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Mint To Start Selling 2011 American Eagle Silver Coins At 75% Premium To Paper, As Senators Propose Eliminating Capital Gains From Precious Metal Transactions
All those who have been long awaiting the release of the 2011 American Eagle Silver coins by the US Mint can now relax. America's official source of bullion will release the much anticipated 2011 edition tomorrow at noon, with a strict limit of 100 coins per household at the low, low price of...$59.95! Gotta love that physical-paper spread... It is almost as good as the gold-tungsten compression pair trade.
2011 American Eagle Silver Proof Coins Available June 30
WASHINGTON - The United States Mint will open sales for the 2011 American Eagle Silver Proof Coin at noon Eastern Time (ET) on June 30, 2011. The coins will be priced at $59.95 each. Orders will be limited to 100 units per household.
The obverse (heads side) of the coin features a rendition of Adolph A. Weinman's Lady Liberty in full stride, with her right hand extended and branches of laurel and oak in her left. The reverse (tails side), by former United States Mint Chief Engraver John Mercanti, features a heraldic eagle with shield, an olive branch in the right talon and arrows in the left.
The American Eagle Silver Proof Coin contains .999 silver. The one-ounce coin is struck on specially burnished blanks and carries the "W" mint mark, indicating its production at the United States Mint at West Point. Each coin is encapsulated in protective plastic and placed in a blue presentation case with a Certificate of Authenticity.
Orders will be accepted at http://www.usmint.gov/catalog/ or at 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT. The American Eagle Silver Proof Coin is also available for purchase through the United States Mint's Online Subscription Program. Customers who enroll in the program can have the American Eagle Silver Proof Coin and other select products automatically billed and shipped as each product becomes available. Visit http://www.usmint.gov/catalog/ for more information about this convenient shopping method.
The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.
Note: To ensure that all members of the public have fair and equal access to United States Mint products, orders placed prior to the official on-sale date and time of June 30 2011, at noon ET shall not be deemed accepted by the United States Mint and will not be honored. For more information, please review the United States Mint's Frequently Asked Questions, Answer ID #175.
And in what is probably far more important news, GATA informs us that Utah Senator Mike Lee, has joined two other senators to introduce legislation that would eliminate capital gains from transactions involving gold and silver, "a change that he hopes will encourage a change in the nation’s monetary system." The reason: "This bill is an important step towards a stable and sound currency whose value is protected from the Fed’s printing press."
Utah Sen. Mike Lee joined with fellow Republicans on Tuesday to introduce legislation that would jettison federal capital gains taxes for gold or silver coins.
Lee’s measure would treat gold or silver coins the same as regular U.S. currency in transactions, a change that he hopes will encourage a change in the nation’s monetary system.
Utah was the first state in the nation to make gold or silver coins legal tender for transactions and removed any state capital gains taxes. Twelve other states have made or are considering such a move.
Lee noted that the U.S. dollar has lost about 98 percent of its value since the Federal Reserve was created in 1913.
"This bill is an important step towards a stable and sound currency whose value is protected from the Fed’s printing press," Lee said.
Lee co-sponsored the legislation with Sens. Jim DeMint of South Carolina and Rand Paul of Kentucky.
Good luck with that. And some words of advice to Senator Lee: stay away from rapidly moving objects and swimming pools.
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Lol, every day I spot a new low here at ZH. Tyler knows these are proofs, but used the SHOCKING headline to get page views. The title is intentionally misleading. Sad to see ZH going down this road.
Not only did he get the page views, but an entire thread filled with distortion by the band-waggoners who took up his false premise.
It's almost as if Tyler's leading his herd off of a cliff. Why? Well, who knows.
So in addition to the "Bernanke put" we get a US Mint "covered call"
Teach the US government about supply and demand???!!!
Hahahahahahahahaha!!!!
After all; they've done so well with Dollar Coins:
http://www.npr.org/2011/06/28/137394348/-1-billion-that-nobody-wants
Per APMEX:
Spot silver is $34.84.
UNC silver eagles sell for $39.88.
