Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, June 14, 2011

The Flood of US Mint Silver Numismatic Products


The pendulum of US Mint product offerings always seems to swing from way too little, to way too much. This year collectors seem to be facing "way too much," particularly for silver numismatic products.

For many years, there had typically been two to four different silver numismatic products offered by the US Mint. These have included one or two different commemorative silver dollars and the annual Proof Silver Eagle. Starting in 2006, an uncirculated version of the Silver Eagle was added to the mix.

Most recently, for 2009, both of the collectible Silver Eagles were canceled, resulting in just two silver products. For 2010, the proof Silver Eagle returned, making for three silver products. This year, due to some unusual circumstances, there are fifteen different silver numismatic products that have been released or are expected to be released.

To make matters worse, the flood of silver products occurs during a year when the market price of silver has reached 30 year high. So not only are their more products for collectors to buy, the price levels are significantly higher.

For each of these product counts, I am not including annual sets struck in silver or various packaging types or versions of the same coin. The specific silver products for each year are listed below.

2009 Silver Products

Abraham Lincoln Commemorative Silver Dollars
Louis Braille Commemorative Silver Dollars

2010 Silver Products

2010 Boy Scouts Commemorative Silver Dollars
2010 American Veterans Disabled for Life Silver Dollars
2010 Proof Silver Eagle

2011 Silver Products

2011 Army Commemorative Silver Dollars
2011 Medal of Honor Commemorative Silver Dollars
2011 September 11 National Medals
2011 Proof Silver Eagle
2011-W Unc Silver Eagle
2010 Hot Springs 5 oz Unc Silver
2010 Yellowstone 5 oz Unc Silver
2010 Yosemite 5 oz Unc Silver
2010 Grand Canyon 5 oz Unc Silver
2010 Mount Hood 5 oz Unc Silver
2011 Gettysburg 5 oz Unc Silver
2011 Glacier 5 oz Unc Silver
2011 Olympic 5 oz Unc Silver
2011 Vicksburg 5 oz Unc Silver
2011 Chickasaw 5 oz Unc Silver

Any way you look at it, this year will represent a historic high in terms of the number of silver numismatic products released, going back many years. In 1995 and 1996, there had been seven silver products released per year, due to an outpouring of commemorative issues. This situation actually led to legislation which limited the number of commemorative programs that could be approved for each year.

To find a higher number of silver numismatic products than 2011, I believe you have to go all the way back to 1936, when early commemorative coin issuance had gotten out of control.

There is a potential "silver lining" in the current situation. In the past, at the end of a cycle there have typically been several products that remain overlooked, under ordered, or otherwise low in mintage. The circumstances and specifics are always different, but these types of products have gone on to relatively swift and enduring high price levels on the secondary market.

In 2008, the US Mint reached the peak of an aggressive expansion in the number of numismatic gold and platinum products. For that year, they had offered proof and uncirculated versions, fractional weight coins, and four coin sets across three different programs. Near the end of the year, the US Mint announced the cancellation of the vast majority of the products types, setting off a rapid sell out of remaining inventories. When the dust settled, there were significant winners in the 2008-W Proof and Uncirculated Gold Buffalo coins, 2008-W Uncirculated $10 Gold Eagle, and to a lesser extent some of the low mintage platinum coins.

I see the potential for another batch of winners occurring at the end of the current cycle.

Stay tuned. It's going to be an interesting year.
Coin Update News: US Mint Sales Report

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122 Comments:

At June 14, 2011 at 10:55 AM , Anonymous Anonymous said...

Do you no when the mint last gave of real mintage figures,for the proof and unc silver eagles. Thanks

 
At June 14, 2011 at 11:00 AM , Anonymous Anonymous said...

Michael,

What silver products do you think are going to be the big winners this year? Obviously everyone's interested in the AtBs, but does that mean other products are going to slip under the radar? I would love to hear your opinion as your knowledge of these products is second to none.

I recall you mentioned that you thought the army commemorative uncirculated clad half dollar might be good a few months ago.

 
At June 14, 2011 at 11:02 AM , Blogger Mint News Blog said...

They usually provide final audited sales figures, which would be considered the final mintages, about a year or more after the end of sales.

All of the final numbers are summarized here. Only the 2010 Proof figures are not final.

http://silvereagleguide.com/mintages/

 
At June 14, 2011 at 11:06 AM , Blogger Mint News Blog said...

It's still relatively early in the year. So I am still waiting and seeing for the most part.

I have been buying the 2010 5 oz. ATB's, since these will all probably sell out.

I am watching the 2010-W Unc Gold Eagle and Unc Gold Commemoratives. As in the past, I will continue to buy all of the First Spouse issues.

Back in 2008, everything kind of crystallized near the end of the year and there was a period of several weeks to pick up all of the best potential winners.

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

I think Michael's points are valid, BUT he is misreading the significance of historically high silver. If silver drops off tremendous, even back into the mid 20s, these silver products will be hard pressed to sell for above issue price. The coin collector base is shrinking, that is, dying off and not being replaced by young people. See, stamp collecting.

I would just say that "winners" is relative in silver, and is much more tied up in PM prices.

 
At June 14, 2011 at 11:34 AM , Anonymous Anonymous said...

