Mint News Blog

News, Information, and Commentary on US Mint Products

Wednesday, April 27, 2011

2010 Hot Springs National Park 5 Ounce Silver Uncirculated Coin

Tomorrow April 28, 2011 at 12:00 Noon ET, the United States Mint will begin sales of the 2010 Hot Springs National Park 5 oz. Silver Uncirculated Coin. This is the first numismatic version of the America the Beautiful Silver Bullion Coins to be released.
The coins are struck in 5 troy ounces of .999 fine silver and have a diameter of 3 inches. The weight and fineness are indicated on incused edge lettering. The designs for the coin are identical to the circulating quarter dollar and the previously issued 5 oz silver bullion version.

These numismatic versions carry the "P" mintmark for Philadelphia and feature a brilliant uncirculated finish. The coins are encapsulated and placed in a presentation case with a certificate of authenticity. The mintage is limited to 27,000 coins, which is less than the 33,000 mintage for the bullion version.

The price for each uncirculated 2010-P Hot Springs 5 oz. Silver Coin will be $279.95. This represents a premium about $46.35 or 19.84% above the metal value based on a silver price of $46.72 per ounce.

Notice of the product pricing was officially published on April 18, when the market price of silver was less than $43 per ounce. As the price of silver subsequently moved towards $50 per ounce, there was some speculation as to whether the US Mint would be forced to increase the product price. However, so far, there has been no indication that the price of $279.95 will be changed.

The US Mint will impose an ordering limit of one coin per household. This limit will remain in place for at least the first week of sales, after which point it may be extended, increased, or removed.

With a limited mintage and considerable interest from collectors. A sell out is widely expected. The main question is how long will it take?

The last rapid sell out for a "one per household" US Mint product was for the 2009 Lincoln Coin and Chronicles Set. This product was limited to 50,000 units and priced at $55.95 each. By 5:00 PM ET on the first day of availability, the US Mint had sold 29,919 sets. It took until the following day at 6:00 PM ET (30 hours of availability), for a complete sell out of all 50,000 units.

The product page for the 2010 Hot Springs National Park Five Ounce Silver Uncirculated Coin can be found on the US Mint's website here. Ordering options will not be available until the official start of sales tomorrow at 12:00 Noon ET.

2011 America the Beautiful Silver Bullion Coins

Earlier this week, the US Mint made the first two designs of the 2011 ATB Silver Bullion Coins available to authorized purchasers. The bullion releases for this year will have significantly higher mintages than the previous year. The initial mintage level has been indicated at 126,500 for each of the first two designs, with a goal of maintaining at least this minimum mintage level for the following three designs.

On the opening day of availability, US Mint authorized purchasers placed orders for 153,400 coins. Each authorized purchaser was limited to a specific allocated quantity and could only purchase the 2011-dated bullion coins if they certified that all prior year coins were sold in accordance with the special terms and conditions imposed.

Labels:

231 Comments:

At April 27, 2011 at 11:30 AM , Anonymous Anonymous said...

To buy or not to buy........

 
At April 27, 2011 at 11:34 AM , Anonymous Anonymous said...

Here we go again .....

 
At April 27, 2011 at 11:43 AM , Anonymous Anonymous said...

Michael, thanks for posting the information on the rate of sales for the Lincoln Coin & Chronicles set. That tells me to be prompt tomorrow if I want to get one.

 
At April 27, 2011 at 12:05 PM , Anonymous Anonymous said...

I wish they would have offered the coin for sale earlier when they still had the silver proofs available. I was waiting, hoping to save on shipping. Now all proof sales are suspended. I wonder if selling one coin at a time was a play to ride the wave of rising spot prices? They are going to have to offer more than one a month if they are going to get through all 2010 and 11 coins this year. That is a lot of shipping charges for collectors.

 
At April 27, 2011 at 12:19 PM , Anonymous Anonymous said...

The data on the LC&C is very interesting. Nearly double the quantity and 20% of the costs of the ATB UNC, yet it still took longer than 24 hours to sell out. And Lincoln products almost always garners a high level of interest.

Conversely, keep in mind that when the First Spouse Program started in 2007, the initial issues of 20K PR and 20K UNC Washington coins priced at approx $450 each sold out in 3-4 hours. Granted, a lot of that was due to the secondary marketeers buying bulk quantities, and the level of interest hasn't been the same in the 4 years since.

Although I am expecting the worst from the Mint's e-commerce site on Thursday, I am hopeful to purchase one - and only one specimen - solely for me as a numismatic collectible.

Come Thursday night, thought, I'm sure we'll see several people bragging about how they acquired 5 or more pieces through their Friends, Family and Pets plan, while other true collectors will go without.

 
At April 27, 2011 at 12:22 PM , Anonymous Anonymous said...

With the bullion 5 ounce mintages increasingly so dramatically my excitement and enthusiasm for collecting a complete set has been significantly decreased, thus I will probably simply keep my one set of bullion 5 ounce coins, and forget about the rest of the set. However, I am going to compliment the bullion set by purchasing (I should say ("hopefully purchasing") one of each of the low mintage numismatic coins. But I also feel that ff the mintages increase dramatically on the numismatic 5 ounce coins, I will probably stop acquiring them also.

Does anyone else feel the same?

TMM

 
At April 27, 2011 at 12:36 PM , Anonymous Anonymous said...

Just a quick FYI.. I received an email from a distributor of NGC graded coins. They are looking for 400 people to buy the coin for them.

The main part of the email is below:

We are in need of several hundred of these, and as we have done in the past are willing to pay a premium for you and your friends and family to buy them for us. We will pay $330 each for the first 400 commitments we receive. We will also add another $25 for USPS express mail shipping and insurance so that you can overnight the coin to us when it arrives. If you are interested in this opportunity, please respond to

Interesting...

 
At April 27, 2011 at 12:42 PM , Anonymous Anonymous said...

Your comment about NGC puts them in a new light in my eyes.. What a crock.. but I guess there is nothing to stop them.

 
At April 27, 2011 at 12:48 PM , Anonymous Anonymous said...

This article was posted to Coin World earlier this afternoon:

http://www.coinworld.com/articles/mint-warns-of-likely-hot-springs-order-proble/

Indicates that the Mint is anticipating problems with their website and asks people to be patient. In checking the Mint home page at 3:35 PM (EDT), I didn't see the warning listed anywhere. Makes sense, though; we know it's coming!!!

The article says the Mint is planning to upgrade the system in 2012. If the Mint had taken the effort associated with the "re-branding" and applied it to the eCommerce system, the upgrades already would be in place, customer satisfaction would be a little more positive, and they probably wouldn't need the ugly, wasteful re-branding!!

 
At April 27, 2011 at 12:51 PM , Anonymous Anonymous said...

For 12:42 PM. Read carefully!! The reference is to a "Distributor of NGC Graded Coins."

I received the same email ealier today. Definitely NOT from NGC.

 
At April 27, 2011 at 12:58 PM , Anonymous Anonymous said...

Where's Pop Pop boy when you need him most?!

Gold +22.80 $1530.90
Silver +2.58 $48.20

It's just the beginning boys! Let the good times roll!

 
At April 27, 2011 at 1:00 PM , Blogger Mint News Blog said...

"Your comment about NGC puts them in a new light in my eyes.. What a crock.. but I guess there is nothing to stop them."

This doesn't reflect on NGC at all. This is a dealer who sends coins to NGC to be graded. Individuals can also send coins to NGC to be graded. There is no "distributor of NGC graded coins".

At least two modern coin dealers have offered immediate premiums for anyone wishing to resell the 2010-P Hot Springs 5 oz. coins to them. One has offered $330 plus shipping. Another has just offered $360 plus shipping.

This has happened in the past for US Mint products that are limited to one per household, since dealers also can't buy more than one from the Mint.

 
At April 27, 2011 at 1:06 PM , Anonymous Anonymous said...

