Entries from January 2011 ↓

2011 Proof Set

The US Mint began selling the 2011 Proof Set on January 11, 2011 (that’s 1-11-11). This popular annual offering comes earlier than usual in the US Mint’s effort to make the most popular products available for collecting and gift giving purposes throughout the year.

Each set includes a total of 14 proof coins struck at the San Francisco Mint and containing the “S” mint mark. The coins “are extraordinarily brilliant, with sharp relief and a mirror-like background.” The raised features a frosted to create a cameo effect.

The coins include:

  • 2011 Presidential Dollars (Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes, James Garfield)
  • 2011 Native American Dollar
  • 2011 Kennedy Half Dollar
  • 2011 America the Beautiful Quarters (Gettysburg, Glacier National park, Olympic National Park, Vicksburg, Chickasaw National Recreation Area)
  • 2011 Roosevelt Dime
  • 2011 Jefferson Nickel
  • 2011 Lincoln Cent

The 2011 Proof Set is priced at $31.95. I placed an order for my sets on the start of sales. I am hoping the proof sets are waiting for me in my PO Box now!

4,588,000 Ounces of Silver

With the month about two-thirds gone, the US Mint has already sold 4,588,000 ounces worth of silver bullion through the American Eagle Bullion Program. The total sales for ounces of gold has reached 75,500.

The amount for silver is significant since it already marks a monthly record for American Silver Eagles. The previous record occurred when the US Mint sold 4,260,000 coins in November 2010.

The US Mint has been selling 2011 Silver Eagles since January 3, 2011. Added to this amount are some remaining 2010 Silver Eagles that remained within inventory at the start of the year. Sales have been subject to “standard allocation,” which is the US Mint’s fancy way of saying “rationing.”

The price of silver has recently pulled back from over $30 per ounce to $27.50. Are investors using this as an opportunity to increase their positions?

2011 United States Army Commemorative Coins

Two commemorative coin programs were authorized by Congress for 2011. Recently, design selections were unveiled for the 2011 United States Army Commemorative Coins. The three coins included in the program each focus on a different aspect of the U.S. Army.

The $5 gold coin focuses on the role of the U.S. Army throughout history. The obverse design shows soldiers from the Revolutionary War, American Civil War, World War I, World War II, and the modern era. On the reverse of the coin is the official U.S. Army emblem. Designs are by Joel Iskowitz for the obverse and Joseph Menna for the reverse.

The silver dollar for the U.S. Army Commemorative Coins depicts soldiers of the modern era. A male and female soldier are shown in uniform with a globe in the background. On the reverse of the coin is the Great Seal of the United States, with the seven core values of the Army around. Richard Masters designed the obverse and Susan Gamble designed the reverse.

The half dollar shows the Army’s role in peacetime. The obverse includes a soldier surveying, two servicemen building a floodwall, and the Redstone rocket. The reverse shows a soldier in the Continental Army. The obverse design is by Donna Weaver with the reverse by Thomas Cleveland.

The second program for the year is the Medal of Honor Commemorative Coins. Designs were announced in September 2010. Sales for the coins included in both commemorative programs will begin at the US Mint during the first quarter of 2011.

2011 America the Beautiful Quarters

The new series of quarters featuring National Parks and National Sites will continue in 2011 with five more releases. These 2011 America the Beautiful Quarters will feature sites in the states of Pennsylvania, Montana, Washington, Mississippi, and Oklahoma.

I think the designs for the coming year are particularly well done. Each has a very unique and distinctive image that can serve as an iconic statement about the area portrayed. Two of the coins feature National Military Parks, two feature National Parks, and one features a National Recreation Area.

Designs were picked by the United States Treasury of the Secretary, but he was required to consider the input of various committees and other interested parties. The final design selections for the reverse of each quarter are shown below.

First up for release will be the Gettysburg National Park Quarter, which includes a depiction of the 72nd Pennsylvania Infantry Monument. The design is by Joel Iskowitz.

Next is the Glacier National Park Quarter, which includes an image of a mountain goat on a rocky ledge. The northeast slope of Mount Reynolds appears in the background. The design is by Barbara Fox.

The Olympic National Park Quarter will be released in the middle of the year. A Roosevelt Elk is shown stepping into a river. Mount Olympus appears in the distance. This design is by Susan Gamble.

A stunning scene of the U.S. Cairo appears on the Vicksburg National Park Quarter. The Union ironclad gunboat appears as it served during the American Civil War. This design was by Thomas Cleveland.

The final coin to be released for the year is the Chickasaw National Recreation Area Quarter. The series can feature both National Parks and other federally designated areas, like the site chosen for Oklahoma. The design is by Donna Weaver.

2011 American Gold Eagles

The American Gold Eagle is minted in 22 karat gold and features one of the most beautiful coin designs of all time. The bullion versions of the coins are offered in four different sizes and contain one, one-half, one-quarter, or one-tenth ounce of pure gold. The coins have been minted and issued since 1986.

The obverse design was created by Augustus Saint Gaudens and used for the circulating gold double eagle, minted from 1907 to 1933. Liberty appears in flowing gown, with a lit torch and olive branch. The rays of the rising sun are behind with an image of the U.S. Capitol building offset to the left. The reverse features a family of eagles designed by Miley Busiek for the series.

The 2011 Gold Eagles went on sale to authorized purchasers on January 3, 2011. Like other US Mint bullion coins, this group purchases in bulk quantities and then resells to the public. The initial sales levels show a retraction from last year, when demand for gold bullion was especially heavy.

Currently the US Mint only has the one ounce bullion version of the 2011-dated Gold Eagle available. Fractional weight bullion coins are expected to be offered later in the year. Collector proof versions across all standard weights are scheduled to be released on April 24, 2011.