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Wednesday, February 29, 2012

Expect to Pay More for American Eagles and Star-Spangled Banner Products

 

2011 Proof American Platinum Eagle

The 2011-W Proof Platinum Eagle is one of the U.S. Mint products that is likely to see a higher price

A series of price increases is expected Wednesday for numismatic American Eagles and First Spouse Gold Coins, per recent trends of precious metals on the London Fix. For the same reason, Star-Spangled Banner products released next Monday are likely to cost a bit more than anticipated.

Each week on Wednesday morning, prices are re-evaluated for United States Mint coins composed of gold and platinum. The price on the proof Platinum Eagle and numismatic gold coins has remained the same for four straight weeks. But precious metals have swung sharply higher in recent days, and coin prices should shoot up as a result.
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Tuesday, February 28, 2012

Odyssey's Black Swan Named Sunken Coin Treasure Lands in Spain

 

Spain v. Odyssey Legal Dispute

A story lasting over five years involving 17-tons of sunken coin treasure and legal battles is apparently ending. Spanish officials are now processing 500,000-plus gold and (mostly) silver coins along with other objects recovered from the ocean floor.

This follows a federal judge ruling last week ordering the estimated $500 million worth of recovered treasure to be turned over to Spain by Odyssey Marine Exploration (http://www.shipwreck.net), based in Tampa, Florida. Odyssey had discovered the shipwrecked treasure in 2007 in international waters about 100 miles west of the Straits of Gibraltar.
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Sunday, February 26, 2012

Gold, Silver Surge in Weekly Gain and Silver Eagles Rebound

 

Fine Gold BarsGold dipped Friday, breaking away from a three-day winning streak but still notching a weighty weekly advance of $50.50, or 2.9%.

This week proved to be silver's party, however, as prices soared 6.4% — a gain that triggered several U.S. Mint silver product suspensions.

Platinum was not far behind the white metal, rising 5.0% and ahead of palladium's 3.3% weekly increase.
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Saturday, February 25, 2012

US Mint Halts Sales of Silver Numismatic Products for Repricing

 

2011-dated America the Beautiful Five Ounce Silver Uncirculated Coins

The U.S. Mint suspended sales of each of its 2011-dated America the Beautiful Five Ounce Coins

As market prices for silver surged above $35 an ounce on Thursday, the United States Mint stopped selling several of its numismatic products that contain the white metal, including all five of its 2011-dated America the Beautiful Five Ounce Silver Uncirculated Coins™ as well as its one ounce 2011-W Uncirculated American Silver Eagle.
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Friday, February 24, 2012

US Mint 2012 Numismatic Product Schedule Updated

 

US Mint Site and Products

The United States Mint on Thursday updated its 2012 numismatic schedule, adding a handful of products for release in March, April and May.

Major releases include the Star-Spangled Banner commemorative coins which celebrate the bicentennial of the writing of American national anthem, issuance of the Chaco Culture National Historical Park Quarters for New Mexico and the Kennedy half-dollars.
Read the rest of US Mint 2012 Numismatic Product Schedule Updated

Thursday, February 23, 2012

2012 Infantry Silver Dollars and Freedom Set Sales Debut

 

Proof and Uncirculated 2012 Infantry Soldier Silver Dollars

Collectors purchased 54,675 Proof and Uncirculated 2012 Infantry Soldier Silver Dollars between Thursday and Monday

Debut sales for the 2012 Infantry Soldier Silver Dollars and the companion 2012 Infantry Soldier Silver Dollar Defenders of Freedom Set were released on Wednesday by the U.S. Mint. Their sales start was faster than last year's 2011 Medal of Honor Commemorative Coins but slower than the opening demand for 2011 U.S. Army Commemorative Coins.
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Wednesday, February 22, 2012

Titanic Centennial Commemorative Coins Issued by UK Royal Mint

 

The Royal Mint has released two commemorative coins marking the 100th anniversary of the maiden voyage of RMS Titanic, the White Star Line passenger liner that struck an iceberg in the north Atlantic Ocean resulting in the death of 1,517 of 2,223 passengers.

Titanic Centennial Commemorative Coins

Titanic Centennial Commemorative Coins - Proof and Brilliant Uncirculated

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Monday, February 20, 2012

2011 Low Mintage Key Coins Likely to Perform Well

by Louis Golino for CoinWeek

Determining whichcoins will be low mintage keys in their respective series is a significant part of the fun of collectingmodern US coins. As one year nears its end, ...

Sunday, February 19, 2012

Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats

 

Fine Gold BarsGold was nearly unchanged this week as prices climbed a modest 60 cents following a loss of $15.00 last week. Other precious metals retreated for the week. And with silver's 1.2% loss, investors were less keen on American Silver Eagles as its weekly sales were handily the worst of the year.

As for gold, it garnered little to no support from a U.S. Labor Department report on Friday which showed that U.S. inflation rose 0.2% in January — the largest increase since September.
Read the rest of Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats

Saturday, February 18, 2012

America's Founding Fathers 2012 Currency Set Release

 

The Bureau of Engraving and Printing (BEP) has announced its upcoming America's Founding Fathers 2012 Currency Set, featuring George Washington and Thomas Jefferson bills.

