(Kitco News) - The U.S. Mint plans to re-launch sales of its 2010 America the Beautiful silver bullion coins on Friday after delaying the release of the five-ounce coin on Monday, it said on Thursday.
According to news reports, the U.S. Mint held up releasing the coin to authorized purchasers because premiums charged on the coins were far in excess of the Mint’s premium of $9.75. CoinNews.net said in a story earlier this week that premiums charged in the secondary market were anywhere from $120 to $160 per coin.
The U.S. Mint does not sell bullion coins directly to the public. Instead it relies on select number of “authorized purchasers” who can buy in quantity and then resell them to dealers and other sellers of precious metals, called the secondary market. The Mint has no control over premiums charged in the secondary market. The Mint expected demand for the coins to be great when it first announced it would release them.
Because of the concerns of excessive premiums the Mint spelled out specifics to its authorized purchasers in a memo on Thursday, citing the agreement between the Mint and these purchasers. To be able to sell the coins, the Mint is emphasizing that authorized purchasers make all the coins available for sale to the public that they acquire.
They also state that: “Authorized Purchasers may charge to their customers a price no higher than ten percent above the price at which the Authorized Purchasers acquire 2010 America the Beautiful Silver Bullion Coins from the United States Mint. Authorized Purchasers may charge their customers a reasonable shipping and handling fee; however, Authorized Purchasers may not charge any other fee, premium, or other expense to their customers to circumvent this ten-percent markup limitation. The intention of this condition is to ensure that members of the public can obtain these coins at a reasonable and affordable purchase price.”
The Mint added that the authorized purchasers may sell only one coin of each design for each household in order to “ensure the broadest and fairest public accessibility to 2010 America the Beautiful Silver Bullion Coins, which are limited-mintage United States Mint products.” Further, the authorized purchasers cannot sell directly or indirectly these coins to their officers and employees, again to make sure the public has a fair chance to buy the coins.
As in the original announcement, the Mint will allocate coins equally among its purchasers. There are a total of 33,000 coins available for each of the five designs the Mint has struck and each purchaser will get 3,000 coins of each design. The America the Beautiful silver bullion coins have a diameter of three inches and coin five ounces of .999 fine silver.
As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only.
from what I can tell almost all that wanted any were not going to flip.
I am in a heap o' trouble around here, so there is 1 less flipper in the market. No way am I working the APs to get more than 1. That'd be the height of hipocracy. Everyone is a hypocrit, but not at that level. I'm not going there either. >>
The people on the list not wanting to flip was true when we thought there would be only a bullion version and that its mintage would be 100K each. Since then, circumstances have changed a lot. We now know there will be a numismatic release, and we know the mintages have been vastly reduced. With this new information, it's not unexpected that people's views will change about which ones they want, how many and what they plan to do with them. I'm sure some of us are still not sure what we are going to do.
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
Good catch! It'll be interesting to see if APMEX knows that.
If I can get more than 1 through the right channels, I will.
there is nothing wrong with that. >>
And you can, though I am not advocating it. The limit is 1 per AP. I see no reason why you couldn't purchase from more than one distributor, given more than one decides to sell.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
that is not necessarily true...."reasonable shipping and handling charges"....many times here on the boards i see individuals adding for the credit card vig...and it is reasonable b/c APMEX and many others charge the same fee for regular ASE or AGE or APE purchases...
I personally would call a 2% surcharge for credit card use a reasonable handling fee. MOO 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.
If I can get more than 1 through the right channels, I will.
there is nothing wrong with that. >>
And you can, though I am not advocating it. The limit is 1 per AP. I see no reason why you couldn't purchase from more than one distributor, given more than one decides to sell >>
If the point of whining and moaning was to get it so that they were properly priced, but the result is a 1 per HH limit becaue the mint wants as wide a distribution as possible, then I think the right thing to do is let people get them that are going to get them.
I'll hope that the mint relaxes the limit in the future or I can buy on eBay when the place floods or in a couple of years when any premium gets close to melt.
