2011 Gold Commemorative Coins

There has been some recent discussion about which currently available US Mint products have the best potential for future price appreciation. At this time, I like the 2011 Army and Medal of Honor $5 gold coins, with a preference towards the uncirculated versions.

These coins are available during somewhat of a unique year, which may be contributing to slower sales and eventually lower mintages. As I have mentioned in another post, any previously issued $5 gold commemorative coin with a mintage of less than 10,000 has experienced a significant increase in secondary market prices once sales have concluded at the US Mint.

The most recent figures show sales of the 2011 Army $5 gold coins at 5,974 uncirculated and 15,735 proof coins. In the past week, the number of coins sold was 30 uncirculated and 13 proofs.

The 2011 Medal of Honor $5 gold coins are slightly lower at 5,604 uncirculated and 14,564 proof coins. In the past week sales were 55 uncirculated and 24 proof coins.

The slower sales are likely due to a combination of factors. The price of each coin is much higher than previous years, possibly putting the coins out of reach of some collectors. The 2008 Bald Eagle $5 gold coins (the last available gold commemoratives) were priced at $309.95 and $319.95 for uncirculated and proof versions, respectively. This year’s $5 gold coins are priced at $444.95 and $454.95 for uncirculated and proof versions, respectively.

This year features two different $5 gold coins, which is an unusual occurrence in recent years. Under current law, only two United States Mint commemorative coin programs may be approved per year. Each of these programs may include one or more coins, most commonly $5 gold coins, silver dollars, or clad composition half dollars. The last time two commemorative gold coins were issued in the same year was 1997 (which happens to be the year of the low mintage uncirculated Jackie Robinson $5 Gold Coin). Having multiple expensive commemorative coins available in the same year may serve to divide collector interest and result in lower sales and mintages for each.

Besides the expanded number of commemorative coins available this year, there has also been an expansion in the number of other numismatic precious metals products available, especially for silver coins. This expanded number of options and the constant barrage of releases serves to divert collector attention and absorb collector budgets, which may have otherwise been spent on commemorative coins.

At minimum the second two factors will subside in coming years. Commemorative coin programs approved for 2012 and 2013 each include only one gold coin per year. The number of numismatic ATB silver coins should also decline, assuming all 2010 and 2011-dated issues are released in the current year.

Under the authorizing legislation, sales of the Army and Medal of Honor Commemorative Coins are required to conclude before the end of the year. The US Mint has typically ended sales at a pre-announced date in mid-December. Based on current sales trends, it seems likely that the uncirculated $5 gold coins for each of this year’s programs will have sales of less than 10,000. It’s also worth mentioning that the proof versions of the coins will have a historically low and possibly the lowest mintage for a $5 gold commemorative proof coin. The lowest mintage is currently held by the proof 1996 Smithsonian $5 Gold Coin at 21,840.

The counterargument to all of this is that low mintages may be the “new normal” in the current environment of escalating precious metals prices. In recent years, we have seen multiple First Spouse Gold Coins with final sales of less than 5,000. These issues have generally appreciated on the secondary market, but they have not experienced the five-fold price increases seen for some of the mid-1990’s low mintage coins. I think the lower percentage appreciation is a result of the higher initial price and the prospect of future issues having even lower mintages. It is certainly possible that precious metals prices continue to rise and mintages for subsequent issues continue to decline. Of course in this scenario, the values of the gold coins would appreciate on the basis of the intrinsic value, if not for the low mitnage.

The final thing I wanted to discuss was the pricing for the 2011 gold commemorative coins. The prices were established by publication in the Federal Register dated December 29, 2010. At that time the market price of gold was $1,412 per ounce. Since then, gold has risen by nearly 12%, while the prices for the coins has not been adjusted (except at the end of the introductory period). The US Mint’s flexible pricing policy, which allows for weekly changes when the average price of gold crosses $50 increments does not apply to commemorative coins.

Each $5 gold coin contains 0.2418 troy ounces of gold content. This represents an intrinsic value of around $382 for each coin. The issue price for the uncirculated version is $444.95, of which $35 represents a surcharge payable to the beneficiary organization. If the price of gold continues to rise, it seems likely that at some point the US Mint will adjust prices. The adjustment would take place under the standard method for establishing prices which involves suspending sales until new amounts can be published in the Federal Register.

