President Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA).

The coins will be minted and sold in 2013, marking the end of Girl Scouts’ yearlong centennial celebration and kicking off a new century of leadership and service to girls.

The bill, H.R. 621, was introduced by Rep. Jack Kingston and easily passed by a voice vote on Oct. 13. Sen. Susan Collins sponsored a companion bill, S. 451. Instead of moving that forward, the Senate simply passed the House version on Oct. 19 by Unanimous Consent.

President Obama signed the bill at 3:15 p.m. ET during a ceremony at the White House that included Connie L. Lindsey, GSUSA National Board Chair, Laurie Westley, Senior Vice President, Public Policy, Advocacy & the Research Institute, and girls from the Girl Scout Council of the Nation’s Capital.

(…)
Read the rest of Girl Scout Commemorative Coin Act is Law (313 words)

Today at noon ET the United States Mint began selling the 2009 American Buffalo Gold Proof Coin for $1,360.00, as it announced on Oct. 22.

The one-ounce .9999 fine (24 karat) gold coin is expected to draw significant attention. The US Mint handled early demand in improved fashion compared to the collector blitz and resulting problems that brought its web site down just a few weeks ago with the release of another product, the Lincoln Coin and Chronicles Set.

While there were initial reports of several minute online order delays, that appeared to be the extent of any issue. Phone lines were busy. Some collectors indicated that it took dozens of minutes to get through to a Mint customer service representative, but again, it was unlike their experience of weeks back where there were reports of over an hour of delay and repeated "call back" messages. The Mint added an extra menu option that routed customers to a different queue and standby waiting list, which may have helped.

The Mint’s handling of the Buffalo Gold proof orders on opening day indicates they made improvements, but demand may also have been less intense. The $1,360.00 price point certainly held some customers at bay — especially when considering that gold prices have been dropping for several days and the coins missed out on a $50 price cut by a mere 28.8 cents. (See 28.8 Cents Prevents US Mint Gold Coin Price Reductions.) Many may try and wait for such a cut next week, despite the possibility that the coins could sell out — the Mint has not indicated how many are available, and there are no order limits in place.

(…)
Read the rest of 2009 American Buffalo Gold Proof Coin Launches with Little Issues (253 words)

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul Berger, was the production of a gold bullion coin for investment purposes: the Vienna Philharmonic.

On 16th October this year a limited quantity of 6,027 Vienna Philharmonic coins, each weighing 20 ounces of fine gold, will go on sale in Europe, America and Japan.

20 ounces to commemorate 20 years!

Why the odd number? The mint decided to offer 2009 coins (the date of the 20th anniversary) in its three major markets: in Europe, in America and in Japan. Investors still remember the 15 giant coins (each of 1,000 ounces) that celebrated the fifteenth anniversary in 2004, and that entered the Guinness Book of Records as the then largest gold coin in the world. All 15 giant coins were snapped up within days, and the excitement surrounding this special issue of a 20 ounce coin promises a similar market reaction.

The new 20 ounce coin has a diameter of 74 mm and a thickness of 8.3 mm and is housed in a prestigious wooden and red velvet case. Pre-orders for this unique anniversary gold coin have already started pouring into the mint in Vienna. It promises to be a major success as indeed the past 20 years of the Austrian bullion programme have been.

The Vienna Philharmonic Story

The decision in 1989 to issue a gold bullion coin in the two weights of 1 ounce and ¼ ounce was greeted with indulgent smiles. Austria, a small central European country since the destruction of her empire in 1918 and without any gold mining industry to support, was entering the bullion market, long dominated by the Krugerrand and that time divided between the USA, Canada and Western Australia.

Berger and his team decided that music was the ideal theme for their new coin. Austria was internationally renowned for its music, but they decided against the portrayal of one of the many great composers like Mozart, Haydn or Strauss. That would make the coin appear like a commemorative edition for collectors. Instead they chose a living and world-famous musical institution: the Vienna Philharmonic Orchestra. To their delight the members of the orchestra enthusiastically endorse this choice, freely grant the use of their name. The engraver, Thomas Pesendorfer, designed a collection of instruments to represent the orchestra itself and for the other side of the coin he took the great pipe organ of the Golden Hall in Vienna where the orchestra plays at home. It is seen on television around the world every year on 1st January during the New Year’s Day Concert.

