Silver Krugerrands: ModernCoinMart, GovMint to Be Sole North American Distributors

2017-krugerrand-silver

UPDATE (12-14-16)—In a December 5 press release to its distributors, the South African Mint stated that, due to damage to the first shipment of coins, the release of the silver Krugerrand would be delayed.

UPDATE (11-21-16)—GovMint.com has announced that the official release date of the silver Krugerrand will be December 5, 2016. The mintage, released earlier in November, has been set at 1 million.


(Press release)—2017 marks the milestone 50th anniversary of the world’s first modern gold bullion coin: the South African gold Krugerrand. The Krugerrand has been the model for all other bullion coins issued since its 1967 debut. But no South African Silver Krugerrand coin has ever been issued—until now. Its release is expected to be cheered by collectors worldwide as a memorable and affordable way to mark the 50th anniversary of the Krugerrand legacy.

The dies for the 2017 silver Krugerrand have been digitally enhanced through innovative laser-etching technology not available in 1967. The results are razor-sharp detail, highlights, and shading not seen on a Krugerrand coin before. The first 2017 Krugerrands to showcase this technology will be premium Uncirculated silver coins, officially distributed to American collectors exclusively by two companies: GovMint.com and ModernCoinMart.com.

“The Krugerrand is one of the most respected and collected coins of the last century,” said Bill Gale, president of GovMint.com and ModernCoinMart. “We are honored to be named by the South African Mint as the exclusive U.S. distributor for the 2017 premium Uncirculated Silver Krugerrand. It is a fitting tribute to the 50th anniversary of this landmark coin. The Krugerrand legacy truly endures.”

For more information, contact GovMint.com at (952) 707-7120, or ModernCoinMart.com at (941) 467-7977.

This press release was provided by ModernCoinMart.com.  ❑

The headline was corrected on Nov. 12 to remove platinum, which is not mentioned in the press release. Mint News Blog apologizes for the error.

Facebook Twitter Email

Comments

  1. Imwithher says

    Nothing like copy and paste hey MINT NEWS BLOG. You probably need to promote all sellers of coins now.

  2. Mint News Blog says

    Sadly, MNB won’t get a cent from any clicks generated from this post. I don’t know whether these retailers have an affiliate program, but if they do, MNB isn’t a part of it. The information is provided for anyone who has an interest in purchasing these coins but doesn’t know where to buy them. The South Africa Mint seems to be actively discouraging direct purchases with their inconvenient ordering process.

  3. Tom P. - MA says

    Looks like some people still can’t accept the election results and are taking it out elsewhere.

    I will be picky though and say this should be on the World Blog and not this one.

  4. cagcrisp says

    @IPS_STUFF, “@Cagcrisp, I just wonder if we are looking at some large waves that will level out in the next week or two”

    It may have already started to level out. This isn’t a new leg on a bull market (stocks) or a bear market (metals). There was just a lot of money on the sidelines waiting for the election to be over and now some policy decisions have clarity and people are positioning their portfolios accordingly…

  5. Imwithher says

    You should let history be judge of BIG IDEA’s as to date. I only heard words and nothing else. 100 days lets see.

  6. Mattarch says

    If the silver Krugerrand price is near the silver spot price I will purchase one. If significantly more expensive then it is a trinket and I will not purchase.

  7. M says

    Regarding comments about not purchasing if more than the price of silver. Why should coin retailers be prevented from selling products with a normal retail markup making little profit when the rest of the world can sell stuff that is much cheaper to make than stunning coins,,,with huge margins. i.e. jewelery…all household items bought at any common retailer…etc…

  8. Imwithher says

    Like the Don said we are ONLY going to make good deals for ourselves, will not buy if overly priced gold or silver.

  9. mark says

    Counterfeit Morgan dollars on Ebay. Every morning I am checking out Ebay and see over and over again counterfeit Morgans with bids on them. These are always a new listing with zero feedback and they list 5 coins, and are shipped out by china post. The listing will say morgan dollar but some are seated dollars, just the bait for you to bid. I have reported a few of these to ebay but I don’t think they care. So if you are looking for counterfeit Morgan Dollars Ebay is the place.

