Welcome to Coin Update!
We’re here to bring you another round up of the latest coin collecting news and articles from a diversity of sources around the internet! The preliminary production figures for the first release of the America the Beautiful Quarters series suggests some low mintages are in store. Also, the latest US Mint sales report, NGC plus grading and an early opinion of the new designation, two paper money stories, gold demand, the Canadian penny, coins of a different type with the same date, and notable auctions. On to the links…
The preliminary production figures for the Hot Springs National Park Quarter have been provided by the United States Mint. At only 59.6 million, the total marks the lowest level in many decades, but will it lead to higher values?
The latest weekly report of US Mint numismatic sales is available. Franklin Pierce Presidential Dollar Rolls make their first appearance on this report.
NGC has just announced their implementation of the plus grading designation.
This latest edition of Coin Grader Capsule gives NGC “Plus” a “Star” over PCGS’s previously announced Secure Plus grading.
What happens when you receive counterfeit money from a U.S. Post Office. Apparently, you’re out of luck as this man found out.
For paper money collectors, here’s a review of the new edition of the Standard Catalog of World Paper Money.
Gold demand experienced a drop of 25% for the first quarter of 2010 compared to the year ago levels. This was due to a dramatic decline in demand from ETF’s. However, the second quarter of the year is turning out to be much different.
Canadian Senators will meet today to discuss the fate of the penny, which might face elimination. According to the article, it may cost anywhere from 1.5 cents to 4 cents to produce and distribute each penny.
Two unflattering articles related to coin collecting. The first on a dealer reported to be selling counterfeit coins, and the second on a former coin club member who claims many of the members were cleaning coins and passing them off as original.
The second column from Greg Reynolds for CoinLink covering auctions and the new policies of PCGS and NGC, including plus grading.
The latest installment of the PCGS series “same date, different type” which explores the introduction of the Saint Gaudens Double Eagle, Indian Eagle, and Indian Half Eagle designs.
And now for some notable auctions. First, a vibrant rainbow toned 1883-CC GSA Morgan Dollar from the Bryan Sonnier Collection.
Next, a rainbow toned Peace Dollar that has attracted 30 bids and counting. Rainbow toning is much less frequently encountered for Peace Dollars compared to Morgan Dollars.
Last, the 2006-W Uncirculated $100 Platinum Eagle in top grade PCGS MS70.
That’s it for this update! Back later this week.
