Mint runs out of 2013 silver coins

[sky otter]

everybody go ohhhhhhh poor mint.


http://www.nbcnews.com/business/us-mint-runs-out-2013-silver-coins-1B8022568


Josephine Mason , Reuters

US Mint runs out of 2013 silver coins
The U.S. Mint has temporarily run out of 2013 American Eagle silver bullion coins.

NEW YORK - The U.S. Mint has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year.


Sales to authorized dealers will resume on or about the week of Jan. 28 after the U.S. Mint has replenished its inventory, it said in an email to authorized dealers on Thursday. The coins are produced at the Mint's West Point, New York, facility.


While it is typical for collectors to snap up newly stamped coins, interest this year has ballooned due to investors seeking refuge from U.S. economic uncertainty.

Silver Eagle sales to Jan. 15 exceeded 5 million ounces and were on track to surpass the all-time monthly high of 6.1 million ounces, set in January 2012.

Physical coin sales had risen in the final months of 2012 as investors protected their nest eggs from a feared U.S. recession. Many economists predicted a U.S. economic downturn would occur if Congress and the White House did not act to stop pending huge tax hikes and automatic spending cuts known as the "fiscal cliff."

It is not the first time the Mint has faced a run on its stock. It started allocating sales to authorized dealers in recent years after its supplies were depleted by unprecedented demand.

The Mint had been due to start taking orders for coins, which fetch just under $63 each, from the general public on Jan. 24.

[Somamech]

Oddly on Jan 1 here people were camping for freshly minted 2013 coins.

Coin camp-out earns teen collector a pretty penny

A 13-year-old Sydney teenager has collected the first coin of 2013 after spending four days camped outside the Royal Australian Mint in Canberra.

Not sure on the returns of the camping out thing considering it's his hobby but it look's like he came out better dressed than having a silver coin 

Harley Russo was one of hundreds of people queued outside the mint this morning to be among the first to mint a coin in the new year.

The teenager also won a lottery at the mint to strike the last coin of 2012.

Harley, who turned down an $800 offer from a rival collector to sell the coin, says it was fun camping out over the weekend with his three brothers.

"It's really exciting and overwhelming. You play some games and spend time with the family," he said.

Harley has been collecting coins for three years, and says he has spent about $5,000 on his collection of more than 50 coins.

SOURCE:

http://www.abc.net.au/news/2013-01-01/four-day-wait-to-mint-first-coin-pays-off/4449332

[Somamech]

I find the whole Gold/Silver panic hilarious compared to say hey lets get growing a garden we can eat or start a business which we can live off and provide people with something tangible they can enjoy. 

Hangs head in shame for not being a millionaire back in 2000 when gold was worth nothing to these suckers, and again a few years back when i was telling people who could have retired now if they listened to my advice to buy silver at 18 bucks an ounce.  

O well, ya cant eat it in doomsday with everyone killing each other with guns, worms wont eat it and look at what gold rings did to Gollum 

[petrus4]

I find the whole Gold/Silver panic hilarious compared to say hey lets get growing a garden we can eat or start a business which we can live off and provide people with something tangible they can enjoy.

Agreed.  While it does have a few practical uses; for the most part, gold is not genuine wealth.  Silver is even less so.  A more intelligent person would invest their wealth in several large containers of rice, as one potential example.  That is something with the potential to keep a person alive, in a difficult situation; as is a herb and vegetable garden, as you mention.

It is interesting that you mention Gollum and the Ring in this context.  It reinforces my belief that Tolkien was an alchemist, at least quietly.  In the Ring's case, Sauron utilised gold in exactly the manner for which it was prized alchemically; as a storage medium and conductor, for energy in all forms, and emotions most especially.  Given this fact, and also the fact that most people do not know it, it makes one wonder exactly who decided that gold would be the reserve commodity of the planet; and why.

[Somamech]

Yeah Petrus so True that Gold Has many Practical Purpose's and I'm glad you didn't see my comment as downplaying that

Kind of makes one wonder how much Gold is owned on paper compared to gold sitting in a safe at home.  If most people's hunch is correct, then there is more gold made out of Paper in Trust of Gold, which would make sense as we need to keep mining to find more gold to keep up trust in the paper that was promised with gold.  Guess it could be said a contract written on Paper is worth more than Gold   

Interesting point about the alchemist's!

Sometimes it would seem as an item to have, but the more I consider it, the more I think it was an experience they had and they described seeing golden light !  Its insanley hard to judge what people are up to in that scene to know whats fact or not. Gold could mean any number of things...   