  10. cagcrisp says

    In this thread title it mentions Platinum. I can not see anywhere in MCM’s or GovMint’s releases that state they will be the sole North American distributors for the Platinum Krugerrand.

    There will be limited mintage of 500,000 Silver Krugerrands in “Premium” uncirculated.
    There will be limited mintage of 15,000 Silver Proofs.
    There will be limited mintage of 1,967 (50th year anniversary) .9999 proof Platinum Krugerrands.
    There will be limited mintage of 50,000 in 1/50 oz. Proof Gold Krugerrands.
    There will be limited mintage of 20,000 in 1/20 oz. Proof Gold Krugerrands.
    There will be limited mintage of 500 in 5 oz. Proof Gold Krugerrands.
    There will be limited mintage of 50 in 50 oz. Proof Gold Krugerrands.

  11. cagcrisp says

    Evidentially the $95.00 BIN pricing for the Eisenhower was Not moving enough product Fast enough, the price now has been lowered Again to $90.00 BIN.

    More than 10 Available at $90.00…

  12. Mint News Blog says

    Cag, are you sure you’re an accountant and not an editor? You’re right, the press release doesn’t say platinum, just silver. I’ll correct the headline (although I’m tempted to just pull the post).

    @Koichi Ito, I’m keeping an eye out for news of other distributors and will post on World Mint News Blog as soon as I find out.

  13. Erik H says

    Is there anyway to just change the URL to the “world” side without actually pulling the post & comments?

    I wonder why we can’t get a release date on these. I guess they want to hype them up as much as possible.

  14. GoldFishin says

    Diana…….A Troll under any other NAME is still a Troll. Namely, the same person.

    While, I agree that this subject is probably best posted over at the World Mint News Blog, I think most people understand that this is a slow time of year for US Mint products.

    Don’t feel like you have to defend yourself against these agitators. You play right into their childish game. Just present what you think is relevant and let it go. The silent majority wishes for this blog to continue and prosper. It has been a part of many of our lives for many years. FWIW

  15. Erik H says

    I do hope these are not over inflated bullion pieces, MCM does seem a little pricier than a few years back on certin foreign silver items.

  16. Datadave says

    Someone mentioned being harassed on the phone by a bullion dealer. I have always made it very clear Do Not Call Me!!! Send me you great deals via email. This has worked and I only get emails and occasional catalogs.

    As for the topic on this thread I think once in a while it is fine to stray a little, just like the comments I don’t have time to read two blogs.

  17. Louis Golino, Author says

    Re: the other 2017 Krugerrands, I asked MCM and was told they expect to get all of those versions, but the announcement from this week only concerns the silver.

  18. Goat says

    I don’t have time to read two blogs.
    @ Datadave;
    Won’t take long to read (World Mint News Blog), 31 post on the last 10 treads. I have hoped for that to change over the years but all the news is here.

  19. Barry says

    Regarding E-bay, I wish they would have a setting to screen out merchandise that is not located in the US that could be left turned on or off as the user wishes . I hate having to click on the US button for each coin search or other searches as I want. E-Bay no doubt welcomes the Chinese counterfeit coins as they do little to address the problem. I got tired of referring Perth mint copies to them being sold out of China. I never got scammed by them but, I hate that garbage showing up in the search results all the time.

  20. So Krates says

    I’d like the focus on the coin and not the seller. Please present all the coin info possible (like the mintages cagcrisp included in his comment) and perhaps a link to the press release. To avoid the impression of promoting the dealer, instead of making it the headline, a small note at the end about where to purchase would have sufficed.

    “The first 2017 Krugerrands to showcase this technology will be premium Uncirculated silver coins…”

    I expect the mint and the dealers to hype up a coin but MNB should try to avoid adding extra sales adjectives. I don’t know what ,if any, the difference is between “premium Uncirculated” and “business strike” or “bullion version”. If they decided to call them “2017 Superior Collector Silver Krugerrands” or even “super-duper”, lol, I would hope MNB would not describe them as such.

