US MINT now offers...
 

Sadly, not too much in the WAY of their MISSION to produce and sell to the AMERICANS the AMERICAN EAGLE PRODUCTS.

http://catalog.usmint.gov/webapp/wcs...dentifier=1000

You can buy a UHR, but that is not REALLY an AMERICAN EAGLE product: it is a St. Gauden's copy of the 1907 coin that is a pattern in the Smithsonian (two of only 20 made and 18 destroyed).

Click on the offerings - you can't even buy a 2009 silver eagle anymore.

:4_1_72::4_1_72::4_1_72::4_1_72::4_1_72:

Wait till soon and gold hits :36_1_30:many grand......

Re: US MINT now offers...
 

Is there something new here? I don't see anything that's changed.

I don't think you've ever been able to buy ONE 2009 Silver Eagle directly from the mint. They sell bullion coins to dealers in bulk. They'll make uncirculated and proof Eagles when they catch up on bullion production.

But this is all old news. I must be missing something.

Re: US MINT now offers...
 

I had the same thinking, but the big play here is, it's all a play; Just simple advertisement. Possibly motivating the people that are on the fence - the, "I don't know poop about numismatics fence". You know, the fence that all the Cash For Gold people are lining up to sit on?

However, I was thinking (I mean HOPE-ING) that maybe this means the 2009 circulated SAE's may be the new 1996's...??? Maybe, yet I know they have produced a large quantity so far. Anyone know the numbers or do we have to wait the two years, as usual?:bawling:

Re: US MINT now offers...
 

A few months ago they sold you ONE extra special "W" 2009 Silver Eagle for around $37.00 - now it's GONE like the DODO Bird. It was a MS state coin.

As are all the rest of the 21 AMERICAN EAGLE mint products in proof and MS states.

They wiped out the entire slate of MINT products in one year.
It's old news but ONCE big things like this happen - well then the dealer things can be small potatoes NEXT.

Just a fellow crying "WOLF" in the artic of coin collecting.

Wait till the BLIZZARD hits! :signs14::signs14::Surrender:

Re: US MINT now offers...
 

Downright Un-American, I'll tell ya.

Re: US MINT now offers...
 

Yep,
It's a total "Dr. Strangelove" :111: when we like to have MINT do it's MISSON to provide us poor collectors the COINS they are supposed MINT at an extra 50% profit - but don't because they lack SOMETHING.

It's either character or materials - but probably BOTH.:111::signs14:

Re: US MINT now offers...
 

You would think that they could improve their reputation on the street easily.

Lost boys.:MIA:

Re: US MINT now offers...
 

Its not un-American - its the law...........

A law designed to keep us from having any reason for noticing there is nothing in Fort Knox.......

And this legal loophole is why we didn't get half the coins were were suppose to........

Where's my 2009 burnished Silver Eagle for this year?

We didn't get the various denominations of gold buffaloes..........oh wait, we didn't even get the 2009 1-oz buffalo either!

There is a huge list I sent those on my newsletter, no doubt you've seen the lis, off all the coins they didn't get mnted this year........and its massive - about 20 coins, and it told me something important.......

Being a coin collector means getting, and piecing together, information the bullion buyers don't have!

HS - I sent you a PM in response to yours a couple of days ago, we should talk!!!

Ho

Re: US MINT now offers...
 

If we don't hear from the mint within about 4 weeks, surely there's no chance of a buffalo, or proof ASE's or proof AGE's or any platinum at all for '09.
If we do, then you should buy them all as soon as they go on sale!

Re: US MINT now offers...
 

YOU have good common sense which is not so COMMON.

:111:

Re: US MINT now offers...
 

I do not think there is a chance in hell of the Mint getting those coins out this year..........

As a collector I wonder if they might even stop the silver eagle program after this year..........

right now the Mint should be focusing on next year.

Re: US MINT now offers...
 

Hey, Ho:

OMG!!! I thought you had died and flew the great parrot into the sky. :wink: Not necessarily a bad way to travel onto the afterlife.

Perhaps this is the way the mint can meet its legal obligation. The one where it must produce coins sufficient to meet demand. If a coin is advertised, but NOT available, it could be said since NO coins were ordered, there is NO demand. Since there is no demand, the Mint is no longer required to make any coins. Just a thought.

Thanks HS for the thread.

The Great Ag

Re: US MINT now offers...
 

I keep a regular watch on the mints updated offerings. If a 2009 Gold Buffalo ever gets offered, I will order one ASAP.

That is going to be a monster homerun coin.

They've only got a few months to make it happen. I don't really see it happening, but if it does, i'm ready.

Re: US MINT now offers...
 

Naw, I am fair too stubborn to die..........and when I do - you can bet it s cause I have work I have work to do elsewhere............so the afterlife will just have to wait...........

