The US Mint officially launched the second redesigned 2009 Lincoln penny in a Charles Vickers design that is now often called the Lincoln Rail Splitter, or the Formative Years cent.
The release ceremony took place in front of an excited crowd in the Lincoln State Park at the Lincoln Amphitheatre in Lincoln City.
"This second design reflects the formative years of Abraham Lincoln’s life in Indiana, when he developed the qualities that served as the foundation for his extraordinary life," United States Mint Director Ed Moy said.
Children were the lucky ones at the ceremony. Each received a free, new penny. Everyone else in attendance were able to exchange their currency for a minimum of two rolls and up to six rolls of coins bearing the new design.
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Coin collectors have shifted into a lower buying gear during the last several days. While US Mint sales of UHR $20 gold pieces inched, or more aptly millimetered higher, demand fell for Braille Bicentennial Dollars and Puerto Rico quarters.
Ultra High Relief (UHR) $20 gold coins had just come in 27 short of 61,000 in the previous report. That number has been breached, plus 757 more. Sales increased 1.3 percent compared to the prior 1.0 percent rise. As a side note, the Mint increased the UHR price Wednesday by $50 and that is likely to play into next week’s sales figures to some degree.
For the second straight time, Braille Bicentennial Dollar sales have declined. However, the newest batch of numbers is down substantially while those from last week remained impressive for a collection of coins that have been on sale since March 26. The tables below shows the tale, but suffice it to say, total new sales were down by more than 75 percent to just 4,617 compared the prior 20,306.
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Bowers and Merena Auctions, America’s leading rare coin and currency auction house, will bring nearly 2,500 lots of fine coins and currency to Baltimore, Md., for the Official Auction of the Baltimore Coin and Currency Convention scheduled for June 10-13, 2009.
The auction will take place at the Baltimore Convention Center and begins with lot viewing Wednesday, June 10, through Friday, June 12, followed by the three-session auction on Thursday, June 11, at 6 p.m. EDT, and Friday, June 12, at 2 p.m. and again at 6 p.m. EDT.
The standout highlight of the auction is lot 757, an 1876-CC Twenty-Cent Piece in PCGS AU-58 with a fascinating history. Believed to be one of perhaps just 12 to 20 examples known, this specimen was acquired in Virginia City, Nev., by Gold Rush "Forty-Niner" John Seagraves Pick and has been kept in the Pick/Jurgensen family for the last 133 years.
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Gold briefly reached a six-week high as it touched over $928 an ounce on Wednesday before falling to a respectable five-week high above $925. The yellow metal was spurred higher with the help of a falling U.S. dollar that hit a four-month low. In other commodities, silver, platinum and crude-oil struggled. U.S. stocks tumbled after [...]
The ACCG has launched phase two of a coordinated plan to challenge import restrictions on ancient coins. As a British Airways jetliner touched down in Baltimore on April 15th , many U.S. citizens were busy writing last minute checks to the IRS. In the face of mounting global crises, they could hardly have anticipated that [...]
IRVINE, Calif. – Spectrum Numismatics International, Inc., one of the world’s largest rare coin and currency dealers, announced today that it has promoted Andrew Glassman to President. "Andrew Glassman has been with Spectrum for over 18 years, during which time Spectrum has grown to an internationally recognized pre-eminent rare coin and currency dealer. Andrew has [...]
Gold pushed higher Tuesday as the U.S. dollar declined against other world currencies. Silver and platinum also gained. In other markets, crude-oil briefly touched $60 a barrel and U.S. stocks ended mixed. In New York trading futures for bullion: Silver for July delivery surged 30.5 cents, or 2.2 percent, to $14.215 an ounce. Gold for [...]
(Fallbrook, California) – A 14-year old Northern Ohio student who enjoys collecting Morgan silver dollars struck at the Carson City Mint and also Peace dollars has been selected as the winner of the 2009 Professional Numismatists Guild Young Numismatist Scholarship. Grant Buehrer of Maumee, Ohio will receive airfare, meals, six nights of accommodations and tuition [...]
The US Mint will increase prices of Ultra High Relief $20 Gold and First Spouse Gold Coins by Thursday morning, as a result of a higher weekly average of London spot gold prices. UHR and First Spouse Coin prices will climb by $50 and $25, respectively. The Mint pricing methodology is to average recent gold [...]
May 12: 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 coin articles: Mint To Press Fewer Coins As Economy Slows Jeff Brady | NPR The [...]
