US Mint Unveils 2010 First Spouse Gold Coin Designs

December 28th, 2008 admin Posted in Other Gold Bullion Coins No Comments »

The United States Mint today released the four new designs that will appear on the 2010 First Spouse Gold Coins. The coins will feature Abigail Fillmore, Jane Pierce, James Buchanan’s “Liberty” and Mary Todd Lincoln.

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The obverses (heads sides) of the Fillmore, Pierce and Lincoln First Spouse Gold Coins feature striking portraits of the first spouses. Inscriptions on the obverses of the three coins are the first spouse’s name, the date and order of her term as first spouse, the year of minting or issuance, and the inscriptions IN GOD WE TRUST and LIBERTY. Each coin’s reverse (tails side) bears a unique design featuring an image emblematic of that spouse’s life and work, with the inscriptions UNITED STATES OF AMERICA, E PLURIBUS UNUM, $10, 1/2 oz. and .9999 FINE GOLD.

The obverse design of the Abigail Fillmore First Spouse Gold Coin is by United States Mint Sculptor-Engraver Phebe Hemphill. The coin’s reverse, by United States Mint Artistic Infusion Program (AIP) Master Designer Susan Gamble, depicts Fillmore shelving books in the library that she established at the White House.

The obverse of the Jane Pierce First Spouse Gold Coin is by AIP Master Designer Donna Weaver. The reverse design, also by Weaver, depicts Pierce listening to debates while sitting in the visitor’s gallery of the Old Senate Chamber in the U.S. Capitol Building.

The obverse of the Mary Todd Lincoln First Spouse Gold Coin also was designed by Hemphill. The reverse, by AIP Master Designer Joel Iskowitz, depicts Lincoln giving flowers and books to wounded Union soldiers.

Because President James Buchanan did not have a spouse, the obverse of his corresponding First Spouse Gold Coin features a design emblematic of Liberty as it appeared on a U.S. coin issued during his time in office. The obverse of James Buchanan’s Liberty First Spouse Gold Coin is a reproduction of the Liberty Head Quarter Eagle design by Christian Gobrecht produced from 1840 through 1907. The reverse design, by AIP Associate Designer David Westwood, depicts President Buchanan as a young man working as a book-keeper in his family’s small country store in Pennsylvania.

The new designs also will be featured on 1-5/16? bronze medals to be issued in 2010 for $3.50 each.

By US Mint on Wednesday, December 23, 2009

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2010 Presidential $1 Coins Are Coming

December 28th, 2008 admin Posted in Other Gold Bullion Coins No Comments »

United States Mint Unveils Next Presidential Images that Consumers Will See on $1 Coins Next Year

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The United States Mint today unveiled the new designs for the Presidential $1 Coins that will enter into circulation next year. The 2010 coins will honor former Presidents Millard Fillmore, Franklin Pierce, James Buchanan and Abraham Lincoln.

“Each of the Presidential $1 Coins is a tribute to the men who made tremendous personal sacrifices to lead our country,” said United States Mint Director Ed Moy. “I hope this tribute continues to inspire a renewed sense of pride in our Nation’s rich history as we move into the fourth year of the Presidential $1 Coin Program.”

The obverses (heads side) of the Fillmore, Pierce, Buchanan and Lincoln Presidential $1 Coins feature bold portraits of the former Presidents. Inscriptions on the obverses are the President’s name, the dates or years of his term in office, a number indicating the order in which he served, and the inscription IN GOD WE TRUST. The obverse designs on the Millard Fillmore and Abraham Lincoln Presidential $1 Coins are by United States Mint Sculptor-Engraver Don Everhart; the obverse design on the Franklin Pierce Presidential $1 Coin is by United States Mint Artistic Infusion Program Master Designer Susan Gamble; and the obverse design for the James Buchanan Presidential $1 Coin is by United States Mint Sculptor-Engraver Phebe Hemphill.

The common reverse (tails side) design of the coins, also by Everhart, features a dramatic rendition of the Statue of Liberty. Inscriptions on the reverse are $1 and UNITED STATES OF AMERICA, with E PLURIBUS UNUM, 2010, the mint mark and 13 stars appearing on the edge of the coin.

The United States Mint will release the 2010 Presidential $1 Coins in approximately three-month intervals throughout the year. Please visit www.usmint.gov/catalog or call 1-800-USA-MINT (872-6468) for product pricing and availability.

The United States Mint, created by Congress in 1792, is the Nation’s sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

By US Mint on Tuesday, December 8, 2009

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Value of United States Gold Coins

December 31st, 2007 admin Posted in Other Gold Bullion Coins No Comments »

When the U.S. Mint was formed by an act of Congress in 1792, the coins it was authorized to mint were backed by silver and gold. In 1792, the Dollar was fixed by law to contain 37.14 grains of silver, and was equal to 24.75 grains or 0.05156 troy ounces of gold. Gold was legally defined to be 15 more times valuable as silver.

The first gold coins were minted in 1795 - the eagle, which contained $10 worth of gold and had a $10 face value, the half-eagle, $5 and $5, and the quarter-eagle, $2.50 and $2.50. Because gold in its pure form is a soft metal, these coins were produced from gold that also contained an alloy of silver and copper to make them more wear-resistant. These coins were therefore ".91670 fine," or 22 karat gold.

In 1849, with the rush of gold from San Francisco, the gold dollar and the double eagle was introduced, with a face value of $20 and gold value of $20. The U.S. Mint continued to produce gold coins until 1933, when the nation went off the gold standard, and private ownership of gold was made illegal, except for numismatic purposes. Most collectors, afraid of the ruling, turned in their gold even though it was legal for them to keep it. However, enough collectors did not, and there were plenty of gold coins in banks overseas, to assist the modern-day collector.

These de-monetized coins are highly sought after by collectors, who pay a premium for the rarity of the coin, on top of the value of the gold it contains. While the value of the dollar fluctuates against other currencies and can go up or down, the value of gold has always gone up, and will continue to go up, which is why investors have been purchasing gold since the dawn of time.

As of the time of this writing, gold is selling for $750 per ounce and is confidently expected to go over $1,000 per ounce. Sixty percent of those people investing in gold are doing it in the form of gold coins, in particular the American Eagle, Gold Buffalo and First Spouse coins.

The American Eagle comes in a variety of weights. The 2008 one ounce proof sold by the US Mint is selling for $2,000. Of the 24-karat coins, the 2008 one-half ounce Elizabeth Monroe proof is selling for $620 and the $50, one-ounce Gold Buffalo is selling for a little over a thousand dollars. The 2007 Gold Buffalo is already sold out.

But what about the classic gold coins of yore? Because of their rarity, many Gold Eagles and Double Eagles have commanded enormous prices when recently sold at auction. The 1933 Double Eagle sold in 2004, the only one in the world that is legal tender, sold for $7,590,020 (the last $20 was the cost because it had been made legal tender.)

The 1787 Brasher Doubloon was sold a few years ago by Heritage Auctions for $2,990,000. The 1927-D Double Eagle, even rarer than the 1933 version, sold for $1,897,000. The finest known 1920-S Eagle sold in March, 2007 for $1,725,000, and the 1796 No Stars Quarter Eagle was sold in 2005 for $1,380,000.

Gold and especially gold coins have been and continue to be a sound investment in today's troubling economic times. While paper money may become worthless because there is little to no inherent value in paper, gold will always have value as a commodity.

Article Source: http://www.ArticleBlast.com

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