Lone Star Tangible Assets (LSTA), an Austin-based firm, has signed a five-year contract with the government of Texas to manage the state’s bullion depository, which will be under the authority of the state comptroller general (currently Glenn Hegar). ...

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Texas: Home of the first state-run bullion depository in the U.S. and more...

Texas: Home of the first state-run bullion depository in the U.S.

The Texas state capitol building, Austin. (Photo by Ed Uthman)

Lone Star Tangible Assets (LSTA), an Austin-based firm, has signed a five-year contract with the government of Texas to manage the state’s bullion depository, which will be under the authority of the state comptroller general (currently Glenn Hegar).

Prior to the law authorizing the Texas Bullion Depository, such facilities were privately owned, with the exception of the massive depositories of the federal government. They tend to be clustered near the New York financial hub, in part because of COMEX requirements that its member depositories be located within 150 miles of New York City. (COMEX is the precious-metals arm of the New York Mercantile Exchange; the merger of the two companies created the largest physical futures exchange in the world.)

One aim of the Texas Bullion Depository is to bring the fees that Texas investors are paying for bullion storage elsewhere back to their home state. Another of the earliest...

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2017-P American Liberty silver medal out-sells 2016 edition

2017-american-liberty-silver-medal-packaging-17xb

CoinWeek.com has reported that the 2017-P American Liberty silver medal, which was released yesterday at noon, sold 26,833 units on its first day of availability. The website obtained the information from Todd Martin, deputy chief of the Mint’s Office of Communications. The figure exceeds the number of 2016 American Liberty silver medals purchased on their first and only day of sales—24,440. But how meaningful is that particular statistic?

Comparing the two sales figures is something of an apples-to-oranges effort. The 2016 edition was subject to a mintage limit of 25,000, so it’s impossible to know how much the demand for the medal exceeded its availability—would it have sold 35,000, had they been available? 50,000? How much did the mintage limit stimulate 2016’s sales? Conversely, how much did the lack of any limit dampen 2017’s? The difference in price points is another confounding factor, as the 2017 medal is $59.95 (with silver hovering around...

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Mint news roundup: Platinum Eagle Proofs, ATB 5-ounce silver, and other news

Mint news roundup

Mint Ekes Out Two More Dates on the Calendar

Through the first half of 2017, the Mint has laid out its calendar one month at a time, as opposed to committing to a full year’s schedule as it has done in the past. Last week the Mint added items to the July calendar—but only through July 11.

The first of two July items now listed is the 2017-W American Eagle platinum Proof coin (17EJ), which is scheduled to go on sale at noon on Thursday, July 6. In recent years, APE Proofs have been issued in multi-year series: Vistas of Liberty (1998–2002), Foundations of Democracy (2006–2008), Preamble to the Constitution (2009–2014), and Torches of Liberty (2015–2016). (A new, three-year series, Preamble to the Declaration of Independence, will commence in 2018.) During non-series years—namely 1997 and 2003–2005—each APE issue has had a unique reverse design.

2017-American-Eagle-platinum-Proof-coin-17ej_e

This year’s issue will not be part of a series, but for the first time, it will repeat a design. In honor of the...

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America the Beautiful–Ozark National Scenic Riverways quarters officially launched

Alleymill

Alley Spring Mill. (Photo by Jimmy Emerson, DVM)

Today marked the Mint’s official launch of the Ozark National Scenic Riverways quarter dollars. The event kicked off with the 11 a.m. launch ceremony at Alley Spring and Mill in the park followed by the noon release of the bags and rolls of Uncirculated coins on the Mint’s website.

One of the area’s most popular photo sites—and the subject of the 38th design in the America the Beautiful quarter series—Alley Mill sits on the Jacks Fork River near Eminence, Missouri. The building, which contains a steel roller mill for grinding wheat into flour, was erected in 1894. According to Aaron J. McKeon (America’s Beautiful National Parks),

Ozark National Scenic Riverways, formed by the Current and Jack Fork Rivers, was the first national park founded to protect a wild river system. The rivers are fed by more than 300 springs, including the largest concentration of first-magnitude springs in the world. A first-magnitude spring has...

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2017 American Eagle 1-oz. gold Uncirculated coin goes on sale June 1

(Photos courtesy of APMEX)

(Photo courtesy of APMEX)

Updated June 22, 2017, to correct the engraver’s name and the fineness. Thank you to the readers who caught the errors!

Updated May 31, 2017, to correct the date in the headline.

Tomorrow (June 1) is the release date for the Mint’s annual American Eagle 1-ounce gold Uncirculated coin (17EH), which will be available from noon Eastern time. The Uncirculated and Proof AGEs are collector versions of the official U.S. Mint American Eagle gold bullion coins, differing with respect to finish and mintmark (which the bullion strike lacks). Each 22-karat (0.9167 fine) gold Uncirculated coin, denominated $50, is enclosed in a clear capsule housed in a blue, Mint-branded box, and comes with a certificate of authenticity.

Hover to zoom. (Single photos courtesy of the U.S. Mint)

(Individual, high-res photos courtesy of the U.S. Mint)

Each coin measures 1.287 inches in diameter (32.7 mm) and has a reeded edge. The obverse design features Augustus Saint-Gaudens’s full-length figure of Liberty with...

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