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ATB 5 oz - Buy or Not to Buy @ $975?

smirkingchampsmirkingchamp Posts: 345
in U.S. Coin Forum
If you were offered a set of the 5 ounce pucks from an authorized distributor/dealer, would you buy one at $975? Or has the shine worn off?

Comments

  • DNADaveDNADave Posts: 7,305 ✭✭✭✭✭
    That's too much over melt for my taste.
  • agentjim007agentjim007 Posts: 6,256 ✭
    I would buy it and flip it to moderncoinmart for $1450
  • truecollector70truecollector70 Posts: 51
    http://www.teletrade.com/coins/lot.asp?auction=3017&lot=2619


    Sunday night auction Feb 20 2011 ...... $2000.00 teletrade PCGS FIRST STRIKE
    Think outside the box . Coin collector for 45 years
  • PinkFloydPinkFloyd Posts: 1,762 ✭
    In short--yes.

    As Jim said, MCM is paying $1450. And if you're not looking for a quick flip, that's certainly not a bad deal either--but not as good as before.... I personally have my doubts if they'll reach $975 anytime soon on the secondary market.

    However, I'm curious....reading between the lines a little... Which AP? Are they tracking bullion values with these now?

    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • pitbosspitboss Posts: 8,643 ✭✭✭
    BUY!!! BUY!!! BUY!!! Don't even hesitate.
  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    I'd buy it and flip it. I think there are at least a couple of months before the bloom is off the "average citizen" rose. We on the forum are spoiled because we get news as it happens, most people don't.
    ANA-LM, NBS, EAC
  • CiccioCiccio Posts: 1,405 ✭
    Sure yes. They don't go for moon money but you can still make a nice profit.
  • Classof67Classof67 Posts: 1,502 ✭✭✭
    Buy it!
    GREAT BST transactions with Wondercoin, segoja, moderncoinmart, notwilight, wingsrule, 123cents, fivecents, hunted, alohagary, ibzman350, WTCG, sonofagunk, amigo, coincoins, dcgolfer, chumley, nycounsel, tootawl, guitarwes, kimber45ACP, Zubie, Egger, RYK, 1tommy, EagleEye, NEFPROLLC, jmdm1194, Coinfolio
  • smirkingchampsmirkingchamp Posts: 345


    << <i>In short--yes.

    As Jim said, MCM is paying $1450. And if you're not looking for a quick flip, that's certainly not a bad deal either--but not as good as before.... I personally have my doubts if they'll reach $975 anytime soon on the secondary market.

    However, I'm curious....reading between the lines a little... Which AP? Are they tracking bullion values with these now? >>



    Nothing like that, an order that was originally cancelled by mistake is now corrected with the option to go through with it or have a refund. Just wondering what others would do in this situation.
  • PinkFloydPinkFloyd Posts: 1,762 ✭


    << <i>

    << <i>In short--yes.

    As Jim said, MCM is paying $1450. And if you're not looking for a quick flip, that's certainly not a bad deal either--but not as good as before.... I personally have my doubts if they'll reach $975 anytime soon on the secondary market.

    However, I'm curious....reading between the lines a little... Which AP? Are they tracking bullion values with these now? >>



    Nothing like that, an order that was originally cancelled by mistake is now corrected with the option to go through with it or have a refund. Just wondering what others would do in this situation. >>



    Ahhh..sounds like AMARK prices. Well, especially if it is an AMARK, you will have no problem getting rid of it at $1400+ with MCM...no hassles. Go for it.
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • joebb21joebb21 Posts: 4,771 ✭✭✭✭✭
    Buy and flip.
    THen with the $475 buy yourself 14 ounces of silver!

    BUY BUY buy!
    may the fonz be with you...always...
  • bestmrbestmr Posts: 1,795 ✭✭✭
    I'd buy all I could afford at that price.
    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
  • MsMorrisineMsMorrisine Posts: 35,867 ✭✭✭✭✭


    << <i>If you were offered a set of the 5 ounce pucks from an authorized distributor/dealer, would you buy one at $975? Or has the shine worn off? >>



    sold.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ianrussellianrussell Posts: 2,498 ✭✭✭✭✭
    Absolute buy at $975. As mentioned, dealers are paying up to $1400-1450 at the moment for raw sets, and more for graded sets (even the BU ones).

    - Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
  • alohagaryalohagary Posts: 2,831 ✭✭✭✭
    buy and flip
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>

    << <i>

    << <i>In short--yes.

    As Jim said, MCM is paying $1450. And if you're not looking for a quick flip, that's certainly not a bad deal either--but not as good as before.... I personally have my doubts if they'll reach $975 anytime soon on the secondary market.

    However, I'm curious....reading between the lines a little... Which AP? Are they tracking bullion values with these now? >>



    Nothing like that, an order that was originally cancelled by mistake is now corrected with the option to go through with it or have a refund. Just wondering what others would do in this situation. >>



    Ahhh..sounds like AMARK prices. Well, especially if it is an AMARK, you will have no problem getting rid of it at $1400+ with MCM...no hassles. Go for it. >>




    FYI, MCM's Buy price for the Amarks is at $1535 sealed or opened...

