America Th Beautiful 5 oz.

Hey everyone,

I'm new to this forum, this is my first posting. I was looking for some opinions and expertise about the America the Beautiful 5oz. bullion coins. What do you all think about the future collectability an demand for these coins? I received an "ATB Vicksburg" back in March as a gift. The coins are selling at the US Mint's website for just about $205, with around a $150 scrap value in silver. Early release have lower mintages in the 10's of thousands with newer releases being in the 100's of thousands. All that aside is there a big collecting demand for them now and do you guys think they will become more desirable in the coming decades. The coins size and weight makes it unique, but I don't know if that will make people want it more or if it will just be an oddity.

 

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To me it's worth spot for 5oz troy

 

Did you read the post or just look at the picture before making your sage statement?
The reason I ask is because nowhere did he ask "what would you pay?".

 

I have purchased one each of the of the P-mintmarked collector editions of these coins. I bought them because I enjoy collecting silver coins and the size appeals to me. They are quite beautiful to look at and quite a handful to hold! The underlying bullion value places a floor under its trading value as precious metal. For the long term, these large coins will probably maintain their premium to the value of silver.

 

He asked what do you think about the 5oz America the Beautiful coin. I THINK it's worth 5X spot, that's what I think. I didn't see you make a "sage" or any other statement, enlighten us with what you think! And it is in the "What's it worth" forum.

 

What he exactly asked was "What do you all think about the future collectability an demand for these coins?"
I didn't make any statement because I didn't have an answer to his question.
Maybe he should have posted in the bullion forum, but he's new, cut him a break.

 

COINnoisser, I think that they will always carry a premium over spot and maybe sometime in the future, they will catch on and appreciate. I don't think that they will ever make someone rich, though.

 

Many collectors buy them because it's a great looking coin and mintage is fairly low on some. I have one but I won't be buying another. Will they go up in price? Well if the price of silver ever goes up then yes but if it doesn't then no.

 

Thanks for your opinions, helpful and insightful. I was trying to gauge the interest in this coin from other collectors. It's difficult if not impossible to predict what a coin series will do in the future, especially so early in it's minting.

 

Here, check out this thread for detailed discussion of the 5 ounce ATB coin:

http://www.cointalk.com/t212803/

 

There will always be collectible value over spot. Low mintage numbers. Size/weight is unique. Kinda convienient to have one 5 oz versus five 1 oz coins.

 

Probably worth a 10% premium or so over the bullion value. As a round the price is always going to be highly dependent on that of silver, so future value is difficult to predict.

 

Hi i do agree with you
I would like to get one of them ! Which one do you recomand in term of mintage ? Thanks !

 

Atb ?

 

Yes my 2 favourites are Mount Hood and Chivas Culture

 

I recommend you get the first one, HOT SPRINGS. Does not have the lowest mintage but being first carries some value, IMO.

 

Thanks for the advise Witty !
The problem is that i am not so in love with the Hot Springs design ....but i will think about it
Is it preferable to buy it graded ( and sealed in a plastic coffin ) or is it OK buying it "raw" ?
I have made a quick visit on ebay and found amazing high costs ....

- Froggy

 

I don't usually purchase coins on the basis of mintage, future potential value, etc. I buy what I like and what appeals to me now. Given that, I think the Mount Hood design is the best to date by far. That is what I would buy, if it was me.

I'd rather have a coin I really liked that I could enjoy for years than a something I really didn't like that might be worth more in the future. I'll take present enjoyment over possible future monetary gain anyday.
In my opinion, the Hot Springs design is crapola. As I have said before, it reminds me of a urinal wearing a pair of Homer Simpson's pants.

 

Froggy: I usually recommend people get the best one they can afford, but paying for a grade here is unnecessary, imo. If I remember correctly, the early ATB's went for $279.95 +postage from the mint, so getting a "raw" one any cheaper than that is a good buy.

I guess you have to decide if you're getting this coin for collector or personal purposes. Myself, I think these are just kind of a novelty since this is the first time the Mint has produced 5-ounce silver "coins" in quantity. Just think, if our monetary system really does go to crap, think what a 5-ounce "coin" will buy in the future!

 

I agree with Witty. I think this is a coin you can purchase in the government packaging, knowing the quality will be pretty decent.

Sometimes, though, you can find a 69-grade for close to "raw" pricing. In that case, I would buy the graded coin. If purchasing a slabbed coin, I would prefer the PCGS over the NGC. It's not because I think PCGS is any better, but the slabs NGC uses for the "pucks" are ridiculously wide by comparison.