Monthly Archives: August 2008
ANA Recognizes Exhibitors at World’s Fair of Money in Baltimore
Jackson Presidential Coins in Bags and Rolls
Odyssey Marine Reports Slower Sales of Shipwreck Coins
U.S. Mint at Denver Closed During DNC Convention
Gold Marks Lowest Point Since Dec. 2007
$5 Million+ Jupiter Collection to be Featured at Long Beach
Dallas, TX: Heritage Auction Galleries' upcoming Long Beach Currency Signature Auction, to be held September 17-19, 2008, will be anchored by the impressive Jupiter Collection.
"The collection contains a total of fifty-nine Large Size Type Notes and 11 Small Size High Denomination Notes, as well as a partial pack of twenty-five Large Size Federal Reserve Notes," said Dustin Johnston, Consignment Director for Dallas-based Heritage.
"It was assembled by a collector with astute attention to quality and rarity. No note was added to the collection unless it was fully Gem in quality, one of the finest available for the type, or exceedingly rare."
Young Collectors Set to Inspire New Generation of Coin Collectors
In a market-leading initiative designed to help create a new generation of coin collectors, The Perth Mint has announced Young Collectors, the first Australian legal tender coin program exclusively designed, packaged and priced for 8 to 12 year-old children.
With the number of mature-aged collectors in decline around the world, Perth Mint Sales and Marketing Director Ron Currie said that the industry was in agreement that new initiatives were needed to boost participation in one of the world's oldest hobbies.
"Young Collectors is set to tackle the challenge with a program of annual releases portraying themes appealing to children," he said. "It starts in 2008 with the release of 12 Australian Animal $1 coins on brightly illustrated information cards."
Bullion & Business Weekend Report – Aug 9
67,331 Fractional Buffalo Gold Coins Sold
The first sales figures from the United States Mint are in for 2008 fractional Buffalo gold coins. In total, a solid 67,331 of the new fractionals have been sold.
The 24 karat gold coins were once offered in one-ounce proof versions only.
On July 22, the Mint expanded the product line by issuing fractional denominations of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz weights and in both proof and uncirculated.
The 1/10 ounce gold sizes are proving to be the most popular coins. Their lower prices have helped sales even though the Mint charges higher premiums for these smallest coins.
The following tables highlight uncirculated and proof Buffalo coin sales figures: