Wednesday, February 28, 2007

Marines receive coins to mark combat status (The Republican, MA)

AL TAQADDUM, Iraq - The Marines of the Okinawa-based Marine Medium Helicopter Squadron 262 celebrated the receipt of 250 challenge coins, donated by the unit's Vietnam Veterans Association, to signify the squadron's return to combat, this time in Iraq.
This is the first time the squadron, nicknamed the "Flying Tigers," has been deployed to a combat zone in more than 30 years.

During the Vietnam War, the squadron operated in Ky Ha, Marble Mountain, Quang Tri, Phu Bai and aboard the USS Tripoli. They are currently in Iraq's Al Anbar Province supporting Operation Iraqi Freedom.

"We've deployed in support of humanitarian aid, disaster relief operations and in III (Marine Expeditionary Force) exercise operations, but this is the first time since the Vietnam War we've deployed to a combat zone," said Lt. Col. Michael Farrell, a Longmeadow native who is the commanding officer of the unit.

The squadron's past combat veterans sent the commemorative coins to remind the current "Flying Tigers" that they are being supported by their predecessors. . . .

Full story at:
http://www.masslive.com/news/republican/index.ssf?/base/news-2/1172566641190430.xml&coll=1

Tuesday, February 27, 2007

Coin may revolutionize British history (UPI)

TRURO, England, Feb. 26 (UPI) -- Concepts regarding British history may be revisited after the discovery of a rare coin revealed an earlier connection between Britain and Rome.

Historical experts told the Daily Telegraph that the rare coin, which was recently found in the British county of Cornwall, dates to the Roman republic and its presence directly contradicts the accepted history of Britain. . . .

Full story at:
http://www.upi.com/NewsTrack/Top_News/20070226-030045-9431r/

Washington Dollar Error Coins Found (Tallahassee Democrat, FL)

Mis-stamped coins found in Tallahassee

Capital City Bank vault teller Trevor Bryan got a surprise Friday in the new Federal Reserve shipment of George Washington $1 coins.

When Bryan and banker Kyre Lahtinen were at the downtown location inspecting the coins, they noticed that not all of them were made equal. They were the same size, shape and color, but some were missing the date and mint stamp.

The side - not the face - of the coin is supposed to say, "E Pluribus Unum In God We Trust 2007 P." . . .

Full story at:
http://www.tallahassee.com/apps/pbcs.dll/article?AID=/20070224/NEWS01/702240327

A golden opportunity for dollar coin collectors (Bradenton Herald, FL)

Almost 160 years ago, thousands of fortune seekers left jobs and farms traveling west to strike it rich in the gold fields. Sea captains even abandoned their ships in San Francisco harbor to stake their claim in and around Sutter's Mill.

This month, the rush isn't expected to be quite as crazed but if preliminary interest in the new presidential golden dollars is any indication, millions will be actively seeking them. The U.S. Mint hopes they'll also be equally popular in retail use. . . .

Full story at:
http://www.bradenton.com/mld/bradenton/living/home/ 16758292.htm?source=rss&channel=bradenton_home

Judge says lawsuit over sunken treasure may be heard in S.C. (Daily Comet, LA)

A judge reversed his earlier decision and ruled a lawsuit over the steamer SS Republic and its trove of $75 million in gold and artifacts may be heard in South Carolina.

The judge last year dismissed a lawsuit brought by South Carolina shipwreck hunters over the spoils, saying the case should be brought in Florida.

But Circuit Judge J.C. Nicholson Jr. heard additional arguments and on Friday filed an order saying his initial decision was wrong. . . .

Full story at:
http://www.dailycomet.com/apps/pbcs.dll/article?AID=/20070227/APN/702272318

Friday, February 23, 2007

Rare coin dealers face $500M lawsuit (Resource Investor)

Consumers from 10 states have sued a group of telemarketers for fraud and deceptive trade practices in the marketing of “rare” coins, according to a press release by the Gibson Law Firm, representing the consumers.

