So who's buying the new Enhanced Reverse Proof ASE?

Discussion in 'US Coins Forum' started by UncleScroge, Nov 6, 2019.

  1. Sixfootfour

    Sixfootfour Coins are cool !

    Way to go green 18, it was worth the trouble. Collectable from day one.
     
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  3. Sixfootfour

    Sixfootfour Coins are cool !

  4. Sixfootfour

    Sixfootfour Coins are cool !

    They sold out in 75 seconds.
    Amazing
     
  5. Speedbump

    Speedbump Not a New Member

    I think so... It’s not very clear, but in the past, reaching this step means you’re in. I guess there is still the possibility they have to refund some people because they some how over-sold, but I haven’t seen that happen yet.
     
  6. sergeant

    sergeant Not a Member

    Ok thanks guys!
     
  7. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    From what I hear it crashed at 12:01. Is that true? How can they take 30,000 orders in less than 1 minute?
     
  8. Sixfootfour

    Sixfootfour Coins are cool !

    It's all the EDIT, No Political comments/discussions Allowed. Read the rules.
    Thanks, Jim
     
    Last edited by a moderator: Nov 14, 2019
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  9. JCKTJK

    JCKTJK Well-Known Member

    The flippers were out in force! maybe they will raise the mintage and screw them all lol
     
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  10. sergeant

    sergeant Not a Member

    Tons of bots probably.
     
  11. Inspector43

    Inspector43 Celebrating 75 Years Active Collecting Supporter

    Well, I had no intentions of buying one. But, I do like to view the process. This has happened to me in the past and I see the mint is still governed by big business.
     
  12. Santinidollar

    Santinidollar Supporter! Supporter

    It crashed in less than 30 seconds for me.
     
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  13. -jeffB

    -jeffB Greshams LEO Supporter

    It seems inevitable that it cleared up as soon as they were sold out.

    The problem wasn't loading the product page, it was loading and processing the payment pages. If the item is sold out, nobody's hitting the payment pages with it, and the payment-page traffic drops back to normal.

    Payment processing is a lot harder to scale than "show me the product" pages, because payment processing has to line up for access to the inventory system and the payment processors. With a household limit of 1, that's 30,000+ separate threads lining up to get at the same resources. Even if you can get through the required transaction set in a fraction of a second, 30,000 fractions of a second can add up.
     
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  14. AFW

    AFW New Member

    I'm sure the big dealers had everyone and anyone that works for them trying to get one to include employee's aunts, uncles, dogwalkers etc.

    I got one, but it locked up around 3 times on the submit.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    If they'd said "mint to demand", hardly anyone would care about the issue. It's possible (though unlikely) that the final mintage would have been less than 30,000 for yet another novelty ASE.

    If they wanted to be fair and still have a limited mintage, they could set up a lottery system. If they instead wanted to generate a lot of excitement and discussion, and maybe remind everybody that ASEs are still a thing -- well, here we are.
     
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  16. Johndoe2000$

    Johndoe2000$ Well-Known Member

    There were offers to buy (pre sale) on CU. They were from $350-$575 if you locked it in with them. I'm sure there were plenty of other offers elsewhere also.
    "Flippers."
    Collectors once again will have to pay up if they missed out on the initial release.
     
  17. USS656

    USS656 Here to Learn Supporter

    they have sold over 319,000 W proofs so far this year, 100,000 of these would have had the same result.
     
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So why didn't they increase the number?

    It's a relatively "cheap" product, unlike the 2009 UHR. You can't have a limit of 30K for something under $100.

    They LOST most coin collectors and future Mint buyers than they gained with this Limted Edition crap.
     
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  19. USS656

    USS656 Here to Learn Supporter

    Leave it to the government to leave that much money on the table!
     
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  20. Santinidollar

    Santinidollar Supporter! Supporter

    As usual, the Mint makes a mess with its computer system.

    As usual, the flippers have them in multiples and many collectors have none.

    As usual, we complain and say changes are needed.

    And, as usual, the same process will be followed the next time the Mint offers a limited edition of some sort.

    In short, they don’t care what we think.

    As usual.
     
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  21. LakeEffect

    LakeEffect Average Circulated Supporter

    But it's the low number that created the demand. If the limit was 300,000 there wouldn't have been a buying frenzy.
     
    Heater, masterswimmer, JCKTJK and 2 others like this.
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