February 2009

Gold Back Below $900

by CoinNews.net on February 3, 2009 · 0 comments

Gold fell for the second straight day on Tuesday and moved below $900 an ounce, furthering its distance from the six-month high set on Friday. The yellow metal ended down despite weakness in the U.S. dollar and a day of rising oil prices. New York silver, gold and platinum futures lost 0.9 percent, 1.6 percent [...]

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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: Discovery of HMS Victory stirs controversy Doug Stanglin on USA Today The reported discovery of the HMS Victory in the English [...]

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IRVINE, Calif. – Bowers and Merena Auctions, America’s leading rare coin and currency auction house, launched 2009 with two outstanding auctions. The Orlando Rarities Sale held on January 4 prior to the Orlando FUN Convention realized $4,745,806, followed by the Ponterio & Associates, Inc., N.Y.I.N.C. ’09 Auction on January 9 and 10 which realized $1,648,460. 

1921 Saint-Gaudens Double Eagle

The Orlando spotlight was on Lot 225, a fully complete, exceptionally high-grade set of Business Strike Three-Cent Nickels, PCGS-certified and bearing the CAC designation, which realized $304,750.  Comprised exclusively of top-of-the-pop coins, many of which are pop 1/0, this complete set is ranked at the top of the Current-Finest PCGS Registry in the category of Three-Cent Nickels, Circulation Strikes (1865-1889) – a top-ranked Registry Set acquired with a single purchase.

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Gold dropped Monday from its six-month recorded high set on Friday as oil fell and the U.S. dollar showed strength. Silver and platinum declined as well. In an end to the day, New York silver, gold and platinum futures lost 1.2 percent, 2.2 percent and 1.2 percent, respectively. March crude-oil tumbled $1.60, or 3.8 percent, [...]

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Admiral Sir John Balchin’s British warship HMS Victory has been discovered in the English Channel where it fell victim to a 1744 storm, Florida-based deep-ocean shipwreck firm Odyssey Marine Exploration said Monday. Among other artifacts, accounts say the ship may have carried 100,000 gold coins weighing up to four tons. Odyssey has not specified a [...]

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2009 Abraham Lincoln Commemorative Silver DollarThe United States Mint published 2009 Lincoln Silver Dollar prices on Friday and said it would offer introductory discounts for several weeks following the commemorative silver dollar launch.

The silver coins celebrate the 200th birthday of Abraham Lincoln’s birth with up to 500,000 proof and uncirculated silver dollars issued for collectors beginning on Lincoln’s birthday, February 12.

Additionally, the US Mint will offer a special set that includes the proof silver version and proofs of the four newly designed 2009 Lincoln cents.

Lincoln Silver Dollar designs were revealed by the Mint during the annual Dedication Day Ceremony at Soldiers’ National Cemetery in Gettysburg on November 19, which was the 145th anniversary of the day that Abraham Lincoln delivered his famous Gettysburg Address. The reverse or tails side of the silver coins feature the last 43 words of the Gettysburg Address, encircled in a laurel wreath.

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The Smoky Mountains Collection brings DGS-graded coins to the forefront Virginia Beach, VA – DLRC Auctions (www.davidlawrence.com) has reported that their Internet Auction #328 which closed last night has realized an eye-popping $230,000! The sale featured (among other great coins) the Smoky Mountains Collection, with 360+ DGS-graded coins. DLRC Auctions sold approximately 367 DGS coins [...]

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