Quick US Mint Product Updates
Before the weekend, I wanted to provide some new information on various US Mint products. This includes sales figures for the 2010-P Hot Springs Silver Coins, and release information for the Eliza Johnson First Spouse Gold Coin and 2011-W Uncirculated Gold Eagle.
2010-P Hot Springs 5 Ounce Uncirculated Coins
Sales of this highly anticipated product began at the United States Mint yesterday at 12:00 Noon ET. After taking more than 6,000 orders in the first hour, the US Mint's website went down and stayed down for about 45 minutes.Prior to the start of sales, website problems were expected and the US Mint warned customers that they may encounter delays. By the Mint's own admission, they have "an antiquated order management system". While replacing the system is a priority, it won't happen until mid-2012.
Sales continued throughout the day at a rapid pace, but it was not fast enough to result in a one day sell out. As reported on Coin Update News, through April 28, 2011 at 9:00 PM ET, the US Mint had accepted more than 19,000 orders in total. This accounts for more than 70% of the total mintage of 27,000 coins.
At the time of this post, the coins still remain available for sale on the US Mint's website.
Eliza Johnson First Spouse Gold Coins
The US Mint will begin sales of the Eliza Johnson First Spouse Gold Coins next week on May 5, 2011. This issue was originally scheduled to be released on March 3, but the release was delayed without any official explanation.A maximum mintage of 15,000 coins across proof and uncirculated versions has been announced. This is the same mintage level that was in place for the 2010 releases, except for the Mary Todd Lincoln Coin, which was set at 20,000.
If the US Mint follows prior procedures sales of the Abigail Fillmore coins will end to coincide with the start of sales for the Eliza Johnson coins. Currently, only the proof version of the Abigail Fillmore coin remains available. The last reported sales were 6,093.
2011-W Uncirculated Gold Eagle
Also on May 5, 2011, the US Mint will begin sales of the 2011-W Uncirculated Gold Eagle. This will be the first collectible uncirculated Gold Eagle issued by the US Mint since 2008. These coins are struck on specially burnished blanks and carry the "W" mint mark.Only a one ounce coin will be available. The fractional weight versions were previously announced as discontinued.
There will be no ordering limits and no stated maximum mintage levels. Pricing will be based on the average price of gold leading up to the release. If gold remains within the $1,500 to $1,549.99 range, then the coins would be $1,778 each.
Additional coverage of these two upcoming releases will be provided next week.
Labels: US Mint
posted by Mint News Blog @ 7:25 AM
231 Comments:
Good Luck to those who want one. Order Now. You will be happy you did. These Hot Springs are sure to be a winner.
Michael,
Thank you for the update on theses several important products - it is really appreciated. By the way, I really did believe the 5 ounce Hot Spring would be sold out in a number of hours, I guess I was off by a bit…
TMM
The Eliza Johnson may see another price increase thanks to this trick from the mint.
So, after 24 hours there still aren't 27,000 collectors or flippers who want the special issue hockey puck?
Weird that people on e-Bay are paying $500 a coin if you can still get one from the Mint.
I wonder if it will be safe to wait a few hours before buying the Yellowstone coin? The way the website always behaves at the opening bell, I hate to put myself through that aggravation if I don't have to. But, I would also hate to miss out!
"So, after 24 hours there still aren't 27,000 collectors or flippers who want the special issue hockey puck?"
Just wait until Chattanooga, and several of the other larger outfits/grading services send out 'buying' emails to their customer's email accounts. These people can't make money unless they convert raw coins into some form of labeled slabs. The Unc.'s are fully protected at the Mint, unlike the 33,000 proof bullion pieces that were bounced around in tubes. As such, they would be in infinitely better gradable condition, earning a higher number. Slap them into a handsome plastic holder, with a fancy label denoting the Unc. is a MS69 or MS70, and you have a real profit maker. A 27,000 universe is 6,000 less than 33,000. Assuming at least 10-20% if new-first issue items go into long term storage and unavailable for resale, you have a solid investment on your hands. Just wait......
They told us the finish on the 5oz p mint mark as brillant unc finishes, just not the 1oz bullion issues
Speaking of finishes - Has anyone else out there taken delivery of one or more Medal of Honor, UNC Silver Dollars and noticed problems with the surface finish? Especially near the edges of either side.
I took delivery of two specimens earlier this week. With both, the coins look like they have swirl marks, as if the surfaces had been wiped, and the edges are very dirty. I had intended to give them to the children of a CMH winner, but shipped both back today. Very disappointing.
With all due respect, I was more frustrated not being able to post to this blog yesterday than I was trying to order the hockey puck during the first hour. :)
I'd like one of these AGE coming out but it's just too much money! Not to mention the new proof Buffaloes coming too. It's getting too cost prohibitive. After 6 sets of the 2010 ATB's from the the AP's, I'm tapped! I'm trying my hardest to keep my portfolio at 10% PM's.
You think the gold eagle is expensive, wait until the plat eagle comes out next month. There's a good chance it will be $2192. Who's gonna buy these at that price?
Wish I could have purchased 6 - as I have six grandchildren! Looks like they will be sell these for a little longer Maybe tomorrow will be a sellout.
Take a look at gold today. My lord. This is insane. It reminds me of the dot com days in the 90's when I would refresh my screen and watch pets.com go up and up and up! The good thing here is that there is actual validity to the rise in PM's.
It looks like all the people wanting the 5oz has run out .
HSN will be selling 5oz graded ms72 by IGC AND ANAC
To be honest, the recent PM prices have me very nervous because of the underlying basis of what's really going on.
Thanks to the Fed's drop-it-from-the-helicopter approach to printing money and the idiots in WDC that have no ability to control their spending of our money, the dollar is heading for the tank. With that, so is our ability to purchase everyday goods. Tack on the fact that the current administration has shutdown oil exploration and it's going to get real bad real fast.
Yes, the rise of PMs allows many to say "I told you so," but ultimately we are all going to suffer. So long, gold ole days...
Is anyone else besides me surprised that the Mint didn't do a last minute price increase for the P-marked ATB 5 ouncer?
The Hot Springs 5 oz. silver uncirculated coin is destined to be a winner. It is the first in the series and will have a lower mintage (27K) versus it's 2010 bullion counterpart (33K). Neither are rare of course but many will want the collectors versions.
