Gold is the preferred choice of investment by people to secure their wealth when global and domestic crises threaten to hit finances. Gold prices are recovering despite the ongoing problems in the Mideast, Europe’s credit crisis and the American budget issues. Gold futures are currently trading below $1,700 an ounce, after reaching their peak at a little above $1,900 in June 2011. Goldman Sachs has warned of the increasing downside risks to gold, while decreasing its 12-month price prediction by 7.2% to $1,800 an ounce. Goldman Sachs was quoted saying that the price of gold is close to an … [Read more...]
Indian Head Quarter Eagles
February 5, 2013 by
The Indian Head Quarter Eagles were minted from 1907 to 1933. During this time President Theodore Roosevelt was in office due to the assassination of McKinley and he found the United States coinage to be unattractive and not representing our country very well so he wanted a reform on all United States coinage. The Mint Engraver at the time was Charles Barber who Roosevelt believed to be mediocre in the profession so in order to achieve new beautiful designs he replaced his job with world renowned sculptor Augustus Saint-Gaudens. Saint-Gaudens was commissioned to create a new design for the … [Read more...]
$10 Liberty Head Eagle
February 5, 2013 by
In 1804 President Thomas Jefferson put an end to the minting of eagles due to their melt value being greater than their monetary value. There was a large amount of these coins being melted and 30 years after the minting of eagles had been stopped, the standard weight and fineness for gold coins was changed. Eagles had a weight of 270 grains and it was changed to 258 and the gold fineness went from 91.67% to 90% gold. In 1838 Mint Director Patterson commissioned Engraver Gobrecht to create a new die that will be used to mint the eagles with the new changes. In 1866 the Type 2 Liberty Head … [Read more...]
$5 Liberty Head Gold Coin
February 5, 2013 by
The $5 Liberty Head gold coin with motto was minted from 1866-1908. The designer of this coin was Christian Gobrecht. On the obverse side of the coin is a profile image of Lady Liberty wearing a coronet. Her hair is pulled back with two strands of curly hair hanging down by her neck. Arched around her are 13 stars that represent the 13 original colonies and the mint date near the bottom. On the reverse side of the coin is an image of the heraldic American Eagle looking to the left and the motto “In God We Trust.” The eagle is holding olive branches and arrows in his talons that represent … [Read more...]
$2.50 Liberty Head
February 5, 2013 by
The Liberty Head Quarter Eagle was minted from 1940 to 1907 and was designed by Christian Gobrecht. This coin went the longest amount of time then any other coinage series without any modifications being done to the design. During this time there 11,921,171 Liberty Head Quarter Eagles minted. The design that Gobrecht used for this coin was the coronet motif. On the obverse side of the coin is a depiction of Lady Liberty’s profile with her hair pulled back and two curls hanging down by her neck. The word ‘Liberty’ is inscribed on her coronet. Arched around her are six pointed stars and … [Read more...]
US Mint Silver Coins Sales Hit an All Time High
February 5, 2013 by
This month American Eagle silver coins have reached an all time high in sales due to the number of people looking for a different currency option as the U.S. central bank continues to move towards unprecedented stimulus. According to mint data the sales for this month have reached 7.42 million ounces so far this month while in December of 2012 total sales only reached 1.635 million ounces. This month is the largest amount of silver sales since 1986. The high demand for silver is being supported by the loose monetary policies and increased industrial consumption. In a report on January … [Read more...]
US Government Resorting to Emergency Borrowing to Meet Obligations
February 1, 2013 by
The US government which is currently facing a deep financial crisis is likely to find it difficult to meet its various obligations after February 14, according to a report released by a Washington based think tank. The Bipartisan Policy Group or BPC has mentioned that the US government has already reached its borrowing limit on the New Year’s Eve and is currently funding its operations through extraordinary measures. The US treasury has been tapping the $200 billion emergency fund to ensure uninterrupted operations of departments or schemes fully funded by it. The report prepared by … [Read more...]
Strong Demand for American Eagle Silvers Leads to Suspension of Sales
February 1, 2013 by
The US mint which sells a wide range of bullion gold and silver coins through its network of authorized dealers has announced suspension of sales of its 2013 dated American Eagle Silver Coins for the time being. The sale will be resumed soon. The decision comes as the inventory of these freshly minted coins run out and investor demand for these coins surges in the first fifteen days of their launch itself. The strong demand for these coins is attributable to the growing popularity of bullion as a safe investment because of growing fears about a possible recession in the US. Addressing … [Read more...]
Recent Comments