<< <i> Great! Good news for collectors! Unlike the coins coming through the distribution channels, these won't be already cherry picked for the high grade MS69/70's. Also, it's likely to be priced at a lower markup than the price gougers are currently charging. >>
If you believe that, well, I've got a bridge that's for sale in Brooklyn >>
Do you really think the mint will sell these for twice of melt like APMEX? >>
I suspect that the pricing will not be as "bullion products", but similar parameters as proof or unc. commemorative items. On the other hand...who knows...silver may be up to $40 oz by the time the Mint decides to unload. >>
Wern't the 2010 proof silver eagles priced at about double melt when the price first came out? TD
Edited to add "2010"
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>Wern't the proof silver eagles priced at about double melt when the price first came out? >>
I believe so .... In addition the W Bullion ASE's also had or have a substantial mark-up. Now if the "pucks" were 1 oz & selling for $57, I don't think we'd have much of a discussion.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>If the price of silver remains relatively stable through the release on the collector versions by the USMint, I foresee the bullion pieces taking a hit in price if the Mint's premium is around 30%. I'm assuming a collector version will look the same as the bullion piece except for a "P" mintmark, so with that in mind, it's easy to imagine that a collector set selling for $975 is going to have consequences for the bullion set that sells for $1395. >>
The one without the "P" mintmark will be easily differentiated from the mintmarked one and will be in greater demand, perhaps keeping its price premium.
I was thinking... wasn't it the intent of the bullion version to also be sold at the National Park it represented ? I thought I read about this before talk of the collector version...
Also if they sold the 'collector' version directly from the mint (or lets say the NP) couldn't they make this in a sense a "commem" and deploy a surcharge ?
Maybe I just need some more coffee ( its only 8:30 here)
<< <i>$300/per to start...no way I'm in. Especially when the 2011 and 2012 will be closer to spot, guaranteed. >>
Well APMEX is now sold out so you will have to wait. >>
I was wanting these to stack at a slight premium/oz. These got bigger than Aussie or Libs or Pandas, forget it, sorry. I'll see if I can get some off the mint website, but $60/oz from the get go, totally not worth it.
<< <i>the USM will definitely sell their RARER issue for less, it will not be that high of a markup (as long as silver stays where it is today) >>
I hope that prediction of yours is more accurate than the Buchanan was. As an example, the Mint sold the proof 2010 ASE's when first issued, at 2 x spot. ( silver spot was $22 .. issue price $46, but you did get a presentation case ) I suspect that they will also reprice their ASE's higher next year.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>US Mint reported today,........buy 25 hockey pucks and get a genuine hockey stick.
Of course, If you believe this, you would believe almost anything. >>
Get the net........
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.
Here's an idea......the GSA will auction off the 2010-P hockey pucks in 4x6 black boxes..........
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>Where's the Weiner on this? Our Protector? Oh, maybe Apmex isn't advertising on Glen Beck or Fox. >>
Funny comrade. I mentioned across the hallway that this may be the only time I agree with Dear Leader when talking to Joe Plumber in "spreading the wealth."
$60/oz ??? I think someones playing the flippers margin mighty thin and just bending the collector over. I'll just buy a oz. of gold. Or a few more solar panels.
Regardless of their original intent, these pieces have as much to do with bullion as the reverse proof gold and silver eagles had to do with bullion.
An incomplete list of reasons why I bought a set at its high offer price, and why I'm willing to sell it now for considerably more:
1. The entire APMEX allocation, 1,000 sets, sold out in less than a day. 2. The US has never made a 5-oz coin before. 3. There will only be 33,000 pieces of each type struck--instantly making all five pieces some of the most rare coins struck in modern history. 4. The Mint has only 3 weeks in which to produce all 33,000 pieces--on equipment it's never had or used before--meaning it may not happen. So these could potentially be even more rare than the extremely small 33,000 run. 5. A dozen sets have already sold on eBay for prices approaching what I've offered my set for ($1600 to $1800) 6. The potential interest in these sets is huge. Nobody took family vacations to "gold american eagle". Nobody proposed to their girlfriend at "roll of SAE" park. 7. Hype. Hype always drives up price. Whether it drives up value is another story. But for now, these sets are sold out, in demand, and burning up.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
I don't have any problems with Forum members getting their share of the short term profits. Before the silver bull market is over, these will be in the melt pile just like most other promoted silver products. In the end, it is just all silver bullion.
