November 3, 2008: Netherlands and Architecture Coin, Gold Price and Demand
By admin | November 3, 2008
Welcome back to Coin Update!
We hope you had a wonderful weekend and Halloween. Now, we’re back for another round up of fresh coin collecting news. First, a brief history of gold and the gold price/demand relationship. Also, a striking new design for a new 5 Euro Commemorative, Penny Harvest, the finest 1893-S Morgan Dollar, coin collecting in difficult economic times, and notable auctions. On to the links…
Dave Harper provides a nice short history of gold that might help you put some of gold’s recent attention in perspective.
Yet another article on gold price and gold demand. From the article: “Your college Econ 101 course may not help you understand the latest gold coin rush… gold has been both falling in price and in short supply.”
The designer describes the process of creating the new 5 Euro Commemorative Coin (today’s coin image). The theme is “Netherlands and Architecture.” The obverse of the coin is a portrait of the Queen constructed of the names of architects. The reverse of the coin is a circular bookshelf with the empty spaces creating an image of the Netherlands.
The 18th annual Penny Harvest has begun. Last year the Penny Harvest Field was filled with 100 million donated pennies weighing 300 tons.
The finest known 1893-S Morgan Dollar was recently purchased by Legend Numismatics. It’s graded PCGS MS67 and cost in excess of $1 million.
Coin World takes a look at US Mint Set packaging throughout the history of the offering from 1948 to present.
Numismaster looks at the Buffalo Nickel series including the famous Three Legged Buffalo Error.
An article from Doug Winter on collecting coins in difficult economic times. I can’t argue with his main points, especially “be patient” which is useful advice for most endeavors.
And now for some notable auctions. They call it a “Green Monster.” These are boxes of 500 Silver Eagles packaged by the US Mint. Here is a 2008 Green Monster Box.
One of the toughest Peace Dollar to find gem. It’s the 1925-S Peace Dollar graded NGC MS65.
And last, a roll of 1922 Peace Dollars in a US Treasury wrapper.
Have a great evening!
Topics: No Comments »
October 31, 2008: Premiums for Junk Silver, Roman Coin Treasure, State Quarter Poems
By admin | October 31, 2008
Welcome to Coin Update!
We’re back for a double round up of coin collecting news from around the web! First, more on the excessive premiums for acquiring physical silver. Also, the new ANS headquarters, one million pennies searched, Roman coin treasure, Dealer’s Deal show, State Quarter Poems, and notable auctions. On to the links…
In the last update, we saw the high premiums for 100 ounce silver bars. Here’s a look at the premiums for 90% silver coins or junk silver. Dealer buy prices went from $1 below spot to $3 above spot in just a few months.
Gold is set to finish its worst month since 1983. The price of gold has declined 16% during October.
The new headquarters of the American Numismatic Society has opened at 75 Varick Street in New York City. US Mint Director Edmund Moy was on hand to cut the ribbon.
Dave Harper asks: What’s your most important coin?
Can you believe Cheap, Green and Happy searched over one million pennies so far during 2008?
An “exceptional” hoard of Roman coins discovered in Wales is declared treasure.
PNG launches “Dealer’s Deal” show in Las Vegas. The show experiments with a new concept which will include dealers and only a limited number of collector guests.
The finest known 1907 Ultra High Relief Saint Gaudens $20 Gold will be the highlight of an exhibit of the 100 Greatest US Coins at the Santa Clara Coin, Stamp & Collectibles Expo.
Numismaster takes a look at one of the most popular modern coin series The American Silver Eagle.
If you’re looking for a change of pace with your coin research, check out 50 State Quarter Poems. Each state has an historically accurate, unique 20 line poem inspired by its quarter. Here is the poem for New Hampshire.
And now for some notable auctions. First, a nice example of the Extra Leaf Wisconsin Quarter Error PCGS MS65.
With the drop in silver, maybe it’s time to pick up a set of Silver Eagles. Here are all the 1986-2008 Proof Silver Eagles graded NGC PF 69 Ultra Cameo.
And last, this Peace Dollar has a common date and common grade, but the toning makes the coin exceptional.
Have a fun and Happy Halloween!
Topics: 1 Comment »
October 29, 2008: Big Premiums for Silver, Reverse of 2007 Variety, Mint Error News
By admin | October 29, 2008
Welcome to Coin Update!
Here comes another round up of coin collecting news from around the web! First, a look at the big premiums charged for buying physical silver. Also, opinions and recommendations on coin and bullion investing, 2008-W Silver Eagle Reverse of 2007 Variety follow up, coin firm merger, Mint Error News, and notable auctions. On to the links…
If you’ve tried to purchase silver lately, you know about the huge premiums above the so-called market price. Here’s a look at the premiums for 100 ounce silver bars, which are traditionally a low premium product.
Susan Headley of About.com:Coins has been receiving an increasing number of inquiries about investing in coins and bullion amidst the downturn. Here are her opinions and recommendations on the subject.
Remember the 2008-W Silver Eagle Reverse of 2007 Variety? Mint News Blog revisits the variety six months after the exciting discovery.
