US Mint 2011 Product Schedule
Yesterday, the United States Mint announced their scheduled product listing for their 2011 numismatic product portfolio.
Last year, the schedule had only been announced in preliminary format, with exact dates provided throughout the year. Also, the collector versions of the Gold and Silver Eagle were initially missing.
This year, exact release dates are provided for virtually all expected products. This includes release dates of April 21 for the 2011 Proof Gold Eagles and "by July 6, 2011" for the 2011 Proof Silver Eagle. After years of trouble meeting bullion coin demand, which resulted in delays or cancellations for the numismatic products, the situation finally seems to be under control. Bullion coins have not been suspended or rationed for many months, and the US Mint has greater flexibility in offering collector versions following the passage of H.R. 6162.
Some other pleasant surprises are earlier release dates for precious metals products, with the 2011 Proof Gold Buffalo scheduled for April 18 and the 2011 Proof Platinum Eagle for May 26.
The collectible uncirculated version of the American Gold Eagle will make a come back next year, with sales starting on May 5. These coins are struck on specially burnished blanks and carry the "W" mint mark. Only the one ounce size is expected to be available. This version of the Gold Eagle has not been offered since 2008.
The 2011-W uncirculated Silver Eagle is still listed as TBD.
Full schedule follows:
| PRODUCT | DATE |
| Yellowstone Quarter Three-Coin Set | 01/05/11 |
| 2011 Proof Set | 01/11/11 |
| 2011 Silver Proof Set | 01/25/11 |
| Gettysburg Quarter Bags and Two-Roll Set | 01/27/11 |
| 2011 United States Army Commemorative Coins | 01/31/11 |
| 2011 Uncirculated Mint Set | 02/08/11 |
| 2011 Kennedy Half Dollar Bags and Two-Roll Set | 02/15/11 |
| 2011 Presidential Dollar Proof Set | 02/22/11 |
| Andrew Johnson Presidential Dollar Rolls | 02/23/11 |
| 2011 Medal of Honor Commemorative Coins | 02/25/11 |
| Yosemite Quarter Three-Coin Set | 03/01/11 |
| Eliza Johnson First Spouse Gold Coin | 03/03/11 |
| Eliza Johnson Bronze Medal | 03/03/11 |
| Andrew Johnson Presidential $1 Coin & First Spouse Medal Set | 03/15/11 |
| 2011 America the Beautiful Quarters Proof Set | 03/22/11 |
| 2011 Native American Dollar Rolls | 03/28/11 |
| 2011 America the Beautiful Quarters Silver Proof Set | 03/29/11 |
| Andrew Johnson Presidential Dollar Coin Cover | 03/31/11 |
| Glacier Quarter Bags and Two-Roll Set | 04/04/11 |
| 2011 American Gold Buffalo Proof Coin | 04/18/11 |
| 2011 America the Beautiful Quarters Uncirculated Set | 04/19/11 |
| 2011 American Gold Eagle Proof Coins | 04/21/11 |
| Mount Hood Quarter Three-Coin Set | 05/04/11 |
| 2011 American Eagle Uncirculated Gold Coin | 05/05/11 |
| Ulysses S. Grant Presidential Dollar Rolls | 05/19/11 |
| 2011 American Platinum Eagle Proof Coin | 05/26/11 |
| Julia Grant First Spouse Gold Coin | 06/02/11 |
| Julia Grant Bronze Medal 1-5/16" | 06/02/11 |
| Olympic Quarter Bags and Two-Roll Set | 06/13/11 |
| Ulysses S. Grant Presidential $1 Coin & First Spouse Medal Set | 06/23/11 |
| Ulysses S. Grant Presidential Dollar Coin Cover | 06/30/11 |
| 2011 American Silver Eagle Proof Coins | By 07/06/11 |
| Gettysburg Quarter Three-Coin Set | 07/27/11 |
| Glacier Quarter Three-Coin Set | 07/27/11 |
| Olympic Quarter Three-Coin Set | 07/27/11 |
| Rutherford B. Hayes Presidential Dollar Rolls | 08/18/11 |
| Vicksburg Quarter Bags and Two-Roll Set | 08/29/11 |
| Lucy Hayes First Spouse Gold Coin | 09/01/11 |
| Lucy Hayes Bronze Medal 1-5/16" | 09/01/11 |
| Rutherford B. Hayes Presidential $1 Coin & First Spouse Medal Set | 09/22/11 |
| Rutherford B. Hayes Presidential Dollar Coin Cover | 09/29/11 |
| Vicksburg Quarter Three-Coin Set | 10/19/11 |
| Chickasaw Quarter Bags and Two-Roll Set | 11/14/11 |
| James Garfield Presidential Dollar Rolls | 11/17/11 |
| 2011 America the Beautiful Quarters Circulating Coin Set | 11/22/11 |
| Lucretia Garfield First Spouse Gold Coin | 12/01/11 |
