Free Money!

I've got both 2010 and 2011 Silver Kennedy's in PF 70 Ultra Cameo. I got both for under 40.00 at the time. I say I made out on those two. I am still waiting for the release of the 2012 Silver Mint Proof Set w/ the Kennedy and silver dime.

 

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We're living history (imho)...there are a lot of coins being produced today that folks 100 years from now will feel their heritage cheapened...that their ancestors didn't have the foresight to buy these coins when they had the chance!

lol...a lot of good that does us! (screw those bastides!)

 

I thought the 2011 sets would surge past 2010 when the December sales numbers were coming in. But now that the holiday buying season is past and the 2012 issues are being released it looks like 2011 totals could fall short of 2010 across the board (silver proofs sets, silver quarters, mint sets).

 

Yes! That is a great buy. I've been following the 2011 S Silver Proof 70 Ultra Cameo Early Release coins for some time now, and because of this thread, I decided to attempt to complete the 14 coin set with matching labels and finally did. I've done so much tracking of these coins, I'm seeing the numbers in my sleep. LOL. You paying less than $40 for both the 2010 and 2011 halves is a real steal. To buy both today, would be $75 - $80. Those are EBAY averages.

 

Something seem strange...

The Mint hasn't posted any new releases for over a month. The last item announced (that still hasn't been released) is the Infantry Silver Dollar scheduled for release this coming Friday. This is strange because the Mint posted prices for the 2012 Silver Proof set in the Federal Register on January 20th and coins oftentimes go on sale about three (3) weeks after being announced in the Federal Register. That gives me hope that the 2012 Silver Proof sets will be released sometime this coming week...but why no announcements on the Mint web page? ...why not ANY announcements?

...very strange, indeed!

 

They've seen this thread and really like messing with you! :devil:

 

Dude, are you addicted to taking images off google with no citation, or were you just really really really bored?

 

No citations needed if it's in the public domain.

 

That's shanigans...

 

Merely being accessible on the net doesn't make it public domain.

 

I didn't say that.

 

encil: Great exchange!

Point - rickmp

 

I think it's because they are too busy promoting other things. Everywhere I look the mint is pushing the 2012 America The Beautiful Three-Coin Set and the latest 5oz. bullion piece. Every coin related news site that I've subscribed to is mentioning the availability of these and a few other items. As a collector, I am more interested in the availability of what I consider, the "Bread and Butter" of new mint products, Proof Sets and especially Silver Proof Sets. In my case, the two mint products that have had a long history and have a high degree of collector interest stability. Maybe the mint is perceiving the 2012 Proof and Silver Proof Sets as a "Sure Thing" that collectors will go after with little or no promotion. Where as, other products may need a push to meet sales goals and to combat possible waning collector interest. Just a guess on my part. WHO KNOWS!
Speaking of knowing things and not knowing things, I actually know this for sure. Yakpoo. I would like to thank you for starting this thread. Your knowledge, numismatic savvy, insights, your posts and your sense of humor have provided me with a ton of laughs, enjoyment and the things learned are too many to count. It's people like you that really make this hobby fun, interesting and informative. I'm sure I'm not the only one who feels this way either. Because of your starting this thread, I thought it might be fun to put together a complete 14 coin 2011 Silver Proof Set. NGC Graded. Ultra Cameo. Early Releases. Matching Blue Labels. Proof 70. So I did. Cost a small fortune, and the hunt was long and tedious and fun, but it's now complete. Guys down at my coin club suggested sending it in to the NGC Registry. So I did. It's ranked #1. I never would have put that together or sent it in to the registry if you hadn't started this thread. Again, thanks for your many contributions here. I noticed this thread has 470 replies, 19,945 views and a 5 Star rating. So keep doing what you're doing. Because you're doing.................a GREAT JOB!

 

What can I say...Thanks!

 

Yeah...I love Google. I just type "Images of Blah, Blah, Blah" and I get quite a variety of public domain pics from all over the web...cool! I don't do it from boredom; it's practice. I'm preparing for a Contest with a fairly significant prize (haven't decided yet).

I want to do a "Numismatic-related internet scavenger hunt". It will be a combination of Pictograph clues and messages embedded in various dark recesses of the internet. If someone gets derailed, they can PM me and I'll put them back on track (like a slot car race), but they'll lose some time. For instance, I've already left posts on various CT threads where, if you select every Nth word, you come up with a completely different message...a scavenger hunt clue. Anyway, I'm still testing various ideas...it's not ready, yet. I'm experimenting with various ideas to make it fun.

Any additional ideas gladly considered! :secret:

 

In the spirit of FREE MONEY!!!, let's take a look at Nickels. The January 30th edition of Coin World (Page #23) shows that the 2011 production cost of the Jefferson nickel is 9.38¢ (per 5¢ nickel). I was wondering...how much of this is just material?

1. Nickels are composed of 75% Copper and 25% Nickel.
2. One nickel weighs five (5) grams.
3. One roll of nickels weighs 200 grams; 150 grams of Copper, 50 grams of Nickel.
4. Today's Copper price: $3.86/lbs
5. Today's Nickel price: $9.40/lbs
6. 453.6 grams per avoirdupois pound.

Nickel: 50 / 453.6 = 11% of a Pound
Copper: 150 / 453.6 = 33% of a Pound

Nickel: $9.40 * 11% = $1.03
Copper: $3.86 * 33% = $1.27

Total: $2.00 Roll of Nickels contain $2.30 of PMs

and that, my friends, is 30¢ of FREE MONEY!!! :hail:

 

Thanks for all of this, Yakpoo. Epic thread!

 

I like the idea of hoarding nickel rolls but .... they are just so heavy and take so much space at my house. For that reasons, I stopped and switched to Au or Ag. Since I like nickels (or US coins in general), I still collect nickel in the clad proof, silver proof and the uncirculated US mint sets though

 

I'm reading "Boomerang" by Michael Lewis; it is, essentially about several countries' reaction to the housing bubble and credit default swaps.

In the preface, he talks about Kyle Bass. Mr. Bass bet against the subprime mortgages. Made a lot of money.

As part of his current strategy, Mr. Bass bought $1,000,000 worth of nickels (that is 20,000,000 nickels).