Pricing Announced on Unc. ATB coins from Mint.

[jtlee321]

Mint News Blog has posted the pricing announced by the US Mint regarding the 2010 ATB Hot Springs 5 ounce coin going on sale on the 28th at 12:00 Noon ET.

http://mintnewsblog.blogspot.com/2011/04/pricing-for-numismatic-hot-springs-5-oz.html

The US Mint has provided pricing information on the upcoming Hot Springs 5 Ounce Silver Uncirculated Coin. This is the first of the numismatic or collector versions of the America the Beautiful Silver Bullion Coins.

The price is set at $279.95. The Mint cautions that as with all products containing precious metals, the price is subject to potential change.

Based on a silver price of $40 per ounce, this represents a premium of 40% above metal value. As expected, this is higher than the maximum 10% premium that the US Mint imposed on their authorized purchasers for sale of the bullion versions.

It's interesting to note that the price set by the US Mint is right around the secondary market prices currently being paid for the bullion versions. Recently completed auctions show basic 5 coin sets selling for around $1,400 each, which works out to $280 per coin. (Higher prices are paid for coins which have received high grades or special designations from the grading companies.)

The 2010 numismatic issues will have mintages of 27,000 per design, include the "P" mint mark, and have an uncirculated finish created through a vapor blasting technique. The Hot Springs design is scheduled to go on sale April 28, 2011. The remaining designs will presumably go on sale separately, at later dates.

[ScottyTX]

Hummm, 27,000 each. These will be sold out almost immediately I imagine. I wonder what the mark up will be after they sell out 350-400 each?? Who knows what these funny people will pay for uncirculated silver discs? Get em quick and flip em quick, use the profits to buy more affordable silver if you want my opinion....

[Rodebaugh]

Show of hands. Whos buying and how many?

[Copper Member]

1 for me

[AGCoinHunter]

I am in for one if I can get it. You know the phone lines and web site will be crawling.

[shinnosuke]

Will the Mint confirm if we have made previous purchases through their APs? If not, I would like to buy a set (one at a time) from them.

[Treetop]

none for me....

[wayne1956]

None for me either. When you boil it down, it is still just 5 ounces of silver, too much mark up for me.

[Dvorak]

None for me either. When you boil it down, it is still just 5 ounces of silver, too much mark up for me.

I thought the same thing about the markup on 2010 Silver Proof Eagles at $45.95 when I ordered them.

[jtlee321]

I'm going to order 10,000 and flip them on eBay and HSN! Lol

[fb101]

I'm in for whatever. Good flip it will be.

[Rodebaugh]

None for me either. When you boil it down, it is still just 5 ounces of silver, too much mark up for me.

I thought the same thing about the markup on 2010 Silver Proof Eagles at $45.95 when I ordered them.

Yep....and I still ordered all that they would let me. Good move on my part I might add.

[mr18]

nope, none for me....