Coin Collecting News
The British Royal Mint has issued a new coin honoring the 70th anniversary of the Premiership of Winston Churchill, which began in May 1940. The coin is part of an ongoing series of £5 crowns which make up the “Celebration of Britain” series, issued in conjunction with the 2012 London Olympiad. The coin features Sir [...]
On Wednesday, July 21, 2010, the United States Mint reduced the prices for available numismatic gold coin offerings. The price decrease follows the recent general decline in the price of gold. Although a few new aspects of the policy were recently revealed, the US Mint generally bases prices on the average London Fix prices from [...]
A bill requiring the Secretary of the Treasury to strike one ounce silvers medals in commemoration of the 10th anniversary of the September 11, 2001 terrorist attacks and the establishment of the National September 11 Memorial & Museum was recently passed in both the House and Senate. The bill H.R. 4684 had been introduced in [...]
Today, July 22, 2010, the United States Mint began sales of the 2010 Proof Set. This set includes a total of 14 coins across six denominations, struck in high quality proof format. One of the highlights of the 2010 Proof Set is the first five coins for the new America the Beautiful Quarters Program. This [...]
As the Republic of Estonia prepares for the adoption of the Euro on the 1st January 2011, the Mint of Finland has announced that coin production for the Estonian version of the single currency has begun. The appearance of the coins was decided by a public vote within Estonia. The winning design by Lembit Löhmus [...]
A statement by United States Mint Director Edmund Moy indicates that 2010 Proof Silver Eagles may be minted and issued later this year, following a possible amendment to existing law. The status of the popular collector coin has remained uncertain due to the continued high demand for the bullion version of the coin. The American [...]
Testimony delivered during a hearing of the House Subcommittee on Domestic Monetary Policy and Technology on “The State of U.S. Coins and Currency” revealed inefficiencies in the United States Mint’s procurement process for precious metals blanks. These inefficiencies have had a significant impact on the Mint’s ability to efficiently manufacture gold and silver bullion coins. [...]
On June 8, 2010, the United States Mint announced a new program which would allow individuals and businesses to order America the Beautiful Quarters in bulk quantities. The program was created as a response to the current economic conditions which make it difficult to obtain the new series of coins through the banking system. Under [...]
Global Economy Gets Closer To The Precipice
It seems apparent to me that, taken in total, the financial news points to a heightened risk of a near term major meltdown in the developed economies. Without going into details, let me just remind you of some of the issues that may be on the brink of exploding: European sovereign debt crises in Greece, [...]