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Is Waiting List Worth it For Collectors?
August 23, 2010

Coming in on a Monday morning is always a challenge, especially after a nice summer weekend totally unplugged from the concerns of the office.

Two days can seem almost like a month as my mind tries to pick up the threads of information I was working on when I left the office on Friday.

I see the Mint is now putting people on the waiting list for the 2010 proof one-ounce American Eagle. Persons who agree to this assignment will be able to buy the coin at the $1,792 price only if problems develop with the orders of other people, such as canceled orders or expired credit cards.

Creation of a waiting list is a reasonable approach for the Mint because it wants to sell precisely 10,000 coins. It avoids the awkwardness of having to reopen sales at a later date if it did not create a waiting list.

However, would I want to be on such a list? I don’t know. I have either bought coins or missed the opportunity. I have never been in the position of being in limbo.

For those who have been in this sitution, I ask: What’s it like?

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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