The premium is a little higher than it was when spot was same in March or thereabout.
I paid $3.25 premium on ASE unc from a local dealer during that time frame - cash, no receipts.
keep it local.
it's actually an indication of what the value will be. Anytime "the mint" make one fo these stupid coins, it takes around four to eight months for the market to reach the price point on the PM itself...
Looks like civil war is happening in Greece...media is calling it a demonstration.
The Greek Fascists created too many welfare class citizens in their successful effort to take over the country. Now there are too many to murder and are about to be murdered themselves.
I wouldn't call it murder, I would call it revenge, and justice.
and while i'd call them a lot of things, i wouldnt call them fascists.
rank assholes, yes. dirtbags, yes. absolute thieves, yes. corrupt pits of the vilest filth, yes.
fascists? nah. they were too busy running the circus rides and stuffing their pockets with gobs of cash to ever put the required thought and planning and action into anything as organized or severe as fascism.
They did build a big dependent class of small-time parasites to insulate them and support them in power, true.
greece is a lot of things, but despite this mountain of shit in recent years, greece is still quite a free country, on the human society side of things. economically it's a bizarre mix, but its definitely not fascist (except in the screamings of 16 year old bitch-ass punks who have some kind of relationship problem with their parents and go out vandalizing shit calling themselves anarchists... and then posting to each others facebook pages how they were resisting oppression, bunch of useless dipshits). Theres a huge bureacracy which just obstructs _everything_ , including itself, from doing... anything. but thats not fascism either.
Demonstration of how to burn buildings down and break things. I guess those escape tunnels are in good use today.
LMAO...
To know so little and be so sure.
You obviously have zero experience in selling and buying silver coins, Mr. O'Flanagan.
here's a link to ebay's ASE proofs - all those bid on are substantially over today's spot. . .
http://shop.ebay.com/i.html?_nkw=2010+silver+eagle+proof&_sacat=0&_odkw=...
The reports of reintroducing Gold and Silver as money free from capital gains taxes never do exactly that - report it as a reintroduction. It always comes across as something new for America like it hasn't been done before. When in fact specie money was the mainstream norm for almost all of America's existance.
with spreads on prices like this tell me the US .gov dont know people are using uncertainty to screw people on prices
.
chicken used to go on sale $.99 an lb now its minimum $1.88... gas is $3.50... in what 5 yrs...
.
how is the profecor going to fix the economy... lying about it from the gubmint jaw boner
Chicken used to be on sale regularly here for $0.49#.........
Turkey, even less.
Gas was $0.99 for a LONG time.
Time to order some chicks, and clip wings, and allow the egg mkt, and meat mkt to be in your backyards.No Roosters......bstds will alert the city officials via daybreak crowing.
numismatic is mostly dead. coins are bought for metal content only nowadays.
http://www.youtube.com/watch?v=xbE8E1ez97M
Correct, Buzz.
In Feb. 2009 I started telling family to buy junks and .999's at the lowest available spot, regardless of the vendor.
My idiot brother is still waiting for a buyer for those pre-civil war coins he just had to have.
A one ounce silver lunar dragon, perth mint, sells for upwards of 120.00. You could buy them for 50.00- 6 months ago. You just have to know your market.
I remember standing in line at McDonald's once listening to two old ladies discuss the intricacies of the Beanie Baby market, which they obviously new very, very well. They made sure to get the premium baby with their Happy Meals, not one of the crappy ones.
Lesson: Over-valued collectibles of any type are completely dependent upon belief in the greater fool theory (though antiques and such have the added value of age and rarity, providing a stablizing balance).
Meanwhile, I'll never forget the look on faces of the two old men that had to eat Happy Meals so their wives could get an otherwise worthless, mass-produced child's toy.
On a side note...people appearently collect coins above their PM worth...just like people collect beanie babies, baseball cards, antique dildoes...must be nice to be dumb with the profits of your labour...
