Friday, September 29, 2006

Price fall triggers gold rush (DNA, India)

BANGALORE: If you want to buy gold before Diwali, don't wait too long. Or you may have to wait longer.

Even as banks rush to announce schemes to sell gold coins of various denominations to retail buyers, the supply chain that feeds the retail chain is running seriously short of the metal. . . .

Full story at:
http://www.dnaindia.com/report.asp?NewsID=1055204

Rare Charles I coin sells for £241,500 (Daily Mail, UK)

A rare gold coin from the reign of Charles I has sold at auction for £241,500, to an anonymous buyer.

Full story at:
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=407273&in_page_id=1766&ito=1490

Farewell, my lovely penny (Sun Media)

OTTAWA -- Penny Psychosis. What's happening to us? I was in a store and a guy accidentally dropped a penny, and he knew he dropped it, and he didn't pick it up, he walked out, he couldn't care less.

Worse: Neither did I.

Full story at:
http://money.canoe.ca/News/TopPhoto/2006/09/26/1899776-sun.html

Loss ‘more than just home insurance’ for Salisbury man (Press Release)

A Wiltshire man has been left counting the cost of more than just his home insurance claim after burglars ransacked his home for last week.

Full story at:
http://www.kwik-fitinsurance.com/news/Home-insurance/loss-%E2%80%98more-than-just-home-insurance%E2%80%99-for-salisbury-man-$568.htm

Five great ways to start a bidding war on eBay (bytestart.co.uk)

Imagine just two people in the whole wide world want something you are selling ….. just two people ….. now imagine more than two people, many more ….. imagine fierce fighting where you are the eventual winner. . . .

Full story at:
http://www.bytestart.co.uk/content/24/24_3/selling-on-eBay-tips.shtml

RANDOM THOUGHTS: The story of the USS Tennessee (Crossville Chronicle)

When people think of Tennessee, it is mountains that come to mind, not oceans. That makes Tennessee's role in naval history especially interesting. Last July this column told the long, proud history of the USS Nashville. Last month another chapter came to life in a National Geographic television special.

They followed the ship Odyssey in its search for the sunken SS Republic, a civilian steamer. In October 1865, it left New York headed for New Orleans with a full load of passengers and $400,000 in gold and silver coins to help in the South's reconstruction. . . .

Full story at:
http://www.crossville-chronicle.com/columns/local_story_249115501.html?keyword=topstory

Author recounts search for 'Treasure Ship' (Statesman Journal)

"Treasure Ship: The Legend and Legacy of the S.S. Brother Jonathan," by Dennis M. Powers
Citadel/Kensington, New York; $21.95; ISBN 0-8065-2747-1

Dennis M. Powers lives in Ashland. A former attorney, he turned to writing 15 years ago and has published six nonfiction books. His new book begins with the final voyage of the steamship Brother Jonathan. The 220-foot side-wheeler left San Francisco on July 28, 1865, and headed north for Victoria, British Columbia. She carried 244 people and a large amount of cargo.

There also were crates of newly minted $20 gold pieces, bars of gold, cash and jewelry. The total worth, not counting what the passengers carried, was estimated at $250,000 -- worth more than $40,000,000 today. . . .

Full story at:
http://www.statesmanjournal.com/apps/pbcs.dll/article?AID=/20060903/LIFE/609030301/1059

Monaco Financial Fights "Theft" Seizure of S.S. Central America Ingots (Press Release)

Six California Gold Rush Ingots & Gold Coin forcibly seized by U.S. Marshall. "Absolutely Outrageous", says Adam Crum, V.P. of Monaco. "Robbed" of S.S. Central America famous treasures on display at Monaco's $10 million Gold Rush Exhibit, Officials say "We Will Vigorously Fight!"

Full story at:
http://www.24-7pressrelease.com/view_press_release.php?rID=18421

Price of making money going up (Business First)

Gibraltar Industries is keeping a close eye on the U.S. Mint, which is slated to end its fiscal year on Saturday, September 30th.

Full story at:
http://www.bizjournals.com/buffalo/stories/2006/09/25/daily39.html?from_rss=1

Old San Francisco Mint Has New Lease On Life (KPIX-TV)

(BCN) SAN FRANCISCO The old U.S. Mint, which was commissioned in the Gold Rush era and withstood the 1906 earthquake, was leased today as part of a plan to create a San Francisco Museum and adjoining commercial district.

Full story at:
http://cbs5.com/local/local_story_270124635.html

Wednesday, September 27, 2006

Ingots seized at LB expo (Numismatic News)

Spice was added to the usually staid and unruffled Long Beach Coin, Stamp and Collectibles Expo Sept. 14 with the use of a rare maritime attachment writ to haul off recovered sunken treasure from the exhibition space of Monaco Financial, whose extensive display of recovered coins from the S.S. Central America had captivated visitors at the August American Numismatic Association convention in Denver.

Full story at:
http://www.numismaticnews.net/Default.aspx?tabid=1739&articleid=3949&articlemid=4642#4642Articles

Coins tally $13 million for Heritage (Numismatic News)

A 1794 Flowing Hair silver dollar changed hands for $264,500 in Heritage Auction Galleries’ Sept. 13-16 U.S. coin auction at the Long Beach Expo.

Full story at:
http://www.numismaticnews.net/Default.aspx?tabid=1739&articleid=3952&articlemid=4642#4642Articles

Different 'heat' levels signs of a normal market (Coin World)

Some market segments are hot. Some are cold. Others are warm. This is what occurs in a normal market – various series doing their own thing, rather than an all-out upsurge in demand and prices in an overall bull market, as we've seen during most of the past three to four years.

Full story at:
http://www.coinvaluesonline.com/content.asp?content=story&news_id=583&visitor={09594BEA-09B4-4FEA-9E91-0BDB4930A7D6}

Small-size currency: Six types since 1929 reduction (Coin World)

It has been 77 years since the size of United States paper money was reduced, and since then Americans have used six different kinds of paper money, which can cause confusion and even consternation among new collectors trying to differentiate among them all.

