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Friday, December 16, 2011

1984-S ICG PR70 DCAM Los Angeles Olympiad Commemorative Coin




Modern commemorative U.S. coins have been issued by the U.S. Mint since 1982, when George Washington half dollars were struck to mark the 250th anniversary of his birth. Before the Washingtons, as they are known, early commemorative coins were issued between 1892 and 1954 to honor people, places, and events, as well as to raise money for monuments and related activities.
The first such modern-era fundraiser was a trio of coins minted in 1983 and 1984 to support the efforts of the U.S. Olympic Committee. Commemorative coinstied to the Los Angeles summer games of 1984 featured two silver dollars and a $10 gold eagle, which was the first gold coin struck since the last double eagle had circulated in 1933.
Subsequent Olympic coins were struck prior to games in Seoul (1988), Barcelona (1992), Atlanta (1996), and Salt Lake City (2002). In fact, sports themes have been popular on commemorative coins, as seen in coins minted for the 1994 World Cup, which took place in the United States, and two coins (a silver dollar and a gold half eagle) honoring Brooklyn Dodgers star Jackie Robinson in 1997.
Other landmarks and leading lights of American history to be honored include the Statue of Liberty(1986), the 50th anniversary of the start of World War II (1991-1995), and Benjamin Franklin, who got two silver dollars (one showing him flying a kite on the obverse) in 2006.
While most commemorative coins are not intended for circulation—indeed, their face value is typically less than their retail price—some coins blur this line. For example, bicentennial quarters and half dollars issued from 1976 to 1977 were put into circulation, but many people have collected them in the same way as they would commemoratives. An even better example of circulating modern commemorative coins are theU.S. state quarters issued since 1999.

preservation of wealth with gold and silver

Dear BullionVault user,

The end of 2011 feels unusually dark.

Things are getting worse. There is now maybe a 30 percent 
chance of a steep financial and commercial decline on a par with 
the Great Depression. Our governments are very weak financially 
and such protection as they can offer is not dependable.

The underlying problem of the 2008/9 financial crisis has never 
gone away, because fixing it is too painful. There is far too much 
debt, and eventually creditors will have to resign themselves to 
very significant losses, probably through money printing and 
devaluation, but possibly default, if the Germans hold their course.

Many savings transactions involve being a creditor, and nearly all 
involve seeking a yield or interest payment. Such 'rent seeking' is 
becoming increasingly risky to capital, even for traditionally safe 
investments. With bank deposits - for example - we must now 
consider the issue of bank failure. Other rent-seeking transactions 
are even more problematic:

1. Commercial properties are increasingly empty, and costing a 
fortune where business taxes now continue on empty buildings. 
Values could fall to zero or negative. Imagine what that does to 
the banks!

2. Increasing numbers of corporate bonds will go into default if the 
financial tide goes out much further.

3. Buy-to-let residential property could easily suffer rent protection 
to help low-paid tenants. Few landlords realise just how frequently 
this happens in a harsh economic downturn.

4. Retirement savings look like they will be forcibly re-directed into 
government bonds, while the government carries on printing 
money. Their value will drain away in inflation.

5. Pension annuities already assume almost no investment income 
because rent-seeking at decent rates is so risky. They are now 
largely capital repayment programs and pay less and less.

6. On top of all the other risks, money lent in the wrong country 
could easily be trapped by exchange controls.

This is all typical of environments where debtors simply cannot 
pay. Even governments cannot pay; in fact they are top of the list 
of distressed borrowers. Only the creditors can pay. Eventually it 
is always the creditors who pay, and this is why banks are hauling 
back credit extended all over the world through the credit boom. 
They don't want to be creditors any more. Nor does anyone who 
chooses to use BullionVault.

In the words of Robert Smitley, who lived through this sort of event 
in the 1930s, "The complexity of this era of credit liquidation is too 
great for the mind to grasp." None of us can see the whole picture 
when $100 trillion worth of exotic financial assets are trying to 
convert into reliable money.

BullionVault's role is to help people use physical gold to remove 
themselves from the web of debtor/creditor relationships which are 
steadily unwinding in this extended and deepening credit crunch. I 
stress (I spend a lot of time stressing this) that we are not at all like 
a bank. You are your bank's creditor. The bank owns what was 
your money, and owes it back to you. That is the deal with 
banking and it means the bank might not be able to pay. But it is 
not the deal with BullionVault, where you own your gold. We are 
not lending your gold. We have acted as your agent in organising 
professional and insured custody of your gold - as your property - 
so it is not subject to default risk.