For those with a fancy flight into collecting things, there's a term for it. Hoarding.
http://en.wikipedia.org/wiki/Compulsive_hoarding
I noticed a change in the market several years ago. Pennies were the big thing when I was a kid, then kennedy halfs. Now nobody gives a crap if they have the whole set of silver eagles or not even though it is perhaps the easiest set to collect. All anyone wants to know is cost per weight now.
I am a hoarder of whores! LULZ!!
...and a fool and his money are soon parted.
How can this be? It only costs $5 to dig it out of the ground!
When everybody is done jacking off, realize this is good news. The bigger the spread the better. C'mon 100.
I am in complete agreement, if the mint dicates one thing, it's how much the future value of the PM will be worth. It's served me well in flipping PM's. The fed "offers", six month later, that's the PM price.
Notice how they aren't offering anymore of those stupid gold twin towers coins? There's a reason, simplest I can think of is they don't have a flake of gold available to make them..
Actually I think the Maker of those Gold Towers ran some sort of convolted scheme which was eventually uprooted in Court by Uncle Sam. It happened near Chester PA. I think the Media had something on this subject going back a few months. Apparently the coins paid for a 3 mil mansion or some kind of such while being plated or otherwise made to look like actual gold inside silver.
If I am not mistaken the US Marshall Islands SW of Hawaii has a Mint that makes coins. Also there are some Indian Tribal lands also making moves into Banking via commericals to prospective investors too.
There's an interesting idea. The Bands doing their own bank...there's a project.
Done?
*fap*, *fap*, *fap*
Why I'm just getting started.
*fap*, *fap*, *fap*, *fap*, *fap*, *fap*
Here you go...give it to all your friends.
http://macory.com/
Here you go...give it to all your friends.
http://macory.com/
So when can we expect Adolph A. Weinman's Lady Liberty in full stride to be replaced with a rendition of the Vampire Squid in full grasp of planet Earth choking the living daylights out of it.
And on the reverse side of the coin replace the Eagle with the universal symbol of fascism:
http://www.google.com/imgres?imgurl=http://jspivey.wikispaces.com/file/view/100px-Fasces_lictoriae.svg.png/141542415/100px-Fasces_lictoriae.svg.png&imgrefurl=http://jspivey.wikispaces.com/Powerful%2Band%2BContinuing%2BNationalism_EYE&usg=__TgkG70ZfH6CDIsEB9LFKLo6OZms=&h=250&w=100&sz=11&hl=en&start=4&zoom=1&tbnid=Mb3Tins23NhE2M:&tbnh=111&tbnw=44&ei=KGsLTueENcm10AGkldyvAQ&prev=/search%3Fq%3Duniversal%2Bsymbol%2Bof%2Bfascism%26hl%3Den%26biw%3D853%26bih%3D607%26gbv%3D2%26tbm%3Disch&itbs=1
See also, (look on either side of the American flag)
http://www.google.com/imgres?imgurl=http://3.bp.blogspot.com/_bPMwO6OY21o/RdOJ86Zqo0I/AAAAAAAAAFk/mrRLDql-nhw/s320/130105fasces8.jpg&imgrefurl=http://earthevolution.blogspot.com/2007/02/why-is-there-symbol-for-fascism-in.html&usg=__J2ZyF1gOzc9jJsRCqZhxz14C-Kc=&h=254&w=320&sz=38&hl=en&start=5&zoom=1&tbnid=29HLOaBGKISZKM:&tbnh=94&tbnw=118&ei=EmsLTsySHcLi0QHJ4qRs&prev=/search%3Fq%3Duniversal%2Bsymbol%2Bof%2Bfascism%26hl%3Den%26biw%3D853%26bih%3D607%26gbv%3D2%26tbm%3Disch&itbs=1
And don't forget the symbols of fascism on good ole Abe's memorial:
http://www.google.com/imgres?imgurl=http://2.bp.blogspot.com/_Wyhr4UIQ4ig/TOw3LuQNiEI/AAAAAAAAAXU/hswceQqJgiU/S250/washington-dc-lincoln-memorial-s.jpg&imgrefurl=http://homageofreason.blogspot.com/2011/04/we-people-charlie-chaplin-speech-remix.html&usg=__b3kl6iCa5EepmdeOafAHxATw390=&h=200&w=250&sz=12&hl=en&start=3&zoom=1&tbnid=NZE08I9I0dZe_M:&tbnh=89&tbnw=111&ei=EmsLTsySHcLi0QHJ4qRs&prev=/search%3Fq%3Duniversal%2Bsymbol%2Bof%2Bfascism%26hl%3Den%26biw%3D853%26bih%3D607%26gbv%3D2%26tbm%3Disch&itbs=1
https://bitly.com/
Silver is not money. It's lots of money.
