U.S. Mint to redesign gold and silver American Eagles (Mnuchin)

RonZeplin

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U.S. Mint to redesign gold and silver American Eagles, implement security devices


2019-silver-eagle-bullion-mergedb2437c4011176df9aa55ff0000be2468.tmb-slide-1900.jpg

U.S. Mint Sculptor-Engraver John Mercanti's Heraldic Eagle for the reverse of the silver American Eagle was introduced when the series debuted in 1986.

The U.S. Mint is moving ahead with plans to redesign the reverses of the silver and gold American Eagles for 2021 to accommodate the use of anti-counterfeiting technology at the production stage.
Treasury Secretary Steven Mnuchin has given the Mint the green light to replace the designs, which have appeared on the coins since their release in 1986.

“We are planning a redesign of the American Eagle Silver and Gold coins in honor of the 35th anniversary of the American Eagle program. The details of this redesign will be announced in the near future. There is currently no plan to redesign the American Eagle platinum or palladium coins,” said Todd Martin, acting chief for the Mint’s Office of Corporate Communications.
The redesigned reverses will be introduced first on bullion releases dated 2021. The anti-counterfeiting measures will be introduced later on the Proof and other collector versions.

“Since the early days of the Republic, the Mint has been very sensitive to the threat of counterfeiting,” Martin said. “We have made progress in developing state-of-the-art anti-counterfeiting measures for bullion coins, and are prepared to implement changes that will enhance the security of the gold and silver bullion coin program.”

Martin said Mint Director David J. Ryder “has assembled an anti-counterfeiting interdisciplinary team within the Mint that is researching and reviewing both overt and covert options to enhance the protection of our bullion products. In addition to improving anti-counterfeiting measures, we are reaching out to educate and inform the numismatic community and consumers about potential counterfeits, thus ensuring continued confidence in our bullion products for years to come.”

The American Eagle silver dollar’s Heraldic Eagle reverse was rendered by U.S. Mint Sculptor-Engraver John Mercanti, who retired as chief engraver in 2010. The Family of Eagles motif legislated for the gold American Eagle reverse was contributed by sculptor Miley Busiek, now Miley Busiek Frost.

Other Mints have acted


The Royal Canadian Mint employs its DNA technology on its Maple Leaf precious metals coins. Its website states: “Every die used to produce the Gold and Silver Maple Leaf coins is laser micro-engraved with an anti-counterfeiting security mark: a textured maple leaf. Our registration process — digital non-destructive activation (DNA) technology — captures images encrypted with a string of codes, and stores these in our secure database.” .......

https://www.coinworld.com/news/us-c...er-american-eagles-implement-security-devices



Reagan must be rolling over in his grave over the new 2021 Trump/Mnuchin, chipped & registered in a government database American Silver Eagle. :cry:

iu
 
Nice to see that they are taking the Chinese counterfeiting seriously.
 
Makes me wonder if the counterfeiting protection is a cover story for any necessary redesign as part of a FRN currency reset which would reincorporate gold and silver as money. Perhaps denomination changes and monetary tracking ability? They could have introduced micro-stamping a long time ago if it was just to counter counterfeiting.

Rule #1: Never trust what a government official says any monetary change is for. It's 99% sure to be a lie or a lie by omission.
 
At 17.75 silver a Silver Eagle is already trading around 21 FRN's with a face value of one dollar . Some Canadian mint things do carry a higher face value .
 
Would a coin made out of the same metal and exactly the same shape as the others, be considered a counterfeit?
 
Would a coin made out of the same metal and exactly the same shape as the others, be considered a counterfeit?

If the metal content was the same, most bullion investors wouldn't care too much I think, but the problem is that the fakes aren't the same metal content. Using non-precious metal cores is how the counterfeiters turn their profits.
 
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