| Lucretia Garfield Bronze Medal 1-5/16" | 12/01/11 |
| First Spouse Bronze Four-Medal Set | 12/01/11 |
| Chickasaw Quarter Three-Coin Set | 12/20/11 |
| James Garfield Presidential $1 Coin & First Spouse Medal Set | 12/22/11 |
| James Garfield Presidential Dollar Coin Cover | 12/29/11 |
| 2011 American Silver Eagle Uncirculated Coin | TBD |
Labels: US Mint
posted by Mint News Blog @ 5:38 AM
96 Comments:
It looks like a good year to me. I especially like the return of commemorative gold. Missing from the list are the UHR palladium coin and the 5 ounce collectable ATB silver.
The UHR palladium might or might not happen in 2011. The coins are required to be issued within one year of the submission of a marketing study proving sufficient demand for the product. This means the first coins could come as far away as one year plus the time to do the study.
The collectible 2010 ATB are supposed to come in the first quarter. Numismatic News recently stated the release could take place in February.
"The collectible 2010 ATB are supposed to come in the first quarter. Numismatic News recently stated the release could take place in February."
This will give all the gougers on the secondary market ample time to rip off the unknowing buyers who will regret paying such high premiums for bullion coins that will only lose value after the unjust hype is gone.
It looks like the US Mint is only waiting for silver spot to increase before they release their unjust pricing. Only the ones lucky enough to get these at 879.99 will be the winners on any of these ATBs.
I sure would love to be a fly on the wall at the APs just knowing that none of them want to sell these at the US Mints required price structure. But, I'm pretty sure there will be only back door sales by any of the APs on the bullion version which should be something that will only hurt their credibility with the public.
I really don't think the APs care much about their credibility. Because it's all about maximum profit with them. The one who steps to the plate giving the public the 879.99 voluntary deal will be the one that shines in the future if it even happens which I seriously doubt.
I will be anxiously awaiting the palladium and ATB numismatic set. I do have one quip with all the whiners on the prices of the ATB set. It is a seriously rare set as far silver as moderns go. It may be the only three inch set and the only one with rim edge
lettering. There is a huge demand becuase most people dont want to collect first day packs and all the other lackluster mint offerings. Precious metals also are a good investment. Seriously do some math. Anyone stupid enough to NOT want to make money or invest in these products thank you. That leaves less competition for me.
Now that we know the exact dates, let's all get together and try to get JP Morgan and friends to push down the prices of platinum and gold just when the proofs are going to be released. A week later they can let them rise again.
To: December 30, 2010 7:45 AM
Spoken like a true scalper with no proof of his claims as to rarity. You know absolutely nothing other then to give unfounded hype to a bullion set that will clearly lose it's market value based on current gouged prices. Please do not fall for these types of marketing ploys folks. This scalper could care less about the rarity of this set or about collecting rarities.
"It may be the only three inch set and the only one with rim edge
lettering."
Use facts not maybes and you might seem credible. That statement only make you look like a used car salesman. I'm sure you are the type that loses no sleep ripping people off with hype like this.
So the unc gold eagle returns but nothing more for the buffalo. Bad enough no fractionals. They've sold almost 50,000 proof buffs each of the last two years at ungodly prices... does that not tell them anything?
I think the used car salesman is referring to free market value which is anything but a fair market value imposed by price setters on feebay.
