Monthly Archives: November 2009
Gold Slightly Higher, Silver Falls, Stocks Mixed
US Virgin Islands Quarter First Day Coin Cover Released
US Mint 2009 October Coin Production: Lincoln Cents Jump
The US Mint on Tuesday released circulating production figures from January through to October. Both the Denver and Philadelphia Mint facilities were busier during the month compared to September figures, but that was mostly due to the preparation for the final 2009 Lincoln cent release on Nov. 12.
US Mint Circulating October Coin Production
Denver | Philadelphia | Total | |
2009 Lincoln Cents | 144,400,000 | 121,600,000 | 266,000,000 |
Jefferson Nickels | 0 | 0 | 0 |
Roosevelt Dimes | 0 | 0 | 0 |
Quarters | 20,400,000 | 32,200,000 | 52,600,000 |
Kennedy Half Dollars | 0 | 200,000 | 200,000 |
Native American $1 | 0 | 0 | 0 |
Presidential $1s | 24,220,000 | 10,780,000 | 35,000,000 |
Total | 189,020,000 | 164,780,000 | 353,800,000 |
Other than the new pennies, only quarters, Presidential $1 coins, and Kennedy Half Dollars were minted. No huge revelations were revealed in terms of final mintages for any of the types of coins.
The first three Lincoln penny mintages were made public back in October. Based on those and the latest figures, 266,000,000 of the 2009 Lincoln Presidency pennies have been struck as of last month.
BEP 2010 Intaglio Print Subscription Program
ANA Bebee Collection of Paper Money Gallery
Medal of Honor Commemorative Coins in 2011
Up to 500,000 $1 silver coins and 100,000 $5 gold coins will be struck in 2011 by the United States Mint as authorized by the Medal of Honor Commemorative Coin Act of 2009 which President Obama signed into law Friday, Nov. 6, 2009.
The collector minted proof and uncirculated coins will mark the 150th anniversary of the establishment of the Medal of Honor in 1861, America's highest award for valor which can be bestowed upon an individual serving in the Armed Services of the United States.
"We owe everything to those who wore the uniform and committed extraordinary acts of bravery in defense of their colleagues and nation," said Rep. Christopher Carney who introduced the legislation which easily passed in the House and then the Senate.
PCGS TrueView Coin Imaging at Baltimore Show
Gold, Silver, Metal Prices: Commentary – 11/9/2009
2009 Ultra High Relief Gold Coin Values
The 2009 Ultra High Relief $20 Double Eagle Gold Coin is one of the most exciting US Mint offerings this year with collectors jumping in to purchase 102,311 as of Nov. 1.
Nothing highlights the coin's popularity better than the sizzling sales of 28,173 on their Jan. 22, 2009, launch day. And that was in spite of a recession, a one coin order limit preventing bulk buying and gold hovering around $860 an ounce making the double eagle's issue price $1,189 -- a hefty amount for the average collector.
Flash forward 10 months... The economic picture continues to be cloudy -- worse for some with the unemployment rate now at 10.2%, and gold has touched $1,100 pushing the UHR price up $250 more to $1,439 (and knocking at the door of $1,489). Despite the US Mint lifting order limits, it's not surprising that only 1,607 more were purchased during the last two weeks of October. Throwing aside all the negative factors, it would be rare indeed for sales to be thrashing for months on end.
However, an analysis (see chart below) of eBay completed auctions from September 1 through October 31 shows there is still excitement in the air. Graded MS70 UHRs continue to command solid premiums in the secondary market.