  21. Mint News Blog says

    LOL, fair point, So Krates. But wouldn’t “SD” be a lot easier to fit on a slab than “MS-xx DMPL”? 😉 (Actually, I did delete a bit of sales-pitch from the press release, but your point is taken.)

    For what it’s worth, the Mint has posted images of the Fort Moultrie 5-oz. Unc. and bullion coins. While prepping the post for Coin Update, I discovered that, for all that the TR puck didn’t break any sales records, it was the only one this year to reach 17,000 in just four weeks. The other coins took 10 to 13 weeks to sell that many. Which has nothing to do with Krugerrands; I just thought it was interesting.

  22. Tom P. - MA says

    First off I would like to thank Diana for mentioning this because as bobo says MCM seems to be more expensive than the competition.

    Now I won’t ignore the MCM email, and I will order right away for the silver piece as long as it’s under $100.

  23. Tom P. - MA says

    @ So Krates the only silver bullion pieces in the world I refuse to buy are the Somali ones. It’s still not really an organized country at this point.

  24. Erik H says

    Bobo, see my earlier post about MCM prices. They still have great deals from time to time, just not during the early/opening frenzy.

    MCM is one of my top 4 modern dealers. JM Bullion, Provident & APMEX are the other three I search for deals from.

    In this case MCM has the initial market cornered. The middle man dealers that buy from them will receive a bulk discount but that will push down their margins. I’ll just buy from the first source and get them early.

  25. Imwithher says

    Lets drain the middle man. Boycott all greedy and corrupt companies buy direct from the source.

  26. Erik H says

    Imwith…, the Rand Mint isn’t selling direct to customers, that’s why this article was published. It’s no different than the US Mint selling to Authorize Purchasers except the US Mint has multiple APs (competition) and the Rand Mint is only using 1 distributor in the US (no competition). You could buy from outside the US if you find another source otherwise just buy from MCM/Govmint.

  27. cagcrisp says

    500,000 Bullion Silver Krugerrand coins. This is the first year. It will not be the last year. Sooner or later all world mints will learn that Bullion is the way to go.

    The US Mint needs to start making Silver in denominations Higher than 5 oz. They need to get in the numbered/yearly bar business.

    The US Mint is already the #1 Bullion 1 oz. Silver in the world. They need to be the #1 Bullion bar in the world.

    No need to have a summit. Just give the customers what they want. Bullion bullion bullion. Close to spot as possible. Two way street. Buy, Sell and Trade…

  28. Barry says

    I agree they need to have more bullion options. Maybe I’m wrong but, I don’t hear of the mint pressuring Congress to loosen the reigns some. It seems they just go along the path they are told.

  29. Goat says

    Cagcrisp

    I would like many Platinum Krugerrand but I think the middle man will have a high mark on this one. What price range do you think ? Thanks

  30. cagcrisp says

    @Goat ?? Platinum ?? There are only going to be 1,967 platinum coins worldwide

    The premium will be through the roof . I would guess between $2,000-$3,000.

    Depends on how greedy they won’t to be…

  31. fmtransmitter says

    The highest silver coin ever released it says but I know the Polish Mint made that 3 edge that weighed more, I think 4 oz.

  32. fmtransmitter says

    Then there was a 6oz version, of which only 2,500 were minted…That is the coolest coin IMHO I have ever seen so far as far as a art. Those Tiffany glass coins were a pretty penny and sold out fast. Never could find one for a fair price…

  33. A&L Futures says

    2016 SP70 ANACS FDOI (178) Walking Liberty 24K Gold Half Dollar

    Get yours today, $1,799.00 HSN

    LMAOWROTF

  34. Old Big Bird says

    @ A&L Futures – thanks for noticing that The Great Mike Mizack of HSN can already have 178 SP70 for sale when they will not be released until 11/17. So can any of the great sages on this blog explain how he can have them slab and know he has 178 at SP70 First Day Of Issue. How about he gets his supply before everyone else??

  35. cagcrisp says

    Gold PM fix $1,213.60.

