PMANA asks President Trump to include precious metals in efforts to label products “Made in America”

The location of the old Carissa Gold Mine in Fremont County, Wyoming, is a picturesque testament to America’s rich gold- and silver-mining history. Modern U.S. gold mines are the sole sources of metal for American Eagle and American Buffalo gold coins. (Photo by Carol M. Highsmith)

The following press release is courtesy of the Precious Metals Association of North America.


(Washington, D.C.)—The White House has designated this week to be “Made in America” week to “honor the amazing American workers and companies who have products that are made in America,” according to a White House spokesperson. American manufacturers produce some of the finest and highest-quality material compared to their international counterparts. To showcase their pride in their country and products, domestic manufacturers can make claims for Made in America labeling, as long as that they can prove that all, or virtually all, of the product is of U.S. origin.

Jewelers across the country use precious metals that have been recycled from scrap to craft their masterpieces. However, the Federal Trade Commission (FTC) will not allow jewelers to make a Made in America claim because they cannot prove where the recycled scrap metal was originally mined—a task that is nearly impossible. Precious metals like gold can be recycled indefinitely without damaging its quality. In fact, as much as 90 percent of gold jewelry contains recycled materials that may have been mined centuries ago.

“We applaud the president’s efforts to highlight the amazing manufacturing base we have in this country,” added Paul Miller, executive director, Precious Metals Association of North America. “For some reason, federal bureaucracy has gotten in the way of allowing for certain products to be labeled Made in America, which has cost U.S. businesses millions in lost opportunities. We want to work with the president to clarify rules already in place that should make the Made in America labeling available to U.S. manufacturers, but due to incorrect interpretations of current policies, U.S. manufacturers are being held hostage and losing out on millions of dollars going to overseas competitors,” concluded Miller.

In April, President Trump signed the “Buy American” executive order requiring executive-branch projects to use goods, products, and materials produced in the United States, including steel for infrastructure products. Over half of U.S. steel is produced with scrap metal of unknown origin. It simply does not make sense that the recycling of precious metals would be treated differently. Even the gold in Fort Knox would not qualify as Made in America.

We ask President Trump to take his efforts further in promoting Made in America products by allowing for precious metals recycled in the U.S. to be labeled as Made in America, which currently should be the case if you read the rules and regulations in place today. Mr. President, we need your help in getting the correct interpretation of rules already governing this issue.

Editor’s note—Gold American Eagle and American Buffalo coins are, by law, minted entirely from gold mined in the United States. Some gold and silver bars and rounds from private U.S. firms such as Scottsdale Mint, Sunshine Mint, Republic Metals Corporation, and Mint News Blog sponsor APMEX, however, could conceivably benefit from the policy changes advocated by PMANA.

About the PMANA

The Precious Metals Association of North America (formerly known as the Silver Users Association) is a 501(c)(6) non-profit organization that was established in 1947. It represents the interests of companies that refine, manufacture, trade, and distribute products in which precious metals are an essential component.  The association serves as the precious-metals industry’s connection to Washington D.C.   ❑

 

Facebook Twitter Email

BEFORE YOU COMMENT:

  1. Mint News Blog is not a retail website. If you wish to buy a coin or banknote, you should contact a reputable dealer. One of our sponsors (see ads at left and top of page) may also have what you’re looking for, so be sure to check out their websites.
  2. Per policy, we do not advise on the value, authenticity, or rarity of readers’ coins and banknotes. For this kind of assistance, you should contact a reputable dealer, preferably one who’s certified by the American Numismatic Association and/or the Professional Numismatists Guild.
  3. Vulgar and/or abusive comments will not be tolerated. Nor will trolls.
  4. Allegations of fraudulent or criminal activity against a named party, when said activity has not been proven in a court of law, will be removed.

Comments

  1. cagcrisp says

    16AN 2016 ATB SILVER UNC 5 OZ – FT MLTR 17,326 + 22
    17AJ 2017 ATB SILVER UNC 5 OZ – EFF MNDS 15,474 + 42
    17AK 2017 ATB SILVER UNC 5 OZ – DOUGLASS 15,086 + 258
    17AL 2017 ATB SILVER UNC 5 OZ – OZARK 13,740 +13,740

