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250 2.5 oz quarters struck in philly
Hyperion
Posts: 7,480 ✭✭✭
United States Mint Strikes Limited-Edition 2.5-Ounce Silver Fourth of July Declaration of Independence Quarters | U.S. Mint https://share.google/26RbmlRNkm2eykNrs
Reminds me of the weird tin huge coins they'd sell at rest stops on rural highways
Don't get me wrong Id snag one if I could
For auction only.
...sorry if this is a duplicate thread, I did search.
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Ugh. I edited in the don't get me wrong... I was saying these were struck to be auctioned tho I'm sure rich and powerful people will get them as gifts. I wonder who will get #1
I saw a report on this somewhere on social media and it noted that 3 would go to the Smithsonian.
Fun.
All comments reflect the opinion of the author, even when irrefutably accurate.
https://share.google/DisPvdUEzWrQ9DcWQ
World’s Heaviest Silver Coin: Texas Precious Metals Sets Guinness Record With 2,500-Ounce America 250 Coin
i don't know what to make of this nonsense. The article was written by Texas Precious Metals, the apparent marketer, and the thing is repeatedly called a "coin" with a face value, but no issuing country is mentioned. 🤔
Why all the weird links? This is a US Mint article:
https://www.usmint.gov/news/press-releases/united-states-mint-strikes-limited-edition-two-and-a-half-ounce-silver-fourth-of-july-declaration-of-ndependence-quarters
They are smaller than the five-ounce ATB pucks and Apollo 11 commemorative.
And the same size as other US Mint medals like the comics.
All comments reflect the opinion of the author, even when irrefutably accurate.
sorry if there was confusion. the primary link was to the 2.5 oz silver quarter (for auction)...
the section was a for the heck of it weirdo precious metal "coin".. unrelated. sorry for the confusion
Correct. If this isn't enough to show people that the Mint is cynically exploiting people's desire to chase "rare" modern NCLT at any price, nothing will be.
Anyone with the money and desire to play is obviously more than free to do so, but this really has nothing to do with collecting or numismatics as most of us know it.
Good for the Mint and SB for stumbling upon a very lucrative way to separate eager participants from their money. Good for those proudly adding these to their SDBs.
Other than fascinating talking points, though, I'm not sure what any of this has to do with the 99.99% of the rest of us. Honestly not sure why anyone thinks these are worth their attention or money. 250 coins thought lost forever until discovered decades or centuries after manufacture are one thing. 250 made specifically to be auctioned, not for charity, but for profit, over and over again, are quite another. Oh, and good for those planning on getting involved with the poor man's version, i.e., the Liberty Bells.
Pretty much everything they do on the numismatic side is with regular collectors in mind. Whether they mint to demand, or place artificial caps on things to elevate their price, but still allow them to be attainable to most. Which is as it should be, given that they are a US Government agency. They are not a private contractor, but are acting like one when they manufacture special, extremely limited items for sale to the highest bidder. It is elitist and offensive to me, but I am thrilled for those who choose to get involved.
Gack!
Number one and 250 probably sell for highest amounts. The gold Lincoln Omega is closest comparison.
The poor mans version are the ones being released into circulation for 25 cents, or the 250,000 with the July 4th privy as well.
Nobody has predicted prices for these, due to silver and mintage it may be they sell for $20,000 or higher. The 230 FH silver privy are about 5k but are medals.
Omg. Never ends. They've not even cashed in on Liberty Bells yet & this is announced.
What's next??!!
I wonder if these will be graded for the auction like the omega cents were. I'd like to have one of these, but they will probably be too expensive...
Yet another soon-to-be looong, draw-out session of continual Mint-bashing, nonsensical arguments, pure speculation, and backtracking by NJCoin.
Sigh.
it's pretty off-putting to have a few people on here that argue over and over on many threads after threads
good information is lost in the weeds and the negative tone hurts the boards
Aa opposed to this very positive post that is talking about the coin! 🤣
All comments reflect the opinion of the author, even when irrefutably accurate.
