Daily Archives: September 25, 2008
U.S. Mint Suspends Buffalo Gold Coin Sales
The United States Mint has temporarily suspended sales of American Buffalo one-ounce bullion coins to their network of Authorized Purchasers, it was announced Thursday.
"Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these coins," the Mint said in a memorandum.
Gold Declines as Rescue Plan Agreement Close
Daily Numismatic Headlines for September 25, 2008
The Slow Death of U.S. Circulating Coins
It's no secret. The currency of choice is not change, and it's no longer paper money. For many Americans, both forms have become annoyances — especially in high value purchases. Coin usage is declining, and trending toward extinction. These days, it's about plastic with the convenience of credit and debit cards.
While the U.S. Mint is spending money on mandated marketing and a doomed promotion of Presidential $1 coins, or announcing the exciting four new 2009 Lincoln penny design images, the reality is Americans dislike to receive or use these coins more than any other pocket change. And how a coin looks or feels is mostly inconsequential to anyone but collectors. But it goes beyond the penny and dollar $1 coin, as the outlook for every circulating coin further declines.
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