Sunday, December 31, 2006

Rare Liberty Head nickel to be auctioned (Seattle Post-Intelligencer, WA)

Rare Liberty Head nickel to be auctioned

SPOKANE -- A Spokane businessman is hoping to get millions of dollars by selling a nickel: a rare 1913 Liberty Head nickel.

Bruce Morelan bought the coin, one of only five known to exist, nearly two years ago. He plans to auction it off on Tuesday in Orlando, Fla., to raise money to buy other rare coins. Morelan said the coin has spent the past two years in a bank vault in Spokane. . . .

Full story at:

Time To Tame The U.S. Mint (

Wallace, Idaho – It's really quite past time to tame the United States Mint. First the SOBs went for Bernard Von Nothaus's jugular by unilaterally declaring the silver Liberty dollars illegal for tender. And now, they propose to tell us exactly what we can and cannot do with our pennies and nickels. . . .

. . . But this business of telling me what I can and cannot do with my pennies and nickels is a haughty, unconstitutional affront. An insult. . . .

Full story at:

The New Gold Rush? (Hope Star, AR)

(ARA) - Have you seen the new State Quarters? They hit a home run for the U.S. Mint (an estimated 130 million people are collecting them), and it seems they've started a new Gold Rush in the USA! . . .

Full story at:

New dollar coins more promising than Idaho quarter (Idaho State Journal)

The U.S. Mint is betting a buck its new series of coins featuring U.S. presidents will be more successful than the Susan B. Anthony and Sacagawea dollars which drew mostly yawns from the public.

The first of the new coins, bearing the image of the first U.S. president, will appear in February. George Washington, John Adams, Thomas Jefferson and James Madison are scheduled to grace the new series of dollars in 2007. The series will honor four different presidents per year, in the order they served in office. . . .

Full story at:

Rare Coins: A Distinct and Attractive Asset Class (Journal of Financial Planning)

Robert A. Brown, Ph.D., CFA serves as Chairman-Investment Management Executive Committee and Chief Investment Officer for GE Private Asset Management, Inc., located in Encino, California.


It has been suggested that the decade ahead may offer relatively unattractive asset class returns for the most traditional investment categories such as large-cap domestic equities. The resulting debate has promoted interest in such less traditional asset categories as venture capital, hedge funds, commodities, timber, real estate, energy, works of art, and collectibles on the part of both institutional and individual investors. It is this last category of rare collectibles, specifically coins, which I examine within this paper. . . .

Full article at:

U.S. Gold Coins Outperform Gold Bullion by as much as 3-1 (PR Web)

Wholesale rare coin prices show collectors that purchased numismatic gold coins have received a return far in excess of their bullion content, but rarity is the key for investors.

Westcliff, Essex (PRWEB) December 31, 2006 -- Over the past 5 years purchasers of gold bullion have seen the price of the yellow metal more than double from $320 to $630 per Troy Ounce (31.1 grams), peaking as high as $740.

Over the same period a mint state $10 Indian Head gold coin (1907-1933), containing half the weight in gold (15 Grams) has rocketed from $650 to $3,000. More remarkable is a smaller denomination in the same series. The $5 Indian Head, has only 7 grams gold, but in only 2 years the wholesale price has moved from $1300, to an astounding $4,000. . . .

Full story at:

Tuesday, December 26, 2006

No longer just for geeks, rare-coin market has changed (Naples Daily News, FL)

Six years ago, New York investment adviser Robert Beckwitt was looking for an alternative to the increasingly expensive equity market. While other investors were busy scooping up real estate, Beckwitt returned to an old love — rare coins. . . .

Full story at:

Gold coin goes for $4,000 (Daily Tribune, MI)

Money to benefit Salvation Army.

ROYAL OAK -- After a lively bid, an anonymous metro Detroit woman paid $4,000, or almost seven times its value, for a gold coin dropped in a Salvation Army red kettle in Royal Oak.

The money raised by the 1924 Saint-Gaudens Double Eagle $20 gold coin -- valued as a collectible at $660 -- will go to the Salvation Army . . .

Full story at:

Five cent coin stuck in girl's throat for years (The Australian News)

TRIPLET Tabitha Burgess ate her first Christmas lunch this week after doctors removed a 5c coin that had been stuck in her throat for most of her life. . . .

Full story at:,20867,20977921-5006785,00.html

Pair of Gold Coins Fetch $85,000+ at Philip Weiss Sale (

The original Gold Rush may have been in California, but Philip Weiss Auctions had a Gold Rush of their own during a weekend mega-sale in Oceanside, N.Y. Two rare gold coins sold for a combined $85,000 . . .

Full story at:


(David Shribman has a very interesting point of view on the Presidential dollars that goes beyond the usual discussion about whether the coins will circulate or not. It's too bad Congress didn't get a chance to read his opinion before authorizing the coins.)

There is no more revered spot in the United States, from its founding as a mercantile nation, than on the country's coins. Here reside George Washington, who won the colonies their freedom, and Thomas Jefferson, who put the new nation's philosophy into poetry, and Abraham Lincoln, who saved America in its greatest hour of peril, and Franklin Roosevelt, who preserved capitalism and then democracy. In grief we put John F. Kennedy's image on a half-dollar, and in respect we put Susan B. Anthony and Sacagawea on the dollar coin.

But we did not put Daniel Webster, or Henry Clay, or John C. Calhoun, or Henry Cabot Lodge, or Mike Mansfield on our coins. They were great men, huge pinions of power, but ours is a lucky nation for having had so many great leaders in so few years of existence. This is a profligate country, but we are stingy, and rightly so, with our biggest honors.

Until now. . . .

Full story at:

Gold $20 Liberty Head Type 1 Double Eagle Hub Varieties (The Arlington Collection)

One of the more interesting aspects of the $20 Liberty Head Type 1 Double Eagle is that there were only two master hubs used for the entire series. The first master hub was used from 1850 until 1858. In 1859, a new master hub replaced the first and was used from 1859 until 1866.

What makes this interesting is that the first master hub actually had the word LIBERTY misspelled as LLBERTY.

Full story at:

See The Arlington Collection of Gold $20 Type 1 Double Eagles at:
The Arlington Collection of Gold $20 Type 1 Double Eagles

See The Arlington Collection of Shipwreck Gold at:
The Arlington Collection of Shipwreck Gold

Nigeria: 'How Coins Will Discourage Rounding Up of Prices' (

Welcome to a new world of coins for transactions long forgotten by Nigerians
According to Mr Ikuseedum, coins have obvious advantage over bank notes.

Although it cost much more to mint coins than bank notes, coins have longer circulation life and the expenditure on processing and disposal is very low. . . .

Full story at:

Lawsuit takes on ‘first strike’ coin sales (Daily Herald, IL)

MIAMI — To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold.

Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled “first strikes” because they are billed as among the first of that year’s batch produced by the U.S. Mint.

But some collectors say the label is misleading and that the coins aren’t special at all. Now, a Miami attorney has filed class-action federal lawsuits on behalf of potentially thousands of collectors claiming that the “first strike” designation is unfair and deceptive. More than $10 million in damages could be at stake.

Full story at:

Learn more about First Strikes at:
First Strikes: A Marketing Goldmine

DelTech to auction treasure (The News Journal, DE)

Gold, silver coins from 1622 Spanish galleon worth about $400 million

GEORGETOWN, Del. -- For almost 20 years, Delaware Technical & Community College's campus in Georgetown has been home to a collection of artifacts pulled from the bottom of the Atlantic Ocean by famed treasure hunter Mel Fisher.

Now, the school is preparing to float some of its treasure for coin collectors and history buffs. . . .

Full story at:


Today RA Central Bank has issued four coins. One of them is designated to the Armenian chess players’ victory in the Chess 37th Olympiad. The coin is made of gold and its nominal value is 10 000 AMD. . . .

