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July 23, 2008: Gold and Precious Metals Retreat, Dollar Bills vs. Dollar Coins
By admin | July 23, 2008
Welcome back to Coin Update!
We’re here to bring you a daily update of coin collecting news from around the web! First, some recent stories on gold. Also, a new offering from the US Mint, a new initiative from PCGS, European coin market, gold coins of the Canadian Mint, the dollar bill vs. dollar coin debate continues, and notable auctions. On to the links…
Gold and other precious metals have been retreating following dollar strength, a drop in oil, and a firmer stock market.
Even though this article is titled “Firm travels to buy gold and jewelry from the affluent,” the sellers interviewed mention buying a tank of gas or paying bills.
A second article urging caution when selling gold, referring to firms that enter town and operate out of temporary locations. Quote from the story: “I just can’t believe that people do business there. I mean you wouldn’t see your doctor or your lawyer in a hotel room…”
What’s better than prosperity? How about “Double Prosperity.” The US Mint has announced the release of the second product in the United States Celebration series.
PCGS has announced a new initiative centered around a start page for new collectors or people returning to the hobby. View the Start Here Page.
The European coin market explodes! (in the good way)
Take a look at some of the gold coins from the Royal Canadian Mint.
It seems to be dollar bills vs. dollar coins debate week. Here’s another article, this time from the Dallas News.
And now for some notable auctions. The 1995 Double Die Lincoln Cent in the incredible grade of NGC MS 69 RD
The key date 1932-D Washington Quarter in near gem ICG MS64.
And lastly, an interesting Presidential Dollar Error. This John Adams Dollar has rotated dies.
That’s it for today!
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