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 Replies: 13 / Views: 1,546 |
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Pillar of the Community
United States
1205 Posts |
I see the Mint still has the 2011 America the Beautiful Five Ounce Silver Uncirculated Coin™ -- Glacier National Park, Montana (NP7) for sale, limited to 35,000 "Coins"..I missed the boat when these began, but, profits from selling my 4-sealed Eagle sets can be used as investment $ for this...purely based on hoping silver rises, not for my collection...a good buy, or not? Opinions welcomed... PS--I overheard at my coin club meeting there are different versions of these 5-ounce coins..what exactly are those differences...apparantly, some are more valuable than others, perhaps from different Mints? Thanks Calvin  |
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Valued Member
United States
410 Posts |
Purely based on hoping silver rises? I would say it is a horrible buy. At $230 you are paying $46 per oz or a roughly 30% premium.
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Valued Member
United States
306 Posts |
Strictly from a melt value perspective these leave a bad taste in alot of the bullion collector's mouths. But I think that with the economy being down coupled to the high price over melt that the collector's editions of the 5 ozers have amazing future potential. Lots of people who might be interested in these may simply be unable to afford them. Even if there never is a surge in the popularity of the series you should be able to recoup your money eventually when silver gets over $50 an oz. Which will happen again---eventually!
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Pillar of the Community
United States
667 Posts |
Collector value - probably something nice to have at any price.
Bullion value - it your in it for the silver then there is way to much premium regardless of where silver heads to. Just better buys out there.
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Pillar of the Community
United States
1151 Posts |
Your best bet if you want it for bullion, but it from someone outside of the mint. Bullion 5 oz. ATB coins go for around $175-$185 |
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Pillar of the Community
United States
2168 Posts |
I was not really interested in these coins until the price came down to the current 229. While there is still quite a premium over spot I felt more worth it. I have visited all but 1 of these National Parks and National battlefields and decided to pick up the 3 currently on the mints site. I also decided to buy 1 each for my kids for a Christmas gift. We have both the silver interest as well as the NP interest. If silver goes up an added value. Also, you can still pick up the first 4 at a shop or online if you want to try to start from the beginning
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Valued Member
United States
410 Posts |
Quote: ATB coins go for around $175-$185 Which is about melt. So ilikeikes can buy the Glacier ATB 5oz this year and pay a $50 premium, or buy it next year on ebay for melt. I've noticed the same thing with silver proof set and silver quarter sets. The current year sets sell at the mint for a premium but you can buy 2000 -- 2010 sets on ebay for melt. I doesn't seem like US Mint premium carries over to resale. |
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Pillar of the Community
United States
3540 Posts |
Don't forget, there is a bullion version and a numismatic version of ATB 5 ounce pucks. |
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Pillar of the Community
United States
2168 Posts |
Just wondering the cost of the Bullion version? Can't seem to find those available
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Pillar of the Community
United States
3540 Posts |
Check any of your favorite precious metal traffickers.
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Rest in Peace
United States
9104 Posts |
If you have to ask, the answer is no.
There are cheaper ways to buy bullion.
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Pillar of the Community
Canada
1502 Posts |
i'd wait until the novelty dies down and grab it on the secondary market for close/closer to spot.
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Pillar of the Community
 United States
1205 Posts |
Thanks to all...very good thoughts...
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Pillar of the Community
United States
1817 Posts |
If you are grabbing them for bullion, the answer is no. With silver @ $31. spot, there is $155 worth of the metal, or a $75 premium on the collector coin. The bullion versions have a $19-$20 premium per coin, making them about $174-$175 now. If you are looking at these as investment vehicles, there are other bonafide bullion products that have a much lower premium per ounce, other than US mint bullion. The numismatic products are never a good buy at the current levels unless the spot prices goes on a tear.
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Replies: 13 / Views: 1,546 |
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Posted 11/16/2011 4:48 pm