Day light scamming, and it's legit since it is in broad daylight! A fool and his silver are soon parted!

 
At April 27, 2011 at 1:26 PM , Anonymous Anonymous said...

Just got an email from A-Mark offering the two 2011 ATB 5 oz. for $629.99 slabbed. Why would anyone want bullion slabbed, it already takes up enough room? And I collect bullion, not plastic.

 
At April 27, 2011 at 1:30 PM , Anonymous Anonymous said...

I'll give it a try ordering, but not going to waste too much time. These are supposed to be bullion, and I already got a few bullion sets. We don't even know if they are going to continue numismatic versions or if it was only due to the productions problems last year that they did this. Wouldn't be surprised if they don't sell out for a few days. Some APs apparently had trouble selling their bullion versions at under melt!

 
At April 27, 2011 at 1:36 PM , Anonymous Anonymous said...

1:30

smoke another one!

 
At April 27, 2011 at 1:42 PM , Anonymous Anonymous said...

APMEX took the two 2011 5 oz ATB off their website. I hope they will have a price set up for them soon.

How much would you pay for a 2011 5 oz ATB bullions?

I'm looking at price of 275-290 each is alright.

 
At April 27, 2011 at 1:48 PM , Anonymous Frank said...

APMEX charge $6.99 over spot per silver eagle if you buy 5. At $48 per oz., this would equate to 5x$48 + 5x$6.99 = $275.
This is assuming they won't charge more - which they will...
One clown on fleabay wants $400 for one 5oz coin!

 
At April 27, 2011 at 1:57 PM , Anonymous Anonymous said...

153,400 5 ounce coins is about $34 million dollars worth of silver. Not bad for the opening purchase.

 
At April 27, 2011 at 1:59 PM , Anonymous Anonymous said...

I get ASE for $4 over spot for tubes of 20 from my local coin shop.

On a side note, I received an e-mail from CNT stating my ATB set shipped Regsitered Mail along with a tracking number today.

 
At April 27, 2011 at 2:01 PM , Anonymous The Dude said...

Silver is the ticket Dudes! Count me and my dog Little Dude in for 2!

 
At April 27, 2011 at 2:18 PM , Anonymous Anonymous said...

My america the beautiful 5oz coins have been shipped by CNT.

 
At April 27, 2011 at 2:22 PM , Anonymous Anonymous said...

These coins will be gone within 2 hours.

I'm actually NOT looking forward to the Mint upgrading their website to better handle heavy traffic. I have security in knowing that when I'm having trouble placing an order, everyone else is too. If the site works like it should, sellouts could happen in a matter of minutes, not hours.

In the world of a properly functioning website, I'm afraid that I might find myself getting shut out of rare, hot items a lot more. Just a thought...

 
At April 27, 2011 at 2:42 PM , Anonymous Anonymous said...

You can call in your order at the mint.1-800-872-6468

 
At April 27, 2011 at 2:47 PM , Anonymous Anonymous said...

Anonymous said "My america the beautiful 5oz coins have been shipped by CNT."

ME TOO!

 
At April 27, 2011 at 2:48 PM , Anonymous Anonymous said...

You see people, the lot of you thought CNT took your money and ran! Relax, all is well.

 
At April 27, 2011 at 2:54 PM , Anonymous Anonymous said...

I've never once been able to get through on the phone to place an order at the time a hot, limited item goes on sale. Not even once. Every single time it always goes to an automated voice that simply says "we are unable to answer your call right now." It doesn't even let you go on hold!

No, the only way to go is to place your order online. I've never not been able to buy something I wanted when being there at the start of the party and persevering until the order is placed. It's taken anywhere from 20 minutes to over an hour before, but I always get the product in the end.

 
At April 27, 2011 at 2:56 PM , Anonymous Anonymous said...

I am excited and stressed for tomorrow. I am a physician and have a full schedule in the clinic tomorrow. Have to find some time to sit in front of the computer. But it is kind of exciting like modern Wild Wild West. I love this site, all the best to everybody I hope all the collectors get one each. I don't blame the flippers they are the people I have to look for if I do not get one tomorrow.

 
At April 27, 2011 at 3:01 PM , Anonymous Anonymous said...

I'll bet the site jams before high noon!
I NEVER got through on the phone during a sell-out type item!

 
At April 27, 2011 at 3:12 PM , Anonymous Anonymous said...

Does it help to create a user account at the mint to order?

 
At April 27, 2011 at 3:13 PM , Anonymous Anonymous said...

APMEX has pulled their ATB 2011 coins off their site Both coins had alert me and now they are gone.

 
At April 27, 2011 at 3:23 PM , Anonymous Anonymous said...

You will have to create a user account to buy from the mint.

 
At April 27, 2011 at 3:44 PM , Anonymous Anonymous said...

Ben Benanke said "Bond Buying" will end in June... But what was he really saying? Interest rates will be going up in June and commodity prices may go down.

You heard it hear first.

The Mint should make a new coin to honor the Central Bank with an image of Benanke on it. Perhaps it would become known the Central Bank "fools gold" coin.

Sell.

Olive Oil

 
At April 27, 2011 at 4:00 PM , Anonymous Anonymous said...

oil:There will be more easing after june, you heard it here first.

 
At April 27, 2011 at 4:06 PM , Anonymous Anonymous said...

Let's see. $279.95 x 50 = $13,997.50? Holy moley! Uhh...any chance the US Mint can make this series in .999-fine zinc instead?? :-(

 
At April 27, 2011 at 4:23 PM , Anonymous Anonymous said...

"Let's see. $279.95 x 50 = $13,997.50? Holy moley! Uhh...any chance the US Mint can make this series in .999-fine zinc instead?? :-("

If you are referring to the ATB series, your multiplier should actually be 56. In addition to the 50 states, there will also be coins for D.C. and the territories for a total of 56 ATB quarters. If you assume $279.95 per coin (not likely as the price will change over time), then it's $279.95 x 56 = $15,677.20. That's even worse than you thought, eh? But, your point is well taken.

LL

 
At April 27, 2011 at 4:56 PM , Anonymous Anonymous said...

Bernanke is just trying to prop up the value of the dollar as we face bankruptcy. He can't raise rates, and he did not announce plans to pull back the trillions in fake money he created, so ending bond buying makes little difference. Ride the PM wave a little longer!!
Mr. Physician: At least you can afford to pay a flipper $500 or whatever if necc.

 
At April 27, 2011 at 5:02 PM , Anonymous Anonymous said...

"Let's see. $279.95 x 50 = $13,997.50? Holy moley! Uhh...any chance the US Mint can make this series in .999-fine zinc instead?? :-( "

That total is over a 10 year period. If prices were to remain the same over the entire series run, that comes out to about $120 a month. I don't consider that out of reach for many. People spend that on their montly coffee fix. There's choices to be made in life.

 
At April 27, 2011 at 5:19 PM , Anonymous Anonymous said...

Apmex selling 2 coin sets of 2011 5 oz now if you signed up for an alert....limit 100 2 coins sets.....comes in mint tubes if you buy 10!

 
At April 27, 2011 at 5:30 PM , Anonymous Anonymous said...

I wouldn't go crazy buying these 2011 bullion coins right now. I am buying ONE and only one bullion set for 2011 at this time. I think we'll see lower silver prices later this year and these 2011 bullion coins will not sell out. Last year, those that acted quickly got the rewards. This year, patience will be the game.

As for the 2010 numismatic version, I'll be there at 12:00:01 tomorrow trying my hardest to buy. I hate to think I have to do this five times over several weeks/months to try to get one set of 2010s. What a pain!

 
At April 27, 2011 at 5:53 PM , Anonymous Blackcamel said...

Here's the e-mail I got from APMEX

Because you have previously purchased or signed up for an "Alert Me" notification about the America The Beautiful coins, we have selected you to participate in a special promotion. For 24 hours we are giving you the first opportunity to purchase the NEW 2011 Gettysburg & Glacier Silver Two Coin America The Beautiful Sets before we offer them to the public. We are offering these coins to you for as low as $5.99 per oz. over spot!

