America the Beautiful Silver Bullion Coins

Welcome back to Something About Coins! The U.S. Mint will keep producing three inch America the Beautiful (ATB) Silver Bullion Coins, according to the first article. Two more articles discuss the buying frenzy of the recently released 2010 ATB silver bullion sets. A 2005 dated error coin from the Royal Mint has a misspelled word on its edge lettering. Statistics on the 2010 bullion American Silver Eagles are listed, and the Collectors Society announces their 2010 NGC Registry Award Winners. Enjoy!

America the Beautiful Silver Bullion Coins Size to Remain at 3.0 Inches,
The United States Mint will not change America the Beautiful Silver Bullion Coin specifications despite recently inheriting new authority to adjust their size. The Coin Modernization, Oversight, and Continuity Act, which was signed into Public Law 111-302 by President Obama on December 14, permits the US Mint to produce the 5-ounce, .999 fine silver coins in a diameter ranging between 2.5-3.0 inches. The original law mandated a 3.0 inch diameter. Changing their current 3.0 inch size would take time and deepen expenses, a US Mint official told ... Click for coin article

Prices can't last for silver 5-ounce set,
Why them and not me? That’s a pretty standard question being directed my way by collectors who were not able to enjoy a windfall profit on the 5-ounce silver 2010 America the Beautiful set. Mint rules restricting the price that nine Authorized Purchasers could charge for the 33,000 sets and limiting sales to one set per household, theoretically means that 33,000 individuals out of the millions of collectors and investors out there had a gift of about $1,800 if current prices hold. What do I mean? Well the AP’s can/could charge only around $975 for the set. Buyers could turn ... Click for coin article

America the Beautiful Bullions Go to "Profiteers",
Jim Hausman of The Gold Center in Springfield, Ill., sold about 600 sets of America the Beautiful 5-ounce silver coins at $975 each on Jan. 3. That should make him a happy businessman, right? Uh, not so much. “These coins were supposed to go to collectors, and they went to profiteers,” Hausman said. And he puts the blame for that right on the U.S. Mint. “They screwed up,” Hausman said. The Mint had planned to strike 100,000 of the five-coin sets, but there were problems with the first coins that were struck, so it ended up producing only 33,000 sets. So the Mint ... Click for coin article

£2 coin has spelling mistake on it,
Red-faced bosses at the Royal Mint today admitted producing a £2 – with a spelling mistake. The coin – made to mark the 400th anniversary of the Gunpowder plot – has the words ‘Pemember the fifth of November’ engraved around the outer rim. Eagle-eyed collector Albi Pinnion, 46, noticed the mistake after being handed a £2 coin in change at his local pub in Ousden, Suffolk. Remarkably, the coin was produced in 2005 and the mistake has gone un-noticed for five years. The misprinted currency has now become hot property among coin collectors and are selling for ... Click for coin article

2010 Silver Eagle Bullion Annual Sales Record at 34.6 Million,
Buyers snapped up 34,662,500 Silver Eagle bullion coins in 2010, capping the best sales year ever for the series which was introduced in October 1986 as a means to purchase silver inexpensively. The weakest month in 2010 for Silver Eagle bullion sales turned out to be December at 1.772 million, representing a drop of 36 percent from the same period last year. Ironically, November was the biggest month. Three records were hit. They included the best ever monthly sales along with two yearly levels -- the previous annual sales and prior year-dated Silver Eagle mintage records ... Click for coin article

2010 NGC Registry Award Winners,
We applaud everyone on their individual accomplishments in each and every set and thank all of the members who make the Collectors Society the vibrant community it is today. Annually, NGC recognizes outstanding achievement in Registry set building. We would like to thank all of the participants in the NGC Registry and congratulate everyone on their individual accomplishments. The number of outstanding collections in the NGC Registry is remarkable and we are honored to have the opportunity to review them all. Five winners were selected in each of three competitive ... Click for coin article

Thanks for reading!


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