Final release in Preamble to the Declaration of Independence Platinum Proof Coin Series on sale January 30

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Washington — The United States Mint (Mint) will release the third and final coin in its Preamble to the Declaration of Independence Platinum Proof Coin Series (product code 20EJ) on January 30 at noon EST. The theme of the coin is Pursuit of Happiness.

The obverse (heads) design of the 2020 coin depicts Lady Liberty harvesting the fruits of her labor with a young girl at play nearby. The overflowing cornucopia she carries is a symbol of the physical, intellectual, and spiritual bounty only liberty makes possible—the good things that nourish the body, enliven the mind, and satisfy the soul. The home, orchard, and silo represent American hopes, values, and aspirations and bring to a close the narrative told throughout the backgrounds of the series—from furrowed earth, to prairies and mountains, and finally to an agrarian field. The stubble field alludes to the ingenuity and exertion required to claim liberty’s promise.

Obverse inscriptions are E PLURIBUS UNUM, IN GOD WE TRUST, Happiness, 2020, and LIBERTY. The inscription “Happiness” is a facsimile of the handwritten word from the Declaration of Independence and includes the long “s,” a letterform that was typical of its time but is no longer in common use.

Mint Artistic Infusion Program (AIP) designer Justin Kunz created all obverse designs in the series. Mint Sculptor-Engraver Michael Gaudioso sculpted the 2020 obverse design.

The common reverse (tails) design for coins in this series depicts an eagle in flight with an olive branch in its talons. Inscriptions are UNITED STATES OF AMERICA, $100, 1 OZ., and .9995 PLATINUM. AIP designer Patricia Lucas-Morris created the common reverse design, which former Mint Sculptor-Engraver Don Everhart sculpted.

Platinum coins in this series bear the West Point mint mark. Each coin is encapsulated and packaged in a black velvet, satin-lined presentation case that is enclosed in an outer box and sleeve. A certificate of authenticity is included.

The Mint priced this coin according to the range in which it appears on its Pricing of Numismatic Gold, Commemorative Gold, and Platinum Products table. Current pricing information is available online.

Mintage for the 2020 coin is capped at 13,000 units. Orders will be limited to one coin per household for the first 24 hours of sales, after which the Mint will lift the limit.

The Mint accepts orders online and at 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468). Information on shipping options is available at the Mint’s website.

The Declaration of Independence platinum Proof coins can also be purchased at the Mint’s sales centers in Washington, D.C.; Philadelphia; and Denver. Availability may be limited and subject to change. Previously released coins in this series are still available while supplies last.

About the United States Mint

Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including Proof, Uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals, and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.

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 of January 30, 2020, at noon EST.

Press release courtesy of the United States Mint.

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Comments

  1. Erik H says

    cagcrisp,

    Replying to your previous post. My guess is collectors are not concerned about paying a premium to “add” a coin to their collection (just watch the TV coin shows). They also are probably not anticipating selling their new purchase immediately either. I agree with you that there are much better opportunities to buy/sell metal backed ETFs but this blog is geared towards collecting coins not collecting ETFs.

    BTW, I used to flip coins to pay for my collection but over the years I switched to flipping ETFs to pay for my collection (so we’re on the same page).

  2. Jerry Diekmann says

    cagcrisp – I agree with you that gold and silver ETFs are a much better (and safer) way to invest in precious metals. But many people want to see the actual gold and silver, and a beautifully designed coin is a plus. An ETF, however, is just notation holding in your portfolio.

    Years ago, stocks were picked (sometimes) because of their beautifully engraved artwork. I remember having some stock certificates years ago and the artistry was magnificent. But it was easier to turn them in for “book entry” accounts at your brokerage firm. Nowadays I don’t think companies even print stock certificates anymore and everything is “book entry”now.. Maybe the same thing will happen to coins in the future. The beauty of the art and the designs will be lost, but the record keeping will be so much simpler – and safer.

    Everything changes over time …

  3. cagcrisp says

    The Royal Mint to launch gold-backed ETC

    The Royal Mint is set to become the first Sovereign Mint in Europe to launch a gold-backed ETC – leveraging our unique 1,100-year reputation for trust and security to provide a compelling, new opportunity for investors.

    The gold-backed ETC will become The Royal Mint’s first listed financial product and is expected to list in the UK, Italy and Germany in early 2020. We are working in collaboration with HANetf, Europe’s first independent ‘white label’ UCITS ETF issuer, to develop and launch the physically-backed gold ETC.

    All of the physical gold associated with the ETC will be stored in The Royal Mint’s vault – one of the UK’s most secure sites and guarded 24/7.  The ETC will complement The Royal Mint’s existing range of precious metals products which includes; gold, silver and platinum in the form of bars and coins, as well as their ‘Signature’ product available online.
     
    Anne Jessopp, CEO of The Royal Mint commented:
    “This is a milestone moment for The Royal Mint as we prepare to launch our first financially listed product, and reinvent what it means to be a Mint in the modern age.” 
    “Over recent years The Royal Mint has successfully launched a range of precious metals products as we look to reinvent our business and appeal to new customers. This gold-backed ETC marks an exciting new chapter for The Royal Mint, and for the historic business of gold trading.” 