I have to say that the Mint IMHO has been very fair to collector base with both the pricing and the continued availability. I'm sure they are weeding out the redundant orders even as we speak, and the delayed delivery includes time to verify the single order per household policy. The folks at the Mint have my full support and patience as a collector.
Sounds like we have a Mint employee in our little blogosphere!
Ahhhhhhhh yes !
On NutBAY someone has you know what for 899.00 starting bid or buy it now 1250.00
OMG, this 5 oz ATB looks so big compared to a normal coin... looks like a monster!
Seriously , does it have to be so big?
2:13 PM
Wouldn't it be poetic justice if the ebay seller received the full$1250. for the coin, and then had his/ her order cancelled from the US Mint, and they had to refund the money to the buyer. I realize it would never happen, but it is nice to think about...
Are orders being cancelled as fast as new ones are being placed? I can't believe the coin is not on a wait list status yet!
When my wife found out that i ordered a 5oz from the mint, she told me that i had gone insane, and she was taking the kids and leaving me. MAYBE I HAVE GONE INSANE THIS TIME.
The much cheaper Lincoln Coin and Chronicles rare set took a few days to sell out, a $300 silver coin is going to take a few days to sell out too.
The coin will be wait listed/sold out on Monday. Nothing to worry about. This weekend? BUY BUY BUY if you can.
Yeah the PM prices spiraling out of control. The big question is, whether you gonna look back in a month and say to yourself - man that thing was DIRT CHEAP back then...
The mint cancelled my duplicate order. I had two web browsers going and one kept crashing. Comes to find out the order went thru on both. You would think that being a registered user with the mint website you will not be able to place more than one order on your account. Nevertheless the duplicate order cancellation came today, about 24 hrs after placing the original order.
Some flippers might've placed 10 orders each. That could explain partially the wide spread of order numbers and why the coin is still not sold out
Good point!
I remember it took longer than expected for the Lincoln C & C set to sell out. However, there were 50,000 of those. So, there are only slightly more than half as many of these 5 oz. Hot Springs P coins.
The price point could play a factor, but remember that 40,000 of the Washington and Adams First Spouse coins sold out in about 2 hours, and they cost over $400 a coin! The order limit was 5 per household of each (so one person could buy up to 20), so only 2,000 people could have wiped out the entire issue.
Maybe it's true that speculative purchases aren't as prevalent as they used to be. At least I won't have to worry about the Eliza Johnson coins being bought up any faster than the past few years, since the limit is still 15,000. That surprised me, since it's apparent that 15,000 coins will not sell. I was sure the limit would be lowered to 10,000 this year. Maybe next year, then.
Or maybe silver is going to slowly fall under $30/oz and the 5ozers including the Mint version will be selling for $150/coin.
Maybe we won't have a sell out of Hot Springs.
Anyone nervous at all?
Don't panic!
This is a classic indication of the uncontrolled hype that is creeping into the hobby. Clearly whoever wants one can get one - the Mint appears to have set up a very fair distribution system.
"Speaking of finishes - Has anyone else out there taken delivery of one or more Medal of Honor, UNC Silver Dollars and noticed problems with the surface finish? Especially near the edges of either side"
YES, my silver $ has what looks like pink toning around the edge... I was wondering if the coins had been made a while ago and then stored somewhere...
5 ounce hot springs after a day and a quarter. the mint still not sell them out. i wonder why?.
american eagle one ounce proof. some dealers were now selling them at between $105.00 to $115.00 each.
apmex is selling gold and silver after market close at a higher premium. gold ask price is $1,571.30/oz. and silver ask price is $48.19/oz.
gold is now predicted to hit $2,000.00 by year end instead of $1,600.00. and $5,000.00 after said two to three years. and silver at three digits.
see new coins coming out from the u.s. mint are to be very expensive. like silver eagle proof will be over $100.00 and commemorative silver dollar proof near $100.00. if based on today's price.
2011w american eagle burnished uncirculated one ounce gold will be out without fractional. see 1/2 oz, 1/4 oz and 1/10 oz. AGE should perform very well and good price appreciation. since fractional is discontinue forever. maybe 50% more above current prices for burnished fractional soon.
The limit of 15K coins for the gold Eliza Johnson spouse coin is just that...a maximum limit (not a minimum). The mint could sell only one proof and unc coin and still meet the requirements of what they said they would offer. And there is absolutely no way the UGLY Eliza Johnson coin will sell anywhere close to 15K. My guess is that it will sell 5K tops in proof and 3K tops in Unc due to cost AND what the Mint produced. JMO.
To the person asking about the MOH commemoratives...I ordered 2 each, proof and BU. All 4 had distracting marks and one proof had a major scrape. I'm sending all 4 back...whick is the first time I returned anything since I started ordering 10 years ago. Not sure what happened with the usually good quality control.
at $1,550.00 to $1,599.99 per ounce of gold. here are the new prices:
am eagle gold proof:
one ounce - $1,835.00
half ounce - $931.00
1/4 ounce - $478.00
1/2 ounce - $205.50
4 coin set - $3,400.50
am eagle gold burnished unc:
one ounce - $1,828.00
am buffalo 1 oz gold proof - $1,860.00
first spouse 1/2 oz proof - $954.00
first spouse 1/2 oz unc - $941.00
On my MOH stuff, I had 2 flawless proofs, but 2 bad UNC's. Esp. the unc silver dollar look so ugly I just have to return it.
I called the min a few hours ago about 9 pm on the 29th and asked why there was a hold on my order for the 5 oz ATB unc. The customer service representative was very pleasant. He said that there was a hold on all orders until the mint was able to eliminate the extra orders of people who had placed multiple orders. Makes sense.
I only ordered one Medal of Honor coin, the gold proof. When it arrived it was absolutely flawless, I am little surprised to hear these stories of major problems with them. The one that arrived in bad condition for me was the uncirculated army commemorative half-dollar (had toning and looked like it might have been handled).
A friend at work bought both the silver MoH coins, I will have to give them a close look on Monday. I'd been considering purchasing an uncirculated version of the gold coin since I liked it so much, but now I'm having second thoughts.
