UK 20p Undated Error Coins Commanding Huge Premiums
News of an error in UK's Royal Mint 20 pence coin (20p) blasted through the media this week, creating an intensified fervor in collectors trying to find and buy the coins.
Prices for the coin, which have a face value of about 33 cents US, have shot up with auction bidding reaching as high as several hundred dollars. (See current eBay auctions.)
According to reports, the Mint issued tens of thousands "year-less" 20p coins toward the end of 2008.
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Gold, Silver Eagle Bullion Sales Surge in June
Demand is lower for bullion coins? Poppycock. US Mint sales figures released Wednesday say otherwise.
Marking the third best month of a record setting pace year, demand in June for American Eagle Gold and Silver Bullion Coins jumped aggressively over May.
Silver eagle sales soared in June, rising 340,500 higher than May figures. 2,245,000 silver bullion eagles were sold. The total is now 13,824,500 for an annualized rate that is easily on track to smash last year's 20,583,000 record.
Gold eagles sales sizzled and nearly doubled May tallies. 116,000 gold bullion eagles were sold in June. With half of this year now set in history, 670,500 have been purchased -- one of the best six month totals since the series began in 1986.
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Historic 1854-S Quarter Eagle Highlights Heritage August LA Rare Coins Auction
DALLAS, TX – Legends of TV and film will surrender the Hollywood spotlight for a night when a different kind of American star takes to the podium at the Hyatt Regency Century Plaza in Beverly Hills: A historic 1854-S quarter eagle, graded VF35 NGC, will lead the Platinum Night offerings of Heritage Auction Galleries' August 2009 Los Angeles U.S. Coin Auction, July 31-Aug. 2.
"This coin is truly a legendary rarity," said Greg Rohan, President of Heritage, "and one of just a dozen known survivors from the first quarter eagle issue produced by the San Francisco Mint. In Heritage's in-house condition census of the surviving 12, this example is rated fifth overall."
Just 246 examples of the 1854-S quarter eagle were struck since the San Francisco Mint focused on making larger denominations such as the eagle and double eagle, and the relative "small change" denomination of the gold dollar, leaving the quarter eagle and half eagle relatively neglected.
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Bowers and Merena Auctions: 1870 $100 National Gold Note Highlights Currency...
(Irvine, California) -- More than 500 U.S. and world bank notes will be offered in the Official Auction of the American Numismatic Association World's Fair of Money® conducted by Bowers and Merena Auctions at the Los Angeles Convention Center and online, August 2 – 8, 2009.
One of the many highlights is an 1870 $100 Gold National Bank Note, San Francisco Charter #1741, The First National Gold Bank (Fr. 1162), graded PMG Fine 12 Net (restorations).
"This classic rarity is one of only eight notes of this type in private hands, and one of three of this Friedberg number. Those others are in strong hands and not likely to become available in the foreseeable future.
In fact, only three examples have been offered for public sale in the last decade and the latest example, nearly identical to this one, sold for $258,700 in 2007," said Steve Deeds, President of Bowers and Merena (www.BowersandMerena.com).
"With collectors holding tightly to the others, we're not sure when there will be another opportunity to acquire such a rare and elusive note."
