Welcome back to Coin Update!
Here’s another round up of coin collecting news from around the web! First, the extremely low coin production figures for 2009 that may present opportunities for coin collectors. Also, searching for 2009 Lincoln Cents, one of the 2009 Lincoln Commemorative Coin options goes to “waiting list,” history behind the 2009 UHRDE, stories from Coin World’s newsletter, third party coin grading landscape, some coin related corporate news and appearances, and notable auctions. On to the links…
A look at 2009 coin production from the Philadelphia and Denver Mints. Were there really only 53 million 2009-P Puerto Rico Quarters produced? Compare that to the peak State Quarter production of 943 million 2001-P Virginia Quarters.
The 2009 coin on every one’s list still seems to be the 2009 Lincoln Cent. Although they seem to be trickling into circulation, occurrences still seems to be few and far between. Here’s a post about a quest to find the new cents.
In more Lincoln news, the 2009 Uncirculated Lincoln Commemorative has gone into “waiting list status.”
Some history on the Ultra High Relief Double Eagle which recently culminated with the release of the new coin.
Coin World recently launched an email newsletter. Here are two stories from the first issue: the first on ten things to do to protect your collection and the second on attempts to rob the US Mint.
A survey of the current third party grading landscape. PCGS and NGC continue to dominate, DGS is making some strides, but what about ANACS and ICG?
Speaking of DGS, they have just released a new online grading submission form that they call “the easiest submission form for a third party grading service.”
As the Lincoln Cent turns 100, another revival of the old penny debate.
Escala Group, the parent company of Bowers & Merena, Teletrade, and others, has settled the long standing SEC investigation.
The CEO of Odyssey Marine Exploration appeared on the Today Show to discuss the $500 million treasure found off the coast of Portugal. The Discovery Channel is also airing a show on the discovery and subsequent battle for the treasure on April 2.
Fake £1 coins hit the lunchroom. After receiving more than 100 fake coins, a school will now check each £1 coin received for authenticity.
And now for some notable auctions. First, the 1990 Proof Set with the scarce 1990 “No S” Lincoln Cent.
The low mintage 1928 Peace Dollar graded PCGS MS63 in an old rattler holder.
Last, a big lot of 10 2009 American Gold Eagles all graded NGC MS 70.
That’s it for today. Have a great evening!
How do collectors get the first strike high relief eagle coins…what is the normal grading of a high relief eagle uncirculated in original container never opened. Thanks for the information…Marvin
The “First Strike” designation is given by PCGS generally if coins are sent for grading within 30 days after release and the customer pays an extra fee. The cut off for the UHR First Strike was March 11th.
The designation is controversial since the grading companies have no way of telling what order the coins were struck from a particular die set.
You can read this US Mint advisory for more info:
http://www.usmint.gov/consumer/index.cfm?flash=no&action=hotitems#firstStrike
In general, I think most UHR’s shipped by the Mint will grade either MS69 or MS70, with a greater number at MS70.