Anyone buying 2023-S Proof Silver Eagles today?

Goldbully

I may buy a few, a couple for gifts.
$80
And you?

---

---

Mint Link

fathom

The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Extremeengineer

I've got the W, I don't really feel the need to get every mint in this.

AUandAG

Nope, priced out of the market at $80.

bob
vegas baby!

NJCoin

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Basic economics suggests that charging 4x spot WILL limit supply, by limiting demand. Trust the market to do its thing.

What you don't have here is a flipping frenzy. You have the exact same thing as if they announced a limit of anything from around 300K+. They have shown through all of their "hot" releases this year that they are looking to match supply to demand, and not create winners and losers based on who can successfully game the internet.

Beyond that, they are not flooding the market with millions of anything, nor pricing anything significantly below what the market will bear. The market for limited edition, collector silver is around 4x spot, so that's what they charge. Just like Canada, Australia, the UK, etc..

And, the demand for limited edition, American silver is right around 300K, as evidenced by everything else they have sold this year. Putting a number on it, or not, won't make a difference, as long as their desire is to meet demand. Which it clearly is.

Announcing 200K would create a flip, and likely cost them around $8 million in sales, while placing at least that much in the pockets of flippers. Announcing anything above 300K wouldn't move the needle in terms of demand, so what's the point? The mintage is unlimited, and they'll be pulled from sale after the holiday, unless they sell out what they made before then, at a point after they have switched production to 2024s and choose not to make any more. Even though the mintage is "unlimited."

mark_dak

$80? Pass...

Mark

124Spider

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

The part of the Mint that makes collectible coins has a "responsibility" only to run its business in as profitable manner as possible. It doesn't owe its customers the ability to flip for a profit.

The Mint sells coins; people buy coins. If not enough buy them, the Mint changes something. But as long as lots of people are buying them at 4x spot, the Mint is doing its job.

PS--I'm buying a couple of them; I think they're pretty.

heavymetal

One subscription for me to keep things going.

jmlanzaf

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Joe_360

I bought in the past. $80 is not the issue, I've just lost interest in such.

johnny010

@Joe_360 said:
I bought in the past. $80 is not the issue, I've just lost interest in such.

Same

may

I accidentally ordered a 2024 one.

djm

Bought mine already graded PCGS PR70DCAM First Strike from Claudia at Coin Advisor for $119. No sense in messing around with these to save $4.

fathom

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Vasanti

All 5 of my 2023-S Peace dollars came back as PR69. I evidently suck and I’m not rolling the dice with these.

NJCoin

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Yup. These are collector coins, for collectors. Not necessarily investors. If you are looking for appreciation, you have stocks, bonds, crypto, even bullion. You don't have to pay 4x spot to buy ASEs.

I buy 'em because I like 'em, and will be thrilled if they just hold their value. My retirement is not tied up in US proof coins, and I'll be happy if they continue to be worth 4x spot, whatever spot happens to be, time value of money notwithstanding.

That said, of course there is potential appreciation. If everyone thinks like you do, when the dust settles and they are removed from sale, the "unlimited mintage" might turn out to be 150K, or less. What do you think would happen to their value if that happened?

Jacques_Loungecoque

Nope.

124Spider

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

IMO, seeing coin collecting as a primary investment vehicle is not good financial planning. There are lots of safer and more reliable ways to invest.

But none of them has the fun inherent in a hobby. As long as I'm not losing huge amounts of money, I'm getting enough pleasure out of coin collecting to justify the diversion of funds from "real" investing.

I buy all coins because of the pleasure I get hunting, then buying, then looking at, the coins. The more I spend on a coin, the more careful I am, but I don't expect a great run-up in value of any of my coins. Specifically, I buy ASEs because I think they're pretty. And my financial future doesn't depend, even a little bit, on whether that $80 purchase turns into a $30 asset or a $150 asset.

Klif50

I have one coming from subscription.

Goldbully

@Klif50 said:
I have one coming from subscription.

Free shipping is nice.

fathom

@NJCoin said:

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Yup. These are collector coins, for collectors. Not necessarily investors. If you are looking for appreciation, you have stocks, bonds, crypto, even bullion. You don't have to pay 4x spot to buy ASEs.

I buy 'em because I like 'em, and will be thrilled if they just hold their value. My retirement is not tied up in US proof coins, and I'll be happy if they continue to be worth 4x spot, whatever spot happens to be, time value of money notwithstanding.

