Archive for the News Category
Posted on January 12, 2012 by Jaime Hernandez
The collectible Mount Hood National Forest 5 oz. Uncirculated coins have officially sold out at the U.S. Mint. They sold out on Wednesday January 11, 2012. These were the last 2010 dated 5 oz. coins that remained available for this series.
The Mount Hood 5 oz. coins went on sale on July 28, 2011 with an opening price of $228.95 if purchased directly from the U.S. Mint. Initially, customers were only allowed to order one coin per household. Later the coins were reduced in price and household limits were also removed.
At the end of December, the total sales were just less than 200 coins left to meet the maximum mintage of 27,000 coins produced. However, the coins now show up as No Longer Available on the U.S. Mint web site.
Posted on January 11, 2012 by Jaime Hernandez
On January 10, 2012 the U.S. Mint offered its first 2012 product, which was the America the Beautiful Quarters 5 Piece Silver Proof Set.
The 5 new quarter designs honor El Yunque National Forrest of Puerto Rico, Chaco Culture National historical Park of New Mexico, Acadia National Park of Maine, Hawaii Volcanoes National Park of Hawaii and Denali National Park of Alaska.
Every coin the Proof Set bears the “S’ mint mark denoting that the coins were struck at the San Francisco Mint. All 5 quarters in the Proof Set are composed of 90% silver with approximately 0.950 ounces of silver.
The Mint is offering the 2012 Silver Proof Set at a price of $41.95. With today’s price of silver, the silver content of all 5 quarters is worth about $27.10. Indicating that the Mint is selling the coins at about $15 over the spot price of silver.
Posted on January 10, 2012 by Jaime Hernandez
The 2010-S Proof Set may have the lowest mintage for any regular Proof Set struck since 1959. The latest sales figures from the U.S Mint show the number of sets sold as 1,103,950. The last time they sold a lower amount of sets was in 1958 when the Mint sold about 875,000.
If the sales hold true, the 2010-S Proof Set will have the lowest mintage in the past 52 years. The 2010-S Proof Set also has a lower mintage than the 1957 Proof Set.
The Mint only sold 2010-S Proof Sets until December 30, 2011 so the odds are that the mintages will not change much. In the meantime, the 2010-S Proof Set will definitely be a set that Proof Set collectors will need to keep an eye on.
Posted on January 6, 2012 by Jaime Hernandez
If you could own 1 coin related domain, which one would it be?
Heres mine-
Coins.com
Some of my other choices-
Coin.com
PCGS.com
USCoins.com
WorldCoins.com
CoinAuctions.com
SilverCoins.com
GoldCoins.com
(Please don’t bother in checking the availability of the aforementioned domains, they, been taken for years!)
What Coin Domains would you like to own or which ones do you think are the Best Coin Domains?
Posted on January 6, 2012 by Jaime Hernandez
The Mint managed to sell 65,500 ounces of gold in December of 2011.
For the whole year U.S. Mint customer managed to buy exactly 1 million ounces of gold eagles. The majority of the gold eagle coins sold were the 1 ounce coins, as the Mint sold 910,000 of them. The remanider of the coins were half ounce, quarter ounce and tenth ounce gold eagles. 
The second most popular gold eagles were the tenth ounce reaching 370,000 in sales. Third most popular were the quarter ounce coins reaching 82,000. And the least popular was the half ounce coin with sales reaching 65,000.
The best year for Gold Eagle Bullion Sales was in 1999 when the Mint sold over 2 million.
Here are the Top Ten Years of Bullion Gold Eagle Sales for the U.S. Mint
1999 2,055,500
1998 1,839,500
1986 1,787,750
2009 1,425,000
1987 1,253,000
2010 1,220,500
2011 1,000,000
2008 860,500
1997 771,250
1988 560,000
Posted on January 1, 2012 by Jaime Hernandez
PCGS Newsletter
http://www.pcgs.com/ezine/2012/coins_jan31_12.html
1. Always great info Jaime. I am considering one gold piece to add to my EAC’s and silver collection. I don’t have any gold at the present time….Hope I can find a reasonable piece…thanks and keep up the great newsletter, B. Macchia, W. Babylon, NY
Jaime’s Response:
Hi,
Mr. Macchia
I hope you find that one Gold piece to add to your collection. Thank you for the nice comments on our newsletter.
best wishes, jaime
2. I really appreciate the E-Collector newsletter; thank you for the service. I enjoy reading it because it is brief and provides an interesting subject matter each time. KEEP IT GOING!
