Bullion & Business Weekend Report – Aug. 29
UHR $20 Gold Coin Limits Rise Again
2009 UHR $20 Gold Coins will be much easier for coin dealers to purchase going forward. The US Mint is increasing the order limit from 10 per household to 25, according to the following message posted earlier this week on its Web site.
Effective August 31, 2009 at 12:00 noon (ET): The United States Mint will adjust the household order limit on the 2009 Ultra High Relief Double Eagle Gold Coin from a limit of ten (10) coins per household to twenty-five (25) coins per household. The household order limit will be re-evaluated on a regular basis and the United States Mint will either extend, adjust or remove the limit as needed.
This is the second consecutive month the US Mint has increased the amount of coins the public can buy.
Gold, Silver and other Metal Prices: Friday Commentary
Battle of Poltava Silver Coin Issued
Gold Rises with Oil as Dollar Falls, Silver Declines
Grading Specials Highlight PCGS’ Offerings at September Long Beach Expo
Coin News: Viking Hoard, Ancient Coins Seized, Coins for Anything, Coins...
US Mint Sales: 2009 Proof Sets Top 975K, UHRs Near 83K
US Mint coin sales trended slightly lower last week with the exception of silver coin demand which was on the rise. Frankly, no numbers unexpectedly shouted and said "look at me."
Here are several highlights, plus a few topics that should make next week sales figures more interesting:
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UHR $20 Double Eagle sales continue to flow strong with 2,259 added for a new total of 82,959. (News of the week is about the new 25 coin limit increase.)
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Jackson's Liberty First Spouse proof coin sold out last week and that proved to be beneficial for the uncirculated option. It rose by 261 versus the prior weekly climb of only 34.
American Silver Eagle Bullion coins settled down, no doubt thanks to the recent volatile movement of silver prices. While the last sales report showed the eagles had jumped by 475,000 in a week, the latest seven day gain is down to 275,000. Bullion American Gold Eagles fared slightly better although demand was still down with a rise of 15,000 versus the previous 22,000.