Never heard that one before. It's funny because it is true.
yea, i like money
I can't believe you like money too...wanna go to starbucks?
dude, i would LOVE the elimination of capital gains taxes, because I managed to appropriate all my PMs without a paper trail. i was pretty excited at the time, until i realized that if i can't prove the value of the metal at the date i bought said metal, i would most likely be subject to 28% of the entire exchange value if and when i ever decided to trade these for something of value (not bennybux).
but i am fairly sure this is merely political posturing. i wouldn't get too excited until it actually goes to a vote.
That's the way it works with everything else when it comes to the IRS or state Tax Commision. If you can't prove the cost, they provide it for you.
My silver from $12 hasnt gone down at all, I just check them all they still weigh 1 oz each.
is this for a 1 AND 1/2 ounce coin ?
Wholly phuck.
Bimetallic money standard please!!!!
BFD. when TSHTF, noone will care how pretty the damn metal is. Generic silver will be king, and proofs will become generic.
Got that right. And good luck trying to "educate" the counterparty on their perceived higher value.
Hindsight is fun ...
In 1967, Canada still minted a silver dollar (80% silver).
I should have bought Canadian silver dollars with 1000 paper FRNs!
SIXTY BUCKS A COIN????????????????
and let's give to Jamie right up the old wazoo.....
Let's not go sucking eachother's dicks just yet....
+69
+++++The wolf
Speak for yourself.
This is hilarious! Only 75%, huh?
Furthermore, its inflationary.
When you crawl out of your bunker and take some silver over to the dude who deals cheese and bread, he is probably not going to listen to any this "proof" shit.
Hey, you never know. Blue velvet may end up being the new patriot's primary banner material
"the dude who deals cheese"
Is that the gubbMINT cheese u refer to?
You are right if thats the way you would do it. But most will not spend our silver dollars, we will sell them!
I can't imagine they'll let the capital gains thing go through. Giving up 28% of any appreciation against the FRN -- something that increases as the system collapses -- just doesn't seem to be in the Fed's blood. Plus it's so easy to cast this as the rich folks screwing the little people and government over ("Can you believe it? They're so wealthy they have gold and they're making it so they don't pay taxes!")
If they do though, wow, huge windfall for those of us that bought in early when we convert back to FRN in tiny amounts to cover expenses.
Just how much gold do the people hold in dollars? Look at what all the gold the fed has in dollars (not much). Now think about the bonus the TBTF got in 2009 and again in 2010. Congress said on the media that they could not tax most of it because it was off shore (till it gets to come home on that one day they are allowed to bring it in with NO tax! It's the fact that the upper .01% pay little or NO taxes. In fact the upper one percent pay only the as much as the lower 40%! This is why we have no money for the states!
STOP thinking about the price of silver here. Those coins are on the market now, and have been. APMEX.com will buy them today for $36.50 from you. The silver coins are just regular bullion coins, and not the extra perfect ones the mint is selling now. You want silver/ gold just stick to the bullion coins.
You bet and dont forget .999+ rounds a cheaper yet
If you're buying "proofs" as an "investment" I have a shitload of
my wife's Beanie Babies I'll sell at a reasonable price.
"Proofs" the best con since the advent of condominiums.
Thomas Kincaid stuff is pretty too.
You know we turned a corner when Home Depot economists tell us granite counter tops are no longer considered an investment, they're now "expenses".
We need to keep turning and return the US treasury's role to issuing legal tender paper redeemable in US mint produced intrinsically valuable coinage as directed by that paper all those old guys signed a couple hundred years ago.