I'm actually relieved that I didn't buy any. I feel like I don't have to play "chase the rabbit" with this one. It's a front-end loaded clusterjob, and I'll never recommend Apmex to anyone ever again.
I'm still intrigued about having a few 5 ozers, and I am CERTAIN that I'll have plenty of chances to own some. I probably won't ever decide to pay a huge premium for the "rare" ones. Que sera, sera. I'm going to consider these coins as bullion and buy them if and when they are sold as bullion, but not until.
Another interesting aspect to this deal is that it has shone the light brightly on the Mint's distributor network and also the secondary Mint dealers. The only distributor to offer these coins to the public directly has been Apmex, and I am betting even money that it stays that way. I'm thinking that the distributors will want to stay in the shadows and well back from the limelight because of all the bad PR. Nevertheless, if the Mint is charging them $9.75/coin over melt, who is making all the money? Who's making the additional $122.35 or more per coin for this "bullion issue"? It will be interesting to track.
It appears that the ghost of Goldman Sachs has been recreated in the Mint Bullion Distribution system. Per the authorizing legislation, this is a bullion program that is supposed to offer coins to the public at market rates. That didn't happen. To the contrary, this has become a fleecing of the public in the most obvious ways. As long as there is a functional private bullion market to provide competition, this type of ripoff will always stand out like a Bernie Madoff in an orange jumpsuit.
And if you bought some of these coins at those prices, I hope you make a million bucks! I suspect you won't (because Apmex already made it), but good luck anyway.
Q: Are You Printing Money? Bernanke: Not Literally
Blame Congress for mandating that the series start this year, before the Mint was ready to do so. Imagine if they had been able to do all their r&d this year, and launch the program January 3, 2011, with unlimited sales for the next twelve months. 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 REALLY wanted 1/ea of all of these, at the $5/oz speculated HIGH premium from what we were all thinking in the old threads, as a way to stack 25oz of interesting bullion. We'll see how I do from the mint, if I do, but man the flip game on these is too out of hand from the get-go for me to even think about it. More power to the buyers/players now.
I really would not miss the boat on these. The hard truth is that you need to lose your fixation with the Bullion tag on these first 5, 33,000 = Low mintage set busters if you dont get them now. BTW, the 33,000 are all pressed. (Remember the law the states that both versions MUST be STRUCK this year) Right now they are pressing the Unc version @ 27,000 each for 1st quarter.
<< <i>I really would not miss the boat on these. The hard truth is that you need to lose your fixation with the Bullion tag on these first 5, 33,000 = Low mintage set busters if you dont get them now. . >>
These are big ASE uncs to me and always will be, as they were intended.
How soon before we see the 'aftermarket' copies of these? Like the big 4+/oz ASEs you can find everywhere.
Weiss .... your crystal ball has been 100% accurate this year and I suspect we will not see much of a break on price for the "collectors" version from the Mint. A lot depends if they decide to produce a "proof" version, if so expect to pay at least 2 x melt or greater. The MS versions will probably have a similar mark-up as the W unc. ASE's (50 - 60%) Anyone who thinks that the Mint is going to offer the collectors version at spot + $3 per oz, is dreaming.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Are these pucks packaged in rolls like eagles or individual airtites?
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
I mailed my money order off this morning... I'm not sure just yet if I'm flipping the set or keeping it. I only really wanted the Mt. Hood version. My thinking is that I can likely sell off the other 4 and bring my cost on the one puck I'd like to keep down closer to melt. I'll be totaly happy keeping the Northwest puck as fancy bullion.
<< <i>I think APMEX receives them as rolls of 10 for each type. Not sure how they will ship them once they pluck one from each roll(?) >>
Just in case ... I purchased some 3" ( supposed to hold 5 oz Rounds ) holders...
