I wouldn't say they produced. They reproduced a previous design I think most collectors want the Mint to produce modern designs!! Sent from my iPhone using Tapatalk
I should have said collectors want the Mint to produce good/great modern designs lol Sent from my iPad using Tapatalk
If the Mint lift the limit yeah I would say it will sell out, but it might take a few weeks if not. Yes it is a lot of money, but I did get mine (3) in. You can get it for MS 70 on ebay around $1100. for it.
Sells out was probably the wrong term for me to use with sold out being more correct. I would call anything sold out when it is no longer available since you cannot buy it anymore even though that is clearly different from something selling out by reaching it's limit.
The question then becomes what the SECOND days sales were. Probably MUCH lower because most everyone that wanted one bought it the first day. Look at the SLQ, sold just a little more on the first day and over two months later still hasn't sold out. Has it exceed the 70,000 maximum mintage of the WLH yet? I don't know I don't follow these things. Just checked it is at 80,633. So over two months to reach the lower mintage of a much more expensive coin. (and that is AFTER the household limits were removed) Something tells me the WLH will not sell out.
Not to mention the big boys more then likely bought the SLQs in greater numbers too. I don't recall seeing any presale buy offers from the big boys for the WLH like the other two had.
I'll admit, I looked. For the SLQ, Penn Metals were offering $50 over mint price plus shipping -- one-day shipping back to them, gotta get out in front of the market! -- so they were into each coin for probably $560 before grading fees. A week or two later, they were offering slabbed 70s for something like $575. I can't blame them for being gunshy this time around.
I think it was Messy who had mentioned that the removal of the household limit caused a lot of them to take a bit of a beating on that one. I can't blame them either for being gunshy after that and even the dime was probably fairly lackluster considering how many still seem to be in stock everywhere.
The fact is that people don't like this series of gold coins. The original idea was that the Mint would make versions of these 3 designs in gold (in the original coins' size). Once this idea went by the wayside, interest went with it. The Mint tried to hide the coins' size at first, and it became apparent after the dime that there was no way to accomplish the task, and interest has plummeted.
I'm sure that the issue will eventually sell out. I don't think the Mint melts unsold coins anymore but keeps them until the pieces eventually sell unless I am mistaken.
They claim to have 178, graded SP70 by ANACS. Just $1,799 -- but don't worry. It comes in the red oak presentation box!