October 6, 2008: Gold Maple Leaf Coins, 100 oz Silver Bars, 2008-W Silver Eagles
Welcome to Coin Update!
You may have noticed that the updates have becoming later. For the time being, I will be posting the coin collecting news updates at the end of each day, rather than each morning. Today’s update includes news about the Royal Canadian Mint’s stretch capacity for producing gold bullion coins. Also, 2008-W Silver Eagles, behind the coin design process, Canadian penny, 100 oz. Silver Bar premiums, eBay news, and notable auctions. On to the links…
Last week the Royal Canadian Mint released statements indicating that they would not be suspending sales of Gold Maple Leaf bullion coins. According to this article, they are running at maximum capacity and have recently stretched their delivery schedule. Quote from an RCM spokesman,“We’re able to keep producing gold while the U.S. Mint has to throw up their hands and say, ‘we’re out.’”
Mint News Blog looks at the 2008-W Uncirculated & Proof Silver Eagles. Will one of the coins emerge as one of this year’s unexpected winners?
A rare in depth look at the design process for US coins from Richard Masters of the US Mint’s Artistic Infusion Program. His recent designs include the Nebraska Quarter and 2009 Lincoln Cent Log Cabin design.
“Secret documents” reveal that that the Canadian penny costs more than one cent to produce.
Have you noticed the super high premiums on 100 oz silver bars? 100 ounce bars are supposed to be a low premium way to buy silver, but instead premiums are nearly 50%!
The rumors were true, today eBay announced that they are cutting 10% of their work force. They also announced the purchase of company Bill Me Later, which will be integrated as a service of Paypal.
An interesting campaign against tuition fees involving coins. UK students will circulate £1 coins with stickers bearing the motto “free for all.”
Legislation passes for 2011 Commemoratives for the founding of the US Army Infantry. A few days ago legislation passed for a separate 2012 Army Commemorative Silver Dollar.
And now for some notable auctions. To go with one of today’s stories, here are the 100 ounce silver bars currently on eBay.
There seem to be a lot of PCGS Registry Sets going up for sale on eBay. Here’s a trio of sets for Franklin Halves, Peace Dollars, and Morgan Dollars. All sets have steep Buy It Now prices, but are all open to offers.
Painstakingly assembled collections are being sold off- sign of the times?
