Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, May 20, 2011

2011 Platinum Eagles, ATB Five Ounce Silver Update

2011 Proof Platinum Eagle Designs

The United States Mint has provided details of the upcoming 2011 Proof Platinum Eagle, including the selected reverse design and mintage limit.

The reverse design features the image of a harvest goddess to represent the theme "To Insure Domestic Tranquility". She emerges from a field of wheat, while holding a stalk of wheat in her left hand and extending her right hand to a landing dove. This was designed by Joel Iskowitz and sculpted by Phebe Hemphill.

Out of the nine design candidates originally presented, this one seemed to gain the most praise from collectors. It was also the design selected by the Citizens Coinage Advisory Committee, after their review. The Commission of Fine Arts had selected a design showing three hands grasping a laurel wreath. (You can view the nine original design candidates here.)

The maximum mintage for this year's coin will be 15,000 units, which is a big increase from the previous years of the design series, which presents the core concepts of American democracy. The 2009 issue had a mintage of 8,000, while the 2010 issue had a mintage of 10,000. Both managed to sell out within approximately one week of offering.

If the price of platinum remains within the $1,750 to $1,849.99 range, then the one ounce coins would be priced at $2,092.00. The scheduled start of sales is May 26, 2011.

I will have another post on the 2011 Proof Platinum Eagle ahead of the release date.

America the Beautiful Five Ounce Silver Coins

Before the weekend, I wanted to summarize some of the latest information on the America the Beautiful Five Ounce Silver Coins. Some of the information was previously reported on Coin Update, but has not been presented within a Mint News Blog article.

The next bullion release of the series featuring Olympic National Park will go on sale to authorized purchasers starting on May 23, 2011. The previous 2011-dated bullion releases featuring Gettysburg National Military Park and Glacier National Park had gone on sale April 25. These two issues have now sold out of their initial quantities of 126,700 each.

The Olympic Five Ounce Silver Bullion coins will be available in an initial quantity of 126,700. As with other bullion releases this year, the US Mint's authorized purchasers will be able to purchase them based on the market price of silver plus a markup of $9.75 per coin. After the APs receive the coins, they generally resell them to other bullion dealers, coin dealers, and in some cases directly to the public.

The Hot Springs Five Ounce Uncirculated Silver Coins officially sold out at the US Mint. This represented the first numismatic release for the series. The coins went on sale April 28 and moved to waiting list status on May 13. The waiting list was closed yesterday May 19. It took approximately two week for the US Mint to receive orders to cover the 27,000 mintage, and another week to close the waiting list.

Meanwhile, the Yellowstone Five Ounce Uncirculated Silver Coins, which went on sale May 17, had reached sales of 18,143 by the end of the first day of sales. This was a slightly slower pace than the prior release. The coins currently remain available for sale at the US Mint. I will have updated sales figures early next week.

Finally, some readers have reported that the US Mint's phone representatives provided a release date of June 7, 2011 for the next numismatic release featuring Yosemite National Park. I have not been able to confirm this date yet, but phone representatives had previously provided an accurate release date for the Yellowstone coin, before the US Mint's official announcement.

Update: The US Mint has listed the release date of the Yosemite National Park Five Ounce Silver Uncirculated Coin as June 9, 2011.
Coin Update News Article:
Does the US Mint Deserve the Criticism It Receives?

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134 Comments:

At May 20, 2011 at 9:26 AM , Anonymous Anonymous said...

I am really impressed with the 2011 platinum eagle design, the Mint's work this year, first with the Medal of Honor gold commemorative and now this, has been quite exceptional in terms of artistic appeal. It's really too bad I probably can't afford something like that, the design is far better than any of the prior PE releases so far. Does anyone have rough estimates as to how long it took in prior years for platinum eagles to be wait-listed and then sell out? I'm tempted to see if I can scrape some extra cash together to buy this.

As for the Yellowstone sales, I suspect the reason they are so hot is because it's a beloved American icon. I imagine sales for Yosemite might drop markedly lower. Or perhaps things are being driven by people who wanted the bullion versions but were unable to get them (or unable to afford the price tag for all five at once).

 
At May 20, 2011 at 9:38 AM , Anonymous Anonymous said...

Love the design on the platinum coin. The question is, "can I afford it?"

 
At May 20, 2011 at 10:48 AM , Anonymous Anonymous said...

Nice design but costs more than the complete five set 5oz ATBs plus a gold MOH combined! Limited upside value as folks are not going to spend much more than 2k on a coin. Maybe if platinum tanks closer to 1k/oz I'll go for one. The high relief of the ATBs is way cooler than I expected. I'm not a Hot Springs theme fan, but it is my favorite coin of the first two years with the Art-Deco like carving of the fountain. Also, the mintage of the 2011 platinums are more than half of any ATB so no rush on my part to buy one soon.

 
At May 20, 2011 at 10:51 AM , Anonymous Anonymous said...

Why are they minting 15,000 in 2011? Why not stay at 10,000 or 8,000 for 2010 and 2009? I agree that this is the best design, yet. But why not make it rarer? The ugly 2009 coin command a premium over 2010 because of the mintage figures, despite the better design of the 2010 coin.

 
At May 20, 2011 at 11:00 AM , Anonymous Anonymous said...

I guess it's just economics. The Mint saw how fast the 2009 and 2010 platinum coins sold out, so they will keep raising the mintage level until they find one that will not sell out so quickly. They figure why shortchange themselves if people are obviously willing to buy more?

If the 15,000 2011 coins sell out in a week or two, look for a mintage figure of 20,000 in 2012.

 
At May 20, 2011 at 11:11 AM , Anonymous Anonymous said...

I believe both 2009 and 2010 platinum eagles sold out within one week. I agree the mintages should be the same. You can't blame the Mint for wanting to maximize it's profit if it's there for the taking.

 
At May 20, 2011 at 11:14 AM , Anonymous Anonymous said...

