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2021 Silver proof set, priced at..... $105.00????
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<p>[QUOTE="John Burgess, post: 7311784, member: 105098"]I think most people are counting on these, being sold at silver prices in the long run, I don't think anyone is legitimately going to pay $150 or more on the secondary market for this set, much less the $105, it's just unrealistic pricing from the mint.</p><p><br /></p><p>HOWEVER, Mintage can be a factor here. I just know better than to think the mint is going to make 100K of them or less and call it a day. It's possible, it's just unlikely. it's still sitting on "none" for mintage, product or ordering limits. something to keep an eye on I suppose, but i'd wait it out, maybe it doesn't sell well at all and they come back to reality and they reduce the price.</p><p><br /></p><p>Checking cumulative sales figures, </p><p>they sold 283,433 silver proof sets until Week ending Oct. 11th the price increase took effect oct. 13th, and their Dec. 27th sales number for this set was 313,376.</p><p>29,943 were sold after the price increase, darn near 10% of the sales pre-increase.</p><p><br /></p><p>So yeah by end of week 41, pre-price increase, they sold 283,433 and average of 6913 sets per week. from week 42 until week 52, they averaged 2722 a week sold.</p><p>A pretty dramatic reduction.</p><p><br /></p><p>Really depends on how they supply the coins, if they do big run and it sit on sets in a warehouse, or if they do a small run and stick the overflow on back order and mint to need for the rest as the backorder hits certain benchmarks to make a run worth the set up, of course cancelling orders for people also.</p><p><br /></p><p>Something to watch on how they handle it. I think a possibility exists they stay the course and make production adjustments it winds up at around 150K or less sold by the end of the year. I just know the marketers are gonna want their sets to sell for exorbitant prices regardless of how much the mint charges.</p><p><br /></p><p>All speculation of course with some data that's available, for all I know silver is about to blast through the stratosphere and the dollar tank and the treasury has already told them "sell that silver high!", I doubt that's the case, but who knows until ya know really, hindsight is 20/20, foresight is myopic and fallible.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7311784, member: 105098"]I think most people are counting on these, being sold at silver prices in the long run, I don't think anyone is legitimately going to pay $150 or more on the secondary market for this set, much less the $105, it's just unrealistic pricing from the mint. HOWEVER, Mintage can be a factor here. I just know better than to think the mint is going to make 100K of them or less and call it a day. It's possible, it's just unlikely. it's still sitting on "none" for mintage, product or ordering limits. something to keep an eye on I suppose, but i'd wait it out, maybe it doesn't sell well at all and they come back to reality and they reduce the price. Checking cumulative sales figures, they sold 283,433 silver proof sets until Week ending Oct. 11th the price increase took effect oct. 13th, and their Dec. 27th sales number for this set was 313,376. 29,943 were sold after the price increase, darn near 10% of the sales pre-increase. So yeah by end of week 41, pre-price increase, they sold 283,433 and average of 6913 sets per week. from week 42 until week 52, they averaged 2722 a week sold. A pretty dramatic reduction. Really depends on how they supply the coins, if they do big run and it sit on sets in a warehouse, or if they do a small run and stick the overflow on back order and mint to need for the rest as the backorder hits certain benchmarks to make a run worth the set up, of course cancelling orders for people also. Something to watch on how they handle it. I think a possibility exists they stay the course and make production adjustments it winds up at around 150K or less sold by the end of the year. I just know the marketers are gonna want their sets to sell for exorbitant prices regardless of how much the mint charges. All speculation of course with some data that's available, for all I know silver is about to blast through the stratosphere and the dollar tank and the treasury has already told them "sell that silver high!", I doubt that's the case, but who knows until ya know really, hindsight is 20/20, foresight is myopic and fallible.[/QUOTE]
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2021 Silver proof set, priced at..... $105.00????
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