Welcome to Something About Coins! The U.S. Mint resumed American Eagle gold bullion sales. Below is the summary of that article and others.
Another update came out about the latest 2009 American Gold Eagle sales. The CoinCollectingNews.org staff wrote the U.S. Mint resumed fractional sized gold bullion coin sales today to authorized purchasers, but only a limited available quantity remained. The article claimed the 2009 total sold were already 83,000 half ounce coins, 90,000 quarter ounce coins, and 270,000 tenth ounce coins. As for the one ounce, those sales will resume tomorrow, Tuesday the 15th. For those of us waiting for the 2010 versions, CoinCollectingNews.org wrote, "Supplies of coin blanks would appear to be a potential issue next year as well."
Speaking of American Eagles, Steve Roach of Coin Values talked about the increasing demand for Proof American Eagles. The absence of a Proof 2009 gold or silver American Eagle has effected the market. He said prices of common-date Proof eagles are surging, but prices of scarcer Proof silver eagles have fallen below 2008 levels. Then he deduced that the law allowing Proof and Mint State American Eagles in Individual Retirement Accounts caused the surge, instead of increased collector-oriented demand.
Ken Potter posted an article about a rare error on 2008 Van Buren Presidential $1 coin's edge. It was the first Dropped Letter or Dropped Design type error he's reported on the edge of the Presidential dollars. The article included the photo of an upside down letter "A" stamped between the "S" and "T" of TRUST. He explained the difference between the more common Extra Characters type error and the rare Dropped Letter type - how they occur and their price.
The LA Times announced that the U.S. Mint stopped the frequent flier miles game on its $1 coin direct ship rolls program with free shipping. This new article is a follow up to last week's story by The Wall Street Journal. The LA Times stated, "The mint is now making a permanent fix to the problem, Jurkowsky said. In the future, credit card purchases will be recorded as cash advances rather than credit card purchases. Credit cards typically do not give reward points for cash advances."
CoinNews.net reported that Congressman Ron Paul introduced a bill banning taxes for coins and bullion. The House bill is called the Free Competition in Currency Act of 2009. In addition to the tax ban, the bill would end the government's control on what is considered legal tender, allow competition of private mints, and retroactively end prosecutions and convictions of citizens charged with operating mints. In Congressman Paul's introduction for the bill, noted in CoinNews' article, Paul specifically mentioned the raid on the Liberty Dollar mint. From what I've seen, the proposed bill is ... interesting.
I'll see you tomorrow!
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