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Replies: 4,802 / Views: 395,331 |
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Pillar of the Community
United States
1280 Posts |
In summary, there was a lot of hoopla regarding the program when it began in late 2010. The mint released all of the 2010 bullion pucks in December of that year. Most dealers sold them as sets, and they were in very high demand. They ended up selling on the secondary market for thousands of dollars. The unc pucks were released one at a time in 2011. They were priced considerably above spot. As the price of silver rose to its peak in Apr 2011, the mint stupidly thought that there would still be a high demand for the bullion pucks, despite the high price and relative lack of popularity of the parks. So they minted 4 times as many bullion pucks at the beginning of 2011 as they did for the 2010 issues.
It seems it was around this time that a lot of collectors abandoned the series. The bullion pucks were too expensive b/c of the price of silver. The unc pucks were still priced at a good premium above those. The 2010 pucks were falling in value. 2012 saw the lowest mintages of the pucks. People thought the program would be discontinued (title of thread).
However, the silver price continued to tank. The pucks for the first time became affordable, which is why I began collecting them last year. A lot of the discussion on the tread during that time has been speculation about what mintage numbers will be on current issues. This is because the values of those rare 2012 issues have skyrocketed.
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Valued Member
United States
355 Posts |
Thanks for taking the time to explain it machine!
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Valued Member
United States
214 Posts |
Good history for those who just started collecting recently - which also explains why those from a few years ago are higher than others
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Pillar of the Community
United States
5927 Posts |
My Shenandoah ATB just arrived in the mail: 
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Pillar of the Community
United States
899 Posts |
Man...barry you seem to be on a roll. That is a very clean coin! I wish my purchase of the bullion coins ended up being that nice - they seldom are!
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Pillar of the Community
United States
1280 Posts |
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Pillar of the Community
 United States
1255 Posts |
@Barry - man you take some fantastic pictures of the pucks! Thanks for posting.
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Bedrock of the Community
 United States
12887 Posts |
@barryg - that's a great shot. I hope the vapor-blasted ones look just as good.
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Valued Member
United States
109 Posts |
That really does look beautiful.
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Pillar of the Community
 United States
1255 Posts |
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Bedrock of the Community
 United States
12887 Posts |
That's a good summary article. With GSM not selling out yet, I wonder if 30k for Shenendoah makes sense.
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Pillar of the Community
 United States
1255 Posts |
It makes no sense to me. I think they made that decision too soon. I'm sure they thought the GSM puck would have sold out by now. I wouldn't be surprised if they drop it back to 25K after they can not realize a sell out on the Shenendoah.
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Valued Member
United States
317 Posts |
We'll find out what the mintage numbers were on the second puck soon enough but unless a lot of people dropped their subscription, the 2nd puck will be nearly sold out if they didn't raise the mintage numbers. Raising the mintage number allows more subscriptions and people that do not subscribe to get the pucks if they missed out. There is plenty of time left in the year to sell the extra 5k pucks and every "P" puck will be sold out by year's end.
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Pillar of the Community
United States
1817 Posts |
Hey all-- According to the just released .xls spreadsheet on the Mint's website: 2014 ATB SILVER UNC 5 OZ â€" SM MTN â€" 24,043 5/12/2014 2014 ATB SILVER UNC 5 OZ â€" SM MTN - 25,421 5/18/2014 2014 ATB SILVER UNC 5 OZ â€" SHDOAH 20,120 5/18/2014 Didn't look like too many subscriptions were canceled on Shenandoah... I wouldn't say that # is true for GSM, it's been backordered for weeks and they are still accepting orders over the mintage limit, some of those recent orders are bound to be canceled 4-5 months down the road. @barryg: Got my pair of Shenandoah bullion from APMEX also on Friday, it came in a heavy duty box that was seemingly epoxied shut. Inside was a heavy duty bankers box (the kind that can be slid into SDBs) with layers of foam separating the two coins. What the heck? Usually they just come stuffed into a padded envelope inside of another... Since I qualify for their "silver" membership after having bought dozens of bullion pucks from them in the last three years, I get an upgrade in service. Just from the way the packing looked and felt, you'd expect at least 5 oz. of .9999 Buffalo $50's in there. I suppose it's also a not so subtle hint to start buying gold from them. LOL
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Pillar of the Community
United States
4901 Posts |
Quote:According to the just released .xls spreadsheet on the Mint's website: 2014 ATB SILVER UNC 5 OZ -- SM MTN -- 24,043 5/12/2014 2014 ATB SILVER UNC 5 OZ -- SM MTN - 25,421 5/18/2014 2014 ATB SILVER UNC 5 OZ -- SHDOAH 20,120 5/18/2014 So the Smokey's are sold out
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Replies: 4,802 / Views: 395,331 |