Why are the 5 oz. America The Beautiful selling so cheap on eBay?
TopographicOceans
Posts: 6,535 ✭✭✭✭
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TopographicOceans
Posts: 6,535 ✭✭✭✭
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Big dealers are selling them at like 60% of the issue price?
Link
Not so. You are watching the bullion versions, and most were sold at spot + $3 to $4 per oz when they were sold by the bullion dealers. The bullion pucks, just like the bullion ASE's a majority are tied in to the price of silver + a premium. Most of the "P" mint marked or so called "collectors version" are doing quite well.
I see APMEX calls theirs Scruffy in the title.
In the ad text they say:
Expect contact marks, toning, and/or spots, staining etc... These will not be pretty. Pick up these coins at drastically reduced premiums
Ah. I didn't even know they came in two flavors.
I see APMEX calls theirs Scruffy in the title.
In the ad text they say:
Expect contact marks, toning, and/or spots, staining etc... These will not be pretty. Pick up these coins at drastically reduced premiums
That is a special category that APMEX uses to get rid of their below standard bullion pucks. Their regular price for the same w/o noticeable defects, is considerably higher.
Latin American Collection
3$ per ounce over spot is way too much.
I never understood why a 5 oz coin should get a 5x striking premium over a 1 oz coin.
It's 5 times harder to strike 5 coins than to strike one.
Also they are hideous wretched things . Actually the P marked versions are even uglier than the bullion versions if that is even possible.
There are probably 10 coin shops I visit on a semi regular basis , I can't think of one that has either type on display .
I assume its because they don't want customers vomiting across their display cases when they catch sight of them.
The barkers on "Shop At Home" have been selling stuff like this for years. After you bought them, all you had was a lump of silver with a melt or scrap value. The only thing that makes these things better than the stuff the barkers are selling is that the mint made them, and they have an official sanction.
I don't own any.
I've got five of them, but they're big and bulky and that's like $700 in coin money that could be better spent elsewhere so I'm going to sell them.
I'll probably keep one if I can find one I like.
I wanted to see what they were selling for on eBay. My "P" collector ones will probably fetch about the same as the bullion ones because the nice people on eBay like to rip my coins.
item... a troy pound ASE.... I bought that just as a novelty. Cheers, RickO
One nice thing about them Bill is that my old eyes can see the design details without my glasses on
I don't own any.
A good glass is a lot cheaper than one of these hockey pucks.
Box of 20
The only one that is doing well for the past few years in the Hawaii Volcano P at around $750 which is insane. 14, 886 mintage.
What's the highest price for one? A PCGS SP70 sold for $903.10 on GreatCollections back on Jan 4, 2015.
The only one that is doing well for the past few years in the Hawaii Volcano P at around $750 which is insane. 14, 886 mintage.
14,886 is hardly a low mintage. There were probably less than 1876-P Twenty Cent Pieces issued than that.
The only one that is doing well for the past few years in the Hawaii Volcano P at around $750 which is insane. 14, 886 mintage.
Actually all 2012 issued P & bullion pucks are doing very well, along with the 2014 issued ones. 2015 should also realize an above average return by 2017. The bullion version was intended as a silver bullion play, just like the bullion ASE's, subjected to the swings in the price of silver.
The only one that is doing well for the past few years in the Hawaii Volcano P at around $750 which is insane. 14, 886 mintage.
14,886 is hardly a low mintage. There were probably less than 1876-P Twenty Cent Pieces issued than that.
Maybe so. Low mintage's for the most part, seldom dictate a price of a coin. It's the demand with limited supply.
I am a big fan of the bullion ATB. The downside is about the same as ASE, but they have a much higher upside as quite a few of them have held higher premiums for a number of years already. I have found non-coin collectors think they are neat. I understand the serious collectors turning their noses at them, and I get it.
And yes, I never understood just the low mintage argument. If no one wants something with a low mintage then it isn't worth anything.
As a dedicated collector I have zero interest in these things. What are they? They are silver medals with designs on them that appeared on America the Beautiful quarters. The mint probably calls them "coins," but they aren't because their size takes out of the realm of reality as coins. They are gimmicks.
The barkers on "Shop At Home" have been selling stuff like this for years. After you bought them, all you had was a lump of silver with a melt or scrap value. The only thing that makes these things better than the stuff the barkers are selling is that the mint made them, and they have an official sanction.
I wonder if people said similar things about the Pan-Pac $50's in the few years after they were struck.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
They are works of art well above the appearance of most other "coins".
Some like copper, some silver, some gold coins.
Others collect bullion be it art bars, ASEs, AGEs or whatever.
I think it is great there is variety and respect whatever anyone wants to collect!
To each their own...I think many of the designs are very appealing.
They are works of art well above the appearance of most other "coins".
Some like copper, some silver, some gold coins.
Others collect bullion be it art bars, ASEs, AGEs or whatever.
I think it is great there is variety and respect whatever anyone wants to collect!
Collect what you get joy from. Baskin Robins has 31 flavors. You don't like sour kraut butter crunch? Pick something else. But if you do like it, then enjoy every chance you get.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I'm wondering if our host will place these beautiful Silver Rounds in their holders?
PCGS does grade the collector "P" mint mark versions, but I don't know about the bullion? They charge $20 extra for the oversize holders.
I don't see any bullion versions listed on eBay in PCGS holders.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I'm wondering if our host will place these beautiful Silver Rounds in their holders?
PCGS does grade the collector "P" mint mark versions, but I don't know about the bullion? They charge $20 extra for the oversize holders.
I don't see any bullion versions listed on eBay in PCGS holders.
Yes, they do grade the bullion pucks.
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5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
I'm wondering if our host will place these beautiful Silver Rounds in their holders?
PCGS does grade the collector "P" mint mark versions, but I don't know about the bullion? They charge $20 extra for the oversize holders.
I don't see any bullion versions listed on eBay in PCGS holders.
Yes, they do grade the bullion pucks.
I'm asking about the Silver Rounds being graded, as to the Engelhard Rounds, not the pucks.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.K
I'm wondering if our host will place these beautiful Silver Rounds in their holders?
PCGS does grade the collector "P" mint mark versions, but I don't know about the bullion? They charge $20 extra for the oversize holders.
I don't see any bullion versions listed on eBay in PCGS holders.
Yes, they do grade the bullion pucks.
I'm asking about the Silver Rounds being graded, as to the Engelhard Rounds, not the pucks.
I don't believe PCGS grades "silver or gold" rounds nor bars. You can try ANACS, they do grade the "silver rounds" produced by D. Carr
Links:
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Text
5$ bills are WOW with the numbers - wanted:
02121809
04151865
Wanted - Flipper notes with the numbers 6-9 or 0-6-9 ON 1$ 2$ 5$ 10$ 20$
Wanted - 10$ Sereis 2013 - fancy Serial Numbers
As a dedicated collector I have zero interest in these things. What are they? They are silver medals with designs on them that appeared on America the Beautiful quarters. The mint probably calls them "coins," but they aren't because their size takes out of the realm of reality as coins. They are gimmicks.
The barkers on "Shop At Home" have been selling stuff like this for years. After you bought them, all you had was a lump of silver with a melt or scrap value. The only thing that makes these things better than the stuff the barkers are selling is that the mint made them, and they have an official sanction.
I wonder if people said similar things about the Pan-Pac $50's in the few years after they were struck.
I doubt it. The problem with the Pan-Pac $50 gold coins was the price. At $100 for one $50 gold coin plus the three smaller pieces, the price was as much a third to a half a year's income for most American families. Only the banks and the wealthy could afford them.