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Trump and the Fed: Changes may be coming

September 18, 2017 in Blogs, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Politics, US Federal Reserve, US Government

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

Most people know that a president able to appoint several Supreme Court justices during his tenure will have an impact on our country that far outlasts their presidency. However, presidents who have the chance to make major changes to the Federal Reserve’s board of governors can also have a disproportionate impact.

Due to a combination of the facts that Federal Reserve Chair Janet Yellen’s term expires in January and that a seat on the Fed’s board of governors opened after President Trump took office; another member’s term expired; and Vice Chair Stanley Fischer unexpectedly decided to retire for personal reasons (as… Full article at the source>

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

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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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Final design choices for the 2018 America the Beautiful quarters

August 14, 2017 in Blogs, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, News, Numismatica, Numismatics, Quarters, US Mint, USA Coins

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

(Coin-design images courtesy of the U.S. Mint)

(Coin-design images courtesy of the U.S. Mint)

The following is a re-post from Mint News Blog’s sister site, Coin Update.

 

The U.S. Mint unveiled the reverse designs for the 2018 America the Beautiful quarters on August 1 at the American Numismatics Association’s World’s Fair of Money in Denver.

The national sites to be recognized in 2018 are Pictured Rocks National Lakeshore in Michigan, Apostle Islands National Lakeshore in Wisconsin, Voyageurs National Park in Minnesota, Cumberland Island National Seashore in Georgia, and Block Island National Wildlife Refuge in Rhode Island. Each quarter reverse in the series depicts a scenic representation of the park…  Full article at the source>

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

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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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2017 American Eagle 1-oz. gold Uncirculated coin goes on sale today

June 1, 2017 in Blogs, Coins, Coins for sale, Collecting, Gold, Gold Coins, Gold Eagles, Investing, New Releases, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

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

(Photos courtesy of APMEX)

(Photo courtesy of APMEX)

Today (June 1) is the release date for the Mint’s annual American Eagle 1-ounce gold Uncirculated coin (17EH), which will be available from noon Eastern time. The Uncirculated and Proof AGEs are collector versions of the official U.S. Mint American Eagle gold bullion coins, differing with respect to finish and mintmark (which the bullion strike lacks). Each 22-karat (0.9127 fine) gold Uncirculated coin, denominated $50, is enclosed in a clear capsule housed in a blue, Mint-branded box, and comes with a certificate of authenticity.

(Individual, high-res photos courtesy of the U.S. Mint)

Each coin measures 1.287 inches in… Full article at the source>

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

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“Cents and Sensibility” Act reintroduced, aims to convert U.S. coinage entirely to steel composition

April 25, 2017 in Blogs, Circulating Coins, Coins, Legal, Legislation, Money, News, Numismatica, Numismatics, Pennies, US Government, US Mint, USA Coins

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

1943-D over D steel cent. (Photo courtesy of Stack's Bowers Galleries)

1943-D over D steel cent. (Photo courtesy of Stack’s Bowers Galleries)

 

On April 6, Representative Steve Stivers (R-OH) reintroduced the Cents and Sensibility Act (H.R. 2067), which proposes “to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter-dollar coins, and for other purposes.”

Cosponsored by Rep. Joyce Beatty (D-OH) and Rep. Pat Tiberi (R-OH), the act is further described in a press release as “bipartisan legislation [that] lowers the cost of producing pennies, nickels, dimes, and quarters by ensuring they are minted with steel instead of minerals imported from outside the United… Full article at the source>

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

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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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How the Mint audits the nation’s deep-storage gold

March 1, 2017 in Blogs, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Precious Metals, US Government, US Mint

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

Weighing-gold

The status of the U.S. gold reserves has long been a point of discussion, as all information on the subject is closely guarded by the Treasury. Although information on annual audits is available, the average person is unaware of it; and even those who know it exists generally don’t know where to find it. Couple these facts with the public’s widespread distrust of Congress and government agencies, and it’s no wonder that rumors about the nation’s gold supply have run rampant for decades. Nearly every coin and/or investment forum on the Internet, if you dig deeply enough, has hosted discussions Full article at the source>

