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Weekly Numismatic World News for September 24, 2017

September 25, 2017 in Blogs, Coins, Collecting, Education, Fun, Investing, News, Numismatica, Numismatics, Palladium, Palladium Coins, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

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

On Monday, the U.S. Mint will begin selling palladium bullion coins to authorized purchasers. The opening price will probably be $976.44 per coin, which is 6.25-percent over the spot price of $919 per troy ounce. Metal prices have not followed a path that market watchers are familiar with. Platinum is usually more expensive per troy […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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First photos of the 2017 American Eagle palladium bullion coin

September 21, 2017 in Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Palladium, Palladium Coins, Photography, Precious Metals, US Mint, USA Coins

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

The Mint will begin selling its 1-ounce American Eagle palladium bullion coin to Authorized Purchasers (APs) on September 25. Until now, no photos of the coins have been available, and the curious have had to content themselves with photos of the plaster models or with graphic designers’ renderings. Around noon today (September 20), the Mint posted live photos of the coins (hover to zoom):

The palladium Eagles will be available to the public through the Mint’s AP network. Authorized Purchasers consist of major coin and precious-metals wholesalers, brokerage firms, banks, and other participating financial intermediaries. The… Full article at the source>

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

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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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Mexico: 35 is the new 25

July 13, 2017 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, Investing, Mexico Coins, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Gabriel Leif Bellman world.mintnewsblog.com (News and Commentary on World Coins)

Libertad collecting is a joyous hobby that rests somewhere between the adrenal-stimulating activity of cliff diving and the patient detail-sifting of prospecting sand. This year’s surprise offering from Mexico’s mint is a first. Like the Reverse Proof set of two years ago, it has a precedent: the collecting of bullion silver bars. It also pays homage to the Libertad’s roots as a bullion coin. This silver Proof set is issued in honor of the 35th year of the Libertad’s being offered by the mint as a bullion coin (and silver Proof, gold bullion, gold Proof, and even a rare platinum… Full article at the source>

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

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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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France: Endearing Disney character Scrooge McDuck features on latest “Youth Series” gold and silver coins

June 2, 2017 in Art, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Entertainment, France Coins, Gold, Gold Coins, Investing, Monnaie de Paris, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

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

The Monnaie de Paris have unveiled a new series of coins which features one of Walt Disney Studios’ most engaging cartoon characters: Scrooge McDuck. The irrepressible duck with his affectation of a broad Scottish brogue has been part of the world of Disney now for 70 years.

Initially inspired by the Charles Dickens classic novel A Christmas Carol and its primary antagonist, Ebenezer Scrooge, Carl Barks came up with the quintessentially stodgy but lovable Scrooge McDuck in 1947. At the time, Banks was an author of comic-book stories for Western Publishing, an American comic-edition company, and was also working for Walt… Full article at the source>

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

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“Decay” inaugurates new high-relief silver series, “Gargoyles & Grotesques”

June 2, 2017 in African Coins, Blogs, Coins, Coins for sale, Collecting, Commemorative, Education, History, Investing, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: World Mint News Blog world.mintnewsblog.com (News and Commentary on World Coins)

Proof finish. (Background photo of Washington National Cathedral by Carol M. Highsmith)

Ibex Coins, on behalf of the Republic of Chad, has released the first of an intriguing new series of high-relief silver coins called “Gargoyles and Grotesques.” The subjects, as the name suggests, are those strange and fantastical creatures that have decorated buildings since ancient times, peering from the peaks of gothic windows, crouching on rooftops, and scaring away evil spirits. A specific type of grotesque, the gargoyle, has an architectural purpose: it serves as a downspout, directing rainwater away from the sides of a building. The new series takes… Full article at the source>

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

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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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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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Will the Trump administration make gold great again?

March 2, 2017 in Coins, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legislation, News, Numismatica, Numismatics, Opinion, Precious Metals, US Federal Reserve, US Government, US Mint

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

Donald Trump has been interested in gold for decades and once reportedly accepted rent payment in gold bars when APMEX was opening a New York branch back in 2011 (see photo above, or scroll down for video). He also bought a large quantity of gold for about $185 an ounce when gold ownership was legalized in 1975, and sold at just under $800 an ounce years later.

Trump has expressed qualified support for the idea of returning to the gold standard but has not backed any specific plan to do so. For example, during the 2016 presidential campaign he told GQ… Full article at the source>

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

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What’s the meaning of the citrine gemstone in this giant-sized coin?

January 10, 2017 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, Investing, News, Numismatica, Numismatics, Offers, Perth Mint, Precious Metals, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

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Citrine has been advocated by various groups over time for a variety of alleged powers and benefits.

For instance, it’s known as the ‘success stone’ by those who believe in its ability to promote prosperity and abundance, especially in business, where it’s also earned the nickname the ‘merchant’s stone’.

Said to radiate positive energy, citrine is worn next to the skin by people who credit it with healing properties – particularly in the case of stomach disorders.

On an emotional and spiritual level, others avow its ability to inspire optimism, generosity and enlightenment.

