Numismatics plays a big part in the virtual world: Morning Report

Coin World gives you a look at the happenings in the world of numismatics
By , Coin World
Published : 05/21/15
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1. Coins and video games go hand-in-hand

Since the early 1970s coins and video games have been vital to one another. ANSpocketchange.org, the American Numismatic Society's blog, dove into the subject in a recent post. 

The first real video games, Pong (1971) and Computer Space (1972), were operated by standard coins. To play, users would have to insert a small denomination coin into these arcade games. 

As the years progressed, so did the nature of the virtual world, writer Andrew Reinhard explains. 

In 1982, Super Mario Bros. was released. The gameplay featured a new wrinkle to video games as a whole, making gold coins its main objective in the game. Gamer's motives were to gather as many coins as possible on each level, thus giving them better chances to advance throughout the game. 

Now, with the surge of MMOs (Massively Multiplayer Online) and games like World of Warcraft, Assassin's Creed, and FIFA Soccer, the video game industry has increased the role that currency plays in its games. 

For prices ranging from $20 to as much as $100, players can purchase certain tokens and packages that unlock countless features within each game, respectively. 

Read the full ANS post: MMOs, Numismatics, and its overall impact on the virtual 

2. American Eagle, Narrow Reeds tenth-ounce bullion coin brings hefty price tag 

One of two known 2014 American Eagle bullion error coins has sold for a five-figure price.

Raleigh, N.C., collector Darrell Hicks, who discovered the two coins and subsequently had them submitted to Numismatic Guaranty Corp. for grading and encapsulation, confirmed details of the sale to  Coin World on May 19. NGC certified both coins as Mint State 69.

3. Congressional gold medals honor Olympic legend Jesse Owens 

The U.S. Mint honored the hero of the 1936 Olympics with a congressional gold medal. 

Click here to see the Owens medal and more information on the congressional gold medal series and their bronze duplicates.

4. Nearly $14 million in latest Gardner auction brings total to $47 million 

The third Eugene Gardner Collection auction took place last week. 

Here's the full story: Seated Liberty, Draped Bust coins led the pack at the Gardner III auction

4. Precious metals pricing

Kitco.com listed the following prices per ounce as of 9:32 a.m. ET Thursday:

5. Yesterday's most-viewed post 

The saw-maker's patterns: Gerald Tebben's Five Facts

6. Something social

Heritage causes large amount of grief. Coin I Paid 23500 for and would pay 26,000 to $32,000 for now sold by them on...

Posted by Lafitte Coin Company on Tuesday, May 19, 2015
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