Monday, February 28, 2011

Gettysburg National Military Park Quarter Available January 25

The United States Mint announced today that it will hold a launch ceremony to celebrate the release of the new quarter-dollar coin honoring Gettysburg National Military Park on Tuesday, January 25 at 11 a.m. Eastern Time (ET).

2011 Gettysburg National Park Quarter Design Gettysburg National Park Quarter Design - Click Coin Image to Enlarge

The ceremony will be held at the Gettysburg National Military Park Museum and Visitor Center.  Following the event, the public can exchange their cash for $10 rolls of the new Gettysburg National Military Park quarter

Attendees 18 years old and younger will receive a free quarter to commemorate the event.

In addition to the launch ceremony, the United States Mint will host a Coin Forum where the public will have an opportunity to ask questions and share their ideas about the future of the Nation's coinage.  The forum will be held Monday, January 24 at 5:30 p.m. ET in the Ford Motor Company Fund Education Center at the Gettysburg National Military Park Museum and Visitor Center.

The America the Beautiful Quarters Program is authorized by Public Law 110-456, a 12-year initiative to honor 56 national parks and other national sites.  Each year, the public will see five new quarters with reverse (tails side) designs emblematic of each featured national site.  The United States Mint is issuing the quarters in the order in which the honored site was first established as a national site.  The first five coins in the program were issued in 2010.

A digital image of the Gettysburg National Military Park quarter is available athttp://www.usmint.gov/pressroom/?action=Photo#AmericaTheBeautiful.

Additional information about the America the Beautiful Quarters Program can be found athttp://www.usmint.gov/mint_programs/atb/.

The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

[Coin Collecting News editor: For more information on the Gettysburg National Military Park Quarter, also check out this site's page: 2011 Gettysburg Quarter.]

Related posts:

Gettysburg National Military Park Quarter Launch Ceremony DetailsUS Mint Ceremonial Release of Gettysburg National Military Park QuarterTagged as: ,


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Thursday, February 24, 2011

America the Beautiful Silver Bullion Coins Relaunch with Price Controls

After putting the program on hold earlier this week, today the United States Mint has relaunched the eagerly awaited America the Beautiful Silver Bullion Coins. If primary distributors wish to purchase the coins from the Mint, they must agree to a new set of terms and conditions, which includes price caps and very specific guidelines for distribution.

Despite extremely limited mintages of only 33,000 coins per design, the coins technically represent a bullion series. By law, the coins must be distributed through the United States Mint's authorized purchaser network. A small group of 11 primary distributors are able to purchase the coins directly from the Mint based on the market price of silver plus a mark up of $9.75 per coin.

When one of the distributors started charging considerably more than their cost, customer complaints prompted the US Mint to put the program on hold.

The series has relaunched today with a new set of terms and conditions for authorized purchasers.

1.  Authorized Purchasers shall make available for sale to the public all 2010 America the Beautiful Silver Bullion Coins that they acquire.  The intention of this condition is to ensure that all 2010 America the Beautiful Silver Bullion Coins minted and issued by the United States Mint are sold to the public.

2.  Authorized Purchasers may charge to their customers a price no higher than ten percent above the price at which the Authorized Purchasers acquire 2010 America the Beautiful Silver Bullion Coins from the United States Mint.  Authorized Purchasers may charge their customers a reasonable shipping and handling fee; however, Authorized Purchasers may not charge any other fee, premium, or other expense to their customers to circumvent this ten-percent markup limitation.  The intention of this condition is to ensure that members of the public can obtain these coins at a reasonable and affordable purchase price.

3.  Authorized Purchasers must establish and enforce an order limit of one coin of each design for each household.  A household is defined as all persons of a family, or living as a family, at a single mailing address.  The intention of this condition is to ensure the broadest and fairest public accessibility to 2010 America the Beautiful Silver Bullion Coins, which are limited-mintage United States Mint products.