  2. cagcrisp says

    17XA 2017 AM LIBERTY 24K GOLD 1 OZ 23,572 +160
    17XB 2017 AM LIBERTY SILVER MEDAL (P) 38,685 +489

  3. cagcrisp says

    16XA 2016 WALKING LIBERTY 24K GOLD .5OZ 63,879 +32
    16XC 2016 STANDING LIBERTY 24K GOLD .25OZ 89,711 + 65

  4. cagcrisp says

    Continued Dismal Gold sales…

    17CA 2017 BOYS TOWN GOLD PROOF 1,359 +5
    17CB 2017 BOYS TOWN GOLD UNC 1,801 +7
    17CC 2017 BOYS TOWN SILVER PROOF 21,812 +130
    17CD 2017 BOYS TOWN SILVER UNC 9,387 +30
    17CE 2017 BOYS TOWN CLAD PROOF 15,669 + 58
    17CF 2017 BOYS TOWN CLAD UNC 13,845 +20
    17CG 2017 BOYS TOWN 3-COIN SET 4,926 +15

    17CH 2017 LIONS CLUBS SILVER PROOF 64,189 +97
    17CJ 2017 LIONS CLUBS SILVER UNC 16,082 +15

  5. cagcrisp says

    16EA 2016 AM EAGLE SILVER PROOF 1 OZ 563,367 +437

    16EB 2016 AM EAGLE GOLD PROOF 1 OZ 23,674 +3
    16EC 2016 AM EAGLE GOLD PROOF 1/2 OZ 5,717 +1

    16EG 2016 AM EAGLE SILVER UNC 1 OZ 200,744 +131

    17EA 2017 AM EAGLE SILVER PROOF 1 OZ 288,007 2,584

    17EB 2017 AM EAGLE GOLD PROOF 1 OZ 5,782 +121
    17EC 2017 AM EAGLE GOLD PROOF 1/2 OZ 1,293 +14
    17ED 2017 AM EAGLE GOLD PROOF 1/4 OZ 2,060 +46
    17EE 2017 AM EAGLE GOLD PROOF 1/10 OZ 8,596 + 237
    17EF 2017 AM EAGLE GOLD PROOF 4-COIN SET 7,243 +65

    17EG 2017 AM EAGLE SILVER UNC 1 OZ 117,885 +3,355

    17EH 2017 AM EAGLE GOLD UNC 1 OZ 2,542 +87

    17EJ 2017 AM EAGLE PLATINUM PROOF 1 OZ 8,044 +2,084

    17EL 2017 AM BUFFALO GOLD PROOF 1 OZ 11,741 + 207

  6. cagcrisp says

    JQ1 2015 FS GOLD PROOF 1/2 OZ – TRUMAN 2,681 + 2
    JQ2 2015 FS GOLD UNC 1/2 OZ – TRUMAN 1,883 +2
    JQ4 2015 FS GOLD UNC 1/2 OZ – EISENHWR 2,023 +1
    JQ6 2015 FS GOLD UNC 1/2 OZ – KENNEDY 6,718 +4
    JQ8 2015 FS GOLD UNC 1/2 OZ – JOHNSON 1,799 + 2

    16SA 2016 FS GOLD PROOF 1/2 OZ – NIXON 2,550 + 4
    16SB 2016 FS GOLD UNC 1/2 OZ – NIXON 1,630 + 4
    16SC 2016 FS GOLD PROOF 1/2 OZ – FORD 2,365 + 3
    16SD 2016 FS GOLD UNC 1/2 OZ – FORD 1,622 +5
    16SE 2016 FS GOLD PROOF 1/2 OZ – REAGAN 3,421 +4
    16SF 2016 FS GOLD UNC 1/2 OZ – REAGAN 1,887 +1

  7. cagcrisp says

    The Decline in Launch Week Sales of the “P” puck Continues…

    The 17AL 2017 ATB SILVER UNC 5 OZ – OZARK 13,740 was the Weakest Launch Week since I have been keeping Launch Week Sales numbers. I only go back to 2013 …

    …SO…For sure this is the Weakest “P” puck opening in the Last 18 Ps.

  8. Datadave says

    Looks like P pucks will hit a new low very soon. Each 2017 issue is taking more and more weeks to pass Hawaii. A $50 premium over the bullion pucks is hard to justify. Sixteen more no name places after this year won’t help either.

  9. cagcrisp says

    @data dave, The Mint is having to keep “P” pucks on sale So long that we Currently have 4 “P” puck offerings at the same time.

    In the future, Before the Mint gets the needed sales numbers they want before pulling the offering, it Could end up with the same number of “P” pucks on the website as the FS coins…

  10. earthling says

    Is the Mint planning to finally release those 2009 Proof SAE’s they’ve been holding back on us? Bet they could get some good money for them.

