Discussion in 'US Coins Forum' started by statequarterguy, Jul 25, 2014.
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That will block the sale of any special TPG labels dedicated to the show. Now their next hurdle will be to level the buying field the best they can and stop anyone from amassing large quantities of coin sets early on. After 30 days all is fair in love and war, IMHO. I'm speaking strictly from the collectors perspective, not as a dealer or flipper would view it. But lets face it; the latter were big contributors, besides the mint, to the fiasco that caused many of the problems. I think only a lottery would come close to accomplishing this. Let see how the mint proceeds.
If that happens, I will probably buy a set on eBay instead of from the US Mint directly.
Problem is, one of the big dealers at the ANA show at the Minshull booth during the director signing items, told me how they do it...they have hundreds of friends, friends of friends, and they pay them a stipend to use their credit cards to buy the household limit online, ship it to the dealer immediately after they receive it, and they get paid for the item plus their bonus. He also told me they have several credit cards issued in different names, using multiple PO boxes to order as much as they can on their own. So that field will never be level because I can't see any way for the mint to police who is legit and who is buying for a dealer.
Figures....how about must make so many purchases from the mint with a verified address?
We could only be as lucky as to have coins that look like the RCM's. they do a great job bringing out new and innovative coins every year, and better yet, they mint them in small numbers
Well there are only 462 collectors!
That was an attempt at humor for my Northern friends. I always tease my buddy from Toronto that if they do not shape up we will send the Minnesota National Guard up and invade, then he says watch it or they will burn the White House and I say back "in retaliation for the US burning down your Parliament"? Its an inside joke. It is amazing how many Americans do not know their own history sometimes.
You might be in the ballpark on that one..as a min
I know I disappeared a while back after finishing my type set and now buried deep in graduate school. Anyway, I know the JFK set is releasing soon and I was determined not to miss it like I did the ASE in 2011. I just wanted to pick ya'lls brain.
So it releases oct 28, 12et
Unlimited mintage: 5 per house
Now I'm curious with an unlimited mintage the craziness (theoretically) won't happen like with the ASE. So I'm curious how many of you will pick up the 5 order limit? I'm thinking of doing the 5 order limit just to be "safe" then selling off the extras as needed.
So yeah just wanted to check and see where everyone was at with this set and make sure I didn't miss out lol. Thanks guys.
This set will most likely not be a short term flipping opportunity like the 2011 ASE set, since the mintage is unlimited. Many are finding what unlimited mintage means now with the gold Kennedy, as they’re losing on the flip. I’ll buy one or two silver sets and maybe more later if the mintage stays low, however, I expect the mintage to go high.
Not sure I would call the 2011 ASE set a "short term" flip opportunity. It is still worth twice what it originally cost.
Well, it was a short term flip opportunity, you could have more than doubled your money overnight. IMO, it's way under valued now, as too many are still being flipped.
My thought isn't so much to flip and make money as to buy the 5 limit to increase my chances of getting quality coins/sets...safe than sorry I guess. Like buying 5 lotto tickets. If I can get out of them what I put into them That's fine but profit isn't the goal.
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