Gold Buffalo brightens ANA future | Silver Coins

Gold Buffalo brightens ANA future

Deputy Mint Directory Richard Peterson has decided that the American Numismatic Association convention is an event at which he wants to launch at least 1 new item each year.

He told me this in an interview final Tuesday in the course of the convention in the Chicago suburb of Rosemont, Ill., that was published in Numismatic News.

His conclusion was reached soon after personally witnessing a rush to acquire the reverse proof 2013 Buffalo gold one-ounce coin. The Mint had 1,000 available at the booth on Tuesday, which was opening day for the ANA convention, and they have been gone by the middle of the afternoon.

Numismatic Guaranty Corporation was providing a specific convention-only label that would be applied to the coins submitted for grading throughout the show.

Who can resist what basically became a unique show problem?

If you appear on the Mint internet site, delivery is promised Sept. 27 and those Buffalo coins will not be eligible for the special show label.

The Mint was capable to bring in another 1,000 pieces, which went on sale Friday. The obtain limitation was decreased from Tuesday’s 5 coins to three coins.

The outcome was the lines became lengthier and lasted longer than on Tuesday.

Whilst Peterson’s selection is primarily based on what is good for the U.S. Mint, it is also some thing that is quite excellent for the American Numismatic Association.

When on Saturday morning the new President Walter Ostromecki asked ANA executive director Kim Kiick to report on how attendance was operating at the convention, she reported to the newly installed governors and officers that it was over 1,000 a day.

Gov. Laura Sperber jumped in and mentioned this was unacceptable. She said five,000 a day ought to be what ANA draws.

While I would not expect an organization of beneath 25,000 members to draw 5,000 a day to its national convention, a greater attendance objective than what was achieved this year is attainable if the wider numismatic neighborhood is made conscious of the truth that the U..S. Mint will launch a hot new solution at each a single.

If other globe mints would do the identical, who knows how higher everyday attendance could jump.

The ANA needs to be far more than just one more coin show, specifically given that it will be in the exact same place for 3 years in a row, 2013, 2014 and 2015.

Peterson’s decision to launch a new solution at the ANA will be a massive enhance toward meeting this attendance goal.

Word will get out in coming days about the commotion surrounding this year’s reverse proof Buffalo sales at ANA. That will whet the appetites of these who will consider attending subsequent year’s convention.

I can not wait to see the outcome subsequent year.

Buzz blogger Dave Harper is editor of the weekly newspaper &#8220Numismatic News.&#8221

Numismatic News

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