The authorized purchasers are under mandate "to maintain buy and sell premiums for U.S. The Mint resorts to its authorized purchasers to maximize the availability of coins in retail markets as well as major investment markets. The Mint said maximum mintage levels for the 2011 and future bullion coins haven't yet been determined. "Silver makes sense for a small investor but not a large investor," said Mr. "The biggest drawback for silver as an investment is the bulk and size in relation to the amount invested," said Mr. Travers cited statistics provided to him byĮditor and publisher of the Rosen Numismatic Advisory, which said "that as of 2009, gold was only in 0.8% of investment portfolios-and the number of silver was a tiny fraction of that number." This is a generational trend," saidĪuthor of the Coin Collector's Survival Manual. "I expect silver and gold will be substantially higher a year or two from now. The authorized purchasers' premium is irrelevant for those who want this coin because supply and demand will dictate the value of the coin in the secondary market.Ĭomex silver for December delivery settled Monday at a new 2010 settlement high, up 46.40 cents a troy ounce, or 1.59%, to 29.7050. Authorized purchasers would pay the spot price of silver plus a premium of $9.75 per coin, or $1.95 an ounce. Garrett.Įach authorized purchaser was to be allocated 3,000 coins of each design. "This went from being a bullion coin to being a limited-edition collectible," said Mr. The Mint will make 33,000 bullion coins for each of the five coins issued in 2010 in honor of Hot Springs National Park, Yellowstone National Park, Yosemite National Park, Grand Canyon National Park and Mount Hood National Forest.Ĭoin collectors were anticipating 100,000 bullion coins for each design. It follows the Statehood Quarters Program, which attracted 150 million Americans to coin collecting. territories, to honor national parks and sites. It calls for the creation of 56 coins, one for each state, the District of Columbia and the five U.S. The 2010 America the Beautiful program was launched earlier this year and is set to continue through 2021 unless extended by the Treasury secretary after nine years. "The Mint has gone to a new weight, a new size and a new denomination in a nominal sense," saidĪ past president of the American Numismatic Association and a coin collector for more than 50 years. Garrett.Īnd while most five-ounce coins are 2¾ inch, these are three inches in diameter-not uniform to the rest of the world. Today, they sell for about $25,000, according to Mr. Only 423 of the 14.6-ounce medals were struck. Mint was authorized to produce 500 gold medals for the nation's bicentennial. Today, the round pieces are slightly rarer, according toĪ prominent rare gold coin expert and dealer living in Lexington, Ky. These were nicknamed slugs because they were such big pieces of metal. Between 400 and 500 of each, round and octagonal versions, were issued. In 1915, the government made commemorative $50 gold pieces weighing 2½ ounces for the Panama Pacific Exposition. Private issuers made $50 gold coins during the California gold rush in the 1850s. government is issuing a coin larger than one ounce since 1915. in Perth, Australia, supplied the planchets. (The press isn't visible from the visitors' gallery at the Philadelphia Mint.) Mint to spend $2.2 million for a coining press made by Graebener in Germany. Vice president, sales and marketing, at Certified Collectibles Group, a group of independent companies dedicated to grading collectibles in Sarasota, Fla. Mint America the Beautiful quarters program," said "There really is no precedent for a large-format coinage program that will be issued with the regularity, duration, and scale of the current U.S.
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