There has been about 45000 order numbers since yesterday morning. The US Mint ususally has about 10000 daily orders when there isnt a debut happening. Therefore, in my opinion, these Hot Springs Coins are most certainly sold out. I realize the Wait List isn't posted, but I would be willing to be that all orders placed today will be cancelled. I'm not sure why they haven't posted the wait list yet, but there is no way with that many order numbers that this thing isn't sold out.
There has been about 45000 order numbers since yesterday morning. The US Mint ususally has about 10000 daily orders when there isnt a debut happening. Therefore, in my opinion, these Hot Springs Coins are most certainly sold out. I realize the Wait List isn't posted, but I would be willing to be that all orders placed today will be cancelled. I'm not sure why they haven't posted the wait list yet, but there is no way with that many order numbers that this thing isn't sold out.
I agree with you. It is hard to believe that 5ozer ATB is not sold out with that kind of number. But the Mint is government run so you cannot expect too much. It will take them over the weekend to figure that out.
Eliza Johnson at $954/$941 is just too much. I'm glad I have all but the Harrison so far, but I just can't justify 1K for these coins, no matter what the aftermarket may be. I'll wait and see if gold corrects. If not, I'm done. Will keep the keys and Liberties and sell the others after some more price appreciation.
What are others planning to do?
Got my MOH's this week too. The gold UNC is fine, probably not a 70 but it's decent. The proof dollar is fine too, but as with others the BU dollar has a weird color around the inside edges of both sides. Will return too and no point in getting another as they must all look this way. Maybe later they will figure out what happened and fix the process.
The Hot Springs ATB 5 ounce coin still is not sold out. Maybe we will be able to buy 2 or 3 after a week passes by.
What has happened reminds me of all the hype surrounding the Boy Scouts coin. Everyone expected a sell out within a week. It took several MONTHS before there was a sell out.
I think people realize that the Hot Springs coin and value of its silver is overpriced for now. When the price of silver pops, will these 5 ounce coins hold their value?
I am not interested at all in buying the US mint collector Eagle gold coins. The value right now is based on bullion content.
So with that being said, why not simply buy the dealer bullion coin? It cost less and will take less time to recoup any mark up price when the price of gold goes up.
Michael,
I'd like your frank opinion. Which is the better long-term buy for a US Mint coin COLLECTOR (not a flipper or bullion investor)....
Gold products or silver products? Both seem to be overpriced right now. The precious metal bulls will say, that prices will rise in the future, but I don't think so.
I am reluctant to buy gold or silver coins at historically high prices when a year or two later (perhaps), I can get them at much lower prices.
Your thoughts Michael? Do you see any good US Mint buys in your opinion?
buy any gold and silver collector's series from the mint. cause gold is gonna go up this year to $2,000.00 and possibly $5,000.00 within two to three years. and silver might pass $100.00 to $140.00 area.
i don't like the bullion gold and silver from dealers. mostly were being choose for slabbing. coins have no protection from outside foreign materials. and sometimes you got those second handed coins. coins being sold back to dealers and you buy from them.
My name isn't "Michael", but I'll offer an opinion...
There are three (3) components (imo) that determine "potential" future value of modern US Mint products; Mintage, Collector Base, and Distribution.
When relating Silver products to Gold products, I would say that the higher priced gold products generally have lower mintages, a wider distribution and a fairly consistent collector base.
I would "go for the Gold!", if I were you...(jmho).
The Hot Springs should be the best value out there. No other product other than this will double in value in a year. I posted two years ago the same thing about the UHR.
The US Mint shows that the Hot Springs P coin is still available to order as of this writing. No quick sell out, that's for sure.
The issue is not what the cost of silver gold will be when buying mint items (it helps though) but the demand. The silver items have more bang for the buck but are few and far between. Gold on the other hand tends to hold their prices better and have more winners. To put this in perspective the silver buffaloes were selling at $300 with spot price in the $20-$30s with the most of the other commemoratives selling for spot price. If you think these are winners pick one up now if not and you think spot prices will go down then wait, but I have been hearing about the crash in PMs for years and I suspect it will go up before it goes back down
I bet the Hot Springs is already sold out, and the Mint is just trying to figure out the orders.
Yeah, I don't think anybody is home at the Mint over the weekend, so there is no one there to post a "wait list" notice. We'll most likely see it first thing Monday morning.
3 pm Friday government workers go home!
Actually, you can still contact the US Mint's product ordering service during the weekend.
I just called them within the past 5 minutes and talked to a representative. According to the rep, they are still taking orders for the ATB Hot Spring P coin. They are not yet sold out.
Mintage mintage mintage that will keep the 2010 ATB coins value increasing.
To: April 30, 2011 8:22 AM
Mintage, mintage, mintage.... I guess the First Spouse gold coins will be worth millions in the future! Time to buy them all...
It is most definately sold out. Anyone that thinks differently is in denial.
To: April 30, 2011 8:32 AM
You can call the US Mint's ordering service. They will tell you that they are NOT sold out yet and that there still is NO waiting list as of this writing.
Call 1-800-USA-MINT.
LOL Some of you are being quite ridiculous about the fact that a sellout won't happen until Monday. As everyone knows, the Lincoln Coin and Chronicles took several days to sell 50,000 units at under $100 each... so I find it hilarious that some of you seem surprised that it will take 3-4 days for a $300 item to sell 25,000 units. I personally never expected a 24 hour sellout, because I remembered the LCC... it's just common sense people. If anyone was allowed to order more than 1, of course a 12 hour sellout would have happened... but there is a limit.
Just because you can still order it online does not mean it is a lock. Come Monday, anyone ordering this weekend will either be put on the waiting list or simply not get a set.
There just aren't enough collectors to buy these. How can that be?
One thing people should consider about Ebay prices. If a dealer has a bunch of a coin, he can have 2 friends bid it up to a ridiculous price and then future people looking it up will think it is worth that since someone else paid that.
If you had a lot of something it would be worth selling a few to yourself and paying the commission if it raises the value of your whole stock.
In fact a bunch of dealers can agree to never let it go below a certain price as long are there aren't too many flippers holding them.
It is simple - the hypsters want a hasty sell out so they can collect hot gains on what they imagine is heated demand. Hence the speculation of 24-hour sell outs and so on...
The collectors don't care - they have their single, to have and to hold a piece of history.
