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 Replies: 19 / Views: 3,101 |
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Bedrock of the Community
  United States
12867 Posts |
@Johndean66: Yeah I was thinking of holding off but I figure the longer I wait, the more likely it is for another release to come out and then I'm looking at $460 (at least) to catch up. :)
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Valued Member
United States
297 Posts |
I plan on buying it eventually. I just got the 2010 set so my funds are tapped out for the time being.
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Pillar of the Community
United States
2168 Posts |
The bad thing about waiting is that the price may go back up. I know it takes a while for price changes from the mint for silver but you never know with silver spot. I actually didn't buy any until the price was 229. I just thought they were way too costly at 279
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Pillar of the Community
United States
1817 Posts |
Personally, there isn't any hurry for a quick sellout or a price adjustment either way. PMs are being shorted out this month for a variety of reasons, NP5 is almost sold out of its 27,000 allocation after being on sale for more than four months, while NP6 passed the 15K mark, with NP7 further back at 12K. Will take them the better part of 2012 to sell out or when silver goes on a tear again. Gonna wait until NP9 comes out, and at some point all five 2011 uncirculated releases will be available to be ordered all at once, perhaps by mid-February.
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Pillar of the Community
United States
3540 Posts |
I have heard that the mint cannot sell coinage after the year the coin was minted in has passed. If this is true, this might make some small numbers at the end of the year.
Anybody else ever research this?
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Pillar of the Community
United States
2168 Posts |
Well the mint is still selling all the 2010 proofs on their website. They are available until the end of Dec. the 2010 5 oz I believe all went for sale this year
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Valued Member
United States
297 Posts |
Hopefully I can pick up the 5 2011 coins at one time next year for a decent price. Sales are really dropping off for these coins so I do wonder if they might have a little investment value for the future. The ATB is a very beautiful series, and the 5 oz coins show off the revereses very nicely. |
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Pillar of the Community
United States
1255 Posts |
I bought 2 to go with my collection. Going to keep buying them if they keep minting them.
Acloco - I think the mint can continue to sell coins the following years, but they can not mint any new coins for the previous year. I think that is how it goes. So if they already have coins minted in 2011 they can continue to sell those coins. But they can't mint 2011 coins in 2012 if you know what I mean. Anybody feel free to correct me if I am wrong, but that is what I was told.
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Bedrock of the Community
United States
17884 Posts |
Teach has it correct. The law requires that coin must bear on them the date of the year in which they are struck, so you couldn't strike 2011's in 2012 unless they have the 2012 date on them as well. There is no general law that says the mint can't sell coin in later years than indicated on the coin. In some cases the legislation that creates a commemorative coin WILL specify an ending date for coin sales. Sometimes this will be Dec 31st of the year on the coin, and in some cases it may be Dec 31st of the following year. It all depends on the legislation.
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Pillar of the Community
United States
2168 Posts |
I believe I read sell it not strike it. The are selling 2010 still not striking. And most 2010 maybe all of the 2010 5 oz were sold this year not 2010 as well
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Bedrock of the Community
United States
12867 Posts |
 Welcome to the forum, Teach! One wonders if the mint will continue to strike the 5-oz UNC ATB pucks or whether the program will be canceled. Would kind of suck to have a half-finished set when each piece is so (relatively) expensive. As far as future value goes... I just did a quick ebay search on completed listings and there are some of the 2010 releases going for $350+. That of course could be attributed to the lower mintage of the 2010's. |
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Pillar of the Community
United States
3540 Posts |
I have 7 in hand and waiting on NP8 to ship. NP2-7 are still in original boxes. Note to sell - need to mark the unopened boxes.
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Pillar of the Community
United States
2168 Posts |
I hear that some of you don't open the box. Do you mean the cardboard outer box?
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Pillar of the Community
United States
1817 Posts |
The only reason to keep the coins sealed in the outer box is to someday send them in to a TPG for a maximum 70, if for no other reason. If you saw the video that was posted elsewhere of the minting process of these giants, they are minted reverse side up then slides face down into a tray on a conveyer belt. Most bullion coins show minor obverse slide marks, the uncirculated coins rarely do because the vapor blasting process removes the minting imperfections, but not all. My first Grand Canyon 5oz uncirculated had a long diagonal scratch on the neck, so checking the sent coin is always a must because the quality control in the room with the Graebener press is hit or miss. |
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Pillar of the Community
United States
2168 Posts |
Yes that's why I am confused as to why the outer box would remain unopened. What if its not even the correct item?
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Replies: 19 / Views: 3,101 |
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Posted 12/01/2011 07:47 am
