Welcome back to Something About Coins! The U.S. Mint will probably raise their prices for First Spouse Gold Coins. Also, David Ganz and Steve Roach both weigh in on PCGS's changes.
First Spouse Gold Coin Prices Set to Increase, CoinNews.net
Gold prices have been on the rise, with the London Fix jumping 2.9 percent this month and sustaining an average of over $1,150 an ounce during the last week. $1,150 per ounce is not only a psychological level for investors, but a threshold point the United States Mint watches. Unless Wednesday’s AM Fix drops below $1,127.25 an ounce, the Mint will raise the prices of all First Spouse Gold Coins by $25, matching the highest prices ever seen for the 1/2 ounce, 24 karat coins. Although gold is slightly down ... Click for coin article
Change to Grading Means New Day, NumisMaster.com
News that the Professional Coin Grading Service and Numismatic Guaranty Corp. have created a new “plus” grading system, and announced that they have computer technology to recognize resubmissions, is really the “Big One,” which David Hall, a co-founder of PCGS, promised would revolutionize the way that coins are bought and sold. It seems likely to. Not only is the technology patented, or patent-pending, but what initially was supposed to be a PCGS-only announcement broadened to cover most of the ... Click for coin article
PCGS's Secure Plus tier, CoinValuesOnline.com
Last week's market analysis focused on the possible market impact of the new "plus" grade at Professional Coin Grading Service and Numismatic Guaranty Corp. This week we will focus on the second prong of the PCGS announcement of Secure Plus. Specifically, Secure Plus uses digital technology to capture a unique "fingerprint" of each coin, to be entered into a permanent data base. The system is supposed to catch whether a coin has been artificially toned or processed in an effort to get a higher grade, also called ... Click for coin article
Build your own grading set of coins, NumismaticNews.net
So, your Buffalo nickel collection is shaping up. Each coin was selected for its condition, eye appeal and a strong strike whenever possible. With each new addition, you became more interested in Buffalo nickels, and you enjoy your set to the point where you are purchasing detailed books and guides to the series. Specialists in the Buffalo nickel series know how tricky grading can be. Why not expand your set to include a grading set, one specimen in each grade? Building such a set can be fun and challenging, as well as ... Click for coin article
Rupee's makeup altered to stop coins being melted for scrap, TheNational.ae
A change in the metallic content of coins has shown excellent results in the fight against coin smuggling, which has been a scourge to small businesses for years, authorities at India’s central bank said yesterday. The "vanishing" coins were first noticed in eastern India in 2007 when police reported that millions of coins made with ferritic stainless steel were being sent across the border to Bangladesh by smugglers. The coins were then melted down and turned into razors or jewellery and sold for big profits. "For many years ..." Click for coin article
Thanks for reading!
