Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, July 3, 2009

Mint News Blog Update


Things have been relatively quiet on the US Mint news front. Yesterday, the Letitia Tyler First Spouse Gold Coins and John Tyler Presidential Dollar Coin Cover were launched. Coinciding with this release, the Louisa Adams First Spouse Gold Coins went off-sale.

As mentioned, I am currently on vacation, but will continue to monitor US Mint products and news and provide periodic posts. For now, here are some recent articles which might be of interest to Mint News Blog readers, as well as some of my other sites to check out over the weekend.

US Marshals High Relief Gold Coins - Legislation was introduced which would create one-ounce $5 Gold Commemorative Coins for the 225th Anniversary of the US Marshals. The coins would be struck in high relief and feature edge lettering. The one-ounce size, high relief, and edge lettering are all unique or uncommon aspects for gold commemorative coins. If the legislation is approved, the coins would be issued in 2014.

Fair Treatment for Precious Metals Investors Act - Legislation was recently introduced which would have an impact on coin collectors and precious metals investors. Gains from the sale of gold, silver, and platinum are currently classified as collectibles gains and subject to a maximum tax rate of 28%. This compares to a long term capital gains tax rate of 15% for stocks and other assets. If the bill becomes law, precious metals investors would be allowed the same preferential rates available to investors of other asset classes.

Gold Buffalo Bullion Coins Canceled
- The US Mint announced that the bullion version of the Gold Buffalo Coin will not be issued for 2009. The 24 karat one ounce gold bullion coins had been issued since 2006. The US Mint still plans to release a one ounce 2009 Proof Gold Buffalo Coin for collectors later in the year.

Gold, Silver, and Platinum Second Quarter Performance
- For the second quarter of 2009, gold, silver, and platinum all posted single digit gains. Precious metals performance for the year to date shows platinum in the lead with a gain of more than 32%.

July 1, 2009 Coin Update - A round up of recent coin collecting news including the undated 20p UK coins, the results of an external audit at the Royal Canadian Mint, the next 2009 Lincoln Cent launch ceremony in Springfield Illinois, and more.

Click Coins - Stay up to date with the latest coin related articles and blogs from a variety of sources. Make this site your home page and get an instant snapshot of current coin news every time you go online.

Coin Review - A site where anyone can provide their ratings and reviews on US coin designs. The site has been updated to include the latest releases for 2009, as well as some of the proposed designs for 2010 coins. Over 200 reviews have been provided to date.

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8 Comments:

At July 3, 2009 at 1:38 PM , Anonymous Anonymous said...

I am about to O.D. on all of this "later in the year" stuff the Mint keeps saying... IT'S JULY!! THERE ISN'T VERY MUCH "LATER" LEFT!! Other mints are still spitting out coins, some even more than usual... but the US Mint is almost taking the year off!

 
At July 3, 2009 at 3:34 PM , Anonymous Anonymous said...

Well said, man! I don't see why they can't at least pin down a date for availability of the Proof Gold and Silver Eagles by now!

Also, why don't they provide any details on the Lincoln Coin and Chronicles Set that we've been hearing about off and on all year long?

 
At July 3, 2009 at 7:39 PM , Anonymous Anonymous said...

Have a great vacation, thanks for all you do!

 
At July 4, 2009 at 3:35 AM , Anonymous Anonymous said...

"Later this year" just isn't good enough when it's July already! When is the U.S. mint going to get serious about supporting their collectors?

 
At July 6, 2009 at 10:33 PM , Anonymous Anonymous said...

off topic but please people go to some of the World mint sites and see how beautiful and detailed their coins are. Our coins are looking like GM products compared to theirs. I say we start a petition or site that puts more pressure on the US mints prodcuts and lack of service!

 
At July 7, 2009 at 2:46 PM , Anonymous Anonymous said...

put pressure on the US mints prodcuts and lack of service? Why waste the time? Do you seriously believe anyone there really gives a (hoot) ? They are the only game in town, so there's no incentive to come up to world class standards. The best you can hope for and usually receive is basic low class products and service. Nothing personal, it's all about business. Overcharging is a basic requisite.....and no one in authority cares or wishes to address the known problems. That's pretty sad, but history shows this negative comment to be factual.

 
At July 11, 2009 at 11:17 PM , Anonymous Keith said...

I see that the Mint is backtracking a little on the Gold Buffalo situation. They are required by law to produce the coins in uncirculated. They won't sell them to collectors with a mintmark this year, but they will release a limited number through their bullion network.

 
At July 19, 2009 at 1:09 PM , Anonymous Anonymous said...

there are 6 dif finish on 2006w unc coins

 

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