CNBC has a report expecting gold to go to $5000 an ounce in the next few years. Among other things, China only has 2% of its reserves in gold while other nations have 11%. It would have to buy the next 2 years world production to catch up.

If silver followed along at its historic 16 to 1 ration it would be at $312. If it just stayed at current 43 to 1 ratio it will go to $116.

Hang onto your PMs.

 
At June 14, 2011 at 11:36 AM , Anonymous Anonymous said...

The same could be said of gold, but saying that their are a few winners in silver and gold, and by winners I mean coins selling way above melt or spot price.

 
At June 14, 2011 at 11:40 AM , Anonymous Anonymous said...

Anyone have a idea when the 2010 SILVER PROOF SETS will stop being sold?

 
At June 14, 2011 at 12:06 PM , Anonymous Anonymous said...

US mint is killing me already spent arount $10,000 with ATBs and Gold eagle set. Yeah I did buy more then 1 set of ATBs should have had some control when buying 2010 coins. Already major cut on other spending. I think 2012 will be much calmer. Will save buy the rest of the offerings. BTW new to collecting may be this is the problem.

 
At June 14, 2011 at 12:24 PM , Anonymous Anonymous said...

How long can they sell the gold commemoratives for? Is it 1 year or to the end of 2011?

 
At June 14, 2011 at 1:23 PM , Anonymous Anonymous said...

Wouldn't it be interesting if the low mintage winner was a non PM offering such as the uncirculated mint set? Expect the mint to suspend many offerings by the end of the year. This has really gotten out of hand.

 
At June 14, 2011 at 1:57 PM , Anonymous Anonymous said...

you may need to spend a large sum of money on collecting and hedging on gold and silver (numismatic and bullion) for potential future inflation and dollar devaluation. This is an expensive business to make it a meaningful investment. How could average middle class handle this plus save cash for retirement. I think everyone is for themself including the Mint trying to make a big buck by offerring such a large number of products.

 
At June 14, 2011 at 2:00 PM , Anonymous Anonymous said...

My Yosemite National Park Been Shipped today

 
At June 14, 2011 at 2:09 PM , Anonymous Anonymous said...

I still think that the Mint is going to come up with a batch of 25th anniversary coins. I am prepared to throw in another large sum of money into these, but this will reach my 5% limit of the retirement funds. Hands off for the next five years which I believe will be extremely volatile for the commodities.

 
At June 14, 2011 at 3:55 PM , Anonymous Anonymous said...

I'm also interested if there will be some type of 25th anniversary coins but it's already June and no word of anything planned yet - shouldn't there be an annoucement soon if there is going to be something released this year?

 
At June 14, 2011 at 4:00 PM , Anonymous Anonymous said...

maybe since there is so many other coin offerings this year there won't even be any 25th anniversary coins released this year.

 
At June 14, 2011 at 4:03 PM , Anonymous Anonymous said...

Are they going to try to release all of the 2011 5oz silver coins this year? If they keep going at 1 per month, then they won't be able to do it.

 
At June 14, 2011 at 4:20 PM , Anonymous Anonymous said...

maybe they might release all of the 2011 ATB's P's at the same time.

 
At June 14, 2011 at 4:32 PM , Anonymous Anonymous said...

The rate they are selling the ATB-P (every three weeks), it will be done by October. Especialy ATBs are minted at P, they still have W and SF for minting some other special coins. But it could be all wishful thinking.

 
At June 14, 2011 at 6:15 PM , Anonymous Anonymous said...

Too expensive buying from the Mint. Buy online like ebay, Craigslist, etc. I just got my Gettysburg 5 oz ATB bullion NGC graded at MS-69 DMPL for $245. Mint sells them raw for $279 plus s/h. What a rip off!

 
At June 14, 2011 at 6:27 PM , Anonymous Anonymous said...

Too expensive buying from the Mint. Buy online like ebay, Craigslist, etc. I just got my Gettysburg 5 oz ATB bullion NGC graded at MS-69 DMPL for $245. Mint sells them raw for $279 plus s/h. What a rip off!

That is a great price...I paid $227 on ebay for a Getty. MS68PL.

However, the Mint does not sell these raw dude... again, you are another example of people talking that don't have a clue!!

The 2010 ATB 5 oz silver the Mint is selling have a limited mintage of 27,000

That bullion Gettsburg you bought has a mintage of at least 126,500.

 
At June 14, 2011 at 6:33 PM , Anonymous Anonymous said...

You're comparing apples to oranges. First, yours is bullion, not a numismatic issue the Mint offers. Many of us were able to purchase entire graded sets of the 2010 ATB 5 oz. coins, many MS69DMPL, for $1000, or $200 each. How you can blow your horn about your Gettysburg purchase is puzzling. Anything after the 2010 ATB releases will be worth less, in my opinion, because of the much higher mintages.

 
At June 14, 2011 at 6:34 PM , Anonymous Anonymous said...

the coins from the mint for $279 are collectible coins not bullion and both of the 2010 coins I've received so far from the mint look like they would grade SP70.