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Comments

  1. Anonymous says

    DOES ANYONE KNOW IF I SHOULD INVEST IN A $5 MEDAL OF HONOR GOLD COIN OR THE $10 GOLD FIRST SPOUSE,(BOTH MS VERSIONS). THIS IS FOR THE RETURN ESTIMATED VALUE AND NOT THE GOLD VALUE BING ONE IS ALMOST DOUBLE THE BULLION COMPARED TO THE OTHER. THE GOLD FS COINS,(MS) HAVE AND SHOULD KEEP THE LOWER MINTAGES. ANY ADVICE FROM THE EXPERIANCED FELLOWS. THANKS..

  2. Anonymous says

    So much for flying under the radar. I was waiting how long it would be until Michael blogged about them. Excellent point about the "new normal" with low mintages moving forward.

  3. Anonymous says

    The lower mintages of some gold coins in the future as pm prices continue to rise and the economy worsens was mentioned a few times by others in yesterday's post and Michael and others have also mentioned previously that the abundance of coins offered lately (esp silver) could also be a strain for people financially and a contributing factor for some lower mintages.

  4. Anonymous says

    Sssshhhhhhhhh! This will be our little secret. Never mind I bet 200 MOH $5 unc sell next week.

  5. Anonymous says

    I will keep quiet. I don't even know what you're talking about. Good English is a virtue… LOL

    ————-
    Sssshhhhhhhhh! This will be our little secret. Never mind I bet 200 MOH $5 unc sell next week.

  6. Anonymous says

    I do think that when the US Mint inundates customers with a plethora of coin releases around a central theme, demand drops. Folks are unwilling to pay high prices since they are burned out and the "novelty" is gone.

    Look at the FS gold coins. The widespread demand simply is not there. And the same is true for the ATB 5 ounce P silver coins. We're seeing the start of dwindling demand.

    Also, take a look at the plethora of Canadian and Australian commemorative coins that are being released. Despite low mintages, the market is inundated with them and values generally are not significantly higher than their purchase prices.

  7. Anonymous says

    when banks (JPM, citi and boa) start to report earning shortfall tomorrow, you will know why chairman Bernanke is talking about QE3 (1T dollars?). stop worrying about which low mintage coins you need to buy. you probably have to put all your money into gold/silver now in order to survive financially in the future, since food price will go through the roof.

  8. Anonymous says

    Very good analysis on this blog. I agree higher prices and lower mintages being the new normal is a very likely scenerio. Coin collecting is rapidly turning into a rich mans hobby at least in the precious metals.

    The pot metal coins are even getting expensive. Coin collecting for the average collector may become the process of going through pocket change at the end of the week and making up your own set.

  9. Anonymous says

    Michael,

    It's interesting that you wrote about the 2011 Gold Commemorative coins having low mintages.

    How about the 2011 W uncirculated American Gold Eagle? Or the Eliza Johnson FS uncirculated gold coin? They seem to be on track to having low mintages as well.

    The increasing cost of these coins is making it harder for folks to buy multiples of each coin for their collections.

    If I were to buy one of each of the 4 coins at this time, we're talking about spending $3584 for less than 2 ounces of gold…..

  10. Anonymous says

    With the increasing cost of coins, I've decided to start pursuing other hobbies – those that don't cost so much. I wish I had all the money in the world to buy all the coins I'd like, but there are things that are more important – like putting food on the table, paying for my children's college education, and paying off my mortgage….

  11. Dash says

    What kind of hobbies exactly? Do you think the rest of us don't have to feed our families and pay a mortgage? Your comment is such nonsense. Yeah, SOME of the mint offerings are a little pricey, but not all. There are so many other PAST coin series that you can collect that aren't very expensive– Mercury Dimes, etc. You've probably never even bought a coin from the Mint. Go cry to your Mommy and stay off this blog. What put you "over the edge" recently for you to discover that some of this coin collecting is for adults? Your comment is so disingenuous it makes me sick!

