New U.S.A. bullion?
 

Wasn't there supposed to be a newer version of purer gold coin available from U.S. mint?

I did a quick search and couldn't find anything.

Re: New U.S.A. bullion?
 

The first strikes for 06 are out and people are selling them on ebay and home shopping places and they appear to be the same as the old ones. I looked at the us mint website and it says that there is a meeting tomorrow to pick a design for 24 kt. Eagle so I think they may be coming out in 07.

Re: New U.S.A. bullion?
 

1234567890

Re: New U.S.A. bullion?
 

Congress just passed the bill that included the new 24kt coin. First strike should be out in 6 months. Should have the bison on the reverse and I hear an indian head on the obverse but I haven't seen that in writing.

Re: New U.S.A. bullion?
 

Sorry SirSilver didn't see you posted the info.

Re: New U.S.A. bullion?
 

This is the last information I have seen.....

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Publication:Coin World; </TD><TD noWrap>Date:<SCRIPT xmlns:ms="urn:schemas-microsoft-com:xslt"> var d = new Date("12/12/2005"); document.write(d.toLocaleString().replace(/([0-9])*[0-9][:,-][0-9][0-9]([:,-][0-9][0-9])*( AM| PM)*/gi,"")); </SCRIPT> Monday, December 12, 2005 ; </TD><TD noWrap>Section:Page 2 News; </TD><TD noWrap>Page:4</TD><TD width="100%"></TD><TD noWrap></TD></TR></TBODY></TABLE>

New bullion coin program on hold

Mint awaits legislative action on .9999 fine gold coins

By Paul Gilkes COIN WORLD Staff

United States Mint officials will have to wait until the Senate and House of Representatives resolve the differences between separate legislation each body has passed before the Mint seeks the review and approval of proposed designs for .9999 fine gold bullion coins scheduled for introduction in 2006.

The Mint�s quarterly report to Congress outlining Mint operations for the fourth quarter of Fiscal Year 2005, which ended Sept. 30, notes that the Mint�s sculptorengravers and Artistic Infusion Program artists submitted proposed designs for the contemplated .9999 fine gold coins in September. The Mint has been tentatively considering a 2006 introduction date.

"The United States Mint is moving on a dual track for the 24K program, monitoring legislation being considered in Congress for 24K coins and ensuring that we are ready for any outcome," Becky Bailey, the Mint�s director of the Office of Public Affairs, said Nov. 21.

U.S. Mint officials had been reluctant to make any announcements about the proposed designs until the Senate acted on a version of the Presidential $1 Coin Act of 2005 that includes a provision for a 1-ounce .9999 fine gold bullion coin bearing specific designs.

The Senate approved the measure Nov. 18 (see cover article for more details).

The approved Senate bill calls for the 1-ounce coins issued the first year to bear sculptor James Earle Fraser�s original obverse and reverse designs for the 1913 Indian Head 5-cent coin, including what collectors call the Bison on Mound reverse subtype or Type I reverse. The mintage of the coinage would be left to the discretion of the Treasury secretary.

Designs for future .9999 fine gold releases and the mintages could be changed at the discretion of the Treasury secretary.

The House has approved its own version of the legislation, with the primary difference between the two versions being the Buffalo gold bullion coin.

The House version, approved April 27, lacks any provision for the gold bullion coin.

The Treasury secretary has had discretion to issue a .9999 fine (24-karat) gold bullion coin exclusive of the American Eagle .9167 fine (22-karat) gold bullion coins since 1996 under Senate Amendment 5273, a provision included in the 1997 Treasury, Postal Service and General Government Appropriations Act.

The idea for the .9999 fine gold coin had been pitched in 1993 to Treasury Secretary Lloyd Bentsen by Mint Director David J. Ryder, but the measure required congressional approval.

The proposal gained a further push under Philip N. Diehl, executive deputy Mint director under Ryder, who succeeded Ryder as Mint director.

Diehl previously served on Bentsen�s senatorial staff. Bentsen left as Treasury secretary in 1994, replaced by Robert E. Rubin, who was in office when Senate Amendment 5273 went into effect.

Mint officials have disclosed neither the number of proposed designs the Mint�s engravers or AIP artists have submitted for the .9999 coins nor their themes. Mint officials also have not released whether the weights and denominations of the .9999 fine gold coins will be the same as the American Eagles � 1-ounce ($50 face value), half-ounce ($25 face value), quarterounce ($10 face value), and tenth-ounce ($5 face value) � or something completely different.