Full story at:

NGC announces Collateral Finance Corporation (CFC) to offer bullion coins and coin financing to NGC Early Releases customers (Press Release)

NGC announced today CFC (A subsidiary of A-Mark Precious Metals, Inc., "A-Mark") will offer "turn key" sales and finance on all Early Releases US Mint bullion coins submitted to NGC for grading. The relationship between NGC and CFC will provide customers a one stop solution to getting their 2007 US Mint issue bullion products purchased, graded, financed and shipped all with one call. . . .

Full story at:

Thursday, December 21, 2006


A unique silver Thracian coin form the 5th century BC was presented in Bulgaria's city of Plovdiv.

The coin was unique because it was minted during the ruling of the Thracian king Sitalk. Up to now historians believed that coins were not minted during Sitalk’s reign, Focus news agency reported. . . .

Full story at:

Detailed study is more than token effort (The Whitehaven News, UK)

A NEW book on the mining tokens of West Cumberland provides an absorbing read for anyone with an interest in local history. These survivors of bygone times hark back to the days when coal was carried to the ships by packhorse and tokens were the currency of the coaltrade. . . .

Full story at:

Journal of a Living Lady (Union Sentinel, GA)

Low-budget coin-collecting has been my hobby for many years. Eventually I took the necessary courses to obtain ANA numismatic credentials. In the process I have met some interesting people.

Yesterday an elderly couple came by. He was 93. She was 87. They carried a small assortment
of coins. A friend had recommended me to them as I occasionally buy old gold and pre-1965 silver coins.

This couple won my heart immediately. They would have been a push over for an unscrupulous person wishing to make a buck. That isn’t me. A wolf preying on helpless lambs is not my idea of Christianity. . . .

Full story at:

Why Gold? Using Roman Monetary History To Better Understand Inflation (Yahoo! Finance)

Over the weekend, Bill Rempel put up an interesting post entitled "Not Bullish on Gold".

Bill makes two important points early in his post:

1) Gold is not "original money"
2) When a government controls money, it will manipulate the situation to its advantage

Inflation is not a modern phenomenon; it is a governmental phenomenon. Many otherwise intelligent people completely miss this point. For those investors with more knowledge of history than economics, Spain's experience with New World gold probably stands out as a clear example of inflation. That's good, because knowledge of two or more separate occurrences of the same phenomenon under seemingly different conditions is often the key to better understanding that phenomenon.

There's another excellent example of inflation that is rarely studied. It happened roughly two thousand years ago in Europe, Africa, and the Middle East.

If you have any interest in inflation during Roman times, I'd recommend Kenneth Harl's Coinage in the Roman Economy, 300 B.C. to A.D. 700 [Ancient Society and History]. . . .

Full story at:

New exhibit on precious mineral dazzles at Manhattan museum (The Connecticut Post, CT)

How's this for cocktail party trivia:

Gold is so malleable, so flexible that ONE OUNCE of this precious mineral — about the size of a quarter — could be stretched into a thin wire measuring five millionths of a meter thick that "would reach in a straight line from midtown Manhattan across Long Island Sound to Bridgeport."

Or, that the same quarter-size amount of gold could be beaten into a thin continuous sheet measuring about 100 square feet.

These and a host of other fascinating facts are brought to the fore in "Gold," a dazzling new exhibition at the American Museum of Natural History in New York that features about 700 natural specimens, cultural objects and gold bars. . . .

Full story at:

Tuesday, December 19, 2006

NGC Brings VarietyPlus Catalog Online (Press Release)

A comprehensive listing of all the variety coins currently attributed by NGC has been added to NGC’s website, This free online resource includes a brief description of each coin series, and entries for each coin showing how the variety is described on the NGC certification label. . . .

Full story at:

FTC Consumer Alert: Investing in Rare Coins

How To Protect Yourself

If you intend to buy rare or bullion coins for investment, your best protection is to spend time learning about the coins you are being asked to buy. In the past, most investment gains have gone to collectors, often known as numismatists, who have taken the time to carefully study various aspects of coins, including rarity, grading, market availability, and price trends. . . .

Full story at:

Town selling coins for 275th celebration (Sentinel&Enterprise, MA)

"They'll be a collector's item at some point," said Town Clerk Daniel Murphy. "They're very attractive coins, they did a nice job on them."

The Falcon Mint, of Portland, Ind., has pressed 500 coins so far and will press another 500, Murphy said.

Only 1,000 coins will be made, Murphy said.

The golden-colored coins have the town's seal -- a picture of Memorial Hall -- on one side and "Townsend's 275th Anniversary 2007" on the other.

The town was incorporated on June 29, 1732. . . .

Full story at:

Curtain Goes Up on Designs for First Spouse Coins (US Mint Press Release)

Photobucket - Video and Image Hosting Photobucket - Video and Image Hosting

Photobucket - Video and Image Hosting Photobucket - Video and Image Hosting
U.S. Mint Photos

United States Mint Shows Off First Consecutive Coin Series Featuring Women

CANTON, OHIO — Following last month's announcement that the United States Mint would produce circulating Presidential $1 Coins in 2007, Director Edmund C. Moy and a Dolley Madison re-enactor raised the curtain on designs for pure gold, collectible First Spouse Coins that will coincide with the annual release of the Presidential $1 Coins. . . .

Full story at:

Gold versus paper money (The Daily Reckoning, UK)

Both gold and paper dollars have history, but gold has far more of it. Both gold and dollars have a future too. But, and this is the important part, gold is likely to have more of that too.

Mr James Surowiecki wrote a wise and moronic piece on gold in the New Yorker. His wisdom is centred on the insight that neither gold, nor paper money are true wealth, but only relative measures, subject to adjustment.

"Gold or not, we're always just running on air," he wrote. "You can't be rich unless everyone agrees you're rich." . . .

Full story at:

Gunsmith Unearths Buried Treasure (Harrisonburg Daily News Record, VA)

Wealth Of History Recovered Inside 1740s Musket

SINGERS GLEN — Finding the blackened, broken musket was at least, at first, Scott Musser’s buried treasure.

This summer, he found an antique gun — a 1740s-era musket that sold for $125, plus tax — in one of Philadelphia’s South Street shops.

"I knew I had already struck gold," said the 43-year-old family man from New Jersey.

It wasn’t until six months later — just a few weeks ago — that Musser visited a gunsmith in Singers Glen and discovered that someone had actually stowed gold inside the gun’s hollowed stock.

To be exact, Musser and Douglas Bates, the gunsmith, had discovered four gold, seven silver and six copper coins. . . .

Full story at:

The rare-coin market is hot, thanks to the Internet and soaring gold prices (Pittsburgh Post Gazette, PA)

Six years ago, New York investment adviser Robert Beckwitt was looking for an alternative to the increasingly expensive equity market. While other investors were busy scooping up real estate, Mr. Beckwitt returned to an old love -- rare coins. . . .

Full story at:

Monday, December 18, 2006

Opinion: Government should issue currency for blind, visually impaired (Madison Daily Leader, SD)

Last month, in a lawsuit filed by the American Council of the Blind, a federal judge ruled that the U.S. Treasury Department is violating the law by failing to design and issue currency that is readily distinguishable to the blind and visually impaired. . . .

Full story at:

Sunday, December 17, 2006

Collector Pays $2.3M for $1,000 Bill (AP)

DALLAS (AP) - An art collector has paid about $2.3 million for a $1,000 bill printed in 1890, according to the auction house that brokered the transaction between two anonymous private collectors.

"This $1,000 bill is one of only two known of its type; the other surviving example is in the museum at the Federal Reserve Bank of San Francisco," Greg Rohan, president of Dallas-based Heritage Auction Galleries, said Friday. . . .

Full story at:

Gold $20 Liberty Head Type 1 Double Eagle Hub Varieties (Coin Collecting Blog)

One of the more interesting aspects of the $20 Liberty Head Type 1 Double Eagle is that there were only two master hubs used for the entire series. The first master hub was used from 1850 until 1858. In 1859, a new master hub replaced the first and was used from 1859 until 1866.

What makes this interesting is that the first master hub actually had the word LIBERTY misspelled as LLBERTY. . . .