 

[sky otter]

hey Soma..you better get out more, bud..look at this find

several vids and a map and embedded links at the link


http://www.huffingtonpost.com/2013/01/17/gold-nugget-australia-ballarat-found_n_2496663.html?utm_hp_ref=weird-news&ir=Weird%20News




12-Pound Gold Nugget Found In Ballarat, Australia, Could Be Worth More Than $500,000
The Huffington Post  |  By Ron Dicker Posted: 01/17/2013 3:09 pm EST  |  Updated: 01/18/2013 1:00 pm EST


200mi200km
©2013 MapQuest  -  Portions ©2013 Natural EarthNatural Earth | TermsThere's gold in them thar Ballarat, Australia. Really big gold.

A 12-pound gold nugget, worth perhaps $500,000, was dug up Wednesday by a prospector using a $6,000 metal detector, local news site the Courier reported. A good investment, we'd say.

The identity of the prospector and exact location of the find remain secret, but the Courier wrote that the man took the mega-nugget to the Ballarat Mining Exchange Gold Shop to confirm his incredible fortune. Shop owner Cordell Kent said the nugget was unearthed nearly two feet below the land surface.

Melted down, the "nugget" would be worth about $300,000, but its rarity multiplies its value, Kent said.

Kent told Australian news site Adelaide Now that the prospector heard a faint alert on his detector and scooped up a pile of leaf mulch before digging. The miner thought he had uncovered a gold car part at first but, to his disbelief, kept unearthing a bigger and bigger chunk of real gold.

"It's extremely significant as a mineral specimen," Kent said via Adelaide Now. "We are 162 years into a gold rush and Ballarat is still producing nuggets -- it's unheard of." Gold was first discovered in Ballarat in 1851, and 20,000 miners had descended on the place by 1853. Just last July, an eight-pound nugget was uncovered in the region.

Kent said, per the website, that the discovery will create a new gold rush and provide a "life-changer" for the finder. "He is going to pay off a lot of bills and pay off his house," Kent remarked.

A video of the gold was posted on YouTube on Jan. 16 by user Troy Aurum, whose Facebook page indicates he is a self-employed resident of Ballarat.

As huge as the nugget is, it's a mere pebble compared to the Holtermann Nugget found in Hill End in New South Wales, Australia, in 1872. It weighed 639 pounds, and is considered by many to be the largest single mass of gold ever found.

All this talk of instant riches giving you the bug? The gold detector used by the Ballarat prospector is reportedly a Minelab GPX-5000. We found a used one on eBay for $5,180.

Let the rush begin!

[Somamech]

Tell me about it Otter LOL

People are right, after getting Married whimscal dreams are burnt to the floor LOL

I do some work for minelab from time to time and also have a father who had metal detectors along with gold dredge's LOL

I have thought and pondered on the odd occasion of what it would be like to quit work with a spanking new Minelab Detector and a Camper Van hunting for that Gold Ring. 

I also wholly admit I do orignially come from the Golden Triangle

[Somamech]

Alien crashed Vessel's caused gold deposit's 

So a friend told me 

[zorgon]

Meteorite crashes created Nickel and Cobalt deposits

[Somamech]

I saw over the break that there is a TV show called Meteorite Hunters or something to that accord.   

[sky otter]

soma
i caught a few of the episodes on tv..it was a hoot..those guys are nuts...
so i went to find the link for ya and i can't believe what i came across

get this

New rules for meteorite hunters unveiled
By Leonard David

Published October 15, 2012
Space.com

It's official! A fishing license for the sky.

The Bureau of Land Management, under the U.S. Department of the Interior, has issued Instruction Memorandum No. 2012-182. It establishes policy governing the collection of meteorites found on public lands.
.......


In the world of meteorite collecting, the new rules have sparked a flurry of comment on the Internet and on a special mailing list dedicated to the topic.

"I have mixed feelings about the new BLM guidelines," said Michael Gilmer of Galactic Stone and Ironworks, in Lutz, Fla. "I think this is all about money. Meteorites flew under the regulatory radar for a long time."

Read more: http://www.foxnews.com/science/2012/10/15/new-rules-for-meteorite-hunters-unveiled/#ixzz2IMhInwt9



anyway here's the link for the guys web site and they were on the science channel

http://www.meteoritemen.com/

http://science.discovery.com/tv-shows/meteorite-men

hey be careful going to these sites.. i just got hit twice.. i think it was the fox news one



ok..no need to go to the fox article here's the link to the memo

http://www.blm.gov/wo/st/en/info/regulations/Instruction_Memos_and_Bulletins/national_instruction/2012/IM_2012-182.html

[zorgon]

Well if the mint needs SILVER I can sell them what I have... at a premium of course

And I haz lots of space rocks too