View Poll Results: Should we buy the TSP Talk Silver Dies

Voters
13. You may not vote on this poll
  • Yes (so we can make more)

    7 53.85%
  • No (keep them limited to those already made)

    1 7.69%
  • Make different dies (Let's make a new coin)

    5 38.46%
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Thread: TSP Talk Silver Coins Update

  1. #25

    Default Re: TSP Talk Silver Coins Update

    They have offered me the dies so I assume it's OK for them to sell to me.

    I assume the $400 per die we paid was to have them created... but I'm not sure about ownership. At least that's the way it sounds now.

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  3. #26

    Join Date
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    990

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    They have offered me the dies so I assume it's OK for them to sell to me.

    I assume the $400 per die we paid was to have them created... but I'm not sure about ownership. At least that's the way it sounds now.
    What do the original papers say? Would be worth the look if you (or Burro?) still have them!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retirement date: December 31, 2018!!

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  5. #27

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by uscfanhawaii View Post
    What do the original papers say? Would be worth the look if you (or Burro?) still have them!
    I don't have the original emails that discussed it, but I do have the receipt. Doesn't really tell us much...



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  7. #28

    Join Date
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    Default Re: TSP Talk Silver Coins Update

    Seems like you have evidence that you already own the dies. Send a copy to the Bankrupcy Court and ask that they be sent to you!
    Just a suggestion....but I think you have a case. It doesn't say 'cost to make die', it says die part number 'M12 and M13'.

    I am not a lawyer but it seems like it's worth a try.

    Maybe there are some FED lawyers in TSPTalk out there???
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retirement date: December 31, 2018!!

  8.  
  9. #29

    Join Date
    Oct 2008
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    Stinking desert valley of bad air quality, AZ
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    2,597

    Default Re: TSP Talk Silver Coins Update

    FWIW which is nothing, I saw an ad on TV at about 0230 this morning while passing through the wife's bedroom. It claimed silver is going to go up 200% and no one can afford to miss it. No idea what channel it was.

    My experience with "FED" lawyers, USC fan, is that they estimate what it would cost to prosecute or defend a case and their superiors recommend settling for that amount or maybe a little less. Pro Bono advice is not something you should hope for.

    PO

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  11. #30

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by uscfanhawaii View Post
    Seems like you have evidence that you already own the dies. Send a copy to the Bankrupcy Court and ask that they be sent to you!
    Just a suggestion....but I think you have a case. It doesn't say 'cost to make die', it says die part number 'M12 and M13'.

    I am not a lawyer but it seems like it's worth a try.

    Maybe there are some FED lawyers in TSPTalk out there???
    I asked about that and below is their response.

    It has been Northwest Territorial Mint’s standard practice that we do not give away our dies. Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.

    Since we have filed for bankruptcy we are giving the customers the option to claim die ownership of the dies.

    If the dies are not claimed then they will be transferred to the new vendor once that vendor has been determined.


    This makes me think that we should do nothing since the dies don't get destroyed but transferred to another vendor, where I assume we can use them again if needed.

    Thanks for all of your input!

  12.  
  13. #31

    Join Date
    Oct 2010
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    Default Re: TSP Talk Silver Coins Update

    OK!!

    So I change my vote from 'Yes' to 'No'.

    Seems like good reasoning to me!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retirement date: December 31, 2018!!

  14.  
  15. #32

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    I asked about that and below is their response.



    This makes me think that we should do nothing since the dies don't get destroyed...
    They won't be destroyed by Northwest.

    Quote Originally Posted by tsptalk View Post
    ...but transferred to another vendor, where I assume we can use them again if needed...
    Sorry Sir, we "sold those dies for scrap." But we still have your design from NW, and we can "create new ones" for half the cost of the originals if you use the same designs.

    Someone here once told me that they believe that "BS makes the world go 'round." I have a different viewpoint, but nevertheless ... be careful out there.
    "In the land of idiots, the moron is King."--Unknown

  16.  
  17. #33

    Join Date
    Dec 2012
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    Illinois
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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    I asked about that and below is their response.



    This makes me think that we should do nothing since the dies don't get destroyed but transferred to another vendor, where I assume we can use them again if needed.

    Thanks for all of your input!
    This is lame.
    Dies are considered a subset of Northwest Territorial Mint’s tooling and as such the property of Northwest Territorial Mint. Just like any other tools we use to strike a customer’s order - such as presses, polishing wheels, blanking machines, etc – dies are also tools used in the production of product. We go to great lengths to preserve dies in our facility and do so at our own cost; we have never charged customers the cost of die storage and preservation.
    No they are not otherwise TSP would not have had to pony up for the original $800 to make the dies. Or, you should have been charged extra for the use of the other tools. Thank God they are not charging you for storage of the dies as well as the presses, polishing wheels, blanking machines. What a load of crapola. Tell them to kiss off and have someone else make dies for you, that you are paying for, and then tell them to ship the dies to you for your own safe keeping this time.
    11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 13.09% for 2017======= 8.23% six year average

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  19. #34

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by rktect1 View Post
    ...tell them to ship the dies to you for your own safe keeping this time.
    remember the first rule of precious metals... he who has the gold makes the rules. tangibility seems to be a factor with dies as well.
    100g

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  21. #35

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    This makes me think that we should do nothing since the dies don't get destroyed but transferred to another vendor, where I assume we can use them again if needed.
    They have relented. Just $45 shipping for each die... no other costs.

    I'll let you know when I have them.

    Thanks!

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  23. #36

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    They have relented. Just $45 shipping for each die... no other costs.

    I'll let you know when I have them.

    Thanks!
    Alright!!
    And just in time too!
    Silver is back down to $15-$16 per troy ounce!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retirement date: December 31, 2018!!


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