Altho, I DO wake up every morning and first thing I think:
"Shit.....I'm still here!"

I've just been busy with numerous obligations and board meetings......got rather sick too, but lived.......and also, got burnt out here with the newbies and the constant same questions......and a few who couldn't help but constantly tell us how little they knew, in great and complete detail! *g* But I am back..just in slightly more limited fashion.

Quote:

Originally Posted by The Great Ag (Post 1917671) Perhaps this is the way the mint can meet its legal obligation. The one where it must produce coins sufficient to meet demand. If a coin is advertised, but NOT available, it could be said since NO coins were ordered, there is NO demand. Since there is no demand, the Mint is no longer required to make any coins. Just a thought.

Good thought - let me see if anyone else knows what I am hinting at........

But believe me - demand is there.........

And yes, HS, great thread............

Re: US MINT now offers...
 

So true. :4_1_72: Also - I'm a little slow on the email messages - :23_1_22: I'll drop you a line this week in the afternoon. Hopefully - Tuesday; PS think North San Diego County.

Re: US MINT now offers...
 

Frankly - if I had a great supply of any metal which I knew I'd have to part with I'd wait until the price was way up and then make my 150%.

Perhaps the game plan is that simple....? :15_1_70v:

Re: US MINT now offers...
 

Re: US MINT now offers...
 

Sadly, the BIG people always have a clue they have the COMMODITY in their hands given to them by the sheeple.

Also - look at current prices for the profit percentage:

i.e. UHR gold is around $1000 and next week they sell you a UHR for around $1450.00 that is 45% profit - I hope that spells:ok: :111: it out, okay?

In the end only a small few smart people will understand inflation - while the sheeple will become like a LATIN American third country herein.


Obummer promised you he'd redistrubute the wealth - most of the 50% WHO voted him - did not figure out it was their wealth and that the promises would cost them 5 times their paychecks -
what total fools.....

Sorry, Charlie.

Re: US MINT now offers...
 

Really you can't expect them to produce 2009 Buffalos, GAEs and PAEs when the demand for First Spouse coins is so high. Use your brain man! :)

Re: US MINT now offers...
 

There are only a few coins they are required by law to make in quantities sufficient to meet demand.

I found the "quantities sufficient to meet public demand" clause for these bullion coins:
1 oz silver eagles
1 oz gold eagles
1/2 oz gold eagles
1/4 oz gold eagles
1/10 oz gold eagles

These coins are only sold wholesale to dealers; the mint does NOT have to offer them to individuals. The law doesn't say they coins have to be minted every year; it appears the public demand requirement could be met by offering coins from a stock of previous-year coins. And there's no public demand requirement for proof or uncirculated versions.



The other requirement that may be relevant is that the gold for some coins has to come from
"purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined."

But, they can't pay "more than the average world price" for the gold. Under some market conditions, there might be little or no U.S.-mined gold available at or below the average world price. So it might sometimes be impossible to satisfy both legal requirements.

This applies to the $50 gold buffalo coins and first spouse gold coins. But the mint isn't required to meet public demand for these coins.

Re: US MINT now offers...
 

They're selling the coin for $1339, not $1450. That's about 34% above the gold price, not 45%.

If you really think the whole difference between the public sale price and the gold price is "profit", then you must believe:
1. the equipment and facilities to make coins are free, and
2. the mint employs only slave labor at zero cost.

The pricing grid published by the mint says their actual profit on gold coins is about 15%. Can you point to any evidence that it is 45% in reality?


Your previous prediction for UHR gold eagles was $1500 "next week", about a week ago. The price is still $1339, and your "next week" prediction is now only $1450. So I guess you're turning into a pessimist. :s1:


The London gold fixing has only been above $1000 3 times so far. I don't think that pushes the weekly average high enough to move up to the next price point, which would be $1389 for the UHR. So they're likely to stay at the $1339 price for a while longer.

Re: US MINT now offers...
 

Re: US MINT now offers...
 

BINGO! BINGO! BINGO!
We have a whiner, I mean, winner!!!

