Welcome to Coin Update!
We’re back to bring you another round up of news and articles on coins and coin collecting! First, the United States Mint reveals the designs for next year’s Presidential Dollar coins. Also, the latest US Mint sales report, the multimillion dollar sale of a famous Morgan Dollar collection, NGC Registry awards, Lincoln Memorial Cent varieties, three new coin videos for your viewing pleasure, two very different perspectives on gold investment, and notable auctions. On to the links…
The designs for the 2010 Presidential Dollars have been unveiled by the US Mint. Next year’s coins will feature Millard Fillmore, Franklin Pierce, James Buchanan, and Abraham Lincoln.
This week’s US Mint sales report indicates that 7,207 of the 2009 Proof Platinum Eagles were sold in the opening few days. With a maximum authorized mintage of only 8,000 coins, a sell out should be close at hand.
More from Coin Update News:
A Craigslist Coin Purchase Beyond My Expectations
Legend Numismatics has sold the Sunnywood Toned Morgan Dollar Coin Collection in a multimillion dollar transaction. Each coin in the famous “Somewhere Over the Rainbow” collection features “attractive, original color, at least on the obverse.”
The deadline for the NGC 2009 Registry Awards is tomorrow December 10 at 5:00 PM ET. Winners will be selected for a number of categories with one grade prize winner who will travel to NGC facilities in Sarasota, FL for a personal registry set consultation.
A Paul Green article on Numismaster that provides some perspectives on the the switch to the Lincoln Memorial reverse design in 1959. The article goes on to discuss some of the interesting varieties that the series would produce.
A trio of new coin related videos have recently popped up. The first is the latest new episode of Spare Change posted on CoinsTV.com. Watch the American Gold Eagle video.
The second is a video from PCGS. It’s intended to be a humorous look at the grading process, although parts of it sure make you wonder…
Coined for Money has a post on an Australian five dollar note, which includes a great video on the process of creating plastic bank notes.
Patrick Heller on the growing shortage of physical gold and silver bullion products and the resulting rising premiums.
For a counterpoint, the Bank of Korea recently provided some overwhelmingly negative comments regarding gold investment. The head of the bank’s reserve management department described the “illusion in gold” stating that it “offers little value with no cash returns.”
And now for some notable auctions. First, the complete 10th Anniversary Gold Eagle Set including the 1995-W Proof Silver Eagle. All coins are graded PCGS PR69DCAM and the original US mint packaging is included.
Next, a collection of Flying Eagle and Indian Head Cents. The set is being auctioned by the state of Massachusetts as abandoned property from a safety deposit box. Is there an 1856 Flying Eagle Cent in the set? Read the questions and answers section of the auction for the ambiguous response.
Last, the 1997-W Jackie Robinson $5 Gold NGC MS 70. Prices for this key date gold commemorative coin seem to be on the decline.
That’s it for today. Have a great evening!
