Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, April 15, 2011

Quick US Mint News Updates

There are a number of items related to US Mint product offerings that I wanted to cover before the weekend. As in the past, I will provide quick coverage of separate topics within the same post.

2011 Proof Gold Eagles

The US Mint has provided information on the upcoming release of the 2011 American Gold Eagle Proof coins. As in prior years, the coins will be available in individual one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sizes, as well as a four coin set.

The stated product limit for each option is shown below. The mintage limit, which is composed of the product limit from individual sales plus multi-coin sets, is also shown.

Product Limit Mintage Limit
1 oz. 30,000 70,000
1/2 oz. 15,000 55,000
1/4 oz. 16,000 56,000
1/10 oz. 30,000 70,000
4 Coin Set 40,000

The product limits for some options have been increased from the levels of the prior year. The individual one ounce has been increased by 5,000 units, the individual one-tenth ounce by 3,000 units, and the 4 coin set by 1,000. When the coins were available last year, the US Mint did not produce the coins to the full extent of the product limits. See the final 2010 Proof Gold Eagle sales in this post.

Pricing for the 2011 Proof Gold Eagles will depend on the average London Fix price of gold from yesterday's Thursday AM to next week's Wednesday AM price. If the average price stays within the $1,450 to $1,499.99 range, then the prices for each option would be as shown below.


Price
1 oz. $ 1,735.00
1/2 oz. $ 881.00
1/4 oz. $ 453.00
1/10 oz. $ 195.50
4 Coin Set $ 3,215.50

These prices are proportionally $150 higher for each ounce of gold content when compared to the initial pricing for the prior year release. This follows the increase in the market price of gold.

I will have a full post on this important product offering closer to the release date.

Suspension coming for 2011 Silver Proof Sets?

Late last week, the US Mint suspended sales of the 2010 Silver Proof Set and 2010 ATB Quarters Silver Proof Set. At the time, the price of silver had just broken above the $40 per ounce level. Sales of the 2011-dated sets were allowed to continue, presumably because these were already priced a few dollars higher.

At the time of writing this post, the price of silver has now risen to $42.59 per ounce, which may put the 2011 Silver Proof Sets at risk of suspension and eventual repricing.

The 2011 Silver Proof Set contains 1.33823 troy ounces of silver, now worth $57.00. With the additional face value for the base metal coins included in the set, the value of the set is $62.06, compared to the current US Mint price of $67.95.

The 2011 ATB Quarters Silver proof Set contains 0.90420 troy ounces of silver, worth $38.51, compared to the current US Mint price of $41.95.

2010 Grand Canyon Quarter Three Coin Set on Sale

On April 13, 2011, the US Mint began sales of the America the Beautiful Quarters Three Coin Set for the Grand Canyon design.

Each set includes uncirculated versions of the quarter from the Philadelphia and Denver Mints and a proof version of the quarter from the San Francisco Mint. The three coins are mounted on a plastic card, which contains a description of the site and coin design, as well as a certificate of authenticity.

The sets are priced at $14.95 each. As mentioned in previous posts about this product type, this is an incredible mark up above the cost of the coins if acquired through the annual sets.

Nonetheless, the US Mint does manage to sell a relatively large number of the sets, with sales of 17,233, 17,022, and 14,451 for the previously released Hot Springs, Yellowstone, and Yosemite three coin sets.

Labels:

157 Comments:

At April 15, 2011 at 8:06 AM , Anonymous Anonymous said...

Thanks for being on top of everything Michael.
You da man!

I was just thinking the 2011 siver sets may be suspended for re-pricing. Not sure why it takes weeks of non-availability to re-price.

 
At April 15, 2011 at 9:46 AM , Anonymous Anonymous said...

Any word on Unc's?

Thanks Michael for your posts!

 
At April 15, 2011 at 9:50 AM , Anonymous Anonymous said...

Thanks, Michael. I just ordered several of the 2011 silver proof sets. I figure if they get re-priced higher, the Mint will never re-price lower so now is the time to get them. A higher price will also put a damper on future sales, which means low mintages.

 
At April 15, 2011 at 9:58 AM , Anonymous VG said...

"Nonetheless, the US Mint does manage to sell a relatively large number of the sets, with sales of 17,233, 17,022, and 14,451 for the previously released Hot Springs, Yellowstone, and Yosemite three coin sets."

That's 48,706 total sets sold to date with a total face value of $36,529.50. At $14.95 a set, that comes to $728,154.70!! A net profit of $691,625.20. Who's the bigger fool???

 
At April 15, 2011 at 10:19 AM , Anonymous Anonymous said...

Michael, Will the US MINT ever tell us how many rev proof silver eagles were made, Its says on there answer site that they dont take off there sales figures for returned items,or orders cancelled by the mint,and I know allot of people that had there orders canceled after waiting over 3 months from there orders

 
At April 15, 2011 at 11:50 AM , Anonymous Anonymous said...

thanks for the update Michael! who thinks there will be a winner in this bunch? the 4 coin set? the 1/4? the 1?

 
At April 15, 2011 at 12:21 PM , Anonymous Anonymous said...

I hope buying some more set of 2011 silver proof set is a good idea right now. If the mint reprice it, then it would be a great deal. I just ordered a couple more set. Come on mint...raise the price after you accept my order. lol.

 
At April 15, 2011 at 12:58 PM , Anonymous Anonymous said...

Winner may be the Mary Lincoln (remember it is a 2010 date).
Gold will keep inching up and all of the pre-sale interest that dissipated when the high priced coin went on sale will re-appear when the coin goes off sale (especially if "unexpectedly").
High gold prices will keep mintage numbers down.
Looking from a different view point, the 1/2 oz AGE will always be "vanilla", and for around the same price you have a more unique coin with ongoing interest.

 
At April 15, 2011 at 1:25 PM , Anonymous Anonymous said...

