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When is the best time to buy from the Mint?
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<p>[QUOTE="Conder101, post: 1915857, member: 66"]It is a commonly believed myth.</p><p><br /></p><p>As Chris said the dealers are in the same boat as we are, but they have a lot more money so they do the place multiple orders for the maximum number game. This pretty well guarantees that they will have a large number of items before the average collector does. Think of it this way,</p><p><br /></p><p>Take 100 lincoln cents, 90 memorial and 10 wheat cents. These are going to represent the first 100 orders coming into the mint. The memorials represent the average collector ordering say 2 sets per order. The wheat cents are a dealer ordering at 50 sets per order. Put all 100 cents into a bag and start pulling them out one at a time (because the mint fills orders first in first out) Keep track and see how fast the number of sets the dealer gets out paces the number the collector gets. </p><p><br /></p><p>If you are say order #80 you are going to see that the dealer has a whole lot of sets before you get yours.</p><p><br /></p><p>Also the big dealers tend to have standing orders with smaller dealer to buy new items when they come out. So those collectors who are lucky enough to get theirs early do some flipping and the dealers they sell to then ship to the big dealers. Is it any wonder the new item tend to accumulate in the big dealers hands?[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1915857, member: 66"]It is a commonly believed myth. As Chris said the dealers are in the same boat as we are, but they have a lot more money so they do the place multiple orders for the maximum number game. This pretty well guarantees that they will have a large number of items before the average collector does. Think of it this way, Take 100 lincoln cents, 90 memorial and 10 wheat cents. These are going to represent the first 100 orders coming into the mint. The memorials represent the average collector ordering say 2 sets per order. The wheat cents are a dealer ordering at 50 sets per order. Put all 100 cents into a bag and start pulling them out one at a time (because the mint fills orders first in first out) Keep track and see how fast the number of sets the dealer gets out paces the number the collector gets. If you are say order #80 you are going to see that the dealer has a whole lot of sets before you get yours. Also the big dealers tend to have standing orders with smaller dealer to buy new items when they come out. So those collectors who are lucky enough to get theirs early do some flipping and the dealers they sell to then ship to the big dealers. Is it any wonder the new item tend to accumulate in the big dealers hands?[/QUOTE]
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