Welcome to Coin Update!
We’re back with another fresh round up of coin collecting news and articles from around the internet! First, the unusual state of our circulation coinage and the new legislative proposal to strike cents and nickels from steel. Also, more articles following the suspension of production for $1 coins, two coin market reports, several articles covering important world and ancient coins at upcoming auctions, third party coin grading, Viking silver hoard, silver investment, Star Spangled Banner commemorative coin designs, and notable auctions. On to the links…
Here is an examination of the legal requirements, specifications, cost to manufacture, seigniorage generation, and production levels for each of the circulating coins issued by the United States Mint.
Two bills have just been introduced in Congress, which would seek to immediately change the composition of the cent and nickel to steel.
The recent decision to stop production of dollar coins has prompted a swarm of dollar coin advocates on Capitol Hill. The article mentions an upcoming Senate bill which will seek to phase out the dollar bill.
MSN Money provides some reasons why $1 coins haven’t caught on in the United States.
A coin market report covering following the Annual Money Show of the Southwest, Teletrade’s 25th Anniversary auction, and Heritage’s New York Signature Auction.
Another market report from Harry Miller, which notes modern issues as the most negatively effected by the economy in 2011.
Sotheby’s will auction a collection of almost 38,000 coins related to Spanish history expected to raise between $25 and $35 million. The collection will be offered as a single lot in a sealed bid auction.
A silver decadrachm from ancient Greece goes up for auction in January with an opening bid of $2.5 million. If sold, it would establish a new record price for an ancient Greek coin.
A newly discovered 1766 pattern Rouble depicting the bust of Catherine II is estimated to sell for around $1 million.
Dave Harper has some thoughts on the impact of the expansion of third party authentication and grading to other countries.
Here is a preview of the World Money Fair 2012 to be held in Berlin. It is fully book with over 300 exhibitors from 45 countries.
For the seventh year in a row, an anonymous donor dropped a gold double eagle into a Salvation Army kettle wrapped in a note reading “In loving memory of Mimi.”
Images of a recently discovered Viking hoard of silver, which included a previously unknown coin type.
Marketwatch has an article on silver, which might be a bargain at less than $30 per ounce.
Here’s another look at the designs for the 2012 Star Spangled Banner commemoratives, compared to the recommendations made by the CFA and CCAC.
And now for some notable auctions. To go with one of today’s articles, here is an original bank roll of 1943-D Steel Cents.
Next, a weekend coin dealer’s certified coin inventory. The lot contains 26 coins, including a 1909-S VDB Lincoln Cent PCGS MS64RB.
Last, a complete set of 2005-2008 American Legacy Collections. These US Mint produced collections included the coins from the regular proof set along with one or more proof commemorative silver dollars.
That’s it for the update. Have a great weekend!
