US Mint sells way more coins

[HistoryStudent]

2 weeks ago - for example, they only sold 102 SPOUSES (gold total)

This week they sold 236.

:hahaha:They are keeping them on sale longer now. So the Johnsons will not be the NEW key. :flute: I'll bet ya!

http://www.coincollectingnews.org/sales-of-us-mint-numismatic-coin-products-increase-slightly/1016629#more-16629


Check out the UNC 5 oz "P"s in the middle and on the bottom the BULLION 5 oz coins.


Chicksaw = 28,400 now in BULLION the "P"s are a better deal because of LOWER mintages and in a set = long term if you can't have both.

[npd1078]

The Mint doesnt seem to want to sell the "P"'s right now. Over a week and still not availible...

[oldgaranddad]

It is hard to judge the mint sales ever since they instituted the dealer bulk sales. A population figure can jump by several hundred overnight. Most of these sales go unreported for weeks. This is one of the reasons that some collectors have stayed away from the new offerings.

[TomD]

It is hard to judge the mint sales ever since they instituted the dealer bulk sales.

Instituted the dealer bulk sales? Would you spend a sentence or three explaining?

[HistoryStudent]

The Mint doesnt seem to want to sell the "P"'s right now. Over a week and still not availible...

There are several factors here at play:

1) supply - the US Mint has exceeded the entire US 36 million ounce yearly mining production just with the ASE not to mention everything else.

2) purchase - they have to buy it elsewhere now probably down South.

3) demand - certain coins are not selling well like the recent 9-11 one as well as future demand depending upon price.

4) bad start - the FUBAR fouled up beyond all belief - original start on the 5 oz'ers killed collecting exuberance

5) stopping the series - probably on the plate too as well as other problems.

6) prices of commodity - going crazy with the sales of 31 tonnes of gold at the lowest price by one player.

7) opportunity - with any of the above one has to do YODD.

8) slabbed - cheap at spot "ish" is wonderful and you have a 5 oz HUNK especially a "P"

[oldgaranddad]

Instituted the dealer bulk sales? Would you spend a sentence or three explaining?

Back in the 90s the mint had trouble selling issues like the 1995 Special Olympics ecspecially with Eunice Kennedy's profile on it. Nearing the end of dispursement period a anonymous foundation bought several thousand coins that were languishing in the mint's inventory to prevent a melting and the precieved disgrace to the Kennedy family by some. The coins still sit in a vault somewhere (if they have not been melted down as rumor has it). Disposal of issues like this gave genesis to the bulk sales programs.

The US mint sells lots of coins in bulk through the Numismatic Bulk Purchase Program (http://www.usmint.gov/bulk/). What is less publicized is the commemorative bulk purchase program where dealers can buy proof and business strike commemorative coins in bulk (for slabbing to create a ready secondary market). Depending upon the issue the coins were available from the mint with or without the packaging. Most dealers who buy in bulk intend to slab their coins and have the mint send them directly to the various grading services from the mint.

[HistoryStudent]

Back in the 90s the mint had trouble selling issues like the 1995 Special Olympics ecspecially with Eunice Kennedy's profile on it. Nearing the end of dispursement period a anonymous foundation bought several thousand coins that were languishing in the mint's inventory to prevent a melting and the precieved disgrace to the Kennedy family by some. The coins still sit in a vault somewhere (if they have not been melted down as rumor has it). Disposal of issues like this gave genesis to the bulk sales programs.

The US mint sells lots of coins in bulk through the Numismatic Bulk Purchase Program (http://www.usmint.gov/bulk/). What is less publicized is the commemorative bulk purchase program where dealers can buy proof and business strike commemorative coins in bulk (for slabbing to create a ready secondary market). Depending upon the issue the coins were available from the mint with or without the packaging. Most dealers who buy in bulk intend to slab their coins and have the mint send them directly to the various grading services from the mint.

Wisdom from OLD M-1 clip GARAND DAD (I like the M1A National Match myself with a 20 round) :love30: Reach out and touch someone on their you-know-what.

The thing that I noticed years ago was that IF one ran normal bullion coins through the grading procedure ONE ends up with a technical "NUMISMATIC."

So when I was stuck with 32 BU 1925 Sovereigns at $100 bucks a piece that were restrikes. I simply ran them through one of the top slabbers and

AB RE-CADBRE = they were 1925 slabs worth MS64 around $550 today. Hell of a trick. Also a HELL of a different basket from the bullion coins too.

Raise your right hand and promise not to tell! :hahaha: Promise OKAY ~ HS

[oldgaranddad]

HistoryStudent: still works to this day! The benefit of having a bullion coin slabbed is that now it has numismatic value and is supposed to be exempt from confiscation (Yeah! Right!) but then again every little bit of legal leverage in your favor is a plus.