5-ounce ATB coins look set to fail

Last year the U.S. Mint sold nearly 40 million one-ounce silver American Eagle bullion coins. The silver American Eagle is in the top rank of the world’s silver bullion coins. Also in 2011, the Mint sold just over 400,000 5-ounce bullion coins. That is roughly 1 percent of the Eagle number, or 5 percent if you choose to figure it according to weight. Continue reading

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Are 2012 cents slow in reaching us?

I feel like I was just brought back to reality. Sure, there was a three-day Presidents Day weekend to shorten this week, but that isn’t what makes me feel like I have just come out of a fog. What got me going was an email from longtime reader Bill Mills in Fort Lauderdale, Fla. Continue reading

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Mint profit number jarringly small

Long before impersonators of the late astrophysicist Carl Sagan popularized the phrase “billions and billions,” coin collectors of my generation were trained by the Mint post-1965 to think in terms of of billions and billions as it poured out copper-nickel clad coins to replace silver coins and end once and for all a national coin shortage. Continue reading

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Good ideas flow like beer in Berlin

If you saw the front page, you must be aware that I have been at the World Money Fair in Berlin, Germany. This was my fifth trip and I still felt like kid visiting the circus for the first time. There was so much to see. There were so many people to talk to. There were so many new coins (and old) to look at. Continue reading

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Dawning of new silver Eagle age?

Little did I know when I wrote last year that the U.S. Mint should put the “S” mintmark on the silver American Eagle bullion coins that it had begun striking in San Francisco that we were entering a new chapter, perhaps even a new age, for the silver American Eagle. Continue reading

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Forecasts not an investment lesson

The very first response to my annual forecast column of last week has arrived. The writer disagrees with my forecast that gold will be down for the year. I expect that he isn’t alone in that opinion. I hope to receive other reactions. Continue reading

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‘Collector’ is more than just a name

Is it possible simply to be a collector anymore, or do you have to be a collector/investor, or worse, an investor these days to be a success in numismatics? Read this week’s Viewpoint. I can understand collectors sometimes feeling like tourists in their own land. Continue reading

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Mint needs to beg, borrow or ‘steel’

The decision to suspend production of dollar coins for circulation indirectly is kicking the props out from under the cent and the nickel because it is seigniorage from the dollar coins that is masking the large losses the U.S. Mint takes each year to strike cents and nickels. Continue reading

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Revise dollar rules to complete set

No more Presidential dollar coins will be struck for circulation. Can that be any surprise after last summer’s uproar over the fact that more than 1 billion are being housed at great cost in the vaults of the Federal Reserve System? Continue reading

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Enduring hobby slave to fashions?

Coin collecting is about as close to an eternal hobby as we are likely to see on this earth. We can count on it carrying on through the remainder of our lives. But what else would we expect of a field that has its roots in the actions of Italian princes during the Renaissance 700 years ago? Continue reading

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