A T B 5oz Coin Launch

Click the link in the top right regarding A T B

http://www.amark.com/

http://www.sj-r.com/carousel/x10491...ns-attract-crowd-of-collectors-to-Springfield

http://numismaticnews.net/article/Everybody_wants_one/

http://blog.numismaticnews.net/buzz/2011/01/07/PricesCantLastForSilver5ounceSet.aspx

 

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Very interesting articles. Thanks for passing this along.

 

Your welcome ! I ran a search on craigslist in springfield Ill. Where they were sold and only found one listing on them it makes you wonder how fast there flipping them !

http://springfieldil.craigslist.org/clt/

 

Let the price gouging begin!!!!

 

Oh, it has. And the first year will probably be the key in the series with those limited mintages. I think the prices may settle somewhat after the hype is over though.

 

The mintages will not change. I think that the market for these will react much like the market for First Spouse gold coins went. The first 4 sold out, then after that they couldn't sell all of them.

IMHO the market reaction to these coins is two-fold. 1) A curiosity for a 5oz silver coin in the biggest bull silver market in the last 30 years and 2) the speculators are buying these with the intent of big profits in the secondary market. The first to sell them will realize huge profits, but as more enter the market, prices will normalize and my guess is that will be close to melt.

Anyone sell any LP1 Lincoln Cent rolls lately?

 

Could verry well be Mike ! Get in early . But were can one acquire a set this artical states that most of the AP's are still trying to figure out a system to sell them they dont want to end up like The Gold Center in disarray )0:

Has anybody read the artical on coin world today about how the secondary market is getting all these ATB 5oz sets ? When the mints compliance policy states only one per household they asked 5 third party grading companys Who are sending them in to be graded They said thousands of customers send in coins we cant distiguish one from the other or keep track of them all Its an interesting aritcal this series sure has alot of twist's too it !

 

Not knowing if or when the AP's will ever start selling again is creating a smaller supply on the secondary market that isn't meeting demand .And with a low mintage of only 33,000 set's I think there will always be a demand They will be flipping these for years to come and that will drive up the value on them When the word gets out about the popularity of them.

 

How much did the US Mint originally charge for the 5 ATB's anyways, anyone know?

 

They sold to the distributors for the (spot price X 5) + $10 or a little less than $160 per coin or about $800 per set.

 

Well ain't that about a kick in tha pants?!! No wonder ppl are so taken aback by it! Greedy distributors, I would say the US Mint needs to do something about this "wrong"! What happens to the little guy? nevermind!! I'll be looking for the lube I guess!! That's a darn shame!!

 

I'm a capitalist, but 3900 bucks(Coin Vault) for a set is outrageous plain and simple. Let John the plumber buy em, I'll pass. As far as I'm concerned, those coins are dead to me LOL.

 

I think we needto come back to this thread in about 52 weeks. I bet this is a pretty accurate prediction. Watch the economy pick up, and silver drop along with demand for these oversized quarters. I hope a few of these current price gougers get stuck with a stockpile of 'em. Karma...

 

+1

 

+1 If the mint releases the collectors versions of the 2010 coins in 2011, the novelty of the 2010 bullion issue will start to wear off quickly. TC

 

Whoa hold on there.

One, when they were initially to go on sale back on Dec 6th the distributors were selling them for $1500 a set (What do you expect after the mint suddenly cut the mintage by 2/3rds from 100K to 33K. These were obviously going to be a high demand low availability item and the "value" was going to be well over the metal value.)

Two, There were a lot of complaints and the mint canceled the distributors orders and then made them agree to charge no more than a 10% mark up. So the distributors aren't charging more than about $880.

Three, The $3700 to $5200 prices that are now being asked for these sets is NOT coming from the initial distributors.

Everyone is calling the distributors greedy when they are having to sell the sets for an $80 profit to people who are than going to immediately flip them for a $3000 profit. The big secondary retailers like the TV people got their supply by paying a large number of people to buy them for $880 from the distributors, or in some case from sets bought wholesale by their suppliers from other collectors flipping them for a profit after buying them from the distributors.

The distributors are getting a bad and unjustified rap out of this deal. They are about the only ones who AREN'T being allowed to be greedy. (Two of the distributors felt the deal from the mint was bad enough that they declined to participate. For awhile four of them were passing on the deal but two of them changed their mind at the last minute.)

 

Duly noted, so if you're right then you're right but I've seen some of the prices from Apmex and one of the other bigger companies. I guess it will all come out in the wash. One thing we all agree on tho is that it's such a big mess some ppl aren't interested anymore and to that I say way to go US Mint for screwing things up for the little guy!!

 

A lot of this has been discussed and debated ad nauseum. The big question I have at the moment is why are the distributors taking so long to actually make them available for sale? I can understand a delay on the part of some distributors, but APMEX has a website with a page already set up to sell them. Why not just put them up there and sell theire allotment? They fulfilled the orders of the pre-sale they did back in December but haven't offered the rest for sale yet. It makes no sense. Even Fidelitrade, who isn't really set up to sell to the retail public, came up with a way to sell their allotment. You'd think they'd be tired of fielding call after call about when the coins would be available.

Anyone have any idea what the delay is?

 

I agree the Mint did mess some things up with these but a lot of the errors can be laid at the feet of the Congress that authorized them. I think the real problem with these is that the mint never really wanted to make them at all. I think a lot of the problems stem from the mint delaying and dragging their feet and making complaints hoping the law would be changed. All of the complaints about the edge lettering and the planchets being too thin to letter were all lies, but they used those argument to drag their feet.

There were a lot of complaints about the mint not selling them directly and letting the distributors handle all the sales, but the legislation mandated that it be done that way. The Mint had no choice. (actually they are using what to me is a questionable interpretation of the law to permit them to sell collector versions this year.)

People have said that the distributors would cause the prices to be high, but when was the last time the mint sold a collector version of a bullion coin for the same as the distributors? The collector versions of these coins direct from the mint will be considerably higher than the distributors are selling the bullion versions.

 

I think the AP's are letting the secondary market have there way with potential buyers that cant wait to get them from the AP's and with unsuspecting buyers that dont know to just wait for the AP's start to selling them again

The demand is alot higher than the supply because the AP's aren't releasing them to the general public And the secondary market is taking full advantage of that fact they are profiteering on this hot new release because everybody wants one but cant get them right now !

I think its because the mint cut the cost to 10% above spot and mintage from 100K to 33K at the last minute over the 2010 holiday when alot of people weren't watching )0;