Why would Mary Lincoln be a winner with proof sales over 5800 and UNC's at 3256 and climbing? In a couple weeks it'll surpass Pierce and Fillmore with UNC's.

 
At April 15, 2011 at 1:53 PM , Anonymous Anonymous said...

I'd sooner go with one of the 2011 first spouses than the AGE. But numero uno priority for me is getting the 2010 ATB five-ounce uncs.

 
At April 15, 2011 at 1:57 PM , Anonymous Anonymous said...

Value = Demand/Supply

Do you really think in the long run there will be as much demand for a Fillmore as a Lincoln?

Total mintage is part of the equation not all. If I am correct, the Julia Tyler proof has the highest value but NOT the lowest mintage.

 
At April 15, 2011 at 3:07 PM , Anonymous Anonymous said...

I believe Julia Tyler had the lowest mintage until Pierce took that honor. Correct me if I'm wrong.

 
At April 15, 2011 at 4:13 PM , Anonymous Anonymous said...

I'm saving my money for the ATB numismatic and the Proof Buffalo. I'm hoping (not in a mean way) its too expensive for most and will yield lower sales. It pains me but I'd like to keep my series alive.

 
At April 15, 2011 at 4:57 PM , Blogger Unknown said...

This comment has been removed by the author.

 
At April 15, 2011 at 5:00 PM , Anonymous Anonymous said...

APMEX IS OPEN FOR BUISNESS IF YOU SIGNED UP. GET THEM NOW!!!!!

 
At April 15, 2011 at 6:45 PM , Anonymous Anonymous said...

I signed up earlier. I logged in and I cannot order the ATB coin set. I need a promo code. So be aware that not everyone can order.

 
At April 15, 2011 at 6:51 PM , Anonymous Anonymous said...

Got it from Ampex, GREATTTT

 
At April 15, 2011 at 7:01 PM , Anonymous Anonymous said...

ME TOOO !!!!

 
At April 15, 2011 at 8:21 PM , Anonymous Anonymous said...

Will the US MINT ever tell us how many rev proof silver eagles were made?

Let me take a shot at answering your question. According to published Mint figures, 250,000 were "made". The Mint endeavors to sell every one of them, and when there's immense popularity, the Mint also routinely "overbooks" sales to accomodate those people who conceivably return an item for a credit due to cancelation of interest, a fingerprint, a blemish, etc. These items are re-shelved and sent out again to the next back order in line.

If you were hoping the 2006 Reverse proof ASE had a substantial drop within the stated 250,000 coins minted, it's almost a guaranty there insn't. On the flip side, there's no way to determine an accurate real existing population of any coin. some are destroyed in fire, by theft, misplacement, melting, etc.

Still, if every one of the original 250,000 fully existed today, they would still be low mintaged and very desirable.

 
At April 15, 2011 at 9:01 PM , Anonymous Anonymous said...

Great blog Michael!
The 411 on the ATBs has been awesome!

What's up with the multi-week unavailability of the 2010 silver sets??

 
At April 15, 2011 at 10:18 PM , Anonymous Anonymous said...

APMEX may indeed have opened up their orders for the 2010 ATB silver bullion sets to those who could not purchase yesterday if they were not among the select 3500. Yesterday I could not pass Step 2. Tonight, no Promo code or anything else was necessary. The order appeared to go through smoothly and I obtained an order number. Try http://www.apmex.com/product/59810/default.aspx

 
At April 15, 2011 at 10:57 PM , Anonymous Anonymous said...

Thank you very much for Ampex info.
I just got one set from them.

 
At April 15, 2011 at 11:08 PM , Anonymous Anonymous said...

How are you all getting your ATB coins from AMPEX? I have tried to order one set of 5 coins with 2 different logins.

I am able to place one set in my shopping cart, but when I go to step 2, I get the following message:

We are sorry, your Customer ID was not selected to be eligible to purchase one of these items.
(#59810) 2010 5 oz Silver ATB 5-Coin Set PCGS BU or Better (May 13th)
These items have been removed from your cart.

 
At April 16, 2011 at 12:48 AM , Anonymous Anonymous said...

Just tried it and was able to place an order with APMEX.
Thanks for the info. This blog is GREAT!!!!

 
At April 16, 2011 at 1:13 AM , Anonymous Anonymous said...

It appears that some, but not all, can order from APMEX. Like some of those above, I too have been unable to place an order.

I registered this week. I wonder if that makes a difference. Does it make a difference how long your account has been open?

 
At April 16, 2011 at 3:03 AM , Anonymous Anonymous said...

After I had signed in with my email address and password, I was able to order the ATB's without a problem. I had registered about two weeks ago if that helps.

Thanks Michael for this great blog.

 
At April 16, 2011 at 5:21 AM , Anonymous Anonymous said...

Thanks for the blog Michael!
Thank you APMEX, good move!

A bit surprised the 2011 silver sets haven't been pulled for new pricing. Anyone think silver has peaked at $43?

 
At April 16, 2011 at 5:40 AM , Anonymous Anonymous said...

Hey thanks for posting the APMEX availability again. I was unable to purchase a set because I got that error message about being not selected, and now I can! Hopefully it's not a glitch, but I was able to cruise through and place an order. I decided to pay by check to keep the cost down. With shipping and paying by check, it's still $84.00 under spot! I couldn't pass it up.

"High Ho Silver AWAAAAAAY!"

However, my father, the ever precious metals buzz kill (he owns none) tells me silver will plummet in June when QE2 ends.

 
At April 16, 2011 at 6:10 AM , Anonymous Anonymous said...

Disappointed at my PCGS ATB 5oz slab. Coin really looks entombed because of the depth of the coin.
The NGC slabing makes the coin "float". Yes it's a big slab, but the floating effect and the ability to see the side including the lettering is quite nice. I think it's time for PCGS to get a better slab.

