More News at a Glance – October 26, 2010

By CoinLink on Tuesday, October 26, 2010
Filed Under: Coin News Daily

U.S. Gold Coin Hoard Found in East London Garden
The E-Sylum
A valuable hoard of American gold coins has been unearthed in an east London garden — one of Britain’s most curious treasure finds. Buried hoards are discovered every so often, but their Anglo-Saxon, Viking or Roman owners were themselves interred long ago. Whoever hid the 80 coins from the 19th and early 20th centuries may be alive. Why they chose the garden of a residential block in Hackney is a mystery.
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US Mint Modifies Bulk Purchase Requirements for Silver Bullion Coins
Silver Coins Today
Requirements to become an Authorized Purchaser for U.S. Mint silver bullion coins have recently been revised. While these changes will be transparent for the average investor who buys the coins for their portfolio or for collectors adding to their collection, they will affect any business firms that are interested in applying to become a purchaser under the program. Since the inception of the American Silver Eagle series in 1986, and recently applicable to the America the Beautiful Silver Bullion Coins debuting this year, the United States Mint has refrained from selling its silver bullion products directly to the public.
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Find Documents Arabic Coin Trade With Baltic
Numismaster
Coins can be valuable artifacts to the archaeologist when found and studied in their proper context. Since most non-numismatic artifacts are typically found in pieces and few carry dates, names of places or of local rulers, coins fill in a lot of informational gaps. Coins can also help document trade and trade routes, especially when the coins are found in large quantities. This is exactly what happened recently in a field near the German town of Anklam, not far from Germany’s current border with Poland.
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Silver Money for Americans
SilverSeek
I think that my readers will agree that there is a desperate need for some fresh thinking about money in the U.S. Many respected analysts worry that the expected action by the Fed to apply a new bout of QE after the coming elections is fraught with danger. Fiat money in the US is in an advanced stage of decomposition and when money rots, the whole social, economic and political structure of the nation rots with it. A return to sound money is urgent. More and more people are aware of the perilous road ahead if nothing is done.
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Any Undamaged Morgan Reaches $20
Numismatic News
China raised interest rates. Gold reacted negatively and finally sold off. It is now approximately 4 percent down from last week’s report. Silver was down 3 percent and platinum about the same. The markets seem like they may be starting a recovery, which I think is too soon. Bullion level U.S. gold type coins continue to lose some of their premium.
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A Troublesome King’s Collectibles Command Strong Prices at a Spink Auction
Paul Fraser Collectibles
Rare coins, currency and medals related to King Edward VIII sale sold well this week. On Thursday, Spink concluded their Portraits of a Prince sale – a treat for numismatists interested in Edward VIII’s brief reign, which was based on the collection of Joseph S Giordano. We focused on three coin lots and a medal set, the latter being the medals awarded to Jack Crisp.
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