Many people on this list wanted 1. It's true that now that the limit is lower they certainly may want to score 2 for the 1 to flip and 1 to keep play, but I'm not going there. It'd be extremely selfish.
And anyone suggesting "the plan" all along was to get them into flipper's hands gives the people whining and moaning too much credit. no one planned it out this way.
<< <i>my question is how some AP's dont deal directly with the public - do they have to now?
and how does each AP make sure the others didnt receive an order from the same HH..? >>
why? they deal in bullion in huge, for us, $ amounts. 1 ASE isn't their deal. They wanna move metal in large quantities.
do they have to now? no. they can decide not to purchase. It may be that APMEX and a couple others are the sole ones dealing in these.
they can't be sure. thus the subject of the current complaints about those that were complaining earlier. Now the dealer's profits are fixed, but the flippers can play the dialing for dollars game of calling each AP on the list and ordering one.
<< <i>I personally would call a 2% surcharge for credit card use a reasonable handling fee. >>
PayPal is 3%... I'd let them charge whatever cc charge they normally charge.
I'd also say commissions are ok as well if they can show that they have commissions on bullion in the same $$ amount as sold. However, I also think that the mint might not allow it. I'd have to consult the mint if I were an AP with that question.
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
that is not necessarily true...."reasonable shipping and handling charges"....many times here on the boards i see individuals adding for the credit card vig...and it is reasonable b/c APMEX and many others charge the same fee for regular ASE or AGE or APE purchases... >>
I thought the amount a person pays by credit card is the full price, you get a discount for paying by check or cash. So 10% max is credit card price, cash is whatever the discount is less than that if they wish to offer it.
<< <i>my question is how some AP's dont deal directly with the public - do they have to now?
and how does each AP make sure the others didnt receive an order from the same HH..? >>
Evidently, yes.
As for the one per HH, I believe that is per AP so if 12 AP's buy then sell, each HH can get up to 12. >>
the United States Mint will allocate to each such Authorized Purchaser 3,000 coins of each design, for an overall total of 15,000 coins. This quantity represents all of the 2010 America the Beautiful Silver Bullion Coins that will be offered. Authorized Purchasers have until 3:00pm Friday, December 17, 2010, to place their orders. Should any of the active silver bullion coin Authorized Purchasers decline to order any or all of these coins from the United States Mint, the United States Mint will make the excess coins available, on a comparable allocation basis, to those active silver bullion coin Authorized Purchasers that accept the terms and conditions herein, on Monday, December 20, 2010
I think the mint should tell all of the distributors that the mint will be selling the coins to them for $2500 a set and that they are not allowed to sell for more than 10% over that price. Since the distributors have many pre sale orders for $1300 to $1500, they would take a beating on those sales, and would be a good lesson: 1, not to gouge the public and two, not sell items you don't currently posses. It seems we just lambasted a member for selling silver he didn't have.
Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
So the apmex customers who ordered more than 1 set will now have to give their extras up.... and these will re open the sales on Friday for the remainder to new customers at a lower price.
<< <i>I think the mint should tell all of the distributors that the mint will be selling the coins to them for $2500 a set and that they are not allowed to sell for more than 10% over that price. Since the distributors have many pre sale orders for $1300 to $1500, they would take a beating on those sales, and would be a good lesson: 1, not to gouge the public and two, not sell items you don't currently posses. It seems we just lambasted a member for selling silver he didn't have. >>
If the mint comes in too strong-armed, the APs can just get together and stick it to the mint by choosing not to buy.
Successful transactions with keepdachange, tizofthe, adriana, wondercoin
<< <i>I think the mint should tell all of the distributors that the mint will be selling the coins to them for $2500 a set and that they are not allowed to sell for more than 10% over that price. Since the distributors have many pre sale orders for $1300 to $1500, they would take a beating on those sales, and would be a good lesson: 1, not to gouge the public and two, not sell items you don't currently posses. It seems we just lambasted a member for selling silver he didn't have. >>
If the mint comes in too strong-armed, the APs can just get together and stick it to the mint by choosing not to buy. >>
I don't think the mint will have any problem selling them to the public for a reasonable profit.
Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
1. Sales will begin only at 2 AM CST when the bars close in Oklahoma. 2. Orders attempted from speed-dial phones will be handled by our call-center in Hyderabad. 3. Only residential addresses allowed, no PO Boxes, offices, or correctional institutions. 4. Household limit of one set will be verified by GPS locators. 5. For delivery confirmation, all recipients will be DNA swabbed. 6. The IRS is enclosing windfall profits tax withholding forms, required whether or not you or your heirs are flipping. 7. Over-limit fees on your credit card will be doubled for sharing with the mint. 8. For an extra 25% charge we deem reasonable, your coins will be handled with clean white cotton gloves. 9. TPG graders are standing by, with walk-through rates determined by the grade you desire. 10. Anyone complaining about any of these ATB rules in on-line forums will be banned, and then also blocked from all future mint transactions.
1. Sales will begin only at 2 AM CST when the bars close in Oklahoma. 2. Orders attempted from speed-dial phones will be handled by our call-center in Hyderabad. 3. Only residential addresses allowed, no PO Boxes, offices, or correctional institutions. 4. Household limit of one set will be verified by GPS locators. 5. For delivery confirmation, all recipients will be DNA swabbed. 6. The IRS is enclosing windfall profits tax withholding forms, required whether or not you or your heirs are flipping. 7. Over-limit fees on your credit card will be doubled for sharing with the mint. 8. For an extra 25% charge we deem reasonable, your coins will be handled with clean white cotton gloves. 9. TPG graders are standing by, with walk-through rates determined by the grade you desire. 10. Anyone complaining about any of these ATB rules in on-line forums will be banned, and then also blocked from all future mint transactions.
ATB = Absurd Two Bits >>
Just notified all my relatives - they got their speed-dials set to APMEX. Wer'e trying to corner 30,000 sets. Let the games begin!!
from what I can tell almost all that wanted any were not going to flip.
I am in a heap o' trouble around here, so there is 1 less flipper in the market. No way am I working the APs to get more than 1. That'd be the height of hipocracy. Everyone is a hypocrit, but not at that level. I'm not going there either. >>
<< <i>So the apmex customers who ordered more than 1 set will now have to give their extras up.... and these will re open the sales on Friday for the remainder to new customers at a lower price. >>
APMEX originally was allocated 3000 and only sold 1000 so, if they decided to get the same amount, there will be many more sets for sale
...and there has been no announcement that sales will begin on Friday (today) ...just there orders (AP's) would be confirmed by fax on Friday by the Mint
Edited to add: I bet APMEX is waiting for this confirmation of their allotment before making ANY announcement to their previous purchasers
So what has not been discussed is how the OTHER 10 AP's will deal with this - many are just focusing on 1 in Okla., how about big one's like AMark in Ca or Gold Center in IL?
Most of them are high volume dealers that generally dont deal with the public unless their orders are 100's or 1000's of ounces of silver?
How does that work in with the new USM rules of 1 per HH and making sure the public can buy? All of a sudden they are going to take an order for 25oz????
Are there more details we dont know? In the case where AP's only deal with large dealers (secondary) - are the secondary dealers if they buy large allotments constricted by the same rules???
Seems the mint is favoring Apmex if they are the only ones who can handle the one per item rule. Does that make Apmex a monopoly on these out of default, since the other APs may not be able to handle single orders? Seems like the mint might be opening another can of worms.
The mint stated in their rules that they can request the AP's sales data I guess to see who they are selling to and to make sure it is one per household it seems. This is a mess.
Apmex will have to go though 1000 orders and issue partial refunds to their existing customers or will they avoid the paperwork and start all over with new orders?
<< <i>Seems the mint is favoring Apmex if they are the only ones who can handle the one per item rule. Does that make Apmex a monopoly on these out of default, since the other APs may not be able to handle single orders? Seems like the mint might be opening another can of worms. >>
Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them.