Apparently not so "off-putting" so as to prevent you from posting. So, it's probably all good.
Just what "good information" do you EVER add with your 41,000+ posts that you are afraid might get lost?
Yup. Backtracking. These are going to be GREAT!!!!
No doubt. There is no history of them auctioning things like these raw. And they will go for prices similar to the other items they auctioned. SB is not going to get involved for anything anywhere close to any price an average collector would consider affordable.
There is no "probably" here. They will 1,000,000% be graded, and will 1,000,000% be "too expensive."
Almost certainly $20K+. As far as I am concerned, anything above around $500 will be too expensive for a contrived rarity containing 2.5 ounces of silver. 5 ounce burnished ATB pucks sold for less than $200, and they were also fairly low mintage. Much better deals, then and now.
When everything is limited and special, nothing is special. Good luck to the Mint with this one. I wish them success as a taxpayer.
I'm shocked to read there are some who argue here. Shame on them.
@NJCoin said,
"They are not a private contractor, but are acting like one when they manufacture special, extremely limited items for sale to the highest bidder. It is elitist and offensive to me, but I am thrilled for those who choose to get involved."
You may think that they're 'acting' like a private contractor, but they're not. You may be offended, but who cares...
And so what if they are acting like a contractor (for collectors), by the way? Who are you to judge as to how, when & why they choose to make something special for the 250th (for collectors). By the way, they struck these coins on July 4th , as there were witnesses that saw so in Philly.
Chew on this little tidbit while you're backtracking your way out of bashing the Mint and the 'Hotness' of this offering...⇊
"The coins were minted under 31 U.S.C. 5112(u), which authorizes the Mint to produce fractional silver bullion coins bearing the designs of Semiquincentennial quarter dollars and half dollars in sizes, weights, fineness, denominations and with inscriptions determined appropriate by the Treasury secretary. --US MINT
That's EXACTLY how I'm feeling. You articulated it so well.
I find what the Mint is doing so off-putting. For the first time, it has me re-evaluating the hobby. I've been thinking a bit of just getting out whenever gold goes back up, keeping a very few coins that are really special to me, and moving on.
Since "everything" is not limited and special, the Mint is in a great place, and they're knocking it outta the park lately.
Who am I to judge? A long time collector, US citizen, and taxpayer who is being priced out of collector coins being created by MY US Mint.
That's who I am. I get that they don't care, but I do, and I am using this forum to express my disgust.
That's all. At least until I backtrack and announce to the world how great I think this is. 🤣
Who are YOU to question my bona fides to judge?
The mint cannot satisfy everyone, there are limits to everything, and coins is one of them.
This is not the mint crisis hotline.
Isn't it, though? If not, why are people posting anything other than links to press releases, images of Mint web pages and ATS counts?
Not a crisis hotline? Says who?
Who cares who bought what? Or how much time they spent in a waiting room? Or how great you think anything is? Etc., etc., etc.
It's all fair game. Including complaining about how the US Mint is becoming the Franklin Mint, one questionable decision at a time.
such a pleasant thread
Glad you are enjoying. I am here for your amusement.
You sure are bona fide, in more ways than one, to be sure
What "long time collector, US citizen, and taxpayer" isn't being priced out of certain collector coins being created by "MY US Mint" besides EliteCollection , wondercoin, and a dozen other deep-dish collectors here? LOL. SMH.
You need to get out more, bud. Your envy, anger, and disgust directed at the Mint is a bad look for you.
Were you "priced out" of YOUR US Mint collector coins pictured below? Yeah me too. One can't have everything the Mint puts out there, FYI...
.
.-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
The mint is not becoming the Franklin mint, and these threads prove it. You may not like these low mintage products, but many do. This is how the mint should have been doing things all along. They have finally woken up and seen what power they have.
It's too bad they didn't do this earlier in the year with many more products.
