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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (48877)	3/22/2002 8:31:31 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

false story? hmmm... USMint closing causes 25¢ delays when the silver market undergoes real shortages, many stories will be false to divert attention from a supply crisis I read elsewhere that a suspicious pundit believed Kodak might cite a labor dispute, or factory retooling, to explain stalled production could it be the USMint really had OSHA violations? could it be that the violations did not result in stalled operations, but rather silver shortages were the cause? this past winter, the USMint announced that their US Silver Strategic Supply had been depleted that is the 6.2 billion oz silver supply set up by Teddy Roosevelt before WW2 and that the USMint would henceforth be a silver purchaser on the open market their regular supplier is struggling Idaho's Coeur d'Alene (CDE) silver supply has been hampered by central bank suppression of both gold & silver the lost silver supply in 2001 alone is well over 200 million oz (25% annual world demand) Federal Reserve and US Dept Treasury work together USMint is controlled by Dept Treasury coinworld.com By COIN WORLD Staff posted 3/21/02 Coin dealers are reporting difficulties in acquiring 2002-P Ohio quarter dollars due to the suspension of coining operations at the Philadelphia Mint beginning March 4. Dealers in Ohio and Maryland told Coin World March 15 that they have been able to obtain only a fraction of the coins they normally receive. Kay Hoebake of the Willard Coin Exchange, Mansfield, Ohio, said that she expected to receive only two bags of the 2002-P Ohio quarter dollars instead of the six bags the store ordered. She was told she could expect a delay of at least three weeks before the remainder of the firm's order was filled. Hoebake said the store normally orders three bags each of the Philadelphia Mint and Denver Mint State quarter dollars. However, the Ohio store ordered twice the number of bags of Ohio quarter dollars to meet expected demand for the coin. Hoebake said that the firm did not expect similar problems receiving the 2002-D Ohio quarter dollars, which are struck at the Denver Mint. The Denver facility was not closed and is operating normally. Carl Pund of Baltimore Coin & Stamp Exchange Inc., a Maryland firm, said that the closing of the Philadelphia Mint meant he received "way less than half" of the Philadelphia Mint Ohio quarter dollars he had ordered. Pund said he was told to expect a delay of three weeks before additional 2002-P Ohio quarters would begin arriving at his store. The Maryland dealer says he normally orders several hundred Mint-sewn bags of State quarters struck at the Philadelphia Mint. He orders a smaller number of the Denver Mint coins, he said. Mint spokesman Matt Kilbourne said a significant number of 2002-P Ohio quarter dollars had been struck before the suspension of production was ordered. Kilbourne said he was not provided with specific numbers representing the number of coins already struck at Philadelphia before the shutdown. He said there are no plans to extend the production period for the Ohio quarter dollar once Philadelphia operations resume. Each State quarter dollar is produced for a 10-week period. Once Philadelphia Mint production resumes, Kilbourne said, the production of Ohio quarter dollars will be stepped up to match Denver mintages. There are no plans to increase production of Ohio quarter dollars or any other circulating coinage at the Denver Mint during the Philadelphia Mint's production shutdown. However, mintages are expected to be similar to the number of coins struck for the 2002 Tennessee quarter dollars, the first of this year's five State quarters. Due to the downturn of the economy and reduced demand for coinage, the Tennessee quarter dollar has the lowest mintage for the series at slightly more than 648 million coins. Production of circulating coinage at the Philadelphia Mint was suspended indefinitely March 4 upon orders from senior U.S. Mint and Treasury officials until violations cited in a Feb. 27 Occupational Safety and Health Administration Report are rectified. The OSHA citations address 47 "serious" health and safety violations covering 139 separate incidents. The citations specify deadlines for compliance for each violation, with the earliest at March 7 and the latest by April 10. Mint officials claim the Philadelphia facility has either permanently addressed or taken effective interim measures for 136 of those items. The citations were based on OSHA inspections of the U.S. Mint's main production facility between Jan. 22 and June 12, 2001. "The safety and well-being of every employee across the Mint is of paramount importance," Mint Director Henrietta Holsman Fore said. "The majority of these issues have already been addressed. Nevertheless, I have directed a top to bottom review of the entire Philadelphia facility. The Mint will continue to work collaboratively with OSHA to immediately address any and all outstanding issues." -end-

To: Sully- who wrote (48877)	3/23/2002 8:20:58 PM
From: RR	Read Replies (2) \| Respond to of 65232

How 'bout them turtles, OOF Man. Made some money on that one last fall. Slow moving, steady, but the options do fine. Made good on the JNJ turtle calls ya know the past couple of months. Speaking of turtles, I was doing more burning today. Was down in the woods burning and looked down through a huge pile and there was turtle in a stump hole. He was trying to get out and the flames were all around him. I went nuts. I got him and ran to the house and ran cold water over the fella for a few minutes to cool him off. The good news is he's good as new. No shell damage. Whew, I would have hated to hurt one of my turtles. First one I've seen this year, but I think the only reason he got out of his hole was the fire, otherwise, I believe he'd be hibernating for a couple of weeks more. Hope all is well with you, wstera_02! RR