Olympic Park Quarter, 2011 Coin Production

Welcome to Something About Coins! A new quarter-dollar from the U.S. Mint, the Olympic Park Quarter, entered circulation Monday, and 2011's coin production was on the rise. One of the world's largest collections of pre-Hispanic and colonial-era coins is reportedly at a new museum in Mexico City. San Francisco Mint news included its 1856 dated eagles. A piece of advice when selling coins is do your math, because 1200% more than face value may not be more than the coin's melt value. Enjoy!

Olympic National Park Quarter Bags, Rolls and Ceremony, coincollectingnews.org
The United States Mint announced that bags and rolls of the 2011 Olympic National Park Quarter will go on sale on Monday, June 13, at noon Eastern Time. Each 100-coin bag is $49.95 while the two-roll set, containing 80 quarters together, is $39.95 each. The Mint also said a coin forum will occur on the 13th, and the launch ceremony for the 2011 Olympic Quarter will be held on Tuesday, June 14, at 11 a.m. Pacific Time. The Olympic quarter is the third of the 2011 America the Beautiful Quarters and the eighth overall in the America the Beautiful Quarters® Program which ... Click for coin article

US Mint May 2011 Coin Production Surges, Grant $1 Mintages Revealed, coinnews.net
The amount of coins coming out of the United States Mint surged in May 2011, according to the latest coin production figures from the bureau. The totals were the highest of the year, the second best over the past twelve months, and revealed the final mintages for the Ulysses S. Grant Presidential $1 which launched into circulation May 19. The Mint pressed 807.41 million coins for circulation in May, topping the previous month by 26.1 percent and year ago levels by 22.9 percent ... Click for coin article

Mexico City Art Museum for World's Richest Man, intransit.blogs.nytimes.com
The richest man in the world now has a gleaming museum to house his extensive art collection. Carlos Slim Helú, the Mexican billionaire (and a major shareholder and creditor of The New York Times Company), named the Museo Soumaya, which opened in the Polanco neighborhood of Mexico City in March, after his wife, Soumaya Domit de Slim, who died in 1999 ... But the primary function of the museum (which is free to the public) is to display Mr. Slim's collection, which includes ... what the museum says is the world's largest collection of pre-Hispanic and colonial-era coins. Click for coin article

The 1856-S Eagle: A Study of Mintmark Varieties, raregoldcoins.com
I'd like to thank collector John Toffaletti for writing this interesting study of 1856-S eagles and contributing it to raregoldcoins.com for publication. I think you'll find it very interesting and it contains information that has never been published before. There appears to be new interest in the older gold coins from the San Francisco mint. This is especially true for the double eagles, but also for the other denominations. In searching the eagles from this period, I have noticed that the 1856-S comes in two very different mintmarks: a large S located farther to the right between the arrow feathers and the stem of the right ... Click for coin article

Coin Collecting: Knowing Your Decimal Points, brownwoodnews.com
Recently, over several days, I saw full page ads in the Ft. Worth Star-Telegram for one of those “we will buy your gold and silver coins and scrap jewelry” advertisements. It promised “1200% of face value” for silver coins minted before 1964. This ad is from a major dealer, the Dallas Gold and Silver Exchange. Wow—1200%! That's amazing, right? Maybe not. Let's review some basic math. If we convert the 1200% to a whole number, we must count over two digits to the left and insert a decimal point. 1200% becomes 12—that would be 12 times face value for your silver coins ... Click for coin article

Serial burglar went undetected by selling loot to coin stores, daytondailynews.com
A burglar accused of breaking into 37 area homes unloaded stolen gold and silver jewelry at area coin shops with no questions asked, according to police. While the state regulates pawn shops and has some reporting requirements for precious metal dealers, second-hand stores, coin shops, flea markets and most jewelry stores are exempt from any regulations. Pawn shop owners want that changed. “Anyone who advertises or promotes the purchase of precious metals should be licensed and follow the same requirements as pawn shops,” said Lou Tansky, president of the Ohio Pawnbrokers Association ... Click for coin article

Thanks for reading!


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