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Featured Coin News and Articles for September 19-25, 2010

What’s New This Week……….

Jim Fehr writes about CC Morgans and gives a detailed analysis of the coin in the market and what is to be expected in purchasing one.

The first informational meeting of the recently created Gold & Silver Political Action Committee (GSPAC) occurred in Long Beach, California on September 22, 2010. The creation of the PAC was prompted by enactment of new Internal Revenue Service Form 1099 reporting requirements and other proposed legislation that could create tremendous burdens on dealers as well as collectors and investors.

What if the U.S. lost its AAA credit rating? This article by Adam Crum explores this idea in this article. “Two years ago‚ a company that performs financial research and analysis on commercial and government entities and has a 40% share in the world credit rating market warned the United States government that it risked losing its triple A rating if it didn’t get its finances under control. That company was Moody’s and the warning was motivated by the future of healthcare and Social Security costs and long before the present financial upheaval.”

Steve Roach discusses the gold market and specifically generic gold coins and their place in the market.

A one-of-a-kind Lincoln penny, mistakenly struck in 1943 at the Denver Mint in bronze rather than the zinc-coated steel used that year to conserve copper for World War II, has been sold by Legend Numismatics of Lincroft, New Jersey for $1.7 million to an unnamed Southwestern business executive. The coin’s anonymous former owner made arrangements for the entire sale proceeds to go to a charitable organization.

Podcasts that include the Bereau of Engraving and Printing discussing the $100 Bill.

Vic Bosarth, a new monthly contributor, discusses his life on the road at coin shows and discusses upcoming destinations. “Hi, my name is Vic Bozarth and I am a Rare Coin Road Warrior. My wife Sherri and I own Bozarth Numismatics Inc. Our website is Bozarthcoins.com.”

Greg Reynolds and his weekly column regarding scarce coins, coin markets and the coin collecting community.

Commentary on Glenn Beck, Goldline and the “Precious Coins and Bullion Disclosure Act”

Ponterio & Associates, a division of Bowers and Merena Auctions, is pleased to present the Wa She Wong Collection of Chinese and Asian coins as well as other fine properties in its December Hong Kong Auction held Dec. 3-4, 2010 at the Sheraton Hong Kong Hotel and Towers. The Wa She Wong collection represents one of the most important offerings of Chinese and Asian coins to ever be held.

An article on the GSA CC Morgan silver dollar coin hoard. “Veteran numismatists may remember the great rush on silver dollars that occurred during the early 1960s. For generations these coins had laid undisturbed in Treasury and Federal Reserve vaults, serving primarily as a backing for silver certificates.”

Stewart Huckaby discusses the historical significance of The Widow’s Mite Coin. “Every week, my church sends me an e-mail about the upcoming Sunday service — what the sermon will be, what some of the related activities will be, and so on. Part of this message includes a mention of the verses of the Bible that will be covered during the service.”

The United States Mint will offer collectible bags and two-roll sets containing Grand Canyon National Park quarters beginning at noon Eastern Time (ET) on September 20. The two-roll sets are priced at $32.95 each and the 100-coin bags are priced at $35.95 each. The Grand Canyon National Park quarter is the fourth coin released through the United States Mint America the Beautiful Quarters® Program.

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.

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


Featured Coin News and Articles from September 12-18, 2010

What’s New This Week……….

Doug WinterThoughts on Carson City Double Eagle Gold Coins. “I’ve been working on a third edition of my book on Carson City gold coins. For some odd reason, I’ve been working from back to front, meaning that I’ve done the new research of double eagles before following this with eagles and half eagles. I’ve been able to uncover some really eye-opening new information on the rarity and price levels of Carson City double eagles and I’d like to share a few tidbit”

New Content Partner Vic Bozarth’s  September Market Report. “As I write this on Labor Day 2010, I can’t help but reflect on the trends I have seen in the coin business over the last 25 years. Generally speaking the coin business during the Summer months, June through August, is flat.”

