Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, June 10, 2011

Proof Silver Eagle Preliminary Details

The United States Mint recently published pricing for the 2011 Proof Silver Eagle and provided some other preliminary details to customers who have subscriptions placed for the offering.

Based on information published in the Federal Register, the cost of the 2011 Proof Silver Eagle will be $59.95. According to information provided to subscription customers, there will be an ordering limit of 100 coins per household in place at the start of the offering. Based on the Mint's online product schedule, the coins will be released on June 30, 2011.

The pricing reflects an increase of $14 from the 2010-dated proof coin, which was $45.95. This increase was to be expected, since the market price of silver has risen.

Pricing for the 2010 Proof Eagle was provided on October 4, 2010, when silver was $22.03 per ounce. At the time the coins went on sale November 19, silver had risen to $27.07 per ounce. The premium above metal value at these two respective points in time was $23.92 (108.6%) and $18.88 (69.7%).

The premium for the 2011 Proof Silver Eagle based on today's London Fix silver price of $37.38 is $22.57 (60.4%).

The household ordering limit for this year's offering is the same that was initially in place for last year's offering. The limit for the 2010 proof Silver Eagle was eventually removed after two weeks of sales.

The initial start of sales for the 2011 Proof Silver Eagle is significantly ahead of last year's offering, which was released on November 19 and sold out by December 28 at 860,000 units.

I will have some additional commentary closer to the release date.



At June 10, 2011 at 3:12 PM , Anonymous Anonymous said...

What mint mark on the 2011 proof silver eagles.

At June 10, 2011 at 3:13 PM , Anonymous Anonymous said...

Only 100 per household? I'll have to use all my sisters' and cousins' names like for the ATB.

At June 10, 2011 at 3:26 PM , Anonymous Anonymous said...

Maybe some will be minted in S/F

At June 10, 2011 at 4:22 PM , Anonymous joe said...

Thanks for the heads up, Michael. I will have to put it on my calendar.

At June 10, 2011 at 4:45 PM , Blogger Sigo Plapal said...

To anon:

The '11 proof ASEs will have a W mint mark according to the mint.

At June 10, 2011 at 5:06 PM , Anonymous Anonymous said...

No limit after two weeks? I guess I don't need to ask any friends for additional silver.

At June 10, 2011 at 5:25 PM , Anonymous Anonymous said...

Any new order #s?

At June 10, 2011 at 6:10 PM , Anonymous Anonymous said...

My math sort of stinks but it looks like these Proof ASE are a larger premium than the 5oz ATB numismatics.

If this is true I wonder how may people who complained about the ATB's will do the same for the proof ASE's?

At June 10, 2011 at 6:15 PM , Anonymous Anonymous said...

Despite what many people think, silver is not rate. If you look at the million of silver blanks that are produced each year throughout the world, it is evident that there is plenty of silver to go around....

At June 10, 2011 at 6:51 PM , Anonymous Anonymous said...

In the 1950s the US government had a stockpile of 3.5 billion ounces of silver. Now it has only a few million.

Most of the gold ever mined still exists, but silver is used up in industrial uses. It can't be recovered. There are more and more uses for silver but even at today's high price they aren't mining more of it.

You decide.

At June 10, 2011 at 8:20 PM , Anonymous Anonymous said...

This is a lovely coin. Too bad they don't make it in fractionals like the Mexican Libertad. Some might say I am in over my head in 5 oz. ATB's so I may pass on it this year.

At June 10, 2011 at 9:15 PM , Anonymous Anonymous said...

I believe that the original mandate was to use an exclusive US stockpile of surplus silver for the ASE. This must have run out by now so I wonder who is sourcing the silver these days for the ASE?

At June 11, 2011 at 2:57 AM , Anonymous Anonymous said...

If you look at sales prices for completed ebay auctions of the 2010 ATB 5 ounce P coins, you'll see that most, if not all, prices are below $400.

Also, sold prices for the Yellowstone coin appear to be in a lower range than the Hot Springs coin.

I wonder if the declining trend in sales prices is an indicator of things to come?

