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

You've convinced me, Juan. Mine will be on the garbage truck in the morning.

 

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No, that's too much work and you might catch a chill on the curb in your slippers & bathrobe.
I'll send you a SASE, ok? :hail:

 

Hmm..I'm going to rub the fur the wrong way here and say I think they are 99.9% collectible and .1% bullion, and I think thats how the mint intended it, regardless of their official stance. Why? Because no serious bullion buyer is going to buy a giant, wafer thin coin as a store of bullion, especially not at the markup the mint was asking, when they could buy easier to store ASE's at close to spot most anywhere. No, the mint knew they were making a collector coin, not a bullion coin with these.
Guy

 

Don't ya'll just love conspiracy theorists? And ya know why it's true? I read it right here on the internet........

 

green18-
I am entertained by conspiracy theorists. And sometimes, in the gleanings, there's data you missed or a sliver of reality you had not previously considered.
But ya - mostly hogwash.

I should qualify my link to Kitco's forum. (There's some vicious hating against Perth on that thread; that's not where I stand AT ALL.)
I've had excellent correspondence w/ Bron in the last couple of years - he's a great guy, exceedingly professional, courteous, even generous to a fault perhaps.
In my opinion, Perth Mint also produces first-rate coin; the US Mint reselling their product only proves my point.

Rep. Ron Paul seemed to be bothered the US Mint is buying foreign PMs, not price-gouging american coin hoarders per se. I don't share his quirky nativism. It's obvious the US Mint (and not Perth) is preying upon gullible imprudent collectors. Perth is blameless, just a wholesale supplier of top-quality product at competitive prices... good for them!

May their Australian business model thrive.

While Ben Franklin told us long ago, “A penny saved is a penny earned,” many here still resist understanding what 'poor value' means. (It's pretty simple: DONT OVERPAY.) Regardless, in the USA rubes are free to blow their money any which way they choose (on Powerball, dogs, ponies, Vegas, Beanies, whatever.) So if you want to spend many multiples over intrinsic value from a grifting coinflator, you are perfectly entitled to do so.

 

Whew, I would never agree to most of that.

My main points would be:

1. Who CARES as to where any PM comes from. Its a fungible good, so if the US mints buys silver from Oz or anywhere else, its still silver off the market. Why anyone who touts the fungibility of PM and then rails against "foreign" PM is being a hypocrite.

2. If a collector enjoys these, then any premium over spot is well worth it. No, I would not pay these premiums if I ONLY wanted a bullion play, but as a combined bullion/collector enjoyment purchase I find them fine. What the heck is wrong with someone getting enjoyment from collecting things that ALSO happen to have a large amount of PM in them? I say someone buying PM as a collectible they personally enjoy is being the SMARTEST purchase of all.

Just my opinion. I know some here may think I am against these, I am not. If you buy them for your personal enjoyment, then god bless and I hope you enjoy yourself.

 

You've bragged repeatedly you have me on "ignore" - ummm, so why are you reading my posts? It's o.k., I get it

That's a red herring; fungability is not the issue. (I'd agree however: it certainly doesn't influence me. That's neither here nor there.) Rep. Ron Paul obviously cared enough to investigate the matter in a Congressional hearing. So what does a few hours' of a Congressional Committtee's attention cost taxpayers, anyway? Is that a waste of money & time? (I don't know.) Please see http://www.commodityonline.com/news/ron-paul-to-probe-us-mint-coin-shortage-37814-3-37815.html

I'll guess most on CT are totally unaware the pucks are foreign. But Dr. Paul's 'Made-In-America' point probably resonates with (self-imagined) patriot-types, so let's not pretend otherwise.

fwiw, another Perth Mint 5ozt product is much, much cheaper for American bullion hoarders:
http://www.apmex.com/Product/71912/5_oz_Year_of_the_Snake_Silver_Round_999_Fine.aspx

 

Well you put a hole in them and screw them to the wall

 

I find it hard to believe that the 'pucks' are minted in OZ. And I know the mint ran short of silver planchets back in '09 and '10 and that the only supplier they could count on, to get the silver from, was in Austrailia. It was the main reason collectible bullion coins weren't minted (US MInt) those two years.

If our bullion items are being minted abroad I'd like to see some hard evidence, not whispers in the background......

 

Hey Ken: Juan said he talked to LeBron James and got confirmation. Isn't that enough for you? TC

 

Not for me! Until I hear it from Lindsay Lohan and Charlie Sheen, I won't believe it.

 

Looks like Denali just sold out.

 

The real conspiracy is how come they put so much artistry in the ATB quarters and pucks, and hardly any artistry in a lot of the US commemoratives.