Wednesday, January 31, 2007

PCGS Exhibits Finest Early Dollar Variety Collection at Long Beach Expo (Press Release)

To introduce its expanded variety attribution services, Professional Coin Grading Service (PCGS) will display the Hesselgesser Bust Dollar Collection at the Long Beach Coin, Stamp & Collectibles Expo, February 15 - 17, 2007.

"This is the finest collection of Flowing Hair and Bust dollars graded by PCGS using Bolender and Bowers-Borckardt numbers," said BJ Searls, Manager of the PCGS Set RegistrySM.

"The total number of possible varieties in the registry is 117. This exhibit will showcase 106 of them, many among the finest known examples." . . .

Full story at:

Montana's "Big Sky Country" Quarter Launched In Helena (

Quarter-Dollar Features Bison Skull, Symbol of State’s Rugged Independence

Helena, Montana – United States Mint Director Edmund C. Moy today joined Governor Brian Schweitzer; First Lady Nancy Schweitzer; Gary Marks, member of the Montana Quarter Design Selection Commission; and Blackfeet singer and songwriter Jack Gladstone, to introduce the Montana commemorative quarter-dollar in a ceremony at the Helena Civic Center. The Helena High Ambiance Choir led the audience in the State song, a Native American drum group provided an honor song and the Capitol High Jazz Band entertained before and after the ceremony.

The Montana commemorative quarter-dollar coin, released to the American public today, features images of a bison skull hovering in the sky over mountainous terrain. The Montana quarter is the 41st introduced by the United States Mint in its popular 50 State Quarters® Program. . . .

Full story at:

'Surplus' dollar bills no bargain (Deseret News, UT)

The heading in the Deseret Morning News reads: "$3 Million of surplus cash goes up for grabs. Public windfall of remaining uncut sheets of real U.S. Legal Tender being let go at only a fraction of its value. ..."

Beneath the newspaper-layout-style headline is an article by Mary Beth Andrews of Universal Media Services, saying the World Reserve is "dumping its surplus of $3 million dollars of excess cash right in our back yards."

What does that sentence mean? Forget that "$" already means dollars and that a surplus is pretty much the same as an excess; how can any organization dump money?

The ad — for that is what it is, an ad and not really an article, one discovers by reading the relatively small print at the top of the page — is offering uncut pages of legal currency. For $1.09 you can purchase a sheet of four uncut $1 bills, whose face value is $4. . . .

Full story at:,1249,655192399,00.html


A METAL detector enthusiast has unearthed in the West Wight a very rare coin of the first Roman emperor, Augustus.

The silver denarius was found by IW Metal Detecting Club member Rob Gates during a club dig last month. Its mint is unknown but experts say it is probably from the western half of the Roman Empire. How it came to be on the Island is open to speculation. Sam Moorhead, an expert in Roman coins at the British Museum, said the only other published example is in the Bibliotheque Nationale, Paris. . . .

Full story at:

The Franklin Mint Jumps Back into the Coin Business (Press Release)

For the First Time, Art Medals Inspired by Official White House Portraits of William J. Clinton and George W. Bush to be Part of a New, Exclusive, Limited Edition Presidential Series

Company Brings in 36th U.S. Mint Director Jay Johnson as Chief Numismatist

ASTON, Pa.--(BUSINESS WIRE)--The Franklin Mint, the world's leading private mint and most trusted name in collectibles, is getting back into the coin business. The company has announced its first new coin products in almost five years and the appointment of Jay Johnson, the 36th Director of the United States Mint, to the new position of Chief Numismatist.

A collection of art medals, limited to only 30,000 sets, will feature the official portraits of every U.S. President, from George Washington to George W. Bush, and is being offered as the result of an exclusive collaboration between The Franklin Mint and the White House Historical Association. . . .

