Welcome to Coin Update!
Get ready for another round up of coin collecting news from around the web! Even as gold declines it continues to reach new highs. Also, the return of 2008-W Platinum Eagle, Mint error coins, what will grace Polish Euro coins, one cent debate around the world, and notable auctions. On to the links…
Even though gold has dropped for the seventh straight day, it’s still making new highs by other metrics.
Another curious new high, the Gold/Silver Ratio. But at the same time, the gap between paper and physical silver prices continues to widen significantly. Curiouser and curiouser, right?
In a surprising move, the US Mint puts 2008-W Platinum Eagles back on sale. The coins had been suspended for over two months with mixed reports of whether they would return before year end.
NGC posts an article on some Mint Error coins that they will certify but do not grade. The article includes come great images of die adjustment strikes, split planchets, and struck through errors.
What will grace the new Euro coins in Poland? The Pope or a bottle of vodka?
Some very strong statements from the Governor of the Reserve Bank of Fiji in response to some controversy regarding the withdrawal of one and two cent coins. Quote: “There is really no practical need to keep a continuous series of coins except perhaps in theory.”
On the other side of the coin, here’s recent feedback from Americans on the penny debate. One of the particularly insightful opinions: “To get rid of the penny would be like erasing a number from the numerical system. The cost of changing tax rates of absolutely everything, prices on nearly every item throughout the US, would no doubt cost more than all those forgotten pennies in jars, couches, or squashed into a souvenir.” (via Coinflation)
The ANA will honor Florence Schook by establishing the new Florence Schook School of Numismatics.
Coins stay strong amidst the stock market meltdown.
And now for some notable auctions. First,a rarely encountered 1910 Matte Proof Lincoln Cent certified PCGS PR64RB.
Wow, this is one huge lot. A total of 100 1986 $5 Gold Statue of Liberty Coins all graded NGC MS70.
And last, the full 1995-W Proof Gold Eagle Set including the 1995-W Silver Eagle. Every coin is graded NGC PF 70 Ultra Cameo.
Have a great weekend!
