The US mint will be making a 5 oz diameter Silver National Park quarter for each new quarter. It will be huge, three inches in diameter. The face value will still be 25 cents. Who is going to collect the complete 56 piece set? I am out, the set is just too big (physically). 280 oz of silver. I might buy one or two but that is it.
here's the full press release link to Mint press release on 2010 quarters; http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=1061 I like the idea, but I'm disappointed that the obverse is still going to be the same Washington profile. Can't they at least make it a facing portrait, like the nickel? I thought Moy would be more creative and bold. Well, the 5-oz versions are a bit bold, and expensive.
Wow, an 11 year program. I knew they were doing this but I didn't know there would be that many. What's next? I agree, the premiums will likely be very high and they won't be easily stored. I'm surprised they didn't do this with the state quarter program. You'd think a lot of people would have wanted the 5 oz quarter of their home state. I don't know if the parks will see the same popularity quite honestly.
I think it's really odd that the last year there is only one quarter to be released??? What's that all about. Will buy the 5oz. silver if they aren't too much higher than spot. So I guess that probably means I'm not buying them
That is weird. I can't see them having too big of runs for these. I can't see them selling too well either. I don't know though. What will the runs be? I can't see them doing 250k of these like is typical with the commeratives. Maybe the first 5 since they could be pretty rare. But who knows.
The Mint can keep them - I can see the future, The Mint can keep them - I can see the future now,, People will be bringing them in to us (if they can lift them) and they will be like 99.9% of modern mint products and we will offer 30 to 40% back of bid - they will really be in to deep when silver goes back to $6 or $7.
I've said this before. The Mint is on the verge of making coins a similar to stamps thing. Same thing that happened to Beanie Babies, Hot wheel cars, baseball/football cards. Most collectors get irritated and stop collecting. Yes there will always be some, just as with stamps, but they will continue to flood the market with excessive STUFF and the end is in site. I'm for one have already stopped collecting quarters. I'm just wondering when they will start a your own picture on coins thing.
Kidding of course One in proof, one in satin, one in uncirculated, and of course you should have your choice of purchasing either the silver or clad versions. It will be far-out to get some of these 3" coins in change and I can't wait to begin roll searching these things for errors & varieties.
The Mint will keep creating constant "stuff" because people keep buying it. I used to buy from the Royal Canadian Mint but when they started putting coins in Hockey pucks I knew the end was near. JUNK!!!! Too much stuff equals too much confusion with not a single thing appreciating. its tantamount to too many TV Stations. We as collectors need to get back to basics and collect coins!!! Coins were meant to circulate!! I for one will be selling all of my mint junk and buying Classic commemoratives,Peace Dollars. Please join the ANA. www.money.org
I'm buying and glad to hear others are not. Check out the "Bullion Forum: National Parks 5 ounce silver bullion" for recent discussion. TC
So in less then one year the mint goes from not being able to make any ASE because of the silver issue to being able to make these 5 oz coins. What was there excuse again for not making the ASE?
silver supply to squeek I sort of have a feeling that the set will never get completed. At some point, silver supply will even affect the US Mint. Thanks for the update, these did miss my radar somehow. I am on the USMint web site often, so I am not sure how I missed it.
I live in Mass. The offering of a 5 oz 'Minuteman' reverse is very appealing to me, but the thought of a 'Lowell National Historical Park' 5 oz'er is a total turn off (no offense to Lowell'ers, or those that enjoy the park, but there are better places in Mass that could have been represented). Not to mention, I'd have to wait 9 freakin' years for my state's park to be honored??? I think this entire program is nonsense (56 total, gotta wait 11 years for completion??? Ridiculous!). They could have better served the collecting community by attempting to do this with the statehood quarters, as Vess1 mentioned. But FIRST, they SHOULD have pumped out some '09 Proof, and '09 'W' ASE's. Can you imagine what's in store for ASE collectors? If there wasn't enough silver for any '09 ASE's (just the proof and 'W'), then I suspect we'll be seeing more gaps in the ASE series. For every one of these 5 oz'ers, there are 5 ASE's that could be sold (again, just proof and 'W' versions). I'd have to imagine the mint would make more $$ selling 5 1 oz ASE's than 1 5 oz hockey puck. I DO like the idea of a 5 oz silver coin/commem (the Lincoln Commems would have been a great way to start)...but 56 of them in 11 years? Also, and Vess1 said it,"they won't be easily stored".
If the premium is more than 15%, I suspect it will quickly lose any popularity it may start with. With bullion at about $15.50, that would make my buy point at about $80. Of course, $100 would have been my price about 4 weeks ago. Anybody heard of the anticipated price?
