Coin News

Gold, Silver, and Platinum Rise as Dollar Weakens

CoinNews.net — Thu, 09 Jul 2009 21:43:17 +0000

Gold edged higher Thursday as a weakened U.S. dollar helped the yellow metal rebound from a two-month low reached on Wednesday. Silver and platinum climbed as well. U.S. stocks ended the day with modest gains.

In New York trading futures for bullion:

Silver for September delivery rose 8.3 cents, or 0.6 percent, to 12.935 an ounce.
Gold for August delivery climbed $6.90, or 0.8 percent, to $916.20 an ounce.
October platinum gained $8.70, or 0.8 percent, to $1,110.50 an ounce.

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Numismatic News: Lincoln Cent History, Ten Rarest Gold Dollars

CoinNews.net — Thu, 09 Jul 2009 15:47:52 +0000

July 9: Four numismatic news or coin blog articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles:

The History of the Lincoln Cent
Susan Headley | About.com: Coins

The Lincoln Cent might never have come to pass had it not been for a stubbornly persistent U.S. President by the name of Theodore Roosevelt, and the untimely death of a great sculptor. Roosevelt had an eye for art, and felt that America’s coins were quite uninspiring compared to those of European nations. His acquaintainship with renowned sculptor…

Go to story »

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George Frederick Kolbe Auction: The Stack’s Family Numismatic Library

George Frederick Kolbe — Thu, 09 Jul 2009 15:18:49 +0000

On January 9th, 2010, George Frederick Kolbe/Fine Numismatic Books will offer for sale at public auction the remarkable numismatic library carefully assembled over seven decades by the New York numismatic firm founded by brothers Morton and Joseph and ably carried on by Norman, Benjamin, Harvey, Susan, and Lawrence Stack.

For over fifty years, the fabled American portion of the library has resided in antique bookcases lining one wall of Harvey Stack’s office, and along the opposite wall as well.

Other portions of the library were, for many years, located throughout the main floor of the firm’s New York City retail location at 123 West 57th Street and many of the great classic works on ancient and foreign coins and medals were carefully arranged on the second floor in the Coin Galleries offices.

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© George Frederick Kolbe for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Coin or Numismatic News, Press Releases and Announcements.

US Mint Coin Sales Eased During Summer Break

Mike Unser — Thu, 09 Jul 2009 14:38:58 +0000

Collectors had more on their minds than buying coins last week, the latest US Mint figures reveal. Sales were modest, held in check by diversionary summer travel and the celebration of an extended 4th of July holiday weekend.

As has been the case for several weeks, the Mint 2009 Proof Set led in sales. Another 101,409 were purchased on top of the last report, bringing the total sold to 785,821. It looks like the million figure will be breached by month’s end.

In other sales:

Braille Silver Dollars, Lincoln Rail Splitter pennies, UHR $20 double eagles and Guam quarter figures retreated.
On the bullion side of the equation, silver eagles sprinted past 14 million for the year, and gold eagles reached 682,500 on Monday.
Silver coins and sets crawled ahead. Four of six silver Mint offerings were especially slow compared to the prior week.
Inaugural Letitia Tyler First Spouse Gold Coin sales were solid given the recent series trend and their competition with the holiday weekend. Also, the no longer sold Louisa Adams proof coin jumped by 504 to 7,454. The uncirculated version was unchanged.

Here are the individual breakouts for many of the coins discussed above:

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© Mike Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Featured Coin News Articles, United States Mint News and Information.

Gold Hits Two-Month Low as Dollar Rises, Silver Falls

CoinNews.net — Wed, 08 Jul 2009 22:12:19 +0000

Gold dropped below $910 Wednesday as a firmer U.S. dollar pressured the yellow metal to a two-month low. Silver and platinum were hit even harder while oil tumbled to its own seven-week low. U.S. stocks rallied late to post slight gains.

In New York trading futures for bullion:

Silver for September delivery dropped 36.8 cents, or 2.8 percent, to 12.852 an ounce.
Gold for August delivery fell $19.80, or 2.1 percent, to $909.30 an ounce — the lowest for a most-active contract since May 5.
October platinum declined $34.00, or 3.0 percent, to $1,101.80 an ounce.

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Lincoln Cent Mintages Jump in June, Jefferson Nickel Production Equalizes

CoinNews.net — Wed, 08 Jul 2009 18:55:48 +0000

The latest batch of US Mint coin production figures are now available and they show several noteworthy changes in June. Lincoln cents jumped, quarters and Presidential dollars rose more modestly, and Jefferson nickels leveled out between mints.