At June 11, 2011 at 4:14 AM , Anonymous Anonymous said...

I absolutely love the ASE design and am buying even at the higher price.

At June 11, 2011 at 6:10 AM , Anonymous Anonymous said...

The interest in the 5 oz P coins is definately waning...

There was just too much hype at the beginning. 27K mintage for a 5 coin is not as rare as it sounds.

At June 11, 2011 at 6:24 AM , Anonymous Anonymous said...

Keep telling yourself that......Wait until silver goes up a few dollars again.

At June 11, 2011 at 6:36 AM , Anonymous Anonymous said...

@Anonymous said...
I believe that the original mandate was to use an exclusive US stockpile of surplus silver for the ASE. This must have run out by now so I wonder who is sourcing the silver these days for the ASE?

June 10, 2011 9:15 PM

The US has more silver in the ground that has not evev been touched yet. Why do you think Uncle Sam owns half the land in the West like Utah, believe me its not because of the beauty but what is in the ground.

At June 11, 2011 at 6:36 AM , Anonymous Anonymous said...

The facts are that yes, the 5 oz silver P coins are selling out, but demand on the secondary market appears to be lukewarm.

Check out closed auctions on eBay and you'll see that the two sold out coins are selling in general, in the $330 - $380 range.

Not bad for a $280 purchase. However, ebay fees are 9% of the sales price. Then add on PayPal fees and you'll find that the profit margin is very slim indeed.

Will the coins go up in value with time? Facts are that the secondary market (ebay) values for the Yellowstone P coin are lower than the Hot Springs P coin. I wonder what the value of the Yosemite coin will be when and after it sells out. Time will tell....

At June 11, 2011 at 6:37 AM , Anonymous Anonymous said...

They can cut the mintage of both the ASE-W and ATB-P 5 oz and I wouldn't complain. Make it 250,000 ASE and 10,000 ATB. I will still continue to buy both these issues because I like the designs and want to pass them on to the next generation.

At June 11, 2011 at 8:41 AM , Anonymous Anonymous said...

Personally I will like to see the proposed mintages for the next batch of 5 oz unc's from the mint. I don't think they could sell more than 60 large in a years time at one per household. Now if they up the ordering limit then 100 large or more is definitely possible. That' why I plan to obtain only the first five and wait and see what the sales pace is on the second batch before getting too excited.

Now for those who really like the coins I agree, go ahead and buy what you like. I would have rather had them in one oz. proofs as a complete collection for everyone who wants one would have been possible. But that ain't a gonna happen.

At June 11, 2011 at 8:51 AM , Blogger SunTzu said...

People need to give the series a chance before nailing the coffin on the ATB's. Look at the UHR's. I remember turning my nose up at them at $1400 on the secondary market.

With the uniqueness of the offering, coupled with 27k limited to one per household; the basic recipe is there for success on the secondary market for those that follow this.

The final ingredient will be demand as well as a rise in PM's.

What might be interesting is the number sold for the 2011's and beyond. If interest wanes, there can be some low numbers like the Spouse series. Some "key coins" in the series might arise i.e. Julia Tyler - nice design, low number, increased demand. There might even be an unofficial subset somehow created.

The last thing I like to do is predict since it isn't certain. I read an awful lot of predictions on this board regarding certain offerings. I see people so certain of themselves and the reality couldn't be farther than what they wrote. I wonder if those so arrogant go back and read what they predicted?

At June 11, 2011 at 9:11 AM , Anonymous Anonymous said...

Yosemite sold out.

In the next few weeks you will see this on the Mint site, so what is your gut reaction for those that passed on it?

These ATBs will be remembered as quick sell outs. No one will care if it took a few days or a few weeks. Folks will just know they were a low mintage, quick sell out and wished they could have had an opportunity to buy one directly from the Mint.

At June 11, 2011 at 11:08 AM , Anonymous Anonymous said...

@ June 11, 2011 9:11 AM

Yes, they may be remembered as quick sell outs. But interestingly, I have not seen any excitement or significant price increases after news of the sellouts.

