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May 1, 2008: Silver’s Fundamentals, Coin Legislation, Things to Come from eBay?
By admin | May 1, 2008
Welcome to your May 1st edition of Coin Update!
A recent article questioning the fundamentals of silver has set off a wave of protest from the precious metals community. Also, Japan’s coin design copyright disagreement, a possible sign of things to come from eBay, auction results, coin legislation, 2008 Proof Platinum Eagles, a potentially significant shipwreck discovery, and notable auctions. On to the links…
In more volatility following the Fed decision yesterday, gold initially surged, but this morning is on the decline.
Reuters recently ran an article titled “Spotlight Falls on Silver’s Poor Fundamentals.” The article’s one sided view has spurred a round of protest from people in the industry. Here’s a refutation of the article, point by point and a another which presents some more noteworthy counterpoints.
Japan must change the design of an upcoming commemorative coin due to a copyright disagreement. Unfortunately, they already minted 4.8 million of the coins.
A brief, but interesting story about the vice president of a local coin club. You’ll enjoy the story of how he got started in coin collecting.
In Italy, eBay is experimenting with a new 30 day Buy it Now format, which would replace the eBay Store format. Is this a hint of things to come for the US market?
Numismaster covers some of the strong results from the recent Bowers and Merena Chicago Rarities auction.
More auction results. Stack’s Tallent and Belzberg Collections from last Thursday.
Are you having trouble keeping up with all of the recently introduced coin legislation? CoinNews.net provides a helpful summary.
There seems to be a release date for 2008 Proof Platinum Eagles, but details on pricing still haven’t been published.
A shipwreck discovery off the coast of Namibia of possible global significance.
What’s the highest grade Morgan Dollar you have seen? Here’s an MS68 Morgan Dollar graded by PCGS that looks just as stunning as you would imagine.
As mentioned in some previous updates, the mintage for 2008 Lincoln Cents is way down from prior years. This seems to be boosting the prices for $25 boxes of bank wrapped 2008 Lincoln Cents.
That wraps it up. See you tomorrow!
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