May 15, 2008: Coin Grading, My Gold Party, John Qunicy Adams Dollar
By admin | May 15, 2008
Welcome back to Coin Update!
Host a party, buy your friends’ gold. Also, treasure in the news, pictures of money, a questionable quote by the US Mint Director, Britain’s new coin design, Proof Gold Eagle mintages, coin grading tips, ITCA, and notable auctions. On to the links…
Remember My Gold Party? They seem to have been getting a lot of press exposure. Here’s a video segment from TheStreet.com.
Dave Harper is right, there has been a lot of treasure in the news lately. He recaps the three recent discoveries.
Something I came across on Collector’s Universe Forums. Check out 24 Amazing Pictures of Money.
Did U.S. Mint Director Edmund Moy really say this about redesigning the Saint Gaudens Gold Double Eagle? “The modern rendition would feature liberty personified as a beautiful woman, but more multi-ethnic… And I would put Lady Liberty on a diet and make her more muscular… I (also would) recommend a wardrobe change to a gown that is… more minimalist.”
The internet buzz seems to be positive on Britain’s New Coin Designs, but there are plenty of people still complaining and making some valid points.
The National Stroke Association is celebrating the release of the John Qunicy Adams Presidential Dollar.
The latest mintage figures for the 2007 & 2008 Proof Gold Eagles.
CoinLink provides the 10 Most Important Coin Grading Tips.
ITCA recently thwarted a proposal that could have had potentially disastrous impacst on coin dealers.
And now for some notable auctions. An NGC Graded 1936 Proof Set. The Buffalo Nickel is graded NGC PF 67.
Two scarce, high grade gold coins. 1913-D Saint Gaudens Gold NGC MS 66 and 1911-S $10 Indian PCGS MS65.
Have a great day and see you Friday!
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May 14, 2008: Gold Price Manipulation, Proof Silver Eagles, 1964 Special Mint Set Coins
By admin | May 14, 2008
Welcome to Coin Update!
Must read articles on gold price manipulation and world silver production. Also, the SS New York shipwreck and its treasure of early southern gold coins, DGSE results, the penny debate revisited, mintage figures for Proof Silver Eagles, 1964 Special Mint Set Coins, and some notable auctions. On to the links…
Numismaster provides a surprisingly frank discussion of gold price manipulation by the government. From the article: “Apparently, the top priorities of the US Treasury and Federal Reserve is that the US stock market must be supported and the price of gold held down…”
Here’s an excellent piece on the world production of silver. Trends of recent years lead to some interesting observations and thoughts for the future.
The story of the SS New York shipwreck, which has yielded some exceptional southern mint gold coins. NCS will be conserving the coins recovered.
DGSE Companies Inc, which includes Superior Galleries and other bullion and rare coin companies, reports their quarterly results.
How and where to sell gold jewelry or coins. In timely fashion, the article includes a quote by the president of one of the DGSE companies.
The penny has been in the news again due to the “Steel Cent Bill,” but should the discussion really be whether or not the penny should be eliminated? Here’s a balanced look at the pros and cons of each side of the debate.
The latest mintage figures for 2007 & 2008 Proof Silver Eagles.
Do you know about the 1964 Special Mint Set coins? Read a brief article on these scarce and mysterious coins.
And now for some notable auctions. First up, the elusive 1990 “No S” Proof Lincoln Cent PCGS PR68DCAM.
Next, a pair of classic key date coins in high grade, which are being auctioned with no reserve. Check out the 1921-D Walking Liberty Half PCGS MS62 and the 1916-D Mercury Dime NGC AU 58.
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May 13, 2008: Commodities, Proof Like Morgan Dollars, Bald Eagle Coin Mintages
By admin | May 13, 2008
Welcome back to Coin Update!
It’s been a relatively quiet news period, but there are still plenty of stories to note. Today’s round up includes counterfeit coins, Proof Like Morgan Dollars, Bald Eagle Coin Sales, Standing Liberty Quarter, the Ultra High Relief Saint Gaudens Gold Double Eagle, and notable auctions. On to the links…
A commodity snapshot in charts.
Coin Collector’s Blog tells you to watch out for counterfeits.
In what seems to be a popular method of protest, a student from the University of Calgary paid his tuition with over 100 kilograms (over 200 pounds) of coins. He was protesting the University’s decision to no longer accept credit cards.
Coin World has a great article on Proof Like Morgan Dollars, which includes information on the origin, characteristics, and degrees of reflectivity.
Bald Eagle Commemorative Coins have now been on sale for over 4 months. Take a look at the most recent mintage figures.
Check out the original bronze cast for the Standing Liberty Quarter.