  12. Anonymous says

    the unc MoH may be a good one- but otoh I remember the Salt Lake Olympic unc $5 gold commem look the same way until shortly before they stopped selling them (they sold several thousand just before pulling them thereby killing the value). reports like this tend to raise the mintages (that is what happened to the SLC)

  13. Anonymous says

    Stop buying all of these WAR and 9/11 coins. Just buy the American Gold Eagle or Platinum Eagle. Let PEACE prevail.

  14. Anonymous says

    I would strongly suggest that people not play the mintage game when it comes to PM products. The less than 5K, 10K, or 27K, etc. mentality is way too risky. The PM market is risky enough never mind trying to recoup outlandish premiums for some perceived low mintage item that is not even close to being considered a rarity. Sure, you may be able to hype a low mintage item and flip it for a small profit on ebay in the short-term, but if your strategy is buy-and-hold for the long-term, than buy your PMs as close to spot as you can.

  15. Anonymous says

    There is still 5 months left of sales for these commemorative gold coins, way too early to make a call.

  16. Anonymous says

    Still 5 months, we'll see. Think Julia and Letitia Tyler cut off around 9-10 months. I think I'll take Michael's hint to buy now anyway because very soon they will be gone for weeks only to return much higher priced.
    Thanks for a great article Michael.

  17. Anonymous says

    Julia and Letitia Tyler were not cut off early, we all knew they were ending sales of those coins. The coins that are generally cut off early are ones that are sold into the following year, like the Mary Todd Lincoln.

    These gold commemoratives can always be struck again if they need more coins as they are selling in the year the coin is dated. But buy away, we will see how many sell over the next 5 to 6 months.

  18. Anonymous says

    Greed will make you burn in ….

    ————–
    Where is that POP,POP kid, i wana Pop him in the head, to knock some sense into him, Kid its not 1930,50 or 80, its 2011, back then the problem was at one place, now the whole world economy is messed, its a catch 22, if you know what it is, you keep popping around but my suggestion is that you buy some metals, insted of buying those xbox and ps games

  19. Anonymous says

    "Julia and Letitia Tyler were not cut off early"
    As I remember it was a complete surprise that they ended sales after 9-10 months ? Help me Michael ? This is in part why the mintages were very low right ? Thanks.

  20. Mint News Blog says

    "How about the 2011 W uncirculated American Gold Eagle? Or the Eliza Johnson FS uncirculated gold coin?"

    I continue to like and collect the First Spouse series. For the first time in many years, gold commemoratives make a compelling case. This series has a longer track record and a broader collector base.

    I am going to write about the 2011-W Unc Gold Eagle in a future post. At this point, I prefer the $5 gold commemems.

    "There is still 5 months left of sales for these commemorative gold coins, way too early to make a call."

    Perhaps, but in recent years the bulk of commemorative coin sales have occurred during the opening few months of sales. The remaining sales period has been pretty subdued and without any real surprises.

    I also wanted to write about these coins now, since the recent rise in gold increases the possibility of a price adjustment.

  21. Mint News Blog says

    " "Julia and Letitia Tyler were not cut off early"
    As I remember it was a complete surprise that they ended sales after 9-10 months ? Help me Michael ? This is in part why the mintages were very low right ? Thanks."

    It was probably a surprise to most collectors, but not to readers of this blog.

    As soon as I confirmed when Julia Tyler sales would end, I mentioned it at least a few times. One example is at the end of this post.

    http://mintnewsblog.blogspot.com/2010/06/2010-jane-pierce-first-spouse-gold-coin.html

  22. Anonymous says

    Anon @ 5:29, your comment is ridiculous. If you add up all the gold and platinum products, without including any clad or silver, you're going to paying something along the lines of $8810, and that's assuming I didn't forget to add anything. If you throw in the AtB-Ps, you get $11610. This still doesn't count things like the commemorative silvers or bullion AtBs. It's great that you're rolling in dough and can afford to blow $10K+ on Mint products, but some of us don't have that kind of money!

  23. Anonymous says

    "It was probably a surprise to most collectors, but not to readers of this blog."

    THX Michael.

  24. Anonymous says

    I agree with your assessment. I have been tracking the performance of the MOH gold coins in particular because I really like the classic design. They have NOT been selling well on the secondary markets. However, the proof version seems to move faster on E-bay than the MS version, which seems consistent with market demand as inferred from published Mint figures.

