Mint News Blog Quick Updates
The news has really been stacking up lately. This post will quickly relay some information on the America the Beautiful Silver Bullion Coins, Edmund Moy's resignation, and the release of 2011-dated Gold and Silver Eagles.
America the Beautiful Silver Bullion Coins
According to the United States Mint, nine out of the eleven authorized purchasers have ordered their allotment of ATB Silver Bullion Coins.
Scotia Mocatta and Commerzbank are the ones who have not placed orders. See the list of US Mint authorized purchasers for the names of the other nine.
The coins which would have been allocated to the two AP's who did not place orders will be reallocated to the participating AP's this week.
I know many collectors are seeking for more information on precisely where and how to purchase the coins. Unfortunately I am not privy to the sales and distribution plans of private companies.
According to the US Mint, there have been no changes to the terms and conditions set for authorized purchasers. This means that they must distribute all coins directly to the public, limit their premiums to 10% above their acquisition cost from the US Mint, impose ordering limits of one coin per design per household, and no coins may be sold to officers or employees of the companies.
The consequences of not following these rules include suspension or permanent removal from the authorized purchaser distribution network. The US Mint has reserved the right to examine records, books, and other documents of the authorized purchasers to ensure the rules are followed.
Edmund Moy Resigns
Edmund Moy, the Director of the United States Mint, announced his resignation earlier this week. He had been appointed by President George W. Bush for a five year term and was sworn in on September 5, 2006.
With his resignation effective January 9, 2011, he will have served as the 38th Director of the United States Mint for four years and four months.
The US Mint's press release indicates that he had accepted a position in the private sector. A separate press release from L&L Energy indicated that Edmund Moy will become their Vice President of Corporate Infrastructure. L&L Energy is a coal-mining company, with a corporate office located in Seattle, Washington.
2011 American Gold and Silver Eagles
The US Mint will begin accepting orders from authorized purchasers for the 2011 Silver Eagle and 2011 Gold Eagle bullion coins on January 3, 2011.
Traditionally, authorized purchasers have been able to place orders for coins bearing the following years date in December, with delivery in early January. Last year, orders were not accepted until January 19.
An inventory of 2010-dated Gold and Silver Eagles remains and seems to be expected to last through year-end. Any coins remaining in January 2011 will be sold on a ratio basis to authorized purchasers ordering 2011-dated coins.
For now, only one ounce 2011 Gold Eagles will be available. For the past two years, the fractional weight coins have been released separately, later in the year.
Labels: US Mint
posted by Mint News Blog @ 10:42 AM
129 Comments:
"The more things change, the more things stay the same"
what are your thoughts on The Lincoln dollar mintages? They are much much lower than the Lincoln pennies but dont seem to be that much in demand. seems really odd with the low mintage on thease and all the lincoln collectors out there. Also any comments on the upcoming Lincoln $1 dollar coin and first spouse medal set and the Lincoln first day coin cover. Have a great holiday season!
APMEX order of 5 ounce silver ATB coins shipped today, thanks APMEX!
2:03pm: me too! Thank you apmex for being the only vendor to actually sell these to the public. No one else has stepped up and sold these in time for Christmas except Apmex.
mine shipped to....2nd day air..it "will" be a merry Christmas.
What about those of us who don't want the whole set ? They aren't making single coins available to us !!!
"I am not privy to the sales and distribution plans of private companies."
I think that pretty much says it all.Private being the key word. It seems that the ATBs have been taken private and not public which is a serious violation and abuse of the terms and conditions which will result in penalties like a slap on the wrist by the US Mint.
These APs are obviously taken all sales private. Making what could have been a great Christmas present to my daughter into a Ebenezer Scrooge event that only will prosper the rich and greedy. How pathetic the greedy ones have become.
Lol, it's amazing how people can find anything to complain about.
If the APs don't order the last two orders. The total mintage sold by the US Mint will be 27,000 on these ATBs. That would make both versions the same mintage. HMMMMMM. The true question is just how greedy they will be. If they order the remaining two orders. They are cutting their own throats on supposed rarity. I guess we will see which is more important now. Greed or mintage.
Greed always trumps!
BTW my 5oz shipped today.
shopcsntv...has first strike #1-999 availible for $3499.00...WTF
For those that called the Mint to complain, thanks a lot. Now no one will ever get these coins anywhere near 1395. That price in retrospect will seem like a bargain. The first buyers that were willing to pay 1395 just got a windfall to purchase them for only 860 and no one else will get these unless they have special contacts at APs.