4.  Authorized Purchasers may not sell, either directly or indirectly, 2010 America the Beautiful Silver Bullion Coins to their officers or employees.  The intention of this condition is to ensure that 2010 America the Beautiful Silver Bullion Coins are available to the public and that Authorized Purchaser officers and employees do not have an unfair advantage over members of the public.

Although there was definitely a problem with the distribution system in this particular situation, by imposing price controls, the US Mint is treading into dangerous waters. There may be future implications for the authorized purchaser system and average consumers seeking to invest in gold or silver bullion.

Back in late 2008, the price of silver had plummeted to less than $10 per ounce. The rush to buy physical silver resulted in supply shortages, which pushed premiums to around 50% even for typically low premium products like 100 oz. silver bars. The United States Mint's American Silver Eagle bullion coins were typically sold for a $4.50 per coin premium or more.

This represented a mark up greater than 10% above the cost to the primary distributors who, at the time, were able to buy the coins directly from the Mint at a $1.40 per coin premium. There weren't many complaints to the Mint, presumably because all silver bullion products were priced at similar premiums.

The next time there is a silver supply shortage and premiums start to rise, will the US Mint seek to impose price controls for Silver Eagle bullion coins? How do you think that will work out?


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National Park Coin Single Mint Folder 2010-2021

National Park Coin Single Mint Folder 2010-2021Pre-Order Now. Ships January 2010. Whitman Deluxe Edition National Park Quarters Folder, 2010 2021, 60 openings, single mint. The National Park Quarters Coin Act of 2008 requires quarters, beginning in 2010, to have designs on the reverse depicting one national site in each state, the District of Columbia, and the territories of the United States. Fifty-six (56) different designs will complete the program from 2010 through 2021. Whitman folders are built from the safest archival safe materials known. 8.0" x 10.0" closed, 16.25" x 10.0" open.

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Wednesday, February 23, 2011

US Mint Gold and Silver Eagle Coin Bullion Sales Surge in November 2010

American Eagle Gold Bullion Coin

US Mint buyers handed out more money in November 2010 to purchase silver and gold bullion coins than in prior month(s) -- more than the previous two months for Silver Eagles and more than the past three months for Gold Eagles.

Combined, the US Mint sold 4,342,000 ounces of 2010 bullion coins in November. The majority of them of course were American Silver Eagle coins.

November 2010 was the biggest month ever for the silver pieces as sales reached 4.23 million. The record was taken away from December 1986 when buyers order 3.696 million Silver Eagles during the second full month following their introduction.

Two more Silver Eagle records were augmented. With still one month left in the year, 2010 annual sales hit 32,890,500. The previous record occurred last year at 28,766,500. Additionally, the year-dated Silver Eagle mintage record climbed to 32,523,000. Last year's 2009 Silver Eagle mintage record of 30,456,000 was taken out by the 2010 Silver Eagles in early November.

Demand for American Gold Eagle coins was solid. Buyers grabbed 112,000 ounces in November, which was up from October's 94,000 ounces, September's 88,000 ounces and August's 41,500 ounces. The biggest one-ounce size was the most attractive to buyers with sales of 107,500. For the first time since the fractional sizes launched in June, the smallest one-tenth ounce size trailed the one-half and one-quarter ounce Gold Eagles. From smallest to largest, the total ounces sold were 500, 1,000 and 3,000.

In year-to-date numbers, the US Mint has sold 1,160,500 ounces of Gold Eagles. That currently represents the 6th best year for the series. Another 19,501 ounces will bring this year to the fifth best. However, it is highly unlikely that 2010 gold sales will surpass those from 2009 which came in at 1,425,000 ounces.

For reference, last month and year-to-date bullion coin sales follow:

The numbers above for the gold coins are in ounces, not the number of coins sold.

December figures should be the most interesting in 2010. The month is typically one of the strongest of the year. Additionally, this December has added interested as the US Mint placed on sale today the new America the Beautiful Silver Coins.

