Welcome to Something About Coins! The U.S. Mint will be busy this week launching their Yellowstone 5 oz silver uncirculated coin and proof American Buffalo gold coin. The Austrian Mint kicked up their silver coin production. A review of the Heritage Platinum Night auction on April 28 follows, and China's 10-kilogram gold coin sold over the weekend. Reportedly, 1 in 36 UK coins are fake.
Enjoy!
US Mint 2011 Product Launches from May 17 to 19, coinnews.net
The United States Mint this week will issue several collector products between Tuesday, May 17, and Thursday, May 19, that include very recognizable names. The products up for release are the Yellowstone National Park Five Ounce Silver Uncirculated Coin, the Proof American Buffalo Gold Coin, and 25-coin rolls of Ulysses S. Grant Presidential $1 Coins. 2010-P Yellowstone National Park Five Ounce Silver Uncirculated Coin – May 17 The 3-inch, 5-ounce, Yellowstone silver uncirculated coin for Wyoming will launch Tuesday, May 17, at an expected price of $279.95. Limited to a mintage of 27,000 with ... Click for coin article
Silver ‘Boom’ Continues at Austrian Mint, Gold Demand Retreats on Price, bloomberg.com
Muenze Oesterreich AG, the Austrian mint that makes the best-selling gold coin in Europe, expects silver coin production to rise by up to 36 percent in 2011, Chief Executive Officer Gerhard Starsich said. The mint will produce up to 15 million 1-ounce silver coins in 2011, up from 11 million last year, Starsich said in response to Bloomberg questions today in Vienna. The mint sold a record 903,047 of its top-selling 1-ounce Philharmonic gold coins last year, Starsich said, without giving a forecast for the current year. “Silver continues to boom while gold has retreated a little bit because of the price,” Starsich said ... Click for coin article
Unfinished in more ways than one, blog.numismaticnews.net
I received a cent in change yesterday that startled me. It was part of a handful of coins totaling 84 cents that was due me as change from a $5 bill for a $4.16 purchase. It was the fourth Lincoln cent design of 2009 honoring Lincoln’s Presidency. The reverse depicts the U.S. Capitol with the unfinished dome, which was under construction during the Civil War. The coin was placed in my hand with the reverse side up, so the Capitol design is what I saw first. Here we are a year and a half after the design was created and I am wracking my brain trying to remember if I have ever received one of these in change ... Click for coin article
The strong market for classic Proof U.S. coins, coinweek.com
The Heritage Platinum Night auction on April 28 was led by gold coins, with classic U.S. Proof gold coins achieving the six highest prices in the sale. The auction was held in conjunction with the Central States Numismatic Society convention, held in Rosemont, Ill., April 27 to 30. The second highest price was $230,000 for an 1860 Coronet $20 double eagle graded Proof 64 cameo by Numismatic Guaranty Corp. The last time it crossed the auction block was in 2004, when it was housed in a Professional Coin Grading Service Proof 63 cameo holder and realized $94,875. That coin, along with many others in ... Click for coin article
China's largest and heaviest gold coin auctioned for $1.18 million, economictimes.indiatimes.com
A 10-kilogram gold coin, the largest ever minted in China, has been auctioned for 7.70 million yuan (about $1.18 million) in Beijing , Xinhua reported. The large coin was auctioned off by China Guardian Auctions Co. Ltd. after 22 rounds of bidding Saturday. Minted in 2000, the coin is the heaviest gold coin minted ever since the Chinese government started minting gold and silver coins in 1949, said Guo Xueguang, manager with the philatelic items and coin department in Guardian Auctions. The coin is 99.99 percent gold, with a par value of 30,000 yuan. It combines both traditional and modern markings ... Click for coin article
Fake coins in the UK on the increase, allvoices.com
Would it surprise you to read that, if you receive a handful of £1 coins in the UK, the odds are one or two will be fakes?. Pound coins are relatively small and light which is probably one of the reasons these coins are easy to counterfeit. However, many of the fakes have some obvious differences. Well, obvious if you know what to look for. The head of the coin has the Queen's head on it and the tail a symbol. Both of these should match up when the coin is examined on both sides. If you hold a £1 coin so that the Queen's head is upright and the image on the other side is horizontal ,you have a fake coin ... Click for coin article
Thanks for reading!
