Up to date mintages or production figures

The markup is high, and you can get the very same product when you order the silver proof set, but I've ordered these dang things ever since the mint first started offering 'em (2002?) so I'm hooked.....:smile

 

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I sold off all my modern mint and proof sets a few years back. Dumped everything from early 70s through the State Quarters and up to 2003 annual sets. Happy that I did too. I am trying to resist the urge to ever get pulled back into new series, like the AtB coins for instance. When I see these new prices for sets, I just shake my head, then go check bullion spot prices and think about what else to better spend my money on... but those flashy silver Proof coins always intrigue and tempt me.

 

2010 bullion american eagle gold unc $50 dollar sales report - 507,500
2010 bullion american buffalo gold unc $50 dollar sales report - 127,000

 

No longer backordered.......

 

Releasing for first day on sale, today at noon (ET):

Currently spot silver Ask price is $18.50/oz. total silver value in the coins right now $16.73.

 

What are you talking about? The copper-nickel clad proof set sells for $14.95, while the silver proof set sells for $32.95, a difference of $18.00. For that $18 you get over $16 worth of silver bullion, so they mark up the set less than 40 cents per coin for the hassles of making silver blanks, creating marketing materials, etc. Sounds to me like the Silver set is an excellent deal for anyone contemplating which set to buy.

If you want something at scrap silver price, buy bulk foreign junk silver coins, junk 1 ounce rounds, or circ war nickels. If you want to collect modern silver proof coins, these are the ones to buy!

 

Eh... what? Firstly, no clad coins were mentioned. period. Clad are not part of the equation as I'm not comparing prices of the two AtBQ sets. We are only talking about the retail price for the 5 - 90% silver quarters that come in the AtBQ Proof Silver Set which released today and retails for $32.95, that much silver at current bullion ask price is around $16 (approx. value).

You can run the figures for yourself on Coinflation.com for 90% silver quarters to get a better sense of what you are paying for that much silver.

You're getting no deals from the Mint.

 

So Krispy - what exactly do you think that the mint should sell these sets for? Certainly it is only $16 worth of melt value silver but who exactly purchases anything from the mint for it's melt value?? I definitely don't and really when you look at some of the mint's other silver offerings it really is a good deal. I mean look at the current Boy Scouts commeratives, 1 ounce of silver in a single coin and they are getting $35-$45 a pop.
Plus is paying double spot price really all that much to pay for what you are getting? Not to mention you might get a really nice set of PF70 UC's and what would that be worth? I think the chances are greater of finding a gem in a new proof set then in digging through the circulated 90% silver bin at the local coin shop.
It is a risk like any other investment but in the end I would rather have these 5 silver quarters then 10 circulated 90% silver Washingtons.

 

Buying from the US Mint as an investment is the first mistake. These products are for the collector willing to pay the premium for special coins although the investment speculator may occasionally turn a profit from some coin issues.

It's just not worth paying $32.95 for the silver, plus plastic and paper carton, the marketing for the program, etc. It's hit-or-miss with the Mint's product quality as many buyers send back coins frequently which they deem not 'high grade' (69/70 range). It matters not what you receive from the Mint, it will never be PF70 UC's. You only get that after further financial obligation to a TPG, also hit-or-miss, and furthermore a very poor choice to seek more risky speculation for investment potential Re: your comment about potential worth.

My point ultimately is not to invest in Mint products, but rather to collect them. Mint products disappoint on a disproportionately high percentage of the time, especially those Boy Scout commems that everyone was all a flurry about recently. There were a score of threads hyping the forthcoming value of flipping the BSA coins as soon as they sold out and in large part due to some yet non-existent Scouts interest which may be spurred on by the coin collecting merit badge. Well that hasn't materialized like so many other US Mint modern silver commems. that failed to soar in price.

I wasn't implying one ought to buy junk silver to make profits from occasional coins that are not junk quality. If you are buying junk or scrap, you ought to be buying it and holding it for the investment since the chances are slim of finding anything of numismatic value there.

 

2010 bullion american eagle silver unc dollar sales report - 15,142,500
2010 bullion american eagle gold unc $50 dollar sales report - 515,500
2010 bullion american buffalo gold unc $50 dollar sales report - 127,000

 

2010 bullion american eagle silver unc dollar sales report - 15,167,500
2010 bullion american eagle gold unc $50 dollar sales report - 521,500

 

Have a great weekend everyone!
If not our brave men and women in uniform, our situation would be a lot different (worse) than it is now.
Go NAVY!
edit add: Hey: this is post 1772!
What did happen in 1772? http://www.brainyhistory.com/years/1772.html.

 

May 2010 ASE bullion unc sales report at 3,636,500 is an all time monthly record.

 

DANG! That is more then they made in all of 1996 - they must be working overtime!

 

US Mint Responds on Numismatic Gold Coin Pricing Policy from CoinUpdate.com 5/31/2010

...more at the link above

 

2010 bullion american eagle silver unc dollar sales report - 15,676,500
2010 bullion american eagle gold unc $50 dollar sales report - 527,500
2010 bullion american buffalo gold unc $50 dollar sales report - 132,000

 

Ah-HAH!! I knew someone must have posted this, but I didn't see it...so I posted in the "Tyler Sisters" thread earlier.

 

Yep! I saw your post too! :hail: I put this up in a few threads. Just can't believe the Mint behaving this way towards buyers of such high priced products.

 

If you listen to some of conservative- and precious metals-oriented talk radio, the criminals are running the government anyway.

 

2010 bullion american eagle silver unc dollar sales report - 15,676,500
2010 bullion american eagle gold unc $50 dollar sales report - 529,500
2010 bullion american buffalo gold unc $50 dollar sales report - 135,000