5oz. Unc P Mint ATB’s & Lower Silver Prices

So, what do you all think will happen to the price for 2010 & 2011 Unc P Mint 5oz ATB’s if silver stays down or goes lower?

I like the low mintages, especially on the 2010’s and the wide distribution, so mine aren’t on the market – but, if they were, it would have to be at prices significantly higher than today.

 

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The mint has repriced these at $229.95 which is about $50.00 less but still $45.99 an ounce, which is one heck of a premium with spot currently a little over $31.00. I think these will slowly sink in value if silver remains low or stablizes.

 

I know that some do not like the design of the Hot Springs, but think that one will maintain value as the first in the series. TC

 

The "P" mint marked 5 ozt. ATB silver pieces are COINS. Not just bullion. I think they will always hold a premiun over just bullion. I sure hope so as I have purchased the 1st 5 bullion ATB silver pieces (At below melt from APMEX), and the 1st 5 ATB Unc COINS from the US Mint at their premium price. The bullion coins came graded by PCGS and the ones from the mint are raw. All of the Unc's from the mint look perfect to me but if I submit them for grading I'll get 69's and 70's. I can't really tell the difference no matter haw many times, or how magnified I look.

I thought that on large coins, the TPG'ers don't use a loupe, but go by eye. On other, smaller coins they use no more than a 5X loupe. Am I correct about this?

 

I think of them being similar to modern commemoratives, which means most of them are basically bullion with a few having more collectible appeal.

 

Regardless of what silver does, these things are headed to spot price if not just a bit lower. Maybe there will be a bit of a longer lasting numismatic value to the proof version.

 

I hope they gain some numi value and not just because I own a few sets. Pucks like the yellowstone look great, the size is just a bonus. They are something different and hopefully someday I can showcase them on a wall in my house.

 

Yeah, the size is a bonus, us old guys can see the detail without a 5x.

 

Having the small quarters (silver as well) and the pucks, night nd day difference.

 

I own one of the proofs and the basic problem I see with these things is they were billed to be a 5 ounce quarter. What we got was a 5 ounce silver round that resembles a quarter. It's a huge difference. It reminds me of something from the national collectors mint or similar and thus, IMO, won't hold any value beyond its silver bullion value, and I'm talking about the proof. The non-proof coins all suffer from numerous production difficulties and IMO just plan look bad. They are only going to be worth whatever the going rate is for silver at the time.

 

I don't know, the original issue prices are pretty much holding on eBay. Looks like the low mintage and wide distribution are causing the numismatic value to remain.

Other factors to consider are:
What if silver tanks making them more affordable, causing more demand and the Mint obliges with large mintages? These new collectors will demand the lower mintage ones they missed.

What happens when the ATB business strikes hit circulation in significant enough numbers that people notice them and actually start collecting them (150,000,000 state quarter collectors)? Many/some will want other related Mint products.

Much lower mintages than silver eagles and much more interesting.

 

I usually don't take much stock in ebay prices as a barometer for whether to invest in a coin or metal. However I will note that if ebay is down to issue price, then this is a huge fall off in prices that were on there when these metals were first released. Time will tell if they become collectible or not, but I think that most coin collectors are not going to pay them much mind.

 

Actually, the fall off was within the first week or two after issue of the first coin when there wasn't an immediate sellout for it or subsequent issues. After the first week or two, the prices settled in at around issue price. Significant premiums are still paid for SP70 slabs and the 25% decline in silver hasn't affect the prices realized on eBay for SP69's or original government packaged coins. I'd speculate most of the P mint coins were purchased by collectors.