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<p>[QUOTE=&quot;TopcatCoin, post: 1067381, member: 22746&quot;]Email update from MCM:</p><p><br /></p><p>Dear ModernCoinMart Customer,</p><p><br /></p><p>I&#039;d like to take this opportunity to update those who are interested in purchasing the National Parks 5 Ounce Silver Coin sets. Many of you have been asking us when we will have them and what the pricing structure will be. In my last letter to you I explained that as the largest online retailer of certified modern coins your expectations of us are very high and the last thing we want to do is to offer a product and then withdraw it, or change the rules concerning purchase and pricing dramatically. For this reason, we have and will continue to proceed with thoughtfullness in every way possible with regard to the offering of these coins.</p><p><br /></p><p>Because of the low mintage and current demand you may be aware that sales have already taken place in the marketplace between $2000 and as high as $3500 per ungraded or NGC graded &quot;Gem BU&quot; set. While my instinct tells me this is temporary because the supply will soon dramatically increase as distributors start to sell more sets, we must go out and buy sets at far more than I would really like to pay and that will be reflected in the price we charge. Regardless of what the U.S. Mint mandates with regard to distributor pricing, the secondary market where we obtain the coins is the ultimate determinate on real world current prices.</p><p><br /></p><p>We are doing our best to obtain the product and having some limited success. I estimate that we will have NGC graded Gem BU sets (generally MS65 to MS68 quality, perhaps averaging MS67) along with NGC MS68 and MS69 sets for sale by the third or fourth week of January. We will begin taking non binding pre-order requests on January 4th, however where we normally estimate the price it will simply be labeled as &quot;unknown&quot;. By mid January, we will replace &quot;unknown&quot; with estimated prices. MS70 sets may not be offered at all, due to the average quality being estimated at MS67 to MS68. This information is ONLY our best guess.</p><p><br /></p><p>In setting our prices one factor is obviously cost, but the ability to obtain additional product and the demand for the product are even more important. Non- Distributor competitor pricing is also a big factor. I previously warned of “sticker shock” when we do offer these for sale but stated that I hope by communicating with you in advance you will understand the intention is to simply have the product for those that wish to obtain it at prices that are in line with what is actually taking place in the market.</p><p><br /></p><p>At this time, we are not planning on offering uncertified coins, but that might change. The NGC holder provides excellent storage, is attractive, and will fit nicely (of course the holder itself is oversized) in many of your certified coin collections. So for now, if you are interested in obtaining an NGC certified set, we suggest you go to our website on or after the 4th of January, and put in a pre order request. You may already be familiar with how this works but if not, it&#039;s a very simple process whereby you will be notified when the coins are in stock and can purchase them at that time but are not obligated, and no upfront money is required.</p><p><br /></p><p>Thank you for making 2010 our best year ever. On behalf of myself, my partner Jay Rudo, and our entire staff, we wish you a happy, healthy, and prosperous New Year!</p><p><br /></p><p>Sincerely,</p><p>John Maben</p><p>CEO, JMRC/ ModernCoinMart</p><p>5565 Broadcast Court</p><p>Sarasota, FL 34240[/QUOTE]</p><p><br /></p>

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