With the pre-sale of the Royal Australian Mint’s 2019 two-coin set honoring the 50th Anniversary of Apollo 11 beginning, a customer service representative from the Mint clarified their shipping policy.
After purchasing the set for AU$177.27 on their website (US$123.96, up 32-cents from yesterday), they charge a flat rate of AU$35.00 (US$22.37) for shipping. Packages are shipped using Auspost eParcel which provides tracking numbers that will be available to users of the U.S. Postal Service’s tracking system.
If there are import fees and taxes, the USPS will collect those from you before delivery.
According to the Royal Australian Mint representative, the 50th Anniversary of the Lunar Landing two Coin Set will not be offered for direct sale in the United States because of licensing agreements. However, that does not affect sales on the secondary market.
Purchasing one set and having it shipped to the United States will cost AU$212.27 (US$148.43) plus surcharges added onto your credit card for the currency exchange.
While perusing my Twitter feed, I found the announcement from the Royal Australian Mint is beginning the presale of the two-coin set honoring the 50th Anniversary of Apollo 11.
The set features a 2019-S Apollo 11 50th Anniversary Proof Clad Half Dollar and an Australian Silver Proof $5 coin. The two-coin set can be ordered for AU$195.00 in Australia, where the price includes the Goods and Services Tax (GST). Outside of Australia, the price is 177.27 ($123.64 as of May 9, 2019).
The Australian coin has an interesting design. On the obverse, the Royal Australian Mint reduced the size of Queen Elizabeth II’s effigy on the obverse and filled the side with an image of the moon, a radio telescope representing the CSIRO Parkes Observatory, and a part of the transcript of the Apollo 11 mission. The CSIRO Parkes Observatory was one of the ground tracking stations that helped NASA communicate with the Apollo 11 crew.
The reverse features a stylized scene from the moon landing with a color image of the earth positioned in a way to make Australia facing the virtual camera.
The Australian $5 silver coin can only be purchased in this set and has a mintage limit of 10,000 coins. Thus, it is safe to assume that there will be a limit of 10,000 of these sets.
The Royal Australian Mint is selling a version of the silver coin that is plated in nickel and domed like the U.S. coin. The images on the Royal Australian Mint website shows a dark-colored coin that makes the colored image of the earth stand out. This coin also has a limited production of 10,000 coins.
There is also a gold coin and a six-coin uncirculated set that features copper-nickel base coins and aluminum-bromide one- and two-dollar coins. These coins feature different reverse designs than their precious metals counterparts. The obverse features the effigy of Queen Elizabeth II by Ian Rank Bodley.
Coins ordered now will be shipped starting on June 5, 2019.
The Royal Australian Mint has not (yet) provided information if there will be a special program for shipping to the United States or if they will partner with the U.S. Mint to sell the set.
If you are thinking about ordering you might want to watch the currency markets. There has been a decline in the value of the Australian Dollar (AUD) versus the U.S. Dollar since the beginning of April. Although markets are difficult to time, a fluctuation of 5-percent in the prices is not going to make a big difference.
Aside from waiting for answers to my questions from the Royal Australian Mint, I will watch the markets for the next two weeks to see if I can save money if the AUD dips below 60-cents to the USD.
Coin images courtesy of the Royal Australian Mint.
When it comes to numismatic-related legislation, proposing commemorative coin programs can look like a pastime to the members of Congress. At the prompting of constituent groups, members will submit bills that have everyone excited but does not deliver on its promise.
For now, the only commemorative coin program that has become law is the Naismith Memorial Basketball Hall of Fame in 2020.
In March, members of Congress have introduced bills to create five more commemorative coin programs. All have merit but the reality is that most of these bills will not pass Congress.
For the 116th Congress, there have been 16 numismatic-related bills submitted covering 13 different commemoratives (some are introduced in both the House and Senate to increase its chance of passage). One bill, Route 66 Centennial Commission Act (H.R. 66), was added to the watch list because the bill recommends a possible commemorative coin for the celebration.
Maybe there will be something more exciting to report next month.
S. 639: Tomb of the Unknown Soldier Centennial Commemorative Coin Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Mar 4, 2019
H.R. 1805: To require the Secretary of the Treasury to mint coins in commemoration of the centennial of the establishment of the Tomb of the Unknown Soldier.
Referred to the House Committee on Financial Services. — Mar 14, 2019
H.R. 1830: To require the Secretary of the Treasury to mint coins in commemoration of the National Purple Heart Hall of Honor.
