Tuesday, April 19, 2011

April 18, 2011: 2011 ATB Quarter Set, Impact of $40 Silver, Legality of Liberty Dollars

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Welcome to Coin Update!

We’re back for another round up of coin collecting news and articles from around the internet! The next numismatic product release form the United States Mint will feature the 2011 America the Beautiful Quarters. Also, implications of the price of silver above $40 per ounce, billion dollar gold bar delivery, Sacagawea Dollar model, coin furniture, Liberty Dollars, coin book review, selling a collection, coin hoard discovery to be returned to descendants, and notable auctions. On to the links…

Tomorrow the US Mint will begin sales of the 2011 America the Beautiful Quarters Uncirculated Coin Set. These coins carry a brilliant finish, as previously issued in the full 2011 Mint Set.

Implications of silver prices above $40 per ounce from Steve Roach, who discusses higher prices for collecting areas such as silver proof sets and commemoratives. Another article from Numismatic News, about some people tempted to sell their silver coins and wares.

The University of Texas Investment Management Co. took delivery of nearly $1 billion wroth of gold bars, seeking “to protect against demand for the metal overwhelming supply.”

Randy’L Teton, the model for the Sacagawea Dollar, recently spoke at a rotary club meeting. She commented on the experience surrounding the coin and what she is doing now.

Here’s an article about an artist who designs and builds furniture made out of coins. One of his couches made with 6,800 nickels sold for $105,000.

Following the conviction of Bernard von NotHaus, are the Liberty Dollars legal to collect? According to this CoinWorld article, they are legal, as long as there is no attempt to pass them as current money.

Coin Collectors Blog has a book review for Coins: Questions & Answers.

An article from a financial planner that discusses advising collector heirs who want to sell a coin collection. The first issue is to determine whether it is an accumulation or a collection.

CoinsWeekly’s article of the week is about the Hamerani family of medallists.

A jar of 80 gold double eagles found three years ago in London is expected to be returned to the descendants of the family who hid them.

And now for some notable auctions. First, a collection of 1986-2010 Proof Silver Eagles graded PCGS PR69DCAM in a display album. All regular issues are included except for the 2009, which was canceled.

Next, a 1927 Saint Gaudens Double Eagle graded PCGS MS66+ in a new secure plus holder.

Last, a modern conditional rarity. It’s a 1978-S Eisenhower Dollar NGC PF 70 Ultra Cameo. Out of all the proof Eisenhower Dollars graded by the company, only three have been awarded this top grade.

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

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