Saturday, September 10, 2011

September 9, 2011: 2012 Year of the Dragon Coins, Time Capsule Collection, Stolen Error Coins

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Welcome to Coin Update!

We’re back to bring you another round up of coin collecting news and articles ahead of the weekend break! First, the Perth Mint’s release of the 2012 Year of the Dragon gold and silver coins, in bullion and numismatic format. Also, US Mint circulating coin production, the “time capsule collection”, 2011 September 11 National Medals, error coins stolen from the Philadelphia Mint, video on minting silver coins, animals on U.S. coins, Chinese rarities, ANA Museum Showcase, and notable auctions. On to the links…

The Perth Mint’s Australian Lunar Series 2012 Year of the Dragon gold and silver coins appear to be very popular with bullion investors and collectors. Here are articles with information on the bullion coins and the numismatic proof coins.

Some additional information: The Perth Mint’s bullion blog reports unprecedented levels of demand for the 1/2 oz, 2 oz and 5 oz sizes, resulting in a temporary suspension of sales.

The US Mint’s circulating coin production levels fell in the most recent month. The production of Native American Dollars resumed after a four month gap.

A more detailed account of the “time capsule collection” of proof sets from 1883 to 1916 that were passed down through two generations and recently sold at auction for nearly $1.3 million.

Ahead of the 10th anniversary, the United States Mint highlights the current offering of 2011 September 11 National Medals. Although the maximum authorized mintage is 2 million, sales have been far below this amount.

A US Mint police officer pleaded guilty to stealing $2.4 million worth of error coins from the Philadelphia Mint. He had taken several small bags of missing edge lettering Presidential Dollars and sold them to a California dealer.

Since these error coins are stolen property, will the US Mint try to get them back?

A video posted on YouTube shows how silver coins are minted at the at the North West Territorial Mint.

In the United States, we know that pre-1965 coins are valuable for their silver content. Here’s an article from the UK, where coins minted before 1947 have actual silver content.

A rundown of the many different animals that have made an appearance on U.S. coinage over the years. One is shown as today’s coin image.

CoinWorld reports on the third Chinese rarity to sell for more than $1 million in the last five months. It was a 1-kilogram gold coin with a reported mintage of only 5 coins.

Here are some of the historic rarities that will be on display at the ANA Museum Showcase in Pittsburgh.

And now for some notable auctions. First, one of the 2000-P Goodacre Presentation Sacagawea Dollars encapsulated and numbered by ICG. The 5,000 coins paid to the designer for her work were specially burnished by the US Mint.

Next, the key date 1885 Liberty Nickel graded PCGS AU50.

Last, the 1995 Civil War 3 Coin Proof Set, issued by the US Mint in a special Union daguerreotype case.

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

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