Full story at:

Jay Johnson gets job with Franklin Mint (The Post-Crescent, WI)

Former Green Bay TV news anchor Jay Johnson, who served one term in Congress, has been named chief numismatist of the Franklin Mint, the Milwaukee Journal Sentinel reported Tuesday.

The Pennsylvania-based Franklin Mint is a private company that sells collectibles that include commemorative coins. . . .

Full story at:

Tour promotes new dollar coin (Record Journal, CT)

MERIDEN - George Washington is getting the rock star treatment, thanks to the U.S. Department of the Treasury.

The Father of Our Country - or at least a reasonable facsimile thereof - is the subject of the first presidential dollar coin, which will be issued Feb. 15.

In order to promote the new coins, the department is going on a 10-city, two-week tour, hoping to create a buzz with collectors and consumers. The tour stopped at Westfield Meriden Tuesday.

Full story at:

Montana quarter takes the spotlight (Helena Independent Record, MT)

Treasure State pride and heritage were on full display at the Helena Civic Center Monday, as Montana took its turn headlining the United States Mint’s 50 State Quarters Program.

Montana’s quarter, the 41st in the Mint’s popular series, was formally introduced in a ceremony that included . . .

Full story at:

Saturday, January 27, 2007

Rare-coin insurer offers reward (Orlando Sentinel, FL)

ORLANDO -- -An insurer of an estimated $4 million in rare coins taken at knifepoint in Orange County is offering a $100,000 reward for their return.The Jan. 6 robbery was in the busy lobby of the Peabody Hotel on International Drive.

The coins' owner was attending the Florida United Numismatists' annual coin show at the Orange County Convention Center, one of the largest coin shows in the nation.

The rarest of the stolen booty was a set of 1843 U.S. coins with a history tied to President John Tyler. . . .

Full story at:,0,2028426.story?track=rss

Gold goes all Google! Outlook for 2007 (

"...Gold suddenly looks like a crowded trade. But does Wall Street's love of the metal really have to mean the end of the bull market...?"

Don't whisper it too loudly, but gold suddenly seems all-too popular. Both the Times and the Telegraph in London just ran bullish reports on gold. The Financial Times notes that institutional money has a "growing love affair with the metal..." . . .

Full story at:

ABC-TV "Wife Swap" is Looking for Numismatists!

If you get on the show, it would be nice if you give them me as the referral. I can use the $1000!

Here is the message that I received last week from ABC-TV:


My name is Meghan McGinley and I am a Casting Producer for the ABC Television reality show, Wife Swap. In case you are not familiar with the show, the premise of Wife Swap is simple: for two weeks, two wives from two different families exchange husbands, children and lives (but not bedrooms) to discover what it's like to live a different woman's life. The show airs on ABC on Monday nights at 8pm - family hour! It offers a positive experience for people not only to teach, but to learn about different family values.

We are casting for the remaining episodes of third season of our show, and we are focusing on finding fun and outgoing families with interesting hobbies for upcoming episodes. I thought it would be cool to feature a family that is involved in the Hobby of Kings - coin collecting! I was hoping to find a family of Numismatists, where everyone - Mom, Dad and the kids - are all passionate about the hobby and participate together. We often feature sports families on our show, but rarely have an opportunity to focus on more academic ways to spend family time together. I thought that this might be a step in the right direction, and was hoping you would be willing to spread the word! We are casting for February and March of 2007, so casting is happening NOW!

Here is some information on the application requirements and the show itself:

. Families who appear on the show receive $20,000
. Families must have two parents (not necessarily married!)
. There must be at least one child between the ages of 6-17 living full time in the home
. Families must live in the continental USA
. Due to security restrictions, we are unable to feature military families at this time
. $1,000 finder's fee to anyone who refers a family who is cast on the show!

Any assistance you can give in letting people in your organization know about this casting call would be much appreciated! To receive further information, obtain an application or refer a family, please contact me at (212) 404 1473 or,Meghan

Thursday, January 25, 2007

Penny stocks (Baraboo News Republic, WI)

BARABOO - Emptying out their top dresser drawers and safety deposit boxes, local coin hoarders cashed in big at a coin buy in Baraboo on Tuesday.

