ATB 'P' Mint Mark Coin Thread

[savvydon]

Sales figures for 21 and 28 Mar for comparison.

U.S. Mint's latest sales figures as of yesterday, 28 Mar.

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 20,768--149
2011-P Glacier National Park 17,555--120
2011-P Olympic National Park 15,200--117
2011-P Vicksburg National Park 14,983--157
2011-P Chickasaw National Recreation Area 12,866--213

Sales numbers for previous week 21 Mar below.

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 20,619--183
2011-P Glacier National Park 17,435--162
2011-P Olympic National Park 15,083--151
2011-P Vicksburg National Park 14,826--214
2011-P Chickasaw National Recreation Area 12,653--282

Sales are slowing to a dribble. These mint pucks are a great deal. If silver goes down this year 2012 numbers go up, creating scarcity for the 2011 series. If price of silver goes up their value does as well by dint of their bullion content. My only complaint is that the OGP takes up so much space. Then again, NGC will slab these bad boys for $20 a pop.

[Foxwoods Man]

Then again, NGC will slab these bad boys for $20 a pop.

Don't forget to add the oversized holder fee of $20 to that

[Milanion]

Don't forget to add the oversized holder fee of $20 to that

Nope, it's only $20 - http://www.ngccoin.com/news/viewarti...ission-Special

The special has been going for a couple of months, I don't know how long it'll last though. I agree with HistoryStudent, they do make nice bread/saucer plates.

[Foxwoods Man]

Thanks...I didn't know that. Sounds like a deal....

[MrLucky]

Nope, it's only $20 - http://www.ngccoin.com/news/viewarti...ission-Special

The special has been going for a couple of months, I don't know how long it'll last though. I agree with HistoryStudent, they do make nice bread/saucer plates.

I originally saw this and thought of sending in all my 2010's and 2011's. $20 x 10 = $200 and I might even score a few 70's. Could really be worth it.

Then I started thinking....... No one cuts you a break without a good reason. NGC must know that something is "screwy in St. Louie" with this series. They must have oodles & oodles of these plastic coffins. They don't want to be stuck with them, hence the "great deal" for certifying them. You get a good deal, they get rid of the slabs. The question is ....... is this really a great deal? Are you paying for slabbing a dead series. NGC is trying to get back their money (for the slabs) before demand drys up.

I don't always agree with HC when he says "buy the coin, not the holder". But I do this time. I think I'll pass, sorry NGC.

My only complaint is that the OGP takes up so much space. Then again, NGC will slab these bad boys for $20 a pop.

You must be joking, right? Like the dinner plate slab, doesn't take up space? I prefer the PCGS slabs as they are smaller and I think look nicer. But that's just mho.

I can put all 5 "P's" in a usps priority mail box + all 5 of the bullion series in the same box. I mark each box with the year. Nice neat storage, ready to be shipped away, in a hurry, if necessary.

[lightcycler]

I originally saw this and thought of sending in all my 2010's and 2011's. $20 x 10 = $200 and I might even score a few 70's. Could really be worth it.

Then I started thinking....... No one cuts you a break without a good reason. NGC must know that something is "screwy in St. Louie" with this series. They must have oodles & oodles of these plastic coffins. They don't want to be stuck with them, hence the "great deal" for certifying them. You get a good deal, they get rid of the slabs. The question is ....... is this really a great deal? Are you paying for slabbing a dead series. NGC is trying to get back their money (for the slabs) before demand drys up.

I don't always agree with HC when he says "buy the coin, not the holder". But I do this time. I think I'll pass, sorry NGC.




You must be joking, right? Like the dinner plate slab, doesn't take up space? I prefer the PCGS slabs as they are smaller and I think look nicer. But that's just mho.

I can put all 5 "P's" in a usps priority mail box + all 5 of the bullion series in the same box. I mark each box with the year. Nice neat storage, ready to be shipped away, in a hurry, if necessary.

I got four sets of 2010 bullion 68dmpls from APMEX in the great letter escapade. I still have them in the huge packaging they sent them in. Nice packaging but need to work on consolidating and storing the packaging somewhere.