    I generally don’t collect commemoratives but I bought a pair of graded coins (MOH $5) when they first came out. I generally prefer proofs but I actually prefer the MS version of the MOH coins (perhaps it’s because of the coin’s relatively small size). I just think the MS version of the MOH is really an attractive coin.

    So based on your post and my preferences, I just went out and bought two more MOH $5 NGC MS 70 ERs form MCM. The coins cost me $499 each “on sale”. I think that is a pretty solid investment. Thanks Michael for this blog. I read it regularly and find your insights most helpful.

  25. Anonymous says

    GOLD all time record high – $1,595.60 an ounce.

    to buy a 2011 bullion american eagle one ounce gold coin will cost us $1,679.09 each at apmex plus shipping.

  26. Anonymous says

    I bought both of the 2011 comm. coins proof now planning to buy both on the unc version but running out of cash from all the mint offering. I wish the mint just make 1 version of the coin they make for instance the UHR just one coin you don't have to pick proof or unc.

    I also wish they sell bullion straight on the Mint website.
    If the Mint want to make money, they should sell it direct from they website with their AP way, it seem the AP making all the money being the middle man.

    Young boy

  27. Anonymous says

    I agree with young boy. I think AP was good in the old days, now that there is internet and credit card.

    I can buy anything I want even its across the globe. Back then its hard that is why AP was need in the old days, now its time to get rid or the AP. They make money just buying coin and selling it to the dealer because the is no other way and that is easy money. I would be an AP if I have the cash to roll, just buy and dump that's how easy AP can make cash.

  28. Anonymous says

    When I sold advertising and somebody told me that they “couldn’t afford to buy” I would tell them that they “couldn’t afford NOT to buy”.

    I waited for a price drop on the Unc. AGE and it didn’t happen. I kept telling myself that I can’t afford this coin… then I told myself I can’t afford not to buy this coin. I placed the order last night, if it remains a low mintage coin and I can make a few extra bucks later that's great. If the 2012 AGE ends up having lower numbers like some have suggested then I will sell the 2011 AGE to buy the 2012 AGE. Either way gold & silver have provided returns that the bank can’t and because I will have no attachment to this coin it will be easy to part with. Maybe I will be able to make enough $$ to buy something that really is rare for my collection. Some coins are for collecting, some for investing… for me the Unc. 2011W is for investing.

  29. Anonymous says

    if the mint use today silver price to calculate the selling price for ATB. it will cost us $294.05 plus $4.95 shipping instead of $279.95 plus $4.95 shipping.

  30. Anonymous says

    MCM = Modern Coin Mart.
    I’ve bought a few items from them and have enjoyed the experience & prices.

  31. Dash says

    Delusional? Someone posts a comment with no specifics, filled with cliches and I'm a bad guy for questioning it? Anyone is free to post a comment but it isn't exempt from challenge. Sorry, the comment from "Anon July 13, 2011 5:11 PM" is inane.

    In honor of "Anon July 13, 2011 5:11 PM" I ordered a 2011 Uncirculated AGE this morning. Beautiful coin that will be a safe long term investment.

  32. Anonymous says

    I bought a Medal of Honor proof earlier in the year and am looking for an opportunity, budgetwise, to pick up the uncirculated now based on Michael's recommendation. Unfortunately the AtBs are really draining my budget this year, and I already sold some junk mercury dimes and peace dollars to provide funds to buy the 2011 platinum eagle.

    Ugh. I hate to say it but I hope the AtB-Ps stop after Mt. Hood!

  33. Anonymous says

    Stopping the ATB P coins after Mount Hood would be the best thing for them in the long run. That would solidify their status as the lowest-mintage 5 oz ATB coins for the entire program, as the bullion versions each year will undoubtedly come in much higher than 27,000 each. Since the 2010 bullion coins have 33,000 mintages, the P versions would be the lowest overall. I would imagine those collecting the bullion set would want to go ahead and own the 2010-P coins as well, to have a truly complete set of ATB 5 ozer's. That would serve to keep demand up for them.

  34. Anonymous says

    Does the law passed by Congress necessitate production of both the 5 oz numismatic version AND the bullion?