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

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United States Mint awarded two top honors for Coin of the Year

February 8, 2017 in Awards, Blogs, Coins, Collecting, Commemorative, Competition, Conventions, Events, History, News, Numismatica, Numismatics, Prize Winners, US Mint, USA Coins

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

2015-United-States-COTY-Award-winning-coins

(Washington)—The United States recently earned top honors in two coin-design categories at the World Money Fair in Berlin, Germany. United States Mint officials accepted two Coin of the Year (COTY) Awards on behalf of the nation. The U.S. won in the category of Best Circulating Coin for its America the Beautiful Program quarter honoring Kisatchie National Forest, and in the category of Most Inspirational Coin for its March of Dimes silver dollar commemorative coin.

“The designers, sculptors, and engravers of the Mint comprise the very best talent in the numismatic industry,” said David Motl, acting principal deputy director of the Mint… Full article at the source>

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

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The U.S. Mint and the U.S. Postal Service: Time for a Collaboration

January 7, 2017 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, News, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit. (Wikipedia photo by Djmaschek)

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit from the income, wherever the coins were sold. (Wikipedia photo by Djmaschek)

A few days ago, a postal carrier in Pocatello, Idaho, penned a letter to the editor of the Idaho Press-Tribune. In it, he noted that 2017 would once again be a challenge for the U.S. Postal Service. He cautioned that privatizing the USPS would create problems like reducing service to remote rural areas; …Full article at the source>

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

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2016 America the Beautiful Quarters Circulating Coin Set Available November 22

November 4, 2016 in Blogs, Circulating Coins, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, Fun, History, New Releases, News, Numismatica, Numismatics, Offers, Quarters, US Mint, USA Coins

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

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While higher-end collectors and investors mull the effects of today’s jobs report on gold prices—or of increases in Chinese manufacturing on silver prices, or of Tuesday’s election results on, well, just about everything—bread-and-butter collectors are eyeing humbler targets. On November 22 the Mint will release the America the Beautiful Quarters 2016 Circulating Coin set.

With the price of the Walking Liberty Half Dollar Centennial likely to be $915.00 or higher, the idea of a $5.95 product offering is somewhat refreshing. The coins have no bullion value and no particular numismatic value, barring the luck of an error coin slipping into Full article at the source>

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

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Newly Introduced: The “American Innovation $1 Coin Act”

September 21, 2016 in Blogs, Coins, Collecting, Commemorative, Legal, Legislation, News, Numismatica, Numismatics, Politics, Proof Coins, US Federal Reserve, US Government, US Mint, USA Coins

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

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On Wednesday, September 14, Representative James A. Himes introduced H.R. 6025, known as the “American Innovation $1 Coin Act.”

If adopted, the act would authorize $1 numismatic coins whose designs recognize both American innovation in general and “significant innovation and pioneering efforts of [American] individuals or groups.” One coin would be released for each of the 50 states, the District of Columbia, and the U.S. territories, in alphabetical order.

The program, if approved, could commence as early as January 1, 2017, as determined by the Secretary of the Treasury, who would also determine the appropriate quantities of Uncirculated and Proof strikes.

Per the… Full article at the source>

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

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U.S. Mint Shares Design Candidates for 2018-2020 American Eagle Platinum Proof Coins

September 15, 2016 in Blogs, Coins, Design, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

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

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The U.S. Mint has shared potential designs for its upcoming 2018, 2019, and 2020 American Eagle Platinum Proof coins. The designs will be discussed at the next Citizens Coinage Advisory Committee Meeting, scheduled to take place tomorrow, September 16. The candidates are included below with an introduction and descriptions provided by the Mint.

