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Mint remaindering 2011 five-ounce silver hockey pucks

CaptHenwayCaptHenway Posts: 33,685 ✭✭✭✭✭
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. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

Comments

  • OPAOPA Posts: 17,160 ✭✭✭✭✭
    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: 33,685 ✭✭✭✭✭
    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. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • derrybderryb Posts: 38,537 ✭✭✭✭✭
    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

    Velocity, Not Valuation Defines A Bubble.

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