Free Money!

Discussion in 'Bullion Investing' started by yakpoo, Aug 7, 2011.

  1. yakpoo

    yakpoo Member

    Have you ever seen something that looks too good to be true (so it's probably not), but you just can see why? The US Mint seems to be giving away "free money" and I just don't see the problem. I've mentioned this a few times in other threads, but thought it deserved a thread of its own. Some may agree and others won't, so let's get our thoughts out and see what happens. :cheers:

    Resolved: The 2010 and 2011 Silver Proof sets will turn out to be real winners and be essentially "Free Money"!

    The US Mint shifted their sales schedule of these products from "August to August" to "January to January". This means that sales of the 2010 and 2011 Silver Proof sets overlaps for this year, only. Add to that the turmoil in commodity prices and securities markets in general and we have a recipe for extraordinarily LOW sales figures.

    The reason I focus on the Silver Proof sets is because I collect silver proof Kennedy halves and Roosevelt dimes and they can only be found in these sets. 1995 is the Key date so far at 679,985 (basically, 680K) for each coin. There's 21 weeks left in 2011 and the charts below show the sales trends for the 2010 and 2011 products for June and July. It looks like 2010 and 2011 sales will come in significantly below 1995.

    If you take the average sales for the past ten (10) weeks and extrapolate that forward, you should see final sales figures of...

    2010 Ten (10) Week Average: 575
    2010 Projected Final Sales: 582,489

    2011 Ten (10) Week Averate: 3,651
    2011 Projected Final Sales: 515,731

    Typically, sales continue to wane until the final couple of weeks when interest picks projecting the average sales from the midway point is fairly accurate (based on my observations of other US Mint product sales trends). It's even possible that the 2010 product could sell out sooner since the coins (by law) can only be struck during the year inscribed on the coin.

    The current sales price for these products is...

    2010: $64.95 (silver "break even" point...$44.74/Oz)
    2011: $67.95 (silver "break even" point...$46.98/Oz)

    The "break even" point is the point where the coin and bullion value of the set equals the sales price. The "break even" point is derived by subtracting $5.06 for the non-silver coins, then dividing the remainder by 1.33866 (troy ounces of pure silver in each set). As we know from earlier in the year, when silver rises near these levels, the US Mint suspends sales until they can post a new price with the Federal Registry...or the price of silver comes back down. This can disrupt sales for a month or more, but the end date for both products remains 31Dec2011...according to the Mint.

    All indications are that the final sales number for these products will be anywhere from 15% to 25% BELOW the current key date (1995). If these sales projections hold true, the price for these two (2) coins alone will pay for the set. If silver rises over $45-$47, the silver price alone will pay for the set.

    Anything extra is just FREE MONEY!! :hail:

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  3. McBlzr

    McBlzr Sr Professional Collector

    I bought Five each of the 2010 & 2011 Silver Proof sets ;)

    Attached Files:

  4. yakpoo

    yakpoo Member

    Beautiful coins!!

    I know $64.95 and $67.95 is a lot of money, but I wouldn't be surprised to see these set selling for $200-$300 each in a few years...assuming the world doesn't end. :eek:
  5. Levi

    Levi Member

    Shhhhh! :too-funny:
  6. yakpoo

    yakpoo Member

    LOL...(I hear ya!)

    Gold and Silver is going NUTS tonight...we may get that sales suspension sooner rather than later!

    [TABLE="width: 540, align: center"]

    [TD="width: 16, bgcolor: #000000, align: center"][/TD]
    [TD="width: 80, bgcolor: #000000, align: center"][FONT=Arial, Helvetica, sans-serif][/FONT][/TD]
    [TD="width: 369, bgcolor: #000000, colspan: 5, align: center"]The World Spot Price - Asia/Europe/NY markets
    [TD="width: 73, bgcolor: #000000, align: right"][​IMG][/TD]