Since its inception in 1997, each American Eagle Platinum Proof Coin has shared a common obverse that features a portrait of Liberty. The reverse has been host to a variety of themed series (Vistas of Liberty, Preamble to the Constitution and Torches of Liberty)… Full article at the source>

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

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May 2016 U.S. Mint Circulating Coin Production

June 14, 2016 in Blogs, Circulating Coins, Coins, Collecting, Education, News, Numismatica, Numismatics, US Mint, USA Coins

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

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The U.S. Mint’s circulating coin production jumped in May, with 1.55 billion coins produced to follow up on last month’s 1.34 billion-coin total.

Overall production increased by 15.7% compared to last month, as well as by over 6% in relation to May of 2015. This year’s circulating coin total now stands at more than 6.7 billion coins, 8% less than had been struck by May of 2015.

The chart below details production numbers for the coins, broken down by denomination and mint facility. The first numerical column lists figures for the month of May, while the “2016 Total”… Full article at the source>

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

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2016 Betty Ford First Spouse Gold Coins, NPS First Day Sales

March 25, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Dollar Coins, Education, Gold, Gold Coins, History, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Uncirculated Coins, US Mint, USA Coins

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

16sc_cBothBetter

Today, March 25, at noon ET, the U.S. Mint will release the 2016 Betty Ford First Spouse Gold Proof and Uncirculated Coins. The issues have a combined mintage limit of 10,000 pieces, and there is no household order limit in place.

The launch of the Betty Ford First Spouse coins comes after the release of the 2016 Gerald R. Ford Presidential dollar, which debuted on March 8. The Ford coins constitute the second batch of First Spouse issues released this year, following February’s Nixon releases. The final coins in the First Spouse series… Full article at the source>

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

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2016 NPS Commemorative Coin Set Mintage Limit and Other Updates

March 21, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Precious Metals, Press Releases, Proof Coins, Silver, Silver Coins, US Mint, USA Coins

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

2016-national-park-service-obverse PROOF BOTH

The U.S. Mint has announced that the the product limit for the 2016 National Park Service Commemorative Coins Three-Coin Set will be 15,000 units. This is the same limit that was given to last year’s U.S. Marshals Service Commemorative Three-Coin Set, which went on to sell a total of 14,984 units. Prices for the silver and clad N.P.S. coins can be viewed below, while the cost of the gold coins will become official closer to their March 24 release date…  Full article at the source>

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

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2016 American Eagle Gold Proof Coins

March 17, 2016 in Blogs, Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, US Mint, USA Coins

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

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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 as 1/10-ounce, 1/4-ounce, 1/2-ounce, and 1-ounce versions. A four-coin set containing all of these issues is also currently available for the price of $2,890. There are no sales restrictions or production limits in place for these coins.

16ec_aSMALLLerThe Gold Eagle obverse features a classic design by Augustus Saint Gaudens, originally featured on double eagles from 1907 to 1933… Full article at the source>

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

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U.S. Mint Running Low on Silver and Gold Numismatic Inventory

March 7, 2016 in Blogs, Bullion, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

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The U.S. Mint is running low on inventory for the majority of its gold and silver numismatic products.

Seven of eight America the Beautiful five-ounce silver Uncirculated coins are currently listed as “Sold Out” or “Unavailable” on the Mint’s Web site, with only the 2015 Homestead National Monument issue — which had sold 21,123 of a possible 30,000 units as of Monday — in stock on the Mint’s Web site. The Shawnee 5 oz. Uncirculated Coin, released less than two weeks ago, became Unavailable on March 3.

As noted in the comments of the last post, the… Full article at the source>

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

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2016 Patricia Nixon First Spouse Gold Coin Images

February 12, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, History, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Press Releases, Proof Coins, Uncirculated Coins, US Mint, USA Coins

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

16sa_cBOTH

The U.S. Mint has posted images of the 2016 Patricia Nixon First Spouse Gold Proof and Uncirculated Coins ahead of next week’s product launch. The designs for all three of this year’s First Spouse coins were just revealed earlier this week, following a formal unveiling ceremony for issues featuring Ronald and Nancy Reagan.

