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Tuesday, January 31, 2012

19th Century Coins Anchor February Heritage Long Beach Auction

 

A variety of 19th century rarities — from an 1808 quarter eagle to an 1839-O branch mint proof half dollar and a historic1860 Mormon five dollar coin — highlight Heritage Auctions' Feb. 2-5, 2012 Long Beach U.S. Coins Signature® Auction.

1808 quarter eagle

This 1808 quarter eagle graded MS63 NGC is a chief highlight in the February Heritage Long Beach Auction

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Sunday, January 29, 2012

Gold Up 4.1% in Weekly Gain as Silver Rises 6.7%, but Bullion Coins Dip

 

Fine Gold BarsGold prices advanced in four of five days this week. Three were surging increases which propelled the yellow metal to its best weekly pick-up of the year with a gain of $68.20, or 4.1%.

Gold settled mildly higher Friday to extend a winning streak that began on Wednesday when the Federal Reserve pledged to keep ultra-low interest rates until late 2014.
Read the rest of Gold Up 4.1% in Weekly Gain as Silver Rises 6.7%, but Bullion Coins Dip

Saturday, January 28, 2012

Revolutionary War and War of 1812 Battlefields Commemorative Coins Proposed Again

 

LegislationNewly re-introduced legislation in the House of Representatives would commemorate the battlefields of the Revolutionary War and the War of 1812 with up to 300,000 $5 gold coins, 1 million silver dollars and 2 million half dollars.
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Friday, January 27, 2012

US Mint Sales: 2012 America the Beautiful Quarters Proof Set Debuts

 

A new product, the 2012 America the Beautiful Quarters Proof Set, debuted on the US Mint sales charts and won the majority of attention, hands down. The quarters proof set did not have much of an impact on other sales, as only a handful of offerings, 29, managed to exceed their prior week's increases.

2012 America the Beautiful Quarters Proof Set

United States Mint Image of the 2012 America the Beautiful Quarters Proof Set

The 2012 America the Beautiful Quarters Proof Set launched Tuesday, January 17, and by January 23, collectors scooped up 50,774 of them. The annual set is in its third year of the America the Beautiful Quarters series, and it opened much earlier and with lower numbers than the prior two quarters sets.
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Thursday, January 26, 2012

Gold Prices Rally Above $1700 as Silver Soars Over $33

 

Fine Gold BarsGold prices had been pressured by strength in the U.S. dollar during most of Wednesday until the Fed released forecasts indicating it is likely to maintain "a highly accommodative stance for monetary policy" and that U.S. economic conditions are "likely to warrant exceptionally low levels for the federal funds rate at least through late 2014." The news was taken as inflationary long-term, and drove gold and otherprecious metals sharply higher.
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Wednesday, January 25, 2012

2012-S Uncirculated Silver Eagle Expected, Special Annual Sets Studied

 

This year the United States Mint is planning to release a San Francisco "S" minted uncirculated American Silver Eagle for collectors and is paving the way for a series of "special" annual sets beginning in 2012 that could include Silver Eagles with varying "S", "D" and "W" mint marks, special reverse proofs and ultra-high reliefs. [...]
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Tuesday, January 24, 2012

2012 America the Beautiful Quarters Rolls Priced Lower

 

Rolls of America the Beautiful Quarters this year will be priced $7 lower, according to a new U.S. Mint notice published on the Federal Register Friday and dated one week earlier.

2012 El Yunque Quarter Rolls and Bags

El Yunque Quarter rolls and bags will be released on January 23, 2012 at reduced prices.

The reduction follows a series of other cuts in product prices recently announced by the U.S. Mint, including companion bags of 2012 America the Beautiful Quarters.
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Sunday, January 22, 2012

Gold Gains 2% on Week as Silver Soars 7.3%, US Bullion Coin Demand High

 

Fine Gold BarsGold, silver and platinum ended Friday higher to enhance weekly gains while palladium retreated on the day but still soared on the week. Market watchers were glued to news out of Europe and looking ahead to the U.S. Federal Reserve policy meeting on Wednesday and Thursday. In closing the week, expectations of a Greek debt agreement were said to influence gold prices the most.
Read the rest of Gold Gains 2% on Week as Silver Soars 7.3%, US Bullion Coin Demand High

Saturday, January 21, 2012

First Canadian 2012 Collector Coins Revealed by Mint

 

The Royal Canadian Mint is pleased to introduce exciting new gold, silver and base metal keepsakes inspired by Canada's historical, cultural and artistic heritage by launching its first collector coins of 2012.

2012 Canadian Collector Coins

A sampling of the new collector coins and products from the Royal Canadian Mint

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Friday, January 20, 2012

2011-W Uncirculated American Gold Eagle Sells Out, New Mintage Low

 

2011 Uncirculated American Gold Eagle

2011-W Uncirculated American Gold Eagle

Coin collectors can no longer look to the United States Mint for the 2011-W Uncirculated American Gold Eagle. The Mint sold out of the one ounce, 22-karat American Gold Eagle on Tuesday, January 17.