I have been collecting large 5 oz bullion coins and medals from around the world for many years. I have never paid much over 25.00 of the bullion value of the coins or medals. I bought these at 879.99 and will not sell the set. Anyone paying the high prices for these coins will surely be in a losing situation. I have many coins and medals at much lower mintage and higher demand. Many of which can still be purchased today at about 25.00 over spot value. So don't jump the gun and get caught up in all this hype about these sets.
"The one who steps to the plate giving the public the 879.99 voluntary deal will be the one that shines in the future"
APMEX is the only AP to sell the coins at 879.99 in an open sale to the public. Actions speak louder than words. Well done Apmex, thanks for making these available!
8:27, can you state a specific 5 ounce coin from another world mint that has higher demand than the ATB 5 ounce coins (or are you just blowing smoke)? How do you measure demand? I measure by the price in the open market for which completed sales are made.
8:34 AM
Your so called open market is probably feebay where all the gouging price setters placed their ripoff starting prices. Mark my word folks. When all the smoke clears from this scandal. These prices on these ATB sets will plummet. Kind of reminds me of the first set of rolls from the Lincoln ceremony. Go look at what they sell at now. When they first hit your so called open market. People were paying 300.00 a roll.
It seems all those complaining about the price of the 5oz bullion ATBs didn't get one from APMEX and are now crying sour grapes. You had a chance and opted not to buy so deal with it.
8:57, amen.
8:27/8:42,
a) What 5 ounce world coin has higher demand than the ATB 5 ounce coin?
b) How do you measure demand?
I expected the 5 oz. to be among the neatest coins I have, the pictures looked so good, but I was sorely disappointed. I agree with whoever said Washington looks like a foil-covered chocolate coin. The rim lettering is tiny and only on 25% of the rim. And they just look cheap.
I'm going to take my APMEX set to the F.U.N. coin show next week in Tampa and see what I can get for them. If I can more than double my money I'll probably buy a few rolls of bullion eagles instead. Bet they'll do better in the long run.
I bought from APMEX and I think the prices being asked are gouging prices. So your wrong again. A fair market value on these sets was at APMEXs first set price. What people are expecting now only shows the greed of those who couldn't care less about anything but making a buck off of those who didn't buy a set early. There is a big difference between fair market value and unfair trading practices. So your claim that only the ones who didn't take advantage of the APMEX deal doesn't hold water with me. I'm a collector and will not sell my set. Your a flipper and you don't care about anything but money and that is the sad part of this situation. The true collectors of these sets deserve much better then people like yourselves. I bet your amen will not be heard in heaven LOL.
1] Nobody can say for sure where prices will go, they may go higher then come down, go lower from here, or stay the same.
2] The mint may not be releasing the collector version of these coins because the authorizing legislation doesn't apparently allow it. If that happens then these will be the only ones released and it is possible these prices are not high.
3] You can't compare the US coin market to foreign markets because the US has by far the largest collector base. Many of the foreign coins that have risen in price are due to US collectors.
LOOK AT 5OZ UNC COINS,THEY HAVE A BRLLANT FINISH WITH P MINT MARK NOT SATIN WITH A W MINTMARK
I have many coins and medals at much lower mintage and higher demand. Many of which can still be purchased today at about 25.00 over spot value.
Demand must not be all that great if they can be purchased for only $25 over spot. If demand exceeds supply, the free market should drive the price considerably higher than $25 over spot.
Demand must not be all that great if they can be purchased for only $25 over spot. If demand exceeds supply, the free market should drive the price considerably higher than $25 over spot.
What you fail to understand is the fact that these coins just like others are a passing fad. As soon as the hype gets taken over by the latest and greatest fad. These coins will drop and the market will become open to more availability of these coins.
This happens all the time. All the hype and all the maybes are merely the hypsters trying to make people believe that these coins are something that will either never be or just trying to make the unknowing pay way over inflated prices out of the starting gates.
There are several world coins that have proven this fact. Your arrogance about America being the only ones who collect coins is the same arrogance that will eventually take this country down. Greed and the service only lazy based country will eventually fall with these ideals you have.
This country needs to figure out that a good hard days work deserves a good pay just like a good price deserves a good seller. You people trying to earn money in this manner will be the same thing that brought down wall street before our people had to bail them out. Or Rome when they became so arrogant. It's called diversification of greed.
