Welcome back to Coin Update!
We’re here to bring you one final round up of coin collecting news and articles to finish the week! First, amidst market turmoil, gold breaks above $1,200 per ounce. Also, proposal for Mother’s Day Silver Dollars in 2014, First Spouse Coins and Medals, the Mini Roo gold coin, big Russian coins, 1959-D Lincoln Cent with Wheat Ears reverse, a high school student’s coin appraisal business, and notable auctions. On to the links…
After breaking above the closely watched $1,200 per ounce level on Thursday, the price of gold held onto the gains today and traded as high as $1,214.90.
A bill introduced more than a year ago seeking Mother’s Day Commemorative Silver Dollars has just passed in the House of Representatives. If approved, the coins would be issued in 2014 for the centennial of the establishment of Mother’s Day.
Two recent “First Spouse” posts from Mint News Blog. The first relates to the recent price increase for the First Spouse Gold Coins and some related observations. The second relates to the First Spouse Bronze medals and the recent sell out of the 2009 five medal set.
The Perth Mint introduces the “Mini Roo“, a tiny 0.5 gram 99.99% pure gold coin.
On the other end of the spectrum, here’s a brief article on some of the huge precious metals coins issued by Russia, including 3 kilogram gold and silver coins.
Some intriguing background on the controversial 1959-D Lincoln cent with Wheat Ears reverse, which will be sold at Goldberg’s Pre Long Beach auction.
Numismatic News on the CSNS Convention. According to the article, dealers either had a great show or were unhappy with the low public attendance.
Results and highlights from Stack’s Coin Galleries auction sale, with highlights of some of the ancient and world coins sold.
Here’s a story about an eighteen year old high school student who runs a coin appraisal business and also offers to create investment portfolios of coins, precious metals, and currency.
And now for some notable auctions. First, a full set of 1948-1963 Franklin Half Dollars, with all coins graded PCGS MS64FBL except for the 1953-S.
Next, a 1973-D Washington Quarter that was double struck on a 2.1 gram scrap planchet. The error coin is certified by PCGS.
A previous edition of Coin Update included a link to an article about upcoming Massachusetts abandoned property auctions. Some of the first lots of coins are now up for auction here.
That’s it for this week! Have a great weekend!
Folks,
Just remember that Russian gold mined from anytime before 1960 was done by a slave labor system This was especially true of the Stalin era. Kolyma was the largest gold mine where hundreds of thousands of innocent prisoners perished extracting gold for the USSR. I cannot in good conscience buy gold from them nor can I buy pre-1990 South African Kruger Rands for similar reasons.
I understand that gold is gold, but most of us would not want to buy the gold fillings that the Nazis extracted from concentration camp victims if we could help it.
Steve,
How do we know that some of the gold used for the U.S. bullion coins did not originate from these origins? What about that ring we wear on our fingers? Yes! Those were disgusting circumstances, but history is history. We must move on. Gold is gold, regardless of its origins. Unfortunately, there is no sufficient way of telling the origins of any particular gold, especially after it has been recycled.