I have the feeling the markup over melt will be fairly high due to the novelty of a new issue, especially considering it will be heavily promoted to the non-numismatic community and it will be the largest and heaviest coin ever produced by the U.S. I'll be looking for them on the secondary market at a price closer to melt.
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 just read in 8-16-10 Coin World 500,000 to be minted.
No release date mentioned. Before end of 2010 is all it states. >>
Yup..just finished reading the same article. It did not specify if that number is for each round or a total for all 5 rounds issued this year. If its a combined total, these will be somewhat scarce for a silver bullion issue.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Coin World Online is reporting that the Mint says it expects to be able to strike up to 500,000 of the five ounce silver ATB hockey pucks by the end of the year. Division of the 500,000 by state will depend on how many of each get ordered. Thus, the ugly Arkansas could be a low mintage. . No word on pricing or when they will be released. 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.
Will you be able to buy them from the mint? My understanding was that these coins will be sold through the same distribution channels as the 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
<< <i>Will you be able to buy them from the mint? My understanding was that these coins will be sold through the same distribution channels as the ASE's. >>
Your understanding is correct.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Will you be able to buy them from the mint? My understanding was that these coins will be sold through the same distribution channels as the ASE's. >>
Your understanding is correct. >>
Would it be safe to assume the % markup over melt will be similar to the ASE's? In other words, the mint should sell them to the distributers for around what they charge them for five ASE's. If so, any price gouging on the part of the retailers should be readily apparent.
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>Imagine how heavy a Whitman, Eagle or Dansco album(s) will be with a full series....250 ounces!
"You'd like to see my collection? Sure, wait a few minutes while I go pull out the forklift......" >>
A bit of an exaggeration, don't you think? A hand truck should be more than adequate.
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>500,000 of them!?!?! That seems like a lot, doesn't it? >>
Not to me, through August they've minted 21,425,000 SAEs, so 500,000 seems tiny. >>
I suspect a quick sell out. >>
That's about 120,000 per design. It's a lot compared to recent gold and plat W eagles but not the silver eagles including the 06-08 W's. We could have a wiener.
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 STILL want to know what the price is on these. Is anyone on the boards a direct dealer for these? I'd rather help a board member out than some big company.
Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
<< <i>I STILL want to know what the price is on these. Is anyone on the boards a direct dealer for these? I'd rather help a board member out than some big company. >>
Dooh...I don't think so....here are the requirements...You're just gonna have to deal with a "Capitalist Pig"
BTW ...the price is dictated on spot + a premium when the "Authorized Purchasers" place and order, and it appears the Mint as of now is not ready to deal.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Can we assume if they prove to be very popular, the retail dealers that buy them from the distributers will add a healthy markup?
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>Can we assume if they prove to be very popular, the retail dealers that buy them from the distributers will add a healthy markup? >>
Yes ... but don't forget, they need to compete, as such the mark up will be only somewhat above normal. I would think in the $4 - $5 per oz above spot range.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
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.
Hey Capt. I'm interested in buying 5 of each raw. I heard that they will come in a tube of either 5 or 10? Do you guys think kthey will release each at the same time or one at a time?
<< <i>Hey Capt. I'd interested in buying 5 of each raw. I heard that they will come in a tube of either 5 or 10? Do you guys think kthey will release each at the same time or one at a time? >>
Don't know how many to a tube or what the release schedule is. The Mint thinks its working on the blankety-blank-blank Manhattan Project......
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>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
For a 69 I'd probably pay an extra $5. 70 who knows obviously, maybe $40~, but at 69 I'd pay small bump for the plastic tomb and that's it. 68 I'd say would be a cost wash - I would not pay any more than the raw price.
I'd definitely be interested in a tube, if they fit 5, and I could get one of each design to fill the tube each year. That's what I'd like to see, and buy at one-shot this year for sure if they're all coming out at the same time.
If the tubes fit 10, I'd still like the first 5 in a tube, and would add next years 5 to the tube. Wash/rinse/repeat for the life cycle.
Considering the size of these coins, I get the feeling 70's will be extremely rare. With that much surface area there is most likely to be a small tick visible somewhere on the surface of the coin.
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>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
I wont be buying these slabbed. No, I wont pay more for a slabbed one. The market will be looking for 69s and 70s (but as someone already noted 70s will be rare). I will lean towards buying a Mint tube and not one in a flip. Unless it's a nice one, I would buy the capsule but not the coin.