Full story at:

Warren coin shop marks 25 years (The Reporter, NJ)

WARREN -- Peter Doelger used to save up the money from his newspaper route. When he had enough stashed away, he'd head to the bank and exchange his bills for rolls of coins.

"I'd pore through the pennies and look for rare dates," said Doelger, who grew up in Shrewsbury.

Eventually, Doelger turned his coin collection hobby into a business and his Warren-based shop, Doelger's Gallery of Coins, is celebrating its 25th anniversary. . . .

Full story at:

Lawsuits: 'First strike' label deceptive (BusinessWeek)

MIAMI: To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold.

Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled "first strikes" because they are billed as among the first of that year's batch produced by the U.S. Mint.

But some collectors say the label is misleading and that the coins aren't special at all. . . .

Full story at:

Maybe the article I wrote on my other blog helped to end the madness.

See my original article here: FIRST STRIKES ARTICLE

American Numismatic Society U.S. Gold Coins Auction (Stacks)

Thursday, January 11, 2007

United States Gold Coins from the Collection of the American Numismatic Society
101 Select Die Duplicates

Auction Details at:

Put some silver on your holiday list (The Star-Leger, NJ)

GIFTS FOR COIN collectors tend to be a little more pricey than those for stamp collectors, but there still are a lot of options for the numismatists on your list. . . .

Full story at:

Lawsuits claim coin label is deceptive (Sun-Sentinel, FL)

MIAMI · To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold.

Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled "first strikes" because they are billed as among the first of that year's batch produced by the U.S. Mint. . . .

Full story at:,0,2637945.story?track=rss

For definition of First Strike, see blog article at:

Misunderstanding Gold (

I am a gold bug. A gold bug is a believer in the public’s use of gold coins as the basis for a nation’s money supply. Because very few university-certified economists are gold bugs, and very few gold bugs are academic economists, there is enormous confusion on all sides regarding gold: why it is valuable, why it serves as money, why gold money is necessary for freedom, and why we don’t need a government-guaranteed gold standard in order to have a gold standard. . . .

Full story at:

No surprise - Americans like U.S. Mint more than IRS (Yahoo News)

WASHINGTON (Reuters) - In news bound to surprise absolutely no one, a survey released on Friday found that the U.S. government agency that prints money is better liked than the agency that collects it. . . .

Full story at:

Dollar coin redux (American Public Media)

This week back in 1978, the U.S. Mint introduced the Susan B. Anthony dollar coin. It never caught on, but that hasn't stopped the U.S. Mint from trying. . . and trying. Stacey Vanek-Smith has the history.

Listen to this story using Real Player at: Audio Version

Or read this story at: Text Version

Nickel expected to sell for $5 million previewed in NYC (Waukegan Sun, IL)

NEW YORK (AP) - King Farouk of Egypt owned one. The Smithsonian Institution still does.

And for a few million dollars you, too, could take home one of five known 1913 Liberty Head nickels, rare coins struck clandestinely at the Philadelphia mint after its design was retired.

Stack's Rare Coin Galleries prepared to show the rare coin Tuesday to potential bidders before the pricey 5-cent coin is auctioned publicly on Jan. 2, 2007 in Orlando, Florida. The gallery anticipated it could sell for $5 million or more.

Full story at:

Noel: Denver holds few signs of city's golden origins (Rocky Mountain News, CO)

How many newcomers realize Denver started as a mining camp? The city has no museum, not even a statue, to celebrate its golden origins.

There are clues: the golden state Capitol dome, the name of our NBA team, the Denver Mint and all those mines in the hills. . . .

Full story at: article/0,2777,DRMN_23962_5216483,00.html

United States Mint Moves to Limit Exportation & Melting of Coins (Press Release)

Interim Rule Goes Into Effect Immediately

WASHINGTON — The United States Mint has implemented regulations to limit the exportation, melting, or treatment of one-cent (penny) and 5-cent (nickel) United States coins, to safeguard against a potential shortage of these coins in circulation. The United States Mint is soliciting public comment on the interim rule, which is being published in the Federal Register. . . .

Full story at:

United States Mint Announces the 2007 Designs for the 50 State Quarters® Program (Press Release)

WASHINGTON – The United States Mint today officially released the designs selected for the five new 2007 commemorative quarter-dollar coins in the United States Mint’s 50 State Quarters® Program. The new quarters will honor Montana, Washington, Idaho, Wyoming and Utah. The coins will be issued at approximate ten-week intervals beginning early in 2007. . . .

Full story at:

Historical coins excavated from Karnal (, India)

Chandigarh, Dec 17: Over 300 bronze coins of historical significance have recently been excavated from village Ballah in district Karnal of Haryana.

These coins are around 2,000-year old, Minister of State for Archaeology, Meena Mandal said during her visit to the village . . .

Full story at:

U.S. first ladies to be honored on coins (Houston Chronicle, TX)

WASHINGTON — Not to be outdone by their husbands, the first ladies are getting their chance to shine on the nation's coins. Starting next year, Martha Washington, Abigail Adams and all the rest will begin appearing on a new series of gold coins. . . .

Full story at:

Thursday, December 14, 2006

NGC Offers Early Releases Pedigree for U.S. Bullion Coinage (Press Release)


NGC is now offering the pedigree Early Releases for U.S. Bullion Coins released by the US Mint during their first month of issue. Coins receiving this designation will be encapsulated in an NGC holder with special label, with the words EARLY RELEASES appearing beneath the year of issue and denomination on the NGC label. . . .

Full story at:

Maybe the article I wrote on my other blog helped to end the madness.

See my original article here: FIRST STRIKES ARTICLE

Investing in rare coins (The Daily Reckoning, UK)

Why not go one better than gold bullion and look at rare coins as an investment medium? You can do this directly, through building up an investment-grade collection yourself, or short circuit the process by buying a ready-made coin collection through a fund thats already listed on AIM and backed by some of the biggest names in the investment world. . . .

Full story at:

Coin collector looking to get millions for a nickel (KXLY-TV, WA)

SPOKANE -- Who says a nickel is only worth five cents? For one Spokane man his nickel could be worth $5 Million.

You would have to scrounge up 100 million everyday nickels to equal what one Spokane man's nickel is worth. If you laid rolls of nickels end to end, 158 miles of them, enough to stretch from Spokane to Mattawa. . . .

Full story at:§ion_id=560&story_id=6953

Smaller, Cheaper W10 Coins on the Way (The Chosun Ilbo, Korea)

A new sparkly 10-won copper-coated coin is on the way. The Bank of Korea announced it has plans to put around 100 million of the coins into circulation starting Dec. 18. Instead of using brass, the new coins are copper-coated aluminum. . . .

Full story at:

County sells coins to maintain coveted covered bridges (The Times-Review, OR)

EUGENE, Ore. (AP) — Lane County officials have learned that to make money, you have to coin it. Literally.

So they are minting 17 silver coins commemorating the county’s 17 covered bridges in an effort to pay for some of the maintenance of the spans no longer in service.

And collectors are snapping them up. . . .

Full story at:

Rising Metal Prices Prompt Ban on Melting and Export of Coins (NY Times)

The United States Mint, concerned that rising metal prices could lead to widespread recycling of pennies and nickels, has banned melting or exporting them. . . .

Full story at:

Wednesday, December 13, 2006

Smithsonian Showcases Never-before-seen Pattern Coins in Traveling Display (Press Release)

WASHINGTON, DC] - Charles E. Barber, the sixth chief engraver at the U.S. Mint, designed some of America’s most famous and best-loved coins. These included the Liberty Head 5-cent piece and a dime, quarter and half dollar. Less well known, but equally revealing of his style, are his drawings, patterns and commemoratives. . . .

Full story at:

Friday, December 08, 2006

$1 Million Number One PCGS Set Registry (SM) Prooflike Morgan Dollars At 2007 FUN Show (New Release)

(Newport Beach, California) - The highest ranked PCGS Set Registry (SM) collection of deep mirror prooflike (DMPL) Morgan silver dollars will make "a cameo appearance" and be displayed by the Professional Coin Grading Service at the Florida United Numismatists annual convention in Orlando, Florida, January 4 - 7, 2007. The coins have a combined value of $1.3 million. . . .

