<< <i>Any more word on these? There seems an almost strange mint silence on this issue of pucks... >>
As always, it is "The Mint vs. The Collectors."
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Capt. Is your store planning on getting any of these? >>
Yes, but we are not committing to anything until the Brain Trust at the Mint release some information about them.........
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Any more word on these? There seems an almost strange mint silence on this issue of pucks... >>
The mint said they'd call me back when they have info on a release date.
There's not much time left. >>
I'm still waiting for the Mint to call me back on a question I asked them back in 1977...............
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Anybody watch the Mint's educational video: "Marketing and How To Avoid It!"
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
My guess was overheating. (Put it in a ZipLock, then into the freezer until ice cold, and it's back)
I have a new one on the way, just in case.
Also, just in case I'm not around to respond to PMs and posts here, the most likely culprit would be that "the router died." Hopefully the new one will be here sometime Tuesday.
The numismatic version (not approved by the Secretary as of today) will most likely sell for 175 to 195 given the current price of silver. Given there will only be 25K of these, sold one at a time, sometime next year, I think they will sell out immediately and end up being 300 on the secondary market.
Who knows what will happen to the 50k sold without a W via the bullion distribution market. These guys are not dumb, so I expect the price to be high for them as well. Time will tell. The bullion version must be sold in 2010, while the Numismatic version (if approved) can be sold later than that.
It will be interesting to watch this play out as any type collector must have one.
Retired United States Mint guy, now working on an Everyman Type Set.
Not sure about the numbers you are quoting since the "numismatic" version is not approved in any case and even the standard bullion mintages are yet to be told to the best of my knowledge. Prices? Your guess as good as mine, or anyone's...
Love that Milled British (1830-1960) Well, just Love coins, period.
He also does a better job as Mint Spokesman than the Mint Spokesman. >>
The Mint has a Spokesman? Who is it? The guy to the right on the Huguenot Half????
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
The only reason I can see for a high premium on the silver bullion is to cover minting problems.
But, as I have said in this thread before, I think the premium will be higher than on ASEs due to their production problems. However, that is my own guess.
BTW, the mint has internal target profit margins on products. Here is the 2009 Annual Report Bullion: Coins are sold to authorized purchasers at the same market price paid for the metal plus a premium to cover bullion program operating costs. Authorized purchasers agree to maintain an open, two-way market for these coins, assuring their liquidity. This allows the public to purchase and sell coins at the prevailing market price, adjusting for any premium the authorized purchaser applies. The purpose of the bullion program is to make precious metal coins available at minimal cost to investors. Consequently, the United States Mint manages the bullion program to a nominal net margin. Numismatic: A main objective of numismatic operations is to keep the sale price of products as low as practicable for customers. The program is managed to a 15 percent net margin overall to ensure sale prices are as low as practicable and returns are sufficient to fund numismatic operating costs.
<< <i>The numismatic version (not approved by the Secretary as of today) will most likely sell for 175 to 195 given the current price of silver. Given there will only be 25K of these, sold one at a time, sometime next year, I think they will sell out immediately and end up being 300 on the secondary market.
Who knows what will happen to the 50k sold without a W via the bullion distribution market. These guys are not dumb, so I expect the price to be high for them as well. Time will tell. The bullion version must be sold in 2010, while the Numismatic version (if approved) can be sold later than that.
It will be interesting to watch this play out as any type collector must have one. >>
<< <i>Press inquiries: Michael White (202) 354-7222
The only reason I can see for a high premium on the silver bullion is to cover minting problems.
But, as I have said in this thread before, I think the premium will be higher than on ASEs due to their production problems. However, that is my own guess.