The bill passed by the Senate requires the 1-ounce coin to have a $50 denomination. That�s a departure from the original version of the legislation, which sought a $20 denomination for the 1-ounce coin.

Re: New U.S.A. bullion?
 

err...umm...nevermind.
You guys are fast. I am suprised as Coin World is usually right on top of those matters. Maybe the next edition, it may come out tomorrow.

Prag:bawling:

Re: New U.S.A. bullion?
 

My coin dealer said the same time frame of around June. Also said the coins will come in their own capsules, I guess like the proofs.

And of course they'll probably have quite the premiums attached to them.

MT Silver

Re: New U.S.A. bullion?
 

1234567890

Re: New U.S.A. bullion?
 

I don't think so. The Eagles are very popular, and I think there's a market out there for both 22K and 24K gold bullion. It may ultimately depend upon sales, though, as the US Mint is seeking to make a profit (and rightfully so!) As for me, I don't want to pay a hefty premium for 24K bullion if I can get 22K cheaper. Larger premium = less gold in my hands, which isn't a good thing, IMO. If they're the same price, I would choose the 24K, thank you. :smile:

The new design sounds stellar.

Re: New U.S.A. bullion?
 

1234567890

Re: New U.S.A. bullion?
 

Thank you for the kind words:redface:

As far as the Eagles, my .02. I think they may become a bullion option similar to Krugs for those looking primarily for bullion and value. I expect the premium to drop and make them more attractive (financially speaking). Personally I think they are a great looking coin. But there are those in the world who only invest in .9999. I think it will depend on the quality of the new coin and if anyone besides Americans will be interested in the bison. With the way gold prices are rising I may not even be able to afford one of the 24kt coins but hope to add at least one to my collection. I would be happy buying 22kt Eagles since I think they are a great design and they still have a full oz of Au:D .

Re: New U.S.A. bullion?
 

I get no satisfaction from eagles lest its an older one and unpackaged.

Krugs are ok cause most have that older feel.

None of them shine like the maple and has been my choice for gold or silver for a while now.

thanks for the reponses and hopefully these new ones will be pretty, but not too expensive.

Especially since they won't be out until June and gold could be $750 an oz. by then.

Ps. This burpy server is really giving me ojida.

Re: New U.S.A. bullion?
 

New Coin World article on U.S. 24K .999 coins. A sneek peek. :cheerful:

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Publication:Coin World; </TD><TD noWrap>Date:<SCRIPT xmlns:ms="urn:schemas-microsoft-com:xslt"> var d = new Date("02/06/2006"); document.write(d.toLocaleString().replace(/([0-9])*[0-9][:,-][0-9][0-9]([:,-][0-9][0-9])*( AM| PM)*/gi,"")); </SCRIPT> Monday, February 06, 2006 ; </TD><TD noWrap>Section:Show Calendar; </TD><TD noWrap>Page:106</TD><TD width="100%"></TD><TD noWrap></TD></TR></TBODY></TABLE>

Panel members advise on legends placement

Fraser designs set for .9999 bullion

By Paul Gilkes COIN WORLD Staff

Members of the Commission of Fine Arts Jan. 19 reviewed nine designs for the obverse and reverse of a 2006 .9999 fine gold $50 bullion coin, mandated for release by mid-year.

Provisions within the Presidential $1 Coin Act of 2005 (Public Law 109-145) require the Treasury secretary to authorize the U.S. Mint to produce 24-karat (.9999 fine) gold $50 1-ounce Uncirculated bullion and Proof collector coins, bearing the designs of the 1913 Indian Head, Bison on Mound 5-cent coin, designed by sculptor James Earle Fraser.

Members of the Commission of Fine Arts reviewed five obverse and four reverse proposed designs Jan. 19 that emulate Fraser�s designs, including all original inscriptions, with the exception of the denomination FIVE CENTS. The enabling legislation for the 2006 Buffalo .9999 fine gold $50 coins requires the inscriptions for the weight of the coin and the face value be incused on the grassy mound on the reverse. The act also requires the coin to bear any other inscriptions as the Treasury secretary deems appropriate.

Acting Mint Director David A. Lebryk, in a Jan. 6 letter to CFA Chairman Earl A. Powell III, states the Mint interpreted the latter authority to include two additional inscriptions � IN GOD WE TRUST, which does not appear on the Indian Head 5-cent coin, and .9999 FINE GOLD.

"Because the act mandates the Fraser design, we ask that the CFA comment on the most aesthetic placement of these two inscriptions, as well as the rendition of the inscriptions that must be incused on the �grassy mound,�" Lebryk writes in his letter to Powell.