Referred to the House Committee on Financial Services. — Mar 18, 2019
H.R. 1865: To require the Secretary of the Treasury to mint a coin in commemoration of the opening of the National Law Enforcement Museum in the District of Columbia, and for other purposes.
Referred to the House Committee on Financial Services. — Mar 25, 2019
H.R. 1923: To amend title 31, United States Code, to require the Secretary of the Treasury to mint and issue quarter dollars in commemoration of the Nineteenth Amendment, and for other purposes.
Referred to the House Committee on Financial Services. — Mar 27, 2019
H.R. 1982: To require the Secretary of the Treasury to mint coins in recognition and celebration of the National Women’s Hall of Fame.
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. — Mar 28, 2019
As I peruse the non-numismatic news sources looking for coins and collecting-related information, I am surprised how much is published by the media in other countries about their coins. Interestingly, most of the stories are either from the Commonwealth Realm or those countries formerly a member of the Commonwealth Realm.
2019 Celebrating The Life of Stephen Hawking 50P Coin Reverse
(Image Courtesy of the Royal Mint)
A Commonwealth Realm is a sovereign country in which the Monarch of Great Britain, currently Queen Elizabeth II, is the reigning constitutional monarch and head of state. The role of the queen is largely symbolic as the government of each country manage its domestic affairs.
As part of this management, each country produces its own coinage. Within the Commonwealth Realm, the largest state-run mints are the Royal Mint, Royal Canadian Mint, Royal Australian Mint, and Perth Mint. There are other private mints that produce legal tender coins, but these are the only government-owned mints in the commonwealth.
Every time one of these mints issues a new coin for circulation, the information is all over their country’s media. For example, in the run-up to the issue of the Peter Rabbit circulating 50p commemorative as part of the Royal Mint’s Beatrix Potter series, nearly every news outlet in the U.K. has been covering the anticipation.
This phenomenon is not restricted to the Commonwealth Realm. Former Commonwealth members also heavily promote their coins. We know that India is issuing a 12-sided 20 rupee coin along with other new designs. South Africa Reserve Bank is issuing circulating coins to celebrate the country’s 25 years as a Constitutional Democracy.
Yet the United States press has been largely silent. Sure, there are blurbs when a congressperson drops a bill into the virtual hopper but the press has been silent after that.
While there were other things going on in December, there was very little reported about the Naismith Memorial Basketball Hall of Fame Commemorative Act for 2020.
There was hardly a peep out of the press for the Apollo 11 50th Anniversary Commemorative coins. Even with the political turmoil, this country should be commemorating one of its greatest feats of the 20th century that did not involve bombs or bullets.
There has been more coverage in the science and tech-related press about the release of the Black Hole coin honoring Stephen Hawking by the Royal Mint.
To its credit, the American Legion has been promoting the 100th Anniversary commemorative coins to their members. However, was there any general media outlets covering the program’s release?
The hobby is perceived to be dying because it is not attracting new members. How can the hobby attract new members when it does not promote itself outside of its insular bubble?
I am sure that I will hear from the bullion sellers because they have been crowing about the steady rise of gold prices. Aside from being an investment and not a hobby issue, the rise of gold prices is alarming. Investing in gold and other precious metals is seen as a safe-harbor move when investors predict that markets will be less lucrative. If investors are pulling money out of other investments to invest in gold that means they do not trust the markets and we may be in for problems.
If we stop worrying about what is good or bad for the hobby and figure out how it could survive, maybe we can attract new collectors. First, we have to do is to let everyone know the hobby still exists.
