ATB 'P' Mint Mark Coin Thread

[lightcycler]

Even if you think the P is going to sell out for some reason, you can buy the puck on the 29th of May and the set on the 29th of June, it's going to be on sale for a month. For only four weeks, from June 7, 2012, to July 5, 2012, the United States Mint will be offering a special new set to coin enthusiasts..

I just want to buy em before they raise the price. Have some time before that happens.

[pay dirt]

Ok. That does it for me! I'm done trying to figure out the Mint's logic (if any). Much easier to figure out how Dennis Rodman's mind works.

Its a government run operation, it does not apply logic like the free market does. They make cents not sense.

[badhop55]

Its a government run operation, it does not apply logic like the free market does. They make cents not sense.

I agree they don't make sense but in this (UNC 5oz ATB) case they don't make cents either. Using last week's sales figures the Mint had 89,496 2011 "P" pucks left on the shelves selling at a rate of 1420/mon for all 5 issues. At that rate it will take 5 1/4 years for the 2011s to sell out but now with the announced sale of the 2012s another 175,000 (assuming 35,000 mintages/coin) "P" pucks will be added to the inventory. Common sense tells me sales of the 2012s will detract from the already pathetic sales of the 2011s and that boggles my already boggled mind.

The only thing that does make sense is drastically reduced "P" puck mintages starting with the 2012 issues.

[charlie1023]

I agree they don't make sense but in this (UNC 5oz ATB) case they don't make cents either. Using last week's sales figures the Mint had 89,496 2011 "P" pucks left on the shelves selling at a rate of 1420/mon for all 5 issues. At that rate it will take 5 1/4 years for the 2011s to sell out but now with the announced sale of the 2012s another 175,000 (assuming 35,000 mintages/coin) "P" pucks will be added to the inventory. Common sense tells me sales of the 2012s will detract from the already pathetic sales of the 2011s and that boggles my already boggled mind.

The only thing that does make sense is drastically reduced "P" puck mintages starting with the 2012 issues.

Therein lies my concern as well, I have a feeling we will see prices rise coupled with perhaps the move to reduce the number minted per issue. Factor in that I think this new issue may be one of the more popular issues as it really is a nice depiction of "El Yunke" and may see some brisk purchases compared to some fo the older issues that continue to lag. Toss in the remaining issues that are due this year and we will have a glut until mintage numebrs are reduced to elimiante overage and drive desirability.

[ChoiceBU]

Its a government run operation, it does not apply logic like the free market does. They make cents not sense.Would be so easy:

1. Tie the price to weekly spot like with gold and plat

2. Make a %$@* proof for those who like the shiny

3. Do a little marketing, offer them in a set for a discount - something, anything:boring:

[pay dirt]

Slabbed PCGS 69, 15 below the mint.

http://www.apmex.com/Product/66594/2011_P_5_oz_Silver_ATB_Glacier_SP_69_PCGS_Roosevel t.aspx

[farscott]

Thanks. That is a screaming deal for a TR and silver fan.
Slabbed PCGS 69, 15 below the mint.

http://www.apmex.com/Product/66594/2011_P_5_oz_Silver_ATB_Glacier_SP_69_PCGS_Roosevel t.aspx

[badhop55]

P Puck sales for week ending 21 May 2012...Yikes!

2011-P Gettysburg 5 Ounce Uncirculated Silver Coins 21,602 21,656 54 0.25% 35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins 18,195 18,227 32 0.18% 35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coins 15,848 15,889 41 0.26% 35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coins 15,844 15,888 44 0.28% 35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coins 14,015 14,070 55 0.39% 35,000

That's a total of 226 2011 UNC 5oz ATBs sold this past week.

As a comparison the week prior saw total sales of 355. That's a 36% drop in total sales over a week and does not factor in the effect of the upcoming 2012 release.

I have a visual:

Opening shot showing front of US Mint.

An old guy in coveralls whistling tunelessly walks by a calendar showing the year 2022. He opens a creaky door, walks to the far corner of a dimly lit room and starts dusting off numerous items stored on a shelf. The camera moves in tight to show stacks of 5 oz UNC 2011 Chickasaws, Glaciers etc.