These bullion coins are three inches in diameter, weigh five ounces and are composed of .999 fine silver. Each of five issues for this year are limited to a bullion mintage of 33,000, for a total of 165,000. The coins share the same designs as the circulating America the Beautiful Quarters®.

The 2010 America the Beautiful Silver Coins honor honor Hot Springs National Park in Arkansas, Yellowstone National Park in Wyoming, Yosemite National Park in California, Grand Canyon National Park in Arizona, and Mount Hood National Forest in Oregon.

Related posts:

July 2010 Silver Eagle Bullion Coin SalesGold and Silver Eagle Bullion Coin SalesTagged as: , ,


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Tuesday, February 22, 2011

Cute Pink Cupcake With Cherry PVC Coin Purse Bag

Cute Pink Cupcake With Cherry PVC Coin Purse Bag
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BCW Toploaders - 5.875 x 3.75 - Postcard Topload Holder - Top Load Display - (Pack of 25) - Postcards Collecting Supplies

BCW Toploaders - 5.875 x 3.75 - Postcard Topload Holder - Top Load Display - (Pack of 25) - Postcards Collecting SuppliesThe PVC used in BCW Toploads contain no plasticizers or stearates. Our high impact grade PVC does not migrate and will not harm your cards, photos, prints or currency, while offering maximum protection and visual appeal.

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Monday, February 21, 2011

2010 American Eagle Silver Bullion Coins Reach Three Milestones

2010 American Silver Eagle Bullion CoinThree new records for the 2010 American Eagle Silver Bullion Coins were set at various points in November: best annual sales, best Silver Eagle mintage, and the best ever month.

2010 became the best annual sales year when the Silver Eagles in early November topped their old yearly sales record of 28,766,500 from 2009.

The mintage milestone was broken last week. In atypical fashion and due to high demand, the US Mint sold the 2009-dated Silver Eagle into 2010 until they were sold out on January 12. The extra sales days in January...

Full Article: 2010 Silver Eagle Scores Three Records - CoinNews.net

Related posts:

American Eagle Bullion Coin Sales Figures: January, 2010US Mint 2009 Silver Eagle Bullion Coins Gone ForeverTagged as: , ,


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Sunday, February 20, 2011

The San Francisco Giants 2010 World Series Collector's Edition

The San Francisco Giants 2010 World Series Collector's EditionEvery complete game from the 2010 World Series® will be available to own in this one-of-a-kind 8-DVD collector's setâ??just in time for the holidays. Each definitive 2010 World Series game is presented in its entirety, preserving the complete, unedited footage of every World Series game and key postseason gamesâ??plus exclusive locker room celebrations and interviews.

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Saturday, February 19, 2011

Another Precious Week: Back on Track – Record Breakers

Gold, Silver, Platinum, and Palladium Weekly Recap

So the price of gold has broken the $1,400 mark, whatever.  The biggest news is that we shrug off records such as these being broken.

The pundits are saying that this is a “flight to safety”, to which we say that’s so last week.  Literally last week.  If you’re memory was at the top end of the gold fish scale (and we’re talking about market pundits here) you’d remember that the flight to safety was last week when all the other metals were going down but gold was up.

Now gold is up less than the other metals, and we know what that means.  Inflation, baby.  Sure enough, oil is up as well.  In fact gold really didn’t show much form until Friday, and that was only because of Chinese figures.

This inflation hedging should be slightly puzzling, after all the Quantitative Easing announcements were a few weeks ago and the bank rescues in Europe may have been mildly inflationary, but they are also a reminder that the whole thing could go down in a deflationary spiral that will hit precious metals.

That’s because we’re looking at the west.  As we’ve been arguing for some time the consumer demand in the east is where the action is.  And the Chinese are very worried about inflation.  China has released figures that have shocked the markets showing that the demand for gold is five times what it was last year.  This is about a third of the total consumer gold demand. The Chinese are scared stiff of inflation, which is going out of control, particularly with a weak currency due to the dollar link.

Precious metals are the answer, and China has historically been particularly fond of silver rather than gold.

