America the Beautiful Quarters Launch Ceremony Dates
The United States Mint has set the launch ceremony dates for this year's remaining America the Beautiful Quarters. Each of the ceremonies will take place one or more days following the circulation release date for the coins.
Launch ceremonies can be popular destinations for collectors since they are typically followed by a coin exchange where attendees can exchange currency for rolls of the newly issued coins at face value.
Collector attendance at launch ceremonies seemed to peak with the 2009 "Formative Years" Lincoln Cent ceremony, which was attended by about 3,000 people. The most recent ceremony for the Yellowstone National Park Quarter attracted about 1,500 attendees, although much of the crowd seemed to be made up of local residents or those already vacationing in the park who happened to hear about the event.
The Yosemite National Park Quarter will be released into circulation on July 26, 2010. The official launch ceremony will be held on Thursday, July 29, 2010 at 11:00 AM PT at the Valley Visitor's Center, Yosemite Valley Loop, Yosemite, California.
The Grand Canyon National Park Quarter has a circulation release date of September 20, 2010. The launch ceremony will take place the following day on Tuesday, September 21, 2010 at 1:00 PM PT on the grounds adjacent to El Tovar Hotel, Grand Canyon, Arizona.
The Mount Hood National Forest Quarter will be the final release of the year on November 15, 2010. The launch ceremony will be held on Wednesday, November 17, 2010 at 10:00 AM PT at the World Forest Center, 4033 SW Canyon Road, Portland, Oregon.
America the Beautiful 5 oz Silver Bullion Coins
Many readers have been asking for updates on the status of the America the Beautiful 5 oz Silver Bullion Coins. I responded in the comments to a prior post, but will include the latest information here as well.
According to this Numismatic News article, the coins are scheduled for striking in July, August, and September. Currently the Mint is awaiting their supply of silver blanks, expected to be delivered in July.
The over-sized bullion coins will be distributed through the US Mint's authorized purchaser (AP) network. The authorized purchasers buy the coins in bulk quantities directly from the United States Mint and then resell them to other bullion dealers, coin dealers, and the public. This is the same distribution system used for the bullion versions of Silver Eagles, Gold Eagles, and Gold Buffalo coins.
The the new 5 ounce silver coins are classified as bullion, so they should sell for a fixed mark up to the spot price of silver. However, since this will represent the start of a brand new series and mark the first offering of 5 ounce coins from the US Mint, demand will likely be elevated, possibly driving market premiums higher. Premiums may also increase if the US Mint cannot produce the coins in sufficient numbers to meet demand or rations the available quantities, which is a distinct possibility.
The US Mint has mentioned the potential for a proof or collectible version of the America the Beautiful 5 oz silver coins, although such an offering definitely will not happen in 2010.
Labels: America the Beautiful Quarters
posted by Mint News Blog @ 7:13 AM
25 Comments:
Hard to believe there would be any demand for such repugnant coinage. However, the only contributing factor is the uniqueness of a 5 oz coin from the mint. So of course, we're gonna see the initial hype, people boxing these disgraceful 5 oz tokens to PCGS and NGC and then mark prices up even more. While people waste their money on these things, I'll gladly spend my funds on early American coinage, when designers for the mint actually had talent.
What good would it be to incompletely offer proof versions of the 5 oz coins? Who wants 5 oz ugly jumbo silver tokens anyhow? There's a lot better looking private bullion coinage out there. I would believe most people would rather see proof silver eagles than these disgraceful looking quarters. This series is a joke. The mint seems to do everything to anger their customers.
That's certainly one way to look at it. Another way may be to consider that these coins (tokens, hubcaps, or whatever you want to call them) require new equipment and present new challenges given the coins' Congressionally mandated specifications.
These coins can only be minted in the same year as the release of the corresponding quarter coin. It's July already and the Mint doesn't even have any blanks, yet. If the Mint runs into other production problems or delays, the 2010 releases could become quite rare. There may be some interesting error coins in the first few batches, as well.
I prefer early American coinage also, but there are many collectors that can't afford those coins; their best chance at obtaining a great rarity is to get lucky with new Mint issues. I plan to collect these coins initially and see where it takes me. Worst case scenario, I buy some bullion...which I do, anyway.
