February 23, 2012

September 25, 2010: Palladium Eagle Coins, National Park Quarters, Regulating Precious Metals Investment

Welcome to Coin Update!

We’re back with a final round up of coin collecting news and articles to conclude the week. First, legislation is introduced seeking Palladium Eagle bullion coins with Adolph A. Weinman’s Mercury Dime design. Also, where to find National Park Quarters, several reports following the Congressional hearing on regulating the sale of precious metals coins, Olympic Gold Medal for sale, early days of the Lincoln Cent, 1943 Bronze Lincoln Cent, and notable auctions. On to the links…

New legislation has been introduced seeking the authorization of American Palladium Eagles, which would feature the obverse design of the Mercury Dime. Previous attempts to authorize palladium bullion coins have been unsuccessful.

A frequent question that we receive is “Where Can I find National Park Quarters?” Since there are no special ordering procedures in place for banks, the coins have been more difficult to find than the previous State Quarters. The article provides some known sources for obtaining each new release of the series.

There have been numerous articles following the Congressional hearing to regulate the sale of gold coins. Here are reports skewed to each side form Mother Jones and ABC News.

On the same topic, here is an article from Dave Harper asking whether these developments should make us “cry or cringe,” and comments from David L. Ganz on the problematic requirements of the “Coin and Precious Metal Disclosure Act“.

An Olympic Gold Medal from 1980 U.S. Olympic hockey team is for sale, although the author of the article unfairly characterizes collectors as people just wanting to get paid.

A look at the creation of the Victor D. Brenner’s Lincoln Cent design and the coin’s initial release in 1909 when limits were imposed and coins changed hands at a premium to face value. The topic of the “V.D.B.” initials on the coin is also covered.

Coinlink has a new monthly column from Vic Bozarth, a rare coin road warrior.

The unique 1943-D Bronze Lincoln Cent has become the most valuable cent in the world after selling for $1.7 million.

And now for some notable auctions. First, a 1976 Bicentennial Eisenhower Dollar Error that is double struck with the second strike 85% off center.

Next, the complete 2006 San Francisco Old Mint Gold and Silver Set, including proof and uncirculated coins graded NGC MS 70 and PF 70 Ultra Cameo. Reverse designs from classic coins were used for the series, which didn’t seem to attract as much attention as coins reusing popular obverse designs.

Last, a lot of 58 State Quarter Rolls from US Mint packaged two roll sets, with a starting bid set at face value.

That’s it for this update. Have a great weekend!

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