Governments are also actively buying, particularly Russia which has overtaken Japan to become the eighth biggest Central Bank holding gold.  And they got the World Cup soccer competition.  Lucky Russia.

In the silver market the talk is about market manipulation and short positions, with some people speculating that the traders who took out the massive short positions need to cover their positions and actually buy silver.  Well perhaps.

Palladium and platinum have also proved to be very tight markets, with palladium getting to its highest price since April 2001.  Palladium in particular has a very narrow supply base, with much of the mines being in Russia.


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Friday, February 18, 2011

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Thursday, February 17, 2011

New Trademark Pack Of 1000 Tokens For Use In The Exciting Skill Stop Electronic Slot Machines

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Wednesday, February 16, 2011

State Quarter 1999-2009 Collector's Folder: District of Columbia and Territories (The State Quarter Series)

State Quarter 1999-2009 Collector's Folder: District of Columbia and Territories (The State Quarter Series)'The State Quarter program has made coin collecting cool. What other activity requires treasure hunting skills and knowledge of history, and delivers a decade of budding excitement, the thrill of the hunt for errors, and a renewed interest in U.S. history and state pride? Treat yourself and your favorite fan of State Quarters to this beautiful three-panel folder, with 60 slots and intriguing anecdotes about these history-making coins.

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Tuesday, February 15, 2011

MARINES Authentic Military Challenge Coin

MARINES Authentic Military Challenge CoinShow off your service with this solid metal, authentic military challenge coin. Features full color U.S. Marine Corps design. Eagle Crest, 2456.

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Monday, February 14, 2011

Plus Graded Coins Seeing Better Premiums

PCGS Plus graded coins are being snapped up wherever they are offered and sometimes at a significant premium to regular grades. I talk to a lot of dealers and I’ve been made aware of many private transactions where a Plus graded coin has brought a large premium. To be completely objective and eliminate any doubt it is best if we look at a few public auction transactions to report what PCGS Plus grades have brought in sales...

Full Article: Where's the Beef? - PCGS Blog

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Sunday, February 13, 2011

Hello Kitty Red Bow Tie Cute White Fleece Coin Purse Bag

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Saturday, February 12, 2011

America the Beautiful Silver Bullion Coins on Hold

The America the Beautiful Silver Bullion Coins should have been released on December 6, 2010, but instead the program has been delayed by the United States Mint. The delay was prompted by widespread complaints about secondary market prices, which had risen to more than two times the value of the 5 ounces of silver content.

As a bullion product, the coins were to be distributed through the US Mint's network of authorized purchasers. A small group of primary distributors would be allowed to purchase the coins directly from the Mint at a price based on the market value of the silver content plus a premium of $9.75 per coin. Because of the expected high demand for the coins and the limited mintage available, the Mint urged the primary distributors to keep prices reasonable.

At least one primary distributor began offering the coins for sale at a premium of around $130 per coin over the market value of the silver content. Other bullion and coin dealers further down the distribution chain began offering the coins for even higher prices. The situation ultimately led to a flood of complaints, which caused the US Mint to halt deliveries to primary distributors while they determined the best course of action.

Based on a statement provided by the US Mint, they are currently, "evaluating these reports and collecting information in order to assess the appropriate course of action to make certain that our customers are best served in the distribution of the coins, and to ensure the widest possible availability, accessibility and affordability of these coins."

The situation stems from the fact that each of the five 2010 America the Beautiful Silver Bullion Coins will have production of only 33,000 units each. The low mintage and high demand for the coins make them more akin to modern rarities than bullion coins. The other bullion coins distributed through authorized purchasers are produced in large quantities to ensure that they are priced and treated like commodities.

In order to accomplish their goals of "availability, accessibility, and affordability," the natural course of action for the US Mint would be to distribute the coins directly to the public. The US Mint has sold low mintage numismatic products to the public in the past. They have imposed ordering limits or other procedures deemed necessary to achieve fair and widespread distribution.

