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Weekly Numismatic World News for October 1, 2017

October 2, 2017 in Blogs, Bullion, Coins, Coins for sale, Collecting, Education, Fun, History, Investing, News, Numismatica, Numismatics, Opinion, Palladium, Palladium Coins, Paper Money, Precious Metals, US Mint, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Although the U.S. Mint has started shipping American Palladium Eagles, few have been available on the daily market. Most bullion dealers are offering these coins as a pre-sale with the expectation of receiving their coins on or about October 10 for shipment shortly thereafter. Pre-sale prices are averaging $85-200 over the spot price, which is […]Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Fort Knox opened to civilians for the first time in 40 years

August 22, 2017 in Blogs, Bullion, Education, Events, Gold, Gold Bullion, History, Investing, News, Numismatica, Numismatics, Politics, Precious Metals, US Government

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

For much of the country, yesterday was “eclipse day.” But at Fort Knox, the big yellow wasn’t being covered up—it was being revealed: for the first time in 40 years, the U.S. Bullion Depository there was opened to civilians.

The Washington Examiner reported that yesterday (August 21), at the behest of the treasury secretary, Steve Mnuchin, the depository was to be opened to a delegation of politicians. The Washington Post later reported that the party included Mnuchin, Senate Majority Leader Mitch McConnell, U.S. Representative Brett Guthrie (R-KY), Kentucky’s governor, Matt Bevin, and several journalists.

McConnell said that the idea of… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Weekly Numismatic World News for August 20, 2017

August 21, 2017 in Blogs, Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Money, News, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

In my nearly 12 years of writing this blog and occasionally delving into the reasons for the fluctuating prices of precious metals and their impact on the numismatic market, there have been some fundamentals that have driven that market. As I was reminded in one of the articles in today’s list, “Is Now The Time […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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PMANA requests House Committee on Ways and Means to bring fairness to the taxation of precious-metal coins and bullion

July 28, 2017 in Blogs, Bullion, Coins, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legislation, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Politics, Precious Metals, Press Releases, Silver, Silver Coins, US Government, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

The following press release is courtesy of the Precious Metals Association of North America (PMANA).


(Washington, D.C.)—Discussions surrounding tax reform have heightened in recent weeks, and the Precious Metals Association of North America (PMANA) has offered testimony before the House Committee on Ways and Means asking for a change in the Internal Revenue Code that would bring fairness to precious-metals bullion and coin investors, while also creating smart investment opportunities for Americans.

Since 1982, gains made on precious-metals bullion have been taxed at the ordinary income rate due to language defining such bullion as a “collectible.” Congress has made numerous attempts to… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Texas: Home of the first state-run bullion depository in the U.S.

June 20, 2017 in Blogs, Bullion, Gold, Gold Bullion, History, Investing, News, Numismatica, Numismatics, Precious Metals, US Government

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

The Texas state capitol building, Austin. (Photo by Ed Uthman)

The Texas state capitol building, Austin. (Photo by Ed Uthman)

Lone Star Tangible Assets (LSTA), an Austin-based firm, has signed a five-year contract with the government of Texas to manage the state’s bullion depository, which will be under the authority of the state comptroller general (currently Glenn Hegar).

Prior to the law authorizing the Texas Bullion Depository, such facilities were privately owned, with the exception of the massive depositories of the federal government. They tend to be clustered near the New York financial hub, in part because of COMEX requirements that its member depositories be located within 150 miles of New… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Texas Attorney General Issues Gold Coins Consumer Protection Tips

May 22, 2017 in Bullion, Coins, Coins for sale, Collecting, Education, Fake Coins, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Precious Metals, Press Releases, PSA, Rare Coins, US Government, USA Coins, World Coins

News media contacts:

Paul Stein, for Universal Coin & Bullion, 409-860-9077
Texas Attorney General’s office, 800-252-8011

Texas Attorney General Issues
Gold Coins Consumer Protection Tips

(Austin, Texas) May 22, 2017 – With input from numismatic experts, the Attorney General of Texas, Ken Paxton, has issued a consumer protection alert about buying and selling gold coins.  

