Mt Hood 5oz uncirculated still available.

For me, If I were just doing it to invest, I'd just try to buy bars of silver at spot prices or a little over spot price on whatever day I was buying. Currently with silver at $32.75 an ounce and this Mt. Hood coin at $299.95, you're paying 13.34 extra per ounce. That's too much over current prices to spend if it's just for investment purposes. It might pay off later if silver just continues to rise but then, all investing is gambling of some sort. But to think you don't break even until silver reaches 46.09 an ounce, it might be awhile or never.

 

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The Mint reduced the price to 229.95. Even so, if you're strictly a bullion investor, you can find cheaper silver. However, if you understand numismatic premium for low mintage coins, like the 25th Ann Set and these P Mint 5oz'ers, you'd see that the premiums charged by the Mint are miniscule in comparison to the coin's potential, which far exceeds $46/oz regardless of what silver does.

 

There's going to be over 50 designs and two of each coin (bullion and uncirculated).
If you're hoping to get a good return someday, it might be best to narrow the field down and try to pick the ones with the most potential.

 

True, I was strictly basing my opinion on the price of silver alone against the prices of these 5 ouncers, not mintage numbers to increase the value of these over time, etc, which I can understand where some might invest based on not only silver but the mintage numbers.

I stand by my original saying, I'd be more interested in these if they were 1 ounce coins, since I collect coins, not into bullion investing.

 

Well, I'm a collector, so I'll collect all the P's, which should be the lowest mintage ones. But, you never know, some of the bullions may turn out to be lower, depending on how many the Mint produces and what they do with the unsold ones. The series should prove to be an exciting ride, with many low mintage coins that have the potential to "go to the moon".

 

I would be careful sir in calculating a numismatic premium per ounce. They never work that way, the premium is always per coin regardless of how much PM is in it.

Just thought I would throw that out there, and hope it helps. Think of it this was, a Liberty $20 does not have 8 times the numismatic premium of a $2.5 gold piece, it only has one $20 gold premium. 8x$2.5 gold premium /= 1 $20 gold premium.

Chris

 

True, just trying to equate it to something a bullion investor understands.

 

Reviving since it's the best ATB investment thread!

What happens if the mint quits selling Chickasaw bullion? Do the prices on the 2010s drop, or do the Chicks explode? Do all the 2010s drop if 2012 mintages are down (both/either bullion and collector!)

What if the mint decides to quit selling the bullion version? Might not the collector versions dwindle, since they'd no longer be part of the continuing set? Or might the mint quit the bullion version?

 

Changes to the ATB program would take an act of congress.

 

I see the mint is sell the 2011 P's again at the same price, $204.95.

 

I should hope Congress has bigger fish to fry, however the dwindling sales makes one wonder what all is put in play to ensure the mint "profits." The collector version certainly costs more to produce. We know dealers get the bullion version for a little over spot. There is certain legislation governing when the mint can sell vis a vis the year minted. Certainly expectations have and continue to change regarding mintage numbers, considering 2010s were 27k and 33k, then early 2011 bullion minted through the roof, and now late 2011s are half the numbers of 2010...and who knows what will happen with 2012...I agree with statequarterguy, that this is an exciting series.

 

It will be even more exciting if silver ever climbs in price and makes me a profit.

 

Neat blast from the past, by dreamer:

"...and the situation is not unlike the initial release of the First Spouse coins. In that series, though the later releases were in smaller numbers so the initial ones are selling now for a small premium over bullion, whereas the later issues that were made in very small numbers command much bigger premiums."

Read more: http://www.cointalk.com/t145750-14/#ixzz1oYOjjJan

 

A slowdown in sales may lead to a good deal for those of us still collecting them.If nothing else,5 ounces of silver will increase my stack without alot of expense.Why do I say that?At the present time,try to buy 5 silver eagles and see how the cost including s&h and taxes in some cases compare to the mints $210(includes shipping).

 

Looks like the 2010 P's in OGP are increasing to the $300 range on eBay.

 

Hard to believe people would opt for that over NGC SP69 from Silvertowne for $240. Sure, you might get a 70...

 

I wish the mint would go ahead and list the 2012 P's while the price is still 204.95

 

That would be nice, as well as give a last chance offer for all the low sales 2011 P's.

 

Most of their 2010 P's are closer to $300, only a couple Hoods are at $240 + shipping. Hood was the latest sell out, so it should continue to climb.

 

What do you think about the long term benefit "conditionally rare" PL and DMPL strikes? Or will they always lag SP-69s?