1ST COIN OF NEW SERIES ( "Lunar Skulls" )

Proof coins reduced to $200.00 at fcc,

http://firstcoincompany.com/S/repub...-relief-1-oz-signed-by-artist-kiana-roo-proof

 

geez, talk about volatility....

 

Technically, it's below $200 with the coupon code - http://firstcoincompany.com/S/recen...-relief-1-oz-signed-by-artist-kiana-roo-proof




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Somebody picked up a couple?

Or did they just hold back some stock?


Speaking of available stock, do you think the same % of BU's are being allocated for eBay sales?

50 proofs of 250 = 20%

Which means out of son-montuno's 1,000 BU's, 200 would be sold via eBay.

If so, closing in on the halfway mark there.

 

Funny, for once, I'm not even tempted to buy that Proof to make it an even 5. If I saw a video like the PENA showing the exquisite detail, it may be a different matter...but not seeing it and going for 200.00. no way

 

it is a risk play... if the final product is close to the concept, then it wont be $200....

 

Definitely a risk play at 200.00, not at 89.00. Or the risk is diminished greatly on the 4 I bought.

 

Just noticed that on Monday afternoon US time, about 24 hours after the initial proof hoopla, SM changed the quantity at eBay.

The question is: up or down?

And will it get changed again?


Wish I would have checked #'s before that happened.


Still contemplating 2 more BU's or not.

Would first need to do some comparisons of prior sketches of existing coins..

 

If it is, I could see it at $300+ USD

What it does after that, and at what point, who knows.


And if the final product is *not* even close to concept?

You're looking at $60 for the proof -- if you're lucky. :lol:

 

I'm not so sure about that low of a price. I'd have to imagine the low mintage and a govt issued coin has a bit more value than a generic round...heck, even that silver plated year of the snake earlier mentioned was getting sold for like 50.00. So, I think we're okay at 69.00 on the BU, and 89.00 on the proof...but anything more than that, without seeing the finished product...NUTS. That is pure and utter speculation.

 

Google's IPO price was $85, im sure there were a lot of doubters too .

 

I'm just envisioning worst-case scenario, like if they turn out *really* bad.

I don't think they will, that they'll be at least halfway-decent. But still can't totally rule anything out, either.


Showing 2 proofs available at FCC, and 1 proof auction on eBay that's over in 5 days.

When & how many turn up after that, who knows. I suspect SM will at least trickle one out every now & then, auction-style.


BTW, if anybody isn't aware, there's a really easy way to figure out how many are available at the eBay BIN listing.

Like I said, though, who knows if he'll revise the quantity again at some point. And for what price.

 

He'd have the motivation now to ensure they turn out decent give the pre-release popularity and the profit potential of future coins in the series. Make these first ones exceptional and it will cement his reputation, ensuring future coins can be sold for a high premium.

 

All the while spot price on silver is inching it's way toward $17 USD...an unfamiliar number in recent weeks.



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funny, but true, it 'inches' it's way to 17, but takes the elevator down. LOL.

 

New article with data: http://newcoinreleases.com/update-n...ana-year-of-the-goat-coins-make-strong-debut/


Incidentally, no one has mentioned the design on the reverse so I will....I like it....it's very simple yet not typical.



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Will have to see it in person, but the sketch looks fine.

With one side like that, you'd pretty much expect them to skimp on the other (unless they jacked up the original price). I've seen that enough times, and stuff like that doesn't bother me, as long as the weaker side doesn't detract from the other.


Anyway, SM increased available BU quantity again. Now standing at 175 total (77 + 98).

FCC did the same for proofs. 14 now available.

 

But I thought FCC only had 10 proofs total... :lol:

I'll say it again... This was clearly a joint venture between SM and FCC. Not that there's anything wrong with it, just pointing out what has become obvious.

What has become even more obvious is SM's source for Libertads, seeing that he's not an official distributor for Mexico but FCC is. hmmm

 

The only problem I have with these guys is they are selling a product without showing the real thing. I don't think I've ever bought a coin (thousands of various coins in stack) without first seeing the real thing. I do NOT like that business practice, and let them know as much. I know, it's new, and exploratory, etc...but there is no reason they couldn't have produced a prototype to give us an idea, unless of course they are still figuring it out. Or they should have held out until they had one to show the world, because we know, if they produced one like the picture, sales would have went thru the roof out of the gate, and continued onward and upward...but I think folks are leery. I know I would have purchased a minimum of 10 proofs if I saw the real thing, and it was 'exactly' like the sketch.

As I said, I'm comfortable with 4, but no more. :/

 

This is a very common practice with commissioned coins. This pre-sale is likely generating the funds necessary to mint the coins.

I don't see a problem with this when done by reputable companies, I believe both SM and FCC and proven reputations of delivery what they sell.