ATB GIANT QUARTERS - Yay or Nay?
Onastone
Posts: 4,154 ✭✭✭✭✭
There is another 5 oz silver coin being released Tuesday...the Ozark Riverways. I haven't seen much excitement for these "Giant Quarters" How do you feel about these coins? Anybody collecting them all? Are they just a good value for silver? I'm on the fence about these, have a few but think they're kind of clunky. Jumbo coins seem like a novelty. What's your take on these?
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I love them. It's a great way to buy some silver. I have a complete set and the latest is in the mail.
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'm shooting for a full set too. But I'm a little crazy.
I like them and buy the ones that I find attractive.
A few years back everyone had these at shows. Now, it's actually hard to find them. I don't find them appealing, especially not at a premium to melt value.
I would buy them if they would get a bit closer to melt.
I have never bought one but I think they are cool. I agree with the premium to melt.
The reverse can be attractive.
I would consider a Mt Rushmore or Yellowstone close to melt
The P version that is going on sale tomorrow is not a value play for silver...the premium is waaay out there. The bullion version is (was) a better idea. (I say "was" because the Mint interestingly stopped production of the last two (Ozark and Douglas) at 20k and the premiums now reflect that.
The above being said I do collect both versions but lean towards the bullion version as both a metal and numismatic play. One or two of the P and a tube of 10 of each bullion product.
Mt. Rushmore sells for $125-140, Yellowstone $180-220 (5 oz. spot is just under $80)
punt
BHNC #203
It's obvious that not everyone likes these coins but I can't think of a single series that everyone likes. I think Morgan dollars are incredibly boring. If you've seen one , you've seen them all. At least each issue of the ATB's has a different design and the mintages are fairly low. Also, I can't think of any collectable series that can be purchased at such a small premium over their melt value with perhaps the ASE or AGE being the exception.
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
They have attractive designs, on a large enough 'coin' to be appreciated. I do not buy them as I consider liquidity will be a factor. Cheers, RickO
You can get most of the last few years of "P's" at below issue price so not a great buy. The bullion version has been a better investment even with the drop in spot silver. Definitely not a pure metal play
I think it is such a unique coin that you either love them or hate them---if they appeal to you, go for it!
I'd be more interested in them if they had that ' old school' relief to them, and if they were closer to melt.
I really like the series as a whole. Some are definitely clunkers, but especially those that feature our natural parks have been beautiful. I don't consider them a "money play" because of the premium, but love digging them out to look at them. One reason people like them is that as a lot of us are getting older, these are some of the few coins we can appreciate without glasses on!
Bigger is not always better if it's a headache.
``https://ebay.us/m/KxolR5
Got the fever early, found that it (buying all) too much to keep up, and now have some early issues kicking around. This endeavor might have caused me to become a dark-sider.
Now if the parking meters would take them a guy would be able to park all day without having to fret about putting another quarter in.
``https://ebay.us/m/KxolR5
If only the bullion was $2/oz over like they were supposed to be...
I could never get past the quarter on steriods look
The thing that really bothers me is the $.25 face value. I know NCLT values are essentially arbitrary and don't mean anything. And I understand that in Canada, retailers and even banks are refusing to honor face value on NCLT pieces.
But I like the idea of having a real precious metal option that connects the American dollar to gold and silver, no matter how imaginary and tenuous a connection it may be.
If a $50 face value is unrealistic, make them $10. Silver won't ever fall below $2 an ounce again.
But a quarter? A_ quarter_? That's flat out goofy. It may be a minor point, but it will probably keep me from ever owning one.
--Severian the Lame
One more modern gimmick designed to get your money and gather dust in your collection after that.
You could say the same about classic commemoratives and early proof coins. At one time they were modern gimmicks sold "to get your money".
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
Many of the classic commemoratives have an interesting story behind them. I suppose you could call the Cincinnati commemorative “a hunk of junk” because the only thing it commemorated was greed. Ditto for the way the Hudson commemorative because rotten way it was distributed for the benefit of the dealers who got control of the supply. Some of the classic commemoratives did actually mark some worthwhile event, however.
Cincinnati
Hudson
As for the early Proof coins, to me that is collector art. They were the best representatives of the designs of their time. If they are junk, then modern Proof sets are junk.
These blown-up quarters are just a reflection of mint taking advantage of concept that was introduced by the barkers on TV. I remember listening to them hawking them as “investments.” Well they might have qualified as a way to buy silver, but beyond that they didn’t amount of much. Ditto for these giant quarters.
Are there really collectors who look at a set of these things and derive great pleasure from them the same way I do from the classic pieces I have in my collection? If so I’d love to read their posts as to why these things are so compelling as collectors’ items.
I got one, might get one or two more. Can't decide if I like the "uncirculated" frosty one that comes in a sweet box, or the "proof" shiny one that comes in a plastic casing. I received an uncirculated one for Christmas last year. It's hard to justify the cost for something like that, so it's more of a Christmas list item than something I'd go out and buy.