I only wish we could get these coins directly from the Mint...before they're cherrypicked by the Dealers.
Apparently, the 5 oz. silver coins are going to come in tubes of 10, based on what I saw on the APMEX website. It sure would be nice if there was a way to tell if the tubes you buy have been opened before or not! That would eliminate the cherry-picking scenario, provided you have the funds to buy these coins in tubes. Unfortunately, a tube of these coins is bound to cost over $1,000.
I might cough up the dough for a tube of each of the 2010 designs anyway, and see what happens. I'm not averse to owning 250 more ounces of silver bullion, and maybe I'll get lucky with the rarity factor.
On the subject of America the Beautiful coins. Is there any word when they will be shipping the circulating, uncirculated and three coin subscription sets? Will they be starting with the Hot Springs quarter or with the current coin?
It seems strange that they would announce subscription sets but have nothing in place to sell.
The Top hats and dealers will all get fat bellies over any coinage that shows promise.The fact is that if the coin has a promising value.The Mint will make sure they only go to the dealers.That way the dealers get fat off of the average collector with high profit margins.By the time the average collector get the coins.The only way they will see anything from their investments will be if metal prices soar.
The problem with collecting older coinage is the fact that China and other countries are mass producing counterfeits so good that it has driven the actual values down from what they once were.
The TPGs claim to have a way to catch these counterfeits with new technology that has yet to be 100% proven to work.Mean while the Chinese get better and better at producing them to full the TPGs and have always been and will remain one step ahead.
Coin collecting is no longer coin collecting.It is either a business full of greedy people or a business full of dishonest counterfeiters.The TPGs are no better as they only help the greedy dealers promote lies through the gimmick labels.
It is sad to say that coin collecting has become marred with such disgrace to what it once was.Coin collecting to me is and always will be a hobby of interest for beauty,history and investment.All of that is fast being thrown out the window just so others can make a fast buck and laugh all the way to the bank.
I remember going to coin shows with my grandfather as a kid and having one of his friends flip a penny in my hand and say keep collecting young man and never charge a dime.It's a shame to see that we see a day now where people that give for the hobby to exist just don't exist.
Guts, guys, keep in mind that these are not coins. They are not for coin collectors. They are bullion for silver investors. So if you are a coin collector and don't like them, don't worry, it's not your business.
For bullion investors they are pretty neat, though. Usually for 5 and 10 ounce bullion there is less markup than 1 ounce bullion but too much demand for these and not enough supply might make them less desirable as bullion and more desirable as a collectible.
Is there any where I can pre-order them to guarantee getting some?
The "good old days" when we the collectors could buy the beautifyed proof silver eagles every year with confidence directly from the USMint. No more. Am happy I have some from each year that I may enjoy now, give to my grandchildren and tell them the tales of how it use to be as a collector of beautiful silver proof coins. Regards, Dad
If I here another person say that the 5 oz parks quarter is bullion only which yes it is.I will puke.The facts are that many collectors are pissed because of the lack of products this year.So all they really have to look forward to is a big 5 oz cookie.And the usual high mintage bull crap.For the US Mint to take away the proofs has proven to be a huge mistake which will cost them dearly in profits from the collectors.What they think mainly in is how much they can make off the dealers in lump sums.That way the dealers get to do their dirty work and continue to up the prices even more.If I won the lottery tomorrow.I'd buy every piece of 5 oz junk and melt it down and give it to Daniel Carr to make 2009 and 2010 proof eagles with.Pipe dream I know.But it sure would be quite hilarious.
Here is a quote from Teddy Roosevelt that all the greedy people in coins should read.teddy roosevelt should have been put on the reverse of the new quarter or at least on the 5 oz.
Teddy Roosevelt quote:
“The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first and love of soft living and the get-rich-quick theory of life.”
I meant on the obverse not the reverse.
hey, maybe 5oz bullion coins will free up 1oz blanks that can be used for ASE proofs. maybe i'm dreaming.
I'd still like to know whether the National Park Service plans to create exclusively packaged products containing the five-ouncers. I'd be interested if they are attractive and have a unifying design.
The over-sized bullion coins will be distributed through the US Mint's authorized purchaser (AP) network.
