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March 11th, 2013

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Rare Coin News & Videos

Published and Distributed Weekly by CoinWeek LLC – The largest on-line source of independent Rare Coin/Currency News & Video.

Welcome back to CoinWeek. We expect a busy few days with the Whitman’s Baltimore Expo this week along with the Stacks Bowers auction… and Yes, CoinWeek will be there.

We are adding all sorts of new features to CoinWeek, and will continue to do so over the next several months. Here are just a few new features we have installed:

a BETA Language translator in 42 Languages

New Precious Metals Charts and live spot quotes, Take a look at the Bullion Page for a preview

Also we would like to recognize several NEW Advertisers to CoinWeek. Please make a point of visiting ALL our sponsors as they make everything we do possible, so welcome to CoinWeek- – AU Capital Management, Stacks Bowers, PCGS – Europe, Delcampe Auctions,Don Rinkor, Bozarth Numismatics, Steinbergs World Coins, Lyn Knight Auctions Thank You!

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The Fabulous Eric Newman Collection, Part 1

By Greg Reynolds

One of the all-time great collections was formed by Eric Newman, who is 101 years old and. Beyond a consignment of one hundred and sixty or so items from Newman’s “foundation” to the Heritage auction in April at the CSNS Convention in Illinois, it has not been revealed just how much of the Newman Collection will be auctioned and future consignments have not been finalized.

My present purpose, here in part 1, is to discuss an 1845 Proof set, an 1852 territorial gold piece, and U.S. Mint errors that will be sold by Heritage in April, and to provide some general background regarding Newman and his collection.

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CoinWeek on Fox Business News..Again

With Stuart Varney of Varney & Company

David spoke with Peabody Award winning host Stuart Varney about US Gold Coins, the current gold market, and continuing strong demand for physical gold.

Varney and Company is one of the premier financial news programs on television and is viewed by a nationwide audience weekdays between 9:20-11 AM/ET.

View the interview Here

Modern Coin Mart

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The Coin Analyst: U.S. Mint Raises Premiums on Precious Metal Coins as Metal Prices Decline

By Louis Golino

Last year the U.S. Mint saw its numismatic revenue decline by a third as a result of declining sales of gold and platinum coins due to higher underlying precious metal prices and strained collector budgets because of a still-struggling U.S. economy. Silver coins, on the other hand, continued to be profitable for the Mint, and their sales increased.

More Information Here

The Coin Analyst: Latest Developments at the U.S. Mint

By Louis Golino

On March 5 the U.S. Mint’s Michael White, who serves in the Mint’s Office of Public Affairs, provided some clarification regarding the issues discussed in my last column , which concerned the recent increase in premiums on gold and platinum numismatic coins at a time of declining precious metal prices.

He noted that non-metal costs at the Mint, such as labor and other costs, have indeed been rising recently, and that they played a role in the price increases. Additional details on which specific costs have risen will be provided later.

Full Article Here

Welcome to Another New Advertiser

Don Rinkor Rare Coins

From the Herb Hicks Files: The Illegal Ban on Gold Certificates

By Charles Morgan and Hubert Walker

In 1963, Coin World columnist and former ANA librarian Ted Hammer wrote about a coin dealer in Texas arrested for trying to sell a gold certificate. The dealer had run afoul of federal authorities who acted to enforce a thirty-year-old Executive Order outlawing private ownership of gold coins, bullion, and Gold Certificates.

At the time of publication, few in the numismatic community were aware that no crime had actually been committed. One reader did know, however, and he began a letter writing campaign that made the Treasury Department change its stance on collectors owning and trading Gold Certificates. That reader’s name was Herbert P. “Herb” Hicks.

Full Article Here

How To Succesfully Negotiate a Trade With Your Coin Dealer

By Doug Winter

You see a $25,000 coin in a dealer’s inventory and you really want it. The problem is you are short of funds and you are the sort of person who has made a promise to never take on debt to finance his hobby. Do you pass on the coin?

Maybe you don’t have to. My guess is that if you are a long-time collector you have at least $25,000 worth of coins in your collection that range from” junk” to” stuff” to “I kind of like this but it really doesn’t fit into my collection anymore.” I’d like to suggest that you can obtain that $25,000 coin by trading miscellaneous coins with the dealer in order to achieve your goal.

Full Article Here

Baltimore On Deck – Stack’s Bowers Sales Feature Strong Line Up

Jim Bisognani for NGC ……

High Grade Saints & World Gold Targeted. Lower Gold Spot Has Rejuvenated Collectors – Rare Black NGC Slab Scheduled For Auction On St. Patty’s Day.

March certainly came roaring in throughout the country. In fact, on three out of the four previous weekends we have had major snowstorms visit us here in New England. Each storm depositing well over a foot of the white stuff. As Old Man Winter still has his grasp on most of the nation, the fiscal climate remains clouded with uncertainty. Trepidation in regards to the long-term state of the US economy due to the so-called sequester, which went in to effect March 1, has only served to exacerbate the situation. Seemingly oblivious, the US stock market is enjoying near record highs and the precious metals have taken the back seat.

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Welcome to Another New Advertiser

Steinberg’s World Gold Coins