Welcome back to Coin Update!
Here’s another round up of coin collecting news from all over the internet. First, gold stabilizes around the $900 level and shows a slight rebound, even as sentiment has turned. Also, the apparent large proportion of 2009 UHR Double Eagles graded PCGS and NGC MS70, new commemorative coin authorization rules, survey results on the US Mint’s new return policy, eBay’s coming initiatives, Liberty Dollars, activist investors put pressure on Collectors Universe, the slab vs. raw coin debate, and notable auctions. On to the links…
After reaching its lowest point in one month, the price of gold rebounds. Interestingly, the positive sentiment for gold has plunged recently, which can be seen as a bullish indicator.
There seems to be a very high proportion of MS70 graded Ultra High Relief Double Eagles.
It will now become hard to authorize new commemorative coins following new authorization rules adopted by Congress.
Results from a past survey which suggests that the majority of US Mint customers do not believe the new 7 calendar day return policy provides enough time for returns to take place.
EBay executives received no incentive bonuses for 2008. The same post also lays out some of eBay’s coming initiatives.
Remember the privately minted Liberty Dollars? Here’s an article which suggests most businesses are more than happy to accept them as payment in leiu of paper dollars.
A penny related protest. A man from Bristol, Virginia brought about 170 pounds of pennies to the electric company’s office to pay his $350 electric bill.
Activist investors who have acquired 8.8% of Collectors Universe have called for the immediate sale of the company to maximize shareholder value. Collectors Universe is the parent company of PCGS.
Two new coins from the British Royal Mint. The first marks the 250th anniversary of the birth of Robert Burns. The second marks the 50th anniversary of the Mini.
Some great perspectives from Coin Network members on the slabbed coins vs. raw coins debate.
And now for some notable auctions. First, incredibly someone has a 1936 Proof Set still packaged in the original box!
Here’s a dutch auction for a huge batch 2009 Presidential Dollar Proof Sets. All four 2009 Presidential Dollars are graded NGC PF 70 Ultra Cameo.
Last the 1955 Double Die Lincoln Cent PCGS MS64RD in an old PCGS rattler holder.
