Anyone Planning to Buy Those 5-Ounce Silver "Coins"?

RichR

Anyone planning to buy them? And I assume they're the largest/heaviest items ever produced by the Mint?

Longacre

I will probably buy them, especially if I am going to buy silver anyway.

JamesMurray

Id planned to til i seen the designs so far.Until something worthwhile is issued , no.I know its only bullion and design shouldnt matter,still a no.

jmski52

I can't decide. It probably depends on how "picked over" they are by the Mint's sacred cow distributors, and the price as well.

RichR

<<I will probably buy them, especially if I am going to buy silver anyway. >>

Funny you say that...as I was also thinking it would probably be a fast way to amass a bit of a silver stockpile.

I wonder what the Mint's marked-up price will be over spot?

Also...I'm wondering if they're going to be produced in Proof and/or Unc versions?

RichR

<<It probably depends on how "picked over" they are by the Mint's sacred cow distributors, and the price as well. >>

Ugh...I never thought of that...I was assuming [probably incorrectly] that they might be a direct sale to the public due to their unusual nature.

TomB

There are likely many more efficient ways to buy bullion in terms of distribution of funds.

MsMorrisine

I'm torn.

they'll likely be panned, too expensive for many, and avoided.

will anyone want them even decades down the road??

will these take more silver from the ASE proof program and prevent them from being made again in this and future years?


they may be extremely low mintage, and potentially very collectible many decades in the future.




Perhaps I can take the classic commem market as an indicator?

08HALA20

Yes, I am planning on getting them.

Joe

smokincoin

If they are offered "direct to the public", yes. Someone's cherrypicked rejects, no!

HalfStrike

Moy said initially they will only be sold through the distributors but later the mint may sell them as well from the mint website.

johnny9434

I'm with smokincoing, direct from the mint yes, someones cherrypickers no, not in the least bit

LindeDad

No. Oh and I am not getting the quarters either.

scotty1418

There's a local one I'd really like to get, but last I heard, they were ridiculously priced.

If they are reasonable, I'd probably buy a couple - but if they are way above spot price, no way - even if I do like them.

Dentuck

I'm buying.

illini420

depends on the price

jmski52

My understanding is that the dealer network will be used for the regular issue Unc coins, and that the Mint is still in the process of deciding whether or not to offer a Proof version directly from the Mint. Has a release date been established yet?

SilverEagles92

I'd like to know the release date as well.

I will likely buy one if a particular design tickles my fancy, but I don't plan to collect the entire series of 5 ounce coins or National Parks Quarters.

RichR

If these are not offered direct from the Mint...I'm afraid to guess how outlandishly low the sales figures might end up being.

And...in all seriousness...are PCGS and NGC going to produce an immensely large slab to house them? Now that WOULD be something to see...it would be the size of a manhole cover!

DennisH

What do they look like,
and how much?

johnperk747

I'm not sure what I'm going to do??
Is it really going to be a "coin" or a "medal" (what "value" will it be listed as??)

Living in Calif. I might just get the ones that have "Calif" parks on them??
(I would think they would look very cool as proofs, not sure about "un-circulated" condition!)

Price will pay a big part in my decision too

jmski52

I am wondering what a "contact mark" will look like on one of these things.

RedHerring

I've heard they will be priced at about $5 over spot or $105/each if on sale today.

I'll buy a couple at that price.

keepdachange

depends on the premium, but would like to see them

8RealesReality

Release date?

291fifth

Nooooooooooooooooo!!!!!!!!!!!!!!!!

RichR

<<I've heard they will be priced at about $5 over spot or $105/each if on sale today.>>

If that's true...that would be a real potential "sleeper" item in years to come...considering 99.99% of the population wouldn't even know these things existed.

And as for those that asked...I think they're going to have a nominal "value" of 25 cents...which is beyond weird!

messydesk

NGC will probably enplasticate them, as I believe they've done megaslabs in the past. PCGS would have to develop a holder, and I'm thinking it would cost quite a bit. My guess is that PCGS will pass, and that alone will negatively affect sales. (Tail wagging the dog, anyone?) If the markup isn't too heinous, I'll buy those that the artwork so warrants. As I remember these being described as an enlargement of the quarters, I don't think I'll be buying many. If, on the other hand, the quarters are a reduced size, reduced fine detail, reduced relief of the coasters, then I may be more tempted.

jmski52

Those 5-Ounce Silver "Coins"?

This brings up another good question - what, exactly do you call something like this?

A Quarter? Quarter of what? It's not a "quarter" of anything, really.

Hubcap? Dinner Plate? Frisbee?

Lethal from a 4 story building? There must be something that fits, but I am at a complete loss to know what to call it.

OPA

YES ... "I'm in" for the duration. I love 3" silver art rounds. Shouldn't this post be in the PM forum? We are talking bullion here and not coin.

PerryHall

<< <i>depends on the price >>



Same here. If they are reasonably close to their bullion value, I'll buy them.

PerryHall

Since they will be the same design as the quarter, their nominal their face value will be a quarter dollar. Their real value will be based on their bullion value and any premium over melt the seller wants to charge---just like the $1 ASE's and the $50 AGE's whose face value is also totally irrelevant in determining their value.

