When will the US Mint wise up and make an indentation in the OGP where the coin in the slab will fit right over the top of where the mint capsule currently is?
I personally don't keep the OGP but there are those who would like this.
Yeah Ms, the recent PM mint issues all look over-priced in this rising PM market.
That combined with the ability to buy a few of the recent gold Min offerings in 70's for less than current Mint pricing leaves room for patience.
Gee, it didn't sell out immediately. Color me shocked.
Yes, it will end up being low mintage...but the reason will be much like it is with the first spouse issues...no one cares.
New numbers are out. At this rate, it will take just over 4 years to sell out.
1792-2017 American Liberty 225th Anniversary Gold Coin (17XA)
Date
Number sold
Net Increase
Price
Comment
4/7/2017
14,285
$1,640
First day sales
4/9/2015
16,746
$1,640
Unofficial number
4/16/2017
17,704
17,704
$1,690
4/23/2017
18,507
803
$1,690
4/30/2017
18,913
406
$1,690
5/7/2017
19,304
391
$1,690
At five weeks in, the 2015 American Liberty had sold 41,241 units.
The 2017 Proof Buffalo gets released in two days. It looks like it may open $50 less expensive than the opening price of the AmLib. ($1590. The Buff is also $50 cheaper than the AmLib on the pricing charts at the same gold spot.)
Didn't buy this one. Too expensive. For a 70 you are looking at $800 over spot. I do believe the silver versions will probably do well especially the reverse proof.
Just got back into the country and gotta say I like this coin a lot. Yeah, the stars are a bit kooky, but everything else is "A" quality except the premium. Just gotta find some cash!
About what I thought on this release.....too expensive and too limited in the taste department....smacks too much of being PC and forcing something. A very minor group seems to like it, but sales seem to show the majority do not like it.
May be worth more in a few years due to low sales.
I just received my 2017 Liberty PR70 DCAM and this coin is really way better than the pictures as the high relief and concave nature of the coin makes it really special. The Stars that seem big in pictures seem to fade away in the actual coin as they are at different heights, so you only "see" one at a time when moving it around as the background is truly a mirror. Anyway, I really think this is a great coin when you see the real thing in top condition.
@jwitten said:
Just checked ebay sales... some of these have sold for about 1,250 on there at true auction.... OUCH!
Yes, from Mr Vintage with feedback of 28 and a 85% positive rating.
Good luck with the outliers!
Ya, I took a look, and it looks like he sold 5 or so at true auction, and lost a fortune on every one. Then he canceled the sales instead of going through with them. Note to self... do not sell one of these at true auction if you wanna break even.
Another positive like for the coin - the stars are weird. I like the idea of an eagle in flight instead of perched somewhere, but this could have been posed/executed better. Overall thumbs up.
The mailers from the Mint promoting certain issues are nothing new. I usually get them a few weeks after the release of the issue when I'm assuming sales start to slow down.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Been lazy, just getting around to posting numbers...
1792-2017 American Liberty 225th Anniversary Gold Coin (17XA)
Date
Number sold
Net Increase
Price
Comment
(First 3 weeks sales deleted)
4/30/2017
18,913
406
$1,690
5/7/2017
19,304
391
$1,690
5/14/2017
20,087
783
$1,640
Strong sales this week. (Relatively speaking.) The price drop may have helped.
The 24K Proof Buff went on sales this week. It should be an interesting comparison between the AmLib and the Buff, which may compete against each other.
American Buffalo 2017 One Ounce Gold Proof Coin (17EL)
WTH, table shows hundreds a week sold by US Mint,That ain't going to cut it.
USMint used to sell winner, flippable coins, now sells loser, can't sell as many as we project, design suck coins. Tail is missing, yet ihe reverse is the redeemable feature of this coin.
@epcjimi1 said:
WTH, table shows hundreds a week sold by US Mint,That ain't going to cut it.
USMint used to sell winner, flippable coins, now sells loser, can't sell as many as we project, design suck coins. Tail is missing, yet ihe reverse is the redeemable feature of this coin.
@Kudbegud said:
Nor do they seem to care about a few other things
Sorry to be a dummy. Enlighten me, Couldbegood wizard.
Hell, I'll jump in.
There's a few problems at the mint.
First is the Design by Committee. There have been some real crap designs in the past couple of years. The first American Liberty was just okay. I don't care for the second at all, so the premium over spot made it a no deal. The Commems (except for the BBHOF and Twain coins, because yes, I did like the Twain Commems) have been terrible. To be fair, the 2015-2016 platinum proofs were very well done.
The Mint may have thought that the CCAC and Artistic Infusion Program was a good idea, but they really neglected a basic rule of marketing. You have to give the people who actually buy the product, what they want. For all the surveys I've taken for the mint, it's really never been a question about design.
Then let's talk about pricing. I know the collector side of the mint is self sustaining, but some of the markups are insulting. A proof silver eagle is 320% of spot. The $440 premium over spot for 1ozt 24K gold is really hard to swallow.
