Welcome back to Coin Update!
We’re back for another round up of coin collecting news from around the web! First, gold and platinum are staging some impressive comebacks. Also, the new 2009 Lincoln Cent designs, the abundance of counterfeit pound coins, the possible return of the half dime, market reports, an offbeat coin story, and notable auctions. On to the links…
Gold continues to rise. In just a few short days, it has erased several months of damage. This has some of the so-called “radical gold bugs” gloating.
Meanwhile, platinum is staging a similarly stunning comeback as it recently posted the largest daily gain in 22 months.
Have you seen the 2009 Lincoln Cent Reverse Designs? They were just unveiled by the US Mint this morning.
Apparently, one out of every 50 pound coins in circulation is counterfeit.
New legislation has been introduced to replace the nickel with a clad half dime coin, which would be smaller and lighter than the dime. Coin Collector’s Blog points out that there would likely be huge resistance from the vending machine industry.
Coin of the Day posts a timely, vintage coin- the 1857 Half Dime.
The 1851 Augustus Humbert $50 Gold realizes $460,000. CoinNews has some highlights of the Bowers & Merena Coin Rarities Sale.
CoinLink shares an unusual item: 1903 Louisiana Purchase Cardboard Die Trial.
Two market reports following the Long Beach Show: from John Feigenbaum and Legend Numismatics.
For an off beat story, rather than paying $3,000 to cover a cupola in copper, this man used a few dollars worth of pennies.
And now for some notable auctions. Here’s a Morgan Dollar with some absolutely stunning rainbow toning. It’s an 1885-O graded NGC MS 65 Star.
It’s a bit spotty, but it’s a rare 1912 Matte Proof Lincoln Cent.
Will 2008-W Platinum Eagles be the new key dates? Here’s two separate auctions for all 4 2008-W Uncirculated Plats NGC MS 70 and all 4 2008-W Proof Plats NGC PF 70 Ultra Cameo.
That’s it for today! See you tomorrow!
Why is rainbow toning so important? I would think it would bring down the value of a coin because it’s not ‘clean’ like an shiny one. Can you xpln this?
Although some collectors do prefer untoned “white” coins, some seek out coins with original attractive toning. They feel that this adds a unique aspect and distinctive character to the coin since no two toned coins are exactly alike.
NGC has a special Star (*) designation that they give to coins with “exceptional eye appeal.” The designation is often given to rainbow toned coins.
Thank you for answering… I enjoy your feed