Welcome to Coin Update!
We’re back to bring you another round up of coin collecting news and articles from around the internet! First, the sharp increase in sales for the US Mint’s numismatic gold product offerings, led by one of this year’s commemorative issues. Also, the subsequent price increase for said products, the 1933 gold double eagle trial verdict, a variety for the numismatic ATB 5 oz. silver coins, Silver Panda key dates, high price for Gold Panda, reactions to the recent attention on $1 coins, Sacagawea Dollar/State Quarter mule errors, and notable auctions. On to the links…
The latest US Mint numismatic product sales report shows a surge in sales for available gold coins. The largest increases took place for the uncirculated Medal of Honor $5 Gold Coin and the one ounce 2011 Proof Gold Eagle.
Many collectors may have been scrambling to place orders ahead of the prices increases, which took place earlier today. Certain precious metals products not covered under the US Mint’s flexible pricing policy face the increasing prospect of a sales suspension.
The trail for the ten 1933 Double Eagles has concluded, with the jury deciding in favor of the government. Here is CoinWorld’s coverage of the trail from July 19 and July 20.
Written before the verdict was delivered, here is an article on the 1933 double eagles for Coin Rarities & Related Topics. Could there be implications for other coins and patterns?
Louis Golino discusses the newly discovered “light finish” 2010-P Grand Canyon Five Ounce Silver Uncirculated Coin and some other developments for the series.
On a related note, the previous release featuring Yosemite National Park has been put on the waiting list again.
Although there have been some complaints about the US Mint’s prices for collector coins, the prices charged by some other world mints are undeniably much higher for similar offerings.
The extreme preference for complete sets of Silver Pandas drives high prices for the lower mintage issues.
Details of a very special 1991 Gold Panda which sold for $1.6 million. It was a 5 kg (176.37 ounce) coin with a mintage of only ten, struck to commemorate the 10th anniversary of the first Panda gold coin.
This article states that the real villain in the stockpile of $1 coins is the continued production of the $1 greenback.
Coin Collector’s Blog has some comments about NPR’s assertions that millions of taxpayer dollars are wasted to produce $1 coins. Again, the recommended solution is to stop printing the $1 notes.
A listing of the first ten Sacagawea Dollar/State Quarter Mule Error Coins including purchase prices. There are now eleven known examples.
And now for some notable auctions. There are at least five of the “light finish” variety 2010-P Grand Canyon Five Ounce Silver Coins listed for sale on eBay.
Next, a 1915 Proof Buffalo Nickel graded PCGS PR66 with CAC sticker in an old green holder. The mintage for this coin was 1,050.
Last, a visually dramatic 2000 Lincoln Cent Flipped Over Double Strike with Indent. The error coin is authenticated by PCGS and graded MS67RD.
That’s it for this update. See you next time!
No comments:
Post a Comment