Tuesday, April 24, 2007

Hawaii state quarter design features Kamehameha (Honolulu Advertiser, HI)


It's official.

A 25-cent piece featuring the mighty profile of King Kamehameha, the eight main islands, our state motto (Ua mau ke ea o ka 'aina e ka pono), admission year and — in case anyone doesn't get it — the word "Hawaii" will be jingling in pockets and purses across the U.S.

Gov. Linda Lingle yesterday announced formal approval of the Hawai'i commemorative quarter, the last of 50 such quarters to be authorized and issued by the U.S. Mint. . . .

Full story at:
http://the.honoluluadvertiser.com/article/2007/ Apr/24/ln/FP704240361.html

Rare-coins recovered (Bangor Daily News, ME)

Otis man arrested in rare-coin theft

BANGOR - The great-grandson of Parker K. Bailey, who founded Parker K. Bailey & Sons moving company of Brewer, walked into a downtown coin shop Wednesday holding a box full of rare coins hoping to sell them. . . .

Full story at:
http://bangordailynews.com/news/t/news.aspx? articleid=148913&zoneid=500

A nickel is worth more than a dime (WKYC-TV, OH)

A.C. Dwyer - Although the cost of the metal used to produce the nickel has exceeded the face value of the coin, it's not strictly related to nickel. 75% of the nickel coin is copper and 25% nickel. Before you hoard, be aware that there is a fine of not more than $10,000, or imprisonment of not more than five years, or both, against a person who knowingly exports, melts, or treats in violation the new regulation recently enacted by the government. link)

DENVER - The U.S. Mint says it has a problem. The nickel coins it is making are now costing them more than a dime each to turn out.

That is because the cost of the nickel used to make the coins has skyrocketed in the last year.

That is mostly due to the building boom in China.

Rocky Mountain Coin, Inc. says some stores are cashing in on the change.

Not Just Yogurt in Aurora is willing to give customers 25 percent off a purchase if they are made entirely in nickels. The owner would then turn around and sell the nickels to coin collectors. . . .

Full story at:
http://www.wkyc.com/news/ rss_article.aspx?ref=RSS&storyid=66412

Odyssey Marine Exploration's Shipwreck Pirates and Treasure To Open At The Museum Of Science & Industry In Tampa, FL (Press Release)

TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (AMEX:OMR - News), a leader in the field of deep-ocean shipwreck exploration, announced that its subsidiary, Odyssey Marine Entertainment, Inc., will open SHIPWRECK! Pirates & Treasure, an interactive shipwreck and treasure exhibit at the Museum of Science & Industry (MOSI) in Tampa, Florida. The exhibit is scheduled to run from June 22, 2007 through January 31, 2008. . . .

. . . More than 51,000 gold and silver coins, and approximately 14,000 additional artifacts, were recovered in the world's most extensive deep-ocean archaeological excavation.

Full story at:
http://biz.yahoo.com/bw/070424/20070424006208.html?.v=1

Friday, April 20, 2007

How to Tell if a Godless Plain Edge Presidential Dollar is Fake (coins.about.com)

(A.C. Dwyer: I've had this question come more than a few times. Rather than answer it myself, I'm going to point you to an excellent article on the topic written by my good friend Susan Headley who's the Coins Guide at About.com)

Learn How to Detect a Fake Plain Edge or Godless Dollar

First of all, Godless Dollar email hoaxes aside, not all Presidential Dollars are "Godless Dollars." The term "Godless Dollar" refers only to those dollar coins that are missing the inscriptions on the edge, which include In God We Trust, E Pluribus Unum, the date, and the mint mark. The proper term for these dollars is plain edge dollars because the edge is plain, rather than inscribed like it should be.

How Fake Plain Edge Dollars Are Made

First of all, let's be clear about what we mean by "fake." The coins are genuine Presidential Dollars. The only thing that is "fake" about them is that somebody has used a tool to remove the edge lettering, so that a normal Presidential Dollar, worth $1, becomes a (fake) "Godless" or plain edge dollar, worth as much as $100 or more to a coin collector. . . .

