Comments on: US Mint Ends 2016 American Silver Eagle Rationing

By: Joe C.

Joe C. — Thu, 21 Jul 2016 18:42:59 +0000

I was lucky enough to be selected to receive a signed set of 2015 150th Anniversary Sets from the BEP with Rosie Rios autographs. S/N’s xxxx0123 which I consider to be a ladder S/N. Now a prized possession of mine since she has left office.

By: jim

jim — Thu, 21 Jul 2016 13:49:35 +0000

Johnny D –
I complained to Sec Lew about the mint and all he did was forward my letter to the mint (i.e. passing the buck instead of doing his job as a manager).
I got a response from Jon J. Cameron, Acting Associate Director (another temporary job assignment) but not actually from him but from somebody else signing for him (I guess he can’t even do his temporary job) saying they publish dates one month at a time giving the mint greater flexibility in ensuring that sufficient inventory is available (yada, yada, yada), ignoring the fact that for example graduations traditionally happen in June and marriages and other congratulatory events happen all year and still the 2016 Congratulations set release date remains TBD. Maybe they’re trying to drop that product offering altogether and making it’s release date so late as to be useless is how they think it’s best to do that.

The mint’s boilerplate caveat on the product schedule says all dates and prices are subject to change and in fact is even mentioned in this response letter but apparently all the temporary job workers either can’t read or don’t understand so they seem to think that once a date or even just a month is published on the product schedule they are duty bound to treat that as a life or death commitment.

All this is to say of course that the mint is being mismanaged beyond comprehension, so much so that even Rosie Rios couldn’t handle it and had to resign as US Treasurer.

By: joera

joera — Mon, 18 Jul 2016 23:27:25 +0000

I agree with Seth. I’ve been looking for the APs that DO SALE AT A SMALL PREMIUM! We should not have to look to hard for that “small premium” over melt value. Maybe the Mint, or Congress, should set what that small premium should be. Or like Joe C. asked, why not sell the bullion ASE directly to the public like they sell the burnished ASE?

By: Johnny D

Johnny D — Mon, 18 Jul 2016 21:25:09 +0000

Since we are now are in the middle of July, why is the mint permitted to keep TBD as the product release date for the following?:
2016 Coin & Chronicles Set – Ronald Reagan
American Eagle 2016 1oz Silver Proof Coin
American Eagle 2016 1oz Silver Uncirculated Coin
American Liberty 2016 1oz Silver Medal (W&S)
Limited Edition Silver Proof Set 2016
Standing Liberty 2016 Centennial Gold Coin
Walking Liberty 2016 Centennial Gold Coin

By: Seth Riesling

Seth Riesling — Mon, 18 Jul 2016 20:37:53 +0000

FYI CoinNews readers –

The US Mint was supposed to issue its new 2016 $25 1-ounce palladium bullion coin this year under the 2010 law, updated last year, but ran into problems & now instead will issue the $100 1-ounce Platinum American Eagle bullion coins on July 25 to its bullion coin Authorized Purchasers to appease Congress.

-NumisDudeTX

By: Seth Riesling

Seth Riesling — Mon, 18 Jul 2016 19:00:49 +0000

Mike Unser –

You state that the APs sell the bullion coins they buy directly from the U.S. Mint at a “small premium” above melt value. That is funny! Have you seen what some dealers charge for these common as sand ASE bullion coins. A $6 or so premium for $20 worth of silver is not a small premium. Like I have said before, you have to shop around for the best deal of course.
This will not be a record year for sales of the ASE bullion $1 coins IMHO.

-NumisDudeTX

By: Carl S.

Carl S. — Mon, 18 Jul 2016 18:24:48 +0000

Maybe it’s time for the American Liberty Silver Medals made at West Point and San Francisco and better yet the 30th anniversary proof silver American Eagles.

By: Joe C.

Joe C. — Mon, 18 Jul 2016 17:51:58 +0000

Hey, Mint. Why not make the ASE’s available directly to the public? Major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries who buy U.S. Mint bullion coins major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries who buy U.S. Mint bullion coins are already overloaded with ASE’s.
Just my 2 cents worth.