Will a new gold coin make a mint? - Apr. 19, 2005: "On Tuesday, officials in Washington announced the planned introduction of the first 24-karat gold coin in the nation's history. The piece, set to be rolled out sometime in 2006, will boast a 99.99 percent 'fineness' rating. In other words, it's almost perfectly pure gold.
When the Mint releases a coin into general circulation, such as the recently introduced five-cent piece, the purpose is simply to provide a medium for transactions -- a few nickels to rub together, as it were.
The new gold coins are different. They won't enter into general circulation, but will be sold instead to investors and collectors.
The purpose of rolling them out, the Mint is making clear, is to make money -- perhaps a lot of it."
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