May 23, 2012

November 17, 2011: New US Mint Products, 1873-S Seated Liberty Dollar, Gold Demand Trends

Welcome to Coin Update!

We’re back with a new round up of coin collecting news and articles from around the internet! Due to some unusual circumstances it has been a little while since the last round up, so this one will catch us up. First, the three latest numismatic products from the United States Mint, a new sales report, 2012 Olympics coins, novel on the 1873-S Seated Liberty Dollar, common date $20 Saints, gold demand trends, the Hackney hoard, Red Book Collecting, Teich Family Collection, Italian State Mint interview, and notable auctions. On to the links…

This week’s US Mint releases covered by Mint News Blog include Chickasaw Quarter bags and rolls, New Frontier Bronze Medals, and James Garfield Presidential Dollar rolls.

Here is some local coverage of the related launch ceremonies for the latest quarter and dollar.

The latest US Mint sales report takes focus on the recently sold out Mary Todd Lincoln Gold Coins and the ATB Five Ounce Silver Uncirculated Coins.

The Royal British Mint has unveiled two new coins for the 2012 Olympics and 2012 Paralympics. The designs were selected following a competition for art and design students.

Steve Roach discusses the formation of four new coin investment funds and potential impact on the coin market.

A book review for One of a Kind, a novel about a unique 1873-S Seated Liberty Dollar that is discovered and put up for auction. Although the Mint reported a mintage of 700 pieces, none have ever surfaced in real life.

Patrick Heller performs an analysis which reveals potential bargains among “common-date” Saint Gaudens Double Eagles.

The World Gold Council has released their Gold Demand Trends report, which shows demand up 6% in the third quarter.

Dave Harper asks “when will coins be obsolete?

An article on the “Hackney hoard” of 80 gold double eagles that includes pictures, background on the original owner, and plans for the proceeds from selling the coins.

Early editions of the Red Book can be difficult to find and command high prices. Some collectors also pursue “error Red Books.”

Beth Deisher, the Editor of Coin World, on how the US Mint’s marketing practices for the 25th Anniversary Silver Eagles Sets fueled the temptation for collectors to speculate.

Greg Reynolds for Coin Rarities & Related Topics focuses on the coins from the Teich Family Collection included in Stack’s-Bowers Galleries auction at the Baltimore Coin & Collectible Expo.

In addition to searching for shipwrecks, Odyssey Marine Exploration is branching out into undersea mining.

An interview with the Director of the Italian State Mint.

And now for some notable auctions. First, the 1995-1996 Olympic Commemorative 16 Coin Proof Set. It comes in the original US Mint cherry wood box with a key contained in a velvet bag.

Next, an example of the 2008-W Silver Eagle with Reverse of 2007 graded NGC MS 69. This variety had an approximate mintage of 47,000.

Last, a 2001-P North Carolina Quarter double struck with the second strike 40% off center. The mint error is certified by PCGS and graded MS65.

That’s it for the update. See you next time!

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