Why is this worth $155.00?

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Apostle Islands National Lakeshore 2018 Uncirculated Five Ounce Silver Coin
https://catalog.usmint.gov/apostle-...uncirculated-five-ounce-silver-coin-18AK.html
PHILADELPHIA (P)
America the Beautiful Quarters® Program
$154.95

This product will be available for sale on April 13, 2018, at 12 noon (ET).

Remind Me

• Features the Apostle Islands National Lakeshore 2018 (Wisconsin) quarter design
• 42nd overall in the America the Beautiful Quarters® Program
• Minted at the Philadelphia Mint

Item Number: 18AK
Mintage Limit: 20,000
Product Limit: None
Household Order Limit: None
This product is available for Produc

 

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It's giant--5 oz of silver. That's 81.80 in melt value alone.

 

Thanks you answered the question, it's not worth it!

 

Everyone seems to overpay for the latest release. Sometimes the value sticks, many times it doesn't. Vanity, gamble on scarcity, other reason? No one really knows. Everyone has a different approach.

 

I recently helped a freind with his inherited collection. One piece was a massive private mint struck silver Merc dime. The thing looked like a small dinner plate and was quite heavy.... In the real world they are only truly worth spot silver value. Anything over and above that is purely personal desire.

 

These are not my cup of tea. I don't think they are worth it, at least not to me.

 

They are worth it because the law says the issue price must cover ALL costs of making them, fixed and variable, including marketing costs. So quite frankly, the cost of 5 oz. of silver is just one PART of the cost. Simply compare the price of these with ANY OTHER NUMISMATIC QUALITY 5OZ. silver puck that is produced anywhere, and you'll see this price is well below average.

Remember, they had to purchase an entirely new production workflow AND METHOD OF PRODUCTION to create these.

My question is: Why do silver collectors think they get those things for free?

 

Then you buy it!

 

I'm confident that you already know the answer to this.

 

You might have noticed the 3 likes below my post before your retort. I would buy it, but I'm not a bullion fan even a little bit. I will buy the Pennsylvania [Gettysburg] one for anything near that, though.

 

Yes, I do, and it's NOT a flattering answer for those who are bullion bugs.

 

The Force is strong with you

 

Ah, yes, "the real world" -- that place where five-ounce pucks are rightly valued at spot price, but high-grade classic US silver coins, well, they're different.

To my mind, any "collectible value" is a matter of "purely personal desire". If nobody "desires" something, it's not going to command any price.

 

But... but... but.... US silver coins are so... Pretty...

 

You can have those hockey pucks made by the Mint. I'll take one like this from a private mint any day.

4.55 ounces of .999+ fine silver by Medallic Art Company

 

Nope, nothing there that hints at "personal desire", nothing at all...

 

Ultimately, it ALL comes down this.

And just coincidentally, a whole bunch of bullion bugs have similar oral hygiene.

 

A big chunk of silver is cool, but not for that much money. I don't own any of these "hockey pucks," but I'd be interested in the Block Island one when it is released. Basically my days of acquiring bullion are over. Bullion was my gateway into coin collecting, and that's where my money goes now. Don't get me wrong, I like bullion, and I'm saving all I have for the kids one day.

 

Oooh, Kurt, that’s going to provoke a response/retort. I’m posting just so I can watch the action on this slow Saturday morning before the moderators step in.

Steve

 

They all know it's true. Most PM bugs look in the mirror, then look at Gollum and say, "Boy, wish I looked that cool." Every auction I go to where there are "bullion vacuums" bidding, they look like they haven't taken a comb to their hair since they left their mommies.

And before you ask if I'm mocking the "survivalist" culture, the answer is "yes".