Comments on: Olympic National Park 5 Oz Silver Uncirculated Coin Launches

By: Gary

Gary — Tue, 06 Dec 2011 15:03:18 +0000

Really big “IF” for silver getting up to $50. There is no longer a shortage of silver since it only costs $5 oz. to mine, the silver mining companies are pulling it out of the ground as fast as they can to sell it for $30. Same goes for gold, which costs about $600 oz. to mine. Platinum and palladium are far rarer in nature, in short supply, & expensive to mine. If I were buying any metals to hold for 3+ years, these would be the ones. They are bargains right now!
I see gold at $1,300 oz and silver at $20 oz in 2012. HAPPY NEW YEAR!

By: bill

bill — Tue, 06 Dec 2011 00:38:54 +0000

Dear Dr
Bargain you say?

How about buying some plain old bullion ounces. You buy your 5 oz round for $230 and Ill buy 7 ounces of bullion.

Do this 5 times a year and Ill have 35 ounces and you will only have 25.

At the end of the ATB program, you will have 280 oz and I would have 392 oz

A bargains bargain 🙂

By: James

James — Fri, 02 Dec 2011 02:06:42 +0000

I have some of the first three releases. Most are graded by NGC. They are for sale, if anyone is interested. They we’re $279.00 then, without grading, shipping, Ins, and return shipping. I would like to sell them all, including the 3 Hot Springs…..

By: DR

DR — Thu, 01 Dec 2011 04:09:45 +0000

Bill, But at $50/oz silver in the future, purchasing this coin now will have been a bargain. I, too have issues and concerns about the US Mint and its practices. In their favor, they did introduce tiered pricing on gold coins a while back. That’s preferable to just pulling coins from the market as they did a couple of years ago (?). Maybe they will do the same thing with silver.

I guess I’m more of an investor than collector. On any coins I can afford to do so, I buy extra, keep them for a while and then sell them for a profit. That offsets the cost of the coins I keep.

The Mint will always have premiums, as they should…. The cost of producing beautiful coins involves more than just the spot price of metal. But yes, their premiums are often steep, I agree. If I can be patient and recoup that premium spread and make some profit, I will do so. As long as there is a buyer for what I sell, I’ll be ok.

By: bill

bill — Wed, 30 Nov 2011 01:34:09 +0000

lol

Mt Hood still avail

lol

raise the mintage again

lol

lets see, will i buy one?
cost of silver – $31
31 X 5 = $155
cost of us mint 5 oz round = $230 + $5 for shipping = $235

235 – 155 = $80

no thanks