These extremely popular bullion coins are the first two America The Beautiful coins to be released in 2011. They will only be sold as a set and will not be available individually. Orders of 10 or more will come in mint-issued tubes. Orders of 100 or more will come in mint-issued monster boxes.

These "large format", five ounce .999 fine Silver coins are minted in the same design as the popular America The Beautiful quarter series. One side features a prominent national park design and the opposite side features founding father George Washington. The parks featured in this set are The Gettysburg National Military Park and The Glacier National Park.

Buy your 2011 Gettysburg & Glacier Silver America The Beautiful Two Coin Set today before it's too late and you miss this unprecedented opportunity! Hurry, because these popular coins won't last long. Your order will ship on or before May 20th, 2011.

 
At April 27, 2011 at 6:06 PM , Anonymous Anonymous said...

You had to post the entire e-mail? I think an earlier post about it was sufficient.......

 
At April 27, 2011 at 6:19 PM , Anonymous Anonymous said...

APMEX - same damn thing they did with the first round of 5 oz bullion: ignored their customers' single "Alert Me Nows" while they sold the 5 coin sets.

Apparently, if you signed up for the 2011 Alerts, they have sent out an email letting you know about the format change and the availability. If not, here is the unpublished link to their revised 2-coin set:

http://www.apmex.com/Product/61945/2011_Silver_5_oz_2_Coin_Set_Gettysburg__Glacier_ATB_May_20th.aspx

Currently over 10K 2-coin sets in stock. $574 for wire transfer & $591 for credit cards. $20 for S/H. In the end, approx $60/oz.

Given the increased Pops, maybe a little steep out of the gate. I may wait for the dust to settle.

 
At April 27, 2011 at 6:24 PM , Anonymous Anonymous said...

APMEX...the price for the 2011 ATB 2 coin set is 601.01 inc/shipping if you pay by credit card. Discounts are given for higher volume purchases.

You can buy the 2010 coins for that price...and with a mintage of 126,500 per coin for the 2011's, I think I'll stick with the 2010's.

Also, this makes the Mint's price for tomorrow's Hot Springs coin all that much better of a deal...I can't remember the last time(if ever) it was cheaper to buy from the Mint!!

 
At April 27, 2011 at 6:25 PM , Anonymous Anonymous said...

The address didn't text wrap, but it's all there. Also copied in below w/some carriage returns.

http://www.apmex.com/Product/
61945/2011_Silver_5_oz_2
_Coin_Set_Gettysburg__Glacier
_ATB_May_20th.aspx

 
At April 27, 2011 at 6:32 PM , Anonymous Anonymous said...

What is a "typical" premium over the spot price of silver to pay? If you buy one 2 coin set from APMEX, based on the ask price of silver they are charging a premium of $8.99 per oz.

I know the obvious answer is that it will depend based on demand, but is the $8.99 per oz. thought to be low, in the ballpark, high, or very high?

Thanks.

 
At April 27, 2011 at 6:34 PM , Anonymous Anonymous said...

Could the Mint change the price even at this late hour? Silver is back over $48/oz. at the time of this writing. Do you think they would revise the price prior to the start of sales? They did say the price was "subject to change."

 
At April 27, 2011 at 6:39 PM , Anonymous Anonymous said...

6:42 PM - No Lie about the Great Deal from the Mint when you consider the quality of the UNC coin and today's spot prices. Given that they pressed these coins with silver blanks bought in 3rd quarter 2010, they're doing alright.

Does make one wonder though, "Will they hold those same margins on the 4 remaining, 2010 issues??" Hmmm - indeed. And what of the costs and margins for the 2011 issues? Probably $350 each.

 
At April 27, 2011 at 6:49 PM , Anonymous Anonymous said...

6:32 PM - Margins will depend on coin types, quantities and demand.

In this instance, the APs are paying the Mint a fixed margin of $2/oz over spot at delivery. Upon receipt, they add their sales margin and vary it based on some or all of the criteria listed above, as indicated in their "volume" pricing.

 
At April 27, 2011 at 6:56 PM , Anonymous Anonymous said...

Is it reasonable?? Really depends upon the individual and what they "think" is reasonable. Risk vs Reward; will silver pass $60/oz?

Like 1-2 posters have already said - given the increased pops in 2011 and the volatility of Silver, might be able to wait for some lower costs. Also keep in mind that several other APs have indicated that they will continue to sell directly to the public.

 
At April 27, 2011 at 7:34 PM , Anonymous Anonymous said...

The bullion ATBs are supposed to be a more economical alternative (cost per ounce) to the ASEs. The APs seem to be treating these as collectibles, and some of the APs are now trying to get into the graded coin market. I'm sure this is not what the Mint wanted when they came up with the idea for these five-ouncers.

I'm waiting until the price is more reasonable. With mintages of over 125K each, it's only a matter of time.

 
At April 27, 2011 at 8:46 PM , Anonymous Anonymous said...

Luckily my boss is on vacation so I have no fear of Internet usage during work hours tomorrow! Although one girl said she'd rat me out for looking at coins as if she doesn't spend all day on Facebook when he's not around.

Good luck to all. I'm feeling lucky. I got one of the e-mails to buy the ATB set from APMEX as well as landed a live person when I called CNT.

Going for the hat-trick!

 
At April 28, 2011 at 3:08 AM , Blogger Hidalgo said...

Hi Michael,

Is there a reason why the law states that these special coins have to be FIVE ounces of silver? What an odd number of ounces - why not one ounce? Two ounces? Or even four ounces (1/4 pound)? Five ounces simply does not make any sense.

Do you know the reason?

 
At April 28, 2011 at 3:18 AM , Blogger Hidalgo said...

"Let's see. $279.95 x 50 = $13,997.50? Holy moley! Uhh...any chance the US Mint can make this series in .999-fine zinc instead?? :-( "

The $279.95 dollar value that you quote is the cost as of this writing. Silver is currently overpriced and is certainly not rare. It is widely used and available throughout the world. People will eventually realize that. When the price falls, it will be much more affordable to collect the whole set of 5 ounce US Mint coins.

I personally have no desire to collect the entire set. I have been investing my money in mutual funds. In the past two years, my investments have DOUBLED.

 
At April 28, 2011 at 6:32 AM , Blogger Mint News Blog said...

The specifications for the coins were included in the authorizing legislation. The bill was introduced by Rep. Michael Castle, passed by the House of Representatives, passed by the Senate, and signed by the President.

I don't know the original motivation for the 5 ounce size, but it was in the bill and everyone went along with it.

 
At April 28, 2011 at 9:35 AM , Blogger Hidalgo said...

Placed an online order after 30 minutes of trying. Time of email: 12:29 PM.

Order number: 373455##

Bullion coin is backordered to May 12, 2011

 
At April 28, 2011 at 9:39 AM , Blogger Lasloo said...

This comment has been removed by the author.

 
At April 28, 2011 at 9:43 AM , Blogger John said...

Got my order through at 12:37 EST

373454##

Back-ordered as well as I assume everyone is.

 
At April 28, 2011 at 9:44 AM , Blogger Lasloo said...

Ordered one!
Email time: 12:22 PM
Order #: 373434##

 
At April 28, 2011 at 10:03 AM , Blogger Hidalgo said...

The US Mint's servers are currently down. Good grief.

 
At April 28, 2011 at 10:14 AM , Blogger Dr joe said...

got on early and kept refreshing. no problem till product became available and when got to check out- boom- kicked me out. Now the servers down and the land line is continous busy!!
Knew if would be bad but good grief, this is nuts!!
Congrats to those who got thru. Hope my AQ (Adversity Quotient) is up today.

 
At April 28, 2011 at 10:14 AM , Blogger Hidalgo said...