 
At June 14, 2011 at 7:02 PM , Anonymous Anonymous said...

i got 2011 ATB in sealed tubes. Upon examination, only one has a scrath that may disqualify it for good grade. The rest are in much better condition than the MS68DMPL 2010 ATB from Jack Hunt. Since it cost more than $50 for grading, paying $245 for a MS69PL Gettysburg is not a bad deal. But you will be competing with the 2011 UNC coins. We don't know the mintage for UNC 2011 ATB, it could be much more than 27,000. APMEX is also selling MS69PL and BU coin for comparable price.

 
At June 14, 2011 at 7:27 PM , Anonymous Anonymous said...

With all the Hoop-La surrounding the ATB 5 OZers, there's one Mint product that's flying completely under the radar (imo)...the 2010 Silver Proof set.

The Silver Proof sets "used" to be released from August to August (approximately). Beginning in 2011, the Mint changed their schedule to be January to January.

The 2010 Silver Proof sets went on sale in August of 2010 and the Mint announced that they would remain on sale through December 2011 (or when a sellout occurs).

Silver sold in the $15-$20 range throughout 2010...until August 2010, when it began a steep rise to $30. By law, the mint can only produce coins during the year inscribed on the coin. That means that all the 2010 Silver Proof sets had to be minted before the end of December 2010.

Consider...the Mint is changing leadership, the price of silver is rising, and the following year will have two (2) competing Silver Proof sets...the 2010 set and the 2011 set.

How many 2010 sets are you going to produce when you don't know 1) if you can sell them, and 2) what it might cost you if you have to melt a large number of sets if the price of silver drops in 2011?

Also consider that in the past ten (10) weeks only 7,000 2010 Silver Proof sets have sold. Folks are buying the 2011 sets because their mintage is lower and sales of both sets will end at the end of 2011.

Long story short...I predict there will be less than 600,000 total 2010 Silver Proof sets sold given their competition with the 2011 sets (assuming there are even that many minted).

The 1999 Silver Proof set sold 804,000. It was the first year of a ten (10) year series and its price shot up to over $400 for a while.

Can you imagine what will happen when the 2010 Silver Proof sets sell out?

Given the First Spouse early sellouts beginning in 2010, do you think the 2010 Silver Proof set supply will even last until December?

...think about it!

 
At June 14, 2011 at 7:36 PM , Anonymous Anonymous said...

Dude, you make no sense.
The 2011 silver set sales will also end by the end of this year. The 2011 full and quarter silver sets will end up with much lower numbers thn the 2010.
Think about it!

 
At June 14, 2011 at 8:16 PM , Anonymous Anonymous said...

What are we talkin' about here in terms of silver coin products released this year in weight if you bought one of each product? Has anyone totated it. The 10 ATB big boys are 50 ozs plus all the 1 ozer's and the silver quarters set another oz. Must be somewhere near 60 ozs of silver products available this year. Getting close to 3500 bucks for mint issued silver if a collector bought one of each. Who woulda ever thunk it.

 
At June 14, 2011 at 8:56 PM , Anonymous Anonymous said...

2011-W Unc Silver Eagle

is in your list in the article,
but it is not on the Mint's product schedule.


Do you know something we do not???

 
At June 14, 2011 at 9:16 PM , Anonymous Anonymous said...

"Dude, you make no sense.
The 2011 silver set sales will also end by the end of this year. The 2011 full and quarter silver sets will end up with much lower numbers thn the 2010.
Think about it!

June 14, 2011 7:36 PM"

Well, I think you're right...the 2011 Silver Mint set has a lot of potential, also.

The difference between the two sets is that the Mint can't make any more of the 2010 sets, but they CAN make more or the 2011 sets.

If, (assuming my guess is correct) the Mint reduced production of the 2010 sets due the the rapid increase in silver at the end of 2010...there's a "chance" that we'll see an early sellout of the 2010 sets...prior to December.

I make this prediction based on the early sellouts of the First Spouse series. If the Mint developes a policy of restricted production on one coin series (due to increasing PM prices), it seems reasonable they would extend that policy to other series, as well.

This is all conjecture on my part so take it with a grain of salt. I'm just saying that there is (imho) little "downside" on picking up a few more 2010 Silver Proof sets if you're so inclined.

 
At June 14, 2011 at 10:39 PM , Anonymous Anonymous said...

If silver slides into the 20s, you will regret buying 2010 silver sets. Word is out on the 99 silver sets. They never were rare, and prices are falling every year.

 
At June 15, 2011 at 3:11 AM , Anonymous Anonymous said...

I am scheduled by UPS to have my Yosemite 5 oz silver P delivered by 10:30 AM, today.

 
At June 15, 2011 at 3:57 AM , Anonymous Anonymous said...

Michael, did you mean you were watching the 2011 W Unc Gold Eagle? I believe there were no 2010 W Unc Gold Eagles, right? Or am I missing something?

I am watching the 2010-W Unc Gold Eagle and Unc Gold Commemoratives. As in the past, I will continue to buy all of the First Spouse issues.

 
At June 15, 2011 at 4:37 AM , Anonymous Anonymous said...

Of course he meant the 2011-W unc gold eagle!
Duh!

 
At June 15, 2011 at 6:30 AM , Anonymous Anonymous said...

APMEX listed the Vicksburg puck and will send alerts when it is on sale.