If Silver continues it modest daily upward movement, the $1395 cost for the pucks, may be a bargain by the time the Mint decides to unload their version.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right?
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
<< <i>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
OK, just to check the situation here. The initial issue of pucks will go to registered dealers only and these are the uncs.? In February, the "collector" versions of the pucks will be available to the public via the web site? So, if I want some now, I have to go through a dealer? I did not see the ones being released today available on their website...do I have this right?
<< <i>OK, just to check the situation here. The initial issue of pucks will go to registered dealers only and these are the uncs.? In February, the "collector" versions of the pucks will be available to the public via the web site? So, if I want some now, I have to go through a dealer? I did not see the ones being released today available on their website...do I have this right? >>
If you want some now...you need to find a dealer. If you're willing to wait until the first quarter of next year, they will be available on the Mints website... ( No release date has been published, that's why you don't see them on the Mints page.)
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one >>
The U.S. Mint did strike 1964-D silver dimes, quarters and halves in calendar years 1964 and 1965, and one of the denominations (I think dimes, but am not sure; might have been halves) into calendar year 1966. However, they were specifically authorized by Congress to do so. 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>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one >>
The U.S. Mint did strike 1964-D silver dimes, quarters and halves in calendar years 1964 and 1965, and one of the denominations (I think dimes, but am not sure; might have been halves) into calendar year 1966. However, they were specifically authorized by Congress to do so. TD >>
I don't believe it was the 90% silver $.50. I could be wrong, but it would make no sense to produce them after congress "wined" about a silver shortage.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
If we look at the numbers then I doubt they can make more 2010 next year and also make enough 2011 coins because they can only do 100,000 coins a month maximum according to that article.
At 100,000 a month for 9 months that is only 180,000 sets which they have to split between bullion and P versions.
So next year we might see 130,000 bullion sets and 50,000 P sets.
Today, we received the following notice from the United States Mint…
"The United States Mint issued a press release on December 1, 2010, announcing the December 6, 2010, availability of the 2010 America the Beautiful Ounce Silver Bullion Coins through the established network of Authorized Purchasers who, in turn, would make them available on the secondary market. Due to the limited availability of the 2010 America the Beautiful Silver Bullion Coin coins, public anticipation has been extremely strong. Since the press release was issued, the United States Mint has received numerous calls and inquiries from the public regarding premiums being charged for these coins. As a result, we are delaying the launch of this program. No America the Beautiful Ounce Silver Bullion Coins orders will be confirmed today."
You are receiving this notice because you have an existing order with this item in it. We ask the following:
1. Since you have placed an order with APMEX for these coins, we will honor our orders providing the US Mint makes these coins available to us. Should the mint change their method of distribution (Not selling to Authorized Purchasers) and do not provide coins to us, we will have no choice but to cancel the order and provide a full refund.
2. If you would like to cancel your order, you are welcome to reply to this email and let us know.
a. If you have selected to pay by credit card, we will be happy to credit your card back. b. If you have mailed in your check, please let us know and we will return your payment.
3. If you would like to keep your order, there is nothing you have to do. We will let you know when we have more information.
We apologize for this issue and wish there was something more we could do at this point. The US Mint has created a fantastic product. However, because of the complexity of manufacturing the coin and the available time during the 2010 year to produce the coins, the mintage (33,000 each) is more like a numismatic rarity than a bullion coin. We will continue to keep you informed.
Jana Hale Customer Service Manager American Precious Metals Exchange 226 Dean A. McGee Avenue Oklahoma City, Oklahoma 73102 (405) 595-2100
"If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
<< <i>I sent my money off to APMEX first thing this morning. I hope the mint doesn't pull the rug out from underneath this deal. >>
They have. You should have gotten an email from APMEX. They said that they would honor the 1,000 set sales they made if they receive coins from the Mint. No word on price adjustments (up or down).
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.
It remains to be seen what the course of action will be. A direct sale of bullion pucks? I don't think they can do that w/o Congressional approval. Is Congress busy right now?
