Welcome back to Coin Update!
First up, a contrarian indicator for gold. Also, debate about composition changes to the cent and nickel, eBay tries out a buyer reward program, caution on counterfeits, David Hall on CoinChatRadio, an interview with Matthew Dent, and notable auctions. On to the links…
Is bad news good news for gold? Barron’s takes a look at the psychology of contrarian indicators, and points to a contrarian buy signal for gold.
On Tuesday, the House of Representatives debated a bill that would allow the Treasury Secretary to prescribe changes to the metal composition of coins. Current this authority resides with Congress.
Would a switch to steel cents and nickels encourage coin collectors to take a renewed focus on the long running Lincoln Cent and Jefferson Nickel series?
EBay tests out an invite-only buyer reward program. Did you get an invitation?
Dave Harper has some words of caution about the “Onslaught of Fakes.”
Don’t miss the Coin Chat Radio show today airing later today which will feature an interview with PCGS Founder David Hall. (Actually if you miss it, the show will re-air on the top of every hour or can be downloaded!)
After a very long suspension, the US Mint puts a few of the 2007-W Burnished Platinum Eagles back on sale.
A brief interview with Matthew Dent, designer of Britain’s new coins.
Coin Collector’s Blog returns with a useful recap of the past weeks events.
And now for a few notable auctions. First up, the often elusive 1922 Plain Lincoln Cent PCGS XF40 Strong Reverse.
Also, check out this 1939 Proof Mercury Dime graded PF 66 by NGC.
And last, an original bank wrapped roll of 1953-S Franklin Halves. Is there an FBL inside?
See you Friday!
