2016 Harpers Ferry National Historical Park 5 oz. Silver Uncirculated Coin For Sale

2016-harpers-ferry-ATB-silver-uncirculated-coinOn July 14, 2016, the United States Mint began selling the 2016 Harpers Ferry National Historical Park 5 oz. Silver Uncirculated Coin. This beautiful coin commemorates the Harpers Ferry National Historical Park.

This America the Beautiful coin contains 5 ounces of .999 silver. Originally priced by the Mint at $149.95, it carries a "P" mint Mark, which designates it as a numismatic variety. Bullion versions of the same coin went on sale prior to this release. Bullion versions carry no mint mark and do not have the special vapor blast coating that the numismatic coins have.

The mintage limit on this Harpers Ferry 5 ounce Uncirculated coin has been set at a limit of 30,000 pieces. If history is any guide, it will probably have a final mintage under 20,000. This compares to the average mintage that other coins in the series have been recently experiencing.

Harpers-ferry-obverseThe design on the reverse side of this silver coin was created by Thomas Hipschen, and it was engraved by Phebe Hemphill. In the center of the image is a rendition of John Brown's fort, which is where Brown and the men fighting with him made their final stand as the Harpers Ferry Armory was being raided. On the left side is the inscription, "WEST VIRGINIA" and "E PLURIBUS UNUM" is inscribed on the right. The year "2016" inscribed at the bottom.

As with all America the Beautiful silver coins, the obverse side has a rendition of John Flanagan's 1932 portrait of the first President of the United States of America, George Washington.

First-day sales were brisk for this America the Beautiful 2016 Harpers Ferry National Historical Park 5 ounce Silver Uncirculated Coin at 18,015 units. This compares to 16,723 units sold for the last issue, which commemorated the Cumberland Gap.

This silver numismatic coin is the 33rd in the Americas the Beautiful series, which is scheduled to run through 2021 with a total of 56 coins.

2016 Cumberland Gap National Historical Park 5 oz. Silver Uncirculated Coin For Sale

On May 5, 2016, the United States Mint began sales for the 2016 Cumberland Gap National Historical Park 5 oz. Silver Uncirculated Coin. This is this 32nd silver coin in the America the Beautiful Uncirculated Series.

Originally available for $149.95, the Cumberland Gap 5 oz. Uncirculated silver coin is composed of .999 silver. It carries the "P" mint mark, which signifies that it was struck at the Philadelphia Mint. The bullion version of this coin has no mint mark.

The obverse design is the same for all coins in this series. It includes the 1932 portrait of George Washington, which was designed by John Flanagan. Also included on the obverse side of the coin are the inscriptions UNITED STATES OF AMERICA, LIBERTY, IN GOD WE TRUST, QUARTER DOLLAR, and the “P” mint mark.

2016 Cumberland Gap National Historical Park 5 oz. Silver Uncirculated Coin

The design on the reverse side of the Cumberland Gap silver 5 ounce quarter was engraved by Joseph Menna and created by Barbara Fox. It is a depiction of a frontiersman who is looking West over the Cumberland Gap. He is carrying a rifle, and the words FIRST DOORWAY TO THE WEST are inscribed on his left. Around the bottom rim of the coin is the inscription CUMBERLAND GAP, KENTUCKY, E PLURIBUS UNUM and 2016 in the center bottom.

The Cumberland Gap National Historical Park is located at the border between Virginia, Tennessee and Kentucky. It was established on June 11, 1940.

2013-W American Silver Eagle Uncirculated Coin Sales Begin at the US Mint

2013-w-burnished-silver-eagleOn May 28, 2013, the United States Mint began sales for the 2013-W American Silver Eagle Uncirculated Coin. Since 2006, the Mint has offered this special silver eagle which is created using burnished blanks. The burnished Silver Eagle coin has been included in the 20th anniversary set and the 25th anniversary Silver Eagle set. However, it was not sold in 2010 or 2009.

This year, the debut price of $48.95 has been initiated as the cost for a burnished Silver Eagle coin. The Mint has no restrictions on household order limits or final mintage. Last year's 2012-W Silver Eagle uncirculated coin had an early sellout. This surprised many coin collectors, and it escalated the value of the 2012 version on secondary markets since the mintage was significantly reduced from previous years.

The 2012 coin was sold for $45.95. Spot Silver is currently trading around $23 and has seen a significant drop since 2012. Pricing can periodically change for products at the Mint with precious metal spot values fluctuation.

This coin comes in a blue presentation case with a Certificate of Authenticity.

Can the Government Afford to Cut the Dollar Coins Production?

George Washington Presidential Dollar Coin

In an effort to save around $50,000,000 annually, the Treasury Department is stopping the new minting of dollar coins. It's estimated that there are over $1.4 million of these coins currently sitting in Federal Reserve vaults, which need to be circulated to the public. The United States Mint will continue to mint dollar coins for numismatic purposes.

