Welcome to Something About Coins! People waiting to get the new America the Beautiful five ounce silver bullion coins in their hands might have to wait longer, because the U.S. Mint is investigating price gouging by their Authorized Purchasers according to the first article linked below. The reverse designs for the 2011 America the Beautiful Quarters were released and shown in the third article. More details regarding coin dealer Julian Leidman's stolen coins were published, and there was reportedly a major kink in the production of the latest batch of high-tech $100 bills - to the tune of $110 billion. Enjoy!
US Mint Delays America the Beautiful Silver Coin Launch After Price Complaints, CoinNews.net
The United States Mint planned on releasing its new America the Beautiful Silver Bullion Coins today. Interest in the debuting 12-year series is strong and the opening demand for them was as well — despite asking prices that were out of the park. It was the high prices that caused the US Mint to delay their launch. "The United States Mint is aware of reports of concern by many consumers about the high prices and premiums being charged in the market for the newly released America the Beautiful Silver Bullion Coins," said US Mint spokesman Michael White ... Click for coin article
Some new modern rarities, CoinValuesOnline.com
The U.S. Mint's Dec. 1 announcement that it is placing tighter than expected mintage limits on the new 2010 America the Beautiful 5-ounce .999 fine silver bullion quarter dollars may result in the creation of some new modern rarities. The large (3 inches in diameter) and undoubtedly impressive coins will surely be in hot demand, especially with such limited supplies. The bullion issues are made available to authorized dealers who then resell the coins to the market. The mintages are strictly limited to not more than 33,000 of each design – a sharp decline from ... Click for coin article
US Mint Reveals 2011 America the Beautiful Quarters Designs, CoinCollectingNews.org
The United States Mint on Wednesday, December 1, announced the designs for the second set of coins in its America the Beautiful Quarters Program. The 2011 quarters will bear reverse (tails side) designs honoring Gettysburg National Military Park (Pennsylvania); Glacier National Park (Montana); Olympic National Park (Washington); Vicksburg National Military Park (Mississippi); and Chickasaw National Recreation Area (Oklahoma). 2011 Gettysburg National Military Park Quarter Design (Pennsylvania): The Gettysburg National Military Park quarter ... Click for coin article
Montville coin theft case involved Manhattan jeweler, FBI says, nj.com
Court papers filed in New York identify the son of a Diamond District jeweler as the man who allegedly bought a multi-million dollar collection of coins and currency stolen in October 2009 from a Maryland coin dealer's van as he dined in a Montville restaurant. What the papers don't show is who the FBI believe was responsible for the theft. A complaint filed by FBI Special Agent Daniel X. McCaffrey, Jr. details how Yan Kandinov allegedly bought the cache for $80,000 from an unidentified individual who said they had "something for him to look at." ... Click for coin article
The Fed Has a $110 Billion Problem with New Benjamins, cnbc.com
A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes and to quarantine more than one billion of the bills in huge vaults in Fort Worth, Texas and Washington, DC, CNBC has learned. Initially scheduled for release in February of 2011, the new bills were announced with great fanfare by officials at the Treasury Department and the Federal Reserve in April. At the time, officials announced the new bills would incorporate sophisticated high-tech security features, including a 3-D security strip ... Click for article
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