OPA

<< <i>

<< <i>depends on the price >>



Same here. If they are reasonably close to their bullion value, I'll buy them. >>



If you believe that they will be reasonable close to bullion value, well, I've got a bridge that is available for sale. My guess, since you will only be able to purchase them from Bullion Dealers, 25 - 35% or higher, per oz above spot.

7over8

is that $5 over spot for the item

or $5 over spot per/oz?

knowing the mint, the latter.......

mikeyg

actually looking forward to them however the price may be an issue for me.As I recall the mint mentioned that they would be sold thru the usual distributors and from the national parks dept too so they can add a premium to them.

lcoopie

I bought a 2 oz hard times token from DCarr
which I really like

I am sure the mint coins will be too expensive
but I am in.

MsMorrisine

<< <i>If they are offered "direct to the public", yes. Someone's cherrypicked rejects, no! >>



good point, too.

MsMorrisine

<< <i>My understanding is that the dealer network will be used for the regular issue Unc coins, and that the Mint is still in the process of deciding whether or not to offer a Proof version directly from the Mint. Has a release date been established yet? >>




if they can't make ASE proofs, they should definitely not make these as proofs.

the ASE proofs are a proven seller with a long track record.


If my guess about the push back from the Mint is correct and it is due to them viewing these as low sellers, then I'll guess they aren't really considering proof versions.

BNBAnalytics

I need a good reason to buy one.. Brilliant design always helps..

MsMorrisine

<< <i>Those 5-Ounce Silver "Coins"?

This brings up another good question - what, exactly do you call something like this?

A Quarter? Quarter of what? It's not a "quarter" of anything, really.

Hubcap? Dinner Plate? Frisbee?

Lethal from a 4 story building? There must be something that fits, but I am at a complete loss to know what to call it. >>





The law which created the quarters and these 5 ouncers is in another thread.

These will have a nominal value of twenty five cents. I wonder if that will confuse any of the public and maybe that and the price tag will steer them towards bullion ASEs.

I forgot who is already calling them hockey pucks... I was already calling the UHR the hockey puck... I'm not sure what I'd to call these. Though the dimensions are somewhat familiar....

PerryHall

<< <i>

<< <i>

<< <i>depends on the price >>



Same here. If they are reasonably close to their bullion value, I'll buy them. >>



If you believe that they will be reasonable close to bullion value, well, I've got a bridge that is available for sale. My guess, since you will only be able to purchase them from Bullion Dealers, 25 - 35% or higher, per oz above spot. >>



They will be sold through the same distribution system as the ASE's so I would expect the premium as a % over melt to be similar. If they price gouge, I will pass since I imagine they will be available in the secondary market at a more reasonable price.

AUandAG

Since the Mint had to buy a special medal press, from Germany, to manufacture this bullion I doubt
there will be MSs and PFs. With the small amount of silver and large diameter of the "coin" and the
fact that it has to have edge lettering, I can only see huge problems and lots of errors.
Just my take.
I'm not in.

bob

fivecents

Yes, I will buy.

coinsarefun

5 ounce silver can be very nicely designed.......lets see what they come up with

pf70collector

I posted this before but I wonder what the percentage of 70s will be. I think because the coin is so big they will not abundant. Any opinions?

johnperk747

I just got my "Littleton Coin company" catalog and they have there 3-1/2" Dia. 4 oz. GIANT SOLID SILVER TRIBUTE 2010 American Eagle for sale at $150 !!

IMHO . . . I don't see this "COIN" going anywhere . . . just another mistake from the US MINT, will not last as long as the new Quarters will.

mbogoman

It all depends on the price. I like some of the designs (Glacier and Olympic in 2011 stick out) and they could, if done with enough detail, look spectacular.

ClosedLoop

for me, not a coin worth collecting.

MsMorrisine

<< <i>I just got my "Littleton Coin company" catalog and they have there 3-1/2" Dia. 4 oz. GIANT SOLID SILVER TRIBUTE 2010 American Eagle for sale at $150 !!

IMHO . . . I don't see this "COIN" going anywhere . . . just another mistake from the US MINT, will not last as long as the new Quarters will. >>




mistake from Congress with help from the Mint.

Congress made the law, and I'll betthe Mint had input.

MsMorrisine

<< <i>I posted this before but I wonder what the percentage of 70s will be. I think because the coin is so big they will not abundant. Any opinions? >>



While some think I'm solely a 70 hunter ... (I am working on the proof First Spouses in 69 And in 70)

I'm not.

I still can't tell a 69 from a 70

I can live with the 69s (although I love the 70s more, it's true)

but I am afraid these will be issued mostly with tiny but visible nicks and ticks. Distracting for me.

I guess I'll have to adjust if the mint workers don't.


I see in their 2009 annual report that they have robotic QC and assembly for at least some stuff. If they had to purchase a new press, I can't help but wonder what they had to purchase to inspect and package these things. I secretly hope they are going to carefully hand inspect and package these things, but since they are sold as bullion I think that is a pipe dream.

Steve27

As has been stated before, if the price is right then I'll be a buyer. I wonder how many will come in a tube, and how many in a big green box (maybe it will be a different color).