Mint to Develop 24-Karat Gold Bullion Investment Coin

wow! I expect a lot of sales to Asia once this is complete. Just in time for the Yuan to be unpegged?

United States Mint to Develop 24-Karat Gold Bullion Investment Coin Program

The United States Mint is announcing today that it will develop a program to manufacture 24-karat (99.99% fineness) uncirculated gold bullion investment coins in early 2006. This will mark the first time that the United States Mint will produce 24-karat gold coins. Upon completion of a successful test strike, the designs, specifications, quantities and denominations will be considered. Possible themes for the images on the 24-karat gold bullion coins will be presented by teleconference at the April 28, 2005 meeting of the Citizens Coinage Advisory Committee at the United States Mint in Washington. The potential global market for 24-karat gold bullion coins is estimated at $2.4 billion.

HoustonChronicle.com - Mint will offer 24-karat gold bullion coin

The U.S. Mint is putting special luster into a new gold coin, hoping to win a bigger share of international investment sales. It will be the first 24-karat gold bullion coin in U.S. history.
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The only difference will be that the new series will be pure gold without alloys mixed in.

This will mark the first time the U.S. Mint has produced a 24-karat gold coin, a designation that means it contains 99.99 percent gold. The current 22-karat gold coin, on the market since 1986, contains 91.67 percent gold with the rest of the coin silver and copper.