tag:blogger.com,1999:blog-4433024393760369647.post1755416984318184688..comments2023-05-05T02:34:17.002-07:00Comments on Mint News Blog: Proof James Buchanan's Liberty Coin Sold OutUnknownnoreply@blogger.comBlogger52125tag:blogger.com,1999:blog-4433024393760369647.post-43310677755926964852011-02-13T19:37:47.627-08:002011-02-13T19:37:47.627-08:00It is still on the web site today. My sister just ...It is still on the web site today. My sister just sent an order.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-29283432936302781672011-02-13T09:49:54.014-08:002011-02-13T09:49:54.014-08:00This announcement from Fidelitrade website is from...This announcement from Fidelitrade website is from January 21.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-30737595646459085692011-02-13T07:02:26.940-08:002011-02-13T07:02:26.940-08:00Fidelitrade's web site says "we still hav...Fidelitrade's web site says "we still have a few left..."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-79644629271731721532011-02-12T16:59:18.057-08:002011-02-12T16:59:18.057-08:00How you know that Fidelitrade still has them? They...How you know that Fidelitrade still has them? They said at the end of the January that they "several" of them because people ordered more than one set.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-90496511769531029002011-02-12T11:28:34.340-08:002011-02-12T11:28:34.340-08:00Fidelitrade still has the ATB 5 oz. available afte...Fidelitrade still has the ATB 5 oz. available after a month! How can it be not enough people are ordering them when you can resell them to fools on Ebay for $1500?<br /><br />One theory is that there are only a few thousand real collectors and most items are bought by the hundreds by flippers and dealers. Notice at any coin show every dealer has piles of every proof set, mint set, etc. When sales are limited to 1 per family, there are just not enough families to buy them all!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-54219582481543032092011-02-11T16:17:18.341-08:002011-02-11T16:17:18.341-08:00I am glad I was able to help with 2010 5 oz ATB. A...I am glad I was able to help with 2010 5 oz ATB. About two weeks ago I wanted to inform thad A-mark was accepting orders but comments were not available to post.<br />Any news when apmex will offer them again???? ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-44406168969411768832011-02-10T11:15:57.771-08:002011-02-10T11:15:57.771-08:00Same here, I just came to say the exact same thing...Same here, I just came to say the exact same thing. I also bought a set from MTB.<br /><br />Everyone please note: Even though the USA Patriot Act form they will e-mail you has a line for it, you do NOT have to provide your Social Security Number! I was told that it was not necessary by a representative before I faxed it back, and I left it blank based on that. They didn't even mention that the number was not included when confirming my order, so do NOT give them your Social Security Number (unless you feel comfortable doing so, which I can't really see that.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-6554352929402560772011-02-10T10:32:15.321-08:002011-02-10T10:32:15.321-08:00Thanks, anonymous 2:02 for that tip. I just called...Thanks, anonymous 2:02 for that tip. I just called and reserved a set for $930.<br /><br />And thanks Michael for having comments open or I wouldn't have known about MTB having them available.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-72881542258398072232011-02-10T08:34:27.377-08:002011-02-10T08:34:27.377-08:00The maximum mintage is stated mostly for the Mint&...The maximum mintage is stated mostly for the Mint's protection from OVERWHELMING demand. Having a stated maximum gives them a leg to stand on in when stopping production in those situations. As much trouble as it is to secure blanks for coin production sometimes, an "escape clause" is often helpful. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-29614834989460093322011-02-10T08:04:22.262-08:002011-02-10T08:04:22.262-08:00"The level of production for the last First S..."The level of production for the last First Spouse coin of the year is undoubtedly a tough call to make, since you don't want to run out way early (like the Buchanan), but you also don't want to have a ton left over."<br /><br />That's probably the reason they changed the Max Mintage from 40,000 to 15,000 (in most cases).<br /><br />The Jackson FS coin was scheduled for issuance between 28Aug2008 and 28Aug2009. The Max mintage for Jackson was set at 40,000, but the Jackson proof sold out three (3) weeks early with sales of only 7,806.<br /><br />If, as stated earlier, the coins are legally bound to be minted only during the year in which appears on the coin, it would appear that the Mint didn't make the maximum mintage before 31 Dec 2008...or they made 32,194 Unc coins...(not likely).<br /><br />Something just doesn't seem to add up. Why have a Max mintage at all if the Mint is legally prohibited from making coins throughout the period of issuance to meet customer demand?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-26918869324785424272011-02-10T06:52:18.066-08:002011-02-10T06:52:18.066-08:00I'll venture a guess that the Mint produced 10...I'll venture a guess that the Mint produced 10,000 proofs and 6,000 uncs of Mary Lincoln, for 16,000 total. Since the coins weren't a fast sellout, I just can't see the Mint striking 20,000 of them on faith in December and risk having a few thousand unsold ones left over after a year. It's expensive to mint coins that later have to be melted down.<br /><br />The "maximum" mintage for her coins might have been 20,000, but it doesn't appear that many of them will sell in a year. Even 16,000 is probably a stretch, but that could be the level that was produced.