The Perth Mint of Australia on the first of October began offering a historic five-coin collection that contains pre-decimal copper coins struck at The Perth Mint between 1940 and 1964.
Unlike new, commemorative, silver or gold coin products that are common from government Mints, these coins have traveled through many hands and are in choice circulated condition with signs of wear. For these coins, it’s about their history. According to the Mint’s website,
The Perth Mint began striking pre-decimal coinage on an annual basis from 1940. Producing many millions of copper coins, the historic Mint struck pennies and halfpennies for King George VI and Queen Elizabeth II, as well as the unique King George VI 1946 Shilling.
The five-coin set contains examples of these historic denominations and are encapsulated within a ‘Coins of The Perth Mint’ presentation folder with information for each coin type.
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New York precious metals futures were again mixed on Tuesday, as investors monitored a falling stock market and watched world governments inject capital into banks. Gold dropped for the fourth straight day, but lost just 0.4 percent. Platinum and silver moved to the positive side, with 4.4 percent and 2.4 percent gains respectively.
November crude fell $2.56, or 3.2 percent, to settle at $78.63 per barrel.
December silver climbed 27 cents to close at $11.06 an ounce.
January platinum surged $46 to end at $1043.60 an ounce.
Gold for December dropped $3 to close at $839.50 an ounce.
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Four numismatic articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend collectors read them for their unusual or interesting content. Have you written or know of an article that should be highlighted on CoinNews? Please let us know! Here are today’s articles:
Hawaii coin ends popular state quarter program
By The Associated Press
With a big aloha to Hawaii, a new generation of coin collectors will soon shut their books on the U.S. Mint’s popular 10-year state quarter program full of fond family memories and a fun dose of history. While not terribly rare, considering about 34 billion were produced, the commemorative quarters have captured the frenzied fancy of kids and their parents as they’ve drawn extended family, tip-collecting waitresses and friendly bank tellers into the hunt.
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New coin collecting guide
By Joseph Bakes, The Star-Ledger
As the “father of the state quarters program,” David L. Ganz already has made his mark on American coin collecting. Now he has contributed a book that should be in the library of every numismatist and would make a perfect holiday gift for a beginning collector. “Guide to Coin Collecting” (HarperCollins, $19.95, paper) begins with a history of coinage — the first coins were used in the kingdom of Lydia (now Turkey) 2,800 years ago — and continues with a history of U.S. coins…
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Dallas-based coin, collectible and fine art auctioneer addresses the safety of its business, of the collectibles market and the fluctuations of a wild economy
DALLAS, TEXAS: In a letter sent via email to clients on Friday, Oct. 10, Heritage Auction Galleries reassured its consignors and buyers about the safety of the company’s business, the liquidity of its assets and the steady hand of its forward-thinking model.
As the world markets have reeled, the principals of the company have been contacted by members of the press, the public and clients alike for a statement on how the financial sector problems are affecting the collectibles market. The full text of the letter follows:
We’ve been fielding a high volume of calls lately from potential consignors and buyers wondering how a tumultuous world economy is affecting the auction business in general, our business in particular, and their investments specifically. So we felt it appropriate to take a few moments to explain to you, our valued clients, exactly how we at Heritage are experiencing the current economic climate.
People are panicked in many corners — and rightly so — but not here at Heritage. We have weathered economic upheavals before, and for years we have planned for days like these. We’re now diversified across 26 categories. We’ve learned to see that uncertain economic times mean increased auction activity across the broad spectrum of our collectibles divisions by both buyers and sellers.
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With World Gold and Silver Coins, Shipwreck Silver and Gold Ingots, Shipwreck Artifacts and even Miscellaneous Coins and Antiques from Colonial Days or Later.
Winter Park, FL — Daniel Frank Sedwick, LLC announces the release of their new mail-bid Treasure Auction #4 by catalog and internet. The auction closes November 6.
Highlights of this sale include:
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A California Gold Rush-era gold ingot from the S.S. Central America (1857) estimated at $125,000+ and also a gold bar marked with the "En Rada" stamp (Peña-Randa) from the Atocha (1622) estimated at $40,000+;
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The "Golden Fleece wreck" (ca. 1550) Special Research Collection of Mexican Charles-Joanna rarities (including the famous 3 reales of 1536 estimated at $10,000+ and many of the finest specimens of the first issues struck in the New World), as well as gold "finger" bars and silver "splash" ingots from the same wreck;
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A 1626 specimen of a Spanish 50 reales "cincuentín" (at 170 grams, the largest Spanish coin ever minted, most examples of which are only seen in museums) estimated at $15,000+;
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