Welcome to Coin Update!
Here comes another round up of coin collecting news before the weekend break! First, the prices of gold and silver have been on a tear lately- will developments in the proposed IMF gold sale spook prices again? Also, possibly the first 2009 Roosevelt Dime, the shortage of 2009 coins and coin hoarding, US Mint’s Last Opportunity Sale, the PCGS price guide adds a new feature, the changing eBay experience, the Presidential Dollar television commercial, and notable auctions. On to the links…
The price of gold continues higher, topping $975 this morning. Silver is on pace for its best monthly performance since 1987.
The proposed IMF Gold Sale that had previously spooked the price of gold lower may get US Congressional approval next week.
Have you encountered any 2009 nickels or dimes yet? Here’s the first 2009 Roosevelt Dime that I have heard about. The lucky find was posted on eBay and has been bid up over $30!
On the topic of the difficulty obtaining this year’s coins, here’s an article published in Numismatic News’ Viewpoint from someone who asks collectors to complain to Congress about the “cent shortage.”
A much different perspective from Dave Harper who gives his impressions on the latest cent release. Rather than experiencing anxiety about each coin release he says, “I think we should just enjoy it.”
With collectors scrambling to locate and save 2009 dated coins, here’s a timely article that might provide some historical perspective Hoarding Affected Lincolns in Various Ways.
The US Mint holds a “Last Opportunity” sale, similar to last year’s “Last Chance Sale” numerous products will be available for the final time.
PCGS expands their price guide to provide a two year pricing history of coins. Check out the biggest winners and losers for the past two years.
There have been a round of extremely thought provoking articles on eBay as the venue continues to morph into a much different experience for buyers and sellers. Here’s the Wall Street Journal’s Auctions fade as eBay offers wholesale items at fixed prices, TechCrunch’s How Facebook, MySpace and YouTube Killed eBay, and fellow coin collector Adam Nash’s The Real eBay Magic: Irrational Commerce.
When the US Mint started its PR campaign to promote the use of dollar coins, they aired a television commericial featuring the Statue of Liberty buying a hot dog. Someone has finally posted the video on YouTube. Enjoy!
And now for some notable auctions. First, the auction listing for the 2009-P Roosevelt Dime posted on eBay. The winner will lay claim to some interesting bragging rights.
Peace Dollars are rarely encountered with natural rainbow toning. Here’s a beautiful rainbow toned 1923 Peace Dollar which received the NGC Star designation.
Last a still sealed box of 10 2006 20th Anniversary Silver Eagle Sets. These sets contain the 2006-W Reverse Proof Silver Eagle.
Have a great weekend!
Hi: I left a post on coin network forums (under “Gold is Dropping bigtime” about a gold nugget find near Randsburg, CA. Thought you might be interested—Ike
Thanks! I will check it out.