Wow, the Mint is on the ball .
Order number: 37481xxx
Order Status: Your order request has been shipped :2010 ATB SILVER COIN - YELLOWSTONE
Item Status : 1 unit shipped on 05/20/2011

 
At May 20, 2011 at 11:25 AM , Anonymous Anonymous said...

"I guess it's just economics. The Mint saw how fast the 2009 and 2010 platinum coins sold out, so they will keep raising the mintage level until they find one that will not sell out so quickly."

I respectfully disagree with this comment. The does not, and never has, worry about economics. It is a government run entity, and economics is the furtherest thing from their mind. They DO worry about negative feedback (customer satisfaction), which is indirectly related to economics. A real-world business worries about economics because they will become insolvent. The government only worries about votes as they will never become insolvent.

 
At May 20, 2011 at 11:51 AM , Anonymous Anonymous said...

I think these will sell out on IRA / platinum product demand. If mostly collectors were buying, it would probably fall short of the max.

 
At May 20, 2011 at 11:58 AM , Anonymous Anonymous said...

Please clarify regarding the 5oz ATB Hot Springs. Was the 27,000 including the sets that were already sold, or only the run of individual coins?

Or, to put it another way, how many of these coins actually exist?

 
At May 20, 2011 at 12:15 PM , Anonymous Anonymous said...

27,000 of the 2010P Hot Spring 5 ounce were minted, and when all is said and done, the US Mint will have sold all 27,000, unless of course the a coin or group of coins were so damaged they could not be sold. I hope this helps.

TMM

 
At May 20, 2011 at 12:35 PM , Anonymous Anonymous said...

I think we should think about "market cap" for each item.
The numismatic ATBs will have around 7.5 M each.
The 2011 Plat Eagle will have over 30 M!

 
At May 20, 2011 at 1:15 PM , Anonymous Anonymous said...

I returned a HS 5 ounce coin to the Mint earlier this week due to its low quality. I'm sure others were of the same mind. I would guess (based on nothing but a hunch) that at least 1-2% (roughly 250-500) were not of sufficient quality to sell. Toss in the fact that these were manufactured in 2010 and cannot (by law) be manufactured in 2011 (with a 2010 date) and there would be approximately 26.5K - 26.75K coins available on the market. JMO.

 
At May 20, 2011 at 1:17 PM , Blogger Andrew said...

It is a pretty sharp coin. Would love to get one but I don't feel like dropping two grand on one. Maybe some other time.

 
At May 20, 2011 at 1:25 PM , Anonymous Anonymous said...

Platinum has not been as good an investment as gold and silver. Platinum is used in various industrial processes and for different applications such as catalytic converters, etc. The economy is in the tank; hence, platinum's poor performance. By investing in platinum or purchasing platinum coins, one is betting that the economy is recovering.

Personally, platinum is one of my favorite PMs; however, gold is historically the metal of choice for storing wealth. JMO.

 
At May 20, 2011 at 1:33 PM , Blogger Eric said...

There are 27,000 P mint mark coins and 33,000 Bullion Coins no mint mark

60,000 total coins of each for 2010

 
At May 20, 2011 at 2:10 PM , Blogger Sigo Plapal said...

I really like the design that was chosen. The laurel with the hands reminds me of a line from Blazing Saddles.... "... I extend to you a laurel and hearty handshake...."

 
At May 20, 2011 at 2:32 PM , Anonymous Anonymous said...

@Anonymous said...
Wow, the Mint is on the ball .
Order number: 37481xxx
Order Status: Your order request has been shipped :2010 ATB SILVER COIN - YELLOWSTONE
Item Status : 1 unit shipped on 05/20/2011

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

just check my order and says
In stock and reserved and can no longer cancel the order. Which is a sign they must be getting redy to ship.

Did then send it UPS Air ?

 
At May 20, 2011 at 2:35 PM , Anonymous Anonymous said...

To 11:58

There are 27,000 with the "P" mint mark and 33,000 bullion coins.
This is true with each of the five 2010 ATB's.

 
At May 20, 2011 at 2:58 PM , Anonymous Anonymous said...

Please clarify regarding the 5oz ATB Hot Springs. Was the 27,000 including the sets that were already sold, or only the run of individual coins?

Or, to put it another way, how many of these coins actually exist?

===============================

You may be confusing the bullion and collector issues:

2010 W Hot Springs (bullion): 33,000 (sold as sets by APs)

2010 P Hot Springs (collector): 27,000 (sold individually by US Mint)

 
At May 20, 2011 at 4:54 PM , Anonymous Anonymous said...

I doubt the platinum proof will sell-out at the 50% increased mintage limit and higher platinum prices. Only the inaugural year of 1997 sold more than 15K one ounce coins and the average price of platinum in 1997 was only $395.

 
At May 20, 2011 at 5:19 PM , Anonymous Anonymous said...

Good one Sigo...I love that movie and that is a great analogy.

This is a great design...the best yet, but too high a mintage. Maybe it will not sell well and end up a sleeper.

 
At May 20, 2011 at 5:34 PM , Anonymous Anonymous said...

Sales figures are not mintage figures.

 
At May 20, 2011 at 6:05 PM , Anonymous Anonymous said...

You may be confusing the bullion and collector issues:

2010 W Hot Springs (bullion): 33,000 (sold as sets by APs)

2010 P Hot Springs (collector): 27,000 (sold individually by US Mint)
===================

Can anybody kindly inform me which version is better for investment? It seems to me that the bullion version is more popular regardless its higher mintage

 
At May 20, 2011 at 6:38 PM , Anonymous Anonymous said...

Anon @ 2:32 pm,

They are shipping via UPS Next Day Air, I just got my confirmation email a few minutes ago. I have to admit I am very surprised at the speed given they said it wouldn't be ready until June 01 when I ordered.

 
At May 20, 2011 at 8:21 PM , Anonymous papa dave said...

Save your Hot Springs "P" 5oz coin. I predict this will be the key to the series in time. Why???
1. first collecter coin out and everyone and there friends and family bought them. Many collectors lost out on the ordering, so they will eventually purchase them on the secondary market.
2. All the other 2010 "P" issues will tend to be flat because more collectors will be alert to buy. So they won't need the secondary market.

