Thursday, March 3, 2011

March 2, 2011: US Mint Sales Figures, Million Dollar Coins, S.S. Republic Treasure

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Welcome to Coin Update!

We’re back with another round up of coin collecting news and articles from around the internet! To start, the latest sales reports on the United States Mint’s numismatic products and bullion coin programs. Also, US Mint product and pricing update, designs for the September 11th Silver Medal, gradeflation, coin pricing, PCGS Million Dollar Coin Club, Fiji coins and notes, the Great Coin Drought, S.S. Republic, and notable auctions. On to the links…

The latest US Mint sales report includes the debut figures for the Medal of Honor Commemorative Coins, Andrew Johnson Presidential Dollar rolls, and the 2011 Presidential Dollar Proof Set.

US Mint bullion sales show a decline for Silver Eagles compared to the prior month, although sales remain well above levels from the year ago period.

This post from Mint News Blog covers several recent developments related to US Mint products including a price increase for gold coins, the sales suspension of the 2010 America the Beautiful Quarter Silver Proof Set, and the delayed Eliza Johnson First Spouse Gold Coin.

The Commission of Fine Arts recently reviewed the 10 obverse and 16 reverse design candidates for the 10th Anniversary September 11th Silver Medal.

PCGS continues their series on the history of coin grading, covering the gradeflation of 1983-1986.

An interesting perspective on the dramatic rise in the prices of gold and silver from Dave Harper. More than once, the monthly price guide published in Numismatic News has become obsolete soon after it was printed.

Greg Reynolds covers the PCGS Million Dollar Coin Club and mentions some coins he believes should be added to the list and questions the values assigned to certain coins that did make the list.

The portrait of Queen Elizabeth II will no longer appear on coins and banknotes of Fiji. She will be replaced by images of native trees and animals.

Doug Winter discusses the factors leading to what he calls the Great Coin Drought.

A.C. Dwyer provides a history of the S.S. Republic, how it sunk, and the treasure recovered by Odyssey Marine Exploration which included 47,000 silver coins, 1,460 $10 gold eagles, and 2,675 $20 gold double eagles.

And now for some notable auctions. First, an auction for both the proof and uncirculated versions of the Martin Van Buren’s Liberty First Spouse Gold Coin.

Next, a mated pair of 2001 Lincoln Cents. One of the coins is triple struck and both coins are authenticated and encapsulated by PCGS.

Last, the 1995 Civil War Battlefields 3 Coin Proof Set in the US Mint’s “photopack.” The presentation box is modeled after the photograph cases carried by some soldiers.

That’s it for this update. Have a great day!

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