Welcome to Coin Update!
We are back with another fresh round up of coin collecting news and articles from around the internet! First, a closer examination of the record breaking annual sales for the American Silver Eagle. Also, 2010 proof silver eagle premiums, coin market report, US Mint proof sets, the first million dollar coin, coin legislation predictions, counterfeit detection information, one kilo gold coin from the Monnaie de Paris, and notable auctions. On to the links…
The US Mint has sold a record 29,110,500 American Silver Eagle bullion coins for the year to date, a staggering amount compared to some of the earlier years of the series.
The rising market price of silver has resulted in a smaller premium for the upcoming 2010 Proof Silver Eagle- as long as the US Mint sticks with the announced $45.95 product price.
The Legend Numismatics market report following the Whitman Coin & Collectibles Expo in Baltimore.
Dave Harper discusses the United States Mint’s various offerings for proof sets. At one time a single version was available, but this has expanded over the years to include various component sets and silver composition.
Although originally written in 1996, this article on the first million dollar coin was just posted on the PCGS website. It provides details of Jay Parrino’s purchase of the Eliasberg specimen of the 1913 Liberty Nickel for $1,485,000.
The World Bank’s president has suggested “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”
Here are some predictions about what coin related bills before Congress might be passed during the lame duck session.
F. Michael Fazzari provides a response to a Numismatic News viewpoint article, which suggested not revealing counterfeit detection information for the purpose of keeping it out of the hands out counterfeiters.
A manager for the Monnaie de Paris is taking a diamond-encrusted one kilogram gold coin depicting the Taj Mahal on tour. The coin is priced at 100,000 Euros.
And now for some notable auctions. First, a group of six different First Spouse Gold Coins priced close to spot. The group includes the 2008-W Jackson’s Liberty First Spouse Gold Coin.
Next, a beautiful example of the Capped Bust Half Dollar, dated 1823 and graded PCGS AU58.
Last, the low mintage 1928 Peace Dollar graded NGC MS 65.
That’s it for another update. Have a great day!