Coin Production Totals by US Mint Facility - June Only*

	Denver	Philadelphia	Total
Unidentified Lincoln Cents	164,400,000	64,400,000	228,800,000
Jefferson Nickel	480,000	0	480,000
Unidentified Quarters	26,600,000	42,600,000	69,200,000
Unidentified Presidential $1s	14,280,000	41,020,000	55,300,000
Total	205,760,000	148,020,000	353,780,000

US Mint year-to-date coin figures are updated at the beginning of each month, enabling mintages to be calculated as they are above. Notice the increase in Lincoln Cents — especially from Denver.

The Mint has not yet said whether these numbers are for the upcoming Aug. 13 release of the Lincoln Professional Life penny or more of the Formative Years/Rail Splitter cents. If they are for the latter, the mintage in Denver will bounce to 363,600,000 and rise in Philadelphia to 376,000,000.

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© CoinNews.net for Coin News, 2009. | Permalink | One comment | Want more on these topics? Browse the archive of posts filed under Coin Production Figures, Coin or Numismatic News, United States Mint News and Information.

Bowers and Merena Realizes $4.2 Million in Baltimore

Bowers and Merena — Tue, 07 Jul 2009 22:01:29 +0000

Legendary 1876-CC Twenty-Cent Piece with Five-Generation History Realizes $207,000

IRVINE, Calif. — Bowers and Merena Auctions, America’s leading rare coin and currency auction house, returned to Baltimore for the second time in 2009 to present the Official Auction of the Baltimore Coin and Currency Convention at the Baltimore Convention Center June 10-13.

The auction of the nearly 2,500 lots realized a total of $4,225,995 over three live sessions, plus the inaugural online session of the official Baltimore auction.

The standout highlight of the auction was lot 757, an 1876-CC Twenty-Cent Piece in PCGS AU-58 with a fascinating history, which realized $207,000. Believed to be one of perhaps just 12 to 20 examples known, this specimen was acquired in Virginia City, Nev., by Gold Rush "Forty-Niner" John Seagraves Pick and has been kept in the Pick/Jurgensen family for the last 133 years.

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© Bowers and Merena for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Coin or Numismatic News, Press Releases and Announcements.

Gold Rises for First Day in Three, Silver Dips

CoinNews.net — Tue, 07 Jul 2009 21:41:48 +0000

Gold futures broke a two-day loosing streak on Tuesday, rising modestly, while platinum and silver continued to decline for a third straight session. In other markets, oil fell below $63 a barrel and U.S. stocks plunged.

In New York trading futures for bullion:

Silver for September delivery fell 1.8 cents, or 0.1 percent, to 13.220 an ounce.
Gold for August delivery gained $4.80, or 0.5 percent, to $929.10 an ounce.
October platinum declined $11.20, or 1.0 percent, to $1,135.80 an ounce.

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Dave Bowers in Spotlight at PNG’s Share the Knowledge ANA Seminar

Professional Numismatists Guild — Tue, 07 Jul 2009 18:48:22 +0000

(Los Angeles, California) — Award-winning numismatic author, acclaimed researcher, well-known dealer, Q. David Bowers, chairman of Stack’s and numismatic director of Whitman Publishing LLC, will be the featured speaker at the Professional Numismatists Guild (PNG) Share the Knowledge seminar during the American Numismatic Association (ANA) World’s Fair of Money convention in Los Angeles.

"An Hour with Dave Bowers" is the latest in the continuing series of free PNG educational seminars for collectors and dealers being conducted at shows around the country. The program featuring Bowers will be held at 11 a.m., Friday, August 7, 2009, in room 511-B of the Los Angeles Convention Center West Hall, site of the ANA convention. A complimentary light lunch will be available for audience members.

Bowers will take questions from the audience and discuss his involvement with the hobby starting in 1953 as a teenaged coin dealer, a role that landed him as a young guest on the NBC-TV Today Show in 1957 as well as subsequent appearances years later.

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© Professional Numismatists Guild for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Coin or Numismatic News, Press Releases and Announcements.

Royal Canadian Mint Launches Third Release of 2009 Collector Coins

Royal Canadian Mint — Tue, 07 Jul 2009 17:46:25 +0000

OTTAWA — Coin collectors and astronomy fans alike will be impressed by the Royal Canadian Mint’s $30 Sterling Silver International Year of Astronomy collector coin, as well as several new products which are sure to attract the gaze of those looking to expand their collections or acquire finely crafted keepsakes of innovative design and composition.