Thanks for the feedback. Looks like there's a lot of mixed feelings about these and some of you raised some good points! I do like seeing the back of the quarter like it's under a magnifying glass!!!! However, not all of the designs are equally artistic. I don't like the Shawnee design or the Effigy Mounds....but the Blue Ridge Parkway is super. Also another good point about face value of 25 cents.....25 dollars would feel better, or maybe even 50 dollars as it is 5 ounces.... They really do feel like novelty coins to me, too big to feel like a real coin. I like the feel of a "big" coin to be silver dollar sized. Was there a surplus of silver? Is that why the mint began this series? Would the mint go retro and redo the State Quarters as 5 oz coins next? That might be an interesting series!
One or two of the P and a tube of 10 of each bullion product.
Bullion product?
What is this? (Dumb question of the day)
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
I love them and have 8 so far.. they're about the only coins I show to non-collectors that visit. The quarter face value is hilarious.
I'm trying to strike a balance between numismatic interest and liquidity preservation. My compromise in recent years has been to emphasize coins with PM content. Accordingly, I've been acquiring the pucks in all forms as they come out, both for looks/visual appeal/historic & culture interest, and the 5 ozs of silver.
We're all on a continuum here, from collector purists like Ricco, to those who are in it just to buy and sell.
Here's a warning parable for coin collectors...
There are two versions...a matte/satin like finish with a P mintmark sold by the Mint at $149.95 (capsule/presentation box) and a bullion version (shiny finish/no mintmark sold by dealers (singles or tube of 10) at spot plus...the bullion version has had better price appreciation even with decreasing silver prices.
Well, looking at recent silver closings, 50 dollars is approaching spot!
I've mostly only bought the places I've been to, which is most of them. It's a lot of silver.
Ozark goes on sales today, for those interested. I'm in for one since I've stopped my subscription...
I like them but the storage aspect on the P mint versions with the government packaging can be a problem.
The shiny ones look like garbage , like they are thin foil over a 5 oz. chocolate coin
Love them especially slabbed MS69 - if get close to melt - yay yay!
I find Morgan Dollars boring, American Eagles killed Saints and Walkers, Classic Commems flatlined, ATB coins fantastic designs!
So define "close to melt" on these ATB's.
"Close to melt" ain't gonna happen since the AP's pay a premium over that melt AND spot has dropped recently..melt for these is just under $80...the pre-sales for the next puck (Ellis Island) is running around $94 in quantities of 10 which is about as close as you will get
These are 5oz as well?
Out of the loop with this one, I'm not collecting this issue.
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Yup...exactly the same as bullion ASE vs. Burnished ASE
BigA
I didn't know there were two versions, Thanks~
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
I would rather pay $50 more for a 10 oz Queen's beast bullion. Go big or go home.
j/k
The truth, I am pretty close to complete my ASE, all three type except for a couple of key dates. And I am starting to regret of collecting them.
I am piling up 1 oz silver proof britiania with the mintage between 500-4000 at the same cost of the mintage of 100,000 and more within the U.S coins.
I like them quite a bit, and many of them are actually quite interesting designs, but I do agree with Weiss that the $0.25 designation is idiotic.
I knew it would happen.
Has anyone tried using one as a pocket peice?
...or a golf ball marker on the green
FORE!!!!!!!!
Some people try to say Silver is a great part of a "survival " plan. Others say a good weapon is a necessary part of a survival strategy. Others might try to cover both bases with these large pieces of "weaponized Silver".
Has the Mint ever considered making these pucks in the shape of an eastern "Throwing Star". It might draw a few Kung Fu hobbyists into the Numismatic field. Could they come up with a new alloy called Steelver or maybe Sileele?
Any attempt to pull new people into Coins is worthwhile. If Self Defense Coinstars is what it takes.. ... it's gotta be good.
That's the first time I've ever heard a coin described as a PUCK!!!!!!!!!!!! You may be onto something, I ordered one from the government and received an email thanking me for ordering the newest quarter puck! I've heard of coining a phrase, but you've phrased a coin~
I laughed the first time I saw one. Crazy big size for a "quarter dollar".
But it's grown on me.
And I liked last year's Roosevelt-on-horseback (North Dakota) design a lot. So I didn't hesitate to pull the trigger on both the bullion and matte (uncirculated) versions.
Glad to have 'em, no regrets. But I don't want to collect the entire series.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
No, but they will be curving them like the BBHoF coins. Maybe they'll be more aerodynamic, you know, like a Frisbee. That's it, call 'em Frisbees!
To da' MOOOON, Alice!
Really? They've been referred to as pucks since their inception. At least I've been referring to them as pucks, and I didn't invent the term...
They're the same diameter, and weights just a little under a hockey puck. They just cost a bit more...
Agree....puck has been a often used term for this issue
Thanks! I didn't know that. Makes sense. Anybody interested in a MS70 Hockey Puck, never hit the ice?