Secretary of the Treasury Henry Paulson announced that pursuant to Public Law: 31 U.S.C. § 5112(i)(4) the United States Mint will issue a one-ounce ultra-high relief 24-karat gold coin, creating a 2009 version of what many have called the most beautiful gold piece ever made: the Ultra High Relief Saint-Gaudens $20 Double Eagle.

Aided by advancements in technology, the United States Mint now can produce, in quantity, the ultra high relief coin envisioned, but never fully realized, by renowned sculptor Augustus Saint-Gaudens in 1907.

The mintage of the new coin will be unlimited for one year. Among the production specifications approved by Secretary Paulson are the new coin’s business-strike finish and a diameter of 27 millimeters, making the new collectible coin about 50 percent thicker than other United States Mint one-ounce gold coins.

Only 2009-dated coins will be minted. The coins will go on sale in early 2009, although sales may continue into 2010 if inventory exists.

United States Mint Director Ed Moy will participate in the Opening Ceremony of the American Numismatic Association World’s Fair of Money on Wednesday, July 30, 2008, at 9:30 a.m. ET

Visitors will be able to feel the ultra high relief on plasters of the coin that will be featured at the Ultra High Relief Double Eagle Gold Coin exhibit at the United States Mint booth on the bourse floor at the World’s Fair of Money.

The Obverse: Saint-Gaudens’ Liberty, personified by a statuesque woman striding powerfully forward. Liberty is leading the way with a torch in her front hand and an olive branch in the back hand. The United States Capitol dome is also depicted in the background.

The Reverse & Edge Lettering: A young eagle flying during a sunrise is depicted on the reverse. The motto, “E PLURIBUS UNUM” is on the edge of the coin, allowing a cleaner design on the obverse and reverse.

Am I the only person who finds it astonishing that another ANA is upon us? Jeez, it seems like I just got back from last year’s Marathon in Milwaukee. But here we are already in late July and it’s time for the Battle in Baltimore. What can we expect from this bellwether show?

If you are of a certain age, you remember when ANA was THE coin show of the year. It still is a critical event on the coin circuit despite being somewhat watered down; with pre-shows and a zillion auctions held before, during and after. This is my 26th consecutive ANA (I have attended every one since the 1982 Boston show) and I still feel a tinge of excitement as the days countdown.

My gut feeling is that this year’s ANA is going to be very strong from a wholesale standpoint and decent but not great from a collector standpoint.

With the uncertainty in the economy (and that’s putting it a bit mildly with today’s headlines…) I have the feeling that some would-be buyers are either going to avoid the temptation of the ANA or, if they do attend, it will be more for social and educational purposes than for buying.

Does that mean that there won’t be any action on the bourse floor? Hardly. Really good coins sell very well if the economy is soaring or circling the drain. The pool of potential buyers may not be as great in a bad economy but the number of great coins is much smaller now than in the past. Any dealer who has a case full of interesting coins at the ANA will certainly do retail business. Just not as much, I think, as two or three years ago.

Remember when I mentioned above that I think the show will be good from a wholesale perspective? Coin dealers making a living dealing coins and, at this point in time, nearly all dealers are short of useful inventory. Whether they can pay for these coins is an entirely different kettle o’ fish but I think the wholesale demand for coins right now remains strong.

What will sell at ANA? The Usual Suspects. Very high quality, choice original coins in nearly all categories will be easy sellers, as will key dates and rarities. Early gold and Proof gold continue to be in demand and examples for sale on the bourse should be very actively sought since the auctions do not contain as much of this material as usual. CAC certified coins appear to be readily gaining in acceptance and popularity and many dealers will have long want lists for CAC’d material. (more…)

(Baltimore, Maryland) — Seldom-seen early American coins from the Smithsonian’s collections, the triumphant return to Baltimore of a previously missing $3 million nickel and a $1 billion U.S. Treasury Department display will be among the many historic, valuable exhibits at the World’s Fair of Money® (www.money.org) in the Baltimore Convention Center, July 30 – August 3, 2008.

But it won’t cost a cent to see a billion bucks. The five-day collectors’ show and educational family event is free and open to the public, sponsored by the non-profit, 32,500 member American Numismatic Association (ANA).

United States Mint Director Ed Moy will personally unveil a new, pure gold coin at the show, the much-anticipated 2009-dated Ultra High Relief Double Eagle ($20 denomination) Gold Coin with a raised design so high you can feel it. The Smithsonian’s National Museum of American History will display “Historic Rarities: Early United States Proof Coins,” a special traveling exhibit showcasing extraordinary objects from the National Numismatic Collection. It includes two unique coins, a pattern 1860 Double Eagle and a new variety of proof 1818 silver half dollar.

Another highlight will be the eye-opening, Treasury Department’s Bureau of Engraving and Printing (BEP) “billion dollar display” of high denomination money, such as $100,000 bills. There will also be demonstrations of a 150-year-old, hand-turned money printing press.

Over 100 other fascinating exhibits from private collections include the famous 1913 Liberty Head nickel that was missing for 41 years until it was authenticated in Baltimore in 2003 following a nationwide search. It is returning to Baltimore for the first time since its surprising re-discovery five years ago. (more…)