BTW, the mint has internal target profit margins on products. Here is the 2009 Annual Report Bullion: Coins are sold to authorized purchasers at the same market price paid for the metal plus a premium to cover bullion program operating costs. Authorized purchasers agree to maintain an open, two-way market for these coins, assuring their liquidity. This allows the public to purchase and sell coins at the prevailing market price, adjusting for any premium the authorized purchaser applies. The purpose of the bullion program is to make precious metal coins available at minimal cost to investors. Consequently, the United States Mint manages the bullion program to a nominal net margin. Numismatic: A main objective of numismatic operations is to keep the sale price of products as low as practicable for customers. The program is managed to a 15 percent net margin overall to ensure sale prices are as low as practicable and returns are sufficient to fund numismatic operating costs. >>
As I mentioned on here a couple of weeks ago, I suspect that the reason the Mint recently raised the premium on the one ounce silver eagles by 50 cents an ounce was to pad the premiums on the hockey pucks and help them get back the cost of the monstrous press they had to buy to strike the hockey pucks.
TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>...(not approved by the Secretary as of today)... there has been only talk of making a numismatic version. >>
I believe that "talk" is only for future years. The 2010 issues will likely only be issued as MS bullion. There isn't enough time to tool up and crank out some proofs for 2010. And once 2011 rolls around, you can say sayonara to striking 2010 coins (it's the law!)
I firmly believe the 2010 pucks may be the sleeper hit of the year. The well known problems striking them, the limited mintage, the late-in-the-year issue (if they ever get them out!) - it all adds up to a pretty good chance at a winner! JMHO, of course...
It's poor planning that makes weird partial sets occur.
We'll have MS hockey pucks for all years and PROOFs for all but one We'll have Bullion SAEs for all years and PROOFs for all except 2009 We'll have Satin finish uncs for state quarters from 2005 to 2008, but not from 1999 to 2004 We'll have Satin finish national park quarters for 2010 but not for other years
It just goes on and on. I guess that's what makes this hobby interesting (or frustrating).
The Satin Finish experiment created partial sets for every denomination. The 2005-2010 mint set grouping may become a distinct series of its own over time.
Bringing this forward again, is there any movement concerning these? FEDEX and the USPS will be very busy delivering these and Christmas packages at the same time.
I think the Mint is going to ship the week after Christmas to avoid those pesky Christmas present sales...........
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
One week since the last post and still no news out of the mint. Just 5 weeks left in the year. It's going to be a mad scramble to get these to the distributors and then out to customers before the end of the year...
<< <i>the mint only has to get them to their wholesalers by the end of the year. after that sales can take place whenever they take place. >>
Yes, understood. The point I was trying to make is that with the holiday season and associated time off, there aren't a lot of working days left between now and the "effective" end of the year to pump these things out. The silence from the mint on these is almost deafening!!!
my biggest concern is silence = trouble and trouble = higher prices.
But who knows. Many thought Dcarr was in jail but his sentence was only two week of vacation. Perhaps they are still minting these things and want to push out as many as they can at once.
If they are going to wait until the last minute to push these out, I wish they'd tell us now.
United States Mint America the Beautiful Silver Bullion Coins™ Available December 6 Numismatic versions of the coins will be available in first quarter of 2011
WASHINGTON - The United States Mint is pleased to announce the release of its new America the Beautiful Silver Bullion Coins on December 6. The three-inch, five-ounce silver coins-the first of their kind produced by the United States Mint-are investment-grade coins with weight, content and purity guaranteed by the U.S. government. The coins are struck in .999 fine silver.
The United States Mint America the Beautiful Silver Bullion Coins will be available through an established network of Authorized Purchasers that will in turn make them available on the secondary market. To find a bullion retailer, visit http://www.usmint.gov/bullionretailer or call 1-800-USA-GOLD (872-4653). The cost of the coins will be determined by the current market price of silver plus a moderate premium to cover minting, distribution and marketing costs.
The maximum first year mintage for the America the Beautiful Silver Bullion Coins is 165,000 units--33,000 units for each of the five coins issued in 2010 in honor of Hot Springs National Park (Arkansas), Yellowstone National Park (Wyoming), Yosemite National Park (California), Grand Canyon National Park (Arizona) and Mount Hood National Forest (Oregon). Maximum mintage levels for the 2011 and future bullion coins have not yet been determined.