If demand continues to exist for the 2011 (and beyond) silver P 5 ounce coins, then I would agree with you that values would rise. But so far, based on the available information, supplies seems to match demand.

If the Mint allowed buyers to purchase more than one coin, then sure, there would be fewer sellers and prices would be higher. But that ain't the case...

At June 11, 2011 at 12:16 PM , Anonymous Anonymous said...

No question that the first 5 ATB all sell out relatively quickly. The question is how the rest of the 5 oz. will do. I for one would never consider collecting all 56 of them for the next 10 years. If the 2010 series are not a quick sell out as people expected, I doubt very much if the rest of them would do well unless they reduce the mintage. This year alone the Mint needs to get rid of 10 coins total. People will be so satiated with the weight and storage of the coins.

At June 11, 2011 at 2:15 PM , Anonymous Anonymous said...

I bought rolls of Silver eagles in 95' for six bucks a coin. They went up in value

Well the ATB have the same results?

Da.. yes.

At June 11, 2011 at 5:08 PM , Anonymous Anonymous said...

As the baby boomers retire and die off over the next 10 years, all their collectibles will be put on the market. Prices of collectibles will decline sharply because none of the younger people collect coins. They are too impatient jumping from one place to another on their smart phones while listening to rap music. The coins will only have value as according to their precious metal content. Stamps will be sold well below face value as paper has little intrinsic value.

At June 11, 2011 at 5:16 PM , Anonymous Anonymous said...

The ATB series won't get past 2012. They are expensive for what you get, too big and heavy to store and showing very poor returns on the secondary market while this item is supposedly "hot".
I can't imagine these dinosaures making a 10 year run. The novelty is already wearing off fellas....

At June 11, 2011 at 5:23 PM , Anonymous Anonymous said...

"As the baby boomers retire and die off over the next 10 years"

What? That's a lot of people all retiring and dying in 10 years.

Since the last boomers were born in 1964 and they won't retire until 2029, and will probably live about 15 years more, it'll take about 33 years, not 10.

Since boomers are just now starting to retire and many spend more time and money on their hobbies during retirement, there will probably be a jump in prices for the next 10-15 years before there is a decline.

At June 11, 2011 at 5:38 PM , Anonymous Anonymous said...

This year the first boomers, born in 1946 turn 65. Normally hobbies like coin and stamp collecting would expand as former collectors take up their old hobbies again.

But in this economy, with the government forcing interest rates down to zero, retirees won't have as much income as they expected. They'll have none!

I know some people complain about bringing up politics, but it would be nice if next year we get a new government that allows people to get 5 or 6% interest on their savings.

At June 11, 2011 at 5:42 PM , Anonymous Anonymous said...

The 5 oz. ATB's are mandated by law. Just like the FS's there is no shutting this series down unless the law is changed.

At June 11, 2011 at 5:52 PM , Anonymous Anonymous said...

This post is about the upcoming mint sale of the 2011 proof silver eagle sale yet it, like so many other postings, is high jacked to talk about the 5 ounce ATB coins. What does this say about people’s interest in these 5 ounce coins? For a supposed failed issue people sure like to talk about them. Markets depend on disagreement. Where there is no disagreement in perceived value there is no market. So buy them or don’t buy them ultimately the market will determine their fate.

At June 11, 2011 at 7:27 PM , Anonymous Anonymous said...

Too many incorrect facts here.

People over 65 are the wealthiest segment of the population. Not all of them are poor and living on a fixed income.

Secondary market prices for the collector versions are very consistent for all three issues, in the $350-400 range for something you just bought for $280. Be patient. You don't make money overnight with coins unless you find something underpriced.

The bullion versions- only a fool bought them for 2-3-4 grand or whatever in the beginning. But if you bought a set or more from an AP for a grand or less, you are doing fine.

If all you care about is a quick buck, you are in the wrong hobby.

At June 11, 2011 at 8:00 PM , Anonymous Anonymous said...

Re: Where the silver comes from for ASEs?

