Welcome back to Coin Update!
Here’s another round up of coin collecting news to bring us into the weekend. First, stories on gold and silver, along with some firsthand data about the increased number of gold and silver orders. Also, breaking the trend the slowing pace of UHR Double Eagle sales, determining what grade coin to collect, spring cleaning for your collection, legal tender, 2009 Lincoln Roll Sets, and notable auctions. On to the links…
Gold regains some of its luster. Holdings in the GLD exchange traded fund now represent the sixth largest gold holdings in the world.
Lately, I’ve been hearing many people discuss silver’s immense discount to gold. Here’s an article discussing the topic in more detail.
Precious metals dealer APMEX reports that gold and silver orders were up 262% and 358% for 2008. They also provide a preliminary indication for this year: “So far, 2009 appears to be making those increases look paltry by comparison.”
The pace of Ultra High Relief Double Eagle sales has slowed considerably since the since the torrid pace of the first few days. Last week, the US Mint sold less than one thousand additional coins.
Which grade coins should you collect? This post from Stella Coin News examines one particular case and provides some insights.
On CoinLink Doug Winter suggests that it might be a good time to clean up your collection, selling off coins that have gone up too much in value or have limited demand.
A discussion of the term “legal tender” on Numismaster. The article explains the law and puts a few misconceptions to rest.
Don’t forget. The 2009 Lincoln Cent Birthplace Two Roll Sets go on sale today at the US Mint!
And now for some notable auctions. First, a collection of 89 different Morgan Dollars. Every coin in the collection is housed in a first generation PCGS rattler holder.
Some of the most unique rainbow toning I’ve seen on this 1961 Proof Washington Quarter NGC PF 68 * Star.
Contrary to many expectations, prices continue to hold up well for the 2008-W Silver Eagle Reverse of 2007.
Have a great weekend!