This 2017 Gemstone Edition includes a yellow citrine in the rooster’s… Full article at the source>

Source: Perth Mint Blog

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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Blockchain Technology Allows Digital Investment in Precious Metals

December 1, 2016 in Crypto Currency, Currency, Digital Currency, Education, Gold, History, News, Numismatica, Numismatics, Opinion, Precious Metals, Royal British Mint, Virtual currency

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

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This morning there was a post on LinkedIn that caught my eye. It was a piece from the Telegraph that talked about how the Royal Mint is going to begin offering gold trading using blockchain technology.

If you’re asking yourself what “blockchain” means, I’m sure you’re not alone. I knew the term was somehow related to cryptocurrency, but that was all. I spent a couple of hours reading and bouncing ideas off my three-year-old, always a good sounding board, and decided to write a little bit about it.

Blockchain Technology

This is the technology that Bitcoin is based on. Don’t let words like… Full article at the source>

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

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Early November report

November 12, 2016 in Coins, Collecting, Education, Gold, Gold Coins, Investing, Market Report, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins

By: Jose Legend Numismatics Market Report

Let the flow begin

We were relieved to see activity continue at a good pace this past week. Of course gold still clearly leads the way.

To answer so many questions we had last week: With Trump being elected the rare coin market has seen NO major changes, nor do we anticipate any in the short term. We have talked to several Wall Street big wigs and bankers. Their general feelings are money will be unlocked in businesses thus leading to profits, thus leading to more income and bounses for the masses. So eventually there will be more money looking Full article at the source>

Source: Legend Numismatics Market Report

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ANAGRAM Win an Australian Opal Series – Ghost Bat 2015 1oz Silver Proof Coin

October 4, 2016 in Australian Coins, Blogs, Coins, Collecting, Education, Entertainment, Fun, History, Numismatica, Numismatics, Perth Mint, Silver, Silver Coins, World Coins

By: Blog Team  Perth Mint Blog

ghostbat_angram

Native to Australia, the Ghost Bat (or false vampire bat), is named for the light-coloured fur and wing membranes that make it appear ghostly at night. As Australia’s only carnivorous bat, it kills with powerful bites before devouring its prey!

With Halloween approaching fast, try solving our latest anagram for your chance to win this stunning silver coin featuring a Ghost Bat beautifully outlined in pure Australian opal.

Clue: Traditional name for spookiest night of the year!

How to enter: Email your answer to anagram@perthmint.com.au marking your reply ‘October 2016 Anagram Competition’ in the subject line. Please include your name,… Full article at the source>

Source: Perth Mint Blog

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Why Governments and Banks Want to Eliminate Cash, Explained By Noted Economist Dr. Scott Sumner

September 29, 2016 in Coins, Currency, Education, History, Investing, News, Numismatica, Numismatics, Opinion, Press Releases, World Coins

September 29, 2016

News media contact:
Michael Contursi, President of RCW Financial, at 949-679-1222

Why Governments and Banks Want to Eliminate
Cash, Explained By Noted Economist Dr. Scott Sumner

Summary:

In a commentary prepared for RCW Financial, economist Dr. Scott Sumner explains why governments and banks are eager to discourage the use of cash, and the resulting potential loss of anonymity and future negative interest rates.

      (Irvine, California) — Governments and banks are discouraging the use of cash, but a problem with a cashless society is a loss of privacy, explains Dr. Scott Sumner, Professor Emeritus of Economics at Bentley University.  He points out that Sweden already is moving toward eliminating all coins and paper money, and Italy and Canada are beginning to discourage the use of cash.

Dr. Sumner predicts the elimination of cash would make it easier for governments to impose negative interest rates and could lead to increases in values for gold and alternative currency, such as the Bitcoin.

      In a commentary prepared on behalf of RCW Financial of Irvine, California (www.rcwfinancial.com) and entitled, “Why Governments & Banks Want To Eliminate Your Cash,” Dr. Sumner wrote about the irony of the push for a cashless society at a time when there are billions of U.S. dollars in circulation.

“Surprisingly, despite the increasing use of credit cards, cash holdings are about 8% of Gross Domestic Product, which is actually a larger share of the US economy than a decade ago, indeed even larger than 90 years ago.  The amount of cash in circulation (paper currency and coins) is roughly $4500 for every man, women and child in America. It is believed that roughly half that total is held overseas, but even $2000 per person would be a surprisingly large figure, far higher than people admit to in government surveys.  Ironically, it is this increasing popularity of cash holdings that helps explain why governments are so anxious to discourage the use of cash,” wrote Dr. Sumner.

      He pointed out that until a few years ago, most economists thought negative interest rates were virtually impossible, but that now is reality in some European countries and Japan.

      Another implication of a cashless society is the loss of privacy.

“The anonymity of cash is what makes it appealing to many people, but it’s also what makes it increasingly unpopular with governments.  They see cash as a way of evading taxes, as well as facilitating drug dealing and other nefarious activities such as terrorism…. But regardless of how you feel about privacy, this seems to be the direction the world is moving,” Dr. Sumner stated.

