Tuesday, July 26, 2011

July 26, 2011: ATB 5 Ounce Silver Coin Errors and Varieties, Direct Ship Program, Heidi Wastweet

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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, numerous errors and varieties are being discovered for the America the Beautiful Five Ounce Silver Uncirculated Coins. Also, the US Mint’s changes to the Direct Ship Program, ANA summer seminar benefits, offer for the 1933 double eagles, making UK coins, Heidi Wastweet of the CCAC, First Strikes and Early Releases, the New York Times on gold, and notable auctions. On to the links…

The latest information on the errors and varieties that have been discovered for the 2010-P Grand Canyon Five Ounce Silver Uncirculated Coins.

Meanwhile, NGC has certified the first error for the 2010-P Yellowstone Five Ounce Coin.

Mint News Blog on the US Mint’s changes to the Circulating $1 Coin Direct Ship Program. The abuses of the program have been known for some time, but renewed attention from two sources seem to have finally prompted more drastic action.

An attendee of the ANA’s summer seminar describes the key takeaways and benefits, as well as a few downsides.

Certified Acceptance Corp (CAC) has made an offer of $20 million for the ten 1933 Double Eagles that were recently ruled to be property of the U.S. government.

A brief explanation of how coins are made in the UK.

The University of Missouri Museum of Art and Archeology will have an exhibition displaying counterfeits, imitations, and alterations of ancient coins.

An article from The Seattle Times on Heidi Wastweet, sculptor, medallic artist, and member of the Citizens Coinage Advisory Committee. She believes that the U.S. is behind the times with regards to its coin designs, which should be treated as works of art.

Steve Roach describes PCGS and NGC’s First Strike and Early Releases designations, some misstatements and misconceptions about the terms, and related lawsuits filed against each company.

Another interesting story from John S. Queen. In the pursuit of a rare Canadian coin, he ended up in a professional numismatic game of chicken.

The New York Times on the “gold lovefest“.

And now for some notable auctions. First, an 1886 Morgan Dollar PCGS MS65 with a rainbow toning and a gold CAC sticker. The gold sticker indicates that CAC believes the coin is undergraded by at least one point.

Next, the 2009 Ultra High Relief Double Eagle graded NGC MS 70 PL. Examples of this popular coin with the “proof like” designation continue to drive a big premium.

Last, a collection of 1950-1957 Proof Sets in an old Wayte Raymond album.

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

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