The Mint is just selling their inventory - nothing personal : strictly business.
Order numbers don't lie. I believe there were a lot of cancelations, but the order numbers range around 45000 in 24 hours. Do you believe that half were faulty orders? I think not. Also, these have way more demand than the Lincoln Coins and Chronicles simply due to the mintage. There were 50000 Lincoln Chronicles sets, but that was simply packaging. There were way more Silver dollars and copper cents. Anyway, these are sold out and you will see on Monday. PS. I don't believe US Mint Representatives!
see this one 2010p first coin of the first series will move up to over $1,500.00 soon.
forget about the bullion one. they will move lower. they are just bullion.
Michael,
Do you have the latest (as of today) sales numbers for the Hot Spring P coin from the US Mint?
If come Monday I don't see a sell out, I am going to cancel my purchase. I will just buy the graded coin on eBay. Better yet, I'll just pre-sale the coin on eBay.
Having said that, I am pretty confident it is just the slow government run Mint process of counting the sales. You would think the computer does it all. But you can't expect too much from the Mint or you'll be disappointed.
When I called the Mint's 800 toll free number about the Hot Spring P coin, the guy on the phone said he thought the coin would likely sell out on Tuesday of next week. But that was simply a projection on his part.
Must be several 1,000 left for him to think that. He probably based on it on number of orders he received today as well.
Try it. Call the toll free number. You'll find that they are still taking orders and there is no waiting list.
Has anyone ordered and received their 2010 ATB 5 ounce bullion coins from Prudential?
I just got a letter from them today, saying that they got my check. I realize that it will ship from another location (Delaware). Just wondering what condition the coins can be expected to be in.
I'm unsure what the going price for these ungraded bullion coins are. Any idea? And should I open the box or sell them on eBay?
How soon everyone has forgotten that a couple of months back, many collectors canceled their Mint accounts. Some said for good, never to buy from them again. This is likely one aspect of the hyped up sell-out of Hot Springs not occuring. I also might add when I canceled my order for a proof silver and gold MOH a few weeks back, this week I got in the mail from the Mint, their Spring 2011 Gift Catalog. It is Neat. Makes me wonder HHHMMMM!
Side note regarding the 2010 ATB 5 coin bullion set. I got my order from Fidelitrade the other day and was pleased to see they were shipped already in air-tite capsules. That was a nice suprise but I wish I had known they were going to ship with these, as I wouldn't have ordered the set of air-tites seperately. Others said theirs came merely in bubblewrap. Pleased to see Fidelitrade went that extra distance.
What I find interesting is that folks here are comparing the Lincoln C&C set with the Hot Springs P silver coin.
There really isn't much to compare. Lincoln is more popular and sells well. Plus the initial sales price of $50 - $60 is much more affordable than the Hot Springs coin.
How many folks really have $280 to spend on a discretionary item when unemployment is still high? $50 - $60, OK, but $280?
I'm sure if you are a true collector then you get your one and only to have and to hold - a piece of history. The Mint distribution system is fair to all: collectors / those blinded by hyped up ambitions of quick resales for profit. There is a dealer who wished to purchase 400+ units at barely above cost. This is one way of getting around the Mint's fair ways, but the last word is that the Mint is fair to all citizens and offers uniform access regardless of creed, credence, and credibility.
On another of Michael's blog, some were saying that the ATB bullion coins would be more valuable than the Mint's P coin.
If you check around the internet, the value per coin is higher for the Mint's coin than the average value for all 5 of the bullion coins.
I have a question about coin grading for the ATB silver coins.
I got my Jack Hunt coins last week. I noticed that most of them have "streaks" on them, kind of similar to grains on a board. Does that detract from the coin's grade at all?
Also, I noticed that one or two of my coins have uneven/spotty finishes. Does that impact the grade level?
I plan to order a few more after the Mint lifts the one per household restriction. Will they do that on Thursday? If so, the website might crash again.
...I am reluctant to buy gold or silver coins at historically high prices when a year or two later (perhaps), I can get them at much lower prices...
Buy numismatic type gold instead. Even though gold is through the roof, the prices on type gold is it's lowest in years. Its a great value investment. If you can swing about $10,000 you can buy a PCGS MS63 8 piece type set. In my opinion, that's the grade I'd invest in.
I'm gonna cancel my 5oz P ATB purchase. Perhaps its really a sleeper. Will save the money for other buys.
This coin just not selling out.... lol ...quite a letdown I must say....
Maybe a 5 Oz "coin" just have no appeal and collector interest
"What has happened reminds me of all the hype surrounding the Boy Scouts coin. Everyone expected a sell out within a week. It took several MONTHS before there was a sell out."
Never read anything of the sort regarding a quick sellout of the Boy Scout coin. They were derided quite heavily for the PC design from the start. Total mintage was 350,000 so everyone knew it would be months, not a week to sell this out, if at all.
I'll eat one of my 5 oz. ATB coins if the Hot Springs isn't sold out by next Thursday.
I'll cancel my ATB order if it isn't sold out bu Mon!
Reality check:
Michael wrote the 70% of the coins were sold in less than 2 days.
The coins will sell out buy Monday afternoon if not sooner. Gold has been rising on Friday, silver will follow. Best offering yet this year.
LOL, I wonder what's going on with the 5 Oz ATB; where's all the filppers?
I think we can expect a sell out by next Thursday. The big disappointment is that these coins have not sold out as quickly as most people speculated.
But then again, how many average Americans have or want to spend $280 on a coin? If you mouths to feed, bills to pay, places to go, etc., why spend it on a coin (unless you're a collector, flipper, or precious metal investor, like what you see here on this blog)?
Think about it... $280 is more that what I spend on groceries for a month, would fill up several tanks of gasoline, etc.
----------------
I'll eat one of my 5 oz. ATB coins if the Hot Springs isn't sold out by next Thursday.
I think they are still on sale because a good number of people tried to get more than one and orders are now being cancelled. Also, some people who really did not want one (or could not afford one) or are just scared off by the lack of a 1-2 hour sell out are canceling their orders. It will all be sorted out early next week when the mint employees return to work. I still believe this one is a winner for many reasons.
Even if you don't want the Hot Springs P ATB coin, buy one and give it to ModernCoinMart for $30... there is no reason EVERYONE shouldn't buy this coin.
