Coin Collecting News
On September 28, 2010, H.R. 1177 5-Star Generals Commemorative Coin Act was passed in the Senate. As the bill was previously been passed in the House on May 20, 2010, it now awaits the President’s signature to become law. The bill authorizes a new commemorative coin program to recognize the five U.S. Army 5-Star Generals: [...]
The prospects for the US Mint issuing American Palladium Eagles just got better. A bill introduced by Rep. Denny Rehberg of Montana seeking to authorize the coins was passed in the House of Representatives on September 29, 2010. H.R. 6166 American Eagle Palladium Bullion Coin Act of 2010 would authorize a new series of one [...]
One week after the bill H.R. 6162 Coin Modernization, Oversight, and Continuity Act of 2010 was introduced, it has been passed in the House of Representatives. The bill provides for a number of measures related to U.S. circulating coins and bullion. The majority of the bill involves increasing Congressional oversight of circulating coin production. The [...]
The United States Mint has revealed the final design selections for the upcoming 2011 Medal of Honor $5 Gold Coin and Silver Dollar. The commemorative coins will be issued next year for the 150th anniversary of the establishment of America’s highest award for valor in action against an enemy force. The program was authorized under [...]
The Italian State Mint (Instituto Poligrafico e Zecca Dello Stato) will issue in October a new collector coin in the EUROPA series, focusing on the subject of Italian art. This coin features the art and culture from Aquileia, an ancient Roman city in what is now Italy. The obverse of the coin includes a blueprint [...]
Later this year, the United States Mint will begin offering a new silver bullion investment coin. The coins will feature the designs of the America the Beautiful Quarters and contain five ounces of .999 fine silver. A recently introduced bill seeks to change some of the requirements for the coins. Reports indicate that production of [...]
“Gold Vaults to New High,” the front-page headline article in today’s issue of The Wall Street Journal quotes Patrick A. Heller, owner of Liberty Coin Service and Premier Coins & Collectibles in Lansing, Michigan, and Coin Update contributor. When asked about how record high gold prices had affected his business, Heller was quoted that Liberty [...]
The bill H.R. 6162 introduced on September 22, 2010 by Rep. Melvin Watt would provide the US Mint with the authority needed to strike Proof Silver Eagles, even if full demand for the bullion version of the coin remained unmet. The United States Mint is currently required to produce American Silver Eagle and American Gold [...]
During a House subcommittee hearing held in July, the Director of the United States Mint had requested that Congress delegate authority to the Secretary of the Treasury to select coin compositions. A bill recently introduced by the head of the subcommittee instead seeks to impose greater Congressional oversight of coin production. The Treasury of the [...]
More Indications of a Gold and Silver Supply Squeeze
Last Thursday, the US Mint sent a fax to its primary distributors informing them that supplies of the 2010 Gold Buffalo bullion coins had been sold out, as previously reported by CoinUpdate.com. The Mint stated that no additional inventory of 2010-dated coins would be available. Already, premiums are up slightly as some buyers scurry to [...]