In a lawsuit filed in state court in Beaumont, Texas, 21 affiliated companies are accused of using high-pressure, unlawful telemarketing tactics to convince senior citizens and others to buy gold, platinum and silver coins of dubious worth and origin. . . .

Full story at:
http://www.resourceinvestor.com/pebble.asp?relid=28910

Marketing treasure hunt trips in historic graveyard (Boston Globe, MA)

The would-be treasure hunters said the clue -- "by the name of a patriot at rest in Philly" -- was a dead giveaway that a valuable hidden coin, part of a Dr Pepper promotional stunt, was to be found in Boston's 347-year-old Granary Burying Ground, where Benjamin Franklin's family and other historic notables rest.

They were right. But no one will win this treasure hunt. . . .

Full story at:
http://www.boston.com/news/local/articles/2007/02/23/ marketing_treasure_hunt_trips_in_historic_graveyard/

Cash printed in Delaware: priceless (The News Journal, DE)

Display of rare bills draws enthusiasts to Dover bank

DOVER -- Rowland and Louise Hearn drove Thursday from their Wilmington home to Dover, despite the rainy day, for the rare chance to see some old Delaware money.

The couple joined a flow of visitors at a display of historic currency at the West Dover WSFS bank, part of the bank's first-anniversary celebration.

"Wonderful," Rowland Hearn said after seeing a bill from Peoples National Bank of Laurel in the era when banks and states printed their own dough before the feds got into the business. . . .

Full story at:
http://www.delawareonline.com/apps/pbcs.dll/article? AID=/20070223/NEWS/702230356

WARNING: Early Release of Presidential $1 Coins (USMint.gov)

It has come to the attention of the United States Mint that several private businesses are offering to sell George Washington Presidential $1 Coins prior to the official public release date on Thursday, February 15, 2007. The United States Mint wants to make consumers who are considering the purchase of these products aware of certain facts. . . .

Full story at:
http://www.usmint.gov/consumer/index.cfm?action=HotItems

United States Mint Puts First Presidential $1 Coin Into Circulation (USMint.gov)

George Washington to be First in Historic Presidential $1 Coin Series

WASHINGTON - The United States Mint today released into circulation the new George Washington $1 Coin, the first in a series of $1 coins honoring former United States Presidents.

The George Washington $1 Coins are legal tender and can be used for commerce and collecting. All Presidential $1 Coins are designed to work in most coin machines, including parking meters and vending machines. . . .

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=750

Stop The Buck Here (Harris Online)

By our apathy for the Sacagawea dollar and the Susan B. Anthony dollar, you'd think the Treasury Department would have learned its lesson, but they haven't.

This Thursday, the latest attempt at trying to convince Americans to use dollar coins instead of bills will begin, when new $1 coins will go into general circulation -- despite a new survey that says 3 out of 4 Americans don't want the change, both literally and figuratively. . . .

Full story at:
http://www.harrisonline.com/2007/02/stop-buck-here.htm

Thursday, February 22, 2007

The Presidential Dollars are Here! (About.com)

The long-awaited Presidential Dollar coins have been officially released today, but it might be a few days before you can actually get your hands on any, unless you really try. It took visits to four banks this morning before I was successful in obtaining any of the new Presidential Dollars. Two of the banks said they didn't have any at all and didn't know when they'd be getting them, and one bank had them but refused to release them because they weren't certain if they could be released yet because the proper manager that could authorize such things was out sick.

The fourth bank, where I finally scored (limit 2 rolls per person?) put me through the usual runaround: . . .

Full story at:
http://coins.about.com/b/a/000079.htm?nl=1

Dollar coin should replace paper (The Valley Independent, PA)

The federal government once more is trying to phase a coin into the U.S. currency system. While the new golden dollar likely will appeal to collectors, chances are most people - again - will not forego traditional paper $1 bills for the metal coins.

History tends to repeat itself, and the government has, in the past quarter-century, twice failed to mint a popular $1 coin. . . .