How pathetic our country has become with greed.I like the post with the quote from Teddy Roosevelt.I think that pretty much says it all.The man definitely had a vision for the future greedy politicians and back patting money grubbers in this country.
I agree too. Greed makes many look at the plastic case and the enclosed label and IGNORE THE COIN. I have posted before that PCGS/NGC and the like have permanently altered the hobby. These days we are invited to collect slabs/labels/stickers and ignore the coins. VERY SAD INDEED!
Coin collecting has changed like just about everything else. The slabbers helped it along but they are just giving people what they want and what they want are coins that go up in value quickly. I suspect there are still pure coin collectors out there. That is buying or trading in order to complete a collection with less regard for value down the road. People used to buy houses because they needed a place to live not just to flip it. Most probably still do. Maybe this just shows how well off our society is when many of us can look at item for its "flip" value rather than because we want it to help along our collection. Or maybe it just shows the gambler nature in us. The desire for quick gain at minimum effort or cost. I don't know that anything is wrong just maybe different. At least no one is being forced to buy slabbed coins.
TPGs and authorized TPG coin dealers are much like Automotive manufactures and car dealers.Once you drive the car off the lot you lose money.Very much just like you lose money by buying a piece of plastic with a label who is merely just someone elses opinion.Buy the coin not the slab.Then you can enjoy coin collecting for it's true value that includes more then just and investment or a flip.
Re: to the quote below.Teddy Roosevelt had it right.
Teddy Roosevelt quote:
“The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first and love of soft living and the get-rich-quick theory of life.”
Happy 4th of July to all tomorrow.Anyone here what the 2010 D nickel mintage is yet.Why is the US Mint keeping it a secret? Maybe it's so the high priced rolls can sell at a premium.Kind of makes one wonder why only three sellers on ebay have them listed at such high premiums.HMMMMM? Typically the P mints have been a lower mintage in the last five years.After reading Moy's answers to 2010 mintage cuts due to a poor economy.It looks like the 2010 P could be the lowest in more then 50 years which would knock out the 09s.Any ideas anyone ? Michael ?
Nice quote above.Sure seems to say it all.
What a joke. These 5 oz things aren't even coins. Save the silver for the 'legit' coins like ASE proofs/uncs and make the medals and trinkets out of the usual bronze. Leave the oversize silver coin bullion replicas to Home Shopping Network. They have been making huge Morgans and such for decades. The mint doesn't need to muscle in on such seedy markets.
Don't blame the Mint for coming up with the idea for the five-ouncers. Blame whichever congressperson created the bill (I believe it was someone from a silver mining state). The US Mint is just following orders. They probably weren't happy with having to purchase special equipment to mint these.
The US Mint is so far behind the times in the world scene of minted that it is a disgrace.There should have been a press created years ago for a five ounce coin or medal.Almost all major world mints have been creating 5 ounce coins and medals for years now.Even the Franklin mint created them.So no matter who you blame.It really makes no difference.The facts are that our US Mint is pathetic when compared with the other mints around the world.And we call our selves leaders of the world.LOL what a joke.There is one thing for sure we aren't leading in and that is of the minting of coinage.
I wonder if George Washington meant ebay when he said this LOL.
"Few men have virtue to withstand the highest bidder."
George Washington
Re: commenter above who wrote "And we call our selves leaders of the world."
My understanding was the Secretary of the Treasury, Mr. Geithner, recently said something paraphrased like the world can no longer depend on the U.S. to lead.
Re:
"My understanding was the Secretary of the Treasury, Mr. Geithner, recently said something paraphrased like the world can no longer depend on the U.S. to lead."
Timothy Geithner is just another puppet just like Moy is.Our leader is as well.Corporate America will drive this nation into the ground.Unless we stop lobbying there will be no change because politicians are ruled by corporations.Corporate rule will never make this country grow if greed and soft living is given to those who are destroying our choices.
Teddy Roosevelt quote:
“The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first and love of soft living and the get-rich-quick theory of life.”
I check the labels and buy American especially the big ticket items.
So that means to me that you fall for the buy the label and not the coin scam.Later on in life your big ticket item with the fancy scam label will be worth the weight and that label won't do you a bit of good.Good luck with that theory you have there.It has been proven over and over again not to work.
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