Welcome Back to Something About Coins! It was an exciting day for news about coins. Below are the summaries.
It looks like the U.S. Mint will increase prices for gold collector coins Thursday. The Mint determines its gold coin prices based on the weekly London Fix gold average, which rose to $1,100 today. CoinNews.net reports, "Had the price been one penny lower, the 5-day gold average would have come in at $1099.99 and prices would have remained unchanged." It's a tough break for anyone buying new gold coins for the holidays. The possible price change will effect the UHR Double Eagles and Buffalo Proof Coins by $50 and the First Spouse Coins by $25.
About.com broke the news that the U.S. Mint issued a Consumer Advisory warning about counterfeit coins earlier today. The advisory can be found at http://usmint.gov/consumer/?action=hotitems#bmImitation1950. It warns the fake coins are dated prior to 1950, and the alert includes a picture of a Morgan Dollar. About.com has several stories educating the public about counterfeit coins.
A viewpoint article on NumisMaster.com warns collectors to educate themselves about defective and cleaned coins before collecting coins for a profit. It says buying coins unseen, even from major firms, is no guarantee the coins haven't been cleaned or tooled. It also recommends getting your coins certified.
A coin dealer in Clifton, NJ announced that he is going to put 107 rare coins back into circulation. Jeff Angello, of American Coin & Stamp Company, is spending these special coins, which are worth a few dollars as face value but about $4,000 in the coin market. The press release says the purpose is to show appreciation for their customers and create more interest in the hobby. One of the famous coins being put back into circulation is a 1955 Double Die penny. So if you live in the Tri-State area, you definitely should check your change!
If you live around Jerusalem, you can go see a rare collection of ancient Jewish Revolt coins at Jerusalem's Archaeological Garden. There are about 70 coins being exhibited that were excavated from below the Temple Mount. One coin in particular was minted around the time of the Second Temple's destruction nearly 2,000 years ago. Also in the exhibit are some coins minted in Europe, North Africa and Persia from various periods and were also found around the holy site. This collection of antique coins was discovered over the last 30 years.
If you live around Sumter, SC, then you can see some unique coins, including rock money, this Saturday at the Carolina Coin Club of Sumter coin show. According to a news article, Don Cann will give a presentation about his extensive world money collection, which includes shell and feather money, G'ieng, jade money, and Chinese knife money.
Finally, if you live around Washington, DC, then you probably know about tomorrow's new Lincoln Penny Launch. Don't miss it!
Thanks for reading. Thank you, Veterans, for everything. Have a good day and see you tomorrow!
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