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Showing posts from March, 2020

Gold and Palladium Surge in First Quarter 2020; U.S. Mint Bullion Sales Explode in March

In precious metals futures Tuesday, gold declined while silver, platinum and palladium climbed. Gains in silver and platinum were modest at less than 1%. Palladium, however, soared nearly 5%. Metal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Initial collector reactions to new 2021 Morgan and Peace dollar legislation

Image by Florian Hirzinger under the Creative Commons Attribution-Share Alike 3.0 Unported license. By Louis Golino Late last year when the Law Enforcement Museum Commemorative Coin Act was passed by Congress and signed into law by President Trump on December 27, supporters of the 1921 Silver Dollar Commemorative Coin Act, which never managed to gain much support, were dismayed. The program to issue 2021-dated commemorative Morgan and Peace dollars they had worked hard to support seemed dead. Congress can only issue two commemorative programs per year, and earlier in the year, it passed the Christa McAuliffe Commemorative Coin Act. Once again, it appeared, commemorative coins that are unlikely to be popular with the numismatic community were on the way, while a program with broad support that would have allowed average collectors to see the most popular 19th-century and early 20th-century silver coins, struck to perfection using modern minting technology, would not see the light o

The Paper Price Is Not the Physical Price

How the C-Factor Could Decimate 2020 Global #Gold and #Silver Production https://t.co/zomDLchyMD — Money Metals Exchange LLC (@MoneyMetals) March 31, 2020 https://platform.twitter.com/widgets.js How the C-Factor Could Decimate 2020 Global Gold and Silver Production Item: March 16, 2020. A huge poly-metallic (gold, silver, copper) mining operation in Mongolia “has suspended operations” after authorities “restricted the movement of goods and people within the country.” Item: March 17. In Peru, one of the world’s largest primary silver-gold producers has its 4 mines “temporarily suspended” following the Government’s Declared State of Emergency. Item: March 18. A Canadian mining major suspends construction of a $4.7b copper mine upgrade in Chile affecting 15,000 workers. Find Out More: https://t.co/chpqzHeM07 from Precious Metals News from Gold Eagle Price – Price of Silver Oz

1804: Standout Era Dime

1804 dime with 13 stars on reverse. (Images courtesy Heritage Auctions) Being a tough early dime of the United States is not an easy thing to do as virtually any early dime of the United States is tough and expensive. That said, the 1804 stands out as one of the better dates. We cannot really be sure what happened back in 1804 when it came to the mintage of dimes. There was no design change as the Draped Bust and Heraldic Eagle design had been around since 1798. There were, however, a couple varieties of the 1804 with one having 13 stars and the other having 14 although varieties on the coins of the time were common. What we do know is that the dime has not been an especially high priority for the early Mint. That situation went back to the first coins. When the Mint made the first silver coins in 1794, they were dollars and half dollars. Then, in 1795, half dimes (in some cases dated 1794) were produced. There was no mintage of dimes, however, until 1796. It was almost certainly

These coins may be in polished or cleaned condition and are NOT slabbed or graded…

The reverse captures an American eagle standing with confidence on a bundle of olive branches and arrows. #gold #goldcoins https://t.co/z18dvTO8Ox — Money Metals Exchange LLC (@MoneyMetals) March 31, 2020 https://platform.twitter.com/widgets.js The reverse captures an American eagle standing with confidence on a bundle of olive branches and arrows The Indian US gold coin also comes in the $2.50 Indian Gold coin and the $5 Indian Gold Coin. Find Out More: https://t.co/cLsK2PWFNs from Precious Metals News from Gold Eagle Price – Price of Silver Oz

‘So-Called Dollars’ Book Details Expositions

Available from authors Jeff Shevlin and Bill Hyder is the book, So-Called Dollars from the Pacific Coast Expositions . The work was named 2019 Best Specialized Book of the Year by the Numismatic Literary Guild. So-Called Dollars are medals struck to commemorate events in United States history. Q. David Bowers, in his preface for the book, states, “With its captivating narrative, color pictures, and other details you will have an ‘I am here’ experience when reading about the expositions… I suspect this will be a dangerous book to own – for it might compel you to collect so-called dollars.” So-Called Dollars are a hot area in numismatics. Since coin shows and so many other events have been canceled due to the coronavirus, now is the perfect time to pick up a good book and learn about the great International Expositions that helped develop our country. This is a storybook about the eight expositions that were held on the Pacific Coast and the fascinating medals struck there.  The 300

Using Numismatics to Promote Remote Education

Parents and teachers are looking for opportunities to continue the education process during this time of quarrantine. It had me thinking as to how numismatics can tie into history lessons. If coins and currency are history in your hands, why not use them for education. Inspired by “These Chihuahuas are not dogs,” that I wrote […]

Gold Dips 0.7% on Monday, March 30

Gold, silver and platinum futures declined on Monday while palladium prices edged higher. Gold for June delivery -- the new, most-active contract -- shed $10.90, or 0.7%, to settle at $1,643.20 an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

March 11, 2020, CCAC meeting: 2021 American Innovation $1 coin — New Hampshire

Image by Florian Hirzinger under the Creative Commons Attribution-Share Alike 3.0 Unported license. On March 11 at 9:00 a.m. (EDT), the Citizens Coinage Advisory Committee (CCAC) held its second of two teleconference meetings to review and discuss designs for the upcoming 2021 American Innovation $1 Coin Program. Below are the various proposed designs for the 2021 New Hampshire American Innovation $1 coin. Let us know in the comments which design(s) you would choose! NH-01 — 2021 American Innovation $1 Coin – New Hampshire. Hover to zoom. NH-02 — 2021 American Innovation $1 Coin – New Hampshire NH-03 — 2021 American Innovation $1 Coin – New Hampshire NH-04 — 2021 American Innovation $1 Coin – New Hampshire NH-05 — 2021 American Innovation $1 Coin – New Hampshire NH-06 — 2021 American Innovation $1 Coin – New Hampshire ❑ Follow us on Facebook  and  Twitter !                 Comments @ Einbahnstrasse says,”I think our current system has it ... by cagcrisp

Retail Demand for Physical Bullion has Tapered Only Slightly from the Frenetic Pace of the Prior Two Weeks

Physical Demand Wreaks Havoc on Futures Exchanges https://t.co/d88tggDWaH — Money Metals Exchange LLC (@MoneyMetals) March 30, 2020 https://platform.twitter.com/widgets.js Physical Demand Wreaks Havoc on Futures Exchanges Money Metals’ major competitors appear to be facing big challenges getting inventory and fulfilling orders – with the vast majority of their products either unavailable or significantly delayed. To be fair to the struggling dealers, buyers have vastly outnumbered the sellers for weeks, despite the big jump in premiums. At Money Metals, however, we have done a better job than our peers when it comes to securing stock and fulfilling orders quickly – nor have we refused to allow smaller customers to place orders like all the others have. Find Out More: https://t.co/qBKSzBylLm from Precious Metals News from Gold Eagle Price – Price of Silver Oz

Coin Clinic: How Does Restoration Improve Coins?

What can a professional coin restoration service do to improve my coins that I can’t do by cleaning them myself? Restoration services don’t “clean” coins; they restore them. Such services can remove artificially and deliberately applied contaminants, these contaminants having been caused by improper care or storage. This includes such contaminants as polyvinyl chloride, spots, and fingerprints. Restoration does not include removing scratches, dings and other related issues.   Will a properly restored coin be worth as much as a coin of the same grade that never required some form of improvement? Third-party authentication and grading services are good about identifying coins that have been enhanced improperly or have been properly restored. Either will be identified in the information accompanying an encapsulated coin. Both will likely result in a coin of lesser value than a coin that never needed such servicing. The difference is that the professionally restored coin is typically m

NGC-Certified 1945 Silver Threepence Sells for £62,000, Doubling its Estimate

A 1945 Silver Threepence certified by Numismatic Guaranty Corporation® (NGC®) realized £62,000 (almost $74,000 USD) -- more than double its presale estimate -- in a March 25 onlineonly... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Silver Proof Set Slated for April 17

If any collectors missed a coin released so far in 2020 or were unable to purchase a specific one, a 2020 silver proof set is the way to go. The U.S. Mint says it will release the set at noon EST April 17. Each set contains 10 proof coins bearing the “S” mintmark of the San Francisco mint, including quarters, a dime, a dollar and a half dollar that were all struck in 99.9 percent silver. There are five silver quarters from the America the Beautiful series including National Park of American Samoa, Weir Farm National Historic Site, Silver River Bay National Historical Park and Ecological Preserve, Marsh-Billings-Rockefeller National Historical Park and the Tallgrass Prairie National Preserve. The dollar coin is the Native American dollar with lettered edge featuring Elizabeth Peratrovich on the reverse. The other four coins are a Kennedy half dollar with Reeded edge, a Roosevelt dime with Reeded edge, a Jefferson nickel with plain edge and a Lincoln cent with plain edge. This year’s

As a Perth Mint first, the 1 oz Australian Silver Kangaroo coins includes an authentication feature on the reverse…