    We just have to Average under $1,257.74 AND Wednesday PM fix under $1,250.00.

    ALL thinking about buying Gold, need to wait until Wednesday PM or Thursday PM to save on price or shipping…

  36. Goat says

    On T.V. there is an ad form the U.S. Mint for the National Park commemorative coins (been on for a week now that I know of). Curious if there is many more sold than usual .

  37. earthling says

    Those Ft Moultrie Quarters are up for sale on the US Mint website. Anyone interested? I think I’ll order a few rolls just out of my addiction to clicking from work.

  38. JBK says

    My vote is that I am OK with this story being posted here. It is good information to know, and being that it is bullion (assuming no ridiculous mark-up) it will appeal to US collectors/investors and might provide a small bit of competition for the Silver Eagle.

  39. data dave says

    @Old Big Bird – Standard overhand the market move. Question is how many do they have to buy to get 178 SP70s? I still think if the big boys think 70K is the right number, the HHL of 3 won’t stop them from buying as many as they want. Anybody get any offers to buy for the big boys?

  40. Old Big Bird says

    @ data dave – you may be correct but if you went on HSN site you will see it already in a slab. Of course it could be photo shopped or they get a pre release quantity.

  41. Old Big Bird says

    @ data dave – my faith in our government departments being honest is now slim to none. And this has nothing to do on which side you are on Democrat or Republican!

  42. Mint News Blog says

    @Old Big Bird, I just took a close look at the image, and I’m 99.999% sure it’s Photoshopped. Some other retailers do the same thing; a week ago I was very annoyed to see images of the Ft. Moultrie 5-oz. Uncirculated coin, in a tube of coins, before the image had even been released on the Mint’s site. But when I got really close, I saw they’d take the image of the regular Ft. Moultrie quarter, cropped of the edge reeding, and very cleverly pasted it on top of the Uncirculated coin in the image. The HSN example is pretty well done, but if you know what to look for, you can tell. — Diana

  43. cagcrisp says

    @JBK “and being that it is bullion (assuming no ridiculous mark-up) ”

    That’s almost funny. Thinking that MCM and GovMint will have exclusive rights and NOT have a ridiculous mark-up.

    I guess everyone has there own idea of what is and what is not “ridiculous “.

    I will make a Bold prediction. This series will be a VERY good investment for some investors…

  44. So Krates says

    “This series will be a VERY good investment for some investors…”

    Better than a low serial numbered RCM 10 oz. silver bar with FleaBay logo? 😉

  45. Gary Not Dave says

    The reason they know they have 178 SP 70 is because its ANACS Slabs…HSN has been in bed with them for a long time. Used to be ICG but they all did a big flip flop. ANACS and ICG is basically just bullion coin in a holder. Its sad but there are suckers out there buying from them. I would imagine there only buyers are the elder who aren’t computer savvy and can’t do research. I think there are people in this world who don’t know they can order coins from the U.S. Mint.
    Very Sad! : (

  46. fmtransmitter says

    Agree w Gary not Dave, why the ANACS slabs don’t hold up to collectors and other dealers won’t buy em…That is all i will say about them and ICG…Stick with the pros IMHO, NGC…I don’t even like PCGS anymore…

  47. fmtransmitter says

    If you live in larger city and see a sign that says we buy coins, it will say NGC or PCGS only. I hate seeing people getting ripped off but if you build it, they will come…

  48. So Krates says

    As I have stated here many times before, the modern bullion coins “graded” by ANACS have no consistent standards.

    However, they do use strict guidelines for most other coins and often grade tougher than NGC, especially on old gold.

    Many bargains are to be found in ANACS and ICG holders because the knee jerk opinions expressed above are common.

  49. So Krates says

    FMT – Thanks for the link. The Poles should be proud – that spherical “coin” is awesome. They have a bad-ass 7 oz silver sphere, and we have Boys Town and arm pit hairs.

    I thought that springbok “coin” you linked the other day pushes the definition of a coin too far. That thing is like a sculpture. When the device height is way out of proportion to the rim it gets silly. I used to have a pop-up round that had slots so you could stand up the separate World Trade Center and a ship inserts to make it 3-D.