 
At April 16, 2011 at 6:23 AM , Anonymous Anonymous said...

Buy the coin not the slab.

 
At April 16, 2011 at 6:57 AM , Anonymous Anonymous said...

Yes, this is a great blog. I was able to purchase an ATB set from APMEX this morning due to earlier posts. I registered an account in December and my order went through. I'm guessing after midnight tonight if there's any sets left, they'll open it up to everyone.

 
At April 16, 2011 at 7:05 AM , Anonymous Anonymous said...

Michael, THANK YOU SO MUCH, for your blog. Thanks to you and some of the others on here I just found out that evidently APMEX must have opened it up, after those on their list that wanted one got one. My order was accepted and I am so happy. This is the first time since December when everything came together at the right time. This is my only set. YOU ARE THE MAN !!!!!!!!
April 15, 2011 5:25 PM

 
At April 16, 2011 at 7:59 AM , Anonymous Anonymous said...

APMEX says you can opt out of the "value added" PCGS slabs. What should I do? Free PCGS slab v. being able to see/read side of coin?

 
At April 16, 2011 at 8:40 AM , Anonymous Anonymous said...

sorry, but i think this is just hype. I'm not going to buy any 2011 silver proof sets. my investment is in my Ph.D. to up my job skills. but thanks for the post anyway, it's interesting and good to take a break.

 
At April 16, 2011 at 8:42 AM , Anonymous Anonymous said...

8:40 am: ?

 
At April 16, 2011 at 8:52 AM , Anonymous Anonymous said...

...Buy the coin not the slab...

AMEN to that! But can you believe we are assigning eye appeal and numismatic value to a freakin' piece of bullion!

I looked at a 1916D Mercury that was PCGS AU55 in a rattler holder. The coin was deserving of the grade but the toning was unattractive so I opted not to buy utilizing that philosophy.

 
At April 16, 2011 at 8:58 AM , Anonymous Anonymous said...

I tried APMEX for sh!ts and giggles and it took my order for the ATB set! An hour later I got the e-mail about the alert I signed up for.

I never purchased anything from them before.

All this talk of being left out because you never ordered from them or live in a sh!tty zip code is moronic to put it mildly.

It's sour grapes. Yeah, I felt left out but I wound up receiving the e-mail in the second wave of opportunities. Looks like APMEX is staggering the opportunities.

I wonder how many people who initially bitched with their dime store conspiracy theories wound up receiving e-mail with an opportunity to purchase this time around.

 
At April 16, 2011 at 9:30 AM , Anonymous Anonymous said...

I'd opt out of the APMEX PCGS "BU" slabs.
Too bad they didn't have a deal with NGC...

 
At April 16, 2011 at 9:43 AM , Anonymous Anonymous said...

Keep them as BU. At least they are encapsulated and authenticated as well as severely curtailing toning issues.

If you sell them years from now there will be no issues with authenticating them.

Plus is costs you nothing extra!

For me it's a no brainer in my humble opinion. I could care less that I can't read the 5oz bullion lettering stamped on the side.

Also for investment purposes, people seem to gravitate more towards PCGS than NGC and therefore pay a higher premium. Just look at the First Spouse series pricing with NGC70's and PCGS70's

 
At April 16, 2011 at 10:15 AM , Anonymous Anonymous said...

Encasements and labels aside, I plan to avoid all TPG scams and keep my two sets in airtites. This is for the collectors among us. Also FYI there seem to be way more long term encapsulation toning issues with PCGS than NGC.

 
At April 16, 2011 at 10:49 AM , Anonymous Anonymous said...

We'll wait and see if there will be any Intercept Shields for these puppies!

As far as raw is concerned, if you're not going to sell them in the future then I understand. For me, I like holding the large slab so I can view the coin better. Also, not all my air tites are so "tite" and come apart since they are not sealed shut.

I have no real emotional attachment to these and sometime in the future when I plan to sell them, I think I'll get more money slabbed. Look now at buying 20 ASE's. It's cheaper raw in a tube or album compared with a PCGS or NGC box of 20.

I keep my other numismatic stuff from the mint unslabbed. I enjoy the proof buffaloes in the box.

 
At April 16, 2011 at 11:16 AM , Anonymous Anonymous said...

The Mint has posted the Proof AGEs singles and set in the upcoming products scheduled for 4/21.

 
At April 16, 2011 at 12:18 PM , Anonymous Leo S. said...

Anyone

Every time I log into APMEX to see if the 5 oz coins are for sale, there doesn't seem to be any way to order them. What steps do you take to get through to the order portion of the website?

Help!!!!

 
At April 16, 2011 at 12:54 PM , Anonymous Anonymous said...

type atb in their search block

 
At April 16, 2011 at 12:56 PM , Anonymous Anonymous said...

Remember you needed to have signed up for the alert. You would have received an e-mail if you were selected.

If you didn't get an e-mail you can still try.

Log into your APMEX account.

Copy and paste the URL:
http://www.apmex.com/product/59810/default.aspx

Go ahead with making the purchase. Once you reach the second or third step it will either allow you to purchase it or not depending if you have been selected.

 
At April 16, 2011 at 1:08 PM , Anonymous Anonymous said...

Just read the post about atb being on sale so I tried to place an order and it was successful.

Logged into my email and saw they also sent me a notice that i was qualified to order. I guess they did not sell out in the first round (April 15). Second round is April 18? I signed up for an alert a long time ago.



The wait is finally over! You asked to be alerted when the America The Beautiful 5 Ounce Silver Coin Sets became available. This is your only notice and you must take action quickly. We had over 18,000 requests for these coins and now is your opportunity to obtain one of these sets. You must act now because this offer is first come, first served and you don't want this opportunity to pass you by.

