Welcome back to Coin Update!
We’re back with a Friday round up of coin collecting news to bring you into the weekend. First, gold stories on Fort Knox to the long proposed IMF gold sale. Also, the Puerto Rico launch ceremony, the upcoming 2009 Lincoln Cent launch ceremony, a different kind of US Mint complaint, NGC adds images to cert verification, follow up on a prior story, the “King of Dollars,” coin world record, and notable auctions. On to the links…
Is there any gold inside Fort Knox? Based on this article, no independent audit has been done on the reported $137 billion in gold in Fort Knox in decades. A separate Bill and FOIA request hope to shed light on the question.
The IMF Gold Sale, which has been in the works since 2007, yesterday received the endorsement of the G20.
The official launch ceremony for the Puerto Rico Quarter was held on April 2, in Old san Juan’s La Arcada in Paseo La Princesa.
Next up, details for the second 2009 Lincoln Cent launch in Indiana. Will we have a repeat of the Hodgenville, Kentucky launch that rewarded many of the attendees?
First, US Mint customers complained because there wasn’t a signature requirement for expensive gold coins shipped to their homes. Now, some are complaining because there is a signature requirement. I have to believe there will be less complaints for the latter situation.
NGC has now added coin images to their certification verification pages. They began imaging all coins certified from October 2008, and now have nearly 1 million images. Here’s an example of the new images for a 1968 Washington Quarter from my collection (login is required on NGC’s site).
Remember the story about the $20 Gold Double Eagles that were refused at a Walmart and later cashed in at a bank for face value? As some suspected, the coins were intially stolen. The woman was arrested and the rightful owner of the coins has been found.
Coin Collector’s Blog provides a report from the Whitman Baltimore Coin and Currency Expo held last weekend.
The King of Dollars will go on sale at the CSNS Convention. The coin sold for $3,250 in 1950, then $2,745,000 in 2006. What will it bring this year?
Another coin related world record has been set. This time its for the longest line of coins, which reached a distance of 65 miles, composed of 15.8 million pennies.
And now for some notable auctions. The price of 2009 Lincoln Birthplace Cent Rolls has come down, but not as much as I would have expected. Here is a Buy It Now auction for Two Rolls Sets in generic wrappers priced at $17.90 that seem to be selling briskly.
Here’s the 1909-S Lincoln Cent graded NGC MS66RD. This coin is often overshadowed by the 1909-S VDB, but also represents a very low mintage issue.
Last, a box of 100 1963 Proof Sets, still sealed in the original shipping box from the US Mint after all these years.
