Welcome back to Coin Update!
We’re here to bring you another round up of coin collecting news and articles from around the internet. First, tomorrow the second 2009 Lincoln Cent will be launched- find out where you can get them. Also, the Breen Book controversy, Mother’s Day Commemorative coin proposal, eBay’s “free” listings, Collectors Universe results, NGC’s new service for gold coins placed into IRAs, the new coin market, and notable auctions. On to the links…
Tomorrow the second redesigned 2009 Lincoln Cent will be launched in Lincoln City, Indiana. There will be a coin exchange after the ceremony and at two sites in Washington, DC. The two roll set will also go on sale at the US Mint.
Walter Breen’s Complete Encylopedia of U.S. and Colonial Coins has been taken offline. Here’s some background on the controversy that resulted in the free copy of the book being pulled.
A bill has been introduced which would authorize a Mother’s Day Centennial Commemorative Coin for 2014. Similar bills had been introduced last year, but they were never passed.
If you sell on eBay, make note of this announcement. The first five listings each month will be free. Sounds good, but if you read the fine print, these listings will have no insertion fees, but will be subject to a different final value fee. If you run some numbers, the “free” listings end up costing sellers more in fees in some situations.
Collectors Universe, the parent company of PCGS reported their Third Quarter Results. Service revenues dropped 12% from the year ago period. Income from continuing operations was higher due to cost cutting and efficiency initiatives.
NGC is offering a new service to provide a special certification for gold coins placed into Individual Retirement Accounts.
Have you heard of the Denomination Effect? People are more willing to spend the same amount of money in smaller denominations such as coins when compared to spending one large bill.
From the Coin World Newsletter, Five rules for the new coin market.
Numismaster’s Viewpoint column examines rare coin investment fraud schemes.
And now for some notable auctions. First,a complete collection of 1950 -1963 Cameo Proof Franklin Half Dollars. All coins are slabbed by NGC and have a cameo designation.
PCGS and NGC graded Louis Braille Silver Dollar Commemorative coins have landed on eBay. Here’s one graded PCGS PR70DCAM.
Last, premiums for silver have moved sharply lower in the past few weeks. If you want to stock up, here are auctions for 100 ounce silver bars.
Have a great evening!