In other words you are starting the prices out high just to set an unrealistic trend. This will be proven in time just like the many times before this. Fads are fads and this is merely a scandalous fad which makes it worse.
"Demand must not be all that great if they can be purchased for only $25 over spot. If demand exceeds supply, the free market should drive the price considerably higher than $25 over spot."
The market for 5 oz bullion coins is far lower then you give these coins credit for. That is why the US Mint did not mint very many of them. Because they knew that fact.
"There are several world coins that have proven this fact."
8:27/8:42/10:53: Once again, specifically which world coins are you talking about?
I only want to know so I can go purchase them. If they are higher demand than ATB 5 ounce silver coins and only 25 above spot they would be quite a bargain.
So, just trying to figure out what the OK norms are here. If someone were to put up these ATB bullion sets for auction on ebay starting at .99 cents... and it HAPPENS to sell at $3000 after its all over, is that OK or was the seller a greedy scalper? And how and to what degree is this seller fooling those who are willing to bid it up so high? Is it the seller who is wrong or is it the crazy collectors bidding it up so high? Not that I have any skin in this game... but I just don't see how these ebay guys are forcing anyone to buy these sets at such high prices... and many of the auctions are starting at 'reasonable' prices. The thing that is stopping others from buying this set at a 'reasonable' price seems to be all the bidders who are bidding it up... not the sellers.
Also, isn't the big deal with these coins is that they are BOTH 3 inches and 5 ounces of silver? Are there any other precious metal coins in the world like this? I think I remember reading somewhere that only two other countries had done something similar? Not to mention, these sets also have a low mintage (when generally, one doesn't usually equate a determined mintage with bullion)?
Just to make this a little more clear. Ebay is probably the worst place to get true trends in value IMO. Because these sets were started out high to begin with with very high unrealistic prices.
Yes the buyers are just as much to blame for believing these out of the gate gouging prices. Because all that did was make others believe that they are worth more.
This is something that is done way ahead of time by many people in the business that have everything to gain by setting unrealistic prices.
There are more then two countries that have done 5 oz coins out there as well. There is plenty of evidence in the past that suggests that 5 oz bullion or collector version coins only gather a small collector base. So your suggestion that these coins will be any different really holds no validity.
"There are more then two countries that have done 5 oz coins out there as well."
Could someone specifically name them?
8:06- the mint said they thmeselves were having difficulty producing these hence the low mintage as opposed the the originally stated mintage of 100,000. The specific problem was stated as the edge lettering according to a few blogs i've read(numismaster, pcgs blog). Remeber the 1995 w proof eagle has a mintage of 30,125. These mintages are comparable. Lots of facts to go around. I did my homework, took the risk and made some profit. I will then recycle that profit into other area's I see that may be profitable and buy truly rare coins like a 1909 s vdb or a 1877 cent. Can you do math? Or homework? Profiting in coins is just as fun as collecting. Stop windbagging and use your brain. You might end up with better coins in your collection in the end.
More specifically, what other countries have done THREE inch diameter, FIVE ounce silver bullion?
I completely believe that others have created 5 ounce silver bullions... but if I recall, the Mint had a hard time with this one because it was specifically legislated that they should be THREE inches in diameter, and THAT added variable made it HARD TO MAKE and a rarity.
All the hype you flippers are trying to give these coins are in no way valid. These 5 oz bullion coins will have a low collector base just like other 5 oz bullion coins. Stop trying to hype this up with nothing but your 3 inch theory. The fact is simple. The US Mint stopped the gouging prices by the APs and the flippers should be stopped too. I can only hope that the IRS gets all the flippers involved in this outrage and audit them and make them pay for the profits they make off of the unknowing buyers they ripped off. Case closed.
China, Australia, Great Britain, Mexico, And many Pobjoy Minted Island coins along with many other coins produced in this country by the Franklin Mint for Island nations. Does this give you enough counties or do you need more proof that 5 oz bullion and collector coins only carry a small collector base.
Getting back to this article and the 2011 Schedule....
The other item that isn't mentioned is the 9/11 10th Anniversary Silver Commemorative Medal. As defined in PL 111-221 (08/06/10), the issue will be a "medal," thus circumventing the two commemorative "coins" per year requirement.
