Welcome to Coin Update!
We’re back to bring you another round up of coin collecting news and articles from around the internet! First, timely information on the United States Mint’s numismatic products, including a new release and a likely price decrease. Also, the CCAC discusses potential themes for future commemorative coin programs, Coin of the Year awards, more on the suspension of Presidential Dollars, reviews of 2011, Saint Gaudens Double Eagles at auction, 1933 double eagle, Year of the Dragon coins, articles on gold and silver, and notable auctions. On to the links…
Mint News Blog provides details on the US Mint’s latest numismatic product release, a likely price decline for gold and platinum products, and some preliminary information on 2012 products.
The Citizens Coinage Advisory Committee had a discussion about potential themes for future commemorative coins.
A bill seeking US Marshals commemorative coins will likely have to wait until next year for a Senate vote. The bill has already been approved by the House of Representatives.
Krause Publications has announced the winners of the 2012 Coin of the Year Awards. For a second year, the United States Mint did not win any awards. Today’s coin image is one of the winners from the Mint of Finland, which was designed by a 17 year old.
Here is CoinWorld’s coverage of the suspension of production for Presidential Dollars. A Treasury Department spokesman indicates that the US Mint’s total profit through seigniorage for the coins is negated by shipping and storage costs, which doesn’t seem correct. The US Mint’s most recent annual report indicates seigniorage of $282.8 million from dollar coins. A recent report by the Federal Reserve board of governors indicates incremental costs of $3.65 million for transportation and storage of dollar coins.
Here are some Washington Post letters to the editor in response to the $1 coin production suspension.
During 2011, there have been some significant new discoveries and new issues in the realm of U.S. modern coins.
Here is a survey of the numismatic auction scene during 2011, ranging from million dollar coins to coins sold for less than $100.
Coin Rarities & Related Topics writes about Steven Duckor’s collection of Saint Gaudens Double Eagles that will be auctioned by Heritage at the FUN convention.
Steve Roach describes some of the nuances for the series related to production quality, the impact of hoards, and the impact of melting.
The PCGS Library presents CoinFacts information on the most famous coin of the series, the 1933 Saint Gaudens Double Eagle.
A comprehensive account of the Year of the Dragon coins offered by various world mints.
In an interesting move, the Perth Mint will begin the sales of their next coin releases at one minute past midnight local time in an attempt to slow the stampede of orders from Australia.
Will some European countries have to sell their gold? The article also looks at some other factors which may have recently weighed on gold.
An article on the potential losses for investors who held warehouse receipts for gold and silver bars at MF Global.
And now for some notable auctions. First, the 1935 Connecticut Tercentenary Half Dollar along with the original box of issue from the Hartford National Bank and Trust Co. and first day of issue stamp covers containing the Charter Oak 3-cent stamp.
Next, a Wayte Raymond album containing the 1950-1957 Proof Sets. The listing includes large sized images of every coin included.
Last, the proof version of the 2008-W Jackson’s Liberty $10 Gold Coin, which features the obverse design of the Capped Bust lettered edge half dollar.
That’s it for another update. See you next time!
