Welcome to Coin Update!
We’re back with another round up of news and articles on coins and coin collecting. First, the intriguing story behind e-gold, the digital currency backed by gold which became the unforeseen tool of criminals. Also, a sold out product unexpectedly goes back on sale at the US Mint, the “Stories on Money” exhibit, an amicus brief filed for the 1933 Double Eagles case, Lincoln cent and gold coin rarities, encouraging new collectors, numismatic photography, and notable auctions. On to the links…
Wired.com examines the rise and fall of the first digital currency backed by gold and silver known as e-gold. At e-gold’s peak, the currency was backed by 3.8 metric tones of gold worth more than $85 million.
After “selling out” more than a week ago, John Tyler Presidential Dollar Rolls make a reappearance on the US Mint’s online catalog. Despite now being available at the original price, rolls continue to sell on eBay for nearly double the price.
An exhibition at the National Museum of American History called “Stories on Money” will open June 12. The exhibit will draw from some of the 1.5 million objects in the museum’s National Numismatic Collection.
The Professional Numismatists Guild filed an amicus curiae brief in the court case for the ten 1933 Gold Double Eagles.
An examination of the 1909 VDB Matte Proof Lincoln Cent, called “one of the most explosive and irresistible items” of the series. The coin boasts a low mintage and low survival rate.
On the continuing topic of rarities, Blanchard has sold an 1843 three coin gold proof set. The set is the finest known, with estimated five coin mintages for each denomination.
And now for some notable auctions.First, the 2008 W Proof Platinum Eagle 4 Coin Set with all four coins graded NGC PF 70 Ultra Cameo.
Someone already has a full set of 2009-S Bronze Lincoln Cents graded NGC PF 70 Ultra Cameo available for sale. That was quick.
Last, a sealed box of 50 2009 Lincoln Silver Dollar Commemorative Coins.
Have a great evening!