Full story at:
http://www.coinworld.com/news/100906/BW_1009.asp

Special Instructions for Submitting 20th Anniversary Eagles to NGC (Press Release)

In celebration of the Twentieth Anniversary of the American Eagle Bullion Program, the US Mint is issuing special commemorative sets. The Mint will be selling three different sets which include three different formats of both the silver and gold American Eagle, including a proof coin, an uncirculated coin with W mintmark, and a reverse proof.

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=405

Tuesday, September 26, 2006

Statuesque inspiration: Four State quarters bear designs based on famous statues (Coin World)

Statues have been the inspiration for four of the designs used on State quarter dollars so far.

Full story at:
http://www.statequarters.com/News/2006/100906.asp

First Strike Coins - A Marketing Goldmine (About.com)

Learn What a First Strike Coin Really Is (and Isn't)

I recently received a call from a dealer who offered me a chance to buy the new 24k Gold Buffalo in a “First Strike” holder with a grade of MS70. Although my collection does not include “First Strike” coins, this made me curious to learn more about what “First Strike” really means. . . .

Full story at:
http://coins.about.com/od/coingrading/a/first_strike_co.htm

Gobrecht coined Seated Liberty,the Flying Eagle (York Daily Record)

A recent news article featured Don Everhart II, the native Yorker who was the sculptor and engraver of the obverse (face) of the 2005 Jefferson nickel. He follows in the footsteps of Christian Gobrecht, another York County native who became a well-known engraver at the United States mint. . . .

Full story at:
http://www.ydr.com/hanoveradams/ci_3256410

Symposium Sifts through Yale Coin Collection for Clues to Roman Empire in Asia (Yale Univ Press Release)

New Haven, Conn. — On October 6–7, Yale will host a symposium using the Yale Art Gallery’s prodigious collection of coins, paper money and medals from the eastern reaches of the Roman Empire to better understand the civilization that flourished there two thousand years ago. . . .

Full story at:
http://www.yale.edu/opa/newsr/06-09-26-02.all.html

‘Bargains’ that seem too good to be true are usually turkeys (Columbus Dispatch)

Coin Comment

Dear Mr. Stebinsky: Recently, an offer came in the mail telling me that I would be sent $1 million in cash. All I had to do was pay postage and handling, $15 and $5; more if I wanted $2 million in cash. . . .

Full story at:
http://www.dispatch.com/features-story.php?story=dispatch/2006/09/24/20060924-H6-02.html

Before You Leave The Beaten Path... (Business Week)

Brokers can tell compelling stories about quirky ways to diversify, but take a good look at the details before you leap

"Sure, it's risky, so you should only invest 5% of your assets." How many times have you heard that caveat tacked on to a sales pitch from a broker or adviser trying to get you to invest in some quirky venture? If you're not careful with those 5% or 10% bets, you can quickly end up with 25% or more of your portfolio sitting far out of the mainstream, in what are often illiquid investments. Still, those targeted bets could make sense if you tend to have nearly all of your liquid net worth tied up in U.S. stocks and bonds. . . .

Full story at:
http://www.businessweek.com/magazine/content/06_40/b4003105.htm?campaign_id=rss_magzn

Tapping a vein (Asbury Park Press)

Online marketplaces like eBay have turned everything from baseball cards to weather vanes into hot collectibles.

Origin: Your grandfather's stuffed blowfish may not be worth anything, but if you have one that Elvis kept on his nightstand, that would be a different story. It would be worth even more if it was autographed. . . .

Full story at:
http://www.app.com/apps/pbcs.dll/article?AID=/20060924/BUSINESS/609240387

A Penny Here, a Nickel There (Los Angeles Times)

Christopher Hall, 33, has been saving small change all of his life. When he was 13, his mother gave him a coin-counting machine. Ever since then, whenever there was something big that he couldn't quite afford, he'd cash in jars full of coins.

Full story at:
http://www.latimes.com/business/la-fi-perfin24sep24,1,255222.column

Fewer coins in circulation (The Economic Times)

NEW DELHI: The amount of coins in circulation is down nearly 37% to Rs 95 crore at the end of August from Rs 150 crore in March, but this does not mean that it’s time to start stocking metals just yet.

Full story at:
http://economictimes.indiatimes.com/articleshow/2022892.cms

Sunday, September 24, 2006

Collectors Fear That DOS Will Support China and UNESCO (PRWEB)

Collectors, Museums and the Antiquities Trade have opposed the imposition of import restrictions on cultural property, putting them into direct contention with archaeologists on the Cultural Property Advisory Committee.

(PRWEB)September 20, 2006 -- In February of 2005, the Cultural Property Advisory Committee, an element of the U.S. State Department's Bureau of Educational and Cultural Affairs, began deliberations on a request for import restrictions by the People's Republic of China. What the Chinese government seeks, under a 1983 U.S. law known as the Convention on Cultural Property Implementation Act (CPIA), is that broad categories of objects manufactured in China prior to 1911 be restricted from importation into the U.S. ostensibly to preserve the cultural heritage of China.

Full story at:
http://www.prweb.com/releases/2006/9/prweb439260.htm

Finalists for state quarter narrowed to five (KJRH-TV)

Five proposed designs for the state quarter remain after tabulation of more than 267-thousand votes from Oklahomans.

Full story at:
http://2worksforyou.com/news/stories/quarter.shtml

Friday, September 22, 2006

Superior to Offer $1 Million No Reserve Nevada Collection in November 16-17, 2006 Elite Coin Auction in Santa Clara (Press Release)

Superior Galleries ("Superior") (OTCBB:SPGR - News) is pleased to announce its November 16-17, 2006 Elite Auction, which will be the official auction of the Santa Clara Coin Expo. Among numerous private collections, Superior is particularly pleased to be offering The Nevada Collection, a $1 million connoisseur's collection of United States coins, to be sold completely without reserves.

