APMEX is selling the 5oz ATB coins right now - $1,395 per 5 coin set - SOLD OUT - MTB SELLING ON eBA
jessewvu
Posts: 5,065 ✭✭✭✭✭
$1395 a set
Updated 3/26/2011
MTB is selling these directly on eBay, $1025 each!
link to eBay MTB Sales
Updated 2/25/2011
PCGS is now grading these DMPL along the lines with what NGC has been doing.
Updated 1/27/2011
PCGS First Strike Coin numbers for submission purposes.
505100 2010 25C Hot Springs NP 5 oz Silver - First Strike MS
505101 2010 25C Yellowstone NP 5 oz Silver - First Strike MS
505102 2010 25C Yosemite NP 5 oz Silver - First Strike MS
505103 2010 25C Grand Canyon NP 5 oz Silver - First Strike MS
505104 2010 25C Mount Hood NP 5 oz Silver - First Strike MS
Updated 1/12/2011
Here are the grades a buddy and I got on our sets. I don't think they are good or if I should be happy.
1 1 505100 2010 25C Hot Springs NP - 5 Ounces Silver US MS66
1 2 505100 2010 25C Hot Springs NP - 5 Ounces Silver US MS69
2 1 505101 2010 25C Yellowstone NP - 5 Ounces Silver US MS68
2 2 505101 2010 25C Yellowstone NP - 5 Ounces Silver US MS67
3 1 505102 2010 25C Yosemite NP - 5 Ounces Silver US MS67
3 2 505102 2010 25C Yosemite NP - 5 Ounces Silver US MS68
4 1 505103 2010 25C Grand Canyon NP - 5 Ounces Silver US MS68
4 2 505103 2010 25C Grand Canyon NP - 5 Ounces Silver US MS68
5 1 505104 2010 25C Mount Hood NF - 5 Ounces Silver US MS65
5 2 505104 2010 25C Mount Hood NF - 5 Ounces Silver US MS69
Updated 12/28/2010
Below are the AP's:
A-Mark Precious Metals - http://www.amark.com/
American Precious Metals Exchange, Inc. - http://www.apmex.com/
Coins N' Things of Massachusetts (not canada) - http://atb.cntofma.com/
Dillon Gage Inc. - http://www.dillongage.com/
FideliTrade - http://www.fidelitrade.com/
Jack Hunt Coin Broker - http://www.jackhunt.com/
MTB - http://www.mtbcoins.com/
Prudential Securities Inc. - New York, NY (212) 778-6667
The Gold Center - Springfield, IL (217) 793-8002
PCGS has confirmed they are now grading and encapsulating these coins without delay.
Updated 12/14/2010
So, no more than 10% markup, 1 per household, and all must be made available immediately to public.
Wall Street Journal Article
Updated 3/26/2011
MTB is selling these directly on eBay, $1025 each!
link to eBay MTB Sales
Updated 2/25/2011
PCGS is now grading these DMPL along the lines with what NGC has been doing.
Updated 1/27/2011
PCGS First Strike Coin numbers for submission purposes.
505100 2010 25C Hot Springs NP 5 oz Silver - First Strike MS
505101 2010 25C Yellowstone NP 5 oz Silver - First Strike MS
505102 2010 25C Yosemite NP 5 oz Silver - First Strike MS
505103 2010 25C Grand Canyon NP 5 oz Silver - First Strike MS
505104 2010 25C Mount Hood NP 5 oz Silver - First Strike MS
Updated 1/12/2011
Here are the grades a buddy and I got on our sets. I don't think they are good or if I should be happy.
1 1 505100 2010 25C Hot Springs NP - 5 Ounces Silver US MS66
1 2 505100 2010 25C Hot Springs NP - 5 Ounces Silver US MS69
2 1 505101 2010 25C Yellowstone NP - 5 Ounces Silver US MS68
2 2 505101 2010 25C Yellowstone NP - 5 Ounces Silver US MS67
3 1 505102 2010 25C Yosemite NP - 5 Ounces Silver US MS67
3 2 505102 2010 25C Yosemite NP - 5 Ounces Silver US MS68
4 1 505103 2010 25C Grand Canyon NP - 5 Ounces Silver US MS68
4 2 505103 2010 25C Grand Canyon NP - 5 Ounces Silver US MS68
5 1 505104 2010 25C Mount Hood NF - 5 Ounces Silver US MS65
5 2 505104 2010 25C Mount Hood NF - 5 Ounces Silver US MS69
Updated 12/28/2010
Below are the AP's:
A-Mark Precious Metals - http://www.amark.com/
American Precious Metals Exchange, Inc. - http://www.apmex.com/
Coins N' Things of Massachusetts (not canada) - http://atb.cntofma.com/
Dillon Gage Inc. - http://www.dillongage.com/
FideliTrade - http://www.fidelitrade.com/
Jack Hunt Coin Broker - http://www.jackhunt.com/
MTB - http://www.mtbcoins.com/
Prudential Securities Inc. - New York, NY (212) 778-6667
The Gold Center - Springfield, IL (217) 793-8002
PCGS has confirmed they are now grading and encapsulating these coins without delay.