  50. Numismatrix says

    If I need a coin “for the coin” I will more often than not
    “settle” for the ANACS and ICG versions. They are
    accurately and fairly graded. It matters not
    in the least to yours truly if the PCGS/NGC pop.
    on said coin is “1” or in single digits. and thus should
    command an exorbitant premium. Case in point :
    the Sacagawea dollar was first released in proof
    version in 2000, & the first PCGS 70DCAM sold for
    over $4000 on Teletrade. I picked up a copy of
    same coin (PCGS 70DCAM) for about $20 with a
    Diehl signature enhancement. The TPGs should
    stop playing the fool on this issue.

  51. Barry says

    I bought a few silver coins ( Caribbean ) in ANACS and ICG holders for a couple dollars more than the raw coins which were a little over spot. I knew they weren’t as well liked as NGC or PCGS but, I was l wasn’t so concerned with the grade and I figured the coins were at least authenticated and had some protection being in the slabs.

  52. Gary Not Dave says

    @So Krates
    Take all the ANACS and ICG deals you want. They just aren’t for me IMHKJO! Thanks

  53. Barry says

    fyi – related to cashless society- Recently India’s decided to make 500 ( about $ 7.50 US) and 1000 (about $15.00 US) rupee notes void ? Long lines at banks and people spending the notes before they expire in a short period of time and become worthless. Just do a search on the subject if your not aware. The IMF apparently gave its blessing to the move in one of the articles I read.

  54. So Krates says

    Gary not Dave – I hate to be cliche, but I buy the coin – not the holder. Your comments make it sound like you might do the opposite.

    I don’t ignore the holder, but I concentrate on the coin. There are lots of coins in PCGS and NGC holders that are over graded or more often, “weak” for the grade. There are some “strong” for the grade coins in ANACS holders (not modern bullion). Your complete avoidance of ANACS and ICG is not enough to ensure your coins are not over graded. If you just buy PCGS and NGC coins sight unseen you will end up with some weak coins. If one is unable to evaluate the coin compared to the grade, CAC does a good job of grading the grade.

    I don’t personally submit coins to ANACS or ICG but I will buy coins in their holders. I would think if one buys raw coins it would be contradictory to shun second tier slabs. If simply just can’t stand the label, you always have the option to crack out the coin and turn it raw, or submit it to a first tier TPG for crossover service.

    As always, buy what you like

  55. Barry says

    Peter – Even so , I’m sure more many more innocent people were hurt than the number of criminals. People will turn even more to PM’s for trade if they lose confidence in the currency.

  56. Sith says

    @fmtransmitter – I’m losing heart with NGC. I was looking at a NGC encapsulate coin, that contained a counterstamp, and the coin was labeled under the counterstamped. However when I checked the certification (on their own website) it was clearly labeled under the base coin, with a countermark. I was curious about that label change, not only because the obvious increase in the coins value, but NGC had refused to encapsulate a coin I sent in even under the base coin. IE they refused to encapsulate my coin, but not only had they encapsulated a similar coin for a big boy, they then changed the label to reflect an official counterstamp, rather than a countermark. I asked NGC several time to explain their criteria, and all I heard was crickets. As a FYI I sent a similar coin to ICG, and they encapsulate the coin, under a details grade, with the countermark (in this case it was a merchants countermark) being labeled as damage

  57. Gary Not Dave says

    @So Krates
    You got me…you know me so well!! IYOKJO!
    This is what we have come to in this society, people hide behind their computers judging people. My comments I expressed were my opinion, in which some agree and some don’t. This wasn’t an opinion of you, this was an opinion on a product. Maybe keep your opinion on the topic and not the person. If you like buying ANACS and ICG..go for it. but trust me your opinion isn’t going to change the minds of people who have already decided they don’t like them..Trust me..your not that good!