Interesting question: How many people collected the State Quarter series from the first coin to the very end? Here are the responses from Numismatic News readers.
Two modern coin firms, Modern Coin Mart and Cornerstone Coin have merged. I have bought from Modern Coin Mart in the past and have always been pleased.
Would you like to hear the writer of Coin Collector’s Blog do a regular coin podcast?
The latest issue Mint Error News has been published and is available for free download.
Numismaster takes an in depth look at the Seated Liberty Dollar series.
And now for some notable auctions. First, to go with today’s story, here are the 2008-W Silver Eagles with Reverse of 2007 currently up for auction.
The controversial Obama Coins are now for sale on eBay. Here’s the silver version of the coin.
And last, did you know there is a growing market for 95% copper 1959 to 1982 Lincoln Cents? The price of copper was actually up 12% today.
Have a great evening!
Topics: No Comments »
October 28, 2008: Prospecting for Gold, Hawaii State Quarters, Coin Market Report
By admin | October 28, 2008
Welcome back to Coin Update!
We’re back with another daily round up of coin collecting news from around the internet! First, an article about the growing number of people trying their hand at prospecting for gold. Also, the Hawaii State Quarter, Theodore Roosevelt’s legacy for coin collectors, a duo of coin market reports, and notable auctions. On to the links…
Do you want to learn how to prospect for gold? It seems to be getting more popular. Here’s an article about a prospecting club called the New 49′ers. You can find their website at GoldGold.com.
This week’s Numismaster market update from Patrick Heller is titled “Why Gold Might Soar Over the Next Four Weeks.” Two weeks ago his update was titled “Will Gold Explode Higher in the Next Few Days?” I’m sure he’ll get his timing down eventually.
Can you believe it’s been 10 years already? The Hawaii State Quarter will be released into circulation on November 3, 2008.
Yesterday was the 150th anniversary of Theodore Roosevelt’s birth. Coin Collector’s Blog takes a look at the role he played in redesigning coinage.
The PNG will hold it’s final Share the Knowledge educational seminar this November at the Baltimore Coin and Currency Convention. The discussion is titled “What are the Perspicacious Ways to Collect and Invest in Coins and Currency.” (I had to look it up. Perspicacious - having keen mental perception or understanding)
Two coin market reports. The first from Doug Winter who focuses on the strength of the Liberty Head Double Eagles. Another from Numismaster that provides opinions from a variety of dealers on the market’s strength.
And now for some notable auctions. This Franklin Half has a lot going on. It has a double clip and some beautiful rainbow toning. It’s in an old ANACS holder graded MS 64.
One of the nicest Matte Proof Lincoln Cents that I have seen land on eBay. It’s a 1913 Proof Lincoln Cent NGC PF 67 RD.
Have a great evening!
Topics: No Comments »
October 27, 2008: Gold and Silver Demand, US Mint memo, Coin Dealer Interview
By admin | October 27, 2008
Welcome to Coin Update!
We’re back with a round up of the best and brightest coin collecting news from around the web. First, an article focusing on the Royal Canadian Mint’s efforts to meet gold and silver demand. Also, Gold and Silver Eagle premiums, US Mint memo, the eBay lawsuit, nice local article on a coin dealer, an unusual octagonal coin, and notable auctions. On to the links…
An article from a Canadian newspaper about the pressure on the Royal Canadian Mint to produce enough gold. Quote from the Canadian Mint: “We have never produced more [gold] than what we are producing right now. We just can’t keep up with all the demand.”
Coin Values Online writes about the current high premiums for Gold and Silver American Eagles. Quote that sums things up pretty well: “You can’t rely on commodities exchange spot prices as a solid guideline to determine price. It comes down to a “value is in the eye of the beholder” scenario, and this unsettled situation may not change soon.”
The US Mint is starting to sell its final inventory of 2008 Platinum Eagle and 1/10 ounce Gold Eagle bullion coins today. The post includes the full memo issued by the US Mint explaining the allocation process.
Coin Collector’s Blog posts on the UGS lawsuit against eBay. He brings up the different strategy of recently formed DGS, which is in the same boat as UGS.
The Royal Canadian Mint begins to issue a colored circulating quarter featuring the red poppy. The coin is issued to commemorate the end of World War I.
A local article interviewing a coin dealer. Some nice quotes to help you remember that coin collecting is also about having fun. “Everyone has access to coins. You can have a lot of fun for under a dollar”
Check out this octagonal gold coin which features a Viking Warrior and dragon ship.
From Numismaster: Did the U.S. Mint Put Secret marks on Its Coins?
And now for some notable auctions. First, a 1921 Peace Dollar in NGC MS 65. The coin is offered with no reserve.
An enormous group of Silver Proof State Quarters for sale. This lot contains 20,000 coins which represent a face value of $5,000 and silver content of over 3,600 ounces.
And last, a 2007 Off Center Lincoln Cent. Apparently recent examples of off center error coins are difficult to come by.
Have a great evening!
Topics: No Comments »