If you collect dollar coins, you'll still be able to continue your coin collecting endeavor with the 2012 Chester A. Arthur Dollar Coin. As of this writing a price has not been set for this numismatic coin. It will be available at the United States Mint website in the spring of 2012.

The golden dollar coin program was suspended in an effort to support President Obama's objective of cutting waste and improving efficiency throughout the government sectors.

The question is, does this really say the government money in the long term? Has the government continued to look at the cost, and compare the expenditures of producing the dollar coin versus the currently popular dollar bill?

On October 21, 1997 Congress held hearings on the United States $1 Coin Act of 1997. One of the hot issues was the topic of amending the act to phase out the U.S. One dollar bill. Here are some excerpts from that discussion.

"Rep. Jack Metcalf then began questioning Allison about these issues in more detail. Allison explained that when the United States Mint produces a dollar coin, it spends 8 cents on production costs and issues the coin into circulation at face value (100 cents), depositing the coin in the Federal Reserve for 100 cents. The 92 cents difference is seignorage, essentially profit. In the case of a dollar bill, on the other hand, the cost of producing the bill is 4 cents, and the Federal Reserve issues the bill into circulation at face value, investing the 96 cents difference in U.S. Government bonds. The interest the Federal Reserve receives goes to Federal Reserve expenses (about $2 billion), retained earnings (a few hundred million), dividends to member banks (another few hundred million); the rest goes back to the Treasury. Metcalf noted, "It seems like an arcane system that could have been invented only by somebody who was mentally deranged."

The cost of processing dollar bills is also shown to be much higher than coins at some organizations.

"Alfred A. Outlaw of the Southeastern Pennsylvania Transportation Authority then spoke in favor of eliminating the dollar bill. He explained:

The cost to process one thousand dollars worth of one dollar bills at SEPTA is approximately $10.11. The cost to process the same amount in coins is $1.22. The reason for the large difference is that handling paper currency is more labor-intensive. Coin processing is more efficient due to the higher degree of technology and availability of counting machines. I don't know of any technology that will fully process paper currency and meet the Federal Reserve's acceptance requirements that all paper currency is faced when stacked. This simply means all one dollar bills must be stacked with the portrait of George Washington facing the same direction. Therefore, our note processors must stack and face all bills by hand."

Is the government really saving $50 million a year, are losing much more in the long term by suspending the production of dollar coins?

25th Anniversary Silver Eagle Set

The highly anticipated 25th Anniversary Silver Eagle Set goes on sale tomorrow, at 12 noon sharp Eastern standard Time at www.usmint.gov. This set will surely sell out quick as there are many Silver Eagle Coin collectors throughout the world.

The United States Mint has only lately confirmed details on this spectacular set of Silver Eagle coins.

It was only 25 years ago, that the United States Mint started their selling  Silver Eagle proof coins. In the year 2006, they successfully introduced a 20th anniversary set, which is popular among collectors. This 25th Anniversary Silver Eagle Set will undoubtedly become just as popular.

The following coins are represented in this five coin set:

  • 2011 Proof Silver Eagle with a W mint mark
  • 2011 Uncirculated Silver Eagle with a W mint mark
  • 2011 Uncirculated Silver Eagle with a S mint mark
  • 2011 Reverse Proof Silver Eagle with a P mint mark
  • 2011 Silver Eagle bullion coin with no mint mark

These five Silver Eagle coins will be packaged and presented in a custom-designed hardwood presentation case; along with a certificate of authenticity for each set.

The United States Mint is setting a 100,000 unit number on the number of sets struck. Each household will be allowed to buy a maximum of five sets for at least the first week during sales. The price of this set is $299.95.

In 2006, when the 20th Anniversary Silver Eagle set was issued, it cost $100 per set, and contained three coins. Coins included A Silver Eagle proof with W mint mark, an Uncirculated Silver Eagle with W mint mark, and a Reverse Proof Silver Eagle with a P mint mark. These sets were sold with a 250,000 maximum unit limit. As of this writing, current 20th anniversary Silver Eagle sets can be bought for around $300 on the secondary market. It should be noted that these 20th Anniversary sets have sold on the secondary market for prices as high as six times the original selling price.

As of now, there are two special coins in this 25th Anniversary set. The 2011-P Reverse Proof Silver Eagle coin, and the 2011-S Uncirculated Silver Eagle coin have not been previously released by the Mint. As long as the Mint does not produce these coins after this set is released, these two coins will have a maximum mintage of 100,000 coins apiece. That would make those two coins the second lowest minted Silver Eagles in all the years and formats that the United States Mint has been producing Silver Eagle coins.

While this year has produced an abundance, and maybe even an overload of Silver products by the United States Mint, this 25th Anniversary Silver Eagle Set is highly anticipated, and will most certainly sell out quickly.

Earlier this year in April, the United States Mint sold the 2010 Hot Springs 5 ounce Silver Bullion Coin to eager coin collectors who managed to shut down the United States Mint website during the first few hours of the product's availability. It's uncertain as to whether the Mint has had time to alleviate these problems, as I'm sure they are expecting a happy herd of Silver Eagle coin collectors to hit their website at 12 noon sharp tomorrow. All I have to think is that you should get there early to get one of these awesome sets.