The date and Fraser�s designer initial F appear in the same position as they did on the original 5-cent coin � in the Indian�s right shoulder. Both the date and the designer�s initial will be incuse, while on the original, only the designer�s initial was incuse.

On the first of the five proposed obverse designs, LIBERTY is inscribed in the same position as the original, along the border in front of the Indian�s forehead, with IN GOD WE TRUST added in a single line along the lower right border.

The second obverse is the same as the first, except the motto is moved in two lines, IN GOD / WE TRUST, to below the Indian�s chin.

The third obverse positions IN GOD / WE TRUST to the field behind the Indian�s neck, below the larger of the two feathers.

The fourth proposed obverse has LIBERTY and IN GOD WE TRUST curving in one line along the right border in front of the Indian�s portrait, with the inscriptions separated by a dot.

The fifth and final obverse mimics the original, with LIBERTY in front of the Indian�s forehead, but without IN GOD WE TRUST. Commission members recommended the obverse version without the motto.

The first reverse depicts the original design of a bison on mound facing left, with UNITED STATES OF AMERICA inscribed above with each word separated by a dot. E / PLURIBUS / UNUM appears in three lines in the field above the bison�s lower back. New to the design is the motto IN GOD / WE TRUST, appearing in two lines in the field below the bison�s beard. Inscribed incuse in the grass mound is $50 above a curving 1 OZ. .9999 FINE GOLD. The CFA recommended this design.

The second reverse is the same as the first, except without IN GOD / WE TRUST.

The third design also lacks the motto IN GOD WE TRUST, and the weight, gold fineness and denomination are in different positions than on the first two designs. The denomination $50 has been enlarged considerably and centered along the bottom border on the mound, in line with the bison�s front left hoof, with 1 OZ. up and to the right, just below the bison�s left rear hoof. The composition legend, .9999 / FINE GOLD, appears in two lines in the field just below the bison�s head.

The fourth proposed reverse has the denomination spelled out as 50 DOLLARS in large, capital letters just below the top of the mound, with 1 OZ. inscribed below. It lacks the motto IN GOD WE TRUST.

Mint officials indicate it is likely one or more of the reverse inscriptions, depending on final placement, will be incuse.

Members of the Citizens Coinage Advisory Committee were scheduled to review the same obverse designs at that group�s Jan. 24 session.

***CLICK LINK FOR IMAGE*** :captain:

<SUP>CW </SUP>
http://online.amospublishing.com/Rep.../Pc1060200.jpg
PANEL MEMBERS reviewed five obverse and four reverse designs for the new .9999 fine gold bullion coin. Their recommendation for each side is indicated by a check mark ( ).

Re: New U.S.A. bullion?
 

Pretty good write up on the latest coin legislation details.

http://prudentinvestor.blogspot.com/...l-mint-24.html

Re: New U.S.A. bullion?
 

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Publication:Coin World; </TD><TD noWrap>Date:<SCRIPT xmlns:ms="urn:schemas-microsoft-com:xslt"> var d = new Date("03/27/2006"); document.write(d.toLocaleString().replace(/([0-9])*[0-9][:,-][0-9][0-9]([:,-][0-9][0-9])*( AM| PM)*/gi,"")); </SCRIPT> Monday, March 27, 2006 ; </TD><TD noWrap>Section:Front Page; </TD><TD noWrap>Page:1</TD><TD width="100%"></TD><TD noWrap></TD></TR></TBODY></TABLE>

Buffalo gold may have three finishes
Proof, Uncirculated and bullion versions may be available
By Paul Gilkes COIN WORLD Staff

The U.S. Mint is seeking input from its customers about their interest in the First Spouse and Buffalo .9999 fine gold coins and American Eagle .9995 platinum coins.

The coins will be sold at price levels determined by metals prices.

Possible pricing levels contained in an online survey by the Mint of its customers offer the first hint at what the Mint may charge for the products. The sur- vey also suggests the Mint may issue the Buffalo .9999 fine gold coins with three different surface finishes.

The information about an online survey was posted by a collector on the U.S. Coin Forum of the Collectors Universe Message Boards.

Mint officials confirmed the existence of a survey but provided no other details. Coin World asked Mint officials a lengthy list of questions pertaining to the survey, how it is being conducted and to whom it was directed, along with the Mint products listed in the survey, but officials provided no answers before the March 13 deadlines for this issue of Coin World.

The 2006 Buffalo and 2007 First Spouse .9999 fine gold coins are being produced under the provisions of the Presidential Coin Act of 2005. The act also authorized circulating Presidential dollars, to be issued four per year beginning in 2007, and four 2009 Lincoln Bicentennial cents.