The point is that through BullionVault you have extricated yourself 
from the creditor/debtor nature of rent seeking, and it is for this 
reason that I believe I am justified in saying that BullionVault is a 
particularly safe way to store wealth right now. I keep my own 
savings in BullionVault to avoid worrying about banks. Okay, I get 
no interest, and I am exposed to gold price falls (and rises). I 
accept this because I am trying to avoid rent-seeking risks and 
money-printing risks at the same time. BullionVault does it the 
way I want it.

Which brings me to bank balances. When BullionVault users have 
deposited funds, but have not yet invested that money in gold or 
silver, their money is in a Trust Bank Account. As with all deposits, 
the bank owns this money and owes it to BullionVault users 
collectively. You are safe while the bank is solvent and liquid, but 
that is not guaranteed in these difficult times.

So is your un-invested money safe in the Trust Account? I think 
so, but I cannot be sure, because I cannot be sure about banks. I 
believe we are using one of the safer banks in the world, on the 
strength of reputation, and stress tests, and because of the credit 
of the British government, which I believe would print money to 
rescue Lloyds Bank depositors if that were necessary. But 
BullionVault cannot and does not guarantee your cash held at 
Lloyds in the Trust Account, so until you own bullion in one of our 
vaults, your uninvested money is subject to default risk. If this 
worries you, you should either buy gold or silver, or withdraw your 
money to your own bank.

What about 2012? Will gold and silver go up from here?

Notwithstanding sharp reverses it is easy to show that the direction 
of the gold price has been resolutely upwards for the last 7 years. 
It is much harder to predict the future direction of the gold price, 
and harder still to predict the price of silver, which is more volatile. 
Clearly gold's higher price is reflecting deep concerns about the 
credibility of political action to find a way out of crisis, so if 
someone finds a credible solution which does not involve printing a 
huge amount of money then I expect gold will fall. But that looks 
too difficult a problem to me.

That's why I am still buying both gold and silver. I remain mindful 
that both will probably go down when, eventually, the financial 
crisis eases, and I hope you will be mindful too. But I think this will 
not happen until the creditors have paid through defaults or 
inflation, and so far they have not. 

Christmas and the New Year can crystallize a crisis, and there is a 
bigger than usual risk of some financial fireworks over the 
holidays. It probably won't happen, but we wish to be as prepared 
as we can be. Special plans have been made here at BullionVault 
which I want you to know about.

Some of you may remember that last year we could not get our 
hands on physical silver over the New Year period. Some people 
thought it showed the market was 'out of silver'. Well, it wasn't. It 
was simply that there were so many staff on holiday from the 
secure transportation companies, and at a time of unusually high 
physical demand from India, that a shortage of transport capacity 
left us waiting 10 days for a shipment.

That was why we had no silver to meet our users' demand. So 
this year, just in case of holidays and extraordinary events, I have 
opened temporary allocated storage facilities at one of the major 
London bullion banks. If delivery gets tight we will aggregate 
physical metal over the holiday period at this site, and collect the 
bullion for transfer - to our normal vaults - once the holidays are 
over. This should protect our ability to respond to unusual events 
over the holidays, if they happen. You may notice an additional 
bar list on our Daily Audit. That is the reason.

Finally, a quick review of BullionVault's steady progress.

Since I founded BullionVault in 2003 we have grown to look after 
$2 billion on behalf of 35,000 private investors from all over the 
world. We are widely regarded as the fairest and most transparent 
bullion acquisition service in the world. We are recommended by 
the World Gold Council (www.gold.org), we won the Queen's 
Award for Enterprise Innovation, and this year we entered the 
Sunday Times TopTrack 250 of the UK's largest privately-owned 
businesses. So we are a substantial company and, I am pleased 
to say, a financially conservative and unleveraged one.

I value solidity more than profits growth. We made solid if 
unspectacular profits of £3.7m ($5.8m) in 2010 and £5.6m ($8.8m) 
in 2011. Apart from a small dividend of £150,000 ($232,000) paid 
to shareholders, who made BullionVault possible, we retain that 
money to build an ever stronger financial base. As a result our net 
assets, which are all cash and bullion, are now £19m ($29m) - 
sufficient to run our company for 8 years in its present form, 
without a penny of revenue. Few organisations are better 
prepared for lean times, and certainly no banks on the High or 
Main Street. I'm fortunate to have shareholders and a board of 
directors who support a cautious policy. Solid security is tough to 
find out there in the financial world, and I shall be happy if people 
see we are doing everything we can to help those of you who are 
looking for it.