Trying to fight free markets never turns out like you expect.
For those that called the Mint to complain, thanks a lot. Now no one will ever get these coins anywhere near 1395. That price in retrospect will seem like a bargain. The first buyers that were willing to pay 1395 just got a windfall to purchase them for only 860 and no one else will get these unless they have special contacts at APs.
Yep, that's what it's looking like. Isn't it odd that APMEX is still not taking new orders, even though they only sold 1000 of their 3000 allotment, and some of those 1000 actually became available again because some households ordered more than one. Has APMEX reserved these for employees of shopcsntv and their families?
So, for those that jumped in at the $1395 price point with 1 set at APMEX, all I have to say is.
Shot and SCORE, plus a partial refund, BONUS.
Oh and delivered by Christmas, NICE!
Yep, for all the abuse taken on these boards....all I can do now is sit back and laugh and enjoy my good fortune. It pays to step up to the plate sometimes instead of just whining.
What about those of us who don't want the whole set ? They aren't making single coins available to us !!!
Uhhh....Buy the whole set, sell what you don't want for a profit thereby reducing the cost of the one coin you want. If you are averse to making a profit, sell the excess coins at cost or sell for a profit and donate it to charity.
What is it with the one outfit that will only take order requests starting on January 17th for the 5 ounce coins? Is the mint asleep again on what is happening?
And how did the CSN coin show get 30 graded sets to sell for $3500 already before anyone else could order these?
Hello, Earth to US Mint, is anyone home?
Yes, let's try to implement even more government regulation and fix the fix. That will work this time, I'm sure of it.
Mine just shipped!!! Team America f$&( yeah!!!
Since no coins are for sale it can't be any worse. This is like them being in charge of health care and nobody can even see a doctor.
Or what about the AP (The Gold Center) who will only be selling over-the-counter. No mail orders, no phone orders, no internet orders. I think we know who is going to be lining up at his store, probably all with fake addresses to get around the one per household limit.
I smell rotted patootie. All of these APs are probably coming up with ways to game the system, hence the delays. When these do go on sale, don't be surprised if you're told "we're all sold out".
This is how the APs can beat the system. They sell the ATBs to their preferred dealers, their friends and families at the Mint's price with an agreement that some of the coins would be sold back to the APs at a pre-determined price. The APs can then sell them as a secondary offering at whatever the market price is. The dealers would have their share of coins to sell as well. This way the APs are happy, the dealers are happy.
If APMEX has received their share of coins, then so did the other APs. But why aren't they selling them yet? I bet you they are pretty busy racking up 3000 households to sell to under the setup I've mentioned above.
So if you're thinking of getting a set from the APs, good luck.
And those coins going to the preferred dealers, their friends and families are being cherry-picked as we speak. All of the APs have the coins in their possession. Anything sold to the general public will be the heavily dinged ones from the bottom of the barrel.
110627343142 ebay ready to ship? hmm
That's what I was thinking! How the hell does the guy on eBay have them in hand already?
Now you see it....now you don't. The shell moves round and round and all you need to do is pick under which AP the prize will be found.
Fair or not, the captain is the one to die when the ship is floundering. Moy was proven to be a total failure and is no loss. Under his misleadership, the U.S. Mint fell to last place amongst the Mints of the world. He can be thanked for his silence that contributed to loss of confidence by numismatists. It will take YEARS of hard work to approach correcting the damage and ill-will generated in the past 4+ years. It never should have happened to begin with.
All I can say is what comes around goes around. The greed displayed this Christmas over these ATBs will surely come back to bite each and every person involved in this scandal. I'm only happy to say that my family came first over this greed and if I never own one of these ATB coins that in itself is well worth it. I earned my money the good ole American way to provide my family with a decent Christmas. I hope everyone here has a very merry Christmas. To all the greed ridden ATB Christmas spoilers. Your day will come when you least expect it. The last laugh will be on people who are true givers in this world.
After seeing a picture of the actual coins. I'm so happy I never wanted any of these ugly biscuits. They are exactly what I imagined them to be. One big ole ugly quarter. These coins will become complete losers in the future. If you pay more then bullion on them then you are obviously ignorant. This is sure to be a series of coins that will fizzle out of interest quickly. I can see why so many people are so eager to flip these now. Because no one in their right mind would want to own them LOL.