 
At June 15, 2011 at 7:18 AM , Anonymous Vog17 said...

Received Yosemite 5oz coin this morning.Beautiful coin,not a mark on it MS70.

 
At June 15, 2011 at 7:30 AM , Anonymous Anonymous said...

I'm really looking forward to the Vicksburg and Chickasaw pucks, those are my favorite AtB designs so far. Glad they're being released earlier in the year too.

Now if only silver prices would tumble some to make them more affordable...

 
At June 15, 2011 at 8:11 AM , Anonymous Anonymous said...

Just order Olympic in a sealed tube and another tube of ASE after silver price drops over the last two days. Will try to get the Vicksburg and Chichasaw after the Government resolves the debt issue when dollar recovers again after the end of QE2.

 
At June 15, 2011 at 8:21 AM , Anonymous Anonymous said...

@ Anonymous said...
I am scheduled by UPS to have my Yosemite 5 oz silver P delivered by 10:30 AM, today.

June 15, 2011 3:11 AM

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

The mint just sent my coin out today. Should have it Thursday.

Are they close to selling out ?

 
At June 15, 2011 at 8:31 AM , Anonymous Anonymous said...

Congratulations to Patrick Heller's insightful article about the economic situation (we knew it but "HOPE" it wasn't). I am going to buy more bullion coins before the prices for gold and silver really shoot up. Forget the premium we pay for the numismatic products. Only when ecomony is good people pays high premium.

 
At June 15, 2011 at 8:33 AM , Anonymous Anonymous said...

If you want to sell all your products, just tell people silver is hard to find.

 
At June 15, 2011 at 8:42 AM , Anonymous Anonymous said...

you are correct. Last month a coin dealer told me that ASE is difficult to get, and therefore, they are charging $6 above spot. Good luck when they run out of silver.

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

Yosemite order 376127xx came in this morning. Nice coin. Will keep in OGP. My Hot Springs is the same high quality. The Yellowstone had a couple of small pits. Since I plan to collect these as OGP originals I don't care at all about TPG grades. ALL NICE COINS!!!

 
At June 15, 2011 at 9:59 AM , Anonymous HI YO SILVER (COPPER) said...

Copper Thieves Knock Down 300 Utility Poles In CA Town...



http://sanfrancisco.cbslocal.com/2011/06/14/utility-hit-hard-by-antioch-copper-thefts/


WOW HIDE THE COPPER

 
At June 15, 2011 at 1:46 PM , Anonymous Anonymous said...

8:56 PM According to the Mint website 2011-W Unc Eagles are expected to be released in early fall.

 
At June 15, 2011 at 4:11 PM , Anonymous Anonymous said...

I just noticed that APMEX is selling a 2010-P 5 oz Silver ATB Hot Springs PCGS SP-69 PCGS First Strike coin for $695 and a 2010 5 oz Silver ATB 5-Coin Set PCGS MS-68 PL (FS)for $1995 and they only have one of each in stock.

I would be surprised if both my ATB P coins I've received so far didn't grade SP70 but they surely would grade no less than SP69 so seeing this makes it a little easier to shell out $279 per coin to the mint.

 
At June 15, 2011 at 4:55 PM , Anonymous Anonymous said...

I see that PB is still selling the 5 oz 2010 ATB sets. Could Apmex buy sets from another AP or is this not permitted by the mint. What are PB sets like anyhow?

 
At June 15, 2011 at 5:10 PM , Anonymous Anonymous said...

the mint might raise the mintage for 2011p from 27,000 to 60,000.

 
At June 15, 2011 at 5:16 PM , Anonymous Anonymous said...

If they raise the mintage to 60,000 then I think I won't be buying unless the price is somewhat lower which I don't expect unless PM prices continue to go lower.

 
At June 15, 2011 at 5:22 PM , Anonymous Anonymous said...

I see that PB is still selling the 5 oz 2010 ATB sets.

I'm sorry...who is PB...do you have a phone # for them? Thanks

 
At June 15, 2011 at 5:27 PM , Anonymous Anonymous said...

The web site for Prudential Bache is http://www.prudentialbache.com/view/page/prubache/17214


You are welcome.

 
At June 15, 2011 at 5:34 PM , Blogger 2big2fail said...

the lincoln chronicles set is holding up nicely, but then again that was before the BuBBlE !!

 
At June 15, 2011 at 5:35 PM , Anonymous Anonymous said...

To:If they raise the mintage to 60,000 then I think I won't be buying unless the price is somewhat lower which I don't expect unless PM prices continue to go lower.

Yea, I expect the 2011-P mintages "for sale may go up" but will the actual sales? I've been buying the 2010-P as well as the 2010 bullion with 33,000 minted compared to 126,500 2011 bullion.


However, even if the Mint allows 60,000 2011-P's and beyond...there may be some vert low sales totals, like what has happened with the FS coins.

So, as far as the bullion series goes...the 2010 WILL be the key date and lowest mintage.

I may me making a mistake though buying all the 2010-P coins, as future "sales" coud be much lower.

What do you think?

 
At June 15, 2011 at 5:45 PM , Anonymous Anonymous said...

