February 23, 2012

March 16, 2009: Gold Demand, Missing Edge Letter Native American Dollar, Royal Mint Privatization

1989 Gold EagleWelcome back to Coin Update!

We hope you had an enjoyable weekend, now its back to some fresh coin collecting news from around the internet. First, an approaching anniversary for gold and a story of gold demand. Also, the US Mint on 2009 Lincoln Cent Roll pricing, report from the ANA board meeting, missing edge letter Native American Dollar, the possible privatization of the British Royal Mint, coin fraud on eBay, the Whitman Coin & Collectibles Expo, and notable auctions. On to the links…

We’re coming up on the 76th anniversary of the Gold Confiscation Act. Read the language of the original act issued April 5, 1933.

A story on the rise in gold demand. According to a precious metals firm mentioned in the story, they sold more gold in the 60 days after the Lehman collapse than in the preceding three years combined.

The US Mint responds to a frequently asked question on the pricing for 2009 Lincoln Cent Two Rolls Sets.

In other US Mint news, the Philadelphia Mint was named one as one of the safest places to work.

Dave Harper provides a brief report from the ANA board meeting.

The British Royal Mint is now considered to be a top target for privatization. The chief executive of the Mint stated, “We would welcome any change in our status that would enable us to make the business more successful.”

PCGS has received the first and only reported Native American Dollar missing the edge lettering for grading. The same dollar was mentioned in Coin World, and originally found in a box of Direct Ship Rolls ordered at face value from the US Mint.

A story from a Canadian website, which explores coin fraud on eBay.

Numismatic News lets us know what we can look forward to at the Whitman Coin & Collectibles Expo in Baltimore from March 26-28.

And now for some notable auctions. First, with less than an hour left, the Abigail Adams/Louisa Adams First Spouse Medal Mule Error. There does not appear to be a large number of these errors reported.

Next, a 1938 Proof Set in the original Mint Box and cellophane.

Last, a complete set of 1948-1963 Franklin Half Dollars with all coins graded PCGS MS64FBL.

Have a great evening!

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