  58. Goat says

    @ cagcrisp;
    You posting the numbers on U.S. mint weekly sales ? With the ad’s from the U.S. Mint for the National Park commemorative coins (been on for a week now that I know of). Curious if there is more sold than usual .
    Thanks

  59. So Krates says

    @ Gary Not Dave – I thought my comment was reasonably respectful. I’m sorry if you feel personally attacked, that was not my intent. You should not take my disagreement with your opinion as ad hominem.

    Please let us old folks know what the KJ in IMHKJO stands for? and also IYOKJO ??

  60. Gary Not Dave says

    So Krates says

    November 15, 2016 at 7:04 am

    Gary not Dave – I hate to be cliche, but I buy the coin – not the holder. Your comments make it sound like you might do the opposite.

    This was crap..the rest of the paragraph was fine and I respect your opinion on the subject. There is no need to dissect me..because you have no idea who I am.

    So this could be construed to be an argument or reaction directed against a person rather than the position they are maintaining.

  61. So Krates says

    Gary Not Dave – NOT buying a coin because of it’s holder is in principal the same as buying a coin because of it’s holder. In both cases the buyer is not evaluating the coin on it’s own terms but letting the holder influence the decision.

  62. data dave says

    Not many posts leading up to what I think will be the Mint’s biggest release of the year. 70K at $865 is $60M which I think puts it at the top of the Mint’s list of revenue generators. The generous markup probably will ensure the biggest profit margin also. I only plan to buy one and I don’t really care if it sells out or not. I love the Walker design and I want to have a gold version just for kicks.

    My prediction is a sellout in 4 hours.

    Here is my math. Assume the big boys want to gather up a hoard and are willing to shell out $50 to get people to order for them. With the gold dime that worked out to $5 a piece (HHL of 10) on a $200 coin or 2.5%. For the gold quarter that worked out to $50 a piece (HHL of 1) on a $500 coin or 10%. For the gold half that works out to $20 a piece (HHL of 3) on a $865 coin or 2.5%.

    Based on total mintages, the half will be the lowest of the series.

    Based on collectors, there are more half collectors than dime and quarter collectors.

    Based on cost, this is the most expensive item and that will possibly work against it.

    What do you think?

  63. cagcrisp says

    16AK 2016 ATB SILVER UNC 5 OZ – CMBRLND 18,393 + 44
    16AL 2016 ATB SILVER UNC 5 OZ – HARP FRY 17,696 +84
    16AM 2016 ATB SILVER UNC 5 OZ – ROOSEVLT 17,900 + 341

  64. cagcrisp says

    16CA 2016 NATIONAL PARK SERVICE GOLD PROOF 4,420 +20
    16CB 2016 NATIONAL PARK SERVICE GOLD UNC 3,376 + 96
    16CC 2016 NATIONAL PARK SERVICE SILVER PROOF 55,665 + 359
    16CD 2016 NATIONAL PARK SERVICE SILVER UNC 19,112 + 120
    16CE 2016 NATIONAL PARK SERVICE CLAD PROOF 35,865 +180
    16CF 2016 NATIONAL PARK SERVICE CLAD UNC 17,309 +110
    16CG 2016 NATIONAL PARK SERVICE 3-COIN SET 13,353 +66

    16CH 2016 MARK TWAIN GOLD PROOF 12,513 +41
    16CJ 2016 MARK TWAIN GOLD UNC 5,389 +16
    16CK 2016 MARK TWAIN SILVER PROOF 73,905 +368
    16CL 2016 MARK TWAIN SILVER UNC 24,899 +77

  65. cagcrisp says

    16EA 2016 AM EAGLE SILVER PROOF 1 OZ 451,641 +10,703

    16EB 2016 AM EAGLE GOLD PROOF 1 OZ 19,919 + 74
    16EC 2016 AM EAGLE GOLD PROOF 1/2 OZ 4,743 + 56
    16ED 2016 AM EAGLE GOLD PROOF 1/4 OZ 7,106 + 71
    16EE 2016 AM EAGLE GOLD PROOF 1/10 OZ 18,790 +257
    16EF 2016 AM EAGLE GOLD PROOF 4-COIN SET 14,445 + 281
    16EH 2016 AM EAGLE GOLD UNC 1 OZ 5,970 +134