We'll see what happens with the silver medal. If sales are wildly successful, then it was the prohibitive cost (to many) which is why the gold coin sales suck. If the sales are bad, it will join the gold AmLib and both commems this year (and last year) as a loser.
Will the Mint rethink their "artistic" strategy and try something different? Probably not.
Tangentially to the coins themselves, is publishing the product schedule. I really dislike how they're doing it now.
Not the best innovative designs like other countries. Most importantly Bi-Metalic which is totally missing from our product line.
3 or 4 coin sets instead of forced to buy singles.
I can't blame the mint for this. This is congress. And the law is pretty specific on what Treasury can do on its own, which is why we only get gold coins and silver/bronze medals. They need to change the laws, but I don't want the US Mint to become, say, Perth. As much as I like Mickey and Donald and R2D2, they can stay off of US coinage, thanks.
Forced to take elaborate expensive packaging with out a basic packaging option.
They tried this once. The 2001 Capitol Visitor's Center. There were like a dozen product options. The non-OGP coins came in a manila envelope with the CoA. Abysmal sales. Now, that could have been because it was the Capitol Visitor's Center, but I don't think the Mint ever tried it again.
BTW
My 2,000th post
lol, when I hit 1,000, I thought to myself, "Geez, I spend too much time here."
@mt_msla said:
This may not be a popular comment but I HATE the bimetallics I hope the mint never goes that way ugh
You are certainly entitled to your opinion. The majority, by a wide margin, of world countries produce Bi-Metalic coins. Mostly for $1, or equivalent, and higher denominations. They are overwhelmingly accepted. If we were to go to a dollar coin that replaces the dollar bill, adopting a Bi-Metalic design would go a long way toward a success.
Not sure why you don't like Bi-Metalic coins. You don't think this would be a nice dollar coin?
Comments
When will the US Mint wise up and make an indentation in the OGP where the coin in the slab will fit right over the top of where the mint capsule currently is?
I personally don't keep the OGP but there are those who would like this.
17,704 is the latest sales numbers on these.
In a table:
no price change this week.
miles is getting his wish
Yeah Ms, the recent PM mint issues all look over-priced in this rising PM market.
That combined with the ability to buy a few of the recent gold Min offerings in 70's for less than current Mint pricing leaves room for patience.
I doubt final mintages will top 30k. That is still a good number, though. The mint can't even sell 2,000 Nancy Reagan Half oz UNC coins.
Overall, ok. Stars and LIBERTY too large. At first glance I thought it may be one of those American tribute coins from Liberia.
Gee, it didn't sell out immediately. Color me shocked.
Yes, it will end up being low mintage...but the reason will be much like it is with the first spouse issues...no one cares.
RIP Mom- 1932-2012
New numbers out:
They could probably cap sales on this coin at 25K...
New numbers are out:
It's actually tracking ahead of last year's Buffalo after four weeks.
The 2017 Buffalo goes on sale in 9 days.
That's expensive for an ounce of gold...
New numbers are out. At this rate, it will take just over 4 years to sell out.
At five weeks in, the 2015 American Liberty had sold 41,241 units.
The 2017 Proof Buffalo gets released in two days. It looks like it may open $50 less expensive than the opening price of the AmLib. ($1590. The Buff is also $50 cheaper than the AmLib on the pricing charts at the same gold spot.)
Didn't buy this one. Too expensive. For a 70 you are looking at $800 over spot. I do believe the silver versions will probably do well especially the reverse proof.
Box of 20
Just got back into the country and gotta say I like this coin a lot. Yeah, the stars are a bit kooky, but everything else is "A" quality except the premium. Just gotta find some cash!
It dropped back down to $1640 today and shows "Limited" but I would not read too much into the limited part.
kiyote
When it says " limited" on the Mint Website, I believe they mean "limited interest". In my case, that is very accurate.
About what I thought on this release.....too expensive and too limited in the taste department....smacks too much of being PC and forcing something. A very minor group seems to like it, but sales seem to show the majority do not like it.
May be worth more in a few years due to low sales.
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
I've soured on the Mint. That means that some rarities are in the pipeline. I never thought I'd see the day.
I knew it would happen.
I'll be in for the 2017 silver medal issues of Liberty- bought the 2016 so need to keep the series up to date.
I just received my 2017 Liberty PR70 DCAM and this coin is really way better than the pictures as the high relief and concave nature of the coin makes it really special. The Stars that seem big in pictures seem to fade away in the actual coin as they are at different heights, so you only "see" one at a time when moving it around as the background is truly a mirror. Anyway, I really think this is a great coin when you see the real thing in top condition.
My US Mint Commemorative Medal Set
The design is right up there with the Shriver and Anthony Dollars
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
Has anyone taken good pics of these yet?
Just checked ebay sales... some of these have sold for about 1,250 on there at true auction.... OUCH!
Yes, from Mr Vintage with feedback of 28 and a 85% positive rating.
Good luck with the outliers!
Ya, I took a look, and it looks like he sold 5 or so at true auction, and lost a fortune on every one. Then he canceled the sales instead of going through with them. Note to self... do not sell one of these at true auction if you wanna break even.