You have until midnight (CST) Monday, April 18th, 2011, to go to the APMEX website and purchase your own set. These coins will sell out quickly so ACT NOW because there may not be any left by Monday. According to the U.S. Mint's special provisions for these coins, only one set may be purchased per U.S. household.

 
At April 16, 2011 at 1:14 PM , Anonymous Anonymous said...

APMEX - 719 ATBs left in stock. Will they last the weekend?

 
At April 16, 2011 at 1:57 PM , Blogger Unknown said...

Get them in the PCGS slabs. The set is instantly worth about $200.00 more than raw. Also, I have a set in the raw so that I could see the incused edge lettering. Underwhelming at best. Very disappointing. Get the slabs.

 
At April 16, 2011 at 2:00 PM , Anonymous Anonymous said...

APMEX must not have gotten many orders. They just sent emails to my wife and 2 sisters who I signed up for alerts back when the first set came out.

None of them ever placed an order with APMEX, only asked for alerts on the 5 oz. set. All 3 got the email that they can order until Monday the 18th.

No, I'm not going to order 3 more! I already got 10 sets. Well, maybe one more, since they are under melt...

 
At April 16, 2011 at 3:37 PM , Anonymous Anonymous said...

what is promo code for apmex 2010 atb set?

 
At April 16, 2011 at 4:05 PM , Anonymous Anonymous said...

I bought 5 sets of atb from different APs. I can say this I had fun with the whole experiance. I dont know we will ever see this rush again in any of the series to come, but thank you guys for the fun.

 
At April 16, 2011 at 4:23 PM , Anonymous Anonymous said...

Totally agree. I got three sets, hoping for a set through APMEX, but not sad if it doesn't happen. This has been the most fun I've had collecting so far.

 
At April 16, 2011 at 5:03 PM , Anonymous Anonymous said...

To the above posters --

I am really happy that you had fun collecting your multiple sets of ATB bullion coins.

For those of us who don't have as much $$ to spend, I'll be happy with my regular sized silver ATB quarters.

 
At April 16, 2011 at 5:10 PM , Anonymous Anonymous said...

Promo code for APMEX anyone?

 
At April 16, 2011 at 5:26 PM , Anonymous Leo S said...

Anyone

Got to step 2 and 3 and APMEX wanted a promo code. I don't have one, how do you get one?

Help!!!

 
At April 16, 2011 at 5:32 PM , Anonymous Anonymous said...

YOU DON'T NEED ONE

 
At April 16, 2011 at 5:48 PM , Anonymous Anonymous said...

without promo code I receiving this info

We are sorry, your Customer ID was not selected to be eligible to purchase one of these items.
(#59810) 2010 5 oz Silver ATB 5-Coin Set PCGS BU or Better (May 13th)
These items have been removed from your cart.

 
At April 16, 2011 at 5:55 PM , Anonymous Leo S. said...

Same here. For some reason it seems you must have a code. Can anyone help?

Leo

 
At April 16, 2011 at 5:56 PM , Anonymous Anonymous said...

The promo code has nothing to do with that. Its just for added discounts.

 
At April 16, 2011 at 5:58 PM , Anonymous Leo S. said...

Anyone

I'm still trying to get just 1 set from anyone of the AP's. How to I get selected from APMEX. Are they out of the sets again and should I try later???

 
At April 16, 2011 at 6:01 PM , Anonymous Anonymous said...

They still have over 500.

 
At April 16, 2011 at 6:06 PM , Anonymous Leo S. said...

It doesn't matter if they have 500 if they don't select you to get a set. Do they like to to paid a certain way, Credit Card, Bank Draft, what? If you are not selected should you just give up???

 
At April 16, 2011 at 6:11 PM , Anonymous Anonymous said...

Sorry Leo, i donot know what to tell you, keep trying

 
At April 16, 2011 at 7:45 PM , Anonymous Anonymous said...

IT HAS NOTHING TO DO WITH A PROMO CODE!!!

YOU NEEDED TO SIGN UP FOR AN ALERT TO RECEIVE AN E-MAIL WHEN THEY HAD THEM IN STOCK.

EVEN IF YOU HAD AN ALERT IT IS A LOTTERY WITH WHOM THEY PICK BECAUSE THEY HAD 18,000 REQUESTS TO ORDER A SET.

YES I AM WRITING IN ALL CAPITALS FOR A REASON. YES I AM SHOUTING.

 
At April 16, 2011 at 7:54 PM , Anonymous Anonymous said...

To order from APMEX you needed to sign up to get an alert when they were back in stock. If you didn't sign up, then it's now too late.

Next you needed to have been picked and have gotten an email.

The "promo code" part has nothing to do with it. That's unrelated and is on every order in case you got a 5% off coupon or free shipping offer.

 
At April 16, 2011 at 8:16 PM , Anonymous Leo S said...

Thanks for the information, especially the shouter. Us old guys take a while to learn. I'll look around on the other AP's and maybe I'll get lucky and get a set. Anyway, there is always the Mint coming up soon.

Thanks again

Leo

 
At April 16, 2011 at 8:41 PM , Anonymous Anonymous said...

@ Anonymous said...
APMEX - 719 ATBs left in stock. Will they last the weekend?

April 16, 2011 1:14 PM

------------------

You can buy them at a lower price at shows or even e bay has them for under 1000. Why give Apmex your money after what they pulled.

 
At April 16, 2011 at 9:13 PM , Anonymous Anonymous said...

I think that if you signed up for an alert and still are unable to place an order with Apmex then just wait till tomorrow eve. or Monday. I was too unale to buy 1st round, but on Friday checked and seems like my account got access to purchase the set. Got it on Saturday. But the glorious email I receive after the fact. Weird how that can happen but keep your eyes open tomorrow, hopefully you will get your set! I don't think that everyone who signed up for an alert will get a set. I have 2 friends who already got multiple set from different APs and are no longer interested in getting one. The list will end sometime.
BuffaloPete
BuffaloPete

 
At April 16, 2011 at 9:16 PM , Anonymous Anonymous said...

