Bought these for $15 each

[Yinzi50]

Went on a road trip found these in a small town bank; There are 15 pieces total and with boxes and certificates. I don't know if these are ordered by the bank to sell to the public or some customer brought in. I know some of you did bette than me and bought SAE at face value. But these are truly uncirculated. One has little toning because the capsule was not tightly closed.

 

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[sir]

I wouldn't think that the bank would serve as a franchise for the US mint, someone must have turned them in.

 

[dasherhunting]

Ill give ya 15 for one lol

 

[sneak]

Nice score! I would like to find some for that price.

 

[DAS7NY]

$15 or each or $15 for all?

 

[coinmojo]

$15 or each or $15 for all?

Title says $15 each

 

[Yinzi50]

$15 or each or $15 for all?

$15 per coin; $225 for all.

 

[AGCoinHunter]

Those are well worth $15 bucks. Some of those retail over $40 each. I have several myself. Beautiful coins. Nice pickup.

 

[Ju8vP3t]

Very Nice SAE's UNDER SPOT? Excellant!!! ...what are the years?

 

[47thelement]

I have a couple banks in my area that sell em too

 

[Yinzi50]

Very Nice SAE's UNDER SPOT? Excellant!!! ...what are the years?

2000, 2001, 2003, 2005, 2006.

No 90's.

Silver was very cheap around year 2000 so the bank probably bought at less than $15 per piece.

 

[extractor]

ya scored,wtg

 

[mrbelvetron]

Not bad, especially if silver doesn't get corrected way down and starts climbing again.

A bank near me orders proof SAE's from the mint and sells them for about $5.00 more that they paid, however since they are proofs the premium over melt doesn't make them economical from a bullion standpoint so I don't purchase any.

I wonder if they didn't come from a safe deposit box or something, somebody being delinquent in their monthly payments.

To purchase the uncirculated or "bullion" SAE's one must go through the mint's authorized dealers who purchase the coins in bulk. At least that's how it was last time I checked.

 

[mistergee]

thats a fantastic price....i just saw an add in National Geographic that was selling 2009's for $19.95 and $4 S+H. buying ten would only cost like $21.25 each and i thought that was a good deal

 

[scotty1418]

The investment companies such as "www.universalcoin.com" usually put out a monthly deal for SAE's.

A couple months ago, I bought a slabbed '08 SAE for $17 shipped with spot was $15 and just received 3 '09 SAE's for $45 shipped last week.

Check out the coin rags where they have ads pretty often.

For more info, check out this thread:
https://www.kitcomm.com/showthread.php?t=48966

 

[Darth Walker]

Are they West Point Mint? Look for the "W" Mintmark.

They are called uncirculated or Burnishing Blanks.
The uncirculated word from the mint has a different meaning than for Us CRHs
or coin dealers. The US Mint calls uncirculated to a special process they use to make coins.

If they are W it was a fantastic buy.

If they are not W still ok to pay 15 each.

DW

 

[1235CE]

I wouldn't think that the bank would serve as a franchise for the US mint, someone must have turned them in.

Exactly!!??......and if someone turned them in what did the bank give the person for them??.....1 dollar each??.......and if the bank bought them from a customer how did they then come up with a price of $15 each for them........something's not right here.....

Hmmm......

 

[joecoin]

I wouldn't think that the bank would serve as a franchise for the US mint, someone must have turned them in.

Exactly!!??......and if someone turned them in what did the bank give the person for them??.....1 dollar each??.......and if the bank bought them from a customer how did they then come up with a price of $15 each for them........something's not right here.....

Hmmm......

My bank sells this sort of thing, also some not so great "collector" coins. Could be the law is different in different states?