Thursday, May 19, 2011

May 18, 2011: Ulysses S. Grant Presidential Dollar, Mintage and Rarity, 2 and 3 Cent Coins

Coins and Coin Collecting | News, Articles, and Information | Coin ...

Welcome to Coin Update!

We’re back with another round up of the latest coin collecting news and articles from around the internet! First, the upcoming release of the Ulysses S. Grant Presidential Dollar. Also, US Mint sales report, Yellowstone five ounce silver coins, gold sovereign discovery, mintage and rarity of coins, the gold standard, two and three cent coins, Canadian coin dealer, ancient coin auction results, other numismatic areas, and notable auctions. On to the links…

The Ulysses S. Grant Presidential Dollar will be released tomorrow. In addition to the US Mint’s numismatic rolls, there are other sources for obtaining the coins at face value.

The latest US Mint sales report shows continued slowness for numismatic gold coins. Perhaps the price decrease, which took place earlier today, will spark some new interest from buyers.

Hot off the press! After the opening day of availability, the Yellowstone Five Ounce Silver Uncirculated Coin had sales of 18,143 coins out of the total 27,000 mintage.

Kodak has adopted a new pricing policy to deal with volatile silver prices. Quote from the article: ““We need to adjust our own pricing on a more frequent basis to deal with these market fluctuations.” (Maybe the US Mint should do this for silver products.)

Hundreds of gold sovereigns were uncovered by construction workers digging in Western Australia. Initial reports about the age and value of the find have been questioned by some experts.

Lifehacker Australia explains why it is time to kill the five cent coin. The country previously eliminated the one and two cent coins in 1991.

Dave Harper explains why you often have to look beyond the mintage levels when determining the rarity of coins.

ABC News covers the push for a gold standard by some states and economists.

CoinWeek has articles on the two cent coin and the three cent nickels.

Another incredible story from the former chief buyer for Paramount International Coin Corporation. At this point, he had decided to go into business for himself and quickly became the most prominent dealer in Canadian coins.

A summary and highlights of the results of the Heritage-Gemini auction of ancient coins held for the Chicago International Coin Fair.

Numismatics includes more than just coins. Coin Collectors Blog explores some of the other areas that you can collect and study.

And now for some notable auctions. First, this seller has separate auctions for 1936-1942 Proof Lincoln Cents. Each one is certified by PCGS and most are in old green holders.

Next, auctions for 27 separate missing edge lettering coins for Presidential Dollars and Native American Dollars.

Last, a 1943 Steel Lincoln Cent Mint Error that was double struck in collar. PCGS has authenticated the coin and graded MS64.

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

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