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 Replies: 147 / Views: 20,311 |
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Pillar of the Community
United States
1375 Posts |
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IMHO the Mint is missing a tremendous opportunity by not including a single Innovation $1 in any of the 3 young collector sets. Okay, I can agree it is a big miss for the other two sets. Yeah, you'd think that if they included Sacagawea/Native American coin in the Rocketship set because of the space theme, then they would have included at least 1 Innovation $1 in the Explore and Discover set as innovation kind of goes with that theme AND they could have continued using them for future sets to have a "collection"  Edited by BadDog
02/08/2019 09:00 am
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Moderator
 United States
189320 Posts |
Yup.  |
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Pillar of the Community
United States
2627 Posts |
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So up another $5 for each set. IIRC, they bumped everything $5 last year too. I also saw that the price of the ATB silver proof set is up $3 from last year for no reason. Now it's $36.95...  I just hope that the American Legion dollars won't be higher like their Apollo counterparts. I can understand why the curved Apollo coins are more expensive than commemoratives last year, but I won't be too happy with a raise in normal commemorative prices. |
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Pillar of the Community
United States
4901 Posts |
Quote:I also saw that the price of the ATB silver proof set is up $3 from last year for no reason. Sets are increasing in price because the quarters are now 99.9% silver. |
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Pillar of the Community
United States
1375 Posts |
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Sets are increasing in price because the quarters are now 99.9% silver. Yeah, the sets will now have 1.02 ozt Ag instead of .9 ozt Ag (worth around $1.90 at current spot prices). ATB Ag quarters were authorized by PL 110-456 which states Quote:
SILVER COINS.—Notwithstanding subsection (b), the Secretary may mint and issue such number of quarter dollars of each design selected under paragraph (3) as the Secretary determines to be appropriate, with a content of 90 percent silver and 10 percent copper. BTW "subsection (b)" refers to 31 USC Ch. 51: COINS AND CURRENCY (b) which says Quote:
(b) The half dollar, quarter dollar, and dime coins are clad coins with 3 layers of metal. The 2 identical outer layers are an alloy of 75 percent copper and 25 percent nickel. But, Congress changed this in 2015 with PL 114-94Quote:
(B) in subsection (t)(6)(B), by striking ''90 percent silver and 10 percent copper'' and inserting ''not less than 90 percent silver'' Edited by BadDog
02/12/2019 09:24 am
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Pillar of the Community
United States
1913 Posts |
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Sets are increasing in price because the quarters are now 99.9% silver. I understand that 99.9% silver is worth more than 90.0% silver, but it doesn't make any sense to go with the 99.9% silver if it's going to cost more. The idea behind the 99.9% silver option is that the blanks will actually cost less because there is more availability of 99.9% silver than 90.0% silver. |
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Pillar of the Community
United States
4901 Posts |
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Pillar of the Community
United States
1375 Posts |
Since Ag ATB Quarters were brought up, PL 110-456 states Quote:
(7) PERIOD OF ISSUANCE.—
(A) IN GENERAL.—Subject to paragraph (2), the program established under this subsection shall continue in effect until a national site in each State has been honored.
(B) SECOND ROUND AT DISCRETION OF SECRETARY.—
(i) DETERMINATION.—The Secretary may make a determination before the end of the 9-year period beginning when the first quarter dollar is issued under this subsection to continue the period of issuance until a second national site in each State, the District of Columbia, and each territory referred to in this subsection has been honored with a design on a quarter dollar.
(ii) NOTICE AND REPORT.—Within 30 days after making a determination under clause (i), the Secretary shall submit a written report on such determination to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate. Has anyone seen any news about round 2? Since the first ATB Quarter (Arkansas) was released on 4/19/2010, it looks to me like a decision on whether or not to have a round 2 has to be made in the next 30 days or so in order to meet the congressional notification requirement. |
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Moderator
United States
189320 Posts |
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Has anyone seen any news about round 2?  Quote:
it looks to me like a decision on whether or not to have a round 2 has to be made in the next 30 days or so in order to meet the congressional notification requirement.  |
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Pillar of the Community
United States
2627 Posts |
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Sets are increasing in price because the quarters are now 99.9% silver. Interesting, I was unaware of the change. Thank you Fox for pointing that out! While I now understand the price increase, I don't particularly like that the composition is changing with only (basically) two years left in the program. It's like starting the S-mint quarters in 2012, or the one-year only satin finish coins of 2010. |
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Pillar of the Community
United States
1375 Posts |
Quote:
...the one-year only satin finish coins of 2010. Satin finish Mint Sets were 2005 -2010. So, there are 6 years of satin quarters, not just 2010. I kind of agree about the composition change on the ATB Ag quarters though. Why change with only 11 quarters left? Kind of makes the set mismatched |
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Bedrock of the Community
 United States
12845 Posts |
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Why change with only 11 quarters left? This was almost certainly a financial decision and I doubt little concern was given to keeping the 56-coin set consistent compositionally. |
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Pillar of the Community
United States
1375 Posts |
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This was almost certainly a financial decision and I doubt little concern was given to keeping the 56-coin set consistent compositionally. I'm sure it was, but why? The Mint produces and sells these on a cost basis. They're not supposed to be a for profit entity, so I don't see a huge incentive to try and reduce costs at this point in the ATB program. |
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Bedrock of the Community
13014 Posts |
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I'm sure it was, but why? Pure silver planchets are easier to get and they probably think being pure silver will increase sales |
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Pillar of the Community
United States
1375 Posts |
Quote:
Pure silver planchets are easier to get... Well maybe. All of those Ag rolls used to punch out ASEs blanks has to be a driving factor. It's probably why they changed the composition of the commemorative Ag $1 to .999 as well. At the same time, the Mint still has to have 90/10 planchets for the Roosevelt dimes and Kennedy half dollars in the Ag proof and LES sets. So, it's not like the 90/10 composition is no longer being produced. That is unless they're changing the composition of those also? 31 U.S.C. 5132 (a)(2)(B)(I) does now say those coins are to be not less than 90% Ag. Did I miss an announcement changing the Ag dime and half dollar composition? IMHO the Mint was quite subdued in the way they announced the composition changes for the commemorative dollars and ATB Quarters. Did they even announce the changes? It seemed to me like the only announcement was the change in specifications on the web pages for the coins. They could easily make the same "announcement" for the dime and half dollar. Quote:
...they probably think being pure silver will increase sales We'll have to wait and see about this one. If the Mint continues to sell the sets well into the next calendar year as is typical, then we probably won't know until sometime in late 2020. I have my doubts though. IMHO the folks who buy these coins won't really care about getting .12 ozt more Ag and the increase is probably not enough to incentivize someone new to jump in and buy the set. |
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Posted 02/08/2019 10:09 am
