Welcome to Something About Coins! The hottest topic of the week has certainly been about silver. The U.S. Mint released their 2010 Proof Silver Eagles, but it has been reported that 2,200 of those orders were deleted, per the first article below. The Royal Canadian Mint is expecting a surge of silver coin sales, according to Bloomberg. And, a call to U.S. Senators is needed in order to repeal the new Form 1099 filing requirements, which is explained in the third article. More on silver American Eagles, Lincoln Dollars, and U.S. Mint coin sales wrap up today's coin blog. Enjoy!
US Mint Deletes 2010 Silver Eagle Proof Coin Orders, SilverCoinsToday.com
The US Mint today announced that it accidentally deleted a portion of early orders for its recently released 2010 American Silver Eagle Proof Coins. The Mint is still investigating the matter, but indications point to a system overload during the peak hour customers were hitting its website to order the new 2010 Silver Eagle Proof. The coins launched on Friday, November 19 at Noon Eastern Time. The US Mint estimates 2700 online orders were deleted beginning about two hours later and lasting until around 3:00 PM. Approximately 2200 of those were orders ... Click for coin article
Silver-Coin Sales May Surge 50% in 2010 as Demand Rises, Canada Mint Says, Bloomberg.com
Canada’s sales of silver coins will jump more than 50 percent this year and will continue to climb in 2011, said David Madge, the director of sales at the Royal Canadian Mint. “Sales of silver coins for 2010 are very strong and we expect them to be at least 50 percent higher,” Madge said in an e-mail, declining to give a forecast for this year’s sales. The Ottawa-based mint sold 10.3 million ounces of coins in 2009, he said. Silver futures have jumped 59 percent in New York this year as demand rose for precious metals as an alternative to currencies ... Click for coin article
Take Action: Support the 1099 Repeal, NumismaticNews.net
Your Action is Needed: Contact your Senators and urge them to support the Johanns Amendment when it comes up for a vote on Monday, November 29. On Monday, November 29, the Senate will vote on Senator Mike Johanns’ (R-NE) proposal to repeal the new Form 1099 filing requirements. The fully funded proposal will be considered as an amendment to the Food Safety Modernization Act, S. 510. Senator Max Baucus (D-MT) has proposed a Form 1099 repeal that is virtually identical to Senator Johanns’ proposal but lacks an offset to ... Click for news article
Silver Eagles, Lincoln Dollars Lead US Mint Coin Sales, CoinSalesFigures.com
No doubt the United States Mint has been busy — they launched five new products in a matter of days. The two best selling in the latest United States Mint coin sales figure report were the highly anticipated 2010-W Proof Silver Eagles and the Abraham Lincoln Presidential $1 Coins. Sets gained strength in this round, and the 2010 Proof Set increased the most by adding 34,059. The 2010 Silver Proof Set shot up 15,746 and the Mint Set rose 12,097. Not many collectors thought about numismatic gold items like the Proof Gold Eagles, Proof Buffalos and ... Click for coin article
US Mint November 2010 Coin Product Releases End, December in Focus, CoinNews.net
The US Mint in the last two weeks has completed its most hectic schedule of product issues for the year. The few remaining days left in November 2010 are expected to be silent ones for numismatic releases. Six major coin products were issued since mid-November. The following sections include a brief review of each, their debuting sales figures, and a glimpse at the upcoming United States Mint December 2010 products. Note: All of the described products may still be purchased directly from the US Mint by accessing its online store at ... Click for coin article
Silver bullion in demand, CoinValuesOnline.com
While bullion markets continue their wild fluctuations, demand for American Eagle 1-ounce silver bullion coins remains vibrant. In October, the United States Mint increased the premium charged to its authorized purchasers for American Eagle silver bullion coins from $1.50 to $2 per coin. The premium was increased in 2009 from $1.40 to $1.50 per coin and in 2008 from $1.25 to $1.40 per coin. While Proof American Eagle silver coins may be purchased directly from the Mint, the Mint sells the silver bullion coins only to dealers in minimum 25,000-coin ... Click for coin article
Thanks for reading!