The outlook may still be dark but it's no excuse for not having a 
good time at the right time. I hope you have a happy, peaceful and 
prosperous Christmas and New Year.

click coin


Paul Tustain
Founder and CEO
BullionVault

Tuesday, November 8, 2011

Friday, September 16, 2011

Sunday, September 11, 2011

Saturday, September 10, 2011

Tuesday, July 26, 2011

US Mint Sales: One Ounce Proof Gold and Silver Eagles Jump Get Yours At Cost


Posted: 26 Jul 2011 12:41 PM PDT
In the previous report, many collectors seemed to focus on numismatic products with gold content in advance of an anticipated price increase. This week, buyers shifted their focus to certain silver products as the market price of silver exceeded the $40 mark.
The 2011 Proof Silver Eagle recorded sales of 133,420 units, the highest weekly figure in three weeks. The increased number of coins ordered may have been driven by both the higher market price of silver and the recent removal of the household ordering limit. The Proof Silver Eagles were priced by the US Mint based on a market price of silver of $37.50 per ounce, compared to the current price of nearly $41 per ounce. An initial ordering limit of 100 units per household was initially in place, before the limit was removed on July 15. Total sales of the 2011 Proof Silver Eagle have now reached 593,461.
The September 11 National Silver Medals saw a large increase in sales. Across the “W” and “P” mint marked versions, the total number of units sold for the week was 16,488. This compares to only 2,929 units sold in the previous period. The one ounce silver medals are priced at $56.95 each, which includes a surcharge of $10 per medal payable to the beneficiary organization.
Another stand out in the latest sales report is the one ounce 2011 Proof Gold Eagle, which added 4,511 units. This brings the sales total to 24,581 out of the maximum product limit of 30,000.
The full US Mint numismatic product sales report appears below. The figures are compiled through July 24, 2011. The first number column represents total sales through the reporting date, and the second number column represents the change in sales since the last report. Products with sales followed by an asterisk (*) are no longer available from the United States Mint. Currently available US Mint products can be found online at http://catalog.usmint.gov/
ProductSalesChange
2011 AMERICAN EAGLE PLATINUM PROOF COIN8,672130
2011 AMERICAN EAGLE GOLD PROOF COINS
One ounce24,5814,511
One-half ounce2,943115
One-quarter ounce4,650210
One-tenth ounce10,745396
Four-coin set8,642642
2011 AMERICAN EAGLE GOLD UNCIRCULATED COIN
One ounce3,778518
2011 AMERICAN BUFFALO GOLD PROOF COIN14,354687
2011 AMERICAN EAGLE SILVER PROOF COIN593,461133,420
2011 ARMY COMMEMORATIVE COINS
$5 Gold Proof15,85459
$5 Gold Uncirculated6,13767
$1 Silver Proof106,919390
$1 Silver Uncirculated40,630125
50 Cent Clad Proof61,336263
50 Cent Clad Uncirculated35,16381
2011 MEDAL OF HONOR COMMEMORATIVE COINS
$5 Gold Proof14,943107
$5 Gold Uncirculated6,112112
$1 Silver Proof94,786626
$1 Silver Uncirculated36,658151
FIRST SPOUSE GOLD COINS
Abigail Fillmore Proof (2010)6,140*0
Abigail Fillmore Uncirculated (2010)3,489*0
Jane Pierce Proof (2010)4,843*0
Jane Pierce Uncirculated (2010)3,333*0
Buchanan’s Liberty Proof (2010)7,304*0
Buchanan’s Liberty Uncirculated (2010)5,348*0
Mary Todd Lincoln Proof (2010)6,54326
Mary Todd Lincoln Uncirculated (2010)3,760*0
Eliza Johnson Proof (2011)3,06267
Eliza Johnson Uncirculated (2011)2,02174