The new Austrian coin was launched in Vienna on 10th October and was an immediate success. The demand in the home market was nothing less than ferocious. In two and a half months 419,000 ounces were sold, achieving with one blow an 18% world market share for the entire year 1989! It rapidly established itself as a serious participant in the international gold market. In 1992 and again in 1995, 1996 and 2000 the Vienna Philharmonic was ranked by the World Gold Council as the top selling gold bullion coin worldwide. In 2008 the Vienna Philharmonic continued to rank No. 1 in Europe and in Japan, and with a year’s market share of 25% it came in 3rd worldwide narrowly missing 2nd place. The “indulgent smiles” have long since disappeared.

A 1/10 ounce in 1991 and a ½ ounce coin in 1994 completed the traditional family of four sizes. In 2008 a silver 1 ounce Vienna Philharmonic was added to the investment range with resounding success.

Looking back on 20 years of continual growth and success, the Vienna Philharmonic has established itself firmly as one of the four great gold bullion coins offered on the international market of today. This one-time issue of a limited number of 20 ounce gold coins is but a fitting tribute to a 20 year long success story that shows no signs of letting up in the near future.

Related posts:

1. Last of the Austrian Mint’s “Vienna Jugendstil” Series
2. Austrian Mint Issues 5 Euro Silver Coin Honoring Great Conductor
3. Gold touches 27-year high of $746.30 an ounce; silver surges nearly 3%

US Mint sales numbers are often mixed when it comes to silver related collector products — demand for coins in one hand rise while those in the other decline, metaphorically speaking. October has been different. Silver coins have trended up or down as a group without the mixing.

(…)
Read the rest of US Mint Silver Coins Cool, Bullion Eagles Near 23M (366 words)

© Silver Coins Today for Silver Coins Today, 2009. |
Permalink |
No comment |
Add to
del.icio.us

Post tags: Silver Coins, U.S. Silver Coins

The World Wide Fund for Nature (WWF) was started nearly 50 years ago in Europe with a mission to conserve nature. Over the years, the organization has grown world-wide and now directs millions of dollars annually toward nature preservation.

To help draw attention to the work of the WWF, The Royal Mint of the United Kingdom has created the WWF Silver Medal Set. The collection is limited to only 2,000 sets worldwide and comes housed in a beautiful presentation case with an illustrated booklet and a certificate of authenticity.

Each of the six medals features a different species protected by the WWF as well as an extract of a quotation from one of the organizations founders, Max Nicholson:

‘WWF is not just about saving whales and tigers and rainforests,and preventing pollution and waste, but is inescapably concerned with the future conduct, welfare and happiness and indeed survival of mankind on this planet.’

The medals are struck to proof condition from .925 sterling silver with a weight of 28.28 grams and a diameter of 38.45 mm. The Royal Mint Engraving Team designed the collection to showcase the following creatures:

(…)
Read the rest of WWF Silver Medal Set Issued by The Royal Mint (333 words)

© Darrin Lee Unser for Silver Coins Today, 2009. |
Permalink |
No comment |
Add to
del.icio.us

Post tags: Silver Medals, UK Silver Coins

The Austrian Mint has just released their product schedule (known to them as an Issuing Programme) for the year 2010.

The coin schedule includes many coins that collectors should find nearly irresistible, given the spectacular designs the Mint has become known for from around world.

Several of the new issues will be continuations of series started in previous years and one will be the very first coin of a new series.

For reference, here is an image of the provided 2010 coin product schedule (click image to enlarge):

(…)
Read the rest of Austrian Mint 2010 Coin Product Schedule (1,058 words)

© Silver Coins Today for Silver Coins Today, 2009. |
Permalink |
No comment |
Add to
del.icio.us

Post tags: Silver Coins

US Mint collector coins moved like molasses when compared to sales figures of two weeks ago. But bullion coins — especially gold — still had a little swagger in their step. October will be a robust month for American Eagles and American Buffalos.

