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Ron Paul Links Bullion Coin Shortage To Horrendous Currency Debasement
Rep. Ron Paul, during a Subcommittee hearing on problems at the US Mint, linked the shortage of gold and silver coins to the "huge debasement" of the United States currency. The remarks came during a hearing by the House Financial Services Subcommittee on Domestic Monetary Policy, entitled "Bullion Coin Programs of the United States Mint: Can They Be
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United States Mint Bullion Program Net Margin Remains at 1.9%
Amidst increased demand for physical gold and silver investment products, the United States Mint achieved record revenue from the sale of bullion coins during their 2010 fiscal year. Annual sales totaled $2.86 billion, which yielded net income of $55.2 million for the segment. The US Mint produces gold,
US Mint Added New Silver Blank Supplier in 2010
For much of the past three years, the United States Mint has struggled to keep up with the boom in demand for physical precious metals. Although they have been required to mint and issue American Gold and Silver Eagle bullion coins in quantities sufficient to meet public demand, they have often fallen
America the Beautiful Silver Bullion Coins on Hold
The America the Beautiful Silver Bullion Coins should have been released on December 6, 2010, but instead the program has been delayed by the United States Mint. The delay was prompted by widespread complaints about secondary market prices, which had risen to more than two times the value of the 5 ounces
New US Mint Silver Bullion Coin Series Starts Next Week
The release date, mintages, and premiums for the United States Mint's America the Beautiful Silver Bullion Coins were finally revealed this week. Precious metals investors and collectors
US Mint Sells Record 4.26 Million Silver Eagles in November
During November 2010, the United States Mint recorded sales of 4,260,000 American Silver Eagle bullion coins. This is significant since it represents the highest monthly sales total in the history of the program. With the price of silver up more than 65% for the year to date, investment interest in "poor
Details Awaited for America the Beautiful 5 oz. Silver Coins
Silver investors and coin collectors have been awaiting the final details of the United States Mint's new silver bullion coins. Some preliminary information such as the design, specifications, and production levels have been revealed, but the premiums and exact release dates remain unknown. The
2010 Proof Silver Eagle Sales Begin
For the first time in more than two years, Proof Silver Eagles are available for purchase from the United States Mint. In recent years, the availability of the collector coins has been prevented by the high demand for physical precious metals. The US Mint produces American Silver Eagles for both precious
US Mint Mass Email Causes Mass Confusion
Collectors have been eagerly awaiting the release of the 2010 Proof Silver Eagle. Imagine their surprise yesterday when they received a mass email notification from the United States Mint that the product was "sold out" and their orders were canceled one week before the anticipated release date. The
US Mint Changes Rules for Authorized Purchasers
The United States Mint recently revised the requirements to become an Authorized Purchaser for their American Eagle Gold and Silver bullion programs. Since the start of the program, the US Mint has used an authorized purchaser network to distribute the coins to the public. These Authorized Purchasers