As of the other day only 7,000 orders were needed for a sellout to happen... I can't imagine it lasting past Monday.
Even if it does, the Mint would remove the household limit Thursday/Friday and it would sellout in hours.
Its looking more and more like 2011 will be the last year for silver eagle. ITS BEEN A 25 YEAR RUN. We will just have to wait and see.
The comment below is insane. Why spend $279 on a coin and sell it for $30?
---------------
Even if you don't want the Hot Springs P ATB coin, buy one and give it to ModernCoinMart for $30... there is no reason EVERYONE shouldn't buy this coin.
To: April 30, 2011 3:32 PM...
As long as the US Mint can earn a profit from selling silver eagle, sales will continue.
Think back to all of the mint's poor performers, like collector spoons, the Presidential signature sets, and Young Collector sets. Not popular, popular, or required by law. Where are they now?
-------------------
Its looking more and more like 2011 will be the last year for silver eagle. ITS BEEN A 25 YEAR RUN. We will just have to wait and see.
No offense, but the Hot Springs coin is one of the least appealing ATB designs I have seen so far.
Here's looking forward to Yellowstone and Yosemite....!
ModernCoinMart is offering $330 for the Hockey Puck, I do believe the "$30" remark was meant as a $30 profit, but it would actually be more, they are giving $25 to ship it as well. Pretty sure you can mail it with ins cheaper than that.
On a side note, AMPEX offered to buy back my 5 pc ATB set for $1250, and they have not even mailed them to me yet.
to 4:16...yes you could ship it for less than $25, but they are giving you $25 for "overnight" shipping...so it would cost you about $25.
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.
I'm comment #100!
Buy Hot Springs while you can.
Game will be over by Monday!
I got the same email from APMEX and I haven't rec'd my coins either. They were supposed to ship on 4-28 but I never rec'd an email comformation but I hope to get them soon.
CG
I wonder if my 2010 ATB coins haven't shipped yet if I contacted APMEX and told them to just keep the coins and just send me the $270 difference if they would do that - although I'm not sure I would want to but it is worth considering.
CG
the $270 would just about cover the cost of the 2010 ATB HS coin I ordered from the mint - I kind of like the way APMEX does business although this is my first time I've ever ordered from them.
CG
I think I will hang onto mine for a while. Considering the lower mintage than the rest they are making, I think they will only go up in time. I plan to buy only the first 5 P's as well, to go with the bullion set. Might be worth a tad more to someone down the road with all 10 available at one time.
I think I will keep my 2010 ATB coins I ordered from APMEX also. This will be the only set I will have since I missed out on all the other sets offered by all the other sellers.
I sent a check to Fidelitrade on 4-08 for the 2010 ATB coins but I beleive they sold out right about the same time and I've called them twice and was told I should expect to get my check and app. back but so far I haven't rec'd it yet.
CG
A total mintage of 60,000 coins for the ATB silver/bullion coins ain't that rare. We'll just have to see what DEMAND will be in the future.
If there ain't going to be much demand for the five ounce silver coins, then they will at least be worth their weight in bullion.
Remember that most of the first spouse gold coins have a much, much lower mintage. Few are winners - at least they are worth their gold/bullion content.
"They were supposed to ship on 4-28"
Didn't the title of the APMEX ATB set say "May 13"?
The computer automatically puts a ship date 7 days after your payment is received, but if the item is not scheduled to be released by APMEX until a later date, you go by the later date.
Check your order and see if you didn't order a set that says "May 13" in the title.
AMPEX est ship date, 4-29.
@
Didn't the title of the APMEX ATB set say "May 13"?
I talked to them last week and was told the coins will go out for delivery on May 13th because they are still being slabbed by PCGS
I think I remember something like that when I talked to them, the day I placed my order. But the day is clearly on my page. My order status says "checked into vault B", whatever that means.
I was just referring to my email of pymt rec'd from APMEX that stated my expected ship date was 4-28 but I would get another email comfirming the actual ship date. I don't even know why there should be any delay at all after the holding period for mt check since they should of had these coins since last year - but who knows.
CG
CNT told me two weeks, four weeks ago.
Not a peep since.
Anyone heard from them lately?
May 1, 2011 -- and the ATB Hot Spring P coin is still selling on the US Mint website....
I am curious how the seller from Blue Moon Coins, who is selling sets of NGC-certfied ATB silver coin sets, has been able to amass such a huge inventory of these sets.
I thought authorized sellers were only allowed to sell one set of 5 ouncers to a household. I aee crates of what appear to be boxed coins in the ebay picture. Do you think the owner of Blue Moon Coins has an inside track from an authorized seller?
Just wondering how some folks are able to work around the system.... Perhaps they have huge families?
I hope that the Hot Springs coins will NOT sell out after a week. That way I can buy at least two. One to keep, one to flip.
Maybe another one for Ice hockey?
Anyone check ? Mint site is down!
Just check my order; it's all gone.
Did the Mint delete all our orders?
CNT told me two weeks, four weeks ago.
Not a peep since.
Anyone heard from them lately?
April 30, 2011 8:14 PM
I just signed for my ATB set from CNT Saturday. A few days before that I received an email notification that it had shipped with the Registered Mail tracking info. As previous posts have said, these AP's are big-time businesses that can be trusted to buy from. Patience.
TO: May 1, 2011 3:45 AM
I went to the mint site. I can track my order and my order is still there. Stop worrying.
You have to be careful of all the hype about certain coins. Remember the popular 2009 Lincoln penny varieties? If you check eBay, you can find first day of issue, US Mint rolls of pennies, etc. going for rock bottom prices and some have not even been sold.
Is spending $280 on a silver bullion coin worth the chance of future gains when silver is historically higher than it's been in decades? Perhaps if you're a flipper. If you're in it for the long haul, think about it.
My CNT 5 oz ATB came yesterday, but the mail man missed me. I'll have to pick it up tomorrow at the post office. I can't wait to see those baby. Don't worries about you order with CNT. I was at first, but after reading some comment here, I was not so worry then.
