Monthly Archives: August 2010
US Mint September 2010 Product Releases
James Buchanan related products dominate United States Mint releases during the month of September.
Buchanan Presidential dollars were issued last month (August 19), but Buchanan was the only U.S. President never to marry and, therefore, his image will also be featured on the next two proof and uncirculated First Spouse Gold Coins as well as the companion bronze medal.
Gold and Silver Prices Soar in August, Gold Tops $1250
US Mint 2010 Silver Proof Set Sales Open at 241,656
U.S. Mint 2010 Silver Proof Set sales opened solid but they were also softer than the opening performances from the prior two years, according to newly released figures from the United States Mint.
From their Thursday, August 26, launch through to Sunday, buyers ordered 241,656 sets at $56.95 each, bringing the Mint more than $13.7 million dollars in revenue during the four-day period.
Annual silver proof sets are always popular with coin collectors, as the following table of past sales shows:
Gold, Silver, Metal Prices Commentary – August 31, 2010
Gold, Silver, Metal Prices Commentary – August 30, 2010
1856-O Double Eagle Gold Coin Debuts in Heritage September Long Beach...
The Bullock Specimen of the famous 1856-O double eagle, recently discovered in Ohio and graded XF45+ by NGC, is the main attraction in Heritage Auctions' September 2010 U.S. Coin Auction, Sept. 22-25, in Long Beach, CA.
"The 1856-O double eagle is a very rare date," said Greg Rohan, President of Heritage. "No more than two dozen are known, and the real number is probably smaller. Any example is a real treasure, and this piece made a remarkable debut. The announcement of its discovery was front-page news in Coin World, a sign of how important the 1856-O double eagle is to numismatists."
World’s Fair of Money 2010 Exhibitor Awards Presented at Boston
Bullion Prices and Business Weekly Update – August 28, 2010
Tucker Promoted at Heritage Auctions
Collectors and Dealers Urged to Help Repeal New 1099 Requirements
The American Numismatic Association urges its members to contact their members of Congress and ask to repeal a law that could significantly increase the paperwork burden on dealers and increase the risk of identity theft for all collectors who buy and sell numismatic material.
Under Section 9006 of the Patient Protection and Affordable Care Act, commonly known as health care reform legislation, businesses will be required to report all goods and services purchased in excess of $600 with an IRS 1099 form.
As written, the law would, beginning in 2012, require all coin dealers to report on IRS form 1099 all goods and services (totaled across a taxable year) they purchase from other dealers and customers in excess of $600.