tag:blogger.com,1999:blog-4433024393760369647.post5182792473050435914..comments2023-05-05T02:34:17.002-07:00Comments on Mint News Blog: American Palladium Eagle ProposedUnknownnoreply@blogger.comBlogger47125tag:blogger.com,1999:blog-4433024393760369647.post-76783952231010220852010-10-04T10:37:10.421-07:002010-10-04T10:37:10.421-07:00The reverse of the Maggie Taylor depicts a nurse w...The reverse of the Maggie Taylor depicts a nurse with a numismatist after learning the new pricing on USMint gold products!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-55471939102877121042010-10-03T22:50:00.661-07:002010-10-03T22:50:00.661-07:00not the mercury dime obverse! Why cant we just des...not the mercury dime obverse! Why cant we just design a new obverse that features liberty? I love the Mercury dime but I really do not want any more old designs resurrected for new bullion coins. I love the idea of Palladium coins just now the designAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-40298352945456685442010-09-30T17:36:25.052-07:002010-09-30T17:36:25.052-07:00Interesting article, thanks for posting the URL.Interesting article, thanks for posting the URL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-89965327911599567682010-09-29T22:00:30.525-07:002010-09-29T22:00:30.525-07:00Yes, I was aware. As a matter of fact, "Numi...Yes, I was aware. As a matter of fact, "Numismaster" just posted a well written, detailed article on the Mercury dime and the other Liberty coins introduced during the period. The article can be found here:<br /><br />http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=14210<br /><br />Definitely worth the 4-5 minutes it takes to read.<br /><br />My perspective on the proposal to use this Liberty for the obverse is skewed, but only because the size of the dime makes it so hard to appreciate the artistic qualities of the rendering.<br /><br />I will have to agree that the larger canvas of the Palladium (or any) coin in combination with the right "strike" could result in a very detailed, visually stunning version of this particular Liberty.VABEACHBUMnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-10708702075794967702010-09-29T18:55:05.584-07:002010-09-29T18:55:05.584-07:00VABEACHBUM you do realize what is called the "...VABEACHBUM you do realize what is called the "Mercury" dime design, is really Lady Liberty? It was not intended to represent the Roman god, just picked up a nickname that stuck. <br /><br />I kind of want to see it on a larger canvas than a tiny dime. I'd prefer silver, but would be in for Palladium. If the later, I'd hope they made fractionals so collectors of all means could get a taste.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-27179446395456920922010-09-29T13:41:49.176-07:002010-09-29T13:41:49.176-07:00To the blogger that left this, Are you an elitist?...To the blogger that left this, Are you an elitist? or a horses a$$?<br /><br />Half can't count or read properly, you can't expect them to accept your palladium slug.<br /><br />September 27, 2010 2:39 PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-7021423493732717142010-09-27T16:09:26.955-07:002010-09-27T16:09:26.955-07:00A proof one ounce America the Beautiful coin would...A proof one ounce America the Beautiful coin would have been very nice, very collectible, and reasonably affordable. More importantly it could have brought home the history and artwork to the average American.<br /><br />A 5 ounce coin won't be nearly as attractive, is cost prohibitive, and too damn big to actually display as a set. so who was it for? Certainly not the average collector. And....that is exactly the point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-63146958895164059542010-09-27T14:39:09.584-07:002010-09-27T14:39:09.584-07:00I don't feel good about sinking larger bucks i...I don't feel good about sinking larger bucks into buying palladium.<br /><br />In dire conditions, you might be able to trade a 1 oz silver bullion for food, or even a gold piece. Most average people have either seen or heard of them. But imagine walking into your supermarket, filling a basket to quench hunger, and handing the clerk a token piece telling her it's 'palladium' worth.....(xxxxx). LOL, that's not going to work too well. Half can't count or read properly, you can't expect them to accept your palladium slug.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-73522862274095780482010-09-27T13:33:04.975-07:002010-09-27T13:33:04.975-07:00There are collectors and there are investors, let ...There are collectors and there are investors, let us all live together, this is not our blog. It is Micheal's, who by the way does a great job with the articles and putting up with us all.<br /><br />teebarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-48635998161774942102010-09-27T11:54:31.262-07:002010-09-27T11:54:31.262-07:00When you're dealing with a manufacturing compa...When you're dealing with a manufacturing company that is 100% owned by the Gov't and managed by a 100% Gov't appointee for the sole puposes of creating 100% Gov't products, you have a 100% certainty that it will be 150% politically driven. All of the topics that we have hashed out on this board over the last couple of years prove that. The Palladium Coin is just the latest example of politicians doing there very best to use their power to bring attention and prosperity to their constituents - impacts to the rest of the country be damned.