I'm believe there is a law that ASEs are minted with silver mined EXCLUSIVELY in the US, and no where else. I believe Idaho is one of the bigger silver mining states, and they are one of those states that pushing for monetization of silver and gold coins, like Utah.

At June 11, 2011 at 8:10 PM , Anonymous Anonymous said...

Do you all expect the bullion versions of the ATB 5oz will increase in value as collectables?
They are MUCH preittier than those "sand Blasted" things the mint is touting at a big premium...

At June 11, 2011 at 8:25 PM , Anonymous Anonymous said...

Just remember that the secondary markets is full of people that just want one to brag about to their friends.

The bullion ATB Five ozers will fill that void and make us all alot of money and we can use the profits to buy the collector P mint mark version. The ones that are really going to show profit.

In the end everybody will be happy.
Stop being a crybaby because you have no vision.

At June 12, 2011 at 5:06 AM , Anonymous Anonymous said...

The 5 oz. ATB's are mandated by law. Just like the FS's there is no shutting this series down unless the law is changed.


I believe that is true for the bullion issues released by the APs but not the collector P version sold by the US Mint.

At June 12, 2011 at 5:26 AM , Anonymous Anonymous said...

@ June 11, 2011 8:10 PM

To each his own.

Check out secondary market values on eBay for the bullion version and the US Mint P version.

Guess which ones are selling for higher prices?

At June 12, 2011 at 6:13 AM , Anonymous Anonymous said...

Numismatic versions are SELLING for more.

At June 12, 2011 at 6:18 AM , Anonymous Anonymous said...

I'll take a bullion version graded MS69DMPL over a Numismatic version graded SP70 all day long...

At June 12, 2011 at 8:18 AM , Anonymous Anonymous said...

I wrote this before just wondering
if other do this.
I go through 100 rolls of cents every week from the bank and I average about 40 wheats. I only keep the nice pre 82 copper cents.
There is still about a third of copper cents in every box of cents
about 3 months ago I found 2 very nice MS DD 1995 and have found over a roll of of wide AM's in the last 2 years

At June 12, 2011 at 8:53 AM , Anonymous Anonymous said...

@ June 12, 2011 8:18 AM

Great news! To me, that's the essence of coin collecting.

What part of the country / state do you live in? I've found that in small to mid sized towns, it's easier to find the older (wheat) pennies. Seems like many folks clean out their cookie jars and deposit their previously unwanted coins in the bank.

At June 12, 2011 at 10:09 AM , Anonymous Anonymous said...

FWIW the certificate in the box with the 5 oz. big boy states it was "minted and issued in accordance with legislation . . . as Public Law 110-456." No doubt the silver or silver mining industry had a part in writing the legislation. Unless there is a loophole in the law don't drop your shorts just yet as these babies are here for the duration.

At June 12, 2011 at 11:32 AM , Anonymous Anonymous said...

If I'm reading PL 110-456 correctly, it looks to me like it applies to Bullion issues only.

It also states "(B) may only be available for sale during the year in which such circulating quarter dollar is issued". This is probably why the mint can sell the 2010 "P" ATB in 2011.

So if this info is correct the mint could stop producing "P" ATB just as they did Proof ASE in 2009. They just need to make the bullion issue.

At June 12, 2011 at 12:20 PM , Anonymous Anonymous said...

I have a team of Philadelphia attorneys that are gonna look into this coin law. Should have an answer in about three years. Always remember, a poor attorney will let a case drag out for months. A good attorney can make a case drag out for years.

At June 12, 2011 at 12:23 PM , Anonymous Anonymous said...

They should mint the front at westpoint, with a w mintmark. and the back at s/f with a s mintmark How will the grading companies label that.

At June 12, 2011 at 12:48 PM , Anonymous Anonymous said...

I have also been considering checking penny rolls from the bank for pre - '81 copper coins. It is tempting considering they are worth 2 1/2 times fv. But the time and storage involved has made me wonder if it would be worth the time.

What I have been doing for the past 1 1/2 - 2 years is checking for silver coins at the banks - mainly half dollars.

