September 10, 2008: Gold Krugerrands Premiums, State Quarter Fever, Coin Websites

Welcome to Coin Update!

Get ready for another round up of coin collecting news from around the net! First, despite increasingly dismal financial and economic news, precious metals continue to decline. Also, running to the bank for State Quarters, Gold Krugerrand premiums rise, news for two coin websites, and notable auctions. On to the links...

Gold reaches its lowest level of the year, as it falls below $770.

Platinum is now down 50% from its all time high of $2,290 hit earlier this year.

The release of the Alaska State Quarter has bank customers clamoring for State Quarters.  "The phones were ringing off the hook constantly for the last two weeks..."

Gold Krugerrands are currently selling for about the same price as Gold Eagles. This changes the decades long standard of Krugerrands being the low premium gold bullion coin.

Heritage Auction Galleries, announces that their website HA.com has surpassed 400,000 collectors.

More website news, Numismatic News announces the launch of their redesigned website at NumismaticNews.net.

You gotta love the title of Susan Headley's latest article: Coins Don't Stink- You Do!

Here's a Q&A on Numismaster. A couple of interesting answers such as the Treasury Secretary admitting that the prices the US Mint charged for Eisenhower Proof Dollars in the 1970's was "unconscionable." Can you think of any current US Mint offerings with excessive premiums?

And now for some notable auctions. First, a group of 4 Carson City GSA Morgan Dollars for one bid.

Next, a group of 20 Original Bank Wrapped Rolls of 1954-S Lincoln Cents. Just think, that's 54 years in a wrapper.

Last, all 5 of the 1999-S Silver Proof State Quarters graded NGC PF 70 Ultra Cameo.

Have a wonderful day!