    16EJ 2016 AM EAGLE PLATINUM PROOF 1 OZ 9,151 –

    16EL 2016 AM BUFFALO GOLD PROOF 1 OZ 20,481 + 244

  66. cagcrisp says

    16SA 2016 FS GOLD PROOF 1/2 OZ – NIXON 2,316 + 10
    16SB 2016 FS GOLD UNC 1/2 OZ – NIXON 1,373 +5
    16SC 2016 FS GOLD PROOF 1/2 OZ – FORD 2,041 + 19
    16SD 2016 FS GOLD UNC 1/2 OZ – FORD 1,309 + 5
    16SE 2016 FS GOLD PROOF 1/2 OZ – REAGAN 2,992 + 25
    16SF 2016 FS GOLD UNC 1/2 OZ – REAGAN 1,614 +10

    JQ1 2015 FS GOLD PROOF 1/2 OZ – TRUMAN 2,558 +4
    JQ2 2015 FS GOLD UNC 1/2 OZ – TRUMAN 1,786 +1
    JQ4 2015 FS GOLD UNC 1/2 OZ – EISENHWR 1,878 + 3
    JQ6 2015 FS GOLD UNC 1/2 OZ – KENNEDY 6,319 + 5
    JQ7 2015 FS GOLD PROOF 1/2 OZ – JOHNSON 2,570 +6
    JQ8 2015 FS GOLD UNC 1/2 OZ – JOHNSON 1,691 + 3

  67. Dustyroads says

    Data, I suspect that there aren’t many comments on the WL1/2 because everyone here is concerned. Plus it has been a very expensive year, as KCSO kept reminding everyone it would be. I think there may be enough buyers plus some buying more than one to reach 50,000. That would mean the big boys would only need to buy 20,000. This no doubt is the most popular and anticipated release thus far, so I’m expecting maybe something more than what most are thinking will happen. Lets remember we’re getting a reverse Walking Liberty design as well, not just an obverse we have been hoarding for thirty years.

  68. Gary Not Dave says

    @So Krates
    I am no where near the Professional Coin Collector you are with only having 23 years experience compared to your 107 years experience. But I have purchased many Graded coins and I, just myself, that’s just me, not you, feel more comfortable purchasing coins graded by NGC and PCGS rather than ICG and ANACS. I will buy NGC and PCGS sight unseen even. No matter how much you plea and whine about it. I wont waste my time with ANACS and ICG. You should be happy though, that’s one less guy competing with you for those coins. Do you need others to believe that to make you feel better about ANACS and ICG?

  69. earthling says

    The drop in Silver has me pondering a big buy ( big for me anyway). I think I want to buy 500 Silver Brittanias. Any suggestions for a good seller?

  70. cagcrisp says

    @ data Dave, I admire that you have taken a strong stand Before Launch and not waiting to red board the blog after the fact.

    I agree that it is the Most anticipated offering of the year and was my THE coin for 2016.

    The problem I have with your analysis is big boy/dealer participation. I just question their participation. Now I know most big boys/dealers don’t sell on the bay, however, some that are cannot compete with texasgse pricing. Look at completed sales on the bay for the WHL and the SLQ and you can see for virtually anyone wanting a graded 70 that it is cheaper to buy on the bay than it is to purchase from the Mint and submit and hope you get a 70 vs. 69.

    Currently WHL are selling for less (on average) in graded 70 vs. raw. The SLQ are not because there has not been a sellout.

    Dealers for graded coins have been burned with the release of the WHL , the Liberty Silver medals and the SLQ. There’s just a razor thin profit margin on these coins. How many times are they going to go to the well?

    I just question how many big boys/dealers will step up to the plate. These guys aren’t in it fo their health. No profit potential means No purchase .

    My guesstimate for Launch Day sales is 47,893.

