ATB Five Ouncers

I began looking for a dealer that will sell the ATB Five Ouncers, but haven't found one, yet...then I came across this article in CoinNews.net.

I had heard there were production "challenges" related to the new bullion coins and thought this article added some interesting details.

I thought the bolded sentence was interesting, too...(hadn't heard that before). I assume they're referring to something other than the silver proof or Unc (satin proof) sets. Could that mean "numismatic" versions of the Five Ounce coin?

Has anyone heard of anyone that plans to offer these "coins" for sale?

 

Log in or Sign up to hide this ad.

I also read that article and noted that bolded sentence as well when it was published. I was puzzled by the Director's comments.

The first paragraph seems to utterly contradict the second paragraph in who will sell these in the portion of text you quoted: teh network of authorized purchasers or the Mint directly to the public??? Sounds like another US Mint runaround story until they can figure out a true breakthrough in production and logistics.

I haven't heard of anyone: no dealers, no authorized purchasers, no Parks, and not the Mint preparing to actually announce these coins for sale. Nor have I seen any other articles since these comments about when, if or who will have these coins.

 

That's sorta why I was looking around for them. I figure with all the production problems they're having...there may not be very many of the first year (bullion) coins minted. If that's the case...I gotta have one! :hail:

 

Please post a pic of it when you get one.

 

I hope they issue them through the Parks. I have 2 within 30 miles of here and they won't have an inventory for very long if they are issued and sold at the park gift shops....there will be a gift shop close by that has them, though.

 

Below is the last I heard of the 5 ouncers and I kinda felt like the idea was shelved but I think the US mint is still working on it. In the story below they told congress it wasn't possible and were told to make it happen. So we will see what happens. I know that it will be a hot item as it will be the first 5 ouncer, and I for one will create the money to get one!

http://www.coinnews.net/2010/02/15/...rica-the-beautiful-quarters-and-silver-coins/

CoinNews Question: I have a question about the America the Beautiful 5 oz silver coins. How will the Mint distribute those? Will it be ordered directly from you or do we have to go through one of your authorized buyers?

A: Right. The authorized, primarily as a bullion coin, although we can make them as a numismatic product. So right now the focus has been on making them. Because when you have… the law was very specific, they said it had to be a certain diameter and it had to be 5 ounces. Well, there isn’t a 5 ounce blank out there, so we had to get this custom made.

Then, because it was 3 inches in diameter, well we’ve got a 5 ounce piece of silver and we stretch it out to a 3 inch diameter, it’s paper thin. And then congress mandated that we had to edge letter it. So when you edge letter a paper thin coin, you get crumples. We went back to congress and said technically it isn’t possible, and they said we’ve got too many other things going on, you guys figure out how to do it. We’ve been technologically struggling to make this coin happen.

We’ve made some breakthroughs in it, where the edge lettering is not as deep or noticeable. But it now doesn’t mess up the rest of the coin now. That addresses the difficulty that we’re having with the coin. So, we’re having that difficulty, we’re just shooting to meet the legislative mandate making it a bullion coin for now. Really a bullion coin is bought by authorized purchasers. That’s the only way you can get them. And when we work out the kinks, we’ll consider making them a numismatic product out of them.

 

I agree with you and am definitely buying. I have a strong feeling that these are going to pop up with little notice and sell out quickly. TC

 

They could be interesting.

 

I know the mint was figuratively speaking that the bullion will be "paper thin", however could this cause it to have a greater/less chance of having an error?

 

Moy looks like a stand-up comedian when he does his talks.


"So...a Priest, a Rabbi, and a Minister walk into a bar..."

 

Yeah maybe he can find a spot on "last comic standing"!!

 

And now this too from the Mint "America The Beautiful" Trademark Owned by the US Mint?

via CoinUpdate.com [6/1/2010]

...soon enough US coins will have legal teams reviewing coin designs to include: ©, ® and ™ symbols. Maybe they'll start enforcing coin grading to only consider coins with those symbols still represented at the time of slabbing too. :goofer:

 

Does that mean we have to pay the Mint a royalty if we want to sing "America the Beautiful"?

 

LOL! You will also be required to sound out the appropriate trademarked or registered symbol in your recital of the lines bearing "America the Beautiful".

 

"America the Beautiful (registered trademark of the US Mint)"


These people have lost their minds!!!

 

YES!!! Just apply phonics to the singing of the "America the beautiful arr tee em"

"America the beautiful®™

 

OK...[alt]...what?

 

What does it mean, in practice, when the enabling legislation for a coin series leaves the mintage up to the Treasury's discretion?

If I read the law authorizing the 5-ouncers correctly, it doesn't specify a number, and doesn't say "sufficient to meet public demand".

Has that ever happened before, and what was the result if so?

 

I think it means that the Mint is required to give production priority to bullion coins over numismatic coins. For instance, that's why there weren't any Proof/Unc(w) ASEs minted in 2009.

 

Does that mean the Mint can say "Woops, we barely have enough silver for the bullion Eagles, but Congress told us to mint a 5 ounce piece, so we decree that the appropriate number is 1"?