This medal is intended to be available in 2011 and 2012, with proceeds to go to the various charities and associations. Since it's not a numismatic product, per se, it probably won't show up on this schedule in either year.
However, it will use resources and materials that may impact the availability of other products. The Program calls for up to 2 Million medals, with production split between Denver and Philly. Even though the ASE coins are produced at West Point, the additional demand on silver blanks is going to take a toll. Probably why we will not see the ASE UNC coins in 2011... again.
Oh a Russia toojust to name a few. The hype you people are giving the US minted ATBs is completely unwarranted. In fact it is my opinion that the US Mint is light years behind the quality of 5 oz coins. Other countries have been minting 5 oz coins for many years now and have a much more professional look to them.
Looking at sales of foreign 5 ounce coins some do carry a large premium, who are you trying to kid?
The ATB coins will be issued at bullion prices next year so 2011 sales will be higher, now lower. If sales are higher then more will want the 2010 coins, this isn't rocket science.
You are also comparing 5 ounce coins issued as proof coins vs. these that are in the bullion network. Look at silver eagle bullion sales vs. the proof collector sales, the bullion far surpasses those.
Just wait and see, next year you can thank those of us that have tried to help you out.
ROFLMAO try to give the facts. Not the maybes. I have been collecting 5 oz coins and medals long enough to know what these coins will do in the future. Your only trying to help out your greedy pocket not the collector. So tell someone who will believe your maybe or could be stories. I already have a set of these ATB coins. And believe me when I say this. These coins are in much need of a better obverse design and much more precision in the striking process. These coins are on the bottom of the list in quality when I compare them to my other 5 oz coins and medals. Even my 5 oz Mexican bullion pieces put these to shame in quality.
China panda 5 ounce silver coins can be found here:
http://www.apmex.com/Category/4/5_Ounce_Silver_Chinese_Pandas.aspx
They are completely sold out except for the 1988. One 1988 5 ounce coin is listed at $629 (extrapolates to over $3100 for 5 5 ounce coins)
The 1988 commemorative 5 ounce coin runs $2295 for ONE COIN!
You can do a search on the bay for Panda 5 ounce coins. There are two completed listings; one for $775 and another from a different year for $400.
Nice comps, thanks!
When I compare a American Silver Eagle proof to an american silver eagle bullion coin, man what a difference! There is much more precision in the striking on the proof. Amazing....who'd of thought a proof coin could be so much different than bullion. :-S
What you are clearly underestimating is the strength of the US bullion network to sell coins, a network that pushed out over 30 million silver eagles this year alone.
It will not be about how many ATB 5 ounce coins they can sell, it will be more about how many can the mint issue to the distributors. Expect sales to be over 100,000 per coin next year, the coin designs will get better and the mint will be putting in much more detail into the coins.
As sales ramp up fewer can collect past issues like the rare 2010 coins, you will see. You can thank us later.
Gee - I have nothing to do and don't know what to do with myself. I say, let's tear into the mint and Mr. Moy.
There are COLLECTORS who really appreciate what the mint makes and they purchase for reasons such as history, technology, art, and theme. They are not concerned with ROI. I happen to be one of the many. We are not vocal but then we are not empty vessels.
"who'd of thought a proof coin could be so much different than bullion."
At least you admit that these ATBs are inferior to a proof. With all the hype given. One would swear that you were trying to make them worth more then they actually should be LOL.
The APMEX price on the Chinese coin pretty much says it all about how they felt about the quality of the ATBs.
My point should be well taken now on the value and the quality of these ATBs.
I love it when the fishing hook is swallowed. Great examples guys. LOL
I can tell you don't own a set of these coins because these bullion ATB 5 ounce coins were issued in a proof strike. I have a set already and am not selling for these low prices.
In appearance they are excellent, much better than I expected. Nobody that owns them is complaining.
You obviously do not read the blogs or maybe you just chose to not read the many complaints on the quality of these ATB coins. I do own a set and as I said before. They are on the bottom of the list in quality when compared to my other 5 oz coins which I own many of. Your obviously not within the small collector base of 5 oz coins or you would know the difference in quality.
The quality doesn't matter, it will only make those coins in the top grades sell for very high premiums. And the quality will improve next year and the year after, that is what matters.