2011 Silver Eagle 25th Anniversary Set Reverse Proof PF70 Coin Early Release.
2011 Silver Eagle 25th Anniversary Set Reverse Proof PF70   Coin Early Release. $315.00 (7 Bids)
Time Remaining: 1d 6h 20m
2011 25th Anniversary American Silver Eagle 5 Coin Set
2011 25th Anniversary American Silver Eagle 5 Coin Set  $550.00
Time Remaining: 2h 23m
Buy It Now for only: $550.00
2011 Silver Eagle 5 Coin 25th Anniversary Set PCGS MS PF 69 FS Mercanti
2011 Silver Eagle 5 Coin 25th Anniversary Set PCGS MS PF 69 FS Mercanti $450.00
Time Remaining: 6d 4h 36m

Fake Conterfeit Morgan Dollars From China on Ebay

As the price of silver and gold has gone up the past few years, so too has the counterfeiting of rare and precious coins.

This story from two years ago, mentions that thousands of coins have been placed into the market by Chinese counterfeiting rings. These fake coins have also been put into counterfeit PCGS and NGC coin holders. Here's a video that's disturbing to most coin collectors.

These fake counterfeit  morgan silver dollars were bought off of ebay.com for 3 dollars each.  Look how authentic they seem to be.

One viewer on Youtube.com made the comment, "If it is silver then it would only be worth it content in silver. From what you shown in your video they look like good fakes, they even have wear marks and patina on it. I personally bought Morgans 3 years ago but only the common dates and never the CC or rare dates knowing that many of them out in the open market are counterfeit. As people are wising up and starting to buy more gold and silver coinage you will see more counterfeits hit the market. Thanks for showing us how to detect fakes!"

It's buyer beware out there, and really a shame.

Barack Obama Coin Buyers Beware

barack-obama-coinsCommemorative Barack Obama coins have been popping up everywhere since the new president was sworn in to office.  Millions of dollars will be spent on these coins by admirers of the new president, and those thinking there new commemorative coins will be worth something someday.  Don't be fooled! Barack Obama coins will be nice keepsakes to have, but that's about it.

The United States mint and the Professional Numismatics Guild have warned consumers about the coins.  They should be thought of as keepsakes, and nothing more.  If this is your goal, then by all means, these coins offer sentimental value for the times we live in.  Investors should stay away.

If you plan on buying a lot of these as an investment, you'll probably be paying much more than they are worth now, and don't expect them to go up in value.  From a numismatic perspective the coins are worthless.

Unfortunately, many believe that these coins are going to be a good investment.  It's a shady marketing scheme which plays on the emotions of unwary consumers, that don't recognize the downfall of what they're buying.

So if you're thinking about buying a Barack Obama coin is an investment.  Think twice!

High Global Demand for Gold Coins

With the U.S. Stock and real estate markets losing value, people around the world have been investing in gold coins.  The demand for gold coins has been so much so, that even as the price for Spot gold has dropped government mints around the world have had trouble filling the high demand for orders.

Coin dealers are seeing so much demand that they're having to allocate who gets these gold coins.  This is occurring even as dealers are raising their premiums because of the high demand.  The safe haven of gold coins is not new though.  Gold has always been considered a safe investment in times of uncertainty and declines in other markets.  With a lagging economy and the US in recession, many feel that investing in gold coins keeps them safe from the fear of future inflation rising in the value of paper currencies dropping.

It's curious though.  Even as the commodities markets have recently fallen from their highs, demand and gold coins has actually increased.  Spot gold hit a high of 1000 US dollars in March of 2008 comment has fallen to the $700-$750 mark in November, 2008.  Meanwhile demand for gold coins such as the Canadian Maple leaf gold coin, or the Krugerand gold coin of South Africa has grown high.

"Bill Murphy, chairman of the Gold Anti-Trust Action Committee, says the price of spot gold is even more perplexing given the demand for coins and the fact that central banks in Europe have stopped selling gold into the open market.

"Gold should be moving up," Murphy says. "How could there be such a dichotomy between the historic high premium for coins all over the world and the low Comex price?"

Even with the high demand for gold coins, you'll still find plenty of gold coins for auction here at coinsmall.com.  Invest in gold coins now to insure yourself safety from future inflationary times.

American Eagle Gold Coins Sell Out After Buying Frenzy

Coinsmall found today's news on the popular American Eagle Gold Coin interesting.

"Reuters.com reports a buying spree in the popular American Eagle bullion coins appears to have depleted inventory of major North American coin dealers, contributing to supply fears and sharply higher gold prices on Thursday. Coin dealers in the United States and Canada said buying of gold coins and other bullion products has soared since last week as gold prices tumbled to near a nine-month bottom. Blanchard, one of the largest U.S. retail dealers of rare coins and precious metals, said the American Eagle and American Buffalo one-ounce gold coins -- novel items among collectors and investors -- are currently sold out."