Coin News Daily for August 1 2008

Additional Coin Collecting News from across the web presented by CoinLink

Differences between wear, friction subtle but distinct

Experts contacted by Coin World are mostly in agreement with what the two terms mean, and even mention specific series that are affected by each. But, advanced and beginning collectors should be cautioned that it is no easy task to differentiate between wear and friction.
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Die Crack Reported on Bald Eagle Half

A 2008-S Bald Eagle half dollar is our first non-circulating type of commemorative coin reported with a major die crack. Other coins new to this list are a 2005-S clad dime, a 2006-S clad Colorado state quarter and our first Spiked Head report for a 1999-S Kennedy half dollar.
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Beijing Olympics 2008 commemorative coins

Ever since the first Olympic coins were introduced in 1952 in Helsinki, the tradition has continued for all the Summer and Winter games. This year, the Beijing Olympics 2008 commemorative coins come in gold and silver and there are only 60,000 sets–each comprising six gold and 12 silver coins–available worldwide.
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How to Collect and Store Coins

Numismatics, the hobby of kings, began to catch on in the United States in the mid-1800s. In 1858, the Numismatic and Antiquarian Society in Philadelphia and the American Numismatic Society in New York City were organized. A decade or so earlier, there had been perhaps no more than a dozen serious collectors of coins this side of the Atlantic.
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Why is the gold price falling?

Mumbai: The sharp fall in crude oil prices and a strengthening dollar against euro have pushed down gold prices by Rs 1,015 for 10 grams in the last two weeks.Pure gold has fallen from Rs 13,625 per 10 grams on July 17 to Rs 12,610 per 10 grams on Thursday. Crude oil has plunged from its record high of $147 a barrel earlier this month to $122 a barrel this week. Gold prices nose-dived by Rs 305 for 10 grams to Rs 12,495 on the bullion market in Mumbai on Wednesday on renewed offerings from stockists triggered by fall in the overseas markets.
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Coin News Daily is a CoinLink service for aggregating news and articles about rare coins, coin collecting, currency and other news of numismatic interest from web sites across the web. We provide brief excerpts and links to these stories and sites to give CoinLink users a one stop resource for locating information being published on the web concerning numismatics. These news summaries are posted 5 days a week.

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