Mint in Crisis: The Inside Story of the Bullion Shortage of 2008, Part 2

Coinage dies at the Philadelphia Mint, awaiting the production line. They will soon be used for striking American Platinum Eagles. (Source: American Gold and Platinum Eagles, by Edmund C. Moy)

What is the journey that one takes to be the focus of a congressional oversight hearing? For me, that journey had begun 29 months earlier. It was February 2008. I was sitting in my office at the U.S. Mint headquarters building. We were near Chinatown at 801 9th Street, NW. I was director of the Mint, and my large office was in the southwest corner of the building. Standing in front of me was my … [Read More...]

Mint in Crisis: The Inside Story of the Bullion Shortage of 2008, Part 1


Part 1: The Hearing “It still baffles me that we can’t make a planchet. . . . Isn’t this just pretty simple? This just really is confusing to me why this can’t be accomplished. . . . What would a businessman do about this? Would he always resort to going to Australia to do this? It just seems so bewildering that a problem that seems rather simple, that we couldn’t have had an easier solution for … [Read More...]

President Ronald Reagan and the Gold Bullion Act of 1985


The Gold Bullion Coin Act of 1985 (Public Law 99-185) authorized the United States Mint to manufacture and issue American Eagle gold and silver bullion coins. Next week, Mint News Blog will post a multi-part series giving an insider's view of the Mint's bullion program, written by former Mint Director Edmund Moy. The author will tell the story of the Financial Crisis of 2007 and the resulting … [Read More...]

“Invigorating the Coin Collecting Hobby,” Part 3: Customer Engagement, and the “Mint Customer of the Future”


This story was updated at 7:35 p.m. on 10/18/16 to include demographic data that the editor overlooked. — Diana Plattner, Mint News Blog editor At last week’s Numismatic Forum held by the United States Mint, much of the discussion revolved around the Mint’s customers, past and present. As the venerable institution nears its 225th anniversary (1792–2017), its officers seek “new engagement with … [Read More...]

“Invigorating the Coin Collecting Hobby,” Part 2: Get to Know the People at the United States Mint, the Smithsonian, and the American Numismatic Association


The U.S. Mint’s October 13, 2016, Numismatic Forum in Philadelphia was organized and attended by a good number of officers and staff from Mint headquarters in Washington, D.C., and from the Philadelphia Mint. Rhett Jeppson has worked at the Mint in the position of Principal Deputy Director since January 2015. He came to the Mint from a military background. His U.S. Marine Corps roles have … [Read More...]

Invigorating the Coin-Collecting Hobby: United States Mint Holds a Numismatic Forum in Philadelphia


On Thursday, October 13, 2016, U.S. Mint Principal Deputy Director Rhett Jeppson convened a numismatic forum at the Federal Reserve Bank in downtown Philadelphia. In attendance were nearly 100 coin collectors, dealers, researchers, curators, journalists, authors, publishers, American Numismatic Association officers and staff, Mint officials, and others interested in the future of the … [Read More...]

Reagan Coin & Chronicles Set: First-Day Sales Report


Early this afternoon the U.S. Mint announced that first-day sales of the Ronald Reagan Coin and Chronicles Set totaled 21,511 units. The Reagan set is the last in an otherwise very popular series whose members contain the only Reverse Proof Presidential dollar coins. The 2015 sets featuring Harry S. Truman and Dwight D. Eisenhower were released with production limits of 17,000 apiece, and each … [Read More...]

Reagan Coin & Chronicles Sets: Ordering Begins at Noon


This post was updated on October 11 at 1:30 p.m. to make note of the Reverse Proof strikes for the Presidential dollars in the 2015 sets. The Ronald Reagan Coin and Chronicles Set will be available to order on the Mint’s website today at noon. Each set contains: one 2016-S Presidential Reverse Proof $1 coin (composition: .770 copper, .120 zinc, .070 manganese, .040 nickel; weight: 8.10 g; … [Read More...]

Why Governments and Banks Want to Eliminate Cash


This article was slightly revised at 11:07 a.m. on October 7 to conform to MNB's editorial style. No substantive content was changed. In this commentary prepared for RCW Financial, economist Dr. Scott Sumner discusses why governments and banks may be eager to discourage the use of cash, and the resulting potential loss of anonymity and future negative interest rates. (Irvine, California) -- … [Read More...]

Predictions Divided on Theodore Roosevelt ATB 5-Oz. Uncirculated Silver


It’s the eve of the release of the 5-ounce America the Beautiful Theodore Roosevelt National Park Uncirculated coins, and collector opinions as to how the coins will sell are varied. In the big silver discs’ corner is their design, which has been well received in comment threads across the Internet. Collectors who have never purchased the Uncirculated 5-ounce issues are showing an interest in … [Read More...]