Chickasaw Bullion -- Lowest Mintage -- Time To Buy?

As of December 28th, the sales for the Chickasaw 5-ounce bullion coins was 26,400, which is at least 6,500 fewer than any of the 2010 coins and any of the 2011 coins. Sales had to end on December 31st. Are these worth buying knowing there is a good chance they are the lowest mintage to date or will nobody even care after the 2012s begin being released with even lower mintages due to the lack of interest in the program? What do you gurus think?

 

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So the pucks have the lowest mintage (currently) and the quarters have the highest mintage?

 

I think it will be like the first spouse gold coins, mintage will be lower and lower.

 

I thought about it but decided not to buy. I bet that future mintages will be even lower. TC

 

I agree, and I also think that's good news if you plan to stack or collect these.

 

These 5oz ATB's are very interesting to me. On the one hand since interest is very low right now this could be something that might really demand a premium a few decades from now. On the other hand are these really coins? They are huge. Will there be "collector" interest in these down the line or strictly as a bullion oddity like limited run silver bars.

To make it worth staying with this entire series there really needs to be a reason for the value of them to go far higher than just the silver content. I'm just not sure. Maybe if this is the only time in history the mint makes these 5 oz "pucks" we could get a run up in price. Who knows.

As a side note I'd be interested in seeing a 5oz gold puck from the mint. Can you imagine shelling out almost 10 grand for giant First Spouse? It would have such a low mintage it might be along the lines of the Panama Pacific Fifty Dollar Octagonal Gold which has 2.4 oz of gold but is very rare.

 

To me they're just some over glorified bullion. I don't see paying anything over a few dollars over spot per ounce for them. However, the mint sees them as more than just bullion. Look at it this way, eventually they will become scarce if the price of silver climbs back up to record levels. People will buy them up as a reaction to the increase and a lot of them will eventually get melted. Therefore, making the balance of the existing pieces exceedingly more rare.

 

I decided to speculate and pick up a tube of Chicks during this last dip to 27.......I'm hoping that the law is upheld and this mintage stays around 27K.

Here's a link to the most recent sales figures I could find.
http://www.silvercoinstoday.com/vic...lated-silver-coin-sales-start-at-7861/105611/

 

To me these are winners.........the premiums are competitive to ASE's and in some case's cheaper. On top of that the mintage's are a mere fraction of ASE's and the assortment of designs are nice too imho. I buy them as a bullion investment with the hope of them becoming popular in the future.

 

I'm thinking about picking up a puck which has already been PCGS certified as DMPL. Glacier is $195 and Chickasaw is $340. That latter one is hard to swallow for me, at this stage of my knowledge base. Down the road that extra $145 may look like a penny on the sidewalk, but my bet is there will be a lower mintage later (like Topcat said).

 

I hope someone cares to pay a premium for these sooner than a few decades from now, my guess is I'll be long gone by then. Many people picked up the Yosemite but paid the full price of $279 me included, then the price of silver dropped. Oh well, you win some and you lose some. That said, I think there are better investments than the 5 ouncers. Of course if that's what you want then go for it. :thumb:

They're great looking monster size coins but their demand is dwindling in my opinion. :yes:

 

Who is selling both bullion and collector versions, so I can see the difference in their descriptions? I see apmex is selling graded ones...are these bullion? I see only "NP" designated ones for sale at usmint...can you buy non-NP ones from them? MCM is selling graded "early release" and "first strike." Does this indicate NP, and the bullion gets minted afterward? Just getting started, obviously :thumb:

 

Hi Clint,

The coin in question is the 2011 Chickasaw bullion. The collector's version does not even go on sale by the Mint until February 9th. You can purchase the raw/ungraded coins from Mint Products, Provident Metals, Modern Coin Mart, APMEX, etc. As you mentioned, some dealers are selling graded coins also. These are also for sale on ebay.

The issue is even if these are the lowest mintage to date of the America The Beautiful bullion coins, will there be forthcoming coins that will have an even lower mintage. From what I have read, if you want to take a chance and purchase 1 or more of these, it would probably be better to get a higher-quality graded coin or a great-looking raw coin.

That's pretty much the deal with these. I hope that helps.

P. S. The Mint does not sell the bullion coins. It only sells the collector's versions.

 

Thanks! I think I'll shoot for one which has been graded DMPL.