Other entries in the Mint’s third product release of 2009 include the final issue of the Playing Card Money series, a new Blessings of Wealth 99.999% pure gold coin, an "Autumn Jewel" crystal raindrop coin and the newest issue of the $20 Fine Silver Great Canadian Locomotive Series featuring the Jubilee. These products will be available for purchase as of July 22, 2009.

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© Royal Canadian Mint for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Canadian Coins, Coin or Numismatic News, New Coin Releases, Press Releases and Announcements, Royal Canadian Mint, World Coins.

Numismatic News: Silver Coin Picks, Scout Coin Designs, California Currency

CoinNews.net — Tue, 07 Jul 2009 15:56:30 +0000

July 7: Four numismatic news or coin blog articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s coin articles:

10 Picks for Those Who Like Large Silver Coins
Mark Benvenuto | Coins Magazine

Let’s be frank with one another - one of the plain, old-fashioned fun parts of coin collecting is getting your hands on really big coins. Yes, yes, there’s a certain joy when you acquire a beautiful Indian Head cent with traces of mint luster. There’s that pride of ownership when you add a gorgeous little item, like a pristine three-cent silver piece, to your growing collection. And who wouldn’t be overjoyed to put a certified specimen of a 1916-D Mercury dime in his or her collection, in any grade? But all those coins are missing one thing. They don’t have the heft of a big silver dollar…

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BEP to Participate in ANA’s World’s Fair of Money in Los Angeles

Bureau of Engraving and Printing — Tue, 07 Jul 2009 15:11:33 +0000

The Bureau of Engraving and Printing (Bureau/BEP) will exhibit at the American Numismatic Association’s (ANA) World’s Fair of Money, August 5 – 9, 2009 at the Los Angeles Convention Center (West Hall A), 1201 S. Figueroa Street – Los Angeles, CA.

The Bureau will proudly showcase its "Billion Dollar Exhibit" which features more than one billion dollars of rare and antique currency including sheets of $100,000 currency notes, Treasury Bonds, and Gold and Silver certificates. Also, the Bureau will have on display an exhibit featuring two currency face plates from the Federal Reserve Bank of San Francisco, a Series 1934-C 12-Subject $1,000 plate and a Series 1934-C 12-Subject $10,000 plate.

Additionally, the Bureau will have an antique (19th Century) Spider Press at this convention. A technical expert on currency production will conduct printing demonstrations on this Abraham Lincoln-era press and answer questions. There will also be live demonstrations by a member of the Bureau’s Office of Engraving and a member of the Mutilated Currency Division.

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© Bureau of Engraving and Printing for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Banknotes or Currency Articles, Bureau of Engraving and Printing (BEP), Press Releases and Announcements.

Gold, Platinum and Silver Fall with Oil as Dollar Gains

CoinNews.net — Mon, 06 Jul 2009 21:43:38 +0000

A stronger U.S. dollar and plunging oil prices pressured gold Monday to the lowest level in nearly two weeks. Silver dropped as well while platinum plummeted almost 4 percent. U.S. stocks ended mixed.

In New York trading futures for bullion:

Silver for September delivery fell 17 cents, or 1.3 percent, to 13.238 an ounce.
Gold for August delivery declined $6.70, or 0.7 percent, to $924.30 an ounce — the lowest level for a most active contract since Tuesday, June 23.
October platinum plunged $46.30, or 3.9 percent, to $1,147.00 an ounce.

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Transformers Collectible Silver Coins Launched

Darrin Lee Unser — Mon, 06 Jul 2009 19:54:39 +0000

Available now from the Perth Mint are two coins that are ready to slug it out against each other, like the figures they represent. The Transformers Silver Proof Collector Coins, one featuring the heroic Autobots leader Optimus Prime and the other depicting the evil Deceptacon leader Megatron, were minted with the approval of Hasbro and Dreamworks.

Sure to capture the interest of coin collectors, movie fans and more importantly the eye’s of the young who may step toward a new hobby in numismatics, each coin is struck in an ounce of silver and in collector proof condition.

The Transformers were based on action figures that could convert from everyday mechanical objects into robots. Hasbro initiated the line in 1984, and a cartoon series featuring the robots came soon after. The line has grown over the years to encompass new characters and several series of cartoons.

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© Darrin Lee Unser for Coin News, 2009. | Permalink | One comment | Want more on these topics? Browse the archive of posts filed under Australian Coinage and Numismatic News, Coin or Numismatic News, Featured Coin News Articles, New Coin Releases, Perth Mint, World Coins.