The Buffalo .9999 fine gold coin will be a $50 face value, 1-ounce coin mandated to carry sculptor James Earle Fraser�s obverse and reverse designs for the 1913 Indian Head, Bison on Mound 5-cent coin. It must be issued by mid-2006 under provisions in the authorizing legislation.

The First Spouse coins, honoring the presidential spouses, will be half-ounce .9999 gold coins with a $10 face value. The First Spouse coins will have the same 26.5-millimeter diameter as the Presidential dollars, with which they will be offered to Mint customers concurrently.

The survey information provided by the collector to the U.S. Coin Forum suggests that the Mint is planning to issue Buffalo gold coins in Proof, Uncirculated and bullion versions. Based on a gold price of $550 per ounce, the Proof version many be sold at an estimated price of $800 to $825 per coin; the Uncirculated version may be priced at $680 to $705 per coin; and the bullion version might be priced at $570 to $580 per coin. The bullion version will be available only through the Mint�s authorized purchasers of American Eagle bullion coins at a premium over its bullion value, with each distributor setting its retail price.

The Mint�s Proof issues of precious metals coins are sold at fixed prices well above the intrinsic value of the precious metal each coin contains.

The Mint�s reference to "Uncirculated" and "bullion" issues for the Buffalo gold coins is likely to cause some confusion among collectors until the Mint releases additional information about the differences between the two finishes. Non-Proof American Eagles � those coins sold daily according to fluctuating metals prices � have long been referred to as Uncirculated. However, the 2005 American Eagles, at least the silver 1-ounce coins, carry the same Satin Finish that was used on the coins in the 2005 Uncirculated Mint set and will be carried over to the 2006 Uncirculated Mint set and beyond.

The Mint�s suggestions that the "Uncirculated" and "bullion" versions of the Buffalo gold coins will bear different finishes raises questions as to what the two finishes actually are and how they will differ, if at all, from what the Mint has produced in the past. It may also present a challenge to the commercial grading services when they devise designations for certifying such coins.

The Mint�s survey also noted the Mint plans to offer the First Spouse coins in Proof and bullion versions. The Mint survey suggests a price of $385 to $400 per coin based on a spot price of $550 an ounce for the gold. The price range suggested for the bullion version is $310 to $320 per coin.

The First Spouse bullion issues will be made available for sale to the authorized purchasers.

The Mint�s survey reportedly also asked about customer interest in American Eagle platinum bullion coins, but only included an estimated price of $1,500 for the Proof 1-ounce coin. The survey reportedly asked no questions about the half-ounce, quarterounce and tenth-ounce versions. CW
http://online.amospublishing.com/Rep.../Pc0010700.jpg
ARTISTS� SKETCHES show what the Buffalo .9999 fine gold bullion coins may look like when released in mid-2006. The authorizing legislation requires the use of James Earle Fraser�s designs for the 1913 Indian Head, Bison on Mound 5-cent coin.

Re: New U.S.A. bullion?
 

24 kt. is USA answer for competition to the Maple Leaf/Austrailian Nugget/Panda.

Should increase sales and interest in bullion & coins.

I like the Gold-Eagle. I do not like the way the 24 kt. coins scratch so easily.

Especially the Maple Leaf IN their mint storage tubes.

Re: New U.S.A. bullion?
 

I will believe it when I am holding one in my hand.Depending on what you perceive our government is-this will be a test of things to come.Will this administration prepare citizens for hyper-inflation and dollar decline by giving their "approval" of gold bullion? (Fed reserve and bankers hate gold ownership in the hands of citizens) and "promote" gold ownership-thus discouraging traditional controllable forms of paper investment? Seems to me they are stuck between a rock.Lets see how this plays out-I suspect they will not be minted but if so in such small quantities it would only satisfy collectors and incapable of "harming" US govt paper investments.

Re: New U.S.A. bullion?
 

The skeptic in me thinks that it's all just a game by the US PTB to "deep store" as much gold and silver as possible (without giving away the game) in the hands of the populace, until they need to take it back.

The positive in me hopes that this is truly a play by those few (or many?) in high places who really think the whole US corporate mess stinks to high heaven, and who are trying as best they can "under the radar" to protect us from what is coming by keeping LAWFUL MONEY flowing to the people, 24k or not.

That said, I'm looking forward to seeing the coins.

Ragnarok

Re: New U.S.A. bullion?
 

