Friday, May 27, 2011

May 25, 2011: Proof Gold Buffalo Sales, Gold and Silver Pandas, Key Date Coins

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Welcome to Coin Update!

We’re back with another fresh round up of coin collecting new and articles from around the internet! First, the latest US Mint sales report, which shows a slower initial pace of sales of the Proof Gold Buffalo, but strong sales for the Yosemite five ounce silver coins. Also, the 2011 Proof Platinum Eagle, 1918 Lincoln Cents, collecting Morgan Dollars, Gold and Silver Panda coins, Bitcoin, 1918 Lincoln Cents, the five cent nickel, bullion reporting requirements, key date coins, Britain’s Portable Antiquities Scheme, and notable auctions. On to the links…

Many products make their first appearance on the latest US Mint sales report. The new products include the 2011 Proof Gold Buffalo, 2010-P Yellowstone 5 oz. Silver Coin, Ulysses S. Grant rolls, and Andrew Johnson Presidential $1 Coin & First Spouse Medal Set.

Meanwhile, sales of the Olympic National Park Five Ounce Silver Bullion Coin debuted at 60,700, based on orders placed by authorized purchasers.

Tomorrow, the 2011 Proof Platinum Eagle will go on sale. Mint News Blog provides a summary of the factors working for and against the offering, as well as information on the 2009 and 2010 issues, which sold out quickly.

David Hall explains why some rare coins haven’t increased in value as quickly as the price of precious metals.

Part Two of Louis Golino’s article series on collecting Morgan Dollars. This one includes an interview with Steve Estes.

According to this Numismatic News article, a 1997 Silver Panda has increased in price from $2,250 to $41,700 in just three years. Some starting points for new collectors the Chinese Panda coins are suggested.

Technology Review provide an describes the origin of the virtual currency Bitcoin and explains how it works.

May 30, 2011 will be “National Spend a 1918 Lincoln Cent Day“.

This article from the PCGS Library describes the origin of the five cent nickel.

An explanation of the rules for reporting cash and bullion transactions that might come into play when buying or selling precious metals bullion coins.

Doug Winter discusses key date coins. Is it better to spend a budget on assembling a collection or acquiring as many key date coin as possible?

At this summer’s ANA convention, there will be certain tables available to dealers and collectors on a daily basis.

Britain’s Portable Antiquities Scheme seems to be encouraging archeological finds, since amateur treasure seekers get to keep what they find.

And now for some notable auctions. First, a complete collection of 1907 to 1929 Indian Quarter Eagles. According to the description the coins were all graded by ANACS photgrade back in the 1980′s. The grades are included, but the auction picture isn’t great.

Next, a 1948 US Mint Set in the original packaging. The envelope even include the original stamps.

Last, an auction for a 1997 Jackie Robinson Commemorative 4 Coin Set. This includes the low mintage uncirculated $5 gold coin.

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

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