Welcome to Coin Update!
We’re here to bring you another round up of coin collecting news and articles from around the internet! First, the proof version of the 2010 Gold Eagle is set to be issued, but will the other collectible version of the coin follow? Also, the latest US Mint sales report, viewing great coin rarities, why the penny won’t be eliminated, some opinions on the Precious Coins and Bullion Act, history of the S.S. Central America, and notable auctions. On to the links…
Although 2010 Proof Gold Eagles will be available October 7, the status of the 2010-W Uncirculated Gold Eagles remain uncertain. These are the collectible uncirculated versions of the coin with the “W” mint mark.
In the most recent weekly period, sales of virtually every US Mint numismatic product containing gold and silver coins saw a jump in sales.
The US Mint’s next product release will be the James Buchanan Presidential $1 and First Spouse Medal Set. This product may see increased interest due to the classic Liberty design used on the obverse of the medal.
Will the 2010 Proof Gold Eagles take a “skyrocket path”? Dave Harper speculates on collector demand, investor demand, and the possible impact on secondary market prices ahead of the October 7 release.
Greg Reynolds discusses the topic of viewing great rarities and enumerates the great gold and silver rarities that he has seen.
Here’s a reaction to the “anti-penny rant” recently posted on YouTube explaining why the U.S. Cent may never die.
An article on Russia’s possible elimination of the 1 and 5 kopeck coins, which includes figures on how much the coins cost to produce and the total amount spent by the Russia’s Central Bank to put the coins into circulation last year.
A legislative hearing will be held this Thursday on the “Precious Coins and Bullion Act“. Here is an editorial from the Washington Times and a commentary from CoinLink on the prospect of “consumer protection” for precious metals investors.
According to this article, the price of gold is ripe for a short term correction, but the fundamental reason why gold is going higher in the long term remains.
Stack’s recounts the history of the S.S. Central America and the discovery and dispersal of its incredible numismatic treasure.
And now for some notable auctions. First, a complete set of Barber Dimes, including all dates and mint marks from 1892-1916.
Next, a visually impressive 1998 Lincoln Cent Error authenticated by NGC. The coin is double struck with the obverse struck over another planchet creating a “ring of fire” appearance on the reverse.
Last, the 2008-W Uncirculated $100 Platinum Eagle graded NGC MS 70.
That’s it for this update. Have a great day!
Re: The editorial attributed to “The Washington Post” (pertaining to the “Precious Coins and Bullion Act”) is actually from “The Washington Times”. The difference between “The Washington Post” and “The Washington Times” is similar to the difference between “The New York Times” and “The New York Post” – night and day.
My mistake. Fixed it in the post.