Sorry for my spelling but I'm typing on my iPod and it's a pain!
BuffaloPete

 
At April 17, 2011 at 2:02 AM , Anonymous Anonymous said...

Getting at least one of the 33,000 sets of bullion coins has been relatively easy for those willing to pay.

That then brings up the question of what will the future value of these sets be with relatively low demand? And what will their value be when silver values fall from historic highs?

Of course, those who respond will likely say that values will continue to go up. But will they? I have seen a lot of speculation and little facts. The real answer is that no one can predict the future. Time will certainly tell.....

 
At April 17, 2011 at 2:05 AM , Anonymous Anonymous said...

I believe the more valuable set in the future will be the US Mint's ATB 5 ounce coins. There will be fewer coins available, and they will be collector coins (vs. bullion).

For those who are spending $100s on the bullion coins, think twice if you believe they will increase significantly in value during the long term.

The true value of a coin will be what others are willing to pay for it. Bullion is hot now, but will it be in the future?

 
At April 17, 2011 at 4:37 AM , Anonymous Anonymous said...

YES, and buying at almost $3.50 under spot is a SCREAMING DEAL!

 
At April 17, 2011 at 4:47 AM , Anonymous Anonymous said...

What exactly did apmex pull?

 
At April 17, 2011 at 5:27 AM , Anonymous Anonymous said...

Can prices go up for ever? NO. will be paying under $1 per gal. gasoline soon.

 
At April 17, 2011 at 5:36 AM , Anonymous Anonymous said...

...You can buy them at a lower price at shows or even e bay has them for under 1000...

You can't purchase a complete set under $1000 on eBay. The seller would be losing money on the transaction given the $950.00 to $1100.00 price point from the AP's. The cheapest you'll find is $300 per coin with a Buy It Now price which is $1500 for a set. Or you can bid on complete sets which ALL are going for over $1000. The only one at a $1000 on eBay was the AP MTB when they did their eBay sale of their balance.

I've never seen it under a $1000 at a show! These guys want to make money. Half them are crooks to begin with!

I think there will be demand for the set going forward given low mintage, first year issue and the uniqueness of it. I think there will be a certain pull back in pricing ABOVE what we paid because of buyer fatigue. But years from now, It'll be okay.

I think you'll see a psychological pullback, if not correction, in silver and other PM's in June after the quantitative easing ends. But when the govt. sits back and sees if it worked, even a donkey will give you the correct answer. Then what? ANOTHER round of quantitative easing in the future? Print MORE money to pump into the economy to jump start?

The stars are aligned for PM's moving forward. I see no bubble because of the global economic situation that support this rise UNLIKE the internet bubble and housing bubble. They were based on nothing substantive. PM's are.

Inflation hasn't even hit and probably won't for a while. That alone is a boom for PM's. Not to mention currency exchange declines, loss of purchasing power, a crap US dollar, excessive growth in the money supply, unsustainable govt debt, war (waiting for Israel to bomb Iran), terrorism, natural disasters, health pandemics and systemic financial risks such as a derivatives accident, bankruptcy of a major bank or a major corporation, defaults on bonds, derivatives contracts, insurance contracts and disruption of oil supply....inhaling....debt as a ratio of GDP increasing, huge amounts of T-bills and bonds held by foreign entities, central banks diversifying out of dollars and into gold, and the scariest of all - what if foreign investor decide to pull the plug?

I think 10% of your assets in physical PM's is not such a bad idea!

There is absolutely NO reason NOT to own a few of these if you can swing it. If you're a PM investor, these are a steal. The sets from APMEX already slabbed are $84 BELOW spot for the set!

 
At April 17, 2011 at 6:12 AM , Anonymous Anonymous said...

All of the speculative arguments for buying a set of 5 ATB 5 ounce bullion coins hold weight if the price of silver continues to rise.

But what happens when the value of silver drops? Will these bullion coins hold their value based on scarcity?

Time will tell. Buy if you're a flipper or a gambler. Power to you.

 
At April 17, 2011 at 7:00 AM , Anonymous Anonymous said...

Unlike the plat proofs and even the UHRs, you will have few flippers with many sets to sell, so long term outlook for either bullion or numismatic ATBs very bullish even if silver has a pull-back.

 
At April 17, 2011 at 7:46 AM , Anonymous Anonymous said...

Anonymous at April 17, 2011 5:27 AM:

You are clearly very immature. Grow up and see the light.

 
At April 17, 2011 at 8:26 AM , Anonymous Anonymous said...

I registered with APMEX last week so that I could buy a set of the ATB silver coins. I keep getting the message saying that I am not one of the lucky who was picked to buy.

Does anyone know a way I can buy a single set through APMEX? If I registered for an account last week, will I have a chance to own a set?

 
At April 17, 2011 at 9:02 AM , Anonymous Anonymous said...

It's the luck of the draw my friend. Like the lottery.

 
At April 17, 2011 at 9:03 AM , Anonymous Anonymous said...

It is of course possible that silver will pull back significantly from today's $42, but if you look at the facts it is not likely.

For years the world has been using up more silver than it produces. There used to be over a billion ounces of silver in stockpiles. Now those are almost gone! Right now there is more gold stockpiled in the world than silver.

And silver is used up in industrial uses, never to be recovered. Many new technologies use silver.

I think silver is permanently going to a new level. I bought a lot at $4 many years ago, but I'm still buying now. In fact I sold some gold to buy silver since I think the upside is greater.

 
At April 17, 2011 at 10:23 AM , Anonymous Anonymous said...

7:46, The post was joke,I guess I should have put HA!ha! at the end.

 
At April 17, 2011 at 10:33 AM , Anonymous Anonymous said...

Anonymous - you simply are reinforcing your immaturity.

