This year is the 100 year anniversary of the introduction of the Peace Dollar. In 1921 the US mint produced both the Morgan silver dollar and the Peace silver dollar coin.
To commemorate the centennial the US Mint will be issuing both of these coins this year.
The US Mint has announced that the new commemorative 2021 Morgan and Peace dollars.
There will be 5 distinct variations of the 2021 Morgan Silver Dollar. Each coin is to be minted of .858 troy ounces of .999 fine silver. The coins will all have an uncirculated, or “burnished” finish.
2021 Morgan Silver Dollar – Philadelphia Mint with “O” privy mark on the reverse
2021 Morgan Silver Dollar – Philadelphia Mint with “CC” privy mark on the reverse
2021 Morgan Silver Dollar – San Francisco Mint with “S” mint mark on the reverse
2021 Morgan Silver Dollar – Denver Mint with “D” mint mark on the reverse
2021 Morgan Silver Dollar – Philadelphia Mint with no mint mark or privy mark on the reverse
The 2021 run will be a limited mintage run of 175,000 of each Morgan Silver Dollar coin type, mint mark or privy mark.
The 2021 Peace Dollar will be produced without any mint mark or privy mark on the reverse. This is usually indicative that the coins will be produced at the Philadelphia mint location.
The 2021 Peace Dollar will have a limited mintage of just 200,000 coins total.
The US Mint has announced that these coins will go on sale via their website beginning June 7, 2021 at noon eastern time.
You can sign up on the US Mint website to receive reminders on the day these are released.
There is a lot of buzz surrounding the release of these commemorative coins.
With a release price of $85 per coin, there is a very good chance that they will sell out within minutes of becoming available, with the true value being driven by the collectors market.
Spot price is the paper trading price for a COMEX futures contract of 5,000 troy ounces of silver.
One way to think about it is like barrels of oil. A barrel of crude oil contains 42 US gallons and is trading at around $65 per barrel, or roughly $1.57 per gallon.
So why is the price of gas at my local gas station higher than $1.57 per gallon?
There is a markup that comes at each step in the supply chain before it reaches the consumer.
Let’s say that a private mint like Scottsdale Mint buys a 5,000 ozt contract from COMEX and takes delivery.
There are costs to take delivery of the raw product, including transportation, security, settlement costs, etc.
The delivery will most likely consist of five 1,000 ozt bars.
The next step is to cut up a 1,000 ozt into pieces that can be melted down or to feed into an extrusion line.
Labor costs, cost to operate the furnace, equipment costs, etc.
Once the bar is in liquid form it can then be poured into molds to form bars. Or if the mint is using extrusion, into sheets or extruded bars, etc.
After that it needs to be weighed and stamped or pressed then packaged up to be sent to wholesalers or retailers.
The wholesaler will need to pay the mint for the manufacturing costs plus their profit and the cost of transportation from the mint to the wholesalers warehouse or depository.
The wholesaler then incurs costs to warehouse the metal, employ people to take orders, and pack and ship to retailers.
The retailer will pay for the metal plus the profit margins the wholesaler needs, the transportation costs from the wholesaler to their warehouse, depository or retail store.
Then the retailer has overhead costs. Rent, employees, utilities, etc.
They also need to make a profit if they are going to stay in business.
Each step along the supply chain adds additional cost.
These costs are all factored into the premium, which is why it costs more than spot price to buy silver.
The American Silver Eagle Coin was created by the US Mint in 1986 to establish a way to encourage the private ownership of precious metals.
Silver Eagles are issued in both bullion and proof versions. Bullion versions are intended for investment and have higher mintages, while proof versions are produced annually, the mint has issued a variety of special finishes. The American Silver Eagle bullion coin is minted based on monthly sales demand. The mintage figures for proof Silver Eagles are significantly lower.
It’s important to note that while mintage figures can provide insights into the popularity and production levels of a coin, they are not the only factor that influences a coin’s value. Collectors also consider factors like the coin’s condition (graded or ungraded), rarity, and overall demand in the market.
