Comments on: US Mint Considering Lower Prices on Silver Coin Products

By: Coin Monger

Coin Monger — Sat, 29 Jun 2013 03:12:04 +0000

The Mint won’t lower their prices in face of lowering costs of operation and wonders why they aren’t selling more coins during this period of time? People shop where they get the best deals and right now it isn’t from the US Mint.

By: Kahoola

Kahoola — Fri, 28 Jun 2013 19:46:38 +0000

Have bought silver eagles from authorized resellers. A good part of the time they are spotted or otherwise impaired. Am certain that they are cherry picking the best to grade and sell at a premium, selling the rejects as regular bullion. It hardly seems fair as one pays a premium for the eagle over bullion bars. Have tried the “mint sealed” approach, coins are much better quality. Not all of the resellers ship unsearched US bullion coins.
Mint sold coins are much better quality but even then have gotten some zingers. You really do have to inspect each coin when you get them. Have sent more than a few back. The mint takes them back without question and even refunds postage. You have to give them the credit for customer service.

By: sean7k

sean7k — Fri, 28 Jun 2013 12:05:56 +0000

WDG5,
The Great Basin National Park, Nevada America the Beautiful coin contains 5 troy ounces of .999 fine silver and arrives in brilliant uncirculated condition.

Single coins will arrive in a plastic capsule, multiples of 10 will ship in original US Mint ATB tubes and multiples of 100 coins will arrive in original mint strapped “Monster Boxes.”
That is the spec sheet from provident. You are being sold a bill of goods.

By: Lopital

Lopital — Thu, 27 Jun 2013 22:18:53 +0000

I would like to see silver products price revised weekly like other metals. I understand the difference between numismatic and bullion versions, but the argument weakens as the difference in price keeps increasing. There should be a fair way of revising prices.

By: Wdg5

Wdg5 — Thu, 27 Jun 2013 17:22:02 +0000

@Sean, the difference being that dealers sell the bullion version of 5Oz while the mint sells the numismatic version of the same (hence the higher price). The difference in quality can be substantial, especially given all the complaints with scratches on most recent bullion version of Perry Victory puck. I got my mint version of the same yesterday- flawless!

By: Mark Hall

Mark Hall — Thu, 27 Jun 2013 12:24:58 +0000

Well I got a coupon for up to 10% (up to $100) off 1 item on eBay that is good until 6/30 11.59 PM PST (I think, could be EST, better double check that) and APMEX on eBay has 10x ATB 5 oz Silver Bullion Mint Direct (supposedly directly from the Mint and not cherry picked, sealed directly after receiving from the mint, which is a huge bonus) in sealed taper proof Mint tubes for at the time of this posting are are WM $1,175.75, PV $1,175.75 and Vicksburg $1,126.82. I done cut of the possibility of Vicksburg (with its 58.1k mintage) and debating between the WM and the PV. With my coupon (-$100) and shipping (+$4.95), they would cost $1080.70 which would be $108.70 each and $21.614/ozt. I can’t find a better deal than that. The coupon helps. I’ve heard Prov does cherry pick and they dont but I like the fact of of a sealed Mint Tube. 🙂 I’m hoping the spot price of silver continues to go down so the price goes down but even right now I think its a great deal (was -$10 yesterday for a little bit, they updated prices every 15 mins or so it seems).
The question before me is should I go with with WM or PV, WM Bullion is already higher than 2012 bullion totals (27k 5/12-6/25 ), PV (14.2k 6/2-6/25), GB (not an option unless I can talk AMPEX into it but at 9.9k 6/23-6/25) – I want to pick the winner (lowest mintage/highest demand) as these are an investment for my 13 month old daughter. Not sure on those actual Bullion dates they wen on sale or for how long the US Mint sales them or if they have a mintage limit on the Bullion versions as they do on the UNC P ones, if anyone could clarify.
As I wrote in another post, I got into coins and silver shortly after my daughters birth and the 5 Oz ATB Series came to my series too late. I missed the design I wanted most of all, the Hawaii, and only have the 2012 CC (bought direct from US Mint) and Acadia (bought from MCM) and the first 2 2013s. I was going to cancel my subscription to the series because of the metal meltdown and only only buy 1 at 2-3 weeks so I could at least get 1 FS GB P but I was buying at least 2 of each. I am glad the Mint may be reducing their pricing because I agree. Since my last 2012 ATB P purchase of the CC, I have left them in the US Mint shipment box instead of opening them in the event I ever get them graded (I know FS is a scam but if ppl will pay extra…) I can get the FS labels. My Acadia was already open (likely sold to me by MCM because they though it would grade poorly but I think it looks good and it was cheaper than what the US Mint sold it for at the time).
I would really like it if APMEX would let me go ahead and buy the Mint Direct Tube of WM or VP and just ship me GB instead instead as I think that one will be of those 3 the best one in the long term followed by the last 2 of 2013. Would love to hear your opinions on it. Also I bought extra 2013s P because I though the mintage’s of the ATB P series would continue to decline and after a few years the lower mintage’s have a higher value than the earlier ones? You guys think so? Think Ill ever be able to trade one of my unboxed 12/13s for an Hawaii? lol
Sorry for all the questions. Just very excited. By the time I got done writting this and double checking my numbers the price on those went up to $1,183.99 (+$7.24) lol 🙂

By: sean7k

sean7k — Thu, 27 Jun 2013 11:05:57 +0000

Why would you buy these 5 oz coins from the mint? They are $60 less at a dealer (Provident metals). The mint is not making much sense here.

By: Kevin

Kevin — Thu, 27 Jun 2013 03:33:30 +0000

Isn’t it time for silver to be re-priced weekly by the Mint, just as it does gold? Whatever prevents that from happening should be changed.

By: Mark Hall

Mark Hall — Thu, 27 Jun 2013 01:09:53 +0000

Yeah after I bit of googling I found it. How long do you think it will take them to determine the price changes, if any? How long has the process taken in the past?

By: Tim

Tim — Thu, 27 Jun 2013 00:49:30 +0000

Mark – daily, https://www.federalregister.gov