I don't look at it as greed. It's capitalism, free markets. Just like stocks. Buy low and sell it at the highest you can get it for. Nothing wrong with that.
Spoken like a true collector NOT. That is what is wrong with this hobby now. It has gone from a hobby to a greedy blood sport driven bunch of opportunists. Look at the stock market and how greed drove that to the brink of a bail out they never should have received. Now the same greed is ruining this hobby.
I don't look at it as greed. It's capitalism, free markets. Just like stocks. Buy low and sell it at the highest you can get it for. Nothing wrong with that.
That would be fine if everyone was on a level playing field. But the APs have an exclusive position not afforded anyone else. The Mint is trying to distribute these coins as fairly as possible. The APs seem to be taking advantage of their position to profit at the expense of the general public.
CAN ANYONE TELL ME IF I WILL HAVE TO SIGN UP FOR A SPECIAL ACCOUNT WITH THESE APS JUST TO ORDER 1 SET OF ATB COINS - MOST OF THEM REQUIRE YOU TO JUMP THROUGH HOOPS TO OPEN AN ACOCUNT - OR WILL WE ALL BE ABLE TO ORDER DIRECTLY WITHOUT THAT?
This seller #170582456130 should be the first one investigated by the US Mint. He is clearly showing more then one set. The APs will have a hard time explaining this in the future.
I think that is a stock photo from the US Mint...Something tells me that the US Mint won't be investigating individual sellers on ebay...LOL.
A lot of the people doing presales may have ordered multiples from APMEX or other APs and have not been contacted by them yet and told they will only get 1 set, so they are thinking that everything is still fine for them. ... or... the APs are deal breaking crooks! Take your pick.
I'm selling my one set that I'm getting from Apmex on Ebay. I'll use any profit from that to buy the Numismatic Version when the Mint decides to sell them. I suggest to anyone that wants a set to just keep checking the blogs and Apmex's website. They will eventually sell the other sets they have to the public. I think they are waiting to finalize all those preorders and issue the refunds and get the 329 or so sets shipped to the individual HH. Once that is done, expect them to pop up the rest on the website. As for the other APs, who knows. I just keep checking all the blogs and that keeps me up to date on what is going on.
Hey 11:51, good for you. I am 10:39.
Judging on the posts on this thread, some will think you're greedy, esp. 10:54. Doubling your money (and more) just like that. I think they're just jealous since you have them and they can't seem to get one. Their jealousy has turned into whining and complaining. So sad.
Nothing wrong with what your doing. Good luck on your sale.
I can't believe the Mint hasn't posted the 2011 product list with only one week left in 2010. What is the big secret? Even a partial product list would be a nice bone to throw us dogs.
Who cares about the 5 ounce silver bullion coins and Apmex? So much more to life. Time to move on.
ohhh! were not whining just can not believe there people the would be that CRAzy to pay that kind of money for 5oz of silver , by the way mr. anonymous I'am not afraid to use my name
Which "Mr. Anonymous?"
ROFLMAO this guy claims early releases #270683092749 3699.99 Oh what a deal. Shouldn't they make a special label saying delayed releases. Merry Christmas to all the ones who got screwed by the APs. Not to worry. The US Mint will be selling the numismatic version. Don't pay in to these scammers. Be smart and wait this out. These coins will never regain the value they are selling at later.
The ATBs are great coins if you can buy them for bullion prices, for $1500 you can own many rarer modern coins. I have heard how many silver collectors there are out there but you can put a whole complete silver eagle set together for $800. Completely different collector base in my opion. 25%over spot is the max I would pay and if I don't get one oh well.
To all the flippers and dealers that have received special treatment from the APs. The US Mint made it very clear that these bullion coins must be sold to the public. THAT'S PUBLIC NOT PRIVATE. Just remember that your names will go on a list that will be investigated. You may want to make sure taxes are in order. Merry Christmas.
Yeah....The US Mint Director just resigned genious. I'm sure that their priority is to investigate flippers of these coins. I will have a Merry Christmas when I take delivery of a set tomorrow. Merry Christmas to you too.
I hope no ones christmas is worse because of not receiving these overhyped mint pieces. For those who got them, flip em while the getting is good. For those who want them, wait until the next greatest thing comes out and then pounce.
Did APMEX really get only 329 orders for the 1000 sets, the rest all being multiples? So they have 2671 left to sell?
