Welcome to Coin Update!
We’re here to bring you a round up of the latest coin collecting news and articles from around the internet! First, a report of the US Mint’s gold and silver bullion sales for the latest month. Also, 2010 Proof Gold Eagles, coin composition changes in the UK, coin bourse etiquette, paper money, tokens, physical silver, 2010 Proof Platinum Eagle values, new error coins book reviews, and notable auctions. On to the links…
US Mint bullion sales show a dramatic slow down in the latest monthly report. Sales of American Gold Eagle bullion coins dropped to their lowest monthly total since June 2008.
With gold bullion demand down, the US Mint has begun production of 2010 Proof Gold Eagles and expects to begin sales in mid-October. The status of 2010 Proof Silver Eagles remains uncertain.
In the UK, some have warned that a proposed change to the Royal British Mint’s 5p and 10p coins will be a disaster. The change to slightly thicker nickel coated steel coins would save the Royal Mint £7 or £8 million per year, but the costs of updating vending and coin machines could be £100 million or more.
Don Willis for the PCGS Blog outlines some basics of bourse etiquette, sprinkled with some anecdotes from the bourse floor.
Highlights from Heritage’s upcoming Long Beach coin auction, held September 23-26.
A brief article announcing the University of Princeton’s new exhibition “Money on Paper” that explores the intersection of art and money.
Coverage of the annual National Token Collectors Association Show with some impressions from dedicated token collectors.
Patrick Heller on Numismaster writes about the factors that may lead to a buying frenzy for physical silver.
Steven Roach discusses the robust secondary market for the 2010 Proof Platinum Eagles, attributing some of the demand to the void created by the absence of proof Gold and Silver Eagles.
Book reviews for the recently released 100 Greatest U.S. Error Coins from the Sacramento Bee and on CoinBooks.org. (Here’s the product page for the book on Amazon.com.)
And now for some notable auctions. First, a dramatic triple struck 2001-P New York Quarter with the second and third strikes 35% off center. The coin is authenticated and graded PCGS MS65.
Next, the key date 1885 Liberty Nickel graded PCGS AU55 with CAC Sticker, offered with no reserve. The same seller has several more Liberty Nickels in AU grades.
Last, the US Mint’s 1998 Kennedy Collector’s Set. This set includes the 1998 Robert F. Kennedy Silver Dollar and matte proof 1998-S Kennedy Half Dollar.
That’s it for this update. See you next time!
