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More News at a Glance – December 28, 2010

Cents of 1794-1795 Reflect Changes

Those collectors who specialize in the early copper cents often have a soft place in their hearts for coins dated 1794 and, to a lesser extent, 1795. The cents of 1794 in particular have been studied with great care by researchers for 150 years yet new information still comes our way from time to time. The years 1794 and 1795 were an era of great change in the copper coinage, perhaps more so than at any other time in the history of the old large cents.
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‘One of world’s largest gold coins’ estimated at $600,000 at Heritage
Paul Fraser Collectibles
It was struck for the first Olympic Games in China with ancient stone carving techniques. Heritage Auctions’ World & Ancient Coins sale on January 3-4 is billed as being its “largest” World Coin auction to date – and one of the most hotly anticipated lots in the auction is also one of the largest gold coins in the world.
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2011 Platinum Eagle Design Candidates Reviewed by CFA
Coin Update News
The Commission of Fine Arts (CFA) has recently reviewed the design candidates for the 2011 Proof Platinum Eagle. This coin will feature the concept “To Insure Domestic Tranquility.” The collector version of the American Platinum Eagle is in the middle of a six year design series exploring the core concepts of American Democracy. Each concept is presented on the reverse design of the coin, while the obverse of each coin features an image of the Statue of Liberty designed by John Mercanti.
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Counterfeit Detection: 1914-D Buffalo Nickel
Unscrupulous people have made counterfeit and altered coins to fool collectors since time immemorial. These fakes were almost always key or semi-key dates, and collectors knew to exercise additional caution with coins such as the 1909-S VDB Lincoln Cent or the 1916-D Mercury Dime. Common date gold coins were also copied, particularly in the 1960s and 1970s, because of their intrinsic value. Coins with little collector value were generally ignored by counterfeiters because there was not a lot to gain.
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2011 Annual Sets Release Dates

Mint News Blog
The release dates are now available for the United States Mint’s 2011 Proof Set, 2011 Mint Set, and 2011 Silver Proof Set. The Mint had previously announced that these products would be available earlier in the year due to collector feedback. The 2011 Proof Set containing 14 different proof coins struck at the San Francisco Mint will be released on January 11, 2011. The 2011 Silver Proof Set, containing 90% silver versions of the proof dime, quarters, and half dollar, along with the remaining coins in standard compositions will be released on January 25, 2011.
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Public waits for 5 oz coins

Numismatic News
People who want to buy the new 5-ounce America the Beautiful silver bullion coin are caught up in a circle of supply and demand. The demand is there, but the supply of coins is limited and the normal distribution channels are clogged. Only 33,000 of each of the five designs were minted, far short of the 100,000 mintage originally planned. “That’s really a big problem,” said Lee Crane of L&C Coins. “I think the Mint didn’t read the market really well. They are creating rarity by the number they are minting. If they wanted everyone to get one, they should have minted more.”
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