And now the news…
March 12, 2019
This new series comprising denominations of ₹1, ₹2, ₹5, ₹10, and ₹20, designed by the National Institute of Design, Ahmedabad, will aid the visually-impaired through its thoughtful design. As per the notification issued by the Ministry of Finance, apart from the ₹20 coin, which will be a 12-sided polygon (a dodecagon), the rest of the coins will be circular in shape. → Read more at architecturaldigest.in
March 18, 2019
A 14th-century French gold coin was discovered inside one of three hidden drawers in a bureau inherited by a woman who lives in Derbyshire, England. The mother of three, Amy Clapp, 37, told reporters she had no idea the 650-year-old coin — or the secret drawers — existed after being left a 20th-century bureau by her distant cousin. → Read more at thevintagenews.com
March 19, 2019
The brand new commemorative Peter Rabbit coin that was announced last week has been released to the public. The new coin features an original illustration of Peter Rabbit taken from the book, The Tales of Benjamin Bunny. → Read more at inews.co.uk
March 19, 2019
TYLER, TX (KLTV) – An East Texas woman found a unique coin on the side of the road by the Caldwell Zoo more than six months ago, and she wants to find its rightful owner. Jan Hommel, the director of the American Freedom Museum, knew exactly where the coin came from. → Read more at kltv.com
March 19, 2019
A $1 million penny, a $3 million nickel and more than $100 million more in rare coins are coming to Pittsburgh from March 28 through 30 when the National Coin & Money Show stops at the David L. Lawrence Convention Center. → Read more at triblive.com
March 20, 2019
A "rare" 650-year-old coin found in a secret drawer in a desk has been sold for £850 at auction. The 14th Century coin was discovered inside one of three hidden drawers in a 1970s bureau, left to a woman by a long-lost relative. → Read more at bbc.com
March 21, 2019
A number of new coins have been approved by the South African Reserve Bank (SARB) and celebrate the country’s 25 years as a Constitutional Democracy. A few of the coins will be collector’s items, and the R500 and R50 coins are specifically made for commemorative purposes only. → Read more at capetownetc.com
March 23, 2019
LITTLETON, N.H. — After playing a key role in the success of Littleton Coin Company for nearly 30 years, the firm’s Chief Operating Officer Mike Morelli has announced his retirement at the end of 2019. → Read more at caledonianrecord.com
One of the most disturbing stories relating to numismatics is the conviction of a man for killing someone for his coin collection. In Colchester, England, Gordin McGhee, 52, was stabbed in his flat by Danny Bostock, 33, who broke in to steal a set of Beatrix Potter 50 pence coins.
2018 Peter Rabbit 50p Uncirculated Coin
(Image courtesy of the Royal Mint)
Both men were familiar with each other from local coin club meetings.
Over the last few years, the English tabloids have been publishing stories about how low-mintage, modern circulating 50p commemorative coins were being sold for hundreds or thousands of pounds on eBay. This has awakened the public about the potential for collecting these coins.
The Royal Mint has been producing 50p coins commemorating the animals featured in Beatrix Potter’s stories since 2016 including Peter Rabbit. By the time the country caught on to their value, the limited edition 2016 and 2017 coins were being hoarded and becoming more difficult to find. People who wanted a complete collection turned to the secondary market.
Of course, where there is a demand the person who can provide a supply can make money.
According to news reports, Bostock snuck into McGhee’s flat to steal his collection of Beatrix Potter coins while McGhee was not home. Unfortunately, McGhee returned home and found Bostock in the act. Bostock stabbed McGhee 17 times and tried to set the place on fire to cover up the crime.
Police were able to track the trail of blood Bostock made with his shoes to Bostock’s home. Bostock was convicted after using the defense that someone else wore his shoes after a drinking party even though the police found the shoes, coins, and the murder weapon in his possession.
Although this type of situation may not happen over the National Parks quarters, we did see the greed of dealers put the public in danger for the release of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin. Dealers handed out cash to needy people who did not conduct themselves in a manner that is consistent with the ANA Code of Ethics so they could buy the coins first without having to worry about U.S. Mint purchasing limits.
In this case, nothing happened to the dealers who should have been dealt with by the ANA. They could have lost money since the release was not a sellout and the price of gold dropped, but we will never know.
And now the news…
February 27, 2019
The demand for U.S. cash is skyrocketing — an indicator that’s leaving some economists sounding the alarm. → Read more at cnbc.com
March 2, 2019
Charlotte is known for its banks but in some circles, it's known for its actual money. The gold coins that Charlotte's mint produced in the mid-19th century are desirable. "When you're a coin collector, you don't worry sometimes the value. → Read more at wfae.org
March 7, 2019
Before immigrating to the United States in 2001, Paul Balan worked as a painter and sculptor in his native Philippines. Now he is pushing his artistic talents in new directions, doing coin and medal designs for the U.S. → Read more at legion.org
March 7, 2019
Last August, 90-year-old pensioner Miroslav Jurníček harvested onions from his garden, when he noticed a small golden coin lying on the ground. He started rummaging around and eventually unearthed a vessel full of gold and silver coins. → Read more at radio.cz
March 8, 2019
A coin enthusiast has been convicted of murder after stabbing a fellow collector 17 times while trying to steal a rare set of Beatrix Potter 50ps. Danny Bostock, 33, attacked 52-year-old Gordon McGhee in his bedroom before turning on the gas cooker and lighting a dishcloth, seemingly to cause an explosion and destroy evidence of the killing. → Read more at telegraph.co.uk
March 8, 2019
From Kew Gardens to Paddington bear, there are a number of rare and collectible 50p coins and the Royal Mint will be releasing a Stephen Hawking coin later this month. The late Cambridge University physics professor died in March last year and the coin will feature a black hole and the scientist himself. → Read more at manchestereveningnews.co.uk
While the mainstream media has mostly been distracted by other activities in Congress, those of us who watch numismatic-related legislation have had our own action.