A numismatic version of the three-inch, five-ounce silver coins, also minted in .999 silver, will be available for purchase directly from the United States Mint during the first quarter of 2011. The maximum mintage for these collector versions is set at 135,000 units-27,000 units for each of the five 2010 coins. The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law. Additional information about the release date and pricing for the America the Beautiful Five Ounce Uncirculated Coins will be available at a future date.
Both the bullion and numismatic versions of these coins are legal tender and bear designs that are exact duplicates of those featured on coins released through the United States Mint America the Beautiful Quarters® Program. The fineness and weight are incused on the coins' edges. The bullion version, like its American Eagle Bullion Coin counterparts, will bear no mint mark. The numismatic version will bear the "P" mint mark of the United States Mint at Philadelphia.
Public Law 110-456, Title II-the "America's Beautiful National Parks Quarter Dollar Coin Act of 2008"-authorizes the United States Mint to mint and issue .999 fine silver bullion coins replicating each of the designs featured on the America the Beautiful Quarters in quantities the Secretary of the Treasury deems appropriate. The numismatic coins are being produced under authority 31 U.S.C. §5111(a) (3), which provides the Secretary of the Treasury with broad authority to design, produce and sell numismatic items.
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
Numismatic version? Odd it doesn't say what that is -- other than a P mintmark.
Both versions will be low mintages, I'm thinking demand will be high for the bullion coin as holiday gifts.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
<< <i>A numismatic version of the three-inch, five-ounce silver coins, also minted in .999 silver, will be available for purchase directly from the United States Mint during the first quarter of 2011. The maximum mintage for these collector versions is set at 135,000 units-27,000 units for each of the five 2010 coins. The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law. Additional information about the release date and pricing for the America the Beautiful Five Ounce Uncirculated Coins will be available at a future date. >>
Comments
<< <i>All that was said was "Soon." >>
This thread will be to 500 before "Soon" gets here!
2 weeks from tomorrow is Thanksgiving, we'll know by then.......I hope.
And we have a waiting list of 12 people for about 17 more sets of 5.
Can we hit 200, making it 2 boxes of each?
You're a glutten for punishment
Thanks again for doing this.
Please visit my website Millcitynumismatics.com
And, yes, this is going to be work if it goes through. The average is 1.9 per person. That's a lot of boxes.
Well, just Love coins, period.
<< <i>Any more word on these? There seems an almost strange mint silence on this issue of pucks... >>
As always, it is "The Mint vs. The Collectors."
<< <i>Any more word on these? There seems an almost strange mint silence on this issue of pucks... >>
The mint said they'd call me back when they have info on a release date.
There's not much time left.
<< <i>Capt. Is your store planning on getting any of these? >>
Yes, but we are not committing to anything until the Brain Trust at the Mint release some information about them.........
<< <i>
<< <i>Any more word on these? There seems an almost strange mint silence on this issue of pucks... >>
The mint said they'd call me back when they have info on a release date.
There's not much time left. >>
I'm still waiting for the Mint to call me back on a question I asked them back in 1977...............
surprise surprise.
This how I definitively know they don't definitively know anything.
I knew it would happen.
My guess was overheating. (Put it in a ZipLock, then into the freezer until ice cold, and it's back)
I have a new one on the way, just in case.
Also, just in case I'm not around to respond to PMs and posts here, the most likely culprit would be that "the router died." Hopefully the new one will be here sometime Tuesday.
Can I request 1 of each, for a total of 5 coins?
If I can request 1 of each, what is the approximate cost going to be?
Thanks,
Chris
Who knows what will happen to the 50k sold without a W via the bullion distribution market. These guys are not dumb, so I expect the price to be high for them as well. Time will tell. The bullion version must be sold in 2010, while the Numismatic version (if approved) can be sold later than that.
It will be interesting to watch this play out as any type collector must have one.
Well, just Love coins, period.
He also does a better job as Mint Spokesman than the Mint Spokesman.
<< <i>DeepCoin tends to be a reliable source.
He also does a better job as Mint Spokesman than the Mint Spokesman. >>
The Mint has a Spokesman? Who is it? The guy to the right on the Huguenot Half????
The only reason I can see for a high premium on the silver bullion is to cover minting problems.