America's Founding Fathers 2012 Currency Set

America's Founding Fathers 2012 Currency Set

Each currency set has a Series 2009 $1 note with a portrait of George Washington and a Series 2003A $2 note with Thomas Jefferson's portrait. They are from the Federal Reserve Bank of Minneapolis with matching serial numbers that begin with "2012."

The release is scheduled for Tuesday, February 21, 2012 at 8:00 AM Eastern Time (ET) and the price is $19.95. A household order limit of 50 sets will be in place until Sunday, March 4. If inventory remains beyond that day, the household limit will be removed and bulk pricing will be available for $16.95 for orders containing 50 sets or more.

In all, up to 9,000 sets will be produced and sold in 2012, making the America's Founding Fathers 2012 Currency Set a limited-edition. Special packaging includes a decorative tri-fold display folder, and the notes are protected in a clear acid-free polymer sleeve. Shipments will start on March 5, 2012.

When available, the set may be purchased directly from the BEP online store at www.moneyfactorystore.gov.

About the BEP

The Bureau of Engraving and Printing is the largest producer of security documents in the United States. The bureau prints billions of Federal Reserve Notes for delivery to the Federal Reserve System each year. These notes are produced at facilities in Washington, DC, and Fort Worth, Texas.

In addition to U.S. currency, the bureau produces several other security documents such as portions of U.S. passports, materials for Homeland Security, military identification cards, and Immigration and Naturalization Certificates.

Friday, February 17, 2012

US Mint Releases 2012 Infantry Soldier Silver Dollars

 

The United States Mint on Thursday, February 16, 2012, released the 2012 Infantry Soldier Silver Dollars and theDefenders of Freedom Set.

Proof and Uncirculated 2012 Infantry Soldier Silver Dollars

Proof and Uncirculated 2012 Infantry Soldier Silver Dollars

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Thursday, February 16, 2012

Morgan Dollars and Gold Sovereigns Anchor Bonhams' Rare Coins Auctions in May

 

Bonhams is pleased to announce two significant collections to be offered during our May 27, 2012 Rare Coins and Medals Auctions in Los Angeles.

The auction house is privileged to be offer nearly 600 gold sovereigns of Great Britain and other commonwealth countries such as Australia, South Africa and Canada from the Estate of television and business pioneer, Maria Helen Smith.
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Wednesday, February 15, 2012

Senators Call for Baseball Hall of Fame Commemorative Coins

 

Major League Baseball

A new senate bill seeks to celebrate the 75th anniversary of the National Baseball Hall of Fame with gold and silver commemorative coins.

Legislation seeking commemorative coins to celebrate the 75th anniversary of the National Baseball Hall of Fame in Cooperstown, New York has been introduced in the United States Senate.

The bill, numbered S. 2036, was sponsored by Senator Kirsten Gillibrand (D-NY) as a companion to similar legislation (H.R. 2527) which passed on October 26 in the United States House of Representatives by a vote of 463 to 3.
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Tuesday, February 14, 2012

Release Dates and Price Cuts for 2012 Commemorative Silver Coins

 

Prices have been cut for this year's commemorative silver coins, their release dates announced and another commemorative product revealed. The information is compliments of a Federal Register notice published for the U.S. Mint on Thursday, February 9, 2012.
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Sunday, February 12, 2012

Gold Down 0.9% on Week as Silver Dips 0.4%, US Bullion Eagles Improve

 

Fine Gold BarsGold prices declined 0.9% this week, bucking expectations of many analysts who had forecasted higher prices before the week's start. Gold, silver, other commodities and stocks were driven lower towards the end of the week as the U.S. dollar became the investment choice when drama ensued over Greece bailout negotiations.

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Saturday, February 11, 2012

US Mint January Coin Production: Presidential $1 Coins Plummet

 

Chester A. Arthur Presidential $1 Coin

The U.S. Mint released January coin production figures which reveal plunging Presidential $1 Coin levels

Circulating coin production totals from the United States Mint were sharply higher in January 2012 as compared to the previous month and from the same time period of a year ago — despite plummeting mintages of Presidential $1 coins and Native American $1 coins.
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Friday, February 10, 2012

Chickasaw Five Ounce Silver Uncirculated Coin

 

It may be 2012 right now, but the United States Mint has released the collectible 2011 Chickasaw National Recreation Area Five Ounce Silver Uncirculated Coin. The coin was made available on Thursday, February 9 at 12:00 PM (noon) ET.

2011 Chickasaw National Recreation Area Five Ounce Silver Uncirculated Coin

U.S. Mint image of the Chickasaw Five Ounce Silver Uncirculated Coin

The Chickasaw silver uncirculated coin is the tenth in the series. As the final 2011-dated product to launch in 2012, the long wait and the price of $204.95 may help boost initial sales.
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Thursday, February 09, 2012

El Yunque National Forest Quarters Sales Debut

 

El Yunque National Forest Quarters Bags and Rolls

United States Mint sales figures revealed the newest El Yunque National Forest Quarters helped supplement collector interest to several other numismatic products.

