National Parks 5 ounce silver bullion

What are your thoughts on the US Mint National Parks silver bullion coins that will start up in 2010? I am talking about the 5 ounce, .999 silver, 3 inch in diameter issues that will be sold by the US Mint to authorized purchasers and then resold on the secondary market. Are you going to buy, and if so will you buy them certified by a TPG or not? TC

 

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Have to see the pricing and kind of on the fence until I get more info. And as far as TPG proably not. If I buy these I will send them in for grading myself.

 

Here I go again.....the mint has enough silver to mint these "hockey pucks" but they don't have enough silver to mint proof and burnished silver eagles for collectors in 2009? Quite frankly, they can keep their discs. If I want silver rounds I'll find a bullion dealer to buy them from.

Sorry....I'll go stand in the corner.

 

There must be 10 threads on these. I wish a moderator would just add new threads to existings threads on the same subject.

 

If wishes were horses, then beggars would ride....

 

Uhhh....could you post links to a couple of these 10 threads. I am interested in these bullion pieces and would like to read what the forum has to say about them......
10 threads already? .......really?

 

You can use the "search" feature to find all of the threads.

 

Here are some to get you started...

5 oz silver America the Beautiful

American the Beautiful quarters 2010 - 2021

america the beautiful quarters

America the Beautiful quarters

Candidate 2010 America the Beautiful Quarters Designs

Note: there are threads about the quarters and 5 ouncers combined in some of these... and other threads where the AtBQ pop up in discussion.

 

what is the release date?

 

It depends on the price. I suspect these will sell for a hefty premium. If they are priced like ASEs on a per ounce basis, they might be interesting.

 

Begins April 2010 over the next 11 years and 56 reverse coin designs.

A simple Google search, yields more detailed info from numerous sources:

Release schedule

US Mint AtBQ National Site Register

US Mint AtBQ Program

US Mint 2010 Scheduled Product Listings

Mint News Blog

Wiki

Park Quarters

Coin Specifications

Ken Burns', The National Parks [PBS]

 

I've posted this in other threads on the 5 oz. AtBQ silver coin but I will repeat it again here. I look for these coins to retail, with silver at current spot price up to $25/oz by the time the first coin(s) of 2010 release in April, for $155 - $175. This seems to be a reasonable and conservative price for the 5 oz. coin with silver $18-$25/oz. given the usual sort of mark-ups from the US Mint.

I have also speculated in other threads regarding the release of these larger silver coins, the idea that US Mint may need/want/choose to soon begin adding silver coinage to the (re)pricing grid.

US Mint bullion chart (for gold and platinum coins)

Anyone have any ideas about this aspect?

 

Dont believe it will happen. The price of ASE sold to dealers already fluctuates with the price of silver.

 

Krispy: I am new here, so thanks for all those links you posted in this thread. Much of the discussion has been on the program in general as opposed to the 5oz silver. However, as you noted in one of the earlier threads (quoted above), I also would be interested in seeing how the TPGs handle these larger coins. Is it possible for a 3 inch diameter coin to even grade MS70? How many of these will be minted? If you take a look at the Libertads, the larger 2oz and 5oz coins usually have very low mintages. I would expect that demand for the 5oz National Parks coins will exceed supply not solely on bullion value but in numismatic/collectibility value. This is a first for the US Mint, and IMO that novelty factor will carry some weight with collectors. TC

 

I think that if these have a low premium over spot, they will be a hit for bullion purposes only. If they expect to get a hefty premium, I really can't see them being a very big hit. I haven't heard a lot of positive feedback on the National Parks theme on quarters, so making them bigger ain't gonna help.

 

I understand what you are saying and am not a huge fan of another quarter program in general. However, big, shiny and silver coins are often very attractive to many people. You add in potentially low mintages and a first for the US Mint, and I think the 5oz version has some potential. There are some similarities to the gold spouses, but these will not be as pricey to acquire and thus open the door to many more buyers. TC

 

Nobody has room to store these. Cant store many in a safe or safe deposit box.

For that reason alone, I will not be a buyer of these.

 

I could see how they may be a potential gift idea if they were in the price range you were going to spend. I could see a child receiving one as a birthday or confirmation gift. I just don't see anyone buying one for themself if there is going to be a huge premium on them like I think there will... and really can't picture anyone collecting the whole darn series!

 

These things are going to be a big flop. I five ounce coin is a ridiculous idea.

 

I like silver, I like coins, I like commemorative coins, I like Mexican coins, My favorite dealer has had a 5 ounce, three inch silver Mexican commemorative coin on sale for like forever, the reason I have not picked it up is storage, my safe deposit box is not that wide, my lower value coins are all ones that fit in two by twos, and are stored in the boxes made for that purpose. Three inches is not that much bigger, but it is not standard enough. 5 ounces will mean probably about 120 or so dollars, then there will be like 60 of them? I might get the yosemite, Mainly because the design closely matches a picture that my wife took, but I would get that ONE for her, and not for my collection.