July 19, 2011 | Vol. 11 Number 15
PCGS
Collectors Club Price Guide PCGS CoinFacts Services Set RegistrySM
Gold Surges Forward
By Don Willis

As I write, gold is trading at just over $1,582 per ounce. If this holds, today will be the ninth consecutive day of price increases and gold will have increased just under $100 per ounce during that time.

Why is gold on such a tear? Many market watchers believe that on top of a generally weak and uncertain economic picture, the prospect of the U.S. Government defaulting on its debt or having its credit rating lowered has ratcheted the level of uncertainty up to a new level. The prospect of what might happen in the financial market is driving more and more assets into the relative safety of precious metals. The next few weeks will be very interesting!

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(For eCollector Subscribers only)

In each issue of eCollector, we randomly draw a name from our subscribers.

The winner in this issue will receive a 1871-S Seated Liberty Half Dollar in a special PCGS holder indicating eCollector issue #71. Check the next issue to see if you won. Good luck!

Last week's winner was Dino Uys from London, UK. Congratulations Dino!

View list of all past winners.

Offer good while supplies last, and may be altered or cancelled by PCGS at any time.
1991 Chinese Panda Coin Realizes an Astonishing $1.6 Million!
By Mike Sherman

A 1991 Chinese Panda 10,000 Yuan coin brought an incredible $1,600,000 in an April 30 auction conducted by Taisei Auction Company in Tokyo. The 5 Kg (176.37 ounce) coin is one of only ten struck to commemorate the 10th anniversary of the first Panda gold coin.

The coin has a diameter of 150 mm (5.9 inches) and features the Temple of Heaven on the obverse and the designs of all previous Panda issues (1982-1991) on the reverse.

Accompanied by the original box and certificate of authenticity bearing certification No. 006, Read More...

The Unique 1976 Philadelphia Eisenhower Dollar
By Jaime Hernandez

The 1976 (Type 2) Proof Bicentennial Eisenhower Dollar coin without an "S" mint mark is probably the rarest non-error modern coin in existence. Incomprehensively, all other known 1976 Bicentennial Proof Eisenhower dollars bear an "S" mint mark as they were all produced at the San Francisco Mint.

On October 18, 1973, the U.S. Mint held a design contest offering a $5,000 reward for each design chosen for the new 1976 Bicentennial quarter, half dollar and one dollar coins. Read More...

PCGS Updates Show Schedule
By Don Willis

Effective in 2011, PCGS will be offering onsite grading at all three ANA shows throughout the year. Onsite grading at the summer FUN show and at the Silver Dollar show will be discontinued. PCGS will attend both the FUN and the Silver Dollar shows and will be accepting take-home submissions for grading back at our office. Below are the next three shows PCGS will be attending. For a complete listing, click here.

PCGS Members Only Show - On-site grading
July 20-23, 2011 Las Vegas, NV
ANA World's Fair of Money - On-site grading
August 16-20, 2011 Rosemont, IL
Long Beach Coin Stamp and Collectibles Expo -
On-site grading
September 8-10, 2011 Long Beach, CA
Mike Faraone Counterfeit Detection videos coming soon to PCGS Store.
Watch preview!
Fort Knox Gold
By Don Willis

The Treasury department tells us that we have just over 147 million troy ounces of gold stored at Fort Knox. At today's prices that's worth approximately $233 billion - not nearly enough to cover the federal government's current debt of $14.29 trillion. Interestingly, today's gold holdings are far less than the 650 million ounces held back in 1941.

The U.S. holds more gold than any other country. The gold stored at Ft. Knox is held in 368,000 bars weighing approximately 400 oz. or 27.5 lbs. each. Read More...

PCGS CoinFacts 2000 $1 Sacagawea Mule Regular Strike

Since the launch of PCGS CoinFacts™, we have been hard at work updating and expanding the site's information. Here's another recent example:

Jaime Hernandez: : On May 2000, Frank Wallis from Arkansas discovered the first mule on a U.S. Coin. The mule was a 2000-P Sacagawea Dollar/Washington Quarter Mule. Read More...

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