Platinum at All Time High, Mint Suspends Platinum Eagles

Platinum has been on a tear lately, yesterday exceeding $2,000 per ounce for the first time, and today trading at $2,056 per ounce. The reason behind the recent rise is lowered output from platinum producers due to power cuts in South Africa.Year to date, platinum has now risen over $500 per ounce. Dave Harper, I think astutely, advises caution for anyone seeking to jump into the market at this … [Read More...]

James Monroe Dollar Bags and Rolls Available Tomorrow

Tomorrow, February 14, 2008 at 12:00 PM ET, bags and rolls of the James Monroe Presidential Dollars will go on sale at the US Mint.The coins are specially packaged in canvas bags or specially packaged rolls which bear the US Mint logo. 250 coin bags are priced at $319.95 and 25 coin rolls are priced at $35.95. Coins are available from either the Philadelphia or Denver Mints.Tomorrow will also … [Read More...]

Reduced Pricing for Bald Eagle Commemoratives Ends February 14

On February 14, 2008 at 5:00 PM ET, the introductory pricing for the popular Bald Eagle Commemorative Coins will end. After that time, coins will be available at the higher regular prices.The following tables shows the current introductory prices and the impending regular prices. Current Price Regular Price Increase $5 Gold Proof $ 294.95 $ 319.95 $ … [Read More...]

Should We Make Cents? on 60 Minutes

On Sunday, Morley Safer of 60 Minutes took a look at the question "Should We Make Cents?"I think the story was skewed towards the opinion that cents are unnecessary, but it still makes for some interesting watching and discussion whatever your opinion of the penny.The story included interviews with Edmund Moy US Mint Director, Stephen Dubner Freakonomics Co-Author, Mark Weller of Americans for … [Read More...]

Statement from the US Mint on Storm Imact to Deliveries

As mentioned briefly in an earlier post, severe storms in the South have caused damage to the U.S. Mint's fulfillment center in Memphis, Tennessee. This will cause shipments to be delayed for one to two weeks during clean up operations.Here is the statement from the Mint via Dave Harper:Severe Storm Impact On United States Mint Order FulfillmentFebruary 8, 2009The severe weather that struck … [Read More...]

Bald Eagle Commemorative Sales Figures

Bald Eagle Commemorative Coins have been on sale for just over 3 weeks. The coins have been selling briskly despite a major glitch that coincided with the initial start of sales. During the first 8 days of sales, the US Mint's online catalog was unavailable and coins could only be ordered by telephone. In addition, the coins are still subject to ordering limits which may be curbing some bulk … [Read More...]

2007-W Burnished Platinum Eagles Sold Out?

Have the 2007-W Burnished Platinum Eagles finally sold out at the US Mint? As of the writing of this post, the 1 ounce, 1/2 ounce, 1/4 ounce, and 4 coin set are no longer on sale with the message "Product is Not Available." The 1/10 ounce coin remains on sale at the adjusted price of $229.95. The 2007 Proof Platinum Eagles and 10th Anniversary Platinum Eagle Set also remain on sale.The … [Read More...]

Monroe Dollars Struck on Quarter Planchets

CoinWorld has recently published a story about a major new Presidential Dollar Error. The US Mint apparently struck between 70,000 and 140,000 Monroe Dollars on State Quarter planchets. Instead of using the manganese-brasss clad dollar planchet, the copper-nickel clad quarter planchets were used.Although a large number of the error coins were struck, they were detected during the coin wrapping … [Read More...]

2007-W Burnished Platinum Eagles Back on Sale

In addition to the 2007-W Burnished Gold Eagles going back on sale, the 2007-W Burnished Platinum Eagles also went back on sale last night. These collectible versions of the platinum bullion coins are struck on specially burnished blanks and carry the "W" mint mark. Sales were recently suspended due to the rising price of platinum.The coins are shown as available for purchase here. Note, prices … [Read More...]

2007-W Burnished Gold Eagles Back on Sale

As of last night, it looks like the 2007-W Burnished Gold Eagles are back on sale at the US Mint. These are the collectible versions of the popular bullion coins. They have been struck on specially burnished blanks and carry the "W" mint mark. Sales have been suspended for several months due to the fluctuating price of gold.The coins are shown as available for purchase. Note that the prices … [Read More...]