Coin News: Gold Coin Craziness, Coin Collecting Hobby, 2009 Copper Cents

by on October 8, 2009 · 0 comments

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:

Of gold coin craziness and conspiracy
Tracy Alloway | Financial Times

In another instance of economics in reverse, the US Mint has suspended production of certain gold and silver coins … We note that in general, the craziness surrounding gold coins is just getting, well, crazier. To wit, the US Government bringing in the Secret Service to actively pursue 76-year-old gold coins …

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Coin Collecting Hobby Alive, Well in USA
Richard Giedroyc | Numismatic News

I found Tim Day’s Sept. 22 "Viewpoint" predicting doom and gloom for coin collecting to be of interest, perhaps about 10 to 15 years behind the times, but of interest. There were three particular points he made I’d like to address here, all of which I’ve heard before. His first statement of interest is, "When you try to sell your coins back to the dealer community, all of a sudden your treasures are now common junk." …

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What’s a 2009 copper cent worth?
Dave Harper | Buzz with Dave Harper, Numismatic News

There seems to be some speculative interest in the 2009 uncirculated coin set because this will be the only way collectors can obtain examples of the 2009-P&D cents in copper alloy. Will early orders run hot and heavy as a result? We have seen this kind of interest in the plain vanilla mint set before. In 1987, the annual set was the only way to get …

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Coin Clinic Questions Answered
Alan Herbert | Numismatic News

Was there any special reason why they stopped minting the $2.50 gold quarter eagle in 1930? … Old-timers in the hobby swear that there is an 1804 half dollar. As evidence they cite the Mint figure of 160,000 for that year, and the well-known 1805/4 overdate. Were the latter coins returned to the Mint and overstruck with a new date? … Is it true that many of the first Congressional Medals of Honor were recalled? … How did Washington’s Medal of Merit become the Purple Heart medal? … The reports that appear from time to time about some old coin being found with a new variety sound fishy to me. How is it possible for things like that to escape detection? … What would you call a counterfeit of a piece that itself is a fantasy piece?

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