Collector’s Choice: COVID-19 issues and a new stamp

  • The new United States Chrysanthemum global forever stamp as an April 24 issue date. The stamp always has a postage value equivalent to the international letter rate, currently $1.20. U.S.P.S.

For Athol Daily News
Published: 4/19/2020 12:34:41 PM
Modified: 4/19/2020 12:34:36 PM

The U.S. Mint has announced a suspension on the issue of new numismatic products after the release of the silver 2020 proof set on April 17, due to the COVID-19 situation. It will still strike and issue circulation coins, and offer items already released this year.

A check of their website shows that any unissued 2020 items listed are “to be determined” for issue dates. This includes the much-anticipated three-coin basketball commemorative set.

A couple of public antique auction houses within 30 miles of the North Quabbin region are resorting to online only auctions. This may be due to pressure by consignors to move their material quickly in any way possible.

This is much more easily done with furniture and other large items, as one photo may be sufficient for a viewer of those objects. However, quantity items like coins, jewelry, stamps, postcards, or sports cards would need a large number of photographs to give a viewer a good idea of what is being offered.

On April 24, the U.S. Postal Service will issue a global mail rate ($1.20) stamp depicting a chrysanthemum. This self-adhesive will be sold in panes of 1-stamps.

Coin collectors watching the prices of precious metals may be disappointed to find that no dealer will sell them silver at the anywhere near the “spot” market price. This is partly due the the fact that, even though the price of gold has returned to the level it reached in late February, the silver price is still officially over one-fifth lower than it was then.

If a retail coin dealer purchased silver before the stores were ordered closed due to the COVID-19 situation, he is invested in it at a higher price than the current market indicates. To prevent taking a loss, the dealer will either withdraw silver from sale, or offer it at the old price level.

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