I have not taken the time to get a better storage system. Good thing my wife is easy going

[savvydon]

I originally saw this and thought of sending in all my 2010's and 2011's. $20 x 10 = $200 and I might even score a few 70's. Could really be worth it.

Then I started thinking....... No one cuts you a break without a good reason. NGC must know that something is "screwy in St. Louie" with this series. They must have oodles & oodles of these plastic coffins. They don't want to be stuck with them, hence the "great deal" for certifying them. You get a good deal, they get rid of the slabs. The question is ....... is this really a great deal? Are you paying for slabbing a dead series. NGC is trying to get back their money (for the slabs) before demand drys up.

I don't always agree with HC when he says "buy the coin, not the holder". But I do this time. I think I'll pass, sorry NGC.




You must be joking, right? Like the dinner plate slab, doesn't take up space? I prefer the PCGS slabs as they are smaller and I think look nicer. But that's just mho.

I can put all 5 "P's" in a usps priority mail box + all 5 of the bullion series in the same box. I mark each box with the year. Nice neat storage, ready to be shipped away, in a hurry, if necessary.

I grant you that the NGC slabs are huge but at least they stack and seem to organize better than the OGP 'P' boxes. I do a agree that the more compact oversize PCGS holders are a bit more user friendly. Although the NGC slabs are more imposing the pucks they are currently housing are not so much so... for now, anyway.

[badhop55]

A look at the last 4 US Mint sales reports and the pattern shows a constant drop off in sales. At these (11 April 2012) rates it will take 48 months (4 years) for both the Glacier and Olympic coins to sell out. In other words the last of these 2 coins will go out the Mint door in April 2016! Meanwhile, if the program is not terminated coins for 2012, 2013,2014,2015 and 2016will either be for sale or coming on line as competition. I just don't see the UNC versions as a viable part of the ATB program.

11 APR 2012 Mint sales report (673 coins sold)

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 21,055 146
2011-P Glacier National Park 17,755 89
2011-P Olympic National Park 15,409 101
2011-P Vicksburg National Park 15,287 148
2011-P Chickasaw National Recreation Area 13,270 189

4 APR 2012 Mint sales report (731 coins sold)

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 20,909 141
2011-P Glacier National Park 17,666 111
2011-P Olympic National Park 15,308 108
2011-P Vicksburg National Park 15,139 156
2011-P Chickasaw National Recreation Area 13,081 215

28 Mar 2012 Mint sales report (756 coins sold)

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 20,768 149
2011-P Glacier National Park 17,555 120
2011-P Olympic National Park 15,200 117
2011-P Vicksburg National Park 14,983 157
2011-P Chickasaw National Recreation Area 12,866 213

20 Mar 2012 Mint sales report (992 coins sold)

AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2011-P Gettysburg National Park 20,619 183
2011-P Glacier National Park 17,435 162
2011-P Olympic National Park 15,083 151
2011-P Vicksburg National Park 14,826 214
2011-P Chickasaw National Recreation Area 12,653 282

[ChoiceBU]

They can't give em away at $205. Any chance they may get reduced again before being pulled?

[lightcycler]

They can't give em away at $205. Any chance they may get reduced again before being pulled?

I don't think so but what the heck do I know . Things are getting interesting.

[badhop55]

I don't think so but what the heck do I know . Things are getting interesting.

Interesting for sure!

If I was running the Mint step one would be to ask those brainiacs in congress to terminate the entire 5 oz program including bullion. If, in the their unquestionable wisdom, they say no to this request then as Mint director I would make every effort to drop the bullion mintages to around 40,000 (which genius dreamed up 126,700 anyway?) and eliminate altogether the UNC versions limiting their time in the sun to 2010/2011.

How does the saying go: "Stupidity is making the same mistake over and over expecting a different result."Something like that.

[southfork]

Interesting for sure!