Updated 12/14/2010
So, no more than 10% markup, 1 per household, and all must be made available immediately to public.
Wall Street Journal Article
0
Comments
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The bullion dealers are making a killing, that's for sure.
I won't be buying one! Makes the Aussie hockeypucks even more inviting!
Successful BST Transactions!SIconbuster, Meltdown, Mission16, slothman2000, RGjohn, braddick, au58lover, allcoinsrule, commemdude, gerard, lablade, PCcoins, greencopper, kaz, tydye, cucamongacoin, mkman123, SeaEaglecoins, Doh!, AnkurJ, Airplanenut, ArizonaJack, JJM,Tee135,LordMarcovan, Swampboy, piecesofme, Ahrensdad,
<< <i>Seems awfully high for 700.00 worth of melt. >>
My thoughts exactly. I was going to buy the 5 coin set and then I saw the price. The secondary market for these will either go crazy or as you pointed out end up being worth $700 melt.
I'd have paid $900 or so or maybe a little more. I'm going to end up passing on these, which of course means they'll sell for moon money in the near future.
John
Never view my other linked pages. They aren't coin related.
How disappointing. Betcha the Mint is kicking themselves for not being the sole source for this massive gouge.
All the BS associated with these, and this thread in particular, has killed every ounce of interest I ever had in them! The title should include "FLIPPER" in some way or another!
...i saw an ad in NN for these side by side slabbed with the regular size from NGC. WOW that thing was huge!!
just imagine the album size.
John
The name is LEE!
In honor of the memory of Cpl. Michael E. Thompson
<< <i>This is a higher price than most of us would have expected, but does it say anywhere what the Mint charges the distributors for these rounds? >>
It's going to more like Spot + $2-3 per ounce.
The Mint is going to sell them at spot plus for sure.
These are bullion and the mint will sell them as such.
Low mintage is readily excepted as a value driver in other issues (How about $130 oz for Lincoln Chronicles?), why not this one?
Loves me some shiny!
Might be time to complain to the Mint about the price gouge.... as if that would do any good.
<< <i>yeah, but i think they will be hot hot hot. Jump in and join the club.
The bullion dealers are making a killing, that's for sure. >>
I Say NO to jumping in Wait them out, there are many more places that will start selling these on monday why would anyone pay 1395 and shipping for something they could pick up for 200 bucks a puck (more within reason) next week. This was a great ploy putting them up on there site on friday night, i am waiting and would hope others are too. When someone does find them on monday for the 200 bucks a puck there is going to be alot of others disappointed they paid way to much. I am not in that big of a hurry to wait till monday than lets see where the other dealers are at .........................and if i cannot find it for the 200 bucks a puck than i will wait till the p version comes out..........
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
<< <i>$1395 a set >>
If you pay by credit card, add another $66.80. Total for 1 set = $1461.80
$292.36 for each puck.
Pretty heafty price for 25 ounces of silver. If my calculations are right $58.47/oz
I wonder how many are going to try and flip these?
I may decide to put all of my allocation of money elsewhere. These are not bullion coins by any definition. I'm kinda ticked, but hey - nobody's twisting anyone else's arms to buy these. As I suspected, any possible potential appreciation has been wrung out of these on the front end.
It's not my job to keep the Mint and it's distributor network in high cotton. I gotta think about it. There are other precious metal opportunities that are probably much better bets. grrr.
I knew it would happen.
<< <i>Ok, but realize that this is a set that now has a maximum amount of sets that can be completed @ 33,000.
Low mintage is readily excepted as a value driver in other issues (How about $130 oz for Lincoln Chronicles?), why not this one? >>
1. $1400
2. $24.95 Shipping for check and MO
3. $66+ shipping if paying via CC
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'll buy them when the prices tank, or never.
Miles
<< <i>Didn't somebody say that the Mint's price to distributors was spot + $9.75 per coin? If that's the case, then the markup over cost is 78%.
