Entries Tagged 'Uncategorized' ↓

Gaum Quarter Launch

guam-quarter1On June 3, 2009, the United States Mint Director Edmund Moy and Guam Governor Felix Camacho conducted the official launch ceremony the Guam Quarter. The ceremony was held at Skinner Plaza in Hagatna, Guam.

The launch ceremony takes place about a week after the coins were released into circulation and went on sale at the US Mint in rolls and bags. The Guam Quarter mintage has gotten some attention as being the lowest for the new District of Columbia and US Territories Quarters program to date.

Children who attened the ceremony received a free Guam Quarter. Other attendees had the opportunity to exchange bills for rolls of new coins. A coin forum hosted by Director Moy was held prior to the ceremony.

Continue reading →

US Mint Product Schedule Update

The US Mint has updated their product schedule again. Since it was first released, they have periodically added new products or changed vague dates to specific dates.

The latest round of updates includes some great news for anyone looking to get their hands on the 2009 Lincoln Cents. The US Mint will be offering two roll sets of the coins. The first set featuring the Log Cabin design will be offered for sale on March 13, 2009.

The partial US Mint schedule for unreleased products with specific release dates known appears below.

3/5/2009 First Spouse Series One-Half Ounce Gold Proof Coin – Anna Harrison
3/5/2009 First Spouse Series One-Half Ounce Gold Uncirculated Coin – Anna Harrison
3/13/2009 Lincoln Cent Birthplace Roll Set
3/17/2009 William Henry Harrison $1 Coin Cover
3/19/2009 Anna Harrison Bronze Medal 1 5/16”
3/23/2009 United States Mint 2009 District of Columbia & U.S. Territories Quarters Silver Proof Set™
3/26/2009 Louis Braille Bicentennial Silver Dollar
3/30/2009 Puerto Rico Bags and Two-Roll Set
4/2/2009 2009 Presidential $1 Coin Uncirculated Set (P&D)
4/7/2009 United States Mint Presidential $1 Coin & First Spouse Medal Set™ – William Henry Harrison
4/14/2009 District of Columbia Official First Day Coin Cover
4/28/2009 Puerto Rico First Day Coin Cover

2009 Anna Harrison First Spouse Gold Coins

The US Mint will soon offer the 2009 Anna Harrison First Spouse Coins. This will be the first release for the third year of the program created to honor the First Spouses of Presidents. In 2009 there will be a total of five First Spouse Coins issued since John Tyler had a first and second wife.

Anna Harrison First Spouse Coins

The Anna Harrison coin features an obverse designed by Donna Weaver and sculpted by Joseph Menna. The reverse was designed by Thomas Cleveland and suclpted by Charles Vickers. The obverse shows a portrait of the First Lady. The reverse shows Mrs. Harrison sharing her love of education and learning with a group of children.

The coins have been limited to a mintage of 40,000 coins and will be offered in both proof and uncirculated versions. The ratio of proof to uncirculated coins will be determined based on customer demand. The coins are expected to remain on sale for approximately one year or until the coins have sold out. The official release date is March 5, 2009.

Each coin contains one half ounce of 24 karat gold. The next spouse to be honored will be Letitia Tyler, which should be released during the spring.

2008 US Mint Coin Production Figures

With 2008 behind us, we can take a look at the full year 2008 coin production figures provided by the US Mint. It’s a common observation that coin production falls in slow economic times, and that observation was certainly proven true by the 2008 figures. Production was down across all denominations.

Year over year declines were measured for every denomination. Total coin production for 2008 was 10.14 billion, down from 14.44 billion in 2007.

Here are the totals by denomination and mint. The 2008 table is followed by a production table for 2007, for comparison.

2008 US Mint Coin Production (in millions)
Denver Philadelphia Total
1c 2,849.60 2,569.60 5,419.20
5c 352.80 287.76 640.56
10c 637.50 413.00 1,050.50
25c 1,287.60 1,251.20 2,538.80
50c 1.70 1.70 3.40
$1 244.82 244.30 489.12
Total 5,374.02 4,767.56 10,141.58

.

2007 US Mint Coin Production (in millions)
Denver Philadelphia Total
1c 3,638.80 3,762.40 7,401.20
5c 626.16 571.68 1,197.84
10c 1,042.00 1,047.50 2,089.50
25c 1,456.24 1,340.40 2,796.64
50c 2.40 2.40 4.80
$1 472.15 478.52 950.67
Total 7,237.75 7,202.90 14,440.65

Rhodium- The Overlooked Cousin of Platinum

While much attention has been given to the dramatic rise of platinum over the past few years, another metal in the platinum group has risen even more substantially, Rhodium.

From trough to peak, platinum has moved from approximately $400 per ounce to $2,000 per ounce. This represents an increase of 400%. The last leg of the move was spurred by power problems for the South American miners of the metal.

During approximately the same time period, rhodium has moved from $400 per ounce to an incredible $9,400 per ounce. On a percentage basis, that represents an increase of 2,250%!

Rhodium has mostly industrial uses such as its use to make electrical contacts. Rhodium is extremely scare with a worldwide production of only 25 tons.

There don’t seem to be any easy ways for the average individual to have invested in rhodium, except for some custom coins which can sometime be found with rhodium alloys of plating.

Another metal from the platinum group, palladium is expected to be available in coin form from the US Mint in the coming years. So far, palladium has lagged behind rhodium and platinum in price appreciation. However, given the performance of its close cousins, I probably would not be averse to picking some up once it becomes available.