Thanks…
M. Trevino
Jaime’s Response:
Hi Mr. Trevino,
We appreciate the feedback.
Thank you, jaime
3. Hello,
It’s about time that eBay stopped allowing copy coins to be sold on their site.I’ve seen replica coins that were worded so they seemed to be a real coin and the poor buyers didn’t know what hit them once they received their coin.
Keep up the great articles.
Kindest regards,
E. Krabbenhoft
Jaime’s Response:
Yes, glad to see Ebay going in the right direction with fake coins and replicas.
Appreciate your comments.
jaime
4. Your newsletter is awesome. Lots of excellent information and very good stories. Keep them coming!
Have a Great Day,
Bill
Jaime’s Response:
Thanks Bill,
Glad you’re enjoying it and thank you for sending us youre feedback.
jaime
Posted on December 29, 2011 by Jaime Hernandez
Please tell us, what other coin related web sites do you visit? You can tell us how many times a week you visit it, hours you spend on it, why you visit it. Or just mention the sites.
I’d like to know what other web sites coin collectors visit (coin related only).
I’ll start with mine-
PCGS Price Guide, Coinfacts (every day). I enjoy working on both of them and it’s also part of my job.
Ebay (4 times a week). I like to see what coins are out there that I collect.
CoinWorld (Twice a week). To keep up with current coin related news.
CoinWeek (Twice a week). To keep up with current coin related news.
Teletrade (once a week). I like to see what coins are out there that I collect.
PowerSnipe (Once a week) Tracks coins that are available that I collect.
Numismatic News (once a week) To keep up with current coin related news.
Several others but probably don’t visit them as often.
So, what other coin related web sites do you visit? (To Answer - Click “Comments“ above this post).
Posted on December 20, 2011 by Ron Guth
The following notice appeared in the October 1881 issue of the American Journal of Numismatics. Imagine what such a hoard would be worth today!
To learn more about the New England Shilling, click here.
Posted on December 14, 2011 by Ron Guth
The Numismatist thinks of nothing but rare coins, muses on them, dreams of them.
His enjoyment involves all species of pleasure and mental excitement.
He is a sportsman, a gamester, an artist, a detective, a critic, an expert.
He follows the scent of a rare coin as a hound does that of a rabbit, and is never satisfied till he has traced it to its burrow.
The passions excited are ambition, hope, desire and envy; but never any to an extent to be injurious.
Your true Numismatist is usually a man of gentlemanly instincts, and scholarly attainments. His associations are with men who think, reason, compare, sift evidence, and judge. He is little likely to be gulled, being always on the look-out for counterfeits; still less likely to deceive others, having a wholesome contempt for base fabrication. On the whole, this hobby is one which should be encouraged, because it leads the workings of the mind into proper channels, trains the faculties, and educates and encourages a sound, healthful taste for the aesthetic.
– From “Numismatics As A Hobby” in the American Journal of Numismatics, Vol. 1, No. 10 (New York, February 1867), p. 73.
Posted on December 2, 2011 by Jaime Hernandez
Donald Trump recently leased an entire story in the Trump Building located in New York City.
At one time, The Trump Building was the tallest builing in the world. Trump leased the 50th floor to AMPEX, one of the worlds largest precious metals company.
APMEX used three 1-Kilo .9999 pure 24kt gold bars to secure the 10 year lease contract. Thats about a $175,000. deposit based on todays’ price of gold.
Trump provided a stetement indicating the following, “The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard. Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market.”
The Trump Building is 72 stories high and is located in 40 Wall Street which is in the center of New York City. (The Trump Building is imaged on the right of this page – It’s the tallest building with a light blue triangular roof).
Images Courtesy of APMEX.com
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