If I was running the Mint step one would be to ask those brainiacs in congress to terminate the entire 5 oz program including bullion. If, in the their unquestionable wisdom, they say no to this request then as Mint director I would make every effort to drop the bullion mintages to around 40,000 (which genius dreamed up 126,700 anyway?) and eliminate altogether the UNC versions limiting their time in the sun to 2010/2011.

How does the saying go: "Stupidity is making the same mistake over and over expecting a different result."Something like that.

“Insanity: doing the same thing over and over again and expecting different results.”
Albert Einstein

[MrLucky]

........make every effort to drop the bullion mintages to around 40,000 and eliminate altogether the UNC versions limiting their time in the sun to 2010/2011.

I am continually confused why most posters want the UNC version stopped, and the bullion version continued. I assume it's a bullion vs numi argument. But if it's not that simple, someone please enlighten me.

Actually, I'd prefer to keep the UNC version and stop the bullion. With the UNC, you get a pretty box, with the bullion you get maybe a sleeve or a capsule. But it's bullion, who needs it to be pretty? If you want bullion, go buy some SAE's. They'll be easier to dispose if tshtf than some 5 oz mutant SAE.

mho

[lightcycler]

I am continually confused why most posters want the UNC version stopped, and the bullion version continued. I assume it's a bullion vs numi argument. But if it's not that simple, someone please enlighten me.

Actually, I'd prefer to keep the UNC version and stop the bullion. With the UNC, you get a pretty box, with the bullion you get maybe a sleeve or a capsule. But it's bullion, who needs it to be pretty? If you want bullion, go buy some SAE's. They'll be easier to dispose if tshtf than some 5 oz mutant SAE.

mho

The law that was written stipulates that the bullion version be produced. The UNC version is a voluntary offering on the part of the mint. The mint can stop the unc if they want. To stop the bullion requires changing the law and an act of congress (no pun intented.....ok ya )

[badhop55]

The law that was written stipulates that the bullion version be produced. The UNC version is a voluntary offering on the part of the mint. The mint can stop the unc if they want. To stop the bullion requires changing the law and an act of concress (no pun intented.....ok ya )

The link below covers the law mentioned by lightcycler requiring the Mint to produce the bullion versions. A similar requirement cover ASEs as well. Bullion first and then UNC/Proof versions if conditions allow.

http://news.coinupdate.com/previewin...on-coins-0505/

[MrLucky]

Got it. Thank you.




Still none of this favors the numi community. Or maybe it does ..... by producing limited number issues almost guaranteeing rarity, though not necessarily demand.

[ChoiceBU]

It's pretty messed up either way. The $ is being split between bullion and P's right now. If they discontinue the P's, the bullion would be the only version of the series collected, and in particular, those in the higher grade slabs (I can only hope since I have some and underwater on them). Otherwise, you might end up with rejects from retailers, the ones they decide are too scratched and dented to grade. Nobody seems to be promoting the 2012's either, so are they are giving up the flip?

[lightcycler]

Got it. Thank you.




Still none of this favors the numi community. Or maybe it does ..... by producing limited number issues almost guaranteeing rarity, though not necessarily demand.

"IF you build it.....they will come!!!!!" In that from another world voice

[Allyoop]

Silvertowne is having a sale today on the ATB's.

[ChoiceBU]

Silvertowne is having a sale today on the ATB's.

Silvertowne has the graded P's on sale. Apmex has Glacier PCGS FS slabbed bullion 69DMPL at $188.55 (522). The 69PL is $10 cheaper, about the same as the raw coins. They've got to be taking a hit on these just trying to unload them. Wonder if any will offer future graded issues, bullion or P? Doesn't seem too profitable.

[MrLucky]

Somebody knows something and it sure ain't us......

The Mint isn't releasing the 2012 "P" 's even though it's almost May!

NGC is having a fire sale on slabbing the ATB's.

Bullion vendors are discounting the slabbed bullion & "P" 's.

Something is afoot.

[Chester-Copperpot]

Got a feeling all the money I've spent on these, might have been better spent on generic rounds, and bars.
Also think the graded stuff, will price in comparison, to a regular Silver Eagle. An MS69 Eagle, wont bring much more in an auction, than a raw would.

