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Gold Mercury Dime 2016, Disappointment Courtesy of US Mint?
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<p>[QUOTE="Conder101, post: 2407275, member: 66"]Even that can have problems for popular items. Back in 2007 when they started the first spouse series you could subscribe to the series. They had to cancel that before the coins even went on sale because they already had subscriptions for over 60,000 coins of the 40,000 maximum coin mintage.</p><p><br /></p><p>How would you like that, show up for opening day and find out that all the coins had already been purchased before they even went on sale?</p><p><br /></p><p><br /></p><p>And the collectors weren't that happy either when the aftermarket immediately crashes below issue price because everyone that wanted one already has it and there are a lot more available than there is demand for them.</p><p><br /></p><p>The mint can't win. Have low limited mintages and the dealers and their proxies buy up a large percentage of them and a lot of collectors get shut out and have to pay higher prices in the aftermarket, they aren't happy. Have high or unlimited mintages and the dealers lay off, the collectors buy them up and then find that they are now worth less than they paid for them, they aren't happy. Either way the mint gets blamed.</p><p><br /></p><p><br /></p><p>They have, the site is a LOT better than it used to be. A couple years ago for this level of demand it would have crashed immediately and been down for hours. It used to be it couldn't handle 50K orders over a 8 hour period. This time it handled 122K+ orders in 30 minutes.</p><p><br /></p><p><br /></p><p>And destroy the aftermarket for everyone.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2407275, member: 66"]Even that can have problems for popular items. Back in 2007 when they started the first spouse series you could subscribe to the series. They had to cancel that before the coins even went on sale because they already had subscriptions for over 60,000 coins of the 40,000 maximum coin mintage. How would you like that, show up for opening day and find out that all the coins had already been purchased before they even went on sale? And the collectors weren't that happy either when the aftermarket immediately crashes below issue price because everyone that wanted one already has it and there are a lot more available than there is demand for them. The mint can't win. Have low limited mintages and the dealers and their proxies buy up a large percentage of them and a lot of collectors get shut out and have to pay higher prices in the aftermarket, they aren't happy. Have high or unlimited mintages and the dealers lay off, the collectors buy them up and then find that they are now worth less than they paid for them, they aren't happy. Either way the mint gets blamed. They have, the site is a LOT better than it used to be. A couple years ago for this level of demand it would have crashed immediately and been down for hours. It used to be it couldn't handle 50K orders over a 8 hour period. This time it handled 122K+ orders in 30 minutes. And destroy the aftermarket for everyone.[/QUOTE]
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Gold Mercury Dime 2016, Disappointment Courtesy of US Mint?
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