2011-atb-five-ounce-silver-bullion-coin-sales-slow-to-a-crawl

[southfork]

http://news.coinupdate.com/2011-atb-...ow-to-a-crawl/

Maybe if the mint wasnt so greedy people would buy.


2011 ATB Five Ounce Silver Bullion Coin Sales Slow to a Crawl
September 1, 2011 By Michael Zielinski 3 Comments
Since the last report published about a month ago, the United States Mint has recorded sales of just 4,100 of the 2011 America the Beautiful Five Ounce Silver Bullion Coins. This is a dramatic change compared to earlier in the year, when the first two designs had sold out of a combined 253,400 coins in less than one month.

The series of over-sized silver bullion coins was authorized under Public Law 110-456 America’s Beautiful National Parks Quarter Dollar Coin Act of 2008. The law created both a new series of circulating quarter dollars and a silver bullion investment product, which feature representations of a national park or site in each of the 50 States, 5 U.S. Territories, and the District of Columbia. Five different designs are scheduled to be released each year from 2010 to 2020, with a single design for 2021.

The America the Beautiful Silver Bullion Coins were first released in December 2010, with only 33,000 coins produced for each of the five designs. The low mintages and initial high premiums charged by some dealers led the United States Mint to implement special terms and conditions for the authorized purchasers responsible for distributing the coins. The terms included a limit of

[cpthnsolo]

Maybe if the mint wasnt so greedy people would buy.

Yes the premiums are higher for the 5oz pucks when compared to 1oz rounds, but consider the fact that there are only a few presses in the world that can make a 3" round and the premiums start to make a little more sense. IMO the premiums for the bullion coins aren't the problem, but the premiums on the collector satin finished 'P' pucks are d@mn near criminal .

On the bright side though, the decreasing sales are setting up for a potential numi key quite nicely .

[southfork]

Yes the premiums are higher for the 5oz pucks when compared to 1oz rounds, but consider the fact that there are only a few presses in the world that can make a 3" round and the premiums start to make a little more sense. IMO the premiums for the bullion coins aren't the problem, but the premiums on the collector satin finished 'P' pucks are d@mn near criminal .

On the bright side though, the decreasing sales are setting up for a potential numi key quite nicely .

Apmex and a multiple other places make 5 ounce rounds and dont feel the need to charge 56 an ounce for them, its only greed.

[Irons]

Apmex and a multiple other places make 5 ounce rounds and dont feel the need to charge 56 an ounce for them, its only greed.

Sunshine mint makes my favorite 5 oz rounds, I had a pile of them @ $65 each!

[Pyramid]

cpthnsolo had a very smilar thread going over the weekend, so I'll put forth a very similar response. The novelty of this series is waning faster than the congressional approval rating. The 2010 set was the one to get with only 33,000 sets produced coupled with all the hysteria, hoopla, and "controversy." Now, the US Mint merely produces these pucks to keep up with demand, regardless of how large or small that may be, as the latter is turning out to be the case. I believe they are mandated to follow this program to the end, but what will the mintages be when the series is winding down ~9 years from now when silver is $125+?

I have two 2010 bullion sets, but have no interest in the overpriced "P" pucks, and very limited interest in acquiring the current and future releases. They are great looking coins, but there are cheaper ways to drop silver in the lake. If you like 'em, carry on, but I personally need to buy gold first and foremost while it's still within reach, and maybe scrape up some silver with what's left over in my budget.

[southfork]

cpthnsolo had a very smilar thread going over the weekend, so I'll put forth a very similar response. The novelty of this series is waning faster than the congressional approval rating. The 2010 set was the one to get with only 33,000 sets produced coupled with all the hysteria, hoopla, and "controversy." Now, the US Mint merely produces these pucks to keep up with demand, regardless of how large or small that may be, as the latter is turning out to be the case. I believe they are mandated to follow this program to the end, but what will the mintages be when the series is winding down ~9 years from now when silver is $125+?

