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Coin News Daily for August 11 2008

Coin News Daily — Mon, 11 Aug 2008 13:37:49 +0000

Additional Coin Collecting News from across the web presented by CoinLink

Mint Director Displays 8-8-08 Double Prosperity Set

As the world prepares for the opening of the Games of the XXIX Olympiad in Beijing, China, on August 8, 2008, United States Mint Director Ed Moy invited reporters to the United States Mint at San Francisco, where he introduced the 8-8-08 Double Prosperity Set.
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Eight-Year-Old Collector Wins 1808 Half Dollar

Out of hundreds of submissions in a coin giveaway contest aimed at youth in northern Nevada, 8-year-old Garrett Allen’s entry was drawn from a drum at Southgate Coins by Pati Falk, senior director for elementary education for the Washoe County School District.
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2011 World’s Fair of Money in Chicago

The American Numismatic Association Board of Governors has voted to hold its 2011 World’s Fair of Money® in Chicago. The decision changed a previous vote by the current Board to hold the convention in Indianapolis.
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Specimens Command Big Prices at Spink’s

Spink’s June London auction saw 1,412 lots of world paper on the block. They included many rarities and specimens. Bidders proved to be targeted, bent on obtaining specific note types.
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Juan Carlos is replaced by Homer Simpson on front of euro coin

Homer Simpson, the world’s favourite couch potato, has achieved immortality not only on the silver screen but on a nickel coin where his head has replaced that of the Spanish monarch.
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Coin News Daily for August 6 2008

Coin News Daily — Wed, 06 Aug 2008 13:15:10 +0000

Additional Coin Collecting News from across the web presented by CoinLink

Annual Uncirculated Dollar Coin Set Available August 7

Collectors of United States Mint dollar coins should note the release of the 2008 United States Mint Annual Uncirculated Dollar Coin Set on August 7, 2008. The set, priced at $37.95, includes uncirculated versions of four Presidential $1 Coins, a Golden Dollar featuring Sacagawea and an American Eagle Uncirculated Silver Dollar.
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Andrew Jackson Presidential $1 Coins Available August 14

On August 14, 2008, the United States Mint will release a Presidential $1 Coin honoring Andrew Jackson, our Nation’s seventh commander-in-chief. It is the seventh coin issued in the United States Mint’s Presidential $1 Coin Program
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PCGS Launches Innovative Website for People Who Are New to Coins

PCGS has a new website with simple answers for people new to the hobby.The site is designed to make it easy for people to either sell their newly acquired coins, or develop their collections and an active interest in the hobby
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Viewpoint: Date, Mintmark Don’t Belong on Edge

I am still really frustrated with the edge date and mintmark location for the Presidential dollar coins. It is really not so much the date, because that can be discerned quite easily from the face of the coin; each President is minted for only a short time.
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Planning comes first for new dealers at local shows

In advising someone who has never operated a coin show bourse table before, dealers from across the country agree that several things need to be considered before the day of the show – location, venue, pricing and equipment.
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Coin News Daily for August 5 2008

Coin News Daily — Tue, 05 Aug 2008 10:49:07 +0000

Additional Coin Collecting News from across the web presented by CoinLink

Is the New Double Eagle Coin a Good Buy?

Don’t let the gorgeous golden design fool you: From a purely monetary perspective, you should probably stick with a more traditional investment vehicle such as a college savings plan. But if you want to spark a lifelong appreciation for historic coins, buying the new version of the Double Eagle is the way to go.
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‘Monster’ Doubled Die on Malaysian 10 Sen

This month’s lead coin is a doubled die Malaysian 2007 10 sen piece, sent in by Harold Kuykendal, based in Hawaii. The doubling is extremely strong on the entire legend about the rim, and the date shows well on some areas on the central devices.
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J’lem Dig turns up gold coins from end of Second Temple period

In ancient times, the inhabitants of the Land of Israel and its environs would raise pigeons in underground caves. Called “columbariums,” the caves had small niches, in which the birds laid their eggs. Over the years many columbariums have been unearthed at ancient sites around the country…
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Currency chaos in Zimbabwe

The Reserve Bank of Zimbabwe has been accused of creating confusion with the chaotic new currency system that it implemented last Friday. Two currencies are now useable at the same time, creating a nightmare for those in the businesses sector and making it complex for the consumer.
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Olympic commemorative coins issued in Australia

The commemorative gold, silver and bronze coins for the 2008 Beijing Olympics were issued by Perth Mint at a ceremony at the mint office. The gold coin contains an image of the Olympic stadium in Beijing with the Sydney Opera House, the silver coin has an athlete intertwined with a Chinese dragon, and the bronze has the boxing kangaroo with a Chinese dragon.
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Coin News Daily for August 1 2008

Coin News Daily — Fri, 01 Aug 2008 18:09:24 +0000

Additional Coin Collecting News from across the web presented by CoinLink

Differences between wear, friction subtle but distinct

Experts contacted by Coin World are mostly in agreement with what the two terms mean, and even mention specific series that are affected by each. But, advanced and beginning collectors should be cautioned that it is no easy task to differentiate between wear and friction.
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Die Crack Reported on Bald Eagle Half

A 2008-S Bald Eagle half dollar is our first non-circulating type of commemorative coin reported with a major die crack. Other coins new to this list are a 2005-S clad dime, a 2006-S clad Colorado state quarter and our first Spiked Head report for a 1999-S Kennedy half dollar.
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Beijing Olympics 2008 commemorative coins

Ever since the first Olympic coins were introduced in 1952 in Helsinki, the tradition has continued for all the Summer and Winter games. This year, the Beijing Olympics 2008 commemorative coins come in gold and silver and there are only 60,000 sets–each comprising six gold and 12 silver coins–available worldwide.
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How to Collect and Store Coins

Numismatics, the hobby of kings, began to catch on in the United States in the mid-1800s. In 1858, the Numismatic and Antiquarian Society in Philadelphia and the American Numismatic Society in New York City were organized. A decade or so earlier, there had been perhaps no more than a dozen serious collectors of coins this side of the Atlantic.
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Why is the gold price falling?

Mumbai: The sharp fall in crude oil prices and a strengthening dollar against euro have pushed down gold prices by Rs 1,015 for 10 grams in the last two weeks.Pure gold has fallen from Rs 13,625 per 10 grams on July 17 to Rs 12,610 per 10 grams on Thursday. Crude oil has plunged from its record high of $147 a barrel earlier this month to $122 a barrel this week. Gold prices nose-dived by Rs 305 for 10 grams to Rs 12,495 on the bullion market in Mumbai on Wednesday on renewed offerings from stockists triggered by fall in the overseas markets.
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