 
At May 20, 2011 at 10:32 PM , Anonymous Anonymous said...

You can't go wrong with either version. They are both a good investment given 1st year of the series with 1/4 mintage of remaining coins. I'm in for all 2010 ATB's but not necessarily the rest, we'll have to see what spot silver does after a couple of years. If it goes way down then I'll go bargain hunting and put it away for another bull run cycle later(20 yrs.)JMO

 
At May 21, 2011 at 1:28 AM , Anonymous Neal B. Forzod said...

Another outstanding design, what is up with the Mint and the design committees these days??



Got shut out of the 2010 proof plats because I waited for a price drop - got it but order was later canceled ... that's the way the mop flops .. will def be in for the 2011, will be selling some other inventory to help defray the *cough* $2K *cough* cost of this pupster .. jeez 2 grand is crazy for a bullion coin isn't it?

 
At May 21, 2011 at 1:45 AM , Anonymous Anonymous said...

Anonymous @ May 20, 2011 6:05 PM:

A set of raw ATB bullion coins sells for around $1300 - $1400 on eBay (bur prices are falling). Or about $260 - $280 per coin. The Hot Springs "P" coin sells individually for about $360.

There are other factors involved in determining the long range value of either type of coin, e.g., whether the coins are certified, their grades, the future values of the other US Mint P coins, etc.

Personally, I think that the US Mint's P coin set will be more valuable in the long term. Typically, US Mint products are more collectible and desirable than bullion coins in the long run.

 
At May 21, 2011 at 1:49 AM , Anonymous Anonymous said...

Neal,

Personally, I prefer to spend my money on other goods, rather than on precious metals. I have plenty of other bills to pay.... LOL. I've been passing on all gold and platinum items. I simply cannot afford to spend my money on such items.

 
At May 21, 2011 at 3:41 AM , Anonymous Anonymous said...

this year platinum one ounce proof. one of the best design i think.

 
At May 21, 2011 at 4:21 AM , Anonymous Anonymous said...

May 21, 2011 1:49 AM:

I think a lot of people are in your situation. Not many people have the funds to keep buying all these overpriced PMs from the US Mint. I am not sure all are being truthful too, but if they are, they are taking on a lot of risk in tough economic times.

 
At May 21, 2011 at 4:53 AM , Anonymous Anonymous said...

@ Anonymous said...
@ Anony May 20, 2011 6:38 PM

They are shipping via UPS Next Day Air, I just got my confirmation email a few minutes ago. I have to admit I am very surprised at the speed given they said it wouldn't be ready until June 01 when I ordered.

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

Thanks. for the info

Maybe the Mint feels guilty about how much they are charging us over spot. LOL LOL

 
At May 21, 2011 at 5:02 AM , Anonymous Anonymous said...

Most silver classic commemoratives were valued over $100 when the silver content was $10 or less.
The platinum proof will mainly follow spot Platinum. Platinum has been below gold before and it is possible it may fall to $1000 or below in the future. Be careful buying any coin for $2000. Not much market ever for people paying much premium over spot for it. (The coin could be worth $500 in ten years!). The UHR even at current after market prices is a nicer looking coin than any platinums and a much safer bet to hold value regardless of spot precious metal prices.

 
At May 21, 2011 at 5:18 AM , Anonymous Soapyjd@aol.com said...

Need advice please.
A friend has come into possession of some old U.S. currency. What's the best site for him to determine value.

 
At May 21, 2011 at 6:27 AM , Anonymous Anonymous said...

To: "Sales figures are not mintage figures."

They pretty much are when it's a sellout!!

 
At May 21, 2011 at 11:38 AM , Anonymous Anonymous said...

I just came from a coin show,there is allot of talk that 2011 is the last year for the 1oz silver eagle.When the program was started in 86 they could only be made for 25 years

 
At May 21, 2011 at 1:17 PM , Anonymous Anonymous said...

Need advice please.
A friend has come into possession of some old U.S. currency. What's the best site for him to determine value.

Beware that most dealers will give you less than 50 cents on the dollar. It's just a reality. After finding the value, sell on e-bay or some equivalent and get much better value.

 
At May 21, 2011 at 1:49 PM , Anonymous Anonymous said...

Soapy - check out the site below:

http://currency.ha.com/c/ref/worth.zx

 
At May 21, 2011 at 4:19 PM , Anonymous Anonymous said...

Hate to say it, buy I agree 100% with 5:02 comment. I do like the 2011 Platinum Eagle design, but it definately will more or less follow spot platinum, whereas the UHR will not be linked (too much) to spot gold pricing. Overall, I think gold is a better long-term choice than platinum anyhow.
I asked my teenage daughter if she liked the '11 platinum design, and she said she did and "is it made from real silver?" Point being gold will always look like gold and platinum has gold pricing (or more) for a coin that looks like it is made from silver.

 
At May 21, 2011 at 5:34 PM , Anonymous Anonymous said...

Just got my 2011 Gettysburg and Glacier 5oz bullion coins from Gainesville. I hate to say it but I was a little disappointed in their packaging, nothing but both coins (1 in each end) in an over sized flip. That was placed in a little bit of card board with a little paper in a USPS small priority box.

The condition of the coins was marginal. Ugly rim dings on the Gettysburg I'd guestimate the GB @ MS66, the Glacier @ MS68. Would it of killed them to put these coins in air tights, I would paid a little more for the service. Still cheaper than AMPEX but the AMPEX set I bought look a heck of a lot better and they came in air tights.

 
At May 21, 2011 at 5:38 PM , Anonymous Anonymous said...

When the us mint gets a return ,or takes a order that they cancel.sorry to say but they are not taken of their sales figures they release. The only way we can we be sure what the mintage is on a product, is if the mint has a press release stating what the mintage truely is.Which they do not do very often.

 
At May 21, 2011 at 5:44 PM , Anonymous Anonymous said...

maximum mintage really doesn,t tell us much about the mintage.

