Welcome to Coin Update!
We’re back to bring you another round up of coin collecting news and articles from a variety of sites across the internet! First, an interview with Erik Jansen of the Citizens Coinage Advisory Committee. Also, Ulysses S. Grant Coin Covers, Jamie Franki, the stockpile of dollar coins, “frosted FREEDOM” Platinum Eagles, coin auction house competition, Royal Canadian Mint financial results, Royal Australian Mint 5 cent coins, Royal Thai Mint design process, and notable auctions. On to the links…
An interview with Erik Jansen, who was sworn in on May 25, 2011 as the newest member of the Citizens Coinage Advisory Committee.
Later this week, the US Mint will begin sales of the Ulysses S. Grant Presidential $1 Coin Cover. This will be the 18th release in the ongoing series.
A local article profiling Jamie Franki and some of his coin and medal designs. He designed the bison reverse for the 2005 Jefferson Nickel, the new obverse for the series used from 2006 onwards, and the ANA convention medal design used as today’s coin image.
NPR visits an underground vault filled with “money nobody wants”. They are discussing the one billion dollar coins stored in Federal Reserve vaults.
Another 2007 Proof Platinum Eagle with “frosted FREEDOM” has been identified. The typical appearance has the word appear mirrored. This is the third discovery overall and the first for the $50 denomination.
A bar owner received three Silver Eagle Monster Boxes worth $82,000 by mistake and returned them. He was expecting boxes of poker chips, but UPS gave him the wrong packages.
Steve Roach discusses the competition between Stack’s Bowers Galleries and Heritage Auctions, which has resulted in better rates for some collectors.
The Royal Canadian Mint had record revenue of $2.2 billion and profit of $238.7 million for the latest fiscal year. However, the cost to make the penny was the focus of this article.
The Royal Australian Mint wants to stop making the 5 cent coin, which costs more than its face value to produce. Here is a separate article, which examines the effects of the decision to withdraw 1 and 2 cent coins from circulation in 1990.
A look at the design process for coins at the Royal Thai Mint.
And now for some notable auctions. First, a 1938 Proof Jefferson Nickel mounted on a card signed by the designer Felix O. Schlag. He had acquired 150 examples for the first year of issue and mounted them in display cards that were signed and notarized. This is a wonderful piece of numismatic history.
Next, the 2004-D Wisconsin Quarter Variety Set, including the extra high leaf and extra low relief coins and the regular version in an NGC multi-coin holder.
Last, an auction for the Ryedale Copper Penny Sorter, which sorts 95% copper cents from zinc cents at a rate of 18,000 to 20,000 coins per hour.
That wraps up another update. Have a great day!
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