Update: Lincoln Chronicles Set

I agree with you 100%. There is a guy on eBay that has sold several of the 8-8-8 boxes and COAs for $15 per set. All the others that I have seen were $40 or more.
I have kept everything I have ever ordered from the mint in the OGP, even the outer boxes and any packing they might put in it...keep it ALL! Plus I never open the capsules, so they never get exposed to the air, etc. That's what I look for when I am looking to buy one.
Yes, the replacing coins sent in for certification back in the boxes will happen, unfortunately! Greed will make sure that happens!

 

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The production limit is not 50,000. It's 500,000, which I am sure is still a small number compared to the total population of collectors. I would like to buy this set.

 

Ooops! I guess I was wrong. It is 50,000

Here's from the Mint's website.

The 2009 Abraham Lincoln Commemorative Silver Dollar is limited to a total production of 500,000 coins (across all product options). The United States Mint Lincoln Coin and Chronicles Set is limited to a maximum production of 50,000 units.

 

I think there are a lot of Lincoln Cent collectors who will what this set for their collections. I have been looking forward to the set all year. I also think that were the Mint has placed a one per house limit they are anticipating high demand and are also anticipating that demand to come from collectors. IMO the limit is to try to give as many collectors a chance to get the set from them at their price and not from the flippers. With that said I think the issue price is high, but I'll still be in line trying to get one.

 

I'm going to try and buy three sets when they come out. I collect three sets of everything for my three kids. I have already set up three accounts with the mint with three different addresses and three different credit cards under three different names. I just hope that they don't sell out before I can log into all three accounts and place my orders. Hopefully, the mint's web site won't slow to a crawl come 12N Eastern time.

 

I'm willing to bet that it will.

 

Boy, I can tell already that this is the big event of the year at the mint. I'm thinking that I should take a half day to deal with the expected delays of the website. It should be an interesting experience.

 

Question:

If you are logged in successfully, say few minutes, before 12 Eastern time, would the system automatically log you off? Has this happened to any one in the past when high demand items are released?

Thanks!

 

Yes, the US Mint web site has a session time-out when you are logged in. It helps maintain security if you walk away from your computer, but is probably tied to their session or transaction cookies to track your browsing habits. It shouldn't matter when you logged in, within 20-30 minutes you'll notice you are logged off if you tried to execute an order. Give it a test to see.

 

I have noticed for any new release day their website slows to an absolute crawl or completely crashes. I know on LP2 day I kept getting an error saying site not available or site down for maintenance... something along those lines. I was finally able to get in at something like 1:20PM to buy the coins.

The mint is obviously trying to clamp down on the potential to flip these sets and allowing all collectors an opportunity to own one which I give them big props for. I will be purchasing one for my collection and am content in only purchasing one.

 

Those early spouse coins gave me practice at getting through and getting my order in. I may pick up one of these. i might even have my mom get another for me.

 

I believe I'll get mine in January. There's always someone who goes overboard at x-mas and needs gas money to get to work. Probably get a set for $30...

 

You might get the set for $80 in January but I doubt you'll get one for $30. Of course, live ones are born every day.

 

At least some times in the past the mints site HAS dumped everyone off at noon to provide an even playing field. (because some people were signing on early to beat the rush, loading their cart with the items and then just trying to go to checkout at noon.)

And yes the site most likely will slow to a crawl or crash. Do you want to know why? Because a LOT of people out there have learned the trick of having multiple windows or tabs opened on their computer, each pointed to the mint website. Then at noon they just start running through them refreshing all of them and doing so repeatedly until one gets in.

Now think about that. Say there are 20,000 people out there each sitting with an average of 5 windows open. At noon they all refresh and the mint server gets hit with 100,000 requests for service. In effect the site has been hit with a DOS or Denial Of Service attack, but one done manually rather than by a virus botnet. The site can't handle it and most of them get dumped, The people immediate hit refresh and the attack on the server continues. So by trying to increase their chances of getting through they actually slow the site down and make it more difficult for everyone to get through.

 

It sounds like a mass conspiracy theory to me. Who shut down the U.S. Mint website? I think it was something from Area 51!

 

Just so everyone's clear, the mint has already sold 450,000 total of the Lincoln silver dollars. That's PFs and MS's combined. They held back these 50,000 proofs for these special sets.

The more I look at it, the more it seems like a marketing gimmick. I agree with others that there will probably be a lot of people going nuts over the mint packaging. This is ALL about the packaging. Has nothing to do with the actual product. You can buy the silver dollars on ebay all day long. You can buy all the 2009 proof sets you want. You can buy just the Lincoln sets if you want.

I've already got my 2009 silver proof set with the cents and my NGC PF70 '09 Lincoln silver dollar stashed. I'm on the fence whether I care to order one of these, pay the shipping and wait. Then, you might get them and the cents will have white spots all over them, which appears to be common.
If I decide to get one, I'll keep it. The actual product is not rare. I wouldn't stay up until midnight to get one of these but since it's going in the morning, I might try to get one just to be part of it and have another set. We'll see.

 

Right On! Vess1. :hail:

People/collectors need to learn about the marketing and packaging. They need to learn to perceive it as useless to the coin product. Don't believe you are buying a limited coin, you are buying limited packaging which is worthless, even more so due to the high mintage of the coins. Focus on the coin, not the pretty package.

I do so wish that the Mint offered collectors to buy their special coin products that only come in presentation boxes without the boxes, just send a COA and the coin encapsulated in a plain card stock box or may the velvet box at most.

Understand the marketing behind what drives these things folks and enjoy your coins. :thumb:

 

I guess I'm ok with this. There's a lot of people who haven't gotten their's yet and were waiting for this set to come out. The way they delayed, I didn't know if it would come out so I got anxious.

I guess I'd be more excited if this was all they were coming out with. As in the only proof, copper LPs. Since the proof sets have them as well, it's not as big of a deal as I thought it would be.

It is a nice presentation and I wouldn't mind having more of them just to have them. No way I'd pay any premium after the initial sale though.

 

I would have preferred they produced more of this presentation set and avoided the 4 pc proofs, but also did the standard mint and proof sets as well. there just seems to be too much redundancy in offerings and they come too late in the year.