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August 13, 2008: Direct Ship Presidential Dollars, Too Many Collector Coins
By admin | August 13, 2008
Welcome to Coin Update!
Here comes another round up of coin collecting news from around the internet. Fingers crossed, gold looks poised to break its streak of 8 consecutive down days. Also, the US Mint’s Direct Ship Program expands, another coins for cars story, too many collectors coins, ANA exhibit awards, and notable auctions. On to the links…
After eight consecutive days of declines, gold is staging a mild rebound. Here’s an historical look at how gold has performed following this type of decline.
Here’s a well written article that lays out the recent puzzling decline, the serious damage to gold’s technical picture, and then sets the stage for renewed bull market.
A reporter makes the rounds to jewelry stores, a coin shop, and a pawn store with a bag of gold for sale and experiences what she calls “reverse sticker shock.” (Found via Coinflation)
The US Mint continues their Direct Ship Program by offering four additional Presidential Dollars. Under the program, coins can be purchased at face value with no charge for shipping.
$8,000 in coins buys half a truck.
A press release from a company that provides a 3D modeling system used to design some of the Mint’s new coins.
We’ve heard the complaint before, and it’s gone unheeded. Does the US Mint issue too many collector coins?
CoinNews.net covers the 71 competitive exhibit awards given by the ANA at the 2008 World’s Fair of Money.
And now for some notable auctions. First, the popular 2006 20th Anniversary Gold Eagle Set, which includes the Reverse Proof Gold Eagle. All three coins in the set are graded PF 70 by NGC!
Not as popular as the 1955, but here’s the 1972 Double Die Lincoln Cent graded PCGS MS65RD.
And last but not least, the 1936 Proof Liberty Walking Half graded PCGS PR66.
See you all tomorrow!
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