The nominees for Krause Publications 2014 Coin of the Year Awards were recently announced. There are a total of 99 different nominees from 48 countries across ten categories. Winners will be selected for each category along with an overall winner, with the awards to be presented at the World’s Fair of Money in Berlin. I wanted to take a post to highlight the United States Mint’s two nominees for 2012-dated coins.
Last year, the US Mint had only a single nominee which did not win an award. This year, the chances seem more favorable as both nominees carry bold and well executed designs which create a lasting impression.
The first nominee is the 2012 Silver Proof Hawai’i Volcanoes National Park Quarter for the category of Best Silver Coin. The reverse of the coin was designed and engraved by Charles L. Vickers and features a dramatic depiction of an eruption on the east rift of Kilauea Volcano. During the design evaluation phase, this design was strongly supported by both the CCAC and CFA as a “strong, single image”. In proof format, the design carries an interesting presentation with the eruption taking place against a mirrored field and the flowing lava shown as a mirrored surface.
The second nominee is the 2012 Star Spangled Banner Silver Dollar for the category of Most Inspirational Coinage. The obverse was designed by Joel Iskowitz and sculpted by Phebe Hemphill and features a depiction of Lady Liberty waving a 15-star, 15-stripe flag with Fort McHenry in the background. The design is emblematic of the Battle of Baltimore at Fort McHenry, which had served as the inspiration for the writing of the Star Spangled Banner. The reverse of the coin is designed by William C. Burgard III and sculpted by Don Everhart and features a waving modern American flag.
Interestingly, the obverse design was originally presented as a candidate for the smaller $5 gold coin. The CCAC recommended the design for use on the larger silver dollar paired with the selected reverse design. Together the designs “would convey a message about the endurance of the Republic and the of the flag from the time of the War of 1812 to the present.”
To my recollection, the US Mint has not won a COTY Award in at least three years. It would be nice to see that unfortunate streak broken.
Gold and Platinum Numismatic Product Price Increase Likely
Based on the available data, it seems likely that prices for the United States Mint’s gold and platinum numismatic coins will be increased tomorrow. Prices for these products are adjusted as frequently as weekly based on the average London Fix prices of the metals.
The weekly average price of gold from the prior Thursday AM to the current Wednesday AM will likely fall into the $1,300 to $1,349.99 range. This is one tier higher than the range used to establish current prices. In the most likely scenario, as long as the Wednesday PM Fix price is above $1,300, then a price increase would take place. Prices would be raised by the equivalent of $50 per ounce of gold content.
The weekly average price of platinum for the period will likely fall into the $1,400 to $1,449.99 range. This would be one tier higher than the range used to establish current prices. In the most likely scenario, as long as the Wednesday PM Fix price is above $1,400, then a price increase would take place. Prices would be raised by $50 per ounce of platinum content.
Pricing adjustments have typically been implemented mid-morning on Wednesday after the London PM Fix prices are known.