That said, of course there is potential appreciation. If everyone thinks like you do, when the dust settles and they are removed from sale, the "unlimited mintage" might turn out to be 150K, or less. What do you think would happen to their value if that happened?

No, I am referring to collectors not investors. I've said this before and I'm sticking with it:

The US Mint has a choice. It can produce "stuff" or it can cultivate a loyal base of collector that want to continue to purchase intrinsic items that hold value over time. The product is well executed, the Mint has a following. It is up the directors to lead the marketing and sales and achieve and create brand excellence and subsequent demand. That will come from the perceived value of the product over time with proper production and marketing strategies. Otherwise it becomes just "stuff".
The ASE is an important product for the Mint with a loyal Collector/Investor/Bullion dealer following. Why treat the proof version like a widget? What does that accomplish?

NJCoin

@fathom said:

@NJCoin said:

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Yup. These are collector coins, for collectors. Not necessarily investors. If you are looking for appreciation, you have stocks, bonds, crypto, even bullion. You don't have to pay 4x spot to buy ASEs.

I buy 'em because I like 'em, and will be thrilled if they just hold their value. My retirement is not tied up in US proof coins, and I'll be happy if they continue to be worth 4x spot, whatever spot happens to be, time value of money notwithstanding.

That said, of course there is potential appreciation. If everyone thinks like you do, when the dust settles and they are removed from sale, the "unlimited mintage" might turn out to be 150K, or less. What do you think would happen to their value if that happened?

No, I am referring to collectors not investors. I've said this before and I'm sticking with it:

The US Mint has a choice. It can produce "stuff" or it can cultivate a loyal base of collector that want to continue to purchase intrinsic items that hold value over time. The product is well executed, the Mint has a following. It is up the directors to lead the marketing and sales and achieve and create brand excellence and subsequent demand. That will come from the perceived value of the product over time with proper production and marketing strategies. Otherwise it becomes just "stuff".
The ASE is an important product for the Mint with a loyal Collector/Investor/Bullion dealer following. Why treat the proof version like a widget? What does that accomplish?

It accomplishes satisfying a demand. "Widgets" and "stuff" sounds like Laura from Legend. The rare coins she chases, as opposed to "widgets" and "stuff," are created like diamonds, through decades upon decades of careful preservation at a time when coins were not widely collected or well preserved. Their existence is an accident, and that's what makes them rare.

That just doesn't exist with anything modern, nor should it. You want low mintage modern treasures? The Canadian and Perth mints are ready and willing to satisfy that itch, each and every month.

What would you like to see? A lottery for 1945 coins to be sold at $2,000 that the market values at $20K? Or, the Mint actually selling 1945 of them for $20K each?

The Mint is a public agency, meant to serve the public. That means creating widgets, and leaving you and Laura to chase low mintage pre-1933 treasures that only exist in high grades in very low numbers, lest they commit the sin of being obtainable by the majority of collectors, and being widgets or stuff as a result. Not producing product in numbers far below demand, and then selling them at far below market value, in order to create value for the lucky few able to get their hands on them. At the expense of American taxpayers, who could otherwise reap the rewards of the Mint producing millions of widgets for sale, at prices and volumes the market will support.

Widgets and stuff is all most people can afford to collect. And, there is nothing wrong with that, or with producing product to meet that demand. There are Mercury Dimes, Walking Liberty Halves, St. Gaudens and Liberty Double Eagles, Morgan and Peace Dollars, etc., in all grades and price points, for people interested in rare coins. And modern widgets and stuff, that grade even higher and cost far less, for the rest of us.

mlittle

I'd just as soon have a bullion ASE instead of paying $80 for a proof one.

Twobitcollector

Not I.

NJCoin

@mlittle said:
I'd just as soon have a bullion ASE instead of paying $80 for a proof one.

And that's why they give you a choice!

fathom

@NJCoin said:

@fathom said:

@NJCoin said:

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Yup. These are collector coins, for collectors. Not necessarily investors. If you are looking for appreciation, you have stocks, bonds, crypto, even bullion. You don't have to pay 4x spot to buy ASEs.

I buy 'em because I like 'em, and will be thrilled if they just hold their value. My retirement is not tied up in US proof coins, and I'll be happy if they continue to be worth 4x spot, whatever spot happens to be, time value of money notwithstanding.

