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New US Mint curved coin

Discussion in 'PM's - Coins - Numis - Base Metals' started by Piggybank, Mar 14, 2014.



  1. Piggybank

    Piggybank Seeker Seeker

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    Seems like junk to me...
    http://sports.yahoo.com/news/u-mint-sell-curved-coins-honoring-baseball-hall-202526803--mlb.html

     
  2. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,It should be good for playing TIDLY WINKS!:idea::thumbs_up::23_28_100s::banana::ban-cha:

    the DUCK :s9:
     
  3. Tbonz

    Tbonz Gold Member Gold Chaser

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    I thought that this was an early April fools joke, boy was I wrong.
     
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  4. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    Problems with the curve but no issue with this?

    Obviously not true but worth a raising of an eyebrow
     
  5. farscott

    farscott Seeker Seeker

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    I am tempted to buy the $5 gold and $1 silver just because it these are the first curved US Mint coins and I am a huge baseball fan. The premiums are a bit concerning, so I am going to take my time deciding on these.
     
  6. <SLV>

    <SLV> Gold Member Gold Chaser

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    Unpopular newly minted coins (low mintage) can go on to be collectible numismatics. Not saying I'm going to get one of each, but if you are a collector...
     
  7. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,The new coins are MAGIC coins:yes: --- when you use them they evaporate and return to the mint!:idea::thumbs_up:

    That way the mint will never run out of the new coins.:thumb.aspx::cry1:

    http://www.youtube.com/watch?v=2QGI436b6Gs

    the DUCK:15_1_70v:
     
  8. squirk

    squirk Seeker Seeker

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    I received my order form from the US mint today featuring this coin. The $5 gold coin is 90% gold and 10% alloy. The dollar is 90% silver and the half dollar is a nickel and copper amagalmation. Mintage for the gold is 50,000. For the silver, 400,000. The silver offerings are $51.95 for the proof and $47.95 for uncirc. This is introductory pricing and lasts until April 28th. Then it goes to $56.95 and $52.95 respectively.
     
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  9. RUSH2112

    RUSH2112 Gold Member Gold Chaser

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    Stupid looking coin.

    Looks like something the Royal Canadian Mint would dream up.

    Is there an image of a steroid injection needle on it?
     
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  10. Ragnarok

    Ragnarok I'd rather be Midas Member

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    I might've been interested in a mint set of this design on regular (flat) coins in gold and silver.

    Not interested in the curved plated version.

    R.
     
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  11. Tig

    Tig Seeker Seeker

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    Thought a picture might interest some.

    There is a lot of discussion on some websites that the gold versions might sell out first day. If it does and the ratio of proofs sold to the mint state coin is high enough it might make the MS gold coin worth owning for a longer term flip. One would have to wait to see the final mintage of each.

    These coins will also be the first ever curved coin made by the Mint if that's worth anything.

    I do have a feeling the silver and gold coins will sell very well because it's baseball. I'll save you the quote from the movie, Field of Dreams.
     

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  12. gringott

    gringott Midas Member Site Supporter Midas Member

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    It looks swelled up like barry bonds head.
     
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  13. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    I still think 50k is a LOT of 90% gold to sell and I definitely do not see it happening on the first day...week.....month

    Silver at 400k is a lot but may be doable....most sales going to the proof

    Recent commems just haven't been a great investment. The silver will sell because it's a great conversation piece and there is the baseball thing....I'll get a couple of those but just as collectibles
     
  14. <SLV>

    <SLV> Gold Member Gold Chaser

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    The article says the $5 gold is plated, but according to the mint it is a 90/10 alloy. There is just a smidge under 1/4 ounce of gold in it.

    I'm going to try to snag a complete set. The fact that many people hate the design makes me think it will have long-term collectibility.

    Which has the potential to be more valuable -- Proof or MS?
     
  15. HaroldS

    HaroldS Seeker Seeker

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    I'm too old for the long term collectibility. Unc issues on other commemoratives are lower than proofs, and I'm paying more for them than proofs but still only if close to melt. The Jackie Robinson has held up pretty well, and I still dont have that in unc - 5,174 vs 24,072 in proof.
     
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  16. Oldmansmith

    Oldmansmith Midas Member Midas Member

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    Gimmicky curve and ugly design. I'm passing.
     
  17. Tig

    Tig Seeker Seeker

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  18. Spectrism

    Spectrism Seeker Seeker

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    They should mint hollow coins in honor of our traitorous government.
     
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  19. <SLV>

    <SLV> Gold Member Gold Chaser

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    I'll be in line at noon tomorrow.
     
  20. Solo

    Solo Midas Member Midas Member

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    If the coin sells out before the end of the year there will be some upside, however after a year or two prices will most likely decline and those who held them too long will have missed their chance to move them. The fact it's the first concave coin is neat and certainly a bit of a wild card factor, but 50k pieces is a LOT of coins these days and if a significant premium were to develop anyone holding them should dump them immediately.

