Gold, Silver, Metal Prices: Commentary (10/23/2009)
Medal of Honor Commemorative Coin Act Passes Senate
Coin News: Branch Mints, WASP Medal, Hobby Shape?
Sedwick’s Sixth Treasure Auction Realizes Over $1.6 Million
Gold, Commodities Decline; Stocks Rally
2009 Gold Buffalo Proof Coins
US Mint Sales: Bullion Coins Hot, Silver Coins Strong
US Mint sales once again look attractive following a week when collector interest in most coins dipped. Demand is strong for both silver and gold bullion coins, as has been the case for much of the year. The newly released Gold Buffalo coins were most impressive.
In other notables, Ultra High Relief $20s finally topped the 100K barrier, and the Lincoln Chronicles set shot off Mint shelves to the tune of 50,000 in 30 hours. Collector silver coins and sets also held their own, enjoying better than normal weekly gains. These and other highlights follow:
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UHR Double Eagle Gold Coins hit 100,704 since their release on Jan. 22. Weekly sales picked up by 1,913 compared to prior 1,172.
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As expected, although not on the first day like many anticipated, the Lincoln Coin and Chronicles set sold out. The maximum 50,000 were scooped up within 30 hours. Standby orders are now in affect. Also in the Lincoln family line, the Lincoln Proof Set climbed by 10,921.
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Passing through their haze, Presidential Dollar Proof Set and 2009 Silver Proof Set increased by 2,872 and 12,306, respectively. Both sets were knocked down with negative adjustments in last week's report.
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All Braille silver coin products improved. Another 3,277 of the Braille Education Sets were purchased to bring the total up to 5,996. The proof silver dollars unexpectedly jumped 1,445 -- the first time they've experienced weekly gains of over 1,000 in more than five weeks.
Silver Coins Today Celebrates Anniversary
Gold, Silver Rise; Stocks Fall
Walt Disney World Using Native American $1 Coins
The Walt Disney World Resort in central Florida near Orlando has just announced plans it is participating in a pilot program with the US Mint. Under this program, several merchandise and dining locations will now be giving back US Native American $1 coins instead of dollar bills as change.
"Our participation in the circulation pilot is part of a continued commitment to environmentality," states Thomas Smith (Social Media Director, Disney Parks) in the official blog about the launch of the program. "The coin is an environmentally responsible choice -- it's recyclable and lasts decades longer than paper bills."
Dollar coins are not a new idea in American coinage. The US Mint has been producing one version or another off and on since 1794. Some familiar examples that you may recall are the Seated Liberty Dollars, the Morgan Dollars, the Peace Dollars and the Eisenhower Dollars.