[luke2012]

Slabbed PCGS 69, 15 below the mint.

http://www.apmex.com/Product/66594/2011_P_5_oz_Silver_ATB_Glacier_SP_69_PCGS_Roosevel t.aspx

I wonder if Apmex has some inside knowledge about if the mint is going to lower the price of these? It seems odd that Apmex would sell these coins for below the price the mint is selling them at unless they thought the mint was going to lower prices?

[TiKi]

Still too much being minted. I'd like to see 15k.

"The 2012-P El Yunque Five Ounce Silver Uncirculated Coin will go on sale May 29, 2012. The mintage limit will be 25,000 coins."

[howellzin]

http://news.coinupdate.com/america-the-beautiful-five-ounce-silver-coins-1389/

On May 29, 2012, the US Mint will begin accepting orders for the numismatic version of the El Yunque Five Ounce Silver Coin. Pricing is established at $204.95 each, with a maximum mintage of 25,000.

Release dates for the next two numismatic releases of the series have been provided. The Chaco Culture Five Ounce Silver Coin will be released on July 9, 2012, and the Acadia Five Ounce Silver Coin will be released on August 13, 2012.

[pay dirt]

Still too much being minted. I'd like to see 15k.

"The 2012-P El Yunque Five Ounce Silver Uncirculated Coin will go on sale May 29, 2012. The mintage limit will be 25,000 coins."

No Worry, if 2011 is an indicator it should be well under 20,000.

Anyone else find it interesting that first release dates have highest sales while the last releases have the lowest. This is true for 2010 and 2011 so far. If that is true for 2012 Denali and Hawaii should be lower sales.

[Oldmansmith]

Hope they don't can it before Denali. Having climbed it I really want one.

[pay dirt]

Hope they don't can it before Denali. Having climbed it I really want one.


That is a great achievement. Many have died trying to summit that mountain. Of the 2012 series I think Denali is the best one, Hawai'i is a close second.

[HistoryStudent]

US Mint - Sold so far to last week:

AMERICA THE BEAUTIFUL 5 OZ SILVER UNCIRCULATED COINS

Hot Springs National Park NLA NLA NLA 27,000
Yellowstone National Park NLA NLA NLA 27,000
Yosemite National Park NLA NLA NLA 27,000
Grand Canyon National Park NLA NLA NLA 26,019
Mount Hood National Forest NLA NLA NLA 26,928
Gettysburg National 77 85 54 21,656
Glacier National Park 60 56 32 18,227
Olympic National Park 59 58 41 15,889
Vicksburg National 57 72 44 15,888
Chickasaw National Area 90 84 55 14,070

*************************************************

AMERICA THE BEAUTIFUL 5 OZ SILVER BULLION COINS

Gettysburg 126,700
Glacier 126,700
Olympic 85,100
Vicksburg 38,300
Chickasaw 28,900




Try to buy the LOW minted ones for good price... ~ HS

IE: Look at Gerrysburg UNC at around 22K versus BULLION at around 127K - take a guess which one is a better NUMISMATIC item, right?

[SongSungAU]

http://news.coinupdate.com/america-the-beautiful-five-ounce-silver-coins-1389/

On May 29, 2012, the US Mint will begin accepting orders for the numismatic version of the El Yunque Five Ounce Silver Coin. Pricing is established at $204.95 each, with a maximum mintage of 25,000.

Release dates for the next two numismatic releases of the series have been provided. The Chaco Culture Five Ounce Silver Coin will be released on July 9, 2012, and the Acadia Five Ounce Silver Coin will be released on August 13, 2012.

With the current price of silver, they are asking a hefty premium. I wonder how low silver will have to go before they reprice these lower.....


18440

[pay dirt]

The bullion version is currently going for 40 dollars less. For those counting their pennies that premium is an extra ounce of silver. Guessing there will be an initial sales spike for hard core collectors and then it drops off a cliff settling below Chickasaw sales unless they decide to reprice.

[Oldmansmith]

For once I am going to hold off and see if they reprice. I have already ordered the bullion, and will be buying one, but cheaper is better!

[lightcycler]

For once I am going to hold off and see if they reprice. I have already ordered the bullion, and will be buying one, but cheaper is better!

I'm with you. I'm in no hurry at all.

[drpiranha]

I bought all the 2011's at the same time and saved by having 1 shipping charge. I'll monitor the sales, and pick up an individual issue prior to the whole set being out there if the price drops by $25 or the sales hit 20K.

