March 12, 2008: Gold Buyers and Sellers, New Colorized $5 Note, Cheerios Sacagawea Dollar

Welcome to your Wednesday edition of Coin Update!

To start off, a look at buyers and sellers and melters of gold. Also, some early reactions to the hearing on possible US coin composition changes, a new $5 Federal Reserve Note, the 2008-W Burnished American Silver Eagle, the 2000 Cheerios Sacagawea Dollar, and notable auctions. On to the links...

This article takes a look at the difference between buyers and sellers of gold. While its probably not completely representative of the two groups, it draws an interesting contrast.

There has been an ongoing debate amongst coin collectors following the revelation that a major coin dealer melted thousands of First Spouse Gold Coins. Susan Headley examines the issues and asks her readers for opinions.

Have you checked out the Goldipedia from the World Gold Council?

Yesterday, the subcommittee hearing on US coin composition was held. Here is some coverage of the hearing and reactions from the Houston Chronicle and Seattle Times.

Tomorrow, a new colorized $5 Federal Reserve Note will be released. You will start to see these new $5 notes replace the older notes in circulation over time.

CoinNews provides highlights from Heritage's Phoenix ANA Signature Auction.

The US Mint announced the released date and pricing for the 2008-W American Silver Eagle coins. The most notable aspect of the release is the declining premium on the coins as discussed here and here.

CoinLink provides a detailed look at the 2000 Cheerios Sacagawea Dollar.

Do you know what the State Quarter designs actually mean? Coin World takes a look at this interesting question.

And now for some notable auctions. Here is the key date from my favorite under appreciated series. The 1885 Liberty Nickel PCGS MS62 on eBay.

Another notable nickel, the 1881 Shield Nickel NGC PF 65 Cameo.

That's it for now. Have a great day!