    I have noticed an upswing in the Amark/pcgs Bu pricing on the Bay, limited by caps.
  • PinkFloydPinkFloyd Posts: 1,762 ✭


    << <i>

    << <i>

    << <i>

    << <i>In short--yes.

    As Jim said, MCM is paying $1450. And if you're not looking for a quick flip, that's certainly not a bad deal either--but not as good as before.... I personally have my doubts if they'll reach $975 anytime soon on the secondary market.

    However, I'm curious....reading between the lines a little... Which AP? Are they tracking bullion values with these now? >>



    Nothing like that, an order that was originally cancelled by mistake is now corrected with the option to go through with it or have a refund. Just wondering what others would do in this situation. >>



    Ahhh..sounds like AMARK prices. Well, especially if it is an AMARK, you will have no problem getting rid of it at $1400+ with MCM...no hassles. Go for it. >>




    FYI, MCM's Buy price for the Amarks is at $1535 sealed or opened...

    I have noticed an upswing in the Amark/pcgs Bu pricing on the Bay, limited by caps. >>



    Good catch.

    I've noticed that for the first time in a little while, a search for "america beautiful 5 oz" yields less than 300 results. The largest part of the glut has passed. Now we're waiting for the glut of graded sets to hit....
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • smirkingchampsmirkingchamp Posts: 345
    What if it's not AMark but Fidelitrade? Would that influence your opinion?
  • RaufusRaufus Posts: 6,890 ✭✭✭✭✭


    << <i>I would buy it and flip it to moderncoinmart for $1450 >>



    No brainer!!
    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,890 ✭✭✭✭✭


    << <i>What if it's not AMark but Fidelitrade? Would that influence your opinion? >>



    Still a no-brainer.
    Land of the Free because of the Brave!
  • jmski52jmski52 Posts: 23,263 ✭✭✭✭✭
    What if it's not AMark but Fidelitrade? Would that influence your opinion?

    The AMark coins I received were no better or worse than the ones I got from Fidelitrade. I wouldn't flip them, either. These are the keys in the series, and if the series develops a following, the market values will stabilize at a reasonable level that won't disappoint you. And, it can't hurt to stash the silver anyhow.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RaufusRaufus Posts: 6,890 ✭✭✭✭✭


    << <i>What if it's not AMark but Fidelitrade? Would that influence your opinion?

    The AMark coins I received were no better or worse than the ones I got from Fidelitrade. I wouldn't flip them, either. These are the keys in the series, and if the series develops a following, the market values will stabilize at a reasonable level that won't disappoint you. And, it can't hurt to stash the silver anyhow. >>



    I may have answered too quickly...I agree w/jmski if you can afford to hold.

    Unless silver crashes (certainly not likely in the near term despite the current high price) I think that these will in the worst case level out and should start to creep up. There are no APs selling now. There are two more to potentially sell. This alone may dry up the supply on Ebay a bit. It will take time however as many graded sets will soon be heading back to the flippers.

    This will likely be the key to the bullion series. Not much down side to holding if you can.

    Either way, a no-brainer to buy the set that you were offered.
    Land of the Free because of the Brave!
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    Be a wasted opportunity not to.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭
    Just... "Do whatcha gotta do"... Pull da trigger !!!
    Ebay items for sale Current BIN's / The Kingdom Collection
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    It's a no-brainer YES.
    When in doubt, don't.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    Buy it...then sell to me for $1000 image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Dollar2007Dollar2007 Posts: 774 ✭✭✭
    Are you assuming that FideliTrade still has some and you are deciding whether to send in a order form, or are you contemplating canceling your existing order with them. On the same subject I turned down MTB when I got a call from them to buy a set because I had already gotten a set. I Probably wouldn't have done that today!
  • paladinpaladin Posts: 898 ✭✭

    Sure, I'd love another set, provided it's not coming from APMEX. image


    "The only place success comes before work is in the dictionary."

    ~ Vince Lombardi
  • smirkingchampsmirkingchamp Posts: 345
    Thanks to everyone for your responses!
  • PerryHallPerryHall Posts: 46,846 ✭✭✭✭✭
    I agree with the buy and flip folks. It's not against the law to make a profit.

    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

  • Bah1513Bah1513 Posts: 558
    Buy....the mint should have been selling these in the first place and not farmed them out to their registered sellers ...it's sounds like your getting the price the mint sold them for plus a small % ....we've been screwed by the mint againimage
    Past BST deals baddogss,llafoe,braddick,wondercoin,fireman2030, ProofCollection, SNMAN,halfnut1
  • mikeygmikeyg Posts: 1,002 ✭




    I would love to buy a set at that price.No flipping here but I would enjoy looking at them as a permanent part of my collection.image

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