I think if the ATB falls off later, that will be good news. Then the Mint will come up with another 1/2 oz series of gold coins to replace FS, but they will terminate the 5 oz silver coin forever. When that happens I will hold on to all the bullion and P coins for big profit, say 30 years from now.

 
At June 15, 2011 at 5:51 PM , Anonymous Anonymous said...

Just an FYI and Buyer Beware.

I sent 2 sets of Gettysburg and Glacier 5 oz bullion to PCGS. One set was from APMEX the other from Gainsville. APMEX came in a 5oz airtight. The Gainsville was $20 less and came in bubble wrap

The APMEX- Gettysburg MS69DMPL
Glacier MS68PL

Gainsville- Gettysburg MS64DMPL
Glacier MS67DMPL

I know both cherry pick but it seems APMEX at least throws a bone in once in awhile. Lesson learned.

Side note: Hot Springs graded SP69. A little disappointing but still a beautiful coin.

 
At June 15, 2011 at 5:52 PM , Anonymous Anonymous said...

got my new puck in mail today

 
At June 15, 2011 at 6:06 PM , Anonymous Anonymous said...

APMEX is saling a set of Gettysburg and Glacial MS69PL for about $500, whereas the un-graded cost spot+$5. They definitely cherry-pick the coins. It is probably safer to buy a mini-direct sealed tube of 10 coins.

 
At June 15, 2011 at 8:30 PM , Anonymous Anonymous said...

First time I submitted coins to PCGS. Big mistake. Had them grade eight of my FS coins. Only one came in at a 70. The rest were 69s. Looking at ebay, the ungraded ones seem to be worth more than the 69s.

Can one really tell the difference between a 69 and a 70? No more grading for me that's for sure.

 
At June 15, 2011 at 9:03 PM , Anonymous Anonymous said...

Sept.5,2011 will go down in history.

 
At June 15, 2011 at 9:26 PM , Anonymous Anonymous said...

> Can one really tell the difference between a 69 and a 70? No more grading for me that's for sure.


There is not much of a difference to the naked eye. I learned my lesson with TPGs a while back. You take a BIG risk not only with the grade but also with the coin encapsulation process which may end up causing unnatural toning and lamination which in effect destroys the coin. In my case coins which I had in my possession since the mid 80's ended up with large swaths of lamination after recent PCGS encapsulation. I will now only keep my coins in original government packaging since they stay fresh and unspotted for the long term.

If you plan to keep your coins long term as a collector I highly recommend OGP. TPGs are geared for quick profit flipping. I personally think they are not good for anything else.

 
At June 15, 2011 at 10:10 PM , Anonymous Anonymous said...

I only keep my coins in its OGP. Grading collectible proof and unc coins from the mint is just a waste of time and money in my opinion.

 
At June 16, 2011 at 3:44 AM , Anonymous Anonymous said...

I have noticed the same too -- that US Mint commemorate, silver, gold coins graded MS69 tend to command lower prices on eBay than coins in the US Mint's original packaging with the certificate and case.

If you're a flipper, then taking a chance and sending them to be graded as a MS70 is worth a chance. But it's a risk you're taking. And the odds are against you.....

 
At June 16, 2011 at 3:51 AM , Anonymous Anonymous said...

Guys, didn't you know that if you want coins that have not been cherry picked you just have to pay extra for them - APMEX calls them "Mint Direct" rolls. If you won't pay premium for "Mint Direct" rolls, then you will definately receive cherry picked coins.

Since APMEX handles so many more coins than Gainesville and others, you still have a way better shot at getting higher quality coins from APMEX, since they're cherry picking tens of thousands of coins and smaller dealers cherry pick hundreds.

 
At June 16, 2011 at 6:41 AM , Anonymous Anonymous said...

2011-W Unc Silver Eagle

is in your list in the article,
but it is not on the Mint's product schedule.


Do you know something we do not???

 
At June 16, 2011 at 7:09 AM , Anonymous Anonymous said...

"Looking at ebay, the ungraded ones seem to be worth more than the 69s."

Why not crack them open and put them back in the original boxes? (Hope you didn't throw them away. Empty original boxes sell for surprising prices!)

 
At June 16, 2011 at 7:11 AM , Anonymous Anonymous said...

I bought some gold eagles in PCGS slabs at melt and cracked them all open because they take up too much room. I keep my bullion in 2x2s.

 
At June 16, 2011 at 7:15 AM , Anonymous Anonymous said...

avi player
I'm not so good in numizmatics, but I like this science

 
At June 16, 2011 at 7:35 AM , Anonymous Anonymous said...

Just received my Yosemite from the mint and the quality of this coin far surpasses Yellowstone. Maybe the quality control at the mint is getting better (just kidding).

 
At June 16, 2011 at 7:47 AM , Anonymous Anonymous said...

Got my Yosimite 5 oz this am - right on time. It is a beauty even though - it is expensive. The only problem is when I popped it out to look at both sides the capsule popped apart - the capsules don't seem tight enough.

 
At June 16, 2011 at 7:48 AM , Anonymous Anonymous said...

Will this be the last year of the American Eagle proof? Anybody got an idea about this?

 
At June 16, 2011 at 9:31 AM , Anonymous Anonymous said...

'The only problem is when I popped it out to look at both sides the capsule popped apart - the capsules don't seem tight enough.'