    Or are they waiting for the GSA to “discover” them in a few more years?

    😉😅

  11. Jerry Diekmann says

    Earthling – regarding your comment about the 2009 proof SAEs – well said. If the events of the last several months haven’t already told Americans about how certain individuals in this government are capable of lying, cheating, stealing, and selling our country to an adversarial government for money and flattery, we should not be surprised at anything that comes out from Washington, DC anymore. I’m not sure if the Mint has been affected by the rampant dysfunction and “rolling disclosures” that defines the current administration, but it doesn’t seem to have any idea on how to market its products, going from unlimited mintages to extremely limited mintages and from no household limits to 1 or 5 or 10 household limits, or for that matter, what kinds of coins and medals it even produces, given the terrible designs and wasted opportunities of recent commemorative coins and the gimmicks of various and different finishes on PM and base metal coins alike. The Mint seems to think that by putting lipstick on a pig will fool collectors into thinking they are looking at a Sports Illustrated model, but as Cagcrisp has been reporting, it looks like the collecting community is pushing back on these contrived Mint offerings, as evidenced by the declining sales of all Mint products…

  12. says

    Not to be political – but there’s absolutely nothing the current administration can do without being opposed in a way no president has ever seen. Even when DT does good things he’s criticized. It should tell you something when the media has it in for him – is it possible all this Russian crap is made up? Oh, yes, and CNN admitted it – but that story never got the airtime it deserved. A 15-year producer at CNN admitted there was nothing to the Russian story, and that essentially there was a witch hunt against DT. Look for it if you have an open mind, but the feeding frenzy and hate are not as organic or grass-roots as it’s made to seem – remember the media controls the narrative and they lie like they breathe. I doubt DT will accomplish anything because the elites hate him. He genuinely is trying to make America great again. I’ll put on my flame suit now.

  13. So Krates says

    @ Mike the Greek – That’s like saying Rhett Jeppson and the Mint were really doing a great job, but Louis and his ilk had it in for him and always make all the mint products sound terrible. The real reason for declining quality, sales and profits at the Mint is the coverage from Coin World, the Numismatist, and Whitman.

    While the messenger isn’t always perfect, he is not the one deserving to be shot.

  14. cagcrisp says

    @Dustyroads, Of the FAANG stocks, 3 hit ALL time Highs Yesterday…

    gold bullion, circus coins, Dismal coin sales…

  15. cagcrisp says

    OUCH…

    MCM the Largest Bay coin/bullion/gimmick seller Sold a “Gem Proof” NGC 2017 S Yesterday for $82.18…

  16. data dave says

    @cagcrisp – With respect to the P pucks, I think they decide at the beginning of the year how many to make/order. So for 2017 they probably have already made 17.5K for each design. If sales keep slowing, I’m sure they will lower that to only 15K to 16K per design for 2018. But for the last couple of issues, they could be on sale for a long time, selling 20 per week for a whole year is only 1000. That would only put the Mounds close to 17K. I bet it will ‘last” longer than the others.

  17. Just Another Dave In Pa says

    I still love the ATB pucks. 2018 will see all water sites. Islands and Lakeshores and Voyagers should be nice designs. I hope the Loon and the Piping Plover and the Sea Turtle are still in the designs.

    US coins don’t get much better than these.

  18. cagcrisp says

    @data dave , I pretty much Agree with your analysis. May differ some on the Mintage numbers but the direction and overall analysis is Spot On…

  19. The Real "Cool" Brad says

    Saying “not to be political” doesn’t change the fact that you’ve written a whole post that is political in nature. Also, you seem to forget the amount of hatred sent Obama’s way…like how they wouldn’t even hold a discussion on his supreme court appointee, which remained in nomination for almost 300 days.,..yeah, you must have the same amnesia that is plaguing the administration’s memory of Russian encounters.

  20. Ridgerunner says

    @cagcrisp, you mentioned MCM the Largest Bay coin/bullion/gimmick seller. I just happened to browse the Bay after a post of yours in the last day or two about the 2017 S. What I saw not only from MCM but someone else, they are selling bullion 2017 ASE in US Mint packaging for a nice mark up, the only place that I could tell that it wasn’t a US Mint product for sale to the public was in the details where it said Uncertified. The other dealer was even selling it with a COA.

  21. Buzz Killington says

    I am surprised how few 2017-S ASE coins are offered in the Congratulations packaging. Almost every dollar for sale (and there are A LOT for sale) are slabbed, even if not given a number grade. I think this underscores the fact that the majority of the mintage is NOT in the hands of individual collectors, and therefore will eventually be dumped.

