2010 ATB Silver Bullion Update
More authorized purchasers have made their 2010 America the Beautiful Silver Bullion Coins available for sale. Because of the US Mint's terms and conditions for the distribution of the coins, pricing is below melt value.
A few weeks ago, I provided information on some AP's selling their allotments through relatively accessible means. This time around, the order process is more complicated or restricted, but I wanted to present the information for any interested readers.
Dillon Gage had previously indicated that their allotment was sold out. However, a few days ago, they announced that they had a "limited quantity" available. This may have been due to some of the original orders being canceled as duplicates or for other reasons.
Five coin sets of the 2010 America the Beautiful Silver Bullion Coins are available for $937.00 including shipping and handling, or $1,025.00 for Texas residents.
Unfortunately, their ordering process is not very easy. A form must be completed, signed, and returned. Then, payment must be sent by bank wire only, presumably before any confirmation of order acceptance is provided. Sending funds via bank wire generally involves physically going to the bank and may incur a fee.
You can find their order form here.
APMEX has made their remaining allotment available, but only to certain people who have been selected to receive the opportunity to purchase them.
According to emails sent by APMEX, there were 18,000 requests to order the coins. They selected 3,500 email addresses and provided these people with the opportunity to purchase one of 3,100 available sets. The coins are encapsulated in PCGS "Choice BU" holders and priced at $959.95 per set if paying by check or wire, or $988.75 for payment by credit card. For the group of selected email addresses, orders must be placed by April 15, 2011, midnight CST.
Their product page can be found online here. As mentioned, only those 3,500 people selected by APMEX can place orders. A reader whose email was not selected reported that the order cannot be completed at step 2 of the checkout process.
Continuing the theme of complicated ordering processes, another reader mentioned that Prudential is accepting orders for 5 coin sets at $862.70.
In order to attempt to purchase the coins, an account agreement form must be completed, a W-9 must be completed with a social security number, and a copy of a government issued photo ID must be provided. These forms and documentation must be sent along with a check to the New Accounts Department where it will be reviewed.
If your order is accepted, the coins are not immediately shipped to you. Rather they are held at Diamond State Depository, a separate company where you will need to open another account. Once this account is open, you can have DSD continue to store the coins for you or arrange delivery. Either option will involve fees, which are unspecified.
If anyone is willing to put up with all of that, the order form and further information can be found here.
Labels: America the Beautiful Quarters