Comments on: West Point Mint Strikes Reverse Proof American Buffalo Gold Coins

By: Gene Melton

Gene Melton — Mon, 16 Sep 2013 16:48:00 +0000

The price for the RP Buffalo was advertised @ $1640. before and during the first few days the mint put them on sale, then they put a price tag of $1740. due to the price of gold going up. If you put your order in after they priced it at $1740. and the price of gold drops more, does the mint lower the price in accordance with their pricing scale on the orders that have been placed, but are still on back order?

By: Backroad

Backroad — Fri, 21 Jun 2013 22:13:28 +0000

@ABC123

I got an e-mail from the mint the morning of 6/17 stating my 3 sets (that were to ship 6/17) were backordered to 7/2. (My order page on the mint site still tells me my order is in process, and will ship 6/17. Go figure.)

If you go look at the numis forums on NGC or PCGS, or the silver forum on Kitco, you’ll find the info you’re looking for. Most did get the 7/2 backorder date.

Everyone should note that very early orders *are* shipping. Someone posted a pic from Silvertowne of a at least 4000 sets. So the delays many of us are seeing may be because some of the dealers got their big orders in very early, and since the mint ships on first come, first served, the rest of us have to wait until their order is fulfilled.

Order numbers 41478xxx and 41479xxx are shipping. My order is in the low 41480xxx (My confirmation e-mail was sent 15 minutes after the sales started) and hasn’t shipped yet…

By: Backroad

Backroad — Fri, 21 Jun 2013 21:53:35 +0000

@BrianV

No, no, I need the dip when these are *released*. 🙂

TPTB will raise the price of gold a couple weeks before these are released because they don’t like me. I can prove that by Ag and Au dropping every time I buy. Didn’t matter if I bought Ag at $8 or $30, the price dropped after I bought… 🙂

By: Victor

Victor — Thu, 20 Jun 2013 21:33:13 +0000

In reply to ABC123.

@ABC123-Thank you for placing an order with ModernCoinMart. We appreciate
your business. We are contacting you today because you placed an
order for the new 2013 2 Coin West Point Silver Eagle Set. As you may
already be aware the US mint had previously scheduled shipment of the
first group of sets toward the middle of June. Based on this
information we estimated that we could begin shipping on June 28th.

Unfortunately, the US mint is not always as predictable as we might
like and they have recently pushed back their estimated ship date to
the first week of July. As a result our new estimated beginning ship
date is July 15th for NGC graded Early Releases/First Releases
designated sets and 15 to 30 days later for Non Early Releases/Non
First Releases designated sets. PCGS graded sets originally had an
estimated ship date of July 12th, however that date has been pushed
back to July 30th.

By: ABC123

ABC123 — Thu, 20 Jun 2013 21:03:19 +0000

Backroad –

Where did you hear that shipping of the ASE West Point sets would be delayed? Would you be able to provide a link? I’ve run some searches and come up empty.

I know they are delayed, as I still see the message, “…units backordered. Expected to ship on 06/17/2013.” when I track the order.

By: Brian V.

Brian V. — Thu, 20 Jun 2013 20:41:03 +0000

Hey Backroad…you got your dip in gold today…not sure where it’s going in the next few weeks. I was talking about the end of fiscal quater with a buddy last night, but we’re a little shell shocked seeing silver drop below $20/oz., didn’t expect a 10% drop when demand is at record highs!!!
When will the banks learn we can see through their manipulation of the markets?

By: RonnieBGood

RonnieBGood — Wed, 19 Jun 2013 16:33:05 +0000

Backroad – Mint changes the ship dates at will.
The point is who else operates with a item placed for sale with such a long lead time to shipment. Perhaps a custom order, but last I checked they are not engraving our names on the coins.

By: wdg5

wdg5 — Tue, 18 Jun 2013 18:25:57 +0000

Absolutely awesome news, thanks so much for posting this story. I have thoroughly enjoyed the series that contained the San Francisco Mint facility tour in the past. This is a sure fire runaway hit of a product when it hits the shelves, cant wait to get my hand on one of these.

By: Backroad

Backroad — Mon, 17 Jun 2013 23:05:36 +0000

@RonnieBGood

The first shipments of the West Point set was supposed to be today. It was delayed to July 2 early this morning. Surprised I don’t see that mentioned here.

Even the sets I ordered on the last day has a ship date of 9/30, not 10/17…

I need the price of gold to stay low (or go lower) until these rp buffalos are released… 🙂

By: RonnieBGood

RonnieBGood — Mon, 17 Jun 2013 19:24:31 +0000

Funny how early they begin striking coins and when we will finally receive them after we place our orders. My biggest pet peeve with the Mint is that the coins are placed on sale (with the knowledge of similar orders in the past) and the mint still takes up to 5 months + to ship the initial coin orders! Latest example being the Enhanced Proof ASE orders placed late in the day on the 1st day of sale on May 9th with a ship date of October 17th! This Mint has consistently done this for years. You would think the US Mint would get better at this after 25 + years of American Eagle (and other much older coin) production, sale and shipment.