American Eagle Silver Coin Yearly Mintage Figures
Year
Bullion
Proof
Uncirculated (Burnished)
1986
5,393,005
1,446,778
1987
11,442,335
904,732
1988
5,004,646
557,370
1989
5,203,327
617,694
1990
5,840,110
695,510
1991
7,191,066
511,924
1992
5,540,068
498,543
1993
6,763,762
405,913*
1994
4,227,319
372,168
1995
4,672,051
407,822
1995-W
30,125
1996
3,603,386
498,293
1997
4,295,004
440,315
1998
4,847,549
450,728
1999
7,408,640
549,330
2000
9,239,132
600,743
2001
9,001,711
746,398
2002
10,539,026
647,342
2003
8,495,008
747,831
2004
8,882,754
801,602
2005
8,891,025
816,663
2006
10,676,522
1,092,477
466,573
2006-P Rev Pr
248,875
2007
9,028,036
821,759
621,333
2008
20,583,000
700,979
533,757
2009
30,459,000
0
0
2010
34,764,500
849,861
0
2011
40,020,000
847,473
409,766
2011-S
99,882
2011-P Rev Pr
99,882
2012
33,742,500
832,779
226,120
2012-S
281,792
2012-S Rev Pr
224,935
2013
42,675,000
934,331
221,981
2013-W
235,689
2013- W Rev Pr
235,689
2014
44,006,000
894,614
253,169
2015
47,000,000
696,001
200,016
2016
37,701,500
595,664
216,422
2017
18,065,500
(W) – 389,994 (S) – 123,906 3
176,739
2018
15,700,000
(W) – 352,141 (S) – 158,761
138,947
2019 1
14,863,5001
(W) – 319,086 (S) -146,735
138,140
2019-W Rev Pr
99,911 4
2019-S Enh Rev Pr
29,8232
2020 5
30,089,500
(W) – 357,048 (S) – 146,729 (W) v75 – 75,0006
(W) 154,261
2021 7
Type 1 – 25,675,500 Type 2 – 2,599,500
Type 1 – 299,509
(S) Type 2 – 238,454
(W) Type 2 – 311,982
Type 1 – 174,470
Type 2 –
2022
15,963,500 8
(W) 499,070
(S) 200,937
(W) – 160,025
2023
24,750,000 9
(W) 436,375 23EA
(S) 177,647 23EM
(W) 137,018 23EG
2024
10,802,000 10
(W) 243,182 24EA
(S) 24EM
(W) 24EG
American Silver Eagle History
The Liberty Coin Act of 1985 established the bullion coin program and directed the US Mint to create the first American Silver Eagle coins in 1986 and played a pivotal role in establishing the U.S. as a major player in the global bullion market. The primary objective was to authorize the U.S. Mint to produce gold and silver bullion coins for private investors to provide trusted precious metal coins for investment.
The Act was also part of a broader initiative that included reductions to the Defense National Stockpile of silver and to provide an avenue for individuals to invest in physical gold and silver as a means of diversifying their portfolios while providing an official means for Americans to own precious metal coins directly backed by the U.S. government.
This source of silver was depleted during the early 2000’s and the law was amended to allow the U.S. Mint to purchase silver on the open market to continue the Silver Eagle program.
American Eagle Silver coins are a trustworthy and easily recognizable investment choice that offer an accessible and trusted avenue to buy physical and own silver coins. The backing of the U.S. government for weight, content, and purity further bolsters investor confidence in these coins, ensuring high liquidity in the bullion market.
The law set initial design specifications and standards for the Silver Eagles that includes:
The coins will be 40.6 millimeters in diameter and weigh 31.103 grams
Each coin will contain .999 fine silver
Each coin will feature a design symbolic of Liberty on the obverse side and of an eagle on the reverse side
Each coin will be inscribed with the of the year of minting or issuance, the words ‘Liberty’, ‘In God We Trust’, ‘United States of America’, ‘1 Oz. Fine Silver’, ‘E Pluribus Unum’, and ‘One Dollar’
Each coin will have reeded edges
During its initial mintage years, mintage totals were low due to lack of investor awareness. When the financial crisis and recession of the early 2000’s occurred, investor demand for American Eagles as a safe-haven assets skyrocketed with more than 10 million silver bullion coins were minted for the first time in 2002.