Award-winning rare coins and precious metals writer, Michael Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas, provided continuing consultation to the attorney general’s office on this important consumer alert. Fuljenz, in coordination with other key numismatic industry leaders, offered guidance on consumer protection best practices for precious metals consumers.

The advisory notes that senior citizens make up about 14% of the U.S. population but account for 60% of the callers to the National Fraud Information Center.

Paxton’s advisory cautions consumers and investors: “If coins you bought as an investment would have to double or triple in value before any gain could be realized, you may have been a victim of fraud.”

Entitled “Consumers Should Do Their Research Before and After Investing in Gold Coins,” the advisory emphasizes the crucial importance of working with reputable dealers to help avoid paying too much when buying or receiving too little when selling.  Paxton’s office recommends researching dealers through the Better Business Bureau, the American Numismatic Association, the Professional Numismatists Guild, Professional Coin Grading Service and Numismatic Guaranty Corporation.

“By issuing this important consumer protection advisory, Texas is not only assisting Lone Star state residents but providing nationwide benefits to the public who can access this useful information online.  Attorneys general across the country now also have a template to provide consumer protection advice to their residents about buying and selling gold bullion and gold coins,” said Fuljenz.

Among other tips in the Texas Attorney General’s advisory:

Do not respond to callers not previously contacted. Cold callers often are not registered in Texas to legally telemarket and often try to pressure customers to act quickly.

Do not do business with a dealer who guarantees your purchases are totally safe, will go up in value or can’t go down, stresses government gold confiscation or says he will buy them back for what you paid at any time.

The full consumer protection advisory from Texas Attorney General Paxton is available online and as a printable PDF document at www.texasattorneygeneral.gov/cpd/gold-coins.

Regretfully, due to print limitations, additional buying and selling tips were excluded, said Fuljenz, including avoiding false grading claims, advice about return privileges and urging caution if sellers receive certified money orders or certified checks from unknown buyers because they could be counterfeit.  All ten of the additional consumer protection tips are available online at www.MikeFuljenz.com/goldtips.

At Fuljenz’ request, the following are among the precious metal industry leaders who provided input to him for the advisory. Their names are listed alphabetically with affiliations given only for identification purposes.

Gary Adkins, American Numismatic Association Vice President and former Professional Numismatists Guild President

John Albanese, co-founder of Professional Coin Grading Service, Numismatic Guaranty Corporation and CAC

Doug Davis, Founder of Numismatic Crime Information Center, City Manager and former Police Chief of Pantego, Texas

Beth Deisher, Director of Anti-Counterfeiting for the Industry Council for Tangible Assets and former Editor of Coin World

Terry Hanlon, Dillon Gage Metals President, former PNG President

Jerry Jordan, award-winning investigative reporter and former Texas newspaper editor

Kathy McFadden, ICTA Executive Director

Rick Montgomery, NGC President

Donn Pearlman, public relations consultant, ANA Zerbe Award recipient, former ANA Governor and former journalist/broadcaster

Jay Sheppard, Better Business Bureau Serving Southeast Texas Dispute Resolution Director

Miles Standish, NGC Vice President

Universal Coin & Bullion (www.UniversalCoin.com) President Michael Fuljenz has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals.  He is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Jefferson and Hardin Counties Texas, and is a member of the prestigious Professional Numismatists Guild which honored him along with Doug Davis and Jerry Jordan in 2016 with its Sol Kaplan Award for helping to fight numismatic-related crimes.

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APMEX promoting its new CoinGrade+ feature with giveaway of MS-70 Silver Swan from the Perth Mint

May 5, 2017 in Australian Coins, Bullion, Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Offers, Perth Mint, Precious Metals, Press Releases, Silver, Silver Coins, World Coins

By: Press Release News.CoinUpdate.com (Coin Update News)

(Oklahoma City)—After being made available to the public on April 3, the 2017 Silver Swan 1-ounce coin—the first release of a new bullion series from the Perth Mint—sold out worldwide in less than two days.

The coin’s .9999 fine silver content and low mintage of 25,000 coins combined bullion’s utility with collectible appeal. Similar to well-known silver coin series like the Kookaburra and Koala, the Swan coins will change designs with each release. The Perth Mint has had much success with these continuing series, as well as with other innovative coin designs.

