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« Last edited by yos9694 on August 18, 2021, 01:46:13 PM »

Author Topic: New Coin Deal  (Read 581596 times)

Offline avremie

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Re: New Coin Deal
« Reply #100 on: April 21, 2016, 12:48:56 PM »
Got 4+ in Brooklyn, pm offers.

Offline googwallet

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Re: New Coin Deal
« Reply #101 on: April 21, 2016, 12:49:49 PM »
Does anyone see a pending charge on their AMEX statement?

These order are not processed right away. Once you receive an confirmation email (not acknowledgment email) that is when they process payment. 

Offline cohen220

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Re: New Coin Deal
« Reply #102 on: April 21, 2016, 12:52:29 PM »
These order are not processed right away. Once you receive an confirmation email (not acknowledgment email) that is when they process payment.

They will be processed today?
Be yourself, everyone else is taken!

Offline regular

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Re: New Coin Deal
« Reply #103 on: April 21, 2016, 12:57:14 PM »
i see pending charge on chase but not amex. i got order conf for chase order but only acknowledgment for amex order

Offline AI-TRAVEL

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Re: New Coin Deal
« Reply #104 on: April 21, 2016, 01:23:06 PM »
Buying sets at $80. Pm me.

Offline User6669

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Re: New Coin Deal
« Reply #105 on: April 21, 2016, 01:31:15 PM »
Buying sets at $80. Pm me.

You mean $180?
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Offline Dr Moose

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Re: New Coin Deal
« Reply #106 on: April 21, 2016, 01:31:52 PM »
Hey there! I am using DansDeals Forums.

Online Jeremiah

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Re: New Coin Deal
« Reply #107 on: April 21, 2016, 01:32:56 PM »
Pending charge on amex  :D

Offline Z56

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Re: New Coin Deal
« Reply #108 on: April 21, 2016, 01:34:08 PM »
Just got Another confirmation?? Did anyone else get it ?
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Offline beeweegee

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Re: New Coin Deal
« Reply #109 on: April 21, 2016, 01:36:28 PM »
Just got Another confirmation?? Did anyone else get it ?
Yup. One is acknowledging the order that it is processing, and the second is the confirmation.

Offline GTR

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Re: New Coin Deal
« Reply #110 on: April 21, 2016, 03:31:19 PM »
If these follow the trend of the Platinum Proof's from 12/15 I think wait/hold is the best strategy.  Versus unload/undercut.  Thoughts?

Offline Z56

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Offline Zalc

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Re: New Coin Deal
« Reply #112 on: April 21, 2016, 04:04:01 PM »
If these follow the trend of the Platinum Proof's from 12/15 I think wait/hold is the best strategy.  Versus unload/undercut.  Thoughts?

I don't know, these have a much higher mintage limit...

Offline Z56

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Re: New Coin Deal
« Reply #113 on: April 21, 2016, 04:11:28 PM »
Does it pay to hold on to these coins ?
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Offline mb1

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Re: New Coin Deal
« Reply #114 on: April 21, 2016, 04:22:46 PM »
What is the best current offer for these?

Offline sddd

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Re: New Coin Deal
« Reply #115 on: April 21, 2016, 04:56:00 PM »
If these follow the trend of the Platinum Proof's from 12/15 I think wait/hold is the best strategy.  Versus unload/undercut.  Thoughts?


Did you compare mintages, series collectors, the lack of detail and inaccurate size of the Mercury + other factors?

The platinum coin had only 4k minted. This one has 125k. Plus most of them are in the hands of flippers due to the 10 set limit.

There have been many series that have returned to issue cost after the initial flipper frenzy (see gold baseball coins with a mintage of 50k - and arguably more interesting - the enhanced uncirculated silver eagle a couple of years ago - and many others)

Perhaps spend a bit more than 60 seconds analyzing the merits of this issue before advising others.
« Last Edit: April 21, 2016, 05:26:04 PM by sddd »

Offline GTR

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Re: New Coin Deal
« Reply #116 on: April 21, 2016, 04:59:33 PM »
Asking for thoughts is advising others? 

Thanks for your input.

Perhaps read a bit more than the first sentence of another's post before responding.

Offline sddd

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Re: New Coin Deal
« Reply #117 on: April 21, 2016, 05:24:50 PM »
People read what you write and can form an opinion on what to do based on your comparison.
So some caution is appropriate before throwing out your thoughts.
Nothing personal was meant.
And you may be correct that it is wise to hold on to them.
But the comparison to last years platinum eagle wasn't based on anything.
« Last Edit: April 21, 2016, 05:28:00 PM by sddd »

Offline sddd

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Re: New Coin Deal
« Reply #118 on: April 21, 2016, 05:38:47 PM »
Pros:
    1) Popular subject for a commemorative - the mercury design is widely collected and popular
    2) 1/10 gold oz. size is relatively affordable to the average collector.
    3) Quick sell out (~35 minutes) lends a rarity factor to these coins (short term only)

 Cons:
    1) 125K is a LOT for a gold commemorative
    2) People that collect the series are upset at the lack of detail (no full bands on reverse) and wrong size.
    3) It's a business strike, not a proof
    4) Premium over spot was stratospheric - @ 205 it's 80$ over melt. Most expected this to be priced @ 175
    5) Relative lack of interest as gauged by anticipatory posts on coin forums. The Platinum had 50 pages worth before it was sold;    this had about 10. Obviously not scientific, but it is anectodatal.
     6) 10 limit per household means much of the mintage is in the hands of flippers.
« Last Edit: April 21, 2016, 05:46:06 PM by sddd »

Offline deltastubs

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Re: New Coin Deal
« Reply #119 on: April 21, 2016, 05:42:45 PM »

    4) Premium over spot was stratospheric - @ 205 it's nearly double melt.
   
?? Gold is 1250 today, thats 125?