Full story at:

Counterfeit Panda Coins (NGC Newsletter)

When most people think of counterfeit coins, they often think of Gold, Key Dates, and older coins. However, recent issues of coins are now being counterfeited at an alarming rate. These pieces are not only a danger for collectors and dealers, but they usher in a new era in which possibly no coin is safe from replication and fraud. . . .

Full story at:

Salvation Army gets $14K coin (Rutland Herald, VT)

BARRE — The Salvation Army's annual Christmas collection was off to a sluggish start until someone dropped a gold coin into one of its signature red kettles at the Berlin Mall over the weekend.

Not just any gold coin either.

Full story at:

Thursday, December 07, 2006

The Coin Grading System (American Chronicle, CA)

Coin grading is a term used to refer to the process of determining the condition or quality of a coin, and its full identity. It is essential to know what the grade is of a particular coin, because, as a general matter, the higher the grade of a coin, the higher its numismatic value. . . .

Full story at:

Uncommon cents (The News & Observer, )

. . . Oh, Davis almost surely has the complete set of wheat pennies, which were minted from 1909 to 1958. It's just that they're buried somewhere among the estimated 175,000 pennies that are stored in coffee cans around his house.

That's right -- Davis has saved 175,000 pennies since his father advised him to start . . .

Full story at:

I can't get rid of my common cents (Times-News, ID)

am incapable at the cellular level of parting with pennies.

They're everywhere in my apartment, covering the top of my dresser where I empty my pants pockets, lying here and there on the carpet where I've dropped them, clogging up the works of my vacuum cleaner.

The time involved in going to the bank, asking for a handful of paper penny wrappers, corralling all those cents and carting them back to the bank is, of course, worth far more than the yield. But unlike most people, I can't simply toss pennies into the trash can. . . .

Full story at:

Pieces of History (Alexandria Gazette Packet, VA)

When he was in high school, Rick Badwey started collecting coins and rare paper money. His father was a rare coin collector, and Badwey — a Washington, D.C. native — caught the bug at an early age. . . .

Full story at:

Presidential dollars unlikely to be a hit (Reading Eagle, PA)

The Issue: Beginning in January, the U.S. Mint will launch a series of presidential dollar coins, similar to state quarters, in the hope of making the dollar coin more publicly accepted.

Our Opinion: They may become popular among coin collectors, but until the paper dollar is eliminated, dollar coins won’t be popular.

The U.S. Mint — with more than a little help from Congress — is banking on the success of the state-quarter program to increase the popularity of the dollar coin. But the likelihood of success is, you’ll pardon the expression, a coin flip. . . .

Full story at:

Coins of the Bible and the Holy Land (Catholic PRWire)

Sheds New Light on the Bible

December 4, 2006--The Historic Mint Company has launched its first family-oriented, educational TouchHistory™ collection, Coins of the Bible and the Holy Land, according to Founder and President, Donald J. MacKay. The Historic Mint provides high quality replicas of significant historic coins for collectors and gift givers. . . .

Full story at:

Educator’s new job all about the money (The Gazette, CO)

A local money museum hopes to profit from a former top educator’s experience.

Former Colorado Springs School District 11 Superintendent Sharon Thomas is the new deputy executive director for education at the American Numismatic Association Money Museum. “I was looking for a unique opportunity,” she said Monday. “It met all my criteria.”

Thomas, 56, received a buyout of more than $400,000 in June when D-11 school board members voted 4-3 to fire her after less than a year on the job. . . .

Full story at:

Secret Santa: Salvation Army campaign gets boost when a mystery donor drops valuable gold coin into kettle (WCAX-TV, VT)

Their bells are ringing, but the giving is off to a slow start for the Salvation Army of Central Vermont. Salvation Army Captain Louis Patrick says, "I don't know if it's internet shopping or what, but we aren't seeing the same traffic flow or money coming into the kettle."
But the kettle campaign got a big boost this weekend, when a mystery donor dropped a valuable gold coin into this kettle. Hedges says, "I remember the gentleman putting it in and he said, 'Merry Christmas,' and he pushed it in." . . .

Full story at:

Jeweler, coin trader a giver (

Customers designate receiver of 10 percent gifts year-round

Jeweler and coin dealer David Wyatt has a penchant for giving, but his generosity doesn't end with the holidays.

Throughout the year, he gives 10 percent of each sale from his Master Creations jewelry and coin consignment business to a charity the buyer designates. . . .

Full story at:

U.S. House approves Congressional Gold Medal for Borlaug (WCF Courier, IA)

DES MOINES (AP) --- The U.S. House voted Wednesday to award a Congressional Gold Medal to an Iowan.Norman Borlaug, 92, is known as the father of the Green Revolution.

He is a native of Cresco.Borlaug received a Nobel Peace Prize in 1970 for creating varieties of wheat suitable for developing countries. His hybrids tripled yields in some cases and were resistant to disease. His work helped fight starvation in countries such as India and Pakistan. . . .

Full story at:

Reserve Bank runs out of coins in lead up to Xmas (

Unbelievable that Reserve Bank runs out of new coins in lead up to Christmas

Just five weeks after phasing out the old coins, the Reserve Bank has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period, with some unimpressed retailers already unable to source 20 cent pieces," Auckland's leading retail district, Newmarket, has revealed today. . . .

Full story at:

Family sues U.S. Mint for return of extremely rare and valuable 'double eagle' coins (USA Today)

PHILADELPHIA (AP) — A family is suing the U.S. Mint, saying it illegally seized 10 gold coins that are among the rarest and most valuable in the world that the family found among a dead relative's possessions. . . .

Full story at:

Monday, November 27, 2006

Coin dealer must repay $16.7 million (USA Today)

TOLEDO, Ohio (AP) — A former GOP fundraiser convicted of embezzling from a state investment in rare coins must repay the state $13.7 million, a judge ruled Monday.

Tom Noe was sentenced last week to 18 years in prison for his role in a scandal that contributed to the Republican Party's loss of the governor's office.

Lucas County Common Pleas Judge Thomas Osowik said Noe must repay the $13.7 million the state says he stole along with the nearly $3 million cost of the investigation. . . .

Full story at:

Jon Nadler Gets In-Depth on Gold (

St. LOUIS ( – As gold traded up to a 10 week high on Nymex today, Jon Nadler, of Kitco spoke in depth with Resource Investor regarding gold’s direction, a weak dollar, China and much, much more.

RESOURCE INVESTOR: Gold hit a high of $641 today, while the dollar hit a 20 month low against the euro, any thoughts on were this is heading? . . .

Full story at:

The Buy of the Century (

Few people have noticed…

But the bull market in gold is back in full swing. As I write, the price of gold is at $638, roughly 10% away from highs reached this summer.

While some have noticed this, absolutely nobody has noticed the complete detonation of rare gold coin prices this year. While the price of gold is near its highs, coins have gotten crushed - creating what I believe is the buy of the century in pre-1933 graded U.S. gold coins. . . .

Full story at:

Price of gold one factor in deciding whether to sell or hold collection (Columbus Dispatch, OH)

Dear Mr. Stebinsky: I have several gold coins, including a Saint-Gaudens $20, two other $20s, two $10s, two $5s and a $2.50. . . .

Just in time for the holidays, Whitman Publishing has produced a gift for collectors: It is reprinting the first edition of the venerable A Guide Book of United States Coins by R.S. Yeoman. . . .

Full story at:

FAITH UNDER FIRE: New U.S. dollar coins hide 'In God We Trust' (

On gold-colored presidential pieces, national motto relegated to thin edge

WASHINGTON – "In God We Trust," the official national motto since 1956 and a familiar sight on U.S. coins and currency, will be hard to find on the new presidential dollar coins scheduled for release to the public Feb. 15, 2007. . . .

Full story at:

Saturday, November 25, 2006

Counting your pennies (Longmont Daily Times-Call, CO)

Businessman releases valuable coins into downtown stores

LONGMONT — An attempt to attract some attention to his business and the downtown in general has led to an unusual promotion by a local businessman.
Mark Chamberlain, who celebrated 10 years in business with C&C Coins & Collectibles last month, put 10 rare 1914-D Lincoln pennies into circulation by spending them discreetly at downtown stores. . . .

