More News at a Glance – September 7, 2010

By CoinLink on Tuesday, September 7, 2010
Filed Under: Coin News Daily

New British Coin Composition Called ‘A Disaster’
The E-Sylum
Changing the metal composition of any coin should only be accomplished with great care. The British Royal Mint is learning this the hard way. A news story in today’s Sunday Telegraph points to the proposed composition of a nickel coated steel where steel is replacing the price increasing copper in the nation’s 5 and 10 pence coins. The new composition is magnetic and, it is rightly expected, to play havoc with the country’s half million vending machines.
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Bourse Etiquette
PCGS Blog
Even the smallest coin show offers something new and exciting. Every show begins with the promise of the unexpected, what you might find, what you might learn, chances to buy and sell. For both collectors and dealers coin shows are a great opportunity to meet and greet fellow hobbyists and conduct business. Even in today’s Internet driven society coin shows are an integral part of the business. If coin shows are so important, why is it that so many people are unaware of how a bourse operates and of the unwritten rules.
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‘Almost Brilliant’ Prince Adolf I German Coin Could Bring €9,000
Paul Fraser Collectibles
This uncirculated rarity bearing the Prince of Schaumburg-Lippe’s likeness is going to auction. German auction house Teutoburger’s upcoming two-day numismatic sale, Auktion 51, is scheduled to start this Friday (September 10-11). Among the coins, medals and jewellery on offer is this historic coin from the reign of Adolf I, Prince of Schaumburg-Lippe from 1860-1893.
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Some Years Only ‘S’ Walkers Struck
Numismaster
The Walking Liberty half dollar was an exciting new design when it was introduced in 1916. It was also a coin with too high a face value for many to collect. That helped keep the survival rate for high grades fairly low. These factors make it a challenging collection especially in top grades.Many examples that were saved were saved much later than their time of issue after they had circulated for years.
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2010-W Proof Platinum American Eagles Enter Market
The Rare Coin Market Report
The fast sellout of the Proof 2010-W American Eagle 1-ounce platinum coin has led to a robust secondary market for the issue and easy profits for some collectors. The continued absence of Proof 2010-W American Eagle gold and silver coins has created a void in the market that the platinum coins seem to have filled, at least for the time being.As reported in the Sept. 9 issue of Coin World, the Proof American Eagle platinum coin went on sale Aug. 12 with a mintage limit of 10,000 coins and an ordering limit of five coins per household.
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Unearthed Treasure Proves Early East-West Trade Route
Spiegel Online
It’s not often that archeologists find ancient coins with Arabic engravings in Germany. A recent such discovery, however, may prove that the Baltic Sea coast had trading ties to the Middle East as far back as the 7th century.Finding old coins in the ground is no great trick in Germany. Indeed, there are small armies of hobby historians who, armed with handheld metal detectors, comb fields and forests for bits of old metal, often flouting laws prohibiting such treasure hunting. Roman coins, a bit of Celtic spare change and the occasional thaler of more recent provenance are hardly a rarity.
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