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Sunday, November 16, 2008

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Burnished Gold and Silver Eagles - US Mint Keeps Collectors Guessing

By Michael Zielinski

In 2006 the US Mint started offering collectible versions of the popular Gold and American Eagle silver dollars. These collectible versions have two main distinctions from the standard bullion versions of the coins. First, they are struck on specially burnished blanks. Second, they carry the 'W' mint mark to designate mintage at the West Point Mint. These burnished versions seem to present a good opportunity for collectors since they usually end up with mintages significantly lower than for the regular bullion version. This year's sales have followed a less than typical path that have kept collectors guessing about the series.

Burnished Gold Eagle Sales

Sales of the Burnished Gold Eagle coins have been impacted by the rising price of gold. Since the Mint sells the coins at fixed prices, if the price of gold rises too much, sales are suspended until they can reset prices to more appropriate levels. Sales have been suspended twice this year- first in October and most recently on November 5th. As of today, Burnished Gold Eagle sales are still suspended at the Mint.

The Mint website lists the following message for the Burnished Gold Eagle:

Due to the increasing market value of gold, the American Eagle Gold Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.

Will the 2007-W Burnished Gold Eagles ever go back on sale? If not, the coins will end up with some incredibly low mintages, which may drive higher prices in the secondary market. The suspensions have reduced the amount of time the coins have actually been on sale and the most recent suspension has dragged on much longer than expected.

Burnished Silver Eagle Sales

Sales of Burnished Silver Eagle coins have been impacted by packaging issues and an unexpected product offering. The coins had been selling briskly throughout the year, and then on November 22, they appeared to be sold out at the Mint. Many collectors thought that this would be the last time the coins would be available directly from the Mint at the standard issue price.

On December 3, the Mint released a batch of new Presidential Dollar products. One of the products was the 2007 Uncirculated Dollar Coin Set, which includes the 2007-W Burnished Silver Eagle. This unexpected product meant that collectors could still obtain the Burnished Silver Eagle from the Mint by purchasing this set.

On December 21, the Mint put the individual option of the Burnished Silver Eagle back on sale. According to a widely read coin publication, the brief halt of sales was due to a packaging issue. The issue had been resolved and the coins went back on sale.

This constant guessing game with the Burnished Silver Eagles has frustrated many collectors. With sales in two different options continuing to drive mintages and distribution, this year's coin probably will not experience the significant secondary market price increase seen for last year's coin.

While the guessing game with the Mint has potentially created opportunities via the Burnished Gold Eagles, it has also created a roller coaster ride for the Burnished Silver Eagles. When the sales are officially closed out for these offerings, it will be interesting to see where mintages and secondary market prices end up.

About The Author

Michael Zielinski is an internet entrepreneur and coin collector. For further information on Gold Eagle coins visit Certified Gold Eagles. For up to date news on new offerings from the US Mint, visit Mint News Blog.

Paper Money & Coin Collecting Info

1840 $1,000 Bank of the United States notes: Any note with the serial number 8894 is a replica that was made in the 1960's for a promotional giveaway in cereal boxes. These replicas are essentially worthless. These replicas are made from yellowish-brown "antiqued" paper that is crisp and brittle to the touch. The genuine $1,000 Bank of the United States notes are printed on thin banknote paper that was originally white or cream colored. One supposes that if a genuine note with the serial number 8894 ever were to show up that it is likely to cause quite a stir among dealers and collectors who have grown weary of answering questions regarding this particular replica.
Buy silver dollars for a great investment.





In 2007 the Canadian Mint produced a 100 kg gold coin with a face value of $1,000,000, though the gold content was worth over $2 million at the time. It measures 50 cm in diameter and is 3 cm thick. It was intended as a one-off to promote a new line of Canadian Gold Maple Leaf coins, but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3 2007 there were five confirmed orders. Austria had previously produced a 37 cm diameter 31 kg gold coin with a face value of �100,000 ($153,000).
You can buy 1898 gold coins 5 grams in our store.