The sooner use Americans get your fucking pathetic excuse for a goverment,the better off we will all be.
You's are slaves,and most of you's don't even know it...!!!
Pretty sneaky Gov.,or pretty stupid people.
Is that what Chemtrails do to you...???
And what shithole do you live in?.
Sri Lanka?.
Nice double standard.
Government mints try to make us believe that it's the market that has it wrong in regards to precious metals prices; _they_ want us to believe silver's only 5$/ounce.
But when that same government tries to cash in on it, they want alot more than most bullion retailers.
Go figure.
My last post is missing the words "rid of"
Ps....
GREECE IS SHOWING YOUS WHAT TO DO....
Have at it
Greece had lazy cornered long ago. Did they pay everybody to get up before noon?
" It is almost as good as the gold-tungsten compression pair trade"
takes a lot for my jaded existence to laugh... but this did it - a chortle even
$6000.......for 5 rolls of eagles...!!!
Too funny.
An Silver American Eagle...with an "olive branch"....!!!
Ya......Okee Dokee.......
Fat fucking chance........Imperialist Pigs.......
Should show someones throat being slashed.
Would be much more accurate.
No, that would be some Islamic shithole..........beheading is not en vouge here yet.
we really are more into shot guns.. within 20 feet.. or so the F.B.I. says.. ^^^^ Benelli Bitchez!! (Crio)
I prefer regular "ugly " circulated 90% US silver. I like the '64 JFK's and Franklin fitty cents.
For me, it's Morgans and Washington quarters. You know, the father of banking and the father of the US.
I'm wit you. Fitty cents are the bidness.
I have been reading through these comments, and quite frankly I am atonished at the hateful and extreme views circulating in the so called "precious metals" community. Many of the comments speak openly of "revolting" against the government and the banking system. Some of the comments seem to imply elaborate conspiracy theories involving numerous government officials and bankers. I recognise that these are fringe beliefs, but given their delusional and extreme nature we believe that close monitoring and profiling is in order.
LOL
Looky kids, it's a new racist troll!
You're going to have to kick it up a notch or two if you want to be effective around here. Weak trolls are snack food in this place.
Welcome to Fight Club...better put your dukes up chump if you're gonna talk like that.
No, this is just another "JonNadler" or "HamyWanger" pseudo-troll, clearly just mocking idiotic, illogical and dishonest agendas by feigning perfect agreement with their disingenuous and/or ridiculous arguments. Well done, I say!
1 week 3 days...
Check it out!!1!
The SPLC just openly joined ZH. LOL.
---
Mr. Potok, please help spread the word all over MSNBC that this website honors the idea of the 1st Amendment and does not censor comments.
Interestingly, you joined us just before Glen Beck gave ZH a shoutout. Hmm.
Thank you,
WaterWings
Morris,oh Morris, is that you?, you whiney lying ckskr?.
Monitor away................and hope we never get a chance for a very short one on one.
on Wed, 06/29/2011 - 15:21
#1413017
I have been reading through these comments, and quite frankly I am atonished at the hateful and extreme views circulating in the so called "precious metals" community. Many of the comments speak openly of "revolting" against the government and the banking system. Some of the comments seem to imply elaborate conspiracy theories involving numerous government officials and bankers. I recognise that these are fringe beliefs, but given their delusional and extreme nature we believe that close monitoring and profiling is in order.
****************************************************************
I openly promote the death of ALL Lobbists as well ALL Lobby Whores.. It should be noted that I do not hate Niggers or Spics any more or less than I hate any or ALL Cracker ASS Crackers! please take note.
edit! I as well promote the Death of ALL "AAA" Rated Corporation Leaders, Banking and Non.. which is kind of covered in the Lobby Statement above but I wanted to drive home the point!
By death I mean hung on the White House lawn on ALL the 24 hour News Channels going froward for years and years.. to entertain all those who have suffered at the hands of these Financial Terrorists!
as well do you have any naked pics of your mom that you would like to pass around?
