Welcome back to Something About Coins! The U.S. Mint will launch their Yosemite 5 Oz Silver Coin on Thursday. The month of May turned out high sales of American Gold Eagles. Rare coin values have risen a pretty penny, per a report from Australia. It may be hard to tell the difference between a silver minted proof half dollar and a clad proof half dollar, and common pirate coins were typically pieces of eight. The Industry Council For Tangible Assets is fighting many coin-related causes. Read on for more information and enjoy!
Yosemite National Park Five Ounce Silver Uncirculated Coin, coincollectingnews.org
The United States Mint will begin accepting orders for the collector Yosemite National Park Five Ounce Silver Uncirculated Coin on Thursday, June 9, at noon Eastern Time. Initially, there will be a one coin per household limit for the first week of sales. Like the previous two coins in the America the Beautiful Five Ounce Silver Uncirculated Coin series, the Yosemite silver coin was struck in 2010 and the mintage has been set to only 27,000. If sales go anything like they did for the Hot Springs and Yellowstone silver coins, high-volume is expected both on the Mint's website and by phone during the first ... Click for coin article
May 2011 American Gold Eagle Bullion Coin Sales High, but Slower, coinnews.net
While still impressively high, demand for American Gold Eagle bullion coins weakened in May 2011, according to finalized monthly sales figures from the United States Mint. Sales were modestly slower than the previous month, and down significantly from the levels of a year ago — although May 2010 happened to be a gigantic month as gold bullion sales had reached their highest point since June 1999. United States Mint buyers ordered 107,000 ounces of bullion Gold Eagles last month, making it the third best May ever for the series which debuted in 1986. Available from the Mint in four sizes ... Click for coin article
Coin values soar, smh.com.au
Times may be tough but you wouldn't know it at the top end of the investment coin market. Earlier this year, Belinda Downie of Coinworks sold a 1930 penny for an amount she will only say was above the $1.5 million mark. Whatever it was, it was a record. The current market valuation is $1.65 million. This, of course, is no ordinary coin. Apart from having the magical 1930 date, it is one of only six proof pennies minted that year. Three of these ended up in private hands. The one sold by Downie is identified as the Hagley proof. ''These proof pennies were never intended for circulation but instead created as museum pieces,'' Downie ... Click for coin article
Silver: yes or no?, numismaticnews.net/buzz
I had a phone call yesterday from someone who works in the numismatics business buying silver coins for melt value. His immediate dilemma was a 1993-S proof half dollar. He wanted to be sure that the silver weight was identical to the old pre-1965 standard. He was chagrined to learn that there were also 1993-S copper-nickel clad proof half dollars. (This is true of all proof half dollars since the 1992-S.) Instead of just confirming a weight, the conversation evolved into a discussion of how to tell the difference between valuable silver coins and cheap copper-nickel. If the coins are not in their original ... Click for coin article
Rufus Ward: Pirate coins of the Caribbean, cdispatch.com
The current box office hit is the movie, "Pirates of the Caribbean: On Stranger Tides." As in all pirate movies, the pirates seek silver coins called "pieces of eight." A piece of eight was an actual Spanish silver coin. Several of them have been found in Columbus and along the Tombigbee. The Spanish silver dollar minted in Mexico and South America from the 1600s to the early 1800s was called an 8 real coin. The term real coin referred to the silver coin being a royal coin. At first it was one large coin that would be cut into 8 pie-shaped wedges to make change. Later smaller coins of 1/2, 1, 2 and 4 reals ... Click for coin article
Interview: ICTA Focused On Sales Taxes, Precious-Metal Coin Counterfeiting, kitco.com
The Industry Council For Tangible Assets teamed up with a slew of other business organizations to put out a major fire this spring–controversial Form 1099 reporting requirements–but the group still has plenty of other raging brush fires to extinguish. The trade association for the rare coin, precious metals and tangible assets industry is fighting sales-tax efforts on a number of fronts. The group is also pushing for enforcement or measures to halt counterfeit Chinese coin sales in the U.S., is urging for appointment of a director of the U.S. Mint with the background necessary to help solve some of the problems ... Click for coin article
Thanks for reading!