Throughout the 2008 financial crisis, demand for American Silver Eagles soared as the housing bubble expanded and collapsed, with mintage figures in most years surpassing 20 million coins.
The year 2020 brought significant disruption in the supply chain due to shutdowns caused by the COVID-19 pandemic. As a result, the United States Mint temporarily suspended Silver Eagle production, and mintage figures for 2020 were lower than usual before rebounding from the disruptions in 2021.
Rare Mintages and Collectible Silver Eagle
While these coins were created primarily for investment purposes, they also cater to collectors for their aesthetic appeal. Over the years, the U.S. Mint has released Proof Silver Eagles, Uncirculated or Burnished and special editions of these coins that have become highly sought after by numismatists.
Many collectors want to buy American Silver Eagle coins from each mintage year to build a complete set. Some dealers also sell a complete set of Silver Eagles with coins featuring coins from each mintage encapsulated and graded by third-party services like NGC & PCGS.
For many collectors, the most coveted coin is the debut 1986 Silver Eagle. As the inaugural issue of this series, this coin holds a special place for many collectors.
The lowest mintage to date is the 1996 Silver Eagle Bullion Coin. The US Mint produced just 3.6 million Silver Eagle coins dated that year. Even coins in poor condition can fetch high premiums.
The value of some Silver Eagle $1 Coins keep rising due to their rarity and demand from collectors and numismatists. Recent auctions reflect some of the higher numismatic premiums for these rare Silver Eagle coins.
The 1995-W Proof Silver Eagle is perhaps the most famous and desired of all Silver Eagle coins. It was only included as part of the 10th-anniversary Gold Eagle Set and is the rarest Silver Eagle with a mintage of only 30,125.
Issued to mark the 20th anniversary of the Silver Eagle program, the 2006-P Reverse Proof Silver Eagle features a unique reverse proof finish. It was only available as part of a special three-coin set.
The 2008-W Burnished Silver Eagle with Reverse of 2007 variety was an unintentional error where the U.S. Mint used the 2007 reverse die in 2008. It’s distinguished by the absence of a serif on the “U” in “United.”
In 2011, the US Mint issued the 2011 25th Anniversary Set and is highly sought after because it included a reverse proof coin and an S-minted uncirculated coin as part of a five coin set.
The release of the 2019-S Enhanced Reverse Proof American Silver Eagle coin in November was met by incredibly high demand due in part to its limited mintage.
The mintage was limited to only 30,000 coins making it the lowest mintage of any variety of American Silver Eagle coin produced to date. The 2019-S Enhanced Reverse Proof American Eagle Silver coin sold out from the US Mint website in under 15 minutes.
During the 2020 mintage year the West Point Mint was closed for the period from April 15 until April 21. During a similar period, from April 8 to April 20, the U.S. Mint added silver American Eagle production to Philadelphia and produced 240,000 Silver Eagle Bullion Coins at that location.
These 2020 (P) Emergency Production Silver Eagles were issued without a mint mark. The only identifying markings were available on Monster Boxes. Some Monster Boxes that were certified as originating at the Philadelphia Mint have been cataloged and authenticated by various third-party grading services including NGC and PCGS.
Silver Eagles that have been graded by professional grading services, like the Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS), and have received high grades (e.g., MS-70 or PF-70) can be especially sought after. First Strike or Early Release designations can also add to their desirability.
Burnished Silver Eagles are uncirculated coins, sometimes referred to with a “W” mint mark from West Point, have a distinct finish and are often sought by collectors.
Frequently Asked Questions About American Silver Eagle Coins
What is the American Silver Eagle?
