Welcome to Coin Update!
We’re back with another round up of coin collecting news and articles from around the internet! The fall in precious metals prices is having some implications for US Mint numismatic products. Nearly all silver products were suspended earlier today, pending repricing. Also, the latest US Mint sales report, an internet radio show on coins, error coin collecting, the Ides of March silver denarius, Odyssey Marine Exploration, NGC Registry Awards, dollar coins and bills, gold and silver prices, and notable auctions. On to the links…
The United States Mint has suspended sales for a variety of silver numismatic products, following the decline in the market price of the metal. The products include the proof and uncirculated 2011 Silver Eagles and the America the Beautiful Five Ounce Silver Coins.
The weekly US Mint sales report is now available, showing a slow start for three newly released products.
The new guide for About.com:Coins highlights an internet radio show called The Coin Show.
In response to some recent concerns from collectors and dealers, the US Mint has clarified that error coins which are legally issued remain legal to own.
On a related note, Coin Collector’s Blog has a post on the “King of Error Coins“, the 1955 Double Die Lincoln Cent, as well as some history on collecting error coins.
An Ides of March Silver Denarius sold $546,250, representing the highest price paid at auction for a Roman silver coin.
Odyssey Marine Exploration has discovered the wreck of a British cargo ship said to contain 200 tons of silver. Under an agreement with the British government, the company will keep 80% of the value of the cargo.
NGC has announced details for the NGC Registry Awards, which will be awarded for competitive sets, custom sets, and collector journals.
More coverage of the legislation introduced by an Arizona Congressman that would replace dollar bills with coins. The article includes a point that I didn’t realize before: the bill would be particularly beneficial to the Congressman’s home state of Arizona, which produces about 60% of newly mined copper in the United States.
Here’s an editorial speaking against dollar coins, although some of the claims are a bit dubious.
A recap from Marketwatch on gold and silver prices, which extended their declines on Monday.
And now for some notable auctions. First, the 1917 McKinley Memorial Gold Dollar in the original presentation box.
Next, a collection of 1950-1964 Proof Washington Quarters in a Capitol Plastics holder. The same seller has a similar set of proof Roosevelt Dimes.
That’s it for the update. Have a great evening!
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