 
At May 21, 2011 at 6:23 PM , Blogger Mint News Blog said...

"The only way we can we be sure what the mintage is on a product, is if the mint has a press release stating what the mintage truely is."

That's not true. They generally provide final audited mintage figures at some point, for most numismatic offering. Usually this is a year or more after the end of sales.

I always try to specify whether I am quoting last reported sales or the final audited mintage figures.

 
At May 21, 2011 at 6:24 PM , Blogger Mint News Blog said...

"maximum mintage really doesn,t tell us much about the mintage."

Maximum mintage tells us.... the maximum mintage.

 
At May 21, 2011 at 7:51 PM , Anonymous Soapy said...

Thx to 1:49pm. Just what he was seekin for pre-depression era bills.

I continure to love this blog for the insightfull and timely information and helpfull readers.

My gratitude to Michael for making it possible.

 
At May 22, 2011 at 5:39 AM , Anonymous Anonymous said...

Hello Michael,

Do you know or have you received any word on whether or not the Mint will offer:

1. A 25th anniversary silver eagle set/item?

2. A 2011 uncirculated dollar set with a 2011 uncircualted silver eagle and 2011 Presidential dollars?

I would be interested in buying both sets.

 
At May 22, 2011 at 7:01 AM , Anonymous Anonymous said...

Anyone get their Yellowstone yet? Love to hear what it looks like in person.
Michael, I heard the ASE were only authorized for 25 years, meaning this would be the final year. Is this true?

 
At May 22, 2011 at 7:06 AM , Anonymous Anonymous said...

Any word on when the US Mint will start making normal platinum bullion coins?
I believe they have not been made for 3 years now... is there no demand for them?

 
At May 22, 2011 at 8:12 AM , Anonymous Anonymous said...

I don't understand people referring to the 2011 silver eagles as the 25th anniversary - 2010 was the 25th anniversary and I remember seeing coin vault on tv selling slabbed 25th anniversary labeled silver eagles last year. Can someone please clarify this for me?

 
At May 22, 2011 at 8:32 AM , Blogger Mint News Blog said...

"Michael, I heard the ASE were only authorized for 25 years, meaning this would be the final year. Is this true?"

To my knowledge and based on a reading of the law, there is nothing to limit the authorization to 25 years.

http://en.wikisource.org/wiki/Statue_of_Liberty-Ellis_Island_Commemorative_Coin_Act#TITLE_II_.E2.88.92_LIBERTY_COINS

There was discussion by the CCAC about redesigning the coins since 25 years have passed since the coin's introduction.

http://news.coinupdate.com/design-change-for-the-american-silver-eagle-0726/

 
At May 22, 2011 at 9:33 AM , Anonymous Anonymous said...

@ May 22, 2011 8:12 AM

You are confusing "year of issue" with "anniversary." Many dictionaries define "anniversary" as
"the annually recurring date of a past event" (or other similar words).

American silver eagles were introduced in 1986. The first anniversary was in 1987. The 20th anniversary was in 2006 and the 25th anniversary is in 2011.

Think about it like a wedding anniversary :o)

 
At May 22, 2011 at 10:49 AM , Anonymous Anonymous said...

To: I don't understand people referring to the 2011 silver eagles as the 25th anniversary - 2010 was the 25th anniversary and I remember seeing coin vault on tv selling slabbed 25th anniversary labeled silver eagles last year. Can someone please clarify this for me?

Because the MINT issued the 20th anniversary coins and they are dated 2006, so 2011 would be the 25th anniversary....i know, i know, I can count too, but that's what the Mint did...any other reference to the 25th anniversary is just labels that the 3rd party grading companies came up with...they did the same thing in 2005.

 
At May 22, 2011 at 12:35 PM , Anonymous Anonymous said...

Mike if this is so about mintage figures ,could you please tell me where i can find the final mintage on silver reverse proof, and unc for 2006-2008. All. the mint sites i can find say sales figures THANKS

 
At May 22, 2011 at 1:37 PM , Blogger Mint News Blog said...

"could you please tell me where i can find the final mintage on silver reverse proof, and unc for 2006-2008"

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=AmEagUnc#salesTable

 
At May 22, 2011 at 2:22 PM , Blogger Hidalgo said...

The website below, though not as official as the US Mint's website, provides a more comprehensive picture of mintages:

http://silvereagleguide.com/mintages/

 
At May 22, 2011 at 2:33 PM , Blogger Hidalgo said...

There is one blogger who keeps talking or asking about the 2006-W reverse proof American Silver Eagle that was found in the 20th Anniversary Silver Eagle set.

According to the following website, 248,875 were minted (250,000 maximuma authorized mintage).

Reference:

http://silvereagleguide.com/20th-anniversary-silver-eagle-set/

 
At May 22, 2011 at 3:14 PM , Anonymous Anonymous said...

Thanks for the clarification about the 25th anniversary of the ASE's - it makes since now - the 26th year of issue is actually the 25th anniversary - I was just getting the two confused.

 
At May 22, 2011 at 3:28 PM , Anonymous Anonymous said...

"Just got my 2011 Gettysburg and Glacier 5oz bullion coins from Gainesville. I hate to say it but I was a little disappointed in their packaging, nothing but both coins (1 in each end) in an over sized flip. That was placed in a little bit of card board with a little paper in a USPS small priority box."

Gainesville purchases from Hunt, and Hunt cherry-picks the best ones. You will never get a decent ATB 5 ouncer from Hunt or Gainesvile. I know I won't make the mistake from buying from either again...that's for sure.

 
At May 22, 2011 at 3:38 PM , Anonymous HI YO SILVER said...

Gold, silver coins to be legal currency in Utah

By JOSH LOFTIN
Associated Press


SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

full story

http://hosted.ap.org/dynamic/stories/U/US_BACK_TO_GOLD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-22-15-23-20

 
At May 22, 2011 at 3:52 PM , Anonymous Anonymous said...

The 2006 reverse proof has the "P" mint mark.

 
At May 22, 2011 at 5:50 PM , Anonymous Anonymous said...