The event, run by Collector's Choice Coins and Collectibles of Sun Prairie, lured out currency that for decades had sat dormant in the hands of people uninterested or unsure of how to profit from it.

"It's kind of like Christmas; you never know what you're going to get," said Jessica Krueger, whose family owns Collector's Choice. . . .

Full story at:

Historical finds: Rare coins, set for viewing in Durango, to be on Ebay (Farmington Daily Times, NM)

DURANGO, Colo. — Area treasure hunters, coin collectors and history buffs can enjoy seeing and then bidding on three rare coins — and a roughly 400-year-old map of the U.S. — when they come up for auction next month. . . .

Full story at:

Preserve coins as state's heritage (The News Journal, DE)

There is another important issue that should be discussed about the Atocha coins donated to a Delaware Technical & Community College foundation and auctioned early in January. It is an ethical one for archaeologists, anthropologists, historians and educators who advocate preserving maritime artifacts and oppose creating a market that fosters commercialization and commodification. . . .

Full story at:

Collecting the presidents on $1 coins (Chicago Tribune, IL)

Closing in on completing her collection of quarters featuring the 50 states, 4th-grader Maura McDonagh found a new reason to search her father's change Wednesday.

"It's fun to know what all the presidents look like," she said, examining the first presidential $1 coin. "I can't wait to get the new coins."

More than 100 pupils at Bell Elementary, 3730 N. Oakley Ave., were among the first in the country to see the presidential series' first coin, which features George Washington. The new $1 coins will begin to trickle into local banks and cash registers beginning Feb. 15. . . .

Full story at:,1,3895269.story?coll=chi-newslocalnorth-hed

US House of Representatives passes USVI coin bill once again (Caribbean Net News, Cayman Islands)

WASHINGTON, USA: The US Virgin Islands Delegate to Congress, Donna M. Christensen, has announced that the US House of Representatives passed H.R. 392, a bill to allow the District of Columbia and the US Territories to participate in the 50 State Commemorative Quarter Dollar Coin Program, for the fourth time.

In comments during the floor debate on the bill, Christensen said, "We have a commitment to get it passed in the Senate this time. . . .

Full story at:

City snubbed on Culture coin (Liverpool Daily Post, UK)

THE Royal Mint has been accused of snubbing Liverpool, after it refused to produce a coin to mark its reign as European Capital of Culture.

Culture officials asked for a £2 coin to go into circulation during 2008 in the city's honour. . . .

Full story at:

Design Unveiled For Central High Commemorative Coin (KTHV-TV, AK)

A silver dollar that depicts nine students entering Little Rock Central High School will soon be available to commemorate the 50th anniversary of the school's desegregation. The U.S. Mint unveiled the design for the commemorative coin Wednesday. . . .

Full story at:

Numismatics 2006 (NGC)

This may be the year that dealers truly identify what is a rare coin. The past year saw many rarities sell at auctions and through private treaties. Some rarities may prove to be a steal at high prices realized while some of the less expensive rarities may increase in a mega impressive fashion. What dealers and collectors are finding is that when you take a combination of low mintage coins, along with grade rarity and look at the perceived numbers in the census reports of NGC and PCGS, you find that the possibilities of locating additional specimens of many of these rarities is not very likely. . . .

Full story at:

Coin shortage could turn pennies to nickels (Reuters)

NEW YORK (Reuters) - Talk about pennies from heaven.

A potential shortage of coins in the United States could mean all those pennies in your piggy bank could be worth five times their current value soon, says an economist at the Federal Reserve Bank of Chicago. . . .

Full story at:

Wednesday, January 24, 2007

Sneak Peek at the Presidential Dollars! (

The U.S. Mint has scheduled a series of preview events in advance of the official release of the new Presidential Dollars. If you'd like to see the new dollars before they're released to the general public, as well as have your photo taken to commemorate the happy event (and maybe even pick up some rare collectible promotional literature,) don't miss the fun at one of the dates and times listed . . .

