Tuesday, February 26, 2008

2007-W Burnished Silver Eagles Sold Out?

Posted by Mint News Blog | Filed Under: Silver Eagles


As of yesterday, the 2007-W Burnished Silver Eagles are no longer available at the Mint. These are the special collectible versions of the American Silver Eagles that are struck on burnished blanks and carry the “W” mint mark.

Many will remember that these coins seemed to have sold out in late November, however, they reappeared for sale in late December. Apparently, the Mint had run out of packaging for the coins and had pulled the offering, only to resume sales when the packaging issues were resolved.

This time around, it does seem to be a sell out, however at this point it is still uncertain especially after prior apparent sell outs. The price of silver has been making new recent highs, now trading at $18.17 per ounce. The coins were priced at $21.95, so it is possible that sale have just been suspended due to metals prices.

It should also be noted that although this ordering option for the coin is no longer available, the 2007-W Burnished Silver Eagle is still available from the Mint as part of the 2007 Annual Uncirculated Dollar Coin Set. This set contains the four 2007 Presidential Dollars, a 2007-D Sacagawea Dollar, and the 2007-W Burnished Silver Eagle for a price of $31.95.

Related:
100 oz Silver Bars
Junk Silver

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Monday, February 25, 2008

2008 State Quarters Silver Proof Sets on Sale Today

Posted by Mint News Blog | Filed Under: Annual Sets, State Quarters


Sales of the 2008 State Quarters Silver Proof Set will begin today February 25, 2008 at 12:00 Noon ET.

This set will include 90% silver versions of the 2008 State Quarters featuring:

  • Oklahoma Quarter – “Scissortail Flycatcher”
  • New Mexico Quarter – “Land of Enchantment”
  • Arizona Quarter – “Grand Canyon State”
  • Alaska Quarter – “The Great Land”
  • Hawaii Quarter – “King Kamehameha I”

The sets are priced at $25.95, which is the same price as last year’s State Quarter Silver Proof Set. The Mint’s product page is located here, although ordering won’t be available until later today.

The 2007 State Quarter Silver Proof Sets are still available for sale here.

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Friday, February 22, 2008

Elizabeth Monroe First Spouse Gold Pricing

Posted by Mint News Blog | Filed Under: First Spouse Gold Coins


The US Mint recently posted the pricing, ordering options, and maximum mintages for the Elizabeth Monroe First Spouse Gold Coins. Prepare for some sticker shock.

The proof version of the coin is priced at $619.95. The uncirculated version of the coin is priced at $599.95.

The maximum mintage will be 40,000 across all product options. The ratio of proof and uncirculated coins will be determined by demand within the 40,000 maximum.

Initially there is a limit of one coin per product per household.

These prices are a leap and a bound above prices for the prior and first three coins of the series. The Dolley Madison coins were recently offered at $529.95 and $509.95. The Washington, Adams, and Jefferson coins were offered at $429.95 and $410.95.

Notably, the Dolley Madison coins are still available for sale on the US Mint’s website even though these prices will be significantly below the prices for the Elizabeth Monroe coins.

The reason behind the continued rise in offering price for the series is the corresponding move in gold. Since each First Spouse coin contains one-half ounce of gold, the Mint must continue to mark up prices as the metal rises. This is without a doubt having an impact on sales.

The first three coins of the First Spouse Gold series each sold out within one day. It is becoming apparent that this performance will not be repeated. The natural waning of interest as the series moves on combined with the escalation of the prices is turning many collectors off the series. Some collectors who had intended to assemble a complete set of the coins may be getting priced out of the market. Others may have moved on to the next series like the Bald Eagle Commemorative Coins.

Long term this may create some opportunities through lower mintage coins. Short term, don’t expect any more sell outs.

Related:
First Spouse Gold

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Thursday, February 21, 2008

Five Popular Coin Forums You Should Check Out

Posted by Mint News Blog | Filed Under: US Mint


Several weeks back, I took a look at five coin blogs you should be reading. For some time I have wanted to do a few follow up posts on similar topics. There are many excellent resources for coin collectors on the internet and many more surfacing each day. Today I will highlight five popular coin forums.

Forums can be a great place to meet like minded collectors and discuss coin related issues in an open format. Membership on the forums is free and usually only takes a few minutes. On all of the forums, you will have the opportunity to find a lot of knowledgeable people with incredible collections. If you don’t already regularly visit a coin forum, here are five of the most popular that you can check out.

Collector’s Universe Forums – Collector’s Universe is the parent company of PCGS. The U.S. Coin Forum is probably the most active of the coin forums with new threads popping up every few minutes. If news is breaking, its already being discussed here.

Collector’s Society Message Boards – Collector’s Society is run by Certified Collectibles Group, the parent company of NGC. This forum is not as active, but there is a useful “Ask NGC” section where you can get quick answers from NGC related to submissions.

Coin Talk – Quality forum with a smaller but active membership. Discussions are usually thought provoking and insightful. They offer a free advertising section for members.

Coin People – Another quality forum with smaller membership ranks. They offer numerous specialized numismatic forums for country specific coins, exonumia, errors and varieties.

Coin Community Forum – Part of the Coin Community Family, centered around education and family friendly interaction. This is a fairly active forum with a larger membership.



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Monday, February 18, 2008

Elizabeth Monroe First Spouse Gold Release Date February 28

Posted by Mint News Blog | Filed Under: First Spouse Gold Coins

The US Mint recently published February 28, 2008 as the release date for the new Elizabeth Monroe First Spouse Gold Coin.

This will be the fifth coin of the First Spouse Gold Coin Program and the first to be released in 2008. The obverse of the coin features a portrait of Elizabeth Monroe who served as First lady from 1817 to 1825. The reverse of the coin features the First Lady at the reopening of the White House on January 1, 1818 following its burning at the hands of the British in 1814.

Following the specifications of the prior coins in the series, the coin will have a $10 face value and contain one half ounce of 24 karat gold.

So far, the Mint has not published the offering prices or ordering limit for the Elizabeth Monroe coin.

The Dolley Madison coin, which was the fourth coin of the series is still available for sale at the US Mint. The prices are $529.95 for the proof version and $509.95. When the coin was first released, the Mint had imposed an ordering limit of one coin per household, although this limit has now been raised to ten.

Related:
Elizabeth Monroe First Spouse Prices
First Spouse Gold


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