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May 30, 2008: New Shipwreck Discoveries, Silver Eagle Shortage, Disabled Veterans Coins
By admin | May 30, 2008
Welcome to your Friday edition of Coin Update!
Still more reaction to the Wall Street Journal story on the 2008 Silver Eagle shortage as the Silver Institute urges the US Mint to take action. Also, Odyssey Marine Exploration with two new discoveries, a proposed commemorative coin for disabled veterans, 2008 coins in circulation, numismatics.com domain name, an update on 2008-W Silver Eagles with Reverse of 2007, and notable auctions. On to the links…
Yesterday gold and other precious metals continued to drop. Reasons cited included a stronger dollar and lower oil prices, but some are actually anticipating that falling oil prices will cause investment dollars to flow back into gold.
In more response to the recent WSJ article on the 2008 Silver Eagle shortage, the Silver Institute has written a letter urging the US Mint stabilize the program and requested a meeting with the US Mint Director. (pdf link to the letter)
Odyssey Marine Exploration is in the news again as they filed claims for two newly discovered shipwrecks in the area of the English Channel. Also, here’s a recently published analysis on the financial impacts of the upcoming Discovery Shipwreck Series.
Another proposed commemorative coin is working its way through the system. This one will honor veterans who became disabled for life while serving in the armed forces. Read more about the Disabled Veterans Coins.
Have you seen any 2008 coins in circulation? So far I have only seen 2008 State Quarters, but Coin of the Day recently encountered a 2008-D Nickel.
As a follow up from yesterday, it looks like Numismatics.com will have a new owner. Let’s hope the owner turns it into a great new coin site!
From Mint News Blog, an update and recent information on the popular 2008-W Silver Eagle Reverse of 2007.
Are San Francisco Mint Barber Quarters the toughest coins of the 20th Century?
And now for some notable auctions… First, a beautiful 1826 Capped Bust Half Dollar graded PCGS MS63.
Second, a scarce high grade 1916 Proof Buffalo Nickel PCGS PR66. And here’s a different kind of Buffalo Nickel collectible, a 1913 Buffalo Nickel Crate from the Denver Mint.
That wraps it up. Have a great weekend!
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