That said, of course there is potential appreciation. If everyone thinks like you do, when the dust settles and they are removed from sale, the "unlimited mintage" might turn out to be 150K, or less. What do you think would happen to their value if that happened?

No, I am referring to collectors not investors. I've said this before and I'm sticking with it:

The US Mint has a choice. It can produce "stuff" or it can cultivate a loyal base of collector that want to continue to purchase intrinsic items that hold value over time. The product is well executed, the Mint has a following. It is up the directors to lead the marketing and sales and achieve and create brand excellence and subsequent demand. That will come from the perceived value of the product over time with proper production and marketing strategies. Otherwise it becomes just "stuff".
The ASE is an important product for the Mint with a loyal Collector/Investor/Bullion dealer following. Why treat the proof version like a widget? What does that accomplish?

It accomplishes satisfying a demand. "Widgets" and "stuff" sounds like Laura from Legend. The rare coins she chases, as opposed to "widgets" and "stuff," are created like diamonds, through decades upon decades of careful preservation at a time when coins were not widely collected or well preserved. Their existence is an accident, and that's what makes them rare.

That just doesn't exist with anything modern, nor should it. You want low mintage modern treasures? The Canadian and Perth mints are ready and willing to satisfy that itch, each and every month.

What would you like to see? A lottery for 1945 coins to be sold at $2,000 that the market values at $20K? Or, the Mint actually selling 1945 of them for $20K each?

The Mint is a public agency, meant to serve the public. That means creating widgets, and leaving you and Laura to chase low mintage pre-1933 treasures that only exist in high grades in very low numbers, lest they commit the sin of being obtainable by the majority of collectors, and being widgets or stuff as a result. Not producing product in numbers far below demand, and then selling them at far below market value, in order to create value for the lucky few able to get their hands on them. At the expense of American taxpayers, who could otherwise reap the rewards of the Mint producing millions of widgets for sale, at prices and volumes the market will support.

Widgets and stuff is all most people can afford to collect. And, there is nothing wrong with that, or with producing product to meet that demand. There are Mercury Dimes, Walking Liberty Halves, St. Gaudens and Liberty Double Eagles, Morgan and Peace Dollars, etc., in all grades and price points, for people interested in rare coins. And modern widgets and stuff, that grade even higher and cost far less, for the rest of us.

Mint-flavored koolaid.

NJCoin

@fathom said:

@NJCoin said:

@fathom said:

@NJCoin said:

@fathom said:

@jmlanzaf said:

@fathom said:
The Mint has a responsibility if they are going to charge 4X spot to impose a mintage limit.

Keep the value by limiting supply.
Greed is not a Mint objective.

Except they sell for that in the secondary market.

Stagnation is fine for some people I would prefer appreciation.

Time value of money....you are losing money holding proof ASEs big time. And paying 4X spot presently....no thanks.

There is no potential appreciation with no mintage limit.

Yup. These are collector coins, for collectors. Not necessarily investors. If you are looking for appreciation, you have stocks, bonds, crypto, even bullion. You don't have to pay 4x spot to buy ASEs.

I buy 'em because I like 'em, and will be thrilled if they just hold their value. My retirement is not tied up in US proof coins, and I'll be happy if they continue to be worth 4x spot, whatever spot happens to be, time value of money notwithstanding.

That said, of course there is potential appreciation. If everyone thinks like you do, when the dust settles and they are removed from sale, the "unlimited mintage" might turn out to be 150K, or less. What do you think would happen to their value if that happened?

No, I am referring to collectors not investors. I've said this before and I'm sticking with it:

The US Mint has a choice. It can produce "stuff" or it can cultivate a loyal base of collector that want to continue to purchase intrinsic items that hold value over time. The product is well executed, the Mint has a following. It is up the directors to lead the marketing and sales and achieve and create brand excellence and subsequent demand. That will come from the perceived value of the product over time with proper production and marketing strategies. Otherwise it becomes just "stuff".
The ASE is an important product for the Mint with a loyal Collector/Investor/Bullion dealer following. Why treat the proof version like a widget? What does that accomplish?

It accomplishes satisfying a demand. "Widgets" and "stuff" sounds like Laura from Legend. The rare coins she chases, as opposed to "widgets" and "stuff," are created like diamonds, through decades upon decades of careful preservation at a time when coins were not widely collected or well preserved. Their existence is an accident, and that's what makes them rare.