<< <i>Seems the mint is favoring Apmex if they are the only ones who can handle the one per item rule. Does that make Apmex a monopoly on these out of default, since the other APs may not be able to handle single orders? Seems like the mint might be opening another can of worms. >>
Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them. >>
and i too have found a few NOT ON THE main list..........................
<< <i> Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them. >>
<< <i>and i too have found a few NOT ON THE main list.......................... >>
....and no one is in a sharing mood today??? >>
I just figured there is no point in sharing if 100's of people call and start bothering these places, why not wait till they go on sale or at least get closer.One of them has already been mentioned in past threads. As i have said i went off another list... list of dealers in your state Patience
I wonder if the original retail purchasers of hockey pucks from APMEX that paid up the $1,395 will receive their coins earlier than anyone else? If so it could get interesting when these first 1,000 pucks become "in hand" and hit the aftermarket.
<< <i> I just figured there is no point in sharing if 100's of people call and start bothering these places, >>
Soooooo you WANT 100's of people to call these places to find out if they WILL have the pucks. If you let everyone know who the sellers are there will be NO calls to these dealers until they are available....what would be the point???
Comments
09 December 2010, 5:01 p.m.
Kitco News
http://www.kitco.com/
(Kitco News) - The U.S. Mint plans to re-launch sales of its 2010 America the Beautiful silver bullion coins on Friday after delaying the release of the five-ounce coin on Monday, it said on Thursday.
According to news reports, the U.S. Mint held up releasing the coin to authorized purchasers because premiums charged on the coins were far in excess of the Mint’s premium of $9.75. CoinNews.net said in a story earlier this week that premiums charged in the secondary market were anywhere from $120 to $160 per coin.
The U.S. Mint does not sell bullion coins directly to the public. Instead it relies on select number of “authorized purchasers” who can buy in quantity and then resell them to dealers and other sellers of precious metals, called the secondary market. The Mint has no control over premiums charged in the secondary market. The Mint expected demand for the coins to be great when it first announced it would release them.
Because of the concerns of excessive premiums the Mint spelled out specifics to its authorized purchasers in a memo on Thursday, citing the agreement between the Mint and these purchasers. To be able to sell the coins, the Mint is emphasizing that authorized purchasers make all the coins available for sale to the public that they acquire.
They also state that: “Authorized Purchasers may charge to their customers a price no higher than ten percent above the price at which the Authorized Purchasers acquire 2010 America the Beautiful Silver Bullion Coins from the United States Mint. Authorized Purchasers may charge their customers a reasonable shipping and handling fee; however, Authorized Purchasers may not charge any other fee, premium, or other expense to their customers to circumvent this ten-percent markup limitation. The intention of this condition is to ensure that members of the public can obtain these coins at a reasonable and affordable purchase price.”
The Mint added that the authorized purchasers may sell only one coin of each design for each household in order to “ensure the broadest and fairest public accessibility to 2010 America the Beautiful Silver Bullion Coins, which are limited-mintage United States Mint products.” Further, the authorized purchasers cannot sell directly or indirectly these coins to their officers and employees, again to make sure the public has a fair chance to buy the coins.
As in the original announcement, the Mint will allocate coins equally among its purchasers. There are a total of 33,000 coins available for each of the five designs the Mint has struck and each purchaser will get 3,000 coins of each design. The America the Beautiful silver bullion coins have a diameter of three inches and coin five ounces of .999 fine silver.
<< <i>again, most people on the list wanted 1.
from what I can tell almost all that wanted any were not going to flip.
I am in a heap o' trouble around here, so there is 1 less flipper in the market. No way am I working the APs to get more than 1. That'd be the height of hipocracy. Everyone is a hypocrit, but not at that level. I'm not going there either. >>
The people on the list not wanting to flip was true when we thought there would be only a bullion version and that its mintage would be 100K each. Since then, circumstances have changed a lot. We now know there will be a numismatic release, and we know the mintages have been vastly reduced. With this new information, it's not unexpected that people's views will change about which ones they want, how many and what they plan to do with them. I'm sure some of us are still not sure what we are going to do.