  35. Anonymous says

    I am not buying ATB anymore….27K Mintage and %premium quite high above bullion too.

    We should look at some products from other World Mint; like say the Spain Mint or Paris Mint; like the Spanish 50 euro Cincuentin (costs much less/oz and on 6000 mintage)

    I am exploring other World Mint in search of great design and preferably low mintage

  36. Anonymous says

    From above, I forgot to mention the Spanish 50 euro Cincuentin is roughly a 5 oz silver coin too.

  37. Anonymous says

    Thanks Michael!!

    I like the numismatic ATBs, but WE CANNOT AFFORD ALL THIS STUFF!
    (sorry about the caps, but it really is a shout out to the Mint).

    Please stop the numismatic production of the ATBs so I can think about buying a gold UNC ASE or gold spouse or even some 2011 silver proof sets (these may be sleepers!).

  38. Anonymous says

    If silver gets much above $40 again, I wonder if the Mint will adjust the price of the Mount Hood coin higher than $279.95? I sure hope not, since at this point I was hoping to get the complete set for $279.95 each. The Mount hood coin should have gone on sale this week anyway, if the Mint had stuck to the previous release pattern of the first four coins. The extra two-week delay could end up making the Mount Hood coins cost more!

  39. Anonymous says

    Are the Yosemite and Grand Canyon 5 ounce P silver coins still available from the US Mint? Seems like it's taking a long time for a sell out. Yes, I know about the premature "waiting list" notice….

  40. Anonymous says

    An excellent post, Michael.

    If this is, the new normal, at least for the next bunch of years, what will that do to the price of some formerly low mintage coins which bring a premium now? CVC, Robinson, Smithsonian.

  41. Anonymous says

    I will definitely buy gold and silver coins from Italy Mint. Look at how their finance minister implements and passes the balance budget. Their gold coins will worth more backed by the EU and Italy. You are paying very high premium for a classy lady on a coin. I am pretty sure you will be losing your money soon.

  42. Anonymous says

    People prefer to buy AGE and ASE because they are supported by US government. I would not spend money to buy Latvian coins commemorating Riga's 13th century history. I would prefer to buy coins commemorating Rome's past.

  43. Anonymous says

    Folks, our gold and PM's will plummet if the US is unable to pay even the slightest bit of her obligations after August 2 if these clowns can't get a deal done. You will see an economic tailspin doomsday scenario of biblical proportions. From gold to equities to treasuries to housing; all will be crushed or crushed further. Nothing will be safe.

  44. Anonymous says

    These financial rating services saying our government finances will be downgraded is a bunch of hooey. These wizards haven't got a frickin' clue. Where were they in 2008 when all these bankrupt financial companies all had a triple AAA, gold plated rating right before they went bankrupt. Thank goodness they aren't in charge of grading coins.

    James G. Rickards said, "If printing money is the way to economic prosperity, where did Zimbabwe go wrong?"

  45. Anonymous says

    DOES ANYONE HAVE ANY ADVICE IF A COLLECTOR SHOULD BUY A $5 MEADL OF HONOR OR $10 FIRST SPOUSE , (MS-UNC.) COIN? I REALIZE THE $10 COIN HAS ALMOST TWICE AS MUCH GOLD CONTENT, BUT THIS WOULD BE FOR THE MOST BANG FOR THE BUCK AND EST. PROFIT IDEA IN RELATIONSHIP TO THE PRICE. PLEASE COMMENT IF YOU WOULD, THANKS.. AND PS., I LIKE TO KEEP MY CAPS ON. I PREFER TO TYPE WITH THE CAPS ON. IF SOMEONE OUT THERE DOES NOT LIKE THIS, SHOW ME A LAW THAT SAYS THIS IS NOT PROPER. REALLY WEIRD BLOGGERS AROUND. HOW ABOUT BEING NICE AND LET'S TALK COINS AND NOT WORRY IF I HAVE MY CAPS ON, EH !!!

  46. Anonymous says

    My advice would be to buy them both. If you want to sell one or the other or both later then you are free to do so. It's time to take a stand and make a decision for yourself already.