Adding to the confusion regarding the anniversary dates of the gold and silver eagles, remember that the Mint issued a special 10th anniversary set in 1995, which was actually the 9th anniversary but the 10th year of the programs!

It was put back on track in 2006 for the 20th anniversary.

 
At May 22, 2011 at 5:56 PM , Anonymous Anonymous said...

"Gainesville purchases from Hunt, and Hunt cherry-picks the best ones. You will never get a decent ATB 5 ouncer from Hunt or Gainesvile. I know I won't make the mistake from buying from either again...that's for sure"

Anyone know who Provident gets their coins from?

 
At May 22, 2011 at 6:01 PM , Anonymous Anonymous said...

"I think a lot of people are in your situation. Not many people have the funds to keep buying all these overpriced PMs from the US Mint. I am not sure all are being truthful too, but if they are, they are taking on a lot of risk in tough economic times."

I think you're taking a bigger risk holding your paper dollars, when the FED is printing them like there's no tomorrow. It's not the end of the world, but it maybe for the dollar. PEACE BROTHER

 
At May 22, 2011 at 8:51 PM , Anonymous Anonymous said...

I think as the doomsday predictions for 2012, plus these continuing natural disasters (tonignt a deadly tornado in Joplin, MO, and never ending spending deficits, and climbing oil prices, and continued unemployment near 10% and everything coming from China and China owning us economically, I predict gold (and silver) will rise to new high levels soon (IMHO). That being said, I will not by any individual coin for $2,000 (ie. platinum eagle).
I think we have been in a depression and the economic spinsters just don't want to call it that.

 
At May 23, 2011 at 4:02 AM , Anonymous Anonymous said...

I think you're taking a bigger risk holding your paper dollars, when the FED is printing them like there's no tomorrow. It's not the end of the world, but it maybe for the dollar. PEACE BROTHER

Maybe, but keep in mind that all bullion dealers (and the US Mint) have no problem taking your greenbacks as payment for gold or silver. Last I checked the grocery store and gas station are still taking paper dollars as well. PEACE TO YOU AS WELL.

 
At May 23, 2011 at 7:18 AM , Anonymous Anonymous said...

Just received NP2 5 oz Yellowstone from the Mint. Can hardly believe it arrived this soon. To my naked eye it looks perfect. I am very satisfied. What's the date we can look to the next one?

 
At May 23, 2011 at 8:35 AM , Anonymous Anonymous said...

My Yellowstone shipped today from the mint

 
At May 23, 2011 at 8:47 AM , Anonymous Anonymous said...

"Last I checked the grocery store and gas station are still taking paper dollars as well."

Yeah, but they want twice as many paper dollars for a gallon of gas as they did a couple years ago.

Whereas an ounce of silver bought about 6 gallons of gas a couple years ago, and today an ounce of silver buys 9 gallons of gas.

50% less gas for your paper dollar, 50% more gas for your silver.

Maybe these precious metal guys are onto something!

 
At May 23, 2011 at 8:52 AM , Anonymous Anonymous said...

Same here ,I received my Yellowstone (NP2) just minutes ago ! I guess I'm lucky ,just like my Hot Springs , this coin looks to be flawless , so far the Mint is 2 for 2 in this series for me ..

 
At May 23, 2011 at 9:46 AM , Anonymous Anonymous said...

"Last I checked the grocery store and gas station are still taking paper dollars as well. PEACE TO YOU AS WELL."

Last I checked, APMEX, buyers on ebay and pretty much anyone are taking my silver bullion for a bunch more paper dollars than a few years ago.

Looking forward to tomorrow's sales numbers. The Yellowstone will be gone soon!

 
At May 23, 2011 at 10:15 AM , Anonymous Anonymous said...

The Yellow stone will probably be the most sought after coin the the 2010 series imo/

 
At May 23, 2011 at 10:27 AM , Anonymous Anonymous said...

Yes, the gov't has justified concerns about real deflation setting in. Are any of you old enough to remember gas at 25 cents a gallon? Well, if you compute todays prices using dimes dated before 1965 a gallon of gas now costs only 13 cents and you can get a brand spankin' new car for only 1000 bucks in silver dollars. Holy bat crap! How's that for deflation!

 
At May 23, 2011 at 10:37 AM , Anonymous Anonymous said...

8:52 Received my Yellowstone from the mint.Unfortunately it has a flaw there is a small mark or blotch just above the Washington forehead. I could see with my naked eye as soon as I opened the box. How can the mint have such poor QC. Now I have to decide to return it for refund or hope a replacement is available. Wish I had your luck.

 
At May 23, 2011 at 10:58 AM , Anonymous Anonymous said...

Have someone buy another Yellowstone for you NOW.
After they get their confirmation# (make sure no "wait list" status) and return yours within 7 days.

 
At May 23, 2011 at 11:32 AM , Anonymous Anonymous said...

I just received my Yellowstone ATB from the Mint and there is a BLOTCH on Washington's neck that is visible with a (-10 X) shrinking. Really bad QC.

 
At May 23, 2011 at 11:42 AM , Anonymous Anonymous said...

Received my Yellowstone quarter at 9 a.m. this morning. They gave me expedited shipping even though my order didn't total $300. Coin is beautiful and appears perfect. Also the coin was packaged with the obverse (park side) facing up this time. They must be listening to customer feedback. I give the Mint 5 stars on this transaction.

 
At May 23, 2011 at 12:34 PM , Anonymous Anonymous said...

Just got my Yellowstone puck. My Hot Springs was perfect. The Yellowstone however has gouges/scratches on the Washington bust and a small blotch on the reverse near the buffalo. This one is going back. I hope someone enjoys it.

 
At May 23, 2011 at 12:56 PM , Anonymous Anonymous said...

Gold, Silver Legalized as Currency in Utah!

 
At May 23, 2011 at 1:17 PM , Anonymous Anonymous said...

So, does anyone think the Mint might pump a little excitement into the series in 2011 by mixing up the dies and striking bullion finish coins with a "P" Mint mark and numismatic finish coins without the Mint mark? :)

 
At May 23, 2011 at 1:57 PM , Blogger ~grandpa said...

