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Mint remaindering 2011 five-ounce silver hockey pucks

CaptHenwayCaptHenway Posts: 32,114 ✭✭✭✭✭
in Precious Metals
Coin World Online is reporting that the Mint is offering unsold leftovers of the three 2011 issues that did not sell out to distributors at 2.4% over melt instead of the usual 3.0%.
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

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I believe is should be $2.40 @ oz over melt & not 2.4%...I could be wrong though.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CaptHenwayCaptHenway Posts: 32,114 ✭✭✭✭✭
    Thank you I may have misread it. All I know for sure is that the premium is being cut by 20%, from 3.0 whatevers to 2.4 whatevers.
    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.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    affects two bullion 2011 mint products only available to authorized bullion purchasers who resell to public:

    $50 gold eagle reduced from 3% to 2.4% over spot
    three different 5 oz. ATBs reduced from $9.75 per coin over spot to $8 per coin over spot (5 X spot + $8 per coin)

    undisclosed quantities available, doubt the discount will get passed on.

    Coinworld, page 4

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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