May 24, 2013

November 1, 2010: Proof Gold Eagle Sold Out, 1794 Silver Dollar Prices, Silver Manipulation Lawsuit

Welcome back to Coin Update!

Let’s start the new month with a fresh round up of coin collecting news and articles from around the web! The first sell out has occurred for one of the 2010 Proof Gold Eagle product options. Also, the US Mint’s “last opportunity” coins, ANA elections, Obama coins donated, 1794 Flowing Hair Dollar auction prices, PCGS 25th anniversary, National Coin Week Civil War theme, $10,000 gold price prediction, silver market manipulation class action lawsuit, Norweb 1796 Draped Bust Half Dollar, and notable auctions. On to the links…

The widely expected sell out for the individual one ounce 2010 Proof Gold Eagle has occurred, although the coin is still available as part of a 4 Coin Set offering.

The US Mint has added a Last Opportunity section to their online product catalog, highlighting products which will have sales conclude before the end of the year.

Dave Harper looks ahead to the ANA election next June, with one candidate already declared for president and two likely candidates for vice president.

Whatever happened to all of those Obama coins? Winston Elizabeth & Windsor in England is donating 1,500 of the unsold coins to a charity in New Jersey.

Coin Values Online discusses a 1794 Flowing Hair Dollar graded PCGS VF30 that recently sold at auction for a price less than other recent comparable transactions.

With their 25th anniversary approaching, David Hall takes a look back at how PCGS started (as a book) and provides some insights on what to expect for the future.

National Coin Week from April 17-23, 2011 will have a Civil War theme to mark the sesquicentennial. No US Mint commemorative coins will be issued for the occasion, although coins for the Civil War battlefields were issued in 1995.

Legend Numismatics provides a market report includes a frank assessment of the recently completed Coinfest show, which was “not well attended this year.”

The Wall Street Journal covers the $10,000 per ounce gold price prediction from a pension fund manager in Texas. Quote from the article: “The world does not need to end for gold to go hyperbolic.”

Patrick Heller provides some information on the class action lawsuits filed against JP Morgan Chase and HSBC for actions that allegedly manipulated the silver futures markets.

A profile on CoinLink for the Norweb specimen of the 1796 Draped Bust Half Dollar, a prooflike NGC MS 63.

And now for some notable auctions. First, to go with one of today’s articles, here is the 1995 Civil War Battlefields Commemorative 6 Coin Set, including uncirculated and proof versions of the half dollar, silver dollar, and $5 gold coins.

Here’s an auction for one of the 2009 Overstruck Proof Silver Eagle. These were privately minted by Daniel Carr and have been offered on TV and mentioned in a CoinWorld article.

Last, a lot of 100 1976-S Silver Kennedy Half Dollars in mint capsules, listed at no reserve. Each coin contains 40% silver yielding a silver value of about $360.

That’s it for this update. Have a great evening!

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