I may decide to put all of my allocation of money elsewhere. These are not bullion coins by any definition. I'm kinda ticked, but hey - nobody's twisting anyone else's arms to buy these. As I suspected, any possible potential appreciation has been wrung out of these on the front end.
It's not my job to keep the Mint and it's distributor network in high cotton. I gotta think about it. There are other precious metal opportunities that are probably much better bets. grrr. >>
If I recall correctly, APMEX is NOT on the authorized distributors list for the US Mint which is below:
The US Mint's Real "customers"
1. A-Mark Precious Metals, Los Angeles - Silver, Gold, Platinum
2. Dillon Guage Inc. Dallas - Silver Only
3. Jack Hunt Coin Brokers, Buffalo NY - Silver Only
4. Prudential Securities Inc. New York City - Silver, Gold, Platinum
5. The Gold Center, Springfield, Ill - Silver Only
6. Coin's 'N Things, Bridgewater MASS - Silver Only
7. Fidelitrade Inc, Wilmington Del - Silver Only
8. MTB, New York City - Silver, Gold, Platinum
9. SCB/Mocatta Bullion, New York City - Silver, Gold, Platinum
10. Commerzbank International, Luxembourg/New York City - Silver and Gold
11. Deutsche Bank AG, Frankfurt Germany - Silver, Gold Only
12. Union Bank of Switzerland, Zurich - Silver, Gold, Platinum
13. Hang Seng Bank, Hong Kong - Silver, Gold Only
14. Tinaka Kikinzoku Kogyo K.K., Tokyo - Gold, Platinum Only
This means that APMEX needs to buy them from one of the above.
The name is LEE!
<< <i>I have to admit that I am pretty pissed off. The Bullion distribution system was not set up so that a handful of companies could make an exorbitant profit on the exclusivity that the mint granted them. It was not supposed to be a government sanctioned ripoff of the people. I was expecting, and willing, to pay a premium, but not almost double spot. That actually goes against the wording of the bullion distribution system. BS. BS. BS.
John >>
The bullion system is set up to protect the Mint from flagrant returns, as has happened with certain precious metal numismatic products when bullion prices dropped, or after the buyers had cherrypicked a shipment.
Blame those people.
<< <i>Way beyond my budget..... >>
lets forget about a budget for a while and that these are made of silver which is
quite the hot commodity lately...
i just picture a person buying all these newly minted items and i see a big pile of
yawn. does it not remind anyone of what happened in the past when people have
these boxes full of mint items that no one really wants anymore unless they can
make a buck on it?
that is how i feel towards this stuff. this huge pool of mint made items year after
year.. cannot all hold their value and will simply be bullion or things people want
only if they pay 10 cents on the dollar of what they cost originally.
GrandAm
<< <i>
<< <i>Didn't somebody say that the Mint's price to distributors was spot + $9.75 per coin? If that's the case, then the markup over cost is 78%.
I may decide to put all of my allocation of money elsewhere. These are not bullion coins by any definition. I'm kinda ticked, but hey - nobody's twisting anyone else's arms to buy these. As I suspected, any possible potential appreciation has been wrung out of these on the front end.
It's not my job to keep the Mint and it's distributor network in high cotton. I gotta think about it. There are other precious metal opportunities that are probably much better bets. grrr. >>
If I recall correctly, APMEX is NOT on the authorized distributors list for the US Mint which is below:
The US Mint's Real "customers"
1. A-Mark Precious Metals, Los Angeles - Silver, Gold, Platinum
2. Dillon Guage Inc. Dallas - Silver Only
3. Jack Hunt Coin Brokers, Buffalo NY - Silver Only
4. Prudential Securities Inc. New York City - Silver, Gold, Platinum
5. The Gold Center, Springfield, Ill - Silver Only
6. Coin's 'N Things, Bridgewater MASS - Silver Only
7. Fidelitrade Inc, Wilmington Del - Silver Only
8. MTB, New York City - Silver, Gold, Platinum
9. SCB/Mocatta Bullion, New York City - Silver, Gold, Platinum
10. Commerzbank International, Luxembourg/New York City - Silver and Gold
11. Deutsche Bank AG, Frankfurt Germany - Silver, Gold Only
12. Union Bank of Switzerland, Zurich - Silver, Gold, Platinum
13. Hang Seng Bank, Hong Kong - Silver, Gold Only
14. Tinaka Kikinzoku Kogyo K.K., Tokyo - Gold, Platinum Only
This means that APMEX needs to buy them from one of the above. >>
From the "other" thread:
<<
<< I've seen the list of the mint's 12 or so U.S. bullion distributors and APMEX was on that list also. >>
It was not.