Full story at:

In Our View - Presidential Dollars (The Columbian, WA)

Another good coin idea is emerging

The U.S. Mint is getting wild and crazy. Formerly seen as one of the more staid federal bureaucracies, the money-making machine has been encouraged by the successful 50-state quarters program. Now the Mint is thinking outside the box again, and plans to introduce presidential dollar coins in 2007.

We love the idea. . . .

Full story at:

Miami coin dealer gets 5-year prison sentence for eBay fraud (Sun-Sentinel, FL)

MIAMI -- A former attorney and rare coin dealer from Miami was sentenced Tuesday to more than five years in prison after admitting he defrauded more than $1 million from more than 100 people who bought collectibles from him on the eBay online auction site. . . .

Full story at:,0,7125265.story?coll=sfla-news-miami

Your change is about to change (The Messenger, Georgia)

The National Bank of Georgia (NBG) officially released three new coins into circulation: a 50 tetri coin, a GEL 1 coin and a GEL 2 coin. The presentation of the new coins took place at the Georgian National Bank Museum of Money on November 20. . . .

Full story at:

$1 coins may not jingle in many pockets (Milwaukee Journal Sentinel, WI)

New dollars could suffer from public's preference for paper

Wisconsin coin experts are predicting a life of relative obscurity for the new presidential $1 coins. . . .

Full story at:

New $1 coin another loser (Northwest Herald, IL)

In Canada, they call their dollar a “loonie,” and there is no paper alternative.

In the United States, the U.S. Mint has come out with yet another dollar coin – and pardon us, presidents – it’s a loser. . . .

Full story at:

Give the gift of ancient coins (Bradenton Herald, FL)

If there were to be an "ideal" gift for the holidays it wouldn't be one that only targets Christians for Christmas. This time of year, both the Jewish holiday of Hanukkah and the Muslim Eid holy days take place. . . .

Full story at:

SILVER BOOTY PICKED UP ON A BOOT (Isle of Wight County Press, UK)

A TREASURE hunter picked up a valuable find on his boot that his metal detector missed during a dig.

Brian Hawkes, a member of the IW Metal Detecting Club, discovered a silver Roman coin caked in mud on the tip of his boot. . . .

Full story at:

Registry Collectors (NGC)

Keep Market Strong

Wow, what a strange cycle we are experiencing; or, are we? It appears that the balance of activity has shifted to modern issue coinage. But is that really the case? . . .

Full story at:

Tuesday, November 21, 2006

PM Launches BNM Commemorative Coins (MNNA, Malaysia)

KUALA LUMPUR, Nov 13 (Bernama) -- Prime Minister Datuk Seri Abdullah Ahmad Badawi, Monday launched Bank Negara Malaysia's (BNM) three commemorative coins in conjunction with the Ninth Malaysia Plan (9MP), which was tabled in March.In a statement here today,

BNM said the commemorative coins are legal tender and are made of gold, silver and Nordic gold brilliant uncirculated. . . .

Full story at:

Monday, November 20, 2006

United States Mint Unveils Design of New Circulating Presidential $1 Coins (Press Release)

Historic Change On The Way

Washington, DC — United States Mint Director Edmund C. Moy; Louise Roseman, Director of Reserve Bank Operations and Payments Systems at the Board of Governors of the Federal Reserve; and other Federal officials provided a first glimpse of a new series of circulating Presidential $1 Coins at a design unveiling ceremony held today at the Smithsonian Institution’s National Portrait Gallery. The $1 coins are being introduced as a result of the Presidential Coin Act of 2005, which requires the United States Mint to mint the dollar coins commemorating the service of former United States Presidents in the order in which they served. . . .

Full story at:

U.S. Mint to unveil presidential coins (Associated Press)

WASHINGTON - Can George Washington and Thomas Jefferson succeed where Susan B. Anthony and Sacajawea failed? The U.S. Mint is hoping America's presidents will win acceptance, finally, for the maligned dollar coin.

The public will get the chance to decide starting in February when the first of the new coins, bearing the image of the first president, is introduced. . . .

Full story at:

"First Strike" Designation Class-Action Lawsuit Filed in Florida

Numismatic News Article:

Earlier Article that Explained What a First Strike Really Was . . . A Marketing Gimmick!

U.S. Mint hopes presidents encourage $1 coin usage (Reuters)

WASHINGTON (Reuters) - The U.S. Mint is hoping that Martin Van Buren and Millard Fillmore can do what Susan B. Anthony and Sacagawea couldn't -- get Americans to use dollar coins.

Full story at:

Friday, November 17, 2006

New York museum shows glory of gold (Associated Press)

NEW YORK - It has been used to crown kings and fill cavities, for high-end jewelry and high-flying space travel.

Gold has long represented wealth, power and prestige, and a new exhibit showcases just how remarkable this rare and precious material is. "Gold" opens Saturday at the American Museum of Natural History and runs through Aug. 19.

Full story at:

The Finest Known 1913 Liberty Head Nickel to be Auctioned by Stack's (Press Release)

Perhaps America’s most famous rarityThe Ultimate Rare Coin Showpiece!

To be auctioned by Stack’s January 2, 2007

The Finest Known 1913 Liberty Head Nickel

The Eliasberg Coin

Superb Prooflike Gem

Finest of Five Known

“The World in Wait” . . .

Full story at:

Wednesday, November 15, 2006

Coin dealer Noe guilty (The Beacon Journal, OH)

TOLEDO - A federal jury in Toledo concluded Monday that Republican fundraiser and coin dealer Tom Noe swindled the Ohio government in a risky investment scheme that raised doubts about GOP leadership and contributed to last week's virtual Democratic sweep of statewide offices. . .

Full story at:

Coin collecting club could start (The Fountain Hills Times, AZ)

Numismatics wanted. No coinage required.

If you are a coin collector, or curious over what it’s about, this is the place for you.

Fountain Hills resident John Gibson, a numismatic for over 40 years, wants to hear from other coin collectors in the area.

Full story at:

Treasure of Rome unearthed near Amsterdam (Post-Tribune, IN)

Dutch archeologists have discovered an estimated 200 silver Roman coins, several jewels, an armband and a ring hidden in a clay pot, the city overseeing the dig said. . .

Full story at:,Amsterdammit.article

Monday, November 13, 2006

‘U.S. Presidents’ Witness Launch of South Dakota Quarter At Mount Rushmore National Memorial (Press Release)

40th Quarter of 50 State Quarters® Program Honors Shrine of Democracy

MOUNT RUSHMORE, SD – With the monumental faces of four of the Nation’s former Presidents towering in the background, United States Mint Director Edmund C. Moy joined Governor M. Michael Rounds, South Dakota First Lady Jean Rounds and Rapid City Mayor Jim Shaw to launch the South Dakota commemorative quarter-dollar in a ceremony at the Mount Rushmore National Memorial Amphitheater. Native drum group Star Nation performed an honor song during the ceremony. . .

Full story at:

Central Bank To Supervise Virtual Coins From Next Year (

Electronic currency, including virtual coins which are usually used for playing online games, have become a new focus for China's central bank.

Li Chao, director of the Office of the People's Bank of China, has told local media that the central bank has begun to pay attention to virtual coins and is working on relevant regulations which are expected to come out next year to regulate and supervise virtual coins. . .

Full story at:

Penny still thriving (Brazosport Facts)

ANGLETON — You can find them, flip them, wish on them or cash them in, but the country’s smallest currency still might end up lost in the couch cushion of history.

Even some pennies that are heads up seem to have had a bit of bad luck.

Full story at:

Sunday, November 12, 2006

Majoros collects coins, new hobbyists (Asbury Park Press, NJ)

To Jim Majoros, coin collecting isn't just about the money.

For more than a decade, the Toms River resident has made it his mission to bolster the ranks of the Ocean County Coin Club by introducing hundreds of youngsters to the hobby. . .

