An error coin is a coin that was manufactured incorrectly by a mint. Many times called mint errors, error coins come in scores of “shapes, sizes and types.”
Collecting mint errors is intriguing, but it’s hard to find centralized resources, let alone price charts for the coins.
There is one location, minterrornews.com that has amassed excellent error coin information, prices and photos.
Platinum took a mad dash upward earlier today, breaking another new record of $1,803.80 an ounce on the New York Mercantile Exchange (NYMEX). Investors watching the power shortage problems in South Africa, who produce four-fifths of the world’s platinum, bet on a constricting supply.
“Mine output disruptions continue to fuel the rally” in platinum, Jon Nadler, senior analyst for Kitco Bullion Dealers Montreal said in a research note. “With 80 percent or so of global supplies coming from the very mines affected by electricity woes, this is not a surprise.”
The British Royal Mint has released a new 2008 commemorative £5 coin celebrating the 450th anniversary of the accession of Elizabeth I. The attractive, limited edition commemorative coin comes in Brilliant Uncirculated and Proof versions and bears a uniquely interesting reverse design.
On 17 November 1558 the 25-year-old Elizabeth was proclaimed Queen of England. According to the British Royal Mint:
Vibrant American Bald Eagle coin designs were released December 5th, 2007 and the US Mint pulled away the curtains to offer them for sale on January 15, 2008.
A $5 gold coin, a $1 silver coin and a half-dollar clad coin all honor the American Bald Eagle in 2008. These three coins are also issued in special commemorate Proof and Uncirculated versions. Information, high quality coin images, prices and ordering information are below.
Bald Eagle Commemorative Coins go on sale 12:00 p.m. (ET) on January 15, 2008.
The U.S. Mint made the announcement through a press release and printed brochure that arrived in subscriber’s mailboxes.
Pricing and ordering limits have been set for the $5 gold, $1 silver, half-dollar clad coins and special sets all honoring the American Bald Eagle.
The product offerings, pricing and limits for the Bald Eagle coins are:
Gold was the bullions news item of the week. It punched through several new heights, breaking previous day record highs more than once.
The fears of recession and remarks by Federal Reserve Chairman Ben Bernanke signaling the Fed would take measures against recession risks helped gold’s momentum.
Friday close London Fix numbers:
New and improved silver, gold and platinum charts are below as well as several interesting gold stories from Friday, including ‘How to invest in gold‘.
Most are familiar with the age-old Christmas song, ‘The Twelve Days of Christmas’. It’s become a tradition during Christmas in more ways than one.
The first through its lyrics that are joyfully song during the holidays. The second way is through the financial and interesting aspects of the ‘12 Days of Christmas’ Price Index.
According to PNC Wealth Management, who created the light-hearted Christmas Price Index 23 years ago, the cost to buy your true love everything in the list is now $19,507. That’s an increase of 3.1% over last year. (Interesting, the PNC Christmas Index trends closely with the Consumer Price Index.)
What’s a big price jumper in the list? For bullion investors and coin collectors, that’s not a hard one to guess - the “5 Golden Rings”. It’s up 21.5% and will now cost $395.
If there’s any good news for coin collectors, it’s the fact that you can still buy your true love a gold ring for Christmas. Unfortunately, one item many coin collectors would like to receive in return - uncirculated 2007 gold American Eagles coins - is less likely to happen given the U.S. Mint’s ever-lasting eagle suspensions. But that’s another story…
It’s been an interesting week for precious metals. In particular, the flurry in gold has many experts now predicting it’ll soon eclipse the all-time high. In the same instance, many are hedging their bets by declaring the possibility of an eventual and painful price correction.
Above is the CoinNews.net chart showing this week’s London Fix prices for silver, gold and platinum.
Back on October 10, the United States Mint first suspended several platinum coin sales.
With the surging movement of bullion, the Mint has implemented cycles of coin suspensions in order to reintroduced coins at higher prices.
Unfortunately, the suspensions to date haven’t been a one or two day event but instead lasted weeks. Fortunately, the wait for the resumption of American Eagle Platinum Uncirculated coins is now over.
Gold hit two thresholds today, November 2, making it a popular topic of interest across major news outlets.
One threshold was closing above $800. The other was a new 28 year high. For a time, gold actually hit $810.70 on the New York Mercantile Exchange. It finally closed at $808.50 an ounce.
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