Full story at:
http://biz.yahoo.com/bw/060921/20060921006007.html?.v=1

A Penny ... Not Even For Your Thoughts! (Magic City Morning Star)

The poor penny. Whatever happened to “A penny saved is a penny earned”? I was in line at a fast food restaurant recently to grab a coffee to go, when a couple in their 20’s ahead of me stepped forward toward the counter in the roped off rat maze we were corralled in. The girl already had her money out, and dropped a penny on the floor. She began to bend down to pick it up, and halfway to the floor, waved her hand in disgust and said, “Ah, I’m not going to bother to pick it up.” This seemingly bizarre behavior intrigued me. Obviously, the girl didn’t want the penny. The funny thing is, knowing this, as I moved forward, I didn’t bother to pick it up either!

Full story at:
http://magic-city-news.com/article_6658.shtml

Royal Canadian Mint welcomes Mint officials from around the world as it celebrates its success in foreign markets (Press Release, Canada)

The Royal Canadian Mint (RCM) is pleasedto announce that it is hosting the Technical Committee of the Mint Directors'Conference (MDC) World Minting Community from September 18 to 21, 2006. Themeeting will bring together officials from 15 national mints and 9organizations from around the world to exchange information and discuss commonchallenges in an age of global change.

Full story at:
http://www.cnw.ca/fr/releases/archive/September2006/18/c7190.html

THE US MINT NEWS STORY IN PERSPECTIVE (FMNN)

The recent United States Mint warning regarding NORFED and the Liberty Dollar offers a rare opportunity. Let's face it, it had to happen... with the growth and prevalence of the Liberty Dollar over the last eight years, the Government had to respond.

Full story at:
http://www.freemarketnews.com/Analysis/26/6013/EMA-TEMPLATE.asp?wid=26&nid=6013

Convicted Coin Dealer Emphasizes Faith In Rare Interview (WHIO-TV)

A rare coin dealer convicted of illegally funneling money to President George W. Bush's re-election campaign said he survived his legal ordeal thanks to his wife and his faith.

Full story at:
http://www.whiotv.com/news/9910386/detail.html

Rare coins sometimes prove to be a golden investment (The Jackson Sun)

Inflation fears.

War in the Middle East.

A weakened dollar. Rising gas prices.

Sound familiar?

This scenario is what occurred when gold prices briefly touched more than $850 per ounce in 1980. For the year, the price of gold averaged $675 per ounce . . .

Full story at:
http://www.jacksonsun.com/apps/pbcs.dll/article?AID=/20060917/BUSINESS/609170304/1046

Not just small change: Traders can tell if a coin is worth big bucks or a few cents (The Jackson Sun)

The middle-aged woman glanced over her shoulder before dumping a few chipped coins from the cracking, leather coin purse in front of Corbitt Chandler.

"I was hoping you could tell me if these are worth anything," she whispered to Chandler, a coin dealer from Birmingham, Ala., who attended last weekend's coin show at the Madison County Election Commission building.

Full story at:
http://www.jacksonsun.com/apps/pbcs.dll/article?AID=/20060917/BUSINESS/609170305/1046

Scammers want big bucks for old coins (Weekend Herald, NZ)

A Rotorua coin collector says people paying thousands of dollars for coins about to be phased out of circulation are being duped.

Full story at:
http://www.nzherald.co.nz/section/story.cfm?c_id=1&ObjectID=10402473

Possible White House loot from 1814 at centre of shipwreck dispute (Canadian Press)

A stash of loot possibly stolen from the White House in the early 1800s is at the centre of an international dispute over who owns the bounty that now rests in a watery grave off the Nova Scotia coast.

Full story at:
http://www.canada.com/cityguides/halifax/info/story.html?id=d6c55d26-bc03-467c-8100-107755728dfd&k=11400

Catoosa County man accused of $180,000 eBay fraud (Rome News-Tribune)

A Catoosa County man accused of defrauding more than $180,000 from Ebay users appeared in US District Court to face charges today.

Full story at:
http://news.mywebpal.com/partners/680/public/news749200.html

Thursday, September 21, 2006

Two Numismatic Icons Combine Talents (Press Release)

Stack’s of New York City and American Numismatic Rarities (ANR) of Wolfeboro, New Hampshire announce they will be merging their efforts in the numismatic marketplace. Stack’s and ANR are combining forces under the Stack’s banner to create a firm that includes a virtual Who’s Who of Modern Numismatics. As the firms move forward together, the legacies and talents of Stack’s, ANR, Harvey G. Stack, and Q. David Bowers will offer to the collecting public the finest numismatic service organization in history.

Full story at:
http://www.anrcoins.com/currentnews.aspx#Icons

BIPARTISAN LINCOLN COMMERATIVE DOLLAR BILL ON ITS WAY TO PRESIDENT’S DESK (Press Release)

U.S. Senator Dick Durbin (D-IL) today announced the Senate passed legislation which directs the Secretary of the Treasury to issue 500,000 one-dollar commemorative coins to honor the 200th anniversary of the birth of Abraham Lincoln. The bill was authored by Rep. Ray LaHood (R-IL) in the House and by Durbin in the Senate, both of whom are co-chairmen of the Abraham Lincoln Bicentennial Commission. The House passed the bill on Wednesday and the legislation now heads to the President for his signature.

Full story at:
http://durbin.senate.gov/record.cfm?id=262729

Shipwreck discovery sets off international storm (CanWest News Service)

An American shipwreck hunter has found ''thousands of coins'' and other artifacts at a site off the coast of Nova Scotia where a War of 1812 gunboat thought to be carrying White House plunder sank in a storm on its return to Canada after the ransacking of Washington.