    “For thousands of years, gold has been recognised worldwide as the ultimate means of trading and storing wealth, ensuring a level of confidence, trust and security with each transaction with The Royal Mint.” 
     
    Jatin Patel, Head of Wealth Management at The Royal Mint commented:
    “By launching a gold-backed ETC we are offering investors across Europe a compelling new product for their portfolios – safe in the knowledge that they’re working with one of the UK’s most trusted organisations, and that every ounce of gold is securely held in our vault.”

     

  4. cagcrisp says

    What is an ETF?
    An exchange-traded fund is an investment fund traded on stock exchanges. 

    What is an ETC?
    An ETC is ‘exchange-traded certificate’- this acts like a share that is traded on the stock market.  It gives the right to the owner to a specific amount of the commodity (gold) held at The Royal Mint. 

  5. cagcrisp says

    The Perth Mint has had the following up and running Successfully for some time…

    All obligations of the trust custodian, The Perth Mint, including the gold held on behalf of investors in AAAU, are guaranteed by the government of Western Australia.
    The Government Guarantee is subject to the claims-paying ability of the Government of Western Australia. If the Custodian becomes insolvent, its assets, and the assets of the Government of Western Australia under the Government Guarantee, may not be adequate to satisfy a claim by the Trust or any Authorized Participant. The referenced guarantee does not apply to fluctuations in the value of shares based on the price of gold which could create potential losses. Gold owned by the Trust may be subject to loss, damage, theft or restriction on access.
    The Trust is not a mutual fund or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder. The value of your shares fluctuates based upon the price of the gold held by the Trust. Fluctuations in the price of gold could materially adversely affect your investment in the shares. Investors should be advised there is no assurance that gold will maintain its long-term USD value in the future. The lack of an active trading market for the shares may result in losses on your investment at the time of disposition of your shares. Because the Trust invests only in gold, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio. Substantial sales of gold by central banks, governmental agencies and multi-lateral institutions could adversely affect an investment in the shares.
    The request for the exchange of shares for gold is subject to a number of risks including but not limited to the potential for the price of gold to decline during the time between the submission of the request and delivery. Delivery may take a considerable amount of time depending on your location. The Trust may suspend redemptions of baskets by authorized participants and Gold Corporation may suspend or reject the exchange of shares for physical gold, which could affect the market price of the shares. The withdrawal of an authorized participant and substantial redemptions by authorized participants may affect the liquidity of the shares.
    Trust shares may trade at Net Asset Value or at a price that is above or below Net Asset Value. Any discount or premium in the trading price relative to the Net Asset Value per share may widen as a result of the different trading hours of NYSE Arca and other exchanges.
    Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
    NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day at 4:00PM.

  6. bill riedel says

    Thanks Cagcrisp
    Who cares what EFT’s & ETCs are ?
    was hoping this would return to a coin collectors blog !

    the Old VA Sailor

  7. Tom P. - MA says

    Read the fine print. Most if not all ETFs do not give you the rights to any actual metal. You have to trust that the underlying institution is trustworthy. The notion that bank vaults are hauling tons of gold each day into and out of their vaults to track ETF purchases/redemptions is absurd. It’s all paper start to finish. Back to coins please.

  8. Mintman says

    It’s only a matter of time before Pt becomes the metal of choice for industry over Pd; the excessive price rise of Pd is die for a substantial fall

  9. cagcrisp says

    Regarding the 2019-S Enhanced Reverse Proof American Silver Eagle…

    OGP prices continue to Drop

    Of the Lowest 25 priced sales on eBay out of the last 900 OGP Sold…

    …18 have sold in the last 2 weeks…

  10. Jerry Diekmann says

    I imagine that both the ETFs for silver and gold would have a volatility similar to the metals themselves, since they are supposedly backed up by the precious metals themselves.

    I don’t know if they would be more volatile than the actual mining companies that are traded on the stock exchanges.

    Whatever the volatility, the ETFs would have to compete with some investors who desire physical possession of the PMs, even though that could amount to storage and safety problems.

    I can see why cagcrisp recommends pre-1933 gold coins as their numismatic value is not that much greater than spot value anymore.

  11. Mintman says

    Just wondering what issues cagcrisp actually likes?
    No surprise that the “fever” is over when it comes to the ERP ASE; and now it will find it’s way to it’s true value. You are probably near the bottom around 500-600 raw; this issue was totally driven to stupid levels by promotion…..dealer buy orders (which has essentially ended).
    The USM actually has to generate true collector interest again.

  12. cagcrisp says

    @Jerry Diekmann says,”I imagine that both the ETFs for silver and gold would have a volatility similar to the metals themselves, since they are supposedly backed up by the precious metals themselves.

    I don’t know if they would be more volatile than the actual mining companies that are traded on the stock exchanges.”