How did you get a set if you were not willing to pay over $880 a set? Did you order from APMEX at their $1400 price?
Just because a coin is a proof coin does not make it more valuable. If someone believes that then they do not understand the effects of supply and demand, nor are they familiar with the coin industry. Modern silver commemoratives are a prime example. The uncirculated versions of many coins sell higher than their proof counterparts in the aftermarket. Need examples?
"I have a set already and am not selling for these low prices."
You probably already sold your set and ripped someone off. You sound kind of guilty to me. Don't let the guilt eat you up LOL. Anyone that calls the current prices low has to really do a reality check. Because the current prices will be the highest these sets will ever go. That you can count on as soon as the hype is gone.
If you bought the set at 879.99 you did as good as you should have on this set. Congratulations !!!! LOL.
I love it when a fisherman loses his fish with an audience.
"The uncirculated versions of many coins sell higher than their proof counterparts in the aftermarket. Need examples?"
You missed my point, the mint could have done these 5 ounce coins in the same bullion finish as the silver eagles but these coins would not have been as spectacular. They are giving us proof coins at bullion prices, understand now?
I thought so, no answer to my question on how you bought your set. Funny you complain about the prices but paid them yourselves. I guess you expected me to give you my set, Lol.
The quality doesn't matter, it will only make those coins in the top grades sell for very high premiums.
So that means that the in the click graders will be able to really rip people off with a plastic slab that will show a scuffed up coin as a 70 grade.
The times are coming where people are going to wake up to all these scams out there. Then we will see collecting return to collecting for something more the ripping off collectors for profits the collectors will never recover from.
I sure hope those times come sooner then later. Because I am fast seeing more and more scumbags out there out right lying to the public to profit off of their ignorance.
Actually I am headed off fishing now, funny at that. The conditional rarities in this set will sell for far more than current prices, especially the First Strike and Early release coins.
Good luck with your foreign coins though, maybe someday Mexico will get more than ten coin collectors.
I thought so, no answer to my question on how you bought your set.
I bought the set from APMEX at the price they wanted. I thought it was a fair price for 5 5 oz bullion pieces. The prices I am referring to as a rip off is the price of anything over 1500.00. These coins do not deserve anything over that kind of premium. Get it now.
They are giving us proof coins at bullion prices, understand now?
It sounds like we crossed postings and we are on the same side of this argument. I believe these coins are well underpriced at 879 and are worth far more based on their scarcity and uniqueness. Whether they are worth 3000+ is another question...the market says they are if they continue to sell at that price, but I personally would not pay that much at this time.
I think the market is based on ebay related sales which was set high right out of the gates by those looking to do the true gouging.
I think APMEX was right in tune with what these sets should have sold to the public and dealers for. I place a lot of the blame on the US Mint for trying to interfere in private business practices.
I would have gladly paid the original APMEX price and would have been happy with my purchase even though I was not very pleased with the quality. hind sight being 20/20 I'm happy that I only paid 879.99 now.
But to pay the high prices that were started by the truly greedy gougers on ebay is unjust and only puts a bad mark on collecting as a whole.
Many dealers I know and myself got screwed only being able to buy one set. All the dealers I know would have had a low enough mark up on these sets that they would have been affordable for all.
The problem lies with the non dealer flippers who are only in it for the money and could care less about the collectors who return for more business because they feel like they were treated fairly.
"I think the market is based on ebay related sales which was set high right out of the gates by those looking to do the true gouging."
The price is set by the buyer, not the seller on ebay. It's an auction. If the price is "too high" there would be no bidder. Ebay is the truest sense of a market. The seller does not decide on the price of a completed sale, only the buyer can do that.
"maybe someday Mexico will get more than ten coin collectors."
Your arrogance only shows you true ignorance in collecting. You obviously do not have the knowledge in anything other then American coins. That is your loss as my collection is full of many beautiful low mintage world coins worth more then many of your worthless American coins.
When your out fishing you may want to make sure it's not in one of the across the Mexican border lakes. I heard many Americans have turned up missing fishing there. In your case it would be no big loss.
It would only mean one less arrogant flipper looking to ruin coin collecting.
"I heard many Americans have turned up missing fishing there. In your case it would be no big loss."
