Welcome to Coin Update!
We’re back for another fresh round up of coin collecting news and articles from around the internet! First, two recently introduced bills seek Mark Twain commemorative coins and amendment to the distribution of surcharges for the 2009 Lincoln commemorative silver dollars. Also, a news report on penny hoarders and penny sorting, fashions in coin collecting, Canadian banknote overhaul, apprehending a coin thief, hoard of Eisenhower Dollars, 1964 SMS coins, platinum supply and demand, buying gold, and notable auctions. On to the links…
A Senate bill has been introduced which seeks to authorize Mark Twain $5 gold coins and silver dollars to be issued in 2016. There have been numerous attempts to authorize commemorative coins for the author, but none have been successful.
More on the coin legislation front, a House bill would amend the distribution of surcharges from the 2009 Lincoln Silver Dollars. The issue sold out of its maximum authorized mintage, generating total surcharges of up to $5 million.
ABC Nightline had a recent story on “penny hoarders” who have been accumulating 95% copper cents and “penny sorting operations” that sell the copper cents for more than face value.
Dave Harper briefly discusses “fashions” in coin collecting such as collecting Morgan Dollars in the 1980′s and the current fashion of collecting MS69 and MS70 Silver Eagles.
The ongoing overhaul in Canada’s banknotes is the result of an increase in counterfeiting. Canada’s paper money had become one of the most forged counterfeited currencies in the G20.
Video coverage from CoinWeek about the apprehension of a coin thief at the Money Show of the Southwest.
Littleton Coin Company has acquired a hoard of 220,000 Eisenhower Dollars that they say are worth more than $1 million. The five ton stash of coins has been stored in a Montana bank vault for more than 30 years.
Some of the more enigmatic coins of the modern era are the 1964 coin with an SMS finish.
Coverage of gold and silver coins from New Zealand which will feature the national bird, the kiwki, and a yellow flower, known as the kowhai.
Bloomberg reports that demand from automakers for platinum is expected to rise in the coming year, while mine output is expected to contract.
This article provides a basic overview of gold investment and describes five sources for buying gold.
And now for some notable auctions. First, a nearly complete set of $25 Proof Platinum Eagles with coins graded NGC PF 70 Ultra Cameo. The eleven coins included in the collection contain 2.75 troy ounces of platinum.
Next, the key date 1928 Peace Dollar graded PCGS MS63 with CAC verification.
That’s it for the update. Have a great day!
