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

Voters
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  • 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. #13

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    Default Re: TSP Talk Silver Coins Update

    I don't think I know enough yet to to have an educated vote. I don't know if it's worth paying $600 to buy something that may not be accepted by other companies. And if it is accepted, will there be a surcharge, like mentioned before.

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  3. #14

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by burrocrat View Post
    i need 14 more ounces of private mint rounds to complete a full tube since i gave away, paid as settlement for private party debt, or lost in bets most of my other tsptalk silver. 14 more ounces would complete my bullion equivalent silver holdings (including u.s. and world state mints, u.s. junk silver coinage, and other private rounds) to just over 11 lbs. and allow me to concentrate on stacking more of my favorite element - gold.

    Hey Burro- if you really want 14 more to make your collection complete, I'll sell you some. I'm only charging $50 apiece for them. Send me your credit card number and I'll hook you up.

    (Maybe you can use the dies to manufacture some new coins as well- made from BRONZE, and some made from GOLD. That would be cool tool.)

  4.  
  5. #15

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by James48843 View Post
    Hey Burro- if you really want 14 more to make your collection complete, I'll sell you some. I'm only charging $50 apiece for them. Send me your credit card number and I'll hook you up.

    (Maybe you can use the dies to manufacture some new coins as well- made from BRONZE, and some made from GOLD. That would be cool tool.)
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  6.  
  7. #16

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    Default Re: TSP Talk Silver Coins Update

    I agree with Bmneveu, need to know if the dies are standard and can be used by other mints to produce more coins (if not, why buy them but for sentimental value; or maybe a a 'best decade' grand prize ). A set up fee can be expected... the real driver is consumption, the existing coins will run out. I have mine on display, and hope to score another at some point.
    25% C, 25% S COB 26 Jan; was 100% G as of 29 Dec; Life is good!

  8.  
  9. #17

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by James48843 View Post
    Hey Burro- if you really want 14 more to make your collection complete, I'll sell you some. I'm only charging $50 apiece for them. Send me your credit card number and I'll hook you up.

    (Maybe you can use the dies to manufacture some new coins as well- made from BRONZE, and some made from GOLD. That would be cool tool.)
    i'll pass on the $50 offer, i rarely pay more than $0.49-0.69 over spot for private mint rounds, except for things like the darth vader and stormtrooper coins or a unique animal design to add to my silver ark. i'm strictly a bullion guy, not a numismatist or collector per se. the werewolves don't care, you see, which mint the .45 slug you melted down came from when you peg them between the eyes. and the troll under the bridge don't care neither as long as it weighs what it says it does.
    100g

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  11. #18

    Default Re: TSP Talk Silver Coins Update

    I found a company that is compatible with our current dies. I've emailed them to ask about costs for using them. I'll let you know.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


  12.  
  13. #19

    Default Re: TSP Talk Silver Coins Update

    By the way, here's the die settlement document...

    http://www.tsptalk.com/images/mb/NWTM.pdf
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  14.  
  15. #20

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    By the way, here's the die settlement document...

    http://www.tsptalk.com/images/mb/NWTM.pdf
    If I am reading this document correctly, it seems to say that they will only sell the dies to other coin MINTERS.

    That is, 'It is the intent of the Trustee to sell the NWTM Dies, subjectto court approval, to a buyer capable of preserving the NWTM Dies and producing coins,medallions or other products at the request of the customer.'

    One other thing....the document talks about certain agreements may have been made that the customer would retain ownership of the dies. Was that not the case for the TSP Silver Coins? I seem to remember that we had to pay for the dies up front, because the size of our order was, comparedly, small. Might be worth looking into.
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  16.  
  17. #21

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    Default Re: TSP Talk Silver Coins Update

    Also, I found this post from Tom back in late 2014:

    " Re: TSP Talk Silver Coins / "Rounds"

    Thanks, Burro, for getting this started and doing the dirty work.

    As burro said, I decided to buy it all up front to make it easier to sell them to our members - one point of contact. You pay on TSP Talk, you get the silver within a few days. So once the order is shipped to me, we'll start taking the actual order. We won't have to worry about some folks backing out, not hitting the number we estimated, etc.

    Getting the estimate helps me know how many to order initially. I'm thinking 500 is enough for now, and that will leave me some to give as AutoTracker prizes.

    Also, since I own the die, we can reprint more if there is a demand but we'll keep it somewhat limited. Maybe 1000 total? We'll see."

    So it looks as if Tom personally owns the dies. Unless this 'ownership' is only the 'sole right to use the dies' and NWTM retained actual physical ownership. Anyway, as I said, it might be worth looking into. Burro, did you see any of the documents associated with our BUY?
    There are 10 types of people in the world. Those who know binary, and those that don't!!
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  18.  
  19. #22

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by uscfanhawaii View Post
    If I am reading this document correctly, it seems to say that they will only sell the dies to other coin MINTERS.

    That is, 'It is the intent of the Trustee to sell the NWTM Dies, subjectto court approval, to a buyer capable of preserving the NWTM Dies and producing coins,medallions or other products at the request of the customer.'

    One other thing....the document talks about certain agreements may have been made that the customer would retain ownership of the dies. Was that not the case for the TSP Silver Coins? I seem to remember that we had to pay for the dies up front, because the size of our order was, comparedly, small. Might be worth looking into.
    Good eye uscfanhawaii.

    It also says,

    "PLEASE TAKE FURTHER NOTICE that based upon his investigation of the records of NWTMand the historical business practices of the business, the Trustee believes that with limited
    exceptions, NWTM retained ownership of all NWTM Dies created to produce coins, medallions,
    or other products for customers. ..."

    Maybe an exception is when the die is engraved with a registered trademark?

    Even so, they've already said they'd sell them to Tom...so if that restriction you noticed applies...maybe it won't be enforced in this case.

    I did quickly read a little of the case, and at least one (pro se, so far) 'complaint' has been submitted against the Trustee by a customer. And, the Trustee also has been admonished by the Judge regarding unrelated timeliness.

    I know little about commercial bankruptcy cases; maybe drama is the norm. But the situation seems turbulent to me. Probably better to act sooner rather than later...if one is going to act at all.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  21. #23

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by uscfanhawaii View Post
    Also, I found this post from Tom back in late 2014:

    " Re: TSP Talk Silver Coins / "Rounds"

    ...

    Also, since I own the die, ...
    Maybe that's an 'exception' as well.

    But it does raise the question: why would have to buy what you already own?

    Obviously, own doesn't necessarily mean own.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  23. #24

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    Default Re: TSP Talk Silver Coins Update

    And also this one from Nov 2014:

    " Re: buy some tsptalk silver now cheapskate!


    Originally Posted by tsptalk
    If I would own the die, how about I put up the $1500 for it? Would that help bring folks in?

    By the way, my business that owns TSP Talk is actually called, Buy Low Sell High, Inc. Not sure if we should squeeze that in real small.




    ok, oh yeah! that is like a $3 discount per coin over previous expenses we were talking!"
    Not sure if this additional info helps, but it does seem relevent.
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