So who's buying the new Enhanced Reverse Proof ASE?

Exactly. Those are snoozefests

It didn't actually sell out in 75 seconds, it maybe could have but their system is really bad and can't handle that volume. It was most like somewhere between 10-15 minutes with all the lag.

Sure you can, it gets people excited.

Not really. More people get bored with products that are constant losers price wise, over minted etc than this. People actually got excited about this

 

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It was the acknowledgment.

 

To add insult to injury this popped in my inbox at 12:49pm:

 

ayyyyyyyy

edit (wait that just a notification lol)

 

The US Mint’s twitter just posted about it at 1:08pm eastern, an hour after it sold out. LOL

 

Apparently, 500 of these were available at the Whitman show in Baltimore.

 

Lol that's just embarrassing. At least the emails are automated

 

I gave up trying to pay for the enhanced eagle so I changed my order and bought all 20,000 River-of-No-Return 5 oz. pucks instead. Take that, you flippers!

 

So it is obvious that the U S Mint is not producing for collectors. It is all about the flipping and big dealer profits. I personally don't consider these products to be part of any "set". They are novelties. Like I said earlier, tomorrow there will be dealers with hundreds available.

 

Wonder which 500 households bought them?

 

Over 1,000 have sold on eBay this morning already...

 

They're producing for profit which is exactly what they should be doing.

 

If they were producing for U S Mint profit they would have put the limit higher. It's like everything else that is government related, big business and lobbyists are in control.

 

Not exactly. They need to have high excitement products every now and then in order to generate interest and publicity etc. It's basically the coin world version of running a happy hour special.

 

Unfortunately there is an endless supply of ignorant hopeful new flippers to replace the current flippers that lose money and stop flipping.

Unfortunately there is an endless supply of naive collectors to replace those collectors that no longer play the game of being shutout at the mint store and being stupid enough to pay the outrageous premiums to the flippers for this crap.

Former flippers and former collectors meanwhile sit back and bitch about it on CoinTalk.

Life is good.

 

People complain when they make too many. People complain when they make too few.

 

https://www.cointalk.com/threads/monumentmetals-offers-100-to-be-their-shill.350078/

 

It's almost like there's a lot of complaining in collecting

 

Oh, yeah. Let’s create some excitement about collecting!!!

 

If limiting the mintage to 30K means people are willing to pay $400 apiece for these, you'd think the Mint would set the price to that. Or, conversely, if the price is set by legislation to be ~$60, they should've made more.

I hesitate to call this "artificial" scarcity, given that the Mint is the only entity that determines mintage for any of its issues, but it's definitely undershooting demand, and I have to think that's intentional.