Same here. But before I tightened the capsules back in, I weighed just the coin. It weighed 5.6 ounces, more than half an ounce more than the specified 5 ounces. Is this a good thing or a bad thing?

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

Either scale calibration inaccuracy or a good thing.

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

@ June 16, 2011 9:31 AM

All of the silver blanks should be at or around the same weight.

Your scale likely is off.

 
At June 16, 2011 at 10:25 AM , Anonymous Anonymous said...

Troy oz = 31.1 grams
vs. Avoirdupois oz = 28.35 grams
5 x 31.1 grams = 155 grams / 28.35 = 5.5-ish oz.

I agree that your scale is off just a hair.

 
At June 16, 2011 at 10:29 AM , Anonymous Anonymous said...

APMEX Cherry picks the best coins and sells the rest to chumps that are stupid enought to buy from them.

No I'm not an APMEX employee.

 
At June 16, 2011 at 10:36 AM , Anonymous Anonymous said...

My thoughts on the overwelming amount of Silver coins made available this year.

I believe that the U.S. needs revenue. It is being forced to sell its silver reserves. They bought it for about fifty cents an ounce in the late 1800's. They are now sell it for $60.00 per ounce.

Gold reserves are next. They are valued at $700 billion. By the time they get approval from congress Gold will be worth around $2000.00 per ounce.

Buy now.

 
At June 16, 2011 at 10:44 AM , Anonymous Anonymous said...

Sure, that's fare. Just like all the properties (land, wealth, gold and silver) US accumulated during the good old days. IT IS TIME TO SPREAD AROUND. DON'T YOU GET IT.

 
At June 16, 2011 at 10:54 AM , Anonymous Anonymous said...

Did anyone answer why current graded MS69 and PF69 gold offerings are selling for LESS than what the mint sells them for? Also, how does a seller turn a profit on eBay with prices like that? I'm confused.

Heck, I'll buy a 2011 Proof Buffalo, crack it out carefully and put it back in the OGP. I'll save money and get eBay bucks while I'm at it.

 
At June 16, 2011 at 11:01 AM , Anonymous Anonymous said...

my friend, because everyone belives their un-graded proof coins should be SP70. why would i want to pay more for a inferior grade? go check PGCS price guide, you will see big difference between SP69 and SF70. You hav a better explanation, let us know.

 
At June 16, 2011 at 11:02 AM , Anonymous Anonymous said...

Most sensible folks have figured out TPG scams. There is a great advantage to OGP in the fact that it is OGP! If one is careful with a nice coin, kept safe and free from interference it can remain a mint original for many many years to come - a true heirloom. Send it in to PCGS / NGC and it is handled, many times carelessly, dropped on the floor, sneezed on, flipped with sweaty fingers (PCGS), put into cleaning solutions, loses its virginity, and is finally laid to rest in a plastic casket all for the princely sum of $30 - 100+. So there you go! What you were always afraid would happen as detrimental to your coin, if you kept it, is taken care of by the TPGs, and on to of it all they charge you for it!

 
At June 16, 2011 at 11:13 AM , Anonymous Anonymous said...

Because, 69s are DAMAGED GOODS.

 
At June 16, 2011 at 11:17 AM , Anonymous Anonymous said...

congras for an excellent comment.

but you need them to grade and certify (PCGS/CAC) you old double eagle for a big profit (say $2M) at auction.

 
At June 16, 2011 at 11:32 AM , Anonymous Anonymous said...

A gem is a gem and has intrinsic value regardless of its grade which is not set in stone. A classic case is the 1893-S Morgan which was "conserved" by NGC. They carefully removed the original toning and made the coin look "lust-rous" it kept the same grade (I think MS67) but dropped in value significantly after the "conservation." Remember that the original coin had significantly higher value because of the fact that it was "ORIGINAL." Can you imagine the value of say a Flowing Hair Liberty Dollar in original mint struck condition. It's beauty being intrinsic, would not require a grading company to determine value, and I personally would absolutely not want a grading company to come any where near this coin. Ditto for all EAC. Now think of these 5 Oz ATBs in OGP, and in the possession of your great-grand kids who appreciate the value! TPG plastic is meaningless.

 
At June 16, 2011 at 12:40 PM , Anonymous Anonymous said...

"It weighed 5.6 ounces, more than half an ounce more than the specified 5 ounces."

Your scale probably uses AVP ounces, not Troy ounces.

5 Troy ounces = 5.6 Avp ounces. You shouldn't have played hooky in high school. That boring stuff they taught wasn't completely useless!

 
At June 16, 2011 at 2:08 PM , Anonymous Anonymous said...

Order #: 376545XX -   1  Order date:  6/16/11

 
At June 16, 2011 at 2:09 PM , Anonymous Anonymous said...

Thought I might add my voice to the group of people with loose capsules. Fortunately, the coin itself seems fine, looks absolutely flawless (much like the rest of the entries in this series that I've bought). Wonder if something went wrong producing the capsules this time.

Can't wait for Grand Canyon, my favorite of the 2010 designs! :-)

 
At June 16, 2011 at 3:08 PM , Anonymous Anonymous said...

