Friday, January 21, 2011

January 19, 2011: America the Beautiful 5 oz Silver, Coin Design Excellence, PCGS Coin Sniffer

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

Welcome to Coin Update!

We’re back to bring you another round up of coin collecting news and articles from around the internet! First, an overview of the situation for the America the Beautiful Silver Bullion Coins, as well as the implications of this tumultuous offering. Part two of the Mint News Blog survey, numismatic electronic books, coin design excellence, coin related stories from Australia and Malaysia, benefit auction for the National Numismatic Collection, PCGS Coin Sniffer, NGC certification image database, and notable auctions. On to the links…

The latest installment of U.S. Coin Collecting News from Louis Golino discusses the implications of the America the Beautiful Silver Bullion Coins.

Part two of the results from the Mint News Blog Survey reveal readers’ biggest disappointment of 2010 and the most anticipated product of 2011.

Coin Collectors Blog’s previous post on the lack of electronic numismatic books has prompted responses from Whitman Publishing and Krause Publications.

The United States Mint has announced the addition of three new associate designers selected to participate in the Artistic Infusion Program.

On a related note, today the Citizens Coinage Advisory Committee adopted a subcommittee report on design excellence. Donald Scarinci called it “most important action the CCAC has ever taken in its history.”

An interesting story from Australia. Twenty years after the one and two cent coins were withdrawn from circulation, they are now commanding significant premiums. Even circulated examples are selling for about $3 each.

A car accident in Malaysia caused RM 75,000 worth of coins to be strewn onto the highway. Many motorists parked their cars ran into the fast lanes, risking their lives to pick up coins.

Heritage Auctions is holding a benefit auction with the goal of raising $1 million to create an endowment for the Smithsonian Institution’s National Numismatic Collection. Someone has already donated an 1895 Morgan Dollar graded Proof 66 Deep Cameo.

An article warning about the so-called “tribute coins” that you may have seen advertised on TV or elsewhere. The 14 milligrams of gold content is worth about 61 cents.

A discussion of the PCGS “Coin Sniffer” and “Ray Gun” from Greg Reynolds of Coin Rarities & Related Topics.

Since October 2008, NGC has been capturing digital images of every coin certified. The archive has now reached an amazing 3 million coins.

During the past fiscal year, the US Mint took numerous steps to increase the supply of precious metal planchets and increase bullion production. This included adding a new silver blank supplier.

And now for some notable auctions. First, a 1927-S Standing Liberty Quarter graded NGC MS 64 FH. This issue is extremely difficult to find with “Full Head.”

A group of US Mint wrapped Sacagawea Dollar Rolls with a face value of $300. Nearly all of the coins included were not issued for circulation, but only sold by the US Mint.

That’s it for this update. See you next time!

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