After the US Mint cancelled a lot of orders earlier this week, they restocked it on 7/3. Out of the 100K coins, about 37K went back into inventory. If you deduct the 10K that goes to dealers, that means 37K out of 90K orders (over 40%) were from resellers trying to circumvent the household limits. For the initial drop, the coin lasted about 3-4 hours before it went out of stock. For the restock, as I’m typing this, there’s still 1K left and it’s been 14 hours. And I have a feeling that of the 37K today, the resellers probably bought 50% to 75% of that inventory too. Haha this just begs the question – if you’re a true coin collector, you would have had ample opportunity to buy the coin for retail by now. Who is going to buy this coin after the dust settles in 3-6 months for $200+?
The resell market also went from like $275 now down to $220 or so. It should drop even further once the MINT cancels today’s reseller orders and when the coin actually lands in people’s hands. Crazy times folks.
Just for fun, I tried 20 orders or so. All unique info and heavy j1gs. I think they’re manually reviewing. Woke up to almost all cancellations this morning.