Welcome to Coin Update!
Hope you had a good weekend. We’re back with another round up of coin collecting news and articles from around the internet! First, the auction for the 100 kilogram Gold Maple Leaf coin sells for $4.02 million, with only one bid placed. Also, the latest Coingrader Capsule, coin design, 1882 Gold Double Eagle, new online coin marketplace, NGC Census update, World’s Fair of Money, COMEX silver inventories, silver investment, and notable auctions. On to the links…
The much publicized auction for a 100 kilo Gold Maple Leaf coin has met with disappointing results. It was sold for $4.02 million, or its exact metal worth. The auction room was packed with more journalists than potential buyers.
The latest edition of Coingrader Capsule explores VAMs. Close examination of the various devices of Morgan Dollars and Peace Dollars can sharpen coin grading ability.
Dave Harper provides some thoughts on improving coin designs, following the recent attention generated by comments from the CFA and CCAC. Will any of our modern designs one day be considered great art?
Some additional background on the rare 1882 Double Eagle that will be offered at Heritage’s Summer FUN auction.
Ian Russell has announced plans to create a new online marketplace for coin collectors, dealers, and traders. The site GreatCollections.com will launch in late 2010.
NGC has just revamped their Online Census. In addition to including information on Plus graded coins, all varieties and pedigrees are now hidden behind an expand button, making for a much cleaner report.
Coin Collector’s Blog reacts to an interview with ANA Executive Director Larry Shepherd about the decision to base the summer World’s Fair of Money in Chicago.
The latest from Patrick A. Heller, is a run on COMEX silver inventories already underway?
On a related note, here is an article on the investment performance of silver. It has posted a gain for the past six consecutive quarters, the longest winning streak in three decades.
And now for some notable auctions. To start, here are two auctions for 50 rolls of 2010 Lincoln Cents stamped and canceled from the launch ceremony on February 11, 2010 in Springfield, Illinois. The first auction is for fifty 2010-P rolls and the second is for fifty 2010-D rolls.
Next, the proof version of the Julia Tyler First Spouse Gold Coin. The lower mintage uncirculated version has been fetching big prices following the conclusion of US Mint sales.
Last, a starter collection of Morgan Dollars. Included are 25 different coins, all graded PCGS MS65.
That’s it for this update. See you next time!
Maybe it’s just not that much of a work of art to justify paying more than its intrinsic value for a bunch of maple leaves.