1. A-Mark Precious Metals, Los Angeles - Silver, Gold, Platinum
2. Dillon Guage Inc. Dallas - Silver Only
3. Jack Hunt Coin Brokers, Buffalo NY - Silver Only
4. Prudential Securities Inc. New York City - Silver, Gold, Platinum
5. The Gold Center, Springfield, Ill - Silver Only
6. Coin's 'N Things, Bridgewater MASS - Silver Only
7. Fidelitrade Inc, Wilmington Del - Silver Only
8. MTB, New York City - Silver, Gold, Platinum
9. SCB/Mocatta Bullion, New York City - Silver, Gold, Platinum
10. Commerzbank International, Luxembourg/New York City - Silver and Gold
11. Deutsche Bank AG, Frankfurt Germany - Silver, Gold Only
12. Union Bank of Switzerland, Zurich - Silver, Gold, Platinum
13. Hang Seng Bank, Hong Kong - Silver, Gold Only
14. Tinaka Kikinzoku Kogyo K.K., Tokyo - Gold, Platinum Only >>
Your list is dated...APMEX did become a dealer this year.
June 1, 2010 --
For Immediate Release
Oklahoma City, OK:
The American Precious Metals Exchange (www.APMEX.com), one of the nation’s largest online precious metals companies, has been selected by the U.S. Mint to become an Authorized Purchaser of United States Silver Bullion Coins.
edited to "BOLD" what I wrote.
<< <i>So who has the best price on these puppies?
GrandAm
No one......
<< <i>So who has the best price on these puppies?
GrandAm
So far APMEX if you pay by check, to avoid the 3% credit card surcharge.
<< <i>I am not buying at that price..... >>
I think most of us here feel this way.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>So who has the best price on these puppies?
GrandAm
So far APMEX if you pay by check, to avoid the 3% credit card surcharge. >>
--------------------------------------------------------------------------------
I'm out
Too bad as I would really like to have The Grand Canyon puck.
<< <i>
<< <i>
<< <i>Didn't somebody say that the Mint's price to distributors was spot + $9.75 per coin? If that's the case, then the markup over cost is 78%.
I may decide to put all of my allocation of money elsewhere. These are not bullion coins by any definition. I'm kinda ticked, but hey - nobody's twisting anyone else's arms to buy these. As I suspected, any possible potential appreciation has been wrung out of these on the front end.
It's not my job to keep the Mint and it's distributor network in high cotton. I gotta think about it. There are other precious metal opportunities that are probably much better bets. grrr. >>
If I recall correctly, APMEX is NOT on the authorized distributors list for the US Mint which is below:
The US Mint's Real "customers"
1. A-Mark Precious Metals, Los Angeles - Silver, Gold, Platinum
2. Dillon Guage Inc. Dallas - Silver Only
3. Jack Hunt Coin Brokers, Buffalo NY - Silver Only
4. Prudential Securities Inc. New York City - Silver, Gold, Platinum
5. The Gold Center, Springfield, Ill - Silver Only
6. Coin's 'N Things, Bridgewater MASS - Silver Only
7. Fidelitrade Inc, Wilmington Del - Silver Only
8. MTB, New York City - Silver, Gold, Platinum
9. SCB/Mocatta Bullion, New York City - Silver, Gold, Platinum
10. Commerzbank International, Luxembourg/New York City - Silver and Gold
11. Deutsche Bank AG, Frankfurt Germany - Silver, Gold Only
12. Union Bank of Switzerland, Zurich - Silver, Gold, Platinum
13. Hang Seng Bank, Hong Kong - Silver, Gold Only
14. Tinaka Kikinzoku Kogyo K.K., Tokyo - Gold, Platinum Only
This means that APMEX needs to buy them from one of the above. >>
From the "other" thread:
<<
<< I've seen the list of the mint's 12 or so U.S. bullion distributors and APMEX was on that list also. >>
It was not.
