2019 S Reverse Enhanced Silver Eagle

[avtaxman08]

This morning, November 14 at 9 AM EST, the 2019 S Reverse Enhanced Silver Eagle went on sale from the US Mint. The response was overwhelming and the website & phone system crashed thereby keeping many actual coin collectors from purchasing this rare coin. In the process and minutes after the coin was sold out, quite a few sellers on Ebay immediately listed more than 1 of these coins for sale. Considering ONLY 1 per household could be purchased, it appears these dealers or sellers had others buy then or, they purchased from more than 1 account which is also, FRAUD. Notwithstanding this, these liars have also stated in many messages that they love this chaos created from the mint in the coin collecting process. Again, how are you collecting coins if you are buying and selling them immediately? Please look up these sellers and let them know you are aware of their dishonesty as they have been report to the US Mint and will hopefully be banned from purchasing in the future. I sincerely hope this is read and understood by many and taken as a lesson to other sellers this practice is not tolerated.

[dhbookds]

So sellers who buy from those who bought one at a time are committing fraud?

[papermoneyforme]

If these can be sold by subscription, they will all be sold before the public can buy.

If they can't be sold by subscription, many will have many friends to buy as they generally sell very well on the 2nd hand market for far more than they paid.

[avtaxman08]

The sellers that are selling multiple of these coins did not buy 1 from the US Mint so, they committed FRAUD as the rule is: "1 per household". Yes, some had friends and family buy for them and dealers paid people to buy them for them too so, this is still FRAUD. The worst lie is they state they are collectors yet, they bought the coin and are selling it (immediately in some cases) for profit. This is NOT a collector, this is a liar, a cheat and a dealer or marketer.

[bonjourami]

So only collectors should be allowed to buy these coins? Welcome to the world of free enterprise.

[earlyant-77]

---

@avtaxman08 wrote:

The sellers that are selling multiple of these coins did not buy 1 from the US Mint so, they committed FRAUD as the rule is: "1 per household". Yes, some had friends and family buy for them and dealers paid people to buy them for them too so, this is still FRAUD. The worst lie is they state they are collectors yet, they bought the coin and are selling it (immediately in some cases) for profit. This is NOT a collector, this is a liar, a cheat and a dealer or marketer.

---

I'm an antique toy collector. If I can buy 2 or 3 of something, I will. I will keep the best one and sell the other(s) off so mine is basically free.

Does that mean I'm not a collector?

[avtaxman08]

Considering the US Mint stated there was a 1 per household limit, any intention to purchase more than one with expectation to sell the other is deceitful, dishonest and a deliberate disregard for rules. If this describes you or those who did the same with this coin, you know what you are, where you belong and I sincerely hope karma finds you fully and quickly. Real sad.

[wesk_36]

---

@avtaxman08 wrote:
Considering the US Mint stated there was a 1 per household limit, any intention to purchase more than one with expectation to sell the other is deceitful, dishonest and a deliberate disregard for rules. If this describes you or those who did the same with this coin, you know what you are, where you belong and I sincerely hope karma finds you fully and quickly. Real sad.

---

It's a good deterrent to limit sales to one per household because one person could buy 100, 500, 1000, 10000 or more coins in one phone call.

One definition of a household is "A social unit living together under one roof."

It doesn't say one per person. Any relatives or friends in separate households can buy 1 coin and not violate any mint rules by giving or selling their 1 coin to any other person. It may be manipulative but certainly not illegal.

I believe the intent of one per household is simply to hinder one person from hoarding all the coins, as not many would go to the trouble of soliciting 1000 friends or relatives from separate households to get more coins, and even if they did, they are not violating any rules or legal precedents.

I have no doubt that some people went to the trouble to get more coins in this manner.

Sorry that you are so upset. 

[avtaxman08]

Well, everyone that thought my comments regarding the fraud or stealing of the 2019 S Reverse Enhanced Silver Eagle due to lies or Free Enterprise as some call it, I have a new enlightenment for you and those who bought them and are buying them now on the precept they are rare. Yes, there are ONLY 30,000 minted so, this is a rare mintage count, however, when you start to evaluate the population of 70 Grades, these people are severely mistaken. According to present count, 8,278 2019 S Reverse Enhanced Silver Eagle have been Graded 70 meaning, the percentage of this is 27.5933%. I have other coins Graded 70 with a 70 population of under 500 from a mintage of 2.5 to 3.5 million making them 10 times rarer than this 2019 S will ever be. So, for all those who bought a 2019 S Reverse Enhanced Silver Eagle, your coin is rare to mintage but, not so much in the PERFECT Grade arena. You were duped and I now refer to you as dingoes. WTG. Real sad.

[kh-leslie]

Hello everyone,

This thread is getting a bit heated.  Please remember that it’s fine to disagree with others, but discussion should always remain courteous and respectful.

Thank you for your cooperation.

[luckythewinner]

 Considering ONLY 1 per household could be purchased, it appears these dealers or sellers had others buy then or, they purchased from more than 1 account which is also, FRAUD.

If the limit is one per household, is there a law that says a household cannot use its one-coin allotment to supply a dealer?

Notwithstanding this, these liars have also stated in many messages that they love this chaos created from the mint in the coin collecting process. Again, how are you collecting coins if you are buying and selling them immediately?

That statement doesn't say they are collectors. It says they love making money off collectors 🙂 

Please look up these sellers and let them know you are aware of their dishonesty as they have been report to the US Mint and will hopefully be banned from purchasing in the future. 

Does the mint really take reports from any old person claiming someone else is a fraud? If so, wouldn't that system be open to abuse when unscrupulous dealers report the honest dealers to prevent them from getting coins in the future? 

I sincerely hope this is read and understood by many and taken as a lesson to other sellers this practice is not tolerated.

I assume by "is not tolerated" you really mean "some people don't like it".