Comments
<< <i>
<< <i>
<< <i>
<< <i> Great! Good news for collectors! Unlike the coins coming through the distribution channels, these won't be already cherry picked for the high grade MS69/70's. Also, it's likely to be priced at a lower markup than the price gougers are currently charging. >>
If you believe that, well, I've got a bridge that's for sale in Brooklyn
Do you really think the mint will sell these for twice of melt like APMEX? >>
I suspect that the pricing will not be as "bullion products", but similar parameters as proof or unc. commemorative items. On the other hand...who knows...silver may be up to $40 oz by the time the Mint decides to unload. >>
Wern't the 2010 proof silver eagles priced at about double melt when the price first came out?
TD
Edited to add "2010"
Yogi Berra
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Wern't the proof silver eagles priced at about double melt when the price first came out? >>
I believe so .... In addition the W Bullion ASE's also had or have a substantial mark-up. Now if the "pucks" were 1 oz & selling for $57, I don't think we'd have much of a discussion.
<< <i>2 sets have already sold on ebay for 1725.00 and a single coin for 299.99, let the gouging begin. >>
looks like this number is up to 30+ sold now on eBay between $1,715 to $1,749...I bet apmex is sold out pretty soon.
<< <i>If the price of silver remains relatively stable through the release on the collector versions by the USMint, I foresee the bullion pieces taking a hit in price if the Mint's premium is around 30%. I'm assuming a collector version will look the same as the bullion piece except for a "P" mintmark, so with that in mind, it's easy to imagine that a collector set selling for $975 is going to have consequences for the bullion set that sells for $1395. >>
The one without the "P" mintmark will be easily differentiated from the mintmarked one and will be in greater demand, perhaps keeping its price premium.
<< <i>I just booked a pre-order through apmex for the set of 5... total was $1,419.
Apmex says they expect them to ship by Dec. 17th.
Anybody else doing this tonight? >>
Got one set this am
Also if they sold the 'collector' version directly from the mint (or lets say the NP) couldn't they make this in a sense a "commem" and deploy a surcharge ?
Maybe I just need some more coffee ( its only 8:30 here)
<< <i>$300/per to start...no way I'm in. Especially when the 2011 and 2012 will be closer to spot, guaranteed. >>
Well APMEX is now sold out so you will have to wait.
<< <i>
<< <i>$300/per to start...no way I'm in. Especially when the 2011 and 2012 will be closer to spot, guaranteed. >>
Well APMEX is now sold out so you will have to wait. >>
I was wanting these to stack at a slight premium/oz. These got bigger than Aussie or Libs or Pandas, forget it, sorry. I'll see if I can get some off the mint website, but $60/oz from the get go, totally not worth it.
it would be nice if they did a set of 5.......so you dont have to put all 5 separate coins in your cart.....
the USM will definitely sell their RARER issue for less, it will not be that high of a markup (as long as silver stays where it is today)
Of course, If you believe this, you would believe almost anything.
Camelot
<< <i>the USM will definitely sell their RARER issue for less, it will not be that high of a markup (as long as silver stays where it is today) >>
I hope that prediction of yours is more accurate than the Buchanan was. As an example, the Mint sold the proof 2010 ASE's when first issued, at 2 x spot. ( silver spot was $22 .. issue price $46, but you did get a presentation case
<< <i>US Mint reported today,........buy 25 hockey pucks and get a genuine hockey stick.
Of course, If you believe this, you would believe almost anything.
Get the net........
I knew it would happen.
<< <i>Where's the Weiner on this? Our Protector? Oh, maybe Apmex isn't advertising on Glen Beck or Fox. >>
Funny comrade. I mentioned across the hallway that this may be the only time I agree with Dear Leader when talking to Joe Plumber in "spreading the wealth."
I think someones playing the flippers margin mighty thin and just bending the collector over. I'll just buy a oz. of gold. Or a few more solar panels.