In all 62 items outperformed their previous weekly gains compared to 21 in the previous report, and the new items that captured the most attention were El Yunque Quarters in bags and rolls.

 El Yunque quarters launched on Friday, February 3. The coins honor El Yunque National Forest located in the U.S. territory of Puerto Rico, and they are the eleventh in the America the Beautiful Quarters® Program. Split up, collectors ordered 2,189 of the 100-coin bags from Philadelphia and 2,131 of the 100-coin bags from Denver. The two-roll set was a top seller with 15,542.
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Wednesday, February 08, 2012

2012 Native American $1 Coin Image Released

 

The United States Mint has published the image for the reverse of the 2012 Native American $1 Coin. Until now, only a line art design was available, and that was released back in November.


2012 Native American $1 Coin Image

U.S. Mint image of the 2012 Native American Dollar

As mandated by law and since 2009, the reverse of the dollars have changed annually to feature a unique design celebrating important contributions by Indian tribes and Native Americans.

This year's Native American $1 Coin theme is "Trade Routes in the 17th Century." Depicted, and shown in the image above, is the 2012 dollar reverse portraying a Native American and horse in profile with three other horses running in the background, symbolizing the historical spread of the horse.

The obverse or heads side of the dollar has remained the same since the golden-colored coin was first released back in 2000. Created by Glenda Goodacre, it depicts a young Sacagawea who accompanied Lewis and Clark in their expedition from the East to the Pacific Coast of the United States.

A release date for the new dollar has not yet been announced by the U.S. Mint. Last year's dollar was released early in the year, on January 12.

When the 2012 Native American $1 Coin is launched, the Mint will offer 25-coin rolls from either Philadelphia or Denver for $32.95. That is $7 less than the cost of the rolls from past years. Based on other Mint notices, the bureau is also expected to offer a $1 Five-Coin Set containing one 2012 Native American dollar and the four 2012 Presidential dollars. These four coins honor Chester Arthur, Grover Cleveland (first term), Benjamin Harrison, and Grover Cleveland (second term).

No dollar coins will be released into circulation in 2012 as in past years. Since so many of the coins now sit unused in Federal Reserve vaults, Treasury Secretary Geithner suspended their production for circulation, allowing the U.S. Mint to produce them only for collectors.

Tuesday, February 07, 2012

El Yunque Quarters Available in Bags and Rolls

 

United States Mint bags and rolls of 2012 El Yunque National Forest Quarters were made available Friday, February 3.

El Yunque Quarter Bags and Rolls

The U.S. Mint sent this image in a customer email reminder about the release of bags and rolls of El Yunque Quarters

El Yunque quarters were actually released into circulation beginning on January 23. The new quarter marks the first of five releases scheduled in 2012and the eleventh in the America the Beautiful Quarters® Program.
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Sunday, February 05, 2012

Gold Prices Up 0.5% for Week as Silver Dips 0.1%, Bullion Eagle Sales Mixed

 

Fine Gold BarsGold prices rose 0.5% this week despite a $19 loss on Friday which was triggered by a stronger than expected U.S. jobs report. Said report showed that the unemployment rate fell to 8.3% — the lowest level since February 2009 — from the 8.5% reading in December. 
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Saturday, February 04, 2012

Senators Want to Dump Dollar Bills for $1 Coins

 

In what could end up being an about-face in government policy, new legislation was introduced in the United States Senate on Tuesday, January 31, 2012 seeking to replace paper dollar bills with $1 coins.
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Friday, February 03, 2012

American Gold Eagle Bullion Coin Sales Rally in January

 

2012 American Gold Eagle Bullion Coin

U.S. Mint sales of American Gold Eagle coins reached 127,000 ounces last month

Demand for 22-karat American Gold Eagle bullion coins grew for a second straight month in January. The United States Mint reported sales of 127,000 ounces, marking a gain of 61,500 ounces, or 93.9%, over the previous month.
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Thursday, February 02, 2012

US Mint Sales: American Eagles and 5 Oz Silver Uncirculated Coins Lead

 

Vicksburg National Military Park 5 Ounce Silver Uncirculated Coin

The Vicksburg 5 Ounce Silver Uncirculated Coin has maintained solid sales since its release

Collector buying activity remained mostly muted for a second straight week, the newest U.S. Mint sales figures show. American Eagles and five ounce silver uncirculated coins were among the few numismatic products to outperform their prior weekly sales.

For the Mint's biggest coins, America the Beautiful Five Ounce Silver Uncirculated Coins advanced 3,563 as a group compared to 2,931 previously.
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Wednesday, February 01, 2012

Prices for US Numismatic Gold and Platinum Coins Set to Rise

 

American Gold and Platinum Eagle Coins

Two of more than a dozen U.S. coins that are expected to have their prices increased on Wednesday.

Prices for United States Mint numismatic gold and platinum coins are poised for increases Wednesday, based on trending prices of the precious metals they contain.

Unless strong reversals in precious metals appear rapidly, the U.S. Mint will raise prices on eight of its First Spouse Gold Coins, three of its numismatic American Gold Eagle products, its proof American Gold Buffalo and its proof American Platinum Eagle coin.
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