Hawaii quarter, last of 50, to be minted tomorrow
By Michael Levine - The Garden Island
Just as Hawai‘i was the final territory to attain membership in the United States of America, the Aloha State’s quarter-dollar coin will conclude the 50 State Quarters Program when it is ceremonially struck tomorrow in Denver, Colo., according to an announcement from the United States Mint. The official Hawai‘i Quarter Launch will be Nov. 10 in Honolulu, signaling the end of the 10-year program, which was started in 1999 in an effort “to promote the diffusion of knowledge among the youth of the United States about the individual states, their history and geography, and the rich diversity of the national heritage,” according to the Mint’s Web site.
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Market turmoil makes coins hard to price
Carrol County Times
With Wall Street in a funk and the global economy in turmoil, collectors say the market for coins and precious metals is complex and bizarre and pinning down prices has proved to be elusive. At the Coin and Currency Show at the Westminster fire company Sunday, most of the regional traders, collectors, buyers and sellers said the tumultuous economy and fluctuating metal prices make buying and selling coins and currency an ever-changing environment.
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Suspicious white substance found in rolls of coins
AZCentral
Several people may have been exposed to a suspicious white substance hidden in rolls of coins that were opened at Café Laguna on Friday. At least five people were quarantined at 5 p.m. inside the restaurant, on Apache Trail near Meridian Road, while a hazmat team evaluated their exposure.The hazmat team did not quarantine a nearby bank, though the coins and the substance had been in the building. The coins were sealed in a bag until they left the bank, according to Apache Junction Fire Department officials.
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Gold coins command record prices
Financial Times
Heavy losses in equity markets are enticing investors to pay record prices for popular bullion coins such as South Africa’s Krugerrand. On Friday, gold dealers said that the premium for bullion coins surged by up to 10 per cent above the gold spot price, up from 2-4 per cent before the deepening of the financial crisis. The jump comes as official mints struggle to match demand.
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Economic uncertainty
By Mark Ferguson - COIN VALUES
The coin market is feeling the effects of the economy more than at any other time in recent history, possibly the most since during the high inflationary days of the late 1970s and early 1980s. “High impact” events have been happening almost daily recently, deepening the current crisis and adding new factors to the mix. No clear trend has emerged for the long-term market for numismatic coins, but a high demand trend has emerged for precious metals.
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NumisMedia Market Report: Where Do We Go From Here?
Numismedia
The current economy continues to be the main focus for most Americans. Bank failures and bailouts, an underachieving stock market with growing fears of total crash, talks of recession, and a political race in the foreground has most of us struggling to maintain a balance in this current financial atmosphere. Yet, this all may be playing right into the hands of the coin market; the potential for future growth in numismatics could be unparalleled.
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Certified But Not Graded: Adjustment Strikes, Struck Thrus and Other Mint Errors
NGC
There are a few types of error coins that are eligible for NGC certification but do not receive a grade. These coins are simply attributed as MINT ERROR on the certification label without any grade notation. This of course can be a source of questions, and the information here describes which coins fall into this category and why. There are two basic categories of error coins that are certified by NGC but do not receive a grade.
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Collectors Universe Comments on Involuntary Selling of Company Stock by CEO
Yahoo Finance
Collectors Universe, Inc. commented today that the recent turmoil in the financial markets — combined with an inability of Collectors Universe’s Chief Executive Officer, Michael Haynes to quickly access assets — triggered the need to sell Collectors Universe stock related to collateralized loans of Mr. Haynes. “These sales were involuntary and related to personal planning objectives and the current extraordinary circumstances in the financial markets that triggered the need to sell Company stock,” said Haynes.
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