Milt

[farscott]

I have been buying the "P" coins in the aftermarket for less than the Mint charges, and I am going to continue to do so for as long as I can. The Mint should reprice the coins as the silver value is less than $140, so the markup is over $60. The Mint price should drop by at about $10 to keep the surcharge in line.

[ChoiceBU]

I have been buying the "P" coins in the aftermarket for less than the Mint charges, and I am going to continue to do so for as long as I can. The Mint should reprice the coins as the silver value is less than $140, so the markup is over $60. The Mint price should drop by at about $10 to keep the surcharge in line.Agree the Mint should drop the price and generate some interest (how about some marketing while they're at it). Just remember that the reason you got them for less than Mint price in the after market was because of speculators out there gambling on these and many have lost money just trying to unload them. With pm's tanking and so little interest, there will probably be a lot fewer sold at this price point, future after market purchases may just be around Mint price anyway. These 2012's should be available for a while though, so plenty of time to see which way the wind blows.

[Dude]

I have been buying the "P" coins in the aftermarket for less than the Mint charges, and I am going to continue to do so for as long as I can. The Mint should reprice the coins as the silver value is less than $140, so the markup is over $60. The Mint price should drop by at about $10 to keep the surcharge in line.


Someone likely took a loupe and determined it won't make MS-70, so you get a discount.

[farscott]

Probably, but I am not concerned with chasing MS-70 coins as I think the graded coin scam will one day go the way of the tulip bulb bubble. I find it funny how I can take a raw coin, get it graded MS-69, crack it out of the holder, send it back to the same grading company, and have it come back MS-70.

My real concern is silver that is hard/unlikely to counterfeit at fair prices. The five ounce coins have relatively low mintage, a USG imprint, and would need a special press to make or counterfeit.
Someone likely took a loupe and determined it won't make MS-70, so you get a discount.

[badhop55]

I am very curious to see what effect sales of the 2012s will have on the weekly numbers for the 2011s which have been in the double digits per coin for the past 2 weeks.

[ChoiceBU]

Someone likely took a loupe and determined it won't make MS-70, so you get a discount.Yep, there are lots of 69s. I had the Hot Springs graded last year and it came back a 68.:mad:

[ChoiceBU]

I am very curious to see what effect sales of the 2012s will have on the weekly numbers for the 2011s which have been in the double digits per coin for the past 2 weeks.You mean they can go lower?!;)

[Dude]

Probably, but I am not concerned with chasing MS-70 coins as I think the graded coin scam will one day go the way of the tulip bulb bubble. I find it funny how I can take a raw coin, get it graded MS-69, crack it out of the holder, send it back to the same grading company, and have it come back MS-70.


Just like grading anything in this entire world, there are differences of opinion. Grading won't go away. You/we/they place extra value based on higher grade - no matter what the product. You may not be willing to pay an extra 5% for a better grade, but someone may and I think the market will always be there, unless we be talkin' ZombieWorld.

[badhop55]

3rd straight week with each coin selling in the double digits.

2011-P Gettysburg 5 Ounce Uncirculated Silver Coins 21,656 21,728 72 0.33% 35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins 18,227 18,284 57 0.31% 35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coins 15,889 15,944 55 0.35% 35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coins 15,888 15,949 61 0.38% 35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coins 14,070 14,143 73 0.52% 35,000

A total of 318 coins for this past week. The previous week was 226 and the week before that 355.

[HistoryStudent]

3rd straight week with each coin selling in the double digits.

2011-P Gettysburg 5 Ounce Uncirculated Silver Coins 21,656 21,728 72 0.33% 35,000
2011-P Glacier 5 Ounce Uncirculated Silver Coins 18,227 18,284 57 0.31% 35,000
2011-P Olympic 5 Ounce Uncirculated Silver Coins 15,889 15,944 55 0.35% 35,000
2011-P Vicksburg 5 Ounce Uncirculated Silver Coins 15,888 15,949 61 0.38% 35,000
2011-P Chickasaw 5 Ounce Uncirculated Silver Coins 14,070 14,143 73 0.52% 35,000

A total of 318 coins for this past week. The previous week was 226 and the week before that 355.

Melt the rest and put them into the 2012 coins all five of them... ~ HS

:hmmmm2: Huh?