Last year for Gold Eagle ?

SmallTownCoins

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

derryb

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.

SmallTownCoins

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

ricko

I would not take much stock in something reported from HSN....Cheers, RickO

SmallTownCoins

That guy can sure lay it on thick :-) LOL

meluaufeet

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.

MsMorrisine

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

BAJJERFAN

They should start offering AGEs in HR!

PerryHall

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,

gsa1fan

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



+1

roadrunner

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.

BAJJERFAN

<< <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.