Ok...at risk of being flamed....5 ounce ATB bullion pucks
BigA
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I know VERY few here respect this product but the recent Douglas AND Ozark, according to multiple AP's and dealers, has been declared sold out by the Mint at 20k. This equals the Hawaii and Denali as the lowest mintage bullion pucks and those are getting pretty decent markups. . Douglas is already in the $160-170 range and up from the $100 pre-sale
Any love here?
1
Comments
They are cool because they 'come with their own magnifying glass'. I collect the P mint proofs.
No love at all from me. The trouble with these things is that they have nothing to do with history or circulating coinage. They are just something that the mint has made to sell, which unlike Proof sets, are far larger than the actual coins for commerce.
Silver's silver. Some nice designs here and there. I collect them as they come out.
Here's a warning parable for coin collectors...
I like them - big beautiful coins (not into coins less than half dollar size) if can get MS69 for less than 5 ASE MS69 1 oz pieces. They are a good bullion investment if get relatively close to BV but bulky carry around. I have one but would not want more than 5.
A guy in coin club has 20 of these all PCGS 69 slabbed saying "now got 100 oz silver." Cool deal.
I think they are cool and love looking at them at shows but have never bought one because the premium over silver seems so high. Some day maybe
You could say the same thing about many US commemorative coins including some of the classic commemoratives.
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
I ordered one for the first time just for the bullion . Had no idea what one looked like. When I got it I didn't think it was real !
That's true, but some of the classic commemoratives, like the Cincinnati, Hudson and Washington – Carver have some nice juicy scandals attached to them.
5 ounces of silver, nothing more, so far as I am concerned.
(flicks my Bic)
I'm not so sure that they are "sold out." So far they have produced 20k each, but there is nothing that will prevent them from producing more in 2017.
Completely agree. I don't collect Bullion....and never will.
Kinda like the 2016 silver medal
Except there are no P Mint 5 ounce proofs
We just bought a Ozark box on the secondary market for a client (for about $1500 more than idea) - was glad to find one, since they are genuinely difficult. Not 100% sure where all 20,000 went so quickly. Wondering if anyone bought a group on spec...they are a good way to own silver. Imagine if you wanted a large quantity of silver - if you could have bought at issue price, you could control the market in a coin.
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I'd love to have a couple as conversation pieces but the premium is just too high.
The problem I have with the mint declaring a bullion version "sold out", is just because the mint depleted their inventory, doesn't mean the sellers have depleted their inventory. There could be 10K left in the vaults of the bullion dealers, but now charge a higher price.
Looking at the collector version, both the Mounds and Douglas have only sold 15K of the 25K mintage, about the same as Volcanoes and Denali. Should this trend continue (and I don't see it getting better with the designs the Mint is producing), sales down around Volcanoes and Denali could continue for several issues, making it a more common mintage, and prices will probably adjust to the market at that point. (That being said, Volcanoes and Denali are probably a much more popular place than say... Effigy Mounds. Out of curiosity, has the price for Volcanoes and Denali eroded now that silver is half of what it was in 2012?)
For grins, I did the math. Assuming there will be 56 of these, that's 280 ozt or 23.3 troy pounds. (19.2 avoirdupois pounds!)
Edit to add: I do buy the collector versions, mostly of the parks I've been to. I don't collect the bullion.
Premium when first issued for the 5 oz bullion pucks is no more than the bullion ASE's which is cheap compared to the P Mint Mark collector version. Need to stay on top when first issued and not wait for the secondary market when no longer available from the Mint.
By now, we all know your distaste for bullion or modern issues. There is no need for you to repeat your comments every time there is a bullion or modern coin related thread. Some of us like big silver compared to tiny silver stuff.
I was just agreeing with Bill. And it's not the "Big" silver I don't care for. It's the design and the fact that it was made yesterday. I just prefer old classic coins with history. Also...it wasn't a bash....so I don't understand the bash by you.
Provident has ozarks for 118 each. Anyone seeing them for less anywhere else? Think they might be a decent short term investment if the mintage stays?
Yep, I buy some of every release. The markups over spot are pretty low for US Mint product, so any collectable value is just bonus. And the designs are interesting, some ugly, some cool, but interesting to look at.
I grew up near Effigy Mounds and it's really a beautiful place. I enjoy the 5 ozers, just the heft alone makes them fun.
I knew it would happen.
