| Author |
 Replies: 17 / Views: 3,244 |
|
Pillar of the Community
United States
4867 Posts |
Do you think the US Mint will ever issue a variety of 1oz silver bullion coins along with the ASE? I have seen Canada and Australia have multiple 1oz series. *** Moved by Staff to a more appropriate forum. *** |
|
|
|
Pillar of the Community
United States
2023 Posts |
|
|
Pillar of the Community
 United States
4867 Posts |
Wow, I did not know that! Thanks for posting!! I will say it would be a nice alternative to have other 1oz silver bullion coins besides the ASE. Maybe something like the Statue of Liberty, wild life, maybe even the designs used for gold and platinum coins. |
|
Pillar of the Community
United States
2023 Posts |
No disagreement from me there. Silver is inexpensive enough that the market could probably support a greater variety of bullion designs, and the commemorative program could easily satisfy that.
|
|
Bedrock of the Community
Australia
21786 Posts |
If they can see a marketing possibility, and a chance to increase profit, you can bet that they will.
I just hope that they don't spoil it with excessive issues to commemorate numismatically insignificant events, like many of the major Mint around the World already have.
We all know of the mistakes that the Franklin Mint made in the 1970's. High quality proof silver, now melt value only.
|
|
Bedrock of the Community
 United States
12813 Posts |
That's a slippery slope. The commemorative program disappeared for a long time due to oversaturation and unscrupulous activity.
|
|
Rest in Peace
United States
17900 Posts |
No offense to my friends up north, but whatever they do I hope they don't follow Canada's gem encrusted iridescent moon glow Mickey loves Superman limited mintage special daily new coin routine.
|
|
CCF Master Historian of USA Commemoratives
 United States
12255 Posts |
Quote:
wouldn't be surprised if the commemoratives go in that direction, now that the Mint is authorized to go above 90% for silver coins.
I disagree. US commemorative coins - whether half dollar, silver dollar or gold half eagle - are struck on planchets with the same size and weight specifications as their traditional circulating counterparts. The legislation that allows for planchets of higher purity than traditional US standards did not include language that would alter the size specifications of the coins. I would look for future silver medals of the US Mint to continue to be struck on the same 40.6mm one-ounce planchets used for ASEs (as was done for the 2016 American Liberty medals), but I don't expect the Congressionally-approved commemorative silver dollars to change their 38.1mm planchet size or significantly increase their silver weight. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Rest in Peace
10197 Posts |
With this political sway, maybe the gubmint will commemorate current events and the people involved, or maybe those dying off 70's war protestors...  |
|
Pillar of the Community
United States
2023 Posts |
Quote:
US commemorative coins - whether half dollar, silver dollar or gold half eagle - are struck on planchets with the same size and weight specifications as their traditional circulating counterparts.
The legislation that allows for planchets of higher purity than traditional US standards did not include language that would alter the size specifications of the coins.
True, but since the legislation is directed at silver coins (presumably dimes, quarters and halves), wouldn't those also have to be different sizes? Or would they keep the same size they are now because they those coins are not specifically fractions of an ounce? This is the relevant part for commemoratives, from that linked article: Quote:
The new mandate does not apply to commemoratives, but legislation for recently proposed silver dollars has included the more flexible composition language. So I infer from that that there's a chance. We'll just have to see. |
|
Bedrock of the Community
United States
10034 Posts |
I sure hope not. Anything the RCM sells can be had 6 months later at a lesser price b/c there are so very many options that nothing is really special anymore. The more variety that is made, it seems the overall numismatic value of each design drops. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
|
Valued Member
United States
467 Posts |
I hope so! I don't want 3 or 4 or a dozen bullion items to come out every year and ruin it for everyone. But 1, just one, .999 silver 1 oz. bullion coin with a singular theme but annually changing design (i.e. Kookaburra) to supplement the ASE would be great! |
|
CCF Master Historian of USA Commemoratives
United States
12255 Posts |
Here is an example of the wording included in Acts that have been passed for recent commemorative silver dollars (taken from the Boys Town legislation): $1 SILVER COINS.—The Secretary shall mint and issue not more than 350,000 $1 coins in commemoration of the centennial of the founding of Father Flanagan's Boys Town, each of which shall— (1) weigh 26.73 grams; (2) have a diameter of 1.500 inches; and (3) contain 90 percent silver and 10 percent copper. Here is an example of the changed wording for commemorative silver dollars as a result of the FAST Act (from the Breast Cancer commemorative coin act): $1 SILVER COINS.—Not more than 400,000 $1 coins, which shall— (A) weigh 26.73 grams; (B) have a diameter of 1.500 inches; and (C) contain not less than 90 percent silver. You'll notice that the diameter and weight of the silver remain the same, but that the Mint now has the flexibility to use planchets of higher silver purity. There is no language suggesting or inferring a change to ASE planchets. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Bedrock of the Community
United States
12813 Posts |
Interesting they chose those words ("not less than 90 percent silver"), but I guess it leaves the option of transitioning from 90% planchets to 99.9% planchets.
I wonder if that opens the door for some varieties... a 100% and a 90% coin of the same design, perhaps. If I were doing it I'd plan the cutover mid-strike.
|
|
Bedrock of the Community
Australia
21786 Posts |
If the Mint offers a large number of low mintage 'special' issues, the 'rarity' factor affecting value in the secondary market is completely lost.  = a poor investment. I have a Franklin mint issue of which only 777 were minted. Value? Melt value only.  |
|
Moderator
United States
187702 Posts |
Quote:
I wonder if that opens the door for some varieties... a 100% and a 90% coin of the same design, perhaps. If I were doing it I'd plan the cutover mid-strike. For the love of numismatics, no.  |
| |
Replies: 17 / Views: 3,244 |
Posted 03/13/2017 1:36 pm