CoinNews.net makes the observation that when penny composition changes were first discussed, the cost of making a penny in 2007 was revealed as 1.67 cents. The cost today is 1.26 cents, showing some huge volatility for even a small time period.
Dave Harper comes up with some ideas for a first strike ceremony for the 2009 Ultra High Relief Saint Gaudens Double Eagle.
And now for some notable auctions. First up, an 1861 Confederate Cent NGC PF 61 which includes the interesting back story of the coin.
The “other key date Morgan” in high grade. Here’s an 1889-CC Morgan Dollar PCGS MS61.
That’s it for today. See you tomorrow!
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May 12, 2008: Steel Cent Bill, Collector’s Universe Results, What are My Coins Worth?
By admin | May 12, 2008
Welcome back to Coin Update!
Hope you had a great weekend! Some opening perspectives on precious metals and commodity prices. Also, coverage and reactions to the Steel Cent Bill, 2007-W & 2008-W Burnished Silver Eagles, eBay’s test of mandatory Paypal payments in Austrailia is not going well, Collector’s Universe quarterly results, what are my coins worth, and notable auctions. On to the links…
If you think Gold and Silver have gone up a lot in the last few years, take a look at the price increases for some other commodities. Rhodium is up 2,200%!
On Friday, Exchange Traded Notes (ETN) for Platinum began trading. The ETN will provide exposure to the price movements of platinum.
Does Wall Street hate gold and silver?
Some excellent coverage from the coin blogosphere on last week’s news about the Steel Cent Bill. See About.com:Coins, Buzz with Dave Harper, and CoinNews.net.
The sunken treasure dispute between Odyssey Marine Exploration and Spain is covered by the New York Times.
A look at the most recent sales figures for 2006-W and 2007-W Burnished Silver Eagles.
eBay’s plan to make Paypal payment mandatory in the Australian market has not gone over very well, making some sellers “absolutely furious” and drawing anti-trust concerns. At the time of the initial announcement, there was some speculation that eBay was testing out the idea in a smaller market before attempting to implement something similar in the United States.
Collector’s Universe, the parent company of PCGS, reported their quarterly results on Friday.
Do you scour the auction websites for old PCGS “Green Holders” or “Rattlers”? Well, Teletrade is holding a single auction with over 250 coins in classic PCGS holders on June 1, 2008.
Answers to the ever popular question: What are my coins worth?
And now for some notable auctions. What’s better than an NGC MS67 Saint Gaudens Gold Double Eagle? An NGC MS67 STAR.
The ever popular 1995-W Proof Silver Eagle NGC PF 70 Ultra Cameo. Kind of makes you wonder if any of the coins being minted today will be worth this much 13 years from now.
That’s it for today. See you tomorrow!
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May 9, 2008: Sunken Treasures, Slabbed vs. Raw Coins, Start a Coin Club
By admin | May 9, 2008
Welcome to your Friday edition of Coin Update!
Precious metals are recovering from their recent swoon, how much room do they have left to run? Also, tales of two shipwrecks, starting a coin club, slabbed vs. raw coins, highlights from the upcoming Heritage Long Beach Coin Expo auction, an offbeat story for Friday, and notable auctions. On to the links…
Precious metals have rebounded, led by platinum which reached a 2 week high. Will silver reattain the $20 mark this year?
Yesterday, the House passed legislation that would change the composition of pennies and nickels.
Odyssey Marine Exploration was in the news again as Spain laid claim to the entire $500 million worth of sunken treasure they discovered in the Atlantic. Spain filed evidence that the shipwreck was a Spanish navy vessel and therefore property of Spain under the principle of sovereign immunity. Odyssey responded to the claim in this press release.
A different recently sunken treasure recently discovered off the coast of Namibia begins the long process of archaeological detective work.
Have you ever thought about starting a coin club?
With only two options left available for sale, take a look at the sales figures for the 2007-W Uncirculated Platinum Eagles.
“Hi, I’m Slab…” Read along as slabbed and raw coins each state their cases.
Highlights from the upcoming Heritage Long Beach Auction.
The price of a postage stamp goes up on Monday. Today is your last chance to buy the Forever Stamps.
CoinNews.net provides an offbeat story for Friday. A man has sued Treasury Secretary Hank Paulson, demanding Presidential Dollars for the ten men who served as leaders after the Articles of Confederation were adopted.
And now for some notable auctions. Remember the news about the discovery of a Cheerios Sacagawea Dollar with non-pattern reverse? Well the discovery specimen just went up for sale on eBay.
Are you a matte proof collector? Check out this 1914 Matte Proof Buffalo Nickel NGC PF 65.
That wraps up this week. Have a great weekend!
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