Possible Fractional Silver Bullion coins coming from the United States Mint...
cagcrisp
Posts: 1,059 ✭✭✭✭✭
H.R. 1923 Passed the House on September 22, 2020. A portion of the passed bill includes the following Bullion Silver section:
SEC. 5. Silver bullion coins.
“(2) FRACTIONALS.—The Secretary is authorized to mint and issue so-called ‘fractional’ silver bullion coins bearing the designs of the quarter dollars and half dollars issued under subsections (x), (y), and (z) in sizes, weights, fineness, and denominations, and with inscriptions, that the Secretary determines to be appropriate.
“(3) AVAILABILITY FOR SALE.—Should the Secretary exercise the Secretary’s discretion to strike bullion coins under this subsection, the bullion coins minted under paragraph (1) shall become available for sale no sooner than the first day of the calendar year in which the corresponding circulating quarter dollar or half dollar is issued.
“(4) CONTINUITY.—Until the conclusion of the quarter dollar program authorized under subsection (t), the Secretary shall strike and make available for sale such number of bullion coins as the Secretary determines to be appropriate that are likenesses of the quarter dollars issued under subsection (t).”.
Comments
Great!! another over priced Mint Product, will they only be selling to their Bullion Dealers 1st. like the ASE's ? like I say they can ask for Premiums when buying from them but don't ask for one when you try to sell!
I can’t wait for the quarter ounce reverse proof coin that will only be available in the 10 piece 1-oz platinum set
Apart from premiums, the main issue is what demand exists for new silver coins (5 oz and fractional potentially)? For the 250th anniv. of our founding, I think those could be popular, but I don't see demand for silver bullion coins about the 19th amendment or youth sports. Am I wrong? Please let me know what you think as I write for the major coin publications and when writing on this, I want to be able to discuss what collectors think.
why buy a 1oz ASE with a 100% markup when you can buy a 1/4oz one with a 150% markup to spot
“(A) IN GENERAL.—Effective beginning January 1, 2022, notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2), the Secretary of the Treasury shall issue quarter dollars that have designs on the reverse selected in accordance with this subsection which are emblematic of the accomplishment of a prominent American woman."
“(C) SINGLE PROMINENT AMERICAN WOMAN ON EACH QUARTER DOLLAR.—The design on the reverse side of each quarter dollar issued under this subsection shall be emblematic of the accomplishments and contributions of one prominent woman of the United States, and may include contributions to the United States in a wide spectrum of accomplishments and fields, including but not limited to suffrage, civil rights, abolition, government, humanities, science, space, and arts, and should honor women from ethnically, racially, and geographically diverse backgrounds.
“(D) ISSUANCE OF QUARTER DOLLARS EMBLEMATIC OF UP TO FIVE PROMINENT AMERICAN WOMEN EACH YEAR.—The designs for the quarter dollars issued during each year of the period of issuance described under paragraph (4) shall be emblematic of up to five prominent American women."
You are going to start a NEW program for 4 years that will be Prominent American Women Each Year. That's going to mean that you will be starting a program that will have somewhat lower demand in general vs. what we currently have.
Starting a NEW program with low demand is Not a recipe for Long Term Success...
They should instead be thinking of adding a 5 oz $5, 10 oz $10 and $25 25 oz., or 10 oz. mint bars such as the successful RCM bar.
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Great feedback, thanks.
Also, what about the quarters? Does the shorter series idea increase the appeal? The Mint knew people did not want another long quarter series, which is why they did it this way. Would you collect these quarters if you can get them in change?
to get input on this particular topic, i suggest creating a "new discussion" thread
Here's my coverage of the legislation. https://coinworld.com/news/us-coins/house-passes-massive-bill-for-future-u-s-coin-changes
From the description offered, I am not particularly interested. I will stick with ASE's as far as new mint products. Cheers, RickO
It would be cool to do the first spouse series again but in silver
I made one, but feel free to create any future threads you want. besides magazine authors we also have book authors and even whitman people post here.
Maybe the Mint could set up a Special deal where you take so many Fractional pieces and you can get a Golden Dollar Bonus, We have to start to empty out the Vaults of the Golden Dollars or send them to be recycled into another denomination coin say 20 cents or a 75 cent piece they would be as popular as the Dollars.
Cool. More bug out survival sizes.
I just ordered a Dansco for the1/50th ounce silver eagle series.......They're lovely !
but we need five dollar's worth of silver with a dollar markup.
edit
on second thought 1/10 ounce gold eagles already have a higher markup than the one ounce coins...
the markup on a silver eagle is $2, what would it be on a quarter ounce?
Just make a silver 3c and call it good...
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Probably the same.
I did not know it but the UK has 1.10thh ounce silver brits.
why us?