    The issuance of the LESPS will accelerate the dumping — will I be able to pick up one for less than issue price????

  22. cagcrisp says

    @Buzz Killington, “I am surprised how few 2017-S ASE coins are offered in the Congratulations packaging. Almost every dollar for sale (and there are A LOT for sale) are slabbed, even if not given a number grade. I think this underscores the fact that the majority of the mintage is NOT in the hands of individual collectors, and therefore will eventually be dumped.”

    I Agree 100%…

    I’ve Always thought that a Minimum of 65,000 were in the hands of dealers/Big Boys/flippers and that Eventually all those coins will hit the Secondary market…

  23. Buzz Killington says

    @cag

    Not that I have any experience in running a retail operation, but I bet when they break even on the purchase price (total dollars in realized sales = dollars spent buying coins + grading expenses for all coins purchased + overhead), then they can dump the rest at any price, which represents the profit. I expect we will see the tipping point sooner rather than later.

    I like to buy when everyone else is selling, instead of being part of the crowd.

  24. cagcrisp says

    @Buzz Killington, Baron Rothschild once said “Buy when there’s blood in the streets, even if the blood is your own.”

    I’m a Value investor…I’ve tried to catch a Many a falling knife…

  25. Keep Calm & Stack On! says

    I must admit, I’ve grossly over thought this coin stuff for 10 years and counting, there’s only 3 Rules to live by –

    1. FLIP within 45 days

    2. Plan to HOLD collectibles for at least 10 years

    3. Always, always.., BUY as close to spot as possible

  26. Keep Calm & Stack On! says

    Well, we’re NOW within the 14 day window for this thing –

    225th Anniversary Enhanced Uncirculated Coin Set

    I’m beginning to think there’s a reason why we haven’t seen a price attached to it, and it concerns me that my price of $34.95 ain’t the right price.

    Surely not $39.95 or higher!

  27. earthling says

    Mike the Greek

    I hear everything you’re saying and I totally agree with you. Someone has it in for Donald Trump for sure. So who is it? The Media ? Democrats? The Islamic Empire? Professional Career Politicians of all Parties? The Clinton Famiglia? The Russians?

    Well, I actually cast a vote for Trump but it wasn’t really a vote for the Man so much as it was a vote against the Woman (Clinton). If Sanders or Biden had been the Dem Candidate , I would have cast my vote against Trump. I believe it was the same way for the entire nation . There was just something about the Hill that was totally wrong. Trump didn’t beat her so much as she beat herself. Whatever she had was the same quality that I saw in Mitt Romney ( another Politico I couldn’t stand). So if a majority of American Voters are totally fed up with slimy professional sleeze candidates that ooze ugg, someone is in big trouble. Those somebody’s better dump Trump and squash this new movement before they are locked out of the DC Beltway, forever. I’ve already seen an article where one of the other Billionaires expressed an interest in running for President. If Billionaires are in and Professional Politicians are out… … there will be big turmoil. We’re already seeing it. Someone out there is extremely desperate.

  28. Buzz Killington says

    @earthling —

    Your comments about how Trump got elected ring very true for me. I held my nose and voted for HRC, and my dislike of her had less to do with her than I felt I was being told I had to. The Ds bungled their Primary. Like you, I would have been happen to vote for Bernie Sanders, who I believe would work with the “other side” better than the current President.

    The “Deep State” theory of Trump’s failure just doesn’t wash. The Rs are (to their detriment) trying to go along with the guy, and then he backstabs them. “You’d better vote for the House bill if you are a loyal R.” “The House bill was too mean.” There are dozens of other examples.

    I hope the bipartisan lesson here is that the Presidency is no place for a political AND foreign policy neophyte.

  29. Tinto says

    @Keep Calm & Stack On!

    Hope the EU set will be at your predicted price of $34.95 .. but given the EU finish of the coins, “special” packaging … Mint blah, blah. .. I think the price is gonna be higher 🙁 Hope I’m wrong and be pleasantly surprised ..

    I’m planning to get the set in order to have a complete EU type set ..

