Welcome to Coin Update!
We’re back with a fresh round up of coin collecting news and articles from around the internet! First, the debut sales figures for the 2010 Proof Set don’t measure up to last year’s offering. Also, 2010 Native American Dollar design, coin market update, ANA show auctions, different methods of collecting coins, promoting dollar coin use, greatest United States Mint gold shipments, 1099 form requirements, Yosemite National Park Quarters, and notable auctions. On to the links…
The latest US Mint numismatic sales report includes the opening number for the 2010 Proof Set. Continuing the recent trend, sales were lower compared to last year.
According to readers of Mint News Blog, the best U.S. coin design for the year so far is the 2010 Native American Dollar featuring the Hiawatha Belt. This design was also included on in the CCAC’s image reference guide of design excellence.
An update on the coin market from John Feigenbaum of David Lawrence Rare Coins provides a little more tempered view of the “hot” coin market and looks ahead to the ANA show.
Steve Roach comments on the buzz before the ANA show and provides an overview of the three major auctions that week.
Heritage’s U.S. coin auction will include the only known plain edge, wire rim Saint-Gaudens ten dollar pattern coin. This coin is believed to be the only time the artist saw his work in coin form.
Some interesting results from a Numismatic News poll. A surprisingly large 42% of respondents expressed that they were in favor of seeing commemorative issues with color, holograms, or other advanced features.
This post on methods of collecting coins provides some different alternatives for assembling a collection: type, grade, year, or mint mark.
A personal campaign to promote the use of dollar coins has gotten the attention of the U.S. Treasury Department. Charlie Smith, who has circulated 20,000 of the coins, will meet with U.S. Treasurer Rosie Rios to discuss his efforts.
An article published on CoinLink detailing the two greatest gold shipments in the history of United States Mints.
Another article on the upcoming requirement to collect information and file 1099 forms for business transactions exceeding $600 per year. One dealer interviewed said the new law could shut down her business, another predicts that many gold and coin sales will move underground to an immediately established black market.
Today, the US Mint began sales of the Yosemite National Park Quarter bags and rolls. Despite low mintages for the series, a combination of factors will likely keep the coins plentiful for collectors.
And now for some notable auctions. First, a 1928 Saint Gaudens Double Eagle graded PCGS MS66+ in the new PCGS Secure Plus holder.
Next, the key date 1877 Indian Head Cent graded NGC XF 45.
Last, a mint error for the first year of the Sacagawea Dollar series. It’s a 2000 Sacagawea Dollar with 130 Degree Rotated Die graded PCGS MS65.
That’s it for this update. See you next time!
