October 23, 2009: 2009 Gold Buffalo Proof Coin, Medal of Honor Coins
Welcome to Coin Update!
We're here to bring you another round up of coin collecting new and articles from around the internet! First, the eagerly awaited details of the United States Mint's 2009 Poof Gold Buffalo coin offering. Also, other US Mint news, Lincoln Coin and Chronicles Set recap, gold as financial insurance, Medal of Honor commemorative coins, Lincoln Cent history, coin auction results, and notable auctions. On to the links...
The US Mint has released information on the upcoming 2009 Gold Buffalo Proof Coin. To the surprise of many, the coin will be offered without an ordering limit and without a maximum mintage.
Additional news related to the US Mint, including sold out products, order limits, and a technical amendment to the law behind the 2009 Lincoln Cents.
Numismatic News provides another recap of the Lincoln Coin and Chronicles offering. The article states that the US Mint is searching for a new chief information officer to lead an upgrade of their website.
Dave Harper invites collectors to share their opinions on the state of the numismatic industry for possible inclusion in a special issue of Numismatic News.
A prediction that pension funds will increase gold holdings as a form of "financial insurance." Gold currently represents a mere 0.4 percent of total global financial assets, according to a quote from the article.
More coin related legislation is moving along. The Medal of Honor Commemorative Coin Act has now passed the Senate. In order to become law the bill requires the President's signature.
More from Coin Update News:
20 Ounce Gold Philharmonic Coins from Austrian Mint
An article briefly recapping the history of the Lincoln Cent, through its design and composition changes.
One hundred years later, the story of a broken bottle filled with gold and silver coins discovered while plowing a field. Only two coins and the broken bottle remain, the rest of the coins were sold or distributed to family members over the years.
Coinlink has the results of an auction mentioned in the previous update. The highlight of the auction, which was expected to bring 2 million euros, surprisingly sold for the opening bid of 800,000 euros.
And now for some notable auctions. First, a coin on many people's radar screens right now, the 2008-W Proof $50 Gold Buffalo NGC PF 70 Ultra Cameo.
This is the first offering that I have seen for complete 8 coin sets of the satin finish 95% copper 2009 Lincoln Cents in PCGS SP69RD.
To finish for the week, let's flashback to the one ounce 1986 Proof Gold Eagle in original US Mint box. Back then, the US Mint made more than 400,000 of the proof coins for collectors.
Have a great weekend.
