July 24, 2014

January 6, 2014: America the Beautiful Quarters, 2014 American Gold Eagles, Perth Mint New Products

mercanti-eagleWelcome to Coin Update!

We’re back with the latest round up of coin collecting news and articles from around the internet!

The United States Mint will soon begin accepting orders for the 2014 America the Beautiful Quarters Proof Set, representing the first appearance of this year’s five new quarter designs.

Opening day sales for the US Mint’s 2014-dated American Gold Eagle bullion coins reached 37,500 ounces.

The Girl Scouts of the USA will not receive any surcharges from US Mint commemorative coin sales since the program failed to cover its costs.

An article describing three great coin pairings that can serve as the starting point for amazing collections.

Charles Morgan explains why and how he sold all of his coins.

The ANA Roadshow featuring coins from the ANA Edward C. Rochette Money Museum will make its next stop at the FUN Convention.

A specimen 1852 Moffat Gold $10 Coin will be auctioned by Heritage at FUN.

A letter from Mark Salzberg, the Chairman of the Certified Collectibles Group which includes NGC and PMG, reviews the past year and looks ahead.

The House Financial Services Committee has demanded to see the Justice Department’s legal analysis of the platinum coin option for avoiding the debt ceiling.

A new tool has been created which allows anyone to create their own cryptocurrency to compete with Bitcoin.

A brief note on Thomas Sully’s influence on US coins and currency following a special exhibit at the Milwaukee Art Museum.

Another article on the sales of Canada’s first gold coins.

The Perth Mint has started accepting orders for many new product releases, including high relief gold and silver proof coins featuring an eagle design by John Mercanti.

And now for some notable auctions. First, an example of the 2013-W Proof Gold Buffalo graded PCGS PR70DCAM with First Strike designation. Based on the last reported sales figures, this coin has the lowest mintage for a one ounce proof coin of the series.

Next, a super rainbow toned example of the low mintage 1950-D Jefferson Nickel graded NGC MS 67 with Star designation acknowledging the exceptional eye appeal.

That’s it for the update. Have a great day!

Comments

  1. Samuel says:

    “The Girl Scouts of the USA will not receive any surcharges from US Mint commemorative coin sales since the program failed to cover its costs”.

    the mint should mint coins that buyers like.

  2. VABEACHBUM says:

    You are not wrong, Samuel. The 2014 CRA Coin will end up being another travesty for that same reason.

    Still, the CoinWorld article on the failure of the GSA coins is worth reading. Within 3 months of the on-sale date and with slightly more than 50% of the authorized mintage being struck, the Mint accepted that “substantial sales” were not going to materialize and ceased additional production. Based on the initial production and final sales, approx 84K unsold coins will be destroyed!!

    While I never have been impressed with the Mint’s minimal efforts to market their products, I found it interesting that the GSA’s heavy involvement in the design process and their vested interest in this program could not muster stronger sales within either its current members or alumni. Probably would have been easier for GSA to solicite $10 donations from each member, rather than encourage them to spend $50 on a coin they may not have liked, but certainly did not want.

    I would like to know if anyone has data on the sales distribution of these GSA commemorative coins to current Mint customers, bulk re-sellers of Mint Products, and GSA members / alums. Might be an interesting analysis.

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