These and other highlights follow:

• UHR Double Eagles took a significant hit, rising sadly by only 562. Since they went on sale Jan. 22, there has been one single instance when weekly sales were lower. The reason? Gold has been on a five day losing streak, which started last Thursday. It makes sense for collectors to be cautious in buying with expectations of a $50 price decline. We missed that reduction by just 28.8 cents.

• In the Lincoln category, the Chronicles sets were taken off standby status last week with the max 50,000 officially allocated. Lincoln Cent Proof Sets climbed by 4,900, which was less than half of the prior 10,921 increase.

• 2009 US Mint and US Mint Proof Sets were the biggest unit gainers, rising 21,826 and 22,613 respectively. The proof sets were actually up a tad bit. Not so for the mint sets which previously climbed by 74,474. The 500,000 milestone is still nearly 11K away.

• (…)
  Read the rest of US Mint Sales: Bullion Robust, Collector Coins Retreat (1,143 words)

  ---

  © CoinNews.net for Coin News, 2009. |
  Permalink |
  No comment |
  Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Featured Coin News Articles, First Spouse Gold Coins and Medals, Mint Sales Figures, Presidential Dollar, United States Mint News and Information.

  

The price of gold has been on a five-day price slide, but ironically the timing of the decline was slightly off in helping collectors pay less for US Mint gold collector coins.

The US Mint uses a London Fix weekly gold average to determine whether to keep gold coin prices the same, or adjust them up or down. The average came in 28.8 cents higher than the threshold needed to cause a reduction of UHR Gold Double Eagles by $50, First Spouse Gold Coins by $25, and 2009 Gold Buffalo Proof Coins by $50.

The Buffalos go on sale Thursday at noon ET. Since the London Fix five day average is $1,050.278, the coins will launch with a price tag of $1,360.00. Had the average been at or below $1,049.99, the coin would have been released at $1,310.00.

(…)
Read the rest of 28.8 Cents Prevents US Mint Gold Coin Price Reductions (139 words)

1879 Flowing Hair stella leads the way with $161,000; strong prices signal optimism in the market

DALLAS, TX — With a sell-through rate of 90% by lot and 88% by dollar value, and almost 3300 bidders, Heritage Auctions’ Oct. 23-24 Dallas Signature® U.S. Coin Auction soared to $8.7 million total. All prices include a 15% Buyer’s Premium.

The impressive tally is a good sign for the coin market and provides strong momentum as the numismatic world prepares for the January FUN auctions, long a solid indicator of the overall strength of the business and a benchmark by which to judge the coming year.

"We saw some very strong prices in some unexpected areas," said Greg Rohan, President of Heritage Auctions. "The rare coin market seems to be almost fully recovered in many areas, and perhaps even headed for record price levels next year."

A stunning 1879 Flowing Hair stella struck in gold, Judd-1635, Pollock-1833, PR65 NGC was the top lot of the Heritage Auctions event, with a price realized of $161,000 for this international trade coinage pattern, which bears a Flowing Hair portrait of Liberty by Charles Barber. Demand for the issue is far greater than the supply; only a few hundred of the gold 1879 Flowing Hair stellas were minted and distributed, mainly to interested members of Congress.

(…)
Read the rest of Heritage Auctions Realizes $8.7 Million in Dallas U.S. Coin Auction (698 words)

The United States Mint has sold 110,500 one-ounce American Buffalo $50 Gold Bullion Coins since they were released on Thursday, Oct. 15, 2009.

To place that in perspective, in less than two weeks bullion dealers have purchased 64.2 percent of the total (172,000) that was sold in all of 2008.

There appeared to a touch of dry spell in sales for several days. The US Mint generally updates bullion figures daily, but the Gold Buffalos remained at 86,000 from last Wednesday until Tuesday morning when the tally jumped to 106,500. By close of business Tuesday, numbers were at 110,500.

The Mint will begin selling the collector proof Buffalo coins this Thursday at noon ET. Demand is expected to be fierce. No order limits are in place.

(…)
Read the rest of US Mint Bullion Gold Buffalo Coins Top 110K (219 words)