Gold American Eagle, UHR and Lincoln Silver Dollar US Mint...
The US Mint is left with two 2008-W American Eagles gold coins in the uncirculated collector series inventory. The 1 oz option sold out Wednesday. Sales were respectable with an increase of 799, or 9.3 percent.
The biggest jumper in the series was the 1/4 oz option, rising 11.4 percent. The 1/4 oz size settled down with an increase of just 0.6% following last week's reported surge of 48.1 percent. After the current inventory is exhausted, these two coins will not be sold by the Mint again.
2009 Ultra High Relief $20 Double Eagle gold coins moved nicely, rising by 2,579, or 5.7 percent. Collectors have now purchased 47,999 UHRs since they went on sale Jan. 22.
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Numismatic News and Blog Headlines – Feb 17
PCGS Grades First Submitted 2009 Ultra High Relief $20 MS70
The first new 2009 Ultra High Relief Double Eagle Gold Coin was certified by Professional Coin Grading Service (PCGS) on Friday, February 13. It was graded Mint State 70.
"We were thrilled to examine the first submitted example of this eagerly anticipated modern masterpiece.
It's one of the finest designs ever created for United States coinage and a testament to the excellence of the United States Mint," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).
The coin was submitted by collector Charles Camp of Savannah, Georgia who said he was thrilled with the certification: "I've always been a big admirer of PCGS, and I think it's a great thing."
US Mint Makes $2.8 Billion in Sales
The just released 2008 United States Mint Annual Report offers a candid assessment on the performance of the US Mint that highlights both the good and the bad, and mixes in challenges and strategies. At the end of the fiscal year, the agency generated sales of more than $2.8 billion and made history in creating 126 coin designs -- both good. But the Mint also earned less than it did in 2007 -- one of several disappointments for the year.
2008 proved to be robust for the Mint's numismatic and bullion coin programs. Each realized an increased net income of 22.7 percent and 295.6 percent. Demand for bullion coins popped with total sales registering an impressive $948.8 million. Collector coins came in second, pulling in $527.6 million.