The American Silver Eagle is the official silver bullion coin of the United States. It was first minted in 1986 and has been produced annually since.
What is the silver content of an American Silver Eagle?
Each coin contains one troy ounce of .999 fine silver.
What is the face value of the Silver Eagle?
The face value is $1, though its market value is determined primarily by its silver content and current silver prices plus an additional premium.
Where are Silver Eagles minted?
Over the years, they’ve been minted at various U.S. Mint facilities, including West Point, San Francisco, and Philadelphia.
Are there proof and uncirculated versions of the Silver Eagle?
Yes, in addition to the standard bullion version, the U.S. Mint also produces proof and uncirculated (or “burnished”) versions intended for collectors.
How can I tell if my Silver Eagle is real?
Authentic Silver Eagles have specific dimensions, weights, and designs. Coin dealers often use Sigma Verifiers, scales, calipers and other tools to verify authenticity. There are also easy at-home tests, like the “ping” test, the use of magnets or water displacement to help in identification.
Are Silver Eagles legal tender?
Yes, they are legal tender with a face value of $1. However, their intrinsic value, based on silver content, is much higher than their face value.
Can Silver Eagles be included in my Individual Retirement Account (IRA)?
Yes, American Silver Eagles, being .999 fine silver, meet the purity requirements to be included in precious metals IRAs.
How do I store Silver Eagles?
Many collectors and investors use protective capsules, tubes, or monster boxes (official U.S. Mint containers that hold 500 coins). Some also opt for safe deposit boxes or professional vaulting services.
Why do some Silver Eagles have different finishes or mint marks?
The U.S. Mint has released various editions, including bullion, proof, and uncirculated versions. Bullion coins typically don’t have mint marks, while proof and uncirculated coins often do. Special releases, like reverse proofs or enhanced uncirculated coins, have been issued for anniversaries or other occasions.
How do I buy American Silver Eagles?
Proof and Special Edition coins that are offered as numismatics are available to purchase from the US Mint. Bullion coins can only be purchased from precious metals dealers and secondary market sources.
Why are some years or versions of the Silver Eagle more expensive than others?
Prices can be influenced by mintage numbers, demand, coin condition, special designations (like “First Strike”), and historical significance.
American Silver Eagle Mintage History Notes & References
1 – Sales totals through November 30, 2019. December Sales Totals Unpublished. 2 – Announced Mintage was 30,000 coins. Sales totals shown are based on sales data supplied by the US Mint. 3 – The 2017-S Proof Coin was released in two special sets. One called the “Congratulations Set” (17RF) with an announced mintage of 75,000 units. The other “Limited Edition Proof Set” (17RC) with an announced mintage of 50,000 units. Sales records show 48,906 Limited Edition Proof Sets sold. Sales records do not indicate how many Congratulations Sets were sold that year. 4 – The 2019-W Rev Proof was released as part of the “Pride of Two Nations” set (19XB) 5 – Updated 2020 based on sales figures released by the mint January 5, 2020. The West Point Mint was shutdown from April 15 to April 21, 2020 due to the Coronavirus Pandemic. Minting of Silver Eagles was briefly shifted to the Philadelphia Mint and 240,000 ASE were minted. The only distinction of the Philadelphia ASEs is the box tracking numbers on the outside of the Monster Boxes. Box tracking numbers 400,000 through and including 400,479 were used on boxes of coins minted in Philadelphia. A total of 480 2020 American Silver Eagle Monster Boxes were minted at the Philadelphia Mint.
6 – The US Mint released a special proof American Silver Eagle coin to commemorate the anniversary of the end of World War II on November 5, 2020. This American Silver Eagle is the first to contain a privy mark embossed with v75. This special proof Silver Eagle has a limited mintage of 75,000 coins.
7 – 2021 will see 2 different designs of the American Silver Eagle. The “type 1” design, which has been the design since the program’s creation. The “type 2” design will be a new design and is expected to be released mid-year. Sales figures updated as of December 28, 2021
8 – 2022 Sales Figures through January 3, 2023.