<< <i>I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card >>
That's not the way I would read that at all. If it is the 2% kick-back with my CC would be used for all PM purchases. Not!
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
Good catch! It'll be interesting to see if APMEX knows that.
<< <i>
If I can get more than 1 through the right channels, I will.
there is nothing wrong with that. >>
And you can, though I am not advocating it. The limit is 1 per AP. I see no reason why you couldn't purchase from more than one distributor, given more than one decides to sell.
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
that is not necessarily true...."reasonable shipping and handling charges"....many times here on the boards i see individuals adding for the credit card vig...and it is reasonable b/c APMEX and many others charge the same fee for regular ASE or AGE or APE purchases...
This means that mine will likely be dated 2011 (or later).
My Adolph A. Weinman signature
and how does each AP make sure the others didnt receive an order from the same HH..?
MOO
TD
<< <i>
<< <i>
If I can get more than 1 through the right channels, I will.
there is nothing wrong with that. >>
And you can, though I am not advocating it. The limit is 1 per AP. I see no reason why you couldn't purchase from more than one distributor, given more than one decides to sell >>
If the point of whining and moaning was to get it so that they were properly priced, but the result is a 1 per HH limit becaue the mint wants as wide a distribution as possible, then I think the right thing to do is let people get them that are going to get them.
I'll hope that the mint relaxes the limit in the future or I can buy on eBay when the place floods or in a couple of years when any premium gets close to melt.
Many people on this list wanted 1. It's true that now that the limit is lower they certainly may want to score 2 for the 1 to flip and 1 to keep play, but I'm not going there. It'd be extremely selfish.
And anyone suggesting "the plan" all along was to get them into flipper's hands gives the people whining and moaning too much credit. no one planned it out this way.
<< <i>I just want one coin total, for type, at a modest premium over melt.
This means that mine will likely be dated 2011 (or later). >>
They may change size next year. You may need 1 for this year.
<< <i>my question is how some AP's dont deal directly with the public - do they have to now?
and how does each AP make sure the others didnt receive an order from the same HH..? >>
why? they deal in bullion in huge, for us, $ amounts. 1 ASE isn't their deal. They wanna move metal in large quantities.
do they have to now? no. they can decide not to purchase. It may be that APMEX and a couple others are the sole ones dealing in these.
they can't be sure. thus the subject of the current complaints about those that were complaining earlier. Now the dealer's profits are fixed, but the flippers can play the dialing for dollars game of calling each AP on the list and ordering one.
<< <i>its a shame this had to happen, the net result is going to be more rules and fewer rarities coming out of the mint-----------------------BigE
That's been the subject of a past thread or part of a thread.
it's not the mint's job to create rarities for collectors.
In fact, I'd argue they should be trying to not create rarities.
Government of the people, by the people, for the people.
<< <i>I personally would call a 2% surcharge for credit card use a reasonable handling fee. >>
PayPal is 3%... I'd let them charge whatever cc charge they normally charge.
I'd also say commissions are ok as well if they can show that they have commissions on bullion in the same $$ amount as sold. However, I also think that the mint might not allow it. I'd have to consult the mint if I were an AP with that question.
<< <i>
<< <i>its a shame this had to happen, the net result is going to be more rules and fewer rarities coming out of the mint-----------------------BigE
That's been the subject of a past thread or part of a thread.
it's not the mint's job to create rarities for collectors.
In fact, I'd argue they should be trying to not create rarities.
Government of the people, by the people, for the people. >>
Of course its not their job, thats what makes them desirable---------BigE
<< <i>my question is how some AP's dont deal directly with the public - do they have to now?
and how does each AP make sure the others didnt receive an order from the same HH..? >>
Evidently, yes.
As for the one per HH, I believe that is per AP so if 12 AP's buy then sell, each HH can get up to 12.