While not quite the same, the 2010 bullion pucks have their own controversy. When they were first available from the authorized purchasers, Apmex decided to capitalize (nothing wrong with that in my opinion) on the low mintages (at the beginning of the series many believed that 33k was really low). People were unhappy and the US Mint actually made the various APs, including Apmex, sell for a predetermined premium and make the coins available to the public. Apmex even had to refund some people who had bought at the earlier prices.
Plus there were limits. I believe only 1 set could be purchased and there were many people who tried to pick up a set from each one of the 9 APs (including some people waiting in a line in winter to buy from one of them).
http://www.sj-r.com/x1049173619/Silver-bullion-coins-attract-crowd-of-collectors-to-Springfield
I gave one to my 13yo niece as a birthday gift and oddly enough she loves her "giant quarter" that's "worth a lot". Go figure lol. The novelty of them does appeal to youngsters for some reason.
It's all about the biggest shinny coin.
I subscribed with the mint to buy them when this series began since I though that this would be a neat way to buy some silver at close to melt value. While these are NCLT (non circulating legal tender) coins just like other bullion coins and commemorative coins, they are indeed legal tender US coins. In fact, they are by far the largest and heaviest coins ever produced by the US Mint which makes them unique. I like the fact that every coin has a different design and honors each state, territory and D.C. with a portrayal of a park, monument, or other feature representing that state. Not everyone is going to like these coins but name one series that everyone likes. Also it doesn't hurt the collectability of these coins that the mintages are fairly low and yet they are quite affordable. Also, many of the designs are quite artistic and interesting. So, the bottom like is collect what interests you and enjoy the hobby and don't feel the need to bash what other people decide to collect.
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
Re: decent price for Ozarks (free shipping and via CC...$113.75)
ebay.com/itm/2017-ATB-5oz-Silver-Ozark-National-Scenic-Riverways-/332261688207?_trkparms=5079%3A6000000123
I collected a few of them until my mobile home started leaning in the direction of my stash.
Thanks for the "heads-up"
@MANOFCOINS I'm truly curious; what do you disagree with in my post?
Nice way to collect large silver.... some have very nice designs..... I find them more interesting than silver bars... Not bashing bars, just personal taste....Cheers, RickO
Agree. They're sure a lot more interesting than rolls of ASE's with every coin having the same design that hasn't changed in 30 years. I have many rolls of ASE's but I must admit they are boring.
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
The buy-sell spreads on ASEs are always better, but I've noticed that the 5 ozers are getting a bit more reasonable on the buy-sell over the years. Maybe it's because there are more of them floating about these days.
I knew it would happen.
I collected a few of them until my mobile home started leaning in the direction of my stash.
If Dansco would only make an album for them!
I knew it would happen.
I collect the P 5 oz. coins with my daughter. She looks forward to the next design. Some designs are very good and others so so. We enjoy the collecting experience. Wish the P coins came with a reeded edge.
I bought the Kisatchie National Forest 2015 coin because of the Flying Turkey reverse.
There are not many turkeys on US coins.
United States Kisatchie National Forest 2015
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
Well, not the bird, anyway. (Restrain yourself Backroad... Others should probably do the same.
)
And did you know there's a thread on CU about that? (And did you know it's your thread? LOL...)
Wild Turkeys on Coins
I had the same thought but you beat me to it.
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
Too big for the SDB. Too dangerous to keep at home. Too unimportant to care.
Doggedly collecting coins of the Central American Republic.
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If you buy from Modern Coin Mart on Ebay with 8% Ebay Bucks and a 1 1/2% Cash Back Credit Card and Ibotta App for 1% cash back you get down to $108-ish delivered which if the 20k mintage holds could net you a flip of $30 to $40 after fees on Ebay in a few months or less.
Only collected the first two years in dmpl 69 and few of the sandblasted versions from the mint from various years. Did collect the pcgs dcam 70s silver proofs for the first 5 years and gave up on those also.
Box of 20
I pick up the ones I think have a good design. The 2013 Fort McHenry is one such that comes to mind.
Maybe there's price manipulation involved? Anyway, that's way overpriced for 5 oz bullion.
For less money, might as well get the uncirculated version.
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I may be in the minority on this one, but I think the Effigy Mounds coin is really an interesting and eye-catching design; well executed in spite of the difficulty of conveying the subject matter to a coin as small as a quarter.
I agree with another poster that the Kitsatchie (sp?) coin is also a good one....although I admit to being a long time nature enthusiast and birdwatcher so I may be biased.