5oz rounds W
packers88
Posts: 558
I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31.
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<< <i>I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31. >>
These aren't rounds. They are legal tender coins even if they don't circulate and are worth primarily their bullion value.
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
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<< <i>I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31. >>
These aren't rounds. They are legal tender coins even if they don't circulate and are worth primarily their bullion value. >>
If it looks, walks & talks like a duck...etc. They may have an artificial face value of $.25, but they are in my book, considered 5 oz 3" silver rounds.
BTW the Mint announced a selling date of by the e/o April or early May 2011
I think that "hockey puck" describes them fairly well. They certainly aren't "quarters", but I can't quite call them "rounds" either. When Congress is left to their own devices and when professional vote-buying elitist political animals make the laws, you get 3-inch silver pucks in a $0.25 denomination.
They should be stamped, "US Silver Bullion" and leave it at that.
I knew it would happen.
<< <i>If it looks, walks & talks like a duck...etc. They may have an artificial face value of $.25, but they are in my book, considered 5 oz 3" silver rounds.
I think that "hockey puck" describes them fairly well. They certainly aren't "quarters", but I can't quite call them "rounds" either. When Congress is left to their own devices and when professional vote-buying elitist political animals make the laws, you get 3-inch silver pucks in a $0.25 denomination.
They should be stamped, "US Silver Bullion" and leave it at that. >>
They don't want anyone to actually spend them although the suspender industry would love it if we did.
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<< <i>I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31. >>
These aren't rounds. They are legal tender coins even if they don't circulate and are worth primarily their bullion value. >>
If it looks, walks & talks like a duck...etc. They may have an artificial face value of $.25, but they are in my book, considered 5 oz 3" silver rounds. >>
Rounds = Privately produced + NO legal tender status
Coin = Government produced + Legal tender status
I can explain the difference but I can't make you understand the difference.
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
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<< <i>I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31. >>
These aren't rounds. They are legal tender coins even if they don't circulate and are worth primarily their bullion value. >>
If it looks, walks & talks like a duck...etc. They may have an artificial face value of $.25, but they are in my book, considered 5 oz 3" silver rounds. >>
Rounds = Privately produced + NO legal tender status
Coin = Government produced + Legal tender status
I can explain the difference but I can't make you understand the difference. >>
Not sure where you got your information from, but there are numerous Gov't Mints all over the world that are currently producing "Rounds" and they are not referred to as "Coins"
Example below (Produced by the Federal Berlin Mint in Germany)
Seller- thebigeng; morgansforever; bolivarshagnasty
Buyer-nibanny; derryb; zubie; smittys; konsole; tootawl; socalbigmark; fullcameo; coinkid855
The early flippers will likely make money, the late ones will make less or fight for a profit.
<< <i>Hard to tell from that image OPA, Doesn't look like a denomination is on that round, thus a round. >>
You are correct..there is no denomination on that round. .. below is the 1 oz version and again no denomination. Even the Mint refers to them as Rounds.
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<< <i>I havn't followed these, but a fellow collector said the Mint will be putting on sale 5 oz rounds with "W" for the Mint mark. He said this is a sure thing that will sell out in hours. Does anyone know what he is talking about? Furhermore, he said it was previously stated that it goes on sale in the first quarter which would mean by march 31. >>
These aren't rounds. They are legal tender coins even if they don't circulate and are worth primarily their bullion value. >>
If it looks, walks & talks like a duck...etc. They may have an artificial face value of $.25, but they are in my book, considered 5 oz 3" silver rounds. >>
Rounds = Privately produced + NO legal tender status
Coin = Government produced + Legal tender status
I can explain the difference but I can't make you understand the difference. >>
Not sure where you got your information from, but there are numerous Gov't Mints all over the world that are currently producing "Rounds" and they are not referred to as "Coins"
Example below (Produced by the Federal Berlin Mint in Germany)
Agree. The U.S. Mint also produces medals but the OP was specifically talking about the ATB 5 oz silver coins which do have a token denomination of 25 cents since they were intended to trade as NCLT coins.
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
They might sellout in less than a week's time, but I have my doubts about selling out in hours. They will most likely have HH limits, which will keep them from selling out that quickly.
US Mint to sell 27,000 "Numismatic" America the Beautiful 2010 5oz Pucks in 1Q2011(Feb?) - **Official Pre-Thread**LQQK**
<< <i>Agree. The U.S. Mint also produces medals but the OP was specifically talking about the ATB 5 oz silver coins which do have a token denomination of 25 cents since they were intended to trade as NCLT coins. >>
Actually they are not considered medals, but the the German version of our ASE's...(1 oz & 1/2 oz)
You can name the hockey pucks anything you want. To me, they are 5 oz silver rounds and in the same category as the 5 oz Libertad rounds issued by Mexico's Federal Mint.
<< <i>You can name the hockey pucks anything you want. To me, they are 5 oz silver rounds and in the same category as the 5 oz Libertad rounds issued by Mexico's Federal Mint. >>
And you can think of them as petunias if you want but they do have legal tender staus and are therefore coins.
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<< <i>You can name the hockey pucks anything you want. To me, they are 5 oz silver rounds and in the same category as the 5 oz Libertad rounds issued by Mexico's Federal Mint. >>
And you can think of them as petunias if you want but they do have legal tender staus and are therefore coins.
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<< <i>Rounds = Privately produced + NO legal tender status >>
Agree, but only due to a marketing ploy by the Mint and or Congress...The point I'm making ... not all Rounds are Minted by Private Mints, quite a number by Government Mints.