Welcome back to Coin Update!
We’re back to bring you another round up of news and articles on coins and coin collecting from around the internet. First, the next product to be released by the US Mint and a look at their coming schedule for August. Also, the coin related term “premium quality” discussed, circulating the 2009 Lincoln Cents, California IOUs, origins of two currency symbols, Gold IRAs, treasure hunting, and notable auctions. On to the links…
The next product to be released by the US Mint will be bags and rolls of the American Samoa Quarter.
Separately, here’s a sneak peak at the Mint’s product release schedule for the month of August.
Don Willis, the President of PCGS, discusses the term “Premium Quality” or PQ in relation to coins. Although some people inappropriately overuse the term, the article suggests that true PQ coins can have a mark up of about 40%.
The 2009 Lincoln Cents are starting to circulate. I have seen scattered mentions across the internet, but here Dave Harper reports three separate people who have all found the new coins in circulation.
You’ve probably heard about the California IOU’s in the news, but are they numismatic?
A US Mint employee has been indicted. The inventory management specialist had purchased more than $555,000 worth of supplies from a company which he was employed by, in exchange for cash and gifts.
Capital Treasures Blog does a post on the origins of the dollar ($) symbol and the Euro (€) symbol.
A very good article to read for anyone who has considered a Gold IRA, i.e. purchasing gold within an individual retirement account.
Treasure hunting is a hobby that seems to be growing in popularity during the recession, according to this article.
And now for some notable auctions. First, the key date 1916 Standing Liberty Quarter graded MS 63 by NCG.
Next, a 1974 Lincoln Cent stuck on a dime planchet. The obverse of the coin looks immaculate.
Last, an interesting study in the differences between early grading by different companies. This 1927 Saint Gaudens Gold Double Eagle was graded MS64/64 by the Numismatic Certificate Institute in 1986 and later graded MS62 in an old PCGS rattler holder.
That’s it for today. Have a great evening!
