Welcome back to Coin Update!
Here’s one final round up of coin collecting news to take you into the weekend. Today gold passed the $1,000 per ounce mark. Also, more sell outs at the US Mint, William Henry Harrison Dollars, PCGS in a new agreement with the New Zealand Mint, the Sanford scandal, US Mint coin production during 2009, possible rhodium coins, and notable auctions. On to the links…
This morning gold briefly traded above the closely watched $1,000 mark. Gold’s all time high price in US Dollars is $1,033.90 reached on March 17, 2008.
The World Gold Council recently released their fourth quarter report on gold demand, which shows an incredible 811 percent increase in demand for gold coins and bars compared to the year ago period.
Three more sell outs at the US Mint. The sold out coins included two of the 2008-W Uncirculated Gold Eagles and the Double Prosperity Set.
William Henry Harrison Presidential Dollar Rolls went on sale at the US Mint yesterday. The usually offered 250-coin bags were curiously missing.
PCGS establishes an agreement with another world mint. This time its the New Zealand Mint. PCGS will grade examples of new commemorative and bullion coins and open a local service center.
The recent Stanford scandal reaches the rare coin industry.
Numismatic News takes a look at the first month’s circulating coin production from the US Mint. Things are off to a very slow start this year.
On CoinLink, an interesting examination of the Classic Head Quarter Eagle and Half Eagle Gold Coins.
Many people have started to express interest in rhodium, after its recent fall from more than $10,000 per ounce to its current level around $1,000 per ounce.This blog post examines the metal and reports that rhodium coins might be available in the next few months.
And now for some notable auctions. First, what appears to be the first certified 2009 Ultra High Relief Double Eagle listed on eBay, which the seller actually has in hand. This one is graded NGC MS 69.
An enormous lot of 50 (fifty!) 2009 $50 American Gold Eagles all graded NGC MS70.
Last, how much is Andrew Brunhart’s autograph worth? (He’s the US Mint Deputy Director.)
That wraps things up for this week.
Over the weekend, be sure to check out Coin Review. The site has only been online for a few days but collectors have already left 55 coin reviews!
Here’s one review posted for the Louisiana State Quarter:
This is easily one of the worst designs of the entire State Quarters series. It seems like this design was created by a committee, as the use of three distinct and unrelated elements simply do not make for a cohesive overall design. The trumpet with musical notes in particular seems like a complete afterthought. A design based on just one of the themes – preferably the Louisiana Purchase – would have been a definite improvement.
Hi: About your link to Numismatic News on 2009 coin production figures. I had ask you on one of your other updates about the Sac dollars mintage #’s. You gave me a good answer, but now I have another question that I posted as a comment on Numismatic News as follows:
“I know the mint lists the above production figures you have, but I know the 2008 golden dollars were listed @ about 1.7 mil. until the end of the year & then jumped way up. Was the jump due to the 2009 golden dollars being produced in 2008 (as I have been told) & listed under the 2008 production figures? If so, how are we going to know what the production figures are for each year, by the date on the coin (2008 x amount & 2009 x amount)? I hope I get a reply. Thank you”
Any further comment would be appreciated—Thanks
The same thing happened in 2007-2008. In December 2007, the annual total for dollars and half dollars jumped significantly. In March 2008, the last-minute dollars and halves were belatedly removed from the 2007 totals and added to the 2008 totals.
Ryan,
Thanks for your input on this. I have also put in an inquiry on 2008 specifically, but it will likely take a while to get an answer.
Michael