And, if selling them at true auction hits that low, that should tell people about the current demand for these.....
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
It's a beautiful coin. You must see it in person to really appreciate it. I think it's one of the finer Mint creations!
Reminds me of ..ninja stars=shuriken.
new thread coming, but not to toss shade on this one, however, it is something to consider.
The flip side is Jackie Robinson
here is the new thread:
https://forums.collectors.com/discussion/981339/a-56-minute-mint-sell-out
Received USMint via USPS mailer yesterday, 2017 American Liberty Gold on cover, two page mid-mailer spread is 2017 American Liberty Gold.
Get a 1000 ton jack out to fix this flat tire.
Whoa. Mint needs to get a grip.
they had a lot of unused UHR OGP after all was said and done.
I hope they didn't pre-order more than 10k-25k of them.
can't melt them ya know.
Mailers, promotion, overhead, no, you can't, ya know.
Another positive like for the coin - the stars are weird. I like the idea of an eagle in flight instead of perched somewhere, but this could have been posed/executed better. Overall thumbs up.
The mailers from the Mint promoting certain issues are nothing new. I usually get them a few weeks after the release of the issue when I'm assuming sales start to slow down.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Been lazy, just getting around to posting numbers...
Strong sales this week. (Relatively speaking.) The price drop may have helped.
The 24K Proof Buff went on sales this week. It should be an interesting comparison between the AmLib and the Buff, which may compete against each other.
WTH, table shows hundreds a week sold by US Mint,That ain't going to cut it.
USMint used to sell winner, flippable coins, now sells loser, can't sell as many as we project, design suck coins. Tail is missing, yet ihe reverse is the redeemable feature of this coin.
USMintsucks
Strong letter to follow
Like a letter in this day and age would do any good. The mint doesn't care about letters.
Nor do they seem to care about a few other things
Sorry to be a dummy. Enlighten me, Couldbegood wizard.
Just a few that top my list. I'm pretty sure others can add a few of their favorite pet peeves that illustrate the lack of concern by the mint.
BTW
My 2,000th post
Hell, I'll jump in.
There's a few problems at the mint.
First is the Design by Committee. There have been some real crap designs in the past couple of years. The first American Liberty was just okay. I don't care for the second at all, so the premium over spot made it a no deal. The Commems (except for the BBHOF and Twain coins, because yes, I did like the Twain Commems) have been terrible. To be fair, the 2015-2016 platinum proofs were very well done.
The Mint may have thought that the CCAC and Artistic Infusion Program was a good idea, but they really neglected a basic rule of marketing. You have to give the people who actually buy the product, what they want. For all the surveys I've taken for the mint, it's really never been a question about design.
Then let's talk about pricing. I know the collector side of the mint is self sustaining, but some of the markups are insulting. A proof silver eagle is 320% of spot. The $440 premium over spot for 1ozt 24K gold is really hard to swallow.
We'll see what happens with the silver medal. If sales are wildly successful, then it was the prohibitive cost (to many) which is why the gold coin sales suck. If the sales are bad, it will join the gold AmLib and both commems this year (and last year) as a loser.
Will the Mint rethink their "artistic" strategy and try something different? Probably not.
Tangentially to the coins themselves, is publishing the product schedule. I really dislike how they're doing it now.
(snip)
I can't blame the mint for this. This is congress. And the law is pretty specific on what Treasury can do on its own, which is why we only get gold coins and silver/bronze medals. They need to change the laws, but I don't want the US Mint to become, say, Perth. As much as I like Mickey and Donald and R2D2, they can stay off of US coinage, thanks.
They tried this once. The 2001 Capitol Visitor's Center. There were like a dozen product options. The non-OGP coins came in a manila envelope with the CoA. Abysmal sales. Now, that could have been because it was the Capitol Visitor's Center, but I don't think the Mint ever tried it again.
lol, when I hit 1,000, I thought to myself, "Geez, I spend too much time here."
So congratulations, I think...
This may not be a popular comment but I HATE the bimetallics I hope the mint never goes that way ugh
Insert witicism here. [ xxx ]
I do blame the US mint, however for putting "Limited" on items sold online like the First Spouses and leaving it there for over a year!
You are certainly entitled to your opinion. The majority, by a wide margin, of world countries produce Bi-Metalic coins. Mostly for $1, or equivalent, and higher denominations. They are overwhelmingly accepted. If we were to go to a dollar coin that replaces the dollar bill, adopting a Bi-Metalic design would go a long way toward a success.
Not sure why you don't like Bi-Metalic coins. You don't think this would be a nice dollar coin?
@Kudbegud no I'm sorry I don't like that design. I don't like coins with holes in them either.
Insert witicism here. [ xxx ]
Sales certainly picked up. At this rate, expect a sell out in 1.5 years. That's if sales don't drop off.
Buffalo sales are picking up too.
Flying off the shelf
The U.S. Mint
Makes coins of gold
We’ve overspent
For what they’re sold.
Burma Shave
Here's a warning parable for coin collectors...