Welcome to Coin Update!
We’re back to start the week with another round up of news and articles on coins and coin collecting! First, the US Mint has now resumed rationing programs for available Gold and Silver Eagle bullion coins. Also, the 2009 American Platinum Eagle proof coin, local coin show coverage, changes to the US Mint Direct Ship Program, Proof Silver Eagle prices, new Presidential Dollar error type, possible opportunities in clad coins, perspectives from a coin cataloger, and notable auctions. On to the links…
On the heels of recent suspensions and sell outs for their bullion coins, the United States Mint has once again started rationing Gold and Silver Eagle bullion coins. The “allocation programs” will have definite impacts for both precious metals investors and coin collectors.
The 2009 Proof Platinum Eagle has now officially sold out. Late last week, the US Mint started accepting orders for a waiting list after sales had been recorded to fulfill the maximum mintage. The waiting list was closed today.
Local coverage of a coin show held in Iowa City. The article takes focus on the history and accessibility of the hobby.
A follow up to the story about frequent flier mile enthusiasts who took advantage of the US Mint’s Direct Ship Program. The US Mint has made adjustments to the program to prevent future abuses.
The lack of 2009 Silver Eagle proof coins has caused disruptions in the secondary market for earlier dates. The prices for common dates have surged, while the prices for scarcer issues have actually declined.
An odd error type has been identified for the Presidential Dollar series. A Martin Van Buren Dollar has been found with a “dropped letter” on the edge of the coin.
Ron Paul has introduced a bill which would repeal legal tender laws and prohibit taxation of certain coins and bullion in order reestablish competing currencies.
Do United States issued clad coins represent an opportunity for collectors?
Perspectives from a coin cataloger on the Heritage Blog. Coin descriptions must satisfy different parties with different expectations and also serve as a future reference material.
And now for some notable auctions. To begin, here are the current eBay auctions for the 2009 Proof Platinum Eagle. For a recently sold out coin, there are very few of them listed on eBay.
The key date 1916-D Mercury Dime with an old ANACS grading certificate from 1982. According to the description, the coin has been in the same personal collection since then.
Last, a 2003-P Alabama Quarter Mint Error, the reverse clad layer is missing.
That’s it for today. Have a great evening!