Full story at:

Tuesday, January 23, 2007


It has come to our attention that several dealers have received fake cashier's checks from an individual in California. This individual has two known aliases and might have more we are not yet aware of: Marcus Smith dba Sunset Pointe Coin; Lawson, Colbert & Associates; and Williams, Smith & Associates; and James Gilmore dba Gilmore, Ellis & Associates. The various addresses used by this individual have all turned out to be mail box drop-off centers. . . .

Full story at:

ANA Seeks Nominations for Numismatic Art (Press Release)

COLORADO SPRINGS – The American Numismatic Association is accepting nominations for its 42nd annual Numismatic Art Award for Excellence in Medallic Sculpture.

The award honors an artist whose cumulative lifetime achievements in the field of medallic sculpture have been of the highest order.

Nominations submitted in 2006 will again be considered for this year’s award. . . .

Full story at:

ANA Reports Results of Cipoletti Evaluation (Press Release)

An independent performance evaluation of American Numismatic Association Executive Director Chris Cipoletti has concluded that ANA staff strongly supports his leadership and the direction in which he is taking the association.

The evaluation, commissioned by the ANA Board of Governors and conducted by human resources consultant, Personal Management Systems, measured Cipoletti’s job performance and leadership skills. . . .

Full story at:

Saturday, January 20, 2007

Moulds for "coins" found at prehistoric site (Radio Taiwan International, Taiwan)

Taiwan's first ever "coin-casting" mould was found at a prehistoric site in the southeast part of Taiwan. However, archaeologists are doubtful about the use of currency 1,300 years ago. . . .

Full story at:

Check your Euro coins before pocketing them (New Europe, Belgium)

The number of counterfeit Euro coins increased considerably in 2006 from 2005 but “is insignificant compared to the total number of 69 billion genuine coins in circulation,” stated the European Commission on January 12. The commission said, “In 2006, nearly 164,000 counterfeit Euro coins were removed from circulation, mainly by national Central Banks. This represents an increase of over 63,000 compared to 2005.” . . .

Full story at:

With Jefferson on His Side (New York Times)

CAMERON SINCLAIR is no sentimentalist. “My grandmother once told me, ‘Only fools rely on luck,’ ” he said. . . .

Full story at:

Antique coins found in Hue rivers (VietNamNet, Vietnam)

VietNamNet Bridge – For the past several years, beside ceramic works, fishermen have found a large number of antique coins in rivers in Hue and sold them to antique money collectors.

Most of the coins are made of copper and zinc. There are sometimes gold and silver coins that were minted for award purposes rather than to be used on the market. . . .

Full story at:

A new service for silver savers in Mexico (

Banco Azteca, which has about 1,000 branches throughout Mexico, is about to launch a new service for those who like to save silver. It is the first bank in Mexico to offer this service; other banks are expected to follow suit, sooner or later.

The new service is called “Silver in the Vault”. This service will provide savers with a safe place to store their one ounce silver “Libertad” coins, which Banco Azteca has been selling for some time now, having taken over the sale of these coins from its parent company, Grupo Elektra, which operates stores that retail durable household goods. . . .

Full story at:


With chief executives of the United States soon appearing on new dollar coins, starting with Washington on Feb. 15, might big-name chief executives from corporate America ever merit at least a penny?

Edmund C. Moy, director of the United States Mint, says notes and coins traditionally commemorate “great Americans and great events,” so it is not impossible. . . .

Full story at:

Mint coins Joseph Brant Chief graces silver dollar, worth $42.95 (The Hamilton Spectator, Canada)

There's a hospital, a county and a city named after him and now Joseph Brant has his own coin.

Royal Canadian Mint representatives were in Burlington yesterday to unveil the latest addition to Canadian legal tender -- the Joseph Brant silver dollar. . . .

