What’s New This Week……….

Greg Reynolds examines The rise in the number of collectors of rare U.S. coins and the importance of the PCGS & the NGC in his weekly Coin Rarities Column. “At various times since Sept. or Oct. 2008, a substantial number of collectors have stopped buying, not because of lack of interest, but rather because of their own personal financial circumstances. After all, in the middle of 2008, a rather severe recession began that negatively affected almost everyone. ”

Steve Roach Reports that Proof American Eagle gold coins have provided some sparks in the marketplace this past year, but the fast fall in prices over the past several weeks serves as a reminder that what goes up usually comes down. Some major buyers have stopped buying these and prices have fallen sharply.

Doug Winter presents Coin Profile: An Analysis of The Johnson-Blue Collection of Liberty Head Eagles. Every few years, an auction takes place that gives me a bad case of “Dinosaur Syndrome.” By this, I mean the coins bring so much more than what I bid that I think to myself that I’m a dinosaur and am out of touch with current Numismatic Reality. After I talk myself out of this and take a deep breath or two, I find that analyzing the sale is a useful tool for my bruised psyche.

International coin rarities continued to assert their growing numismatic strength during the Aug. 11-16 Heritage Auctions Boston ANA World’s Fair of Money trio of auctions, realizing more than $8.6 million in Heritage Signature® World Coin Auction, part of the overall $46+ million total of the combined auction events.

Paper money as a form of art might seem the makings of a rather small exhibition, to judge from the modern bills of the United States and Europe. Bank notes, however, have constituted one of the dominant forms of visual communication for the past two centuries, and in many cases can be seen as works of art in their own right. Princeton University’s Numismatic Collection is featuring currency worth looking at in the exhibition “Money on Paper” on view in the August 30, 2010, through January 2, 2011.

New Coin Discovery: 1856-O Double Eagle Discovered in Ohio to Be Offered At Long Beach. This recently discovered coin made front-page news in the July 26, 2010 Coin World, with a headline proclaiming “1856-O gold double eagle surfaces in Ohio.” The double-decker headline added, “Rarest New Orleans Mint gold coin in family holdings.” Numismatic researcher John W. McCloskey relates in detail how this rare coin–one of about 20 to 30 1856-O twenties known–was turned over to him for evaluation as part of a “small accumulation of gold coins held by a family in Ohio for nearly 100 years

NEW & UPDATED – Our coverage of rare coin and currency news has expanded with Austin Purvis taking over as Editor of Coin News Daily. This is a special section of CoinLink where we scour the web for items of interest related to numismatics and post a short excerpt and link to these “off site” resources.

CoinLink Welcomes Steve Roach as a New Content Partner. Steve Maintains a Blog called “The Rare Coin Market Report” and we will be including many of his articles and observation in the coming months.

We have also made changes to The Bullion Report with daily news and article updates, and a monthly analysis of the “Premiums Over Spot” for Gold and Silver Bullion products.

View all the latest rare coin news here