Unfortunately, this option does not seem to be allowed under the law authorizing the bullion series, which calls for the coins to be distributed through the authorized purchaser network.

Other seemingly logical options such as selling the 2010 releases into the following year or completely scrapping the program for 2010 are also not possible under law. The Mint is required to strike and make the coins available for sale. The bullion coins may only be available for sale during the year in which the corresponding circulating quarter dollars are issued.

Keeping in mind the legal requirements, what options does the US Mint really have for the America the Beautiful Silver Bullion Coins?

Distribute existing production through AP's and require them to keep prices at a "reasonable" level set by the US Mint. The problem with this option is that the US Mint can only impose such pricing requirements at the primary distributor level. Most primary distributors don't sell directly to the public, but resell to other bullion dealers. The retail prices would simply be marked up at the next level before reaching the consumer.Distribute the existing production through the National Park Service. The authorizing legislation allows the NPS to purchase the bullion coins directly from the Mint for resale to the public. Currently the NPS uses partner organizations or concessioners operating under contract to sell products at National Parks. Potentially, the NPS could create pricing and distribution guidelines for their concessioners to follow when offering the coins for sale. The US Mint could assist the NPS in formulating these guidelines.Increase the premiums charged to primary distributors to a higher level. It seems possible that the US Mint may have underestimated the costs of production anyway. One long time coin dealer stated that their calculations were likely based on much higher production levels, which would have allocated fixed costs over a greater number of units. The US Mint could recalculate the premium charged to primary distributors based on the actual limited production. This would prevent primary distributors from absorbing additional premiums, which were really just attributable to misallocated costs borne by the Mint.Increase the number of 2010 ATB Silver Bullion Coin minted to a level appropriate for a bullion product. The Secretary of the Treasury has discretion to establish the number of bullion coins available, so the number authorized could certainly be increased. However, with a complicated manufacturing process and less than one month to go, additional production is probably not be possible. Presumably, the low production level announced was the maximum number that the US Mint could reasonably produce before year end.Seek a change to the legal requirements for the coins. This would require some very prompt action from Congress, which seems unlikely. At mid year or earlier, the US Mint had asked for modifications to some of the more troublesome specifications for the 5 ounce bullion series. The bill containing these fixes (and a questionable modification to the Gold and Silver Eagle laws) was only recently passed in the House and Senate.

When the US Mint announced the halt of the America the Beautiful Silver Bullion Coin Program, I hope they realized that an easy solution was not apparent. Whatever choice they make to address the issues created by this year's coins will likely upset someone. Even though they haven't been issued yet, the coins have already been sold and resold on the secondary market based on a certain production and rarity perception.


View the original article here

Friday, February 11, 2011

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Thursday, February 10, 2011

How Much Gold and Silver Will the Treasury Secretary Determine is Sufficient to Meet Public Demand?

A bill, which seeks to provide greater Congressional oversight for circulating coin compositions, may have implications for the quantity of United States Mint gold and silver bullion coins that are available to precious metals investors.

The bill H.R. 6162 Coin Modernization, Oversight, and Continuity Act of 2010 primarily establishes rules for the Secretary of the Treasury to provide biennial reports to specified committees on the costs related to circulating coins, and make recommendations for new metallic materials or procedures. A final section of the bill deals with "meeting the demand for gold and silver numismatic items", although the implications seem to extend to bullion coins.

Following the cancellation of the 2009 Proof Silver Eagles, the United States Mint sought greater flexibility to produce numismatic versions of the coin. The Director of the United States Mint requested such authority be granted to the Secretary of the Treasury at a hearing of the Subcommittee on Domestic Monetary Policy and Technology on July 20, 2010. The chairman of the subcommittee Melvin Watt was the one who introduced the bill H.R. 6162.

The following is Sec. 4 of the bill:

Subsections (e) and (i) of section 5112 of title 31, United States Code are each amended by striking ‘quantities’ and inserting ‘qualities and quantities that the Secretary determines are’.

