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Coin Collecting NewsGold American Eagles sales suspended
By Numismatic News
Sales of some 2007 gold American Eagles were suspended by the U.S. Mint late Thursday, Sept. 13, due to the rising price of gold bullion on international markets.
Uncirculated American Eagles with the “W” mintmark went off sale with the expectation they would be repriced and returned to the market on or after Sept. 27, according to the U.S. Mint.
The $749.95 price for the one-ounce coin was barely above the highs reached by gold bullion this week.
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A. Cohen | Sep 15, 2007 | Reply
I’ve been buying (and a little selling) silver, platinum, and gold, since I purchased a 20 coin roll of 1984 Australian, platinum “KOALAS”. One of the most beautiful coins in platinum, gold or even silver, that I’ve ever seen-!(look for yourself-!
They’ve been very good to me, as I bought them in the 80’s, for only $400/ounce, and some folks call it a “Reverse-Proof”-they’re so much nicer then the 2006-W SAE Reverse proofs, and many say, even nicer then the gold-!
With all the rumors about the 1/2 oz. platinum, a Proof Cameo, and a “REVERSE-PROOF-will be issued, to honor their Anniversary-! Here we go again-!
If the Mint, in it’s wisdom, realizes that not too many can afford 2 oz., of Platinum Eagles, then go ahead and make 1/2 oz.platinum(s), so more can get one (RIGHT-ever try ordering one of these-GOOD-LUCK-)
If a collector buys all of a given years production of current year issues of all the coins the Mint “pumps-out”-in a calandar year, it probably would come to at least 20,000.00 PER YEAR-! If you really think about it, it’s probably closer to the $20K figure-I’ll leave that to the Auditors, and accountants-!
Playing with the silver commodities, “fixing” the price of gold, platinum, and many other precious metals, will not accomplish anything short of a “depression”. People buy gold,when they feel, and know, that the US Dollar, is hard wired directly”, in a quickly changing global economy. The question comes down to, would you prefer to have a handfull of US currency, stocks, bonds, IRA’s, coins and cash, OR a pile of gold, silver, and platinum certified coins, which is “as good as gold”!
The US Mint is “force-feeding” us with all the new coins that are available(mostly for purchase and collections). Why make 4 dollar coins since 1971, all of which failed. If you want people to stop using paper $1 bills, then cut back on the amount made.
When I was able to buy a few rolls of $1 Washinton coins, and then seeing the same rolls on eBay, for $47.00 per roll-I was “furious”-for a moment, but then remembered that I “bought” 25 rolls, and sold them all for between $47 to $55.00 per roll-! No brain surgery needed here-!! When a coin sells for more the it’s face value,it will never circulate, and wind up with all the Sacs, SBA’s, “Ike” dollars, and now the “Presidential” series-thrown in underwear, jars, cigar boxes, and you name it-!
How many mistakes does it take-? Stop making new money, whenever the Govt. needs it. They make us balance our checkbooks legally, so why different rules, for the same things?
A.H Cohen
Palm Beach, Fl 33411
A. Cohen | Sep 19, 2007 | Reply
CORRECTION- The “KOALAS” are 1994, NOT 1984-Sorry-