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Replies: 4,802 / Views: 395,535 |
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Pillar of the Community
United States
2764 Posts |
I probably have to sell some other coins to raise some funds...... I haven't got any of the 2014 bullion yet..... :(
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Pillar of the Community
United States
4901 Posts |
Quote: I haven't got any of the 2014 bullion yet..... :( Good move...after this week's drop in spot you can now get them cheaper 
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Pillar of the Community
 United States
1255 Posts |
With the price of silver taking a dive should I consider waiting to see if the mint lowers the price on the new P puck on 11/6? How low does silver have to go before they lower the price on these coins? Thanks for any input.
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Pillar of the Community
United States
1817 Posts |
Probably under $15/oz and holding before the Mint will reprice the ATBs appropriately. Could happen and would be nice to pick them up at $129.95 or even lower. Bullion is running at under $98 each today.
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Pillar of the Community
United States
4901 Posts |
I would think they would have to drop the price if they want to sell any quantity of the P's...poor sequence on their part to increase the mintage to 30k AND get rid of the 10% sub discount.... Didn't (and won't) do much for sales Even with the 10% off they would STILL be overpriced...and, yes, I know they are not bullion coins 
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Pillar of the Community
United States
1205 Posts |
With my costs higher, and, my recent submissions to PCGS not so hot, I have decided to stop buying pucks from the Mint. My plan was to buy 5 or 10, send them in for grading, and, keep the SP70 for my personal set run, and, sell the SP69's off to make up costs. This isn't working, with silver so low, and, I have lost a small amount with my test run. To complete my set, from here till 2021, it will be easier, and cheaper to just buy 1 SP70 of each coin. The HARD part will be to find a NON MERCANTI label. I'm going to write another thread in another forum about these. In a nutshell, it's a big mess, and, I'm sticking with plain First Strike coins ONLY, to stay away from problems(90% of Mercanti insets on ebay DO NOT show in cert as such, and, are grouped anyway, into the First Strike coin number, lowering values...whether a goof, or, something more sinister, I don't know yet...either way, it's NOT pretty)..Caveat Emptor, when dealing with these.
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Pillar of the Community
United States
2764 Posts |
The hanging question is how low will silver drop or when will the trend reverse? So that I know how much of a window I am having. I did a quick check last night of the big online dealers and some of the popular coins of 2014 are unavailable (ie: Libertad & Panda), there goes combine purchase.... :(
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Pillar of the Community
United States
1817 Posts |
Usually when silver at its lowest point for the year, many of the most popular government bullion is either held back for a rise in price or allowed sell out without buying new inventory as you've noticed. A good alternative is limited run private bullion such as the Zombucks or 12 Labors of Hercules both offered by Provident. Both series are decently well designed, though the Zombucks aren't really to my taste. (The Feast dollar is pretty awesome though.) Some of the sold out designs have healthy secondary market premiums. Oh yeah they have a detailed Prospector bullion coin that looks pretty sharp too. Something to think about when ordering with your Everglades puck..
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Pillar of the Community
 United States
1255 Posts |
So are you going to purchase a new P puck on 11/6 or wait and see if the price drops first?
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Pillar of the Community
United States
1205 Posts |
I don't know where Silver(or Gold) will go...all I do is subscribe to this newsletter, as it does have facts, mixed with opinions. I thought bottom was hit. Boy, was I wrong...AGAIN. subscribers@caseyresearch.com
Edited by ilikeikes 11/01/2014 11:31 am
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Pillar of the Community
United States
2764 Posts |
I'll delay on the P and will get the bullion first, since I would assume the Everglade will be available for at least until the end of the year....
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Pillar of the Community
United States
4901 Posts |
I really doubt that they will sell 30k of ANY of the P pucks....They will probably reduce the mintage for future issues to 25k and even that is a stretch...
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Pillar of the Community
 United States
1255 Posts |
I don't think the new P pucks are going to be flying off the shelf this week. I would assume a lot of people will be waiting to see if there will be a price drop on the product. I would venture to say the number sold first week will be very low compared to the past pucks including those sold without the subscription.
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Pillar of the Community
United States
2764 Posts |
Silver spot price is dripping lower and it's only 3.5 weeks until Black Friday, we can't expect a robust sell number.
Make sure to keep an eyes out for some of those end of the year or lingering product that may be terminated suddenly by the Mint in the next two months.
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Pillar of the Community
United States
2168 Posts |
I know. Won't be buying anything costing so much over spot. And I like the Everglades coin.
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Replies: 4,802 / Views: 395,535 |