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 Replies: 7 / Views: 1,665 |
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Pillar of the Community
United Arab Emirates
557 Posts |
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Bedrock of the Community
13014 Posts |
I actually dont really believe that story. The Mint has been scaling back the mintage figure for the 5 ounce ATB coins for quite some time and long before the price movements in silver. They give the impression they would rather not have to make them if you go to the modern forum and go through the 5 ounce ATB thread the mintages have been being discussed for quite a long time. To me it seems any change in ordering policy (if there even was one) is more of a result of the lower mintages that have been happening. While they may not have enough blanks to meet "demand" I wouldnt be surprised one bit if they saw this as an excuse to scale back the mintage some more judging from what theyve been doing with it for well over a year. The 2011 pucks were the last ones that saw huge bullion numbers and I dont think those even made it through the year without a significant scale back in the mintage before the end of the year |
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Pillar of the Community
United States
561 Posts |
 The article is only related to the bullion coins. The Mint's decision to limit sales of bullion coins to dealers could be just as easily explained by an expected increase in collector demand for the P version and just allocating a limited resource to those. At the lower price of $179.99 I can see these going very fast. Either way, I am not buying much of anything this author is trying to sell. |
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Valued Member
United States
410 Posts |
It makes sense for the Mint to cut back on the 5oz ATB coins since according to the latest annual report they lose money making them. It also makes sense to sell the limited number you make directly to customers instead of at a discount to dealers. |
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Pillar of the Community
 United States
2448 Posts |
They should have adoptd that policy at the start of the program. Completely turned me off. |
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Pillar of the Community
United States
3789 Posts |
What worries me is this-
My guts churn when I hear and read stories of the public rushing in to buy silver and gold as the prices crash. Averaging down is not good on each dip. Buying an asset when it has had a good run and is now broken also is not good policy, and putting all your money into it is not good either.
Gold and silver have their place. But to think that its going back to where it was is a bad investment, it would be wiser to get back in the PM market when it shows signs for being stable and ready to move higher.
Bottom line- I dont want anyone losing their hard earned cash because they rushed into PMs thinking that because they had down gone down in price that they were a great buy and hold,, especially when they aren't done going down.
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Pillar of the Community
United States
561 Posts |
I don't think anyone that is buying the 5oz. ATB P's is doing it as a pure bullion play or they would save the money and buy the bullion version. If you don't buy the P version directly from the mint you will almost certainly be buying them at a higher price in the future if you want them no matter what the price of silver does. |
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Pillar of the Community
United States
3789 Posts |
Well I guess I was saying in regards to rushing out and buying any sort of bullion that has no numismatic or semi-numismatic value as the prices drop hard.
As I have been saying for a long time, until the funds show up, the public should stay away and not buy every single dip going forward.
HOWEVER, I do feel, as prices drop, these BU 5 Oz coins, the proof gold and silver eagles, the West Point set, those one should be still buying no matter what. They will hold their value in the face of dropping PM prices.
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Replies: 7 / Views: 1,665 |
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Posted 05/10/2013 07:48 am
