May 17, 2012

Multi-Ply Plated Steel for U.S. Coins?

Cent and Nickel

On April 17, 2012, the House Subcommittee on Domestic Monetary Policy and Technology held a hearing entitled “The Future of Money: Coinage Production.” The hearing was held in relation to two bills H.R. 3693 and H.R. 3694 introduced by Rep. Steve Stivers, which seek to require the cent and nickel to be made from steel. [...]

House Passes Bill for Mark Twain Commemorative Coins

Mark Twain Gold coin

On April 18, 2012, the House of Representatives passed H.R. 2453: Mark Twain Commemorative Coin Act. This bill would require the Secretary of the Treasury to mint gold and silver coins in commemoration of Samuel Clemens, better known to the world as Mark Twain. The bill had been introduced on July 7, 2011 by Rep. [...]

eBay Announces Changes to Listings Policy for Coins

NGC Graded Coin

eBay.com has announced an update to its coins policy, which will impact new listings and re-listings in coin categories starting on May 30, 2012. Under the updated policy, listings for coins will be allowed to include a numerical grade in the title or item description only if the coin grading company meets certain objective standards. [...]

US Mint Sells More Than 6 Million Chester Arthur Dollars

Chester Arthur Presidential Dollar

When discussing the suspension of production of Presidential Dollars for circulation, Vice President Biden said, “Nobody wants these things, and if they don’t want them, we shouldn’t keep making them.” Apparently, somebody does want them. The US Mint has received orders for more than 6 million Chester Arthur Dollars in less than two weeks. Although [...]

Estonia’s Numismatic Past and Present at the Bank of Estonia Money Museum

Museum Tower

Estonia, one of the three Baltic republics tucked away in the northeastern corner of Europe, just south of Finland, has one of the most colorful numismatic pasts for both its size and history. Having only gained their independence as a republic in 1918, this status was sadly short-lived after the conclusion of the Second World [...]

US Mint Begins 2012 Proof Silver Eagle Sales

2012 Proof Silver Eagle

Today April 12, 2012, the United States Mint has started sales of the 2012 Proof American Silver Eagles. The release for this year’s coin comes more than two months earlier in the year than the prior year release. The obverse design of the American Silver Eagle features a full figure depiction of Liberty walking confidently [...]

US Mint Sales: New Products Make Their Debut

Chester Arthur Dollar

After several quiet weeks, some new products make their debut on the latest US Mint numismatic product sales report. During the period covered by the report, the Mint began sales of bags and rolls of Chaco Culture National Historical Park Quarters and rolls of Chester Arthur Presidential Dollars. On April 2, 2012, the US Mint [...]

US Mint Circulating Coin Production Shifts to Lower Denominations

Penny and Nickel

While Canada recently made headlines with their decision to eliminate their “penny” or one cent coin, the United States has increased production for their smallest denomination. For the first quarter of the year, the United States Mint struck 1.37 billion cents, an increase of 27.75% compared to the year ago period. Production of the nickel [...]

1893 Isabella Quarter Dollar

Isabella Quarter

The second commemorative coin issued in the United States recognized the same event as the first, although it was a smaller denomination, served a different purpose and experienced considerably slower sales. This is the 1893 Isabella Quarter Dollar, which is the only quarter dollar commemorative ever issued by the United States Mint. Issued in conjunction [...]

Deep Cameo vs. Mirror

1885 Morgan Dollar

Do you know your Cameos from Mirrors? Cameos have to do with proofs, and Mirrors with mint state. Cameos are an especially important condition with Franklin Half Dollars, and mirrors with Morgan dollars. So let’s use those denominations as examples and acquaint ourselves with how the top grading companies distinguish their various designations–Cameo Proof, Deep/Ultra [...]