Full story at:

Introducing the coin (Argus Leader, SD)

To embody South Dakota in coin form, a quarter comes out tomorrow that depicts two of the state's biggest attractions.

Mount Rushmore is featured on the coin with a ring-necked pheasant in flight above the presidents' heads. . .

Full story at:

Need Help Starting a State Quarter Collection? (The Daily Independent, CA)

(This appears to be an ad for the Morgan Mint disguised as a legitimate news story, but I include it anyway since it was published by more than one newspaper)

(ARA) - When the U.S. Mint launched its State Quarter program back in 1999, the number of coin collectors in this country exploded astronomically. According to the U.S. Mint, State Quarters are currently collected by 130 million people, which translates to about one person in every home in America. . .

Full story at:

Friday, November 10, 2006

Medals and Tokens Still Lag Behind Coin Prices (

In spite of a strong medals and tokens auction on July 15, Presidential Coin and Antique Company president H. Joseph Levine said he still thinks the medals market is way undervalued. . .

Full story at:

Collector's Universe profits hit by gold prices (Orange County Register)

Profits drop 59 percent as fewer coin collectors request grading services.

Collectors Universe Inc. in Newport Beach reported today that its first quarter profits plunged 59 percent as fewer coin collectors used its grading services. . .

Full story at:

Great Christmas gift ideas for collectors (Bradenton Herald, FL)

I'm one of those peculiar traditionalists who foolishly believes Christmas actually takes place in December.

On the other hand, I appreciate preparedness and the fact that some gifts do take time to arrive. Because of that, for the next few weeks I'll be including select gift ideas for collectors. Similarly I'll try to include suggestions you may want to consider avoiding . . .

Full story at:

Jurors in Noe’s coin-fund trial finish first day of deliberations (The Columbus Dispatch)

TOLEDO — The jury deciding the fate of coin dealer Thomas W. Noe met for about 5 1 /2 hours yesterday without reaching a verdict and was to continue its deliberations today. . .

Full story at:

Rockaway coin dealer Michael McCoy finds treasures, offers advice (Pacifica Tribune)

Michael McCoy is an expert in all things shiny. Show him a coin or a piece of jewelry and you'll really pique his interest.

A local numismatist, McCoy offers appraisals and good old-fashioned advise to anyone interested in finding out more about coins, jewelry or precious metals — either as a hobby or investment. . .

Full story at:

$2 bill increasing in use and shedding its 'play-money' image (USA Today)

NEW YORK (Reuters) — America's little-used $2 bill, which occasionally turns up in birthday cards and souvenir drawers, is on a roll.

From mom-and-pop stores to strip clubs, the bill is shedding its play-money image and turning up in more wallets. . .

Full story at:

Old money, art and history lure collectors (Baltimore Sun)

On the block are 19th-century plates used to print bank notes and stock certificates

Tony Terranova, a professional coin collector from New York City, will have a chance to diversify his collection when more than 100 hand-engraved steel plates go on the auction block today. . . .

Full story at:,0,2507709.story?track=rss

Who's Minding the Mint? (Yahoo Finance)

Tim Iacono submits: The U.S. Mint has a new television ad campaign. It's a curious mix of piano music and voice-over, more likely to be heard during a pharmaceutical commercial, along with images of a couple tossing coins into a fountain and a boy searching for loose change under some sofa cushions. . .

Full story at:

Wednesday, November 08, 2006

Police Issue Warning About Counterfeit Bills (WBAL-TV)

ANNAPOLIS, Md. -- Annapolis police are warning individuals and businesses to watch out for counterfeit bills in circulation.

Some of the bills have included $10, $5 and $1 although several $100 are also going around. . .

Full story at:

$1 Million Bay Area Exhibit of Colonial U.S. Coins (

According to superstition, they're "coins that kept the witches away." Some of the finest known 17h century Colonial American silver coins will be displayed in Santa Clara, CA, Nov. 16 & 17, 2006. . .

Full story at:

Theater preview: 'American Buffalo' (Rochester Democrat and Chronicle)

(November 6, 2006) — A story that begins with an ordinary day in a secondhand store is never just about buying and selling. Don's Resale Shop and after-hour poker joint in lower-income Chicago is jam-packed with useless trash and castoffs — including three petty crooks.

It's a tossup to see if there is honor among thieves when the trio plans to rob a coin collection from a customer who had purchased a rare Buffalo head nickel for what they considered a "steal."

Full story at:

Get stuck on stamp collecting at the coin and stamp show Saturday (Durant Democrat, OK)

The second annual Durant coin show, hosted by the Texoma Coin Club, will be from 9-5 Saturday, at the Bryan County Community Building at 1901 South Ninth Ave. Home-style food will be available for breakfast and lunch. Coin shows are great family outings and make a wonderful field trip for middle school age kids, as there are ample topics of education, said John Mc William, president of the coin club. . .

Full story at:

Monday, November 06, 2006

No 'nickel and dime' event (Rochester Democrat and Chronicle)

Avid collectors eye currency items worth up to $4,000

(November 6, 2006) — Who were the most passionate collectors visiting the Rochester Museum & Science Center this past weekend? Let's toss a coin. . .

Full story at:

Sunday, November 05, 2006

Letter carrier gets 3 years in prison for stealing rare gold coin (The New Journal, DE)

WILMINGTON -- A letter carrier who stole a rare gold coin from the mail was sentenced to three years in prison today and ordered to pay restitution. . . .

Full story at:

K5, K10 coins out December (Press Release, Malawi)

The Reserve Bank of Malawi (RBM) says K5 and K10 coins are expected to be issued into circulation next month.RBM governor Victor Mbewe said in a statement Wednesday the coins will initially be used concurrently with K5 and K10 bank notes currently in circulation. . . .

Full story at:

The Return to Sound Money (Article Excerpt)

By Ludwig von Mises

Monetary Policy and the Present Trend Toward All-around Planning
The people of all countries agree that the present state of monetary affairs is unsatisfactory and that a change is highly desirable. However, ideas about the kind of reform needed and about the goal to be aimed at differ widely. . . .

Full story at:

Release of South Dakota quarter to top off year’s westward march (Columbus Dispatch)

The South Dakota state quarter, the fifth and final commemorative quarter of 2006, will be released during a Nov. 13 ceremony at Mount Rushmore. . . .

Full story at:

Wrecks to riches: Siren song of treasure hunt (Philadelphia Enquirer)

A Bucks salvage firm went public after a big find, but investors in sea hunts shouldn't be holding their breath.

Taking a company public is risky. Searching for buried treasure is chancier. Staking a claim on government artifacts may be plain lunacy. . . .

Full story at:

PCGS Announces World Coin Population Reports (Press Release)

World Coin PCGS Population Reports (SM) are now available on the Professional Coin Grading Service website at The new reports show a tabulation of all world coins graded by PCGS in all grades, allowing buyers and sellers to determine the relative importance of a particular coin. . . .

Full story at:

Friday, November 03, 2006

Russia needs no more 1-kopeck and 5-kopeck coins (, Siberia)

Cancellation of 1-kopeck and 5-kopeck coins might save a lot of money, Director General of Federal State-Owned Enterprise Goznak Arkadiy Trachouk believes. . . .

Full story at:

Thursday, November 02, 2006

Mystery call leads to treasure (Albany Democrat-Herald)

Message left at D-H points to apparent loot from burglary

It wasn’t quite buried treasure, but an anonymous phone message did lead two Democrat-Herald photographers to the exact location of a backpack filled with jewelry and coins sitting in the rain along Highway 99E this morning. . . .

Full story at:

Wednesday, November 01, 2006

Rare $500 wheat penny found, redeemed (The News Journal)

A 1914-D Lincoln wheat-back penny worth $500, intentionally spent by a coin dealer to spark interest, was redeemed Tuesday at his store in Dover.

"I'd about begun to give up that anyone would find it," said Steve A. Bryan, president and chief executive officer of MidAtlanticCoins. . . .

