What is the logic behind selling the 5oz thru the authorized dealer network? Doesn't that basically just make collects pay a dealer mark up -would be much better if the mint would sell these direct also. Lack
You'd pay even more if they did. How much do you pay a dealer for a bullion ASE? How much do you pay the mint for an Unc W ASE? (Remember silver was much lower last year when they were selling the W ASE.) The only difference between them is that mintmark. Same material, same condition, struck at the same place, one has a mintmark one doesn't.
The one thing that you didn't mention is how they are very different; mintage. There were 19,580,000 made without the mintmark but only 580,000 made with the W mintmark. Worth the premium? perhaps..to some, yes, it's a no brainer.
On frbservices.org the quarters will not have a special ordering period unlike the presidential dollars so people will not be able to get the park quarters from there banks next year unless they are lucky like with the lincoln pennies.
I will at least buy the Silver proof set, which will include the quarters, as I do every year. I am not sure about the 5 ounce coins though, I will have to see them first.
The mint is producing these just to make money. Same with the presidential dollars. This started with the state quarters. Once they saw how many people got interested, they just couldn't stop. I remember when they first came out with the state quarters I was in elementary school, and all the kids had their books going. All these new coins and coin sets make the mint a lot of money. Although I think its nice to have special coins like this, I just want to get back to the basics for now. Doing another quarter series just seems like too much for now. However I am a hugh outdoors fan and love national parks, so at least they commemorate something I like. LouieLot
I go back and forth on these, something I rarely do. I've got to have at least one of those 5 oz. coins. When it all comes down to it though I tend to think I will do it. What I am most curious about is how will they be on popularity when compared to the state quarters. Someone mentioned, and it is true the state quarters certainly brought a lot of new collectors into the hobby. Many of these collectors have since become avid collectors going far beyond the state quarters.
I don't have a problem with the mint making money from special coins and series. The state quarters program was a huge success both financially and in sparking interest in coin collecting. If the mint is making money, they'll have more freedom to provide better service to collectors. I also don't mind the variety which is still a lot less than a lot of other countries, like Canada and the UK. The basics are still there, although it does make collecting annual proof sets and series more expensive.
Too bad the mint isn't selling the 5oz directly to collectors. Having to pay a dealers markup might just turn me off to the idea of buying those. They should have made those available to collectors as well. Lack
It is CHEAPER this way. What is more expensive, the unc. ASE from the mint or an unc. ASE from a dealer?
If you check you will find that you are talking about 2 different coins. A collectible verses bullion. I guess if your only refering to the price for 1 oz of silver you are right, but then a proof costs more yet so why buy it? Lack
o.k. that's means we have to collect the five ounces silver coin starting next year. one each for the each design and one each for proof and unc. that will total 20 pc. of 5 oz silver coin a year. and for ten years plus the territorial coins. total is 212 pieces of 5 ounce silver coin. or total 1,060 ounces of silver.