Full story at:
http://www.canada.com/cityguides/winnipeg/info/story.html?id=f4592d1a-4a04-4f72-b236-203d3de039bf&k=13774

CENTRAL BANK ISSUES SILVER COIN DEDICATED TO 15TH ANNIVERSARY OF INDEPENDENCE (Press Release, Armenia)

The presentation of a silver coin, 5,000 drams in value, dedicated to 15th anniversary of independence was late for one hour planned within the framework of Armenia-Diaspora conference. By 2 p.m., 10 such coins were sold for 75,000 Armenian drams. Central Bank officials said they were mainly bought by Diaspora Armenians.

Full story at:
http://www.panorama.am/index.asp?sel=8012&l=e

Wednesday, September 20, 2006

Ableauctions - Goldberg Coins and Collectibles' ''Pre - Long Beach'' Auction Sells over $290,000 on the Internet (Broadcast Newsroom)

Ableauctions.com (AMEX:AAC) announced today that the Goldberg Coins and Collectibles "Pre - Long Beach Sale" held September 10th to September 13th, 2006, realized over $290,000.00 in Internet sales and attracted over 700 Internet bidders. Highlights of the event included the following sales: 1891 - S $5 Liberty. NGC Graded Proof 64 Ultra Cameo Triple Struck with Reverse Rotation $31,200 1903 Morgan Dollar. PCGS graded Proof 66 $6,240 1884-S Morgan Dollar. NGC graded MS-61 $6,000 Great Britain. 5 Guinea, 1687 $14,400 Sweden. 2 Ducats, 1838-AG $5,040 Italy. 50 Lire, 1891-R $8,640 . . .

Full story at:
http://www.broadcastnewsroom.com/articles/viewarticle.jsp?id=66950

Charles I coin expected to fetch £200,000 (The Guardian)

A rare gold coin from the reign of Charles I is expected to fetch £200,000 at auction next week.

Full story at:
http://www.guardian.co.uk/uk_news/story/0,,1876305,00.html

Tuesday, September 19, 2006

Despite expert advice, friends want more info on Civil War find (The Times and Democrat)

Nearly three years ago, using the metal detector his wife had given him for Christmas, Leon Dykes of Orangeburg discovered something curious in his yard.

“The detector started going off,” he said, “so I began digging in that spot.”

Dykes said he soon saw a “little metal tube sticking up.” The tube was broken open, and in it was a document wrapped in heavy yellow plastic and an old coin.

Full story at:
http://www.thetandd.com/articles/2006/09/19/news/doc450f58fe5facd359684971.txt

Sovereign Exploration Associates International, Inc. Announces Update of Fantome Cove Recovery Efforts (PR Newswire)

Sovereign Exploration Associates International, Inc. ("Sovereign") (OTC Bulletin Board: SVXA - News), a company with portfolio investments in maritime artifact exploration, discovery, and recovery, announced that its wholly owned portfolio company, Artifact Recovery and Conservation Inc. (ARC), completed its Fantome Cove reconnaissance efforts under a Class A permit on September 1, 2006. "ARC's sensing identified two very large concretion fields," said Captain Robert MacKinnon, President of ARC. "Our divers observed flatware, artifacts, ship fittings and thousands of coins in the concretions. While our science team has not positively identified the vessels on the site, the new data combined with last year's recoveries under our 2005 Class B recovery permit clearly establish the site as one of significant historical importance."

Full story at:
http://biz.yahoo.com/prnews/060918/nem041.html?.v=44

Medieval coins at local Museum (LakelandRadio, UK)

A hoard of medieval coins has gone on display at Kendal Museum 360 years after being lost or hidden in Westmorland.

The coins were found by a metal detector user on farmland in Hincaster in July 2004, and all are official silver issues of the English monarchs Elizabeth the 1st, James the 1st and Charles the 1st.

Full story at:
http://www.lakelandradio.co.uk/cms/content/view/7028/59/

Escala's Spanish Inquisition (MSNBC)

As investigations intensify, the auction house severs ties with its parent.

It was hardly surprising the other day when Escala(NASDAQ:ESCL), the U.S.-based stamp supplier of Spanish auction house Afinsa Bienes Tangibles, announced it was delaying the filing of its annual financial report.

Full story at:
http://msnbc.msn.com/id/14851357/

Monday, September 18, 2006

NGC Relocates to Larger Facilities (Press Release)

At the end September 2006, NGC will occupy a new building in Sarasota, Florida. This 60,000 square feet purpose-built facility will house all the Certified Collectibles Group companies, providing additional room to expand and increasing operational efficiency. The new structure also incorporates state-of-the-art security enhancements and cutting edge storm-resistance features.

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=401

New Uncirculated American Eagles Available September 28 (Press Release)

The United States Mint’s annual catalog – the 2006 Holiday Collection – not only celebrates history with the American Buffalo Proof Coin, the 20th Anniversary Eagle Sets, and the San Francisco Old Mint Commemorative Coins, but also makes history with the introduction of American Eagle Uncirculated Coins in silver, gold and platinum.

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=712

A Penny for their memories (York Daily Record)

Readers share their thoughts on the one-cent coin and a proposal to remove it from circulation

For the second time in five years, a bill is circulating in Congress that would remove the penny from circulation.

Full story at:
http://www.ydr.com/livingfull/ci_4351908

Frisco's Old Mint commemorated (The Star Ledger)

WHEN SAN FRANCISCO was devastated by the great earthquake of 1906 and subsequent fires, one of the few buildings left standing was the Old U.S. Mint, called the Granite Lady, which became a rallying point for the rebuilding of the city.

The U.S. Mint is observing the 100th anniversary of the event with gold and silver Old San Francisco Mint commemorative coins that now can be ordered for shipment in December. Prices go up after Oct. 17 if any remain.