First, the House of Representatives passed Route 66 Centennial Commission Act (H.R. 66) to create a commission to celebrate the centennial of the famous Route 66 in 2026. Although this is not a numismatic-related bill per se, if passed, the bill says that the centennial commission will recommend commemorative coins for this event. The bill has been referred to the Senate Environment and Public Works Committee waiting further action.
The other legislation of note is the Monetary Metals Tax Neutrality Act of 2019 (H.R. 1089) that removes all tax considerations for the sale of “gold, silver, platinum, or palladium coins minted and issued by the Secretary at any time.” It also exempts “refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.” This means that no capital gains on the sale of these items will be taxed and no losses can be written off by the taxpayer.
An interesting side effect of this bill would be that the gains realized when rare coins auctioned for millions of dollars will not be taxed. This means if an 1804 Silver Dollar sells for more than the $3.8 million it sold for in 2013, the seller will not pay capital gains tax on the sale. However, if it sells for less, the seller will not be able to write-off the loss.
For those keeping score at home, this law will not help the sale of a 1913 Liberty Head Nickel since its composition is copper and nickel.
Of course, this will only be an issue if H.R. 1089 passes and the president signs it into law.
H.R. 66: Route 66 Centennial Commission Act
Summary: This bill establishes the Route 66 Centennial Commission to honor Route 66 on the occasion of its centennial anniversary.The Department of Transportation shall prepare a plan on the preservation needs of Route 66.
Received in the Senate and Read twice and referred to the Committee on Environment and Public Works. — Feb 7, 2019
Motion to reconsider laid on the table Agreed to without objection. — Feb 6, 2019
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 399 – 22 (Roll no. 67). — Feb 6, 2019
Considered as unfinished business. — Feb 6, 2019
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. — Feb 6, 2019
DEBATE – The House proceeded with forty minutes of debate on H.R. 66. — Feb 6, 2019
Considered under suspension of the rules. — Feb 6, 2019
Ms. Norton moved to suspend the rules and pass the bill. — Feb 6, 2019
Referred to the House Committee on Transportation and Infrastructure. — Jan 3, 2019
H.R. 1089: Monetary Metals Tax Neutrality Act of 2019
Summary: Monetary Metals Tax Neutrality Act of 2019This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.
Referred to the House Committee on Ways and Means. — Feb 7, 2019
S. 457: President George H.W. Bush and Barbara Bush Coin Act
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Feb 12, 2019
H.R. 1173: President George H.W. Bush and Barbara Bush Dollar Coin Act
Referred to the House Committee on Financial Services. — Feb 13, 2019
H.R. 1257: To require the Secretary of the Treasury to mint coins in commemoration of the United States Coast Guard.
Referred to the House Committee on Financial Services. — Feb 14, 2019
S. 509: A bill to require the Secretary of the Treasury to mint coins in commemoration of the United States Coast Guard.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Feb 14, 2019
At noon on January 3, 2018, the 116th Congress gaveled into session. The first day of a new congressional session is mostly ceremonial and procedural. Leaders are chosen. Rules are established. Committees are formed. And the House of Representatives gets to work on a new budget.
Usually, the budget the House starts with is for the next fiscal year. This year, the 115th Congress did not finish their work and left the government unfunded. It does not matter whose side you are on or what animal you worship, the bottom line is that 800,000 federal employees, many more contractors, and the businesses that rely on their patronage were hurt. Sure, the federal employees will earn back pay but the contractors who were furloughed will not. The businesses that serve these people will also not be made whole.
But that did not stop members of Congress from submitting bills for consideration. As I write this, there have been 842 bills submitted in the House of Representatives and 268 in the Senate. Of those bills, only four have numismatic significance. All four bills were also submitted in the 115th Congress but had died in committee when that Congress adjourned for the final time.
As of now, the Financial Services Committee, chaired by Rep. Maxine Waters (D-CA), has not posted the rules as to what it will take for numismatic-relation legislation to move forward. Since the 112th Congress, the committee required a numismatic bill to have 250 co-sponsors. But since the control of the committee has changed parties, we will have to wait until the committee publishes their rules.