Full story at:
http://pittsburghlive.com/x/valleyindependent/s_494251.html

First Vancouver 2010 Olympic Coin Released (GamesBids.com)

The Royal Canadian Mint (RCM) Wednesday released the first of 17 circulation coins to celebrate Vancouver 2010’s Winter Olympic and Paralympic Games. The sport of curling is depicted on the 25-cent coin, which was released during the 2007 Canadian Women’s Curling Championship, the Scotties Tournament of Hearts, one of Canada’s premier women’s sporting events. . . .

Full story at:
http://www.gamesbids.com/cgi-bin/news/viewnews.cgi?category=1&id=1172087830

Ableauctions - Goldberg Coins' Pre Long Beach Auction Realizes over $800,000 to the Internet and Attracts over 900 Registered Bidders (Press Release)

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Ableauctions.com announced that the Goldberg Coins and Collectibles "Pre Long Beach" auction realized over $800,000 in Internet sales and attracted over 900 registered bidders.

Ira Goldberg, co-owner of Goldberg Coins and Collectables, stated: "This was a very successful sale for us. The total revenue realized from the auction exceeded $17 million. Internet bidding, particularly with our copper coin sessions, played a key role and added much to our sale." . . .

Full story at:
http://biz.yahoo.com/bw/070221/20070221005178.html?.v=1

Coin dealer takes his business online to share his passion (The Huntsville Times, AL)

'Letting the Internet work ... is a huge benefit'

Thanks to the Internet, Madison resident Jason Cuneo can work full-time as an engineer with Redstone Arsenal while also running his new Internet business called JC Classic Coins & Collectibles.

"Coin collecting and dealing is my passion," Cuneo said. "Being able to work full-time and letting the Internet work while I'm working is a huge benefit for me. The Internet also provides a broader scope of people able to looking at your selection." . . .

Full story at:
http://www.al.com/news/huntsvilletimes/index.ssf?/ base/news/1172053022189380.xml&coll=1

Tuesday, February 20, 2007

New dollar coins -- with Washington's face -- arriving here Tuesday (The Post-Star, NY)

The United States Mint and Federal Reserve are calling on some big names to hopefully accomplish what Susan B. Anthony and Sacagawea could not -- making $1 coins the preferred currency in the United States.

If you spend money in Warren or Washington counties, you'll likely begin seeing them on Tuesday. . . .

Full story at:
http://www.thepoststar.com/articles/2007/02/20/ news/doc45d9d305115a0188669354.txt

Coin show offers rare but legally spendable oddities (Journal & Courier, IN)

The small silver coin is worth $45, but if used at a convenience store, its buying power is limited to its face value: 3 cents.

The 1852 3-cent silver -- created at a time when postage cost exactly that amount -- was just one of many rare but still legally spendable oddities available Sunday at the Lafayette Numismatic Society's triannual coin show. . . .

Full story at:
http://www.jconline.com/apps/pbcs.dll/article?AID=/20070219/NEWS/702190310

New coins honor presidents (Boone News Republican, IA)

That jingle in your pocket may soon have a slightly different pitch these days thanks to new coinage inspired by the man popularly known as The Father of Our Country.

He's bringing some of his friends along as well. . . .

Full story at:
http://www.midiowanews.com/site/tab3.cfm?newsid=17873106&BRD=2700& PAG=461&dept_id=554371&rfi=6

Dollar coins are impractical and useless (The Daily Collegian, Penn State)

Oh boy. Here we go again.

Last Thursday the United States Mint released the new George Washington $1 coin into circulation, which is to be the first in a series of gold dollars commemorating each deceased American president. Four new presidential coins will be released each year until 2016. The coins have the same weight, size, and metal composition specifications as the Sacagawea gold dollar that was introduced in 2000.

Remember those Sacagawea gold dollars? By now they're probably collecting dust at the bottom of a drawer somewhere alongside a shoe horn and an empty cassette case. . . .

Full story at:
http://www.collegian.psu.edu/archive/2007/02/02-20-07tdc/02-20-07dops-column-01.asp

Saturday, February 17, 2007

Poll: New presidential coins 'waste of money' (WorldNetDaily)

Only 19 percent in survey say they'll collect the base-metal items

Two out of three Americans polled at www.swissamerica.com say that they believe the new presidential one-dollar coins being released are a "great waste of taxpayer money."

