ACNS Blog
The official blog of the Atlantic County Numismatic Society.
Welcome to the ACNS!
This is the blog of the Atlantic County Numismatic Society, the coin club of record for Atlantic County, New Jersey. ACNS is affiliated with the American Numismatic Association (ANA) and the Garden State Numismatic Association (GSNA).
The ACNS meets on the first Wednesday of each month at the Linwood Library. Meetings start at 7:00pm with an auction at 8:00pm. We look forward to seeing you there.
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PHILADELPHIA – United States Mint Director Edmund C. Moy was on hand at the Philadelphia Mint for a ribbon cutting to commemorate the public release of the 2009 Ultra High Relief (UHR) Double Eagle gold coin. About 40 people were in attendance including several members of the Mint’s executive staff from Washington.
Director Moy opened the exhibit to the public which consisted of three display cases similar to those seen in the Mint booth at the ANA show in Baltimore this July. The first two display cases contained test UHR strikes at various tonnages, two plaster sculptures of the obverse and reverse of the UHR design:
A post on the Mint News Blog provides collectors with the price for the 2009 Ultra High Relief Gold Double Eagle.
The new pricing methodology is based primarily on the London Fix weekly average (average of the London Fix prices covering the previous Thursday a.m. Fix through the Wednesday a.m. Fix) platinum and gold prices, which reflect the market value of the platinum and gold bullion that these products contain.
As required by law, the prices of these products also must be sufficient to recover all other costs incurred by the United States Mint, such as the cost of minting, marketing, and distributing such products (including labor, materials, dies, use of machinery, and promotional and overhead expenses).
This pricing methodology will allow the United States Mint to change the prices of these products as often as weekly so they better reflect the costs of platinum and gold on the open markets.
Provided the average price of gold remains between $850 and $899.99, the price of the coin will be $1,239.00.
Minting of Presidential $1 Coins have hit a new low, according to the latest production figures by the United States Mint.
The series, which started in 2007 with over 340,000 George Washington Presidential coins, has experienced a production decline with each succeeding $1 release, with the exception of the Jackson dollar.
Van Buren production is down by more than one-third compared to Washington dollar figures, as the following table reveals.
Tip: CoinNews.net
The United States Mint announced on Monday that it will discontinue more than 300 coin and medal products in 2009, to include several bullion coins, and it will conduct a “Last Chance Sale” to clear out out inventory in preparation for its move to a new fulfillment center.
“We are responding to the collector community which has spoken loudly and clearly,” said United States Mint Director Ed Moy. “Customers have told us there are just too many products. We agree, and it’s time the United States Mint trims down and concentrates on the products our customers love most.”
The Mint adds that the “Last Chance Sale” will be a limited-time, first come, first serve offer, available online and by phone and without household order limits in place. Sales will include discontinued products that will “never be available again from the United States Mint.”
The sale will begin Saturday, November 15 at 12:01 a.m. (ET) and end at 5 p.m. on December 19. Phone orders may be placed seven days a week from 8 a.m. to midnight via 1-800-USA-MINT (872-6468).
A complete list of the discontinued and last chance Mint products is after the jump…
The one cent coin is getting a redesign to commemorate Abraham Lincoln’s 200th birthday and the 100th anniversary of the Lincoln cent in 1909. The U.S. Mint announced the final designs for the reverse of the venerable one cent piece (often incorrectly called the “penny”) on 22 September 2008.
Authorized by Public Law 109-145, the four new designs celebrate the bicentennial of President Abraham Lincoln’s birth, as well as the 100th anniversary of the production of the Lincoln cent (penny). The new designs will be issued in approximately three-month intervals throughout the year. The first redesigned penny, which will honor Lincoln’s birth and early childhood, will be put into circulation on February 12, 2009.
Four reverse designs will be released to celebrate the great statesman and U.S. President “Honest Abe” Lincoln. The Lincoln cent’s centennial is also tribute to the coin itself – the most collected coin in the world.
The four designs to be featured on the reverse of the Lincoln pennies represent four major aspects of President Lincoln’s life: his birth and childhood in Kentucky, his formative years in Indiana, his professional life in Illinois and his Presidency in Washington, D.C. The inscriptions on the reverse of the coins will be “United States of America,” “E Pluribus Unum” and “One Cent.”
The obverse (heads side) of the one-cent coins will continue to bear Victor David Brenner’s likeness of President Lincoln, introduced in 1909, and the motto “In God We Trust.” At the end of the 2009 Lincoln Bicentennial One Cent Coin Program, the reverse of the penny will feature a design emblematic of President Lincoln’s preservation of the United States of America as a single and united country.
A Lincoln commemorative silver dollar, authorized by Public Law 109-285, also will be released in 2009.