9 – 2023 Year to Date Sales as of December 23, 2023.
10 – 2024 Year to Date sales as of April 28, 2024.
Precious Metals conglomerate A-Mark has announced that they will purchase online retailer JM Bullion. The acquisition follows a long time partnership between the two companies that dates back to A-Mark’s initial investment in JM Bullion in 2014.
In 2014 A-Mark acquired a non-controlling 20.5% stake in JM Bullion. The new deal will put the remaining 79.5% of the company under the A-Mark umbrella. The purchase price for the remaining 79.5% of JM Bullion is valued at $138.5 million dollars and includes $103.7 million in cash, plus $34.6 million in A-Mark stock.
JM Bullion co-founder and CEO Michael Whittmeyer will remain as CEO of JM Bullion. He will also join the A-Mark board of directors and assume the title of Execute VP of A-Mark’s Direct Sales line of business.
In addition to JM Bullion, A-Mark also owns several other direct to consumer precious metals businesses such as Goldline Inc and Silvertowne Mint.
There has been a lot of news over the past couple of weeks about /r/WallStreetBets and GameStop. The people from this Reddit message board have caused lots of turmoil for hedge fund Melvin Capital and others. The group has encouraged it’s members to buy up GameStop stock and forcing Melvin Capital to cover it’s enormous short positions.
Some have begun setting their eyes on Silver as the next target. Many have long been believed that the silver market is heavily manipulated by the bullion banks, particularly JP Morgan.
Silver spot price has risen over $2.00 per ounce over the past couple of days as investors have begun buying up SLV, AG and physical silver hoping to ride the next wave.
Dealer premiums on physical silver have been dropping lower in recent weeks since hitting some highs last year as retail bullion supply has increased.
This year marks the 100th anniversary of the switchover from the Morgan Dollar to the Peace Dollar in 1921.
Public Law 116-286, the 1921 Silver Dollar Coin Anniversary Act, was approved by Congress on December 19, 2020 and signed into law by the President on January 5, 2021.
The US Mint halted the production of the Morgan Dollar in 1904 after Congress repealed of the Sherman Silver Purchase Act in 1898.
Due to the Pitman Act, the Morgan dollar was once again minted in 1921. However, the Pitman Act called for a new design of the US Dollar Coin. The Peace Dollar design was chosen because it represented a shift in US culture post World War I from a nation at war to a nation at peace.
To commemorate the switchover the US Mint will be releasing Centennial Commemorative coins featuring the designs of these iconic silver dollar coins this year.
The Morgan Dollar, designed by George Morgan, was produced from 1878 until 1904, then again in 1921.
The Peace Dollar, designed by Anthony de Francisci, was produced from 1921 until 1935.
1921 Silver Dollar Coin Anniversary Act
The law specifies that the centennial dollars will weigh 26.73 grams with a diameter of 1.500 inches. The coins will be minted from no less than 90% silver with a reeded edge.
The design requirements specify that the commemorative silver dollar coins will have an obverse design and a reverse design that are renditions of the designs historically used on the obverse and reverse of the original coins. Mintage amounts or limits are excluded from the bill that was signed into law.
The bill does state that the coins must be sold at a price equal to the sum of their face value and the cost of designing and issuing the coins, including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping. Discounts will be available for bulk purchases, likely companies that are on the Mint’s list of Authorized Purchasers.
The final designs of the coins will be selected by the Secretary of Treasury with input from the Commission on Fine Arts and review by the Citizens Coinage Advisory Committee.
No official release dates for the coins have been specified yet.
The website for online Precious Metals retailer JM Bullion was hacked earlier this year.
The company began notifying customers recently that malicious code had been discovered on their website. As part of the hack contact information and payment information may have been compromised.
JM Bullion became aware of suspicious activity involving their website around July 6, 2020. As part of the investigation it was determined that malicious code had been installed on their website. The malicious code had been in place for a six month period from February 18, 2020 until July 17, 2020.
