October 29, 2009: Proof Gold Buffalo on Sale, Austrian Mint Gold Output, 1955 Double Die

2009 Gold BuffaloWelcome to Coin Update!

We’re back with a round up of coin collecting news and articles from around the internet!  First, the 2009 Gold Buffalo Proof Coin is now on sale at the United States Mint. Also, the weekly US Mint sales report, coin value trends and inflation, Austrian Mint cuts gold production, Indian Head Gold Eagles, an interesting challenge coin, wrong planchet errors, 1955 Double Die Lincoln Cent, coin counterfeit suspect arrested, and notable auctions. On to the links…

Today, the United States Mint releases the 2009 American Buffalo Gold Proof Coin. Early indications suggest that the US Mint has not seen the rush of orders experienced for the Lincoln Coin and Chronicles Set launch.

From Coin Update News, the weekly US Mint sales report. Sales declined for most products, especially gold coin offerings. Sales of the 2009 UHR Double Eagle came in at only 562 coins.

Dave Harper examines the trends of some coin values over time and what factor inflation plays.

The Austrian Mint is planning to cut gold output by 32 percent next year based on anticipated weaker investment demand. When demand for gold was climbing in the past few years, the Austrian Mint had been ahead of other world mints in increasing production.

The latest coin collecting video guide has been posted on CoinsTV. Watch the Indian Head Gold Eagle video.

An article about TD Bank’s Penny Arcade. These coin counting machines have taken in $87 million so far in 2009, which is about on par with last year’s $115 million annual total.

The writer of Coin Collector’s Blog spoke to the people of the United States Visitor & Immigrant Status Indicator Technology (US-VISIT) program and received a challenge coin made specially for US-VISIT.

The Heritage Blog has a nice post describing how a wrong planchet error is created.

An article on the 1955 Double Die Lincoln Cent. Did you know that many of the coins were found in cigarette packs purchased from vending machines?

Information supplied by PCGS has helped police arrest a couterfeit coin suspect. The couterfeits were created by slicing two genuine coins in half and placing them into a tampered PCGS holder.

And now for some notable auctions. First, the 2000 Cheerios Sacagawea Dollar still affixed to the original certificate of authenticity. Even though 5,500 of the coins were distributed in Cheerios boxes, they seem to be very rarely encountered.

An amazing looking Triple Struck Jefferson Nickel Error.

A 1999-S Silver Delaware Quarter graded NGC PF 70 Ultra Cameo and offered with no reserve. This is one of the toughest Proof State Quarters to find in top grade.

Last, the 2008-W Proof $50 Gold Buffalo PCGS PR70DCAM. Will this year’s coin prove to be a similar secondary market success?

Hope you enjoyed this update! This will probably be the only update for the week due to travel and other events. Next week, we will be back to our usual schedule.

Comments

  1. RICH says

    Hello another question.Thanks For the great responce last time! Living in saint louis MO. The 3rd series, profesional life pennies seem to be more easily purchased at banks being next to Ill. I purchased 6 rolls from one local bank and 2 weeks later got 6 rolls from another. But all of the rolls have no mint marks. I have purchased all three new series sets from the U.S. mint with mint marks.
    Can you tell me why these full bank rolls in clear plastic. Have no mint mark and where are they being produced then ? Are they worth collecting, are they going to have any value to them at all? RICH

  2. admin says

    For the one-cent coin, coins produced at the Philadelphia Mint do not have a mint mark. This is sort of a hold over from tradition. Previously, all coins minted at Philadelphia did not include a mint mark. The “P” mint mark started being used on circulating denominations other than the penny in 1980.

    Rolls wrapped in clear plastic just mean that they were rolled by a different company. The US Mint purchased rolls have custom designed paper wrappers, N.F. String uses paper, I think Brinks still uses the plastic shrink wrappers sometimes.

    Because of the wide collector base for Lincoln Cents, I think there will always be some demand for the rolls. If you can get the 2009 Cents at face value, then you literally can’t lose.

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