<br /><br />Like the majority, I love the ASE coins. Simple in design, yet elegant in presentation. And, while it is virtually the same every year, it just never seems to get old; i.e., a Classic!! However, I had commented on this Board in early 2009 that we probably would not see any more numismatic specimens of this coin again. At the time, the bullion coin sales were spiraling out of control, and the Mint had just announced the ATB Program with the 5 oz. coins.<br /><br />Here we are, 20 months later, and again, as much as I hate to say it, we're not going to see the ASE PR and UNC coins: 1) Demand for the ASE bullion is still high enough to keep them a priority over PR and UNC options. 2) At this moment, the Mint is focused on pushing the 5 oz ATB bullion out the door. 3) Any of the required special legislation to ensure PR and UNC coins just isn't more important to our representatives than the quickly approaching election break.<br /><br />According to the latest Numismatic News Article, production of the 5 oz. ATB bullion started last week. The series will be produced and released sequentially, 100K copies per coin through the end of the year. While the Mint brought in new presses to produce the coins, their labor base is fixed and will be unable to work on another manufacturing line. Based on the latest figures - cost of metal, production costs and mark-ups should put these hockey pucks right around $135 a crack. To make matters worse, the article also indicated that the Mint has been contemplating a "collector" version of this series. Over a year ago, I had posted to this board that the Mint might garner more interest among a wider customer base if they had created 1 oz. sized, PR versions of these coins. Just the right size to convey the perspective of each coin's reverse. A 5 oz. "collector" coin is likely to be in excess of $200 and affordable to only a slightly larger group of collectors.<br /><br />The other news that further impacts the future of the numismatic ASE's is the recently approved coinage legislations. Specifically, the 2011 "9-11 Memorial Medal," to be produced on Silver blanks by the wagon load at the Philly and the West Point Mints!! Yet another impact to manufacturing assets. As much as I love the ASE coins, and as much as they mean to me personally, I honestly believe that 2008 was the last year of the ASE PR and UNC coins.<br /><br />As for those politically driven Palladium coins - sadly, they're going to happen. Cronyism and Quid Pro Quo be dammed!! Although the Mercury obverse is reflective of American coinage, I don't think it's reflective of the Spirit of America. After all, Mercury was a Roman god, demi-god, or children of the corn. The Weinman obverse from the AIA medal; I can take it or leave it. I am talking with my architect buds to see if I can find a better picture. But, based on the one picture that Michael has been able to find, this eagle almost looks like an high school football mascot that just finished a cheer!! Probably some better artistic / heritage options out there for yet another, nearly unaffordable collector coin.VABEACHBUMnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-27178012382884768672010-09-27T11:53:41.483-07:002010-09-27T11:53:41.483-07:00JBL
I do agree with you on the "PC" dri...JBL<br /><br />I do agree with you on the "PC" driven coins recently. In the attempt at damage control, the mint has missed out on a lot of good designs. I am still hopeful something good will come, though I probably won't be for much longer. I do like the America the Beautiful quarter series though. I like it better that the State quarters. I hope that I will not be disappointed in the years to come. I have been a collector for 5 or 6 years and I am sure that I speak only for myself, but I enjoy collecting the new designs as well as the old. I am also pretty upset about the lack of silver proof eagles last year and more than likely this year as well. The mint certainly needs to get it together. Investment should have an equal standing with the collectors. It should not come first. If the mint doesn't make the bullion coins, investors will find silver else where anyway. Hopefully the CCAC will win out and get the Mint to put out better designs and eliminate the "PC" junk. Maybe the next Director will have a little more backbone and turn things around, but one can only hope. I just hope the designs for the commemoratives of the future a worthy of what they are commemorating. I have a feeling a large amount of people will drop out of collecting because of the Mint's ridiculousness, and I would hate to see that happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-57487817438860893902010-09-27T11:53:38.819-07:002010-09-27T11:53:38.819-07:00JBL