During an investigation it was discovered that customers making purchases on their website may have had their data compromised. The data includes personal information, including credit card or banking information captured by a third-party.
The malicious code was removed from their website on July 17, 2020.
JM Bullion letter to customers of website hack and data leak
The stolen personal identifying information (PII) included customer name, address, and payment card information including account numbers, expiration dates and CVV security codes.
JM Bullion notified potentially effected customers via ‘Notice of Data Security Incident’ letter. What’s not clear from the letter is if the incident involved their website being hacked by a third party.
The data breach spanned six months. Customers that made purchases during this time frame were notified by the company.
The hack occurred during a time when investor interest in precious metals reached a peak due to the economic uncertainty caused by the COVID-19 pandemic.
All customers who made purchases on JM Bullion’s site between February 18th, 2020 to July 17th, 2020 should monitor their credit card statements for fraudulent activity.
JM Bullion is one of the largest online precious metals retailers. They sell gold, silver, platinum, palladium and other bullion and coin investment products.
JM Bullion also owns and operates Provident Metals and Silver.com. It’s not clear from the letter whether this hack only impacted customer of jmbullion.com. Or if it also involved their other companies including providentmetals.com and silver.com were also impacted.
End of World War II 75th Anniversary American Eagle Silver Proof Coin
The most anticipated coin release in recent time was last years’ 2019-S Reverse Proof American Silver Eagle coin. With only 30,000 coins minted, the coin was sold out in minutes from the US Mint website.
Pretty nice ROI for a coin that was sold by the US Mint for $65.95.
This year there seems to be a lot of hype lately around the US Mint’s upcoming release of a new Silver Eagle Proof coin. The coin is being marketed by the US Mint as a commemorative celebrating the 75th Anniversary of the End of World War II.
The coin is minted by the West Point Mint. It is a proof coin containing a special privy mark shaped like the reflecting pool at the World War II Memorial in Washington, DC. Inside the privy it is stamped with V75.
This is the first time the US Mint has release an American Silver Eagle coin with a privy mark.
The coin goes on sale next Thursday November 5 at 12 noon eastern time. You can sign up for reminder alerts on the product page at the US Mint website. I’m sure this coin will sell out quick.
If you’re lucky enough to buy one of the 75,000 coins being made available it should be an easy flip for a huge ROI.
The Unveiling of the New American Eagle Coin Designs
New reverse designs for both the American Silver Eagle and the American Gold Eagle coins have just been unveiled by the United States Mint. These exciting new designs will be featured on collectible and bullion coins in 2021. The reverse or tails designs will be available for both versions of the silver eagle and gold eagle collectible coins. The American Eagle Coin Program will be celebrating its 35th anniversary in 2021.
The exciting new designs are set to become available toward the middle of the year. As the Director of the United States Mint, David J. Ryder made a statement. He said the United States Mint has an artistic heritage based on excellence. The gorgeous new designs were created to build on this heritage while fortifying the status of the American Eagle Coin Programs as an icon for both the art and numismatic worlds.
The Redesign for the Reverse Side of the American Eagle Coins
The new designs are enchanting portraits of a proud eagles. The inscriptions on the American Silver Eagle and American Gold Eagle coins are the United States of America, In God We Trust, 1 oz. Fine Gold, E Pluribus Unum.
The designer for the AIP or Mint Artistic Infusion Program is Jennie Norris. The beautiful design she created was sculpted by Renata Gordon, the medallic artist for the United States Mint.
Renata Gordon was previously a volunteer raptor handler.
The deep connection she shares with wildlife was responsible for the inspiration required for her design. She spoke of the American Eagle as a sensationally noble bird. Her intention was to capture the intense stare of the eagle through the use of close cropping. The gaze she created speaks of the wisdom and pride generations have passed down over the course of time.
The Specifics of the New Design
The designs depicted on the silver eagle and gold eagle coins are notably different. Both designs are an attribute to the quality coins available through the United States Mint. The design was created by Emily Damstra, an AIP designer.