In 1955 U.S. Congress expanded the earlier law that stated that the motto "In God We Trust" could be placed on all U.S. coinage to one that required the motto to be placed on all coins and paper money. However, "In God We Trust" did not actually appear on U.S. paper money until after 1957. Since paper money is not dated yearly, but by series numbers that are based on changes in style and design, Series 1935G and 1935H Silver Certificates bear the motto because they were produced after 1957.
Buy mixed lots of silver dollars for a great investment.

More us gold and silver coins Information

Next up, John Adams Dollars

Wed, 28 Mar 2007 02:56:00 +0000
I went to the post office today to buy a book of 24 cent stamps (they're needed for that 2 ounce of postage). For years, I have been buying stamps from the vending machine in the lobby and I have...



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Mint designs released for 2009 Presidential Dollars

Thu, 30 Oct 2008 16:12:00 +0000
The United States Mint on Wednesday unveiled new designs for the 2009 Presidential $1 Coins featuring former Presidents William Henry Harrison, John Tyler, James K. Polk and Zachary Taylor.

In 2009, more than new Presidential portraits will grace the face of each dollar coin. Design enhancements include modified edge lettering and the moving of "In God We Trust" to directly below each Presidential image.

The relocation of the motto from the edge to the heads side of each $1 coin was sought after by many who felt "In God We Trust" was too hidden. Political support resulted in a mandated update from Congress. A new law was passed in late 2007 that empowered the U.S. Mint to place the motto in a more prominent position.

The edge modifications include . . .

Full story at: Link



Roman Age coins hoard declared a 'treasure trove'

Wed, 05 Nov 2008 16:17:00 +0000
One of the largest deposits of Roman coins ever found in Wales, UK, which consists of nearly 6,000 copper alloy coins, has been declared a treasure trove.

According to a report by BBC, the Roman coins hoard was found buried in two pots in a field at Sully, Vale of Glamorgan, by a local metal detector enthusiast in April.

Two separate hoards were found by the metal detectorist on successive days, one involving 2,366 coins and the other 3,547 coins, 3m away.

The 1,700-year-old coins dated from the reigns of numerous emperors, notably Constantine I (the Great, AD 307-37), during whose time Christianity was first recognised as a state religion.

Derek Eveleigh, from Penarth, who came across the hoards in a field of sheep, has kept his find a secret until the outcome of an inquest into the findings.

An independent committee will now value the coins.

Edward Besly, the National Museum Wales' coin specialist, has called the discovery . . .

Full story at: Link



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Our Featured Gold & Silver Coin Writer

Favorite Gold Coins to Collect for Investment

By Charles Roman

Why Gold American Eagle Coins are Popular among Collectors:

Gold coins are a favorite of coin collectors with an eye toward investment. Not only are gold coins lovely to behold, but they also have a value that is guaranteed, due to their precious metal content. The value of gold coins is usually higher than the value of their weight in gold bullion, making them a better investment than the gold market alone.

Many countries produce gold coins for collectors or for commemorative purposes. These coins oftentimes emphasize unique aspects of the country�s culture. Australia reveres its national animal with the Gold Kangaroo, for example, while China has a Gold Panda with a lovely design that changes every year. Canada�s coin features a powerful national symbol with the golden Maple Leaf, and South Africa mints the Krugerrand. One of the world�s best selling coins, the Krugerrand features the South African national animal, the Springbok. Taking its place as one of the most popular gold coins among investors and collectors, however, is the American Gold Eagle. The American Gold Eagle stands out among other bullion coins because of its lovely design, and because its value is backed by the full strength of the United States government.

The Beauty of American Eagle Gold Coins:

The Gold Eagle features a representation of Lady Liberty striding with torch in hand through a field of light rays on its front side. This image is inspired by a golden coin designed by Augustus Saint-Gauden and minted from 1907 to 1933. The Augustus Saint-Gauden Double Eagle is widely considered to be one of the most beautiful coins America has ever produced. On the flip side of the American Eagle gold coins is a nest full of bald eagles, the national bird of the United States. The nest represents the American dedication to unity and family. Furthermore, a special die is used when minting these coins, to bring the gold to an especially high shine and to make it easier to see small details in the design.

