Coin Update

Welcome to Coin Update!

Here’s a round up of some of the most important or interesting coin collecting stories from around the web! First, another mainstream story about the current situation for gold. Also, diagnostics on fake PCGS slabs, State Quarter rumors and misconceptions, an unbelievable 1889-CC Morgan Dollar, 2011 Army Commemorative Coins, and notable auctions. On to the links…

The New York Post runs a story “Governments Can’t Handle Global Run on Gold Coins.” They also point to the odd fact that the price of gold has remained stagnant while demand for gold has boomed.

Susan Headley has fake PCGS slab diagnostics as revealed by one of the counterfeiters.

Coin World examines some of the interesting rumors and misconceptions regarding some State Quarter designs.

Another amazing Morgan Dollar. The Eliasberg 1889-CC Morgan Dollar graded PCGS MS68 will go up for auction this coming January.

In other auction news, Jack Lee’s #1 All Time Finest Registry Set of Lincoln Cents goes to auction with Heritage on December 4-6.

Legislation for 2011 Army Commemorative Coins moves forward. It now awaits signature from the President.

Maybe the economy is sending long saved coins back to the bank. The writer of Cheap, Green and Happy received two rolls of dimes which contained neraly all 90% silver coins.

And now for some notable auctions.  First, a 1951 Proof Set which is incredibly still in the original US Mint box and cellophane wraps.

Next, a 1999-D Delaware Quarter stuck on a nickel planchet. It’s encapsulated by NGC and graded MS 64.

Last, here’s a way to minimize your premiums for physical silver. It’s a Johnson Matthey 1,000 ounce silver bar.

Have a great day!