Tuesday, March 1, 2011

February 28, 2011: Gettysburg Quarter Production, DMPL and PL Coins Designated by PCGS, Royal Wedding Coin

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Welcome to Coin Update!

We’re back with another fresh round up of coin collecting news and articles from around the internet! First, the initial production figures for the Gettysburg Quarter are the lowest for any of the America the Beautiful Quarters released to date. Also, Coingrader Capsule on PVC contamination, PCGS starts designating PL and DMPL for certain coins, rarities on display at the National Money Show, local coin show coverage, ring dollar pattern, , two euro coin design, UK counterfeit coins, Royal Wedding Coin design, and notable auctions. On to the links…

The US Mint has released preliminary production figures for the Gettysburg National Military Park Quarter indicating 61.2 million coins struck for circulation. This represents a new mintage low for the series, although it remains possible that the Mint might restart production.

A new Coingrader Capsule discusses PVC contamination to lead into a discussion of the PCGS spot removal service.

This post on the PCGS blog lists developments for the first 60 days. An interesting development is that PCGS will begin designating Proof Like (PL) for the 2009 Ultra High Relief Double Eagle and PL or Deep Mirror Proof Like (DMPL) for the America the Beautiful Silver Bullion Coins. NGC has awarded these attributions to eligible coins from the start. (See this Coin Update News article from a year ago that discussed Proof Like 2009 UHR Double Eagles.)

Great rarities including an 1804 Silver Dollar, 1913 Liberty Nickel, and 1787 Brasher Doubloon will be on display at the National Money Show in Sacramento.

Coverage from a coin show in Racine County Wisconsin has some interesting discussions on paper money, nickels, and a 62 pound silver bar.

One of the Mint’s experiments with gold dollars in 1852 was the ring dollar, with a hole in the middle of the coin to allow a larger diameter.

The UK Royal Mint has indicated that sales of gold and silver coins doubled from the levels of the prior year.

The House Financial Services Committee will examine many issues related to the US Mint and Bureau of Engraving and Printing over the next two years, including the problem of counterfeit rare U.S. coins.

A design from a 27 year old Fine Arts student was selected by Royal Dutch Mint for a commemorative two Euro coin.

An article exploring some of the security features of paper money in the UK and discussion of the number of counterfeit coins and notes in circulation.

The Royal Mint has revealed the design of the Prince William and Kate Middleton Royal Wedding commemorative coin.

And now for some notable auctions. First, a high grade example of an “11 cent coin.” It’s a 2000 Lincoln Cent struck on a dime graded NGC MS 67.

Next, an 1883 Trade Dollar graded ANACS PF 64 Cameo in an old small holder. This is one of the proof only years of the series with a mintage of less than one thousand.

Last, a group of ten 2009 DC & US Territories Quarters Silver Proof Sets. Following the recent rise in the price of silver, the silver value of each set is now almost $37.

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

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