TSP Talk Silver Coins Update

Should we buy the TSP Talk Silver Dies

  • Yes (so we can make more)

    Votes: 7 53.8%

  • No (keep them limited to those already made)

    Votes: 1 7.7%

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

    Votes: 5 38.5%
  • Total voters
    13
  • Poll closed .
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tsptalk

tsptalk

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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.
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http://www.tsptalk.com/mb/site-news...869-tsp-talk-silver-coins-rounds-part-ii.html


http://www.tsptalk.com/mb/site-news-and-announcements/19798-tsp-talk-silver-coins-rounds.html


silver-coin2.gif




Image courtesy of Danny.

dannys-silver.jpg
 
tsptalk said:
...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?
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RealMoneyIssues said:
Who could use the dies to make more?...
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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.
 
burrocrat said:
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?
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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.
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I'm not sure about the compatibility, but I can ask.
 
tsptalk said:
I'm not sure about the compatibility, but I can ask.
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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.
 
userque said:
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.
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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. :)
 
Frixxxx said:
If I split the cost of dies with you, do I get a % of future "mintings"? :banana:
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Sounds good, but that means we split the losses too, right? :D

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... :pat:
 
userque said:
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.
Click to expand...


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!!
 
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.
 
burrocrat said:
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.
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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.)
 
James48843 said:
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.)
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:lmao::lmao::lmao::lmao::lmao:
 
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 :nuts: ). 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.
 
James48843 said:
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.)
Click to expand...

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.
 
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.
 
tsptalk said:
By the way, here's the die settlement document...

http://www.tsptalk.com/images/mb/NWTM.pdf
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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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