While all available Silver Swan coins were quickly claimed,… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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New to gold investing? The FTC has these tips

March 24, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Investing, IRA, News, Numismatica, Numismatics, Opinion, Precious Metals, US Government

By: Coin Update News.CoinUpdate.com (Coin Update News)


“Police say two Bend teens made more than $50,000 selling fake bars of gold.” That’s the headline in today’s Register-Guard, a newspaper in Eugene, Oregon. It seems the two budding criminals got hold of fake, 1-ounce gold bars purported to be from the Perth Mint and the Royal Canadian Mint, in seemingly official, tamper-proof packaging. Then they went on Craigslist and connected with potential buyers. The unscrupulous juveniles rooked at least three adults—including an experienced coin dealer, who bought the majority of their stock* from individuals who’d purchased it directly from the teens.

This story seemed like a good intro… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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2017 palladium American Eagle design mock-ups revealed

March 17, 2017 in Blogs, Bullion, Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Palladium, Palladium Coins, Precious Metals, US Mint, USA Coins

By: Mint News Blog Mint News Blog (http://mintnewsblog.com)

Mockup of the proposed design for the 2017 palladium American Eagle coin. (U.S. Mint photo, via Coin World)

Mockup of the proposed design for the 2017 palladium American Eagle coin. (U.S. Mint photo, via Coin World)

In an article by Paul Gilkes, Coin World has shared U.S. Mint mock-ups (shown above) for the 2017 palladium bullion coins. The obverse is an exact and finely detailed rendering of the classic Winged Liberty dime obverse by Adolph A. Weinman. The word LIBERTY encircles the field above the effigy, while IN.GOD / WE.TRUST is placed in the lower left field, the designer’s initials in the lower right field, and the date, 2017, below Liberty’s neck. The matte gray… Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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New to bullion investing? Important guidelines to get you safely started

March 17, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

Student loans, auto loans, home mortgages, and similar expenditures are major financial milestones—most people encounter one or more of them at some point in life. If you don’t have direct experience in these areas, you almost certainly know someone who does, and they can point you in the right direction.

Investing in coins or precious metals, on the other hand, is very different. If you aren’t already in the know, chances are your friends and relatives aren’t, either. Lack of information leaves people especially vulnerable to fraud, whether it’s malicious (as with counterfeit coins) or simply ignorant (overcharging for legitimate items… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Precious Metals Update: Bullion Sales Up

September 21, 2016 in Bullion, Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Eagles, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint’s authorized purchasers (AP’s) bought 945,000 2016 American Eagle silver bullion coins last week, well up from 170,000 pieces sold during the previous period.

One-ounce Silver Eagles have sold 30,155,500 pieces so far this year. As we are currently 72% of the way through 2016 and sales for these issues have reached only 64% of last year’s total of 47 million ounces, ASE sales remain unlikely to reach last year’s total.

Gold’s value decreased by $10.80 an ounce during the past week. Gold is now appraised at $1,313.80 according to the London Bullion Market Association. The value… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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How Rare Coins Can Help Your Investment Portfolio

August 15, 2016 in Bullion, Coins, Collecting, Education, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins, World Coins

By: Steve Hunt News.CoinUpdate.com (Coin Update News)

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Just last year, a British charity known for helping UK war veterans received an odd-looking two pence coin in one of its donation bins. As the coins were being counted, a branch treasurer noticed that this particular two pence coin was silver instead of the usual copper color and took the coin to the bank to find out more about it. As it turns out, the nickel-plated two-pence coin was actually made in error, making it a rare and valuable find. The coin went on to sell for £1,350 ($1,915), an astonishing 67,000 times more than its face… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Monster Toning, Monster Prices: It’s Still Just Bullion, Folks!

August 6, 2016 in Bullion, Coins, Coins for sale, Collecting, Education, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

monster

The screenshot above came in a search of “toned” and “monster” Silver Eagles on eBay. There were hundreds with “Buy It Now” prices ranging from $50 to $5,000.

This article tries to put the issue into perspective for those considering bidding or buying one of these coins. You may want to do so because of a unique pattern, for instance, or perhaps because you want at least one for your collection before they vanish. Or perhaps you are trying to build a set of toned Eagles.