I haven't had the loose capsule problem but I almost need a crowbar to pry the capulated 5 oz. coins out of the box.

 
At June 16, 2011 at 3:46 PM , Anonymous Anonymous said...

To remove the encapsualed 5 OZ coim. extract the coin holder from the bottom of the box. It is then easy to push on the back of the holder and the coin will come out. Re-insert the holder back into box bottom.

 
At June 16, 2011 at 5:05 PM , Anonymous Anonymous said...

I just recieved my Yosemite coin today. Close to perfect as it can get. I had no problems with packaging. Cant get any better than this. UPS man actually ran it to my front door. Time delivered was 10:22 AM. Eight minuts to spare.

 
At June 16, 2011 at 5:16 PM , Anonymous Anonymous said...

Because, 69s are DAMAGED GOODS.
=======================
There is really no such thing as a perfect coin (70). All coins have some imperfection. I have even seen some 69s look better than 70s, and for a lot less money.

 
At June 16, 2011 at 5:20 PM , Anonymous Anonymous said...

I got mine 5oz ATB today, sorry to say it sucks in quality, got a scratch on reverse, the rimes look bad, it be the second coin for me to send back for exchange, i exchanged the yellowstone before, it seems like when they send me the coin, the quality control guy must be on lucnh ot taking a nab, i guess just my luck

 
At June 16, 2011 at 5:50 PM , Anonymous Anonymous said...

APMEX is now selling the San Fransico minted silver eagles in several formats:
Direct Mint rolls...$20 more than Westpoint diect mint rolls.
PCGS MS69's and MS70's
PCGS sonically seled tubes.

They don't seem to be charging too much of a premium for the SF coins...but ANY premium long term is not justified..a 1 oz bullion silver eagle is a 1 oz silver eagle...and regardless of the mint...it is stupid to have these graded...just buy rolls.

 
At June 16, 2011 at 6:00 PM , Anonymous Anonymous said...

'Troy oz = 31.1 grams
vs. Avoirdupois oz = 28.35 grams
5 x 31.1 grams = 155 grams / 28.35 = 5.5-ish oz.'

Thank you for this great explanation.

 
At June 16, 2011 at 6:06 PM , Anonymous Anonymous said...

'I got mine 5oz ATB today, sorry to say it sucks in quality, got a scratch on reverse, the rimes look bad, it be the second coin for me to send back for exchange, i exchanged the yellowstone before'

I also have returned the HS for replacement before. With all the quality issues these ATBs have, I just feel sorry to all the people buying ATBs in unopened boxes on ebay.

 
At June 16, 2011 at 6:09 PM , Anonymous Anonymous said...

'Why not crack them open and put them back in the original boxes?'

I was thinking about this. How do you safely do this without damaging the gold coin inside?

 
At June 16, 2011 at 6:14 PM , Anonymous Anonymous said...

I believe the troy has 14 Oz to a lb as opposed to an avoirdupois which is 16 Oz to a lb. so the conversion factor is approx 16/14 ~ 1.1 between the two.

 
At June 16, 2011 at 6:17 PM , Anonymous Anonymous said...

I don't know for sure, but I thought a troy pound = 12 oz's.

 
At June 16, 2011 at 6:18 PM , Anonymous Anonymous said...

> I was thinking about this. How do you safely do this without damaging the gold coin inside?

There's a tool which looks like a giant wire cutter sold at Home Depot or Lowes. You can use it to VERY carefully snap off little bits of the very edge of the TPG case. You have to hold the case in the center firmly. Then the two lids separate and the coin pops out. Yu may consider getting a pair of lint free or vinyl gloves and carefully remove the coin and place immediately in the capsule and shut it tight - no dust. I have heard of people using solvents etc. I eschew this nonsense.

 
At June 16, 2011 at 7:09 PM , Anonymous Anonymous said...

Can you use a dremel to cut the seam all around the TPG casing and then separate the top lid from the bottom? Has anyone done this?

 
At June 16, 2011 at 7:30 PM , Anonymous Anonymous said...

I believe they should make a 5 ounce quarter with George Bush Junior because he saved America after 9/11.

 
At June 16, 2011 at 7:40 PM , Anonymous Anonymous said...

Can you use a dremel to cut the seam all around the TPG casing and then separate the top lid from the bottom? Has anyone done this?


This may be possible but potentially a lot of messy work. You may have to use a steel / carbide bit with frequent cleaning of the cutter to remove embedded plastic. Furthermore the ultrasonic process they utilize to seal the case makes a deep weld so you have to work through a lot of material before making it to the unsealed perimiter. Certainly worth a try.

 
At June 16, 2011 at 9:36 PM , Anonymous Anonymous said...

I used a hammer and chisel. Make sure it's loose all around before opening it.

 
At June 17, 2011 at 4:22 AM , Anonymous Anonymous said...

It's actually much easier than that:

http://www.youtube.com/watch?v=10w3R6Go0zM

 
At June 17, 2011 at 4:45 AM , Anonymous Anonymous said...

No living US Presidents can be honored on a coin. Medals are OK. With that being said, let's hear it for women's rights. Sarah Palin all the way...!

I believe they should make a 5 ounce quarter with George Bush Junior because he saved America after 9/11.

