November 21, 2008: Perth Mint Suspends Gold, US Mint Sold Out Coins
Welcome to Coin Update!
Here’s a late Friday round up of coin collecting news stories from around the web. First, important developments with gold- the Perth Mint suspends orders as the price surges towards $800. Also, coin scarcity in Argentina, more sold out coins at the US Mint, Civil Rights Commemoratives, and 2009 Lincoln Cent. On to the links…
The Perth Mint has been forced to suspend orders for gold. Staff had been working 24 hours a day, 7 days a week, and they still could not meet demand.
Today the price of gold jumped $43.10, briefly exceeding the closely watched $800 level.
An interesting story on coin scarcity in Argentina. A “black market” for coins is developing composed of traders who amass coins and sell them to shopkeepers.
More gold and platinum coins have sold out at the US Mint. A listing of the sold out coins and some of the factors driving the recent demand.
With many options now sold out, we can also start to gauge what the final 2008-W Uncirculated Platinum Eagle mintages might look like.
More commemorative coin legislation moves through the pipeline. The bill for Civil Rights Commemorative silver dollars now awaits the President’s signature.
An interesting idea for Lincoln Cents as the release of the new 2009 designs continues to draw closer.
And now for some notable auctions. First, a lot of 5 1984 Gold Kruggerands listed at no reserve.
Next, a 1923 Peace Dollar with Rotated Dies Error.
Last, a nice looking collection of 72 Commemoartive Half Dollar Coins from 1921 to 1935.
Have a great weekend!
Miss your updates—–Ike
On vacation?????
Yes, I was on a quick vacation. My wife and I celebrated our anniversary.
Back today with an update.
Michael