New Us Mint Coins A Golden Opportunity

In April, the U.S. Mint revealed plans , Tips For Finding The Best Loan Rate to strike in early 2006 new .9999 bullion coins to go after the growing world market , When Debt Collectors Cross The Line Bogus Threats Illegalcollection Tactics for .9999 fine (24-karat) gold coins. Studies show that pure gold coins claim , Tips For Finding The Best Loan Rate 60% of the wor's gold bullion coin market, , Choosing The Right Credit Counseling Agency For You Some Tips Part 2 which is some $2.4 billion annually. The Royal Canadian Mi's Maple Leafs hold the number one spot for pure gold coins. However, problems with Maple Leafs have surfaced.

If the Mint avoids the problems that have developed with Gold Maple Leafs, it has a golden opportunity to grab an even bigger share of the gold bullion coin market. , Details Of The Chase Business Rebate Card Application The U.S. Mi's American Gold Eagles are the best selling , Cold Sectors Why Utilities And Cyclical Stocks May Be In Trouble March 17 2006 22-karat gold coins in the world.

Despite being the wor's best-selling 24-karat gold coins, 1-oz Maple Lea' design and packaging leave them susceptible to damage. As a result, Gold Maple Leafs have fallen in disfavor among U.S. gold bullion coin investors. , Mortgage Net Branch Brokerages Indications are that gold bullion coin investors , Ten Steps To Debt Elimination worldwide have the same frustrations with 1-oz Gold Maple Leafs.

It is nearly impossible to remove, inspect, and put 1-oz Gold Maple Leafs back in their tubes without scratching them, no matter how carefully done. Gold Maple Leafs have smooth, clear fields around Queen Elizabe's likeness and sharp milled edges. As the coins are put back in their tubes, the edges scratch the fields--and sometimes the Que's raised image.

And, Heaven forbid that a 1-oz Gold Maple Leaf is dropped on a floor or even a hard tabletop. But, most of the damage is done when investors , Completely Free International Pin Based Debit Cards handle the coins. If Gold Maple Leafs are handled roughly, as investors , Choosing The Right Credit Counseling Agency For You Some Tips Part 2 are used to handling Krugerrands and Gold Eagles, Gold Maple Leafs are easily damaged. Consequently, many badly damaged Gold Maple Leafs have come back into the secondary market. , Details Of The American Express Green Card Application

Until a few years ago, Gold Eagles and Maple Leafs sold at the same markups over spot. But, as Maple Leafs, which investors , Consolidation Loans Your Best Friend In Trouble have bought since 1979, started coming into the secondary market, , A Penny For Your Stocks problems surfaced. Now, to keep investors , Adverse Credit History A Real Party Pooper in the U.S. market , How To Choose A Uranium Stock buying Maple Leafs, the Royal Canadian Mint has to offer new (current year) Gold Maple Leafs at a half-a-percent below Gold Eagle prices. , Stock Market 101 Lesson 3 A Closer Look At Shares

Damaged 1-oz Gold Maple Leafs are such a problem that one important secondary market , Finding The Loan Uk That Meets Your Needs maker stopped dealing in the coins for a while. The head trader said he did not have time to discuss with buyers , Ten Steps To Debt Elimination and sellers the conditions of the coins. Further, he said his staff did not have time to inspect each coin and classify it as to the amount of damage. It is commonplace for sellers to say the coins are i'perfect conditio' Yet when Gold Maple Leafs arrive, they often are badly scratched or rim nicked.

Another major bullion dealer (perhaps the nati's largest) currently buys , Preparing For Mortgage Loans bac'perfe' Gold Maple leafs from established dealers at a little over spot, which means investors , Tired Of Being Brokelearn How To Force Banks To Give You Money receive less than spot if their dealers unload to this firm. For scratched or damaged coins, this firm pays , Tired Of Being Brokelearn How To Force Banks To Give You Money less than spot, which enables the firm to send the coins to a refinery at a profit if the firm has no buyers , Bill Consolidation Company The Best Time To Consolidate Debts for Gold Maple Leafs.

The secondary dealer returned to trading , Finding The Loan Uk That Meets Your Needs Gold Maple Leafs but buys , Credit Reports Why Your Credit Score Is Important all them only at prices , Low Credit Score Mortgage Refinance Refinance Loans For Allcredit Types that enable him to profitably melt the coins if they are really beat up. As noted, because of the problem with secondary market , Stock 101 Lesson 3 A Closer Look At Shares Gold Maple Leafs, the Royal Canadian Mint has to price , The Disadvantages Of Student Credit Cards Gold Maple Leafs below Gold Eagles to entice investors , How To Get A Home Mortgage to take Gold Maple Leafs in the U.S. market. , Airline Miles Credit Cards Are They Necessary

Luckily--the free market , The Disadvantages Of Student Credit Cards being what it is--there are dealers who will take the time to evaluate Gold Maple Leafs and pay , Surviving A College Loan more for the ones in better condition. Still, the spread (the difference between what an investor , A Step By Step Guide To Consolidate Your Debt Yourself can buy , Title Loans Backed By Your Vehicle Is A Good Instant Loan Option and sell for at any moment) o'perfe' Gold Maple Leafs is about $4 wider than on Gold Eagles. However, the U.S. Mi's new 24-karat gold coins need not be problem coins.