Here's how the law authorizing American Silver Eagles currently reads (emphasis added):

(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which— (1) are 40.6 millimeters in diameter and weigh 31.103 grams; (2) contain .999 fine silver; (3) have a design— (A) symbolic of Liberty on the obverse side; and (B) of an eagle on the reverse side...

And here's now the law would read if the bill H.R. 6162 is enacted (emphasis added):

(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities and qualities that the Secretary determines are sufficient to meet public demand, coins which— (1) are 40.6 millimeters in diameter and weigh 31.103 grams; (2) contain .999 fine silver; (3) have a design— (A) symbolic of Liberty on the obverse side; and (B) of an eagle on the reverse side...

A similar change occurs for subsection (i), which deals with American Gold Eagles.

The inclusion of the word "qualities" was necessary to accomplish the presumed goal of the legislation to allow the issuance of numismatic versions of the coins, but what about the added phrase "that the Secretary determines are sufficient"?

Is the amount of gold and silver bullion coins that the Secretary determines are sufficient to meet public demand different that than amount which will actually meet public demand?

Even under the strict existing standard, there have been extended periods of time when full public demand was clearly not being met. The sale of Gold and Silver Eagle bullion coins have been completely suspended for brief periods, and rationed for considerably longer periods. Most recently, Gold Eagles were subject to rationing from December 2009 until March 2010, and Silver Eagles were rationed from December 2009 until September 2010.

What will happen if the standard becomes less strict and more indefinite?

US Mint Bullion Programs at the Treasury Secretary's Discretion

Besides the American Gold and Silver Eagles, no other US Mint bullion programs carry the requirement to be produced in quantities sufficient to meet public demand. The language varies, but each program is effectively left to the discretion of the Secretary of the Treasury.

The 24 karat American Gold Buffalo coins, carry the requirements, "Not later than 6 months after the date of enactment of the Presidential $1 Coin Act of 2005, the Secretary shall commence striking and issuing for sale such number of $50 gold bullion and proof coins as the Secretary may determine to be appropriate, in such quantities, as the Secretary, in the Secretary’s discretion, may prescribe."

The subsection dealing with American Platinum Eagles reads: "The Secretary may mint and issue platinum bullion coins and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time."

And, the recently issued 5 ounce America the Beautiful Silver bullion coins: "The Secretary shall strike and make available for sale such number of bullion coins as the Secretary determines to be appropriate that are exact duplicates of the quarter dollars issued under subsection (t)"

Granted that there is no public demand requirement, but how is the Treasury Secretary doing with these other gold and silver bullion programs?

Inventories of the American Gold Buffalo bullion coins were completely depleted by the end of September 2010. At that point, the US Mint indicated that no further inventory of 2010-dated bullion coins would be made available.

The American Platinum Eagle has not been available in bullion format for more than two years. After final inventories were exhausted in late 2008, the US Mint indicated that the 2009 release would be delayed. The 2009-dated bullion coins were eventually canceled. The US Mint has not provided any information on 2010-dated bullion coins, and none have been issued to date.

The America the Beautiful Silver Bullion Coins went on sale to authorized purchasers today. The supply was so limited that the US Mint urged primary distributors to keep prices reasonable. Market forces took precedence and the bullion coins have been selling for double the silver value, or more.

Conclusion

So what is the difference between "quantities sufficient to meet public demand" and "quantities that the Secretary determines are sufficient to meet public demand"?

In practice, we shall see if this represents a different standard, but at this point the change in wording makes me uncomfortable.  I want the supply of gold and silver bullion coins to be determined by demand in the marketplace, not determined by unspecified criteria established by the Secretary of the Treasury.

As the bill has already been passed in the House and Senate, and only requires the President's signature to become law, it seems too late to do anything other than brace for the possible repercussions.