Full story at:
http://www.nj.com/living/ledger/index.ssf?/base/living-0/1158467606174210.xml&coll=1

Sunday, September 17, 2006

Otsego auctioning off seized coin collection (The Daily Star)

A coin collection appraised at about $20,000 and complete with a
The coin collection seized from a former Decatur man who was convicted of second-degree criminal possession of marijuana is seen Friday. The coins are being sold by the Otsego County District Attorney’s Office.

Full story at:
http://www.thedailystar.com/news/stories/2006/09/16/coins4.html

First Strike Coins; Buyers Beware (GoldSeek.com)

With the release of the U.S. Mint's new pure gold American Buffalo gold coin, First Strike coins have again become telemarketers' favorites. Despite the U.S. Mint maintaining that there is no widely-accepted and standardized numismatic industry definition of "first strike" coins, they definitely exist in the coin industry, and potential buyers need to be aware just what First Strike coins are and why they are promoters' favorites.

Full story at:
http://news.goldseek.com/GoldSeek/1158332430.php

Thursday, September 14, 2006

Feds lower boom on alternative money (USA Today)

The government Thursday warned consumers and businesses that it is illegal to use alternative money known as "Liberty Dollar" coins, which organizers promote as a competitor to the almighty dollar.

Full story at:
http://www.usatoday.com/money/2006-09-14-liberty-usat_x.htm?csp=34

Mint director pledges safe workplace (Denver Post)

Responding in part to events in Denver, new U.S. Mint Director Edmund Moy in his first week on the job reminded all employees that sexual harassment is not tolerated.

Full story at:
http://www.denverpost.com/ci_4338052?source=rss

Pastime can be profitable (Bradenton Herald)

Area collectors find formulas for success in tough trade

This week John Maben Rare Coins will move into a store three times the size of its current location on Town Center Parkway at Lakewood Ranch. The store, which opened two years ago, will also add four employees.

"Within a year I knew we were going to have to move out," said John Maben. "We needed more space."

Some months the store does more than $1 million in sales, Maben said. The store also does more than half of its business online, using its Web site www.moderncoinmart.com and selling on eBay with the same name. The company is one of the online auctions site's largest coin sellers.

Full story at:
http://www.bradenton.com/mld/bradenton/business/15500618.htm?source=rss&channel=bradenton_business

Dutch government tries to gather old coins (UPI)

The Dutch government is trying to collect some of the billions of old guilder coins from before the euro era.

Full story at:
http://www.upi.com/NewsTrack/view.php?StoryID=20060913-015059-3662r

Elongated Penny Guy Has Smashing Passion (The Signal)

Oded Paz is not crazy.

At first he though he was. One day, when he took his family to Universal Studios, he came across a penny-smashing souvenir machine. Put in 50 cents and a penny, and you receive an elongated souvenir cent with a unique design.

Full story at:
http://www.the-signal.com/?module=displaystory&story_id=32645&format=html

Memorial Twin Towers coin 'tasteless' (News.com.au)

A COIN-minting company in the United States has produced a memorial coin to the September 11, 2001 attacks on the United States which have been described as "shameless profiteering" and "super-kitsch".

The National Collector's Mint, a private company not affiliated with the US Mint, has created a two-piece commemorative coin set which in the maker's words, "transforms into a magnificent standing sculpture of the Twin Towers," complete with gold and silver "recovered from Ground Zero."

Full story at:
http://www.news.com.au/story/0,10117,20390571-401,00.html?from=public_rss

GSA Gold (BellaOnline)

From time to time there is something new that pops up in the field of Numismatics that creates greater interest in our hobby of Coin Collecting, and it is seldom that the new discovery or twist within the industry is a real or genuine. That is why I became excited when the release of GSA United States Gold was announced. It is a pedigree attached to a coin that is known within the Coin Industry, and instead of only being attached to Silver Dollars, it now has an attachment to a small number of Gold Coins. This is very exciting! What is the GSA pedigree? Let me explain.

Full story at:
http://www.bellaonline.com/articles/art45848.asp

Collectors Universe Announces Fourth Quarter and Fiscal Year 2006 Results (PRNewswire)

Net Revenues Up 10% Year-over-Year and 25% Quarter-over-Quarter

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 to sellers and purchasers of diamonds, colored gemstones and other high value assets, today announced financial results for the fourth quarter and fiscal year ended June 30, 2006.

Full story at:
http://biz.yahoo.com/prnews/060913/law090.html?.v=65

Noe gets 27 months in prison; ex-coin dealer says he was pressured by Bush campaign (ToledoBlade)

Tom Noe, the GOP fund-raiser at the heart of Ohio’s biggest political scandal in a generation, claimed that pressure from the Bush-Cheney campaign led him to commit the campaign-finance crimes for which he was sentenced yesterday to federal prison.

Full story at:
http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060913/NEWS02/609130428

Ultimate Shopping Network Records Best Sales Month Ever for Coins; Results Fueled by High Demand for 24k American Buffalo Gold Coins (PRNewswire)

$2 Million in Revenue Achieved on Record Sales of More Than Two Thousand of the Highly Collectible American Buffalos

USN Corporation (OTC Bulletin Board: USNR - News; "USN"), owner of the "Ultimate Shopping Network," announced today its best monthly coin sales ever, fueled by high demand for the network's stock of the U.S. Mint's 24 Karat American Buffalo Gold coins. Offering some of the industry's lowest prices on a broad range of coin grades, from the first strike, mint-state (MS) 70 American Buffalos available at $999 to the ultra-rare proof issue, first strike, PCGS-PR70DCAM selling for $4,995, USN has become the retailer of choice for coin collectors and investors across the nation.

