Welcome to Coin Update!
We’re back with another round up of coin collecting news and articles from across the internet! First, sales of the American Silver Eagle bullion coin have set another record. Also, slower sales for US Mint numismatic products, upcoming book on modern coins, availability and pricing of bullion products, CoinSecure, the World Money Fair, John Mercanti, early copper websites, coins sold for more than $2 million, and notable auctions. On to the links…
Silver Eagle bullion coin sales for January set a new monthly record by a wide margin. The US Mint sold 6,422,000 ounces of silver, as the market price of silver dropped 9%.
The recently released 2011 Silver Proof Set and Gettysburg National Military Park Quarter bags and rolls are off to a slower start than other recent comparable products. However, sales revenue actually increased due to the recently implemented price hikes.
Later this month, Whitman Publishing will release a new book 100 Greatest U.S. Modern Coins, including circulating, bullion, and commemorative issues.
Richard Peterson has been named the US Mint Deputy Director. He will serve as the acting Director until a new Director is nominated by the President and confirmed by Congress.
Patrick Heller provides a pretty comprehensive summary on the availability and pricing for gold and silver bullion products.
A discussion of anti-counterfeiting technology following the World Money Fair in Berlin. CoinSecure, whose technology is used for PCGS Secure Plus, says they want to convince government and private mints to scan every coin produced.
Ron Guth, returning from the World Money Fair, provides some impressions on the differences between German and American coin shows.
The US Mint now has a YouTube channel. Their first video is “A Tribute to John Mercanti” who recently retired from his position as Chief Engraver. (Today’s coin image is one of his many designs.)
If you are interested in early copper, here are a five great websites to check out.
On CoinWeek, Greg Reynolds discusses the auction of the recent auction of the 1907 “Satin Proof-67 Rolled Edge” $10 gold piece for $2,185,000 and lists other American coins that have sold for more than $2 million.
And now for some notable auctions. First, a big lot of fifty 1994 Silver Eagles graded NGC MS 69. This is one of the lower mintage years, actually lower than the latest monthly sales amount.
Next, a group of 31 original Mint Sets, which includes primarily the earlier double mint sets issued from 1947-1958.
Last, one of the lower mintage modern gold commemoratives. The uncirculated version of the 1996-W Smithsonian $5 Gold Coin had a mintage of 9,068.
That’s it for this update. See you next time!
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