Welcome to Coin Update!
We’re back to our regular format with a round up of coin collecting news and articles from around the web! First, an incredible story from one of 120 visitors allowed inside Fort Knox in 1974. Also, a proposal for a September 11 Commemorative Coin, two sold out US Mint products , the legality of refusing to accept cash, Seated Liberty Dollars, how Odyssey Marine Exploration finds treasure, rare error coins recovered, and notable auctions. On to the links…
A must-read first hand account from David L. Ganz about his visit to Fort Knox in 1974.
The latest coin related legislation is for a silver dollar to mark the 10th anniversary of the September 11, 2001 terrorist attacks on the United States. If approved, the coins would be released in 2011 with a maximum authorized mintage of 2,000,000 coins.
In a related post, a true numismatic story from 9/11 published by PCGS.
Two US Mint products quietly sold out over the past week or so. This included one of the Martin Van Buren Dollar Rolls and one of the American Samoa Quarter Bags.
Interesting story from the Wall Street Journal about a restaurant that adopted a debit and credit card only policy, refusing to accept cash. Is it legal?
Looking for a series to collect that is “off the beaten path“? How about a collection of Seated Liberty Halves in circulated condition, says Dave Harper.
Coin Values Online provides some thoughts on the auction results of the Dan Holmes Collection and implications for the copper market.
One of the interesting implications of $1,000 an ounce gold for coin collectors- gold’s rise has eliminated some of the price distinctions for various collector gold coin issues.
In case you’ve ever wondered, the answer to the question: How does Odyssey find all that sunken treasure?
Results from the Heritage Long Beach auction, which saw $18.4 million in coins sold over the course of the four day auction.
Twelve out of 44 rare U.S. Error Coins have been recovered through the efforts of PNG members. The recovered coins could be worth “into six figures.”
Some food for thought if you are shopping for rare coin “deals.” From the Doug Winter article: “In the coin market, price buyers invariably wind-up with the worst possible coins for the grade.”
And now for some notable auctions. First, a collection of all four 2008-W Uncirculated Gold Eagles graded NGC MS 70. These coins have very low mintages for the the American Gold Eagle series.
This 2007-W Proof $50 Platinum Eagle graded NGC PF 70 Ultra Cameo Early Releases has already attracted 29 bids with over 7 days left in the auction.
Last, the 1983 “No S” Proof Roosevelt Dime. This one is graded PCGS PR69DCAM.