Good toned examples are becoming increasingly difficult to find.

And as always, a coin is worth only… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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U.S. Mint 2016 Bullion Sales Update: Platinum, Gold, and Silver Prices Rise

August 1, 2016 in Blogs, Bullion, Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, History, Investing, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Dan Holmes Mint News Blog (http://mintnewsblog.com)

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Gold, silver, and platinum have all gained in value during the past week, making it an apt time to look at recent trends in U.S. Mint bullion sales. Platinum in particular has been quite visible of late, with prices rising just as the Mint begins issuing its 2016 American Eagle one-ounce platinum bullion coins.

As noted on Monday, the Mint began accepting orders for bullion Platinum Eagles on July 25. Authorized purchasers (AP’s) scooped up an impressive 17,100 pieces in one day, giving this year’s one-ounce Platinum Eagles their fifth-highest mintage ever. On Tuesday another 1,300 coins were sold…, Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Precious Metals Update: Silver Eagle Allocation Exceeds 3.6 Million

July 11, 2016 in Bullion, Coins, Coins for sale, Collecting, Education, Gold, Gold Bullion, Gold Coins, Gold Eagles, Market Report, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

By: Dan Holmes News.CoinUpdate.com (Coin Update News)

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The U.S. Mint’s authorized purchasers (AP’s) bought 250,000 of last week‘s 2,839,500-ounce allocation of 2016 American Eagle silver bullion coins, leaving 2,589,500 unsold. This is the most unsold Silver Eagles we’ve seen so far this year, continuing a recent trend that has seen the Mint’s inventory growing with the help of consistent production and softer demand.

Sales for the issues dropped sharply, due in part to the observance of the Fourth of July holiday. AP’s bought 73% fewer Silver Eagles during this period than the 938,000 ounces reported last week. The unsold pieces have been added to this week’s… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Controversial Minnesota Law Regulating Bullion Sales is Amended

June 15, 2016 in Bullion, Clubs and Associations, Coins, Collecting, Education, History, Investing, Legal, Legislation, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Precious Metals, Press Releases, Reference, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The following press release was shared by the Industry Council for Tangible Assets.

Minnesota Gov. Mark Dayton recently signed the Minnesota SF 3175: Bullion Product Dealers Regulation Authorization, culminating major legislative effort led by the Industry Council for Tangible Assets (ICTA) to reform the most troublesome law for coin dealers in modern memory.

The new law amends the state’s “Bullion Coin Dealer Law,” passed in 2013, which applies to dealers at all levels of the industry and throughout the country, and imposes onerous regulations that were impossible to comply with. ICTA’s Chairman, Harry Miller, explains.

“Most coin dealers in the U.S…. Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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American Buffalo Bullion Coins Get Packaging Overhaul

May 6, 2016 in American Buffalo, Bullion, Coins, Collecting, Gold, Gold Buffalo, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint has updated its packaging for American Buffalo Gold Bullion Coins, ushering in the use of hard plastic containers similar to those employed to ship gold and silver American Eagle bullion coins.

Plastic tubes used to ship the coins contain 20 one-ounce pieces each; the larger boxes are packed with 25 tubes, totaling 500 coins. Gold Eagles are transported in red containers, while Silver Eagles are shipped in green packaging. The new Gold Buffalo tubes and boxes are orange, according to a press release.

American Buffalo bullion coins will now be shipped in orange… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Use Caution To Avoid Gold And Silver Counterfeits, Advises Professional Numismatists Guild.

May 3, 2016 in Bullion, Coins, Coins for sale, Collecting, Education, Fake Coins, Gold, Gold Bullion, Gold Coins, Gold Eagles, Numismatic Crimes, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Silver, Silver Coins, USA Coins

For immediate release
May 3, 2016

Use Caution To Avoid Gold And Silver Counterfeits, Advises Professional Numismatists Guild.

 

Historic, genuine 1803 Draped Bust design U.S. silver dollars in Very Fine condition are currently valued at about $3,000. This counterfeit 1803-dated dollar was recently offered in a Hong Kong flea market for less than $3. (Photo by Donn Pearlman.)

