Would SAVE II Act Prohibit Bullion and Numismatic Coins?
(e) Prohibition on Certain Minting- Notwithstanding any other provision of this subchapter, the Secretary may not mint or issue any coin that costs more to produce than the denomination of the coin (including labor, materials, dies, use of machinery, overhead expenses, marketing, and shipping).
The United States Mint currently produces two different series each of gold and silver bullion coins. The silver series include the America the Beautiful Five Ounce Silver Bullion Coins which carry a denomination of 25 cents and the American Silver Eagles which carry a denomination of One Dollar. The gold series include the 1 oz American Gold Buffalo with a $50 denomination and American Gold Eagles, which include 1 oz coins with a $50 denomination, 1/2 oz coins with a $25 denomination, 1/4 oz coins with a $10 denomination, and 1/10 oz coins with a $5 denomination.
- SAVE II Act Would Prohibit “Non-Cost Effective” Coins and Currency
- US Mint Bullion Revenue Falls 29%, American Silver Eagle Generates Loss of $4.4 Million
- 2012 Denali National Park America the Beautiful Five Ounce Silver Bullion Coins
- US Mint Will Not Issue 2012 Platinum Eagle Bullion Coins