(Image courtesy of the Royal Mint blog)
In a recent interview with The CDN Monthly Greysheeet US Mint Director David J. Ryder said, “I have to create products they [young collectors] can actually collect at a reasonable price and put in their pockets.”
Perhaps so, but any proposals for new coins need to be approved by Congress prior to commencing production
Anxiety!
The threat of a war with Iran, the Federal Reserve Bank considering lowering interest rates at its next meeting, and gold; the metal which has been quietly appreciating modestly suddenly took off as the US dollar dropped in exchange rate value on the world market.
This in turn impacted gold bullion and collectible gold coins. Silver followed the spot price of the yellow metal, although not as dramatically
(Image courtesy www.usmoneyreserve.com)
Uncertainty is just as unhealthy for the coin market as is it for that of stocks