    You are correct that ETFs have about the same volatility as Spot metal pricing. Mining stocks have More Volatility than do ETFs…

    “I can see why cagcrisp recommends pre-1933 gold coins as their numismatic value is not that much greater than spot value anymore”

    Pre-1933 Gold coins are the Way to go (and have been for years)…

  13. cagcrisp says

    @Mintman says,”Just wondering what issues cagcrisp actually likes?”

    1850-1865 $20 Gold Liberty in specific grades
    1876, 1879, and 1881 $20 Gold Liberty
    Any CC Gold $20 in specific grades
    Specific graded CC $1 in specific dates
    1809, 1810, 1812,1813 and 1814 Capped Bust Half Dollars in specific grades
    Multiple complete sets of various specific dates in specific grades of Gold $1.00, $2.50, $3.00, (No Stella) $5.00, $10.00 and $20.00.
    1909, 1910, 1912, 1913 and 1914 various denominations of Gold Indian

  14. HarryB says

    @cag: excellent pursuits….I limit myself to pre 1865 and $2.5, 5, and 10 Indians in specific grades. I look for C and D mint marked gold in specific grades also, but never saw something at a price I liked. May purchase an O someday as well

  15. cagcrisp says

    @HarryB says,”@cag: excellent pursuits….I limit myself to pre 1865 and $2.5, 5, and 10 Indians in specific grades. I look for C and D mint marked gold in specific grades also, but never saw something at a price I liked. May purchase an O someday as well”

    We’re on the same wavelength. I’m like you, I’ve Looked at Charlotte and Dahlonega but never purchased. I have gifted some New Orleans Gold. I’m pretty much Committed to CC Gold…

  16. bobo says

    Regarding ETFs etc., remember FDR’s 1933 gold confiscation. Overnight a law could take what you thought was yours away from you, poof. Only if PMs are physically in your possession can this not happen to you. ETFs are for people who trust the system. Physical possession is for those who study history.

  17. Birddog says

    Love pre 33 gold there are bargains out there,anyday compared to these modern day wonders,I think anyone that has been saving coins for a while has to love pre 33 gold I, go to shows all the time looking for good buys,alot of fun

  18. cagcrisp says

    As long as the virus is making headlines, Palladium Should be under pressure.

    Palladium was Way Overbought to begin with…

  19. cagcrisp says

    New Pricing has just been announced for the Platinum Proof coins ( I assume Gold and Palladium will be Following when the time comes)

    New Pricing UP $175.00 PER OUNCE over current matrix pricing…

    $950.00 to $999.99 range went from $1,370.00 to $1,545.00…

    Lower and Lower Mintages, Higher and Higher Prices, More and More Gimmicks, and Fewer and Fewer Customers…

  20. Mintman says

    Absolutely crazy $550 over spot
    Nuts.
    They better inject some super low mintage there or some new gimmicks

  21. cagcrisp says

    Gold pricing Will be Following when the time comes.

    Platinum Proof was announced today because it’s going to be Sold in 3 days…

  22. cagcrisp says

    This is what I posted 1.5 years ago…

    July 26, 2018 at 11:13 am

    @CaliSkier, the US Mint is Going down the road of the RCM.

    In 10 years what is Today’s Low Mintage Wonder will be more of the norm.

    I expect in the next 10 years to have Many Gold offerings that are “Mintage Limit” of Less than 2,500.

    Many Gold offering Under 2,500 within 10 years.

    Quality will go up considerably, packing will improve, mintage will go down and prices will go UP UP UP…”

  23. cagcrisp says

    NOT a recommendation to purchase…

    …However…

    IF you just MUST own a 2018 or a 2019 Platinum Proof…

    …You can purchase 1 today for $1,420.00

    Same coin will cost you $1,595.00 when the Mint re-prices…

  24. justanotherdaveinpa says

    While that’s been very obvious to anyone with eyes over the past number of years I think quality and packaging have still been pretty bad for a number of issues including (but not limited to) the Native American sets.

    I wonder how long it will take until Kobe’s death is used to market the basketball coins.

    Nickels are fascinating so I’ll get the W nickels this year. I love the Pine Barrens of NJ. Wharton State Forest covers a lot of the pine barrens and Joseph Wharton made a fortune from his Nickel Mine in Lancaster County Pa. It’s an interesting story.

  25. So Krates says

    @ just another dave – not only that but the famous counterfeit nickels were minted by Henning not far from Wharton in Erial, and dumped in the Cooper River in Cherry Hill.

    I solo thru-hiked the 54 mile Batona Trail a few years back. Never forget the drinking water (after filtration) looked like black tea. The Pineys call it cedar water. Good times

  26. justanotherdaveinpa says

    Many thanks to Leo. I love the bats and butterflies this year.

    Another great caper I was unaware of. Thanks So Krates. It just gets better and better…

  27. Jerry Diekmann says

    I’ll have to buy the “Happiness” PT coin to finish out the short 3-coin set of “Life, Liberty, and Happiness”. (2018-2020) But that’s it for me for Pt or Pd. The Mint’s prices are outrageous.

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