Julia Grant Proof (2011)2,850217
Julia Grant Uncirculated (2011)1,881150
AMERICA THE BEAUTIFUL 5 OZ UNC COINS
2010-P Hot Springs National Park27,000*0
2010-P Yellowstone National Park27,000*0
2010-P Yosemite National Park27,000*0
2010-P Grand Canyon National Park22,785759
SEPTEMBER 11 NATIONAL MEDALS
2011-W51,2899,830
2011-P30,3536,658
2011 PROOF SETS
2011 U.S. Mint Proof Set785,7875,738
2011 Presidential $1 Coin Proof Set223,8511,268
2011 America the Beautiful Quarters Proof Set101,3831,053
2011 SILVER PROOF SETS
2011 U.S. Mint Silver Proof Set435,6943,038
2011 America the Beautiful Quarters Silver Proof Set104,1611,045
2011 UNCIRCULATED MINT SETS
2011 U.S. Mint Uncirculated Set406,8592,602
2011 Presidential $1 Coin Unc Set35,202633
2011 America the Beautiful Quarters20,039252
2010 PROOF SETS
2010 U.S. Mint Proof Set1,088,352405
2010 Presidential $1 Coin Proof Set527,561124
2010 America the Beautiful Quarters Proof Set268,729131
2010 SILVER PROOF SETS
2010 U.S. Mint Silver Proof Set569,734528
2010 America the Beautiful Quarters Silver Proof Set259,2761,234
2010 UNCIRCULATED MINT SETS
2010 U.S. Mint Uncirculated Set574,846234
2010 Presidential $1 Coin Unc Set97,611268
2010 America the Beautiful Quarters29,943100
2010 CIRCULATING COIN SETS
2010 America the Beautiful Quarters20,024108
2011 NATIVE AMERICAN $1 COIN ROLLS
25-Coin Roll (P)17,334184
25-Coin Roll (D)17,314165
2011 ULYSSES S. GRANT $1 COIN ROLLS
25-coin roll (P)26,429234
25-coin roll (D)25,772234
2011 ANDREW JOHNSON $1 COIN ROLLS
25-coin roll (P)30,01683
25-coin roll (D)28,80858
2010 ABRAHAM LINCOLN $1 COIN ROLLS
25-coin roll (P)48,832*0
25-coin roll (D)49,396247
2010 JAMES BUCHANAN $1 COIN ROLLS
25-coin roll (P)34,191-34
25-coin roll (D)33,558-21
2009 ZACHARY TAYLOR $1 COIN ROLLS
25-coin roll (P)40,295-30
25-coin roll (D)38,395-76
2009 JAMES K. POLK $1 COIN ROLLS
25-coin roll (P)42,77519
25-coin roll (D)41,02219
2011 KENNEDY HALF DOLLAR BAGS & ROLLS
200-Coin Bag5,892247
Two-roll set19,813204
2011 OLYMPIC QUARTER BAGS & ROLLS
100-coin bag (P)3,05851
100-coin bag (D)2,98948
Two-Roll Set (80 coin) (P&D)22,069318
2011 GLACIER QUARTER BAGS & ROLLS
100-coin bag (P)3,47822
100-coin bag (D)3,62924
Two-Roll Set (80 coin) (P&D)25,259129
2011 GETTYSBURG QUARTER BAGS & ROLLS
100-coin bag (P)4,52216
100-coin bag (D)4,38534
Two-Roll Set (80 coin) (P&D)30,67268
2010 MOUNT HOOD QUARTER BAGS & ROLLS
100-coin bag (P)6,0358
100-coin bag (D)5,7985
Two-Roll Set (80 coin) (P&D)32,85821
2010 GRAND CANYON QUARTER BAGS & ROLLS
100-coin bag (P)6,63311
100-coin bag (D)6,97311
Two-Roll Set (80 coin) (P&D)34,65431
2010 YOSEMITE QUARTER BAGS & ROLLS
100-coin bag (P)7,1787
100-coin bag (D)7,23112
Two-Roll Set (80 coin) (P&D)37,20228
2010 LINCOLN TWO-ROLL SETS
Preservation of the Union177,173121
PRESIDENTIAL DOLLAR COIN COVERS
William Henry Harrison29,5624
John Tyler26,33515
James K. Polk24,5517
Zachary Taylor23,5216
Millard Fillmore22,3996
Franklin Pierce20,7769
James Buchanan19,39210
Abraham Lincoln30,89260
Andrew Johnson16,79558
Ulysses S. Grant16,523190
PRES $1 COIN & FIRST SPOUSE MEDAL SETS
Abigail Fillmore9,5889
Jane Pierce7,45610
James Buchanan’s Liberty7,05113
Mary Todd Lincoln12,86144
Eliza Johnson4,362109
Julia Grant2,792460
AMERICA THE BEAUTIFUL QUARTER 3 COIN SETS
Hot Springs National Park18,85734
Yellowstone National Park18,97445
Yosemite National Park16,59540
Grand Canyon National Park15,99958
Mount Hood National Forest13,60950
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