That just doesn't exist with anything modern, nor should it. You want low mintage modern treasures? The Canadian and Perth mints are ready and willing to satisfy that itch, each and every month.

What would you like to see? A lottery for 1945 coins to be sold at $2,000 that the market values at $20K? Or, the Mint actually selling 1945 of them for $20K each?

The Mint is a public agency, meant to serve the public. That means creating widgets, and leaving you and Laura to chase low mintage pre-1933 treasures that only exist in high grades in very low numbers, lest they commit the sin of being obtainable by the majority of collectors, and being widgets or stuff as a result. Not producing product in numbers far below demand, and then selling them at far below market value, in order to create value for the lucky few able to get their hands on them. At the expense of American taxpayers, who could otherwise reap the rewards of the Mint producing millions of widgets for sale, at prices and volumes the market will support.

Widgets and stuff is all most people can afford to collect. And, there is nothing wrong with that, or with producing product to meet that demand. There are Mercury Dimes, Walking Liberty Halves, St. Gaudens and Liberty Double Eagles, Morgan and Peace Dollars, etc., in all grades and price points, for people interested in rare coins. And modern widgets and stuff, that grade even higher and cost far less, for the rest of us.

Mint-flavored koolaid.

Maybe, but everyone cannot afford Johnnie Walker Blue. And, there is a place to get it if that's what you want.

What's the purpose of pooping all over Walmart, just because you prefer the Hermes boutique? Walmart built a very impressive empire supplying a market. That's what the Mint does.

Not creating artificial, instant rarities for those who turn their noses up at widgets. Maybe in 150 years, most of the Kool-Aid will have long been melted down, and then your great great great great great grandchildren can buy what I pass down from my great great great great great grandchildren, when they have aged sufficiently and are no longer widgets.

Or not, if they never get there. But, it's worth keeping in mind that most of the treasures you now covet were also nothing more than "stuff" when they were minted.

Orlena

I have collected them for 15 years and have one coming. This is it for me - I’m moving on to the Morgan/Peace series for the future, one of each by subscription.

JWP

I just got my 3-2023S ASE's in the mail today. Fast delivery.

Smudge

No.

BLUEJAYWAY

No. I prefer to stay with the original coinage these designs are based on. The Walkers,Liberty dimes,Buffs. Peace dollars.

mlittle

@NJCoin said:

@mlittle said:
I'd just as soon have a bullion ASE instead of paying $80 for a proof one.

And that's why they give you a choice!

How right you are!

Onedollarnohollar

no reports of any "signed" certificates inside the packages yet? thought the mint might surprise us again.

NJCoin

@Onedollarnohollar said:
no reports of any "signed" certificates inside the packages yet? thought the mint might surprise us again.

But then it wouldn't be a surprise. It would be a new thing. What made it special is that it was one and done. By definition, there will be no more. Certainly not on every new proof release.

May0r0fwheatt0wn

Not an interest of mine. So no

alaura22

Ditto^

Goldminers

Ordered one PR70DCAM in a pre-sale.

bsshog40

When the mint went up on these in 21', I basically quit collecting them. Too expensive to buy all the different options to maintain a full set. I wound up selling just about every SAE I had.

Klif50

Got mine in today's mail. Didn't open the box, just wrote on the outside what it is and put it away. Grandkids can open the box when they get the collection.

Che_Grapes

Got all the 2020 and 2021 specimens (type 1 and type 2) - but then I stopped buying them

fathom

Absolutely, vote with your wallet.

If the Mint wants to turn them into $80 silver rounds. No chance for appreciation, no chance.

Goldbully

Coin News.Net

---

US Mint Sales: 2023-S Proof Silver Eagle Starts Near 205,000

edited to add: That $16.38 Million in sales.....not a bad week or so for the Mint.

---

By
Mike Unser -
October 19, 2023

As expected, the U.S. Mint’s new 2023-S Proof American Silver Eagle from its San Francisco facility was its best weekly seller.

---

---

Released on Oct. 10 in two product options — standalone and in 40-coin packs for authorized bulk buyers — the proof coin achieved combined sales of nearly 205,000 in the first six days of its release.

When breaking down the numbers by product, sales include 180,104 coins for the standalone option (product code 23EM) and 24,640 coins for the 40-coin bulk option (product code 23EM040), with 616 units sold, resulting in a combined total so far of 204,744 coins.

---

U.S. Mint Top Sellers for week of October 15th and more in link.

CoinNews.net link