    Again, thanks for going out there on that Sell Out limb. Someone’s sawing on the limb. Just hope you’re on the right side when the limb comes crashing down…

  71. fmtransmitter says

    @Sith: I know ANY TPG will have issues here and there with certain types of grades. I read So Krates statement and I agree, if you are able to go to a coin show and view the actual coin, regardless of holder, you should base your buying judgement on the coin. Of course, that takes a bit of grading knowledge but I do know ALL the TPG’s including ANANCS and ICG will cater to large submitters. I have heard big dealers only pay about $3 to $4 per coin on orders of 100 or more…Mostly moderns, which are easy, 69, 70..lol

  72. fmtransmitter says

    It is funny to listen to HSN guy muster all the coins he had to buy to get to the 70’s, he never mentions he sent the rest back! So I see how can be assured he will X amount of 70’s based on his buying power and dealer network in place…

  73. So Krates says

    Gary Not Dave – It seems despite complaining of an imaginary personal attack and receiving an apology, you have actively engaged in the very same behavior of which you have accused me.

    Honestly, I do not care what you buy or don’t buy. The points I was trying to make were mostly for the larger audience.

  74. earthling says

    I get the feeling the formerly very active Flipping Game has devolved into the US Mint flipping PM Planchets to who ever is out there to catch the overpriced crumbs. They use the same old Silver, Gold and Platinum Eagle planchets, strike a different image on them , and attach an inflated premium. Pack em into cheap Chinese Boxes and move em out.

  75. Mint News Blog says

    I came across this on a Cointalk thread via Reddit. I’m not sure it’s 100% real, as anyone can type up a fake customer-service email, but for what it’s worth: This writer says he emailed APMEX and that they will be stocking the silver Krugerrands in January. https://www.cointalk.com/threads/2017-silver-krugerrand.285264/page-2#post-2563349

    If the email is real and the statement is accurate, perhaps Bill Gale should have said “official” instead of “exclusive” — ?

  76. says

    Hi everyone,

    I work for MCM and want to clear up any confusion. MCM is the official North American distributor for the upcoming 2017 Premium Uncirculated Silver Krugerrand. This means that when these launch in the United States, we will be who you can order them from first.

    We are releasing regular updates and will be letting people who sign up to be notified first when they are available for sale. You can get on that list here: https://www.moderncoinmart.com/silver-krugerrand/

    Please let me know if there is anything else I can clarify!

  77. Mint News Blog says

    For those who’ve been wondering about retailers who advertise U.S. Mint releases before they’re available, Dave Harper has the following blog post the Numismatic News site: http://www.numismaticnews.net/buzz/wait-golden-reward

    In particular, he quotes the Mint as saying, “Unfortunately, we cannot restrict any company from making claims that they have the coins available for sale. However, we can assure all our customers that no firm or individual has any Gold Walking Liberty coins—despite whatever claims they may make. We can also assure our customers—and your readers—that the coin will be offered on our website or through our call center at a price that is far below what your reader may have heard or seen on a shopping network.”

  78. So Krates says

    @ Kelsey Howard – So MCM/Govt. Mint is or is not the EXCLUSIVE North American distributor?

    Thank you

  79. says

    @ Kelsey Howard
    We get that MCM and GovMint have the “exclusive official North American distribtorship” for the Silver Krugerrand. You also stated that it means that “we can buy the coin from them first”. That doesn’t necessarily mean that we can’t also buy the coin from other coin dealers first according to the wording of your statement.
    So to clarify, will other major dealers like Apmex be able to sell the coin in the US or does your official and exclusive distributorship prevent that? You seem to have been dancing around the wording being used.
    Respectfully,
    Rodney

  80. says

    Some European dealers are already sold out, all the 1 million coins are already distributed to dealers, the mint is sold out 🙁

  81. RODNEY MOORE says

    @ Eve G.

    I don’t think the mint is “sold out”. I think that the mint has stopped offering them for sale for the time being until they get the situation sorted out and will resume sales. It’s a 2017 coin and 2017 hasn’t even got here yet so it’s a bit premature to say the mint has sold out..

    Some of the distributors in the US say that the mint will restrike the coins. The mint will also get almost a million coins back in returns and they may even go through that and pick the bad ones out and sell the good ones. And that is in addition to them resuming production of them.

Leave a Reply

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