  30. Louis Golino says

    Coin tip: I will have an article by the end of the week going into details, pro/con etc., but you may be interested to know that the Pobjoy Mint has reported that it was notified by the Royal Mint of the UK that it could not use the word “Britannia” on its 2017 Britannia Rules the Waves 1 oz reverse proof bullion coin for the Falklands, the first bullion coin ever issued for the island to celebrate the anniv. of its liberation by the UK. So they halted production of this version at 7,329 coins out of a max of 50K, and the coins without the logo mentioning Britannia are in production and can be produced up to just under 43K. This is a nice coin that already saw its price reach about $30 before the announcement, and now only a couple sellers are selling them and APMEX, the main US distributor, is no longer taking orders and cancelled orders for the type 1 version. One eBay seller (San Montuno, who also produced the Lunar Skull coins) still has some for $32.95, and I expect prices to move higher as more people learn of what happened. I grabbed a few at this price. More details in my article.

  31. sharks2th says

    @KCSO et.al. – The mint set this year is $20.95 (double the coins with the P and D) and the regular proof set is $26.95 (S). The enhanced set SHOULD come in somewhere in between at $23.95 or $24.95. I do not see any special packaging, other than using the proof set lenses. At the max they should be charging no more than a regular clad proof set ($26.95). Anything more than that and this would be a wait and buy later at a cheaper price product. Any price more than a proof set is price gouging and many collectors won’t bite at prices in the 30s or 40s. The initial selling price is going to determine whether this is a fairly priced product or it is a loser for the mint. If the mint continues to price gouge they will be producing more failing products from a sales number standpoint. They may keep the revenue up, but they will continue to lose customers.

  32. Yes, But...You Can't Take It With You says

    Louis-

    Thanks for the tip on the Falklands (Britannia)! I ordered…

  33. DaveSWFL says

    Louis,
    Thanks for the heads up! Just snagged 3 for family collectors who may ( or may not) be interested.
    Any idea why the regular proofs are so much more expensive than the Reverse Proofs?

  34. Louis Golino says

    @DD- Do you mean the one from 2015? I just learned of that today from the Pobjoy site. I thought APMEX would do one of those Proof/Reverse Proof limited sets, but none so far and not likely now at least with the type 1 Britannia version.

  35. Mint News Blog says

    @Yes, But, I’ve tried every setting I can think of, but it looks like there’s no way to get “you” to make it through the spam filter’s algorithm. The best I can suggest is that you change your screen name to something that sounds similar but doesn’t have “you” in it — like, “Yes, But Y’Can’t Take It With Ya.” (Not that that’s a great suggestion, mind you.) Sorry to be the bearer of bad news; I’d really hoped to solve the problem.

    Diana

  36. Asherspapa says

    Enhanced set price prediction — $49.95 + postage
    The only items previously lacking a price 14 days out are PMs, suggesting something unusual with this set, like an unjustified inflated price tag. I’ll probably be a sap and buy a set regardless of the price, but I hope I’m wrong. The only reason I can think of for suppressing the price is putting off the outrage the high price will spark.

  37. Cheersg says

    First time poster, but long time reader.

    I clicked on the link for the enhanced set when it was posted here several threads ago. This was a couple of weeks ago & it was in the middle of the night, but the link said the price would be $47.95. To be fair, I have not seen this price posted since then, but I do think the price is going to be higher than what everybody wants it to be.

  38. Jerry Diekmann says

    Mike the Greek – if you believe that Trump is making America great again and the media “elite” have it in for this crook, then you had better jump into your flame suit and then jump into some deep water. Sounds like you are part of the troglodyte base that believes DT’s lies and supports and enables him to act like the obsessive lunatic he really is.. Guaranteed he will never appear on any U.S. coin – maybe a Russian coin, but not an American coin.

  39. Daveswfl says

    Louis,
    The 2017 Brittania proof is $ 59.99. The 2017 Reverse Proof is $32.95. Both 1 oz silver !
    I don’t understand why. Any ideas?
    I do notice significant design differences between the coins.

  40. Tinto says

    @Asherspapa
    “..The only reason I can think of for suppressing the price is putting off the outrage the high price will spark…”

    Wouldn’t be surprised if the really big buyers already have a good idea as to what the price will be and budgeted accordingly since there is no HHL ..

  41. Louis Golino says

    @Daveswfl- Where did you see the Rules the Waves proof for that price? I am only aware of a reverse proof for the Falklands apart from a 2015 regular proof for about the price you mentioned on the Pobjoy site.

  42. Louis Golino says

    Boy, I thought KSCO would be all over the Britannia like DJT at a Miss Teen Universe dressing room he ” stumbled” into. Nope. don’t see my pal Vlad here. Must be in the other ladies’ changing room. Better check that one too.

  43. Junior says

    asherspapa says
    July 18, 2017 at 1:18 pm
    Maybe someone should ask him to include Trump brands, too?

    MADE IN THE USA means something! Show some respect!

