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<p>[QUOTE="yakpoo, post: 1240459, member: 18157"]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 "<span style="color: #ff0000">free money</span>" 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, <b>so let's get our thoughts out and see what happens.</b> :cheers:</p><p><br /></p><p><b>Resolved: </b><span style="color: #000000">The 2010 and 2011 Silver Proof sets will turn out to be real winners and be essentially </span><b><span style="color: #FF0000">"Free Money"</span><span style="color: #000000">!</span><span style="color: #FF0000"></span></b></p><p><b><span style="color: #FF0000"><br /></span></b></p><p>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, <b>only</b>. Add to that the turmoil in commodity prices and securities markets in general and we have a recipe for extraordinarily <b>LOW </b>sales figures.</p><p><br /></p><p>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. <b>1995 </b>is the Key date so far at <b>679,985 (basically, 680K) </b>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 <b>significantly below 1995</b>.</p><p><br /></p><p>If you take the average sales for the past ten (10) weeks and extrapolate that forward, you should see final sales figures of...</p><p><br /></p><p>2010 Ten (10) Week Average: 575</p><p>2010 Projected Final Sales: 582,489</p><p><br /></p><p>2011 Ten (10) Week Averate: 3,651</p><p>2011 Projected Final Sales: 515,731</p><p><br /></p><p>Typically, sales continue to wane until the final couple of weeks when interest picks up...so 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.</p><p><br /></p><p>The current sales price for these products is...</p><p><br /></p><p>2010: $64.95 (silver "break even" point...$44.74/Oz)</p><p>2011: $67.95 (silver "break even" point...$46.98/Oz)</p><p><br /></p><p>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.</p><p><br /></p><p>All indications are that the final sales number for these products will be anywhere from 15% to 25% <b>BELOW </b>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. </p><p><br /></p><p>Anything extra is just <span style="color: #ff0000"><b>FREE MONEY</b></span>!! :hail:</p><p><br /></p><p><img src="http://i664.photobucket.com/albums/vv10/Yakpoo/BigPicture.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1240459, member: 18157"]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 "[COLOR=#ff0000]free money[/COLOR]" 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, [B]so let's get our thoughts out and see what happens.[/B] :cheers: [B]Resolved: [/B][COLOR=#000000]The 2010 and 2011 Silver Proof sets will turn out to be real winners and be essentially [/COLOR][B][COLOR=#FF0000]"Free Money"[/COLOR][COLOR=#000000]![/COLOR][COLOR=#FF0000] [/COLOR][/B] 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, [B]only[/B]. Add to that the turmoil in commodity prices and securities markets in general and we have a recipe for extraordinarily [B]LOW [/B]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. [B]1995 [/B]is the Key date so far at [B]679,985 (basically, 680K) [/B]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 [B]significantly below 1995[/B]. 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 up...so 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% [B]BELOW [/B]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 [COLOR=#ff0000][B]FREE MONEY[/B][/COLOR]!! :hail: [IMG]http://i664.photobucket.com/albums/vv10/Yakpoo/BigPicture.png[/IMG][/QUOTE]
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