Welcome back to Something About Coins! The U.S. Mint cut their price on the one ounce 2011 American Platinum Eagle coin. Advice for buying gold coins and avoiding counterfeit coins is discussed below. Unique edges given to certain coins, the story of the 1787 Fugio Cents, and new releases from The Perth Mint are also linked in today's coin blog. Enjoy!
US Mint Cuts Proof American Platinum Eagle Price by $100, coinnews.net
The United States Mint today reduced the 2011 Proof American Platinum Eagle price by $100. The Platinum Eagle launched on May 27 for $2,092.00. It is low listed for $1,992.00 on the Mint website at http://catalog.usmint.gov. The United States Mint each Wednesday will calculate changes in precious metals over the previous seven days and, if necessary, adjust the price of its collector coins composed of gold or platinum. When the 2011 Proof American Platinum Eagle was released in May, its price was fixed based on an average of platinum that fell between $1,750.00 and $1,849.99 an ounce. The latest ... Click for coin article
What You Need to Know Before Buying Gold Coins, moneymorning.com
If you believe those late-night infomercials, radio-talk-show hosts or even those stunning sales figures for Gold Eagles, buying gold coins is a slam-dunk strategy for lasting wealth. Just last month, for instance, U.S. Mint buyers ordered 107,000 ounces of bullion Gold Eagles - the third-best May in the series' 25-year history. And this soaring interest in yellow-metal coinage isn't limited to the U.S. market. Take India, where the State Bank of Travancore announced in late April that a program to sell gold coins through five of its branches would be expanded to 60 branches in a single months' time. In fact, as one ... Click coin article
Chasing the Counterfeit Menace, numismaster.com
Have we finally reached that point when some counterfeit coins are so “good” that they defy detection and are accepted as genuine by everyone – at least for a while? I have asked this question before because it has happened. Coins are just metal objects authorized by government and recognized as a medium of exchange. Generally they have been produced in factories called mints. As such, they have certain attributes such as weight, size, color, fineness, shape, etc. Up until the mid 1970s, most fakes could be easily spotted by numismatists because they were out of tolerance in some regard. Things have ... Click for coin article
Third side of the coin called edge, numismaticnews.net
Heads or tails? Obverse or reverse? When studying a coin, remember – the edge is the third side of the coin. Interesting things can be found on the edges of coins, and a dedicated type collector can even assemble a type set of edges. Collectors, new and experienced, are familiar with the plain and reeded edges of coins. Current cents and nickels have plain edges. Dimes, quarters and half dollars are reeded. Dollars have lettered edges. Perhaps non-collectors have noticed the different edges too. But different devices have been used on the edges of coins, dating back to Colonial times. Some Washington pieces ... Click for coin article
Deciphering a Message - On a 200 Year Old Coin!, pcgs.com
Benjamin Franklin, one of America's smartest and most powerful men, gave this sound advice to the American population: "Mind Your Business." Franklin put this phrase on the 1787 Fugio Cents. When he did this, he was well aware that these words would forever be on the first official coins issued by the Original 13 states, indicating that he must have felt very strongly about this phrase. So, what did he really mean by "Mind Your Business?" Many interpretations have been offered over the years and in this article, we will attempt to decipher his message. The phrase Mind Your Business means just that, to mind ... Click for coin article
Just When You Thought It Was Safe To Go Back In The Water - Along Comes The New 2011 Deadly & Dangerous Silver Coin!, eurocollections.blogspot.com
The Perth Mint has released the latest in the hugely popular Deadly and Dangerous series - with 2011 being the year of the Box Jelly Fish! Struck on commission, this series has seen such nasty creatures as the Red Back Spider, Great White Shark, Blue-Ringed Octopus, Saltwater Crocodile and Brown Snake immortalised on 99.9% fine silver coinage! Carrying on the tradition of high quality Proof silver coins enhanced with stunning full-colour struck using the Perth Mint's state-of-the-art minting and printing technologies, the D&D Box Jelly Fish 1oz silver release is sure to follow the incredible demand of it's ... Click for coin article
Thanks for reading!