Unlike other numismatic gold products, the United States Mint never officially announced a maximum mintage for the $50 denominated coin

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Thursday, January 19, 2012

US Mint Raises Price on Proof Platinum Eagle, Gold Coins Unchanged

 

2011 Proof American Platinum Eagle

2011 Proof Platinum Eagle

Collectors will now have to pay $100 more for a 2011-W Proof American Platinum Eagle after the United States Mint raised its price Wednesday from $1,692.00 to $1,792.00.

Pricing for the proof Platinum Eagle had most recently been reduced on December 21 when the PGM metal fell within the Mint's coin price setting range of between $1,350.00 and $1,449.99 an ounce. But precious metals have been on the rise this year. Platinum alone jumped $101 since the start of 2012.
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Wednesday, January 18, 2012

US Mint Annual 2012 America the Beautiful Quarters Proof Sets Available

 

The United States Mint released its 2012 America the Beautiful Quarters Proof Set today, January 17, at noon ET for a price of $14.95, plus shipping and handling.

2012 America the Beautiful Quarters Proof Set

Protective Lens for 2012 ATB Quarters Proof Set

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Tuesday, January 17, 2012

PCGS-Certified Coins Set Records in Heritage's $55.8M+ FUN US Coin Auction

 

Rare coins authenticated and certified for grade by Professional Coin Grading Service (www.pcgs.com) broke or tied dozens of price records at the Florida United Numismatists (FUN) convention auction sessions conducted by Heritage Auctions (www.HA.com).

1793 Chain cent PCGS MS65 Brown and 1829 $5 PCGS Secure Plus PR64

1793 Chain cent PCGS MS65 Brown and 1829 $5 PCGS Secure Plus PR64

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Monday, January 16, 2012

2010-P Mount Hood Silver Coin Sold Out, 2011-P Vicksburg Sales Start

 

The biggest news regarding United States Mint recent product sales was the sellout of the 2010-P Mount Hood National Forest Five Ounce Silver Uncirculated Coin, which was followed one day later with the release of the 2011-P Vicksburg National Military Park Five Ounce Silver Uncirculated Coin.

Mount Hood National Forest Silver Uncirculated Coin

Mount Hood National Forest Five Ounce Silver Uncirculated Coin

Mount Hood silver coin sales reached 26,831 out of a possible 27,000 by Monday, January 9, as indicated in the sales table below. But the final 169 were quickly scooped up within the next two days for an official sell out by Wednesday.
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Saturday, January 14, 2012

US Mint 2011 Annual Coin Production Rises 28.7%, Mintages Top 8.2 Billion

 

2011 Lincoln Cent

Of the more than 8.2 billion coins produced by the United States Mint in 2011, more than 4.9 billion were Lincoln cents.

United States Mint annual coin production climbed higher last year, marking a second straight yearly advance. The United States Mint produced over 8.2 billion coins for circulation in 2011, which was an increase of more than 1.8 billion, or 28.7 percent, from the nearly 6.4 billion coins minted in 2010.

Leading gains were Jefferson nickels which soared higher 101.9 percent and Roosevelt dimes which shot up 34.2 percent. In unit totals, almost 500 million more nickels and 383 million more dimes were struck than in 2010. Lincoln cents notably improved by more than 927.7 million, or 23.1 percent.
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Friday, January 13, 2012

Mount Hood 5 Oz Silver Uncirculated Coin Sold Out

 

The collectible Mount Hood National Forest Five Ounce Silver Uncirculated Coin for Oregon sold out Wednesday, January 11. The fifth .999 fine silver coin issued in the U.S. Mint's America the Beautiful Five Ounce Silver Uncirculated Coin series is now the fifth one to sell out.

2010-P Mount Hood 5 Ounce Silver Uncirculated Coin

The United States Mint sent this image of the 2010-P Mount Hood 5 Ounce Silver Uncirculated Coin promoting its release on July 28, 2011. It sold out on January 11, 2012

It was the slowest of the debuting five to do so, having been released on July 28, 2011. The latest United States Mint sales figures as of Monday, January 9, had their total 169 away from the authorized 27,000 mintage.
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Thursday, January 12, 2012

US Mint Sets 2012 Product Prices for Collector Silver Eagles and Annual Sets

 

2011 Proof American Silver Eagle Coin

While many other U.S. Mint product prices have been slashed for 2012, the Proof Silver Eagle is set to launch at a higher price than when last year's coin, shown above, sold out.

The United States Mint on Wednesday officially set prices for the 2012 Proof Silver Eagle and major annual sets after having revealed several other significant product changes on Friday, including reduced quarter product prices and new Presidential $1 coin products.

"The United States Mint is pleased to announce that it is reducing or maintaining 2011 prices for some of its most popular products to be offered in 2012," a United States Mint news statement explains. "The bureau was able to set these lower prices and maintain others by refining the product costing process, taking advantage of current lower prices for precious metals and negotiating better pricing from its suppliers."


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Wednesday, January 11, 2012

Looking at 2012 Numismatically

 

Although coin production increased in 2011, the dominant conversation was what to do with the overproduction of one-dollar coins.

