New 5 ounce coin from bill H.R.6184

[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

[twentybux]

Any idea how many they are planning on getting out?

[Rodebaugh]

yeah I am buying as many as I can.....I don't care if the premium ends up being $150 above spot.

[Dave]

33,000 for each coin. I believe there will be 5 coins . The mint sold over 4 millon ASE just in Nov.

[jasmatk]

dont forget about the 27,000 of each they will release next year as unc they arnt calling them proof but unc versions

[Neckro]

http://www.apmex.com/Category/110/Ameri ... ogram.aspx

1400$ for 5 coins. + 25$ S&H by Check, or 66$ By CC.
55.80 an ounce.

[999Ni]

ouch...that's too high of a markup per oz. for me!

[fb101]

bummer. I was looking forward to these for numismatic value but way too much premium for me.

[twentybux]

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.

[dougefresh]

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.

[oober]

I wanted a set too, but not for that insane price. Rediculous!!!!

[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.

[Neckro]

Yeah, the retail sellers jacked up the price and gouged the market. Freakin' government adding too many middlemen.

[jasmatk]

http://news.coinupdate.com/keep-america-the-beautiful-silver-bullion-coin-prices-reasonable-0561/ gov wants reasonable prices

[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

[Rodebaugh]

http://news.coinupdate.com/keep-america-the-beautiful-silver-bullion-coin-prices-reasonable-0561/ gov wants reasonable prices

yeah I seen that same article......just made me more angery!

[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...

[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

[Neckro]

http://news.coinupdate.com/america-the- ... lted-0563/

[Rodebaugh]

http://news.coinupdate.com/america-the-beautiful-silver-bullion-coins-halted-0563/

Neckro, you just made my day. Thanks man

[oober]

Haha, this is awesome.

[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.

[Rodebaugh]

NEWS FLASH!!!!!!

http://news.coinupdate.com/us-mint-esta ... tion-0572/

These just got MUCH cheaper.

[Neckro]

Who is selling them though? I only knew of Apmex.

[Rodebaugh]

Who is selling them though? I only knew of Apmex.

Yeah exactly.....needs to be a contact list.