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All Posts Tagged With: "Gold Bullion coins"

Gold’s astounding ride

By Steve Roach – Rare Coin Market Report Blog
First published in the Oct. 18, 2010, issue of Coin World

Gold continues to astound as it broke the $1,300 ounce level for the first time on Sept. 28, closing in New York at $1,306.60 an ounce.

The next day, gold hit a high of $1,313.20 before closing at $1,308.50.

In a nice contrast to the previous week’s House Subcommittee hearings focused on fighting fraud in the sale of gold coins, the Sept. 29 Wall Street Journal featured a front-page story that was overwhelmingly positive about gold’s potential to top $1,500 next year.

It focused on investors’ growing desire to hold actual gold in the form of coins and bars.

Reports by numerous analysts and banks seem to share a bullish view for gold, evidenced by a Sept. 28 report by Deutsche Bank that stated that $1,600 an ounce gold would not be surprising for 2012 and that gold would not be in a “bubble” until hitting $2,000.

The recent bull run-up in gold prices has been attributed to many things: continued uncertainty in the real estate market; concern about the value of currencies, especially China’s; low consumer confidence in the United States; and general concern about large central banks’ ability to control the money supply adequately.

But to collectors, one thing is clear: gold coins are much more expensive than they were in 2000, in large part due to the price of gold rising 353 percent over that time.

The increased threat of intrusive federal regulations in the coin industry, such as the recently introduced Coin and Precious Metal Disclosure Act (H.R. 6149) have done little to dampen the public’s appetite for gold coins.

But dealers have responded vocally to fight multiple pieces of legislation that could affect the coin market, forming political action committees aimed at fostering better communication between the coin community and legislators.

Many dealers reported that gold was the lone bright spot in the market at the recently completed Long Beach Coin, Stamp & Collectables Expo, where several market-makers elected to stay home, instead budgeting to attend the Whitman Coin and Collectibles Philadelphia Expo, another major show, scheduled for the following weekend.

Perth Mint Unveils the Gold and Silver Bullion Coins to be offered in 2011

Recognized throughout the world for their superior quality, superb artistry and Government guarantee of weight and purity, the Perth Mint has unveiled it’s 2011 Australian Bullion Coin Program. These pure gold and silver coins are actives sought after by both investors and collectors.

The comprehensive line-up for 2011 includes two designs for gold bullion coins ranging from 1/20oz up to 10 kilos and three designs for Silver bullion coins from 1/2oz up to 10 kilos.

Struck by The Perth Mint from 99.99% pure gold, each coin is issued as legal tender under the Australian Currency Act 1965, the undisputed guarantee of its weight and purity. Portraying creative new reverse artistry, every 2011 gold bullion coin also features The Perth Mint’s historic ‘P’ mintmark, a traditional symbol of quality trusted by investors worldwide. Uniquely, many of these releases are restricted by mintage, a feature that creates an exciting potential for even greater investment return in the form of a numismatic premium.

AUSTRALIAN KANGAROO GOLD BULLION COINS : 1 kilo, 1oz, 1/2oz, 1/4oz, 1/10oz
A kangaroo is the most instantly recognisable wildlife symbol of Australia. In 2011, The Perth Mint is releasing four small gold bullion coins portraying two kangaroos ‘boxing’ in the outback. In addition, a large 1 kilo Australian Kangaroo coin is available with a classic kangaroo design by Dr Stuart Devlin, AO CMG goldsmith and jeweller to Her Majesty Queen Elizabeth II.

No more than 350,000 1oz coins, 100,000 1/2oz coins, 150,000 1/4oz coins and 200,000 1/10oz coins will be produced in 2011.

AUSTRALIAN LUNAR GOLD BULLION COINS : 10 kilo, 1 kilo, 10oz, 2oz, 1oz, 1/2oz, 1/4oz, 1/10oz, 1/20oz
The Australian Lunar series of gold coins epitomizes The Perth Mint’s rich tradition of minting investor coins portraying Chinese themes. This year’s releases mark the 2011 Year of the Rabbit, one of 12 animals associated with the ancient Chinese lunar calendar. In Chinese culture, people born in the Year of the Rabbit – 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999 and 2011 – are articulate, talented, and ambitious. They are virtuous, reserved, and have excellent taste. Rabbit people are admired, trusted, and are often financially lucky. They are fond of gossip but are tactful and generally kind. Rabbit people seldom lose their temper. They are clever at business and being conscientious, never back out of a contract.

No mintage limit applies to 1 kilo, 10oz, 2oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz coins. However, production will close at the end of 2011, when The Perth Mint will declare each coin’s official mintage. A maximum of 100 10 kilo coins will be produced on a made-to-order basis. However, production will close at the end of 2011, when the coin’s actual mintage will be declared. The Perth Mint will produce no more than 30,000 1oz coins. Production will cease when the mintage is fully sold or at the end of the series, whichever comes first. (more…)

2010 Proof Buffalo and Jane Pierce Gold Coins Go on Sale Today from US Mint

[CoinLink News] The  United States Mint announced that beginning today, June 3rd , the 2010 American Buffalo Gold Proof Coins will go on sale at noon Eastern Time (ET).

The obverse (heads side) and reverse (tails side) designs of the American Buffalo Gold Proof Coin are based on the original 1913 Type I Buffalo nickel by James Earle Fraser.  The obverse features the profile of a Native American with the inscriptions LIBERTY, 2010 and the W mint mark for the United States Mint at West Point.  The coin’s reverse features the revered American Buffalo-also known as the bison-with the inscriptions UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, $50, 1OZ and .9999 FINE GOLD.

Each American Buffalo Gold Proof Coin is presented in an elegant hardwood box with a matte finish and faux leather inset.  The coins are exhibited on a platform which can stand at an angle for display when the box is open.  A Certificate of Authenticity signed by the Director of the United States Mint is included.

Also today, June 3, The United States Mint will begin accepting orders for the Jane Pierce First Spouse Gold Coin at noon Eastern Time (ET).  The one-half ounce 24-karat gold coin, struck at the United States Mint at West Point, will be available in proof and uncirculated conditions.

The maximum mintage for the Jane Pierce First Spouse Gold Coin is set at 15,000 units across both product options.  Customer demand will determine the ratio of proof to uncirculated coins produced within the total maximum mintage.  There is no household order limit for this product.

Bronze medals bearing a likeness of the gold coin also will be available for $5.50 each.  There is no mintage or household order limit for the bronze medal, which is 1-5/16 inches in size.

The coin’s obverse (heads side) features a portrait of Jane Pierce designed by United States Mint Artistic Infusion Program Master Designer Donna Weaver and sculpted by United States Mint Sculptor-Engraver Don Everhart.  Inscriptions on the obverse include JANE PIERCE, IN GOD WE TRUST, LIBERTY, 2010, 14th and 1853-1857, the period during which she served in the White House.  The coin’s reverse (tails side) was also designed by Weaver and sculpted by United States Mint Sculptor-Engraver Charles L. Vickers.  The design depicts Pierce sitting and listening to debates in the visitor’s gallery of the Old Senate Chamber in the U.S. Capitol Building.  Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, $10, 1/2 OZ. and .9999 FINE GOLD. (more…)

The First Israeli Bullion Coin Is Released

“There was great excitement among both international and Israeli coin collectors on the day of the initial offering of the first Israeli bullion coin,” the Israel Coins and Medals Corp. said in a statement Wednesday. “In the morning, the telephone lines at our order call center crashed because of high demand and interest for the special gold coin.”

The Bank of Israel has issued and aptly named this series “Jerusalem of Gold”. The coins in the series are legal tender. Each contains 1 oz. of fine gold.9999 and has a face value of 20 New Sheqalim (NIS).

These are the very first Israeli gold bullion coins, priced in accordance with the daily international price of gold, plus a reasonable mark up over gold.

These bullion coins are equally valuable as collectors items and as financial investments. The Gold Bullion Coins in the “Jerusalem of Gold” Series will depict a treasured historical site in the eternal city of Jerusalem.

The obverse features the The Tower of David, rising above the walls of the Old City of Jerusalem, near Jaffa Gate. The word “Jerusalem” appears above the Tower, again in all 3 languages, the Face Value of 20 New Sheqalim (NIS), mint mark and year. On the right side appear the words “1 oz. fine gold .9999” in Hebrew and English.

The reverse of each coin will depict The Lion of Megiddo, with its stylized curved tail, is taken from an ancient seal excavated in Megiddo (Armageddon) in the Jordan Valley, dating from the 8th cent. BCE. The seal belonged to Shema, the servant of Jeroboam II, Israelite King. The lion is also the symbol of the Tribe of Judah and of the eternal capital of Israel, Jerusalem. The same Lion of Megiddo appeared in the past on the Israeli 5 Lira Banknote (1958), 5 Lira Coin (1978), and on the Half Sheqel Coin (1980). Above the figure of the lion appears the State of Israel Emblem and below it the word “Israel” in English, Hebrew and Arabic..

One coin will be issued annually, starting from 2010 with the “Tower of David”. The 2011 coin in the series, will feature another timeless treasure, “The Western Wall” the last remnant of the Second Holy Temple.

The gold coins are valuable as collector’s items and as financial investments. The Tower of David edition will be limited to 3,600 coins. In addition, there is a strict limit of five gold coins per customer.

The coins in the series are legal tender and are issued by the Bank of Israel.

Gold Coin Sales to End December 31st for 2009 Ultra High Relief Double Eagle

Sales of the 2009 Ultra High Relief Double Eagle Gold Coin will end on December 31 at 3 p.m. (Eastern Time).

Customers may order the 2009 Ultra High Relief Double Eagle Gold Coin until December 31 at the United States Mint’s secure Web site, http://www.usmint.gov/catalog, or by calling 1-800-USA-MINT (872-6468).

Customers with TTY equipment may order by calling 1-888-321-MINT (6468). Credit cards are billed as products are shipped from our fulfillment center. Because of possible price fluctuations, mail orders are not accepted. There is no household limit.

The obverse (heads side) design of the one-ounce $20 coin, which is struck in 24-karat gold, features Liberty, represented by a statuesque woman striding forward. The reverse (tails side) design depicts a young eagle flying during a magnificent sunrise. The coin is encased in a protective capsule and mounted on a wood platform housed in a velvet-lined, highly lacquered, mahogany wood box that bears inscriptions in a font similar to those used in the early 1900s, when the original coin was produced.

Included with each coin is an official hard-cover, companion book that chronicles the story of the original $20 1907 Double Eagle gold piece, and describes the modern technologies and processes that the United States Mint used to perfect the legal tender 2009 version. The book is not sold separately.

Sales for the 2009 Ultra High Relief Double Eagle Gold Coin began on January 22, 2009 – a special collectible resulting from modern 21st century digital design technology. To date, sales of the coin have exceeded 108,961 units. (more…)