Welcome to Coin Update!
We’re back to bring you another fresh round up of coin collecting news and articles from across the internet! First, the Citizens Coinage Advisory Committee’s review of the design candidates for 2012 Star Spangled Banner Commemorartives. Also, an article on the family owned business that sold almost $2 billion worth of gold to the US Mint this year, reaction to 25th Anniversary Set sell out, protecting your collection, coin doctoring definition, Stacks Bowers auction, rare coin market report, dollar coin debate, more 2012 Year of the Dragon coins, and notable auctions. On to the links…
When the CCAC reviewed the design candidates for the 2012 Star Spangled Banner Commemorative Coins, they took an interesting approach of considering all gold and silver candidates together and then recommending designs for each coin.
BusinessWeek has an article on Coins ‘N Things, the largest seller of gold to the US Mint. In 2011, the Mint has bought $1.86 billion worth of gold from the company.
The author of this Numismatic News Viewpoint feels that the US Mint short changed the “little guy collector” with the circumstances of their 25th Anniversary Silver Eagle Set offering.
For anyone who successfully ordered a set and plans on getting it graded, here are the instructions from PCGS and from NGC for special encapsulation.
A new article on About.com:Coins provides recommendations for protecting your collection from fire and thieves.
F. Michael Fazzari explores some of the issues with formulating a definition for coin doctoring before providing his own suggested definition.
Stack’s Bowers Galleries will offer coins from the Teich Family Collection at auction. These coins, which have not been touched for nearly 50 years, can teach lessons in originality.
At the same sale will also be a set of die trials for the 1920 Pilgrim Tercentenary Half Dollar from the family of the coin’s designer.
A rare coin market report from Vic Bozarth.
The New York Times has an article on the idea of switching from dollar bills to coins to save money, with some of the main points from supporters and opponents.
Letters to USA Today provide some more perspectives on a potential switch.
A Canadian gold mining town once called “the mile of gold” is regaining its luster, with previously closed mines reopened and real estate prices soaring.
Colored proof gold coins are another collector option for the Perth Mint’s 2012 Year of the Dragon Coins.
And now for some notable auctions. First, here is an 1881-S Morgan Dollar in a rarely seen first generation black NGC holder. Since the coin is a common date and grade, the holder accounts for pretty much the entire price.
Next, a quickly sold out product from the US Mint’s past- the 1997 Botanic Gardens Coinage and Currency Set. Limited to only 25,000, it included a matte proof 1994-P Jefferson Nickel only issued within the set.
Last, a collection of modern commemorative silver dollars in two parts. Book one contains 53 coins from 1984 to 1996, and book two contains another 53 coins from 1996 to 2006. The low mintage 1995-1996 Olympic Silver Dollars are included.
That’s it for the update. Have a great day!
