Mt Hood 5oz uncirculated still available.

Why so unpopular?

 

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My guess, from reading from others, is:

1. 5 ouncers have lost their popularity. Maybe the buzz from 25th ASE set is to blame.

2. Not a popular park like some others.

3. Silver itself has lost a lot of its popularity generically.

Just my guesses.

Chris

 

Like I pointed out and what Chris did too is that the program has lost a lot of steam. The marketplace is flooded with these and the mint ramped up demand for the 2011 series just when the 25th ASE's were being released. They're just bullion in my eyes with no significant premium.

 

They are overpriced.

 

Since the price dropped, I ordered four of them. Two, a month ago, that appear to be 70's. The last two I ordered two weeks later and both had problems. Since they're almost sold out, it appears they're sending out previously returned ones.

 

5 ounces is an odd size, would have been better off as 1 ouncers. 5 ounces costs 5x more per puck, not to mention you have to buy 5 of them every year if you want the series. Then you consider that there's also the "P" mintmarked series. By the time you buy 1 coin, there's another coin or two coming out and you're sinking hundreds again into them, rinse repeat. Compare that to the ASEs where you may be buying the unc, proof, and w (normally) yearly. A lot of small collectors can handle buying 3 ounces a year. 25-50 ounces will price a lot of people out

then there was the fiasco when these things were first offered that really turned people off...

low demand, seen little more as bullion (as with normal SAEs), except a lot more people actually collect SAEs. Mostly due to the factors mentioned above.

not the first failed US commemorative either. JMO but would have been far better if the coins would be 1 ounce, then released 2 coins at a time, bullion and proof. Special collector sets could include both in a box similar to the proof ASE box, but otherwise sold separately and only 2 different designs sold in a year. That way, people could collect the raw coins or buy the collector set to have graded for the label or whatever.

If they wanted to do something special with the format of the coin, they could either offer it in a smaller diameter high relief or large diameter low relief. That way initial collector interest should be in the hundreds of thousands versus tens of thousands (and declining) as it is currently.

just my .02

 

I completely agree. If they were 1 ounce coins, I'd probably be interested as well in collecting them.

 

5oz. is a new size for US, not for foreign, which are popular. If you're a silver buyer and want something more than bullion, these 5oz. P's offer the lowest premiums. This year there were eight P's offered in order to catch up, once it's down to five, it won't be so bad. Time will tell if they will catch on again, they were popular at first, untill the Mint scrtewed up and silver dropped. At least the mintages on the P's are low enough to offer potential, if/when demand rebounds. I keep one on display in my case and it's the coin most commented on, yet most customers opt for a lower priced version when they hear the price.

 

If demand "reboots", all of these low mintage pucks will be worth some money. But I personally do not think it will. If you look at foreign larger bullion sizes, such as the kookaburra, the 1 ounce is the most popular. But at least the larger sizes (such as the 10oz or kilo) still fall within the kookaburra family. So collectors of the 1 ounce kooks may also collect the larger sizes.

If they tried to tie the pucks into the SAEs, which is the US's most successful silver bullion series, it might have been successful. Obverse would be the walking liberty (with higher detail than an ASE since a 5 ounce round has a larger canvas space), the reverse could be the ATB designs. Something like this may appeal to ASE collectors because of the obverse with heightened detail of the walking liberty and they will collect them as a offshoot of the ASE series.

 

I don't know about everyone else but I cant afford to collect one of these a year let alone the 4 per year. Its just way outside of my budget. I could probably afford the 1oz if available but I'd rather spend the money on actual us coinage instead of bullion. Just my .02

 

True, if they were tied to ASE's they may be more popular. But then too, when the actual ATB quarters are found in quantity in circulation, this may help the 5oz'ers. Like I said above, the 5oz'er I have displayed, helps ATB quarter sales, as most customers don't know they exist.

 

True, in general, the higher the price, the smaller the market. But then, if I were a silver bullion buyer, I'd probably buy more than 5 ounces per year, so I'd rather buy one of the ATB lower mintage bullions or pay a small premium for an even more collectable P mint.

 

I'd probably buy the 25th anniversary SAE set for $300

 

Yeah, I did and sold one and bought four P 5oz'ers with the proceeds. Now the 25th Ann. Set opportunity is gone, so what's next => P 5oz'ers.

 

Yep. I remember thinking when I first heard of them that I would have considered buying them as 1 or 2 oz. coins, but 5 oz. was just too big to try to collect them. I haven't bought any of them.

 

I only bought the initial Hot Springs collector P version, and it the only one that brings a premium in the secondary market...so far. I think mintages for this series if continued will decrease over time like the spouses with people trying to get the lowest mintage in the future. TC

 

Yes, it will be interesting to see when the Mint ends sales and how low some mintages will be.

 

Well, I'd say they're too big to carry in your pocket (lol), but not too big to collect.

 

If you are an investor, it tends to pay later buying that which is unpopular today. However, coins are a terrible investment for anything but enjoyment, for most of us. There are plenty of products with low mintages that are worth buying just for the off hand chance it does turn into a winner later on. The pucks are priced pretty nice now, down to like $229 from $279 earlier this year, regarding the "P"ucks, that is. Just somethings to think about.

Ironically, of the 2010-P 5 oz pucks, the Mt. Hood is the most dynamic and attractive design, to me. :smile

 

Yes, in hand, the Mt. Hood is my favorite 2010-P 5oz. I think a 2011-P favorite is going to be the just released Olympic, with that elk in the foreground.