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April 30, 2008: Return of the Gold Buyers , 2008-W Silver Eagle Reverse of 2007 Mintage, Placeholder Coins
By admin | April 30, 2008
Welcome to Coin Update!
First up, a few articles on retail level buying reactions to the decline in the price of gold. Also, a preliminary mintage figure for the 2008-W Silver Eagle Reverse of 2007, placeholder coins, “hot lips” Morgan Dollar collection, a video conversation between the founder of eBay and the current CEO, colorized State Quarters, Indian Head Cents, and notable auctions. On to the links…
The recent continued decline in the price of gold seems to have reignited retail level demand for bullion. This recent interview with Wayne Miller mentions that in March the ratio of sellers to buyers was 20 to 1. Today it’s the opposite. This brief account also claims that buyers are coming out in droves.
Gold just hit a 3 month low ahead of the expected rate cut by the Federal Reserve. The announcement will come later today and seems to have all the makings of a turning point.
A preliminary estimate on the mintage of the 2008-W Burnished Silver Eagle with Reverse of 2007 has just been released. Is it sufficiently low to support current market prices for the new variety?
PCGS has also officially announced that they will recognize the variety. Their holders will include the attribution “Reverse of 2007.”
Are changing America coin using habits responsible for the drop in cent production?
The pros and cons of buying a “placeholder coin” for your collection.
PCGS is set to display a unique collection of “Hot Lips” Morgan Dollars.
Pierre Omidyar, the founder and chairman of eBay, and John Donahue, the new CEO recently had a conversation about how to interpret and respond to recent vocal feedback from the eBay community. The videos were originally webcast for eBay employees and are now available here.
Coin World takes a look at the phenomenon and legality of colorized State Quarters.
A brief look at Indian Head Cents of the 1900’s.
And now for some notable auctions. More incredible error have popped up on eBay. Check out a 1973-D Lincoln Cent with a Major Cud Die Break and a 1973-D Washington Quarter Double Struck on a 2.1 gram Planchet.
Any Matte Proof Lincoln collectors out there? Here’s a 1909 Matte proof Lincoln, unfortunately bagged by PCGS for questionable color.
That’s it for today. See you tomorrow!
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