Welcome back to Something About Coins! My site is a work-in-progress right now, so please be patient as I continue to make changes. Hopefully, it'll all look great when completed. Speaking of great, there were several great articles today, so I had some trouble picking out which ones I was going to do.
This article was an easy choice. Are U.S. Mint Gold Coin prices going to rise? It seems that way, from an article on Coinnews.net. The 2009 gold collector coins being sold by the mint right now are UHR Double Eagle Coins and First Spouse Gold Coins. The pricing policy of the U.S. Mint is basically looking at the average gold price on the London Fix to determine whether it will adjust its gold coin prices. For the past week, the price of gold has been above $1000 an ounce, which is in the next pricing tier on the mint's product price chart.
Taking advantage of the high gold prices were three alleged con men trying to sell a hoard of counterfeit Canadian Maple Leaf coins. It's reported that they hit multiple jewelry stores around New Jersey showing one real gold coin, claim to have more, then sell a stash of counterfeits for cash. The men supposedly racked up more than a million dollars on the scam.
Now let's talk about a reputable sale. CoinLink.com posted an article about a gold 1906 Indian Head Cent. This unique gold error coin is part of Stack's big auction starting tomorrow at the Whitman Coin & Collectibles Philadelphia Expo. It appears the cent was struck on possibly a quarter eagle planchet. According to the article, only a few gold Indian Head cents are known in various dates.
A recent auction worth bringing up is one with an extensive Hawaiian coin collection. Coin Values explains why Hawaiian coins are often collected and showing a strong market right now.
Yesterday, I mentioned ancient coins when I passed along two articles discussing unfair coin import restrictions. If you'd like to learn about how to start an ancient coin collection, this might help. Last week, David Vagi, Director NGC Ancients, wrote a bare bones article on the subject. In it, he starts with the definition that ancient coins are coins struck between about 650BC to AD 480 in a particular geographical area. He moves on to varieties, what they're worth, and what kind of set you might build.
Thanks for reading! I'll have more articles tomorrow!
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