We’re back to bring you another round up of coin collecting news and articles from across the internet! Gold and silver have been the focus of many articles lately. The latest update begins with articles on gold demand, increased silver selling activity, legal tender laws in Utah, and virtual currencies. The update continues with highlights from the upcoming Long Beach coin auction, information on collecting Morgan Dollars, a coin market report, discussion on rarity, and notable auctions. On to the links…
Late last week, the World Gold Council released their report on Gold Demand Trends for the first quarter of 2011. Global demand was up 11% year over year and is expected to remain robust for the rest of the year.
This article from MSNBC reports increased numbers of people selling silver to precious metals companies, pawn shops, and silver-buying parties. Some of these sales are occurring out of economic necessity.
Gold and silver coins have become legal currency in the state of Utah and are now exempt from state capital gains tax. An entrepreneur plans to open a depository where people can store gold and silver and make purchases with a debit-like card backed by their holdings.
A new virtual currency called BitCoin has been getting a lot of attention lately. An article on TechCrunch (from the someone who operates another virtual currency) foresees “the end of money as we know it.”
Highlights from the upcoming Long Beach Coin Auction held by Heritage include a 1795 Flowing Hair Silver Dollar graded NGC MS 65 and an 1895 Morgan Dollar graded NGC PF 67 Ultra Cameo.
A man found $45,000 in cash hidden within a home he just purchased. He returned the money. This article has pictures of the hoard of cash.
Louis Golino provides an overview on collecting Morgan Dollars.
A discussion of the coin market with attention given to Morgan Dollars. One buyer is reportedly trying to acquire one million 1921 Morgan Dollars.
NumiStories discusses the topic of rarity, with an explanation of the Sheldon scale from R1 to R8 and Q. David Bowers proposed scale from URS-1 to URS-16.
Laura Sperber of Legend Numismatics has a report following the PCGS Invitational held in Las Vegas.
And now for some notable auctions. First, a Kolit Wheel display of Jefferson Nickels, which contains twelve off center errors from K-1 to K-12 on the scale.
Next, a collection of 1983-1997 Prestige Proof Sets in the original US Mint packaging. These expanded proof sets contain one or more of the commemorative coin issues for the year.
Last, the uncirculated version of the Elizabeth Monroe First Spouse Gold Coin. This was the beginning of the lower mintage issues for the series.
That’s it for this update. Have a great evening!
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