    I don't have extra money to speculate at the moment, but even if I did I would pass on this one...
     
  21. phideaux

    phideaux Mother Lode Found Mother Lode

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    [​IMG]

    Do they mint these farkin' things at Area 51 or what:questionmark:

    :36_11_6:
    :s13:

    :signs14:
     
  22. <SLV>

    <SLV> Gold Member Gold Chaser

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    How's that waiting room supposed to work? Have they ever done this before?

    I've got a busy day tomorrow -- are they going to require me to sit at my computer for hours until they offer me a chance to buy one and give me 15 minutes until the offer expires?
     
  23. Tig

    Tig Seeker Seeker

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    Here is the Mint version. I've had the same question about the 15 minute "logged in" limit.

    http://www.usmint.gov/websiteinfo/improvements/?action=Dec2013

    And this from Mint News

    http://mintnewsblog.com/2013/08/the-us-mints-new-waiting-room/
     
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  24. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    Good explanation...that's exactly how it works...maybe not "hours" but a painful time period none the less
     
  25. Solo

    Solo Midas Member Midas Member

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    Guys, this coin is NOT going to sell out in a day so if you're busy don't change your plans. You can always order one tonight whenever you get home. I've watched the last 10 $5 commen's sell only a few thousand in the first week so there's no way in hell all 50k sell out today. Sure I could be wrong, but in my mind there's less than a .1% chance of this thing selling out within hours.

    Meh, I guess we'll know soon enough :)
     
  26. <SLV>

    <SLV> Gold Member Gold Chaser

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    I got into the "pre-waiting room" waiting room 10 seconds after it opened.
     
  27. <SLV>

    <SLV> Gold Member Gold Chaser

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    In the Waiting Room with 11 minute wait time.
     
  28. <SLV>

    <SLV> Gold Member Gold Chaser

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    Got the shopping cart "full", and having a terrible time trying to get checked out (site is SLOW... keeps kicking back into the catalog when I try to check out).

    I think they let too many people into the store. Checkout can't handle the demand.
     
  29. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    Well...I stand corrected. I went on at 12:15 and I was given a 2 hour 19 minute wait time....
     
  30. Bender

    Bender New Member

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    Yea... did the pre waiting room and I got in early with an initial 14 min wait time, the site decided I had some time on my hands and needed a new Que number, so it redirected me to the back of the line and gave me a new 2 hour 37 min wait time. Guess I'll just get them later.
     
  31. Layla

    Layla New Member

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    It is pretty goofy looking. And it's gonna take up more vault space than a same sized standard coin would. Who is going to want these? Okay, I'm in! :36_2_36:

    Yup SLV, the checkout process is buggy. I was in the "waiting room" before noon and then it reset to a 22 minute wait. When it was my turn, after I clicked on the product page, I was logged out of the site for inactivity. :mad: I hit the browser's back button a few times and that worked. Pages were slow to load but once I got to the payment stage it was pretty darn quick to take my money.

    Good luck everybody! Maybe these will make nice gifts to kids someday.
     
  32. <SLV>

    <SLV> Gold Member Gold Chaser

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    Got through! I'll post pictures in a couple/few weeks.
     
  33. MrLucky

    MrLucky Silver Member Silver Miner

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    Don't feel bad Foxwoods. Now it's almost 3 hours.
     

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  34. Shortstack

    Shortstack Bain of the Authoritarian Follower Gold Chaser

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    I think I will get the proof and incerc gold coins, and 5 each (proof and uncerc) of the silver coins.
    That is after my 2 hour and 53 minute waiting time in the penalty box
     
  35. MrLucky

    MrLucky Silver Member Silver Miner

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    As of 2:20 PM the time is down to 22 minutes.
     
  36. Foxwoods Man

    Foxwoods Man Silver Member Silver Miner

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    I can't believe I went for these.....like a lemming
     
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  37. Solo

    Solo Midas Member Midas Member

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    Tisk tisk... and I know you knew better too ;) :p.

    All kidding aside though if enough people actually make this thing sell out there will definitely be upside, but considering how the mint can't seem to sell even 10k $5 gold commen's in recent years I just can't imagine that demand will suddenly quintuple. I'll certainly be watching for those mint numbers next week :)
     
  38. gold4278

    gold4278 Seeker Seeker

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    How much is the gold coin selling for now (I am in waiting room for 40+ minutes)?
     
  39. PhucilliJerry

    PhucilliJerry Gold Member Gold Chaser

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    Unc $419.75
    Proof $424.75
     
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  40. Tinbox

    Tinbox YOU GET NOTHING! YOU LOSE, GOOD DAY SIR! Site Supporter Gold Chaser

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    I'm torn on whether these have potential for a short term flip. Like you said though the $5 gold commen's don't seem to sell well so the fact that its the first curved coin sold by the mint would probably have to play a big factor for these to sell out quickly.

    I'm probably going to pass. They may have good long term potential if they are the only curved coin ever done by the mint, but I'm not in the market for long term numismatics.
     

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