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Breaking News: Bank of Korea 2020 Proof Sets
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<p>[QUOTE="mlov43, post: 4551268, member: 16729"]I don't know why this was chosen to be a featured article... but, okay. That's good!</p><p><br /></p><p>Anyway, the lottery was triggered (more than 70,000 orders were placed) and on May 27th people found out how many they were allowed to purchase.</p><p><br /></p><p>Remember, people had to pay, up front, for their orders of between 1 to a maximum of 5 sets. Sets were 30,000 KRW. People needed to have a Korean "I-pin" (a sort of security number that identifies you as you), which would allow people to set up a membership with the Korean Mint (KOMSCO)'s sales site in order to buy sets there. To pay in advance, buyers needed to provide a special number for an automatic withdrawal from a Korean checking account, and this is ALSO how the refunds are executed for those bids that did not win. I'm not sure, but refunds will be returned sometime before distribution of the coins sets. That's supposed to be later this summer, I guess.</p><p><br /></p><p>Well, most of the people in Korea who I know went after these sets have won at least one set. Some have won two, and some have won three. At least, that's what I heard on FB. All of these people put in FIVE bids (for five sets). This is how the "random lottery" works. I wish the U.S. Mint would have maximum sales-triggered random lotteries (and then NOT mint more coins later!). A much more fair distribution is achieved with this system, it seems.</p><p><br /></p><p>Now, how much will resellers demand?</p><p>Only time will tell...[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 4551268, member: 16729"]I don't know why this was chosen to be a featured article... but, okay. That's good! Anyway, the lottery was triggered (more than 70,000 orders were placed) and on May 27th people found out how many they were allowed to purchase. Remember, people had to pay, up front, for their orders of between 1 to a maximum of 5 sets. Sets were 30,000 KRW. People needed to have a Korean "I-pin" (a sort of security number that identifies you as you), which would allow people to set up a membership with the Korean Mint (KOMSCO)'s sales site in order to buy sets there. To pay in advance, buyers needed to provide a special number for an automatic withdrawal from a Korean checking account, and this is ALSO how the refunds are executed for those bids that did not win. I'm not sure, but refunds will be returned sometime before distribution of the coins sets. That's supposed to be later this summer, I guess. Well, most of the people in Korea who I know went after these sets have won at least one set. Some have won two, and some have won three. At least, that's what I heard on FB. All of these people put in FIVE bids (for five sets). This is how the "random lottery" works. I wish the U.S. Mint would have maximum sales-triggered random lotteries (and then NOT mint more coins later!). A much more fair distribution is achieved with this system, it seems. Now, how much will resellers demand? Only time will tell...[/QUOTE]
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