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March 18, 2008: The Gold Frenzy, Ultra High Relief Saint Gaudens $20 Gold, Guam Quarter Designs
By admin | March 18, 2008
Welcome to Coin Update!
Lately all of the gold stories in the mainstream press have been focused on the rush to sell gold. What does that suggest about the current price of gold? Also, more on the recreation of a classic, Guam Quarter designs, the world’s first Olympic Bullion Coins, U.S. Mint Annual Reports, and notable auctions. On to the links…
From MSN Money to The Baltimore Sun to The Lansing State Journal, the latest gold stories are all about average folks rushing to sell their gold. In my biased opinion, I think this is a positive for gold’s future price. Tops of markets are usually not marked by selling frenzies. They are marked by buying frenzies.
A few follow up stories to the news about the upcoming recreation of the Ultra High Relief Saint Guadens $20 Gold. Did you know you can visit the home, studios, and gardens of Augustus Saint Gaudens? Here is a story about the historic site and here is some information from New Hampshire about planning a visit.
Dave Harper starts the discussion about how much the recreation will cost and how many will be minted.
Gaum submits their 2009 Quarter designs to the U.S. Mint.
Canada releases the world’s first Olympic Bullion Coins in gold and silver.
Coin World takes a look at the history of U.S. Mint Annual Reports. Here is where you can access prior year’s reports on the U.S. Mint’s website.
Maybe you’ve seen this ad in PARADE for “Free” Presidential Dollars.
And now for some notable auctions. Lately there has been much discussion about a new composition for the penny. Here are a few interesting compositions created by wrong planchet errors: 1980 Lincoln Cent on a Clad Dime Planchet and a 1964 Lincoln Cent on a Silver Dime Planchet.
And for an offbeat auction, a Corn Flake in the exact shape of Illinios. The price: currently over $200,000.
That’s it for today!
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June 10th, 2008 at 9:52 am
It was not my intention to further the advertising of the World Reserve Monetary Exchange by providing a line-by-line debunking of their attempts to sell overpriced coins. Rather, I was trying to educate people about what is going on, provide them with another side of the coin, so to speak.
June 10th, 2008 at 10:29 am
Yes I understand that. “Free” in quotes was supposed to be sarcastic.
Check out some of the other updates which include links to all of the negative press WRME has received over the past few months.
I am also completely against their advertising and promotion methods and have been pointing to stories which can hopefully educate the public.