New 5 once bullion
Newt
Posts: 7
My 1st post. You are planet Welcome
I found this on the US Mint site. Has anyone else heard about these? There is no release date about them.
Will PCGS grade a coin that large? Is anyone else interested in them? I think they sound like a cool idea, but than I might be too new at PM.
Silver Bullion Quarters
The United States Mint will also mint and issue unique silver bullion quarter-dollar coins that are exact duplicates of each of the America the Beautiful Quarters. The bullion coins will be made of .999 fine silver, have a diameter of three inches and weigh five ounces. The fineness and weight will be edge-incused on the bullion coins. The United States Mint will issue these coins under the America the Beautiful Silver Bullion Coin™ Program. Each silver bullion coin will be available for sale during the year in which its corresponding circulating quarter-dollar coin is issued.
http://www.usmint.gov/mint_programs/NSQuartersProgram/
Newt
I found this on the US Mint site. Has anyone else heard about these? There is no release date about them.
Will PCGS grade a coin that large? Is anyone else interested in them? I think they sound like a cool idea, but than I might be too new at PM.
Silver Bullion Quarters
The United States Mint will also mint and issue unique silver bullion quarter-dollar coins that are exact duplicates of each of the America the Beautiful Quarters. The bullion coins will be made of .999 fine silver, have a diameter of three inches and weigh five ounces. The fineness and weight will be edge-incused on the bullion coins. The United States Mint will issue these coins under the America the Beautiful Silver Bullion Coin™ Program. Each silver bullion coin will be available for sale during the year in which its corresponding circulating quarter-dollar coin is issued.
http://www.usmint.gov/mint_programs/NSQuartersProgram/
Newt
0
Comments
<< <i>You are planet Welcome >>
Bingo! True on all counts! I couldn't have said it better.
Added:
Welcome, Newt!
I knew it would happen.
If premiums over spot aren't TOO much, I wouldn't mind having maybe 1 of each.
HH
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Your icon came to me from Tyler (Arco). Can't remember whose pic it is but probably not taken by me as it looks too good!!
No comment on the new bullion - I'll have to wait and see on these.
Randy
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<< <i>
<< <i>You are planet Welcome >>
>>
???? I am planet wondering too. Welcome in any case Newt!
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TD
<< <i> planet to you too >>
Top of the planet to you!
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My guess is these will be $200. I'll get 1 for the heck of it but if by chance they come in at $150 I'll buy 2!
If these circumstances hold, I also expect that none of these coins will be particularly scarce.
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<< <i>*If* they are intended by the government to be bullion coins, and *if* they are minted to demand, and *if* they are distributed in a manner similar to the way Silver Eagles are distributed, then I expect that these coins will have percentage premiums similar to the premium on Silver Eagles.
If these circumstances hold, I also expect that none of these coins will be particularly scarce. >>
Agree with this scenario. If these are intended as bullion coins, they will not be particularly rare but some designs will inevitably be scarcer than others and the marketeers will hype those issues resulting in retail prices for those isses well above their bullion value not unlike the 1996 ASE's.
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
My guess was 200.00 also at todays spot. But what do I know I'm just a simple Newt. And yes the Bullion tag seems sneaky if they are not to be sold as bullion. will there be Proof versions? I think they all should be encapsulated if they are going to be way over spot.
I also wonder if the new 5 once bullion will be limited to one per house hold?
Moneycollector, I just picked an icon from the list. I did not see it untill today when you pointed it out. I'll change to something more Newt like later.
Thanks again
I'm sure APMEX will sell them when they become available.
ubl456.110">AMERICA'S BEAUTIFUL NATIONAL PARKS
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"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>Hopefully they won't come in fancy oversized boxes like the UHR coins. If you collect the entire series, you don't need storage to become a major headache. >>
I somewhat doubt that, since only authorized distributors will be able to sell them. Again, you will not be able to purchase them directly from the Mint which should avoid the fancy boxes.
<< <i>
<< <i>Hopefully they won't come in fancy oversized boxes like the UHR coins. If you collect the entire series, you don't need storage to become a major headache. >>
I somewhat doubt that, since only authorized distributors will be able to sell them. Again, you will not be able to purchase them directly from the Mint which should avoid the fancy boxes. >>
I was thinking if the mint started selling them in proof similar to the ASE's and AGE's.
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 was thinking if the mint started selling them in proof similar to the ASE's and AGE's. >>
That would require approval from Congress.
<< <i>Hopefully they won't come in fancy oversized boxes like the UHR coins. If you collect the entire series, you don't need storage to become a major headache. >>
I like the fancy UHR box.
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I'd hope they are more in line with say Australia's lunar series. Those 5 oz'ers are going for 101-105 (currently @ Gainesville).
Really too bad the Mint isn't selling them direct. The collectors could have put a subscription on them and not worry about missing any.
<< <i>But if you consider a guesstimated price $200 a pop...$1000 a year or.... >>
If these are minted strictly as bullion coins then the $200 guesstimate is likely way too high. Some other posters are suggesting $4.99 over spot which would put these at about $110/ea today.
At $110 I'd buy several of each design. At $200 a pop, it would be a couple here and there for me.
Fred, Las Vegas, NV