Here are the first four numismatic-related bills submitted in the 116th Congress:
H.R. 61: Carson City Mint 150th Anniversary Commemorative Coin Act of 2019
Summary: This bill directs the Department of the Treasury to mint and issue $5 gold coins and $1 silver coins in commemoration of the 150th anniversary of the Carson City Mint in Carson City, Nevada.All surcharges from sales of such coins shall be paid to the Nevada State Museum Dedicated Trust Fund.
Referred to the House Committee on Financial Services. — Jan 3, 2019
H.R. 500: Christa McAuliffe Commemorative Coin Act of 2019
Referred to the House Committee on Financial Services. — Jan 11, 2019
H.R. 636: To require the Secretary of the Treasury to mint coins in commemoration of Muhammad Ali.
Referred to the House Committee on Financial Services. — Jan 17, 2019
S. 239: A bill to require the Secretary of the Treasury to mint coins in recognition of Christa McAuliffe.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 28, 2019
It seems that in my attempt to highlight numismatic-related news from somewhere other than the United States I may have done my wurst!
Staatliche Münze Berlin
(photo courtesy of Wikimedia Commons)
While the story about the currywurst commemorative coin seemed like something to poke fun at, I was reminded that Staatliche Münze Berlin, the Berlin State Mint (www.muenze-berlin.de), is not an official government mint. It is a private mint that has been contracted by the German government to assist in producing coins. Their website reports that they produce one-fifth (20-percent) of all German coins.
Reports suggest that the Staatliche Münze Berlin has been under contract to Latvia to produce legal tender coins since 2014.
It appears that Staatliche Münze Berlin would be to Germany as the Pobjoy Mint is to the United Kingdom. Both a private mints that are contracted to strict legal tender coins that create their own commemorative.
This might mean we are safe from coins commemorating poutine and haggis. However, the idea of mixing curry with ketchup may be worth a try!
It is interesting to see what some countries choose to commemorate on coins. For Staatliche Munze Berlin, the Berlin State Mint, they chose to commemorate the 70th anniversary of currywurst.
The 2019 coin commemorating currywurst has been called everything from ugly to the wurst (Image courtesy of Staatliche Munze Berlin)
Currywurst is considered the national fast food delicacy of Germany. It is a pork sausage that has been sliced part of the way through, boiled then grilled, and served smothered with ketchup mixed with curry powder. Curry powder is sprinkled on top.
According to a friend who spent time working in Germany, currywurst stands are as ubiquitous in Berlin and many other cities as hot dog stands are in New York. Depending on the stand, they can be served on buns, with sauerkraut, or fries. Since returning to the United States several years ago, he says that his family enjoys the German dish frequently.
Coins have been used to commemorate many things. Commemorating food on coins is nothing new. Coins have been used to commemorate agricultural products like wheat and corn. But aside from the (in)famous bottlecap-shaped coin, I cannot remember when a coin was used to commemorate a prepared food.
Now that the Berlin State Mint has broken this barrier, who’s next? Will the Royal Canadian Mint produce a coin honoring poutine? Or will the Royal Australian Mnt grace a coin with Vegemite? I don’t even want to think about a coin commemorating haggis!
