uesday, November 11, 1GC3
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The new coin features a design of Lady Liberty on the reverse side.
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First American issue since 1933 now available in Lincoln
By Kathy Shults
Staff Reporter
They're not baseball cards, and they're
not stamps. But they are new collec
tor's items in high demand.
The first "general circulation" U.S.
gold coins to be printed since 1933 are
now available in Lincoln.
The U.S. Mint began distributing the
gold American Eagle Coins to 25 prim
ary dealers in late October. The dealers
then resold the coins to local coin
shops, brokerage firms, precious metal
dealers and banks including Lin
coln's Firstier and National Bank of
Commerce.
There's a big demand for the coins,
according to Paul Warfield, interna
tional banking officer at NBC. NBC has
already received three or four ship
ments. Some people want them for coin
collections or as investments, while
others see them as an edge against
inflation, he said.
"Plus, there is a certain amount of.
patriotism involved because it is an
American coin," Warfield said.
One side of the coin features a
modifed Augustus Saint-Gaudens' de
sign of Liberty, originally used on U.S.
gold pieces from 1907 through 1933.
The reverse side bears a new "family of
eagles" symbolizing family tradition
and unity.
The coins have a face value of $5,
$10, $25 and $50, he said, but they'll
cost more than that. The $5 coin con
tains one-tenth of an ounce of gold, and
the $50 piece equals a full ounce.
These coins are composed of 91.67 per
cent fine gold as required by law, 3
percent silver, and 5.33 percent copper.
The price of the coins will depend on
the market price of gold plus a small
premium. The bank also will charge a
commission, shipping and sales tax.
Warfield said the Department of Revenue
demands that a sales tax be charged
because the coins are a tangible asset
that people are taking possession of.
"The coins aren't a big money-maker
for the bank," Warfield said. "They're a
service to our customers."
For true collectors, a limited number
of the 1 -ounce coins will be issued in
proof condition this year. Proof coins
will cost more due to the increased
cost of producing the coins, limited
production and the extra costs for
packaging, marketing and distribution.
These will only be available by direct
mail orders from the mint.
Warfield also said a silver version of
the American Eagle coin will be offered
in early December. The silver coins will
cost much less than the gold.
Due to the high demand for the coins,
the only one currently available at NBC
is the $50 coin.
The American Eagle coin will be in
top competition with the Canadian
Maple Leaf, currently the best-selling
gold coin in the United States. Other
national gold coins include the Corona
in Austria, China's Panda Coin, the
Peso in Mexico and the South African
Krugerrand.
Brucemania, live albums unleashed
By The Associated Press
NEW YORK - Rockin' in Boston, in
Pittsburgh, Pa., deep in the heart of
Texas, and around the Frisco Bay, all
over St. Louis, and down in New Orleans,
all they wanted to buy was sweet Bruce
Springsteen.
Coast to coast, an avalanche of
Brucemania was unleased Monday as
1.5 million copies of The Boss's 40-song
live album reached record stores. The
fans were waiting.
"It was unbelievable. We had a long
line waiting when we opened," said
Gene Pembleton of Peaches Records &
Tapes in suburban Richmond, Va.
"We've never had people waiting
outside to buy an album," said Kenny
Altman, manager of Tower Records in
New York's Greenwich Village, where
25 people queued up for Bruce along
Broadway.
It's supposed to be a capitalist
enterprise, as well, and "Bruce Spring-'
steen & the E Street Band Live 1975
85" appeared well on its way to paving
Springsteen's "Thunder Road" with gold.
Tower was selling the five-record set for
just under $20; prices in the mid-$20s
were more common, while the compact
discs went for $40.
But the demand was huge, a product
of Springsteen's popularity, at its height
since the release of his last album,
"Born in the USA," which sold more
than 1 1 million copies; of his legendary
status as one of the world's best con
cert artists; and of the impending holi
day gift-giving season.
"I've sold a few hundred already," an
hour after opening, said Al Salecker,
assistant manager of Rose Records in
Chicago. "I've been in the business
over 10 years. I've seen them fly out, but
not like this not whre they've
waited for the doors to open."
Skip Dcrsey, salesman at Homer's
Records in Omaha, said the store didn't
get its allotment first thing in the
morning and the phone was ringing off
the hook.
"They're killing me. It won't be here
until noon. I've had everybody in here
asking me for the tape," he said.
At Sam Goody's in mid-Manhattan,
as many as 80 people waited in line
during the lunch hour for their copy of
the album. Others didn't bother going
to work at all.
"I'm sick right now, at home," said
Barbara Hogan,23, who was first in line
at the store at 8:30 am.
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J-SSTtfifSfaSS UNL composer's music to premiere
the opportunity to buy three albums
"one for my son, one of my grandson
and one for me."
"IVe seen them all I've seen Sina
tra, I've seen the BigBands, and nothing
compares with Springsteen," he said.
Compositions by UNL faculty mem
bers in the School of Music will be
showcased in a concert at 8 p.m. Wed
nesday in Kimball Recital Hall.
The concert will include the pre
miere cf a work by Randall Snyder
titled "Of Mere Being," composed in
1035 as the setting of several poems by
Wallace Stevens. The piece will be per
formed by Professor Judy Cole-Shannon,
mezzo soprano, and Catherine Herbener,
pianist