What happened to the 3 in. Bullion coins?????

They have the silver... they don't have the ability to produce enough blanks.

 

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Too bad coin dealers and collectors cannot individually revive some of the 'free coinage' ideas and get our silver Minted into coins we want to collect on demand.

 

Frankly the Mint can't win. If they make a lot of a particular issue the price falls on the secondary market and the collectors whine that the Mint ripped them off by charging too much and flooding the market so there was no secondary support. (And if they had charged less wouldn't that have resulted in even mor being sold an an even worse aftermarket?)

If the mintage is low then they sell out quickly and the collectors whine that they didn't get a chance to buy it at issue price and now they'll have to pay much more to the "rip off dealers". The only ones who don't whine are those who were lucky enough to have been able to buy a supply from the mint, and they are perfectly willing to play the part of the "rip off dealer" and they think the Mint did a great job.....This time. And they continue to think so until they miss out on the next hot item. Then they want the Mint's hide.

Remember it was Congress that decided we must have these things. I still think the Mint would be very happy NOT to have to make them.

What company do you propose they give the money away too? The mint can still punch out blanks but they don't have the capability to create the strip anymore. I'm not sure if they would even have the ability to punch out blanks of that size anymore. That's why they get all the Eagle blanks from outside suppliers

 

What I find interesting is the Quarters Act ordered their production, but as of now there are only four months left in which to sell them if they were made.

 

funniest post of the week

 

Its to bad, at this rate silver will be $25 an ounce before they come out with retail at $200 on those coins I would of liked to collect them but now i will just wait to see if silver drops to around $15 dollars an ounce and pick up the ones i missed on that after market

 

If I am going to pickup something big and round in silver, I would be ordering a kilo sized Kookoburro (minted by the Perth mint).

 

Perth mint to me is on the same level as the Franklin mint, but with a troll on the front and over priced

 

No four months left to MAKE them. They can sell them to the bullion distributors as long as they have them on hand.

 

Can the U.S. mint legally make 2010 dated coins in 2011?

 

Yes they can. Most 1965 SMS Sets were minted in August 1966.

 

According to the Quarters Act, they must be made and sold within the year that their corresponding quarters were made. Read in full here: http://www.americathebeautifulquarters.gov/files/quarters_act.pdf

 

Not without passing special legislation to allow it. The 1964 - 67 dated coins could be coined in other years because of provisions in the Coinage Act of 1965. Likewise the act authorizing the bicentennial coins contained provisions to allow the retention of the 1974 date for the first half an 1975, and for the coinage of the Bicentennial 1976 dated coins to be struck in 1975. There is no such legislation in the bill that authorized the Territory quarters so they would have to introduce it and pass it first.

Of course on the other hand the mint typically violates the law every year by making coins for the coming year in the last two months of the preceding year. They make the claim that as long as they don't release them early it's OK. That's NOT how the law is written.

You are correct, I was wrong about that.

``(2) Availability for sale.--Bullion coins minted under
paragraph (1)--
``(A) shall become available for sale no sooner than
the first day of the calendar year in which the
circulating quarter dollar of which such bullion coin is
a duplicate is issued; and
``(B) may only be available for sale during the year
in which such circulating quarter dollar is issued.