I have two 2010 bullion sets, but have no interest in the overpriced "P" pucks, and very limited interest in acquiring the current and future releases. They are great looking coins, but there are cheaper ways to drop silver in the lake. If you like 'em, carry on, but I personally need to buy gold first and foremost while it's still within reach, and maybe scrape up some silver with what's left over in my budget.

Agreed,the mint is quick to pull silver and gold to raise prices on up tick but never lower them on summer slams. Im just wondering how many of these pucks have been minted and whether this could be a key coin to own. I have 3 of the 2010 sets myself all bought in the 900 range which is under melt right now and will hold these.

[Pyramid]

southfork:
This may answer your question, courtesy of cptnhsolo (post #1):
http://www.goldismoney2.com/showthre...534#post254534

When the word "melt" came into play, there is where I lost most of what interest I had in keeping up with this series.

[ChoiceBU]

What's killed my interest is A. Mint offering only a blasted/light/whatever P coin dribbled out so slowly nobody cares anymore, and B. AP's cherry picking and flooding the market with graded bullion coins at inflated prices (for those of us who would like to collect these in a semi-proof version). Mint dropped the ball with no proof version.

[MrLucky]

I raised the possibility of the 2010 series of ATB as not being the key to the series quite some time ago. I said 2010 would be "A" key, but not "THE" key. I was almost laughed off the planet for saying that. I was originally in the "P" series for the duration, but now I'm not sure if I'm staying in either except for those little silver quarter sets. At least I can get them on a subscription.

[ChoiceBU]

That's just it - the Mint has unintentionally sucked the life out of these by the tortuous dribble dribble of Ps and letting the shiny ones be manipulated by the chosen few and the games that started with the initiation of the series. Look at these posts and how many are bailing on the P's. It's just a matter of time for bullion too. Key may not matter if collectors are disgusted with how this series has played out. I like the coins, just not the process and prices for getting them.

[jogslvr]

Just my simple-minded opinion but I think it would be a wise move for the mint to discontinue the "P" pucks program.
If they don't, I think the sales will shrink to the level of the first spouses.

[ChoiceBU]

Just my simple-minded opinion but I think it would be a wise move for the mint to discontinue the "P" pucks program.
If they don't, I think the sales will shrink to the level of the first spouses.

Did you see that Gettysburg is going to be 35K with 5 per HH limit?? Unbelievable. They must think the history buffs will all turn out for it - maybe

[HistoryStudent]

I was just on MCM site and they sell slabbed 5 ouncers in 20 LOT sets EACH, for a discount. That can't be because of great sales THEREIN.

~HS

[HistoryStudent]

That's just it - the Mint has unintentionally sucked the life out of these by the tortuous dribble dribble of Ps and letting the shiny ones be manipulated by the chosen few and the games that started with the initiation of the series. Look at these posts and how many are bailing on the P's. It's just a matter of time for bullion too. Key may not matter if collectors are disgusted with how this series has played out. I like the coins, just not the process and prices for getting them.

That is so true they KINDA POOPED where they eat - and the collectors do not like the way their plate looks, smells, tastes, and COSTS!

~HS

[Oldmansmith]

All of those bodes well for the series, I'm still buying! PLEASE discontinue dear mint.

[Foxwoods Man]

Did you see that Gettysburg is going to be 35K with 5 per HH limit?? Unbelievable. They must think the history buffs will all turn out for it - maybe

Where was that announced??

I see it...35k mintage...same price...9/22 sale date

[cpthnsolo]

Let me get this straight. In order to remedy rapidly declining sales/interest in the collector pucks, they're going to increase the mintage of the next release in the series? I guess in Bizzarroo world that makes sense .

All of those bodes well for the series, I'm still buying! PLEASE discontinue dear mint.

No kidding! Ideally they'll kill the series shortly after releasing one of the coins and give all the speculators out there a juicy key .

[HistoryStudent]

All of those bodes well for the series, I'm still buying! PLEASE discontinue dear mint.

That was not the subject of the thread - it was all sales.