And the new tally is.....678. That's 678 older Franklin Mint silver medals in sets and loose medals that were minted mostly in
.925 sterling silver years ago. I've been buying and accumulating whatever I could get at local coin shows, coin club meetings, and flea markets for quite a few years. Anytime I could emtpty the box, tray, or album for a low price, I did. Of course they were bought for future melt value, not collectable items. Something told me that it would be an inexpensive way to bulk up silver instead of going the Englehard & Johnson Mathey ingpt and bar routes.

Seeing what Utah has begun and reading about Va. and other states are reviewing, it just might turn out to be one heck of a score. A few folks have laughed at buying FM items, but to convert these .925 medals, all you need to remember is that it takes 20.83 oz of .925 Sterling to melt into 19.27 oz of .999 Bullion pure silver. That's roughly 1 extra medal to melt to obtain a great price. Try it.

 
At May 23, 2011 at 2:28 PM , Anonymous Anonymous said...

"it takes 20.83 oz of .925 Sterling to melt into 19.27 oz of .999 Bullion pure silver. That's roughly 1 extra medal to melt to obtain a great price. Try it."

Sounds good, but what kind of furnace do you use to melt it and how do you get the copper out of the molten silver?

I've been able to melt aluminum cans pretty easily with a home made furnace but silver needs 500 degrees hotter so one might need a real furnace.

 
At May 23, 2011 at 3:39 PM , Anonymous Rich said...

Heck, I could melt just about any thing on the wife's forhead after she see's what I payed for coins from the Mint.

 
At May 23, 2011 at 3:52 PM , Anonymous Anonymous said...

I also see small almost brownish blotches on Washingtons neck...they are small but it appears there are about 4 of them....is there a wash process involved after the blasting -minting that would leave a residue? any ideas what it may be...I don't want to return it as I may not get another!The Yellowstone side is nice though

 
At May 23, 2011 at 4:03 PM , Anonymous Anonymous said...

Just received Yellowstone ATB from the Mint. With the exception of some rough edge, the rest of the coin seems to be in good shape. Overall, the 5 oz coin is not as good as proof AE due to its large size. But I am satisfied with the quality.

 
At May 23, 2011 at 4:56 PM , Anonymous Anonymous said...

Franklin Mint guy. You would want to use a Thum cell to refine your sterling to 99.99+ purity.

 
At May 23, 2011 at 5:00 PM , Anonymous Anonymous said...

I should get my Yellowstone tommorow.

My Hot Springs was ok, but had a "dent" on the rim of of obverse..no need to get it graded...SP69 at best, maybe 68.

I've read a lot of comments about the week strike at the bottom of the Hot Springs obverse...with a corresponding problem on the top of "Hot Springs" on the reverse.

I'm, really disappointed in the quality control of the Mint on these "collector's" versions...which is the same 5 oz silver as the bullion, with a mint mark, a coa, and a cardboard box. As for those who say...but this has a coa...well, so what...when you pay for something with your change, has anyone ever ask you for your coa?

A lot of you complained that the TPG companies were hyping the bullion coins with PL & DMPL designations...and some said "I'm not goona buy into there hype"...but isn't the Mint doing the same thing? yes! Bullion bullion.

I may be in the minority, but I'd take a bullion MS69DMPL ANY day over a SP70 ATB coin.

 
At May 23, 2011 at 9:45 PM , Anonymous Anonymous said...

My "Hot Springs P" also had an eye sore scuff on the
fountain base!! These are collector coins!!!! Why does
the mint knowingly send this crap out!!! Then you have
to decide to send it back for a refund or take a chance
on getting another one with a flaw. I paid $284.00
smackers for this thing and completely unhappy with
my purchase. I decided to keep it due to the low mintage and being the first of the collector series.
I would rather wait 2 months for a perfect coin if
the mint would just get their QC Act together. Why
is it so difficult for the mint to produce every coin
a perfect coin?!? Can someone please explain this?

 
At May 23, 2011 at 10:50 PM , Anonymous Anonymous said...

Values appear to be falling for the 5 piece ATB bullion 5 ounce coins. Recently completed eBay auctions show them selling around $1250 - $1350.

Hot Springs P 5 ounce silver coins, even though sold out, are selling around $350 - $360. Interesting that they are not increasing in value since they are sold out. Likely, values will go down since there are so many coins left in the set.....

 
At May 24, 2011 at 1:11 AM , Anonymous Anonymous said...

I will take whichever is cheaper for now.

 
At May 24, 2011 at 4:29 AM , Anonymous Anonymous said...

Values appear to be falling for the 5 piece ATB bullion 5 ounce coins. Recently completed eBay auctions show them selling around $1250 - $1350.

People are paying the same thing for slabbed MS69 1986-2011 silver eagles and that is 25 ounces of silver too.

I never understood why people buy graded generic bullion like the year in year out silver eagles. It amazes me. Yet nobody here seems to notice or think that is abnormal. You can buy a tube of mint sealed eagles or pay like 25% more to have those same rounds of bullion slapped in plastic. Weird. I guess this is the future of the hobby as the TPG laugh their way to the bank on your dime.

 
At May 24, 2011 at 5:35 AM , Anonymous Anonymous said...

Just got my Yellowstone coin yesterday. While my Hot Springs coin had a couple of small ticks/dings on the edge, I was generally satisfied with it. My Yellowstone coin, however, is absolutely flawless.

As for E-Bay values for the numismatic versions of the coins, I expect them to be low for a little while and then gradually rise as people who want them start being unable to find them. Right now the price of silver has tanked pretty badly which is depressing demand, but I think when we start to see the price climb again, the value of these things will start go up. I think the value of the bullion pieces have gone down because people who wanted those and couldn't get them are now buying the numismatic pieces instead, which is depressing demand.

Of course, I have no intention of selling any of mine, I'm a collector! I wasn't even able to convince myself to part with any of my normal silver eagles despite foreseeing the big price drop in silver.