Full story at:
http://biz.yahoo.com/prnews/060912/latu070.html?.v=70

Liberty Dollars Not Legal Tender, United States Mint Warns Consumers (Press Release)

Justice Determines Use of Liberty Dollar Medallions as Money is a Crime

The United States Mint urges consumers considering the purchase or use of “Liberty Dollar” medallions, marketed by the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code (NORFED), to be aware that they are not genuine United States Mint bullion coins, and not legal tender. These medallions are privately produced products that are neither backed by, nor affiliated with, the United States Government. Prosecutors with the Department of Justice have determined that the use of these gold and silver NORFED "Liberty Dollar" medallions as circulating money is a Federal crime.

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=710

North Dakota Official First Day Coin Cover Available September 25 (Press Release)

The United States Mint announced today that 50,000 limited-edition North Dakota Official First Day Coin Covers will be available online at www.usmint.gov, beginning at noon (ET) on September 25, 2006.

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=711

Wednesday, September 13, 2006

Historical Exhibitions & Price Records Shattered at ANA: Monaco Rare Coin Purchases 4th-Rarest Regular Issue US Coin for $1,610,000 (Press Release)

Prices realized on true rarities shattered records at this year's ANA World's Fair of Money in Denver last month. Most notably, gold rarities set the pace, but anything truly rare -- whether it was silver, copper, nickel or gold -- was worthy of applause. . . .

Full story at:
http://www.zoomcoin.com/ Click on "Coin News link on the left.

$10 Million Gold Rush-Era and BEP Exhibits At September '06 Long Beach Expo (Press Release)

California Gold Rush-era ingots and coins valued at approximately $10 million and the Bureau of Engraving and Printing's popular "Billion Dollar Display" will be exhibited during the Long Beach, Coin, Stamp & Collectibles Expo in the Long Beach, California Convention Center, 100 S. Pine Ave., September 14 -16, 2006.

Full story at:
http://www.pcgs.com/articles/article_view.chtml?artid=4784&universeid=313

Coin Dealer or Mint Lackey (NGC News)

We are in the midst of a multi-tiered coin market that has many dealers wondering if they are real numismatists or just unpaid representatives of the U.S. Mint actively supporting the secondary market for mint products. The recent release of the $50 Gold Buffalo has taken well over $300 million out of the coin market. This is money that potentially could have been used to buy U.S. Gold along with other bullion related items. Presumably, some of this money could have been used to purchase real numismatic rarities as well.

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=399

Monday, September 11, 2006

It's too soon to make money off of tragedy (The Press Tribune)

Monday will mark five years since the tragic events of Sept. 11, 2001. Not a long time in the grand scheme of things, but it can feel like another lifetime ago. . . .

Which is why I found it so disturbing while I watched TV a few nights ago. A commercial came on to hawk a product that made me physically ill. According to the 60-second spot, the National Collector's Mint has produced a "World Trade Center Gold and Silver Clad Commemorative Coin." . . . .

Full story at:
http://www.thepresstribune.com/articles/2006/09/08/opinion/columnists/01sherri.txt

Hudson man's all was in that safe (St Petersburg Times)

His live-in girlfriend and two unidentified accomplices stole his valuables, including three rare coins worth thousands, authorities say.

Full story at:
http://www.sptimes.com/2006/09/09/Pasco/Hudson_man_s_all_was_.shtml

Colorado seeks aid in probe of coin dealer (Toledo Blade)

Colorado authorities are tapping into the National White Collar Crime Center to aide in their investigation of Michael Storeim, the rare-coin dealer who ran the Denver-area subsidiary of Ohio's $50 million rare-coin fund, Investigator Christopher Nelson of the Jefferson County, Colorado, sheriff's office said yesterday.

Full story at:
http://toledoblade.com/apps/pbcs.dll/article?AID=/20060811/NEWS03/608110370

Proposals make changes in our change (Bradenton Herald)

As much as technology has altered lives around the world - remember the typewriter? - many people cling to old habits. For instance, pricing gasoline in tenths of a cent as in $2.97.9 per gallon. We don't question why it's done. It just is. It's like Tevye in the musical "Fiddler On The Roof." When asked why he did certain things he may not have had a good answer. He just said, "It's tradition."

Long ago, Canada and Mexico successfully abandoned their traditional small denomination paper dollars and pesos for coins. Try as the U.S. Mint has to introduce dollar coins, each attempt has gone down in flames. American consumers and retailers have shunned both Susan B. Anthony and Sacagawea dollar coins, claiming they're too heavy. At the same time, Americans lug around pocketfuls of pennies and get furious at the thought of discontinuing them. . . .

Full story at:
http://www.bradenton.com/mld/bradenton/living/home/15453811.htm?source=rss&channel=bradenton_home

Hurry to return old coins - Reserve Bank (Business Story, NZ)

The Reserve Bank is encouraging people to dig deep into their pockets for old coins as they will soon cease to be legal tender.

It has been over a month since the introduction of smaller, lighter 10c, 20c and 50c coins.

http://www.stuff.co.nz/stuff/0,2106,3793775a13,00.html

Amazing what you can dig up in Africa (TheTimesOnline, UK)

Not that long ago a chap from the town where I live took his metal detector for a walk in some local fields and found a hoard of coins, one of which revealed the existence of a Roman emperor who was not mentioned in any of the history books.

http://www.timesonline.co.uk/article/0,,24389-2350344,00.html

Saturday, September 09, 2006

Smart Money Column with a few Coin Related Questions (Cincinnati Post)

DEAR BRUCE: Our non-coin-collecting family has inherited a modest collection of coins, and we don't know what to do with them. We're unsure of their value, and we don't know how to liquidate them. Any suggestions?

