November 19, 2009: Zachary Taylor Dollar Released, US Mint Sales Figures, US Type Set
Welcome to Coin Update!
We bring you a round up of coin collecting news and articles from various sources around the internet! First, the release of the Zachary Taylor Presidential Dollar. Also, US Mint weekly sales report, Wall Street Journal covers the coin market, Julian Leidman coin theft update, coin collector viewpoint, toned coins, gold demand, coin packaging premiums, assembling a U.S. Type Set, and notable auctions. On to the links…
Today, the United States Mint began sales of the Zachary Taylor Presidential Dollar Rolls. This marks the final release of the year for the Presidential Dollar series.
The latest weekly sales report for United States Mint products is now available. The closely watched 2009 Proof Gold Buffalo coin added 4,316 to bring the total sales to 32,271.
The Wall Street Journal takes a look at the coin market. According to the article, “Today’s coin market is largely defined by high-end investors grabbing the rarest of coins that infrequently come up for sale; gold bugs snapping up gold coins; and speculators bidding up prices for coins whose grades they suspect are too low, in the hopes of securing a higher grade and selling them for more money.”
A happy ending to the Julian Leidman coin theft, which occurred following the Coinfest show in October. The majority of the coins stolen have been recovered.
A Numismatic News Viewpoint article where a collector shares his experiences buying coins, selling part of his collection, and what happened when he sent some raw coins he purchased to grading services.
A woman left coins valued at $40,000 at a religious shrine for safekeeping when she needed to leave home quickly. The coins were concealed under a pile of leaves near the shrine’s grotto.
Part Two of The Basis for Collecting and Appreciating Naturally Toned Coins has been posted on CoinLink.
In the third quarter of 2009, identifiable gold demand dropped by 34%, mainly attributable to comparison to an exceptionally strong year ago period. When compared to the preceding quarter, gold demand rose about 10%.
The five coins contained in the Lincoln Coin and Chronicles Set can be obtained for about $100 less than the price of the packaged set.
A lengthy but interesting account of a collector assembling a U.S. Type Set.
And now for some notable auctions. First, an early Lincoln Cent which displays some attractive toning. The auction title calls the coin “King of Ultra Toned Lincoln Cents.”
A full set of 1986 to 2008 Proof Silver Eagles. All coins are graded NGC PF 69 Ultra Cameo.
One of last year’s US Mint products which is experiencing renewed interest and higher prices. The Double Prosperity Set, which contains the one half ounce 2008-W Gold Eagle and Gold Buffalo coins.
That’s it for today!