As of this writing, within the past minute:

The United States Mint is experiencing technical difficulties. During this time period, you will not be able to use the website. To place an order please call 1-800-USA-MINT (872-6468). We apologize for the inconvenience.

 
At April 28, 2011 at 10:23 AM , Blogger Craig Fosnock said...

The line is busy...this is definitely worst than the Lincoln Coin & Chronicles set. It look me an hour to get through but I only crashed once then…the servers are now down hard

 
At April 28, 2011 at 10:37 AM , Blogger Craig Fosnock said...

How long does it take to reboot the servers?

 
At April 28, 2011 at 10:43 AM , Blogger dgauge said...

Finally decided to try via phone and got through to complete my order. It took about 20 attempts between land line and cell.

 
At April 28, 2011 at 10:52 AM , Blogger Dr joe said...

just got in and went thru like nothing ever was wrong. less than 60 seconds total!!!

good luck all!

 
At April 28, 2011 at 10:52 AM , Blogger Craig Fosnock said...

Servers are back up...I got one before they got flooded with requests again. Good luck everyone it can be done!

 
At April 28, 2011 at 10:57 AM , Blogger RSF said...

The Mint's IT upgrade project was back-burnered as part of a response to those whose main priority is to defund government operations. (except for anything military/industrial/congressional complex related of course!)

Until we change our priorities from keeping the sea lanes open for tankers to allowing our government to operate efficiently, this is what we can expect.
RSF

 
At April 28, 2011 at 11:06 AM , Blogger claytonpollock said...

I was able to get through to the mint by phone. Keep trying, there is still hope

 
At April 28, 2011 at 11:10 AM , Blogger Hidalgo said...

Congratulations to everyone who got through!

 
At April 28, 2011 at 11:13 AM , Blogger Hidalgo said...

The real fun has been the challenge of placing an order. When one is able to place an order, it is a sign of success.

Do you think that the coin will sell out tonight?

 
At April 28, 2011 at 11:31 AM , Blogger claytonpollock said...

I dont se the coin selling out over the phone.If they get the web site going posibly.

 
At April 28, 2011 at 11:33 AM , Blogger claytonpollock said...

The mint web sight is back on.

 
At April 28, 2011 at 11:53 AM , Blogger Mint News Blog said...

There is a current issue with commenting on Blogger. The system is not allowing anonymous comments to be posted.

Hopefully this will be fixed soon. Sorry to anyone who has been having trouble...

 
At April 28, 2011 at 12:08 PM , Blogger Broooster said...

After the system was up and running again, ordering one was a zip.

 
At April 28, 2011 at 12:19 PM , Blogger London Locks said...

Looks like a sellout in about 2 hours or so. Only about 6000 to 7000 left.

 
At April 28, 2011 at 1:48 PM , Blogger Craig Fosnock said...

How do you know how many are left?

 
At April 28, 2011 at 1:55 PM , Blogger London Locks said...

by comparing order numbers posted on another blog. Now there are about 1000 to 2000 left.

 
At April 28, 2011 at 2:08 PM , Blogger SunTzu said...

I tried calling while simultaneously using my Mint account on both IE and FireFox starting at 12:00. The website kept crashing at checkout driving me nuts! I got through to a nice woman on the phone only to have her screen crash but she got it back and I got my coin. I received an e-mail confirmation.

So I started at 12:00 and landed a coin at 12:46.

It looks like anyone can easily speed through the site now and purchase. i guess the re-boot of the system worked.

Who knows if they are still around after you place the order? Are people being wait listed or are they still around? It's 5:00 EST here, 5 hours after the start of the program.

 
At April 28, 2011 at 2:10 PM , Blogger SunTzu said...

My order number at 12:46am was 373498XX

 
At April 28, 2011 at 2:12 PM , Blogger Craig Fosnock said...

Thank you London Locks! They are still availiable Sun Tzu

 
At April 28, 2011 at 3:49 PM , Blogger Hidalgo said...

Michael, I prefer that people NOT leave anonymous comments. Folks need to be accountable for the comments they put on this top notch blog. Allowing folks to remain anonymous allows them to hide behind their words.

 
At April 28, 2011 at 3:50 PM , Blogger London Locks said...

Rumor has it that a US Mint representative stated that there are about 19,200 sales as of an hour ago. Who knows for sure. Thats less than the order numbers suggest.

 
At April 28, 2011 at 4:54 PM , Blogger London Locks said...

Too bad blogger had a glitch with posting. This would have been an epic thread if the anonymous posting was allowed. Oh well.

 
At April 28, 2011 at 6:07 PM , Blogger SunTzu said...

I must admit, I was surprised at how well the website of the mint was running after they "re-booted" it. If one wanted to place an order they could zoom all the way through the checkout. But the initial onslaught was just too much.

It was an epic battle for those of us who endured the front lines of the battle at noon time!

It'll be fun to watch the secondary market on these puppies. It's going to be an expensive series, that's for sure!

 
At April 28, 2011 at 6:42 PM , Blogger Broooster said...

They are already on the Bay, the bidding has begun, with a few BIN's as well.

 
At April 28, 2011 at 7:34 PM , Blogger ~grandpa said...

Well even I couldn't resist picking up one of the first bullion unc's today. Like the hockey pucks or not, with an inital first coin in a series and micro mintage of 27,000, who could resist? Certainly not Grandpa. Experienced all the same log on glitches starting exactly noon and finally got thru on line at 2:56pm. Based on a posters 12:24 receipt number and mine almost 3 hrs. later, there is a 17,950 order spread. Since it's a Thursday and nothing extra exciting or prompting a flurry of mint orders, you must assume the majority were due to the 1 coin per house ATB bullion unc's. Interesting to find an ebay offering by 3pm offered at $500. Even before a sell out? Crazy folks out there.

 
At April 28, 2011 at 7:37 PM , Blogger Stevieladeek said...

These have been consistently selling on ebay for $475-$495

 
At April 28, 2011 at 7:43 PM , Blogger Stevieladeek said...

Wow....I wish the Mint would publish the release dates for the rest of the 2010 5 oz'ers.

Also what will the mintage be for the 2011 coins...will they also increase in mintage like the 2011 bullion version did? 126,500.

If they do, both the bullion and numismatic 2010 ATB 5 oz coins are going to do well down the road.

 
At April 28, 2011 at 8:28 PM , Blogger ~grandpa said...

The craziness begins! Not to create a stir but was curious how fast those ebay people flipping the Hot Srings unc's would be advertising. I just saw 2 ads, one for $500, and the second one for $599. Now I can go to sleep a happy guy. Wow.

 
At April 28, 2011 at 8:58 PM , Blogger DetroitSuperior said...

Will there only be 27K of the other ATB 2010 numismatic versions as well?

 
At April 28, 2011 at 9:12 PM , Blogger DetroitSuperior said...

BTW, I liked it better with "Anonymous" posts.

I'm anonymous anyhow, like everyone else, using these silly names (ie. Hidalgo).

Want to read what others are thinking today.

Still not a sell out...

Next round I think I'll wait for an hour or so...

 
At April 28, 2011 at 9:46 PM , Anonymous Anonymous said...

Ordered ATB 5oz with number 373717XX,
so suspect about 26,200 sold as of 6pm PST,
9pm EST (as 373455XX was the number at noon (71,700-45,500=26,200));

So, I bet the 27,000 lot will be entirely sold out the
first day

 
At April 28, 2011 at 10:12 PM , Anonymous Anonymous said...

Judging by the confirmation # from earlier postings, the Mint should be or close to a sell out. The count is over 29,000 orders.
Having said that, some people might have purchase other items from the Mint. But I am pretty sure that the majority is 5 oz ATB.
Good luck to all!

 
At April 28, 2011 at 10:13 PM , Blogger DetroitSuperior said...

This comment has been removed by the author.

 
At April 28, 2011 at 11:40 PM , Anonymous Anonymous said...