But, as I have said in this thread before, I think the premium will be higher than on ASEs due to their production problems. However, that is my own guess.
BTW, the mint has internal target profit margins on products. Here is the 2009 Annual Report
Bullion:
Coins are sold to authorized purchasers at the same market price paid for the metal plus a premium to cover bullion program operating costs. Authorized purchasers agree to maintain an open, two-way market for these coins, assuring their liquidity. This allows the public to purchase and sell coins at the prevailing market price, adjusting for any premium the authorized purchaser applies. The purpose of the bullion program is to make precious metal coins available at minimal cost to investors. Consequently, the United States Mint manages the bullion program to a nominal net margin.
Numismatic:
A main objective of numismatic operations is to keep the sale price of products as low as practicable for customers. The program is managed to a 15 percent net margin overall to ensure sale prices are as low as practicable and returns are sufficient to fund numismatic operating costs.
<< <i>The numismatic version (not approved by the Secretary as of today) will most likely sell for 175 to 195 given the current price of silver. Given there will only be 25K of these, sold one at a time, sometime next year, I think they will sell out immediately and end up being 300 on the secondary market.
Who knows what will happen to the 50k sold without a W via the bullion distribution market. These guys are not dumb, so I expect the price to be high for them as well. Time will tell. The bullion version must be sold in 2010, while the Numismatic version (if approved) can be sold later than that.
It will be interesting to watch this play out as any type collector must have one. >>
Wait, what?
Is there two different versions of these?
there has been only talk of making a numismatic version.
<< <i>Press inquiries: Michael White (202) 354-7222
The only reason I can see for a high premium on the silver bullion is to cover minting problems.
But, as I have said in this thread before, I think the premium will be higher than on ASEs due to their production problems. However, that is my own guess.
BTW, the mint has internal target profit margins on products. Here is the 2009 Annual Report
Bullion:
Coins are sold to authorized purchasers at the same market price paid for the metal plus a premium to cover bullion program operating costs. Authorized purchasers agree to maintain an open, two-way market for these coins, assuring their liquidity. This allows the public to purchase and sell coins at the prevailing market price, adjusting for any premium the authorized purchaser applies. The purpose of the bullion program is to make precious metal coins available at minimal cost to investors. Consequently, the United States Mint manages the bullion program to a nominal net margin.
Numismatic:
A main objective of numismatic operations is to keep the sale price of products as low as practicable for customers. The program is managed to a 15 percent net margin overall to ensure sale prices are as low as practicable and returns are sufficient to fund numismatic operating costs. >>
As I mentioned on here a couple of weeks ago, I suspect that the reason the Mint recently raised the premium on the one ounce silver eagles by 50 cents an ounce was to pad the premiums on the hockey pucks and help them get back the cost of the monstrous press they had to buy to strike the hockey pucks.
TD
<< <i>...(not approved by the Secretary as of today)... there has been only talk of making a numismatic version. >>
I believe that "talk" is only for future years. The 2010 issues will likely only be issued as MS bullion. There isn't enough time to tool up and crank out some proofs for 2010. And once 2011 rolls around, you can say sayonara to striking 2010 coins (it's the law!)
I firmly believe the 2010 pucks may be the sleeper hit of the year. The well known problems striking them, the limited mintage, the late-in-the-year issue (if they ever get them out!) - it all adds up to a pretty good chance at a winner! JMHO, of course...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
We'll have MS hockey pucks for all years and PROOFs for all but one
We'll have Bullion SAEs for all years and PROOFs for all except 2009
We'll have Satin finish uncs for state quarters from 2005 to 2008, but not from 1999 to 2004
We'll have Satin finish national park quarters for 2010 but not for other years
It just goes on and on. I guess that's what makes this hobby interesting (or frustrating).
My Adolph A. Weinman signature
<< <i>A risk to any buyer -- you may get some blem's (or WOWSA's) with this deal. No whiners!
Chances are, even non-70's will prove their worth. I'll accept whatever is drawn. I trust the Ms will do right with this. >>
The wholesaler spoke to the mint 2 days ago.
