Welcome to Coin Update!
We’re back with another round up of coin collecting news and articles from around the internet! First, an update on the American Palladium Eagles expected to be released by the US Mint in 2012. Also, two upcoming America the Beautiful Five Ounce Silver Coin releases, 1909-S VDB Lincoln Cents, coin shop owner interview, Early American Coppers convention, polymer bank notes, copper printing plate in dispute, melting silver coins, bullish on silver, supportive of gold, Zimbabwe gold standard, and notable auctions. On to the links…
The United States Mint is seeking contractors to perform a marketing study on the market for palladium bullion investments. This is the first step towards the anticipated production of American Palladium Eagles.
Tomorrow the United States Mint will begin sales of the next numismatic America the Beautiful Five Ounce Silver Coin featuring Yellowstone National Park. There probably will not be the same frenzy experienced for the previous release.
The following week the next bullion release featuring Olympic National Park will go on sale to authorized purchasers. Are you starting to get ATB fatigue?
The search for 1909-S VDB Lincoln Cents yielded an ugly example priced at $225 and an example slabbed by NCS with “damage”. The author of the article purchased one of the two coins.
A local profile and interview with the owner of the “largest coin shop in Iowa”, Christopher Seuntjens, owner of Christopher’s Fine Jewelry and Rare Coins.
CoinWeek has some video coverage of the Early American Coppers convention. Here’s one segment with member comments and another for the “Happening”.
Why doesn’t the United States use polymer banknotes?
A copper printing plate possibly engraved by Paul Revere was purchased at an estate sale in Minnesota. After the plate was consigned to be auctioned by Heritage, the state of New Hampshire intervened, claiming it was their property.
A silver bar which was reportedly the first cast from silver mined at the Trade Dollar Mining and Milling Co. sold for $21,210. The bar contained a little more than 25 troy ounces of silver.
An interesting post by Dave Harper, the editor of Numismatic News, describing the melting of coins as a sign of life and hope. This is a contrast to an editorial from a month ago written by Beth Deisher, the editor of Coin World, which lamented the long term effects of melts on the hobby. (Here’s a link to her article.)
Local coin dealers in Florida are still bullish on silver.
This article in the Wall Street Journal takes a dim view on silver, and prefers gold.
Meanwhile, the central bank of Zimbabwe, whose currency was rendered worthless by inflation, has started talking about a new currency backed in gold.
And now for some notable auctions. First, a complete set of Peace Dollars graded by PCGS.
Next, an auction for all four of the National Wildlife Refuge System Silver Medals issued by the US Mint in 2003. Theodore Roosevelt is portrayed on the obverse. Some collectors would have liked to see him on the obverse of the ATB quarter series.
Last, an auction for 2009 Ultra High Relief Double Eagles graded NGC MS 70 and MS 70 PL.
That’s it for another update. Have a great evening!
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