Nineteen percent say they will collect the new $1 coins and 14 percent say they will use the coins for daily transactions. But the other 66 percent think the new coins are a great waste of money, according to this non-scientific two-day poll of over 800 readers.

"Frankly, those new coins, gold plated or not, have no intrinsic value; they are just a way to snag people who are not well versed in coins or monetary value into thinking they have something," said one reader. . . .

Full story at:
http://www.wnd.com/news/article.asp?ARTICLE_ID=54270

Hail to the new $1 coin (Chicago Sun-Times)

Mint hopes presidential change will do gold-colored dollar good

Move over, Sacagawea. Here's George.
The new $1 coin, stamped with an image of George Washington, made its national debut Thursday. Around downtown Chicago, however, the shiny gold-colored coin went largely unnoticed.

When presented with two coins, a McDonald's cashier barely glanced at them as she dropped them in the register, counted out change and thrust forth a bag of warm fries -- all in about eight seconds. . . .

Full story at:
http://www.suntimes.com/news/metro/259662,CST-NWS-newcoin16.article

Washington inaugurates new dollar coin series (SF Chronicle, CA)

Dollar coins have gone clunk with the American public, but maybe that's about to change.

Today, the U.S. Mint is issuing a gold-color "Presidential Dollar" coin that it hopes will appeal to collectors and consumers, unlike the wallflower Sacagawea and Susan B. Anthony dollar coins.

Edmund Moy, director of the U.S. Mint, said the relentless pace of inflation means the time is ripe for a higher-denomination coin. . . .

Full story at:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/02/15/BUGMAO4QRK1.DTL&feed=rss.business

Collectible coins lack convenience of paper (The Daily Gamecock, USC)

Apparently the U.S. Federal Reserve didn't get the memo. Coins are so "Treasure Island."

Thursday the new gold $1 coin, which is larger and thicker than a quarter, was released to the public bearing the likeness of George Washington. The Mint hopes this new $1 coin program, which rotates presidents every three months, will be as successful as the 50-state quarter program, USA Today reported. . . .

Full story at:
http://media.www.dailygamecock.com/media/storage/paper247/news/ 2007/02/16/Viewpoints/Editorial.Collectible.Coins.Lack.Convenience. Of.Paper-2724289.shtml

Sunday, February 11, 2007

Rare 'Wheat-Leaf' pennies discovered (Abilene Christian University Optimist, TX)

(The following story is proof that rarity is a relative thing)

Usually pennies are no big deal, but that's not the case when it comes to two 58- and 70-year-old mint-condition pennies, which have a design different from a modern penny, discovered in a vault in the Administration building.

During the renovation of an ACU vault on Jan.15, located in the financial operations office, a maintenance worker discovered two mint-condition, wheat-leaf pennies. They were found behind the cardboard backing of a table built into the vault's wall. . . .

Full story at:
http://media.www.acuoptimist.com/media/storage/paper891/news/2007/02/07/News/Rare-wheatLeaf.Pennies.Discovered-2702171.shtml?sourcedomain=www.acuoptimist.com&MIIHost=media.collegepublisher.com

Mint planning $1 Million coin (Yahoo! News)

SASKATCHEWAN (CBC) - It'd take mighty deep pockets to jingle the new coins planned by the Royal Canadian Mint: Canada's official money-maker wants to stamp out a $1-million coin.

Coin experts say it would likely be made of gold, be the size of a pizza and be extremely heavy. Some numismatists wonder if it would be a good idea. . . .

Full story at:

http://ca.news.yahoo.com/s/07022007/3/canada-mint-planning-1m-coin.html

No Plan to Replace Bill With Dollar Coin (Associated Press)

WASHINGTON - Maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.

An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin. . . .

Full story at:
http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2007/02/11/584391.html

Sunday, February 04, 2007

Fans flip for mint's Chicago Bears Superbowl XLI coin (Florida Today)

GO BEARS!

Super Bowl XLI is three days away, and, already, the Chicago Bears have an insurmountable lead in one local gauge of fandom.

