Coin News Daily September 1, 2008
Additional Coin Collecting News from across the web presented by CoinLink
Eagle Premium Takes Off But Will Fly Away
I wrote a blog this morning asking why anybody would pay a premium of almost 19 percent over metal value for 2008 American Eagle silver coins when buyers have alternatives like 100-ounce silver bars for 7.8 percent over metal value, or 1,000-ounce bars for 2.3 percent over metal value.
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QUARTER HONORING “THE GREAT LAND,”A SHINING STAR FOR THE NATION
The spotlight was on the Colony Stage at the Alaska State Fair in Palmer today as a crowd celebrated the ceremonial launch of the Alaska commemorative quarter-dollar coin. United States Mint Deputy Director Andrew Brunhart joined Alaska Lieutenant Governor Sean Parnell for the event.
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Shark, Bird and a Train
Although issued to commemorate the creation of Imax photography, the Royal Canadian Mint’s (RCM) gold and silver coins may be remembered by many as the first appearance of a shark on Canadian money.
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Civil Rights Quarter Series Introduced
A new civil rights leaders quarter series that would run for eight years and honor five subjects a year also includes a provision authorizing pieces 5 ounces in weight, 3 inches in diameter and identical in design (and denomination) to the circulating quarter version.
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Spain thinks treasure is hidden in Gibraltar
The Spanish Government thinks that part of the treasure discovered by the Odyssey company is hidden in Gibraltar, possibly in a warehouse in the port area.
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Issue of first Maltese euro denominated collector coin
The Central Bank of Malta has issued a collector coin in a gold and silver version with the theme Auberge de Castille The obverse of the coins shows the emblem of Malta with the year of issue 2008. The reverse side depicts the porch of the Auberge de Castille.
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Price down, Demand up
Gold has lost its glimmer and silver looks a bit tarnished as market prices have plummeted since the metals’ heyday in March. In late August gold dropped to below $800 an ounce, while silver plummeted to $13. Compare that to March highs of more than $1,000 for gold and almost $24 for silver.
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