I do agree with you on the "PC" dri...JBL<br /><br />I do agree with you on the "PC" driven coins recently. In the attempt at damage control, the mint has missed out on a lot of good designs. I am still hopeful something good will come, though I probably won't be for much longer. I do like the America the Beautiful quarter series though. I like it better that the State quarters. I hope that I will not be disappointed in the years to come. I have been a collector for 5 or 6 years and I am sure that I speak only for myself, but I enjoy collecting the new designs as well as the old. I am also pretty upset about the lack of silver proof eagles last year and more than likely this year as well. The mint certainly needs to get it together. Investment should have an equal standing with the collectors. It should not come first. If the mint doesn't make the bullion coins, investors will find silver else where anyway. Hopefully the CCAC will win out and get the Mint to put out better designs and eliminate the "PC" junk. Maybe the next Director will have a little more backbone and turn things around, but one can only hope. I just hope the designs for the commemoratives of the future a worthy of what they are commemorating. I have a feeling a large amount of people will drop out of collecting because of the Mint's ridiculousness, and I would hate to see that happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-4314331002558742802010-09-27T10:35:35.383-07:002010-09-27T10:35:35.383-07:00Anon 8:48 am:
I am complaining, but I am not an ...Anon 8:48 am:<br /> <br />I am complaining, but I am not an investor. I just collect for me and my kids. Although the state quarters peaked some interest in collecting, I personally think the parks/ America the beautiful program has been a negative with folks now not caring to keep up with all of the changes. I do think the phrase "circuis coinage" may be appropriate when you look historically at our American coins over the 200+ years. <br /><br />I have never sold a coin in my life, but I appreciate art and history and think American amateaur numismatists do deserve the proof silver eagle and less of the constant rotating of designs and very expensive only options for proof Eagles/ Buffalos/ Mercury palladiums?. <br /><br />I was one that also felt and feels that the mint does have a certain "aggenda" that unfortunately gets in the way of offering nice commemoratives. I saw some really nice designs for the 100th anniverary Scouting commemorative and ended up not purchasing any of the "PC" coins that went to productions since I didn't think it represented the past 100 years of Scouting well.<br /><br />I won't even discuss the "no white guy" '09 proof platinum since I can't afford to collect any platinum proofs regardless of disign.<br /><br />I'm a recent blogger, but may decide to collect and blog other collectibles if the Mint continues to ignore the average collector.<br /><br />While I am whining, I still can't see the Mint justifying the price increases for the mint and proof sets this year.<br /><br />-JBLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-35215894674266861722010-09-27T08:48:37.185-07:002010-09-27T08:48:37.185-07:00For the guy who said that the "whiners" ...For the guy who said that the "whiners" probably represent the feelings of most collectors, most of the people complaining sound like investors. This is shown by the comment made by the one bashing the Presidential $1 and National Park quarters. For one thing the Presidential dollars are not meant to be invested. They are worth a dollar. They are meant to be spent. I have been using them in everyday transaction and I am finding it much easier. I have not yet received them in change, but I imagine that would be easier to just drop them into my pocket rather than having to take the time to stuff them in my wallet. And before anyone complains about them being heavy, tighten your belt and suck it up. As for the National Park quarters, this first run actually has some pretty good looking coins in it. What the future holds, no one can tell. Just don't be so quick to write it off as horrible just yet. People collect these coins because they LOVE to collect coins. Not because they are looking for an investment opportunity. And American coins in general are a lot better looking than most, considering what I have from the Euro. As for the other COLLECTORS, what does everyone think of design choice and what do think would be better?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-75603852414144527682010-09-27T08:32:11.479-07:002010-09-27T08:32:11.479-07:00Perhaps the major issue is recycling the classics....Perhaps the major issue is recycling the classics. They should be left alone and upheld for what they are. How about a new design with the same 1/10, 1/4, 1/2, 1 formats. The fractionals would definitely be affordable. Though I would prefer to stick to Au and Ag. Pt tends to be too gaudy for my tastes and well beyond my wallet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-90555831781322128592010-09-27T08:29:36.890-07:002010-09-27T08:29:36.890-07:00The price swings for palladium were worse in 2008....The price swings for palladium were worse in 2008. It was $475 on 6/20/08, $164 on 12/5/08, pretty much climbed all during 2009 to finish at $393 on 12/30/09, opened 2010 at $421 on 1/4/10, and climbed to $562 last Friday, after a drop back to the $400's in the late spring and during the summer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-61947896820066817432010-09-27T08:28:45.233-07:002010-09-27T08:28:45.233-07:00I hope they make a 1/2 oz. version. I'd also ...I hope they make a 1/2 oz. version. I'd also like to see bullion versions made.