Welcome back to Coin Update!
We bring you a round up of the latest coin collecting news and articles from around the internet! First, coverage of the launch ceremony and coin exchange for the Hot Springs National Park Quarter. Also, the weekly US Mint sales report, new $100 bill design, Canadian coin and note composition changes, Gobrecht Dollars, the 1870-S Seated Liberty Half Dime, precious metals commentary, and notable auctions. On to the links…
From Coin Update News, here’s some coverage of yesterday’s Hot Springs National Park Quarter launch ceremony and coin exchange. The article includes details of the event and plenty of pictures.
The latest US Mint sales report includes opening figures for the 2010 Presidential Dollar Uncirculated Set and the latest numbers for the 2010 Boy Scouts Silver Dollars.
Today the U.S. Government unveiled the new design for the $100 bill. Two advanced technology features have been integrated. The new bills will be released in February 2011, although the old designs will still remain legal tender.
Numismaster provides further details in the $1 and $2 coin composition changes and introduction of polymer plastic bank notes that will be introduced by Canada in 2011.
An introduction to Gobrecht Dollars published on CoinLink, including some background on the designer Christian Gobrecht.
Q. David Bowers answers the question: What is the origin of the 15% buyer’s fee that is charged by most coin auction houses and how does it impact prices?
Some background and price history for the fascinating 1870-S Seated Liberty Half Dime, a unique rarity of American coinage.
A collector from Idaho who specializes in Full Step Jefferson Nickels is the winner of a Mint State High Relief Double Eagle from Heritage Auctions.
The latest precious metals commentary from Patrick A. Heller explains why gold will not reach $5,000 by the end of 2011.
And now for some notable auctions. First, the current auctions for 2010 Hot Springs Quarter Rolls, including some listings for rolls stamped and canceled at the ceremony. Both the number of listings and prices seem subdued compared to levels seen for other recent launches like the 2010 Lincoln Cents.
Next, the 2009 Ultra High Relief Double Eagle Gold Coin graded NGC MS 70 PL Early Releases. Only 8 coins have been graded as such. The bidding has already reached five figures.
Last, a common Morgan Dollar in uncommon grade. Here’s an 1880-S Morgan Dollar PCGS MS68 with CAC sticker.
That wraps up this update. We’ll be back for one more to conclude the week!
What a SHAME!!!!!!!! Collectors bidding such high prices for a 2009 UHR coin that would only grade MS69 with PCGS. There is a clear mark on one of the rays. PCGS does not grade any PL because they do not fit the definition of PL. What really is the significance of an Early Release Coin? Exactly, nothing! I pitty the poor sole who overpays for this coin by $20,000 to $30,000!
-Richard
This genuinely confirms that there are too many people out there with more money than sense! In no way, shape, or form is this coin worth more than $1500! This is an artificially inflated price that is overwhelmingly UNJUSTIFIED! This person should have bought a group of 20 graded MS70 in the regular label instead! Approximately 40% of these coins qualify for Early Release status. This designation carries no merit. Time will reveal the truth! Give it a couple of years. These Early Release coins will trade and sell for the same or less than those graded with the standard regular label.
-Richard