Historic, genuine 1803 Draped Bust design U.S. silver dollars in Very Fine condition are currently valued at about $3,000. This counterfeit 1803-dated dollar was recently offered in a Hong Kong flea market for less than $3. (Photo by Donn Pearlman.)

(Temecula, California) – Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace.  Purchase only from reputable dealers, cautions the Professional Numismatists Guild (www.PNGdealers.org).

The PNG is a nonprofit organization composed of many of the country’s top numismatic experts.

“It is clear there is an increase in the types of fakes sold by unscrupulous dealers.  These sales of counterfeit coins are potentially a multi-million dollar problem for the public.  There’s an old saying that can help buyers avoid problems: If you don’t know coins, you better know your dealer,” stated Professional Numismatists Guild (PNG) President Dana Samuelson.

“We conducted an informal inquiry of PNG members and PNG Accredited Precious Metals Dealers (APMD) about what they’re encountering now in the marketplace.  They have seen everything from counterfeits of vintage rare coins to modern precious metal items.  These include fakes of popular century-old U.S. Morgan and Peace design silver dollars to current gold and silver American Eagles, gold U.S. Buffalo coins, silver and gold Chinese Pandas, and Canadian silver and gold Maple Leaf coins.  We’re also seeing spurious gold and silver ingots,” said Samuelson.

“Professional dealers who look at classic U.S. coins and bullion items all day long are usually not fooled by these spurious items, but to the untrained eye they often look like the real thing,” he explained.

“Many of the fakes apparently are originating in China and then offered online by various sellers.  It is imperative that collectors, investors and the general public deal only with reputable, knowledgeable experts who offer a guarantee of authenticity,” emphasized Samuelson.

Two PNG members who recently were in Asia say they saw counterfeits of early 19th century Draped Bust, mid 19th century Seated Liberty and late 19th and early 20th century Morgan and Peace silver dollars being sold in flea markets in China and Hong Kong for $1 to $3 each.

Unsuspecting buyers have submitted counterfeit modern bullion coins to Numismatic Guaranty Corporation (www.NGCcoin.com) for authentication and grading. NGC, the official grading service of PNG, earlier reported submissions of counterfeit 2012-dated gold American Eagle $50 denomination coins.

The front and back of a counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion coin. (Photo courtesy of Numismatic Guaranty Corporation.)

The front and back of a counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion coin. (Photo courtesy of Numismatic Guaranty Corporation.)

Those particular counterfeits exhibit poorly defined details around Liberty’s face and hair, different fonts for lettering and the date compared to genuine coins and the color is different because the fakes are not composed of gold, according to Max Spiegel, a Vice President of Certified Collectibles Group, NGC’s parent company.

PNG and PNG Accredited Precious Metals Dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise including bullion coins, precious metal rounds and ingots, and they offer a guarantee of authenticity for the numismatic items they sell.

For a list of PNG-APMD members visit www.PNGdealers.org and click on the APMD navigation link.

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More Than 1 Million Silver Eagles Sold in Last Three Days

April 14, 2016 in Bullion, Coins, Coins for sale, Collecting, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint’s authorized buyers have purchased this week’s entire 1,036,000-ounce allocation of American Eagle Silver bullion coins in just three days, bringing this year’s overall sales total for the issues to 17,000,000 one-ounce coins sold.

This development is particularly striking as the Mint’s weekly allocations have not sold out in recent weeks, and it looked for a moment that the supply of Silver Eagles might finally be starting to outpace demand for the issues. But the value of silver has shown signs of strength this week, climbing to a near six-month high today at $15.98 an ounce, which Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Precious Metals Report: A Modest Slowdown for Silver Eagles

April 5, 2016 in Bullion, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint’s authorized purchasers did not buy all of last week’s one-million-ounce allocation of American Eagle silver bullion coins, leaving 42,500 pieces unsold as of Friday evening. The Mint has added those coins to a new million-ounce inventory, bringing this week’s available total for Silver Eagles to 1,042,500. The Mint remains on pace to have its biggest sales year ever for silver bullion, and has already exceeded 31.8% of last year’s record-breaking total of 47 million ounces of Silver Eagles sold.