Darn JW with all of your extensive postings I never got you were MILF man.
Nothing wrong with it by the way.
Lee, DeMint & Paul - bless you.
Very limited mintage, burnished finish and of course the dorky box
I prefer the coin w/ the 'Tilt Up' ship made of silver that was recovered from the vaults below ground zero.
How can we offer this beautiful silver coin at less than half of what you'd pay for four times the paper price? Don't think about it folks! Buy it! Buy it now! These amazing coins won't last long at this low low price that can only go higher. So don't wait! They're new! They're shiny. They make great pets and there's no monthly fee. So act now!
Operators are standing buy. Strict limits apply.
How many American Eagle Silver Proof Coins can I get for a Hank Paulson memorial bronze medal?
C'mon Tyler, tell the whole story. What the mint is releasing for $59.95 is a 2011 PROOF COIN, not the regular uncirculated 1 oz silver Eagle. Proof coins of all types and years carry a much larger premium to spot prices than do the regular 1 oz uncirculated Eagle.
Southern Poverty law center?
Next opinion, please. (One, alternatively, based in life on Earth and reality and that type of stuff.)
Somebody else must've already signed up as Acorn.
OMG ... $59.95 for $35.00 worth of silver.
Lay me down sanctified.
you think they would assign a notional value, 50 cents or something, just to let you know how much you are being cheated
You mean like $1, which they are? Whether proof or bullion grade?
One ounce gold Eagles denominated $50, half-ounce $25, quarter-ounce $10, and tenth-ounce at $5.
Will that do?
jhgjhfjhlb uy
silver bitchez
silver
bitchez
+50
For real? Gotta love that. Bad joke, or they are hard up for the white metal.
But don't know how the premium will go over. Sounds like a lot of value-added tax for stamping coins, which is what they are supposed to do at the mint for already, without punishinng people for trying to protect themselves.
This is great. I'm going long on blue boxes with crushed velour.
Precious metals blanks used to manufacture U.S. Mint silver bullion coins often come from an Australian mint, a fact which upset several members of a House Financial Services subcommittee.
http://www.bullionmark.com.au/gold-research/blog/2011/4/00/141-Congress-takes-US-Mint-to-task.html
OOOps, they broke a Federal Law.............that's a Felony.
No mater mates, the Feds commit them at will.
I frankly say to Congress Boo Hoo.
Any silver is silver wherever you get it. I don't mind our Allies getting a bit of trade eh Wot?
Now that is Silver.
This is not an indicator of anything related to the price/availability of silver.
These are PROOF coins - you're paying the usual numismatic (coin collector) premium and getting a nice little blue box as well. The 5 oz. America The Beautiful coins are going for $279 from the Mint - another nice mark-up.
You don't (CAN'T) buy BULLION coins from the US Mint.
However the still high premiums charged by the dealers selling Silver Eagles do indicate high demand/relative scarcity or a willingness of the public to pay a premium for these coins.
Note: there ARE other indicators - such as COMEX inventory numbers and relentless short selling of miners, SLV and SLW that DO indicate potential problems with silver stocks. DYODD but the current 'lower' price seems to have been a heavy handed smash down unrelated to actual physical supplies and long term value. Methinks people were getting nervous about the common people rush into silver physical investment and determined efforts were made to discredit silver and shake newbies out of the market.
.
Also -PROOF coins are the ones grandma and grandpa buy to give the grandkids. They may not realize they're a bit overpriced but being honest, I'd have no complaints if given a proof Silver Eagle every year. If you bought a proof every year for your kid, they're still better off than if you held paper for the same time period or bought an Savings Bond at the same price.
They used to hand out Bonds to us kids. It backfired.
Can we cash it now? Is it 50 dollars yet?
When?
That long?
Aww man!
PLEASE!
Cold cash or forget it.
Just add the word 'proof' to the headline and nothing is fucked, Walter.
Either gold or silver coins minted by the US with dollar denominations are money or they are not. Either foreign holdings of gold and silver are financial instruments that are reportable on the FBAR or they are not. The government cannot have it both ways.
