Two weeks back CoinNews wrote an article on how the Presidential $1 Coin Act of 2005 stated that vending machines by 2008 must be able to dispense the new presidential dollars irrespective of the fact that many vending machines give back an amount that’s always less than $1.

Concerned about needless and extra costs, Coca Cola hired a lobbyist firm to help get the law amended so certain vending machines wouldn’t have to dispense dollar coins. Whether it was through their efforts or not, their desired changes appear to be coming.

H.R. 3703 had previously passed the House on 11/13 and yesterday, 12/17, the Senate passed it with Unanimous Consent. H.R. 3703 clarifies which machines need to dispense dollar coins.

Read the rest of this entry »

Platinum hit a record high as strong industrial demand and supply fears drove investors to buy.

Spot platinum made it to $1,519 an ounce, breaking the $1,500 barrier for the first time on Monday.

It then pulled back slightly for the night, yet was still sitting at $1507 an ounce at 2:20 p.m. (ET on Tuesday).

Read the rest of this entry »

CoinNews has implemented several site enhancements since Sunday, Dec. 16. To point those out as well as coming changes, here is a short listing of things you may want to know:

1. We recently announced the launch of the beta CoinNews mobility site. Since, we’ve stopped accepting new beta applications to help test it, but don’t worry - if you’re interested in coin news straight from your cell phone, you can begin using the released site January 3.

2. On the CoinNews homepage, we’ve added the following new section breakouts:

   Read the rest of this entry »