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Articles on September 18th, 2008

DGS Authenticates & Grades Rare Lafayette Dollar Variety

Duvall 4-E Variety is Just the Second Reported Specimen

Virginia Beach, VA. The graders at Dominion Grading Service are excited to announce that they have certified the second known example of this very rare variety. The Duvall 4-E variety was thought to be unique until the discovery of this coin, which has been graded AU58 Cleaned by DGS.

1900 $1 Lafayette Duvall 4-E Variety

According to John Feigenbaum, President of DGS, the coin has "the initial appearance of a mint state coin but the luster is almost too nice and lacks the frosty surfaces of a true mint state. The coin has virtually no wear and has been very lightly cleaned to show evidence of wipe lines upon close examination in proper lighting. The only significant mark on either side of the coin is a 3 mm scratch on Washington’s cheek. Without the mishandling, this coin might have otherwise graded MS63."

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Gold Jumps Higher as World Governments Attempt Financial Fix

New York precious metals pushed ahead Thursday with a second day of sharp gains. Futures in silver, gold and platinum were up 9 percent, 4.7 percent, and 5.5 percent, respectively. Continual concern over the global financial sector and its uncertainly lured investors toward traditional safe-haven gold, but the ride was a roller-coaster with sharp ups and downs.

Bullion update ...October crude-oil improved 72 cents to end the day at $97.88 per barrel.

December silver marked another banner day with a jump of $1.02 to close to $12.70 an ounce.

October platinum gained $51.30 to close to $1,137.60 an ounce.

December gold gained $46.50 to close to $897 an ounce. Earlier in the day, the contract had reached a high of $926.

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Daily Numismatic Headlines for September 18, 2008

The following numismatic articles are not written for CoinNews, but we recommend collectors read them for their unusual or interesting content:

Ancient Asian coin found in upstate NY
By Associated Press

An ancient coin from Asia has been discovered in an archaeological dig behind a 19th-century tavern in upstate New York.

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Who has lost my treasure?
By Dee Adcock, Daily Echo

METAL detectorist John House claims ancient coins found near Dorchester have been lost after being handed to the authorities for a treasure hearing. He says he is still waiting to find out about silver coins dating back to the Celts that he dug up at Muckleford in 1994.

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New Sale Dates for Cleveland and Philadelphia $2 Notes

2008 Cleveland and Philadelphia $2 Collector NotesThe Bureau of Engraving and Printing (BEP) has announced new sale dates of October 1 for the 2008 Cleveland $2 Single Notes and October 20 for the 2008 Philadelphia $2 Single Notes. Both collector notes will be available on their respective days at 7:20 A.M. EDT. Each has a price tag of $7.95.

In May, the BEP delayed Cleveland note sales "due to system maintenance." That was followed in June by a similar announcement delaying Philadelphia notes. The two were actually skipped over with the release of the Richmond $2 singles in late July.

The $2 collector series are extremely popular. Each previous offering from designated Reserve Banks Atlanta, New York, San Francisco, Chicago, Dallas, and Richmond sold out within a few short hours.

The single notes feature:

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Royal Mint £5 Coins Celebrate Prince Charles’ 60th Birthday

The British Royal Mint has announced the latest series of commemorative coins celebrating Prince Charles’ 60th birthday. The design is rather unusual in that both sides of the coin bear a prominent head portrait — Prince Charles and his mother, Queen Elizabeth II, making it a “two-headed” coin.

Royal Mint £5 Coins in Silver, Gold and Nickel Celebrate Prince Charles' 60th Birthday

In early 2008, the Royal Mint released a nickel version for £9.95 as well as a silver version within sets. Today, single coins in proof silver and proof gold are available for the price of £39.95 and £875.00, respectively. (See International Currency Converter.)

According to the Mint, the cupro-nickel coins have a limited mintage of 500,000, while the silver coins are limited to 20,000, and the gold coins to an extremely low issue of 1,500.

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