APMEX America The Beautiful 5 oz update

So by your reasoning these could also be considered coins:


And this stopped being a coin in 1876 and started being a coin again when it was remonitized by the coin act of 1965


And this is a car by your definition (yes it's street legal):


While this is not street legal and therefore not a car:


These coins certainly have many properties of coins but obviously have features that set them apart from coins. Saying they are positively a coin or positively a medallion is just arguing semantics. They could be called either.

 

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Stop derailing the damn thread!

If you want to argue semantics and bs take it offline before this thread gets closed too.

This is bs><

 

Posts some pics once you have them in hand. Enjoy! TC

 

I second what TC said. Would love to hear your opinion of the actual product.

 

Well my set is "Out for delivery" and hopefully UPS will show up within the next hour or so! Unfortunatly all I have is my Dino-lite which sucks for big silver and a crappy digital camera but i'll do my best with some pics.

I just noticed these things are still going for +-$2,000 on Ebay... debating if I should take advantage of the hot ticket item and flip em real quick or just sit on them...

What are you gonna do with yours??

 

Sound great that you are getting your today on Christmas eve. Personally I would flip them while they are hot.

 

Seems like the bids have trended downward a bit as the drama has unfolded. If it was me, I would hold onto them if they were great-looking and sell them if they were so-so. Then again, I am more interested in what they represent than the investment value.

 

I'd say flip 'em too, then set an alert at Apmex for when they list however many sets they have left (guessing 2,200+). Use the profit to get the collector version in Q1 2011.

 

This will be worth little very soon, flip them ASAP. You will be able to get more for them with a real photo of them, since most are stock photos on eBay.

 

Yup yup thats what I was thinking - now if only the damn UPS man would hurry up! Got my quickie listing ready to go and am asking alot but who knows right?

 

Coins in hand, with a quick comparison shot to the proof:

 

:thumb::thumb::thumb:

Thanks for posting! How do they feel in the hand?

 

AWESOME! Looks like there is definitely a good bit more detail. Very nice pics too BTW.

I'm still sitting here waiting on the UPS man to show... I'mpatiently waiting

 

Um, either like 5 ounces of silver in a plastic capsule or a too-thin, too-dense hockey puck.

Some quasi-serious first impressions:

-- These coins show evidence of careful handling. Kudos to the mint production team.
-- The Reverse is a dud in large size. Washington's Spaghetti hair doesn't look any better in jumbo size.
-- The Obverses show a lot of detail that would get lost in a standard size circulating coin. Unlike the obverse, to my eye it appears that the designers are a) creating designs on a computer screen instead of at scale, and b) are relying on proof contrast to make up for the lack of relief in modern U.S. coinages.
-- The Edge Lettering takes up only a small portion of the edge. On all 5 of my coins, the lettering is placed so it's right side up when the Obverse (parks) side is up.
-- There are three vertical lines on the edge of each coin showing where the collars came together.
-- If the mint also tried to do relief to scale, it doesn't show to my middle-aged eyes.

Now that I have the coins in hand, I'll make my prediction on where I expect the long term prices to settle out. If the Mint keeps with the 3-inch format, then they'll trade in the range of 150-225% of bullion value, with the "numismatic" coins trading at slightly more than that. If the Mint elects to reduce the size of later coins to 2.5" as Congress has now allowed them to do, they'll trade at at 200-300% of bullion value.

 

Thanks for the report! What do you mean by "at scale" when you talk about the design? Is that related to the old system of starting with a dinner-plate sized cast before using a reducing lathe to copy the design to the master hub?

 

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I apologize for not being clear. From what I see in press releases like this one, it seems the CCAC and CFA review and approve enlarged drawings of the proposed designs rather than sample coins:
http://www.coinnews.net/2010/12/23/2011-presidential-1-dollar-coin-design-images

If true that would create a bias towards designs which contain more detail and rely on contrast rather than relief. While that is consistent with my opinion of these coins and other modern designs, it's only a theory. The reduction-based production technique doesn't come into play until later.

 

Ahh, makes sense. Thank you.

 

My set arrived today also. They look good although the capsules were very smudged.

Here are some pictures.

Here's all 5 with an ordinary quarter for comparison.


Here's how one looks "in hand".







An obverse with comparison quarter
View attachment 105120

 

Well I must say I wish I had about 10 of these sets to sell right now! I went ahead and put mine on Ebay yesterday with some crappy pictures and people are going nutz for them. I just did a quick 3 day auction and with 2 day and 7 hours left it has been bid up to $1825 and has 35 people watching it!! JEEZ!

 

You probably did the right thing in flipping them. Perhaps in a couple of years, you can buy them for half of what you sold them for.