 
At May 24, 2011 at 6:49 AM , Anonymous Anonymous said...

I returned my Hot Springs P after talking to a Mint rep that I wanted a replacement. It had a long scratch on the reverse that is very visible. I was told by the rep that they keep some in inventory for that reason - for replacement. Just got an e-mail giving me a credit on that purchase. I guess I am not going to get a replacement after all. Damn!

 
At May 24, 2011 at 7:11 AM , Blogger Mint News Blog said...

"Just got an e-mail giving me a credit on that purchase. I guess I am not going to get a replacement after all."

I think the credit is part of the return process. The last time I returned a coin, they gave me a credit when the coin was returned, and made a new charge when the replacement was shipped.

 
At May 24, 2011 at 7:11 AM , Anonymous Anonymous said...

You may still get a replacement, since it's standard procedure to refund your CC even for a replacement. They will rebill when they send you a replacement, if they still have any.

 
At May 24, 2011 at 7:13 AM , Anonymous Anonymous said...

They are likely processing it as two distinct transactions. Last time I returned something they charged me again on the shipment of the replacement. It took a few weeks to get credited on my return.

 
At May 24, 2011 at 7:15 AM , Anonymous Anonymous said...

MY HOT SPRINGS WAS IN BAD SHAPE AS WELL. THE MINT REP TOLD ME TOO THAT THEY KEEP SOME FOR REPLACEMENTS AS WELL (A BUNCH OF BULL CRAP) I KEPT MINE CUZ I FIGURED THEY WERE LYING TO ME AND I DIDN'T WANT A CREDIT. MICHAEL IS THERE A COMMENTS SECTION FOR US TO COMPLAIN TO THE MINT ABOUT THE POOR QUAILTY OF PRODUCTS THEY ARE SENDING OUT. AND WE HAVE NO WAY OF GETTING ANY REPLACEMENTS BECAUSE THEY SELL OUT BEFORE THEY SHIP THEM TO US. WHAT A WAT TO RUN A BUSINESS!!!!!!!!!!

 
At May 24, 2011 at 7:18 AM , Anonymous Anonymous said...

It looks like our price drop on gold coins was destined to be short-lived. The darn yellow stuff is rebounding big time this morning. Unless it tanks again in the next day, the price will go right back up to what it was before. :(

 
At May 24, 2011 at 7:39 AM , Anonymous Anonymous said...

Maybe I need to grab the buff on the dip before it goes up again...

 
At May 24, 2011 at 7:47 AM , Anonymous HI YO SILVER said...

Just got my Yellowstone 5 oz today at 9:30 am and it looks like a 70.
The only thing bad was the plastic cap was loose. Could have been trouble if I did not see it,so check the holders.

My Hot Springs was perfect. So far so good from the mint

 
At May 24, 2011 at 7:56 AM , Anonymous Anonymous said...

Mint:
Love the numismatic ATBs, but could you please make the coin holder a little better? It's too tight and black stuff is flaking off and sticking to the case. I assume everything is made in USA. Thank you.

 
At May 24, 2011 at 8:01 AM , Anonymous Anonymous said...

Careful, platinum is not keeping up with gold. Gap now under $250 and closing.

 
At May 24, 2011 at 8:10 AM , Anonymous Anonymous said...

I remember a while back (2-3 years?), platinum was actually less than gold for a short while.

 
At May 24, 2011 at 8:22 AM , Anonymous Anonymous said...

Since spot gold is not doing us any favors this week, I just finished placing my order for my 2011 PR Buffalo at the lower price.

After today's close at $1527, the weighted average is plus $42. If gold opens at anything above $1458 on Wednesday, we're going to see a price increase. Given current markets and economic concerns, the opening price will definitely stay above $1500.

Here's hoping for more downward corrections later in the year!!

 
At May 24, 2011 at 8:31 AM , Anonymous Anonymous said...

I have done buying proof gold coins in the range of $1500-$1650 last year. The spot silver in the low $30 range may be a better buy within the next 12 months. Wish I have gotten in early, but was busy with my day job.

 
At May 24, 2011 at 8:34 AM , Anonymous Anonymous said...

I hope silver stays down long enough to get all five of the 2010 ATB P coins for no more than $279.95 each.

We should find out sometime today how many of the Yellowstone coins had been sold through Sunday. I would imagine the waiting list isn't too far away at this point.

 
At May 24, 2011 at 8:49 AM , Anonymous Anonymous said...

I like to follow the price and am wondering about affordability too.

http://www.ccstrade.com/futures/platinum-futures-pl/seasonal/

 
At May 24, 2011 at 9:49 AM , Anonymous Anonymous said...

I received my Yellowstone today, it looks beautiful, a quick scan and nothing pops out as bad.

Question. My Hot Springs had a sleeve over the box. My Yellowstone was just the box. Has anyone else had this happen? Not that I plan on selling for the next 20 years but it be nice to have ALL of the OGP that was supposed to come with the coin.

 
At May 24, 2011 at 10:18 AM , Anonymous Anonymous said...

What happens to the returned Hot Springs P due to scratches/poor quality? Do they still sell them to the people on waiting list, give them out as replacements, or do they melt them? Makes me wonder if the replacement I'm expecting is going to be a recycled one.

 
At May 24, 2011 at 11:00 AM , Anonymous Anonymous said...

no. the mint just sell back everything we returned. since we don't care. the mint don't care too.

 
At May 24, 2011 at 11:07 AM , Anonymous Anonymous said...

hahaha... nice. I ordered my Yellowstone just yesterday!

Guess I will be getting one of the returns? Damn!

 
At May 24, 2011 at 11:09 AM , Anonymous Anonymous said...

I thot the Mint produces more than the 27K so that they have some buffer for the returns?

 
At May 24, 2011 at 11:19 AM , Anonymous Anonymous said...

The buffer comes from the 27,000 mintage figure. They probably mark the item as sold out when they're within a few hundred away from being sold out. I also believe the returns are not melted. They are sold to other customers.

