Monthly Archives: May 2009
Bullion & Business Weekend Report – May 23
Puerto Rico Quarter, 100-Coin Bag (P) Sold Out
US Mint Announces Shipping Delays of 4-5 Weeks
2009 Gold Proof Australian Sovereign from Perth Mint
The Perth Mint on Friday launched the 2009 Perth Mint Gold Proof Sovereign, a modern Australian version of a world famous coin. Struck in 22-carat gold and in proof quality for collectors, the newly introduced coin is to be issued annually with an extremely limited worldwide mintage of just 2,500.
The sovereign was a crucial component to the British commerce and banking system and has a history dating back to the 15th century. The Perth Mint was a part of that history, producing more than 100 million of the coins during the reigns of Queen Victoria, King Edward VII and King George V.
Gold Strides Above $950, Hits Two-Month High
Tyler Presidential $1 Coin Launched
Numismatic News: Counterfeit Pounds, Military and Collecting, Tyler "Accidency"
Lincoln Cent Rolls Hot, Braille Dollars Climb, Puerto Rico Quarter...
Lincoln Formative Year cents are on fire, UHR $20 gold coins are selling at a level pace, demand for Braille Bicentennial Dollars has picked up slightly, and Puerto Rico quarter sales are mixed.
The second redesigned 2009 Lincoln cent went on sale Thursday, May 14. By Sunday, a mind-blasting 200,055 of the two-roll sets were sold. (See 20 Million Lincoln Rail Splitter Pennies Sold.)
Although the public is happier with improved access to the new pennies, collectors are generally disappointed as US Mint sales continue with no apparent end in sight, making the cents far from "scarce." In the Log Cabin penny launch, the Mint concluded sales after 96,000 of the two-roll sets were sold. Then, more than one collector was taken aback by the unexpected stoppage. With this series, the Mint is in an apparent no-win situation.
Gold Touches Two-Month High as Dollar Falls
Guam Quarters in US Mint Bags and Rolls
2009 Guam Quarters in coin bags and two-roll sets will be available on Tuesday, May 26, the US Mint said in a press statement Wednesday.
The public can purchase the new quarter-dollars directly from the Mint's online store. The two-roll set includes 40 commemorative quarters minted in Philadelphia with the "P" mintmark and 40 coins from Denver with the "D" mintmark. The price tag is $32.95.
The Guam quarters are also packaged in 100-coin bags for $32.95 and 1,000-coin bags for $309.95.
The Mint's production of 2009 quarters has plummeted during the recession as the public has been feeding loose change back into the banking system, instead of the other way around. As a result, finding 2009 coins in circulation is quite challenging, making US Mint rolls and coin bags all the more popular with collectors.