2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

Speculation on many issue's with this set, I'm still in for 3 sets. I just hope that my sets don't have the spots that I have seen on many silver eagles.

 

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What's the deal with the new ship date of 28 September?

 

Pretty simple if you stop and think about it...

It's the estimated time it takes to mint-to-demand the amount of orders received beyond the previously announced shipping estimate.

Take into account materials and facility preparation worked into an already ongoing minting operation geared up to deal with these orders, the time for labor to do the work of minting these coins in the quantity ordered, QC to approve them, packing of acceptable coins to be sent from the minting facility to the fulfillment center, for those shipments to reach the fulfillment center, for PBGS to sort and pack orders for invoices received and dispatch orders.

 

glad i got my 20 sets in on the first day. All I want is to assemble 5 sets of 70s. Probably pick out the 10 best looking sets, submit those, and keep my 5 sets. Then dump all the rest on ebay. If I can net the issue price on ebay, I'll be happy. If not, whatever.

Probably would be cheaper and easier just the buy sets of 70s on ebay, probably for $250 each early on. But I like to submit myself. Not to mention the fun of speculative selling.

 

OOH! I won't be able to get my early releases label! Good thing I am not going to submit. :yes:

 

somebody's seconds

Sorry to say, but for anyone that orders now (or later) there is a likely chance they may receive someone's returned coins.
The 9/28 ship date allows the Mint to process returned coins from the July round of shipping, and send them back out to folks who ordered late.
If you've waited this long to place an order, you may have missed the best chance at getting a coin you're perfectly satisfied with.

 

agree

 

People are not going be returning these in numbers since the first sets in hand will sell for a premium, also by the time the first coins are received and the rejected coins are sent back the mint will have already struck a large percentage of the remaining coins anyway.

 

What a pile a misconstrued rubbish! There is no evidence to suggest the mint engages in such a policy of passing returns to another customer NOR is there anything to suggest late orders get returned merchandise for products no one yet has In hand or has yet been able to return. "Mint to demand" means minting per the number of orders received, not minting less and expecting to have enough returned product after the order window closed to fulfill all orders received later. This is a bogus claim and a wildly false impression you are giving.

 

Enjoy those PR68s.
This has been discussed before: http://www.cointalk.com/t101683/

 

I am well aware of the idea people have about the Mint sending out so-called, sloppy seconds. But that's not what I was referring to in that thread. I commented on that thread that it can occur, but I still find it hard to prove to what extent. That is why when I was discussing it in that thread, I put "(it seems)" in paraenthesis, as I question the policy myself.

Most people claiming they got returned merchandise from the Mint would be hard pressed to prove it. Most people can't even point to the differences in upper grades of coins if that is why they are returning products. Grading is subjective, humans are not all the same, nor have they the same eye sight and ability to grade coins. Some people may think they see something less than a 70 and return the coin while (IF) another person gets that coin and submits is they might get a 70 in return from a TPG.

As I mention in that thread, coins can be sent out again pending a likely quality control inspection. I have returned visibly damaged coins that I have received from the Mint that were not possibly returned by a previous customer. I have returned coins with scratches and spots, which I received from subscription orders. Those coins which I returned would not go back out to another customer, but they may be sold as impaired proofs to a bullion dealer, possibly. If you return a coin that you 'think' is a 68, and the Mint says there's no QC problem with the coin, surly they could/will send it back out if they have an order to fulfill. The next customer might disagree with your 68 and the TPG they send it to may also, returning a coin in a grade higher that you 'thought' it may get. This is a subject thing, grading is, and what constitutes the hair-splitting difference between those grades varies between people. The Mint isn't likely assessing the coin the same way you are either.

Anyway, your idea that orders placed after the first two weeks of ordering for the ASE 75th will receive any coins returned is a bogus one. First it hasn't yet happened and you would be hard pressed to prove it had.

 

Can't see why this would be a stretch to believe... If someone returns the item because they changed their mind, for all intents and purposes, there is nothing wrong with the product or with turning around and selling it to someone else. If a customer returns it because they're damaged and scratched, of course the mint probably doesn't turn around and resell that. Because the initial ship date is late July, they'll probably see some returns as early as mid august.

All it takes is a small blemish or nick on the coin to prevent it from getting a 70. These are the types of coins that would be returned and recycled. If you want a coin that is guaranteed "fresh", order in the first week. What's the difference between ordering then and waiting until the last second if you're a collector?

 

I understand what you are thinking about however, the fallacy in that thinking, as I already said, is that ordering early will get you better, so called "fresh" coins. That is not true. I have experience receiving subscription orders for Proof ASEs that arrive with noticeable scratches and spots of that milky like substance which the Mint failed to wash off entirely in the cleaning process. Those were "fresh" coins. I've noted the problems on the return form and in some cases sent pictures I took of the coin pointing out the spots and scratches that I found problematic.

I've also already responded to the idea that the Mint inspects coins that are returned to them and if finding them acceptable for resale, potentially allowing those to be sent to another customer. The problem is in collectors belief that they are getting poor quality coins based on a subjective idea like grading, and that they are correct in grading coins at all, let alone the coins that they suspect were returns from other customers because they ordered after the first week. There is simply no good evidence to prove that you received returned merchandise, even if the Mint sent out a previously returned coins because, by it's own standards, they found it passing their tolerances. The Mint's idea of what is good and acceptable quality is not the same as the subjective idea collectors have constructed about coins and perfection.

 

The US mint ship dates are all funky!

if you go to purchase the set it now says Product will be available for shipping 07/18/2012

but I have two orders with later ship dates.

backordered. Expected to ship on 07/27/2012.
backordered Expected to ship on 10/31/2012.

 

I talked to the US Mint. She says regardless of what your ship date says the first 150,000 orders will start shipping out at the end of July. And all others will start shipping out in late September.

But I am not sure what to believe.

 

That must be mistake. :smile Either that or Moderncoinmart worked out a special deal to increase their supply of early release labels.

 

LOL thats what I was thinking

 

It makes sense... I think it was around the 150k mark that they changed the ship date to the later September one. Think someone on here even speculated that they had that many ready to go, then afterwards would mint them to meet demand.

 

I just ordered my first set a couple of minutes ago. It said expected to ship 7/18/2012, which I am not expecting. It's always an adventure. Who knows what will happen.

 

Same with me. I pulled the trigger on 1 set only. It gave the 7/18 date, but I'm not expecting that, since the numbers ordered was at 217,000 +. I think their system is just not accurate at this point.

I also ordered a 100 coin bag of El Yunque S mintmark quarters and a 2012 Silver Proof set. The silver proof set says it's in stock, but the ATB S El Yunques have the 7/18 backorder date too.


We'll have to see what transpires.