There have been 75 listings on ebay that have ended. There are only currently 13 for sale on ebay. Apmex and others are bound by the contract and so are the other APs. I expect this to take a very surgical precise allocation to the dealers to pull this off by phone orders only or by over the counter sales. APMEX is really the only one who is on the hot seat because they sell to the public direct. If they never resell the way they previously did with the 1000 sell out. They know they risk losing respect from over 500,000 customers. I would seriously doubt that they want to lose that respect over a mere 3000 products. If anyone is paying the outrageous prices at this point on ebay. Then you will probably never regain the money you pay on these sets. There are clearly no signs of these sets hitting the market in full force yet. I think at this point the best thing to do is wait it out and either buy from APMEX when they go back on sale or buy from Coins and Things when they go on sale on Jan 3rd through their new web site. Or just wait for the numismatic version through the US Mint. The prices being offered through ebay are typical over hype pricing that happens every time a new product comes out. Unless you are just loaded and don't care about losing money. The best thing to do is wait this out. Merry Christmas everyone.
I think that paying $100 over spot for the ATB 5 oz. set is going to ba a lot less than the Mint will charge for their numismatic set. Why does everyone think the bullion is overpriceed? Even certain silver bars sell way above spot.
To: December 23, 2010 7:59 AM
Spoken like a true flipper hoping to get a buyer to believe the hype. Don't fall for it folks.
None of the people dumb and crazy enough to pay $2,700 for these coins is ever going to be smart enough to find this website anyway... waste of time trying to wisen them up here!
Coins n Things changed their ordertaking to the 17th, 2 weeks further out.
They're probably not near the 3000 friends and family they need.
To December 23, 2010 8:08 AM
Spoken like a sore loser. The 7:59am poster is correct, paying the small premium on these coins (roughly 10% over bullion) is not out of the ordinary. Many scarce coins that are called "bullion" sell for way above spot. Even ASE from different years are priced differently based on the mintage. Economics 101 strikes again. It's called supply and demand folks.
Anyone buying these at 860 will make money on the increased premium to spot value that will expand from here (if you decide to sell). If silver drops significantly all bets are off. Anyone buying at 2700+ I pity. It will take a long, long time to break even, if you ever do in a lifetime.
I plan to track the gains my coins make in value, but I am holding them as a collector.
Anyone think the Mint will sell the numismatic version of the 5 ounce ATBs anywhere near $860??? I think they have boxed themselves between $860 and $1395. If they go above $1395 they will have hell to pay from the coin collector outcry about price gouging. I'll put my money on $999 for a 5 coin set or $200 each and this may be wishful thinking.
To: December 23, 2010 9:33 AM
You are obviously oblivious to what people are referring to as the high prices being asked on ebay. That is what people will lose money on. You must have also graduated from ignorance 101. Supply and demand will only lose to the numismatic versions on these typical bullion pieces. You also need a little education in what the wishful thinking demand will be on these bullion pieces in the future. I only wish I could be right where you are typing so I could give you that education. LOL
Why does a 1996 American silver eagle bullion coin sell for so much more than spot value? It's just bullion.
The 1996 Silver Eagle will most likely lose some of it's premium value as silver spot rises. Despite having the lowest-mintage of the bullion coins, the number is not low enough these days to maintain much premium value. The dealers I've seen selling them are getting less and less premium for them as time goes on.
I still stand by the First Spouse gold coins as true "diamonds in the rough". The insanely low mintages the past few designs have had will command NICE premiums in the years to come. You can keep declaring the coins will always be unpopular, but secondary market sales levels of the low-mintage 2008 and 2009 coins say otherwise. I'll continue to put disposable income in this series as long as I can.
The spouse coins should trade as a series just like these ATB 5 ounce coins probably will.
The collector version of the coins will trade separately to the bullion version because they will have a different finish and also will have a mintmark.
The bullion version will not grade as well as the collector version, so it is possible the bullion version in highest grades cost much more than the collector versions.
The bullion version in later years may have a considerably higher mintage than the 2010, since they will sell at real bullion prices once the mint starts regular production much earlier in the year. It could be around 100,000 sets or more per year, but that is just a guess. If it is that high then these 2010 coins will not sell for $900 a set as less than a third of the later year collectors can come back and collect the 2010 coins.
The spouse coins are the ugliest things to come out of the mint ever and even women that I have shown them to don't like them. Good luck expecting to become a millionaire on those. The Liberty ones should do well though and are appealing, and could be the ones to own.
