Welcome back to Something About Coins! Limitations on the America the Beautiful 5-ounce silver bullion coins continue to exacerbate dealers and collectors. The first article quotes a couple of frustrated dealers, while the next two articles conveyed collectors perspective and U.S. Mint sales details. Also examined in today's coin news were older proof-only gold coins and bags of 1,000 silver dollars. Enjoy!
Dealers Confused by New America the Beautiful Sale Rules, NumisMaster.com
Dealers say new rules imposed by the U.S. Mint on the sale of 5-ounce silver bullion coins are far from clear. "I think there is some question on exactly how those rules apply, and we don't have answers to the questions," said Michael Haynes, CEO of American Precious Metals Exchange, one of 11 companies authorized by the Mint to sell the new America the Beautiful coins. APMX has ordered 3,000 sets, the maximum allowed per distributor. "We have ordered them. That's good. We're players, but we need to understand the rules," Haynes said. New rules say the authorized ... Click for coin article
Visions of silver profits dance in their heads, blog.numismaticnews.net/buzz
Time slows down at this time of year. Kids are waiting for their Christmas presents. Hobbyists are waiting for presents of another sort. They want a set of the new America the Beautiful 5-ounce silver bullion coins. With a total available supply of 33,000 sets, many are seeing dollar signs before their eyes. They figure getting a set will allow them to resell it at a guaranteed profit. There is great tension in the air. Many are concerned they will be denied their opportunity to profit on this seemingly sure thing. Today is the deadline by which each of the ... Click for coin article
75,000 America the Beautiful Silver Bullion Coins Sold, CoinNews.net
The US Mint has reported opening sales figures of 75,000 for the 2010 America the Beautiful Silver Bullion Coins. That is the amount Authorized Purchasers (AP's) ordered when the three-inch, five ounce bullion coins re-launched on Friday, December 10. A total of 165,000 are made available this year, which leaves 90,000 left. The sales level does not indicate demand in this case, since the coins are not sold directly to consumers. Further, many of the Mint's AP's who can order them are still evaluating the new terms and conditions they must abide by if they take their allocated ... Click for coin article
Proof-Only Gold Coins, RareGoldCoins.com
The presence of a number of important Type Three Proof Liberty Head double eagles in the upcoming 2011 FUN auction got me to thinking about Proof-only United States gold coins. What are these coins, why are they important and do they deserve the market premiums they enjoy? A Proof-only coin is an issue that exists only in a Proof-only format where business strikes could have been produced as well. These coins exist in a variety of denominations but for this blog, we'll focus on the ones in various United States gold series. Some of the most famous Proof-only ... Click for coin article
NGC Expands Early Releases, NGCcoin.com
Popular designation is now available for all US and World Mint issues received by NGC during their first 30 days of release. Effective immediately, NGC is expanding the Early Releases designation. All US and World coins received by NGC or an NGC-approved depository within their first 30 days of issue will be eligible for the Early Releases designation. This includes bullion, currency and numismatic coinage issues. Previously, only US bullion coinage qualified. All coins designated Early Releases include the text EARLY RELEASES within their description on the NGC ... Click for coin article
Treasury held biggest hoard, NumismaticNews.net
It was without a doubt the greatest single treasure in the history of American numismatics and it was available for face value. The treasure in question was not the buried loot of a gang of bank robbers or the accumulation of some character who did not trust the government. In fact, it was the treasure of the government itself and for decades it was stored and simply paid out to anyone who would show up with $1,000 as for that price they could receive a bag containing 1,000 silver dollars and there were bags enough to hold hundreds of millions of dollars at one time ... Click for coin article
Thanks for reading!