As a coin collector, I heard some jackass on TV the other night talking about how they get the gold from Fort Knox and take it in amour trucks to the Mint.........I fell off my chair laughing!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>
<o:p></o:p>
BY LAW THEY CAN'T DO THAT.........NO GOLD COINS ARE MADE FROM FORT KNOX GOLD!!! *LOL*<o:p></o:p>
<o:p></o:p>
AND HERE'S THE BIG THING I HAVE BEEN TRYING TO TALK TO MY GOLD RADIO CONTACTS ABOUT, BUT THEY'VE ALL BEEN TOO BUSY TO CALL BACK! *RME* I THINK THAT LAW MAY HAVE BEEN ENACTED, IN PART, SO THAT NO ONE WOULD BE GOING TO FORT KNOX AND REALIZE THERE IS NO GOLD!!<o:p></o:p>
<o:p></o:p>
SO, WHAT DOES IT ALL MEAN (besides Ho needs to get a life?).........they couldn't mine the gold or silver at the current spot price of $980 (or $1000 for that matter.........its got to go up about $200 at least!), so production slowed down........and so no coins could be made available...........all this "meet the demand" stuff is totally moot if they can't get the metal at all!! You can not sell, even by law, what you do not have! *g*<o:p></o:p>
<o:p></o:p>
NOW - LET'S PUT A FEW PIECES TOGETHER...........<o:p></o:p>
when I say gold, you say gold and silver <o:p></o:p>
(I am sick of typing it each time)<o:p></o:p>
<o:p></o:p>
Gold is at historic levels.<o:p></o:p>
<o:p></o:p>
MORE people will be running to buy gold as the dollar collapses further.<o:p></o:p>
<o:p></o:p>
The Mint has limited coins, and limited access to gold that is newly mined in this country because they can't mine gold at these prices.<o:p></o:p>
<o:p></o:p>
SO - a very limited amount, if any, coins for those people rushing to get gold and silver coins.<o:p></o:p>
<o:p></o:p>
NOW - let's suppose that tomorrow morning - I waved my magic wand and raised the price of gold to - oh, it really doesn't matter - so let's say a modest $2000 an ounce........<o:p></o:p>
<o:p></o:p>
NOW WHAT?<o:p></o:p>
<o:p></o:p>
Well, it would still take months for the mines to get the gold and silver - months for the extraction of the gold........then more weeks, if not months, for the Mint to get the metal and make the coins and THEN getting them to dealers. Our Mint is one of the biggest - if not the biggest - producer of gold and silver coins in the world.......and we know all the big Mints, including Canada & Perth had to shut down, or slow, for a few weeks......just as ours had no product too.........<o:p></o:p>
<o:p></o:p>
That means, as the panic REALLY hits, there will be no coins except those already minted, or in the process of being minted - and it could be MONTHS till there are, and they would be limited, and would disappear at any price by then!

And we all know what THAT shoud do to the price of the metals.............forget the moon............think Saturn!!! *g*

SO EITHER WAY - here is how I see it..............<o:p></o:p>
<o:p></o:p>
When the great demand hits - UNLIKE DURING THE 70'S - there will be VERY limited coins available to cover the incredibly high demand! <o:p></o:p>
<o:p></o:p>
My crystal balls and skulls are all saying, nay, singing..................<o:p></o:p>
<o:p></o:p>
**IT'S A NO-BRAINER, DUDE!**<o:p></o:p>
(even though I tell them it should be obvious to anyone, but most people do not know that little tidbit about where the gold and silver must come from..........and I don't like being called dude!)<o:p></o:p>
<o:p></o:p>
BOTTOMLINE - we've always said - if you don't hold physical - you do not own gold - you own paper.<o:p></o:p>
<o:p></o:p>
"If you do not hold it, you do not own it!"<o:p></o:p>
<o:p></o:p>
But the time is coming when people will not be able to find gold or silver coins for love or money (or sex!). I see a time when the masses are using copper from pennies and nickel from, well, you know, to buy things...........because even they have more value than paper........but the very few holding actual gold and silver will be the few not in total financial terror.<o:p></o:p>
<o:p></o:p>
The new middle class will be made up of that very tiny group who protected their assets and bought PMs back when you still could.....now.<o:p></o:p>
<o:p></o:p>
How confident am I in this? <o:p></o:p>
<o:p></o:p>
Confident enough to post it here.............and to stand by it as I have by all my other crystal ball predictions that have all come true.<o:p></o:p>
<o:p></o:p>
Cheers!<o:p></o:p>
<o:p></o:p>

Re: US MINT now offers...
 

You could have PMs...:biggrin:

great post btw...

The only problem I have with it is this tidbit.

Your obviously not capable of understanding the level respect I have for my coins.:yes:

Re: US MINT now offers...
 

But will you still respect it in the morning..........?

But I still do not think anyone out there is so good they are worth an ounce of gold...........*l*

I price myself at half an ounce of platinum an hour.........but I charge double if I have to break a sweat!
:biggrin:

Re: US MINT now offers...
 

Another point why sell 22 coins from the mint in precious metals RIGHT NOW when you know that next year your can get the current price in many MULTIBLES next year?

I imagine the FUTURE premium(s) to be twice to three times what they were last year too. The dealers will ask for an arm and a legto re-stock! :adore::adore:

If the 2010 PROOF Eagle in gold sells for $2500 to $3000 and the premium is another $250 the BUYER will have to cough it up or keep his paper that is losing 50% a year
under the printers running the congress ragged.