This just hit me while pondering the whole ATB fiasco. Maybe they are going to continue the series, but the mintage's on the 2012's will be very low. So if the 2012 are the key, the 2010's and 11's they are looking to off load.

[MrLucky]

This just hit me while pondering the whole ATB fiasco. Maybe they are going to continue the series, but the mintage's on the 2012's will be very low. So if the 2012 are the key, the 2010's and 11's they are looking to off load.

Good point.

How about this thought? They are going to look at the list of buyer's who bought them all so far, and offer them the opportunity to buy the series by subscription. But limit it to 1 set per household.

I already buy the real quarters on a subscription, why not the 5oz ATB's?

Anyone else have a theory besides stopping the series?

[ChoiceBU]

Got a feeling all the money I've spent on these, might have been better spent on generic rounds, and bars.
Also think the graded stuff, will price in comparison, to a regular Silver Eagle. An MS69 Eagle, wont bring much more in an auction, than a raw would.

This just hit me while pondering the whole ATB fiasco. Maybe they are going to continue the series, but the mintage's on the 2012's will be very low. So if the 2012 are the key, the 2010's and 11's they are looking to off load.

Agree and I think these are taking a serious back burner to the eagles - there is much more interest in them, another special set (2 coins) in the works. This series in this economy is too ambitious. 2012 should be much lower numbers both versions. Who knows after, but no way I'm paying much over spot for any future coins.

[SongSungAU]

Anyone else have a theory besides stopping the series?

The mint didn't start selling the 2010 5 ounce coins until May of 2011 (at least that's when I show I bought my first one) so maybe they will start selling the 2012 coins in May. ???

They just started selling the 2012 GAE coins and the 2012 SAE coins this month so maybe there isn't a plan to quit the ATB 5 ounce coins...

• maybe they just are doing a poor job of keeping the 2012 Scheduled Products Listing properly updated with release dates.
• or maybe I don't know what I'm talking about.

[TiKi]

These ATB remind of collectible items I follow. First no one wants them and are pushed aside. Since demand dries up production stalls , is cut back or is halted. Then a few years down the line people start to see the rarity in them and start to buy them up. Then bam price explosion cause everyone's got to have it now and we don't peak and crash but plateau for a while. 2010 or 2012 will be the keys. 2011 they got greedy and made too many.

[ChoiceBU]

These ATB remind of collectible items I follow. First no one wants them and are pushed aside. Since demand dries up production stalls , is cut back or is halted. Then a few years down the line people start to see the rarity in them and start to buy them up. Then bam price explosion cause everyone's got to have it now and we don't peak and crash but plateau for a while. 2010 or 2012 will be the keys. 2011 they got greedy and made too many.

Don't forget the most recognized parks were issued in the first year, first year roll out turned into a disaster, and no Mint proof coin, just a blast finish.

[charlie1023]

Good point.

How about this thought? They are going to look at the list of buyer's who bought them all so far, and offer them the opportunity to buy the series by subscription. But limit it to 1 set per household.

I already buy the real quarters on a subscription, why not the 5oz ATB's?

Anyone else have a theory besides stopping the series?

I find it hard to believe the Mint will manage a subscription for those that have already purchased, just call me negative. That said I don't think they will cx the series just yet, they still have that fancy press they bought sitting at the mint for knocking out these 5 oz pucks that needs to get used I would think in order to pay the thing off. I see it being a very real possibility that mintages for the P's are lowered to some very real desirable numbers and maybe accompanied with an even higher premium in order to recreate a buzz and risk/reward for those willing to stick it out for the long haul, I think sort of makes it a win win to some degree for all parties. Then again I'm just guessing out loud here and the mint could have already shut it down as some are speculating already....

