tag:blogger.com,1999:blog-4433024393760369647.post7623877238420549636..comments2023-05-05T02:34:17.002-07:00Comments on Mint News Blog: More First Spouse Gold Coins Sold OutUnknownnoreply@blogger.comBlogger48125tag:blogger.com,1999:blog-4433024393760369647.post-15938513456500406012011-03-29T14:53:36.473-07:002011-03-29T14:53:36.473-07:00The series is way from being complete and folks th...The series is way from being complete and folks that can't keep up are adding plenty of supply. Once the series ends and the few existing coins reach their final resting places...you'll see prices skyrocket!!<br /><br />Name just one (1) US "legal tender" gold coin with a mintage less than 5,000 that you can buy at spot...just one!<br /><br />...yet, many folks say they will be able to buy First Spouse coins at spot well after the series ends.<br /><br />Sour grapes...that's what that is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-86680881680472897082011-03-29T07:52:46.743-07:002011-03-29T07:52:46.743-07:00Guess some large buyer or buyers got cold feet thi...Guess some large buyer or buyers got cold feet this weekend and dumped some mint state Buchanan gold. The weekly sales report crashed over 400 coins this week. Could be that they found out that the coin was struck to over 6,000 and was not the opportunity that they had hoped for. <br /><br />At some point the market will wake up to the fact that it was the (among the Liberty issues) Proof Gold Buchanan that will have legs. That and the Unc Van Buren and a hand full of good looking non liberty issues that manage to stay key.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-5625869510073773382011-03-27T11:56:13.425-07:002011-03-27T11:56:13.425-07:00What do you think would happen if Congress decided...What do you think would happen if Congress decided the stockpile of Presidential dollars was too high and the cost of producing the few First Spouse coins wasn't cost effective? <br /><br />Do you think the Mint might be obliged to suspend the two series for some period of time? Could that be what's happening?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-88745694364400459662011-03-25T13:57:47.006-07:002011-03-25T13:57:47.006-07:00I like the ATB stuff, it's nice to see people ...I like the ATB stuff, it's nice to see people getting excited about something coming from the mint. And, we are not all flippers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-53451298172164609162011-03-25T10:51:44.622-07:002011-03-25T10:51:44.622-07:00Are you one of the PCGS board guys?Are you one of the PCGS board guys?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-33599913026550071752011-03-25T09:09:49.970-07:002011-03-25T09:09:49.970-07:00Nice to see you drop by Eric and lend your knowleg...Nice to see you drop by Eric and lend your knowlege to the posting! Hopdefully Michael will do a blog posting on a review your book, which as far as I know is the ONLY one which deals specifically with moderns with any sort of accuracy or focus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-36274661840165320492011-03-25T07:47:11.219-07:002011-03-25T07:47:11.219-07:00Maybe the mint has a stockpile of returned coins?
...Maybe the mint has a stockpile of returned coins?<br />"Guess they open up the packaging to remove the spotted copper 09 pennies and sort them to the copper melter and the silver quarters go to the silver melter or maybe easier to just send them to someone else!"<br /><br />Answer: I am not talking about cents and quarters. I am talking about low volume higher dollar issues. I have no idea how they handle proof sets.<br /><br />Planned mintages of 3k for recent unc Spouse coins? Really? Any thoughts Michael? <br /> <br />Answer: The 2010 dated mint state FS coins other than the Buchanan mintstate (it was struck twice) and the Lincoln had about 3300-3500 coins struck. From that must be remove random walk scrap rates. The initial striking runs were to "anticipated demand". Problem was the numbers looked so bad in the first quarter of 2010 when these estimates were being made that very few coins were struck and now they are out of the 2010 year.<br /><br />The real sleeper of 2010 is the proof gold Buchanan with the old gold design obverse. It is the key to the liberty short set and was struck to about 6500-6700 coins and from this must be pulled the scrap rate. The average scrap rate for proof gold from 2006-2008 for which I have data runs from 8% to 35% with an average net scrap rate of 12%. You can do the math on that coin.<br /><br />Eric JordanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-23053344066947692042011-03-25T06:28:40.633-07:002011-03-25T06:28:40.633-07:00To Anon 3/24 @ 9:34 pm,
And if a Mint representat...To Anon 3/24 @ 9:34 pm,<br /><br />And if a Mint representative told you wolverines would make good house pets, would you believe them? :)<br /><br />RIP, John Candy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-4886696561438026652011-03-25T06:18:54.075-07:002011-03-25T06:18:54.075-07:00Maybe the mint has a stockpile of returned coins?