DEAR BRUCE: In a recent column, you stated, "Gold coins are relatively easy to liquidate. Any major coin dealer can handle those." . . .

http://news.cincypost.com/apps/pbcs.dll/article?AID=/20060905/BIZ/609050315

Friday, September 08, 2006

Long Beach Coin, Stamp, & Collectible Expo

Special Attractions (September 2006)

An outstanding exhibit of California Gold Rush-era ingots and coins valued at approximately $10 million will be displayed during the September 2006 Long Beach Expo by Monaco Financial of Newport Beach, California.

http://www.longbeachshow.com/

Prosecutors say coin dealer should get more prison time (Cincinnati Enquirer)

A prominent GOP fundraiser who pleaded guilty to funneling $45,000 to President Bush's re-election campaign should get more prison time than originally recommended, in part because he made other illegal contributions to candidates for statewide office in Ohio, federal prosecutors said Tuesday.

http://news.enquirer.com/apps/pbcs.dll/article?AID=/20060906/NEWS01/609060381

Peter David's enthusiasm for coin collecting is bound to be infectious. (Sydney Morning Herald, AU)

Your average punter may not know or care much for numismatology - the collection of coins and medals - but Peter David's enthusiasm for the hobby is bound to be infectious.

http://www.smh.com.au/news/tv-reviews/collectors/2006/09/07/1157222252749.html

Sumter Woman Finds Possible Ancient Coin In Grocery Change (WLTX-TV)

When the coins come out of the cash drawer, they all sound the same. And when Lynn Moore picked up her change and walked out of a Sumter Bi-Lo last November, she had no reason to believe her coins were any different.

http://www.wltx.com/FYI/story.aspx?storyid=41584

Providing evidence pays for Dover coin dealer (Delaware News Journal)

Dover coin dealer Steve Bryan couldn't believe his luck when he learned of an unexpected windfall from a thief's Wednesday plea bargain in Washington.

http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20060907/NEWS/609070363/-1/NEWS01

Flawed $100 bills could be worth $3,000 (Delaware News Journal)

Possible rare printing mistake excites currency collectors

Steve Bryan, owner of Mid-Atlantic Coins, shows copies of flawed $100 bills he purchased recently. The bills have no serial numbers on them, a possible printing error that may make them valuable.

If you're lucky enough to have $100 bills, take a close look.
A possible printing error -- the lack of serial numbers -- could make them worth $3,000 or more.

http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20060620/NEWS/606200351/1006/NEWS

The day after thousands of people attended the bicentennial concert, a different crowd filled Kirby Park on Monday (The Citizens Voice)

About 30 people with metal detectors went on a scavenger hunt at the park, combing every inch, looking for treasures. They didn’t find much, but they showed that prospecting is still alive.

http://www.citizensvoice.com/site/news.cfm?newsid=17151287&BRD=2259&PAG=461&dept_id=455154&rfi=6

Wednesday, September 06, 2006

Future of the hobby - Generating interest in young collectors important to future of coin collecting (Coin World)

"Youngsters are important to the [coin collecting] hobby. They are the future for all of us." – Q. David Bowers

While young collectors may be more prevalent in the hobby today than ever before by at least one measure, efforts need to be made by adult collectors everywhere to ensure that these young collectors stick with the hobby and feel passionate enough about it to pass on their knowledge to future generations. This can be done by sponsoring YN events in your area.

http://www.coinworld.com/news/091806/BW_0918.asp

U.S. Coin Highlights At The British Museum (Press Release)

Although the British Museum is known for such famous items as the Elgin Marbles, the Rosetta stone, and their Egyptian collection, few numismatists have noted the important United States coins at that institution. Although the American collection is rather incomplete, it does contain some real stunners. There are early Federal examples that are among the finest known of their date and type, including several coins that were donated near their time of issuance. Sarah Sophia Banks is one of the significant early donors and she (or someone she knew) evidently visited the United States in the 1790s, as her donations contain several coins that are either very early strikes or Master coins.

http://www.pcgs.com/articles/article_view.chtml?artid=4766&universeid=313

Tuesday, September 05, 2006

Coin show to feature Owl Creek Bank notes (Mt Vernon News)

It may not be your father’s money, but it probably is your grandfather’s. The Mount Vernon Numismatic Society will hold its 48th Annual Coin Show at The Dan Emmett Conference Center on Saturday, Sept. 9. The show will feature door prizes, auctions, gold and silver drawings, food and lots of old money.

One of the highlights of the show will be a display about The Owl Creek Bank, the first bank to serve Knox County.

http://www.mountvernonnews.com/local/06/09/05/coin.show.html

The Principle of Sound Money (Book Excerpt)

. . .

The Virtues and Alleged Shortcomings of the Gold Standard

The excellence of the gold standard is to be seen in the fact that it renders the determination of the monetary unit's purchasing power independent of the policies of governments and political parties.

http://www.mises.org/story/2276#2

Reserve Bank museum opens (Scoop, NZ)

Reserve Bank museum opens

The Reserve Bank Museum will be officially opened tonight by Peter Hillary, on behalf of Sir Edmund Hillary, the only living New Zealander portrayed on New Zealand's bank notes.

http://www.scoop.co.nz/stories/BU0609/S00080.htm

ROYAL CANADIAN MINT MARKS 10TH ANNIVERSARY OF THE TWO-DOLLAR COIN (Press Release)

It has been ten years since the introduction of the two-dollar coin into circulation and the Royal Canadian Mint is celebrating this anniversary by launching a commemorative version of the “Toonie”.

http://www.mint.ca/royalcanadianmintpublic/index.aspx?requestedPath=/en-CA/Home/default.htm

Edmund C. Moy Sworn in as 38th Director of the United States Mint (Press Release)

Edmund C. Moy was sworn in today as the 38th Director of the United States Mint by Treasury Secretary Henry Paulson. The United States Senate confirmed Mr. Moy on July 26, 2006. He previously served at the White House as Special Assistant to the President for Presidential Personnel.

http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=709

Monday, September 04, 2006

American Numismatic Society Experiments With New Ways of Reaching Widely Dispersed Audiences (Press Release)

