Welcome to Coin Update!
We’re back with a fresh round up of coin collecting news and articles from a variety of sources around the internet! First, the latest US Mint sales report, which contains the opening sales figures for the 2010 Platinum Eagle proof coin. Also, the US Mint establishes a new brand promise and identity, “undoctoring” coins, Estonia and the euro, counterstamped coins, several more reports and auction results from the ANA World’s Fair of Money, gold prospecting, 1099 requirements, and notable auctions. On to the links…
The initial sales figures are available for the 2010 Proof Platinum Eagle. Between the release date August 12 and the sales reporting date August 15, a total of 8,268 coins have been sold from the maximum mintage of 10,000.
Today, prices for the proof platinum coin were reduced by $100, perhaps giving some collectors a quick dose of buyer’s remorse. At the same time, prices for gold coins were raised.
Branding firm Siegel+Gale have developed a new “brand promise and identity” for the United States Mint. Collectors have already been seeing the new logo and “Connecting America through Coins” on some marketing materials. Starting in 2011, these will be incorporated into the packaging for the annual coin sets.
Dave Harper discusses the cottage industry that has developed to “undoctor” previously doctored coins to restore them to a more natural state.
NPR has a segment on Estonia’s upcoming switch from the kroon to the euro, in light of the recent struggles within the European Union.
A post by Numistories provides an overview of counterstamped coins which offer “twice the history.”
More reports and observations from the recently concluded ANA World’s Fair of Money from Greg Reynolds for his weekly CoinLink column, John Feigenbaum of David Lawrence Coins, Numismatic Americana, and Patrick Heller on Coin Update News.
Additionally, here are some auction results from Stack’s including the Johnson-Blue Collection and from Heritage with total prices realized exceeding $46 million.
After spending years living in a tin shack, a persistent prospector finally strikes it big with a gold discovery in the Yukon.
The ANA is urging its members to contact Congress and ask for a repeal of the upcoming 1099 requirements that will require businesses to issue the forms for purchases of goods and services of $600 or more.
And now for some notable auctions. First, the 8-8-08 Double Prosperity Set which includes the uncirculated versions of the 2008-W $25 Gold Eagle and 2008-W $25 Gold Buffalo. Both coins have been graded NGC MS 70.
Next, a 2008-D Hawaii Quarter with a dropped letter, encapsulated as a Mint Error by PCGS. The dropped letter “T” appears next to the mint mark “D”.
Last, an 1883 Morgan Dollar contained in a vintage American Savings holder. The coin has acquired some colorful toning after the years spent in the cardboard and plastic holder.
That’s it for this update. See you next time!
