Welcome to Coin Update!
We’re back to bring you another round up of coin collecting news from around the internet! After showing some signs of life, precious metals are back on the decline. Also, eBay reports their quarterly results, questions for the US Mint, coin market report, Fiji one cent coins, and notable auctions. On to the links…
Precious metals were down across the board today. Gold hit a one month low at $804 per ounce.
Platinum hit its lowest level since 2005 at $896.
But putting things in perspective, gold is significantly outperforming other commodities.
Yesterday eBay reported their Third Quarter financial results.
Here’s a brief commentary including the following observation: “Earlier this year, eBay began a restructuring effort designed to improve the buying and selling experience on its Web site… But so far, the changes do not seem to have boosted the core business.”
Do you have a question for the US Mint? Susan Headley is collecting questions from About.com: Coins readers to be answered by a US Mint executive.
The Reserve Bank of Fiji recently withdrew its two lowest denomination coins from circulation. The change seems to have many oponents.
Here’s a local article providing a few solid arguments in defense of keeping the coins.
USA Coin Album takes a look at the US Mint’s evolution of applying dates to coins.
A Doug Winter Market Report with some interesting perspectives following the recent financial turmoil. A number of his clients are “looking at their collections from a much different perspective.”
And now for some notable auctions. First, here is the old collection of 17 Hobo Buffalo Nickels that didn’t have close up pcitures last week including “Scuba-Hobo”!
There has been some recent speculation around the 2008-W Uncirculated Platinum Eagles. Here’s the four coin set graded PCGS MS69.
What an incredible set. Here are all 100 Proof State Quarters graded PCGS PR69DCAM!
See you all Friday!