The American Numismatic Society has inaugurated a new program, "Numismatic Conversations," to bring together experts on various numismatic topics with collectors, dealers and scholars, who can take part from different locations. This series of roundtable discussions--each dealing with some aspect of the history of coins and currency, or related subjects such as medals and decorations, tokens, art medallions, and the history of the field of numismatics--will involve more than just an audience gathered from the metropolitan New York City area, taking part in person at the ANS headquarters. Through the application of teleconference and Internet technology, these programs will reach out to interested persons who can't attend in person, as a part of the Society's ongoing effort to use technology to serve its members who are spread throughout the United States and overseas.

http://www.numismatics.org/news/080706PRconv.htm

PCGS Certifies First Perfect Business Strike Cent (Press Release)

It took 20 years and over 160,000 tries, but in August 2006, the Professional Coin Grading Service (PCGS) finally assigned the MS-70 grade to a Lincoln cent struck for circulation. The historic coin is a perfect 2003 Cent in full Red MS-70.

http://www.pcgs.com/articles/article_view.chtml?artid=4779&universeid=313

Ancient coins tell interesting tales (NewKerala, India)

Ajay Dev, a 12th century ruler of the Chauhan dynasty whose kingdom was in Ajmer, loved his wife so much that he had coins issues engraved with her name. Some of his coins are among the over 500 on display at an exhibition of old coins at Jawahar Kala Kendra here.

http://www.newkerala.com/news4.php?action=fullnews&id=16211

Coins Help USS Mesa Verde Gear Up for Commissioning (Military.com)

Despite being battered by Hurricane Katrina for three days in August 2005, USS Mesa Verde (LPD 19), the third amphibious transport docking ship of the U.S. Navy's twelve-ship San Antonio class, is scheduled to be commissioned in June of 2007.

A series of coins honoring USS Mesa Verde and her first crew were recently created in anticipation of the event. The coins were produced by Northwest Territorial Mint, the foremost manufacturer of custom challenge and commanders’ coins for the U.S. Military.

http://www.military.com/features/0,15240,111679,00.html

Lawyer: Coin dealer looking forward to day in court (CantonRep)

Lawyers for the Republican donor at the center of the state’s investment scandal and prosecutors are preparing for a long trial.

http://www.cantonrep.com/index.php?ID=305424

Investors 'should consider rare US coins in portfolio' (London Stock Exchange)

A recent report has claimed that some investors should consider expanding their portfolios with investment grade rare US coins.

http://www.londonstockexchange.com/en-gb/pricesnews/investnews/article.htm?ArticleID=17574351

Common English sovereigns worth their weight in gold (Columbus Dispatch)

COIN COMMENT

Dear Mr. Stebinsky: I have five gold coins from Great Britain.

Three are slightly smaller than quarters and are dated 1890, 1904 and 1907, with Queen Victoria and King Edward VII on them.

http://www.dispatch.com/features-story.php?story=dispatch/2006/09/03/20060903-B6-02.html

Saturday, September 02, 2006

Teletrade's Inaugural Currency Auction Now Online (Press Release)

Teletrade's inaugural currency auction is now online, featuring more than 600 certified notes. As previously announced, Teletrade is offering over 25 National Banknotes from the Peter Huntoon collection.

http://www.teletrade.com/coins/newsevnt/

Why Gold? Why Now?

As we approach the fifth anniversary of the World Trade Center attack, I am struck by the enduring significance of that appalling incident.

While it was by no means the beginning of where the United States finds itself today, that tragic event has certainly moved us towards critical mass, with a far greater impact on our daily lives and the economy than many of us could have imagined five years, two years or even one year ago. We are now not only looking at a war on terror and wars in the Middle East; we are also now looking at the threat of a slowing U.S. economy.

http://www.zoomcoin.com/

$5 coins going cheap at $65 (The Border Mail, Australia)

THREE special coins commemorating 150 years of self governance in Victoria, NSW and Tasmania were launched by the Royal Australian Mint yesterday.

http://www.bordermail.com.au/news/bm/national/401946.html

It makes cents:Time for a change in our change (The Eagle Tribune)

The origins of public disputes are often mysterious, so it's probably pointless to ask why so many people have suddenly started arguing about the continued existence of the U.S. penny. Maybe it's just summer boredom. Maybe it's issue fatigue - a lighthearted escape from the weighty questions of war and terrorism. Whatever the source, one thing is certain: Articles about whether the U.S. government should discontinue minting the 1 cent coin have inspired the greatest eruption of bad headline wordplay in recent memory.

http://www.eagletribune.com/cnhi/eagletribune/business/local_story_244095004?keyword=secondarystory

Friday, September 01, 2006

Over 100 Price Records Smashed At Bowers and Merena ANA Auction (Press Release)

With standing room-only attendance at most of the five sessions, new price record-after-price record was established at the 2006 Denver ANA Auction, August 16 - 19, 2006, conducted by Bowers and Merena as the Official auctioneer of the American Numismatic Association World's Fair of Money® convention in Denver, Colorado. More than 100 new auction records were established and the total prices realized for the historic sale was $17.6 million, including the 15 percent buyer's fee added to all winning bids.

http://www.bowersandmerena.com/articles/article_view.chtml?artid=4114&universeid=494

Will Oklahoma's 2008 State quarter dollar . . .

Program's final year nears

Will Oklahoma's 2008 State quarter dollardesign feature corn or historic event?

It's unlikely that the 2008 Oklahoma quarter dollar will look anything like what many Americans of a certain age may think of when they hear the state's name.

http://www.statequarters.com/News/2006/091106.asp

PCGS-Certified 1861-P Paquet $20 Brings $1.6 Million (PCGS Press Release)

Describing it as "a spectacular rarity," Adam Crum, Vice President of Monaco Rare Coins of Newport Beach, California, was the winning bidder for the 1861 Philadelphia Mint "Paquet Reverse" Double Eagle at the Heritage Auction Galleries sale in Denver, Colorado, August 14. The coin will go on public display starting in January.

http://www.pcgs.com/articles/article_view.chtml?artid=4777&universeid=313