Let’s start off the new year with a fresh round up of coin collecting news and articles from around the internet! First, there’s another sell out at the United States Mint, this time for the 4 coin set option for the Proof Gold Eagles. Also, implications of the completion of IMF gold sales, 2010 recap, coin roll searching finds, euro change over in Estonia, new gold exchange service, sunken treasure investment schemes, the Stack’s and Bowers and Merena merger, and notable auctions. On to the links…
The 2010 Proof Gold Eagle 4 Coin Set has just sold out at the US Mint. It doesn’t seem like the two remaining product options will last much longer.
In late December, the IMF very quietly completed their sale of 403.3 tonnes of its gold reserves. Patrick Heller provides his commentary as well as projections for gold prices in 2011.
Coin Collectors Blog provides a recap of 2010 covering economic data, the numismatic market, and precious metals.
A summary of 2010 results from a coin roll searcher. He searched hundreds of thousands of coins and racked up some very impressive finds.
Australia’s newest $1 coin will feature a ram’s head. As in previous years, one visitor to the Mint on New Year’s Day got to strike the first collector coin of the year.
Euro banknotes and coins were introduced in Estonia on January 1, 2011. This article provides some information about the preparation and front loading involved to ensure a successful change over.
Tesco, which is the fourth largest retailer in the world based on revenues, has started a gold exchange service. They hope to raise standards and prices within the cash for gold industry.
On a related note, the “popular” gold parties, where a host purchases gold items from attendees, are illegal in South Carolina.
“Exotic” investment options now include investing in sunken treasure recovery schemes. The article tells of one investment that will reap a windfall after valuable coins were recovered.
Coin Values Online provides some thoughts on the possible ramifications of the merger of Stack’s and Bowers and Merena.
And now for some notable auctions. First, the key date 1932-D Washington Quarter in gem grade NGC MS 65.
Next, an auction for all five 2010 National Park Quarters First Day Coin Covers. An enthusiastic collector created the covers and had them canceled at each park location on the circulation release date for each coin.
Last, here’s a one ounce palladium medallion produced using palladium from Stillwater Mining Co. Since this company has the only operating palladium mine in the United States, they will likely supply metal for the upcoming American Palladium Eagles.
That’s it for another update. See you next time!
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