  47. Anonymous says

    THANKS FOR THE ADVICE. MOST PEOPLE DO NOT HAVE ENUFF FOR BOTH COINS, AS TO WHICH I WAS ASKING FOR ADVICE. HAVE NOT HAD ANY UP UNTIL NOW. COLLECTING IS ALSO FOR FUN. YOU COME OFF AS A RUDE PERSON. WHEN SPENDING THIS KIND OF MONEY, YOU SHOULD ASK FOR ADVICE FROM PEOPLE THAT HAVE THE EXPERIENCE IN IT. PEOPLE LIKE YOU TAKE THE FUN OUT OF IT BY COMING OFF AS A CLASS 1 JERK. HOW RUDE ! IS THIS FORUM YOUR ONLY CONTACT WITH THE WORLD ? YOU PROBABLY DO NOT HAVE ANY FRIENDS OR COME FROM A SINGLE PARENT HOUSEHOLD. LEARN SOME MANNERS, EH. IF MY QUESTION BOTHERS YOU, BOY! HAVE YOU GOT ISSUES, EH. GO READ A BOOK ON HOW TO BE NICE TO OTHER PEOPLE ASKING FOR SOME OPINIONS. HEY DUDE, LOTS OF PROBLEMS OUT THERE, IF I HURT YOUR FEELINGS BY MY QUESTIONS, YOU NEED TO GROW UP AND MATURE A LITTLE OR SO. BE NICE, YOUR ALIVE TODAY AND PROBABLY VERY HEALTHY. THINK ABOUT OUR COUNTRYMEN THAT ARE FIGHTING FOR OUR FREEDOM. AND YOU GET PERSONAL ABOUT MY QUESTION, OH BOY ! OUR COUNTRY HAS GONE DOWN SO MUCH. YOU ARE PROBABLY YOUNGER THAN 30 AND HAVE NEVER SEEN ANY TRUE HARD TIMES IN YOUR LIFE. AND UNMARRIED, AND YOU FEEL SORRY FOR YOURSELF TOO. AM I CLOSE ? BE NICE, IS IT HARD FOR YOU TO BE NICE TO ANYONE. IT'S EASY TO BE RUDE WHEN YOUR ON A KEYBOOARD…. GOODBYE FROM LUCAS McCAIN AND LITTLE JOE AND PALLADIN..

  48. Anonymous says

    i am waiting for the fp hayes coin to come out. i am going to buy maybe ten. they will be discontinued soon after that. we will see.

  49. Anonymous says

    easy there caps-lock guy. don't blow a gasket.

    as for coins, i have been collecing since 2000, and have purchased (among other coins from the mint) the gold commems's in unc. finish. proof finish never really excited me, for what ever reason. i can not afford the entire FS series, so i just bought the Liberty subset.

    as to your first post, my preference is the MOH. i think it is a more "classic" design.

    my 2 cents for what its worth.

  50. vabeachbumz says

    WOW!! After weeks away, I was hoping the childish behavior would subside. Great and informative articles continue to be marred by threads that devolve into a death spiral.

    Think Big Picture folks!! This Board provides us (ofter before anyone else) with information and insights from several, long-time numismatic professionals and other, industry recognized editorial experts. I don't think any of them, any others who might be debating whether or not to contribute, and, most importantly, our Champion and the Owner of This Blog, want their names associated with this kind of drivel. Similarly, I'm pretty sure some of our better known, long-time participants – Grandpa, Lasloo and others – slipped into the shadows because of this same deterioration.

    Anonymity is a priviledge, not a right. Personally, I don't care about how other people use upper case, lower case, punctuation and sentence structure, as long as they make a POSITIVE CONTRIBUTION TO THE BOARD – US Mint News and all things Numismatics.

    Given that the alternative is registered user accounts and/or a full administrative lock-down, please stay on point. We may not like our options… if we get any!!

  51. Anonymous says

    Yeah, I want all of the negativity and mud-slinging about topics unrelated to coins to stop, too. I don't want the comments to be taken away from us again because of a few bad apples!

    I'm a little worried about "Grandpa". He's been away for so long, I'm wondering if he's still with us on Earth. I always enjoyed his posts so much. He never had a bad word for anyone, and he actually knew how to write correctly!

