U.S. Coin Collecting: 7/7 Numismatic News

Bowers and Merena Boston Auction to Include Rare 1794 Dollar
July 7, 2010 at 10:27 PM

Steve Deeds Retires as President; Assumes New Role

Irvine, CA – Bowers and Merena Auctions, a leading rare coin and currency auction house, will present one of the most important U.S. coin rarity auctions in recent years.

Bowers and Merena's Boston Rarities Auction, to be held prior to the ANA's World Fair of Money on Saturday, August 7, will include a 1794 Dollar graded MS-64 (NGC) valued at over one million dollars, and two mid-six-figure coins: an 1870-S Silver Dollar and an 1854-O $20 Gold piece, both key date rarities. In all, over 1,500 coins will be auctioned in the sale.

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© Bowers and Merena for Coin News, 2010. | 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.

Coin News: Mint Engravers, PCGS CoinFacts, $100,000 Penny Find
July 7, 2010 at 10:17 PM

Several numismatic news or coin blog articles are occasionally referenced on CoinNews. 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:

Mint Engravers Embrace 21st Century Technology
Staff | Numismatic News

It's the stuff movies are made of. Really. The same technology that brought "Shrek" to life gives design detail to U.S. coins. Forget paper and pencil, plaster and clay. Today's artist/sculptor/engraver at the United States Mint in Philadelphia works with sophisticated (and expensive) computer software to create coins and medals. Chief Engraver John Mercanti has seen and done it all. From the …

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Gold Rebounds Modestly, Silver Gains 0.8%
July 7, 2010 at 2:55 PM

Bullion update ... U.S. gold prices pulled back from their six-week low on Wednesday, advancing $3.80 as some bargain-hunters stepped forth to add their support.

Other precious metals continued their climb which started on Tuesday. Silver rose 0.8 percent, platinum added 0.5 percent, and palladium gained 0.4 percent.

In other markets, crude oil rose for the first time in seven sessions while U.S. stocks rallied with major indexes jumping between 2.8 percent and 3.1 percent.

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US Government Prints 547.8 Million Banknotes in June 2010
July 7, 2010 at 11:54 AM

BEP Production Figures The U.S. government printed fewer bills in June than in May, making the month the third busiest in 2010, according to figures from the agency responsible for manufacturing U.S. currency. The value of the banknotes produced in June reached the second highest monthly level this year, right behind May.

The Bureau of Engraving and Printing (BEP) on Thursday released the latest production numbers for June which show it made $1s, $5s, $20s and $100s — the same denominations that were printed between February and May. $10s and $50s continue in a holding pattern, having not been printed since June 2009.

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PCGS European Coin Grading Center Praised
July 7, 2010 at 8:39 AM

Dealers Praise Easy Access to Coin Grading At PCGS' Paris Office Grand Opening

(Paris, France) — Professional Coin Grading Service successfully opened its European grading center at its Paris, France office on June 7, 2010. Coin dealers from all over Europe visited PCGS in Paris to submit coins for onsite authentication and grading.

This 2010 silver £2 Britannia, graded PCGS Proof 70 Deep Cameo, was one of the first coins certified for The London Coin Company during the first week of operations at the new PCGS European grading center in Paris, France in June 2010. – CLICK TO ENLARGE

By the end of the week, PCGS' numismatic experts had evaluated thousands of rare and modern commemorative coins from French, German, Italian, Greek and British dealers and collectors.

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Gold, Silver, Metal Prices Commentary – July 7, 2010
July 7, 2010 at 7:27 AM

Bullion update ... B. I. S. – Bullion Is Simoleons

Good Morning,

Just one day after letting it be known that it has no intentions of disgorging its dollar or euro foreign exchange reserve holdings, the Chinese State Administration for Foreign Exchange said that gold cannot be considered as a mainstream investment vehicle for its reserves.

The reasons? The same ones we have often attempted to cite in these very columns: a small market, limited availability of large amounts, liquidity problems related to sizeable amounts.

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© Jon Nadler, Kitco Metals Inc. for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.