United States Mint Launches Armed Forces Silver Medal Program on June 22

Air Force Silver MedalWASHINGTON – The United States Mint (Mint) will open sales for the first release in its United States Armed Forces Silver Medal Program on June 22 at noon EDT. The medal honors the U.S. Air Force.

Designs featured on this medal are emblematic of the history and mission of the U.S. Air Force. The obverse (heads) depicts a fighter jet pilot, flying alongside F-22 fighter jets with a stylized landscape below. The inscription is “U.S. AIR FORCE.” United States Mint Artistic Infusion Program (AIP) Designer Paul C. Balan created the design, which was sculpted by United States Mint Medallic Artist Phebe Hemphill.

The reverse (tails) features a dynamic perspective of the three spires of the Air Force Memorial, with one of the spires piercing the border of the medal into the beyond. Surrounding the memorial are members of the U.S. Air Force Honor Guard in ceremonial assembly. The core values of the Air Force are inscribed around the border, with “INTEGRITY FIRST” in the top position, flanked by “SERVICE BEFORE SELF” on the left and “EXCELLENCE IN ALL WE DO” on the right. AIP Designer Jamie Franki created the design, which Ms. Hemphill also sculpted.

Medals in the Armed Forces Silver Medal Program weigh 2.5 ounces, are two inches in diameter, and are struck in 99.9 percent fine silver. Each medal is encapsulated and comes with the Mint’s Certificate of Authenticity.

The Air Force Silver Medal is priced at $160. To set up a REMIND ME alert for this product, visit https://catalog.usmint.gov/united-states-air-force-silver-medal-2.5-ounce-S20MA.html?cgid=null&q=silver%2520medals&navid=search#q=silver%2520medals&start=1 (product code S20MA). To view the Mint’s complete portfolio of medals, please visit https://catalog.usmint.gov/shop/medals/.

Anticipated future releases in the Armed Forces Silver Medal Program include medals honoring the Coast Guard, U.S. Navy, U.S. Marine Corps, and the U.S. Army. Bronze versions of the medals will be available in subsequent years.

Note: To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date and time of June 22, 2021, at noon EDT.

To reduce the risk of employee exposure to COVID-19 in the workplace, the Mint’s sales centers are closed until further notice. Please use the United States Mint catalog site https://catalog.usmint.gov/ as your primary source of the most current information on product and service status.

SS Central America Foreign Gold Coins Set Record Prices in Goldberg’s Auction

(Los Angeles, California) June 16, 2021 – The allure of coveted treasure from the fabled “Ship of Gold,” the SS Central America, resulted in record bids of up to eight times pre-sale estimates for 76 world gold coins in an auction conducted by Ira and Larry Goldberg in Los Angeles and online on June 15, 2021.

“This was the first time these treasure coins recovered from the SS Central America in 2014 were offered in the marketplace. All sold without reserves to different buyers from all over the world. The sale was like the old days: bidding from all over the place and very strong prices, including record prices for date and grade for every coin,” said Larry Goldberg, President of Goldberg Coins and Collectibles, Inc.

Recovered from the SS Central America, this first year of issue Australia 1855 Sydney Mint gold Sovereign (Fr-9; KM-2, PCGS MS-62+) sold for $55,200 against a pre-sale estimate of $25,000 in an auction by Goldberg Coins & Collectibles, June 15, 2021. Photo credit: Professional Coin Grading Service.

“The bidding was over the top with collectors and dealers competing to buy these coins from the famous shipwreck,” Goldberg added.

Among the highlights of the “Treasure from the SS Central America – World Gold” auction:

  • Australian 1855 Sydney Mint gold Sovereign, Fr-9; KM-2, graded PCGS MS-62+, made during the first year of that mint’s operations, sold for $55,200 against a pre-sale estimate of $25,000.
  • An 1856 Sydney Mint Sovereign, Fr-9; KM-2, PCGS AU-58, brought $31,200 compared to its $12,500 estimate.
  • Estimated at $500, a Costa Rica 1855 JB 1/2 Escudo, Fr-10; KM-97, PCGS MS-63, sold for eight times that amount at $4,080.
  • Great Britain 1852 Queen Victoria Sovereign, S.3852D; Fr-387e; KM-736.1, PCGS MS-63+; estimated at $1,250 sold for $4,080.
  • Netherlands 1840 (Utrecht) King Willem I 10 Gulden, Fr-327; KM-56, PCGS MS=63+, sold for $3,120 against an estimate of $1,000.

