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 Replies: 21 / Views: 3,205 |
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New Member
United States
29 Posts |
Poll Question
As you know, The design of Native American dollar coin was changed yearly, which made it more attractive and nice looking. Do you think US Mint should do the same thing to the eagle coin?
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Pillar of the Community
United States
1027 Posts |
We already have the ATB coins changing five times a year. Perhaps the mint could add a 2oz version of those coins to improve sales but doing anything other than the already used finish styles to the American Eagles, especially the silver ones is totally unnecessary. We already have three mints (P, S, W) producing four different ASEs (bullion, uncirculated, cameo proof, reverse proof). I can envision a few more finishes like a fully brilliant proof and a fully satin proof, but enough already with the design changes. |
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Pillar of the Community
United States
7187 Posts |
Over the past two years there have been five separate coins issued for this series, exploitation of the collector in my opinion. I feel the design should remain the same unless they do an entire coin revision. I would entertain a 1/4 and 1/2 ounce silver piece with a different design say a mercury and Standing Liberty quarter revision. |
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Bedrock of the Community
13014 Posts |
Personally I like the obverse of it, but wouldnt mind seeing some new reverses
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Bedrock of the Community
 United States
12815 Posts |
If you're talking about the Silver Eagle, I think it should stay like it is. Probably my favorite coin design.
The Platinum Eagle already changes for sure, not sure about the Gold Eagle.
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Moderator
 United States
187702 Posts |
I have no dog in this fight, so no idea.  |
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Pillar of the Community
United States
1027 Posts |
While I like the idea of smaller coins (1/2 & 1/4 ounce), we would have to truly forget that we are buying a precious metal and just go with the notion of a collector piece. The nearly $2 overhead that it currently costs to deliver bullion silver coins to market does not shrink much at all with coin size so even a 1/4 ounce ($8) coin would have to sell for $10 in bulk to APs. Numismatic versions, the proof coins (the uncirculated coin is almost a proof, one more strike would make it so), would have to cost two to four times spot at current values. I would love to see a 1/4 ounce Mercury dime and a 1/2 ounce Indian half Eagle (incuse devices) and I would pay whatever they asked for them. |
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Bedrock of the Community
13014 Posts |
I like the 1/2 ounce idea as well. I would suggest if they do it to only have it be bullion ones. I guess it is the Platinum ones that make me wish for some special ASE reverse designs at least. I love the platinum ones but not the price |
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Pillar of the Community
United States
1027 Posts |
I don't think that bullion silver fractionals would fly for the same reason that the ATB 5oz coins have flopped. The lobbyists who pushed for the 5oz coins were hoping that the per ounce overhead would be significantly lower than it is for the one ounce ASEs. It just did not turn out that way so there is no incentive for PM investors to buy the larger coins. Fractional coins would have much higher per ounce premiums so they would most likely flop as PM investment items. |
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Bedrock of the Community
13014 Posts |
The premium on the 5oz is insane at the moment for the P version unless they will never sell them lower than that no matter what.
Investors may not like the 1/2 oz but I could see casual collectors or SHTF stackers liking the half ounce for the cheaper overall price and more versatility if that was all thats left. I agree though those that just buy to invest would have no interest.
Im probably bias though just because id like to have the platinum designs offered in a more affordable manner
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Pillar of the Community
United States
1027 Posts |
The ATB premium I was referring to is the markup the mint charges to APs on the bullion version. On the Eagle, they charge $2 over spot and I think that the AtBs are at $9.50 or $9.75, not enough cheaper per ounce to pass any real savings along to investors. The mint would probably have to charge at least $1.50 (possibly the full $2) on coins smaller than one ounce because the economies don't scale down with coin size. It was initially thought that a 5oz coin would only cost $4 or $5 to mint, but at least in part because of the three inch requirement, it did not happen that way. |
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Pillar of the Community
United States
2448 Posts |
We have an affinity for Dead Presidents and Classic coins. I would like to see a new design but so far both design committees have let us down. I liked the eagle commemorative when it came out, so something along the classic Eagle designs, would be nice. Just my opinion, but the mint should have used the ATB designs for the Silver Eagle. Wouldn't have been a huge Boru-ha-ha over those silver hubcaps they now offer. |
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Valued Member
United States
223 Posts |
To me the ASE is a classic and should remain that way.. 1 vote for no change... |
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Pillar of the Community
Russian Federation
5172 Posts |
I think the poll is missing an option for "they shouldn't have changed the Sacagawea design either"  (Seriously. I liked the original eagle version more. I feel the new changing designs are ugly, even besides the fact that they're changing - which, now that I think of it, I'm not even sure if it's a good or a bad thing in itself. I think I mangled the English somewhere in the previous sentence, by the way.) |
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Bedrock of the Community
13014 Posts |
Quote:The ATB premium I was referring to is the markup the mint charges to APs on the bullion version For sure. I think your right that could definitely be part of it. But the pucks have been so badly handled by the mint in really every way possible that I think with that particular series theres a lot more going into it than just the premium. They seem to love to have both versions come out after a glut of sliver products when budgets are already stretched thin and once you miss your or two in a series its a lot easier to not get them them try and play catch up |
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Pillar of the Community
United States
927 Posts |
If there was a yearly design change for the ASE's then it really would not affect all of the versions that the mint produces in any given year. The design change could be just the reverse or both obverse and reverse. I would like it either way. I think the design changes on the Panda coins every year are really great. Keeping a theme with a different design. I wish the U.S. Mint would do something like that. I for one, also really like the yearly design changes on the Sac dollars. I just wish they would have kept the date and mint mark on the obverse like it use to be. But at least I can tell what year it is by the reverse. |
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Replies: 21 / Views: 3,205 |
Posted 08/28/2012 11:58 am
