Saturday, July 9, 2011

July 8, 2011: 2012 Native American Dollar Designs, Langbord Trial Begins, MS70 Coins

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Welcome to Coin Update!

We’re back with one more round up of coin collecting news and articles from around the internet! After missing a few days, it’s a lengthy update to bring us back to speed. First, the design candidates for the 2012 Native American Dollar, which will continue the series honoring the accomplishments and contributions of Native Americans. Also, the US Mint sales report with opening figures for the 2011 Proof Silver Eagle, bullion sales reports, 1933 Double Eagle trial begins, new Euro coin design, MS70 graded coins, stolen coins recovered, more stolen coins reported, summer FUN auction, hoard of French gold coins, gold and silver markets, US Mint product release, and notable auctions. On to the links…

Here’s a look at the design candidates for the 2012 Native American Dollar. The theme for the design is the trade routes of the 17th century and the spread of the horse.

New US Mint sales reports cover numismatic product sales for the past week and bullion coin sales for the past month.

At the Royal British Mint, silver coin production for the first half of the year has doubled from the level of the prior year.

The trial to decide the fate of ten 1933 Gold Double Eagles has begun, with coverage from local and national news outlets. Here are articles from Philly.com, Reuters, and the Associated Press.

Here is CoinWorld’s coverage of the trail, with details on the jury selection and opening arguments.

A final related piece by Steve Roach discusses the potential value of coins if they are decided to be private property.

The winning design was selected for a new euro coin to commemorate ten years of euro banknotes and coins. Almost 35,000 people voted online for their favorite design from the five finalists selected by a professional jury.

John Maben, the CEO of Modern Coin Mart, provides his thoughts on MS70 graded coins and other issues raised in a recent article by Louis Golino.

Mr. Golino’s latest article for Coin Update, describes how to buy coins from the US Mint in person and when it might be a good idea to do so.

Civil War era gold and silver coins on loan from the ANA, which were reported stolen last month, have been returned anonymously.

Meanwhile, a collection from Salt Lake City valued well into the six figure range was reported stolen. See the article for a list of the stolen coins and certification numbers.

The number of dollar bills produced fell to a modern low and no ten dollar bills were printed. This article discusses the continued decline in the use of cash, but does not see the end of paper currency any time soon.

Coverage of the Summer FUN auction, with a focus on dimes and quarters.

The winner of a photography contest held by the Royal Canadian Mint and Canadian Geographic will see their work featured on a collector coin to be issued in 2012.

Centennial Auctions will offer a group of 1883 to 1916 Proof Sets that were bought by the original owner directly from the Mint and handed down through the family.

A hoard of 34 gold coins dated from 1595 to 1789 were dug up in a French cellar, as a couple was working on their drains. The coins may be worth as much as 100,000 euros.

Doug Winter describes his collecting history with some insights into his collecting parameters and areas of specific appeal.

In Switzerland there is a “healthy currency” movement that seeks the creation of a gold franc, which would be a parallel currency to the official Swiss franc.

Patrick Heller describes investigations and competition coming to the gold and silver markets.

The latest US Mint product release is the Ulysses S. Grant Presidential $1 & First Spouse Medal Set. Another numismatic product is not scheduled for release until July 27.

And now for some notable auctions. First, one of the 2000-P “Goodacre” Sacagawea Dollars graded PCGS SP67. This coin is in one of the specially created PCGS holders signed by Philip N. Diehl.

Next, an 1879-S Morgan Dollar in a GSA hard pack. These non-CC GSA holdered Morgan Dollars command a premium based on their packaging.

Last, this seller has numerous auctions for modern gold and silver commemorative multi-coin sets in original US Mint packaging. Various issues from the 1980′s and 1990′s are included.

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

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