Just this last Thurs. I checked one bank I've had good luck at in the past and the teller had one single half dollar and it was dated 1967. I checked another bank that I've never had any luck at in the past and because of that I almost didn't stop but to my surprise they had 8 half dollars and 7 of them were silver - 6 40% silver Kennedy's and one 1959 Franklin - not a bad ratio of silver to non - silver (one out of one at the first bank and 7 out of 8 at the second).

I really hit the jackpot about 6 weeks ago at a bank I've probably had the best luck at over the past 1 1/2 - 2 years. I went in and asked the teller if anyone had any half dollars and she checked with the other tellers and no one had any halves but one teller said she had some silver dollar coins which I figured were probably clad Ike dollars but I thought I would go ahead and get them anyway just in case I might get lucky and maybe get an actual 40% silver Ike dollar. To my surprise when the teller was walking back to the window after getting the coins from the other teller I could see she had 4 REAL silver Morgan dollars in her hand. She started looking at them more closely and said something about how unusual they looked and how heavy they were. I just nodded my head while trying to keep my jaw off the floor and my eyes from popping out of my head.

After I paid the 4 dollars for the 4 coins and was in my car I looked at the coins more closely and I saw I had a 1878, 1878S, 1899 and a 1901O. The 1878S and the 1899 coins looked to be in the nicest condition (1878S in VF and 1899 in F - VF). I couldn't remember for sure at the time what the mintage was for the 1899 coin but I figured it was probably only worth the intrinsic silver value like the others (which was about $30 each at the time) so I figured I had just got $120 worth of silver for $4 fv and I was quite happy.

Well when I got home later that day and checked the mintage figure for the 1899 Morgan dollar I was surprised to see it has a low mintage of 330,000 and lists for about $150 in F to VF cond. So the coins I thought were worth $120 in intrinsic value are actually worth about $240 in intrinsic and numismatic value - not bad for $4.

This is the very same bank that I got an entire roll of Franklin half dollars (1959-1963) in around Sept of 2009 which at the time were worth about $6.50 each and are now worth about double and which got me interested in checking for half dollars at the bank - but now I also make sure to check for silver dollars but I don't think I'll ever have this kind of luck again but I remember thinking the same thing in Sept of 2009 when I bought the roll of Franklin's for $10 fv.


At June 12, 2011 at 3:46 PM , Anonymous Anonymous said...

Nice score!

A few weeks ago I hit the 90% silver lotto. $95.50 in face value 90% and one 40% half.
Eight Morgans (one 1903-S), lots of peace dollars, over 70 Walking Liberty, 41 Franklin, fifteen 1964 Kennedy and lots Washington quarters.
A teller who knows I collect saved them for me, said an old lady brought them in a few days before. I gave the teller a nice “finder’s fee” hopefully she’ll be even more motivated to save the odd silver that comes her way!

Also, I found some 40% at a local casino. A friend told me that he noticed the Black Jack tables where I live had stacks of halves. The cashier didn't want to sell them to me so I had to play a few hands to get them.

At June 12, 2011 at 4:09 PM , Anonymous Anonymous said...

That's a real jackpot.

Too bad for the old lady though - she exchanged her real money for federal reserve treasury notes that are nothing more than non - interest bearing IOU debt notes from a government that is 14 trillion in debt and growing while you just did the opposite.


At June 12, 2011 at 4:11 PM , Anonymous Anonymous said...

Last month at the local bank I got 6 rolls of 40% and 1 roll of 90% Kennedy. Plus I got 1 Booker T. Washington commerative half. It was circulated so not really worth more than the silver value.

At June 12, 2011 at 4:32 PM , Anonymous Anonymous said...

Seems like others have had even better luck than me - so I'm going to keep at it because you can't do better than getting silver at fv - one person's loss is another person's gain.

I do feel bad for that old lady though - that $2500 she gave away was probably money she couldn't afford to loose.


At June 12, 2011 at 4:54 PM , Blogger SunTzu said...

I found a torn, ratty, crumpled 1953 $2 bill in my home last week. It was a total mess and not worth more than $2. It looked like an oval because all 4 corners were chewed away.