There is still no release date for these things. Still!
Forget about pricing right now since the release date is not known.
Here's my guess: December 10th. Price: $180/ea.
Yup. Fedex is the reason I got a PO Box.
<< <i>Will the price be set by the mint or by individual sellers? Surely the sellers...so there won't be one set price. >>
The mint will have their price and the sellers will have their markup over that.
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
I knew it would happen.
after that sales can take place whenever they take place.
<< <i>the mint only has to get them to their wholesalers by the end of the year. after that sales can take place whenever they take place. >>
Yes, understood. The point I was trying to make is that with the holiday season and associated time off, there aren't a lot of working days left between now and the "effective" end of the year to pump these things out. The silence from the mint on these is almost deafening!!!
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
But who knows. Many thought Dcarr was in jail but his sentence was only two week of vacation. Perhaps they are still minting these things and want to push out as many as they can at once.
If they are going to wait until the last minute to push these out, I wish they'd tell us now.
Mint Release:
December 1, 2010
United States Mint America the Beautiful Silver Bullion Coins™ Available December 6
Numismatic versions of the coins will be available in first quarter of 2011
WASHINGTON - The United States Mint is pleased to announce the release of its new America the Beautiful Silver Bullion Coins on December 6. The three-inch, five-ounce silver coins-the first of their kind produced by the United States Mint-are investment-grade coins with weight, content and purity guaranteed by the U.S. government. The coins are struck in .999 fine silver.
The United States Mint America the Beautiful Silver Bullion Coins will be available through an established network of Authorized Purchasers that will in turn make them available on the secondary market. To find a bullion retailer, visit http://www.usmint.gov/bullionretailer or call 1-800-USA-GOLD (872-4653). The cost of the coins will be determined by the current market price of silver plus a moderate premium to cover minting, distribution and marketing costs.
The maximum first year mintage for the America the Beautiful Silver Bullion Coins is 165,000 units--33,000 units for each of the five coins issued in 2010 in honor of Hot Springs National Park (Arkansas), Yellowstone National Park (Wyoming), Yosemite National Park (California), Grand Canyon National Park (Arizona) and Mount Hood National Forest (Oregon). Maximum mintage levels for the 2011 and future bullion coins have not yet been determined.
A numismatic version of the three-inch, five-ounce silver coins, also minted in .999 silver, will be available for purchase directly from the United States Mint during the first quarter of 2011. The maximum mintage for these collector versions is set at 135,000 units-27,000 units for each of the five 2010 coins. The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law. Additional information about the release date and pricing for the America the Beautiful Five Ounce Uncirculated Coins will be available at a future date.
Both the bullion and numismatic versions of these coins are legal tender and bear designs that are exact duplicates of those featured on coins released through the United States Mint America the Beautiful Quarters® Program. The fineness and weight are incused on the coins' edges. The bullion version, like its American Eagle Bullion Coin counterparts, will bear no mint mark. The numismatic version will bear the "P" mint mark of the United States Mint at Philadelphia.
Public Law 110-456, Title II-the "America's Beautiful National Parks Quarter Dollar Coin Act of 2008"-authorizes the United States Mint to mint and issue .999 fine silver bullion coins replicating each of the designs featured on the America the Beautiful Quarters in quantities the Secretary of the Treasury deems appropriate. The numismatic coins are being produced under authority 31 U.S.C. §5111(a) (3), which provides the Secretary of the Treasury with broad authority to design, produce and sell numismatic items.
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Both versions will be low mintages, I'm thinking demand will be high for the bullion coin as holiday gifts.
<< <i>A numismatic version of the three-inch, five-ounce silver coins, also minted in .999 silver, will be available for purchase directly from the United States Mint during the first quarter of 2011. The maximum mintage for these collector versions is set at 135,000 units-27,000 units for each of the five 2010 coins. The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law. Additional information about the release date and pricing for the America the Beautiful Five Ounce Uncirculated Coins will be available at a future date. >>
Cool!!!
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
<< <i>I think demand will be NUTZ! >>
I agree!