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Last year for Gold Eagle ?

SmallTownCoinsSmallTownCoins Posts: 688 ✭✭
in Precious Metals
Just had a customer in the store that said he saw on TV that
this will be the last year for the $50 Gold Eagle,
to be replaced by the new Lady Liberty $100 Gold ounce...
Anyone heard anything about this ?
(sorry if this is old news) LOL
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Comments

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    Major coin publications have not reported such news. Lady Liberty is a one time commemorative issue. Would not take much stock in the TV sellers until a respected coin publication relays the news from the US Mint. Other possibility is your customer misunderstood what he heard on the TV.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • SmallTownCoinsSmallTownCoins Posts: 688 ✭✭
    I found this on google,
    find the little video box towards the bottom left,
    this is where it came from...
    you have to listen at least 3 min's in though....

    sorry i dont know how to make a hot link:

    http://www.hsn.com/products/2015-sp70-anacs-first-day-of-issue-limited-edition-of-1/7882635

    Link-a-roonie
    Support your local Coin Shop
    LM-ANA3242-CSNS308-MSNS226-ICTA
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I would not take much stock in something reported from HSN....Cheers, RickO
  • SmallTownCoinsSmallTownCoins Posts: 688 ✭✭
    That guy can sure lay it on thick :-) LOL
    Support your local Coin Shop
    LM-ANA3242-CSNS308-MSNS226-ICTA
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    I don't think of the Liberty HR as a commemorative.... it does feel like the mid 80s stuff. If it sells at spot down the road then Ill be at near full agreement.
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Hsn guy know for erroneous statements

    He once said a group of proof sets were the lowest price in say, 20, years but the date range was only say, 15, years



    The relevant federal statute calls for a fifty dollar gold coin containing 1 troy ounce of gold


    31 usc 5112

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    They should start offering AGEs in HR!
    theknowitalltroll;
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    The regular bullion AGE's are in low relief requiring only a single strike unlike the American Liberty HR which requires three strikes which is more expensive production cost. Since productions costs are a consideration it's unlikely there will be any change,

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>They should start offering AGEs in HR! >>



    +1
    Avid collector of GSA's.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The striking of AGE's and ASE's is now at the pleasure of the Secretary of the Treasury. If they ended the gold eagle, emphasis would immediately shift to classic 90% 1 oz gold coins or gold Maples, Onza's, Corona's, Philharmonics, etc. All it would do is cut the USTreasury out of the profit loop. 1 oz gold coins are already sort of too big/too costly as it is (ie less divisible). A 2 oz/$100 face coin would make as much sense as a 2 oz bar.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>The regular bullion AGE's are in low relief requiring only a single strike unlike the American Liberty HR which requires three strikes which is more expensive production cost. Since productions costs are a consideration it's unlikely there will be any change, >>



    Just sell the HRs for a higher price, no problemmo.
    theknowitalltroll;
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