I brought it to my local bank and asked a girl at one of the desks if they would accept it given that it was near torn to shreds. She had no idea. A nosy, but friendly customer overheard me and came over. Turns out he is a currency collector. He laughed and said it's worth $2 and the only place that would give me $2 is the bank. I told him I was a coin collector and we shared a nice conversation.

I brought my pathetic $2 bill to the window and it was a novelty for all the tellers to see. They never saw one that old. She happily gave me my $2.

I waved goodbye to the currency collector and proceeded down the street to the Hershey store and bought a small cone of "cookies vs. peanut butter" ice cream with my fresh $1 bills.

On another note, I always pop in the bank and ask if they got any "unusual" coins in. Maybe I'd get lucky some people here. But, they never get anything. It's the lazy way of finding out. I need to search the rolls.

At June 12, 2011 at 5:06 PM , Anonymous Anonymous said...

I do feel bad for that old lady though - that $2500 she gave away was probably money she couldn't afford to loose.

I feel bad too, at the time I got the coins silver melt was closer to $3100. My thought is... maybe her husband recently pass and because there are no coin shops in the area she just took them to the bank.

Not all is lost I did also donate close to 10% of the calculated melt at the time to two international charities. I usually do this when luck comes my way!

At June 12, 2011 at 5:20 PM , Anonymous Anonymous said...

BTW don't you feel bad for the teller? She could have kept them for herself!

At June 12, 2011 at 5:50 PM , Anonymous Anonymous said...

To: Anonymous 5:06 PM

I didn't mean to pass judgement on you but I think that maybe the teller who received the coins should have given some thought to the old lady's situation but then again she probably doesn't know much about coins (if anything) like most tellers and maybe the old lady was just hell bent on making a deposit or getting cash - I wasn't there so I obviously don't know so I shouldn't judge.

Anyway that was one heck of a find - I'd be in shock if I ever made a score like that - it's almost like legally stealing from the bank (actually from other ignorant or uninformed customers) - I remember that's how I felt when I got the roll of Franklin's over a year and a half ago.

And I'll keep searching - who knows maybe there is a bank somewhere near me with even more silver than you found - only time and persistence will tell.

Keep searching - just hopefully not near me - I think I already have enough competition searching for coins where I live - or so some of the bank tellers tell me.


At June 12, 2011 at 7:07 PM , Anonymous Anonymous said...

Talk about silver coin scores! Think I got a few of you guys beat. Three months ago I had a business trip to Reno, NV. and spent 4 days there. Being alone I toured many of the lesser fancy - old time casinos to while away a few hours playing quarters. On night three, I found a non-modern steel slot machine that advertised it paid out winnings in real silver dollars. It was obviously a come on machine and non-local tourist types like me lined up to get one. Standing to the side to watch the action it seemed to pay out (mostly Peace dollars, and Morgans as well) on the ratio of 1 win after 4 - $1.00 paper bill bets. I quickly figured it was worth $4 or $5 to get a nice silver coin. The hardest part was getting back on line , playing a $10 bill worth to get 2 silver coins and walk away before anyone behind you complained. Being a persistant type, in 2 nights I spent 10 nighttime hours hitting that slot machine over and over. Only once did a floor security guard give me a cross eyed stare when he noted I was carrying a large plastic cup filled to the brim with silver dollars. The good news is he said nothing, just offered a displeased look. Even casinos frown on shooing away customers in this economy. The total trip score was 87 silver dollars brought home. I doubt it cost $400 to get them. Most are in usually great condition and must have be stored in the casino basements for many years. Don't let anyone tell you US silver dollars aren't around in some places and are still used in business! It's a great come-on and a rarity to find these days. Before you ask, it's small casino near the waterway in mid-downtown, about 3 blocks south of the El Dorado. Yes, I've volunteered a repeat assignment there in August. Lol.

At June 12, 2011 at 8:08 PM , Anonymous Anonymous said...

Nice score. It's interesting to read other people's good luck stories in finding coins.

Your right - old coins are still out there in circulation - it's just a matter of finding out where they are.

