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<p>[QUOTE="Phil Ham, post: 3244546, member: 5787"]With the release of the Block Island puck, I thought it would be a good time to update the market values versus their mintages. Although the Rhode Island puck had a slightly higher initial demand than its Georgia counterpart, it certainly wasn't a robust opening week. Cumberland Island has yet to reach 14,500 in sales despite two months of sales. Seven pucks are on sale at the mint (two from early last year) with little buyer interest. You can drive one off the lot and expect a 10% reduction in value and later, buyer's remorse. In addition, there is little demand for the sold out pucks on the secondary market. The low price of silver is reducing demand while spurring ASE bullion sales. Meanwhile, puck values are declining faster than Grant took Vicksburg. Considering silver near $14/ounce, the mint should lower the price in 2019 to keep this program on life support. It is going the way of the presidential dollars. The chart and graph tell the gloomy story.</p><p><br /></p><p>[ATTACH=full]850117[/ATTACH]</p><p><br /></p><p>[ATTACH=full]850118[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Phil Ham, post: 3244546, member: 5787"]With the release of the Block Island puck, I thought it would be a good time to update the market values versus their mintages. Although the Rhode Island puck had a slightly higher initial demand than its Georgia counterpart, it certainly wasn't a robust opening week. Cumberland Island has yet to reach 14,500 in sales despite two months of sales. Seven pucks are on sale at the mint (two from early last year) with little buyer interest. You can drive one off the lot and expect a 10% reduction in value and later, buyer's remorse. In addition, there is little demand for the sold out pucks on the secondary market. The low price of silver is reducing demand while spurring ASE bullion sales. Meanwhile, puck values are declining faster than Grant took Vicksburg. Considering silver near $14/ounce, the mint should lower the price in 2019 to keep this program on life support. It is going the way of the presidential dollars. The chart and graph tell the gloomy story. [ATTACH=full]850117[/ATTACH] [ATTACH=full]850118[/ATTACH][/QUOTE]
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