We are moving in fits and starts to the demise of fiat money. The instant that the general public is willing to accept gold/silver in exchange for work and the instant that enough merchants are willing to accept gold/silver in exchange for goods, is the instant the government will have lost a vote of no confidence in the greenback. The instant the public prefers PMs to dollars is the instant the government will no longer be able to tax these PMs.
All the coins minted by the U. S. Mint are legal tender. I've used Ike dollars in many retail transactions with no problems. Walmart would be required to accept your silver eagle at face value of $1.00. Go ahead and try it. Send us photos.
I bought the 2010 proofs from the mint for $45 and sold them for $90 when silver hit $50.
If I bought the 2011 for $59.95 and sold them for $90 I would still be happy with my return.
A proof silver Eagle or non-proof both contain one ounce of silver. The proofs are made with different dies which make them look different. The difference is simply cosmetic! People or collectors are usually "persuaded" to buy them on the pre-text that proofs are minted in significantly fewer numbers than the bullion version. Obviously for the mint, the margin is far better on the proof than the bullion coin. But essentially people would seem to be motivated to buy a proof on the basis of exclusivity. However, "serious" coin collectors are pretty scornful of all things "bright and shiny" and tend to want to avoid them. Certainly they don't impress other coin collectors. The premium paid for proofs is a waste of money. So are Apple Iphones!
All ZH'ers might like to know where the Dollar began...
http://en.wikipedia.org/wiki/Spanish_dollar
Now that's a real coin!! Ergo real money!
This has just dawned on me!!!!!
Since our constitution says, gold and silver coin a tender in payment of debts., HOW IN THE HELL CAN YOU EITHER TAX IT OR PUT A PREMIUN ON IT!
This is the same as paying $175 in exchange for 100 dollar bill
Rounds and bars yes, but not coins.
Also stamping it 1 dollar says it is a coin.
So if it is a coin it should be stamped 50 dollars, 75 dollars what ever it takes to represent more value then spot price.
Head Homey don't play dem games in D.C.,he still thinks there are 57 states..............
Er', wrong continent............wrong all the way around.
Yeah, but that Constitution thingy doesn't work so well anymore. Must be worn out.
the constitution of what? in these states united we all knows a dollar be three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver.
Ahem, now you are talking in Ammunition Numbers I can understand.
I don't think $25 extra is a lot to Pay for a pretty chinese box. You have To take shipping into account.
WHO writes these stories? Dude. It's the price of silver PROOF coin which has collector intrigue. It is not uncommon to see coin shops selling some of the lower-mintage proofs for $100 over spot. $59 for a proof eagle is a decent deal if you collect them. Get a life already.
The thing that pisses me off is that while you can purchase the American Eagle Silver Proof coins directly from the US Mint, you cannot purchase the standard uncirculated American Eagle Silver coins from the Mint. Instead, you must go through a fucking middle man who's going to try to scam you with a cut off the top.
You are right, but it's not all bad news for the buyers. The mint does not change it's prices hour by hour, day to day, even month to month. This makes it necessary for the mint to start with a very high price, so as to not to selling at a lose, in a market that can be very volatile. Most dealers have a markup fixed over the spot price of the metal. If you like you can time your purchase to swings in the market. Check out APMEX.com to see the prices real time.
Shows just how much you know about the Primary Dealers. They have a small mark-up since they compete with each other in selling. Any collusion on their part would be price-fixing and that's illegal. You are painfully ignorant of the coin market.
http://www.usmint.gov/consumer/SilverAPRequirements.pdf
the silver is from the Perth Mint and the Box is from China..
sounds all American to me!
damn math questions to post; buncha damn ludwig von mises'rs
59.95 for a proof .999 Eagle is a very good price but just for collectors. The Canadian proof silver dollar is 55.00 and is about .925 silver
http://www.mint.ca/store/coin/proof-silver-dollar-100th-anniversary-of-p...
Glenn Beck said today that Soros has 11 tons of gold.
the fiat is exploding - 75% premium is a confession of failure for the debt infested frn.