For example, the 1-oz Austrian Philharmonics and The Perth Mi's 1-oz coins are .9999 fine. Yet, these coins are not easily damaged during normal handling because of their designs and/or their packaging.

Philharmonics come ten to a tube and can be taken out and put back in their tubes without scratching. The Perth Mint coins come individually encapsulated in hard plastic capsules. As long as Perth Mint coins remain in their capsules, they maintain their perfect conditions.

Hopefully, the U.S. Mint knows of the problems with Gold Maple Leafs and will design its new .9999 fine coins and their packaging so that the coins are not easily scratched or damaged. If the Mint opts to go with packaging its new coins in tubes, as it does Gold Eagles and as Philharmonics are packaged, then the Mint needs to avoid milled edges.

Although Gold Eagles have milled edges, old U.S. gold coins ($20 Libs and St. Gaudens) were minted with lettering on the edges. So, lettering is not new to the U.S. Mint. With lettering, the edges can be smooth, making the coins less likely to scratch other coins in handling. Philharmonics, which are not prone to damage, have lettering on their edges.

[Over the centuries, mints learned to design gold coins to guard agains'shavin' a process by which a small amount of metal i'shav' from the edges. Milled edges that have been shaved are clearly detectible. Light lettering on the edges solves the problem as well. If no lettering can be seen on coins that are known to have been minted with lettering, then the coins have been shaved and no longer have their original gold content.]

As do Maple Leafs, Perth Mint .9999 fine gold coins have milled edges and carry a likeness of Queen Elizabeth II on the obverse (front). However, to protect its coins from damage, The Perth Mint encapsulates them in plastic capsules. When Perth Mint bullion coins are removed from their capsules and put in tubes, the coins are susceptible to scratching as are Maple Leafs.

In going after a piece of the $2.4 billion .9999 fine gold bullion coin market, , How To Get A Squeaky Clean Credit Report the Mint needs to consider the mindset of bullion coin investors. , Choosing The Right Credit Counseling Agency For You Some Tips Part 2 Bullion coin investors , Secured Loan An Easy Way To Get Cheap Credit seek alternatives to paper money; they are not coin collectors. Bullion coin investors , Stock Market 101 Lesson 3 A Closer Look At Shares prefer coins packaged so that they can be easily stored and secured.

This means the Mint should package the coins twenty to a tube, which has become--primarily because of Gold Eagles--the preferred method. Five tubes conveniently total one hundred coins. Further, the tubes should be made of the same durable plastic from which Gold Eagle tubes are made. Hard plastic tubes, such as those used for Philharmonics, can and do break when dropped. Gold Eagle tubes, on the other hand, are virtually indestructible.

For protection agains'shavin' the Mint should design its new coins with lettered edges. Lettered edges would make the coins much less susceptible to scratching.

The Mint is going after the bullion coin market, , Ten Steps To Debt Elimination and bullion investors , Details Of The Chase Business Rebate Card Application like to feel and heft their coins. Packaging the coins in tubes enables investors , Preparing For Mortgage Loans to more easily inspect their coins. Collectors, on the other hand, want their coins in as pristine condition as possible. Although capsules are excellent for protecting collector coins, coins individually packaged in capsules require more space for storage. The other aspect that the Mint has to consider is the co's theme.

The Mint should make the theme something uniquely American, as it did with its American Eagles coins. For the Gold Eagles, the Mint chose a slimmed-down rendition of Augustus Saint-Gaude' famed Standing Liberty, which he created in 1907 to grace a new Double Eagle ($20 gold coin). Nearly one hundred years later, the Saint Gaudens, which the coin is now called, is viewed as the most beautiful coin produced by the U.S. Mint.

For its Silver Eagles, the Mint chose A. A. Weinm's Walking Liberty design, which was used on half-dollars 1916-1947. Walking Liberty halves are among the most popular silver coins ever turned out by the U.S. Mint. Judging by the success , Consolidation Loans Your Best Friend In Trouble of the Silver Eagles program (more than 128 million sold since their inception), putting the Walking Liberty on Silver Eagles was the right move.

Some may argue that the Standing Liberty and the Walking Liberty designs are being used in the American Eagles program, and, therefore, the Mint should go onto another design. However, the Standing Liberty and the Walking Liberty are immediately identified as American by the wor's bullion coin buyers. , Airline Miles Credit Cards Are They Necessary Besides, is not Miss Liberty as much our nati's icon as is the eagle?

If the U.S. Mint avoids the problems that have surfaced with Gold Maple Leafs and offers gold bullion coin investors , Credit Protection The Best Offense Is A Good Defense a strong alternative, then it has a golden opportunity to capture a big share of the .9999 fine gold bullion market. , How To Get Started With Home Refinancing With the right planning, the Mint could shake the Maple Le's hold on the .9999 bullion coin market. , The Benefits Of Secured Loans

Bill Haynes heads CMI Gold & Silver, one of the nati's oldest precious metals dealers. See his website at www.cmi-gold-silver.com.