Blog Page 1211

Bullion & Business Weekend Report – Sept 20

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Gold and silver enjoyed sharp gains in a week where markets were up and down over concern for worsening financial conditions. Within a 48-hour...

1851 Augustus Humbert $50 Gold Piece Realizes $460K, Bowers and Merena...

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1851 Augustus Humbert $50 Gold PieceIRVINE, Calif. – Bowers and Merena Auctions, America's leading rare coin and currency auction house, hosted their Beverly Hills Rarities Sale on Saturday, September 13, 2008, at The Tower Beverly Hills. The 933-lot auction of high-end rarities realized a total of $3,317,135.

The spotlight of the auction was on the new discovery 1851 Augustus Humbert $50 Gold piece of the Reeded Edge, 880 THOUS (K-5, Rarity-5) variety graded MS-65 * by NGC that realized $460,000 after an excited round of bidding. Prior to the auction, NGC chairman Mark Salzburg called it "the most memorable coin I have graded all year."

It is the only Humbert gold coin of any denomination with an NGC grade of MS-65 *, and no Humbert gold coins of any denomination or variety have been graded finer than MS-65 at either PCGS or NGC.

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Congressman Wants Nickel Replaced with Half-Dime

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Oklahoma congressman Frank Lucas introduced new coin legislation Thursday that would replace the circulating Jefferson nickel with a smaller and lighter five-cent coin,...

DGS Authenticates & Grades Rare Lafayette Dollar Variety

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Duvall 4-E Variety is Just the Second Reported Specimen

Virginia Beach, VA. The graders at Dominion Grading Service are excited to announce that they have certified the second known example of this very rare variety. The Duvall 4-E variety was thought to be unique until the discovery of this coin, which has been graded AU58 Cleaned by DGS.

1900 $1 Lafayette Duvall 4-E Variety

According to John Feigenbaum, President of DGS, the coin has "the initial appearance of a mint state coin but the luster is almost too nice and lacks the frosty surfaces of a true mint state. The coin has virtually no wear and has been very lightly cleaned to show evidence of wipe lines upon close examination in proper lighting. The only significant mark on either side of the coin is a 3 mm scratch on Washington's cheek. Without the mishandling, this coin might have otherwise graded MS63."

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Gold Jumps Higher as World Governments Attempt Financial Fix

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New York precious metals pushed ahead Thursday with a second day of sharp gains. Futures in silver, gold and platinum were up 9 percent,...

Daily Numismatic Headlines for September 18, 2008

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The following numismatic articles are not written for CoinNews, but we recommend collectors read them for their unusual or interesting content: Ancient...

New Sale Dates for Cleveland and Philadelphia $2 Notes

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The Bureau of Engraving and Printing (BEP) has announced new sale dates of October 1 for the 2008 Cleveland $2 Single Notes and October...

Royal Mint £5 Coins Celebrate Prince Charles’ 60th Birthday

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The British Royal Mint has announced the latest series of commemorative coins celebrating Prince Charles' 60th birthday. The design is rather unusual in that...

Gold Rallies to Largest Dollar Gain in More Than Two Decades

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New York silver, gold and platinum futures were on fire Wednesday as the government's takeover of American International Group (AIG) and financial uncertainty spurred...

Royal Australian Mint Gnomes at Floriade

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The Royal Australian Mint will feature in the 2008 Floriade corporate gnome competition with an entry called 'Priscilla, Coin of the Desert'. In the spirit...
Crayola Precious Metal Silver Crayons

Crayola Blue Crayon Recreated in 1.5 Ounces of Silver

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A Crayola classic has been recreated in silver, with the familiar Blue crayon reproduced as a 1.5-troy-ounce collectible. The piece is the first release in...