Jackson’s Liberty, Brasher Doubloon, Selling Unwanted Gold, U.S. Gold Coins Prices Rise

When the Sarah Polk First Spouse Gold Coin goes on sale tomorrow from the U.S. Mint, you can probably expect the uncirculated Jackson's Liberty to go off sale, according to the linked CoinNews.net article. It reports that in the past, the U.S. Mint discontinued the oldest coin in the series immediately before releasing the newest coin. The Jackson's Liberty coins were first issued on Aug. 28, 2008. According to CoinNews.net, the U.S. Mint reported that as of Sunday they've sold 4,754 of the uncirculated and 7,806 of the proof.

Information about a Brasher Doubloon has led to a lawsuit, and now the defendants filed a motion to dismiss. If the motion is denied, the case will move and potentially decide whether the plaintiff, William Swoger, should receive money for information he allegedly gave to the defendants, Donald Kagin and Steven Contursi, that their rare Brasher Punch-on-Breast Doubloon is actually the last coin in the series and not the first.

Selling unwanted gold sounds tempting if you listen to those gold buyers advertising on TV, but complaints against these gold dealers have risen. If you know anyone thinking of selling their unwanted old gold, tell them to read this story first. Fred Borgman explains the gold melt value, shows how to easily calculate it, and advises if the gold buyer offers less than 75% of the actual gold melt value then find another buyer. Some of this stuff is great knowledge for coin collectors too.

Can it be true? The Spanish government claims the US government is backing Spain in its fight to win the battle over the treasure found by Odyssey Marine Exploration in May 2007. Nearly 600,000 silver and gold coins were recovered by Odyssey from the wreck of the 19th century Spanish warship Nuestra Senora de las Mercedes.

2009 uncirculated coins are hard to find at a bank. As many of us have learned, the new US Territory Quarters have to be purchased directly from the U.S. Mint or from a dealer for much more than face value. In this article, one collector challenges, "Someone needs to ask the question 'why,' but no one will admit these coins are being manufactured for profit." The US Mint, on the other hand, contends that they "are not hustling coins."

Before closing for today, here's fresh news from the U.S. Mint. Minutes ago they increased gold coin prices. First Spouse Gold Coins went up $25. Ultra High Relief Double Eagle Gold Coins went up $50. Why did they rise? The average price of gold has risen to above $950 an ounce. Unfortunately for us collectors, that kicked in the new coin prices.

Here are some First Spouse Gold Coins on the secondary market:

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I hope to see you back here tomorrow!

KJ

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