Saturday, May 21, 2011

May 20, 2011: 2011 Proof Platinum Eagles, Refining Scrap to Precious Metals Blanks, Mercury Dime Model

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Welcome to Coin Update!

We’re back for one more round up of coin collecting news and articles to finish the week! First, the US Mint has received a great deal of criticism from collectors over the past few years, but do they deserve it? Also, the design and release details for the 2011 Proof American Platinum Eagle, Yellowstone five ounce silver coin sales, US Mint directorship, 1842-O Gold Eagle, ANA update, turning scrap into precious metals blanks, coin with QR code, model for the Mercury Dime, coin hoard discovery, rare gold coin market, and notable auctions. On to the links…

The latest article from Louis Golino asks: Does the US Mint deserve the criticism it receives?

The design for the 2011 Proof Platinum Eagle has been revealed. An image of the harvest goddess designed by Joel Iskowitz will represent the theme “To Insure Domestic Tranquility”.

The US Mint’s website “didn’t crash” when the numismatic Yellowstone five ounce silver coins went on sale. By the end of the first day of sales, orders reached 18,409.

Dave Harper explains why he believes the US Mint directorship should remain a political appointment, as opposed to becoming a civil service job.

Great Collections will auction one of the finest known 1842-O Gold Eagles. The coin was purchased from a major department store back in the 1960′s.

CoinWorld provides information on the American Numismatic Association’s bourse table sales, summer seminar registrations, and elections.

Here’s an inside look at how one of the biggest precious metals refineries in Europe turns gold and silver scrap to precious metals blanks. The article includes many photographs from throughout the process.

You may have seen some of the television advertisements offering “commemorative” $2 bills depicting National Parks. This article and video from 7 On Your Side discusses consumer complaints directed at the marketing company selling the “enhanced” bills.

An upcoming release from the Royal Dutch Mint will mark the first coins to include a scannable QR Code.

Elsie Stevens, the wife of poet Wallace Stevens, is believed to be the model for Adolph A. Weinman’s Mercury Dime.

Doug Winter tells us what’s hot and what’s not in rare gold coins.

A hoard of more than 1,200 coins from the third century AD was found was found at a building site in England.

And now for some notable auctions. First, a group of 17 commemorative silver dollar coins and sets. This includes a variety of popular issues such as the 2001 American Buffalo Silver Dollar.

Next, here are the 2009 and 2010 Proof Platinum Eagles, which represent the first two issues in the design series featuring the core concepts of American democracy. These had lower maximum mintages than the upcoming 2011 release.

Last, the 2006 20th Anniversary Gold Eagle Set with all three coins graded MS or PF 70. The set includes uncirculated, proof, and reverse proof versions.

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

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