March 2009

US inflation increased by the fastest one-month pace since July 2008, rising 0.2 percent in February from a year ago, the Labor Department reported Wednesday. Consumer prices rose 0.4 percent last month as energy prices pushed the cost of living higher for the second straight month. A surge in gasoline prices at the pump accounted [...]

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ANA member Henry Scott Goodman received the Best-in-Show Exhibit Award for his exhibit, "Ludwig Gies: Cast Art Medals from the Great War," at the American Numismatic Association’s 2009 National Money Show™, held March 13-15 at the Oregon Convention Center in Portland. The first runner-up award was presented to James Reinders for "Encased 3 Cent Postage [...]

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Vote to Determine Canadian 2010 Olympic 25-Cent Coin Designs

Top 10 Canadian Olympic Winter Moments ContestOTTAWA, ONTARIO – Canadians from coast to coast to coast can recall that one special moment during an Olympic Winter Games that captured their imagination and was a source of national pride. Which one stands above the rest in your mind?

The Royal Canadian Mint and Canada’s Olympic Broadcast Media Consortium are inviting Canadians to vote on the Top 10 Canadian Olympic Winter Moments of all time.

The Top 3 moments will be featured on 25-cent coins, each with a mintage of 22 million, and will enter into circulation in the fall of 2009, leading up to the Vancouver 2010 Winter Games. The results of the Top 10 Canadian Olympic Winter Moments will be revealed in a one-hour prime-time broadcast special, in English and French, in September 2009 on CTV, TSN and RDS.

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Gold and silver dropped Tuesday for the second consecutive day while platinum rose, oil jumped above $49 a barrel to a three-month high, and U.S. stocks rallied. Looking at the daily numbers, New York silver and gold futures fell 1.7 percent and 0.6 percent, respectively. Platinum improved slightly by 0.2 percent. The Dow gained over [...]

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The Professional Coin Grading Service (PCGS) will offer on-site authentication and grading services at the upcoming Whitman Baltimore Coin and Currency Convention, March 26 – 28, 2009. The three-day show will be held in Hall A of the Baltimore Convention Center, One West Pratt St., in Baltimore, Maryland. Collectors and dealers can meet PCGS President [...]

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The United States Mint at Philadelphia has earned OSHA’s Voluntary Protection Program (VPP) “Star” safety designation, indicating it is one of the safest worksites in the nation.   "I am proud of the United States Mint at Philadelphia for its continuing commitment to workplace safety, which has earned the facility recertification as one of the [...]

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Four numismatic news or coin blog articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s articles: Local coin dealers report rise in demand for gold By Jaquetta White, The Times-Picayune Days after [...]

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Gold fell Monday for the first time in four days as silver, platinum and U.S. stocks also finished lower. Crude-oil gained. For the numbers, New York silver, gold and platinum futures lost 2.5 percent, 0.9 percent and 1.3 percent, respectively. The Dow dropped 0.1 percent, the S&P fell 0.4 percent and Nasdaq lost 1.9 percent. [...]

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The US Mint’s recent actions to temporarily suspend production of collectible 2009 gold and silver American Eagle coins in order to produce their bullion counterparts is, to say the least, annoying to many coin collectors. Worst of all, it could be many months before the collector coins are offered since bullion coin sales are off to their quickest pace in 10 years.

Chart: Gold American Eagle Bullion Coin Sales in Ounces (2000-2009)

The collector community may be able to empathize somewhat by stepping back from emotion over the Mint directives and instead focus on the reality — and the biggest angst that has driven many recent Mint decisions, the "unprecedented demand" for gold coins.

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2009 American Eagle Gold Bullion CoinProof and uncirculated 2009 American Eagle Gold Coins are temporarily suspended, the United States Mint is now announcing in the latest statement from its online store.

The coins are struck for collectors and include the "W" mintmark, unlike the 2009 bullion versions intended for investors — although many coin collectors purchase them — and already available through the Mint’s authorized purchasers, coin dealers and precious metals sellers.

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