The oldest-dated gold piece recovered from the famous ship, Spain King Ferdinand VII 1809 (Seville) Draped Bust 2 Escudos, Fr-304a; KM-456.1, PCGS AU-50, was estimated at $600 but brought $3,600.

The prices realized include a 20 percent buyer’s premium. Certified by PCGS, the coins were each encapsulated in specially-produced and labeled holders that contain a pinch of recovered S.S. Central America gold dust in a separate compartment.

Estimated at $500, this SS Central America sunken treasure Costa Rica 1855 JB 1/2 Escudo (Fr-10; KM-97, PCGS MS-63) sold for eight times that amount at $4,080 in an auction, June 15, 2021, conducted by Goldberg Coins & Collectibles. Photo credit: Professional Coin Grading Service.

The coins were consigned by California Gold Marketing Group which purchased the rights to all of the SS Central America treasure recovered in 2014 as well as more than 90 percent of the treasure retrieved during expeditions decades earlier.

“The SS Central America pedigree is perhaps the single most important pedigree in numismatics, covering coin collecting, the Old West and the California Gold Rush, as well as the lure of the sea and sunken treasure,” stated Dwight Manley, Managing Partner of California Gold Marketing Group.

“Combining that with the Goldberg’s exquisite, award-worthy catalog with its unparalleled descriptions and an introduction by Bob Evans, the chief scientist on the 1988-1991 missions that first located and recovered portions of the fabulous treasure and led the 2014 recovery, resulted in such a fantastic sale,” said Manley.

This 1852 Great Britain Queen Victoria Sovereign (S.3852D; Fr-387e; KM-736.1, PCGS MS-63+) recovered from the SS Central America in 2014 had a pre-sale estimate of $1,250 but sold for a record $4,080 in the June 15, 2021 auction by Goldberg Coins & Collectibles. Photo credit: Professional Coin Grading Service.

The SS Central America was a 280-foot long, three-masted side-wheel steamship carrying tons of California gold that had been shipped from San Francisco to Panama when she sank in a hurricane on September 12, 1857 during the final leg of a voyage from Aspinwall (now Colón), Panama to New York City. The tragedy took the lives of 420 of the ship’s 578 passengers and crew members, and the loss of the gold cargo was a major factor in the economically devastating financial panic of 1857 in the United States.

The treasure was recovered from the seafloor of the Atlantic, 7200 feet down about 150 miles off the North Carolina coast.

For additional information about the auction, contact Goldberg Coins and Collectibles by phone at (310) 551-2646, by email at info@GoldbergCoins.com and online at www.GoldbergCoins.com.

Coin and Bullion Dealers, Tell Congress to Support Changes to AML Act of 2020

The Anti-Money Laundering Act of 2020 became law on January 1, 2021, and Congress is currently developing many specific regulations related to the act. Several components of the new law that are still to be finalized will directly impact the numismatic and bullion industry, including:

  • Raising the minimum threshold for reporting “Currency in excess of $10,000 received in a trade or business,” (Form 8300) from $10,000 to a higher amount.
  • Raising the threshold for needing an Anti-Money Laundering program in place from $50,000 (both buying $50,000 and selling $50,000 of “Cover Goods” during a year) to a higher amount.
  • Clarifying the reporting requirements for and minimizing the impact of the Corporate Transparency Act on your business. This is the most complex component of the new AML Act.
  • Finally, ancient coins dealers should be concerned about the definition of an “antiquity” and what reporting thresholds should apply. The Global Heritage Alliance, a group that advocates for stakeholders in the antiquities industry, is taking the lead on the Antiquities component of the new AML Act of 2020.

NOW IS THE TIME TO TAKE ACTION

NCBA has created sample letters for you to send to Congress that point out the burdens placed on small business owners they can address as these regulations are decided. The window of opportunity to help shape the final regulations will close soon, so please use the provided letters to contact your representative and senators TODAY.

To find your US representative, visit https://www.house.gov/representatives/find-your-representative.

To download the sample letter to your representative, visit https://bit.ly/2T8KyHg.

To find your US senators, visit https://www.senate.gov/senators/senators-contact.htm.

To download the sample letter to your senators, visit https://bit.ly/3wa5NHa.

For further information, read The Anti-Money Laundering Act of 2020 at https://bit.ly/2Sbq0xL.