Bill Seeks to Reduce Taxes on Precious Metals Coins

CoinNews.net — Mon, 06 Jul 2009 18:48:26 +0000

Knocking on the legislative door for the eighth consecutive year is a new bill seeking to treat coins or bars composed of silver, gold, platinum and palladium in the "same manner as equities and mutual funds for purposes of the maximum capital gains rate for individuals."

Gains from the sale of collectibles held for more than one year are taxed at a rate of 28 percent. (Collectibles include coins, stamps, coins, antiques, art, and gems.) The level is significantly higher than the maximum 15 percent capital gains rate for other long-term investments, like stock and bond holdings.

The bill, named the Fair Treatment for Precious Metals Investors Act, S. 1367, was introduced by Sen. Michael Crapo [R-ID], who also

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Coin Chat Radio: Mint Tech Problems, Summer Numismatic Slump, Southeast Asia Currency

Darrin Lee Unser — Sun, 05 Jul 2009 18:05:48 +0000

US Mint technical difficulties, Summer Numismatic Slump, Southeast Asia Currency, New Zealand Mint releases highlight the July 2nd Episode of Coin Chat Radio.

Bob Van Ryzin’s "What’s In the News" segment relays technical difficulties the US Mint experienced on June 24th, possibly from adding the 2009 Lincoln cents in Mint subscriptions. Collectors can order the final two pennies right now. Like a magazine subscription, the coins are delivered when released.

Online Editor Lisa Bellavin sits down with Numismatics publisher Scott Tappa to discuss a few topics including the summer numismatic slump that the industry seems to experience every year. Tappa feels the coin market is soft overall, but is encouraged by several things. Notably, he has heard from several people about the great attendance at smaller shows around the midwest.

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© Darrin Lee Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Article, Book, Magazine, Video and Site Reviews, Banknotes or Currency Articles, Coin or Numismatic News.

Bullion & Business Weekend Report - July 4

CoinNews.net — Sat, 04 Jul 2009 17:17:04 +0000

Precious metals were pressured this week with the U.S. dollar pushing higher. London gold and silver fell after gaining last week. Platinum declined for week four. New York crude-oil and U.S. stocks tumbled Thursday in a holiday shortened week while European stocks were split Friday but closed down on the week as well.

In London weekly changes, gold slid 1.0 percent, silver plunged 5.8 percent, and platinum fell 1.5 percent. Precious metal figures follow:

Silver closed Friday to $13.44 an ounce, falling 82 cents this week.

Gold was fixed at $932.50 an ounce, declining $9.50 on the week.

Platinum fell to $1,185.00 an ounce, slipping $18.00 for the week.

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Letitia Tyler First Spouse Gold Coins Released

CoinNews.net — Fri, 03 Jul 2009 05:58:23 +0000

The US Mint on Thursday launched the 2009 Letitia Tyler First Spouse Gold Coins. The 24-karat, $10 denominated commemoratives are available in two options — proof for the price of $629 and uncirculated for $616. A bronze medal bearing a likeness of the gold coins is also available for $3.50.

The coins are the tenth in a series and the second issued in 2009 to honor American First Ladies.

Having suffered a stroke two years prior to her husband becoming President in 1841 (due to the death of President William Henry Harrison), Letitia Tyler assumed all but the ceremonial duties of First Lady — at least for a short several months. Letitia suffered another stroke in 1842, and passed away peacefully on September 10 at the age of 51.

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Gold, Oil, and Stocks Fall on US Jobs Data

CoinNews.net — Thu, 02 Jul 2009 22:13:36 +0000

Following news Thursday of a bigger-than-expected dip in U.S. jobs and an unemployment rate increase to 9.5 percent, gold fell toward $930 an ounce, oil plunged to a one-month low and U.S. stocks tumbled.

In New York trading futures for bullion:

Silver for September delivery declined 35.2 cents, or 2.6 percent, to 13.408 an ounce.
Gold for August delivery fell $10.30, or 1.1 percent, to $931.00 an ounce.
October platinum lost $11.80, or 1.0 percent, to $1,193.30 an ounce.

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Desirable, Appealing Ancients and World Coins & Paper Money in Official ANA Auction

Ponterio & Associates, Inc. — Thu, 02 Jul 2009 19:19:16 +0000

(Irvine, California) — A wide selection of rare ancient and world coins will be offered in Bowers and Merena’s Official Auction of the American Numismatic Association World’s Fair of Money® at the Los Angeles Convention Center and online, August 2-8, 2009. Ponterio & Associates, Inc., a division of Bowers and Merena, will present the world sessions on Saturday, August 8.

