Monday is 2021 Morgan Day No.1

You seem to be missing the point. The products that it would be needed for will literally sell out in seconds if the system is flawless. The distribution would not improve at all more would go to the big companies right from the mint

 

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Or, it's possible that you're missing mine. Regardless this is going to have to be one of those agree to disagree issues, I think.

 

I fully get it, but I can assure you that the complaints would be 1000 times more with the product selling out in seconds. Not to mention all the conspiracy theories that would be brought up about secret deals with dealers etc lol

 

You could even weight the number of draws by account age or $ volume in past year. Kind of like the NBA draft. That would reward the long time customers and the whale customers by giving them more chances than the one off sneakers bots.

 

Retailers in the sneaker market do this. It just results in people flooding the system with 100s of entries a piece.

People think queues or raffles will make it easier for them purchase. It won't. People will still game the system. They find ways to bypass queues. They use proxies to get more entries.

I pay pretty close attention to the sneaker market. The cook groups haven't been talking about this release. (If they don't know, I ain't gonna tell them). I'm pretty sure last time they ran into a problem- the mint actually checks shipping addresses and will cancel multiple orders to the same address.


If the US mint managed to make the website work seamlessly, we humans would have even less of a chance. It would come down to whose autofill or bot can add the items to cart and checkout the fastest.

 

The lottery could be tweaked. You log in and only 1 account per IP address with associated email address. Folks with existing accounts get 1000 entries. An extra 1000 per year of being a customer plus more entries based on dollars spent in the previous 12 months. New accounts get 1 entry per IP address with associated email. No more than 1 account per email and IP. It could work. The bots would still be there but at a disadvantage over what there is now. Same bicycle pictures to make sure the account is set up by a human. Try it it could not be worse than it is now. An IT person could figure out a system.

 

Not to mention Captcha's and simple slide puzzles have proven an effective deterrent to bots.

 

Under this new system, how much will my 30 year old mint account be worth on the open market?

Captcha's are not effective at stopping even the most basic purchase bots now-a-days. The most basic programs just pull up a window for the user to manually solve. More advanced programs can presolve them completely. The most effective tactic to deter botters recently in the sneaker market has simply been domain switches. Without a url the programs don't know where to make the purchase, giving the humans a small advantage off the jump.

I'm just saying this release the site wasn't overrun by the sneaker botters. It is somewhat cost prohibitive for them to go after mint products since they need a unique mailing address for each purchase. Now that the product has been proven on the secondary market, the future releases may be a bit different. This was just plain old more people wanted to purchase the product than there was product available.

 

Well I don't know how you would sell your email account and IP address, but I am sure not worth much to just to get a better chance to buy 1 coin. That is right, just random chance up front to get to purchase 1 coin not dependent on how fast your machine or internet is or how many windows you have open or any of that.

 

Well, can't argue the specific technology here, I haven't kept up with the latest store site hacking techniques. All I know is that I am never going to be convinced that an incredibly poor website response that crashes repeatedly and fails nearly universally at purchase requests is going to be the single saving grace that will allow people to buy a coin. Ain't going to happen.

That being said, luckily I'm not the one who has to be convinced. We'll ultimately see what the mint does when they decide to put the remaining coins up for purchase, and whether or not they've fixed anything.

 

There not fixing nothing... "We all go a little mad sometimes."
Norman Bates

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This is a lot of thought, work and worry for a hobby... To get in at the ground level,low looow price of only $85 on these. Lol. The experiment in human psychology is perhaps more valuable than the coins. We’re learning all kinds of things.
The control group thinks $85 was price gouging and passed from the get go.
Group B plans, schemes and fights to acquire them at that price.
Group C pays 2-3x on eBay for them and avoids the fray. Being only a pre-order of a pre-order. Lol
Now we get to observe not only people’s response after a 20 min sellout but a completely unexpected postponement on the rest. The only curve ball left is the announcement that they are unable to produce them or all of them. Then we’d really see everybody lose their minds.

I find it amusing that here we are, just another year and everyone putting their heads together trying to fix the mints website for them like it’s something new. The same one that’s been crashing for a decade. Also trying to figure out how to fairly distribute a limited amount of a product. The alternative is mint to demand. If there was ever a product they should have tried it on it would have been these and maybe only made Philly Morgans and the Peace and that’s it.

 

The Mint just needs better Captcha's! Imagine one with 12 different mushrooms and you have to pick out the three deadly ones! Or one with 12 different phones, and you have to pick out the one that is NOT trying to extend your car warranty!!!!!

 

I'm all about merit-based admission. 12 different Morgans, and you have to pick out the counterfeits.

 

Easy way to stop the big houses would be to make a requirement of the ASE program to be not able to sell any other type of collectable, new issue, coins. This would affect the parent company and any organization the parent company owns. Violations would result in immediate removal from the ASE program. That way some of the big houses would have to make a choice. I know it will not stop all but it would give the collector a better shot.

Hoping the Mint will actually fix the problem is idealistic. Having worked for a state government I can tell you the only thing the management of any agency cares about is making the politicians happy until the next administration. They push the can down the road whether it be environment, immigration, infrastructure, or any other real problem. Oh, we have a problem, let's study how to fix it. Three years later they start looking for money and the politicians are not willing to loosen the purse strings so they can look good for re-election.

In any event rant off.

 

I agree to disagree with the first quote. Meeting or exceeding Customer Service and Customer Satisfaction expectations should be the goal of every company including the US Mint. They send me Customer Satisfaction surveys every year, and every year I stress how much their Web Sites ability to handle high traffic - insert expiative. If enough people tell them the same thing year after year then eventually you would hope they would do something about it.

I half thought TopCatCoin's quote was a joke. This morning after catching up on the thread I went to the Mint site just to confirm and there it was. I am shocked and amazed that maybe the Mint is finally going to address this issue.

For those that said this will just make the sellout processes faster, I say, I would prefer to know I wasn't getting one in seconds than struggling/panicking for 20 minute to learn I didn't get one. When the Mint then sees that they can sell out certain types of collectible coins that quickly, maybe then they will realize they need to up the mintage to better meet the demand. What well run company purposely leaves that much money on the table? US Mint, if you are reading this, please fix your traffic issues and find the right balance for the mintage and distribution.

• Due to the extraordinary volume of web traffic during the first pre-order window for the 2021 Morgan Dollars with Carson City privy mark (21XC) and New Orleans privy mark (21XD), we are postponing the pre-order windows for the remaining 2021 Morgan and Peace Dollars while improvements in web traffic management are implemented to enhance the customer experience. We will announce revised pre-order launch dates as soon as possible.

 

https://www.coinworld.com/news/us-coins/available-privy-marked-2021-morgan-dollars-sell-in-minutes

"The Mint recorded first-day sales of 174,004 for the CC privy-marked Morgan dollar. First-day sales of the O privy-marked dollar were 173,607."

 

The dealers didn’t have 10% of the mintage already purchased in advance? What was the point of holding back 1-2k?

 

They never really hit the limit exactly. Orders end up getting canceled later from limits exceeded, bad addresses etc

 

It was crazy how it all worked