Full story at: cid=1169160614623&call_pageid=1020420665036&col=1014656511815

Bison Skull Featured on Montana’s New “Big Sky Country” Quarter (Press Release)

41st Quarter of 50 State Quarters® Program Launches at Helena Civic Center January 29

A bison skull, symbol of the state’s rugged, independent heritage, is the prominent image on the Montana quarter-dollar, the first coin to be released by the United States Mint in 2007 in the phenomenally popular 50 State Quarters® Program. . . .

Full story at:

Banker flips for coins (The State, SC)

CEO visits schools to talk about value, history of pennies, nickels, more

John Pollok never met a penny he didn’t like — or a nickel, for that matter.

When the South Carolina Bank and Trust CEO picks up one of the small copper coins, he believes he’s looking at a small piece of the nation’s history. And for the past two years, he’s been on a mission to share that passion with some of the area’s most impressionable consumers.

Pollok regularly visits elementary schools in the Columbia area to talk to students about the history and value of coins. . . .

Full story at:

Collectors Universe Reports Metrics for Second Quarter and First Half of Fiscal Year 2007 (Press Release)

NEWPORT BEACH, Calif., Jan. 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 and colored gemstones, today reported its unit performance metrics for the second fiscal quarter of fiscal 2007. The Company reports the number of units which it authenticates, grades and ships, on a quarterly basis, for coins, sports cards, autographs, stamps, currency, diamonds and colored gemstones, which comprise its principal authentication and grading markets. . . .

Full story at:

Germans get by without the euro (Telegraph, UK)

There will soon be 65 regional currencies in operation alongside the EU's, but the financial authorities are not worried yet, writes Ambrose Evans-Pritchard

If you live in the Bavarian region of Chiemgau, you can exist for months at a time in a euro-free zone of hills and lakes with a population of half a million people. Restaurants, bakeries, hairdressers and a network of supermarkets will accept the local currency: the Chiemgauer.

Notes are exchanged freely like legal tender. You can even use a debit card. Petrol stations are still a problem, but biofuel outlets are signing up. Dentists are next.

The Chiemgauer is one of 16 regional currencies that have sprung into existence across Germany and Austria since the launch of the euro five years ago. . . .

Full story at:

New Dollar Coin to Debut in Houston, Chicago (Houston Chronicle, TX)

Houston will be one of two cities where a new series of presidential dollars will debut

Will they flip for Washington coin?

The eyes of third- and fourth-graders may grow as wide as silver dollars next week when a bewigged and costumed "living biographer" of George Washington strides into Poe Elementary to tout the U.S. Mint's new dollar coin, the first in a series honoring the nation's presidents.

The Houston children will be among the first Americans to view the coin, which is set to begin circulating Feb. 15. The coin, featuring the likeness of Washington on one side and the Statue of Liberty on the back, also will be unveiled in Chicago. . . .

Full story at:

Wednesday, January 17, 2007

Gold’s prospects for 2007 (Financial Times, UK)

Gold is the precious metal that analysts are most positive about for this year, according to a poll conducted by Reuters.

Analysts expect bullion to average $656.78 a troy ounce in 2007, a rise of 8.6 per cent over last year.

Only two out of 42 analysts surveyed by Reuters said the average price of gold for this year would be lower than 2006’s average of $604.42. The most bullish forecast for 2007 came from D’Jardins Securities at $750. However, Ross Norman of is forecasting gold to average $780 in the final quarter of next year and says a spike to a record $850 is possible.

