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. #1

    Default TSP Talk Silver Coins Update

    The latest from the Northwest Territorial Mint and as part of a court order, they are offering the Silver Round Dies to me, but it will cost $600 to get them.

    So what do you think? Should we keep the current TSP Talk Silver Coins limited to what has already been minted, or should we get the dies so we can make more if we want?


    I have received your email requesting die ownership to be transferred from Northwest Territorial Mint to Buy Low Sell High, Inc. I have found the die numbers for your coin and would be happy to process this request. The court has determined that NWTMINT retained ownership of all NWTMINT dies created to produce coins, medallions or other products for customers. The court has approved a fee for the ownership transfer in the amount of $300.00 per die.
    TSP Talk Silver Coins / "Rounds" (Part II)


    TSP Talk Silver Coins / "Rounds"






    Image courtesy of Danny.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


  2.  
  3. #2

    Join Date
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    Default Re: TSP Talk Silver Coins Update

    Who could use the dies to make more? Nnuut?

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  4.  
  5. #3

    Default Re: TSP Talk Silver Coins Update

    We could melt the old ones, and make new ones.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  6.  
  7. #4

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    ...as part of a court order, they are offering the Silver Round Dies to me, but it will cost $600 to get them. So what do you think? Should we keep the current TSP Talk Silver Coins limited to what has already been minted, or should we get the dies so we can make more if we want?
    Quote Originally Posted by RealMoneyIssues View Post
    Who could use the dies to make more?...
    2 key questions: are the dies compatible with other private companies who do custom minting? and, what are the other "terms" of "as part of a court order" - is there any expense or offsetting benefit to tsptalk other than the $600 to acquire the dies?

    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.

    ps. the poll did not allow multiple choice, but i vote for making more tsptalk silver rounds whether that is with the existing or new dies.
    100g

  8.  
  9. #5

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by burrocrat View Post
    2 key questions: are the dies compatible with other private companies who do custom minting? and, what are the other "terms" of "as part of a court order" - is there any expense or offsetting benefit to tsptalk other than the $600 to acquire the dies?
    Judging from the email, it sounds like $600 will get the dies sent...

    if you would like to make a payment using a debit/credit card, or you can send a check to the following address. Dies will be pulled and shipped once payment has been received.
    I'm not sure about the compatibility, but I can ask.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  10.  
  11. #6

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    I'm not sure about the compatibility, but I can ask.
    In addition to asking the company that gets $600 if you buy the dies; I would find a possible minting company that I could use going forward and ask them about using 'outside' dies.

    I would also compare the $600 cost vs. the cost of having the 'new' company create their own.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

  12.  
  13. #7

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    Default Re: TSP Talk Silver Coins Update

    If I split the cost of dies with you, do I get a % of future "mintings"?
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  14.  
  15. #8

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by userque View Post
    In addition to asking the company that gets $600 if you buy the dies; I would find a possible minting company that I could use going forward and ask them about using 'outside' dies.

    I would also compare the $600 cost vs. the cost of having the 'new' company create their own.
    Good points. I'm sure a new company would have a surcharge for me using my own dies.

    And the original dies were $800, so not much savings. I'd like to ask our old company holding the dies, which is going out of business, what they are going to do with my dies if I don't buy them. Maybe I'll just make an offer.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  16.  
  17. #9

    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by Frixxxx View Post
    If I split the cost of dies with you, do I get a % of future "mintings"?
    Sounds good, but that means we split the losses too, right?

    It wasn't a money maker by any means. We were just hoping buying silver at $15.92 was going to be a bargain. 3 years later at $16.50... not so much. Plus they added a $2 striking fee for each coin, so...
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


  18.  
  19. #10

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by tsptalk View Post
    ...Maybe I'll just make an offer.
    Good idea! But check the court order if you can...it may require $600.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

  20.  
  21. #11

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    Default Re: TSP Talk Silver Coins Update

    I think I'm in the mood to buy a few.



  22.  
  23. #12

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    Default Re: TSP Talk Silver Coins Update

    Quote Originally Posted by userque View Post
    In addition to asking the company that gets $600 if you buy the dies; I would find a possible minting company that I could use going forward and ask them about using 'outside' dies.

    I would also compare the $600 cost vs. the cost of having the 'new' company create their own.

    I voted to buy the dies, but subject to userque’s above conditions. I still have all mine, but could always use a few more!!
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