He concluded: “The removal of cash would not have a major impact on the overall economy.  It would slightly increase the government’s ability to collect taxes, and it would somewhat increase the effectiveness of monetary policy during recessions.  Banks would benefit from increased use of credit cards.  For investors, it might lead to an increased demand for cash substitutes, such as Bitcoin and precious metals, pushing their price higher.”

The entire 1,700 word commentary is available free online at www.rcwfinancial.com/cashless-society.  

About Scott Sumner, Ph.D.:

Economist Scott Sumner, Ph.D

Economist Scott Sumner, Ph.D

Dr. Scott Sumner studied economics at the University of Wisconsin and received a PhD from the University of Chicago. He has done extensive research on the role of the gold standard in the Great Depression and is Professor Emeritus of Economics at Bentley University in Waltham, Massachusetts, where he has taught since 1982. Dr. Sumner received national recognition in 2012 as one of the “Top 100 Global Thinkers” by ForeignPolicy.com and was named “The Blogger Who Saved the Economy” by The Atlantic magazine.

About RCW Financial:

      RCW Financial of Irvine, California provides estate planning and wealth preservation services focused on the acquisition of the most popular and exclusive numismatic rarities.  For additional information, visit online at www.rcwfinancial.com, call Michael Contursi, President of RCW Financial, at 949-679-1222, or email at info@rcw1.com.

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A Quick Aside: Selling Pickaxes to Miners

September 22, 2016 in Education, Gold, Investing, News, Numismatica, Numismatics, Opinion

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

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When things go south, invest in gold. When things go south of south, invest in . . . manufacturers of home safes?

The Wall Street Journal has reported on a surprising trend in Germany and elsewhere: faced with negative interest rates in the eurozone, banks are beginning to charge interest on deposits. And their customers are beginning to withdraw their cash from the banks and take it home.

Of course, they’re not exactly stashing it out back in a coffee can, like some eccentric neighbor who still uses a rotary phone and hides canned goods under the bed. They’re putting… Full article at the source>

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

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Slower Sales of Silver Eagles Help U.S. Mint Build Up Inventory

June 20, 2016 in Blogs, Coins, Coins for sale, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

93754_SlabSMALL

Today, the U.S. Mint stated that it has an inventory of 2,204,500 American Eagle silver bullion coins available for sale to its authorized purchasers (AP’s) this week. This is by far the largest weekly allocation of Silver Eagles we’ve seen the Mint offer this year, excepting the week of January 11, during which four million ounces of 2016-dated coins debuted following a four-week sales hiatus.

Although the Mint’s production of these issues has held steady and even increased in some cases, the larger allocation is mostly the result of the slackening sales numbers posted in… Full article at the source>

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

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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)

93752_SlabSMALL

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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2016 Libertad Silver BU Releases Early

April 7, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Education, History, New Releases, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, World Coins

By: Gabriel Leif Bellman World.mintnewsblog.com (News and Commentary on World Coins)

92371_ObvSMall2

Unlike the American Silver Eagles, which begin sales in January, the Mexican Mint releases its Libertad bullion (BU) coins whenever they want and this year this means now!

The silver BU coins began their 2016 year by surprising everybody and shipping starting April 1. With silver prices up from a few months ago, it is likely good for business. The Winged Victory design on the liberated pays tribute to the solid bronze statue in Mexico City that is covered in 24k gold and weighs seven tons.

Produced since 1982, and with the current design since 1996, the Mexican Silver Libertad… Full article at the source>

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

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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)

Queens-Beasts-Lion-2oz-Silver-StackSMALL

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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Precious Metals Update: Silver Eagle Allocation Continues, Gold Down Again

March 28, 2016 in Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, History, 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 has continued its pattern of releasing one million American Eagle one-ounce silver bullion coins per week by issuing a new allocation today. Last week’s inventory had been purchased by the Mint’s authorized buyers as of Thursday, bringing 2016’s overall total to 14 million ounces sold.

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 29.7% of last year’s record-breaking total of 47 million ounces of Silver Eagles sold.

Gold has dropped $23.35 an ounce since this time last week, and is Full article at the source>

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

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2016 American Eagle Gold Proof Coins Debut, 4-Coin Set Now Unavailable

March 18, 2016 in Coins, Coins for sale, Collecting, Collector Sets, E-commerce, Gold, Gold Bullion, Gold Coins, Gold Eagles, Investing, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, US Mint, USA Coins

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

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Today the U.S. Mint released its 2016 American Eagle Gold Proof Coins, which are composed of 22-karat gold and are offered in 1/10-ounce, 1/4-ounce, 1/2-ounce, and 1-ounce versions.

A four-coin set containing all of these issues has also been issued, but went into “Currently Unavailable” status on the Mint’s Web site less than three hours after its release. There are no sales restrictions or production limits in place for either the set or the individual coins, though, so it is likely that the four-coin set will become available again soon.

The obverse… 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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