Full story at:

Tuesday, October 31, 2006

Group blasts Mint ads at Series (Toronto Sun)

Ballgame coin-peddling under fire

OTTAWA -- A taxpayer advocacy group is questioning why the Royal Canadian Mint is peddling its coins behind home plate at the World Series.

The mint has purchased advertising that appears on television screens behind batters during games between the Detroit Tigers and St. Louis Cardinals . . .

Full story at:

Coin collectors thriving again (

Business suffered severely after 1997 crisis but enthusiasm has returned to local market

Coin collecting has become increasingly popular among Thais with a consistent rise in the number of new enthusiasts joining the main local club each year. . . .

Full story at:

Russia's Central Bank to replace 10-ruble notes with coins (RIA Novosti)

PERM, October 31 (RIA Novosti) - Russia's Central Bank intends to replace all ten-ruble banknotes with coins, the bank's first deputy chairman said Tuesday. . . .

Full story at:

Eliminating coin a centsitive issue (The Journal Gazette)

Need for penny debatable, but it’s here – for now

If you insist on dragging a jar of pennies into Pio Market to pay for your purchases, that’s fine with owner Neal Butler.

Just don’t expect him to count it. . . .

Full story at:

Viking riches found in Sweden (AFP)

STOCKHOLM (AFP) - Swedish experts have confirmed the finding of over 1,000 Viking-era silver coins after their chance discovery by two brothers on the Swedish island of Gotland. . . .

Full story at:

Dawn of shiny new life for Old Mint (San Francisco Chronicle)

Under the watchful eye of a veteran U.S. Mint employee named Ed Trautner, Sen. Dianne Feinstein and Rep. Nancy Pelosi took turns coining money Friday.

They each produced a single ceremonial silver dollar, struck with the image of San Francisco's Old Mint on one side and an American eagle on the other. . . .

Full story at:

Monday, October 30, 2006

Collector Reveals Secrets of ''Making'' $1.1 Million Coin Profits in Three Months (Press Release)

(Newport Beach, CA) -- How do you make a million dollar profit with rare coins in only three months? By studying and carefully watching for opportunities in the marketplace, according to Aaron Ellis of California, a first-quarter winner in the Professional Coin Grading Service World's Series of Coin Trading(TM) contest that began March 1, 2006 and will end this December 31. . . .

Full story at:

Scarceness makes 1895-O silver dollar in any grade valuable (The Columbus Dispatch)

Dear Mr. Stebinsky: I have an 1895 silver dollar with an "O" mintmark.
It is in very good condition. What is the value and where I can find a buyer? — H.T., Jackson . . .

Full story at:

Oak Lawn boy gives rare coin to museum penny drive (Daily Southtown)

In a penny drive to raise money for the new children's museum in Oak Lawn, a Covington Elementary School student made a donation that'll be hard to top.

Adam Smith increased his fifth-grade class's coin count by 300,000 this week.

Making the contribution wasn't as difficult as it might sound. It came in the form of a rare 1909 "wheat penny" that could fetch up to $3,000. . . .

Full story at:,1NWS2-30.article

Hidden loot lures divers (Florida Today)

Treasure from Spanish ships sunk in 1715 still in sight

SEBASTIAN - For most treasure hunters, 2006 was a so-so season, but it was one of the best in 35 years for Jeff Milne of Sebastian.
"On Aug. 11, one of our divers, Sean Duncan, found a one-and-a-half pound gold bar with tax stamps and markings valued at $20,000 to $25,000," Milne said. . . .

Full story at:

2,700 Coins from Spanish Shipwrecks To Sell in New York City Auction (Press Release)

The Atocha & Santa Margarita lost in 1622 Hurricane

DALLAS, TX: Nearly 3,000 Spanish coins and artifacts from the New World, mostly lost at sea for 250-350 years, are being sold by Heritage Auction Galleries of Dallas, Texas, in January 2007 in New York City. These Treasures of the Sea, as the collection is called, were mostly recovered by noted treasure salvor Mel Fisher, who lost his son in 1975 in a tragic accident during the effort. . . .

Full story at:

Surrender fake coins or face charges: police (Sun Star, Philippines

THE Philippine National Police (PNP) on Wednesday urged people in possession of fake coins to surrender the bogus money or risk criminal charges.

PNP spokesman Senior Superintendent Samuel Pagdilao said the call is intended to help the Bangko Sentral ng Pilipinas (BSP) "take the fake coins out of circulation." . . .

Full story at: 10/27/news/surrender.fake.coins.or.face.charges.police.html

Saturday, October 28, 2006

New American gold coins are wildly popular (Bradenton Herald)

Sergeant Pepper may well be remembered in song for the splash the fictional band made after two decades, but it was 20 years ago the U.S. Mint played to the wishes of investors and collectors by issuing the first American Gold Eagle bullion coins. . . .

Full story at:

Friday, October 27, 2006

Firm with license to dig 1814 shipwreck site uncovers loot – and tug-of-war with Britain (Palm Beach Daily News)

A company taking a dive is bad news, but not often an international incident. Yet a marine outfit's plunges into the deep will land it on NBC's Today show in an upcoming segment about a diplomatic tug-of-war over sunken treasure said to be stolen from the United States by Great Britain during the War of 1812. . . .

Full story at: Treasure1027.html

Ashmolean opens online coin bank (

The Ashmolean Museum has just launched the most advanced coin website in the world. Roman Provincial Coinage Online comprises one of the largest collections of images and related inscriptions from the ancient world, which is searchable by iconography, place, and time. It is an exciting development for those interested in ancient coins, in classical archaeology, and in Roman history. . . .

Full story at:

DGSE Companies, Inc. Announces Record Revenues of $31,876,000 for the First Nine-Months of Fiscal 2006 (Press Release)

DALLAS--(BUSINESS WIRE)--DGSE Companies, Inc. (Nasdaq:DGSE - News), which wholesales, retails and auctions fine watches, jewelry, diamonds and precious metal and rare coin products via traditional and Internet channels, today announced operating results for the quarter ending September 30, 2006. . . .

Full story at:

Getting his money's worth: Renton Coin Shop owner keeps tradition of fair deals good company alive (King County Journal)

RENTON — When it comes to dollars and cents, Steve Campau knows the value of money.

"I was 7 when I bought my first coin," the longtime coin collector said.

He's bought — and sold — a bundle of money since then. . . .

Full story at:

Tuesday, October 24, 2006

Collectors take new interest in old money (Viet Nam News, Vietnam)

Numismatism in the full sense of the word is still largely unknown to the Vietnamese. Which is unfortunate, seeing how it could have benefited research in history, ethnography, geography, archaeology and other branches of study. . . .

Full story at:

Titanic relics to emerge from secret warehouse (Atlanta Journal-Constitution)

First Atlanta exhibition: After decades in the deep, many items from the star-crossed shipwreck will be displayed here. . . .

Full story at: 1025lvtitanic.html

A hobby that's full of change (The Leader-Post, Canada)

Coin collector Royce Hall buys and sells numerous rare and hard-to-find coins. But even he was surprised at the coin that turned up on his table at the Regina Coin Club's fall show this weekend. . . .

Full story at: city_province/story.html?id=12e1f29b-9551-4372-bd8f-dd4e668754fd

5 Reasons to Collect Certified and Graded Coins (American Chronicle)

Why should a coin collector and investor buy and collect professionally graded and certified coins? Commonly called “slabs”, they are housed in a protective plastic holder. There are many companies – over a dozen are less than 2 years old – which will put your coin in a slab after Certifying that it is Authentic, and assigning a Grade to the coin. . . .

Full story at:

Collector's Corner: Coins - Mint Errors (

I am not a coin collector. Oh, like most other people, I occasionally save a "wheatie" penny or a new state quarter from my change, and I listen with rapt attention whenever there is a news item about some rare coin fetching thousands or hundreds of thousands of dollars at auction. . . .

Full story at:

A penny saved could be $500 earned (The News Journal, DE)

A Dover coin dealer on Monday spent a rare "wheat penny" worth $500 -- on purpose.

