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:
http://seattlepi.nwsource.com/local/297858_nickel30.html?source=rss

Time To Tame The U.S. Mint (Kitco.com)

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:
http://www.kitco.com/ind/bond/dec282006.html

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:
http://www.hopestar.com/articles/2006/12/29/ara/family/783.txt

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:
http://www.journalnet.com/articles/2006/12/31/opinion/opinion01.txt

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.

Abstract

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:
http://www.fpanet.org/journal/BetweenTheIssues/Contributions/080105.cfm

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:
http://prweb.com/releases/2006/12/prweb494283.htm#

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:
http://www.naplesnews.com/news/2006/dec/23/no_longer_just_geeks_rarecoin_market_has_changed/?neapolitan

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:
http://www.dailytribune.com/stories/122606/loc_20061226001.shtml

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:
http://www.theaustralian.news.com.au/story/0,20867,20977921-5006785,00.html

Pair of Gold Coins Fetch $85,000+ at Philip Weiss Sale (News-Antique.com)

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:
http://www.news-antique.com/?id=782070&keys=rare-gold-coins

ALL DOLLAR COINS ARE NOT CREATED EQUAL (Yahoo! News)

(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:
http://news.yahoo.com/s/ucds/20061224/cm_ucds/alldollarcoinsarenotcreatedequal

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:
http://thenumismatist-coincollector.blogspot.com

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' (allAfrica.com)

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:
http://allafrica.com/stories/200612240146.html

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:
http://www.dailyherald.com/business/story.asp?id=263585

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:
http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20061224/NEWS/612240362/-1/NEWS01

CENTRAL BANK ISSUED FOUR COINS WITHIN A DAY (A1+, Armenia)

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:
http://www.a1plus.am/en/?page=issue&iid=44260

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:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=422

Thursday, December 21, 2006

UNIQUE THRACIAN COIN PRESENTED IN BULGARIA (Sofia Echo, Bulgaria)

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:
http://www.sofiaecho.com/article/unique-thracian-coin-presented-in-bulgaria/id_18896/catid_70

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:
http://www.whitehaven-news.co.uk/leisure/viewarticle.aspx?id=447775

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:
http://www.unionsentinel.com/news/2006/1221/Arts_Leisure/040.html

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:
http://biz.yahoo.com/seekingalpha/061220/22732_id.html?.v=1

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:
http://www.connpost.com/entertainment/ci_4874817

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, www.ngccoin.com. 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:
http://www.collectors-society.com/news/viewarticle.asp?IDArticle=420

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:
http://www.ftc.gov/bcp/conline/pubs/alerts/coinalrt.htm

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:
http://www.sentinelandenterprise.com/ci_4866674

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:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=725

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:
http://www.dailyreckoning.co.uk/article/151220065.html

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:
http://www.dnronline.com/news_details.php?AID=7840&CHID=2

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:
http://www.post-gazette.com/pg/06352/747080-28.stm

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:
http://www.zwire.com/site/news.cfm?BRD=1302&dept_id=181990&newsid=17606347&PAG=461&rfi=9

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:
http://apnews.myway.com/article/20061216/D8M1UH0G0.html

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:
http://thenumismatist-coincollector.blogspot.com/2006/12/gold-20-liberty-head-type-1-double.html

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:
http://www.nj.com/news/reporter/index.ssf?/base/news-2/1166042159166510.xml&coll=13

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:
http://www.businessweek.com/ap/financialnews/D8M1D3K83.htm

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:
http://www.stacks.com/auctiondetail.aspx?lsid=AN00000599

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:
http://www.nj.com/living/ledger/index.ssf?/base/living-0/1165729027320830.xml&coll=1

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:
http://www.sun-sentinel.com/business/local/sfl-zfirststrike16dec16,0,2637945.story?track=rss

For definition of First Strike, see blog article at:
http://thenumismatist-coincollector.blogspot.com/2006/09/first-strikes-marketing-gold-mine.html

Misunderstanding Gold (GoldSeek.com)

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:
http://news.goldseek.com/LewRockwell/1166112420.php

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:
http://news.yahoo.com/s/nm/20061215/od_nm/usa_government_survey1_dc_1

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:
http://www.suburbanchicagonews.com/newssun/lifestyles/
175026,5_WA16_talkaboutnickel.article

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:
http://www.rockymountainnews.com/drmn/spotlight_columnists/ 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:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724

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:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=723

Historical coins excavated from Karnal (zeenews.com, 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:
http://www.zeenews.com/znnew/articles.asp?aid=342515&sid=FTP

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:
http://www.chron.com/disp/story.mpl/ap/politics/4406052.html

Thursday, December 14, 2006

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

(SAY GOODBYE TO FIRST STRIKE DESIGNATION AT NGC!)

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:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=419

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:
http://www.dailyreckoning.co.uk/article/111220063.html

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:
http://www.kxly.com/news/?sect_rank=2§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:
http://english.chosun.com/w21data/html/news/200612/200612120017.html

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:
http://www.oregonnews.com/article/20061212/NEWS/61212005/-1/news

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:
http://www.nytimes.com/2006/12/14/business/14pennies.html?_r=1&ref=business&oref=slogin

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:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=418

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:
http://www.pcgs.com/articles/article_view.chtml?artid=4841&universeid=313

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:
http://www.ngccoin.com/news/enews/2006/November/article4.asp

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:
http://www.rutlandherald.com/apps/pbcs.dll/article?AID=/20061207/NEWS/612070359/1004/NEWS03

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:
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=17179

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:
http://www.newsobserver.com/105/story/517350.html

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:
http://www.magicvalley.com/articles/2006/12/06/news/local_state/101999.txt

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:
http://www.connectionnewspapers.com/article.asp?article=74913&paper=59&cat=104

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:
http://www.readingeagle.com/blog/editorials/archives/2006/12/presidential_do.html

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:
http://www.catholic.org/prwire/headline.php?ID=2876

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:
http://www.gazette.com/display.php?id=1327325

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."
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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:
http://www.wcax.com/global/story.asp?s=5779866

Jeweler, coin trader a giver (azcentral.com)

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:
http://www.azcentral.com/community/ahwatukee/articles/1207ar-people1207Z14.html

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:
http://www.wcfcourier.com/articles/2006/12/07/news/regional/64a4a983754e97608625723d0040e366.txt

Reserve Bank runs out of coins in lead up to Xmas (Scoop.co.nz)

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:
http://www.scoop.co.nz/stories/BU0612/S00057.htm

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:
http://www.usatoday.com/news/nation/2006-12-05-us-mint_x.htm?csp=34