Full story at:

American Bank Note Co. Archive Stocks and Bonds Auction With Historic Banknotes and Vignettes (Press Release)

Original Enron Design Files Including Unique Proofs for Enron IPO Stocks and Bonds along with Hundreds of Other Newly Discovered and Historic Wall Street Scripophily to Be Auctioned

NEW YORK--(BUSINESS WIRE)--H.R.Harmer, Inc. and Archives International, LLC announce the Public Auction of historic stocks and bonds, banknotes and vignettes from the American Bank Note Company archives. Categories include Wall Street Investment Banking, railroads, mining, entertainment, sports, oil and gas, internet and computer companies, automobiles, breweries and many others. There are a total of 1,474 lots of rare and interesting Scripophily, the hobby's name for collecting old stocks and bonds. . . .

Full story at:

D.C. delegate pushes for state coin (

Eleanor Holmes Norton has been lobbying for the extension of the popular program to include district, territories.

NEW YORK ( -- Coin collectors may be happy to hear a possible extension of 50-state quarter program scheduled to wrap up by the end of 2008, according to a published report.

USA Today reported Del. Eleanor Holmes Norton, D-D.C. introduced legislation Wednesday that would extend the popular state quarter program honoring Washington D.C., Guam, Puerto Rico, American Samoa, the Virgin Islands, the Commonwealth of the Northern Mariana Islands. . . .

Full story at:

Mint unveils top designs for Arizona’s coin (East Valley Tribune, AZ)

The anticipation is nearly over for Valley coin collectors. The U.S. Mint will formally introduce five drawings from the Arizona State Quarter Commission to its Fine Arts Committee this Thursday in Washington, D.C., as part of the mint’s 50 State Quarters Program.

The official 48th state quarter won’t be released until 2008, but the designs will go to another committee Jan. 23 that will send recommendations or suggestions to the Arizona commission.

The winning design will not be announced until late March. . . .

Full story at:

Jamestown, Presidents And Spouses -- Oh, My! (Washington Post, DC)

· It's a rich time to be a coin collector.

Coins honoring the U.S. presidents, their spouses and the 400th anniversary of the settlement of Jamestown, Virginia, will be issued this year by the U.S. Mint.

Gold and silver Jamestown coins went on sale last week. The gold coin shows English settler John Smith and a corn-bearing Native American on one side. . . .

Full story at:

What's in store for precious-metal collectors in 2007? (Bradenton Herald, FL)

I'd love to be able to embrace the quote, "The best way to predict the future is to invent it." I like it a lot and it's more than applicable to the technology age. But, predicting the near-term can be far trickier. That's especially true for collectors. . . .

Full story at:

PCGS Expands Variety Attribution Service (Press Release)

Variety has been called the spice of life and collecting by variety is definitely the wave of the future in the rare coin market. In the 19th century, most people collected by date only and paid very little attention to mint marks. In the 20th century, collecting by date and mint mark became popular, along with collecting obvious varieties. Previously, collecting by die variety has been the realm of a few dedicated specialists but, recently, there has been a significant growth in the number of die variety collectors, a product of the explosion of information and the fascinating appeal of coin varieties. . . .

Full story at:

PCGS President Says PCGS Will Not Drop "First Strikes" (

I had a wonderful time in New York last week for the NYINC coin show. Perhaps the most embarrassing moment for me came when I strolled past the PCGS booth during the Professional Preview day on Thursday. There were three people sitting behind the PCGS table, one of whom was offering verbal grades for some coins being handed to him by a customer. After hearing a few MS-64s and 65s being opined, I asked one of the people behind the table if the man doing the grading was a PCGS grader, because I have long wanted to ask a technical question relating to ultra-high MS grades. Suddenly everyone was laughing politely, and I was told that the man offering grading opinions was none other than PCGS President Ron Guth! . . .

Full story at:

The Coins of Sealand (

Sealand has been in the news a lot recently as the Swedish pro-software piracy group Pirate's Bay tries to buy it to avoid international copyright laws. Sealand is an anti-aircraft artillery platform formerly known as Rough's Tower that was built in (then) international waters about 6 miles off the coast of England during World War II, and abandoned after the war. In 1967, it was occupied by pirate radio broadcasters when the current owner (who styles himself Prince Roy Bates) forcibly evicted (overthrew) his rival pirate broadcasters to claim possession. Following this "war for independence," Prince Roy declared sovreignty, establishing his "nation" as the Principality of Sealand. . . .

