Coin Update News Archives

Archive for February 2010

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Gettysburg Campaign Gold, Silver, and Clad Commemorative Coins Proposed

Gettysburg Campaign Gold, Silver, and Clad Commemorative Coins Proposed

A bill has recently been proposed in the Senate, which seeks to authorize commemorative coins issued in 2013 for the Gettysburg Campaign. The coins would include $5 gold, $1 silver, and clad composition half dollars which specifically commemorate the Invasion of Pennsylvania, the Battle of Gettysburg, and the Gettysburg Address.
The bill S. 3009 The Gettysburg [...]

How “The Little Guy” Can Profit in Manipulated Gold and Silver Markets

How “The Little Guy” Can Profit in Manipulated Gold and Silver Markets

As the gold and silver price suppression tactics of the US government and its trading partners become more blatant and predictable, that enables smaller investors to take advantage of the patterns for financial benefit.
Here is a real life example that occurred for one of our customers in the past two days.  Every month, in the [...]

Proof Like 2009 Ultra High Relief Double Eagles Fetch Big Premiums

Proof Like 2009 Ultra High Relief Double Eagles Fetch Big Premiums

Last year the United States Mint released one of their most anticipated products in years, the 2009 Ultra High Relief Double Eagle Gold Coin. The coin is a digitally reproduced version of Saint-Gaudens’ original 1907 ultra high relief $20 gold piece, which is viewed as one of the nation’s most beautiful coins ever minted.
The Ultra [...]

US Mint Offers 2010 American Veterans Disabled for Life Silver Dollars

US Mint Offers 2010 American Veterans Disabled for Life Silver Dollars

Today February 25, 2010, the United States Mint began sales for new commemorative coins issued to honor disabled American Veterans. The silver dollar coins were authorized under Public Law 110-277, which was signed into law on July 17, 2008.

The obverse of the 2010 American Veterans Disabled for Life Silver Dollar was designed and sculpted by [...]

US Mint Raises Prices for Collectible Gold Coins

US Mint Raises Prices for Collectible Gold Coins

The recent increase in the price of gold has prompted the United States Mint to raise prices for available numismatic gold coins. Under a pricing policy adopted in early 2009, the prices for numismatic gold and platinum coins may be adjusted as frequently as once per week, in response to changes in the underlying price [...]

Is 2009 the Last Year of Satin Finish for US Mint Uncirculated Coin Sets?

Is 2009 the Last Year of Satin Finish for US Mint Uncirculated Coin Sets?

A widely viewed home shopping program focused on coins has repeatedly claimed that 2009 will be the last year that the United States Mint will use the “satin finish” for coins included in the annual Uncirculated Coin Sets issued for collectors. This rumor has spent some time in circulation around the internet, with the only [...]

Submitting Coins to PCGS and NGC

Submitting Coins to PCGS and NGC

Editor’s Note: This is a three-part article about direct and dealer submissions to the top two third-party coin grading companies, with the first installment covering the basics; the second, direct PCGS submissions; and the third, dealer NGC submissions.
Hobbyists and investors pay premiums for coins encapsulated by Professional Coin Grading Service and Numismatic Guaranty Corporation, but [...]

Consumer Confidence Plunges, Comex Gold Options Expiration

Consumer Confidence Plunges, Comex Gold Options Expiration

With all the volatility in the gold and silver markets in the past week, I concluded that meant that some really horrible financial news was looming.  Today, the first of what I expect will be several revelations was made public.
The Conference Board reported their monthly Consumer Confidence Index today at 46 (1985 = 100).  That [...]

US Mint Sales: Millard Fillmore Dollar Rolls Debut

US Mint Sales: Millard Fillmore Dollar Rolls Debut

The newest weekly sales report of the United States Mint’s numismatic products includes the debut of the 2010 Millard Fillmore Presidential Dollar Rolls, as more 2010-dated products continue to be added to the Mint’s current offerings.
The 25-coin rolls from the Philadelphia or Denver Mint went on sale February 18, 2010. The US Mint has sold [...]

2010 Lincoln Cent Exchanges in Washington DC on February 25

2010 Lincoln Cent Exchanges in Washington DC on February 25

Washington, DC area coin exchanges for the newly designed 2010 Lincoln Cent have been rescheduled for February 25, 2010. The exchanges had previously been scheduled to take place on February 11, 2010, but were canceled due to a fierce winter storm that had closed down federal agencies for much of the week.

Although the Washington DC [...]