May 9, 2008: Sunken Treasures, Slabbed vs. Raw Coins, Start a Coin Club
Welcome to your Friday edition of Coin Update!
Precious metals are recovering from their recent swoon, how much room do they have left to run? Also, tales of two shipwrecks, starting a coin club, slabbed vs. raw coins, highlights from the upcoming Heritage Long Beach Coin Expo auction, an offbeat story for Friday, and notable auctions. On to the links...
Precious metals have rebounded, led by platinum which reached a 2 week high. Will silver reattain the $20 mark this year?
Yesterday, the House passed legislation that would change the composition of pennies and nickels.
Odyssey Marine Exploration was in the news again as Spain laid claim to the entire $500 million worth of sunken treasure they discovered in the Atlantic. Spain filed evidence that the shipwreck was a Spanish navy vessel and therefore property of Spain under the principle of sovereign immunity. Odyssey responded to the claim in this press release.
A different recently sunken treasure recently discovered off the coast of Namibia begins the long process of archaeological detective work.
Have you ever thought about starting a coin club?
With only two options left available for sale, take a look at the sales figures for the 2007-W Uncirculated Platinum Eagles.
"Hi, I'm Slab..." Read along as slabbed and raw coins each state their cases.
Highlights from the upcoming Heritage Long Beach Auction.
The price of a postage stamp goes up on Monday. Today is your last chance to buy the Forever Stamps.
CoinNews provides an offbeat story for Friday. A man has sued Treasury Secretary Hank Paulson, demanding Presidential Dollars for the ten men who served as leaders after the Articles of Confederation were adopted.
And now for some notable auctions. Remember the news about the discovery of a Cheerios Sacagawea Dollar with non-pattern reverse? Well the discovery specimen just went up for sale on eBay.
Are you a matte proof collector? Check out this 1914 Matte Proof Buffalo Nickel NGC PF 65.
That wraps up this week. Have a great weekend!