Full story at:

U.S. Government: Spy Coins Report Was a Mistake (

The Defense Security Service (DSS) has issued a statement claiming that its earlier report of Canadian coins having been modified to spy on people was a mistake, and shouldn't have been included in its 2006 annual report. According to the original report, which received widespread international press coverage, certain undisclosed Canadian coins had been modified to contain tiny transmitters that apparently could broadcast conversations within short distances, and track the whereabouts of persons carrying the coins. Numerous news reports quoted DSS spokeswoman Martha Deutscher, saying, "What's in the report is true. This is indeed a sanitized version, which leaves a lot of questions." . . .

Full story at:

Sunday, January 14, 2007

Superior Galleries, Inc. Announces Amendment of Agreement to Be Acquired by DGSE Companies, Inc. (Press Release)

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Superior Galleries, Inc. (OTCBB:SPGR - News), which wholesales, retails and auctions rare coin products via traditional and Internet channels, today announced that it has executed an amended and restated agreement to be acquired by DGSE COMPANIES, INC. (Nasdaq:DGSE - News) and a management agreement with DGSE's acquisition subsidiary to manage the day-to-day operations of Superior. . . .

Full story at:

Minnesota coin dealer loses $4M in hotel heist (Pioneer Press, MN)


Knife-wielding robbers escape after waylaying brother-in-law at annual show in Orlando, Fla.

In the rare coin trade, the bad guys are fast, organized and sometimes violent. Dealers drive with an eye on the rearview mirror and change travel routes so they won't be easy marks.
Even those safeguards, though, couldn't keep a Minnesota dealer from being robbed Saturday of some $4 million in coins. . . .

Full story at:

Jamestown commemorative coin released (WDBJ, VA)

A day after the Vice President and state lawmakers focused attention on Jamestown's 400th anniversary, the U.S. Mint offered up its own tribute. . . .

Full story at:

Commemorative coins sought for U.S. territories, D.C. (KPUA, HI)

PAGO PAGO, American Samoa (AP) _ Nonvoting delegates to Congress hope the eighth time proves the charm as they push for a commemorative quarters program honoring the U-S territories.

For they eighth year in a row they have introduced legislation to create the program to honor American Samoa, the District of Columbia, Puerto Rico, Guam, the U-S Virgin Islands and the Northern Mariana Islands. . . .

Full story at:

Thursday, January 11, 2007

Defense Workers Warned About Spy Coins (AP)

WASHINGTON - Can the coins jingling in your pocket trace your movements? The Defense Department is warning its American contractor employees about a new espionage threat seemingly straight from Hollywood: It discovered Canadian coins with tiny radio frequency transmitters hidden inside. . . .

Full story at:

Friday, January 05, 2007

Group wants shipwreck coin sale stopped (The News Journal, DE)

Del. officials say auction is perfectly legal

The president of the Washington-based Maritime Archaeological & Historical Society is questioning whether Delaware Technical & Community College can legally sell historic coins salvaged from the Nuestra Señora de Atocha shipwreck.

In a letter to the director of Delaware's Division of Historical and Cultural Affairs, Steven Anthony, president of the maritime organization, urged the state to postpone the auction -- set for Sunday and Monday in New York City -- until the matter can be fully investigated.

College officials say many of Anthony's concerns are unfounded. . . .

Full story at:

Thursday, January 04, 2007

Shipwreck treasures up for auction in NYC (The News Journal, DE)

DelTech selling coins from Spanish fleet to benefit Georgetown campus

The late Melvin Joseph knew his collection of 16th-century shipwreck treasures so well, he once drew an emerald and diamond necklace from its display case and gave a gem count.

"Three hundred twenty diamonds, 23 emeralds. There's one diamond missing, one little diamond," he explained in 1988.

