Free gold offer at the US Mint?

Discussion in 'Coin Chat' started by TopcatCoin, Aug 1, 2022.

  1. buddy16cat

    buddy16cat Well-Known Member

    Gold from the mint is too rich for my blood.
     
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  3. benveniste

    benveniste Type Type

    To be fair, APMEX and Provident metals are asking more for the 1oz coin alone than the Mint is asking for the coin and the kicker.

    Here's what I wrote about the coin when it was announced. Needless to say, I'm not in the market for one:

    "The U.S. Mint displayed yet another example of why coin design by committee doesn't work. The position of Chief Engraver has been vacant since 2010 and it shows.

    The allegorical representation of Liberty is quite nice, but I can hear a committee saying "the stars just aren't big enough." So we end up with a headband that goes beyond unrealistic. Looking at Liberty's ear, it actually looks painful to wear.
    On the reverse, all the extra verbiage results in an eagle that has its wings in an unusual position and is a bit too short in the body. Yet somehow the designer still felt the need to crop the tail features.

    I suppose it would be too much to ask for the obverse and reverse fonts to match, but need they be this dissimilar? And do we really need _4_ sets of initials to clutter up the fields?"
     
  4. johnmilton

    johnmilton Well-Known Member

    The way the mint operates these days, they don't give anything away for "free." Their prices are higher than ever.

    What they have done with the price of American Silver Eagles, which are supposed to be bullion coins, is a joke. The premium over the silver spot price is now $15. How is that an "investment in silver" when you can get silver rounds for $4 or less over spot and Canadian Maple leafs for $6? I'm surprised people are still buying the American coin.
     
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    I’m not.
     
  6. baseball21

    baseball21 Well-Known Member

    The ones sold directly from the mint to the public are absolutely not meant to be bullion coins.

    As far as the actual bullion versions the mint has nothing to do with the market pricing of those

    Its rather amazing how much criticism the mint gets for things it has nothing to do with
     
    benveniste likes this.
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