Welcome back to Something About Coins! Here are a few brief tidbits from coin news on the web right now.
AfricaNews.com said South Africa unveiled their new quarter ounce 2010 World Cup gold coins. The coins feature an image of Soccer City, the football venue hosting the first and final matches of the 2010 FIFA World Cup.
The U.S. Mint has revised its 2008 American Buffalo Proof Coins sales figures, reported Numismatic News. Fractional sizes of the gold coins were dramatically changed without explanation.
Sales for the 2009 American Eagle Gold Bullion Coins shot up last week, CoinNews.net stated in an article today. In fact, more 2009 gold eagles have already been sold than last year's 2008 gold eagles, and there's still another month left to sell. It said 46,000 were sold last week, making the new total for the year 1,176,000. In yesterday's Buzz with Dave Harper, the mint is reportedly going to keep selling the 2009 gold bullion eagles through the end of the calendar year.
CoinValuesOnline.com featured an article illustrating how dipping a coin can dim its value. A light toned 1893-S Morgan dollar in MS-67 by NGC was sold in 1988 for $357,500. The same coin showed up at a recent auction and was described as bright white, but it did not sell.
Last week, Richard Giedroyc described the money laundering scheme for Chinese counterfeit coins in an article posted on Numismaster.com. According to the report, families and townspeople are working together to spend or sell the counterfeit Chinese money in places where the population is mobile and cash is used in high quantities.
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