2013 American Eagle West Point Two-Coin Silver Set Sales 5/20 - 5/21

Hello! I was on a 3 day vacation and got back not too long ago. I needed the time away from work. I didn't win the Powerball so I figured I might as well take some time off. 

I was in the forest without any internet access. I, not wanting to miss the updated number for Monday, borrowed a smart phone. Surprisingly the # was 199802! I give up on trying to call any sort of pattern at this point. That would make the amount sold 3068 which was -14 sets from the last update. 

Now this brings us to today.

4299 sets sold! Up and down. Probably easier to play the stock market at this point. (How bout that Microsoft!) This will definitely beat last year's number. This is pretty fun to watch at this point. I bet the Mint thinks so too.

Royal Canadian Mint 2013 Bison $100 for $100 Fine Silver Coin

So if you have not heard yet, the Royal Canadian Mint is selling a $100 Silver Coin. This offering is following the example of the $20 for a $20 silver coin offering. It shows 3 bison running through a field. The coin is 31.6 grams of 99.99% silver and has a mintage limit of 50,000. Coincidentally, when this went on sale, there was a household limit of 3. The coin looks great. There is no doubt about that. I however have issues with the fact that they are stating it is legal tender at $100. 

I love the RCM. Their products are great quality - except the white spots on bullion but again it is supposedly bullion. You run into an a story like this one.

"They’re both correct, says Royal Canadian Mint Alex Reeves.

He explains all coins produced by the mint are legal tender – meaning they can be exchanged for goods or services at face value – but only circulating legal tender can be readily spent and traded at business and banks.

Non-circulating legal tender refers to items like Fokine’s silver coins and designated collectibles. Reeves says business can accept the money at face value if they choose, but they’re also free to reject it.

“There’s nothing forcing a bank or a business to accept (the coin),” Reeves says. “If someone offers me a gold Maple Leaf (coin) for $50 face value I’d be crazy not to take it, but it’s still a coin that’s not destined for circulation.”

The article goes on to say that he can change it in at a bank for the face value but only after that particular bank held onto it for 6 months. Again the design is great. However, if I cannot readily spend the coin, then you can print $10,000 on there and it wouldn't matter. I have bought plenty of coins at this point that show $1 as face value and I really didn't mind it as the silver content would hold the value. 

This particular coin has only an ounce of silver content and the value is supposedly supported by the 100 Dollars stamped on it. As a design I say buy it. If you were looking to buy it because it is worth $100 dollars then I will tell you not to buy it. For me, I am passing on it. 

If you want one, you better by it now. The household limit has been downgraded from 3 to 1. Also, to purchase one now you will have to make a phone call as it is no longer offered online.

The last thing I want to mention is a comparison of the aftermarket since the Bison is almost sold out. The first coin that started the $20 for $20 coin program is roughly $45. The Canoe coin which is a pretty amazing design was 2nd and is roughly $25 - $30. The Bison may make some money but I don't think it is worth taking the chance. But then again, I don't sell my coins. They're all mine! Forever!!! ( A little extreme but I think you get my point. I do give away coins to family as I have written about that before so no I am not hoarding coins all for myself.)

2013 American Eagle West Point Two-Coin Silver Set Sales 5/17

Well I didn't see this one coming. The daily sales trend actually went up. I figured it would over the weekend to Monday but not from yesterday to today. We got a whopping 3082 sets sold! Definitely will break last years # unless someone decides to cancel a whole lot of sets. 

Here is another counter that shocked me. Yesterday the Powerball was at 475 million. On my way to work I bought a ticket and the jackpot moved up to 550 million. By the time I drove home today it was at a record breaking 600 million. I am hoping to win of course but I really want to see no one win on Saturday. Wouldn't it be so awesome to see it at 1 billion dollars. There would be tons of excitement surrounding that drawing. Good luck everyone!

2013 American Eagle West Point Two-Coin Silver Set Sales 5/16

1926! I think that is still pretty good. Tomorrow 1674? This is definitely on track to beat last year. I hope this year my box isn't crushed. I keep trying to figure out what they will do next year. Ultra High Relief or half gold half silver like Two Face from the Batman series. It seems to me the Mint realizes the reverse proof isn't good enough. If they would number certificates and have a set amount, I think that would get a lot of interest.

On a side note, White Mountain National Forest 5 Ounce Uncirculated Silver Coin is out now. The price is better coming in at $179.95 and I do like the design. I'm not sure which I will get as I do like the shine from the bullion version. Bullion versions are around $133 - $138. I can always just save the money and buy more Microsoft or maybe actually visit New Hampshire. The coin does look nice though.

2013 American Eagle West Point Two-Coin Silver Set Sales

4185 sets sold. I think that is fairly decent. Actually one should assume this year should sell more than last year just because of the enhanced uncirculated. The reverse proof is nice but the main attraction is the uncirculated.

2013 American Eagle West Point Two-Coin Silver Set Sales

I'm taking a break from work to write this but this update only takes 3 minutes. Just a tad under 5000. The decline is here and probably will remain this way until the last week. There probably isn't a reason for me to keep updating this but I may decide to make a little chart or not. Now the real question is how much before June 6th. Probably around 250k again. Maybe less depending on silver prices.

2013 American Eagle West Point Two-Coin Silver Set Sales

Well if anyone was looking to flip this set for profit I think the chances of that are slowly slipping away. The set count is getting mighty high. The shipping date has also been changed to 9/30/13. I believe I was right in thinking that dealers / flippers were the cause of the initial surge. Knowing about the shipping date change possibility, sets were purchased early for quickest delivery. I really wish there was a set limit and 1 per household. At the very least no odometer present. I guess this gives me something to look forward to seeing while I work.