You gotta to love the love amongst bloggers on here. True class!
Oh my, oh my, imagine one day the topic of discussion will not be 5 oz ATB bullion.
"The price is set by the buyer, not the seller on ebay."
How wrong you are. In the first day of the ATBs hitting ebay. The buy it nows were set at well above any reasonable price by many in the business that always start out with outrageous pricing. In fact the pre sales were set at extremely unwarranted prices as well. These are called false trend setters. It happens on almost every US Mint issue in case you have noticed by now. So ebay is the worst place to go for true values. ROFLMAO. The buyers set the price YEAH RIGHT !!!! Then you woke up and saw god.
"Buy it now" does not mean it sold, it took a willing buyer. You really don't understand a market. It takes a seller and a WILLING BUYER. Gouging only applies if the product being sold is a necessity of life....like water, food, medicine, etc. This is not a necessity of life, it's a coin.
"Oh my, oh my, imagine one day the topic of discussion will not be 5 oz ATB bullion."
I don't think the topic would be so heated if the APs would comply and there were fair prices given on these ATBs.
The US Mint should have butted out and let the market do it's thing. Now the APs are doing all they can do to make up that profit even if it means screwing the public.
I cannot believe how some posters talk to one another on here. Remember "The Golden Rule"? What has happened to some of you? Is the joy of collecting dead in you?
The highest price for a completed sale on ebay started with a bid of 99 cents and was bid up by BUYERS to a final price of $3101. The seller had no choice but to sell at $3101. He tried to sell the coins at 99 cents, but the buyers wouldn't let him, they kept bidding it up. Is that gouging by the seller???
"Buy it now" does not mean it sold, it took a willing buyer. You really don't understand a market. It takes a seller and a WILLING BUYER. Gouging only applies if the product being sold is a necessity of life....like water, food, medicine, etc. This is not a necessity of life, it's a coin.
DUHHH DUHHHHH !!!! When there are only 13 on the first day.And all are priced outrageously. There will be 13 idiot buyers. This in no way shows a trend. Necessity or not. Until there are 1000 or more sets sold there can not be a true trend set. Since there were 1000 APMEX sets sold at 1399.99 then that is a trend. Anything over that is a farce and filled with nothing but hype.
He tried to sell the coins at 99 cents, but the buyers wouldn't let him, they kept bidding it up. Is that gouging by the seller???
No that is a bunch of idiot buyers fighting over a set that they will never recover the loss from.
2:04pm...who decided 1000 sets was a market....why not 671 or 87 or 25000? Who died and made you market maker?
It could also be shill bidding which happens quite a bit on feebay by sellers looking to increase pricing on items that are not deserving of the actual value. Happens every day. Never discount the possibilities of the truly greedy ones. It's all to easy for anyone to agree to end an auction without having to pay the fees. These are tactics that are almost impossible to prove but happen all the time concerning the over pricing of new products on ebay.
Free markets confuse and scare some people it appears.
If you refer to ebay as a free market then you obviously have very little education on how ebay works and how many shenanigans are done on ebay because of ebays inability to police their fair trade practices.
Right now ebay is one of the only markets or guages we have that is real time. Nothing is perfect, nobody forces people to bid or buy. Maybe the mint/government should set prices on everything.
On a different note... any thoughts on the Mary Lincoln First Spouse coin. I'm undecided. I kind of like it but feel my money could be better served elsewhere.
If you like the Mary Lincoln coins and can afford them, then you might consider buying them.
However, if you're considering buying them for future appreciation, I don't look for those coins to have as big a premium as some of the others. This is simply due to the fact that the acquisition cost is higher and they will most likely sell more copies. The limit is higher, and being a Lincoln item there will be some buyers who did not buy the previous coins in the series. The lower-mintage 2009's have the advantage of less supply and lower acquisition costs.
If the price of gold continues to climb as always seems to be predicted, even the Mary Lincoln coin prices might look like a bargain. I wish I had a crystal ball, but that obviously is not an option.
Always buy first and foremost what you like and can afford. It's pretty risky chasing fads trying to hit on the next "sure thing." You can tie up or lose a lot of money that way.