2012 U.S. Coins

A small sampling of 2012 coins that will be released by the U.S. Mint in 2012

Passionate arguments on both sides of this issue found that eight different bills were introduced in congress to try to fix the problem. As with a lot of bills in congress, none were acted upon. In December, Treasury Secretary Timothy Geithner ordered their production be limited to what was needed to supply the collector community. 
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Tuesday, January 10, 2012

US Mint Cuts Product Prices on 2012 ATB Quarters, Releases Images

 

The United States Mint released images of the 2012 America the Beautiful Quarters on Thursday, and lower prices for related products were published on Friday.

2012 America the Beautiful Quarters

The United States Mint released images of the 2012 America the Beautiful Quarters on Thursday

America the Beautiful Quarters include five new coins featuring reverse designs emblematic of selected sites of national interest. The five sites to be honored in 2012 include El Yunque National Forest of Puerto Rico, Chaco Culture National Historical Park of New Mexico, Acadia National Park of Maine, Hawaii Volcanoes National Park of Hawaii and Denali National Park of Alaska.
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Sunday, January 08, 2012

Gold Gains $50 on Week, US Bullion Coins Robust in 2012 Start

 

Fine Gold BarsGold dipped modestly Friday, breaking away from a four-session winning streak. But the yellow metal still advanced $50, or 3.2%, for the week, scoring its best weekly pick-up since early December.

"Gold came under pressure because people are a bit more comfortable with the recovery of the economy, but it is going to remain rangebound until we get some significant news to push it into either direction," Reuters quoted Fred Schoenstein, metals trader at Heraeus Precious Metals Management.

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Saturday, January 07, 2012

US Mint Adds Presidential $1 Coin Products, Cuts Prices

 

A new line of Presidential $1 Coin products are in store for 2012 while all but one of the existing products will have their prices lowered. (Jump to table of Presidential product changes.)

2012 Presidential Dollars

The United States Mint has added 2012 Presidential $1 Coin products and changed prices on other annual offerings

The news comes from a document the United States Mint had published Friday on the Federal Register, the official source for notices by government agencies.
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Friday, January 06, 2012

United States Mint Announces 2012 Presidential $1 Coin Designs

 
Mint Seal

WASHINGTON - The United States Mint today announced the designs that will appear on the Presidential $1 Coins in 2012.  The obverse (heads sides) of the coins will bear striking portraits of former Presidents Chester Arthur, Grover Cleveland (first term), Benjamin Harrison and Grover Cleveland (second term). 

Thursday, January 05, 2012

Gold Rises 0.8%, 2012 Gold and Silver Eagles Maintain Momentum

 

Fine Gold BarsGold futures on Wednesday advanced for a third straight session and reached a two-week high. Safe-haven buying was again in focus as European governments agreed in principle to embargo Iranian crude due to the country's nuclear program.
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Wednesday, January 04, 2012

2012 American Gold Eagle and Silver Eagle Bullion Coins Released, Sales Robust

 

American Gold Eagle and American Silver Eagle

An American Gold Eagle and American Silver Eagle bullion coin

Tuesday, January 3, the United States Mint began taking orders for its 2012 American Gold Eagle and 2012 American Silver Eagle bullion coins.

Kicking off the new year on a high note, opening sales on day one jumped out of the gate. The United States Mint reported that it has already sold 3,197,000 of the .999 fine silver bullion coins and 37,500 ounces of the 22-karat gold bullion coins.
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Tuesday, January 03, 2012

Gold Prices Rise 10.2% for 11th Annual Gain, Silver Falls 9.8% in 2011

 

Fine Gold BarsGold futures advanced nearly $26 Friday, rebounding from six straight session losses to close out a roller-coaster year with a gain of 10.2% — an 11th consecutive annual increase.

Other precious metals rallied as well, chipping away tiny slices from what turned out to be staggering yearly losses. Platinum and palladium were hit hardest in 2011, falling 21.0% and 18.3%, respectively. Silver was hammered 9.8% lower than its close last year. 
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Monday, January 02, 2012

Gold in 2012


Gold is a barometer of the ill winds stirred by monetary problems. It is as reliable as a canary in a coalmine. The rising price of gold flashes for everyone a clear warning signal. And a rising gold price is what we can expect in 2012. Gold in 2012

View full post on Resource Investor

Sunday, January 01, 2012

2012 Star Spangled Banner Commemorative Coins Designs

 

The United States Mint announced the four designs for the upcoming 2012 Star Spangled Banner commemorative coins.

Star Spangled Banner Commemorative Coin Designs

Star Spangled Banner Commemorative Coin Designs - Gold and Silver

The coins celebrate the writing of the national anthem, "The Star Spangled Banner" by Francis Scott Key, as well as the War of 1812.

Up to 100,000 $5 gold coins and 500,000 $1 silver coins will be struck in both proof and uncirculated versions. A surcharge for each coin sold will raise money for the Maryland War of 1812 Bicentennial Commission
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