ClemmerGilpin586

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New .9999 fine 24 karat 1-oz legal tender 50 gold coins will be added to the U.S. Mints line of gold bullion coins in 2006 when President Bush indicators into law a bill that Congress passed in December. The legislation calls for the Mint to have the coins ready to distribute by June 2006, but the coins could be prepared prior to then. The legislation authorizing the new .9999 fine gold coins was fairly distinct, mandating the design and even the technique of packaging. For the 1st year of issuance, the coins shall bear the original designs by James Earle Fraser, which seem on the five-cent coin frequently referred to as the Buffalo nickel or the 1913 Type 1. This wording, without specifically saying it, calls for the obverse front of the coins to carry the famed Indian Head style by Fraser. The reverse will carry the equally-famed buffalo style. Every Indian Head-Buffalo coin is to be encased in a protective capsule, possibly such as the capsules utilized by Australias Perth Mint to protect its .9999 fine gold bullion coins, which includes the well-liked restricted edition Lunar Series Gold Bullion Coins. The protective cases shall be readily distinguishable from the packaging for proof coins, which are also authorized by the bill. For years, proof coins have been individually encapsulated in protective situations. Individually encapsulating bullion coins will be new to the U.S. Discover additional info on site link by going to our prodound use with. Mint. The Mints 22-karat .9167 fine American Gold Eagles, which are the worlds greatest-selling gold bullion coins, are packaged twenty to a tube and are not individually encapsulated. Production of the Indian Head-Buffalo coins will be unlimited, and they will be marketed toward gold investors who choose .9999 fine 24-karat gold coins. The U.S. Mint already has the worlds best-promoting gold bullion coins with its 22-karat .9176 fine Gold Eagles. Nevertheless, there is a enormous industry for pure gold coins, and the new Indian Head-Buffalo coins will give the U.S. Mint a product for that market. The Asian and Indian markets clearly prefer pure gold coins, while alloyed gold coins are a lot more common in the Western Planet. Presently, the Royal Canadian Mints .9999 fine Gold Maple Leafs are the worlds very best selling pure gold coins. Nevertheless, the Gold Maple Leafs have fallen into disfavor with investors due to the fact of the ease with which they are damaged. To counter this, the Royal Canadian Mint not too long ago introduced new packaging for the 1-oz Gold Maple Leafs. The new packaging for the 1-oz Gold Maple Leafs will put the coins individually in capsules that are suspended in credit card sizes cards, twenty-five coins to a box. It is also early to gauge market place acceptance of the new packaging for the Gold Maple Leafs. Thinking about the acceptance of the of Indian Head-Buffalo style, the U.S. Mints new .9999 fine gold coins could give stiff competition for the Gold Maple Leafs. Frasers patterns proved to be a winner in 2001 when the U.S. Mint produced a restricted quantity of Indian Head-Buffalo 1 silver coins sets. The sets sold out instantly and today carry prices several occasions their initial offering prices. The new Indian Head-Buffalo .9999 fine gold coins, nevertheless, will not be limited edition, at least not the first year. The bill permits the Mint to adjust the optimum number of coins issued in subsequent years. Additional, the bill authorizes the Mint to alter the styles on either the obverse or the reverse following the first years production. Even though the U.S. Mint generates its popular American Gold Eagles in four sizes, 1-oz, -oz, -oz, and 1/ten-oz, the new Indian Head-Buffalo pure gold coins will be minted in only a single size: 1-ounce. With the well-known Indian Head and Buffalo patterns, the Mints new .9999 fine gold coins could swiftly become favorites with gold coin investors..