If the 5 oz 'P' last till Thursday, I'll pick up a couple more.
why not sell out quick?.
very few collectors for 5 oz. just like the first spouse gold.
the mintage for 5 oz is considered very high. and the bullion one were the first to send out for dealers and collectors.
the dealers are not buying and participate. they are busy for their own bullion one. the 2011.
as a coin collector. this 5 oz coin is never use for general circulation as money before. therefore. it looks like not real. it only fits a medal-like i suppose.
the price is almost all time record high. people wait to see price lower before they get in. last year the 5 oz should have only cost us way below $100.00 each.
one ounce is always better than above (5 or 10 oz) or below sizes (1/4 oz or 1/10 oz). how you gonna carry a 5 oz coin in your pocket?.
these were some of the reasons 5 oz is not so popular. but it will certainly sell out due to first issue and / or first set coming out of a series.
and i think the next one will be around $325.00 to $350.00 depending on the spot silver. but i will not buy them.
I just noticed a 2010 5 oz ATB HS NP1 coin pre sold on ebay for $450 on 4-29.
Another seller is claiming these coins sold out first day and he even sites this website at the bottom (in q & a about item) and there are 7 bids with the current bid at $392:
http://cgi.ebay.com/2010-P-HOT-SPRINGS-AMERICA-BEAUTIFUL-5oz-NP1-Pre-/270742107017?_trksid=p4340.m1374&_trkparms=algo%3DPI%26its%3DC%26itu%3DUCC%26otn%3D15%26ps%3D63%26clkid%3D8843641795565821579
CG
another ebay auction of the NP1 coin has 2 bids with the current bid at $442.77 - auction ends in 3 hrs.
People are already flipping and making money off these coins.
CG
Ship date now says 5/15.
35 coins sold on eBay with a price between $420 and $500 in the last 3 days. The prices are starting to come down a bit though...
I bought one just in case, if silver drops in price, I WILL collect this series since I can afford it. If not, after a year, sell whatever has been accumulated and take the metal profits.
off the topic but is paypal gona send 1099 for over $20000 or 200 transcations, any info? i heard they gona start that this year.
May 1, 2011 -- and the ATB Hot Spring P coin is still selling on the US Mint website....
You won't be saying the same thing by tomorrow night...
The reason the us mint calls the finish on the w mint mark bullion issues ,similar to its bullion counter part, is because they don,t want you to no what the finish is. when they tell us ,it will be on to get the subsets. Same thing they did from 1907-1930 on dollars in silver and gold
i heard the 1099 provision in the "health care act", regarding coin sales over $600 (?) was removed. i think this occurred aout a month ago.
If you surf the internet and check out financial analysts' projections of gold and silver values, you'll find many of them saying that previous metal values will continue rise a little higher, but will then pull back.
The risk/reward raito for gold being the most favorable. Silver is at near-bubble status and a pullback is just around the corner.
These are financial experts/analysts make such predictions, not coin flippers or speculators...
Do yourself a favor and don't believe half of what you read on the web.
Who in their right state of mind would spend more than $280 per ATB coin? One of the EBAY listings mentions "Sold Out" in the middle of the description section of the listing. "Sold Out" ? wow!, I guess Ebay is more up to date than the usmint.gov website ?
Anyone familiar with the terms : "shill bidding" and "buyer's remorse" ? just some food for thought from someone that doesn't know much about numismatic products.
Who would pay more than $280? Coin speculators and coin flippers. A collector of coins will typically buy just one to fill a hole in his/her collection.
You'll find plenty of speculators and flippers on this blog. They are the ones who think that gold and silver will rise in value indefintely ;O)
-----------------
Who in their right state of mind would spend more than $280 per ATB coin? One of the EBAY listings mentions "Sold Out" in the middle of the description section of the listing. "Sold Out" ? wow!, I guess Ebay is more up to date than the usmint.gov website ?
Anyone familiar with the terms : "shill bidding" and "buyer's remorse" ? just some food for thought from someone that doesn't know much about numismatic products
There are lots of people who cannot buy direct from the Mint. I know that for sure from a dealer who send to customers overseas. These customers are willing to pay big premium since most eBay sellers don't ship beyond the lower 48 states. I wouldn't be surprised if some of these dealers are buying from eBay because of the limit buy.
Notice that at the coin shows, at the US Mint kiosk, foreigners are the one buying up US coins in cash. They are particularly crazy about the UHR Eagle coin.
Warren Buffett has been preaching that gold will crash for almost the whole decade. I think you should listen to him and his followers now as we face largest global economical downfall and inflation, not to mention US $ near default. People say silver will crash, that it's a bubble, that the explosion, the parabolic move, the peak is now. Silver has been on the rise for awhile. It has been artificially undervalued in 08 where it was on course to reach $50. It only cought up with it's value. I believe it is still undervalued comparing to gold and inflation and first and foremost it is still in backwardation ( some call it bakwardization). If you want to see a parabolic graph check out the one of US Federal debt!
Sell your gold and silver. Bring a little dip. I'll buy more then.
I can not imagine that the Mint has any 5 OZers left, with over 19,000 being sold the first day. By not announcing a sell out, they are basically keeping the after market prices down some, but even if you sell for 400-425 right now on the Bay, thats still a nice little profit for something you dont even have yet.
Does anyone know of a more -honest
-reputable
-recognized
-unbiased
-fair
-pro-seller
place to trade coins other than the Ebay/PayPal Combo? this place "used" to be "OK" many eons ago, not now; currently, if you are a seller may God bless because soon you might kiss your coins and/or money goodbye if you encounter unscrupulous buyers that are out there trying to scam sellers. The input is appreciated.
I used the ebay bucks I earned purchasing my ATB set from MTB on ebay to buy a graded Silver Eagle for less than spot price. cha ching!
When the Mint lifts the one per household limit this Thursday, do you think it will be completely lifted or will they just increase the limit?
To: May 1, 2011 11:16 AM
Go to a reputable local coin dealer. Other possibilities are some of the larger coin dealers you see in Coin World.
As you can see some of the comments on this blog, many small-time folks here are only interested in flipping and want your money to make a fast buck. They are not collectors who primarily enjoy collecting for fun and hold on to their coins for the satisfaction it brings to them.
If you check eBay, each of the ATB bullion coins is averaging about $300 per coin ($1500 for a set of 5). The US Mint Hot Spring coin is averaging around $400 or more. Which do you think will be more $$$ in the long run? LOL.
