Coin News Daily June 9th, 2009

By CoinLink on Tuesday, June 9, 2009
Filed Under: Coin News Daily

Coin marks Henry VIII anniversary
BBC
The Royal Mint is issuing a limited edition £5 coin to mark 500 years since Henry VIII ascended to the throne. A few of the “coins fit for a king” are cast in platinum, with a hefty price tag of £4,400. For ordinary subjects, there are cupro-nickel ones for £9.99. Featuring the robust figure of Henry himself, they carry the words Rosa Sine Spina, meaning “rose without a thorn”, which featured on coins in 1509.
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The Hunt for Undervalued Gold
By Mark Benvenuto, Coins Magazine
One of the fun aspects of numismatics is the potential to find a coin that qualifies as a real sleeper. By this term, I mean, a coin that is drastically undervalued and that one hopes will go up in value in the relatively near future. It really does seem to be an idea that is stronger among coin collectors than among aficionados of other hobbies. Few others expect to buy anything to add to their collection and then have it increase in value.
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Key gold coinage strong
By Steve Roach for COIN VALUES
The market continues to show strength in the area of key gold coins, with buyers coming from those established in the hobby and new interest arising from investors who are just being introduced to the market and view classic gold coins as a safe store of wealth. At Heritage Auction Galleries’ recent Long Beach auction, the 1856-O Coronet $20 double eagle graded Specimen 63 by Professional Coin Grading Service sold for its reserve at an astounding $1,437,500. While the catalogers termed it the finest known example of the rarest New Orleans Mint double eagle, it’s arguably not one of the most well-known rarities.
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1876-CC TWENTY CENT PIECE PUBLICITY
E-Sylum
Rusty Goe was in the news elsewhere this week due to publicity over his recent coin purchase. -Editor In my right hand I held a pair of dimes. Small change. Hard to think what they’d buy today. In my left a small silver coin stamped “twenty cents”. As legal tender it’s the equivalent of the dimes. When it was minted it was worth slightly less than $4 dollars in today’s money and might have bought a modest meal.
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How to Avoid Purchasing Counterfeit Coins
David Hall – PCGS
The issue of counterfeit numismatic items produced in China and imported into the United States has become a “hot button” topic the past year. Counterfeit U.S. coins, some housed in counterfeit Professional Coin Grading Service and Numismatic Guaranty Corp. holders, are now a numismatic fact of life. And the industry suddenly has a sense of urgency and outrage about the “problem.” But I have a very strong opinion that this isn’t all that it seems, and I know that coin buyers, both collectors and dealers, can easily avoid the issue altogether. It’s really quite simple.
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Canadian Mint missing gold- what is really going on?
Citizen Economists
In the past week it has been reported that the Royal Canadian Mint (RCM) has “lost gold”. The reports contain statements that to the lay reader may seem unremarkable, but which to me give an indication of what is really going on. It is also a story of particular interest to me not just because I work in a Mint, but because one job (of the many) I held at the Perth Mint was that of Metal Accountant.
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Liberty Dollar maker, three others, arrested by feds
Courier Press
The maker of the Liberty Dollar is faced with the loss of his liberty. Earlier this week, federal officials arrested Bernard von Nothaus and two other Evansville residents, alleging that they have distributed Liberty Dollars coins meant to resemble U.S. currency. Von NotHaus, 65, and the other defendants were indicted in the District Court for the Western District of North Carolina on a number of charges involving conspiracy and fraud.
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