Do you see the mint versions of the ATB 5 ounce coins as bullion or collectible?

Discussion in 'US Coins Forum' started by Morgandude11, Feb 22, 2013.

  1. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    What is your perspective of the future of the 5 ounce "collector" versions from the mint of the ATB coins? It is pretty clear that the general mintage is intended for bullion, due to the distribution method. However, the mintages of the mint versions of the America the Beautiful hockey pucks are so low that a certain degree of exclusivity seems hard to avoid. Do they have a future like some of the more scarce commemorative coins, a la Jackie Robinson? Or, are they just fancy bullion? Opinions, please.
     
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  3. BUncirculated

    BUncirculated Well-Known Member

  4. drathbun

    drathbun Well-Known Member

    They're too big to display, really. At least in my opinion. And you can't put them in books. So yeah, bullion it is. I don't see myself buying any for that reason.
     
  5. rickmp

    rickmp Frequently flatulent.

    Despite being essentially bullion, I do see collector interest in both versions, with corresponding premiums.
    When? That's hard to tell.
    I may not see this happening in my lifetime, but mine are put away for the grandchildren. Hopefully, they can benefit from any appreciation in value.
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I think the pieces (proof) have a following and will continue to enjoy favor among a small group of collectors. The numbers minted for both proof and bullion pieces have been declining since the products' initial release but I feel that is due to flipping frenzy at the beginning of the program driving demand up. Once it was clear that nobody was going make scads of money selling these pieces in the after market the frenzy died, leaving just the collector and the investor. I can see the program lasting for many more years.......
     
  7. IMO, anything can be a collectible including bullion items. These have a lot going for them:

    Large size
    Some nice designs
    .999 Silver
    Limited mintage for some

    I will not buy them all or as an investment. I will buy the designs I like and enjoy them. However, with all that said, it would not surprise me if these appreciated over time and not just due to silver content.

    TC
     
  8. statequarterguy

    statequarterguy Love Pucks

    The designs are just too darn nice not to catch on with future collectors - if/when they do, at these mintages, well you do the math.
     
  9. medoraman

    medoraman Supporter! Supporter

    I think they will always be somewhat oddball items. Personally I kind of like them except for the stupid, stupid decision to make them "quarters".

    If I was able to buy a group of these at a reasonable premium versus silver, I might.
     
  10. statequarterguy

    statequarterguy Love Pucks

    I don’t know, I think bullion buyers just don’t understand numismatic value. I’d buy a bunch of 1909-s vdb cents if they ever sold for close to bullion value – but, I’d also buy one for around $1,000.
     
  11. windwalker

    windwalker Member

    I agree that there are a number of outstanding designs that may catch on in the future. I used to pick up all the ones that the mint put out, but since I've retired I find it hard to justify continuing to keep up the acquisition pace that I once had. Now I'm just doing the ones that are very interesting to me.

    I do think that P pucks are collectible in nature.
     
  12. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Yes, I agree with you, windwalker. The ones I was speaking of are the 'P" pucks, not the ones minted and sold to bullion distributors. Those are clearly intended for bullion investors, although some of the higher grade and DMPL ones have been slabbed by collectors. THe "P pucks" have mintages between 15,000 and 20,000, and have been escalating in price wildly on the secondary market. Hawaii has doubled to tripled as of recently, and last year's have done the same. To me, the "face value" thing is not an issue or concern--look at all the British Commonwealth collectibles--they can have only one possible obverse, so the reverse designs become incredible looking, and very collectible with low mintages.
     
  13. onecenter

    onecenter Member

    I have always been of two minds on these coins, both as a collector and as a store of precious metal value. I have only purchased the P-mintmarked coins directly from the US Mint. I cannot afford the bullion-oriented issues at the same time.
     
  14. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    When these came out in 2010 I laughed and said no way.

    BUT then the Grand Canyon went on sale and I liked the design. So out of curiosity I bought one and after seeing it in hand I was impressed. I have only bought 4 so far, the GC, Chickasaw, Hawaii and Denali, the designs I like. I probably won't buy any of the 2013s unless its the White Mountain. I will be buying 3 of the 2014s though.

    I think the popular Parks that have nice designs will always be in demand. With the current low mintages that only helps. NOW the pucks that have poor designs and higher mintages (2010) will probably go for issue price or less, Hot Springs, etc.

    I expect the Mint to keep the mintages of the P-Pucks to 15,000 or less for the next few years at least. When the next popular Park with a nice design that I like comes along I'm in for at least 5, Smokey Mountain, Evergades and so on.
     
  15. Chiefbullsit

    Chiefbullsit CRAZY HORSE


    You got that right, they could have just left that off...:thumb:
     
  16. statequarterguy

    statequarterguy Love Pucks

    I thought so at first too, but I’m getting used to it, kinda nice having a real rendition of the quarter. What the heck, none of the bullion coins have values close to their worth.
     
  17. Cazkaboom

    Cazkaboom One for all, all for me.

    IMO they are "Fancy Bullion"
    BUT! even though I don't own any, I rally love looking at them because they look amazing. It is like a Well magnified ATB quarter and you get to appreciate all the work put into it.
     
  18. statequarterguy

    statequarterguy Love Pucks

    I see it the opposite, they are very low mintages coins, with the added benefit that most of the cost from the mint is bullion.

    Yep, best way to appreciate those designs.
     
  19. therocktjb

    therocktjb Wait, what**

    I see them as both...they are very beautiful hockey pucks made of silver, so they serve as both.

    I don't own any, a bit out of my price range now, but I am trying to get my hands on a Mount Hood one, that's my favorite of all so far. If I get antsy someday I may try to get more, but for now, Mount Hood is all I have my eyes on.
     
  20. Troodon

    Troodon Coin Collector

    My answer to the question is "both"; they are collectible bullion. Don't own any currently but some coming out this year or next year I'm seriously considering.
     
  21. Juan Blanco

    Juan Blanco New Member

    America the Beautiful Silver Bullion Coins™ for Investors? US Mint calls it BULLION; ergo, it's bullion.

    "Bullion or collectible" is a false choice because the product is clearly stated (by Law) to be a bullion coin for collectors/investment. There's absolutely NOTHING in Public Law 110-456 Sec 201 which defines the "bullion coin" is anything other/more than an "investment product." In other words, pucks are NOT "legal tender."
    http://www.gpo.gov/fdsys/pkg/PLAW-110publ456/html/PLAW-110publ456.htm

    And the law repeatedly defines these "bullion coins" as "duplicates." I'm not sure why some still cannot grasp this.

    But more interesting (to me) is why the conspiracy types aren't agitated where the Silver is sourced from and who's making the coins. On another site (better informed than CT) Bron has proudly, honestly, and appropriately admitted that
    a) the US Mint itself publicly confirmed Perth Mint is their supplier and
    b) he cannot (by law) divulge more specifics about his firm's contract with/products for the US Mint

    Wonder if the stunningly high-quality of these precious ATB coins is thanks to our honest and competitive friends in Oz? (Don't be surprised if "P" is where it's really from, too.)
    More intelligent and perceptive discourse on the US Mint's OUTSOURCING PMs here: https://www.kitcomm.com/archive/index.php?t-79273.html

    Bingo. It's all about the US Mint's profit (over US collector rubes) ... always was, always will be. I'm happy that Bron's outfit gets a cut of that e-z money, too.

    buyaustralian1.jpg
     
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