U.S. Coin Collecting

April 20, 2011: 2011 Proof Gold Eagles, Uncertified Coins, Gold Price Above $1500

Welcome to Coin Update!

We're back to bring you another round up of coin collecting news and articles from around the internet! First, the United States Mint will soon begin sales of the 2011 AmericanGold Eagle proof coins, in four individual options and a multi-coin set. Also, the latest US Mint sales report, questionably graded uncertified coins, bullion coinprograms, fresh coins, Edmund Moy's new job, Bank of Japan, gold above $1500 per ounce, silver coin values, swapping silver for gold, and notable auctions. On to the links…

Tomorrow, the US Mint will begin sales of the 2011 ProofGold Eagles. The offering doesn't seem to be generating the same amount of anticipation as last year's release.

High precious metals prices have resulted in numerous suspensions, price increases, and sell outs for US Mint numismatic products, as discussed in the latest weekly sales report.

On CoinWeek, Greg Reynolds discusses the topic of questionably graded uncertified coins. He focuses on such coins advertised in a widely read print coin publication.

Earlier this month, there was House subcommittee examining the bullion coin programs of the United States Mint, although no Mint representatives were present to testify. The subcommittee chairman Rep. Ron Paul says the Mint will get its turn to testify.

What is a "fresh coin"? Doug Winter explores various scenarios and gives his opinions on the subject.

This article about the "Hackney Hoard" of 80 gold double eagles found in a garden includes a cool picture of the find in an old jar.

What is former US Mint Director Edmund Moy up to nowadays? Here's a press release (with link to a video) discussing some of his recent activities as Vice President of L&L Energy.

The Bank of Japan has exchanged 1.05 billion yen in bills and coins damaged in the earthquake and tsunami. Exchanges are expected to increase further.

The New York Times reports on the gold price breaking the $1,500 mark, with a long list of factors supporting the rise in precious metals prices.

With the rise in the price of silver from $5 to more than $40 per ounce, the values of some silvercoins might surprise. A silver war nickel is now worth more than $2 and 40% silver half dollarsare worth more than $6.

Following silver's recent out performance of gold, is it time to swap physical silver for gold? Patrick Heller provides his answer to the question.

And now for some notable auctions. First, a very interesting auction for a "possibly unique" Seated Liberty Dollar in a GSA softpack. In 1976, Numismatic News called it a "packaging error" since the GSA sale only advertised Morgan and Peace Dollars.

Next, the popular key date 1909-S VDB Lincoln Cent graded PCGS MS65RD with CAC verification in a PCGS secure shield holder.

Last, a group of 1000 Barber Silver Quarters.

That's it for this update. Have a great evening!

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