As far as the collector atb 5 ounce go, that is a crapshoot on what happens to silver prices, I could see later years with sales of 30,000 which is close to the current price, if silver hit $100 not many would pay $2900 a set for these so mintages could drop to 20,000 or less perhaps.
The bullion sales would be higher and I think even at $100 could be 50,000 sets or higher. That is why many like the bullion version here, but time will tell.
BTW the first reports for the 5 ounce coins from those that have seen them is they are stunning. If that holds true then maybe you will change your mind....
Also the later designs appear to get better for these coins, unlike with the spouse coins. That may bring in more collectors.
The only people who can become a millionaire on First Spouse coins are those who are ALREADY millionaires! The average person who can only buy one or two of them will see a nice return on that investment, but it would take selling a lot more of them than that to generate a million dollars! :)
For the people slamming the price of the 'bullion' ATB you are assuming the mint will follow thru with the ATB 5oz. numismatic version and if they do be able to obtain one the day they go on sale at the 'lower price'. What's that saying about a bird in hand????
The novelty will wear off, but I still look forward to holding that big ol' hunk of heavy silver in my hand!
At no extra charge (other than the $19.95 normal shipping) APMEX overnighted my set of 5 oz-ers yesterday but I won't see it until my wife gets home from work this evening as she stopped at the PO to sign for it.
I'll take my $500 refund check and buy something else from them! They have some older first spouses for $100 less than the current ones from the Mint!
Those spouse are the high mintage ones, good luck in ever seeing anything over spot. If you like them to buy or collect that is why, but don't expect much above spot gold in our lifetime.
It looks like two of the TV coin shows already have these 5 oz coins to sell and have had them graded already before any have gone on sale to the public online.
The Coin Vault has them? This is ridiculous! The Mint needs to find out what's going on here. The APs are just thumbing their noses at the Mint.
I hope some of the lucky folks who receive their 5 oz ATB sets will give us details on how they look.
coinvault...tonight 6 pm...et
More squalling, more squalling, wwaahhh !
Got my 5 ouncers today! Along with a $540 refund. (Wouldn't have gotten them if I didn't see it on this site that there were on APMEX. Thanks, guys!)
Each comes in a round plastic case, in bubble pack in a plastic bag. APMEX charged me $19.95 shipping but sent them Express Mail which looks like it would have cost them $35.
They are totally almost mirror finish, nothing like the dull finish eagles. No scratches, but the very highest parts on some are not as shiny, probably from being in a roll against the next coin.
Michael -
Do you know how long the 2010 coin sets will be available for purchase from the US Mint? Will they go off sale when the 2011 sets are introduced?
Received mine today. Considerable rim damage on the hot springs. Some smudges and nicks on the others. Overall not that impressed
COIN VAULT-ms 69 five coin five oz. set only 3,999.95 Get them while they are hot!!!!!!!!We have plenty of sets to go around forget that mint limitation-- we have our ways around that!!!And by the way these are EARLY RELEASES as if all of these weren't early
[quote]Received mine today. Considerable rim damage on the hot springs. Some smudges and nicks on the others. Overall not that impressed
How much you want to bet APMEX cherrypicked the MS69s for Coin Vault and you got the discards?
I would have to agree. They will make their $. Shame isn't it...
Another newsflash from the vault--those 20 coin rolls of 2011 American eagles (that we used to pay $400) for will now be costing you $999.95 per roll. Preorder while you can as the price of silver will be $50 by the end of the first quarter of 2011!!!!!It will be less expensive to pick up your 2010 proof eagles than it will be to order BULLION for 2011.
I would have been immune from cherry-picking if the Mint had not later mandated a limit of one coin per design per household. I had ordered 15 sets, so I was slated to receive a sealed tube of 10 coins of each design as part of my order. Thanks a bundle, Mint! I was going to receive at least SOME coins that had not been handled or examined since leaving the Mint.
The limit of one coin per household was unnecessary. That's fine for the Mint to do that on the coins they themselves sell directly to the public, but they have no right to tell the AP's they have to do that too. That's pushing their own policies on another business. If they wanted to sell them that way, they should have thought of that early on and gotten the law changed so they COULD sell them directly.
I know, I know, let me say it for you. "They have every right!" "The AP's have an unfair monopoly, the Mint was right to protect our interests!" Blah blah blah! Talk until you're blue in the face, I still don't agree with that. The rest of the revised rules was ok, as far as limiting the price level and wanting them sold to the public. However, one coin per design per household is a bit too low. They should have made it 10, that way some sealed tubes would be available. Most buyers would have only bought one set anyway, due to cost. In trying to be so "fair", the Mint is being unfair to those who wanted sealed tubes.