Gold has dropped $6.00 an ounce since this time last week, and is currently listed at $1,215.00, according to… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Royal British Mint Issues New “Queen’s Beasts” Gold and Silver Bullion Coins

March 29, 2016 in Blogs, British Coins, Bullion, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, English Coins, Gold, Gold Bullion, Gold Coins, History, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Royal British Mint, Silver, Silver Coins, UK Coins, World Coins

By: Dan Holmes world.mintnewsblog.com (News and Commentary on World Coins)

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The Royal British Mint has announced the release of an impressive new series of gold and silver bullion coins entitled “The Queen’s Beasts.” The series will pay homage to Queen Elizabeth II by depicting various heraldic animals symbolizing strains of her ancestry.

The first design, created Jody Clark, will be available on one-ounce and 1/4-ounce gold coins, as well as on two-ounce silver issues. The one-ounce gold coins can be purchased now from authorized bullion dealers, while the others issues are expected shortly.

96671_SlabSMALLThe obverse features… Full article at the source>

Source: world.mintnewsblog.com (News and Commentary on World Coins)

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Indiana Governor Signs Sales-Tax Exemption Bill for Coins and Paper Money

March 28, 2016 in Bullion, Coins, Collecting, Gold, Gold Bullion, History, Investing, Legal, News, Numismatica, Numismatics, Press Releases, Silver, Silver Coins, US Government

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The Industry Council for Tangible Assets has shared the following press release:

ANNAPOLIS, MD — On March 24, Indiana governor Mike Pence signed into law HB 1046, which provides for a sales-tax exemption on rare coins, paper money, and precious-metals bullion. The new law will take effect on July 1. Indiana becomes the 33rd state to have a complete or partial sales-tax exemption on the retail sales of rare coins, paper money, and precious-metals bullion.

The bill was authored by Representative Greg Beumer; co-authored by Rep. David Wolkins, Rep. Robert Heaton, and Rep. David Niezgodski; and sponsored by Sen. Brandt… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Precious Metals Update: New Silver Eagle Allocation, Gold Slips Below $1,250

March 22, 2016 in Bullion, Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint has allocated another 1 million coins for sale to its authorized purchasers this week after selling last week’s inventory within three days. Also notable is the fact that Shawnee 5 oz. bullion coins have been stuck at 105,000 pieces sold for several weeks as we gear up for the release of the Cumberland National Historical Park 5 oz. bullion coins, which are likely to arrive in early February.

Even with the ongoing rationing of silver bullion, the Mint is on pace to have its biggest sales year ever for the commodity, and has already exceeded 27%… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Canada’s 2016 Silver Maple Leaf “Grizzly” Bullion Coins Sell Out

March 19, 2016 in Bullion, Canadian Coins, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The Royal Canadian Mint has reported that it has sold all 50,000 of its 2016 “Wild Canada” Silver Maple Leaf bullion coins featuring a “Grizzly” privy mark and a Reverse Proof finish. The Mint sells its bullion issues to a network of authorized buyers, who then make the coins available to the public.

A press release notes that the issue was the third of six planned “Wild Canada” privy-marked Silver Maple Leaf bullion releases. The next release will be dated 2017 and feature a Cougar mark, and is expected to launch in September of this year. It will also… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Up to 63,000 Gold Eagles Accidentally Struck in High Relief

March 16, 2016 in Bullion, Coin Errors, Coins, Coins for sale, Collecting, Errors, Gold, Gold Bullion, Gold Coins, Gold Eagles, History, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

By: Coin Update News.CoinUpdate.com (Coin Update News)

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The U.S. Mint has conceded that as many as 63,000 one-ounce American Eagle gold bullion coins were accidentally struck with high relief obverses, according to Coin World. The Mint is investigating the circumstances that led to the abnormality, which causes the coins to scrape against one another when stacked, as the rims were struck to the appropriate dimensions.

Coin World learned of the development through an anonymous tip, and Tom Jurkowsky, director of the Mint’s Office of Corporate Communications, subsequently disclosed the 63,000-coin estimate.

Some bullion shipments containing the high relief Gold Eagles went out to the Mint’s authorized purchasers, as confirmed Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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