WASHINGTON - The United States Mint has chosen four pilot cities to test new efforts to encourage regular use of the $1 Coin. A series of events at popular attractions and retailers, as well as television, radio, newspaper and online communications, seeks to make residents of Austin, Texas; Grand Rapids, Michigan; Portland, Oregon; and Charlotte, North Carolina, aware of the benefits of regularly using the $1 Coin. The campaign begins this month.
“This is the first program of its kind to inspire shoppers, diners and commuters to use $1 Coins in their normal, everyday activities,” said United States Mint Director Ed Moy. “When each of us spends the $1 Coin, we make a difference for our country, because the $1 Coin is durable and using it saves the Nation money. We hope our pilot cities lead the change!”
The $1 Coin lasts for decades and is 100 percent recyclable, so using it can save the country billions of dollars over the years.
The U.S. Mint has expanded their Circulating $1 Coin Direct Ship Program. This program makes it easy for retailers, financial institutions, and other interested parties to obtain smaller quantities of $1 coins than can otherwise be obtained from the Federal Reserve.
The $1 Coin Direct Ship Program provides individualized service to the financial community and other interested parties who wish to acquire $1 coins at face value in smaller quantities than currently available to financial institutions.
The circulating Presidential $1 Coins will be available in 25-coin rolls packaged in quantities of 10 rolls per box, priced at $250 face value. The coins will not be separated by mint mark. Customers may order up to 500 $1 coins (two boxes) within any given Presidential $1 Coin issuance period.
Originally started on 11 June 2008 the program was limited to John Quincy Adams dollar coins which quickly sold out.
On 21 August 2008 the program was expanded to include Presidential dollar coins for:
- George Washington
- John Adams
- Thomas Jefferson
- James Madison
- James Monroe
- John Quincy Adams
- Andrew Jackson
All are now sold out with the exception of Andrew Jackson who’s dollars coins are still available at face value. Get them while you can folks!
The United States Mint has chosen the nation’s largest coin show in Baltimore, Md., this summer to unveil the much-anticipated 2009 Ultra High Relief Double Eagle gold coin-a modern version of what many call the most beautiful gold piece ever created. United States Mint Director Ed Moy will participate in the Opening Ceremony of the American Numismatic Association’s World’s Fair of Money on Wednesday, July 30, 2008, at 9:30 a.m. and then officially open the United States Mint exhibit. The display at the United States Mint booth will show the development of this modern masterpiece-a one-ounce 24-karat (.9999 pure) gold Ultra High Relief Double Eagle.
Aided by advancements in technology, the United States Mint now can produce in quantity the ultra high relief coin envisioned, but never fully realized, by renowned sculptor Augustus Saint-Gaudens in the early 20th century. The collectible coin will be about 50 percent thicker than other United States Mint one-ounce gold coins to achieve the greater depth and relief to which Saint-Gaudens aspired. Visitors will be able to feel the ultra high relief on a plaster of the coin that will be featured at the exhibit.
The World’s Fair of Money runs from July 30 - August 3, 2008 at the Baltimore Convention Center, One West Pratt Street - Baltimore, Maryland - 21201. Phone: 410-649-7000.
Read the rest of the press release at the U.S. Mint web site.
Coin legislation entitled NASA 50th Anniversary Commemorative Coin Act (S. 2159) should receive the President’s signature in short order.
The Senate unanimously passed the act on Thursday, June 19, which follows unanimous passage by the House for the same named bill on July 30, 2007.
The legislation authorizes the United States Mint to issue:
- 300,000 silver $1 dollar coins from each of 9 designs, and
- 50,000 $50 one-ounce gold coins
The NASA commemoratives would be minted in “proof quality only.” The proposed nine various designs for the silver coins add an extra level of intrigue to these commemoratives that is sure to peak interest.
Source: CoinNews.net
The United States Mint announced a new program to ship circulating Presidential $1 Coins directly to retail establishments, financial institutions, and members of the public.
The $1 Coin Direct Ship Program provides individualized service to the financial community and other interested parties who wish to acquire $1 coins at face value in smaller quantities than currently available to financial institutions.
The circulating Presidential $1 Coins will be available in 25-coin rolls packaged in quantities of 10 rolls per box, priced at $250 face value. The coins will not be separated by mint mark. Customers may order up to 500 $1 coins (two boxes) within any given Presidential $1 Coin issuance period.
The United States Mint will pay shipping and handling fees on orders delivered via standard shipping methods.
- The United States Mint pays for standard shipping and handling of domestic orders. Any special handling will be paid by the customer.
- Orders are limited to two boxes ($500) per President.
- Specific coins are available only while supplies last.
- Please allow approximately 1-2 weeks for shipping.
- All sales are final.
Presidential dollar coins released to date:
John Quincy Adams dollars are currently sold out.
Read the rest of the press release at the U.S. Mint Web site.
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