As long as you mention it - however ~HS

Hell, YES, I'm buying TOO. Both SETS too.


With the Mint giving the collectors a bad time on prices and distribution on different items
will make for INTERESTING low ball NUMBERS minted in the future.

I can't wait for the spouses to hit way over $1,000 from the mint. It's kinda LIKE
$8.00 gas - the streets would be way more empty - as will the sales as we have seen
already on the 5 ounce round LUCKY SILVER HORSESHOES.

[ChoiceBU]

Let me get this straight. In order to remedy rapidly declining sales/interest in the collector pucks, they're going to increase the mintage of the next release in the series? I guess in Bizzarroo world that makes sense .



No kidding! Ideally they'll kill the series shortly after releasing one of the coins and give all the speculators out there a juicy key .

El Yunque Nat'l Forest perhaps?

[HistoryStudent]

El Yunque Nat'l Forest perhaps?

That's a GREAT one for a total SALES loser.

How about these:

National Park of American Samoa in the Samoan Islands

or

Dry Tortugas National Park - off Florida a few hundred miles toward Cuba

or

Isle Royale National Park - in the Great Lakes

or

Haleakaia National Park - in the Hawaiian Islands


or

Channel Islands National Park - who can go there?

[MrLucky]

All of those bodes well for the series, I'm still buying! PLEASE discontinue dear mint.

Perhaps you can explain that statement. Others have said something similiar.

Why would a discontinued series be of interest? Why would a collector (or anyone) want to by it? I can see a complete series being of value, but an aborted one?

Enlighten me please.

[Oldmansmith]

Perhaps you can explain that statement. Others have said something similiar.

Why would a discontinued series be of interest? Why would a collector (or anyone) want to by it? I can see a complete series being of value, but an aborted one?

Enlighten me please.

Because the entire set, as planned, will be far too big for most people to ever try to collect all of. If they stopped the program today, the entire set becomes within reach of many average collectors. Prices would soar IMHO. I'm just hoping it happens because I have an entire set so far.

[HistoryStudent]

Because the entire set, as planned, will be far too big for most people to ever try to collect all of. If they stopped the program today, the entire set becomes within reach of many average collectors. Prices would soar IMHO. I'm just hoping it happens because I have an entire set so far.

Patience OLD MAN SMITH - according to Eric Jordan's book - if they have about 10 coins in a set they would be collected
like you say above.

And frankly we have 10 BULLION BOYZ at 5 ounces - I just want the TEN SP's to come out QUICKLY for 2011 - NOW like NOW - and be delivered.


Then they can say GOODBYE to the PUCKS - really because they are probably running out of silver IMVHO; to be blowing it at so much per coin - they need to make SILVER DIMES not these
SUPER clunks. But who knows, right?

Then I'd pick up a LOT of 10 more from the BIGGIES like YELLOWSTONE, YOSEMITE, and PROBABLY Grand Canyon. Maybe.

[ChoiceBU]

When I actually started reading the list of parks coming out over the next few years, I realized that I cannot get that interested in most of of them other than what I already have purchased in bullion. This series is ambitious and expensive. Salt River Bay National Historical Park and Ecological Preserve in 2020? No disrespect to that park, but how many really want it or some of the others and will collect all up to it? If you've got the money and patience, though, more power to ya.

[MrLucky]

Because the entire set, as planned, will be far too big for most people to ever try to collect all of. If they stopped the program today, the entire set becomes within reach of many average collectors. Prices would soar IMHO. I'm just hoping it happens because I have an entire set so far.

Thank you.

I was originally in for the entire set, and I may still be. Ten yrs (56 coins) is a long time to collect something so big (280 oz). I may just keep buying until either I get tired of the series or I forget to buy it (dementia). I hope they let this go on subscription some day, it would make collect it easier, like the sae's.

[Argentsum]

I picked up the 5 oz Mt. Hood for sentimental reasons.

Otherwise, I'll just stick to bullion. The ATB line is not bullion, its marketing.