Joseph ended up donating a large portion of his treasure collection -- salvaged from the shipwrecks of the Nuestra Señora de Atocha and the Santa Margarita -- to a Delaware Technical & Community College foundation. . . .

Full story at:

Coins making a comeback (The Carthage Press, MO)

Joe Cain got started collecting coins at the age of eight when his grandpa gave him a Morgan silver dollar.

Antiques can be hard to come by and stamps can sometimes be delicate, but Cain said collecting coins is a great hobby for the young. And as collectors mature, so can collections, with the sky the limit.

"These coins are history," said Cain, who was selling some of his collection at Memorial Hall on Monday. "If you look at these coins you can catch the mood of the nation. They all tell a story." . . .

Full story at:

Tuesday, January 02, 2007

No auction bidders for rare nickel shown by New York gallery (Newsday)

ORLANDO, Fla. (AP) _ A rare nickel, shown by a New York gallery and thought to be worth about $5 million, didn't fetch a cent at auction Tuesday. The coin was one of five known 1913 Liberty Head nickels. New York-based Stack's Rare Coin Galleries showed the nickel, which was struck clandestinely at the Philadelphia mint after its design was retired.

Bidding started at $4.5 million, but no one made an offer for it.

The coin's owners said they weren't disappointed. . . .

(A.C. Dwyer comment: I'm sorry, you buy a rare nickel for over $4 million dollars almost two years ago. Newspaper articles all over the country cover the auction commenting on how you "hope to make millions." You then try to sell if for a minimum of $4.5 million and get no takers. You have to be disappointed! $4.15 million put into a 5% APR CD for those two years would have done better than the $4.5 million!)

Full story at:,0,3654181.story?coll=ny-region-apnewyork

Where does newly printed money go? (MSNBC)

How long can the government keep spending money it doesn't have?

Chris in North Carolina has been wondering: when the government prints up new money, where does it go? Rod in Texas wants to know: how long can the government keep spending money it doesn't have — before it has to shut down?

Can you explain what the government does when it prints money? How does it put that new money into circulation? Is all new money just replacing old money? How can money be introduced without somebody getting a lot of cash for nothing?— Chris, Raleigh, N.C.

To start off, you have to make a distinction here between “cash” (which takes many forms, including checks, advances on your credit card and electronic transfers) and physical currency — the paper or coins used to represent cash in a financial transaction. . . .

Full story at:

U.S. Criminalizes Coin-Melting: Bad Sign for Dollar? (, OK)

Your pennies and nickels are now worth more melted down for their metal content than their face value. This has the government worried about more than just the most obvious, publicly stated reason.

On December 13, United States Mint officials said they were making it illegal to melt pennies and nickels and to take large amounts of the coins outside the country. Under the new law, anyone convicted of melting the coins or leaving the country with more than $5 in pennies and nickels or shipping more than $100 worth could be punished with five years in prison and/or a fine of up to $10,000. . . .

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U.S. Mint matches money for Edison Birthplace, other sites (Sandusky Register, OH)

Places across country commemorating inventor to split $375,000 grant


The Edison Birthplace Museum in Milan has received the fruits of all its labor.

In November 2005 committee members kicked off their campaign to raise $375,000 for the museum.

In 2004 the United States Mint issued a commemorative Edison coin. Through the sale of the coin, a certain percentage of the proceeds was made available to Edison sites around the country.

The catch: the Edison sites would have to raise $375,000 and the Mint would match it. . . .

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No bidders for rare nickel in Orlando auction (Orlando Sentinel, FL)

A rare nickel, thought to be worth about $5 million, didn't fetch a cent at auction Tuesday.

The coin was one of five known 1913 Liberty Head nickels. New York-based Stack's Rare Coin Galleries showed the nickel, which was struck clandestinely at the Philadelphia mint after its design was retired.

Bidding started at $4.5 million, but no one made an offer for it. . . .

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