7:46, The post was joke,I guess I should have put HA!ha! at the end.

 
At April 17, 2011 at 1:49 PM , Anonymous Anonymous said...

any word on how many ATB sets does APMEX has left?

How do you guys know that? Where do you look for the number?

I would like to buy a set from them but I wasn't the lucky one to be picked.

Thaks for your input.

 
At April 17, 2011 at 2:04 PM , Anonymous Anonymous said...

275, just fill the amount box

 
At April 17, 2011 at 2:41 PM , Anonymous Leo S said...

Just filling in the amount box doesn't help either. Have logged in 15 times and I am still not one of the chosen ones. Maybe once they have zero sets left I will be qualified. Sure hope the Mint doesn't adopt this practice or I will never see a 5 oz ATB.

 
At April 17, 2011 at 2:47 PM , Anonymous Anonymous said...

Hey Leo,

I sympathize with you, as I'm in the same boat. I really would like a set, but have not been fortunate enough to be selected.

I created an account last week, so I'm wondering if that has anything to do with being picked.

Keep the faith.

 
At April 17, 2011 at 2:56 PM , Anonymous Anonymous said...

By the way Leo, if for some reason we aren't picked by APMEX, at least we will have a chance to get these coins through the US Mint. Personally,I think the US Mint's silver coins will be collectibleand valuable in the long run. How much demand is there for regular bullion coins? I can't think of any bullion coins, gold or silver, that is worth much more than just that -- the worth of the bullion...

Things will work out for us one way or another....

 
At April 17, 2011 at 3:49 PM , Anonymous Anonymous said...

Have you checked the price of the 2008-W Gold Buffalo bullion coin selling for $3,000-$5,000? There are several bullion type coins that sell far above "spot" prices. Do your homework.....

 
At April 17, 2011 at 3:55 PM , Anonymous Anonymous said...

Anonymous at April 17, 2011 3:49 PM

You must be rookie and uninformed.

The 2008-W gold buffalo coin was issued by the US Mint and is a collector coin.

Do your homework before shooting off your mouth.... LOL!

 
At April 17, 2011 at 4:24 PM , Anonymous Anonymous said...

easy now they want a apmex set and can't get one ............

 
At April 17, 2011 at 4:33 PM , Anonymous Anonymous said...

Very frustrating to be left out, keep trying till they end.

 
At April 17, 2011 at 7:08 PM , Anonymous Anonymous said...

"You must be rookie and uninformed.

The 2008-W gold buffalo coin was issued by the US Mint and is a collector coin."

Who issued the 5 oz. ATB coins...?

 
At April 17, 2011 at 9:26 PM , Anonymous Anonymous said...

APMEX will not send out the sets until the middle of MAY.

That scares me because anything can happen in a month, like the price dropping a lot

 
At April 17, 2011 at 9:32 PM , Anonymous Anonymous said...

195 Apmex ATB sets left

 
At April 17, 2011 at 9:32 PM , Anonymous Anonymous said...

Apmex will send a set 1-3 business days after payment received. That is what their mail is saying. Base your info on facts not rumors.

 
At April 17, 2011 at 9:46 PM , Anonymous Anonymous said...

Here is what it says on APMEX

Right before at to cart

2010 5 oz Silver ATB 5-Coin Set PCGS BU or Better (May 13th)

Graded by the Professional Coin Grading Service in Brilliant Uncirculated Condition or Better! We expect to be able to ship your First Strike ATB coins on or before May 13, 2011. Per US Mint guidelines, we can only offer one set per household. Our state-of-the art packaging was custom-designed specifically for the ATB program to ensure the quality of this beautiful coin set. Please note you will be assessed a processing fee of $99.95 for each set which will be included in your overall purchase price.

 
At April 17, 2011 at 9:51 PM , Anonymous Anonymous said...

when I bougt the set I got email stating as comment above yours, plus after the payment cleared (about 9 hrs ago) got another mail reinforcing already known facts.

 
At April 17, 2011 at 9:54 PM , Anonymous Anonymous said...

Not sure if I wantto wait a month
for them to send it out.

Why a month to send them?

Just wondering

 
At April 17, 2011 at 9:57 PM , Anonymous Anonymous said...

Qty Check or Wire Credit Card
Any Qty $959.95 $988.75



Credit Card & Bank Wire Orders Ship In (1-3) Business Days!

Available: 05/13/2011

 
At April 17, 2011 at 10:22 PM , Anonymous Anonymous said...

Dear Xxxxxxx ,

We are pleased to inform you that your Credit Card payment of $988.75 for order #xxxxxxx has been processed. We expect to ship your order within 1-3 business days of this e-mail. Your estimated shipdate is Apr 20 2011 If your order has items that were “Pre-Sold”, your order will be shipped in full once those items arrive. A final e-mail notification will be sent once your order is shipped.

 
At April 18, 2011 at 1:53 AM , Anonymous Anonymous said...

And the correct answer is: by May 13th.

 
At April 18, 2011 at 2:02 AM , Anonymous Anonymous said...

Oh wow. These sets will ship in about 3-4 weeks, i.e., May 13th? And when you factor in shipping times, then it will be nearly a month.

By that time, the first of the US Mint's 5 oz ATB coins will be for sale. I personally would rather have these, as I am a collector, not a flipper. I just think that the US Mint's products are more collectiblethan those sold by authorized dealers.

Bullion coins are just that -- bullion. Their values typically are based on the market value of bullion. The US Mint's coins, on the other hand, are collectibles. Sometimes it is just the packaging, not the actual coins, that leads to a big mark up in price. Example - Lincoln Chronicles set, US Mint wrapped rolls, etc....

 
At April 18, 2011 at 2:29 AM , Anonymous Anonymous said...

I've bought alot from APMEX,and when they say by the 13th,you may have them in your hand a few days earlier.

