Welcome to Something About Coins! I've summarized a few recent coin articles below.
2009 fractional Gold Eagles sold out in less than a month, leaving just the one ounce version, which is being allocated. The one-half ounce, one-quarter ounce, and one-tenth ounce coins beat 2008 sales figures, and sales for two of the sizes rank fifth all-time, CoinNews.net uncovered. For the one-half ounce and one-quarter ounce versions, only sales in 1986, 1987, 1998 and 1999 were higher.
David Ganz analyzed the investment performance of the rare five 1913 Liberty Head Nickels on NumisMaster.com. The Olsen specimen will be auctioned at Heritage's U.S. coin auction at FUN in session # 3, which occurs on January 7. Ganz reported that the Olsen 1913 nickel was the first coin to ever sell for six figures, when it sold for $100,000 in 1972. He recounted some of the other five nickels' selling history, including the Eliasberg specimen that sold in 2003 for about $3 million. Then Ganz compared the famous nickels to traditional investments.
CoinLink.com posted a description of a Republic 50 Francos gold coin, "one of the most charismatic and intriguing coins of South America if not the world." Researchers argue about where the gold piece was struck - in Ecuador or the Paris Mint. The description said the coin's estimated value is $400,000 – $500,000. It will be auctioned at Heritage's Signature World Coin Auction on January 3rd at the Waldorf Astoria in New York.
Paul Green exposed how a coin's history affects price. It appears history is becoming an important factor in today's market. To make his point, he evaluated several million dollar coins, like the 1796 No Stars quarter eagle in MS-65 and 1794 silver dollar graded MS-64. Values of other interesting first issue coins provide support.
NewJerseyNewsRoom.com followed up on the Jesus Christ gold coin that Princeton University Numismatic Collection purchased earlier this year. The article said the ancient coin's obverse reads, "Jesus Christ, Lord, King of those Reigning," and the reverse has the Byzantine emperor's name, Justinian II, with an inscription of "Servant of Christ" instead of the usual designation. As you can imagine, the coin created quite a stir in the year 692, the article reported. The coin is illustrated online in Princeton's Numismatic database.
A few days ago, the Global Arab Network published an article online describing several unearthed treasures around the Damascus countryside, including ancient coins from various eras. There are thousands of archaeological sites within the area, and excavations have been going on for decades.
Thanks for reading. See you tomorrow!
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