ATB Five Ouncers

haha...who knows? Here's the legislation...

 

Log in or Sign up to hide this ad.

Apparently the Mint has been able to produce them in sample quantities, as mentioned in passing at http://blog.numismaticnews.net/buzz/2010/04/28/CCACMakesHistoryOnTwitter.aspx . Of course they could still be having production problems that would prevent regular production, but at least they've overcome the showstoppers Director Moy reported a while back.

The press is capable, if demand and the Mint allow, of one million coins per year: http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=9548

 

Time will tell on this.
And I'm watching closely.

 

OK, more ignorant questions from me.

Can the Mint make numismatic versions of the 5-ouncer without specific legislation to allow it?

Isn't edge lettering done by putting the lettering onto the collar? Why would it cause a coin to "crumple"?

If they're less than twice the diameter of a silver American Eagle, that means they're less than four times the area, which means that with five times as much mass and therefore volume of silver they are more than 25% thicker. Why would anyone call that "paper thin"?

If I buy hypothetical numismatic versions for fun but want to keep an eye on whether they hold their value, what is the history of unusual sizes and designs? Does the collecting community tend to discard them and treat them as gimmicky outcasts, or to prize their uniqueness?

How the heck are we going to store them?

Oh, and is it normal for the Mint to be almost halfway through a coin's issuance year without announcing a release date or a price?

 

My guess is the novelty of this being the first 5 ounce coins produced by the mint, along with production problems leading to only a few being minted, that this will lead to good collector value. But, with any collectable, it depends on what people want. I could see even if the series doesn't do well, that these first year issues might still do ok due to the two above reasons mentioned.

 

All great questions...

I doubt it...but I don't know for sure.

I'm not sure I know what you're referring to as "collar".

My understanding is that edge lettering is applied by a special machine that "rolls" the coin across a bar with the raised lettering. Considerable pressure is applied to impress the lettering into the metal.

I read where the "crumpling" problem was addressed by using less pressure and accepting shallower edge lettering.

Your numbers are accurate. I think the thickness of the 5oz coins should be about 1.3x the thickness of the current ASE. That would "seem" sufficient for edge lettering.

The required pressure relative to the diameter of the coin may be an issue. The affects of the post minted devices may also compromise the rigidity of the coin, also.

If that were the case, I would think they would consider applying the edge lettering first, then minting the coin.

No idea...I suspect they're gimmicky. However, the ATB coins are US Mint products and may be viewed differently by the collecting public.

One poster had a unique idea a while back...he posted a picture of a Hockey Puck display case that would be PERFECT for these coins!!

I just checked with my local coin shop, Golden Eagle Coins, and they said the Mint will begin releasing these coins around October. GEC plans to sell them on a "First Come, First Serve" basis once they arrive; they're not taking pre-orders (not from me, anyway). They can't/won't quote a price att.

 

Thank you, Yakpoo!

So the edge lettering isn't done as part of the strike, by making it part of the cylindrical band that keeps the coin from squishing out between the dies?

 

hey guys i have yet to find the link to place the orde for the 5 oz coin..

 

I haven't seen a place taking preorders.

 

Does anyone remember when publishers started to put holograms (along with other gimmicks) on comic books to charge a higher price???

 

Source: Coinlink.com

US Mint to Start production of 5 oz Bullion Coin with “America the Beautiful Quarter” Designs


The U.S. Mint has confirmed that it plans to release five-ounce .999 fine silver bullion coins later this year in accordance with the AMERICA’S BEAUTIFUL NATIONAL PARKS QUARTER DOLLAR COIN ACT OF 2008 . The coins will be the first five-ounce coins ever produced by the Mint.
The coins will bear the same designs as the new legal-tender quarters of the America the Beautiful Quarters Program. The first quarter in the program, honoring Hot Springs National Park in Arkansas, was released into the banking system April 19, 2010. Four more quarters will be released this year, with five quarters being released annually through 2021, concluding with the final quarter in 2022. The new quarters will commemorate 56 national parks and sites.
The Mint’s America the Beautiful Program will be well received as will be the companion five-ounce silver bullion coins. The America the Beautiful Quarters Program follows on the heels the U.S. Mint’s hugely successful State Quarters Program, which only recently concluded. The five-ounce coins will be sold via the U.S. Mint’s distribution system that has made American Eagle gold bullion coins and American Eagle silver bullion coins the best-selling gold and silver bullion coins in the world.
The five-ounce silver bullion coins will be near exact replicas of the legal-tender quarter dollars, with the inscriptions on the silver bullion coins identical to those on the quarters, including the denomination “quarter dollar.” However, legal-tender quarters will have milled edges (Also called reeded edges in the coin industry.) The five-ounce coins will not have milled edges but will have their fineness (.999) and their weighs (five troy ounces) incused as edge lettering. The individual coins will be three inches in diameter.
The Mint has not given a release date for the five-ounce coins beyond “mid-year.” Nor has the Mint disclosed how the coins will be packaged. The Mint ships its one-ounce Gold Eagle coins and one-ounce Silver Eagle coins five hundred to a box, twenty-five tubes, twenty coins to a tube. This packaging method has worked extremely well, both for shipping and for protecting the coins against damage during shipment and while stored by investors. It is likely that the Mint will package the coins five or ten to a tube, five hundred ounces (100 coins) to a box, which would weigh right at forty-two pounds.
Finally, the Mint has given no hint as to the premium at which it will sell the new five-ounces silver coins. It is likely that the America the Beautiful silver bullion coins will carry smaller premiums than the premiums on 1-oz Silver Eagles.

 

In theory that sounds like a good idea, but I doubt there would be enough "squish" pressure to sink the lettering to the proper depth. Besides, if they did that with the Presidential dollars, all the edge lettering would be "right side up". The lettering on those coins is about 50-50.

 

Thanks Rhino...very interesting article. I'm hearing the coins could be delayed as late as October. The longer they wait, the more I gotta have one!

 

Yellowstone is the one I'm waiting on.

 

Seriously!? All this talk of "production issues"....
Can someone please just call Perth and get some pointers here, people...?
We're waiting to buy already!!

 

Topcat reports that APMEX will soon begin selling these coins

 

email reply from Apmex said they will be sold in late July, but nothing more specific...right around the corner!

 

Personally, I cannot wait to get the ATB five ounce coins. Gonna be larger than the quarter. And the quarter designs are special designs, truly art for art's sake....whoever Art is....LOL.

 

Still haven't seen anything from APMEX. I see this at the MintNewsBlob.

 

Sent a PM to Dave McCarty (from APMEX but also a CT member) last week, and he said they do not know when they will be getting them. He advised to set the alert. I have a funny feeling that we will be seeing these right around the holidays. TC