The US Mint's collectible uncirculated version of the 5 ounce silver ATB coins, at least as of this writing, are clearly selling at higher prices for comparable bullion coins sold to authorized dealers. As I thought. I wonder what the long term prospects are for the US Mint ATB 5 ounce coins.

I suspect that they (the first 5) will be much more popular and valuable in the long run than comparable bullion coins. So get them while/when you can!

 
At April 29, 2011 at 12:50 AM , Anonymous Jus- said...

Do these weigh 5 troy ounces or is it 5 (regular) ounces?

 
At April 29, 2011 at 12:51 AM , Anonymous Anonymous said...

Mintage of 27,000 for the ATB Hot Spring P coins. Are these coins really rare? Many of the gold First Spouse coins have mintages below 5,000 and yet, they aren't worth more than the bullion they are made of.

Do you think the 5 ounce silver ATB coins will be worth much in the future (other than the value of their bullion)?

 
At April 29, 2011 at 4:12 AM , Blogger Mint News Blog said...

Anonymous commenting is fixed. This was an issue with Blogger.

 
At April 29, 2011 at 4:33 AM , Anonymous Anonymous said...

got mine yesterday. are they sold out yet?

 
At April 29, 2011 at 4:33 AM , Anonymous Anonymous said...

Still available on Mints web site. Anyway this is a great deal compared to the new pricing on the 2011 bullions.

 
At April 29, 2011 at 4:33 AM , Anonymous Anonymous said...

Jus: That would be troy ounces.

Re: Back Ordered till the 12th

What is going on with this back order? The Mint took a long time to even offer these. They announced availability on the 28th of April weeks in advance. Then when orders are placed they are back ordered until the 12th of May. What is going on here? Why not just accept orders on the 12th of May?

 
At April 29, 2011 at 4:48 AM , Anonymous Anonymous said...

What do you expect from the Government?
Most large businesses can upgrade servers in a few months tops, the Mint takes a year and a half!

 
At April 29, 2011 at 4:52 AM , Anonymous Anonymous said...

The back order is just the way the mint works. They have to check for duplicate credit cards and addresses. They will leave sooner than the 12 but

 
At April 29, 2011 at 4:52 AM , Anonymous Anonymous said...

I have a question. I created an account with mint yesterday and placed order, as I did not see the order in the order history I went ahead and placed order again so in the end it allowed me to place 5 orders still nothing in the order history but I have email confirmations for 5 orders if any advise what to do now. Thanks

 
At April 29, 2011 at 4:55 AM , Anonymous Anonymous said...

To: April 29, 2011 4:48 AM

Keep in mind that a major upgrade of an automated system cost a lot of money. Thousands, maybe a few million. Considering the current economic climate, sometimes it takes time just to get the funds needed for a major project, like an overhaul of a secure, online shopping site.

 
At April 29, 2011 at 5:00 AM , Anonymous Anonymous said...

I agree with 4:48 am.
It's an upgrade, not a new system. Shouldn't take so long.
Government has lower production standards/ expectations than private industry.

 
At April 29, 2011 at 5:09 AM , Anonymous Anonymous said...

RE: Backorder

The Lincoln Chronicles set was not listed as back ordered. It came a few days after I place the order. I don't think this is business as usual for the Mint.

 
At April 29, 2011 at 5:23 AM , Anonymous Anonymous said...

For shins and grins I put in an order this morning but from the looks of it I'm prolly SOL.

373742XX

Which I calculate to be ~28.7K orders

There would have to be a lot of cancels to have a shot.

Any guesses as to a change in mintage numbers for the next release or is that already set in stone?

 
At April 29, 2011 at 5:27 AM , Anonymous Anonymous said...

Anyone's dog or 2 year old kid order one too?

I know my dog loves collecting coins, or at least chewing on them ;-)

 
At April 29, 2011 at 5:34 AM , Anonymous Anonymous said...

Was anyone able to place an order that did not have a registered account? The address info page asked if the billing and mailing address were the same, but had no yes or no answer box and the checkout would not proceed. I guess they only wanted to sell to registered accounts to limit "buddy" sales or prevent sales to people that don't like their credit card on file.

 
At April 29, 2011 at 5:43 AM , Anonymous Anonymous said...

anonymous 5:23 am, if u take ur order and subtract from mine, it is well over 30K - looks like a sellout to me

 
At April 29, 2011 at 5:49 AM , Anonymous Anonymous said...

April 29, 2011 5:00 AM


Easily said. I guess the US Government needs to raise taxes to pay for the country's and the US Mint's economic woes. Tax the rich!

 
At April 29, 2011 at 5:51 AM , Anonymous VABEACHBUM said...

LASLOO!! So good to see you around again. I've missed your sage insight in several threads over the last couple of months. Have you been going anonymous, or just lying low?

And, if this item gets "The Grandpa Seal of Approval," I know I chose wisely.

Like others, I logged into my Mint account at 5 'till Noon, and refreshed every minute until all Hell broke loose. After 3 time-outs and 14 minutes, I get a coin in the basket. 3 more time-outs and another 14 minutes to complete the "quick" checkout.

12:28 PM and order number 37345XXX.

As for any kids and pets making purchases, still waiting to hear from The Dude and The Lil' Dude!!

 
At April 29, 2011 at 5:53 AM , Anonymous Anonymous said...

I am very sure it is a sell out. I checked last night it was over 29,000 orders already. 30,000+ by now should be about right.
The Mint is probably late in posting the "wait list" just like what they say on the website.

 
At April 29, 2011 at 5:56 AM , Anonymous Anonymous said...

The coins have not sold out yet. There are 33,000 for sale. Based on the information above, about 30,800 orders have been made. Some of these order numbers have nothing to do with the 5 ounce silver coins (like a simple order for a proof set, which still gets a US Mint order number). Some orders will be cancelled. Perhaps we will see a sell out later today, if there are abou 2,000 - 3,000 individual households that are willing to place an order.... We'll see.

 
At April 29, 2011 at 5:59 AM , Anonymous Anonymous said...

wrong, ding! thanks for playing. mintage is 27K.

 
At April 29, 2011 at 6:00 AM , Anonymous Anonymous said...

There are 27,000 for sale, not 33,000

 
At April 29, 2011 at 6:01 AM , Anonymous Anonymous said...

April 29, 2011 5:56 AM

Grow up immature man. Time for you to change your diapers, leave mommy and daddy, and find a job.

 
At April 29, 2011 at 6:09 AM , Anonymous Pete said...

I got in at 12:05 yesterday, #373413xx.
Great site thanks MNB.

Bring on te next coin.

 
At April 29, 2011 at 6:15 AM , Anonymous Anonymous said...

To the 4:52 AM comment, I would call the Mint ASAP to have them delete 4 of your orders and to make sure you stay on the list for the 1 per household. If you let them just take care of it, they may very well just delete all 5 of your orders.

 
At April 29, 2011 at 6:16 AM , Anonymous Anonymous said...

Has anyone ever tried to use an eGift certificate when paying online for something from the Mint?

Yesterday, I tried to use eGift certificates to pay for the Hopt Springs 5 ounce Silver coin but ran into trouble. The payment page provided a block to enter the gift certificate number but after doing so, a message came up that it wasn't a valid number. I tried several times with different certificates but got the same result each time.

When I called the Mint's customer service number, I was told that the certificate numbers were valid and should work. They still didn't work. Another call to customer service resulted in the person checking with her supervisor. The supervisor said that gift certificates cannot be used online but only over the phone. I then paid for the order over the phone using the gift certificates.

My question is: why bother to provide a block for paying by gift certificate, if gift certificates can't be used online? That kind of doesn't make any sense to me.

Has anyone ever successfully used a gift certificate when paying online on the Mint's website? Thanks.

LL

 
At April 29, 2011 at 6:18 AM , Anonymous Anonymous said...

