Saturday, June 25, 2011

June 24, 2011: Julia Grant First Spouse Coins, September 11 Medal Sales, U.S. Gold Reserves

Coins and Coin Collecting | News, Articles, and Information | Coin ...

Welcome to Coin Update!

We’re back with one more round up of coin collecting news and articles before the weekend break! To start, the latest release in the First Spouse Gold Coin program and an unexpected US Mint sell out. Also, PCGS old green holder crossovers, State Quarter collecting, September 11 Silver Medal sales, Numismatic Hall of Fame, MS 70 coins, coverage of the hearing on auditing the U.S. gold reserves, the International Paper Money Show, and notable auctions. On to the links…

Sales of the Julia Grant First Spouse Gold Coins began at the United States Mint yesterday. The period of availability for previous releases of the series has kept collectors guessing.

Unexpectedly, the Yosemite Five Ounce Silver Uncirculated Coins moved to waiting list status. Sales had been tracking much slower than the prior two releases.

A new Coingrader Capsule shares some crossover results from low mint state PCGS old green holders.

A description of the experience of assembling several collections of State Quarters strictly from pocket change. Some unexpected scarce coins emerge.

Dave Harper reports the first few days worth of sales for the 2011 National September 11 Medals. Out of the 2 million maximum mintage, orders were received for 21,256 “W” and 13,780 “P” mint marked versions.

The ANA will host a special ceremony and reception for a new Numismatic Hall of Fame. A panel discussion will be held with four members of the Hall of Fame.

Are coins graded MS70 “value traps”?

CNNMoney has coverage of Ron Paul’s hearing concerning auditing the United States gold holdings. Separate coverage from GATA focuses on a key issue of the hearing regarding encumbrances on the U.S. gold reserves.

Patrick Heller’s latest commentary on the open secret that central banks have less gold in their vaults than officially reported.

CoinWorld has a recap of the recently concluded 2011 International Paper Money Show held in Memphis, Tennessee.

While picking up litter, a woman found a 272 year old British coin, valued between $6 and $15. Someone quoted for the article stated that most valuable old money is British or Spanish, while U.S. money is “just not old enough”.

And now for some notable auctions. First, an interesting display of the 2011 Olympic National Park Quarters and 5 oz. Silver Bullion Coin. Three coins are presented together in an oversized NGC holder with the quarters graded PF 70 Ultra Cameo and the bullion coin graded MS 69.

Next, the 1972 Double Die Lincoln Cent graded NGC MS 66 RD with oversized images of the obverse and reverse included in the listing.

Last, a collection of toned Morgan Dollars, with a Capitol Plastics display created to highlight different types of toning.

That’s it for the update. Have a great weekend!

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