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Patricia Nixon 2016 First Spouse Series One-Half Ounce Gold Proof Coin

 

As noted previously, the obverse of the Patricia Nixon coin was designed by Richard Masters and sculpted by… Full article at the source>

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

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U.S. Mint Breaks Record with 5th Coin of the Year Award

February 10, 2016 in Art, Awards, Blogs, Coin Shows, Coins, Collecting, Commemorative, Competition, Design, Half Dollars, News, Numismatica, Numismatics, Prize Winners, US Mint, USA Coins, World Records

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

clad-half-dollar

The 2014 Baseball Hall of Fame Commemorative half dollar won the top prize at the Coin of the Year (COTY) Awards last week at the World Money Fair in Berlin. This if the fifth time the U.S. Mint has brought home the accolade, surpassing Italy’s four wins to set a new world record.

A Mint press release points out that while the Baseball Hall of Fame $5 gold issue won a COTY for Best Gold Coin, the clad version ultimately took home the overall prize because of the increased difficulty of striking a cupped coin in a copper-nickel clad composition. So… Full article at the source>

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

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2016 Reagan Dollar Images and First Spouse Design Selections (Updated)

February 9, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Dollar Coins, Education, Events, Gold, Gold Coins, History, New Releases, News, Numismatica, Numismatics, Precious Metals, Press Releases, US Government, US Mint, USA Coins

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

2016-presidential-dollar-coBOTH

The U.S. Mint unveiled the chosen designs for the upcoming Ronald Reagan Presidential $1 Coin and the Nancy Reagan First Spouse Gold Coins on Saturday, February 6, at a launch ceremony at the Reagan Presidential Library in Simi Valley, California. As noted previously, the event took place as part of annual celebrations honoring the President’s birthday, and was attended by several special guests and speakers.

Richard A. Peterson, the Mint’s Deputy Director of Manufacturing and Quality, spoke at the sunny but windy outdoor ceremony, noting that “the release of the Ronald Reagan Presidential $1 Coin and the Nancy Reagan… Full article at the source>

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

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Comparative January U.S. Mint Bullion Sales

January 26, 2016 in Blogs, Bullion, Coins, Coins for sale, Collecting, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

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Bullion sales have been strong during the first weeks of 2016, though the numbers have normalized a bit since the week of January 11, which kicked off the new year with a bang. American Eagle Silver bullion coins have already sold 5,727,000 ounces this month, more than any month in 2015. That’s also within 63,000 pieces of 2014’s highest monthly total (5,790,000), a number that is likely to be surpassed tomorrow.

Being as 2014 and 2015 have the two highest-ever sales totals for Silver Eagle bullion coins, this January’s running start does seem to point to another pinnacle year… Full article at the source>

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

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2016 Shawnee Five Ounce Silver Bullion Coins

January 25, 2016 in Blogs, Bullion, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, History, New Releases, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

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

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On Monday, February 1, the U.S. Mint will begin selling 2016 Shawnee America the Beautiful 5 oz. silver bullion coins to authorized purchasers. This will be the first ATB 5 oz. issue to be released in 2016 and the 31st overall since the series began in 2010.

Each ATB 5 oz. bullion coin measures three inches in diameter and 4.064 mm thick, and is composed of .999 silver. They are minted in Philadelphia but do not carry a “P” mint mark, unlike the Uncirculated issue, which is scheduled to go sale at the Mint on February 25.

As noted previously,… Full article at the source>

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

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U.S. Mint Explains ATB Proof Set Error, Drops Prices for Sets With Presidential Dollars

January 21, 2016 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Errors, New Releases, News, Numismatica, Numismatics, Offers, Quarters, US Mint

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

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The 2016 America the Beautiful Quarters Proof Set went on sale on January 11, only to be pulled a short time later and given the uncertain release date of “To Be Determined.” Some sets were purchased and shipped before the interruption, but we don’t know how many as the item has not been included on this week’s U.S. Mint sales report. Now Tom Jurkowsky, Director of the Mint’s Office of Corporate Communications, has issued a statement explaining the decision to halt sales of the set:

The United States Mint has suspended sales of its 2016… Full article at the source>

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

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