Thursday, June 16, 2011

June 16, 2011: Vicksburg 5 oz. Silver Coins, Olympic Quarter Launch, Commemorative Coin Designs

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Welcome to Coin Update!

We’re back to bring you another round up of coin collecting news and articles from around the internet! To start, the latest US Mint sales report along with information on the next ATB five ounce silver bullion coin release. Also, the increased number of US Mint silver numismatic products, San Francisco Silver Eagles, Olympic National Park Quarter launch, Stacks-Bowers auction, Civil War era coins stolen, best and worst commemorative coin designs, some articles on gold, and notable auctions. On to the links…

The latest US Mint sales report shows a slower start for the 2010-P Yosemite National Park Five Ounce Silver Uncirculated Coin, although interest still seems strong enough to reach a sell out.

Meanwhile, the Mint is preparing to release the next five ounce bullion coin featuring Vicksburg National Military Park. Sales to authorized purchasers will begin on June 23.

Mint News Blog examines the flood of silver numismatic products coming out of the US Mint. After issuing two and three silver products for 2009 and 2010, this year’s number jumps to fifteen.

NGC had previously announced that they would encapsulate the 2011 “San Francisco” Silver Eagles. According to this CoinWorld article, PCGS, ANACS, and ICG will also offer special inserts for the coins.

Local coverage of the launch ceremony for the Olympic National Park Quarter held in Port Angeles, Washington.

Greg Reynolds reviews some of the interesting or valuable coins included in the Stacks-Bowers June 2011 Baltimore auction.

A Viewpoint reaction to a recent Numismatic News article, which describes a coin being “conserved”, along with some comments on contemporary coin grading conventions.

Civil War era gold and silver coins were stolen from a display at the St. Louis Transportation Museum. The coins were on loan from the ANA Money Museum.

An opinion on the ten best and ten worst designs for classic commemorative half dollars. One of the best is used as today’s coin image.

The Bank of Canada will unveil their new $50 and $100 polymer bank notes on June 20, 2011.

Part two on the Money of King Arthur.

Two contrasting views of gold.  The Telegraph reports that gold is “the most overvalued” since 2009, according to some hedge fund managers. Bloomberg reports on a “tidal wave” of gold demand coming from India and China.

Ron Paul recently asked for an audit of the purity of the gold held at Fort Knox.

And now for some notable auctions. First, an unusual wrong planchet error coin. It’s a 1942-S Jefferson Nickel struck on a silver dime planchet graded PCGS AU58. This coin would have been a 35% silver war nickel, but instead became a 90% silver nickel.

Next, a group of 80 different Morgan Dollars graded PCGS MS64. This would provide a big head start to assembling a complete collection.

Last, the 1993 Philadelphia Set, which contains the 1993 Proof $25, $10, and $5 Gold Eagles, 1993 Proof Silver Eagle, and a special silver medal, all struck at the Philadelphia Mint.

That’s it for the update. See you next time!

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