The Mint goes and changes the rules in the middle of the game. Now thanks to their meddling, NO sealed tubes of 2010's will exist for this series. So much for anyone who wanted to collect these coins by the sealed tube. They will be able to for later years, but not for the inaugeral 2010's. Phooey to you guys who want to collect that way, says the Mint.
At least I got one set early, as opposed to the belly-achers who weren't willing to pony up the original sales price of $1,395.
I can't wait to see the Mint's price for their "numismatic" versions. The Mint is not known for their fair prices! I'll bet they're at least $299.95 per coin.
In one breath you say you wanted at least one set that was good out of a sealed tube. Then in another breath you say you wanted to collect the sealed tubes. Ummm you can't have it both ways. You sound like the typical flipper whining because you didn't get 15 sets to flip. I for one and glad you didn't.
At least there is one story that the US Mints decision effected one greedy flipper.It is still very early in the game and investigations are sure to happen given all the reports of the new contracts to the APs being broken. There will be many people wishing they hadn't messed with their AP accounts for a measly 3000 sets. The profit was good at the US Mints contracted price. The APs gouging greed and broken contracts will only be effected as a result.
I'm glad I never ordered any myself because I want nothing to do with a bullion item that is tied so heavily to price gouging. If these do become available again at 880.00 then I may purchase a set. If not I could really care less. I buy bullion for the bullion value. Not the rip off flipping factor. I personally feel better sleeping that way.
I'm a flipper and I just love all the love you give me!!
Oh, btw, as a flipper, I will receive my 5 coin set from apmex tomorrow...I paid $879 and tomorrow I'll sell it on ebay for $2000. I just love flipping!!
Yo , (flipper) keep up the good work , get all those worthless paper dollars and turn them into REAL money!! ( gold & silver )I'm behind ya ..
"At least I got one set early, as opposed to the belly-achers who weren't willing to pony up the original sales price of $1,395."
But your belly-aching about not getting a ten coin tube ??
Hypocrite Flipper.
"I would have been immune from cherry-picking if the Mint had not later mandated a limit of one coin per design per household."
But for you, no. I would have cherry picked my ten coin tubes and sold you the rest.
The Flipper.
Its amazing how childish everyone has become over these big biscuits. Sounds like a bunch of girlie men. Be a real man and make someones Christmas less fortunate then you.
Merry Christmas to the ones who made a difference in someones life this Christmas instead of being a worthless scrooge that this world could do without.
Merry Christmas to all you flippers out there! Good luck and may all of our profits soar in 2011!
Grandpa has developed a new strategy and work around regarding the current "silver" mania. I tend to agree that it appears silver is going higher in price. many folks buy ingots, bars, bullion rounds, bags of older silver content coins, etc. in order to salt away what they believe will profit them in the mid term. Each seems like a good idea, even in the escalating pricing we all see now. I too think silver will reach and pass $50 in relative time. But I won't pay the prices others are paying now.
Instead, I have what I think is a far lesser costing plan to accumulate silver and I'm doing it now for months. I go to local coin shows, burses, and buy off ebay and private sites. I have been picking up Franklin Mint silver "sets", either complete, or those with some missing pieces. As you know, many are dollar sized, and most are .925. Not .999 fine, but in my book, they sure beat worn out older junk silver bags of coins. You'd be AMAZED how cheaply you can buy these sets and broken sets. I remove them from musty cardboard albums and put them into large plastic tubes. If they come in those round plastic capsules, I leave them in those and merely use oversized drugstore pill tubes. Am I crazy? Not really, you would not believe the pile accumulated in this past year. I've channeled funds that formerly went to buying Mint offerings. As long as they choose to produce junk these days, I'll boycott buying in favor of MY choice to accumulate silver. Some day when any of these various items are melted into silver bricks, it won't matter much their original source, only what you paid to get them to that moment. Always spend YOUR money where it's treated best!
Happy Christmas..~Grandpa
"Do you know how long the 2010 coin sets will be available for purchase from the US Mint? Will they go off sale when the 2011 sets are introduced? "
I asked the Mint about this a few months ago, and their plan is to leave the 2010 sets available until December 31, 2011. Or presumably until the supply runs out.