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
<< <i>Considering NGC charges an extra $25 for the oversize holder, I doubt there will be that many slabbed LINK >>
That's the regular price plus a $25 surcharge for the big bertha holder. You're right.......we ain't gonna slab many!!! 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>Has anyone seen any updates on release dates or pricing on these? You would think they are being produced by the CIA (unless i am missing something). >>
Cue the Eurythmics' "It's A Secret!"
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.
"An exact date has not been provided for their release, although U.S. Mint spokesman Michael White said on August 11 that they expected to begin producing the 3-inch diameter, .999 fine silver coins in the fall."
I'd say Capt Henway would be one of the first to know they are ready if he is an authorized dealer.
Update from Dave Harper's blog. It seems that the US Mint want to sell directly those bullions.Will the premium be higher? They are also thinking to produce Uncirculated and Proof too!
<< <i>"An exact date has not been provided for their release, although U.S. Mint spokesman Michael White said on August 11 that they expected to begin producing the 3-inch diameter, .999 fine silver coins in the fall."
I'd say Capt Henway would be one of the first to know they are ready if he is an authorized dealer. >>
We are not an authorized dealer; there are only 13 or 14 authorized dealers for the American Eagle program.
We buy directly from one of the authorized dealers. They still don't have any details on the program.
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.
Comments
I do have my alerts ready though
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
Loves me some shiny!
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
No release date mentioned. Before end of 2010 is all it states.
<< <i>I just read in 8-16-10 Coin World 500,000 to be minted.
No release date mentioned. Before end of 2010 is all it states. >>
Yup..just finished reading the same article. It did not specify if that number is for each round or a total for all 5 rounds issued this year. If its a combined total, these will be somewhat scarce for a silver bullion issue.
able to strike up to 500,000 of the five ounce silver ATB hockey pucks
by the end of the year. Division of the 500,000 by state will depend
on how many of each get ordered. Thus, the ugly Arkansas could be a
low mintage.
.
No word on pricing or when they will be released.
TD
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>Will you be able to buy them from the mint? My understanding was that these coins will be sold through the same distribution channels as the ASE's. >>
Your understanding is correct.
<< <i>
<< <i>Will you be able to buy them from the mint? My understanding was that these coins will be sold through the same distribution channels as the ASE's. >>
Your understanding is correct. >>
Would it be safe to assume the % markup over melt will be similar to the ASE's? In other words, the mint should sell them to the distributers for around what they charge them for five ASE's. If so, any price gouging on the part of the retailers should be readily apparent.
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
If it weren't for the fact that the Arkansas is the first issue of the series, I'd almost bet that it would be the key, due to it's "design".
I knew it would happen.
"You'd like to see my collection? Sure, wait a few minutes while I go pull out the forklift......"
I knew it would happen.
<< <i>Imagine how heavy a Whitman, Eagle or Dansco album(s) will be with a full series....250 ounces!
"You'd like to see my collection? Sure, wait a few minutes while I go pull out the forklift......"
A bit of an exaggeration, don't you think? A hand truck should be more than adequate.
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>500,000 of them!?!?! That seems like a lot, doesn't it? >>
Not to me, through August they've minted 21,425,000 SAEs, so 500,000 seems tiny.
<< <i>
<< <i>500,000 of them!?!?! That seems like a lot, doesn't it? >>
Not to me, through August they've minted 21,425,000 SAEs, so 500,000 seems tiny. >>
I suspect a quick sell out.
<< <i>
<< <i>
<< <i>500,000 of them!?!?! That seems like a lot, doesn't it? >>
Not to me, through August they've minted 21,425,000 SAEs, so 500,000 seems tiny. >>
I suspect a quick sell out. >>
That's about 120,000 per design. It's a lot compared to recent gold and plat W eagles but not the silver eagles including the 06-08 W's. We could have a wiener.
<< <i>Um......500,000 divided by 5 is.......... >>
Homer-"stupid brain."
Renman-"what brain."
<< <i>I STILL want to know what the price is on these. Is anyone on the boards a direct dealer for these? I'd rather help a board member out than some big company. >>
Dooh...I don't think so....here are the requirements...You're just gonna have to deal with a "Capitalist Pig"
Authorized Purchaser Requirement
BTW ...the price is dictated on spot + a premium when the "Authorized Purchasers" place and order, and it appears the Mint as of now is not ready to deal.