Hey, where is the annual Uncirculated $1 President set? I don't see it listed. Surely that have not killed that one also.
Muwawawahahah!muwawawahahahha! Muwahahahahahajaj! I am the evil flipper. I follow coin trends and new issues and look for the most profit so that i may reinvest in better coins and opportunities! I use my brain and do research and use psychology to maximize profit which i use to buy coins i really want! I will wait for the lowest prices to buy and highest prices to sell and keep the best coins FOR ME !!!! Muwahahahahah muwahahahajaj!!!
Dog gone it ! Reckon the UN-circulated $1 President set is being discontinued? I have been getting those since 07. They are great for the grandchildren to learn about our history. Darn !
Evil Flipper, you rock!
The rest are just a bunch of socialists.
or just anti-capitalists (being one doesn't mean you're the other).
Did I just see someone compare Franklin Mint coins to a government issued coin? As examples of 5 ounce coins for other countries, you gave the example of FRANKLIN MINT??? Are you serious??? I smell a troll.
EVIL FLIPPER, love the maniacal laugh!!!
HEY ALL YOU RICH
BABY BOOMERS!!
ATB 5 oz silver Excellent Designs!!
2010 (no mint mark) on sale now
2010-P (num version) on sale later
With their rare availability the 2010 no mint mark will probably be the KEY to the whole set!!! The 2010-P version will have less value since you can buy it dir. from the Mint.
HEY, I'm not a rich baby boomer, but I will try to buy JUST ONE 2010bullion no mint mark ATB any design as soon as I can, holmes!!! The buyers DON'T want to sell them!!! They are going fast!!!
To balance, I will give some cash to the homeless people down my street, they need it more than me.
I guess even the idiots come here as the proof is clear in the ignorance displayed by these flippers. happy New Year to all.
"HEY ALL YOU RICH
BABY BOOMERS!!
ATB 5 oz silver Excellent Designs!!
2010 (no mint mark) on sale now
2010-P (num version) on sale later
With their rare availability the 2010 no mint mark will probably be the KEY to the whole set!!! The 2010-P version will have less value since you can buy it dir. from the Mint."
This in it self is what has gone wrong with coin collecting. It's idiots like this that coin collecting can do without. Happy New Year and I hope this coming year comes with less idiots in our hobby.
There is only one AP that has sold to the public. The others are not going to. They all have their coins in hand and are sitting on them. They will sell to "Established Dealers". This is going to remain ugly and prices will remain high.
APX was the dog, now they're the hero. Thank you Mint and thank you APX.
CoinVault seems to have an endless supply of ATB coins, already graded and ready to go. They make EBay prices seem like a bargain of course..
It looks like 85 sets have sold on ebay the past couple of weeks ranging from $1500 to $3000 with the higher prices coming more recently. 80 out 0f 33,000. Once these start getting out in bigger quantity, the price is going to head straight down. Congrats to the flippers. For those who really want them (not just to flip them), be patient.
check out hsn...home shopping network...item # 117-293..selling pucks for $4800.00
Believe me these will not be sold to the public...way to much money involved now.
www.mintproducts.com have the 5oz ATB ready to ship,priced at $2,999.99
I'm in for the 2011 MOH commem, which is the best design I've seen in years
I'm wondering if the APs have collectively decided to thumb their nose at the Mint and will distribute these as they please. The Mint can't suspend all APs because then there won't be anyone left to distribute the Mint's other bullion coins.
Just called the Mint today and they confirmed that the AP's are selling 1000's of ATB 5oz silver coins to HSN (Home Shopping Network). How come they can get 1000's and we on the West Coast can't even get one set? What happened to the "One per household limit"?
HSN should be considered 1 household !! What happened US Mint ?? These APs have broken your rules bigtime. What will you do about it ??
Where is the 2011 Presidential $1 Uncirculated Set? Is it being discontinued or was it left off by mistake?
does anybody know the release date for 2011 5 oz silver thru the us mint
I am starting to wonder when these 5oz collectors version from the mint directly will be available? I tried calling every single ap of the mint with no lunck....hawk eyed their site but apparently they sold them while never being made available for purchase to regular public. The schedule from the mint of 2011 doesn't even mention the ATB 5oz or mentions TBD so how do we know??????
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