I just ordered the 1st Capital Reserve gold & silver coins offered in the NRA add. The salesman tried to talk me into other very expensive proof certified coins. I declined. However, he told me about the new Buffalo gold coin coming out this summer and tried to get a bite out of me. When he mentioned the price, I also declined that offer. He finally gave up and said my coins would be in the mail sometime in the next 15 days.

Re: New U.S.A. bullion?
 

I think I read something about it at usmint.gov

Re: New U.S.A. bullion?
 

UPDATE: This could move these companies stocks. IMO.

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Publication:Coin World; </TD><TD noWrap>Date:<SCRIPT xmlns:ms="urn:schemas-microsoft-com:xslt"> var d = new Date("05/15/2006"); document.write(d.toLocaleString().replace(/([0-9])*[0-9][:,-][0-9][0-9]([:,-][0-9][0-9])*( AM| PM)*/gi,"")); </SCRIPT> Monday, May 15, 2006 ; </TD><TD noWrap>Section:Beginner's Workshop; </TD><TD noWrap>Page:24</TD><TD width="100%"></TD><TD noWrap></TD></TR></TBODY></TABLE>

Three vendors to provide .9999 gold blanks to Mint

By Paul Gilkes COIN WORLD Staff

The United States Mint will have three vendors supplying finished planchets for the production of the 2006 Buffalo .9999 fine gold $50 bullion coins, including one that is a direct competitor to the U.S. Mint in the bullion coin market.

The three planchet suppliers are Gold Corp. from Perth, Australia; Vennerbeck Stern Leach (VSL) in Attleboro, Mass.; and Sunshine Mining and Refining Co. from Boise, Idaho.

Gold Corp. is the bullion coin production arm of the Perth Mint. It strikes two .9999 fine gold bullion coins of its own in eight different sizes for collectors and investors and that compete with U.S. bullion coins.

The 2006 Buffalo .9999 fine gold coins are to be produced in Proof and Uncirculated versions. Trial strikes are currently being produced at the West Point Mint.

Provisions within the text of the Presidential $1 Coin Act of 2005 that authorizes the Buffalo gold $50 bullion coins require production of the coins to begin within six months of enactment of the legislation. President Bush signed the legislation into law on Dec. 22, 2005. That would mean full-scale production and issuing of the coins must begin on or before June 22.

The act also requires that the Treasury secretary "shall acquire gold for the coins issued under this subsection by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within 1 year after the month in which the ore from which it is derived was mined."

The coins bear sculptor James Earle Fraser�s designs from the 1913 Indian Head, Bison on Mound 5-cent coins. CW
http://online.amospublishing.com/Rep.../Pc0240400.jpg
MINT ARTIST�S SKETCHES illustrate what the 2006 Buffalo .9999 fine gold bullion coins will look like.The Mint has named three vendors to provide blanks.

Re: New U.S.A. bullion?
 

Wow, I didn't know Australia was a US territory :D (kidding). Makes me wonder though, are they shipping gold over there to have it made into blanks when there are companies that can do it here??? :rant:

Ragnarok

Re: New U.S.A. bullion?
 

Good question. I missed that and assumed those three companies would produce, refine and deliver the planchet to the mint. Can you get any further away than Australia? At least it won't say "Made In China"....Yet.

Only Our Gov. Could Come Up With That:banghead:
Prag

Re: New U.S.A. bullion?
 

Nice post. Thanks Prag.

Re: New U.S.A. bullion?
 

I wish they would make the SAEs with .9999 fineness.

Re: New U.S.A. bullion?
 

Don't be so picky. We're lucky if they haven't already been filling them with copper slugs.

Re: New U.S.A. bullion?
 

I'd love to see one of these coins and get at least one. Hopefully this doesn't end up like the attempt in 1964 to make silver dollars again (they WERE minting them, some mint employees had been sold them in special offers, and then they were all taken back (those sold to mint employees) and all were melted down!). I like the eagles (well, the ones I'v been able to afford to get anyways) but a 24 karat coin would be nice (despite its softness).

Personally, I'm more interested in getting some of the silver presidential dollars when they come out though: they better have a decent portrait of Andrew Jackson on his dollar! There's just something appealing about an Andrew Jackson silver dollar...

Re: New U.S.A. bullion?
 

That would be real messed up.
</slv>

Re: New U.S.A. bullion?
 

1234567890

Re: New U.S.A. bullion?
 

With the price of Au going down may actually entertain the idea of owning one when they come out - but a bit concerned about potential premium due to its 'newness'.

Re: New U.S.A. bullion?
 

Way things are going the 2008 American Gold Eagles will be Clad.
:D

Re: New U.S.A. bullion?
 

1234567890