Grandpa whenever you buy something as an investment you have to consider how you are going to sell it when the time comes. If you picked up that silver for low prices don't expect others to buy it back for anything more than low prices. It is a lose-lose situation old fellow, there is no free lunch.
The 5 ounce coins will blow away the return over junk silver, but i guess you don't believe any of us. That is OK, in a couple years you will look back and think, wow, if I only put that money in some real coins instead of tubs of goo.
What you have is only good for being melted down, so in a way you are doing us all a favor. But buying cheap has turned out to be a mistake over the long run with coins. Over 50 years the cheapest coins have stayed that way, and the better coins have outpaced them by a mile.
Anyway Merry Christmas, hope you enjoy all that silver. My 5 coin set will arrive today and I will enjoy that.
Mr Moy may well be using his Washington connections to influence those connections for the coal industry. There is no such thing as clean coal.
I just received my 5, 5 oz America The Beautiful coins from Apmex. Each is in a plastic holder. They look more like proof rather than bullion coins. The order was well packed. Very happy to have gotten them. Thanks Apmex.
I just opened my 5 oz coins....obviously these were cherry picked...mine everyone is flawed...obverse on one very scuffed...mount hood deep one inch scratch on reverse...very disappointed hope the mint ones are better...I know its bullion but this one looks like it was dropped from a 3rd floor stairs...wanna trade Apmex
Apmex accepts returns with no questions asked. I had to return a coin once and thought I was being overly picky. They replaced it with a beautiful coin without question. Are you sending them back or are you just making this story up? Post a pic somewhere and provide a link, let's have a look.
Just got my 5 oz ATB set. I like them. Guess what, I wasn't expecting MS-70 quality coins. A couple of little dingers consistent with wear from being in a tube but nothing that will detract from their beauty. I would call them proof-like in appearance, and dang they are big!
received my set today at noon. and sold them on e**y in under an hour for buy it now of $1800. i did sign up however to donate 10% of the selling price automatically through ebay to the am cancer society. Wanted to share some of my good fortune. Decided to flip them when i looked at some of my bills for the holiday this year. Very nice coins though. Happy Holidays to all
1:42pm, I am sure others on here will find fault with you and say nasty things about you. I say more power to you for making a profit and even more power to you for your generosity.
Recieved my set from APMEX and i am very impressed with the coins. I didnt see any of the damages that some have mentioned here. The packaging is so perfect and looks like APMEX has taken extra care to get this safe into the hands of customers. And the refund check is the extra sweetner. Whatever maybe the events, has anyother AP has so far sold direct to public. Kudos to APMEX and no, i dont work for APMEX.
I received mine today. Wow! These coins are huge and nice! For a bullion, they sure are shiny. Kinda regret doing a pre-sale on ebay, though. Would've kept it if I've seen it first. Oh, well.
Wow, Nice coins from Ampex. 9 of my neighbors sold me there's also. Easy way or hard way around anything !! I took the easy route and Merry Christmas to me.
Sure they did, when everyone ordered there wasn't any household limit so you could have ordered 50.
Received my one set allowed to me yesterday, along with a refund check. Too bad the only time in my life I've received a check for $20,070.05, and it's nothing but a return of my OWN money!
Oh well.
Maybe the new GOP congress can check into the ATB issue.
Relax everyone and enjoy the holidays. This is all hype. If you really want these coins you will get them at a reasonable price. We all know how this game works.
Anonymous said...
Maybe the new GOP congress can check into the ATB issue.
December 25, 2010 8:41 AM
Maybe they can find a few things to do that are a HELL OF A LOT MORE IMPORTANT than ATB coin issues! DAMN!
DISAPPOINTMENT spells my feeling about the first five. Crude example on poorly cast blanks. I have Mexican and Australian 5 ouncers. The U.S. Mints should be ashamed when quality is compared to those other mints. Junk... I'll be dumping these sooner than I expected.
I don't think that most people realize that 5 oz, 10 oz, and kilo silver coins are available from the australian mint. If you want a nice large coin, I would recommend the kilos, they are really special coins.
@ Anonymous said... December 25, 2010 11:13 AM
Maybe they can find a few things to do that are a HELL OF A LOT MORE IMPORTANT than ATB coin issues! DAMN!
------------------------
Yes like Impeach Obama !