An incomplete list of reasons why I bought a set at its high offer price, and why I'm willing to sell it now for considerably more:
1. The entire APMEX allocation, 1,000 sets, sold out in less than a day.
2. The US has never made a 5-oz coin before.
3. There will only be 33,000 pieces of each type struck--instantly making all five pieces some of the most rare coins struck in modern history.
4. The Mint has only 3 weeks in which to produce all 33,000 pieces--on equipment it's never had or used before--meaning it may not happen. So these could potentially be even more rare than the extremely small 33,000 run.
5. A dozen sets have already sold on eBay for prices approaching what I've offered my set for ($1600 to $1800)
6. The potential interest in these sets is huge. Nobody took family vacations to "gold american eagle". Nobody proposed to their girlfriend at "roll of SAE" park.
7. Hype. Hype always drives up price. Whether it drives up value is another story. But for now, these sets are sold out, in demand, and burning up.
--Severian the Lame
<< <i>So we have a 25:1 silver/gold ratio now....I'll trade 25oz of my silver for an ounce of gold! Any takers? Ha >>
Matter of fact you do...I'll trade your 5 x 5 oz 1998, 2001-2003 Libertad proof's for 1 oz gold.
roadrunner
I'm still intrigued about having a few 5 ozers, and I am CERTAIN that I'll have plenty of chances to own some. I probably won't ever decide to pay a huge premium for the "rare" ones. Que sera, sera. I'm going to consider these coins as bullion and buy them if and when they are sold as bullion, but not until.
Another interesting aspect to this deal is that it has shone the light brightly on the Mint's distributor network and also the secondary Mint dealers. The only distributor to offer these coins to the public directly has been Apmex, and I am betting even money that it stays that way. I'm thinking that the distributors will want to stay in the shadows and well back from the limelight because of all the bad PR. Nevertheless, if the Mint is charging them $9.75/coin over melt, who is making all the money? Who's making the additional $122.35 or more per coin for this "bullion issue"? It will be interesting to track.
It appears that the ghost of Goldman Sachs has been recreated in the Mint Bullion Distribution system. Per the authorizing legislation, this is a bullion program that is supposed to offer coins to the public at market rates. That didn't happen. To the contrary, this has become a fleecing of the public in the most obvious ways. As long as there is a functional private bullion market to provide competition, this type of ripoff will always stand out like a Bernie Madoff in an orange jumpsuit.
And if you bought some of these coins at those prices, I hope you make a million bucks! I suspect you won't (because Apmex already made it), but good luck anyway.
I knew it would happen.
TD
The hard truth is that you need to lose your fixation with the Bullion tag on these first 5, 33,000 = Low mintage set busters if you dont get them now.
BTW, the 33,000 are all pressed. (Remember the law the states that both versions MUST be STRUCK this year)
Right now they are pressing the Unc version @ 27,000 each for 1st quarter.
Loves me some shiny!
<< <i>I really would not miss the boat on these.
The hard truth is that you need to lose your fixation with the Bullion tag on these first 5, 33,000 = Low mintage set busters if you dont get them now.
. >>
These are big ASE uncs to me and always will be, as they were intended.
How soon before we see the 'aftermarket' copies of these? Like the big 4+/oz ASEs you can find everywhere.
For the record: my interest in these pieces and this series is such that I'll be happy to keep them for what I paid for them.
But supply is tight. And if someone else wants them for significantly more than I paid for them, I'll sell them. It's that simple.
--Severian the Lame
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Not sure how they will ship them once they pluck one from each roll(?)
Loves me some shiny!
I only really wanted the Mt. Hood version. My thinking is that I can likely sell off the other 4 and bring my cost
on the one puck I'd like to keep down closer to melt. I'll be totaly happy keeping the Northwest puck as fancy bullion.
Click on this link to see my ebay listings.
<< <i>I think APMEX receives them as rolls of 10 for each type.
Not sure how they will ship them once they pluck one from each roll(?) >>
Just in case ... I purchased some 3" ( supposed to hold 5 oz Rounds ) holders...
