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 Replies: 61 / Views: 9,684 |
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Valued Member
United States
323 Posts |
I would love to buy one of these things! it would be my second silver coin
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Pillar of the Community
United States
2764 Posts |
It would be very interesting to see how the series unfold. Just recall the Morgan dollar back in the old day and what they called those coin..... now at 5oz it's at least 3x as big (assuming will be thicker). If they are sell as bullion then would love to find way to buy by rolls for cheap just to "roll search" them..... imagine you find a die crack in that thing (Morgan VAM collector?) any kind of errors will be "hugmongust". It would also be interesting to get MS70/PF70 out of those coins. All of these ideas in my head are very interesting but I guess the money is not! |
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Pillar of the Community
 United States
2448 Posts |
I'll wait until silver is $5 an ounce again. May be a few years, but it'll be there. Unless...........I really, really, really like them and have to have one.
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Pillar of the Community
United States
5619 Posts |
I feel the Mint has much to much products to choose from for any given year, although 2009 was a crazy, action packed " what do I buy next, to keep up on my annual list of must haves.
I did not plan to collect these either, and judging by most, many will not be buying these either, but think about this, if most do not buy these and the series does NOT last, there will be some special coins out there that no one ordered?
I will try to obtain at least the 1st one, being it is the 1st of this special, huge coin!!
I also agree, the Mint can not keep a coin minted that began back in 1986, because they admit they did not have enough planchets and then they come up with this, I believe we need to get rid of Mr Moy and place a collector friendly Director in his place....This is all just my opinion
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Pillar of the Community
United States
4541 Posts |
i must have been under a rock b/c this is the first I have heard of this. I like the idea though
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Pillar of the Community
 United States
1406 Posts |
I wonder if the Eagle situation was influenced by this new issue of 5 oz coins. They may have stated that silver was not available but I am starting to think they decided to stop the Eagle to stockpile silver supplies for this new issue.
The bullion collectors will like this series in my opinion. They were buying rolls and rolls of the eagles as investments and now they will be able to buy fewer coins with (i hope) less of a premium per 5 oz. The problem is when it gets down to the single coin market for numismatists I feel that some of the issues will get very costly. If you are not getting in on the ground floor (green monster boxes) then a popular issue could demand high prices. I can imagine that this collection is going to be really hard to keep up with!
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Pillar of the Community
United States
6326 Posts |
Yeah......for those that this "bad economy" isn't affecting......a few may bite on these I think. But these will be at least 5 times the cost of the 1 oz coins I bet, so....I dunno....I just have a hard time seeing these as being a "hot ticket item" for ANY general collector. I do believe ebay, HSN, Littleton, etc., etc., will have HUGE markups on these.....no doubt about that. But a complete Set of these for the regular numismatists, will be few and far between. Most people will just get one or two of their favorites. The same folks who are buying every single 1st Spouse Gold coin in the cherry wood cases.....these may be the folks buying each of the 5 oz.'ers for a complete Set ! ...  Completing "this" Set with all those 5oz coins will be mighty costly by the end of the series ! |
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Bedrock of the Community
United States
17884 Posts |
Quote:
I also agree, the Mint can not keep a coin minted that began back in 1986, because they admit they did not have enough planchets and then they come up with this, I believe we need to get rid of Mr Moy and place a collector friendly Director in his place... Again, the mint and Director Moy had NOTHING to do with the authorization of this coin. CONGRESS came up with the idea for this coin, they approved it, and directed the Mint to make it. Now the Mint has to try and make it whether they want to or not. They also have to make the bullion eagles in sufficient quantity to satisfy demand, and demand has been outpacing the rate the suppliers can provide the planchets. It is NOT the mints fault or Director Moy's. |
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Pillar of the Community
United States
4541 Posts |
i think these will sell good for bullion investors
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
555 Posts |
Thanks for the link. I hope you're right about the $125. My feeling is the US mint is involved, therefore reasonable prices for a first time issue are minimal. My guess $175.
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Valued Member
United States
442 Posts |
Quote:
I believe we need to get rid of Mr Moy and place a collector friendly Director in his place....This is all just my opinion
Ya then maybe we could start to find more double dies, variety errors & better coin themes on our coinage |
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Pillar of the Community
United States
1406 Posts |
bherring, thank you so much for the link!! I am with you on a price estimate. $125 and I'm a buyer! $175 seems too high as a bullion investment as the issue is intended for.
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Valued Member
United States
103 Posts |
bullion collectors wont pay a high premium. Kills the point of bullion. I'm betting spot plus 10%
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Pillar of the Community
555 Posts |
These are not targeted for just bullion collectors, hence they will bring a higher premium.
Edited by Neil
06/27/2010 09:51 am
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Replies: 61 / Views: 9,684 |
First Page
Posted 06/23/2010 1:01 pm
