October 2009

The Complete Guide to Certified Barber Coinage is added to the Stella Coin News Site. Access is free at www.stellacoinnews.com! Virginia Beach, VA — Stella Coin News (SCN) is very pleased to announce their latest online reference book, The Complete Guide to Certified Barber Coinage, written in 1999 by John and David Feigenbaum. A fine [...]

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2010 Red Book: The Guide Book of United States Coins - Professional EditionThose interested in coin collecting will soon have another valuable tool available in their arsenal for building a great collection. Shipping on October 13th from Whitman Publishing is The Guide Book of United States Coins – Professional Edition.

Many will immediately say to themselves, but I already have the guide, commonly known as the Red Book. Almost everyone in the industry, from young coin collectors to seasoned dealers, has been using the Red Book for years (it is currently in its 63rd edition).

It has become a necessary reference that is used to not only identify a coin with its thousands of colored pictures, but to also give an idea as to what the value might be based on its condition and rarity.

The Professional Edition of the Red Book, however, takes this resource one step further. Perhaps not as handy to carry around a coin show as the standard version, the new book is geared more towards the intermediate and advanced collector.

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(Fallbrook, California) – Chinese-made counterfeit coins pose a significant financial threat to unsuspecting consumers, according to leaders of five of the country’s most influential rare coin organizations. They warn the public is spending millions of dollars on fake U.S. coins offered in online auctions and elsewhere, such as flea markets and swap meets. This counterfeit [...]

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Dollar: The Reports of My Demise… Good Day, Although some gains were seen in the dollar versus the euro and the pound earlier this morning, a hefty $1.78 addition to crude oil values helped keep gold’s flywheel-like momentum going for yet another day. The yellow metal traded in a $10 band of from $1048 to [...]

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US Mint Lincoln Coin and ChroniclesAll indicators are that Thursday, October 15th, should be a very, very busy day on the US Mint’s website as well as their telephone order line. At noon (Eastern Time) on that day, the Mint will be releasing the 2009 Lincoln Coin and Chronicles Set for sale to the public.

A few enterprising individuals are already offering the sets for pre-sale on eBay at huge premiums. A quick glance as of this writing shows several auctions in the $170 range, which is an increase of well over $100 from the $55.95 price tag the Mint will be getting.

Even more amazing is the fact that some auctions are over $300 with one listing asking $1000. (See Lincoln Coin & Chronicles Sets on eBay.)

As of yet, closed auctions for the Chronicles Set have stayed between $140-$169, but — and this is pure guesswork at this point — this could change as Thursday comes and goes and collectors are unable to place an order through the Mint.

Only 50,000 of these highly sought after collections will be available and a one-day sellout is not out of the question according to multiple coin enthusiasts. In fact, the Mint has already stated a one-per-household maximum order limit will be enforced.

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No proof one ounce gold or silver American Eagle coins will be struck this year by the US Mint, Bob Van Ryzin relays during his "What’s In the News" segment on this week’s Coin Chat Radio. He also informs us of several other American Eagle products that will not be available. But the Mint is [...]

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Gold, silver and platinum prices soared on the week as the US dollar showed weakness. The metals on Friday, however, fell slightly in New York after the dollar was boosted following Federal Reserve Chairman Ben Bernanke’s comments that the monetary policy would tighten eventually. In other markets, New York oil futures closed higher and surged [...]

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Jawboning (and More) by Proxy Good Day, Gold prices dipped to under the $1050 level overnight, and for the better part of Friday’s NY session, as interest rate hike-oriented comments by Fed Chairman Bernanke lifted the US dollar and dampened enthusiasm in crude oil and other commodities as well (such as copper). On Wednesday, we [...]

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UHR $20 Double Eagle Gold Coin2009 $20 Ultra High Relief Gold Double Eagle sales exploded with a sizzling 28,183 purchased by the end of its Jan. 22 launch day. Action continued to be strong despite the initial $1,189.00 price, which is now considered a dreamy bargain for buyers in today’s market. By the following Tuesday, Jan. 27, the number jumped to 41,664. How have they done since? A week-by-week analysis paints the picture.

After Jan., orders settled. As spring started, summer began and then July ended, there were only four times when UHR orders rose above 1,000 a week. In fact, average weekly sales were hitting 875 — a far cry from the early days.

A higher price for the coin — up $100 by now — and the US Mint’s mandated one order limit per household was stifling sales. The former was a result of surging gold prices. The latter was proven true on July 27 when the Mint increased household limits from one to ten. Following the change, sales shot up another 3,800 in less than a week. The numbers later moved with several peaks and valleys, but weekly gains easily topped 2,000 until the final days in Sept., or for nearly two months. (In between, the Mint increased order limits to 25 on Aug. 31 and lifted them entirely on Sept. 21.)

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The Austrian Mint in Vienna is issuing the second coin in its €10 silver commemorative series "Tales and Legends in Austria". The theme of the new coin is the captivity of the English king, Richard I, on his homeward journey from the Third Crusade in 1192 and the legend of his loyal friend and troubadour [...]

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