And now the news…
January 7, 2019
Click image to enlarge MIDDLEBURY, Vt. – A coin collector from Lewiston, Maine, with no prior connection to Middlebury, has donated more than 1,000 ancient coins to the Middlebury College Museum of Art. → Read more at middlebury.edu
January 13, 2019
A German coin manufacturer has commemorated the country’s love of currywurst with a speciality coin to mark 70 years since the savoury snack was first sold in Berlin. The silver alloy coin, made by Staatliche Munze Berlin, or the Berlin State Mint, features an image of the delicacy’s inventor alongside two giant sausages drowning in curry sauce and pierced with a wooden fork, as is tradition. → Read more at expressandstar.com
January 13, 2019
A silver medal-thaler, issued by Romanian ruler Constantin Brâncoveanu in 1713, sold for USD 16,000 at a numismatic auction in New York, Profit.ro reported. Brâncoveanu, who was a prince of Wallachia between 1688 and 1714, was deposed from his throne by Sultan Ahmed III. → Read more at romania-insider.com
January 13, 2019
New Delhi: A new book traces India's numismatic history through 133 rare coins which are illustrative of the country's antiquity, ethos and traditions. In Suvarna Mohur: India's Glorious History Illustrated through Rare Coins by Arun Ramamurthy, Indian history has been divided into 20 epochs. → Read more at firstpost.com
January 14, 2019
The Maine Bureau of Veterans’ Services (MBVS) is pleased to announce the final design selection for the new State of Maine Honorable Service coin and plaque, which will honor all Maine veterans, past and present, regardless of their branch or era of service. → Read more at boothbayregister.com
January 14, 2019
SINGAPORE: The number of coins that a buyer can use in a single transaction will be streamlined and standardised to 20 coins per denomination after Parliament passed the Currency (Amendment) Bill on Monday (Jan 14). → Read more at channelnewsasia.com
January 14, 2019
Mobile coin exchange units are hitting the roads to encourage people to swap the loose change they have collected for easier to handle banknotes, so the coins can be recycled. The modified trucks, which are green and clearly marked with the Treasury Department logo, have a window along the side where the coins can be exchanged for notes of equal value. → Read more at bangkokpost.com
January 14, 2019
In Berlin, the participants of the most unusual robbery of recent years went on trial. Three young Arab migrants stole a considerable gold coin from the museum using only an ax handle, ropes, stairs, and carts. → Read more at en.crimerussia.com
January 16, 2019
Greater Houston Coin Club members have been on a mission to get kids involved in the hobby. → Read more at abc13.com
Pairing U.S. coins with a foreign coin for sale has been done in the past by the U.S. Mint. In 2002, the U.S. Mint offered the “Legacies of Freedom” This week, the U.S. Mint announced a collaborative project with the Royal Australian Mint to produce a commemorative coin set in celebration of the 50th Anniversary of the Apollo 11 Moon landing. The set will feature a U.S. Apollo 11 50th Anniversary Half Dollar paired with an Australian 50th Anniversary of the Moon Landing 1 oz. $5 Silver Coin.
The announcement noted that the set will be produced and sold by the Royal Australian Mint with marketing help from the U.S. Mint who will put a link on their website.
set. A limited edition of 50,000 sets that included an uncirculated American Silver Eagle $1 coin and a £2 Silver Britannia from the Royal Mint. These sets were created and marketed by the U.S. Mint with a price of $49.88 per set, noting that the spot price of silver was $6.39 per troy ounce.
Prior to that, the U.S. Mint produced the 2000 Leif Ericson Millennium Commemorative Set that included a 2000 Leif Ericson Proof Silver Dollar and a 1000 Kronur proof silver coin produced by the U.S. Mint for Iceland. It was the last coin the U.S. Mint produced for a foreign government. The U.S. Mint sold 86,136 sets at a price of $63 per set.
Since the set will be produced by the Royal Australia Mint, there are questions regarding the opportunities that may be missed by the U.S. Mint to do the same. For example:
- The press release says that it will be a “limited production set” but does not specify how many sets will be produced.
- Other than the legal requirements that the U.S. Mint shall not lose money on a commemorative coin program and that the half-dollar includes a $5 surcharge, what are the financial arrangements between the two government mints?
- Who will handle the fulfillment of orders from the United States? Those who have purchased items from Australia and New Zealand know that the because of shipping and customs restrictions, items can take 6-8 weeks to enter the United States before it can be given to the Postal Service for delivery.
These questions will be addressed to the U.S. Mint as soon as Tuesday. Even though the U.S. Mint continues to operate during the shutdown, offices in Washington, D.C. will be closed on Monday because of 8-12 inches of snow that covers the region.
And now the news…
January 5, 2019
Coins expected to bring increased security to economies of British territories and dependencies → Read more at theguardian.com
January 9, 2019
A penny that a Massachusetts teenager found in his change from lunch money could be worth as much as $1.65 million (£1.3 million) when it is auctioned off. → Read more at foxnews.com
January 9, 2019
My grandfather was a numismatist. William Evans Mullan II died over the weekend. The coin collection lives on. → Read more at djournal.com
January 10, 2019
Don Lutes Jr. kept the 1943 copper penny he stumbled upon in his high school cafeteria seven decades ago in a safe behind a wall in his Massachusetts home. → Read more at cnn.com
January 11, 2019
Jim Cramer shares his favorite ways to add gold to a portfolio and encourages investing in the precious metal if you’re nervous about 2019. → Read more at cnbc.com
January 11, 2019
BERLIN — Four young men have gone on trial over the brazen theft of a 100−kilogram Canadian gold coin from a Berlin museum. → Read more at manitobapost.com