Why I Like 20 franc gold coins

Collectors And Coin Dealers Article Of The Day

American Eagle Silver Dollar Coins - The Reasoning Behind the Rationing

By Christina Goldman

American Eagle silver dollars collectors are angry. And with good reason. In March, the U.S. Mint suddenly stopped taking orders for the silver bullion coins. And in late May, it imposed purchasing limits on its 13 world-wide authorized buyers.

The U.S. Mint has limited silver purchases before, in the late 1990's. Investors loaded up on the precious metal, fearing that the economy would be crippled by the computers' inability to adjust to the new millennium. The U.S. Mint has explained the rationing as a necessary decision, due to the unprecedented demand for the American Silver Eagles.

In 2008, The U.S. Mint sold 6.8 million American Eagle Silver Coins. That is twice the amount that was sold in 2007. In March alone, sales of the Silver Eagles surged to 1.85 million, nine times the amount sold in February! Clearly, the U.S. Mint has misjudged the strength of the silver bull market and the demand for the American Eagle Silver Dollar coins.

But what has caused this unprecedented demand for these silver bullion coins? Here are a few possible reasons:

The price of silver is soaring. On January 3rd, 2000, the first trading day of the new millennium, the spot price of silver traded at $5.41. Recently, the spot price of silver has traded as high as $20 an ounce, a 386 percent return on investment!
Traditionally, more silver is mined each year than gold. Therefore, silver is much cheaper and more affordable for individual collectors to purchase than gold.
The American Eagle Silver coin is the only American silver coin that can be invested in an IRA. Thus, buying Silver Eagles are an easy way for a small investor to participate in the silver bull market.

But, is this increased demand the only reason for the rationing of these Silver Eagle Coins?

Rumor has it that the U.S. Mint has run out of the planchets used to create the coins. A planchet, or blank as they are sometimes referred to, is a round metal disk that is ready to be struck into coins. These planchets are also used to create coins other than the American Silver Eagles, and the companies that produce the planchets are busy, limiting the supply received by the U.S. Mint.

The Silver Institute, a nonprofit international industry association headquartered in Washington, D.C., has written a letter to the Director of the U.S. Mint, urging it to take immediate steps to increase production of the popular Silver Eagles. With silver bullion on the rise, the Silver Institute has asked the U.S. Mint to consider alternative methods for streamlining the production process of the American Eagle Silver Dollar coin.

About The Author

In the meantime, silver investors can scour flea markets, coin shops, and estate sales for silver eagles. Or they can visit http://bullionbargains.com for a great selection of American Eagle Silver Dollar coins for sale at fantastic prices.

More Gold & Silver Coins News

Central banks and the International Monetary Fund play an important role in the gold price. At the end of 2004 central banks and official organizations held 19 percent of all above-ground gold as official gold reserves. The Washington Agreement on Gold (WAG), which dates from September 1999, limits gold sales by its members (Europe, United States, Japan, Australia, Bank for International Settlements and the International Monetary Fund) to less than 400 tonnes a year. European central banks, such as the Bank of England and Swiss National Bank, have been key sellers of gold over this period.
Buy discount gold bullion coins in our store.

Make sure to store your coins in a very safe place. You've worked so hard to own your diversified collection of gold coins. The last thing you want to happen is lose your collection due to fire, theft, or some other unforeseen issue. Make sure to store your coins in a very safe place so you can sleep sound at night knowing your assets are protected. I highly recommend a safe deposit box at your local bank. Also, there are third party safe houses that specialize in storing gold and precious metals. Taking the diversification theme to the next level, why not spread your collection (once it gets big enough to warrant doing so) among multiple safe deposit boxes and locations. You'll sleep better and night knowing your collection is safe and sound through a diversified storage strategy!
Buy silver dollars for a great investment.

Old gold coins should never be cleaned. But it's not just excited treasure hunters that make this mistake. Even archaeologists working with ancient coins come under fire for the practice of restoring ancient coins, although in their case it may be necessary in order to see the coin well enough to properly date and categorize it. Those coins will not end up in most collections. But then again, archaeologists are not trying to preserve numismatic value.
Buy rare silver dollars for a great investment.

More 20 franc gold coins Information

Gold and Silver Rally Ahead

Fri, 14 Nov 2008 21:18:43 +0000
Precious metals rallied with joy Friday despite a strong U.S. dollar and falling oil prices. New York silver, gold and platinum futures surged 7.8 percent, 5.3 percent and 3.9 percent respectively.
December crude-oil lost more than half of Thursday’s gain, falling $1.30, or 2.2 percent, to close to $57.05 a barrel. According to ...]

2. What two men were honored with 1983 commemorative 5 marks of West Germany?


value of old silver dollars
50 dollar gold coins
rare silver dollars

The Best Information on morgan silver dollars prices

Collectors Article Of The Week

Brief Numismatists News

As a general rule, the more common a gold coin is, and the lower grade the coin is, the higher the profit margin (expressed as a percentage of the selling price) for the dealer must be. The reason for this is that low-grade, common coins are harder to sell. Another reason for this difference is dollar value. If a dealer buys a common date, heavily circulated 1940 Wheat Cent from you, he might pay you 2 cents for the coin and sell it for 5 cents, making a greater than 100% profit (but still only 3 cents!) But if he buys a key date, heavily circulated coin, such as a 1931-S Wheat Cent in Good (G-4 grade), he might be able to pay you $50 for it, even though he will make only a 20% profit when he sells it for $60. The difference here is that the 1931-S is likely to sell much faster than the 1940 Cent, plus the dollar value involved in measurable.
Buy gold coins.

The Gold American Eagle gold coins are made from government guaranteed gold. First introduced in 1986, U.S. Gold Eagles are the #1 gold bullion coin choice among investors across the world. After careful consideration, the United States mint decided to copy the design of the $20 Saint-Gaudens gold coin for the obverse of its new Gold Eagle. The $20 Saint-Gaudens was commissioned by Theodore Roosevelt to create coins of awe like the ancient Greek and Roman coins. The date, situated to the viewer's right of Miss Liberty, appears in Roman Numerals in the years from 1986-91 it has appeared in Arabic Numerals ever since.
Buy chinese gold coins in our store.

Cherrypicking is the art of searching through coins, looking for the specimens that have been overlooked for some reason. When searching through rolls of coins that you from your local bank, you might be cherrypicking for die varieties or older dates (such as looking for Wheat Pennies among the circulating Lincoln Memorial Cents out there today.)
Buy gold coins.

1898 gold coins 5 grams News

Northwest Territorial Mint Settles with Washington State Attorney General

Fri, 19 Sep 2008 12:41:17 +0000
Auburn, Washington, September 19, 2008 — Northwest Territorial Mint today announced it has reached a settlement with the office of the Washington State Attorney General with regard to a lawsuit brought earlier this year.
“We are happy to announce that we have settled with the Attorney General after the state had made numerous allegations, many of ...]

Will Some Hawaii Coins be Valuable?

Sat, 08 Nov 2008 13:52:41 +0000
New Quarter-Dollars Brought Uncle Sam Billions – 25 Cents at a Time
The Hawaii state commemorative quarter-dollars that go into circulation starting November 10 may provide the public with yet another opportunity to find a mini fortune in their pocket change. They also end a resoundingly successful ten-year program that helped reduce the federal budget ...]

mexican silver dollars | american silver dollars value | liberty silver dollars