February 2009

The American Numismatic Association will host a 2009-11 Board of Governors Candidates Forum on Saturday, March 14 at the Portland National Money Show.™ The forum will be held from 10 a.m. to noon in Room 119 of the Oregon Convention Center, and will be moderated by Beth Deisher, editor of Coin World. Each candidate will [...]

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Just two 2008-W American Eagle Gold Uncirculated Coin options remain from the United States Mint. The one ounce size sold out, and was pulled from the Mint storefront Wednesday. A backorder shipping date had been assigned to the coin since Tuesday. Based on recent trends, that assignment has been an indicator for a fast approaching [...]

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Gold prices rose Wednesday for the second straight day as oil continued to drop, albeit slightly, while major US indexes were flat. New York silver, gold and platinum futures gained 2.0 percent, 1.1 percent and 0.1 percent. March crude-oil fell 31 cents, or 0.9 percent, to close at $34.62 a barrel. The average price for [...]

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The U.S. government in January printed more notes with a higher total value compared to December, according to Bureau of Engraving and Printing (BEP) figures released Friday, February 13. The agency printed fewer $1s and $100s, and no $5s. However, the production of $50s more than doubled in January, making up for the difference. In [...]

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Gold prices hit a 7-month high Tuesday as oil tumbled along with U.S. stocks as economic concerns drove investors to safe-haven purchases. New York silver, gold and platinum futures gained 2.8 percent, 2.7 percent and 3.5 percent. March crude-oil plummeted $2.58, or 6.9 percent, to close at $34.93 a barrel. The average price for regular [...]

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William Henry Harrison Presidential $1 Coins were officially launched in a ceremonial release on Presidents Day (Monday) by the United States Mint. The event was held at Harrison’s old Virginia home at the Berkeley Plantation. In keeping with tradition, thousands of newly struck coins were given to children while adults exchanged for $1 rolls. The [...]

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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. Here are today’s articles: All about Abe By Ryan Richardson, Wicked Local Wareham Simm’s students poured over the little blue books in front of them [...]

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First PCGS Graded 2009 Ultra High Relief $20 Double EagleThe first new 2009 Ultra High Relief Double Eagle Gold Coin was certified by Professional Coin Grading Service (PCGS) on Friday, February 13.  It was graded Mint State 70.

 

"We were thrilled to examine the first submitted example of this eagerly anticipated modern masterpiece. 

It’s one of the finest designs ever created for United States coinage and a testament to the excellence of the United States Mint," said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT). 

 

The coin was submitted by collector Charles Camp of Savannah, Georgia who said he was thrilled with the certification: "I’ve always been a big admirer of PCGS, and I think it’s a great thing."

 

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The just released 2008 United States Mint Annual Report offers a candid assessment on the performance of the US Mint that highlights both the good and the bad, and mixes in challenges and strategies. At the end of the fiscal year, the agency generated sales of more than $2.8 billion and made history in creating 126 coin designs — both good. But the Mint also earned less than it did in 2007 — one of several disappointments for the year.

United States Mint Financial Highlights for FY2008

2008 proved to be robust for the Mint’s numismatic and bullion coin programs. Each realized an increased net income of 22.7 percent and 295.6 percent. Demand for bullion coins popped with total sales registering an impressive $948.8 million. Collector coins came in second, pulling in $527.6 million.

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Precious metals bounced higher on the week while oil moved markedly lower despite an exceptionally strong Friday. U.S. stocks closed lower and European stocks were split. For the week, the London gold fixing gained 2.5 percent, silver rose 3.7 percent and platinum jumped 6.7 percent. The Dow lost 5.2 percent, the S&P declined 4.8 percent [...]

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