 
At April 18, 2011 at 3:30 AM , Anonymous Anonymous said...

I think there will be a 100+ available tonight after they open it up to everyone. Those will probably be gone in 1 to 2 hrs.

 
At April 18, 2011 at 4:37 AM , Anonymous Anonymous said...

Who cares about the ship date on May 13? You're buying one of the most coveted, lowest minted bullion product, first year of series, slabbed and authenticated for $84 UNDER spot even when shipping is factored in.

You people will bitch about anything!

 
At April 18, 2011 at 5:20 AM , Anonymous Anonymous said...

Amen!!!

 
At April 18, 2011 at 6:38 AM , Anonymous Anonymous said...

"The ATB sets are a pre-sold item and will not be shipping until May 13th........APMEX"

 
At April 18, 2011 at 6:53 AM , Anonymous Anonymous said...

I think the May 13 date was posted to insure that APMEX had plenty of time to deliver the sets. I received a confirmation email from APMEX this morning, stating that my set will be shipped on Thursday April 21.

TMM

 
At April 18, 2011 at 7:43 AM , Anonymous Anonymous said...

Silver down almost a buck today.

by may 13th can you say down down down

 
At April 18, 2011 at 7:51 AM , Anonymous Anonymous said...

POP!

 
At April 18, 2011 at 10:19 AM , Anonymous Anonymous said...

Pop what?

You better be more concerned about the US losing its AAA credit rating. Take a look at the stock market today.

"Stocks dropped like a rock after Standard & Poor's Corp. cut its outlook on U.S. government debt to negative."

I hope it "pops." I'll buy more.

 
At April 18, 2011 at 10:57 AM , Anonymous Anonymous said...

Silver dropped a buck? Who said that? As of 2pm EST, it's up $0.07.

 
At April 18, 2011 at 11:14 AM , Anonymous Anonymous said...

Only 55 APMEX Sets left

 
At April 18, 2011 at 11:39 AM , Anonymous Anonymous said...

How do you find the count on APMEX for the atb's?

 
At April 18, 2011 at 11:43 AM , Anonymous Anonymous said...

Gold up $11
Silver up $0.26

You guys who can't get the APMEX set, it's because you weren't selected.

If you can't order one now with a few left; you're just one of the unlucky ones like poor Leo.

 
At April 18, 2011 at 11:59 AM , Anonymous Anonymous said...

48 to go...

 
At April 18, 2011 at 12:09 PM , Anonymous Anonymous said...

Where does it say how many sets are left at APMEX ?

 
At April 18, 2011 at 12:30 PM , Anonymous Anonymous said...

Enter 999 as the quantity and add to cart. It will then display how many are left. Mez

 
At April 18, 2011 at 12:39 PM , Anonymous Anonymous said...

Leo, the odds of us getting a set through APMEX are pretty slim. When I called their toll free number, I was told that 1,000s had registered.So they decided that the best way of determiningwho should get a set would be by lottery. And that seems fair, sad to say.

No wonder that many are opting out... If they created multiple accounts, then only one could be used to purchase a set since only one set could be sold to a customer.....

 
At April 18, 2011 at 12:52 PM , Anonymous Anonymous said...

You have until midnight (CST) Monday, April 18th, 2011, to go to the APMEX website and purchase your own set. These coins will sell out quickly so ACT NOW because there may not be any left by Monday. According to the U.S. Mint's special provisions for these coins, only one set may be purchased per U.S. household.

 
At April 18, 2011 at 12:59 PM , Anonymous Anonymous said...

34 to go

 
At April 18, 2011 at 2:13 PM , Anonymous Anonymous said...

Did The Gold Center in Springfield,IL sell all of their 5 oz ATB sets? Did anyone ever get to buy a set?

 
At April 18, 2011 at 3:14 PM , Anonymous Anonymous said...

Apmex... 3 left...

 
At April 18, 2011 at 3:21 PM , Anonymous Anonymous said...

hurry leo!!!!!!!!

 
At April 18, 2011 at 3:29 PM , Anonymous Anonymous said...

gone

 
At April 18, 2011 at 3:33 PM , Anonymous Anonymous said...

LEO!!!!!!!!!
.
.
.
.
.
the horror...the horror

 
At April 18, 2011 at 3:50 PM , Anonymous Anonymous said...

OH THE HUMANITY!!!!

 
At April 18, 2011 at 3:51 PM , Anonymous Anonymous said...

Hi Leo,

If you need a set, let me know. I can get you a set at cost.

 
At April 18, 2011 at 3:56 PM , Anonymous Anonymous said...

Poor Leo, i will sell you my set, only $1500, HAHAHAAH

 
At April 18, 2011 at 4:04 PM , Anonymous Anonymous said...

POP KIDs going to loose his butt in the stock market.

 
At April 18, 2011 at 4:04 PM , Anonymous Anonymous said...

POP KIDs going to loose his butt in the stock market.

 
At April 18, 2011 at 4:28 PM , Anonymous Anonymous said...

Anonymous @ April 18, 2011 4:04 PM

You are an immature man. Grow up. Or are you still living with your mom and dad and can't afford to live on your own?

 
At April 18, 2011 at 4:38 PM , Anonymous Anonymous said...

yes I'm only ten years old rolling in all silver I bought with my allowance.

 
At April 18, 2011 at 7:05 PM , Anonymous Anonymous said...

I called AMPEX for the 5 oz ATB coins and was told there was a waiting list, but I was on it. They would call me if my name came up to order a set. About 2 minutes after hanging up the phone, they called me back and said I actually WAS selected and if I wanted a set they would send me a email with all the order info. The info hit my in box before I hung up the phone. We will see what happens now, but my check is in the mail.

 
At April 18, 2011 at 7:16 PM , Anonymous Anonymous said...

It's that POP kid who is immature. He can't stand to see people make so much money in gold and silver. He's been calling the gold price a bubble since it went above $500.

