Mint Gives Official Notice: 2016-Dated ASE and AGB Coin Production Is Finished

Update: In a Dec. 6 press release, the Mint says it has notified APs that “The United States Mint has sold out of 2016-dated American Eagle One, Quarter, and Tenth Ounce Gold Bullion Coins. We will continue to take orders for the remaining inventories of American Eagle One-Half Ounce and American Buffalo One Ounce Gold Bullion […]

Mint in Crisis: The Inside Story of the Bullion Crisis of 2008, Part 4

Conclusion of a four-part series. Part 1 can be read here; Part 2, here; Part 3, here. Great Progress, but Not Enough The combination of expanding both our production capacity and the planchet supply chain had the intended effect of increasing the production of precious-metal bullion coins at the United States Mint. American Eagle gold bullion coins […]

Mint in Crisis: The Inside Story of the Bullion Crisis of 2008, Part 3

Part 3 of a four-part series. Part 1 can be read here; Part 2, here. Expanding Production Capacity As a manufacturing organization, the United States Mint’s production capacity is limited by what a typical manufacturer is limited by: our leadership, our manufacturing processes, our human resources, and our space and equipment. Having the right leadership is […]

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

Part 2 of a four-part series. Part 1 can be read here; Part 3, here. 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. […]

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 […]

U.S. Mint Bullion Sales Strong, Except for Roosevelt 5-Oz. Coins

The Mint has released its bullion sales figures for the previous week. The sales figure for Theodore Roosevelt National Park 5-ounce silver bullion coins now registers at 30,500 units sold, an uptick of 1,000 units since the U.S. Mint’s reporting of last week. Combined sales for 2016’s four 5-ounce bullion coins are at 246,800 units, for a total of 1,234,000 ounces of silver. In comparison […]

U.S. Mint 2016 Bullion Sales; Roosevelt 5 oz. Bullion Coin Release Date (Updated)

Gold, silver, and platinum have all gained in value during the past week, making it an apt time to look at recent trends in U.S. Mint bullion sales. Platinum in particular has been quite visible of late, with prices rising just as the Mint begins issuing its 2016 American Eagle one-ounce platinum bullion coins. As […]

Price Decrease for U.S. Mint’s Gold Coins, Gold Mercury Dime Sales Update

The value of an ounce of gold has decreased by more than $52.30 an ounce in the last week, and today the U.S. Mint lowered prices on its gold collector coins. Gold’s current value is $1,220.60 per ounce, according to the London Bullion Market Association; this is well below the minimum for the previous pricing bracket, which […]