 
At May 24, 2011 at 11:19 AM , Anonymous Anonymous said...

I was so disappointed that my Yellowstone had a nick above Washingtons forehead that I have decided to send it back for a refund. I will not be purchasing anymore of these from the mint. I can't believe they sent this out.

 
At May 24, 2011 at 11:28 AM , Anonymous Anonymous said...

I'm probably in the minority, but I like the Hot Springs the most of any of the first 10 designs because of the texture of the design. Yellowstone looks too "cartoonish" (IMHO).

 
At May 24, 2011 at 11:29 AM , Anonymous Anonymous said...

Just got my yellow stone, I am not a professional but did not find a scratch or a dent and looks perfect to me.
Now the question should I pull the trigger on Gold buffalo or the proof platinum have funds for only one.

 
At May 24, 2011 at 11:36 AM , Anonymous Anonymous said...

Platinum more unique and nice design, but higher risk of losing value.

 
At May 24, 2011 at 11:40 AM , Anonymous Anonymous said...

Both are good choices, both will go up for sure later. The Buff may have a lower mintage this time around. Although the Plat is a higher mintage this time around I think it will still sell out in a week or less because of it's superior non PC design. IMHO.

 
At May 24, 2011 at 11:41 AM , Anonymous Anonymous said...

Now the question should I pull the trigger on Gold buffalo or the proof platinum have funds for only one.

Or the 2011 W UNC Gold Eagle. That's going to be a winner. But I love the Buffalo - great coin.

 
At May 24, 2011 at 11:44 AM , Anonymous Anonymous said...

I agree with anonymous.

 
At May 24, 2011 at 11:52 AM , Anonymous Dreama said...

anon. @ 11:29 AM

I feel your pain, I have the same decision to make, I have the 2009 and 2010 plats. and the 2011 is so much more attractive, I also wanted to collect all 6 in this series, but I really like the Buffalos, and if I go with the buffalos, I need to do it before price goes up this week. WHAT TO DO, WHAT TO DO

 
At May 24, 2011 at 11:57 AM , Anonymous Anonymous said...

It is your choice, not ours. All are great "W" collectables/investments.
I am torn too, all 3 have just great designs.

 
At May 24, 2011 at 12:00 PM , Anonymous Anonymous said...

Little more to go
http://news.coinupdate.com/us-mint-sales-proof-gold-buffalo-and-yellowstone-debut-0843/
Piotr

 
At May 24, 2011 at 12:46 PM , Anonymous Anonymous said...

I take it that the sellout of Gettysburg and Glacier coins means that all remaining coins are in the hands of the retailers. I would say that the demand for the higher production 2011 ATB bullion coins is fairly strong given the price of silver these days, even with the significant pull-back off the highs. I think it looks good so far for the series. Even if the later parks are not as well known, that does not mean that the coin will not have a desirable design. I like the looks of the 2012 coins. However, it could be that the 25,000 or so (and straw buyers) that are buying the P versions are also buying 5 or so of each bullion coin. I think these bullion coins could really catch on with the 1 oz buyers if there were actually any regular ATB quarters that made it into regular circulation. I guess they are out there, but I have yet to see one.

 
At May 24, 2011 at 7:18 PM , Anonymous Anonymous said...

This series would have been fantastic as a 1oz proof series @ about $70 per. I DO want Gettysburg, the bullion version though...
I'm done with the sandblasted P series!

 
At May 24, 2011 at 9:11 PM , Anonymous Anonymous said...

As I've stated before I like the different ATB designs but I think the original Washington quarter reverse eagle would look the best on a large 5 oz silver coin - it's too bad this design is no longer being minted - it's one of the best coins designs ever minted by the US mint.

I wish the mint would have decided to mint one ATB 5 oz coin with this design - I bet it would have been the most popular of all the ATB coins and is probably the best single design and image of a beautiful America.

CG

 
At May 24, 2011 at 9:17 PM , Anonymous Anonymous said...

I am very happy with the yellowstone I recieved today. I hope my luck continues on the next coins in the series.

 
At May 25, 2011 at 10:37 AM , Anonymous Anonymous said...

I just recieved my yellowstone 5 oz. uncirculated coin, im a litte dissapionted because it has a nick on the reverse, it stands out like a sore thumb. I cant believe the mint sent out a coin like this,especially for the price.What can i do? i cant return it for another one, the mint wont guarentee i will get another coin.

 
At May 25, 2011 at 12:51 PM , Anonymous Anonymous said...

I'm probably in the minority, but I like the Hot Springs the most of any of the first 10 designs because of the texture of the design. Yellowstone looks too "cartoonish" (IMHO).


Agreed. Of the 2010, the Hot Springs is the only one that does not look like clip art.

 
At May 25, 2011 at 3:15 PM , Blogger Mint News Blog said...

Update: The US Mint has listed the release date of the Yosemite National Park Five Ounce Silver Uncirculated Coin as June 9, 2011.

 
At May 28, 2011 at 8:44 AM , Anonymous Anonymous said...

Got my 5oz yellowstone; it has nicks at the base of Washington's neck and on the rim that stand out. The reserve is perfect. Looks like quality is already beginning to slip in this series (not sure mint quality was ever perfect anyway). I will likely return it. ...and bailing on this whole series is likely to follow for me...

 
At May 29, 2011 at 8:26 PM , Anonymous Anonymous said...

No nicks or scuffs on my Yellow Stone ATB. I am not an expert on grading but I would say this is as good as it gets.

 
At June 1, 2011 at 1:59 PM , Anonymous Anonymous said...

2010 America the Beautiful Five Ounce Silver Uncirculated Coin™ – Yellowstone National Park, Wyoming (NP2)



Price: $279.95

Sold Out

 
At June 1, 2011 at 2:01 PM , Anonymous Anonymous said...

2010 America the Beautiful Five O

Right off the US Mint Page SOLD OUT! On sale May 16th sold out as of June 1st.

One Ounce Silver Uncirculated Coin™ – Yellowstone National Park, Wyoming (NP2)


Price: $279.95

Sold Out

 

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