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

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 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 Shares Info on Liberty Medals, Standing Liberty Gold Coins, and Proof Silver Eagles

Today the U.S. Mint provided us with some eagerly awaited information regarding three of 2016’s most anticipated products. First, the Mint has shared a notice on the Federal Register stating that the 2016 American Liberty Silver Medals, due for release on August 23, will be available for $34.95 each. Collectors will be able choose from […]

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 […]

U.S. Mint Lifts Allocation of Silver Eagles; Platinum Eagle Bullion Coins Coming July 25 (Updated)

The U.S. Mint will put an end to its allocation of American Eagle One-Ounce Silver bullion coins for the time being, according to Tom Jurkowsky of the Mint’s Office of Corporate Communications. Softening demand for the issues combined with consistent production on the part of the Mint has helped created a surplus that should allow […]

Silver Eagle and Reagan Coin & Medal Set Sales; Palladium Coins Update

Sales of American Eagle Silver Bullion Coins to the U.S. Mint’s authorized purchasers have dropped precipitously of late, leading to an ever-increasing buildup of inventory that could see the issues taken off of allocation in the near future. If the trend continues in the coming weeks, sales of Silver Eagles will no longer be on […]

Slower Sales of Silver Eagles Help U.S. Mint Build Up Inventory

Today, the U.S. Mint stated that it has an inventory of 2,204,500 American Eagle silver bullion coins available for sale to its authorized purchasers (AP’s) this week. This is by far the largest weekly allocation of Silver Eagles we’ve seen the Mint offer this year, excepting the week of January 11, during which four million ounces […]