Several numismatic news or coin blog articles are referenced on CoinNews about once a week. 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: Government Sues Itself in 1933 $20 Dispute David L. Ganz | Numismatic News Just when [...]
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Spectacular examples abound as Orlando, FL plays host to the Heritage Auctions’ biggest Rare U.S. Coin Auction of the year, Jan. 6-10 DALLAS, TX — None other than the most famous American coin in existence, the "Olsen" Specimen of the 1913 Liberty nickel, is the anchor lot in Heritage Auctions Jan. 6-10, 2010 Florida United [...]
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Demand for almost every numismatic product fell according to the latest US Mint weekly sales report. In fact, just analyzing the raw numbers show a drop of over 70,000 total items from the prior week. Nearly every gold coin and all US mint proof and uncirculated sets retreated.
This is not completely surprising, however, as the previous week saw well above average demand for most coins. Also, demand for gold products has declined as the price of the precious metal has fallen. It is down nearly $70 from its peak of just a few weeks ago, and the Mint’s prices were only adjusted this Wednesday for the decline. Accordingly, overall sales of the Mint’s gold containing products (First Spouse Gold Coins, the American Buffalo Gold Coin, and Ultra High Relief $20 Double Eagle) should rise again in the near term.
A few highlights of the weekly sales report:
The 2009 American Platinum Eagle Proof Coins sold out last week after having reached the maximum mintage of 8,000 units. The sell-out was not unexpected as the Eagle Proofs are the only platinum issues available from the Mint this year. No uncirculated or fractional platinums were struck since they were removed from the Mint’s portfolio last year. Also, the Mint announced in October that no platinum bullions would be minted in 2009.
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American Numismatic Association members are invited to share their knowledge, ideas and creativity with fellow collectors by delivering a Numismatic Theatre presentation at the 2010 National Money Show™, March 25-27 at the Fort Worth Convention Center. Numismatic Theatre consists of 30-40 minute presentations on a wide variety of topics. It’s a great opportunity for hobbyists [...]
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US inflation over the past year returned to positive territory for the first time since February and Americans paid more for energy in November, bringing the cost of living up from the prior month, according to a government report released on Wednesday. Consumer prices rose 0.4 percent in November — as most analysts expected — [...]
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(Fallbrook, California) — For the sixth consecutive year, the Professional Numismatists Guild (PNG) will provide a scholarship to send a deserving young numismatist to the 2010 annual American Numismatic Association (ANA) Summer Seminar in Colorado Springs, Colorado. The scholarship will cover airfare, tuition for one of the two, week-long Summer Seminar sessions in June or [...]
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Giving collectors just a few more weeks to make their final purchases, sales of the 2009 Ultra High Relief Double Eagle Gold Coins will continue until December 31, 2009, the US Mint announced on Tuesday.
These coins were originally offered on January 22 of this year and were white-hot in their first day, selling an amazing 28,173.
What makes that number even more astonishing is the fact that the Mint was enforcing a household order limit of 1 at the time. Also add in the fact that each coin cost $1,189 upon their introduction, a premium of over $300 above the melt value of the gold they contain, and you can see that interest among collectors for this coin has been high.
In less than a week following their release, another 13,491 coins had been sold bringing the total to 41,664. At this point and into the summer, sales started to level off, rarely reaching over 1,000 during any given week.
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