Rare Coin News for June 27 – July 3, 2010

What’s New This Week……….

Greg Reynolds Weekly Column has been posted on Coin Rarities & Related Topics. This week he looks at three coins to be auctioned in Boston in August. Bowers and Merena will offer an 1870-S silver dollar and an 1854-O Double Eagle ($20 gold coin) and Heritage will put an 1817/4 overdate half dollar ‘on the block.’.

In the first installment of Doug Winter’s New Series “Smart Collecting 101” he discussed the “coin churn” and how to avoid it. One reader made a great suggestion for the second topic which involves buying the “wrong” coin and if there is ever a right time to buy a coin that you clearly know is not optimal for your collection.

An $18 million display of two rare Double Eagles accompanied by Boston-related early Americana will be one of the exhibit highlights in the Museum Showcase area at the American Numismatic Association World’s Fair of Money convention in Boston, August 10 – 14, 2010. The coins in this first-ever display are the finer each of the two known 1861 Philadelphia Mint “Paquet Reverse” gold $20, graded NGC MS67, and 1921 Proof Roman Finish Saint-Gaudens Double Eagle, graded NGC SP64.

The NIA is pleased to announce the release of its first ever update to its unbiased reviews of the major online sellers of gold and silver bullion. NIA decided to award Gainesville Coins with our “NIA 2010 Best Bullion Award“. Gainesville Coins is the highest rated company in our review with prices for precious metals that are the lowest out of all the companies in our review.

Professional Numismatists Guild (PNG) member-dealers have been assisting the news media in their continuing investigations of several gold-buying companies that move from community to community across the United States. One of the buyers offered only $60 — significantly less than even its bullion melt value — for a 1925-D Indian Head $2.50 gold coin certified NGC MS66 and valued at $10,000 by PNG experts.

Heritage will be offering one of only two known 1915 P50C Panama-Pacific Half Dollars struck in Gold (Judd-1960 PR64 NGC) during the Boston ANA Signature Sale in August Lot # 13007. The design is the same as the regular-issue 1915-S Panama-Pacific commemorative half, but lacking the normal S mintmark. Struck in gold. One of Only Two Known !

NEW & UPDATED – Our coverage of rare coin and currency news has expanded with Tim Shuck taking over as Editor of Coin News Daily. This is a special section of CoinLink where we scour the web for items of interest related to numismatics and post a short excerpt and link to these “off site” resources.

We have also made changes to The Bullion Report with daily news and article updates, and a monthly analysis of the “Premiums Over Spot” for Gold and Silver Bullion products.

View all the latest rare coin news here