If Silver continues it modest daily upward movement, the $1395 cost for the pucks, may be a bargain by the time the Mint decides to unload their version.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
<< <i>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one
<< <i>OK, just to check the situation here. The initial issue of pucks will go to registered dealers only and these are the uncs.? In February, the "collector" versions of the pucks will be available to the public via the web site? So, if I want some now, I have to go through a dealer? I did not see the ones being released today available on their website...do I have this right? >>
If you want some now...you need to find a dealer. If you're willing to wait until the first quarter of next year, they will be available on the Mints website... ( No release date has been published, that's why you don't see them on the Mints page.)
<< <i>
<< <i>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one >>
The U.S. Mint did strike 1964-D silver dimes, quarters and halves in calendar years 1964 and 1965, and one of the denominations (I think dimes, but am not sure; might have been halves) into calendar year 1966. However, they were specifically authorized by Congress to do so.
TD
<< <i>
<< <i>
<< <i>I would guess that if demand is really big the Mint will apply to Congress to keep producing 2010-dated pucks into 2011, until most of the collector premium is destroyed. 1964-dated JFKs were produced for three years, right? >>
Not so...different laws are in play here & the 64 JFK were not produced for 3 years...you're thinking perhaps of the 1976 bicentennial one >>
The U.S. Mint did strike 1964-D silver dimes, quarters and halves in calendar years 1964 and 1965, and one of the denominations (I think dimes, but am not sure; might have been halves) into calendar year 1966. However, they were specifically authorized by Congress to do so.
TD >>
I don't believe it was the 90% silver $.50. I could be wrong, but it would make no sense to produce them after congress "wined" about a silver shortage.
At 100,000 a month for 9 months that is only 180,000 sets which they have to split between bullion and P versions.
So next year we might see 130,000 bullion sets and 50,000 P sets.
Today, we received the following notice from the United States Mint…
"The United States Mint issued a press release on December 1, 2010, announcing the December 6, 2010, availability of the 2010 America the Beautiful Ounce Silver Bullion Coins through the established network of Authorized Purchasers who, in turn, would make them available on the secondary market. Due to the limited availability of the 2010 America the Beautiful Silver Bullion Coin coins, public anticipation has been extremely strong. Since the press release was issued, the United States Mint has received numerous calls and inquiries from the public regarding premiums being charged for these coins. As a result, we are delaying the launch of this program. No America the Beautiful Ounce Silver Bullion Coins orders will be confirmed today."
You are receiving this notice because you have an existing order with this item in it. We ask the following:
1. Since you have placed an order with APMEX for these coins, we will honor our orders providing the US Mint makes these coins available to us. Should the mint change their method of distribution (Not selling to Authorized Purchasers) and do not provide coins to us, we will have no choice but to cancel the order and provide a full refund.
2. If you would like to cancel your order, you are welcome to reply to this email and let us know.
a. If you have selected to pay by credit card, we will be happy to credit your card back.
b. If you have mailed in your check, please let us know and we will return your payment.
3. If you would like to keep your order, there is nothing you have to do. We will let you know when we have more information.
We apologize for this issue and wish there was something more we could do at this point. The US Mint has created a fantastic product. However, because of the complexity of manufacturing the coin and the available time during the 2010 year to produce the coins, the mintage (33,000 each) is more like a numismatic rarity than a bullion coin. We will continue to keep you informed.
Jana Hale
Customer Service Manager
American Precious Metals Exchange
226 Dean A. McGee Avenue
Oklahoma City, Oklahoma 73102
(405) 595-2100
Price gouging should not be tolerated. Making available any quantity less than your allotment should not be tolerated.
To avoid any and all of the above, they should offer this year's issue direct.
--Severian the Lame
<< <i>I sent my money off to APMEX first thing this morning. I hope the mint doesn't pull the rug out from underneath this deal. >>
They have.
You should have gotten an email from APMEX. They said that they would honor the 1,000 set sales they made if they receive coins from the Mint. No word on price adjustments (up or down).
$1,400? Really?
–John Adams, 1826
Thanks to all that called and complained.
It remains to be seen what the course of action will be. A direct sale of bullion pucks? I don't think they can do that w/o Congressional approval. Is Congress busy right now?