If there are more special low mintage issues like this 2.5 oz Privy Quarter and the 230 Privy Gold in the future, the USM will "water down" the excitment of getting a low mintage issue; as the next could be lower yet, diluting the prices as collectors lose interest.
The Ignore feature is there for a reason. If you choose 2 certain individuals the threads become much shorter and much nicer to read.
Also, less tempting to respond to them which is what they want. If EVERYBODY put them on ignore only those 2 would respond to each other.
[redacted]
If you post links, please strip everything from the ? to the end - we don't need our browser history comingled with yours. And you might not like it, I might be visiting nasty sites like ANACS...
ANA 50+ year/Life Member (now "Emeritus")
Author: 3rd Edition of the SampleSlabs book, https://sampleslabs.info/
I wonder if this will become a frequent new mint moneymaker - small mintage item auctioned off.
😆 🤣 😂
All comments reflect the opinion of the author, even when irrefutably accurate.
I think they are doing some numismatically significant releases. With the view to greater brand value.
I see no downside. It's working, they are obviously growing a customer base for limited edition material. That should benefit the whole product lineup as values remain steady on those issues.
It always comes down to value. They may overshoot at times but there have been some winners recently.
Yeah. The Franklin Mint was also doing great. At least until "they have finally woken up and seen what power they have." At some point after that, the goose just got tired of laying golden eggs, and died. Where is the Franklin Mint now?
Yes. Thank you very much for the PSA. Most participants in this forum would be lost without your useful guidance.
FOMO is really a terrible thing. You not only don't want to play yourself, but, for some reason, it bothers you to no end that others choose to engage.
You are supposed to be Ignoring. Not making third hand references to the conversation at hand, urging everyone else to Ignore, when no one else is even complaining.
I actually don't "want" anyone to respond, other than YOU!!! Do you have any idea how difficult it is to get someone to engage when they have you on Ignore??? Thank you, thank you, thank you!!! From the bottom of my heart, thank you. You truly made my day!!!
It sure feels like it. At least until people lose interest.
"Frequent" is in the eye of the beholder, but they do seem to be targeting one or two per year. While I personally find it offensive, because it really goes beyond their mandate and does make them look and feel like a small time private operation exploiting a market, if people are willing to pay, you really can't blame the Mint for taking advantage of the situation if that's where leadership's head is at. Serve the collecting public, or milk it until there is no more milk left to be had?
HSN constantly features low mintage strictly limited edition crap made by PAMP and monetized by whatever tiny autonomous region is willing to accept a fee in return for slapping its name and a King Charles effigy on the trinket. The Mint thinks it lends credibility to the enterprise by getting into the game, when, in reality, they are just cheapening their own brand. And maybe losing people along the way, who might just become disgusted and lose all interest in anything they make for the numismatic market. Time will tell, but all golden geese eventually die.
Agreed.
You should look at what the UK Royal Mint is doing with its pattern/die trial auctions. Every year, hundreds of off metal patterns in mintages of 1 to 10.
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https://franklinmint.com/
All comments reflect the opinion of the author, even when irrefutably accurate.
Not the same thing. They no longer actually make anything. They are just an online marketer now.
They probably struck these on the same planchets as the 2.5 ounce silver comic medals.
Composition: 99.9% silver
Weight: 2.500 troy oz.
Diameter: 2.000 inches / 50.80 mm
Edge: Plain
Okay. But even this is things that were made for a legitimate commercial purpose that they are choosing to monetize by selling. They are not making these things just to auction off.
Similar, but very different. Selling, hubs, dies, even surplus Denver Mint presses are one thing. Manufacturing rarities for no reason other than direct sale to the public is something else. At least to me.
250th is big deal.
We're not there yet on overshoot.
When the waiting rooms dissipate then call me. We may be in a golden age of modern Mint collectibles.
Argue against that.
Yes, but that is where they are.
All comments reflect the opinion of the author, even when irrefutably accurate.
No. I'm pretty sure they are just making those things to auction off. You need to go look at the catalog.
All comments reflect the opinion of the author, even when irrefutably accurate.