7/1 Numismatic Collecting News

US Mint Sales: Smallest 2010 Fractional Gold Eagles Favored July 1, 2010 at 12:21 PM Of all the 2010 Fractional American Gold Eagle bullion coins, the smallest and most affordable 1/10 ounce size is the most popular. The new fractional Gold Eagles were released on June 10, 2010 and enjoyed robust five-day debuting sales of 310,000. Last week's U.S. Mint sales report showed they improved to 340,000. Not much has changed since as only 15,000 more were purchased, bringing their tally to 355,000. In fact, the 1/4 ounce and 1/2 ounce sizes have remained frozen since last Thursday -- the 15K came from the 1/10 ounce eagles, which now account for 78.9% of all fractional sales. Their 280,000 total surpassed the 260,000 sold in 2008 and in 2009. (...) Read the rest of US Mint Sales: Smallest 2010 Fractional Gold Eagles Favored (1,217 words)   Treasure hunter Fisher's heirs sell 1715 Treasure Fleet salvage rights July 1, 2010 at 12:16 PM Treasure hunter Mel Fisher's heirs have sold the salvage rights to the 1715 Treasure Fleet to Queen Jewels LLC, a Sebastian-based company led by former Cincinnati developer William Brisben. The fleet of Spanish galleons was loaded in Cuba with gold bars, coins, diamonds, emeralds and pearls before all of the ships sank in a hurricane on July 31, 1715 ... Full Article: Treasure hunter Fisher's heirs sell salvage rights - Bizjournals.com Related posts: Treasure hunter lords over ring – Northern Scot Wrexham treasure hunter in new coins discovery   Is It Ever Right to Buy the Wrong Coin? July 1, 2010 at 12:15 PM In the first installment of Smart Collecting 101 I discussed the "coin churn" and how to avoid it. One reader made a great suggestion for the second topic and I'm going to discuss it at length here. The topic involves buying the "wrong" coin and if there is ever a right time to buy a coin that you clearly know is not optimal for your collection. The brief answer is yes. It depends on ... Full Article: Smart Collecting 101: Is It Ever Right to Buy the Wrong Coin? - RareGoldCoins.com Related posts: Avoiding the Churn in Coin Collecting 1938 Commem Wrong Coin at Wrong Time – NumisMaster   America the Beautiful silver coins: Big job ahead for new coin press July 1, 2010 at 12:13 PM The $2.2 million big blue Graebener coining press is just about ready for its big job ahead – striking 5-ounce, 3-inch diameter .999 fine silver America the Beautiful bullion coins. "We're almost there," said Sam MacEwan, who heads a crew of three working on the new press at the U.S. Mint in Philadelphia. The new coin was scheduled for striking in the ... Full Article: Big job ahead for new coin press - Numismatic News Related posts: America the Beautiful Silver Coins Program Information Mint Stats: Ounce Gold and Silver Coins Move Ahead – NumisMaster   1922 Silver Dollars — Into the Downtime July 1, 2010 at 12:12 PM Downtime is just a dream for me right now; the cataloging staff spent the weekend working on the upcoming Boston ANA Auction, and it looks like two more working weekends are on the way. As appealing as the thought of downtime might be, though, there's always the potential for too much of a good thing. In 1922, the U.S. Mint saw plenty of downtime, and as a result, only a few types of coins were struck that year. In the wake of World War I, the United States went through a recession that lasted about half a year. The start of 1920 saw another economic downturn... Only one denomination was struck at all three of the active mints: the silver dollar. The 1922 silver dollars bore the then-novel Peace design... Full Article: Coin Monday: 1922 -- Into the Downtime - Heritage Blog Related posts: World Cup Commemoration in Silver Dollars All 1922-D No D cents are not equal