One of the many highlights among the over 1,300 lots of desirable and appealing world coins is a Japanese undated (1860-1862) Manen oban (10 Ryo, 112.26 gms) with security edge (Fr. 7; JNDA-09-11; C24a2) in Extremely Fine condition.

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© Ponterio & Associates, Inc. for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Banknotes or Currency Articles, Coin or Numismatic News, Press Releases and Announcements, World Coins.

US Mint Sales Figures: 2009 Proof Sets Surge, Pennies Rise

Mike Unser — Thu, 02 Jul 2009 14:42:55 +0000

Standing out in the latest batch of US Mint sales figures is an eyebrow raising increase for the 18-coin clad 2009 Proof Set.

After a double-take, the numbers were verified as true. Another 106,987 were purchased during the prior seven days ending on Sunday.

The new total stands at an impressive 684,412 sold in the first 28 days. The increase was the best ever, with the exception of launch week. Why the jump? Look to Mint marketing. Postcards advertising the sets hit collector mailboxes en masse last week, reminding the public to buy. They did.

Demand for the 2009 Lincoln Formative Years cents had softened of late. While nothing to scream home about, sales of the two-roll sets actually climbed a smidgen last week. 8,704 more were purchased, raising the new tally to 276,234. There was a gain of 7,912 during the prior week.

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UK 20p Undated Error Coins Commanding Huge Premiums

CoinNews.net — Thu, 02 Jul 2009 07:27:41 +0000

News of an error in UK’s Royal Mint 20 pence coin (20p) blasted through the media this week, creating an intensified fervor in collectors trying to find and buy the coins.

Prices for the coin, which have a face value of about 33 cents US, have shot up with auction bidding reaching as high as several hundred dollars. (See current eBay auctions.)

According to reports, the Mint issued tens of thousands "year-less" 20p coins toward the end of 2008.

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© CoinNews.net for Coin News, 2009. | Permalink | 4 comments | Want more on these topics? Browse the archive of posts filed under British Royal Mint, Coin or Numismatic News, Error Coins, Featured Coin News Articles, World Coins.

Coins Celebrate Sydney 2009 World Masters Games

Darrin Lee Unser — Thu, 02 Jul 2009 06:17:34 +0000

The Perth Mint has released the Sydney 2009 World Masters Games Coin in anticipation of a sporting event that has grown to involve more competitors than the Olympics.

The World Masters Games began in Toronto in 1985. They have occurred on approximately 4 year intervals ever since. The games have been held in Aalborg, Aarhus and Herning, Denmark (1989), Brisbane, Australia (1994), Portland, Oregon, United States (1998), Melbourne, Australia (2002) and Edmonton, Canada (2005).

Almost 25,000 competitors are estimated to have participated in the Melbourne 2002 World Masters Games, which is more than double the number of athletes that were in the Beijing 2008 Summer Olympics. This huge difference is mainly attributed to the World Masters acceptance of people with varying abilities and ages.

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© Darrin Lee Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Australian Coinage and Numismatic News, Coin or Numismatic News, New Coin Releases, Perth Mint, World Coins.

Gold Rises for First Day in Three as Dollar Declines, Silver Advances

CoinNews.net — Wed, 01 Jul 2009 22:06:17 +0000

Gold cruised forward Wednesday for its biggest gain of the week, and halted a two-day slide. A weakened U.S. dollar was a cited catalyst for the yellow metal’s climb. Silver and platinum advanced as well. In other markets, oil prices fell following data showing higher crude inventories. U.S. stocks rose modestly.

In New York trading futures for bullion:

Silver for July delivery gained 16.6 cents, or 1.2 percent, to 13.74 an ounce.
Gold for August delivery jumped $13.90, or 1.5 percent, to $941.30 an ounce.
October platinum rose $19.80, or 1.7 percent, to $1,205.10 an ounce.

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Gold, Silver Eagle Bullion Sales Surge in June

Mike Unser — Wed, 01 Jul 2009 18:26:13 +0000

Demand is lower for bullion coins? Poppycock. US Mint sales figures released Wednesday say otherwise.

Marking the third best month of a record setting pace year, demand in June for American Eagle Gold and Silver Bullion Coins jumped aggressively over May.

Silver eagle sales soared in June, rising 340,500 higher than May figures. 2,245,000 silver bullion eagles were sold. The total is now 13,824,500 for an annualized rate that is easily on track to smash last year’s 20,583,000 record.

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© Mike Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Coin or Numismatic News, Featured Coin News Articles, United States Mint News and Information.