Over 355 million Andrew Jackson, Martin Van Buren, William Henry Harrison, and John Tyler Presidential $1 Coins were distributed by the Federal Reserve Banks in the last accounting period, according to their annual report to Congress released earlier this year.
However, the Reserve indicates the amount is low compared to what they have on hand, and what is returned by banks.
As first reported by Paul Gilkes in the latest issue of Coin World, the Reserve Banks are accumulating a tremendous stockpile of the golden coins. In fact, the Board of Governors of the Federal Reserve System made the following statement:
"Current supplies represent enough $1 coins for the Reserve Banks to meet transactional demand for $1 coins for about ten years."
This buildup represents a 900% plus increase in inventory over what the Banks held at the introduction of the Presidential Dollars to the system. According to Fed records, 67 million dollar coins were in their control at the start of 2007. By the end of May of this year, an astonishing 691 million dollars were being held in limbo.
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For collectors wanting a chance at a once-in-a-lifetime opportunity to strike the last 2009 coin, or the first 2010 coin, the Royal Australian Mint is the place to be on the final day of this year and the first day of next year. With the new year approaching, the Mint is planning to unveil its [...]
The United States Mint has revealed approved designs for next year’s 2010 Boy Scouts of America Centennial Silver Dollar that is tentatively scheduled for release in March 2010.
Boy Scouts of America BSA Centennial Commemorative Silver Dollar Obverse Design – Click to Enlarge
The US Mint presented 17 obverse (heads side) and 5 reverse designs for consideration. From those, Secretary of the Treasury Timothy F. Geithner approved the two designs that will be used, according to a Mint statement released last week. (See images of the five recommended BSA design candidates.)
The US Mint will produce a maximum mintage of 350,000 Philadelphia struck collector proof and uncirculated $1s to commemorate the 100th anniversary of the founding of the Boy Scouts of America (BSA).
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Good Day, The weekend brought our few additional gold buyers overseas, as Friday’s better than 1% gain in gold prices dampened the bargain-hunting spirits. At the start of the new week, the best thing that could be said about the metals, the dollar, and other markets was that steadiness was manifest. Whether or not such [...]
The United States Mint is ahead of schedule, already posting a comprehensive listing of upcoming release dates for 2010 coins. That is a fresh change. During much of 2009, collectors learned of future product releases only several weeks before they happened.
The latest US Mint schedule has only a few products listed with exact dates, but there is a detailed enough showing where every month in 2010 has something to offer.
In addition to the annual Mint sets, America the Beautiful Quarters and the Presidential Dollars — to include the Abraham Lincoln $1 coin release in November, the two silver commemoratives stand out. The American Veterans Disabled for Life Silver Dollar and Boy Scouts of America Centennial Silver Dollar are set for respective launches in February and March.
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A member appreciation barbeque on March 24 highlights special events at the American Numismatic Association’s 2010 National Money Show™, March 25-27 at the Fort Worth Convention Center. Attendees are also invited to attend the annual Friendship Luncheon, one of the convention’s most popular traditions, on March 26. Attendees for both events will depart from the [...]
Gold coins are discussed by Bob Van Ryzin during his segment of "What’s In The News" on this week’s episode of Coin Chat Radio. Top news story is the December 4th US Mint memo to its authorized purchaser network informing them that the 2009 American Buffalo Gold Bullion coins would no longer be available for [...]
Gold gained on Friday but recorded another weekly decline as a stronger US dollar, which hit a three-month high this week, pulled prices down. Bullion generally moves opposite of the greenback. Silver and platinum managed modest gains in New York, but retreated in London. The dollar’s strength was also cited as a catalyst in curbing [...]
Bomb Voyage In 2010? Good Day, The tally at the end of the afternoon on Thursday had gold prices showing a $40.40 loss with the metal quoted at $1093.80 per ounce, a price level not seen since before Thanksgiving. Previous support at $1111 was taken out, and the sellers are now apparently targeting the $1092 [...]
The United States Mint on Thursday launched the Zachary and Margaret Taylor Presidential $1 Dollar Coin & First Spouse Medal Set for a price of $8.95, plus shipping and handling. Marking the fifth and final issues this year and the thirteenth since the product line began in 2007, the set includes an uncirculated Zachary Taylor [...]