  44. says

    Which way to that dressing room?

    😃

    Nope, I’m out of coin bongos for a while.., like for the rest of the year,

    Unless though through some wishful thinking and a tad of pixy dust, magic abounds out of no where and appears some Fractional Buffaloes, in which case I have an idling Duece and a Half stuck in reverse parked out back, for said magical moment 😋

  45. says

    Shark2th – I love the analysis, and totally agree with your assessment, though still am of the opinion the mint is going to stick it to collectors

    Maybe we’ll know in the next few days,

    I hope I’m wrong

  46. Yes, But...U Can't Take It With U says

    Diana: Thanks so much for trying. I’ll try this name and if it doesn’t work I have another one waiting in the wings that will be completely different. I know that this will go into moderation regardless because it’s the first time it’s been used.

    Louis: You see that your eBay guy’s price went up a buck already and that he sold 149 in the last 24 hours? Honestly, I’m surprised that he didn’t smell blood in the water and jack up the price a lot more. Again, thanks for giving us here at MNB an advance on your article and a chance to get out in front of the pack.

  47. So Krates says

    Appreciate the tip, Louis

    Aforementioned seller is now @ $33.95 (+$3.95 shipping)

  48. data dave says

    For Big Bird and the other S Mint ATB quarter collectors – someone bought 100 bags of the 100 S mints for all three of the 2017 issues this past week. That’s 10K quarters or 1% of the total expected sales.

  49. Daveswfl says

    Louis ,
    I just entered 2017 Brittania Rules the Waves in coins & currency on the Bay

  50. The Real "Cool" Brad says

    Louis,

    Thanks for the tip as well. Has anyone figured out the regular proof version of this coin? Are there two versions? I read a few articles and they only mention a reverse proof, but I saw a listing on ebay for a regular proof.

  51. cagcrisp says

    I post this On July 1st…And I see No reason to change my opinion…

    “Considering the Mint’ shrinking customer base, declining revenues, declining profits for the majority of its offerings, I wouldn’t put anything past the Mint.

    Whereas KCSO thinks the 225 Enhanced set will be ~ $34.95, I see it closer to $50

    Lower Mintage, fewer coins and Higher prices.

    That’s the way I see it…”

  52. Old Big Bird says

    @data dave – Thanks for the info, I did not have a chance to analysis this weeks output.
    Perhaps someone believes the sold numbers seems low and were stocking up.

  53. Louis Golino says

    @RealCoolBrad- The 2017 only exists in reverse proof. There are graded ones on eBay that are the same but the label from PCGS calls them Proof 70 and 69. The TPG’s are rather inconsistent in how they designate foreign coins with Reverse Proof finishes, sometimes as Prooflike, sometimes as Proof, etc. I have one I got a month ago when the coins were first released, and it clearly is a Reverse Proof.

    However, there was a 2015 regular proof from Pobjoy.

  54. Teach says

    Maybe MCM knows something about how many LESPS will be produced since they are dumping the 2017 S ASE so cheap?

  55. NCM Collector says

    I had a dream last night that an item which I sold on the bay was being returned. I was kind of excited because I regret selling it. When the box arrived it was too small to hold the item that I had sold. Then I woke up.

  56. NCM Collector says

    No provisioning this time with the new name – formerly You Can’t See Me.

    Thanks Diana!

  57. Goat says

    Thanks Louis G.

    Would you or Dustyroads comment on how much the mintage’s might be for the 2017 Libertade proof / bullion gold / silver ? More or less than last year ?
    Thanks

  58. Louis Golino says

    Silver has not been announced. Gold has some of the lowest of the series, but I slammed right now and don’t have to time to look it up. Dealers will be releasing the gold very soon and the mintages should be indicated. What I remember is the 1/4 oz and 1/10th oz. are tied for lowest with some earlier years.

  59. Daveswfl says

    2017 Britannia Rules the Waves now$37.95 + shipping on the bay. Louis must be right and the sellers are using stock drawings and not photos, and thus the apparent differences.
    Apmex former price was $19.36 but out of stock.