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>Can we assume if they prove to be very popular, the retail dealers that buy them from the distributers will add a healthy markup? >>
Yes ... but don't forget, they need to compete, as such the mark up will be only somewhat above normal. I would think in the $4 - $5 per oz above spot range.
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD
I'm interested in buying 5 of each raw. I heard that they will come in a tube of either 5 or 10?
Do you guys think kthey will release each at the same time or one at a time?
Overdate, BestMR, Weather11AM, TDEC1000, Carew4me, BigMarty58, Coinsarefun, Golfer72, UnknownComic, DMarks, JFoot13, ElKevvo, Truthteller, Duxbutt, TwoSides2aCoin, PerryHall, mhammerman, Papabear, Wingsrule, WTCG, MillerJW, Ciccio, zrlevin, dantheman984, tee135, jdimmick, gsa1fan, jmski52, SUMORADA, guitarwes, bstat1020, pitboss, meltdown, Schmitz7, 30AnvZ28, pragmaticgoat, wondercoin & MkMan123
<< <i>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
I'd prefer for it to come in a capsule and would pay extra.
<< <i>
<< <i>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
I'd prefer for it to come in a capsule and would pay extra. >>
They definitely need to be put in a capsule. The Y65 airtite won't fit, right?
<< <i>They definitely need to be put in a capsule. The Y65 airtite won't fit, right? >>
No, but this one might: 1 lb. Silver Round 3.5" - 0.282" capsule...( might be to big?)
Or this one by coinsafe: ebay CoinSafe
<< <i>Hey Capt.
I'd interested in buying 5 of each raw. I heard that they will come in a tube of either 5 or 10?
Do you guys think kthey will release each at the same time or one at a time? >>
Don't know how many to a tube or what the release schedule is.
The Mint thinks its working on the blankety-blank-blank Manhattan Project......
<< <i>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
For a 69 I'd probably pay an extra $5. 70 who knows obviously, maybe $40~, but at 69 I'd pay small bump for the plastic tomb and that's it. 68 I'd say would be a cost wash - I would not pay any more than the raw price.
I'd definitely be interested in a tube, if they fit 5, and I could get one of each design to fill the tube each year. That's what I'd like to see, and buy at one-shot this year for sure if they're all coming out at the same time.
If the tubes fit 10, I'd still like the first 5 in a tube, and would add next years 5 to the tube. Wash/rinse/repeat for the life cycle.
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>A question.......we will be selling these. Do you think they will sell better if they are slabbed first?
In other words, will you be willing to pay more to buy a slabbed one?
What is the lowest slab grade that the market will bear?
Will you be willing to buy a raw one and take what you get in a flip?
If somebody offers to make and sell them, will you be willing to pay extra to receive a raw one in a plastic capsule?
TD >>
I wont be buying these slabbed.
No, I wont pay more for a slabbed one.
The market will be looking for 69s and 70s (but as someone already noted 70s will be rare).
I will lean towards buying a Mint tube and not one in a flip.
Unless it's a nice one, I would buy the capsule but not the coin.
I would think these would track those and I don't see that many.
R
Loves me some shiny!
I would want one to be in a capsule. Either that, or buy the roll.
<< <i>Considering NGC charges an extra $25 for the oversize holder, I doubt there will be that many slabbed LINK >>
That's the regular price plus a $25 surcharge for the big bertha holder.
You're right.......we ain't gonna slab many!!!
TD
<< <i>Has anyone seen any updates on release dates or pricing on these? You would think they are being produced by the CIA (unless i am missing something). >>
Cue the Eurythmics' "It's A Secret!"
I'd say Capt Henway would be one of the first to know they are ready if he is an authorized dealer.
Loves me some shiny!
It seems that the US Mint want to sell directly those bullions.Will the premium be higher?
They are also thinking to produce Uncirculated and Proof too!
Proof five ouncers?
<< <i>"An exact date has not been provided for their release, although U.S. Mint spokesman Michael White said on August 11 that they expected to begin producing the 3-inch diameter, .999 fine silver coins in the fall."
I'd say Capt Henway would be one of the first to know they are ready if he is an authorized dealer. >>
We are not an authorized dealer; there are only 13 or 14 authorized dealers for the American Eagle program.
We buy directly from one of the authorized dealers. They still don't have any details on the program.
TD