MidAtlanticCoins owner Steve A. Bryan says the finder can keep the wheat penny or redeem it at his shop for $500. . . .

Full story at:

What Coins Should I Collect? (American Chronicle)

You should collect what you like and enjoy. This is Your Dream. Design it any way you want.

Never-the-less, . . . decide on Foreign coins or US Coins; and Proof or Mint State. If US, then decide upon a Denomination: penny, nickel, dime, quarter, half dollar, dollar or other. . . .

Full story at:

Odyssey Marine Exploration Provides Operations Update (Press Release)

October 24, 2006 - Tampa, FL - Odyssey Marine Exploration Inc. (AMEX: OMR), a leader in the field of deep-ocean shipwreck exploration, provided a marine operations update today. . . .

Full story at:

Sunday, October 22, 2006

Are they hot coins or fool's gold? (The Courier News, IL)

Dear Mr. Berko:
I've sent you this full-page advertisement from the United State Rare Coin and Bullion Reserve. They're offering to sell the last amount of $5 gold coins for $71 plus shipping, handling and insurance. I would like to buy eight of these coins and give one to each of my grandchildren for Christmas. Then I would like to buy more (if they let me) because they believe the price of gold can go up to $2,000 or more an ounce very soon.

I need to know if this is a fair price. I need to know if I send money to that company that they will send me the coins I order. And I need to know if you think gold coins are a good investment. I'm 82 years old and I don't want to make any mistakes. . . .

Full story at: berko/104192,3_3_EL20_BERKO3_S1.article

The Myth of the Gold Supply Deficit (

(This is a well written article I highly recommend for anyone with an interest in Gold - AC Dwyer)

Analyses based on annual supply and demand of gold appear on a daily basis, whether posted to gold web sites or in the financial media, many of them by the most respected analysts of gold mining shares. These articles typically show an imbalance between supply and demand, suggesting that there is a gold supply deficit. From there, the conclusion follows that a much higher gold price is required in order to bring supply and demand into balance. . . .

Full story at:

Mint Museum turns 70 (News 14 Carolina)

CHARLOTTE -- Charlotte's Mint Museum turns 70 this weekend.

Over the years, the mint's art collection has grown to include more than 28,000 pieces, but its beginnings had nothing to do with art. The Mint Museum was born out of one woman's effort to save the building that was the first branch of the U.S. Mint in Philadelphia. . . .

Full story at:

Treasure hunter finds ski medal from 1940 event (Idaho Statesman)

KETCHUM — A treasure hunter with a metal detector has unearthed a third-place ski medal won and then apparently lost at the 1940 U.S. National Championships in central Idaho’s Sun Valley. . . .

Full story at:

Thursday, October 19, 2006

Take My Money, Please! (

Do businesses have to accept cash?

The Snap CafĂ© in Washington, D.C., made the news last week when it decided to stop accepting cash. If you want one of their crepes, you'll have to pay with plastic. But wait—don't dollar bills claim to be "legal tender for all debts, public and private"? . . .

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Famous $8.5 Million King of Siam Coins, $100,000 Bills at Las Vegas Show (

The fabled King of Siam proof set and the U.S. Treasury's Bureau of Engraving and Printing "Billion Dollar Display" will be exhibited on the legendary Las Vegas Strip, October 27 - 29, 2006 . . . .

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Coin lovers can get a glimpse of sunken treasure on dry land (Contra Costa Times)

In October 1865, a steamship carrying 59 passengers and a rumored $400,000 in gold and silver coins sank in the Atlantic Ocean, swallowed up by a hurricane.

The wreckage of the SS Republic lay undisturbed in murky waters off the Georgia coast until 2003, when an enterprising treasure-hunting firm sent a robot 1,700 feet down and began pulling it up, bit by bit, coin by coin. Over time, the appraisals began to come out, and coin collectors across the nation salivated. More than $100,000 in rare Civil War-era coins was recovered, worth about $75 million in today's dollars.

Some of this treasure will be on display inside the Concord Holiday Inn this weekend, drawing coin collectors who, by their nature, spend free time fantasizing about buried treasure but don't often get to see it. . . .

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Collectors Universe Reports Unit Performance Metrics for First Quarter of Fiscal 2007 (Press Release)

NEWPORT BEACH, Calif., Oct. 19 /PRNewswire-FirstCall/ -- Collectors Universe, Inc. (Nasdaq: CLCT - News), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles and diamonds, colored gemstones and other high value assets today reported its unit performance metrics for the first quarter of fiscal 2007 ended September 30, 2006. . . .

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Citizens Coinage Advisory Commitee to Meet November 2 (Press Release)

CCAC to Consider Design Candidates for 2008 Presidential $1 Coins

The Citizens Coinage Advisory Committee (CCAC) will meet Thursday, November 2, 2006, at 10 a.m. at the United States Mint in Washington, D.C.

The purpose of the meeting is to conduct business associated with the CCAC’s responsibility to advise the Secretary of the Treasury on themes and designs pertaining to United States coinage. . . .

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The Franklin Mint Acquired (Press Release)

ASTON, Pa.--(BUSINESS WIRE)--The Franklin Mint, the world's most trusted name in collectibles and the leading private mint, has been acquired from Roll International Corporation by a select group of investors led by M. Moshe Malamud and Steven J. Sisskind, who have extensive experience in the art, collectibles, media, entertainment and direct marketing industries. . . .

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Berlin's Bode Museum Reopening After 6-Year Overhaul (Washington Post)

BERLIN Berlin's famed Museum Island complex moves a big step closer to recovering its former glory as the Bode Museum, home to the city's sculpture collection, reopens this week after six years of restoration. . . . It houses about 1,700 sculptures, along with Berlin's Museum of Byzantine Art and Numismatic Collection. The museum will reopen to visitors tomorrow. . . .

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Wednesday, October 18, 2006


When contemplating some of the most intriguing Modern US coins, several of the No S Proof coins come in mind. In particular, the 1968-S Proof Dime -- the first date for the Roosevelt Dime Proofs without the "S" mint mark. After thorough research, experts concluded that the "S" mint mark was not punched into the die creating this new variety. . . .

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U.S. Delays Rule on Limits to Chinese Art Imports (The New York Times)

In a move that has cheered museum directors and art dealers and dismayed archaeologists, the State Department has agreed to delay a decision on a controversial request from China that the United States strictly limit imports of Chinese art and antiquities. . . .

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Gold dinar as investment, anyone? (Business Times, Malaysia)

Question. What would it take to convince you that gold coins are a better investment for your hard-earned cash compared to properties or fixed deposits? . . .

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Thieves take $500,000 coin collection from Danville house (Indianapolis Star)

A burglar stole nearly $500,000 in gold coins and silver certificates from the home of a coin collector in Danville. . . .

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Mint now offering individual Eagles (The Star Ledger)

UNCIRCULATED AMERICAN EAGLE 1-ounce gold and silver coins are being offered individually in the U.S. Mint's 2006 Holiday Collection catalog, and that development has upset some collectors. . . .

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Liberty Dollars draw law-enforcement attention (Billings Gazette)

Coin backers say U.S. currency based only on 'popular acceptance'

A trendy alternative to legal tender, the Liberty Dollar, could now land coin-aisseurs in prison for up to five years, according to federal prosecutors. . . .

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Worker: Coin Dealer Accused Of Stealing Said State Money Like ATM (Associated Press)

TOLEDO, Ohio -- A politically connected coin dealer treated money that he received from the state to invest in rare coins like it was from his own ATM, his former personal assistant testified Tuesday. . . .

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Treasures of cargo and story found in shipwreck (Herald Tribune)

Priit J. Vesilind weaves together a history of Civil War-era shipping and a 21st-century treasure hunt in "Lost Gold of the Republic: The Remarkable Quest for the Greatest Shipwreck Treasure of the Civil War Era." . . .

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Coin lovers get hooked easily, get out of the hobby slowly (Journal & Courier)

Nine-year-old Ben Schiery and his mother, Michele, came early Sunday to the Lafayette Numismatic Society's coin show because he didn't want the "cool ones" to be snapped up before he arrived. . . .

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