    [TD="width: 16, bgcolor: #000000, align: center"] [/TD]
    [TD="width: 522, bgcolor: #F3F3E4, colspan: 7, align: center"][FONT=Verdana, Arial, Helvetica, sans-serif][FONT=Verdana, Arial, Helvetica, sans-serif]SPOT MARKET IS OPEN[/FONT]
    ( closes in 19 hrs. 22 mins.)
    [TR="bgcolor: #F3F3E4"]
    [TD="width: 16, bgcolor: #000000, align: center"] [/TD]
    [TD="width: 80, bgcolor: #CCCC99, align: center"]Metals[/TD]
    [TD="width: 80, bgcolor: #CCCC99, align: center"]Date[/TD]
    [TD="width: 80, bgcolor: #CCCC99, align: center"]Time (EST)[/TD]
    [TD="width: 68, bgcolor: #CCCC99, align: center"]Bid[/TD]
    [TD="width: 68, bgcolor: #CCCC99, align: center"]Ask[/TD]
    [TD="width: 146, bgcolor: #CCCC99, colspan: 2, align: center"]Change from NY Close[/TD]
    [TR="bgcolor: #F3F3E4"]
    [TD="width: 16, bgcolor: #000000, align: center"][​IMG][/TD]
    [TD="width: 80, bgcolor: #F3F3E4, align: left"] GOLD[/TD]
    [TD="width: 80, align: center"]08/07/2011[/TD]
    [TD="width: 80, align: center"]21:53[/TD]
    [TD="width: 68, align: center"]1693.40[/TD]
    [TD="width: 68, align: center"]1694.40[/TD]
    [TD="width: 73, align: center"]+30.00
    [TD="width: 73, align: center"]+1.80%
    [TR="bgcolor: #F3F3E4"]
    [TD="width: 16, bgcolor: #000000, align: center"][​IMG][/TD]
    [TD="width: 80, align: left"] SILVER[/TD]
    [TD="width: 80, align: center"]08/07/2011[/TD]
    [TD="width: 80, align: center"]21:53[/TD]
    [TD="width: 68, align: center"]40.23[/TD]
    [TD="width: 68, align: center"]40.33[/TD]
    [TD="width: 73, align: center"]+1.91
    [TD="width: 73, align: center"]+4.98%
    [TR="bgcolor: #F3F3E4"]
    [TD="width: 16, bgcolor: #000000, align: center"][​IMG][/TD]
    [TD="width: 80, align: left"] PLATINUM
    [TD="width: 80, align: center"]08/07/2011[/TD]
    [TD="width: 80, align: center"]21:53[/TD]
    [TD="width: 68, align: center"]1717.00[/TD]
    [TD="width: 68, align: center"]1725.00[/TD]
    [TD="width: 73, align: center"]+1.00
    [TD="width: 73, align: center"]+0.06%
    [TR="bgcolor: #F3F3E4"]
    [TD="width: 16, bgcolor: #000000, align: center"][​IMG][/TD]
    [TD="width: 80, align: left"] PALLADIUM[/TD]
    [TD="width: 80, align: center"]08/07/2011[/TD]
    [TD="width: 80, align: center"]21:53[/TD]
    [TD="width: 68, align: center"]728.00[/TD]
    [TD="width: 68, align: center"]734.00[/TD]
    [TD="width: 73, align: center"]-14.00
    [TD="width: 73, align: center"]-1.89%
  7. yakpoo

    yakpoo Member

    Sales figures for 09 August 2011 are down...

    2010 Silver Proof set: 375
    2011 Silver Proof set: 2658
  8. bradarv90

    bradarv90 Member

    It took me like 5 times to figure out what you meant but now that I get I think I might buy a proof set or possibly, if I can scavenge enough money, a silver proof set. Genius
  9. dadc

    dadc New Member

    i think i need to reread the OP 3 more times to get it.
  10. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    What is your guess? Will the new key date be 2010 or 2011?
  11. bradarv90

    bradarv90 Member

    So when do they stop selling 2010 stuff?
  12. BullionBully

    BullionBully New Member

    I did the 2010 ATB set... might as well get some of this. 5 sets of each it is! Call me greedy but I've never had proofs so this might be a cheap way of picking them up.
  13. BullionBully

    BullionBully New Member

    Placed my order for 5 of each. Should pay off since I'm planning to hold for a few years
  14. yakpoo

    yakpoo Member

    BOO HOO!! I'm soooo misundersood. :so-sad:STELLA!!!!

  15. green18

    green18 Sweet on Commemorative Coins Supporter

    That's a "Pattern" and has absolutley no place in this thead. Foul indeed.....:)
  16. yakpoo

    yakpoo Member

  17. BullionBully

    BullionBully New Member

    Lol, I had to read it a few times as well.

    In simple terms:
    - Collectors of the Kennedy halves and Roosevelt dimes proofs can only be found in these sets.
    - First time any set has overlapped while being sold via US Mint.
    - From the looks of it, the 2010 series might be short of what was projected in total sales.
    - With silver currently @39.XX, it's a few bucks away from breaking even with spot pricing if you do the math correctly.
    - Although it's a little more pricey compared to a 1oz ASE, but keep in mind it's more silver content and has numismatic value.
  18. 10gary22

    10gary22 Junior Member

    Man, and I have been buying the 96 W,s and the 11 coin mint sets ! Guess I had better look into this ?


  19. bradarv90

    bradarv90 Member

    Just this morning I bought the 2010 Silver proof set and in a couple weeks I'll buy the 2011.
  20. yakpoo

    yakpoo Member

    ...What HE said! :hail:

    Prices close to "break even" with HUGELY (most likely) lower mintages than any other Silver Proof sets. :hail:...KEY DATES!!!
  21. redskins26

    redskins26 Member

    I got 10 2010 silver quarter proofs in the mail 2 days ago
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