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US Mint delaying launch of 2021 Morgan Dollar D & P mint marks
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<p>[QUOTE="John Burgess, post: 7611840, member: 105098"]I agree, limits should be 1 at first for a period of time, give people a shot at getting one before letting people come in and grab 5-10-20 to sell out the item, it's not rocket science, they have no limits on items they will produce and fulfill year round, just on these items of limited mintage, they set this arbitrary limit that changes nothing, but looks like they are doing something.</p><p><br /></p><p> But no they won't do a 6-12 or 24 hour 1 unit only period, they want to mint 175K of them, make a limit of 10, and that's knocking it down to 17,500 customers or so, they know darn well more than 17,500 people want those, seriously it's throwing a bone at the secondary market, and then when folks complain they missed in less than a half hour, they take the baby steps trying to placate the complainers to stick around, while still funneling most of the product to the secondary market,,,, just as intended.</p><p><br /></p><p>The mint can sell these products without the dealers and flippers in the middle, maybe that's not true for some other offerings, but the dealers and flippers aren't salivating for the loser items, they aren't buying them to let them sit on the shelves for years. NOPE</p><p><br /></p><p>And seriously at this point, it's not like they can claim "uhhh, we didn't know this would happen" nonsense deflection it's happened now two years in a row and this is the 3rd year of it in a row, they know exactly what they are doing. Heck they even did the double release again like with the V75, Knowing full well how the site would react and folks not being able to get one of each even. It's on purpose, and then placating nonsense afterwards on how they will do better next time,,,, but this exact thing is going to happen again, at least 3 more times this year alone, and it will happen next year also.</p><p><br /></p><p>We may not like it, but that's their business model, it's not incompetence, or an oversight, they do it and then they say "opps, didn't see that coming, but next time we will do better!" leading customers along by the nose, and then they do it again and again and smile all the way to the bank. the dealers and flippers will adapt to whatever they put in place to get what they need, the only way to actually give regular folks a real shot is to have the 1 household limit on day one for a period of time even just for 3 or 6 hours. I'm sure the dealers will just find 1000 people to place orders on day 1 instead of 100 to get what they want, BUT the 1 household limit might just get the dealers to wait for the time period to end and then place an order for the 1000 pieces in one shot and cut out their middlemen instead and buy from what's left, dealers and regular folks are still getting them on the same date. BUT if the collectors get them at mint price, the dealers don't have the line of customers waiting so much on the secondary market and willing to pay their markups. 175K isn't a rarity, it's only rare because most of them went to dealers and flippers and not collectors, which has to be the mints plan in the first place.</p><p><br /></p><p>if they wanted to do better they would have done better already. the way it works, works just fine for them. they still sell it out and clear the inventory, so don't fix it if it ain't broke.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7611840, member: 105098"]I agree, limits should be 1 at first for a period of time, give people a shot at getting one before letting people come in and grab 5-10-20 to sell out the item, it's not rocket science, they have no limits on items they will produce and fulfill year round, just on these items of limited mintage, they set this arbitrary limit that changes nothing, but looks like they are doing something. But no they won't do a 6-12 or 24 hour 1 unit only period, they want to mint 175K of them, make a limit of 10, and that's knocking it down to 17,500 customers or so, they know darn well more than 17,500 people want those, seriously it's throwing a bone at the secondary market, and then when folks complain they missed in less than a half hour, they take the baby steps trying to placate the complainers to stick around, while still funneling most of the product to the secondary market,,,, just as intended. The mint can sell these products without the dealers and flippers in the middle, maybe that's not true for some other offerings, but the dealers and flippers aren't salivating for the loser items, they aren't buying them to let them sit on the shelves for years. NOPE And seriously at this point, it's not like they can claim "uhhh, we didn't know this would happen" nonsense deflection it's happened now two years in a row and this is the 3rd year of it in a row, they know exactly what they are doing. Heck they even did the double release again like with the V75, Knowing full well how the site would react and folks not being able to get one of each even. It's on purpose, and then placating nonsense afterwards on how they will do better next time,,,, but this exact thing is going to happen again, at least 3 more times this year alone, and it will happen next year also. We may not like it, but that's their business model, it's not incompetence, or an oversight, they do it and then they say "opps, didn't see that coming, but next time we will do better!" leading customers along by the nose, and then they do it again and again and smile all the way to the bank. the dealers and flippers will adapt to whatever they put in place to get what they need, the only way to actually give regular folks a real shot is to have the 1 household limit on day one for a period of time even just for 3 or 6 hours. I'm sure the dealers will just find 1000 people to place orders on day 1 instead of 100 to get what they want, BUT the 1 household limit might just get the dealers to wait for the time period to end and then place an order for the 1000 pieces in one shot and cut out their middlemen instead and buy from what's left, dealers and regular folks are still getting them on the same date. BUT if the collectors get them at mint price, the dealers don't have the line of customers waiting so much on the secondary market and willing to pay their markups. 175K isn't a rarity, it's only rare because most of them went to dealers and flippers and not collectors, which has to be the mints plan in the first place. if they wanted to do better they would have done better already. the way it works, works just fine for them. they still sell it out and clear the inventory, so don't fix it if it ain't broke.[/QUOTE]
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US Mint delaying launch of 2021 Morgan Dollar D & P mint marks
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