...Maybe the mint has a stockpile of returned coins?<br />Guess they open up the packaging to remove the spotted copper 09 pennies and sort them to the copper melter and the silver quarters go to the silver melter or maybe easier to just send them to someone else!<br />Planned mintages of 3k for recent unc Spouse coins? Really? Any thoughts Michael?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-13023687306237332182011-03-25T06:18:07.414-07:002011-03-25T06:18:07.414-07:00They inspect the coins and if they think they look...They inspect the coins and if they think they look Ok they get sent back out. If the "Rep" is one of the people at 1-800-usa-mint then put almost zero stock in what they say on such issues because they do not know.<br /><br />EricAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-77272993796399163382011-03-25T05:46:59.031-07:002011-03-25T05:46:59.031-07:00My conversation with Mint Rep. referenced First Sp...My conversation with Mint Rep. referenced First Spouse Gold only.<br />Possibly, the policy of destroying returned (open package) FSG only applies here!? Sounds inconsistent but....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-79440075205665920272011-03-25T05:11:55.185-07:002011-03-25T05:11:55.185-07:00Anonymous said...
March 24, 2011 9:10 PM
"You...Anonymous said...<br />March 24, 2011 9:10 PM<br />"You need to order the first day to ensure you get fresh coins."<br /><br />Anonymous said...<br />March 24, 2011 9:34 PM<br />"... a Mint Rep. told me if a coin is returned to them and the original package has been opened, it is not resold, but, rather, it's destroyed."<br /><br />Fact: In 2010, on the first day the 2010 Proof Buffalo $50 gold coins were offered, I ordered three coins. What I received from the Mint was one beautiful 2010 Proof Buffalo and two obviously previously opened and sub-standard 2009 Proof Buffalos. <br /><br />Opinion: In the absence of any authoritative evidence of the contrary, my assumption is that the Mint, in fact, resells returned coins as new.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-71154212420549277022011-03-25T04:06:22.952-07:002011-03-25T04:06:22.952-07:00To 655
It's a recently issues mint product th...To 655<br /><br />It's a recently issues mint product that is still very much in demand and in the interest of many collectors. Hence the ability of flippers etc to profit. <br /><br />Not everyone interested in the coin is a flipper. I personally love them and have found some previous posts on here very helpful in acquiring them as well as other products.<br /><br />I would have an issue if there were frequent posts that were completely off topic ie non mint related like all the political and other stuff that used to get on here. Some of the bullion value posts are probably off topic as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-50477826481378540042011-03-24T23:18:05.618-07:002011-03-24T23:18:05.618-07:00I got them from the US Mints Report to Congress.
...I got them from the US Mints Report to Congress. <br /><br />Regards,<br /><br />EricAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-12545207119282468132011-03-24T21:34:38.642-07:002011-03-24T21:34:38.642-07:00A couple of days ago a Mint Rep. told me if a coi...A couple of days ago a Mint Rep. told me if a coin is returned to them and the original package has been opened, it is not resold, but, rather, it's destroyed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-79565290086864951252011-03-24T21:10:43.763-07:002011-03-24T21:10:43.763-07:00If the Mint wants to sell more First Spouse coins,...If the Mint wants to sell more First Spouse coins, they should not price them so high above the gold value. People don't like the feeling of being ripped off.<br /><br />Sure, the prices paid in 2008 and 2009 look like bargains today, but only because the price of gold just kept rising. If it pulls back very much, the prices paid in 2010 and this year will look horrible.<br /><br />If the Mint keeps delaying the Eliza Johnson coin until the price goes up again, I might just bail out of the series. We should have been able to buy those coins for $879 and $866, had they gone on sale on March 3rd as originally stated. I don't want to delay the purchase hoping for a pullback in price, since I'll only receive someone else's reject coins. You need to order the first day to ensure you get fresh coins. However, I don't want to have to pay $50 extra for them just because of unnecessary delays.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-71375321319947612992011-03-24T19:38:05.430-07:002011-03-24T19:38:05.430-07:00There are a lot of First Spouse sell outs without ...There are a lot of First Spouse sell outs without any new coins being offered. <br /><br />Wouldn't it be interesting if the Mint felt like taking a break for a year or two to give the economy some time to stabilize. <br /><br />They must have a negative cash flow on these considering the low sales numbers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-66491484963166221292011-03-24T18:55:57.384-07:002011-03-24T18:55:57.384-07:00There should be a separate site for 5 ounce silver...There should be a separate site for 5 ounce silver ATB junkies/flippers to keep perseverating on the availability or lack of availability of them from APs or how much the they are selling for on ebay. It is irritating to keep seeing posts on this topic derailing other posts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-31885328542766849672011-03-24T18:36:40.708-07:002011-03-24T18:36:40.708-07:00Correction:
Not $ 38.00 per coin, $38.00 per ounc...Correction:<br /><br />Not $ 38.00 per coin, $38.00 per ounce.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-2026330990794494692011-03-24T18:29:50.993-07:002011-03-24T18:29:50.993-07:00Gold and Diamond Exchange is Selling 2010 (America...Gold and Diamond Exchange is Selling 2010 (American the Beautiful) 5 oz. Brilliant Uncirculated Coins Sets- $950 per set of 5! <br /><br />Go to the Los Angeles Craigslist, under collectibles type in: "America the Beautiful". The listing is still there as I am typing this note.<br /><br />Personally, the coins did not really impress me. They are way overrated. Bullion is bullion and US Mint Proofs are in a league of their own. I'll just wait intill the ATB proofs hit the market. <br /><br />Still, $38.00 per coin including shipping is a great deal and as I said previously. I went there myself and spoke with them personally. Where they got the coins is somewhat obivious.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-70821659761886196212011-03-24T17:31:43.471-07:002011-03-24T17:31:43.471-07:00I was just going to say; how long before the fakes...I was just going to say; how long before the fakes from China arrive. <br /><br />I looked these guys up on Google maps street view and it is some hole in the wall shop. My local coin shop is like that too and he has some heavy, heavy coins "in the back;" but I highly doubt this fella has 500 of them. Call it street smarts, but I would not send a check for $950.00 to that place. That website does not inspire confidence. Not saying it's a scam. It just doesn't pass my rot check.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-44112488954424030112011-03-24T16:42:06.013-07:002011-03-24T16:42:06.013-07:00To: Gold and Diamond Exchange is Selling 2010 (Ame...To: Gold and Diamond Exchange is Selling 2010 (American the Beautiful) 5 oz. Brilliant Uncirculated Coins Sets- $950 per set of 5! <br /><br />I didn't see any of these for sell on this site. If they did have them, there is no way they would sell them for $950...someone mentioned they had 500 sets. If they sold them on ebay for $1300/set and cleared $1150, that would net the $200/set. So let's see... $200/set x 500 = $100,000. I don't think they would pass on that...if they do, then I think the first wave of these has arrived from China.!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-2369722138866547942011-03-24T16:36:01.899-07:002011-03-24T16:36:01.899-07:00Eric, where did you get these mintages from. You h...Eric, where did you get these mintages from. You have the Van Buren at 3826 while Michael's had 4334...a difference of 508. I doubt your fiques are accurate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-90141234653071949772011-03-24T15:05:24.548-07:002011-03-24T15:05:24.548-07:00Mint State First Spouse Gold Mintages:
Washington....Mint State First Spouse Gold Mintages:<br />Washington...17,661<br />Adams........17,142<br />Jefferson....19,823 Liberty<br />Madison......12,340<br />Monroe........4,462<br />Adams.........3,885<br />Jackson.......4,609 Liberty<br />Van Buren.....3,826 Liberty<br />Harrison......3,645<br />Letitia.......3,240<br />Julia.........3,143<br />Polk..........3,489<br />Taylor........3,629* Gross sales with the lost last week.<br />Fillmore..Struck to about 3300<br />Pierce....Struck to about 3300<br />Buchanan..Struck to about 6300<br /><br />I need to go back and check to make certain I dont have any data transfer errors but this is what I have on hand. <br /><br />Eric JordanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-55675269732555962632011-03-24T14:43:14.721-07:002011-03-24T14:43:14.721-07:00treasuresfromthehunt.com - this domain is owned by...treasuresfromthehunt.com - this domain is owned by WEB.COM, which is a company that lets you setup "free business websites" ... It does not trace back to an individual.<br /><br />The physical street address from the website shows some type of shop that says "COINS" on a glass window, next to Mike's Shoe Repair. The window also has the phone number from the website on it.Anonymousnoreply@blogger.com