<br /><br />The level of production for the last First Spouse coin of the year is undoubtedly a tough call to make, since you don't want to run out way early (like the Buchanan), but you also don't want to have a ton left over.Bradnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-69602032588387213842011-02-10T05:28:54.746-08:002011-02-10T05:28:54.746-08:00Personally, I've never heard of the mint relea...Personally, I've never heard of the mint releasing proof/unc ratios...and why would they want to? Ultimately they want to sell the coins and not be stuck with a bunch of coins that they couldn't move...why would they tip their hand.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-21643989082621563362011-02-10T04:30:04.319-08:002011-02-10T04:30:04.319-08:00"The United States Mint will strike all 2010-..."The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law."<br /><br />Interesting! <br /><br />Just to be clear, for an issue such as the Mary Lincoln which was released in December 2010, all the coins for that design were struck before the end of the year? <br /><br />That would mean that the ratio of Uncs to Proofs has already been decided. If so, would it be asking too much for the Mint to release those figures?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-36341400191121415752011-02-10T03:57:55.680-08:002011-02-10T03:57:55.680-08:00If you meant producing them in general, there'...If you meant producing them in general, there's also this: <br /><br />The numismatic coins are being produced under authority 31 U.S.C. §5111(a) (3), which provides the Secretary of the Treasury with broad authority to design, produce and sell numismatic items.Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-56588953447259503422011-02-10T03:55:13.084-08:002011-02-10T03:55:13.084-08:00All were struck in 2010. From their press release:...All were struck in 2010. From their press release: "The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law."<br /><br />http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=1182Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-52811304587913175322011-02-09T21:39:43.908-08:002011-02-09T21:39:43.908-08:00The mint was also not authorized to strike collect...The mint was also not authorized to strike collector versions of the 5 ounce silver ATB coins in 2010 but they did.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-12690797336942398682011-02-09T14:02:57.637-08:002011-02-09T14:02:57.637-08:00MTB Inc is accepting orders for 2010 ATB 5 oz sets...MTB Inc is accepting orders for 2010 ATB 5 oz sets by phone. Price is 860 + 45 shipping + 25 commission and if you live in New York State you have to add 76.33 for tax .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-76295791185412580412011-02-09T13:53:09.155-08:002011-02-09T13:53:09.155-08:00Better get your Mary Lincolns while you can!
Price...Better get your Mary Lincolns while you can!<br />Prices going north. If inflation rumors true, gold will spike up again!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-38470437160240998592011-02-09T13:39:49.296-08:002011-02-09T13:39:49.296-08:00Because 12:40, as explained above they mint to ant...Because 12:40, as explained above they mint to anticipated demand and they figured they would sell about 3500 uncs and 7300 proofs throughout the entire year of availability. They prefer not to be stuck with 1,000's of gold coins they can't sell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-44046177458900745082011-02-09T13:28:56.581-08:002011-02-09T13:28:56.581-08:00Andrew Jackson will ride again...
Look for the Ja...Andrew Jackson will ride again...<br /><br />Look for the Jackson gold coins to outshine all the others.<br /><br />GoldfingersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-59426862020138597792011-02-09T13:14:14.922-08:002011-02-09T13:14:14.922-08:00To Michael's point, I'm sure the 2009 UHR ...To Michael's point, I'm sure the 2009 UHR Gold Eagle was minted in 2008 but it was dated and sold in early 2009.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-61648453124041829702011-02-09T13:11:17.288-08:002011-02-09T13:11:17.288-08:00"James Buchanan’s Liberty will all have a max..."James Buchanan’s Liberty will all have a maximum mintage of 15,000 for each release, across both proof and uncirculated options."<br /><br />Yes...it can be sold out.<br /><br />The operative phrase is "maximum mintage." They say nothing about a minimum mintage. They could end all sets today and still meet their obligations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-12522407000262575822011-02-09T12:40:03.220-08:002011-02-09T12:40:03.220-08:00Wait a minute, I don`t understand how the proof ve...Wait a minute, I don`t understand how the proof version is sold out. The maximum mintage has not been met. I thought the proof to uncurculated ratio was divided by the total mintage. So then how can the proofs be sold out?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-90691531408501781622011-02-09T12:37:53.945-08:002011-02-09T12:37:53.945-08:00Here's the relevant section of the law:
"...Here's the relevant section of the law:<br /><br />"Each bullion coin issued under this subsection shall bear the inscription of the year of minting or issuance of the coin and such other inscriptions as the Secretary may determine to be appropriate."<br /><br />Section 5112(o)(3)(F) of title 31<br /><br />emphasis- "year of minting or issuance"<br /><br />So, they can mint coins bearing a future date of issuance (mint in 2010, date 2011, issue in 2011) or the same date of issuance (mint in 2011, date 2011, issue in 2011).<br /><br />They could not mint in 2011, issue the coins in 2011, and date the coins 2010.Mint News Bloghttps://www.blogger.com/profile/15005852378363392557noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-74549674822121322082011-02-09T12:37:18.581-08:002011-02-09T12:37:18.581-08:00Wait a minute, I don`t understand how the proof ve...Wait a minute, I don`t understand how the proof version is sold out. The maximum mintage has not been met. I thought the proof to uncurculated ratio was divided by the total mintage and customer demand of which ever one they wanted. So then how can the proofs be sold out?Anonymousnoreply@blogger.com