 
At June 17, 2011 at 5:35 AM , Anonymous Anonymous said...

Dates are up for the last 2 5oz ATB's. June, 29 and july, 28.

 
At June 17, 2011 at 6:00 AM , Anonymous Anonymous said...

with the timeline for ATB, it looks more likely that the Mint has the outage for 25th anniversary coins. Hope they start to make some announceent.

 
At June 17, 2011 at 6:52 AM , Anonymous Anonymous said...

I wonder why there's a month gap between Grand Canyon and Mount Hood? That doesn't follow the pattern thus far.

 
At June 17, 2011 at 6:55 AM , Blogger Logicsays said...

@Anon June 16, 2011 5:20 PM

My coin has what looks like an additional groove in the outer edge of the coin.. not a faint groove but an obvious one.. kind of sucks.

 
At June 17, 2011 at 7:51 AM , Anonymous Anonymous said...

Got my 5 oz Thursday not bad but noticed a few small marks on the trees abouve the log.

I only live about 12 miles from the Philly Mint, I would love to bring it there in person to show them. Most likely they will say call customer service

 
At June 17, 2011 at 8:14 AM , Anonymous Anonymous said...

I would keep the coin. My Yellowstone is similar - it has rim/edge artifacts and there is a sizable pit on the obverse in the lettering but it is still a very nice coin. I don't care for grading and will keep it in the mint package. It is still rare. Nothing's perfect!

 
At June 17, 2011 at 9:25 AM , Anonymous Leo S. said...

Check the Mint website. They just scheduled the last 2 2010 ATB coins. Looks like they indend to get all 10 coins in this year.

 
At June 17, 2011 at 9:28 AM , Anonymous Anonymous said...

The Yosemite P 5oz, sold 20,511 by Sunday or nearly 76% of inventory.

 
At June 17, 2011 at 11:12 AM , Anonymous Anonymous said...

Hi Michael!
Is that the AGE you were talking about?

https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=16260&langId=-1&parent_category_rn=13238

Thanks!

 
At June 17, 2011 at 11:25 AM , Blogger Mint News Blog said...

Yes.

 
At June 17, 2011 at 11:37 AM , Anonymous John Abbott said...

Why so high this year? It almost seems reckless.

 
At June 18, 2011 at 5:21 AM , Anonymous Anonymous said...

Hi Michael. I noticed you mentioned what you're collecting. Did you buy the 2010 ATB bullion set too? What are your thoughts on their long term collectability? Thanks.

 
At June 18, 2011 at 6:04 AM , Blogger Mint News Blog said...

I was able to pick up several of the 2010 ATB bullion sets by buying from different APs.

At the time it was a great way to add to my silver holdings and get a low mintage coin. I continue to like the prospect of these coins long term.

 
At June 18, 2011 at 8:04 AM , Anonymous Anonymous said...

Great, thanks for the response. I too have a few sets. I have similar feelings about them long term. Unfortunately, it dried up some of the funds to purchase other pieces that I want like the 2011 W UNC. Gold Eagle. I think that will be a winner. I opted for the Army and MOH commemorative UNC's. Those are really flying under the radar. Plus, they're neat coins. I also collect watches and was thinking of selling a couple to buy that 2011 W Gold Eagle. But I just can get myself to part with anything in my collection whether it be coins or watches! Not buying the 2011 W Gold Eagle has been a good lesson in moderation, restraint and self control. We'll see how long it lasts!

 
At June 18, 2011 at 3:46 PM , Anonymous Anonymous said...

The 2011 Unc Silver Eagle is on the mints product schedule. Why are they asking if you are talking about the 2011 Unc Gold Eagle in a Blog about Silver Numismatic Products?

 
At June 18, 2011 at 4:17 PM , Blogger PsychDr said...

Michael, in an earlier post you stated "
I am watching the 2010-W Unc Gold Eagle and Unc Gold commemoratives". As a collector and avid follower of your blog I am always looking for some kernal of knowledge from you that might influence the way I personally think and evaluate purchase decisions. Could you help me understand whats the psychology behind your aformentioned thought? Is it simply the relatively low sales figures I have seen on these two coins or is their other variables that I might want to consider? Thanks, as always I really love this blog

 
At June 19, 2011 at 6:45 AM , Anonymous Anonymous said...

I agree that the 2010 bullion and US Mint 5 ounce ATB P silver coins and the 2011 W UNC $50 gold eagle will sell more than their original sales prices. But I am skeptical if their return on investment (ROI) will be high.

The 2008-W $50 proof gold Buffalo increased by 3 - 4 times from its sales price. That's a fair ROI.

Can we expect the ATB P 5 ounce P silver coins to sell at a comparable ROI -- from $800 - $1000? Or the 2011 W Unc gold eagle to sell from $5500 - $6900? I am highly skeptical.

 
At June 20, 2011 at 7:53 AM , Anonymous Anonymous said...

Michael,
Do you or anyone else know which version of the MOH gold coin, has the most detail? Sometimes the Proof has those dots within them that take away some detail. I wonder if the UNC has a better eye appeal. Tim

 
At June 20, 2011 at 7:54 AM , Anonymous Anonymous said...

Hmmmm, where did all of this silver come from? Tim

 

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