View the original article here

Wednesday, February 9, 2011

Presidential Dollars Coin Collecting Kit

Presidential Dollars Coin Collecting KitThe Presidential One Dollar Coin Act of 2005 was passed to honor those who have served the US as Commander in Chief. You can share a piece of this history by starting your own coin collection! Four coins are issued each year (beginning in 2007.)

This sturdy folder contains storage for all coins that are and will be issued, as well as a full-color, 64 page book of presidential knowledge and trivia. Packed with biographical and political facts about 41 men who have shaped and changed the history of our country.

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- Who founded the Peace Corps?

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Tuesday, February 8, 2011

The Ultimate Retirement Solution Kit Digital

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Monday, February 7, 2011

Buying Your Gold at the ATM

In May of this year, the very first gold vending machine in the world was installed and used. That’s right, a vending machine where a customer can purchase gold bars was put into place. It’s located in Abu Dhabi’s Emirates Palace hotel—a luxurious place that is frequented by billionaires and even royalty—and apparently, it’s been a success. Gold to Go, the company that owns and operates the machine has recently announced that it has plans to consider a US installation.

According to the company’s statements, “Gold to Go is a trading and sales concept which facilitates selling gold bars and coins independently from shop-based display and sales locations.”

Their vending machine in Abu Dhabi, sometimes referred to as a gold ATM, is actually covered in 24-carat gold. The machine works by dispensing gold in discrete black packaging. You can choose to purchase your gold in a number of different forms and weight. A small one-ounce bar is being offered as well as six different coins and 1, 5, and 10 gram bar options. Each is engraved to reflect the unique nature of the gold’s origin. The bars are stamped with the Emirates Palace logo while the coins bear the symbols of gold producing locales like Canada, Australia, and South Africa.

Gold to Go intends their product to target two different audiences. The first is the potential investor. Buying gold this way demystifies the precious metal, they claim. The vending machine can facilitate a private investment for those who would like to take advantage of the metal’s recent market popularity. It also makes a good souvenir for those travelers who can afford it.

The gold vending machines may be available to the public in the United States as early as next year. Currently, it is slated to have locations in both Las Vegas and Florida.


View the original article here

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Sunday, February 6, 2011

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Saturday, February 5, 2011

Australia’s Largest Gold Company Seeks to Expand West African Output

According to their recent statements, Newcrest Mining Ltd. is working to double gold production at their Bonikro mine on the Ivory Coast.

Newcrest is an Australian based company, whose operations extend to Papua New Guinea and Indonesia. Following a merger with Lihir Gold completed in August 2010, they became the world's fifth largest gold producer, in addition to being the largest producer within Australia.

It was through the company's takeover of Lihir Gold that they acquired their West African mine Bonriko. The mine produced 150,023 ounces of gold in 2009, but it will have to do better than that in the future to justify the company’s interests on the African continent.

Geoff Day, chief operating officer-offshore for the Melbourne-based company, told reporters that West Africa has a history of high level gold production. He believes that that history supports the company’s plans for the mine.

“Ideally, and this is not written in stone, if we’re going to have a presence in Africa, we’d be looking for something bigger. You’d have to think it would be in the order of 300,000-500,000 ounces. That would be something where you can say you can support a country presence.”

Newcrest Mining forecasts that their gold production will continue to increase. By 2014, they target a gold output of 3.75 million ounces, achieved through an annual increase of 8.2% from existing mines and projects.

Today their share price closed at A$40.24, down .44 for the day. Newcrest Mining Ltd (NCM:AU) has ranged from a 52 week low of A$29.73 to a 52-week high of A$43.71.


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Friday, February 4, 2011

Thursday, February 3, 2011

Art Marketing Resources from FineArtViews

As an artist, your website is your home base . . .your hub. - where you and your visitors connect. Since your web site is your home base, you need to make sure that it includes certain information and features that art collectors have come to expect.


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Cataclysm Insider

Hot Product on Warcraft's Latest Expansion Cataclysm. This Will Convert Like Hot Cakes. Quality Product Focusing on Gold Making in eBook and Video Format. iPhone App Available Free to Members.


