Welcome to Coin Update!
We’re back with another round up of coin collecting news and articles from around the internet! First, several articles related to National Park Quarters, as the release date for the first coin of the series approaches. Also, design candidates for the 2011 Native American Dollar, Canadian coin composition changes and the vending industry, Australian rare coin market, metal detecting find, highlight of the CSNS auction, overdate coins, and notable auctions. On to the links…
Leading into the release of the first coin of the series, the United States Mint has released coin images for all of the 2010 America the Beautiful Quarters. It’s always interesting to see how the artist’s drawings translate to coin images.
The first US Mint products for the new series will be available on Monday when the Hot Springs National Park Quarter bags and rolls go on sale.
In one more related article, NGC has provided instructions for submitting America the Beautiful Quarters to receive a specially designed label and “First Day of Issue” or “Release Ceremony” designations.
On Friday, the CFA reviewed the design candidates for the 2011 Native American Dollar. The theme of the design is Diplomacy: Treaties with Tribal Nations.
Following the news that Canada would be altering the composition of certain coins, the Canadian vending association has expressed concerns that the extra costs of converting equipment to accept the new coins will far outweigh the savings generated from the cheaper compositions.
An article about a new coin shop owner who has come full circle with his business career.
From the other side of the world, an article about the rare coin market in Australia, which is described as a big beneficiary of the global financial crisis.
Metal detecting find of 178 12th century coins from the reign of Henry I. The collection is believed to be worth £40,000.
A highlight of the upcoming Heritage Central States US Coin Auction, the 1861-S Paquet $20 Double Eagle.
This Numismaster article examines the area of overdates, when a numeral of a coin’s date is punched over an existing number, from some of the more famous ones like the 1942/1 Mercury Dime to other lesser known occurrences.
And now for some notable auctions. First, a 1943-S Lincoln Steel Cent in the incredible grade NGC MS 69. The NGC Population Census shows only a single Steel Cent at this grade level.
To go with one of today’s stories, here’s a 1942/1 Mercury Dime graded NGC AU 50.
Last, a 1970-D Washington Quarter struck on a one cent planchet. The coin is authenticated by NGC and graded MS 66 RB.
That’s it for now. See you next update!
The 1943-S Lincoln Steel Cent is a very nice coin, but is severely overgraded! Due to the light contact marks on the obverse and what appears to be a strikethru or a very large abrasion on the reverse between the letter “T” and the wheat leaf, this coin should not have been graded higher than MS66. These are obvious flaws that should not appear on a coin with the grade MS69!
This coin should have been graded as MS65STAR at best.