Sunday, June 5, 2011

June 3, 2011: US Mint Products Sell Out, Bust Silver Dollars, Favorite World Coins

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Welcome to Coin Update!

We’re back to bring you another fresh round up of coin collecting news and articles from across the internet! First, two US Mint numismatic products sell out, one of them unexpectedly. Also, monthly gold and silver bullion sales statistics, authorized purchaser distribution of the 2010 ATB Silver bullion coins, interview with Taya Pobjoy, the rare coin market and the art market, silver prices, commemorative and bullion coins, Bust Silver Dollars, favorite world coins, online world coin price guide, and notable auctions. Onto the links…

There were two recent sell outs for US Mint numismatic products. The 2010-P Yellowstone Five Ounce Silver Uncirculated Coin sold out on June 1. Later the same day, the Mary Todd Lincoln First Spouse Gold Coin also sold out.

The US Mint’s silver bullion sales reached their highest level since January, at more than 4 million ounces. Gold bullion sales were lower, despite experiencing strong sales at the start of the month.

The United States Mint will not audit or investigate any of the authorized purchasers involved in the distribution of the 2010 America the Beautiful Silver Bullion coins.

An interview with Taya Pobjoy, the managing director of the Pobjoy Mint.

An excellent article from Doug Winter on why the rare coin market isn’t the art market and what needs to happen to change this.

Dave Harper continues to monitor the daily prices of silver after the peak price reached on April 29. After the peak price reached in 1980, it took 36 days for silver to fall below $30 per ounce, before continuing down to $10.80 by the 49th day.

Exploring mythology on coinage, Numistories recounts the abduction of Europa by Zeus.

The Los Angeles Times on the push by many states to make gold and silver legal tender, a move that economists say would be “disastrous.”

An explanation of the differences between commemorative coins and various bullion coins, highlighting the inconsistencies in assigning denominations.

Greg Reynold’s weekly column for CoinWeek covers the Hesselgesser Collection of Bust Silver Dollars.

As a change of pace for Mint News Blog, here are some favorite coins from world mints. The coins highlighted each bring something that is lacking in US coins and offerings.

On a related note, NGC has released an online price guide for world coins. The prices are compiled by Krause Publications’ Numismaster.

And now for some notable auctions. First, the 2000-W Library of Congress $10 Bimetallic Coin, with an outer ring of gold and an inner core of platinum.

Next, a 1972 Double Die Lincoln Cent graded PCGS MS66RD in an old green holder with CAC sticker.

Last, a complete set of Barber Half Dollars from 1892 to 1915, including all dates and mint marks.

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

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