December 1, 2012: Dollars and Sense Hearing, Liberty on Circulating Coinage, Gold Eagle Bullion Sales

Welcome to Coin Update!

We’re back to bring you another round up of the latest coin collecting news and articles from around the internet!

The House Subcommittee on Domestic Monetary Policy and Technology held a hearing “The Future of Money: Dollars and Sense”. Mint News Blog highlights some specific points from the Acting US Mint Director’s written statement.

More coverage of the hearing which explored potentially moving to cheaper metals for coinage or replacing the dollar bill with coins from CBS News and an overview from CoinWeek. Another nice recap from Columbus Business First.

Coingrader Capsule has sent a batch of coins housed in ANACS, PCI, ICG, and ACG holders to PCGS to see if they “cross over, under, or out.”

The CCAC is supporting a potential six year series of circulating coinage which would showcase Liberty. The Liberty coins would be co-produced with the regular designs featuring the Presidents.

This articles covers the time period around 1860 when demand for proof coins increased and the US Mint began to charge premiums for proofs.

The 1969-D Jefferson Nickel with six full steps is described as the “Golden Fleece” since it is virtually unknown with full steps.

Spanish cultural officials showed the media a tiny portion of the shipwreck treasure from the Nuestra Senora de las Mercedes. The treasure worth $500 million was originally recovered by Odyssey Marine Exploration but transferred to Spain following a court battle.

A coin market report covering the Whitman Baltimore Expo and the Stack’s Bowers auction with total sales of $16.8 million. Here are some additional comments from Q. David Bowers.

PCGS has added new reconsideration and restoration services. Also, fees will be increased starting next year.

A response to the coin related question: “If you carry a penny in your coin tray [of your car], how long would it take for that penny to cost you more than a cent in extra gas?” There are also some other penny related questions.

A new feature on the ANA’s blog will explore items from the Money Museum. The first entry showcases the second to last Canadian Penny.

Four men await trial dates for their part in the theft of $1.3 million wroth of gold and gems from a California museum.

An article on the tradition of anonymously dropping gold coins in Salvation Army kettles.

Sales for American Gold Eagle bullion coins achieved their strongest November sales in 14 years.

And now for some notable auctions. First a single auction for the three lowest mintage Gold Eagles and the lowest mintage Platinum Eagle. The four coins include the 2008-W $10 Gold Eagle, 2011-W $50 Gold Eagle, 2012-W $50 Gold Eagle, and 2008-W $50 Platinum Eagle, with all coins graded NGC MS 70.

Next, the uncirculated version of the 2000-W Library of Congress $10 Bimetallic Gold & Platinum Coin. It comes in the original US Mint box with COA.

Last, a Double Denomination Error 1988 Cent struck on a 1988 Dime and graded PCGS MS66.

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

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