From the category archives:
The United States Mint will begin selling 2010 Buchanan’s Liberty First Spouse Gold Coins on Thursday at noon Eastern Time.
If the US Mint follows practice, its oldest First Spouse Gold Coin will go off sale before it launches Buchanan’s Liberty, which means Thursday morning is likely the last opportunity to purchase Sarah Polk First Spouse Gold Coins directly from the Mint...
Full Article: Final Day for Polk First Spouse Gold Coins? - CoinNews.net
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The American Numismatic Association urges its members to contact their members of Congress and ask to repeal a law that could significantly increase the paperwork burden on dealers and increase the risk of identity theft for all collectors who buy and sell numismatic material.
Under Section 9006 of the Patient Protection and Affordable Care Act, commonly known as health care reform legislation, businesses will be required to report all goods and services purchased in excess of $600 with an IRS 1099 form.
As written, the law would, beginning in 2012, require all coin dealers to report on IRS form 1099 all goods and services (totaled across a taxable year) they purchase from other dealers and customers in excess of $600...
Full Article: Collectors Urged to Help Repeal New 1099 Requirements - CoinNews.net
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Precious metal gains and losses kicked in new prices for United States Mint gold and platinum collector coins on Wednesday morning.
Normally U.S. Mint coins price adjustments go either up or down, across the board. However, the weekly average for platinum fell as gold rose, resulting in Mint coins moving opposite of each other.
The newly released 2010 American Eagle Platinum proof coin went from its launch price of $1,892 to...
Full Article: Platinum Eagle Prices Cut, Gold Coin Prices Raised - CoinNews.net
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The United States Mint anticipates it will strike up to 500,000 America the Beautiful 5 oz silver bullion quarter coins in 2010.
U.S. Mint spokesman Michael White said the five 2010 bullion coins, which will feature the same designs seen on each of the 2010 circulating quarters, will likely start getting pressed this fall.
Their premiums have not been revealed, although as bullion offerings they should be lower than typical numismatic coin premiums. The 5 ounce, .999 fine silver coins will have a huge diameter of 3 inches, which is nearly double that of the American Silver Eagle.
Full Article: 500,000 America the Beautiful Silver Bullion Coins - CoinNews.net
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The United States Mint finally placed the proof 2010 Boy Scouts of America Centennial Silver Dollar on official “Sold Out” status — weeks (if not months) after many had anticipated the event would occur.
2010 Boy Scouts of America Centennial Silver Dollars
This closes the final chapter on what has been an interesting roller-coaster for the commemorative coins that celebrate the 100th anniversary of the founding of the Boy Scouts of America. The proof coins launched on March 23, 2010, along with their uncirculated counterparts, to overwhelming demand...
Full Article: 2010 Boy Scouts Silver Dollars Sold Out - CoinNews.net
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Demand for Bullion 2010 Gold American Eagles climbed in July over June, owing mostly to a renewed interest in the one ounce coins. Conversely, sales of the smaller or fractional gold coins dropped drastically.
The United States Mint experienced a rush of orders for the fractional Gold Eagles on June 10 when they were first released to its network of authorized purchasers. Prior to that, buyers were only able to obtain the 1 oz coins which have been available all year long (although 2010-dated coins were only issued beginning January 19).
The debut month for 2010 fractionals saw 355,000 ordered, with the majority...
Full Article: July 2010 Gold Eagle Sales - CoinNews.net
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While an official announcement is yet to be made, the 2010 Proof Platinum American Eagle will be released August 12, 2010, at noon Eastern Time, according to a newly published United States Mint product page.
2010 American Eagle Platinum Proof Coin
The one ounce, 99.95 percent pure platinum coin is the second of six issues in a series celebrating the principles of American democracy as found in the Preamble to the United States Constitution.
Full Article: 2010 Proof Platinum Eagles Available August 12 - CoinNews.net
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The recent hearing on "The State of U.S. Coins and Currency" by the House Subcommittee on Domestic Monetary Policy and Technology yielded another interesting sub-topic aside from the increased chance for 2010 Silver Eagle proofs previously mentioned on CoinNews.
In fact, this topic proved to be a bit more contentious than the eagles as it invoked a miniature power struggle between the executive branch of the United States and Congress. At the heart of the matter is the makeup of American circulating coinage — its composition.
For sometime, Lincoln penny and Jefferson nickel production costs have been higher than their corresponding 1c and 5c face values. In Fiscal Year 2009, the US Mint estimated the cent cost $0.0162 to produce while the nickel...
Full Article: Coin Composition Debate Returns - CoinNews.net
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The incredible "Ship of Gold" exhibit, showcasing California Gold Rush-era sunken treasure recovered from the 1857 shipwreck of the SS Central America, will make port in Boston at the American Numismatic Association’s World’s Fair of Money, August 10-14 at the Hynes Convention Center. The exhibit is courtesy of Monaco Rare Coins of Newport Beach, Calif.
The SS Central America was recovered in 1988 from nearly 8,000 feet below the surface of the Atlantic Ocean. The ship sank in a hurricane in September 1857 while carrying California gold from Panama to New York City.
"There will be examples of historic assayers’ ingots as well as San Francisco Mint and California territorial gold coins with a combined value of over $10 million," said Adam Crum, vice president of Monaco. "One of the highlights is a huge Kellogg & Humbert ingot. Weighing just over 55 troy pounds, it is the largest surviving gold ingot of the California Gold Rush." ...
Full Article: 1857 SS Central America Shipwreck Treasures at ANA Show - CoinNews
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