The name is LEE!
<< <i>
<< <i>As i read the release from the mint I see that nobody can add on extra fees to the purchase, so that must mean no extra fee if you pay be credit card. Maximum 10 percent plus shipping only. >>
that is not necessarily true...."reasonable shipping and handling charges"....many times here on the boards i see individuals adding for the credit card vig...and it is reasonable b/c APMEX and many others charge the same fee for regular ASE or AGE or APE purchases... >>
I thought the amount a person pays by credit card is the full price, you get a discount for paying by check or cash. So 10% max is credit card price, cash is whatever the discount is less than that if they wish to offer it.
<< <i>
<< <i>my question is how some AP's dont deal directly with the public - do they have to now?
and how does each AP make sure the others didnt receive an order from the same HH..? >>
Evidently, yes.
As for the one per HH, I believe that is per AP so if 12 AP's buy then sell, each HH can get up to 12. >>
the United States Mint will allocate to each such Authorized Purchaser 3,000 coins of each design, for an overall total of 15,000 coins. This quantity represents all of the 2010 America the Beautiful Silver Bullion Coins that will be offered. Authorized Purchasers have until 3:00pm Friday, December 17, 2010, to place their orders. Should any of the active silver bullion coin Authorized Purchasers decline to order any or all of these coins from the United States Mint, the United States Mint will make the excess coins available, on a comparable allocation basis, to those active silver bullion coin Authorized Purchasers that accept the terms and conditions herein, on Monday, December 20, 2010
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>So what will the new price be for all 5? >>
no authorized purchaser has purchaed yet.
so there is no price.
new news
<< <i>I think the mint should tell all of the distributors that the mint will be selling the coins to them for $2500 a set and that they are not allowed to sell for more than 10% over that price. Since the distributors have many pre sale orders for $1300 to $1500, they would take a beating on those sales, and would be a good lesson: 1, not to gouge the public and two, not sell items you don't currently posses.
If the mint comes in too strong-armed, the APs can just get together and stick it to the mint by choosing not to buy.
<< <i>
<< <i>I think the mint should tell all of the distributors that the mint will be selling the coins to them for $2500 a set and that they are not allowed to sell for more than 10% over that price. Since the distributors have many pre sale orders for $1300 to $1500, they would take a beating on those sales, and would be a good lesson: 1, not to gouge the public and two, not sell items you don't currently posses.
If the mint comes in too strong-armed, the APs can just get together and stick it to the mint by choosing not to buy. >>
I don't think the mint will have any problem selling them to the public for a reasonable profit.
<< <i>its a shame this had to happen, the net result is going to be more rules and fewer rarities coming out of the mint-----------------------BigE
Don't worry, there are a lot of First Spouses still to come.
My Adolph A. Weinman signature
1. Sales will begin only at 2 AM CST when the bars close in Oklahoma.
2. Orders attempted from speed-dial phones will be handled by our call-center in Hyderabad.
3. Only residential addresses allowed, no PO Boxes, offices, or correctional institutions.
4. Household limit of one set will be verified by GPS locators.
5. For delivery confirmation, all recipients will be DNA swabbed.
6. The IRS is enclosing windfall profits tax withholding forms, required whether or not you or your heirs are flipping.
7. Over-limit fees on your credit card will be doubled for sharing with the mint.
8. For an extra 25% charge we deem reasonable, your coins will be handled with clean white cotton gloves.
9. TPG graders are standing by, with walk-through rates determined by the grade you desire.
10. Anyone complaining about any of these ATB rules in on-line forums will be banned, and then also blocked from all future mint transactions.