The one guy who kept saying that the bullion coins were going to do better in the future clearly was delusional.
@
Does anyone know of a more -honest
-reputable
-recognized
-unbiased
-fair
-pro-seller
--------------------------------
If your in the Philly area I can hook you up with a guy who is the most honest dealer I have ever know.
He has no store just does shows, every Sunday in NJ. or Pa.
He is also a member of of the coin clubs I belong to in Phlia.
He would give you his last buck if you needed it
The one guy who kept saying that the bullion coins were going to do better in the future clearly was delusional.
Its been one day. Do you have a crystal ball? If so tell us more; Otherwise, take a chill pill.
ONLY GOD KNOWS ! LOL
If silver or the ATB's will go up or down
I used the ebay bucks I earned purchasing my ATB set from MTB on ebay to buy a graded Silver Eagle for less than spot price. cha ching!
May 1, 2011 11:16 AM
Let me get this straight, you over paid for the eBay set and used the money you could have saved on one silver eagle? You do realize that you didn't make out as well as you think!
Does anyone know why, when I check my order status on the mint's website, the ship date changes to a later date day by day? It was 5/12 on Thursday. Now 5/15. Is it going to be 5/16, 17, 18? Is it just me or the terms of order are changing. I would like to have some valid date. Plus what's up with the release of the other "P" ATB's?
Terms are not changing. They just keep it at 2 wks, until one day, boom, it is listed as shipped.
i still cannot believe it has not sold out yet?let see what happens tomorrow
Are there any TRUE collectors left in the world or is everyone just a bloody FLIPPER?
Collections are a group of items aquired over time that reflect the time and knowledge invested by its owner.
The thoughtful assembledge of a collection is far more valuable than any of its component parts.
Worrying if one coin or another will be worth more or less four weeks from now completely misses the point/value of the hobby.
...jmho.
Is it the same as saying that I believe the Mint screwed up again?
It will be interesting to see the Mint come out on Monday saying .....Oooops.
I spoke to two different mint operators and both said the release date for yellow stone is may 12 th and I thinke the date is true as mint has to release 9 more ATBs, sept 11, silver eagle, possibily 25 year edition of eagle, and many more. I think the date of release are true.
If I only buy one coin this year, what should I get?
Silver is correcting now. It's nice that the Mint locked in a good profit from its collectors. Holding out a 2010 coin to sell at the spike up to 50/oz and soon after the sellout, Silver is dropping. Nice JOB U.S. MINT.
I strongly believe the ATB Hot Springs has sold out within the day it was released. I've always ordered from the Mint when a new item comes out. I experienced sluggishness when ordering but never saw their site go down like it did Thursday. That just shows you how strong the demand is. Somehow I feel something wrong is going on - whether it's their counting, system glitch or whatever. I wouldn't be surprised when the Mint comes out cancelling a lot of the orders that came in later.
Silver is down $5 today. At one point it was down $6. Correction is coming due to higher margin at CME. The Mint's coin looks pricey now.
If you buy any ONE coin from the US Mint, at least from what is showing up on the upcoming products schedule, it would be any of the ATB 5 oz US Mint coins. These will be the rarest offerings the mint will have. Among the five ATB coins, go for the popular ones - Yellowstone or Yosemite. Like Lincoln, name recognition counts a lot.
Of course, of the US Mint issues a 25th anniversary silver eagle coin, go for that. There will be huge demand for such a coin, especially if it is somehow unique, like a reverse proof, a low mintage/unique mint mark, etc.
------------------
Anonymous said...
If I only buy one coin this year, what should I get?
To: May 1, 2011 4:25 PM
Precious metals are like stocks. With time, they can keep going up -- to a certain point. The price of PMs are at the upper levels of their risk/reward ratios. So it's not a surprise for silver to have a correction. Gold will too.
But that still won't stop PMs from going up in price. As long as investors invest in both, prices will continue to go up and stay on the high side.
For those interested - US stocks have been a better investment for me. In the past 2 years, my investments have more than doubled. That's better than my investments in gold.... ;O)
silver is taking a dive, 8% loss so far. 5/1
If anybody on this Blog causes Michael to shut it down, I will be completely demoralized. I visit this site multiple times each day. It has kept me informed and educated for over three years since I discovered it. Please, who or whomever you are out there, please go somewhere else to "play."
I almost ordered 10 set of the Gettysburg/Glacial coins from APMEX when silver was down $6. Then I realized it is not investment/collecting anymore. My friends, this is a risky business. Buyers beware.
Sadly, Michael may have to re-do his blog where everyone has to register and then when mischief strikes, they are blocked.
It is much better if everyone can identify themselves, even if it is by using a pseudonym/nickname. As I posted in another column, it is better that way and would dissuade others from posting multiple, childish, greedy, or obnoxious comments.
I agree.
I also hope the trouble makers stop ruining this very usefull and interesting Blog. Michael please don't let the actions of a few ruin it for all of us who appreciate all Your work. Maybe if We readers ignore them it won't be fun for them and they will stop. We can only hope.
i agree, Michael does a great job, best way for people like that are to ignore them, keep up the good work Michael
"i heard the 1099 provision in the "health care act", regarding coin sales over $600 (?) was removed."
That was something different. In 2012 any purchase over $600 was supposed to result in a 1099 but that was repealed. A different, previous law said that all ebay dealers doing over $20,000 get a 1099.
Be sure to save your purchase receipts. If you can't prove what you paid, you pay full tax on the sale.
No investor should panic because of the slight correction in PM's pricing; the fundamentals that took us to these levels are still in place; if support holds, prices should recover in no time.
It is always healthy for a correction to happen, especially with such a rapid increase in prices-it allows for sideline money to jump in....
Apart from this, there are events in Asia that are influencing the price-Labour Day.
For the long term investor, it is a wonderful opportunity to add positions...buy low, and ride the way, hold or sell high. Never sell when prices are dipping so drastically.
Finally, for us in the U.S., trading PM's when markets are closed, is not the best idea-extreme volatility on anemic volume; patience pays.
Sincerely, Franco
meant to say...."ride the wave"
Amen!
