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New 5 ounce coin from bill H.R.6184
Posted:
Thu Dec 02, 2010 1:17 am
by Tomthumb
Looks like a winner with a mintage this low. I am buying as many as I can!
Here is some info I found
http://www.5ouncecoin.com
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 1:05 am
by twentybux
Any idea how many they are planning on getting out?
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 7:54 am
by Rodebaugh
yeah I am buying as many as I can.....I don't care if the premium ends up being $150 above spot.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 9:12 am
by Dave
33,000 for each coin. I believe there will be 5 coins . The mint sold over 4 millon ASE just in Nov.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 9:24 pm
by jasmatk
dont forget about the 27,000 of each they will release next year as unc they arnt calling them proof but unc versions
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 9:58 pm
by Neckro
http://www.apmex.com/Category/110/Ameri ... ogram.aspx1400$ for 5 coins. + 25$ S&H by Check, or 66$ By CC.
55.80 an ounce.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 10:06 pm
by 999Ni
ouch...that's too high of a markup per oz. for me!
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 10:42 pm
by fb101
bummer. I was looking forward to these for numismatic value but way too much premium for me.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Fri Dec 03, 2010 11:04 pm
by twentybux
fb101 wrote:bummer. I was looking forward to these for numismatic value but way too much premium for me.
Same here. That is quite an OUCH if you ask me.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sat Dec 04, 2010 9:20 am
by dougefresh
Neckro wrote:http://www.apmex.com/Category/110/America_the_Beautiful_Silver_Bullion_Coin%E2%84%A2_Program.aspx
1400$ for 5 coins. + 25$ S&H by Check, or 66$ By CC.
55.80 an ounce.
I have been patiently waiting for these to come out for quite a while. I got the email last night from APMEX showing the price of $1395 for what amounts to 25 oz. This is essentially a 90% premium to the spot price of $29.35. So that means in the future, if silver goes to $50 or $100 an ounce, these coins would still have to trade at a 90% premium to whatever the future spot price is. If not, then you are better off buying whatever quantity of silver you can right now for $1395.
This is my reluctant conclusion. I wanted to figure out how these things will be a good investment, but I just don't see it.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sat Dec 04, 2010 1:36 pm
by oober
I wanted a set too, but not for that insane price. Rediculous!!!!
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sat Dec 04, 2010 5:24 pm
by Rodebaugh
I didn't even see them go on sale.......I am not happy with the mints distribution of these coins.....matter of fact I think it's a bunch of bull [shucks]. F### the mint. I wanted a set. Why not sell them direct to the public? I mean WTF?
I need to go chill.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sat Dec 04, 2010 6:04 pm
by Neckro
Yeah, the retail sellers jacked up the price and gouged the market. Freakin' government adding too many middlemen.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sun Dec 05, 2010 7:45 pm
by jasmatk
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sun Dec 05, 2010 8:38 pm
by Corsair
With the way silver is moving up already tonight, maybe that premium isn't too bad at all:
Gold $1,412.30 $1,413.30 $7.10
Silver $29.63 $29.68 $0.41
Platinum $1,724.70 $1,734.70 $5.20
Palladium $765.80 $770.80 $0.70
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sun Dec 05, 2010 8:52 pm
by Rodebaugh
yeah I seen that same article......just made me more angery!
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sun Dec 05, 2010 9:16 pm
by aloneibreak
lots of people seem to be pi$$ed at APMEX for this
david mccarty was a member on the old forum
not sure if hes signed up yet on this one
price seems really steep to me but if people are willing to pay...
Re: New 5 ounce coin from bill H.R.6184
Posted:
Sun Dec 05, 2010 10:00 pm
by jasmatk
[quote="aloneibreak"price seems really steep to me but if people are willing to pay...[/quote]
and people are look at the sales they are selling out and look at the price it is real steep.the gov gives these to a select group of sellers and then issues a statment like tht article i gave a link to they know what there doing they are creating a market by only releasing so many rounds and these f%#$^ers charging such a premium i bet next time around they release 100x as many its all about hype
eerrr thats my angry face
Re: New 5 ounce coin from bill H.R.6184
Posted:
Mon Dec 06, 2010 7:44 pm
by Neckro
Re: New 5 ounce coin from bill H.R.6184
Posted:
Mon Dec 06, 2010 9:35 pm
by Rodebaugh
Neckro wrote:http://news.coinupdate.com/america-the-beautiful-silver-bullion-coins-halted-0563/
Neckro, you just made my day. Thanks man
Re: New 5 ounce coin from bill H.R.6184
Posted:
Tue Dec 07, 2010 1:38 am
by oober
Haha, this is awesome.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Thu Dec 09, 2010 4:46 pm
by AGCoinHunter
Wonder how many have been produced? Could be a rare mintage. From my understanding on the bill is they have to produce these by year end and they are done.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Thu Dec 09, 2010 5:22 pm
by Rodebaugh
Re: New 5 ounce coin from bill H.R.6184
Posted:
Thu Dec 09, 2010 5:23 pm
by Neckro
Who is selling them though? I only knew of Apmex.
Re: New 5 ounce coin from bill H.R.6184
Posted:
Thu Dec 09, 2010 5:36 pm
by Rodebaugh
Neckro wrote:Who is selling them though? I only knew of Apmex.
Yeah exactly.....needs to be a contact list.