Keep searching and let us know how well you do next time you are there.

Btw, did you find any good date/mint mark coins out of the 87 you won? I was real surprised I got a low mintage 1899 Morgan out of the 4 Morgans I got at the bank. It made my find even better than I originally thought.


At June 12, 2011 at 8:20 PM , Anonymous Anonymous said...

Btw, one of my lesser finds recently (though almost as surprising) was when I was in a Subway earlier this year and I got a nice 1937D buffalo nickel in my change when I paid for my sub.

I remember looking at the coin in my hand for a few seconds then I immediately asked the guy if he had any more of these in his register which unfortunately he didn't.

I know it's only worth about 40 cents or so but I can't remember the last time I got a buffalo nickel in my change - if ever.


At June 12, 2011 at 8:20 PM , Anonymous Anonymous said...

Oh yea will listen to this.

I went fishing yesterday and had a 30 pound brook trout on my line. I was just pulling it on shore when a bear came out of nowhere and took off with it in its mouth.

Boy you should have seen the one that got away!

At June 12, 2011 at 8:24 PM , Anonymous Anonymous said...

Does anybody have any boots for sale?

This is getting pretty deep if you know what I mean.

At June 12, 2011 at 9:06 PM , Anonymous Anonymous said...

A 30 pound brook trout? You have just got to stop fishing by that Nuclear power plant.

At June 13, 2011 at 3:44 AM , Anonymous Anonymous said...

Your right, most tellers don’t know about money old or new. I live in a small tourist community about 8 banks for 50k people… the money comes in but probably doesn’t circulate out as fast. So about six months ago I started using the direct ship program to get the $1 coins moving around here. Most businesses ask me about them, are the foreign? After accepting the coins they take them out of the cash drawer for themselves.

Anyways, back to the tellers, last week when I deposited a few dollar coins at the bank the teller asked about them. As I was looking in her coin holder I noticed a silver quarter. I asked her if I could see the coin and she said, “you mean the silver one?” I said “yes” and then she took it and dropped it on the floor! “Look it doesn’t sound the same”, she said. I just shook my head and gave 25C.

This is for the Reno casino silver finder, congrats! I just was in Vegas and looking for a similar machine, but couldn’t find one. I used to live in Reno before I was able to legally gamble 20 years ago & I do remember machines like this in a few places, half dollar too.
For travelers to Puerto Rico, after reading a coin blog I managed to find a hole in the wall coin / jewelry store in Old San Juan with a few Morgan & Peace dollars that were priced below melt at the time. Knowing how the tourist district is I asked for a discount if I bought a few (saving me more). The sales lady said sure if I paid cash. They also didn’t charge me tax which the other coin shop in P.R. did. I would only check this place out if you looking for generic dollars for cheap. The place was not the type of shop you’d find in the states!

At June 13, 2011 at 8:28 AM , Anonymous Anonymous said...

When I was in the Navy, our airplanes were sent to a small air field near Reno, Nevada for winter flight operations. This was back in 1968 or so.

After our planes launched to fly back to San Francisco I noticed an old timer near the airplane hanger. He was in civies and look very curious. I went over to talk to him. He told me that he loved airplanes and use to fly a lot when he was younger.

Since I had a pick up truck checked out, I asked him if he needed a lift. He said he was going into Reno. I didn't know if the Marines would let us through the gate but I decided to try.

When we pulled up to the gate the Marines snapped to and saluted. The old man just chuckled and off we went to Reno.

When we got to the strip he casually pointed to a Casino to be let off at. We shook hands and he went his way into the Casino, waving me a fond goodbye...

I can't say for sure, but to this day I believe the old man was Howard Hughes.

Barnacle Bill

At June 13, 2011 at 9:33 AM , Anonymous Anonymous said...

Argentum down over $1!

At June 13, 2011 at 4:27 PM , Anonymous Anonymous said...

I bought the first two, but I'm done. $280 for a coin with $160 in silver bullion? No thanks.

At June 13, 2011 at 8:02 PM , Anonymous Anonymous said...

who taught you your math?

Are you from the south?


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