Saturday, May 7, 2011

May 6, 2011: ATB 5 Ounce Silver Coins, Gold and Silver Prices, 1976 Washington Quarter

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Welcome to Coin Update!

We’re back with another round up of coin collecting news and articles to finish the week! First, discussing ATB 5 ounce silver coins in numismatic and bullion versions, and the release date for the next numismatic issue. Also, the recent significant declines in gold and silver, Silver Proof Set sales, Patrick Heller commentary, silver refiners, bullion storage companies, designer of the 1976 Washington Quarter, rare coin auctions, Burke & Wills time capsule, Eliza Johnson First Spouse Gold Coins, and notable auctions. On to the links…

Louis Golino has a discussion on collecting America the Beautiful 5 Ounce Silver coins, specifically a comparison of the numismatic and bullion versions of the series.

The US Mint plans to release the next numismatic issue featuring Yellowstone National Park on May 17. Fewer than 1,000 of the Hot Springs design remain available.

Gold and especially silver experienced significant declines this week. Here’s some exact figures on the extent of the declines before today’s rebound.

After the fall, the US Mint resumed sales of previously suspended Silver Proof Sets.

New gold and silver commentary from Patrick Heller.

One of the four major silver refiners in the United States has been running around the clock and has to turn away new business, as higher silver prices have created a “rush to sell.” The company owner said it is busier today than during the Hunt Brothers period.

CoinWorld spoke to several companies that operate storage vaults for precious metals, who have been seeing a surge in business.

An article on the Ocean County Coin Club of New Jersey, which has more than 160 active members. They will hold their annual convention next week.

Jack L. Ahr, who designed the bicentennial 1976 Washington Quarter reverse, was spotted at the CSNS convention.

Some interesting insights on an 1862-S Gold Eagle that sold that sold for $103,500 at the recent Heritage auction.

Are there really no bargains at rare coin auctions?

A time capsule buried in 1863 to memorialize explorers Burke and Wills was recently unearthed. It contained a full set of coins of the day, estimated to be worth more than $50,000.

Not to be left out, sales of the Eliza Johnson First Spouse Gold Coins began yesterday. The US Mint took the unusual step of generating a second set of design candidates after the CCAC criticized the first set.

And now for some notable auctions. First, here’s the 2010-W Proof $100 Platinum Eagle graded NGC PF 70 Ultra Cameo. The 2011-dated coin is scheduled to be released later this month. The past two years have seen quick sell outs.

Next, the 1936 Wisconsin Territorial Centennial Half Dollar, with the original packaging and mailer included.

Last, the 1937-D “Three Legged” Buffalo Nickel graded PCGS MS63.

That’s it for another update. Have a great weekend and don’t forget Mother’s Day!

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