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-30209615817582534102010-09-27T08:20:36.114-07:002010-09-27T08:20:36.114-07:00I'm thinking the first-year Palladium coin may...I'm thinking the first-year Palladium coin may sell too many speculative copies to make it worth much of a collectible premium. It will likely be tied too close to the price of the metal, and that could be quite risky. Palladium has had some pretty violent price swings this year. As I recall, it was down to $2xx earlier this year, from $4xx just a few months before. Now, it's back up to $5xx, but it could always retreat again.<br /><br />With the high premiums the Mint charges for coins, I just can't see taking that risk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-11954685651246395812010-09-27T08:15:35.859-07:002010-09-27T08:15:35.859-07:00Just another offering from the mint that I will no...Just another offering from the mint that I will not be purchasing as I don't have that kind of disposable income.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-52977221436734361782010-09-27T06:36:52.084-07:002010-09-27T06:36:52.084-07:00I think the average collector could afford the pro...I think the average collector could afford the proof American Silver Eagle even with a price increase from '08, but even a Palladium Eagle may be priced a bit to high for many. There seems to be a swelling discontent for both the high price of US Mint collectable precious metal coins (the gold spouse and platinum proofs) and the over-kill of the variety of coins. The proof American Silver Eagle would be a good idea to keep collectors collecting. The US Mint should find a way to make this happen this year. Not sure about they guy/gal accusing folks of "whining" when clearly the "whiners" probably represent the feelings of most collectors (not necessarily readers of this blog).<br /><br />-JBLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-52180828084426134302010-09-26T23:52:47.155-07:002010-09-26T23:52:47.155-07:00I do not know anyone who has gotten rich from inve...I do not know anyone who has gotten rich from investing in coins. Sure, they may have made a pretty penny with some purchases. But they never tell you about their losses. And I'm sure we all have experienced some of those(e.g., Presidential dollar rolls, some mint sets, etc.).<br /><br />Investing in coins can be a hobby and be fun, but certainly, don't expect to get rich or make a living off of it....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-71356784181552148982010-09-26T23:16:58.474-07:002010-09-26T23:16:58.474-07:00HBGuy,
I think people are aware of those crummy i...HBGuy,<br /><br />I think people are aware of those crummy items you've mentioned. They want something that is pleasing and affordable. We're sick of the presidential royalty program and the million rotating quarter designs, in which the supernova may occur before the program ends.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-21636263610950140102010-09-26T22:07:41.976-07:002010-09-26T22:07:41.976-07:00For all of the "anonymouses" concerned a...For all of the "anonymouses" concerned about availability of "inexpensive" products from the US Mint, may I suggest that the Presidential $1, National Park $0.25 and State Quarter series, along with numerous mediocre silver commemorative offerings, are available right now, today, for your investing pleasure.<br /><br />A Palladium bullion coin is not only a very good potential seller for the Mint (probably comparable in number to the Pt Eagles, given Pd's rarity), as well as an important support to the only domestic source of Pd, Stillwater Mining in MT. It is also an excellent investment option for those that want to diversify out of gold and silver. <br /><br />I'm NOT crazy about the Mercury dime theme, but even a Pd bullion round would be better than the current paucity of investment options. I love the RCM's Pd Maple Leafs, but they're VERY difficult to get and they're not minted every year.HBGuyhttps://www.blogger.com/profile/18422013158038456375noreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-37365114717557261722010-09-26T21:13:58.864-07:002010-09-26T21:13:58.864-07:00And the whining continues...And the whining continues...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-48122703564187502772010-09-26T17:25:12.595-07:002010-09-26T17:25:12.595-07:00We want to buy.
We want to buy what we can afford....We want to buy.<br />We want to buy what we can afford.<br />Proof Silver Eagles represent affordable pride for Joe the plumber collectors like most of us are.<br />What do I do with advise telling me not to buy gold, platinum and now palladium when I was never interested in them (unless I unexpectedly come into some money)?<br />I really can't relate to those who collect the gold/ platinum coins. It would be nice to have that disposable income.<br />Guess I'm a child that needs to grow up and stop complaining that MY mint paid with tax money doesn't give a damn about most of us.Anonymousnoreply@blogger.com