Hot Springs not Hopt Springs

 
At April 29, 2011 at 6:28 AM , Anonymous Anonymous said...

anon 12:51, Are they rare? no. But they are scarce considering the large amount of collectors & investors in the market and soon to be in the market. They will do well.
Only the first 3 spouses @ 20,000 ea. sell for a little over spot. Those at 7000 and below will one day have a chance at being considered "rare"
Sometimes it takes a while for scarce coins to be appreciated, especially if many have been stored away an forgotten for many years. Put 'em away for a while, you'll see.

 
At April 29, 2011 at 6:31 AM , Anonymous Anonymous said...

"...in the end it allowed me to place 5 orders still nothing in the order history..."
April 29, 2011 4:52 AM

I had somewhat of a similar experience when placing an order for my sister who is blind. When an order was about to be placed, the website crashed so we thought it hadn't gone through. We were able to login again and place a second order not knowing what had happened with the first one.

Later, after everything had settled down, I was able to check the "Track Order" function for her. "Track Order" showed two orders. The first order showed that it was suspended. The second order showed that it was on hold. Things stayed that way over night. When I checked again this morning, the one that had been suspended was deleted entirely and the other one was still there.

That may mean that any duplicate orders are simply deleted and one per household will still be okay. Not sure if that works in the case of the guy with five orders because the two situations aren't entirely the same but it may be an indication that the Mint will simply eliminate duplicates and let one order per household stand.

Anyone in that situation may want to check "Track Order." Good luck, five order guy.

LL

 
At April 29, 2011 at 6:32 AM , Anonymous Anonymous said...

FYI. I just called the US Mint ordering service.

The nice lady said that as of 2 minutes ago, they were still accepting orders for the Hot Springs 5 ounce coins. The coins had NOT yet sold out and they have NOT yet started a waiting list. So if you want a coin, go for it!

 
At April 29, 2011 at 6:39 AM , Anonymous vaughnster said...

I was logged in on the Mint's web site at 11:45 a.m. Thursday both with an iPad and a PC. Kept refreshing every few minutes and all was fine until noon when I got kicked off the server. About a half hour later I was able to finally get mine ordered. I knew that if I waited a couple of hours or even the day, I'd probably still be able to order one but I guess it's the rush of adrenaline and the fun of trying to be one of the first to put your order in. Seeing how well the bullion versions are selling with mintages of 33,000 each, I predict these uncirculated versions, packaged by the Mint and with mintages of only 27,000 each, will be big time winners. Can't wait to compare them to the bullion versions. It was a fun day yesterday!

 
At April 29, 2011 at 6:47 AM , Anonymous Anonymous said...

Just spoke to a lady at mint YELLOW STONE on 05/12. Not on website though.

 
At April 29, 2011 at 6:55 AM , Anonymous Anonymous said...

I don't believe that date is right. Why would they sell Yellowstone before they even shipped off Hot Springs? Then they'd have to combine shipping which would be a hassle. I've come to find out that the phone reps at the Mint barely know anything about what they're selling.

 
At April 29, 2011 at 7:09 AM , Blogger Mint News Blog said...

19,000 coins sold as of 9:00 PM ET yesterday.

http://news.coinupdate.com/hot-springs-silver-uncirculated-coins-approaching-sell-out-0800/

 
At April 29, 2011 at 7:21 AM , Anonymous Anonymous said...

In response to April 29, 2011 6:16 AM:

I was able to use my $200 e-gift certificate to purchase the 2010 Hot Springs 5 oz silver coin without any problems. Although the checkout page never showed the certificate deduction, I'm sure the Mint will apply the certificate before charging the difference on my card.

 
At April 29, 2011 at 7:26 AM , Anonymous Anonymous said...

Ahhhhh The Hot Seat Quarter
this tailet has a hot warmlet seat and cool water jet!
good to buy your boss if you're on the hot seat

 
At April 29, 2011 at 7:26 AM , Blogger ~grandpa said...

I wonder whether a few of those "dealers" will be offering "early orders" or "early releases" or "first packaged" graded slabs soon. Perhaps as a novelty, we might see "first mailed" based on accepted order numbers.

Any limited Mint issue that sells out within probably 2 days would be rather difficult to specially market for extra dollars to the unsuspecting. Let's see who tries for something crafty and what they might call it. (Just for fun of course, but it's bound to happen.)

 
At April 29, 2011 at 7:30 AM , Anonymous Anonymous said...

No sure if this P 5 Oz ATB will be a good buy at this levels.
I like the coin; but at this prices?

 
At April 29, 2011 at 7:31 AM , Anonymous Anonymous said...

Hot Springs still available from the mint. Get one now before it's too late. I got one yesterday via telephone as web site was down.

 
At April 29, 2011 at 7:32 AM , Anonymous Anonymous said...

DO you think this coin will raise in value in time? Or will it just be a hype for now?

 
At April 29, 2011 at 7:47 AM , Anonymous Anonymous said...

I think if the 5oz coins continue and a complete set is something you can aquire that of course the first release of its kind will appreciate in value. If anything its 5oz of silver and the price of silver just keeps going up.

 
At April 29, 2011 at 7:55 AM , Anonymous Anonymous said...

or...if they don't continue them, makes them even rarer - just like the fractional gold buffs

 
At April 29, 2011 at 7:55 AM , Anonymous JA said...

With the limited numbers minted and high demand, this coin is destined to become a sure fire winner.

 
At April 29, 2011 at 8:07 AM , Anonymous Anonymous said...

When silver eventually falls back to $30 in a few years, these coins will be worth considerably less.

 
At April 29, 2011 at 8:14 AM , Anonymous Anonymous said...

SO you are saying these 5 oz P ATB will just be bullion and have no collector value at all?

 
At April 29, 2011 at 8:19 AM , Anonymous Anonymous said...

Just recieved order number 373818xx.

No wait list message.

 
At April 29, 2011 at 8:26 AM , Anonymous Anonymous said...

"When silver eventually falls back to $30 in a few years, these coins will be worth considerably less."

Yeah.. just like all the gold coins. I see gold dropping before silver.. to many people can't afford gold.. many more can afford silver which IMHO will keep the price up there.

 
At April 29, 2011 at 8:53 AM , Anonymous Anonymous said...

Okay - I was a little bored this morning so I read several of the BLOGS. Here's my observation.

373413XX @ 12;05 (Thursday)
373434XX (time: UNK)
37345XXX @ 12:28 (Thursday)
373498XX @ 12:46 (Thursday)
373547XX @ 14:00 (Thursday)
373717XX (time: UNK)
373742XX @ 08:19 (Friday)

As you can see (based on the Order #'s), the U.S. Mint has now sold 32,900 units.

 
At April 29, 2011 at 8:55 AM , Anonymous Anonymous said...

Only 19,000 coins sold? That seems to be below expectations. Will there be a sell out before the weekend?

 
At April 29, 2011 at 8:56 AM , Anonymous Anonymous said...

They are still accepting orders. My order I just made is on hold. Here is what the Mint order page look like as of 11:50 AM EST

2010 America the Beautiful Five Ounce Silver Uncirculated Coin™ - Hot Springs National Park, Arkansas (NP1)
The United States Mint will begin accepting orders for the 2010 America the Beautiful Five-Ounce Silver Uncirculated Coin–Hot Springs National Park at 12 Noon (Eastern Time) on Thursday, April ...

Price: $279.95 More Info.

Product will be available for shipping 05/13/2011


I placed my order an here is what it read.

Order number: 37381XXX

Order Date: 04/29/2011 at 10:58 AM

Order Status: Your order request is on hold.

2010 ATB SILVER COIN - HOT SPRINGS 1 $279.95 $279.95 1 unit backordered. Expected to ship on 05/13

 
At April 29, 2011 at 9:03 AM , Anonymous John said...

I just canceled my purchase. Gonna give it a miss. Maybe get one when silver dip in price.

 
At April 29, 2011 at 9:05 AM , Anonymous Anonymous said...