American Eagle Gold Coins have Guaranteed Value:

American Eagle gold coins are valuable not only for their lovely appearance, but also because they are the only bullion coin whose gold content is guaranteed by the United States government. Each American Gold Eagle is stamped with its exact gold weight, as well as its face value. They are minted from 22-karat gold, which by law must be pure gold bullion mined from within the United States. This guarantee of the authenticity of the precious metals used to make American Eagle gold coins is highly valuable to investors.

Buying American Eagle Gold Coins:

Golden American Eagles were first produced in 1985 and come in a variety of sizes and values, ranging from the 1/10th oz American Eagle coin with a face value of $5, all the way up to full ounce gold coins with a face value of $50. Remember that most gold coins are worth more than their legal tender amount. Although they re not available for purchase directly from the U.S. Mint, American Eagle can be commonly found for sale in coin shops, on the internet, by gold dealers, and at coin shows. There are also variations on the American Eagle that are minted from silver or platinum instead of gold.

About The Author

Coins and Coin Collecting, http://www.coinsandcoincollecting.com

Gold & Silver Coin Bullion Info







Some rare gold coins investments Stories

Investing in coins, stamps, timber and land...

Fri, 14 Nov 2008 17:18:00 +0000
When equity markets yo-yo, the housing market grinds to a halt, banks buckle and commodities crash, it is tempting simply to bail out of everything and hold your cash in a bag under the floorboards. But if you are looking for less extreme responses to the economic crisis, there's a strong argument for diversifying a chunk of your portfolio into assets with low correlation to other beleaguered sectors.

We have rounded up six options at different entry levels. Some are designed specifically to take advantage of weak markets, others play on enduring trends, such as global food demand or the international shift to sustainable wood sources, while others are simply less widely recognised as investment vehicles.

Of course, many alternative investments are relatively high risk, and they are not necessarily protected by Financial Services Authority regulations, so it is important to understand exactly what you are taking on before you part with your money. . .

Full story at: Link



Platinum inches higher, gold hits 7-week low

Wed, 06 Aug 2008 13:00:20 +0000
Speculators flocked into platinum on Wednesday after prices tumbled to a six-month low the previous day, while gold dropped to its lowest level in seven weeks before bargain hunters resurfaced.
But worries about falling demand for autocatalysts and poor car sales capped gains on platinum. Gold was under pressure from weak oil as well as a ...]

Hawaii coin ends popular state commemorative quarter program

Thu, 23 Oct 2008 22:59:00 +0000

With a big aloha to Hawaii, a new generation of coin collectors will soon shut their books on the U.S. Mint's popular 10-year state quarter program full of fond family memories and a fun dose of history.

While not terribly rare, considering about 34 billion were produced, the commemorative quarters have captured the frenzied fancy of kids and their parents as they've drawn extended family, tip-collecting waitresses and friendly bank tellers into the hunt.

Coveted by roughly 147 million collectors in the United States, the coins also have been lucrative for the mint, bringing in $3.5 billion in pure profit by the end of last year, excluding special-issue sets. Most popular program

The mint knew the program would be successful, said spokesman Michael White, "but it turned out to be even more popular than expected. This is the most popular coin program in history."

Come November, it will end with . . .

Full story at: Link



WWI: 90th Anniversary £5 Silver Proof Coin Series

Wed, 12 Nov 2008 05:14:50 +0000

The British Royal Mint has produced a series of 18 sterling silver proof coins commemorating the 90th anniversary of the end of World War I. The coins are issued under the authorities of Alderney, the Cayman Islands and the Solomon Islands and have a total collection limit of just 5,000.


WWI: 90th Anniversary £5 Silver Proof Coin, Recruitment theme by Royal Mint


According to the Mint, the commemorative themes were "designed by the Royal Mint Design Team, drawing inspiration from the art and literature of those who experienced the war first hand and from their own visit to the battlefields of France and Belgium."

Read the rest of this numismatic news article »


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