Coin News Daily January 21, 2009

By CoinLink on Wednesday, January 21, 2009
Filed Under: Coin News Daily

U.S. Mint Discloses UHR Saint Price and Announces New Pricing Policy
By Susan Headley – About.com
The highly anticipated Ultra-High Relief (UHR) Saint-Gaudens will go on sale on Thursday, Jan. 22 at 12:00 noon ET. The price is expected to be $1,189.00 (assuming gold stays between $800 and $850 per ounce. At the time of this writing, gold is at $816.70.) The United States Mint’s new bullion pricing charts show what the UHR will cost at various gold spot prices, with the lowest possible price being $889.00. The U.S. Mint has issued a statement regarding its new pricing policy for coins made out of gold and platinum bullion. I rarely publish press releases in my blog, but this one is so important to our marketplace, and of such interest to my readers, that I am presenting it in its entirety:.
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Market vibrant at FUN
By Mark Ferguson for COIN VALUES
The coin market appears to be holding up quite well in this disastrous economic climate. Each day’s crowd was strong at the Jan. 8 to 11 Florida United Numismatists show in Orlando. People are obviously transitioning from “paper” investments to tangible investments such as physical forms of gold and silver. Established collectors were also out in force – some are ready buyers at current prices, while others are taking a cautious, wait-and-see stance.
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NGC Ultra High Relief Special Label and Submission Instructions
NGC
NGC will be using a new label for the 2009 Ultra High Relief Double Eagle. This new label and EdgeView® holder are automatically used for all submissions of these coins and do not require special request. The 2009 Ultra High Relief Double Eagles must be submitted to NGC using the Modern Special Tier. The NGC Collectors Society submission fee for this service is $15 per coin and the approximate turnaround time is 12 working days.
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Rare 1927 Palestine 10 Pounds Leads Sale
Bank Note Reporter
A 1927 Palestine 10 pounds led results, bringing a hammer price of $62,500, in the LKCA World Paper Money sale on Dec. 10, 2008. According to Joel Shafer of LKCA World Paper Money, preliminary results indicate the hammer value of all of the lots in sale was $565,422, with 89.68 percent of lots selling. The sale was held at Lyn Knight’s building in metropolitan Kansas City, Mo. The sale was described as strong throughout, including the 1927 Palestine 10 pounds, which is possible “the highest price ever realized for this type/variety.” It was graded Fine/VF.
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Swiss Mint issues Swiss National Park – Red deer 2009
Swiss Mint
The red deer is the third motif in the commemorative coin series which Swissmint dedicates to the Swiss National Park. The artist and scientific illustrator Niklaus Heeb from Rodersdorf (Canton of Solothurn) designed the coin. It shows the animal, a typical guest in the National Park, that draws attention to itself in autumn by its loud belling. The bimetallic coin has a face value of 10 Swiss francs and is available with immediate effect. There are two minting qualities to choose from: “uncirculated” and “proof coin” in a presentation case. The red deer also supplements the Swiss currency coins in the 2009 coin set.
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When U.S. needs money in Civil War, it turns to Lincoln and demand notes
By Jeff Starck for COIN WORLD
When the U.S. government got into the business of issuing paper money to support the nation during the Civil War, it relied on a well-known salesman to make the pitch. The $10 denomination of these Series 1861 non-interest-bearing notes, or demand notes, depict President Abraham Lincoln, a historical feat that was more than circumstantial. Demand notes are notable for being the first federal paper money issued for circulation. The $5 and $20 demand notes depict allegorical figures but bear no portraits.
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Dave’s Notes ( Q David Bowers)
Stacks
Welcome to the latest edition of my Notes. I had an enjoyable visit to New York City to attend the Golden Horn Collection Sale, the Americana Sale, and other events in the Stack’s January auction lineup. A particular highlight was the sale of the John W. Adams Collection of Indian peace medals, at which time we had a record 11 different telephone bidders, plus who knows how many Internet bidders, plus a nice gallery of in-person participants. Action was intense from beginning to end.
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Heritage Posts 6500 Lots In February Long Beach Signature® Auction
Heritage Galleries
The Official Auction of the February 2009 Long Beach Expo has been posted by Heritage Auction Galleries on its HA.com Web site. Some 6500 lots from 280 consignors are included in the auction presented by Heritage Auction Galleries. The auction will take place Feb. 5-8, 2009. “This Long Beach auction is especially rich in gold rarities,” said Heritage President Greg Rohan. “Exceptional coins can be found in all series. The Grand Lake Collection is incredibly rich pre-Civil War gold coins, especially in quarter eagles and the coins of Dahlonega and Charlotte. Part One of the Ed Lepordo Collection features a complete type set (1793–to-date), impressive Large cents. We have also included additional selections from The Jack Lee Estate Collection.”
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