Osama Bin Laden has been captured and is now dead. This is a world shaking news item tonight. I wonder what effect if any this event might have on financial stock markets, metal commodities, and more specifically gold and silver Monday morning. Perhaps a lot, perhaps nothing at all. We shall see.
thats going to stop the Benbernake from printing IOU notes
the killing of Osama is going to stop the fed from printing huge somes of IOU notes?? NOT!
Post bin Laden - death news:
World stock markets are up. US stock futures are up. Gold and silver values have fallen. Silver fell significantly in Asian markets.
That's the news as of this writing. What will happen in the days ahead? Should be interesting. Much will depend on our Government taking control of our debt crisis....
God bless America.
Buy on the dips.
Osama was killed, pushing PMs lower.
China still owns the US, so PMs will rise again once folks remember this.
National debt, no better than last week.
If folks stop buying stuff made in China, PMs will fall, so I'm still buying PMs.
I went to the US Mint website. The Hot Springs P coin is still available for sale. Buy one when you can!
Michael,
Is there any way to find out how many of the Hot Springs coins have been sold? I am just curious when they will sell out.
I got my delivery from CNT today. The 5 oz ATB are in capsule, also 6 dollar face value of 90% silver.
Keep on going down silver, so I can buy you at the cheap. :)
Hey y'all,
Sorry to burst your (silver) bubble, but the Hot Springs P silver coin still is sellin' on the US mint ordering site.
I am fer sure that the good folks at the Mint are back to work. Still no sign of a waitin' list or any word of a sell out.
With silver prices burstin', looks like we'll just have to find another coin to get rich quick.
Y'll have a nice day, ya hear...
"Sorry to burst your (silver) bubble, but the Hot Springs P silver coin still is sellin' on the US mint ordering site."
Sorry to burst your bubble dude, but the UHR was on sale forever, with no order limits, and now sells for close to twice the issue price.
The mintage of the Hot Springs will only ever be 27K. Nuf said!
"With silver prices burstin', looks like we'll just have to find another coin to get rich quick."
I guess you must think that the current price of $45.50 shows that silver prices have burst?????
You have a nice day...but FYI With silver prices burstin', looks like we'll just have to find another coin to get rich quick.
Its just down 10% I'm not sure if that is a price bust as it is up 28% on the month. As far as the sell out not happening I'm just glad that everyone who wanted a coin got the coin. If any are still available on Thursday the flipper will get them once the mint releases the one house hold limit per coin. This is operating no different than the Ultra High Relief Double Eagle Gold Coins. Everyone expected a sellout, but everyone and their dog could have gotten one. You can't touch them now for under 3K. I have no intention of getting rich quick, patience is a virtue, I suspect it will go up in value over time like the Ultra High Relief.
I'm selling all my GOLD!!!
It will now plummettttttt to $250
WHY??
Ding, dong, bin Laden's dead!
bin Laden's dead!
bin Laden's dead!
Ding, dong, bin Laden Laden's dead!
Gonna buy lots of stocks,
gonna sell my gold, Ding dong, bin Laden Laden's dead!!
just a thought don't know if this will happen, I'm just a student wish I had the gold or money to buy stocks.
Everyone who thinks the Mint will remove the order limit on Thursday is kidding themselves. I'm confident the limit will stand until sellout is reached.
Personally, I think it's already sold out and they have not posted the notice yet. Why that is I don't know, but there is no way it can still be available.
Whatever the case, the order limit will most certainly stand until the sold out notice is finally posted.
I have followed mint items for the last few years and I heard this all before...no they are not sold out and yes they will raise the limit.
Dear Ding Dong. The metals will not plummet. Your dollar is still weak and getting weaker.
Renewed & continued Mideast turmoil is in order not to mention Europe and their black hole.
@ Gonna buy lots of stocks,
gonna sell my gold, Ding dong, bin Laden Laden's dead!!
Comment: smart man. Stocks have been increasing at a much higher pace than gold. In the past TWO years, stocks have increased by more than 100%. A $1000 investment is now worth more than $2000.
buy Silver today while it is down some.will go back up on Tuesday
Got my CNT set, very nice and one heck of a deal. Oh by the way stocks are not going up,the dollar is just deflating, you only think your up. Sell your stocks and fill up your gas tank and maybe you will see the light.
sleeper
I love to hear from the folks that brag about the profit that they have made in the stock market over the past two years.
Somehow they forget that their 401K became a 201K just a few years ago.
-- Add fees and the lower value of the dollar and where are you really?
Those folks are just REAL SMART "hindshght" traders. They lost 80% the yr before and 100% the following yr... net net still down; but they feel good..
My prediction is that this coin, and this series will be a bust, just like the First spouses are. The only value the coins will have is for their silver content - watch and you will see your investment dramatically decrease in value.
All the naysayers will eat their words in a few days when the "sell out" officially happens. The coins are very cool looking.
First spouse is a (partial) bust since they are too pricy, and the coins are UGLY (except the Liberties and Julia of course).
Good to see people still believing in the 5 Oz.... the no sell out even till today is really disappointing....
Personally, I wish gold had dropped a couple hundred dollars today forcing the Mint to change prices on gold products. Nothing has changed economically (FED printing and US debt) since last week, so PMs will ultimately go sky-high. Would've been nice to get reduced prices for a couple weeks, but it ain't gonna happen.
The Hot Spring coin is still for sale. No waiting list indicated.
Reminds me of the Boy Scout silver coin.
Silver goes down and the Mint adjusts prices on silver quarters and silver sets up. Another example of our Mint's competence.
NEW YORK (AP) -- Oil prices are rising again after falling below $111 a barrel on news that U.S. forces killed al-Qaida leader Osama bin Laden.
MEANING: Silver and gold will continue to rise until our dollar printing presses slow down and we stop buying Chinese products (LOOK at your labels!).
Long gold and silver bulls win!
You guys are right - the 2010-P HS ATB coin has not sold out ... everyone should probably just go ahead and cancel their orders for these coins before they are stuck with a heavy chunk of scrap metal in about 2 weeks when they ship out. That is definately the smart thing to do, don't believe people saying they may be valuable and always ignore the ebay market where they already sell for significant premiums without a sellout. CANCEL CANCEL CANCEL DONT BUY DONT BUT DONT BUY
*cant wait to order 10 of these on thursday*
lol, anyone canceling?
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