  60. Dustyroads says

    Goat, I wish I could say I had the answers to your questions. Libertads are some of my favorite coins, so I’m wondering about the same questions myself. All I can tell you is that the Banco de Mexico is hard to predict, but, I have to believe that the mint in Mexico watches sales and makes judgments accordingly like other mints do. We have seen a drawback in bullion sales in general, so one might think that mintages for the gold bullion coin shouldn’t be any higher than last years. In fact, one might even gamble that mintages may be lower. We just simply have no way of knowing until numbers are released in December. Even then, as we saw with the 2015 gold bullion strikes, numbers could spring up out of thin air, even after the beginning of the next year.
    Simply put, when sales are down, so will mintage numbers be down. As for the other proof silver, and maybe gold too, the Mexican mint in my opinion has been capitalizing on the popularity of their numismatics. So, I probably wouldn’t expect any amazingly low mintages there. Personally, I might look to the 1/4 oz. and 1/2 oz. uncirculated gold Libertads for possible short supply.

  61. asherspapa says

    Numerous eBay pre-sales for the Enhanced Set, as low as $49.49 with free shipping, ranging up to $70+. The big guys must know the price (how?) and based on the offering prices, that Mint price couldn’t be much above $35, or they’re going to lose money.

  62. earthling says

    As far as I care that Enhanced BU Set could drop to $10 on the secondary market and I still wouldn’t want it. Its another form of the clad Proof Set, which I have no need for.

    Now let the Mint put out fractional Buffaloes and I’m backing up my wagon. Me n Mabel would be stacking all the 1/4 oz pieces our warfare checks could handle.

  63. KCSO says

    asherspapa – the Big Boys, nor anyone else knows the pricing at this present time, we’ve seen this behavior before with the S Set, Tribute Winged Headed Liberty, gold HR Liberty and Silver Liberty medal..,

    Some flippers just don’t learn, and we’ve seen these guys get burned in the past, yet someone else steps up to take their place with Pre-Sale listings when they don’t know the price,

    I find it entertaining.., it’s their Time, and their Resources.

    It get’s even better when the Big Boys do it and Pre-Sale PCGS PR70’s ‘S’ ASE, 10 count, for $840 or $890.., now you just beat that gift! So help these Pre-Seller’s move inventory!

  64. KCSO says

    Earthing says, “Now let the Mint put out fractional Buffaloes and I’m backing up my wagon.”

    I like you, and want you to be successful, though please, just don’t leave your wagon to the rear of my Deuce and a Half, should said event occur, it won’t be pretty! 😉

  65. Louis Golino says

    What Dusty said is true in general, but the 2017 gold BU mintages (which it is true could change, though I am only aware of one year – 2015- when it did) have been announced and are:
    1 oz 900
    1/2 oz 700
    1/4 oz. 500!
    1/10th oz 300!!
    1/20th oz. 1K
    Go to Wkipedia and you will understand why the ones with ! are a big deal.
    Now the problem is with so few coins, each dealer gets a tiny allocation, and I expect those who do to up their prices.

  66. cagcrisp says

    @KCSO ” It get’s even better when the Big Boys do it and Pre-Sale PCGS PR70’s ‘S’ ASE, 10 count, for $840 or $890…”

    SOME ….people on this blog bought those $840 or $890 offerings and Flipped them for a Handsome Profit.

    (And…Some …people did not)…

  67. cagcrisp says

    You have to know when to Hold ’em, Know when to Fold ’em, Know when to Walk away, Know when to Run…

  68. earthling says

    KCSO

    If you and your crew are gonna be loading a Duece and a Half that will work out perfectly. I’ll just hide in the shadows with my little red wagon and Mabel and me will quietly scrounge up any fallen items. That way our meager warfare checks will get us a bunch more Quarter Buffalos than could be expected.

  69. Dustyroads says

    Louis, I am unaware that the Banco de Mexico has released a mintage report for the gold BU’s. I see this info no where.

  70. Louis Golino says

    Dusty- It is from Lois and Don Bailey and Son Numismatic Services, one of the mint’s main US distributors.

  71. Tom P. - MA says

    @Dustyroads Those mintage figures were announced by a seller of the coins (they have ads on this site, but I don’t want to get into possible trouble by naming them). It’s always a gamble with the Mexican bullion — 2015 isn’t that long ago.

  72. earthling says

    What’s Hot and What’s Not?

    Hot – Tabasco Scorpion Sauce

    Not Hot – Anything from the US Mint

    Tabasco’s hot new Scorpion Sauce sells out in one day – If you wanted to taste Tabasco’s new Scorpion Sauce, but didn’t get around to it, it may be too late.

    The company released the sauce on Wednesday (July 19) and then tweeted out Thursday that the sauce is sold out.

    _______________________________________________________________

    Did anyone here luck into any of this website only special sauce? If you did I’m willing to bet you could flip it for more than any US Mint stuff.