1. A-Mark Precious Metals, Los Angeles - Silver, Gold, Platinum
2. Dillon Guage Inc. Dallas - Silver Only
3. Jack Hunt Coin Brokers, Buffalo NY - Silver Only
4. Prudential Securities Inc. New York City - Silver, Gold, Platinum
5. The Gold Center, Springfield, Ill - Silver Only
6. Coin's 'N Things, Bridgewater MASS - Silver Only
7. Fidelitrade Inc, Wilmington Del - Silver Only
8. MTB, New York City - Silver, Gold, Platinum
9. SCB/Mocatta Bullion, New York City - Silver, Gold, Platinum
10. Commerzbank International, Luxembourg/New York City - Silver and Gold
11. Deutsche Bank AG, Frankfurt Germany - Silver, Gold Only
12. Union Bank of Switzerland, Zurich - Silver, Gold, Platinum
13. Hang Seng Bank, Hong Kong - Silver, Gold Only
14. Tinaka Kikinzoku Kogyo K.K., Tokyo - Gold, Platinum Only >>
Your list is dated...APMEX did become a dealer this year.
June 1, 2010 --
For Immediate Release
Oklahoma City, OK:
The American Precious Metals Exchange (www.APMEX.com), one of the nation’s largest online precious metals companies, has been selected by the U.S. Mint to become an Authorized Purchaser of United States Silver Bullion Coins.
edited to "BOLD" what I wrote.
I stand corrected and better informed.
The name is LEE!
I like seeing all the dissention though.
How much you think the Mint will charge?
They are already charging $56 per ounce for the Silver Proof.
Why wouldn't they charge that per oz for the pucks?
Maybe they'll bring it down to $50. That will be an even $250 per.
<< <i>you guys are nuts.
How much you think the Mint will charge?
They are already charging $56 per ounce for the Silver Proof.
Why wouldn't they charge that per oz for the pucks?
Maybe they'll bring it down to $50. That will be an even $250 per. >>
These are bullion and the mint will sell them as bullion.
<< <i>
<< <i>you guys are nuts.
How much you think the Mint will charge?
They are already charging $56 per ounce for the Silver Proof.
Why wouldn't they charge that per oz for the pucks?
Maybe they'll bring it down to $50. That will be an even $250 per. >>
These are bullion and the mint will sell them as bullion. >>
Yea, Ok, they are going through all the work to create 'collectable' versions so they can only charge $30 oz.
Why would they even do that, when they can get $56 per oz by selling the Proofs?
Eitherway I'm in. Limited down side and big potential upside. If I lose money, it wouldn't be the first time. Can't win if you don't play.
<< <i>Another poster: This is a gift from the Mint to the distributors. The Mint will most certainly charge $195 +/- a couple of bucks for the same coin with a W mint mark. The bullion distributors are not dumb, they will be asking $225 or more very quickly. Given their purchase price of $165ish, multiply that times 4,000 and you get a tidy profit. That number could be 3,000 per distributor as I am not certain if it is 33000/12 or divided by 10 or 8.
In any case it is a bonanza for the bullion distributors. They will all make 200K out of this program.
This could easily be a $300 coin, given that every type collector will need one. >>
Me: I agree with you! The best deal on the planet now is to be one of the Mint's authorized distributors of bullion!
Well, now with the new prices, this is really, really one of the biggest sweetheart deals the Mint has ever done! Although the Goodacre "Presentation Finish" dollars comes close!
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>
<< <i>you guys are nuts.
How much you think the Mint will charge?
They are already charging $56 per ounce for the Silver Proof.
Why wouldn't they charge that per oz for the pucks?
Maybe they'll bring it down to $50. That will be an even $250 per. >>
These are bullion and the mint will sell them as bullion. >>
Ya right and I have a bridge for sale in Alaska!!
Successful BST Transactions!SIconbuster, Meltdown, Mission16, slothman2000, RGjohn, braddick, au58lover, allcoinsrule, commemdude, gerard, lablade, PCcoins, greencopper, kaz, tydye, cucamongacoin, mkman123, SeaEaglecoins, Doh!, AnkurJ, Airplanenut, ArizonaJack, JJM,Tee135,LordMarcovan, Swampboy, piecesofme, Ahrensdad,
<< <i>
<< <i>you guys are nuts.
How much you think the Mint will charge?
They are already charging $56 per ounce for the Silver Proof.
Why wouldn't they charge that per oz for the pucks?
Maybe they'll bring it down to $50. That will be an even $250 per. >>
These are bullion and the mint will sell them as bullion. >>
I could be wrong, but I think the reason the Mint wants to do the numismatic version is to get in on the heavy profit-taking themselves, plus they need some way to recoup the cost of the new equipment they bought to mint these things. So I expect the mint to tack on a pretty hefty premium. Based on today's spot price, I think it'll be priced upwards of $225.