Is the US Mint taking aim at flippers?

Discussion in 'US Coins Forum' started by Santinidollar, Jul 28, 2018.

  1. Santinidollar

    Santinidollar Supporter! Supporter

    I ask the question because:

    — The 2018 silver reverse proof set saw 106,000 sold the first day with a household limit of 10. Now, with unlimited orders permitted, the quota of 200,000 sets still hasn’t sold out. Plenty of sets obviously available for those who wanted them.

    — Remember the stink over the 2017-S silver eagle proof in the congratulations set last year? The flippers ate up the supply in minutes. On Aug. 14, the 2018-S version goes on sale with no mintage limit and no household limit.

    You suppose the Mint has decided that its mission is to make coins available to those who want them, instead of kowtowing to the large dealers (as some have alleged in the past)?

    Of course, I bet the TV dealers such as HSN will grade the two above-mentioned items and count on their audiences simply not knowing they are still available from the Mint.
     
    Last edited: Jul 29, 2018
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    If you go over to eBay, you’ll see somebody trying to cut their loss on the 2018 silver reverse proof set. Opening bid of $1 available on several sets.
     
  4. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    My personal style is to "flip off the flippers", and it feels good to finally have the Mint at the party.
     
  5. Santinidollar

    Santinidollar Supporter! Supporter

    That guy on eBay isn’t the brightest bulb in the lot. If you’re going to have a fire sale with a $1 opening bid, wouldn’t you put them out there one at a time?
     
  6. messydesk

    messydesk Well-Known Member

    The Mint needs flipping off, too. They manipulate the market for their overpriced stuff when it first comes out with various ordering limits, then change the rules of the game when their sales quotas aren't looking right, and then everyone is stuck with stuff that eventually sells for a fraction of the original price.
     
    Oldhoopster and Chiefbullsit like this.
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    Disappointed office seeker? The mint produces product on a large scale, and try's to please most folks. Sometimes things go awry, and there is a product that winds up in demand with low mintage, and commands high price. Who knew? Luck of the draw, knowledge of forethought? Point is, if a product is available in limited quantities, ya better be on your computer come 12 PM.......
     
  8. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Hey wait a minute, I still get my Mint Catalog in the mail, weeks after some items I wanted sold out.
     
  9. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    But you don't get individual mailings for each product any more, do you?
     
  10. green18

    green18 Unknown member Sweet on Commemorative Coins

    That's called, 'missed the boat' son. Ya gotta pay attention, son........now get with the program.

     
    charlietig likes this.
  11. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    They said up front the household limit had a short shelf-life.
     
  12. messydesk

    messydesk Well-Known Member

    They haven't always done this, and the reason that they said it is probably that nobody trusts them after what's happened in the past, and dealers aren't playing the "cattle call" game as much.
     
  13. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Dealers. Cattle. I like the comparison, and they leave the same stuff lying around.
     
  14. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Do you mean kowtowing?

    And yes, I think the Mint had a few debacles in recent memory, and they are trying to rectify that. The Kennedy fiasco at the ANA a couple years ago is one of the biggest that comes to mind.
     
  15. Santinidollar

    Santinidollar Supporter! Supporter

    LOL. That came out wrong, didn’t it? Correction noted.
     
  16. Howard Black

    Howard Black Active Member

    There's a new limit. It's a "stealth" limit.

    The order page says "Household Order Limit: None" -- but, if you put "100" into the quantity, and then click the button to up it to 101, this will pop up in red:

    "Your quantity has been reduced to 100, due to product limit within single purchase."​
     
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