Time To Euthanize ATB?

^

entirely correct. which is why the mint continues to churn out the "gold" dollar coins that 99.9999% of the population despises and doesn't use. lol

 

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I think thats the nib of it for me. If they become so unpopular that sales don't cover the cost of producing them them kill 'em. I don't expect the government to subsidise my coin collecting.

 

Your state, CA, was the 3rd issued (Yosemite). Better get one while they're affordable, if you want one.

 

More often than not an unpopular PM based coin with a low mintage does turn out to be a winner down the road. There are many examples of this and I can't think of one that didn't turn out to be a winner. Now, if you want to compare apples to oranges, there are numerous non coin "collectables" that turned out to be losers, which is why I stay away from them.

 

Maybe they should double down and roll out a 5 oz. gold series! :devil:

 

But the problem is you have to cannot use your 38 or 40 mm air tites' and not to mention any albums or air tite holders you have for your 1 oz coins. A lot of other 5 oz coins issued by other mints (China, Perth etc) have all turned out to be duds as well.

 

Many of the foreign 5oz coins sell for huge premiums - US coins usual do even better.

 

Absolutely Rick! That was also the sentiment earlier this year, which was particularly rife on CT. People who collected the coins got virtually ostracized for buying the coins. The comments made against the ATB 5 oz. coins series really amounted to a financial division between collectors.

It's interesting because silver was climbing as the ATB pucks of 2010 were released earlier this year and collectors who bought them were pleased with the prices they paid since silver continued to increase further. As silver slowed down the coins have taken the back burner, when there is actually now an even better opportunity to jump in and buy them. Yet the folks who talk the coins down or bemoan that if the prices were lower they'd be buyers too, just don't seem to materialize, probably because they never could afford them to begin with and weren't serious about anything but complaining about it in the first place.

It appears that silver, 'the poor mans gold' is supposed to be some super cheap commodity that people have a right to afford, yet not everyone can do that given personal budgets. There's really no reason to kick the program, just stick to what you like and can afford and let those who can afford the ATB pucks enjoy what they like to collect. It's equally silly to rail against coins at this price point when it implies you can't afford anything from this price on up, which is pretty much a heck of a lot of the coin market.

 

I think that fear is what has scared many off, but that reason combined with the now lowest prices these coins have been available for should be the reason collectors turn to the 2011s. In the end sales records from the Mint may show the coins sodl far less than the mintage limits and remaining stock will eventually be melted down for other coins. Just because a limit is allowed, with slow sales, it's not a given that mintage will end up that high. We have to watch the sales figures from the Mint very closely to make our best decision about which coins to buy if mintage and key dates is your game for coins with the most numismatic value potential.

 

There are monster boxes for these with tubes that fit just like there are for the Eagle program coins. You can buy the empty monster boxes on eBay and from various APs such as APMEX or Provident Metals. And yes, Air-Tite Holders do make a model Z5 for these coins, as does the US Mint, who sends their numispucks out in capsules. The Mint also sells empty presentation containers for collectors.

Five loose 1 oz eagles compared to 1 5 oz. silver coin is easier to store and for the bullion investor it presents a lower premium for the piece of metal compared to 5 individual coins.

 

But I'm not applying this to every other collectible. You have to know your market and the risks involved and make that decision on your own. I am only applying this to the topic of this thread and trying to help those who misunderstand the opportunity that may be in front of them instead of making flippant and snarky comments about a series they dislike for completely other reasons, namely affordability.

The 2010 bullion pucks sold out. Many countries produce larger silver bullion products, demand is huge for larger size bullion, it can hardly be kept in stock, some of the larger bullion products from Mexico, China and Australia even carry collector premiums. The only thing odd about the United States Mint's new 5 oz. coin is that it's new and coin collectors are rather narrow minded in their acceptance of new things, as most covet the old. The only thing is that these are different and are being treated as such by many on these forums.

 

People didn't like or use Morgan dollars either... what's new?

 

+1

 

The US Mint probably should, they are behind other world mints in almost every other way, many of whom do offer larger pieces of gold bullion for investors.

 

+1


@ jjack: you should go look up prices of the Mexican Libertad silver bullion coins. Some years even have low mintage and are quite shockingly high priced, if you are lucky enough to even find them for sale.

 

I guess the only redeeming factor to all the negativity over this series is the fact that it will create some great rarities. So yeah, I hate this series, don’t buy them! LOL

 

http://www.apmex.com/Product/62541/...burg_Glacier_Set_MS_69_PL_Better_FS_PCGS.aspx

hey look, buy them up now while they last. pcgs fs pl ms69s couple bucks over spot. these rare collector's items wont stick around forever. lol

 

These will someday not only be sold at two and three times the face value, but will also be traded for items of similar value.:smile

 

This is the attitude that's ruining numismatics.

The profiteering opportunities may indeed be gone, but that to me is of little or no consequence. I collect coins because I like 'em and I could care less if they ever have any value at all! I actually welcome anything that drives the speculators away from what I like to collect. All they do is drive prices up.

 

I found the series of five-ounce "pucks" to be the rekindling of my somewhat dormant collecting habits. I have purchased each coin, as issued, but I have decided to only collect the numismatic versions with P-mintmarks. The series also satisfies my desire for both collecting pleasure and a very long term investment in hard assets.