Welcome to Coin Update!
We’re back for another fresh round up of coin collecting news and articles from around the internet! First, it’s another sales suspension for multiple US Mint numismatic products, following a jump in precious metals prices. Also, the 2011-P America the Beautiful Five Ounce Silver Uncirculated Coins, US Mint bullion sales, bullion investing, collectible markets, early proof sets fetch top prices, David L. Ganz on his penny op-ed, photos from the Bureau of Engraving and Printing, September 11 National Medals, and notable auctions. On to the links…
The United States Mint suspended sales of all non-commemorative numismatic gold coins and 2010 Silver Proof Sets today. This is the third and fourth suspension, respectively.
Some interesting thoughts on the prospects for the numismatic 2011-P America the Beautiful Five Ounce Silver Uncirculated Coins from a new blog Doomberg and from Louis Golino on CoinWeek.
The US Mint experienced strong gold and silver bullion sales during August 2010, bucking the seasonal trend. However, sales of the 2011 ATB Five Ounce Silver Bullion Coins slowed to a crawl.
Will today’s bullion investors become tomorrow’s coin collectors? Dave Harper doesn’t think so, based on past experiences.
An article in USA Today discusses the growing appeal of collectibles, and “one of the most popular collectible markets” rare coins.
Coverage of the ANA World’s Fair of Money from the perspective of a European. An interesting read with lots of photographs from the convention.
A collection of proof sets dating from 1883 to 1916 realized more than $1.5 million. The original collector had purchased the sets from the Mint each year and put them away in the original packaging, unopened.
Coin Rarities & Related Topics covers the Spink-Smythe auction for a collection of gold and silver coins that realized more than $850,000.
David L. Ganz discusses the process behind his op-ed piece on the penny, recently published in the New York Times. After 14 months, a dozen rewrites, and dogged fact-checking, the article was finally published. (I had an op-ed published in the New York Times a few years ago, and it was a similarly time intensive process.)
A photo gallery showing how money is made at the Bureau of Engraving and Printing in Washington, DC.
NGC is offering a special label for the US Mint’s September 11 National Commemorative Medal. Readers have been reporting that they have started to receive the medals in hand.
And now for some notable auctions.First, an auction for a group of 20 2007-W Uncirculated Silver Eagles. These collector versions with the “W” mint mark have significantly lower mintages than the bullion versions.
Next, a flash back to where it started with an auction for the 1986 Proof $50 Gold Eagle, including the original box and certificate of authenticity. Back then, the US Mint charged $550 for the one ounce proof coins.
Last, the key date 1913-S Barber Quarter graded PCGS VG10 with CAC sticker. This coin had a mintage of 40,000 pieces.
That’s it for another update. Enjoy the Memorial Day weekend!
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