Michael Gaudioso is the medallic artist for the mint responsible for sculpting the coins. When Emily Damstra reflected on the design she created she spoke of her inspiration. She said she had the desire to create an image with all of the values represented by our national bird. She focused on conveying the most important traits including cooperation, protection, diligence and care in the most unique way possible.
The Head of the Eagle
The head or obverse side of the redesigned American Silver Eagle and American Gold Eagle coins will still show versions of the same historical designs the mint has featured for these coins during the last three decades. The obverse for the gold eagle coin will show a refreshed depiction of the design established by the well-known sculptor Augustus Saint-Gaudens in 1907.
Adolph A. Weinman is the famous sculptor responsible for the original Walking Liberty depiction of 1916. This image will be displayed on the obverse side of the silver eagle coin. The last issues for coins with the current design are the 20EM or One Ounce Silver Proof American Eagle Coin minted in San Francisco in 2020 and the 20EH or one ounce uncirculated gold American Eagle coin minted at West Point in 2020.
The 20EM or silver one-ounce proof coin of 2020 displaying the S mint mark of San Francisco will become available on October 13th of 2020. The 20EH or one ounce uncirculated gold American Eagle coin of 2020 will become available on November 19th of 2020.
Decreasing the Risk of COVID-19
The United States Mint has closed its sales centers until further notice to decrease employee risks in the workplace of exposure to COVID-19. The United States Mint has also made operational adjustments due to the COVID-19 response. There are customer service representatives ready to answer the questions of both potential and current customers.
Credit card information is not currently being accepted on the phone and customers will be unable to place their orders in this manner. All orders can be placed at this time by visiting the official website of the United States Mint.
About the United States Mint
The United States Mint was created by Congress in 1792. In 1873, the Mint was included in the Department of the Treasury. The Mint is the sole manufacturer for the nation of legal tender coinage. This means the Mint has the responsibility of producing and circulating coinage and conducting both commerce and trade for the nation.
Numismatic products are also produced by the United States Mint including commemorative, proof and uncirculated coins, Congressional Gold Medals, bronze and silver medals and gold and silver bullion coins. The numismatic programs of the Mint are self-sustaining to ensure operation with no cost to the taxpayers.
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eBay announced a new Bucks promotion today.
The promotion pays 5% “cash-back” on eligible purchase instead of the base 1% on eligible purchase.
This offer is targeted to eBay users who have opted-in.
If you didn’t receive the invite, people have reported success in being added to these promotions by contacting eBay’s Customer Support.
You can earn eBay Bucks on qualified purchases. This includes most things on eBay except for items listed in the Bullion categories, gift cards and a few other exclusions.
Some dealers list bullion items in alternate categories. Many vintage gold bullion coins are listed as collectibles and are eligible to earn eBay Bucks.
If you have not yet signed up for eBay Bucks yet you can find out more information on signing up at eBay’s website.
If you are already signed up for eBay Bucks you can check to see if the promotion is available to you by visiting the offer page on eBay’s website and clicking the “Activate Offer“.
Even with the recent market volatility and high premiums there are still at least 3 deals that net out to below spot price when you apply what you earn through eBay Bucks. You can find these offer and more in the eBay Bucks Eligible Bullion section of the website.
Using a credit card that offers cash-back rewards can also help to lower the overall dollar-cost average of your purchases.
There are currently several offers from credit card companies that provide additional cash-back reward bonuses for online purchases or combined with PayPal.
Bank of America currently has a promotion offering 3% cash back reward for online purchases. When combined with the eBay Bucks 5% bonus, this provides up to a combined 8% cash back on eligible purchases.
Discover Card has partnered with PayPal to offer a 5% cash back bonus on purchases made with PayPal through September 30, 2020. If you have a Discover Card, combining these offers can give you up to a combined 10% cash back reward on bullion purchases.
With a combined 8% to 10% cash back bonus available sweetens this deal. This level of cash back rewards leads to a net price on many bullion items on eBay below spot price.