    👍

  73. KCSO says

    This is ironic –

    Ebay stocks tumbles on tepid 2nd Qtr earnings.., why ironic?

    There hasn’t been much to flip from the mint this year and coins sales have been dismal.

    Come on U.S. Mint, come up with some more good gimmicks for flippers to flip so my ebay stock will hold the line!

    For the record, a VERY sizable percentage of ebay earnings is generated from coins sales.

    May be Amazon will just buy the U.S. Mint and start giving us what we want, and have it delivered within 2 days.

  74. KCSO says

    Hmmmm.., that’s very ironic too,

    Flipp’n sauce, larger gen pop basis, probably gets some food discount, buy in bulk, cult following – that’ll work, sauce to feed my coin addiction 😋

  75. Dustyroads says

    Louis, I thought Pat may have been the one with the info, but have not heard anything from him via email about it. I like him because he surprised me one day with a phone call while he was in Mexico City meeting with the Bank.
    When I read your numbers, the first place I looked was the Don Bailey Numismatics website which contains all the mintage figures, 2017 not included.

    http://donbailey-mexico.com/libertad_mintages.shtml

  76. Frank says

    Item Number: 17XC
    Mintage Limit: 225,000
    Product Limit: 225,000
    Household Order Limit: None

  77. sharks2th says

    The mint is now posting the enhanced set at $29.95 and listing it as “Summer 01 2017”, but the product page still list it as available August 1. It has moved in front of the June 1 date on the schedule page.

    This is still rip off price for a clad set. A bunch of items have the remind me button even though you can buy them now. The mint is obviously working on the webpage tonight.

  78. sharks2th says

    They will probably post the enhanced set price in the federal register later today (Friday) .

  79. NCM Collector says

    On the mint web site:
    people who purchased the enhanced set, also purchased the one ounce platinum proof.
    I’ve seen this before. “People so have purchased this, also purcheased this” Who exactly has purchased this ? It is not for sale yet.
    What algorithm links sales of clad enhanced sets to platinum proofs? A bad one.

  80. Louis Golino says

    Dusty- He sent an e-mail recently and was the first dealer to offer the coins on pre-order and sold
    out right away.

  81. KML in KY says

    Louis – At this time the Falkland Britannia Rules The Waves coin is up to $41.95 on eBay.

    KCSO – Just looked on the US Mint website and the enhanced unc set is priced at $29.95. I’m going to take all my proceeds from Great Collections sales and put it all into these and make my money back LOL. Seriously though I will get a few if I can. I’m not thrilled that it’s a clad set but I want the Kennedy half and don’t want to get it on the secondary market. I’m curious about how the sale of these sets will go. With no HHL I wonder how many HSN, Coin Vault, MCM, etc will buy.

  82. A&L Futures says

    It’s 0511 here on the East coast, and it would seem that the US Mint has removed the clad EU set from its webpage.

  83. cagcrisp says

    @A&L Futures. It’s There…

    Listed as “Summer of 01 2017”

    Listed between May 17 and June 1

  84. The Real "Cool" Brad says

    I have a question for anyone who bought a Britannia Rules the Waves bullion coin from the guy on ebay from Illinois, did he ship them to you already? I don’t recall the listing saying if it was in hand or not. I assume it is, but hasn’t been shipped yet.

  85. sharks2th says

    The price is now firm for the enhanced set. The federal register has the proposed notice posted;

    ACTION: Notice
    SUMMARY: The United States Mint is announcing the price of the 2017 225th Anniversary
    Enhanced Uncirculated Coin Set. Each set will be priced at $29.95. The set will be produced at
    the United States Mint at San Francisco.
    FOR FURTHER INFORMATION CONTACT: Katrina McDow, Marketing Specialist,
    Numismatic and Bullion Directorate; United States Mint; 801 9th Street, NW; Washington, DC
    20220; or call 202-354-8495.

  86. Daveswfl says

    $27 for clad proofs with unlimited mintage vs $30 for enhanced unc limited to 250,000 sets seems within reason. On the other hand, at $19.95, I bet they’d sell out pretty quickly. And maybe even an aftermarket, too. Note how NO clad sets (excepting error sets) have a long term aftermarket with maybe the Truman C&C as the exception.
    Now, if these were REVERSE PROOFS and one time only sets, well then, MAYBE.

  87. So Krates says

    “Note how NO clad sets (excepting error sets) have a long term aftermarket ”

    A decade out and the 2008 clad proof set still does OK. $25-$30. Might be a few more but certainly the exception to the rule.

Leave a Reply

Your email address will not be published. Required fields are marked *