October 25, 2008: Gold and Silver from COMEX, eBay Antitrust Claims, State Quarters

New Hampshire QuarterWelcome to Coin Update!

Here is your belated update of coin collecting news! First, examining some of the factors keeping the price of gold down. Also, 2008-W Platinum Eagle sales figures, Lithuanian Commemorative Coins, NGC Registry Awards, eBay sued in antitrust claims, the State Quarter Curse, and notable auctions. On to the links…

Every time there’s an article exploring why gold is not higher in the face of the current economic turmoil, they usually point to one or two reasons. Well, here’s a compilation of ten of the most cited reasons why gold is not above $1,000.

I’ve recently seen a few people mention a new tactic for dealing with the disparity between the paper and physical price of gold and silver. Take physical delivery of the metals from the COMEX.

The first sales figures for the re-released 2008-W Platinum Eagles are available. The biggest sellers were the Uncirculated versions, led by the 1/10 ounce coins.

This interesting post by Tom Michael takes a look at how the Bank of Lithuania handles their commemorative coins. They issue a reasonable number of coins each year and keep mintages low.  Inevitably, the coins sell out and values rise.

EBay, the ANA, and the PNG have all been sued in antitrust claims. The plaintiff is a small grading firm who feels that their ability to participate in the marketplace has been obstructed by eBay’s policies.

Highlights of the upcoming Bowers and Merena auction at the Baltimore Coin and Currency Convention in November.

The NGC Registry Awards are coming. Make sure to register or update your set by December 10th.

I came across this old article while doing some research on State Quarters and found it very interesting. It discusses unfortunate events which have followed the release of some State Quarters, such as the collapse of the Old Man of the Mountain.

And now for some notable auctions. First, the ever popular 1955 Double Die Lincoln Cent. This coin is graded PCGS MS65RB

You don’t seem to see Eisenhower Dollar Errors that often. Here’s a great looking 30% Off Center Error with a full date. It’s even a high grade at NGC MS 66.

And last, I really like the toning pattern on this 1964 Kennedy Half Dollar. It’s encapsulated by NGC and graded MS 66.

Enjoy the rest of the weekend!

Leave a Reply

Your email address will not be published. Required fields are marked *