Greg Reynolds Weekly Column – The Sept. Goldbergs Coin Auction in Southern California. “For decades, the Long Beach (CA) Coin, Stamp and Collectible Expo has been a major event for coin collectors. The third Long Beach Expo of 2010 will start on Sept. 23 and end on Sep. 25. As usual, Heritage will conduct the official auction. Earlier, in Los Angles County, the firms of Bonhams and of the Goldbergs will also conduct auctions”

From the California NumismatistCoin Collecting: Do We Still Have a $20 Hobby ? If you are like many collectors, you may have spent a bit of time wondering just where our hobby has been going since 2007. With the economic slump, then the proclamations of recovery, you can’t help but wonder where that recovery really is when gold flirts with price tags like $1,250 per ounce, and when silver gets close to $20 per ounce. It makes a person wonder if there I still anything out there that doesn’t automatically have a hefty price tag slapped on it.

GUEST COMMENTARY by Laura Sperber: Coin Doctors – CAN’T STOP NOW “I say a heart-felt thanks to everyone who has emailed me support concerning the fight against coin doctors the past several months. Due to my hectic travel schedule, sometimes I just can’t respond to all your emails-but do know I read EVERY SINGLE ONE!”

By Doug Winter - If you have been collecting rare coins for more than a few years, there is a good chance that you have “found money” in your holdings. What I mean by this is that there are a number of things that you can do–often with little or no cost–that can significantly improve the appearance and value of your coins. Here are five suggestions:

September 2010 brings with it “Coinex”, one of the most exciting events of the numismatic calendar and the largest Numismatic coin show in the UK. This year Baldwin’s are proud sponsors of the occasion and, as hosts of the official Coinex auction, a spectacular event awaits.

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.

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


Featured Coin News Sept 5-11, 2010

What’s New This Week……….

Following on the heels of a $8.57 million World Coin auction at the Boston ANA World’s Fair of Money, Heritage Auctions has announced the promotion of Warren Tucker to Vice President of the World Coins division.

There was a recent article posted by David Ganz in Numismatics News titled “Protect Your Gold Against Seizure” (actually it is just the first part of a multi-part article), where several topics were discussed, not the least of which was FDR’s Executive order from April 5, 1933. CoinLink presents some thoughts on “Gold Confiscation Past and Present

Top 10 Mint Sate Saints. “Much has been written about the $20 Saint-Gaudens series since it is quite possibly the most popular gold coin sought after today. I’d like to discuss the rarity/value relationship of the top ten scarcest dates, in mint state condition. I will exclude the 1933 from this discussion since there is only one coin legal to own and therefore unobtainable by the majority of registry collectors.”

Video Article: Anti-Penny Rant. Certainly it would be hard to logically justify the continued manufacture and use of the US penny from an economic standpoint. The Penny costs 1.7 cents to produce and is worth only 1/26th of what it used to be worth when Lincoln was President.

Stack’s will be the official auctioneer for the 2011, 2012 and 2013 American Numismatic Association World’s Fair of Money, ANA Executive Director Larry Shepherd has announced. Live auctions will be held during the 2011 Chicago World’s Fair of Money, Aug. 16-20; the 2012 Philadelphia show, Aug. 7-11; and the 2013 Chicago show, Aug. 13-17.

Mint of Finland issues a coin which incorporates hand-crafted filigree on October 15. Mint of Finland presented the Cabbage Rabbit Filigree coin in American Numismatic Association’s conference in Boston on August 11. The Filigree coin aroused plenty of interest in the conference. The Filigree .

Pinnacle Rarities is proud to announce the private treaty sale of the finest known 1921-S Walking Liberty half. The coin is graded MS66 and is the single finest graded at PCGS. The 1921-S is by far the rarest Walking Liberty half in the uncirculated grades, and is very elusive in the top gem grades.

Greg Reynolds talks about Coin Doctoring in this week’s Coin Rarities Column: Over the last forty years, especially from the late 1990s to 2006 or so, the coin collecting community has suffered from the terrible problem of coin doctoring; coins are deceptively altered for the purpose of tricking experts, particularly those employed by the PCGS and the NGC, into concluding that a coin is of higher quality than it was before it was doctored.”

Gold and silver coins from the Ottoman sultans are being melted down because traders are afraid of being charged with smuggling Lamenting rules making it illegal to have, purchase or sell such coins in Turkey, Mahruki says it is time for the government to reform the law

The recently discovered Bullock specimen of the 1856-O double eagle, graded XF45+ by NGC, has already generating buzz in the numismatic community as the principal draw at the upcoming Heritage Auction’s U.S. Coin Auction, to be held Sept. 23-26 in Long Beach, CA.

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.

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


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