[Dude]

I find it hard to believe the Mint will manage a subscription for those that have already purchased, just call me negative. That said I don't think they will cx the series just yet, they still have that fancy press they bought sitting at the mint for knocking out these 5 oz pucks that needs to get used I would think in order to pay the thing off. I see it being a very real possibility that mintages for the P's are lowered to some very real desirable numbers and maybe accompanied with an even higher premium in order to recreate a buzz and risk/reward for those willing to stick it out for the long haul, I think sort of makes it a win win to some degree for all parties. Then again I'm just guessing out loud here and the mint could have already shut it down as some are speculating already....

Get a production run of GIM rounds through that machine.

[lightcycler]

No ATB P's for 2012 yet on the schedule. Even more telling is no 2012 Bullion. Look around plenty of 2011 stock still out there. Why would dealers buy the 2012 when they can't get rid of there 2011 stock?

[TiKi]

No ATB P's for 2012 yet on the schedule. Even more telling is no 2012 Bullion. Look around plenty of 2011 stock still out there. Why would dealers buy the 2012 when they can't get rid of there 2011 stock?

Personally I hope they end it right here. They made too many in 2011. I think they if they go forward they will make very limited runs. Remember these are 5ozers not 1ozers .

Bullion for 2011 was 126,700. Thats 633,500 ozes per release.
That is 3,167,500 ounces of silver for the 2011 ATB bullion only.
Add the P's and you got 4,042,500 oz of AG.
That sure is a hell of a lot of silver to collect. And that's just 2011.

[HistoryStudent]

5 oz. silver bars in a silver future that's a question mark?

FOR SUPPLY!

http://www.silverseek.com/article/cr...-impact-silver

[ChoiceBU]

OK, Ok, I ordered a set of the things today at 205 per. Said I wasn't going to pay over spot and no more P's after 2010...hell, not even puck fever, just a sickness it is!

[Chester-Copperpot]

It is a sickness, its friggin mental. I'm up to my nuts in these 5 oz Pucks. You might think that's a figure of speech, but your wrong. I stacked them one on top of another, and I'm ball deep.

[farscott]

I find it interesting that APMEX is selling the 2011 "P" coins for less than the Mint is. Not by much, but a little less, when shipping is figured. I am continuing to slowly purchase the coins, trying to buy when silver prices dip. Just added another one this morning to the pile.

[Tig]

And now NGC has made the ATB picture even more cloudy.

Sometime on Monday, NGC added a new type (or variety) of the coin. On my NGC Registry complete set, a line has now been added for a Glacier and a Gettysburg P coin graded as a MS coin. That’s right, a P coin graded as a MS coin, not as an SP coin as we have become used to over the last two years. So now we can have a P coin graded from NGC as an SP 70..........and a MS 70 (for example).

That’s just great! More coins to collect in this series. Just what we needed! Let’s confuse the public, and collectors even more than they already were. This is a great way to kill the series collectability even for the diehard collectors like me because the light finish coins were tough and expensive enough, and now this.

Just to summarize, let’s see, in this one type of coin we have at a minimum,

1. Bullion MS
2. Bullion MS PL
3. Bullion MS DPL (or PCGS DMPL)
4. Collector P SP
5. Collector P SP Light Finish (or PCGS Light Satin Finish)
and now
6. Collector P MS

This will cause headaches. Stop the madness. Somebody help me!

[ChoiceBU]

I find it interesting that APMEX is selling the 2011 "P" coins for less than the Mint is. Not by much, but a little less, when shipping is figured. I am continuing to slowly purchase the coins, trying to buy when silver prices dip. Just added another one this morning to the pile.

Be warned, if Apmex is selling the mint coins in box (not graded) it's because they weren't good enough to grade and have issues. Not saying that they are bad purchases if at the right price for bullion, but my experience has been disappointing buying ungraded coins from Apmex except for one. IMO, if Mint items are still available from the Mint, it's not worth a few dollars less to get an Apmex reject. At least with the Mint, you can return a bad coin.

[Foxwoods Man]

Be warned, if Apmex is selling the mint coins in box (not graded) it's because they weren't good enough to grade and have issues. Not saying that they are bad purchases if at the right price for bullion, but my experience has been disappointing buying ungraded coins from Apmex except for one. IMO, if Mint items are still available from the Mint, it's not worth a few dollars less to get an Apmex reject. At least with the Mint, you can return a bad coin.