United States Mint Announces Additional Honorees In American Women Quarters™ Program

WASHINGTON – The United States Mint (Mint) is pleased to announce the addition of the following women to be honored during the first year of the American Women Quarters™ Program:

  • Wilma Mankiller – the first female Principal Chief of the Cherokee Nation and an activist for Native American and women’s rights;
  • Adelina Otero-Warren – a leader in New Mexico’s suffrage movement and the first female superintendent of Santa Fe public schools; and
  • Anna May Wong – the first Chinese American film star in Hollywood, achieving international success despite racism and discrimination.

Designs reflecting the achievements of Mankiller, Otero-Warren, and Wong, along with those of celebrated author Maya Angelou and trailblazing astronaut Dr. Sally Ride, will be featured on circulating and numismatic American Women Quarters Program coins beginning in 2022.

“Courageous women have made countless contributions throughout our great Nation’s history,” said Mint Director David J. Ryder. “The American Women Quarters Program is a unique opportunity to honor a broad and diverse group of women whose achievements, triumphs, and legacies reflect the strength and resilience of our Nation. We look forward to sharing their stories.”

Authorized by Public Law 116-330—the Circulating Collectible Coin Redesign Act of 2020—the American Women Quarters Program will feature coins with reverse (tails) designs emblematic of the accomplishments and contributions of prominent American women. Contributions may come from a wide spectrum of fields including, but not limited to, suffrage, civil rights, abolition, government, humanities, science, space, and the arts. The women honored will come from ethnically, racially, and geographically diverse backgrounds. As required by the Public Law, no living person will be featured in the coin designs, and thus all the women honored must be deceased. The Mint will issue up to five coins with different reverse designs annually over the four-year period from 2022 through 2025.

The obverse (heads) of coins in the American Women Quarters Program will continue to feature a likeness of George Washington designed in a manner to distinguish it from the current image.

As stipulated by the Public Law, the Secretary of the Treasury selects the women to be honored following consultation with the Smithsonian Institution’s American Women’s History Initiative, the National Women’s History Museum, and the Congressional Bipartisan Women’s Caucus.

The public is invited to submit recommendations for women to be honored via the following web portal established by the National Women’s History Museum: https://forms.gle/3BgR3BLbFfJ69XdYA.

The Mint will release additional details about the American Women Quarters Program in the coming months.

American Innovation® $1 Coin Products Honoring New Hampshire Available Beginning June 15

WASHINGTON – The United States Mint (Mint) will accept orders for products containing American Innovation $1 Coins honoring New Hampshire starting on June 15 at noon EDT. Coins in these products are uncirculated quality from the Mint’s Philadelphia and Denver facilities. Product options and pricing are below.

PRODUCT CODE PRODUCT OPTION PRICE
21GRA 25-Coin Roll–P $34.50
21GRE 25-Coin Roll–D $34.50
21GBA 100-Coin Bag–P $117.50
21GBE 100-Coin Bag–D $117.50

The American Innovation $1 Coin Program is a multi-year series featuring distinctive reverse (tails) designs that pay homage to America’s ingenuity and celebrate the pioneering efforts of individuals or groups from all50 states, the District of Columbia, and the U.S. territories.

New Hampshire’s $1 Coin recognizes Ralph Baer’s invention of the first home video game console. The coin’s reverse depicts Baer’s brown box game “Handball” on the right side of the coin, with the inscription “UNITED STATES OF AMERICA.” The left side of the coin features the inscriptions “NEW HAMPSHIRE” and “PLAYER 1” on an incused background. “IN HOME VIDEO GAME SYSTEM” and “RALPH BAER” encircle the outside of the coin in a text that is meant to pay homage to Ralph Baer’s Odyssey game. The design is also symbolic of an arcade token.

The obverse (heads) of American Innovation $1 Coins features a dramatic representation of the Statue of Liberty in profile with the inscriptions “IN GOD WE TRUST” and “$1.” The obverse also includes a privy mark of a stylized gear, representing industry and innovation.

The year of minting or issuance, the mint mark, and “E PLURIBUS UNUM” are incused on the edge of the coin.

To sign up for a REMIND ME alert for the bags and rolls of New Hampshire American Innovation $1 Coin product options, visit https://catalog.usmint.gov/american-innovation-1-coin-2021-rolls-and-bags—new-hampshire-MASTER_INNOVATIONNH.html.

Additional products in the American Innovation $1 Coin Program are available at https://catalog.usmint.gov/coins/coin-programs/american-innovation-dollar-coins.

To reduce the risk of employee exposure to COVID-19 in the workplace, the Mint’s sales centers are closed until further notice. Please use the United States Mint catalog site https://catalog.usmint.gov/ as your primary source of the most current information on product and service status.

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