One US Mint Authorized Purchaser has put up a website where, hopefully, the sets can be ordered online mid-January. The site is www.buyamericathebeautifulnow.com. It is not yet functioning, and the exact date of it becoming functional is not known at this time. I encourage potential buyers to bookmark the site and to check back frequently. I doubt the AP’s 3,000 sets will last long insomuch as they will be sold at minimum markups.
One visitor to my 12/28 America the Beautiful turns ugly post commented that the Home Shopping Network was selling 210 sets available at $5,000 a set. I have no idea how one entity came up with 210 sets when the Mint’s APs have been directed to sell “one to a household.” And, I have not taken the time to verify that HSN actually is offering the sets. I don’t care.
This series was supposed to have been a bullion product, which, logically, meant a big production number. But, when the Mint announced that only 33,000 sets of the first five coins were going to be minted, the coins became hot items, partly because of collector interest but mainly because of promoters who thought that they were going to sell the sets to naïve buyers at huge markups. Kudos to the Mint for making an effort to shut down the overpricing of the coins. However, I still suspect that many buyers will pay ridiculously high prices for these coins.
Remember that the Mint plans to offer a “numismatic” version of the coins. They can be bought directly from the Mint’s website. Here, again, you can expect the early releases of the “numismatic” version to be hawked by promoters and on eBay at huge markups. Many promoters are skilled at getting first new releases from the Mint.
This is not my area of expertise, but over my now nearly four decades in the retail gold/silver bullion industry I have observed the collectible side. Most US Mint collectibles do not hold even their Mint premiums, much less the premiums tacked on by telemarketers and Internet promoters. If I were a buyer of these coins—I am not—I would get them at the Mint’s 10% mandated markup or I would not buy them at all.
Another AP may set up still another website where the coins can be bought online. If that happens, I will post a blog about it, and CMI Gold & Silver Inc. will send emails to those interested buyers who have emailed us at info @cmigs.com. (Close the gap between “info” and the @ to make the address work.)
In reality, the series so far has been a real disaster, primarily caused by the limited production number. If the second set of five coins has increased production numbers, you can expect promoters to ask astronomical prices for the first five coins.