Sunday, March 20, 2011

March 18, 2011: Uncirculated Gold and Silver Eagles, Richard Peterson, Washington Nugget Sale

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Welcome to Coin Update!

We’re back with one more round up of coin collecting news and articles to finish the week! First, the US Mint plans to resume offering collectible uncirculated versions of the American Gold and Silver Eagles after a two year gap. Next, interview with the Acting Director of the United States Mint, plus and star NGC grades, Bernard von NotHaus trial, 2011 Native American Dollars, the Washington Nugget sold, Royal Wedding commemorative coins, 95% copper Lincoln Cents, premiums for Saint Gaudens Double Eagles, and notable auctions. On to the links…

The US Mint plans to offer 2011-W Uncirculated Gold and Silver Eagles. The last time the collectible uncirculated version of the coins were offered was 2008.

Numismatic News has an interview with Richard Peterson, the Acting Director of the United States Mint.

This article posted by Jeff Garrett on the NGC website, explains how the NGC Star designation and plus grading add another layer of information when assigning value to a rare coin.

Bernard von NotHaus has been found guilty of making counterfeit coins and intent to defraud for his Liberty Dollars.

The 2011 Native American Dollars have been added to the US Mint’s Direct Ship program. The coins can be ordered in quantities of 250 at face value.

Prices for Silver Proof Sets and America the Beautiful Quarters Silver Proof Sets were increased today. Before the increase, issue prices were approaching melt value.

The 100 troy ounce “Washington Nugget” was sold for $460,000, a significant premium to its gold value of about $138,000.

The Better Business Bureau warns about Texas-based companies offering gold bullion coins “completely free of dealer mark-up” only to steer potential customers towards (what seems to be) 1989 Congress $5 Gold Commemorative Coins at a very high premium.

The first of the official commemorative coins issued for the wedding of Price William and Kate Middleton were struck yesterday. The Royal Mint expects to sell more than 250,000.

Are pre-1982 Lincoln Cents disappearing from circulation? These 95% copper coins now have a melt value of 2.8 cents each, although it is illegal to actually melt them.

Here’s a look at the fluctuating premiums for MS60 and MS65 graded Saint Gaudens Double Eagles as the price of gold rose from $432 to more than $1,400 per ounce.

And now for some notable auctions. First, a 1983 Proof Set which includes the 1983 “No S” Roosevelt Dime. This represented one of several occasions when the mint mark was left off of a modern proof coin struck at the San Francisco Mint.

Next, a nice example of the so-called “11 cent coin,” in this case a 1994 Lincoln Cent struck on a Roosevelt Dime. The coin is encapsulated and graded PCGS MS66.

Last, to go with one of today’s articles, here’s the collectible uncirculated 2007-W $25 Gold Eagle NGC MS 70.

That’s it for another update. Have a great weekend!

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