The United States Mint has set the release date and prices for the 2008 series of American Eagle Platinum Proof coins that are the final design in the three-year series entitled, “The Foundations of American Democracy.” This year’s collector proof coins are available on Monday, May 5, 2008 and feature a Judicial Branch design.
The limited mintage coins will be available in four sizes with the following weights: One-ounce, one-half ounce, one-quarter ounce, one-tenth ounce. There is also a four-coin set containing one coin in each denomination. The one ounce proof coin is priced at $2,299.95.
The Foundation of American Democracy designs
2006 began the new platinum three-year coin series entitled “The Foundation of American Democracy,” which celebrates the branches of government with a new reverse or tails design every year.
Read the rest of this entry »
As precious metal prices fall, United States Mint bullion coin premiums rise. The differences make the proposition of purchasing the latest US Mint American Eagle bullion coins nearly overwhelming.
The United States Mint appears to be happy to accept higher premiums in many of their bullion coin sales.
While the Mint was quick to suspend and then readjust bullion coin prices upward when precious metal prices increased, the same quick but reverse adjustment has not been seen with key Mint bullion coins as precious metals decline.
As one example highlights, the Mint announced the pricing of 2008 American Eagle Gold Uncirculated coins on March 19, 2008. The one ounce eagle coin was set at $1,119.95. The day of that announcement London gold closed at $958.50 an ounce.
Six weeks later London gold on Thursday is at $853 an ounce. The premium differences between the two dates for the one ounce 2008 American Eagle Gold Uncirculated coin are:
Read the rest of this entry »
Gold briefly climbed up by almost 2 percent after the Fed’s expected announcement yesterday of a quarter-point drop in its key interest rate. The rise was short lived, however.
The US dollar pulled back and gained strength Thursday morning. And moving in the opposite direction was gold, reaching for a four-month low with a New York spot price of $854.40 an ounce at 9:53 a.m. (ET).
Many expected the Fed to signal a pause in further rate reductions. That signal was small, if anything, but enough to result in an initial weakening of the dollar and spurring of gold upward. In the end, the dollar firmed against major currencies and gold took its falling cue.
Read the rest of this entry »