I am a little surprised that these have not sold out as of yet. Maybe a sign of the economy and or the price of silver but there again maybe a phony demand created by those looking to procure 400 of them at 325.00. I collect to collect and not to flip, of course it is always nice to know that things are worth a little more than I may have paid. I am just glad to have gotten one and this makes me think it will be easier to collect the entire set.

 
At April 29, 2011 at 9:08 AM , Anonymous Anonymous said...

Does anyone think that these small mintage of 27K will make this 5 oz ATB a winner? IS this a coin or just a big piece of metal in silver?

 
At April 29, 2011 at 9:31 AM , Anonymous Pete said...

373413XX @ 12;05 (Thursday)
373434XX (time: UNK)
37345XXX @ 12:28 (Thursday)
373498XX @ 12:46 (Thursday)
373547XX @ 14:00 (Thursday)
373717XX (time: UNK)
373742XX @ 08:19 (Friday)
373818xx @ 10:xx (friday)

40,500 + units, oh -1 Thanks to John's info (40,499 units)... so it's got to be close.


No malice John, good luck.

 
At April 29, 2011 at 9:39 AM , Anonymous Anonymous said...

Pete -

The order numbers are not an indicator of Hot Springs 5 ounce coins sold.

ANY order - if it is for a roll of pennies, a proof set, a US Mint medal, etc. will get an order number.

So that should explain why there is no sell out yet, as of this writing....

 
At April 29, 2011 at 9:48 AM , Anonymous Anonymous said...

would a sales rep at the usmint phone # be able to determine what the sales #s are for this coin?

 
At April 29, 2011 at 9:55 AM , Anonymous Anonymous said...

Yes. I agree. This one's going to be a dog. At least the coins will have some value if silver doesn't drop too low.

 
At April 29, 2011 at 10:07 AM , Anonymous Anonymous said...

The 5 ounce coins are all novelties in my opinion. The cool thing about coins and numismatics in general is that you (at least at one time) could fine any given coin in your pocket change. No longer. Search as I might, I haven't found any 1/4 gold buffs or gold UHRs. But I would probably find one of those before I would find a 5 ounce ATB coin (if you want to call it a coin).

Time to start collecting 1 foot by 2 feet baseball cards...

 
At April 29, 2011 at 10:12 AM , Anonymous Pete said...

"The order numbers are not an indicator of Hot Springs 5 ounce coins sold."
Oh yes, I know.. but, for me, it's kind of fun number crunching.

We know 27K, we can then calculate, to some degree, what percentage of orders were for that coin when the wait list appears ...70% 65% ..whatever... +- x% Just ball park.

Hey, it's coin collecting, an for me, a good part of it is for fun.

 
At April 29, 2011 at 10:15 AM , Anonymous Pete said...

Oh, One thing I like about the 5ozers,
I can see them without the help of glasses, magglass or a microscope, lol.

 
At April 29, 2011 at 10:29 AM , Anonymous Anonymous said...

"Oh, One thing I like about the 5ozers, I can see them without the help of glasses, magglass or a microscope, lol."

LOL! It also would seem that with more surface area, it would be that much more difficult to obtain a coin graded at MS70. JMO.

 
At April 29, 2011 at 10:45 AM , Anonymous Anonymous said...

Regardless...

Of the 40,999 orders placed (in the last 24-hours) to the U.S. Mint...it's safe to assume that 1/2of those orders were placed in response to this release.

I expect that by day's end we'll have a "confirmed" SELL OUT.

Guess we'll just have to wait and see.

 
At April 29, 2011 at 10:52 AM , Anonymous Anonymous said...

"Yeah.. just like all the gold coins. I see gold dropping before silver.. to many people can't afford gold.. many more can afford silver which IMHO will keep the price up there."

I don't understand the logic here. Gold is more rare than silver, which plays a large part in a PM's price. Yes, gold is more expense, but gold is gold and silver is silver. For someone interested in protecting their currency from an inflated dollar, it is much easier to buy one ounce of gold than to purchase 30 ounces of silver. It is also much easier to store (volume-wise). I agree that someone with less than $1K to spend would likely purchase siliver, but they could also purchase a half-dozen 1/10 ounce gold coins.

My experience with the markets has shown me that stalwarts like gold will perform well over time, and will be more stable. Gold has been (allegorically speaking) a "tortoise." Silver, while still a good investment in today's economic environment, seems to have risen much to fast to be sustained. Silver is (allegorically speaking) the "hare." A smart person will diversify between the two.

 
At April 29, 2011 at 10:59 AM , Anonymous Anonymous said...

Dang! Gold just passed the $1550 level. That means another $25 on the gold Eliza Johnson spouse coin. If only the Mint would get their act together and sell their products according to their own schedules.

If I purchase an Eliza to keep the collection going, it will be the most expensive ugly coin I've ever purchased.

 
At April 29, 2011 at 11:00 AM , Anonymous Anonymous said...

Are we all going to be surprised if the Mint comes out with the statement saying that the counter is "wrong", and that they are selling the coins they actually don't have anymore.
My basket is showing there is still one ATB coin waiting to be checked out.
Maybe those guys on eBay actually know what they are doing.

 
At April 29, 2011 at 11:02 AM , Anonymous Anonymous said...

I've had it with PM price increases, I'll stick w/ clad uncs and proofs on these.

 
At April 29, 2011 at 12:22 PM , Anonymous Anonymous said...

There's got to be something wrong with the Mint's system. I can't imagine this one not selling out in a day. I'm thinking when their servers went down, it might have wiped out the previous orders or started the count to 0 again.

And what's with the buyers on ebay buying these at $500 when they can still place an order with the Mint?

 
At April 29, 2011 at 12:36 PM , Anonymous Anonymous said...

@12:22pm, they are probably thinking that the mint will send notifications out indicating they have accepted orders passed the limit and have to cancel.

 
At April 29, 2011 at 12:36 PM , Anonymous Anonymous said...

Not to worry. The 5 oz. Hot Springs silver uncirculated coin will be a winner. When the mint sorts out it's order numbers, many who wanted one will be denied and the value will increase.

 
At April 29, 2011 at 12:46 PM , Anonymous Anonymous said...

To: April 29, 2011 12:22 PM

Some of the buyers on eBay may not have a credit card or they are outside of the USA.

 
At April 29, 2011 at 12:47 PM , Anonymous Anonymous said...

Does anyone know that Modern Coin Mart from Sarasota, FL is offering its customers $50.00 plus the cost of overnight shipping to order the 2010 P Hot Springs 5oz coins for them? Who knows how many other coin dealers are doing the same thing?

 
At April 29, 2011 at 12:56 PM , Anonymous Anonymous said...

To: April 29, 2011 12:47 PM


There are other coin dealers doing the same. Check out other posts on Michael's blog site.

 
At April 29, 2011 at 1:23 PM , Anonymous Collector-Joe said...

After reading through the comments on is or "if" the ATB is coin -here's the deal:

If the US Mint says the ATB coin is a coin, then its a coin.

Silver hits $50oz -you pay roughly $30 over spot ...for a very unique and COLLECTIBLE (and very COOL I might add).... coin.

Does it get any better? Thanks Mint -keep up the good work :)

 
At April 29, 2011 at 1:29 PM , Anonymous Collector-Joe said...

April 29, 2011 9:55 AM


I wouldn't underestimate this one -it's so unique it's confusing the collector/flipper base out there.

Time will tell.

 
At April 29, 2011 at 1:33 PM , Anonymous Anonymous said...

"Gold is more rare than silver,"

Do you realize that there is less silver stockpiled in the world than gold? Silver is used up in various manufacturing processes, never to be recovered, while nearly all gold ever mined in history still exists.

 
At April 29, 2011 at 2:29 PM , Anonymous Anonymous said...

Still no sell out... maybe this 5 Oz is a sleeper after all

 
At April 29, 2011 at 2:58 PM , Anonymous Anonymous said...

Michael, how long did it take before the US Mint announced that there was a waiting list for the 50,000 Lincoln Coin and Chronicles set? 1-1/2 days? 2 days?

 
At April 29, 2011 at 4:01 PM , Anonymous Anonymous said...

Well, after 30 hours of availability, there's still some left of the 27,000 ATB "P" Hot Springs 5 ounce coin is still online to order.

The 27,000 mintage is about 1/2 of the Lincoln C&C set. So go figure.... I guess demand just ain't that great for this high priced product....

 
At April 29, 2011 at 4:18 PM , Anonymous Anonymous said...

Look at silver/gold prices today! This first issue of 5oz proof is going to be a blast @ only 15% over spot! Grab one while you can...

 
At April 29, 2011 at 4:42 PM , Anonymous Anonymous said...

When is the US Mint going to issue a 5 ounce proof? I have not seen anything of that sort advertised.

 
At April 29, 2011 at 5:50 PM , Anonymous Anonymous said...

I have still held onto 3 Lincoln Coin and Chronicles. Now, looking forward to 3 ATB 5oz Hot springs. The Nation Parks 5oz will be an expensive collection. I have also been collecting the presidential dollar rolls, not as expensive. It will be interesting to see the price swings during the ATB 5oz series.

 
At April 29, 2011 at 6:06 PM , Anonymous Anonymous said...

The US Mint website says one per household during the first week. If the US Mint allows you to buy more than one after the 1 week period, will you buy more?

A limit of one (1) coin per household is in effect for the first week of this product’s release. At the end of this period, the United States Mint will re-evaluate this limit and either extend, adjust or remove it.

 
At April 29, 2011 at 6:10 PM , Anonymous Anonymous said...

There's no way Hot Springs will be around anywhere near 1 week!

 
At April 29, 2011 at 6:18 PM , Anonymous Anonymous said...

When is the US Mint going to issue a 5 ounce proof? I have not seen anything of that sort advertised.

Dude, if you have seen any of the bullion graded "Deep Mirror Proof Like" then you really have a proof coin.

I guarentee a bullion MS69DMPL will have more eye appeal than a numismatic version that graded MS70.

 
At April 29, 2011 at 6:23 PM , Anonymous Anonymous said...

To: April 29, 2011 6:18 PM

Puhleeeez. There is a difference between PROOF and Proof-like.

I would never pay the same for a proof vs. a proof-like coin.

 
At April 29, 2011 at 7:23 PM , Anonymous Anonymous said...

Puhleeeez. There is a difference between PROOF and Proof-like.

I would never pay the same for a proof vs. a proof-like coin.

Puhleeeez, you obviously have not not seen any DMPL coins...don't talk if you don't haven't seen these...which you obviously haven't...I mean no disrepect, but get real!

 
At April 29, 2011 at 7:34 PM , Anonymous Anonymous said...

Who knows, these Uncirculated coins may be Proof Like as well, just like some of the Bullion coins.

Anyway I have a Proof Like 2009 UHR and it is certainly better than a regular Proof Eagle when it comes to eye appeal and I prefer the UHR to regular proof just on looks alone.

So if these uncirculated 5oz hockey pucks turn out just as nice (meaning some Proof like coins are minted and I don't see why not because the minting process/technology has improved) then Uncirculated coin is the one to get.

Just My Opinion

 
At April 29, 2011 at 7:57 PM , Anonymous Anonymous said...

Yeah, I'm looking forward to see the "numismatic version". What most people don't realize though, is that the bullion coins were minted on really polished dies...when you can hold a book 12 inches away from the coin and read it, well the only reason it's not a "proof" coin is just the method of manufactoring, not how it looks.

 
At April 29, 2011 at 8:09 PM , Anonymous Anonymous said...

will this thing ever sell out?

 
At April 29, 2011 at 8:49 PM , Anonymous Anonymous said...

The UNCs can not be proof like. They are basically sandblasted. How many times have you heard about using sandblasting to make a mirror finish.

 
At April 29, 2011 at 10:33 PM , Anonymous Anonymous said...

April 29, 2011 7:23 PM

There has been no 5 oz. Proof coins minted by the US Mint. Ever.

You absolutely do not know what your talking about.

 
At April 30, 2011 at 5:44 AM , Anonymous Anonymous said...

The US mint has minted large diameter medals - just not for common circulation.

http://www.inauguralmedals.com/inaugurals/Index.htm

 
At April 30, 2011 at 11:39 AM , Anonymous Anonymous said...

To: April 30, 2011 5:44 AM

Yeah, the guy is clearly delusional... LOL!

 
At April 30, 2011 at 1:57 PM , Anonymous Anonymous said...

I'm gonna cancel my order today... will let someone else pick this loser up then.

 
At April 30, 2011 at 2:44 PM , Anonymous Anonymous said...

Please go ahead and cancel your order. Some collector who really wants one will gladly purchase it. Regret is an awful feeling.

 
At April 30, 2011 at 3:15 PM , Anonymous Anonymous said...

I regret not buying that roll of Silver Eagles in March of 2010. They were $19.10 each out the door.

 
At April 30, 2011 at 4:49 PM , Anonymous Anonymous said...

Is anyone planning on have their 2010-P Hot Springs coin graded? I'm sure there will be quite a few MS70's.
But...it is expensive to have just one coin graded...$81 for a PCGS First Strike($14 modern tier, $20 for oversized holder, $18 for First Strike label, $8 handling fee, $5 to sent it to PCGS, $16 for return shipping.
NGC for one coin "Early Releases" would cost $65.35...($17 "special modern tier", $25 for oversized holder, $5 to ship to NGC, $18.35 for return shipping.
If you get a MS70, then it is money well spent...a MS69...not good.

 
At April 30, 2011 at 6:24 PM , Anonymous Anonymous said...

After 2 1/2 hrs of calling like a nut i got a Hot Srpings.

 
At April 30, 2011 at 10:56 PM , Anonymous Anonymous said...

it needs few thousands more order numbers to sell out this 5 oz ATB silver coin. why?. because the u.s. mint have so many other products on sales. and also orders being cancel by customers or by the mint itself. and the mint also need some more orders for reserve. in case they found out some orders were duplicate or customers order more than one for the same address.

the next one will come out over $300.00 when the silver stay at this level. and it looks like end of May.

 
At April 30, 2011 at 11:02 PM , Anonymous Anonymous said...

the slabbed companies have so much lies to tell us that the coin is first strike, early release and so forth. come on. when the production is huge. like 10 to 20 million coins or more. the mint have to have several runs from the machine. this is only 27,000 or 33,000 coin. the mint can just run one time to product all these coins. and every coin is first strike and every coin is early release. why fool us?.

 
At April 30, 2011 at 11:11 PM , Anonymous Anonymous said...

the new u.s. mint gold products will come out first week of May. well, the gold close in India yesterday (Saturday) at a record high. it looks like over $1,600.00 an ounce. to be exact. it's $1,629.00 per ounce. based on gold average for that week say between $1,600.00 to $1,649.99. the price for the new first spouse 1/2 ounce gold will be: proof - $979.00. unc - $966.00 and the long waited 2011w american eagle burnished uncirculated one ounce gold coin will cost us $1,878.00 each. wow.
p.s. the american eagle and buffalo gold proofs will be adjusted at a higher prices too. the only cheap stuffs from the mint are the modern commemorative gold and silver series. these prices were being set long time ago.

 
At May 1, 2011 at 1:08 AM , Anonymous Anonymous said...

Canceled my ATB order this morning.

 
At May 1, 2011 at 1:10 AM , Anonymous Paul said...

5 Oz ATB "P" is still available as of now; why is the demand so lackluster?

 
At May 1, 2011 at 1:17 AM , Anonymous Anonymous said...

No. 200!!

The Mint site is down!
Just check my order; it's all gone.

Has the Mint done it again this time and deleted all our orders?

 

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