The United States Mint peaked curiosity further for the ANA World’s Fair of Money® convention by announcing their unveiling of the 2009 Saint-Gaudens double eagle designed gold coin and adding a display of six real gold bars that were refined at West Point. The Mint previously announced they would show the modern $20 gold coin, [...]
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The United States Mint 2008 Arizona Official First Day Cover went on sale today, June 30. The 35,000 limited edition covers are the 48th in the series and include two shiny Arizona state quarters featuring an image of the Grand Canyon with a Saguaro cactus in the foreground. The quarter-dollars were collected from the first [...]
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Collectors will first see the 2009 Ultra-High-Relief Saint-Gaudens $20 gold coin July 30 at ANA’s World’s Fair of Money® in Baltimore. The United States Mint announced today that Mint Director Ed Moy will reveal the coin, which is a modern version of the 1907 Augustus Saint-Gaudens $20 Double Eagle — often described as the most [...]
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The Perth Mint struck and launched a silver proof commemorative coin celebrating the 25th anniversary of Australia II, which became the first challenger ever to win the America’s Cup on 26 September 1983.
The Australian legal tender coin is made of 99.9% pure silver, contains one full ounce, and has a very limited mintage ceiling of 5,000.
The very attractive coin comes with a unique piece of history — a fragment of sailcloth taken from Australia II’s genoa, and worn as she crossed the finish line at the end of the decisive seventh race.
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Federal Mint Swissmint has launched a new several year commemorative coin series celebrating historical mountain railways. The first commemorative out of the gate is the 20 Swiss franc silver coin, the "Vitznau-Rigi Railway," honoring Europe’s first mountain railway.
Artist Benno K. Zehnder designed the coin and portrays the cog railway on the Rigi in the form of a playing card. Separated by letters ascending to the right is a modern railway engine and under the "Vitznau-Rigi Railway" heading is a historical steam engine.
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The United States Mint 2008 New Mexico Official First Day Covers went on sale Thursday, May 8. The coin cover is 47th in the series released. The limited edition covers include two New Mexico state quarters that were minted on the first day of production. Each quarter has the state’s "Zia sun symbol” design with [...]
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The House debated on the legislation and finally voted yesterday to change the metallic composition of the penny and 5-cent nickel to a less expensive copper-colored steel.
Although the prices of copper, zinc and nickel metals in coins have declined in recent months, the penny and 5-cent nickel still cost more to make than what they’re worth—resulting in a reported loss of about $100 million every year, or $1 billion over a decade.
It now costs about 1.26 cents to make the penny and about 7.7 cents to make the nickel.
House bill “H.R. 5512, the Coin Modernization and Taxpayer Savings Act of 2008” would seek to change those manufacturing costs by using copper-colored steal, which could cut the cost of making pennies down to about 0.7 cents each. But its recent passage in the House is no guarantee it’ll make its way to the White House for signing.
H.R. 5512 must still go through the Senate and then the President, and not everyone is happy with the current legislation.
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The debate to change the metal composition of U.S. coinage was waged on the House floor Tuesday. With the surging prices of metals like zinc and copper, it now costs more than a penny to make a penny and about 7.7 cents to make a nickel. A new House bill entitled "H.R. 5512, the Coin [...]
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The United States Mint announced on Friday that Secretary of the Treasury Henry Paulson has authorized the issuance of a 2009 version of the 1907 ultra-high relief Augustus Saint-Gaudens $20 Double Eagle coin.
According to the U.S. Mint, the 2009 legal tender Saint-Gaudens’ designed coin will be:
The 1907 Augustus Saint-Gaudens $20 Double Eagle is considered by many to be one of the most beautiful gold coins made in the history of U.S. coinage.
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A new poll by Harris Interactive® reflects American’s favor for the Lincoln penny, its preference for the $1 bill and the uphill battle the U.S. Mint is fighting to get new Presidential $1 coins into daily circulation.
For the latter two topics, there has been no shortage of articles within numismatic publications relaying the overwhelming realities of the near impossible task of a dollar coin competing head on with the lighter, and more convenient to use dollar bill. And while the word "many" has been used to describe those who have not yet seen the Presidential $1 coins used in circulation since their 2007 introduction, an overwhelming 75% of Harris Poll respondents say they have not seen a single dollar coin in circulation.
Given the U.S. Mint produced nearly 941 million presidential $1 coins in 2007 alone, or enough for every U.S. man, woman and child to each have three, the 75% figure highlights that while the coins may be attractive to collectors, so far they have not proven practical for use. In that regard, they lose to the paper dollar just like previous $1 coins.
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