ATB = Absurd Two Bits
<< <i>Here are the new mint ATB rules:
1. Sales will begin only at 2 AM CST when the bars close in Oklahoma.
2. Orders attempted from speed-dial phones will be handled by our call-center in Hyderabad.
3. Only residential addresses allowed, no PO Boxes, offices, or correctional institutions.
4. Household limit of one set will be verified by GPS locators.
5. For delivery confirmation, all recipients will be DNA swabbed.
6. The IRS is enclosing windfall profits tax withholding forms, required whether or not you or your heirs are flipping.
7. Over-limit fees on your credit card will be doubled for sharing with the mint.
8. For an extra 25% charge we deem reasonable, your coins will be handled with clean white cotton gloves.
9. TPG graders are standing by, with walk-through rates determined by the grade you desire.
10. Anyone complaining about any of these ATB rules in on-line forums will be banned, and then also blocked from all future mint transactions.
ATB = Absurd Two Bits >>
Just notified all my relatives - they got their speed-dials set to APMEX. Wer'e trying to corner 30,000 sets. Let the games begin!!
<< <i>again, most people on the list wanted 1.
from what I can tell almost all that wanted any were not going to flip.
I am in a heap o' trouble around here, so there is 1 less flipper in the market. No way am I working the APs to get more than 1. That'd be the height of hipocracy. Everyone is a hypocrit, but not at that level. I'm not going there either. >>
Total agreement
<< <i>
<< <i>So what will the new price be for all 5? >>
no authorized purchaser has purchaed yet.
so there is no price.
new news >>
Again, around the DC area, the rumored price is a spread between $875.00 and $1,000.00. Somewhere between the two is, supposedly the Mint's price.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>So the apmex customers who ordered more than 1 set will now have to give their extras up.... and these will re open the sales on Friday for the remainder to new customers at a lower price. >>
APMEX originally was allocated 3000 and only sold 1000 so, if they decided to get the same amount, there will be many more sets for sale
...and there has been no announcement that sales will begin on Friday (today) ...just there orders (AP's) would be confirmed by fax on Friday by the Mint
Edited to add: I bet APMEX is waiting for this confirmation of their allotment before making ANY announcement to their previous purchasers
Most of them are high volume dealers that generally dont deal with the public unless their orders are 100's or 1000's of ounces of silver?
How does that work in with the new USM rules of 1 per HH and making sure the public can buy? All of a sudden they are going to take an order for 25oz????
Are there more details we dont know? In the case where AP's only deal with large dealers (secondary) - are the secondary dealers if they buy large allotments constricted by the same rules???
Box of 20
Apmex will have to go though 1000 orders and issue partial refunds to their existing customers or will they avoid the paperwork and start all over with new orders?
Box of 20
<< <i>Seems the mint is favoring Apmex if they are the only ones who can handle the one per item rule. Does that make Apmex a monopoly on these out of default, since the other APs may not be able to handle single orders? Seems like the mint might be opening another can of worms. >>
Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them.
3000 each = 11 x 3000 = 33000 pieces.
<< <i>
<< <i>Seems the mint is favoring Apmex if they are the only ones who can handle the one per item rule. Does that make Apmex a monopoly on these out of default, since the other APs may not be able to handle single orders? Seems like the mint might be opening another can of worms. >>
Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them. >>
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
<< <i> Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them. >>
<< <i>and i too have found a few NOT ON THE main list.......................... >>
....and no one is in a sharing mood today???
<< <i>
<< <i> Apmex will NOT be handling all of these!! I have confirmation of at least 2 others just waiting on the Mint to release them. >>
<< <i>and i too have found a few NOT ON THE main list.......................... >>
....and no one is in a sharing mood today???
I just figured there is no point in sharing if 100's of people call and start bothering these places, why not wait till they go on sale or at least get closer.One of them has already been mentioned in past threads. As i have said i went off another list... list of dealers in your state Patience
I used to be famous now I just collect coins.
Link to My Registry Set.
https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469
Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
If so it could get interesting when these first 1,000 pucks become "in hand" and hit the aftermarket.
Is the PCGS holdering the pucks?
<< <i> I just figured there is no point in sharing if 100's of people call and start bothering these places, >>
Soooooo you WANT 100's of people to call these places to find out if they WILL have the pucks. If you let everyone know who the sellers are there will be NO calls to these dealers until they are available....what would be the point???
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho