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Tag Archives: u.s. mint
IOLA, Wis. (Oct. 18, 2012) – Krause Publications, a worldwide leader in coin and paper money publishing, has announced the nominees for the 2013 Coin of the Year awards. Each year, the awards honor the best in coin design from … Continue reading
A lot has changed in 75 years at the San Francisco Mint. Gone are the fifth floor pistol range, blacksmith shop and tear gas security system, replaced by robotic technology, a clean room and a focus on lean manufacturing. Continue reading
With the U.S. Mint due to report on the future of U.S. circulating coinage in 2013, perhaps now is the time to also look into the relationship of the U.S. Mint and its products with coin collectors. We are a critical constituency for the U.S. Mint and our opinion of this government institution is going to become ever more important. Continue reading
The U.S. Mint has two goals. The first and primary goal is the production of circulating coinage to meet the demands of American commerce. The secondary goal is to produce coinage for collectors. The collector coins take up far less of the Mint’s time and resources, but they provide a very handsome profit for the Mint, and therefore, the wants and well-being of collectors should be a high concern to the Mint. Continue reading
A large drop in cent production in October helped push overall Mint output lower for the month. The decline of 157.6 million pieces put the October cent production at 381.2 million coins as compared to 538.8 million the month before. Continue reading
Holiday demand for annual sets produced by the U.S. Mint seems to be kicking in this week. Sales of the clad 2011 proof set rose by 16,545 to reach 933,011. The silver proof set moved ahead by 5,789 to 493,708. Continue reading
The sellout magic very obviously has departed from the America the Beautiful 5-ounce program. Sales of the 2011-P uncirculated collector versions of the Gettysburg and Glacier coins are just crawling along. The three 2011 bullion coins still available saw no additional sales at all this week. Continue reading
Collectors can sometimes be very predictable. This week, the first sales total for the 2011-W uncirculated collector silver American Eagle goes in its place further down on this page. The 184,967 pieces sold since it went on sale Sept. 15 seems to be on the strong side until you compare it to the first sales of the proof version. Demand for the uncirculated coin is running at approximately half the rate recorded by the proof in its first few days after it went on sale June 30. That’s a standard collector demand pattern when there are no special factors distorting basic preferences. Continue reading
U.S. Mint struck Native American dollar coins, according to the August report, but that addition was not enough to overcome reductions in all of the other denominations and designs. Overall August coin production declined by 26 percent from the month of July, to stand at 604.54 million pieces. Continue reading
I expect you noticed that last week’s edition did not have the Mint Statistics column in it. Sorry. It could not be helped. I did not receive sales figures from the Mint before the Sept. 6 issue went to press. The 2010 Grand Canyon 5-ounce uncirculated America the Beautiful silver coin looks like a sellout. I expect the 27,154 number will be massaged back to 27,000 shortly as the Mint works through canceled and problem orders. Continue reading