I can't argue with that...if they were selling for the same price as the bullion then it would not be an issue but I would also assume the P's have been picked over.

[drpiranha]

It is a sickness, its friggin mental. I'm up to my nuts in these 5 oz Pucks. You might think that's a figure of speech, but your wrong. I stacked them one on top of another, and I'm ball deep.

Either you're rich or you're a Dwarf

Milt

[farscott]

Since I do not submit coins for grading, I am not overly concerned about the condition. That being said, the one coin that was an issue (had a nick in the field on the obverse) was replaced by APMEX with no hassle. I strongly suspect that many of the "P" coins are sold to APMEX by individuals and are not too cherry-picked based on what I have received in the past.

[Foxwoods Man]

Correct....APMEX buys the P minted coins from collectors that are willing to sell them at much less than what they originally purchased them for. This in itself would raise a big red flag in my brain. APMEX would be fine for bullion pucks but I wouldn't buy a raw P from them unless it was the same price as the bullion version.

[ChoiceBU]

Correct....APMEX buys the P minted coins from collectors that are willing to sell them at much less than what they originally purchased them for. This in itself would raise a big red flag in my brain. APMEX would be fine for bullion pucks but I wouldn't buy a raw P from them unless it was the same price as the bullion version.

If there is any other source for buying individual raw bullion pucks, I will not purchase from Apmex, gotten too many beat up rejects. That being said, I don't have an issue with graded Apmex products and they may end up being the only source for future coins as many are dropping the series like a hot potato. Still, I would rather buy ungraded Ps from the Mint because I'm 99.9% sure they are less handled...

[TiKi]

If there is any other source for buying individual raw bullion pucks, I will not purchase from Apmex, gotten too many beat up rejects. That being said, I don't have an issue with graded Apmex products and they may end up being the only source for future coins as many are dropping the series like a hot potato. Still, I would rather buy ungraded Ps from the Mint because I'm 99.9% sure they are less handled...

Provident has the bullion for $163 right now.

[ChoiceBU]

Provident has the bullion for $163 right now.

Already got my quota of 2010/2011s but hope Provident does continue the series. Also, their buy prices are decent. I always check theirs out before considering other options.

[TiKi]

Already got my quota of 2010/2011s but hope Provident does continue the series. Also, their buy prices are decent. I always check theirs out before considering other options.

If you've bought from provident, what do they ship the pucks in??

[Oldmansmith]

If there is any other source for buying individual raw bullion pucks, I will not purchase from Apmex, gotten too many beat up rejects. That being said, I don't have an issue with graded Apmex products and they may end up being the only source for future coins as many are dropping the series like a hot potato. Still, I would rather buy ungraded Ps from the Mint because I'm 99.9% sure they are less handled...

I bought all mine from MCM (except the 2010 releases of course). No guarantees, and you can't return them, but all of mine look great, with no obvious flaws. They come in plastic wrap so you need to buy the plastic holders. I bought them for my collection so I don't really care about paying for the slabs (and they fit in the display case much better), but have been pleasantly surprised so far as they look MS 69 at least to me.

[ChoiceBU]

If you've bought from provident, what do they ship the pucks in??

That was over a year ago, so I don't remember but it was an Olympic and nice non-cherry picked. I had ordered airtites for the 2010s and had enough for any pucks that came naked.

[lightcycler]

Provident and Apmex are still selling 2011 bullion. If and when the 2012's hit the market I'll be buying tubes of 10 of each of them. I feel the mintage will be crazy low. They can't get rid of their 2011's. I think the mint will have to give em a refund

[ArtieMcD]

If you've bought from provident, what do they ship the pucks in??

I bought some from them last month and they all came in the Z5 - Air tites

[HistoryStudent]

5 oz. silver bars that are round and have been slabbed by NGC or PCGS in SP69 are not a stupid bet in a world that will soon lose
control of the paper in Taking Pelham & Quantitative Easing from 1 to 2 then 3

Get 'em DENSEL!