New Coin Deal

[qwerty123]

BGs are saying that there's a big chance the demand will be low and the coin won't be sold out...

u mean pointmaker?  Of course cuz they want you to commit to them

[Euclid]

u mean pointmaker?  Of course cuz they want you to commit to them

Ya, but they already closed their sign up form so that wouldn't really make sense.

[Pad18]

Ya, but they already closed their sign up form so that wouldn't really make sense.

Make totally sense, they want to assure that they guy that signed with them will actually be able to place an order ..

[Agoldsc1]

What's to lose at this point? If there is no demand, the coin can be returned.

[Agoldsc1]

Make totally sense, they want to assure that they guy that signed with them will actually be able to place an order ..

Not sure that makes sense. I would think that the more buyers they have subscribed, the more likely they are to have some buyers get the coin. 

[davidd75]

What's to lose at this point? If there is no demand, the coin can be returned.

return shipping and hassle?

[davidd75]

where can you sell this coin in lakewood for profit if there is interest?

[Kobe Bryant]

you think it will sell out within the first couple minutes?

I highly doubt it. The price point is too high.

[Kobe Bryant]

where can you sell this coin in lakewood for profit if there is interest?

Wouldn't bank on there being interest, unless a BG needs to fulfill a PO.

[Agoldsc1]

I highly doubt it. The price point is too high.

But many buying clubs have expressed interest which means that there are a lot of existing order. And you can double that number because you can be sure that whoever is placing an order through the buying clubs are also ordering one themselves.

[Kobe Bryant]

Not sure that makes sense. I would think that the more buyers they have subscribed, the more likely they are to have some buyers get the coin.

They are committed to buying from anyone who subscribed.

[Agoldsc1]

They are committed to buying from anyone who subscribed.

Correct, so that means that they truly don't expect the demand to be high. Meaning, they are not playing games by closing their subscription.

[Kobe Bryant]

But many buying clubs have expressed interest which means that there are a lot of existing order. And you can double that number because you can be sure that whoever is placing an order through the buying clubs are also ordering one themselves.

Are you buying a $3k coin to add to your personal collection?
You would be surprised at how few coins, some of these BG committed to.

[sddd]

15 minutes left.
My speculative guess is a slow sell out (>15 Minutes) if at all on the first day. Huge premium over spot makes it unattractive to bullion investors. And high price point puts the series out of the reach of most collectors.

[Kobe Bryant]

Correct, so that means that they truly don't expect the demand to be high. Meaning, they are not playing games by closing their subscription.

15 minutes left.
My speculative guess is a slow sell out (>15 Minutes) if at all on the first day. Huge premium over spot makes it unattractive to bullion investors. And high price point puts the series out of the reach of most collectors.

Kind of summed it up.
IMO the EK is not a hot coin for collectors.
So if they have a small order to fulfill and they have 10 extra buyers, that's $30k.

[Agoldsc1]

Is it possible to cancel an order with the Mint before it ships? Do they ship same day?

[avromie7]

And you can double that number because you can be sure that whoever is placing an order through the buying clubs are also ordering one themselves.

  Why would you think so?

[Agoldsc1]

  Why would you think so?

Because they are paying the BG a premium, so if they want just one, they will order it themselves.

[avromie7]

Because they are paying the BG a premium, so if they want just one, they will order it themselves.

Most of the buyers are going to have them graded and sell them. They're banking on there being demand, but it doesn't mean the demand is there.

[israshot]

I see at least 2 BG with open forms.