  52. Anonymous says

    Yes, I would also like Grandpa's latest opinion on the 5 Oz ATB P coins; his previous analysis were well thought.

  53. Anonymous says

    I frankly think that the comments section should be replaced with a message board requiring registration, like Turd Ferguson's site recently did http://www.tfmetalsreport.com/ or like Karl Denninger does on his Market Ticker site.

    There are too many trolls with agendas in the comments section, not limited to guys who want to slam Republicans/Democrats, or posters who hate gold and silver and are eager to announce (in ANY thread where gold coins are discussed) the the price of gold is is going to drop to $200 and that we are all wasting our money.

    And don't get me started on the flippers who are constantly trying to gin up buying or selling stampedes in the collecting community… ugh. I think a messageboard would be a better environment and make it easier for Michael to dispense with problem posters.

  54. Mint News Blog says

    Many of the comments are very discouraging to me. Especially on this post, which I spent a long time writing and thinking about.

    I did create a site to serve as a more full featured forum at http://coinnetwork.com/

    For whatever reason it never attracted the level of participation seen here, although it does remain active.

    I deleted about 40 comments on this post that were rude, completely off topic, false, overly political, or just plain silly.

    Let's keep things civil and relevant please.

  55. Anonymous says

    FROM THE CAPS FELLA,; SORRY I IF I OFFENDED ANYONE OUT THEIR W/MY COMMENTARY. ALL I WANTED WAS SOME GOOD ADVICE ON 2 GOLD COINS. AND YOU ALL SEE HOW A FEW PEOPLE WERE SO RUDE IN THEIR STATEMENTS TO ME. COIN COLLECTING SHOULD BE FUN. I NEED TO HEAR RUDE OR BAD BEHAVIOR ON SUBJECTS AS LARGE TYPE OR I CANNOT MAKE DECISION. I THINK I MADE MY POINT AND HOPE WE CAN JUST TALK ABOUT THE COINS. I LOOKED UP THE MEANING OF 'BULLYING', AND COULD NOT FIGURE OUT ON HOW I WAS SUPPOSE TO TAKE HIS MEANING. MUST BE A YOUNG THING, I AM OLD SCHOOL AND A VERY ENJOYABLE AND NICE FELLA TO BE AROUND. SO…… I JUST SAW THAT THE VICKSBURG 5OZ. BULLION COIN HAS JUST 19K SOLD. THINKING EVEN THOUGH IT A BULLION COIN, THAT THIS WILL BE LOW MINTAGE AND MAYBE TO SOME COLLECTORS WORTH A PREMIUM SOME DAY. ANY THOUGHTS FROM MY BROTHERS OUT IN COINLAND?? WOULD LIKE YOUR TAKE ON THIS. FROM HOSS AND LITTLE JOE AND PALLADIN

  56. Anonymous says

    Does anyone know why the date was removed from when the Julia Grant Coins(spuose coins) would be sent out? There was a July 17th date and now that has been removed.

  57. Anonymous says

    I saw the 19,000 Vicksburg fiqure as well. However, that just represents the number of coins the AP's ordered from the Mint between June 20 and July 1. I'm sure the final total will be much higher.

  58. Anonymous says

    Help me decide guys. I only have enough money for either the 2011 Platinum Eagle Proof or the 2011 W Gold Eagle. I really like the platinum's design but the gold eagle's low mintage is very appealing as well. Which one?

  59. Anonymous says

    The smart money is probably on the W gold eagle. But if I were you, I'd put my money into the platinum eagle like I did. The design is very attractive and I am far more likely to keep the coin for a long time than I am the W (I'd be tempted to just sell it to make a quick buck once it sells out at the Mint, because there isn't anything all that special about it).

  60. Anonymous says

    @ 10:59 AM – Typically, if a listing does not have a date, or if the "estimated ship date" is removed, it means that the Mint has some quantity of product in stock and immediately available for shipping. Even though the Mint still will take another 3-5 business day to process your order.

    Sometimes, it also can mean that all previous orders have been filled and there is no wait. For example, even though the Mint has been shipping the Grand Canyon ATB-P coins for the last week, the product listing shows an estimated ship date that is 4-6 days out from today's date.

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