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Showing posts from November, 2018

Mint Statistics: Five-ounce silver leads latest sales

Block Island 5-ounce silver quarters are popular. The bullion version saw 80,000 taken away by buyers. That beats the other four designs by significant numbers. The next highest sales total is the 5-ounce Cumberland Island at 52,500. The first three designs of 2018 were just 30,000 each. You have to go back to the first issue of 2016 for the Shawnee National Forest to see a sales number that is higher at 105,000. The 5-ounce coin was the only bullion coin action in the last seven days. No gold or silver Eagles or gold Buffaloes were sold. Buyers are undoubtedly thinking about their needs for 2019-dated pieces. Holiday shoppers are still buying clad 2018 proof sets. Another 15,117 have been sold. The silver set sales number was up by 6,735. Mint set buyers took 4,797 more of these. The running totals are 433,962, 276,398, and 217,776, respectively.     This article was originally printed in Numismatic News . >> Subscribe today.   If you like what you’ve re...

U.S. Mint sales report: Week ending November 25, 2018

This U.S. Mint numismatic sales report covers the week ending November 25, 2018. The Mint’s best-selling product this week was the 2018 U.S. Mint Proof Set (18RG) , which sold 15,117 units. In second place was the 2018 U.S. Mint Silver Proof Set (18RH), which sold 6,735 units. The third best-selling item this week was the 2018 U.S. Mint Uncirculated Coin Set (18RJ), with 4,797 sold. It’s followed by the San Francisco Mint’s 2018 American Silver Eagle one-ounce Proof coin (18EM), with 3,218 individual units sold; and the West Point Mint’s 2018 American Silver Eagle one-ounce Proof coin (18EA), with 2,555 sold. This week saw no downward adjustments. On November 27, the U.S. Mint released the 2018 Block Island National Wildlife Refuge Quarter, Three-Coin Set (18AH) . The 2018 World War I Centennial Proof and Uncirculated silver dollars have gone on back order and will be available to purchase until they go off-sale on December 27 at 11:59 PM ET. The following are the U...

Community Voice Responses (December 18, 2018)

From the Nov. 23 Numismatic News E-Newsletter: Do the holidays keep you from spending time on coin collecting? Here are some answers sent from our e-newsletter readers to Editor Dave Harper.   No, they give me more time to spend time on it! John Nay St. Joseph, Mich.   I consider my coin collecting to be a part of my life. While the holidays may add to the enjoyment, they do not alter my search for that next addition to my collections. For Thanksgiving, I did get together with my younger brother, and lifelong collecting partner, to sort through and get our collections in order. That is what makes my coin collecting the most satisfying. Jim Lloyd Atoka, Okla.   This time of year is a great time to buy coins. Some dealers are looking to clean up their inventories and provide good pricing to their customers. An educated coin collector can do quite well during the holidays. Online sales and savings are out there as well. Happy Collecting! Steve McGowan Algonac,...

Letters to the Editor (December 18, 2018)

Mint does not distribute coins to local banks It never ceases to amaze me that even the most seasoned and esteemed numismatists do not understand how United States coinage goes from manufacturing to circulation. In Harvey Stack’s Viewpoint column (Nov. 18, 2018), he blamed the U.S. Mint for problems with the distribution of the 50 State Quarters program. In his article, Stack wrote that “the distribution of the new designs did not get full nationwide distribution. The Mint sent to most banks nationwide whatever they had available, with some districts getting large quantities of the new issue and other districts getting relatively few, if any.” The U.S. Mint does not distribute circulating coins to any United States bank except for the Federal Reserve. At the end of every production line is a two-ton bag made of ballistic materials that collect every coin produced on the line. When the bag is full, it is sealed and later transported to a processing center designated by the Federal Re...