Invest in Australian Perth Mint’s Kangaroo #Silver #Coins https://t.co/bJ8P1QnKzo — Money Metals Exchange LLC (@MoneyMetals) March 30, 2020 https://platform.twitter.com/widgets.js Invest in Australian Perth Mint’s Kangaroo Silver Coins The kangaroo, symbolic of Australia and the Perth Mint, is the largest marsupial surviving on earth today. The animal’s distinctive style of movement, hopping on its hind legs whilst using its large, muscular tail for balance, means it is one of the only animals which is unable to move backwards easily. The kangaroo features in the Australian national emblem. As a Perth Mint first, the 1 oz Australian Silver Kangaroo coins includes an authentication feature on the reverse – in the form of a micro-laser engraved letter ‘A’, the first letter in AUSTRALIA. The mark is only detectable under a magnifying glass and is designed to make it significantly more difficult for the coin to be counterfeited. Check out all our Australian silver coins. Find Out

Weekly World Numismatic News for March 29, 2020

Stop me if you heard this before. A naive member of Congress wants to the Secretary of the Treasury to use his authority under Title 31, Section 5112, paragraph “k” of the United States Code (31 U.S.C. § 5112(k)) to mint a special platinum bullion coin. That coin would have a face value of $1 […]

Viewpoint: Response to ‘Mint’s Unintended Consequences’

By Ron Thompson In the March 17 issue of Numismatic News , an anonymous writer suggested: “The U.S. Mint Enters the Land of Unintended Consequences.” I would disagree, but first, let me correct a common misconception. As a general rule, accountants (pejoratively called “bean counters” in the letter) don’t make the financial decisions that the writer attributed to them. They may do analysis work to support the decisions or fact-finding for middle managers and/or financial executives that actually make those decisions or recommendations to upper management. So, put the blame where it resides with the Mint management. As a CPA who has spent his entire 50-year career in various levels of accounting work, eventually in management and in diversified industries (none of it working for the Mint, however), I can say with confidence that unless they are in a tiny company, accountants don’t make those decisions. So, stop blaming accountants and stop calling them “bean counters” – I have never co

New Edition of ‘Red Book’ Released

The 74th edition of the annual Guide Book of United States Coins , popularly known as the “Red Book ,” is set to debut from Whitman Publishing April 7. The new volume includes updated pricing and auction data reflecting the current market for collectible U.S. coins, along with historical information and guidance on how to build a valuable collection. Coin collectors have used the Red Book to value their collections since the first edition was published in 1946. Senior Editor Jeff Garrett attributes the book’s strength to its network of experts. “Whitman relies on a system of more than a hundred professional coin dealers, researchers and other specialists from around the country,” Garrett said. “Their expertise covers every segment of American coinage – not just in accurate real-world pricing, but also in the latest discoveries in numismatic scholarship.” Research Editor Q. David Bowers said, “The Red Book is the one reference I keep handy when buying, selling or writing about coins

Letters to the Editor: April 14, 2020

1982 Small ‘D’ Cent I’m pretty sure I found a 1982-D small-print penny. How do I go about finding its worth and selling it? Mondo Sosa Address Withheld   In Response to Mueller Error Coin In regards to Christian Mueller’s error coin in the March 17 Letters section, I have been an error/die variety collector for three decades. I am also a   member of CONECA. This quarter cannot be a mint error. It would be impossible. It is probably made with hole punches and pieces pressed together. David Bisacca Address Withheld   Error in March 17 Letter In the March 17 issue of Numismatic News , the 1895-S was transposed to read 1859-S in my 2/21/20 letter to your Morgan dollar question. I hope readers realized the error. Horst Seeley Address Withheld Editor’s Note: We regret the error and apologize for any confusion it may have caused. Thank you for bringing it to our attention.   1849-O Dime with Split I was wondering if there have been any 1849-O dimes that have a split in the

Pogue Collections Sells $15.3 Million

Against a backdrop of economic uncertainty and negative indicators, rare coins continued to shine at the Stack’s Bowers Galleries March 2020 Auction in California. Nearly three years after Part V of the D. Brent Pogue Collection hit the market, the most valuable coin collection ever sold cemented its grip on the record books with more than $15 million in additional sales. To date, the Pogue Collection has realized $122,012,480 for the coins and $131,298,560 total, including the paper money collection sold on March 19. Originally scheduled to be held in Baltimore, the auction was moved to the Stack’s Bowers Galleries headquarters in Santa Ana following the cancellation of all public events in the state of Maryland. With most bidders participating online, the 420 lots realized 104 percent of their pre-sale high estimates, which were determined well before recent economic difficulties. (All prices include the buyer’s fee.) While the Pogue Collection is renowned for its pre-1834 coins an