The president of The Highland Mint of Melbourne, which for the last 17 years has designed and manufactured the coin used in the coin toss at the start of the Super Bowl, said Bears' coin memorabilia is outselling Indianapolis Colts' items, by a 4-1 ratio.

Full story at:
http://www.floridatoday.com/apps/pbcs.dll/article?AID=/20070201/BUSINESS/702010361

Artist conveys history on coin (Gannett Newspapers, WI)

University of Wisconsin-Oshkosh professor 1 of 11 to design for U.S. Mint

OSHKOSH — Just like film director Alfred Hitchcock, University of Wisconsin-Oshkosh art professor Richard Masters said he ascribes to the "less is more" theory in artistic endeavors.

He certainly did when he designed a commemorative coin marking the 50th anniversary of the desegregation of Little Rock Central High School in Arkansas. Masters is one of 11 master designers for the U.S. Mint Artistic Infusion Program. The silver dollar coin Masters designed will go on sale in the spring. . . .

Full story at:
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20070203/APC0101/702030638

NASA to Honor Early U.S. Explorers by Taking Coins, Artifact to Space (RedOrbit.com)

NASA plans to take four coins and a 400-year-old artifact into space to honor early U.S. explorers.

The National Aeronautics and Space Administration plans to take the two sets of coins and the artifact from historic Jamestown aboard space shuttle Atlantis, scheduled for launch in March to the International Space Station.

The artifact, a metal cargo tag reading Yames Towne, was unearthed at Jamestown -- the 1607 site of the first permanent English settlement in the Americas. Two sets of Jamestown commemorative coins, authorized by Congress and recently issued by the U.S. Mint, will also be aboard the shuttle. . . .

Full story at:
http://www.redorbit.com/news/space/821936/nasa_to_honor_early_us_explorers/index.html?source=r_space

Delaware tech makes $700,000 from Atocha shipwreck coin auction (Cape Gazette, DE)

Delaware Technical and Community College made some serious coin when it auctioned off part of its collection of 17th century Spanish shipwreck finds. Silver and gold coins found at the Nuestra Senora de Atocha ruins, a shipwreck off the coast of Florida, sold in New York City last month were to start the Melvin Joseph-Frank Perdue Memorial Endowment. The $700,000 fund honors the men who donated the valuable coins to the college more than 20 years ago and the proceeds are expected to be used largely for student services at the Owens Campus in Georgetown. . . .

Full story at:
http://www.capegazette.com/storiescurrent/200702/dtccoins020207.html

Gold Rush Tears Up a Patch of the Amazon (Associated Press)

ELDORADO DO JUMA, Brazil - It's a gold rush in the Amazon jungle, driven by the Internet. Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river and spills its passengers into a city of black plastic lean-tos veiled by greasy smoke. All around them are newly dug pits, felled trees, misery and tales of striking it rich. This is Eldorado do Juma, scene of Brazil's biggest gold rush in more than 20 years. . . .

Full story at:
http://www.comcast.net/news/international/latinamerica/index.jsp?cat=LATIN&fn=/2007/02/03/578232.html

Friday, February 02, 2007

International Herald Tribune (France)

How dumb do you have to be to mint money at a loss? In the latest only-in- Washington episode, we find that the U.S. government may have lost as much as $40 million coining pennies and nickels last year. . . .

Full story at:
http://www.iht.com/articles/2007/02/01/business/scene.php

Thursday, February 01, 2007

PMG Launches Online Population Report for United States Currency (Press Release)

Paper Money Guaranty (PMG) now provides an online population report for United States Currency. The PMG Population Report shows, for each note, the total number certified by PMG at each grade level. This report is provided as a free resource on PMG’s website . . .

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=430

Presidential Dollars - The Vision and the Reality (About.com)

By now, most of us have seen the artist renderings of the forthcoming Presidential Dollars. The Mint has been promoting these coins very heavily, because there is a lot at stake here, and the Mint really wants these coins to be a successful, circulating coin. . . .

Full story at:
http://coins.about.com/b/a/000075.htm?nl=1