Coin Collecting News

Monday
8 September 2008

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{Tag Archives} Susan's Coins Blog

U.S. Mint Price Gouging - Susan’s Coins Blog

Although the U.S. Mint has been listening and communicating better this past couple of years, I think they’re getting way too greedy in their product mark-ups.

Take, for example, the Jackson First Spouse half-ounce gold coin: the Mint is selling the Proof version for $619.95. (The Uncirculated version is $20 less.) On August 28, 2008, the day the Jackson First Spouse coin went on sale, NY gold closed at $833.70 per ounce. This makes the NY spot price of a half-ounce of gold $416.85 on that day.

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Review of L&C Coins - Susan’s Coins Blog

In the latest entry into my series of coin dealer reviews, I made a purchase from L&C Coins. They are a major advertiser in coin collecting-related magazines, and they were suggested by a couple of readers, so I watched L&C’s ads for a few weeks until I found something I thought I’d like. L&C’s big “pitch” is that everything is priced “below wholesale.”

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Loonies and Toonies - Canadian Dollar Coins - Susan’s Coin Blog

I have just returned from a wonderful 10-day trip to Nova Scotia and the Canadian outback, and as a dedicated numismatist, I couldn’t help but observe the way that the Canadian populace dealt with their money, particularly their coins.

Canada has pretty much the same denominations that the U.S. has: Cents (that don’t buy much, and which nobody picks up off the ground just like in the U.S.,) Nickels, Dimes, Quarters, Dollars (called “Loonies” because the standard design depicts the bird called a Loon,) and Two-Dollar bi-metallic coins (called “Toonies,” apparently named in honor of the One Dollar coin of which Canadians are very fond.)

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How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins? - Susan’s Coin Blog

Question: How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins?

Coin fraud is an unfortunate reality in the coin collecting marketplace, but you can avoid buying fake silver coins, and avoid coin fraud in general, by learning how to spot fake coins. We will use a fake Silver Eagle to demonstrate some easy steps to avoid buying fake coins.

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U.S. Mint’s Direct Ship Program a Wild Success! - Susan’s Coin Blog

On June 11, 2008, the U.S. Mint announced a new program meant to promote the circulation of Presidential Dollar coins. Customers could purchase the coins directly from the Mint at face value, in lots of $250 or $500 worth, with free shipping.

Savvy collectors quickly jumped on this amazing offer, using their 3% to 5% cash-back credit cards to make the purchases, further lowering their costs. Although you couldn’t select which Mint the coins came from, (they’re all coming from Philadelphia according to reports I’ve heard and my own experience,) they do come in wrapped rolls…

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