 
At April 18, 2011 at 7:34 PM , Anonymous Anonymous said...

I just finished up my Passover dinner with the men at the table hounding me to sell my silver with them same tired, hackneyed anti-bullion arguments while the market took a smack today over our nation's credit worthiness. You guys would have gotten a great laugh. The argument was if someone offered me $4 for each $1 I had, would I take it? I proceeded to lay out 7 sets of ATB 5 ouncers on the table (nobody ever saw or heard of one before) and everyone's eyes ballooned open! I proclaimed these puppies weren't going anywhere! Further, I bought them BELOW spot! No matter what they said, I wouldn't budge. I sat there with a shit eating grin on my face bedazzled in 7 sets of silver hockey pucks!

I did agree however that I would sell some miscellaneous silver and junk silver. It makes sense to lock in that kind of cash....to buy another set!

 
At April 19, 2011 at 12:47 AM , Anonymous Anonymous said...

Anonymous @ April 18, 2011 7:16 PM

Grow up immature man. Time to take off those diapers and put on some pants (or a dress). Leave mom and dad and find a real job. You can't earn a living from speculating on the precious metals market.... Try it and see. HA HA!

 
At April 19, 2011 at 6:13 AM , Anonymous 10 miles from the Philly Mint said...

Just got this from APMEX

We are pleased to inform you that your Credit Card payment of $1,008.70 for order ##### has been processed. We expect to ship your order within 1-3 business days of this e-mail. Your estimated shipdate is Apr 22 2011 If your order has items that were “Pre-Sold”, your order will be shipped in full once those items arrive. A final e-mail notification will be sent once your order is shipped.
Respectfully,


The American Precious Metals Exchange

 
At April 19, 2011 at 6:23 AM , Anonymous Anonymous said...

That means may 13th,they were pre-sold.

 
At April 19, 2011 at 8:43 AM , Anonymous Anonymous said...

"You can't earn a living from speculating on the precious metals market.... Try it and see. HA HA!"

Well, the $20,000 I invested in silver since the 1990s at $4 an ounce is now worth over $200,000, and the $50,000 I invested in gold at $350 an ounce is now worth over $200,000.

Nope, I'm not making a living on it, I was just buying a little every month at my local coin store when I had spare money (instead of buying cigarettes or expensive wine or restaurants or designer clothes).

Just something to tide me over when social security checks and paper money are worthless because of inflation.

 
At April 19, 2011 at 9:17 AM , Anonymous Anonymous said...

Do you have any idea what an IP address is?

 
At April 19, 2011 at 9:55 AM , Anonymous Anonymous said...

Don't know much about these guys, but they have 5 oz ATB's 2010.

http://www.usgoldbureau.com/America-the-Beautiful-5oz-Coins?gclid=CJaS3byFqagCFYrs7QodijzYHA

 
At April 19, 2011 at 10:34 AM , Anonymous Anonymous said...

Did anyone call US Gold Bureau for a price? Wanna bet it's overpriced???

 
At April 19, 2011 at 10:37 AM , Anonymous Anonymous said...

Thanks for all the tips that all the commenters have left on the ATB sellers. I never would have known about most of them. But I've got to stop buying these!

Looking forward to the 2011s though. Wonder how they'll be marked up since there are no longer rules. Probably APMEX will be out first and set the going price.

 
At April 19, 2011 at 10:58 AM , Anonymous Anonymous said...

Silver up again 43.87
The 25 oz ATB's are looking good now for what APMEX charged

Sorry Leo !

 
At April 19, 2011 at 1:37 PM , Anonymous Anonymous said...

Thanks to this site I was able to obtain 3 sets at an average cost of about $38/oz including shipping. You can't even buy junk silver under $46 now.
Thanks again Michael
P.S. I don't really like them but the price was right.

 
At April 19, 2011 at 3:16 PM , Anonymous Anonymous said...

dillon Gage has started sellin ATB if any one cares as of 17:15 CST

 
At April 19, 2011 at 3:37 PM , Anonymous Anonymous said...

slabbed ngc bu sets $1159.00 including shipping...what happened to the mint rules

 
At April 19, 2011 at 3:44 PM , Anonymous Anonymous said...

Inflation?

 
At April 19, 2011 at 7:56 PM , Anonymous Anonymous said...

April 19, 2011 3:37 PM,
Who?
Where?

 
At April 19, 2011 at 8:04 PM , Anonymous Anonymous said...

I don't get it. Dillon Gage just stopped selling sets for $937. And acted like they were sold out. Now this for $1159.

 
At April 20, 2011 at 5:37 AM , Anonymous Anonymous said...

To the braggart speculators out there, the only two relevant prices are the buy price, and the sell price. If you haven't sold, you haven't made anything. Selling at the right time is just as important as buying at the right time.

 
At April 20, 2011 at 5:58 AM , Anonymous Anonymous said...

5:37,sounds like were snoozing when the train left the station about $35 ago.

 
At April 22, 2011 at 12:34 AM , Anonymous Anonymous said...

Sorry folks, but silver simply ain't rare. The rapid increase in values is due to speculative demand. When things settle down and the buying frenzy subsides, values will fall.

Don't get suckered in by the buying frenzy or folks talking about profits to be made. It's those who want to make a fast buck from folks like you who are prompting you to spend your hard earned cash on gold, silver, etc. they want to sell.

 
At April 22, 2011 at 12:31 PM , Anonymous Anonymous said...

The more people that buy silver, the more my stash is worth. This is a fun ride and i'm in the middle of a tube. Hoo-Ya !

 
At April 22, 2011 at 2:41 PM , Anonymous Anonymous said...

i just got my set of atb from hunt and after waiting 4 weeks i ended up getting them in pcgs holders and graded, anyone else?



it was a very nice, thanks hunt

 

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