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Wednesday, February 2, 2011

America the Beautiful Silver Bullion Coins on Sale December 6

The United States Mint is pleased to announce the release of its new America the Beautiful Silver Bullion Coins on December 6.

America the Beautiful Silver Bullion Coins The United States Mint will begin selling up to 165,000 of the 2010-dated America the Beautiful Silver Bullion Coins on Monday, December 6, 2010. A total of 33,000 have been authorized for each of the five 2010 bullion issues. The United States Mint will also make numismatic versions available during the first quarter of 2010. These collector coins will be uncirculated strikes with the five 2010 issues having an upper combined maximum mintage of 135,000.

The three-inch, five-ounce silver coins-the first of their kind produced by the United States Mint-are investment-grade coins with weight, content and purity guaranteed by the U.S. government.  The coins are struck in .999 fine silver.

The United States Mint America the Beautiful Silver Bullion Coins will be available through an established network of Authorized Purchasers that will in turn make them available on the secondary market.  To find a bullion retailer, visit http://www.usmint.gov/bullionretailer or call 1-800-USA-GOLD (872-4653).  The cost of the coins will be determined by the current market price of silver plus a moderate premium to cover minting, distribution and marketing costs.

The maximum first year mintage for the America the Beautiful Silver Bullion Coins is 165,000 units--33,000 units for each of the five coins issued in 2010 in honor of Hot Springs National Park (Arkansas), Yellowstone National Park (Wyoming), Yosemite National Park (California), Grand Canyon National Park (Arizona) and Mount Hood National Forest (Oregon).  Maximum mintage levels for the 2011 and future bullion coins have not yet been determined.

A numismatic version of the three-inch, five-ounce silver coins, also minted in .999 silver, will be available for purchase directly from the United States Mint during the first quarter of 2011.  The maximum mintage for these collector versions is set at 135,000 units-27,000 units for each of the five 2010 coins.  The United States Mint will strike all 2010-dated numismatic coins by the end of the year, as required by law.  Additional information about the release date and pricing for the America the Beautiful Five Ounce Uncirculated Coins will be available at a future date.

Both the bullion and numismatic versions of these coins are legal tender and bear designs that are exact duplicates of those featured on coins released through the United States Mint America the Beautiful Quarters® Program.  The fineness and weight are incused on the coins' edges.  The bullion version, like its American Eagle Bullion Coin counterparts, will bear no mint mark.  The numismatic version will bear the "P" mint mark of the United States Mint at Philadelphia.

Public Law 110-456, Title II-the "America's Beautiful National Parks Quarter Dollar Coin Act of 2008"-authorizes the United States Mint to mint and issue .999 fine silver bullion coins replicating each of the designs featured on the America the Beautiful Quarters in quantities the Secretary of the Treasury deems appropriate.  The numismatic coins are being produced under authority 31 U.S.C. §5111(a) (3), which provides the Secretary of the Treasury with broad authority to design, produce and sell numismatic items.

About United States Mint

The United States Mint, created by Congress in 1792, is the Nation's sole manufacturer of legal tender coinage and is responsible for producing an adequate volume of circulating coinage for the Nation to conduct its trade and commerce.  The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

[Coin Collecting News editor: For additional information on the series, visit sister site America the Beautiful Silver Bullion Coins.]

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America the Beautiful Silver Bullion Coins AvailableDetails Sharper in 5-ounce America the Beautiful Silver CoinsTagged as: ,


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Tuesday, February 1, 2011

New Trademark 500 Pack Of Tokens For Use In The Exciting Skill Stop Electronic Slot Machines

New Trademark 500 Pack Of Tokens For Use In The Exciting Skill Stop Electronic Slot MachinesFor use in the exciting "Skill Stop" electronic slot machines, this is a refill of 500 tokens.Solid stamped metal, these tokens feature various designs and are about the size of a United States quarter.24mm Hit the jackpot and listen to hundreds of these tokens chime in the money collector!

Price: $81.07


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