2017 would have a Sanfrancisco minted silver eagle, But you would learn this if you were subscribed to mint blogs or checked coin world weekly? So what are the opinions of the collectors, do you feel the mint left most of us high and dry?



It even appears that even NGC was caught by surprise. Because the default trolley label won't be available until April 19th.

 

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It won't be the second lowest mintage.. they are releasing them in another set later this year.

 

The TV Coin shows caused the issue in my opinion. They already had the Coin from the set on pre-sale yesterday. I believe I saw Coin Vault pre-sale price $129.00
They bought them up to claim the lowest minted SAE of all time at 17,000 mintage. This is 129.00 on their web site!

 

Yeah, I tried to buy it but it wasn't available for sale and still have the "REMIND ME" button.

So it's sold out ?? really ?
I saw eBay ad was pre-selling them for 2x the US mint sale price. and had 88 sold.

I figured it would barely be looked at.

I do have last years though.

 

Agreed. The "regular" 2017W proof ASE sold 226,000 coins on its first day of sale a week or so ago at $53.95. I expected no less with this special 2017S coin for just $1 more in price.

The ASE is an extremely popular coin in all finishes. The US Mint could have raised the mintage to 200,000 and it would probably still have sold out with plenty to go around and have many more happy collectors. I was fortunate to purchase one.

 

The sale was totally botched. If the Mint doesn't want the image of cow-tailing to the big buyers -- including the TV peddlers -- it needs to do a whole lot better.

 

Time for another Philadelphia gripe session with Mint management, I guess.

 

Personally it does not affect me, since I am not a die hard ASE collector. I prefer 19th century coins over bullion type coins any day of the week. I still do not agree with the decision to produce so few and keep core collectors from getting the S coin.

 

To sell it out. Those sets generally move miserably slow for them and a dollar is a dollar to the mint. If anything it's easier for them to ship a few large orders and a bunch of small ones and they get far less returns from the big boys than they do collectors who just get one and look it over closely. They got what they wanted a quick sell out where they don't have to worry about sitting on them.

 

Oh, Jeez. We wouldn't want to make the Mint's job of selling to the public overly difficult, now would we?

 

The still-to-come "big" silver proof set will also have the S ASE. Watch that baby!

 

Does it really make any difference? 1/3 to a half (if not more) of every mintage basically ends up in the same 5 places to sell every time no matter what limit they put on orders. A limit of 50 or a 100 would have been more of a compromise, but they're a government business essentially money is money to them. If they were overly concerned about what collectors thought many recent coins would have had far better designs

 

You think they'll have a reverse proof in there?

 

They are still government. And, although this concept has been largely lost, they are still obligated to act in the general public's interest, which they did not yesterday.

The big guys still could have gotten plenty without basically shutting out a large percentage of the collectors and forcing them to the overinflated secondary market.

 

Which is the same as every other day. Their counter argument could always be that businesses are part of the public too ect. Had they done an unlimited mintage a lot of people wouldn't have cared about it. As someone mentioned in one of the other threads they're much better at marketing than a lot of people give them credit for

 

The Mint has done limited product offerings before, along with a limit per customer, and sold out. All this sale did was make it convenient for the secondary market gougers.

 

You d'man.

 

I'd settle for 100-proof in there.

 

So do you think this will be available in the Limited Edition Silver Proof Set?

The 2016 LE is still available too ...

 

It is in the general publics best interest to do your best to guarantee a sell out, that they did. What they did was not in the small collectors, it was in the general publics interest.