Collectors are Excited for 2012! Here’s the Yearend Review and Preview.
Alright folks, the holiday season is finally complete and we can once again continue our somewhat normal lives. With the beginning of every year, important news about U.S. coinage makes its way into the marketplace. Coin collectors anxiously await their opportunity to collect the newest issues in the American Eagle Bullion program and begin discovering what exciting things the Mint has on their agenda for the new year. As always, any information will sent to our Coin Advisor Insiders so you will always be up to speed on the latest.
First, let us review a couple important things for 2012. Numismatic coins had an overall great year. Most programs flourished and many sold out, while a couple had some very rough patches. This could be in part due to the fact that the Mint released more Silver products this year than any other year in history making it more difficult for collectors to stay on top of it all.
Coin show, retail and online trading had been at exceptional levels. This may be a sign that our economy is taking a positive turn. Silver is even more enticing in 2012 after it recently became more affordable. Overall, Silver finished down 8% on the year. Back in April of 2011, Silver hit $48.78. Many experts currently feel Silver is undervalued. Gold had a gain of nearly 12%, stretching the annual gain run to 11 straight years.
Looking forward to 2012, we expect yet another exciting year of product from the Mint. With 2012, there could also be some very big changes happening in U.S. coinage that could hinder our ability to finish some collections. There have been over two dozen bills submitted to Congress regarding U.S. coinage. Some bills are aimed to optimize the way we can utilize our abundant supply of presidential dollars, while other bills aim to suspend and even discontinue the presidential dollar program. In a recent Blog Post, we elaborated on this subject, click here to read more. Two bills expected to pass would allow the production for
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