The guy is Jimmy Carter on Steroids
The thing I find funny about all these people claiming to get great deals on these 5 oz sets is that they would not all be so happy if they had bought them at the prices they are asking.In fact I haven't seen anyone claiming to be happy with a set purchased at 1399.00 to 2700.00. That's because everyone would just consider them ignorant to do so. It's really basic common sense. The hype will pass and make way for the next best thing to drown it out. Happens all the time folks.Merry Christmas and Happy New Year.
Those of us that did order from AMPEX did it at $1395 and I would still be happy even if the price wasn't lowered. That is beside the point though because none of the others are making these available to people that want to order which is breaking the rules.
Yeah, what is the hold up on the start of sales for these?
"DISAPPOINTMENT spells my feeling about the first five. Crude example on poorly cast blanks. I have Mexican and Australian 5 ouncers. The U.S. Mints should be ashamed when quality is compared to those other mints. Junk... I'll be dumping these sooner than I expected."
OK, fair enough. You don't like this "junk..." So how much can I buy them from you for??
How about the 859.95 + ship. that you paid. Or maybe 1395.00 like you originally paid??
Or maybe 2000.00 ?? Or 2700.00??
Yes I know, your not selling them at all. I don't beleive you at all either.
I don't believe you would pay 1395.00 to 2700.00 at this point either. Or you would be buying them up on Feebay. Simply put, these sets are way over priced by many attempting to just profit off of them on the ignorance of others. I completely believe that buyer as these sets are inferior in comparison to other world bullion pieces. Enough said.
I completely believe as a buyer of these sets that they are very inferior to other world coin like bullion pieces. The US Mint has a long way to go before competing with world mints that have been producing these type bullion pieces for a much longer time. It is extremely surprising to me that the US Mint is so far behind in times on minting these types of coins. I completely agree that these are crude and need much better designs. There is something about seeing that big quarter obverse that just looks like one of those big chocolate coins you got as a kid. Teddy Roosevelts face belongs on the obverse of these bullion pieces in my opinion.
I think all bullion pieces made should reflect the true bullion value as the face value of the piece made to show the actual value of the piece when it was made. The 25 cent value is just to ugly on a piece this size.
The recession's gonna be over, and all this silver and gold isn't gonna be worth a scrap.
I was going to send the last three posters sets for Christmas but am glad I didn't as they hate them. Haha.
I see you like them so much your willing to give them away HA HA HA !!!
Having received my set from APMEX on the 24th, I must say they are very nice. I agree the Washington side looks like an over sized chocolate coin but that's not why people bought them. The State Park side looks beautiful! There is much more detail in the scene than can be represented in the smaller quarter. Hot Springs I thought was going to be the most boring of the set turned out to be one of my favorites. The detail and frosting in the image is flawless. I look foreword to collecting the years to come. My set arrived in great shape.
One coin has a few light marks on the Washington side but overall nothing major.
Same with mine. Very happy with my set. Fantastic for bullion production. Something you can't find at a foreign Mint. I'm sure if I were a collector from Mexico or Australia I would want these bigtime.
I for one appreciate what my nation's Mint's have brought me; History, knowledge, and camaraderie just to name a few. Most every coin has a unique story behind it, and these now are no exception for sure.
Any new information, if any AP are selling them to public?
I think(hope) APX will sell more soon at the fair/good price. Unless you already did buy one. If not, get on their notification list and then be very quick about ordering. The other one's--not sure--just keep checking their pages and of course--check back here--that's how I got my set under the tree the other day :)
if i bought one, that would be enough, do u know on which APX list i can be?
Go to their website apmex.com,
click Silver in the Bullion area to the left, and there they are at the bottom of the page.
Click "alert me when more come in" and sign up for a text or email from them when more come in. You may need to open an account(sign-up) with them first.
Now mind you--they are set up to buy back from the public(at whatever the market price is), (or their buddies)and then they can sell them back to the public at whatever price they want to so watch out.(this is how this whole mess started). But I would expect them to "sell out" of their original and secondary Mint allotments before they get back to price gouging. This is still an ongoing drama that no one knows what's coming next.
Anyway, it can't hurt to try and get a set early from them at the fair price-SO SIGN UP ! and good luck.
Set of 5oz just sold on ebay for $3101 !!
if you cannot get the 5 oz ATB silver, check out 2010 John Lennon Great Britons 5 Pound silver Proof coin on eBay. Sold out British Royal Mint in one week.
Only 5,000 minted.
I infer that the Mint's directive to "distribute directly to the public" is not the same as requiring sales to be open to the public at large.
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