Full story at:
http://coins.about.com/od/errorcoinsdievarieties/ qt/godless_dollar.htm

Youngsters learn basics of coin collecting at the library (Millbrook Round Table, NY)

Children from Millbrook and Washington sat excitedly as Alec Pandaleon, life member of the American Numismatic Association (ANA), held a coin-collecting seminar on April 11, at the Millbrook Free Library.

The youngsters gathered around a large square wooden table with their small collections. Pandaleon thanked them for coming, then asked the crowd why they chose to attend.

Some junior numismatists said that they had old coins, and enjoyed collecting, while others thought it would be nice to learn more about collecting.

Pandaleon said he sponsors such seminars in hopes of finding others that want to collect. He started as a child, going through his father's pocket change at the end of each day. He would look for Buffalo nickels, silver dollars, and other types of coins. . . .

Full story at:
http://www.zwire.com/site/news.cfm?newsid=18233575&BRD=1705& PAG=461&dept_id=71853&rfi=6

Thursday, April 19, 2007

Millsaps College Students Unearth Rare Liberty Head Gold Dollar Coin (WBLT-TV, Jackson, MS)

A rare historic find for some Millsaps College archaeological students.

A gold coin from the 1800's was discovered during a dig at the Manship House Museum in Jackson.

Millsaps freshman Jordan Taylor was on his hands and knees searching the ground for over an hour when he came spotted something shiny.

Taylor said, "I was just you know scrapping the ground with the trowel and the gold coin popped up."

Tuesday he and classmate Elizabeth Albert were excavating the lawn of the Manship House Museum when Taylor uncovered an 1854 Liberty Head Gold dollar. . . .

Full story at:
http://www.wlbt.com/Global/story.asp?S=6390803

Who’s Next for the U.S. Dollar Coin, Thomas Edison, Henry Ford? (Press Release)

Coinstar’s National Currency Poll Indicates Consumers Want Notable Scientists and Inventors

BELLEVUE, Wash. (BusinessWire EON/PRWEB ) April 19, 2007 -- Coinstar, Inc. (NASDAQ:CSTR), the leader in self service coin counting unveiled today that light bulbs and affordable automobiles not only secured notable scientists and inventors a place in U.S. history, but also a spot at the top of Coinstar’s National Currency Poll. In celebration of National Coin Week (April 15-21, 2007) featuring the theme “The Presidents are Coming,” relating to the United States Mint’s Presidential dollar coin program, Coinstar conducted the poll to gauge American’s awareness, interest and thoughts on the new dollar coin.

Given the popularity of celebrity and talent driven reality television, it's refreshing to see that Americans acknowledge the important contributions of scientists and inventors and rank them well above pop culture icons and celebrities as figures they'd like to see on the dollar coin
According to the poll conducted last week, 60 percent of Americans are aware of the new dollar coin, but only 16 percent are actually spending dollar coins. Fifty-six percent are saving or avoiding the dollar coin all together (31 percent saving and 25 percent avoiding).

Coinstar also asked Americans which group of well-known figures beyond presidents they’d like to see on a U.S. coin. The poll revealed that . . .

Full story at:
http://www.prweb.com/releases/coinstar/national/prweb519924.htm

Wednesday, April 18, 2007

Celebrate National Coin Week! (coins.about.com)

As many coin collectors know, this week (April 15 - 21) is ANA National Coin Week. The American Numismatic Association (ANA) sponsors this annual event as a way to increase general public interest in coin collecting. Fortunately, the release of all of those Presidential Dollar error coins attracted a lot of attention to our hobby, but there is something more that each one of us can do to celebrate National Coin Week.

The action to take is simple: spend some unusual coins into circulation! . . .

Full story at:
http://coins.about.com/b/a/000101.htm

United States Mint Limits Exportation & Melting of Coins (Press Release)

Final Rule Maintains Policy Established in December

WASHINGTON — The United States Mint today announced a final rule 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.

United States Mint Director Edmund C. Moy had approved an interim rule on December 12, 2006, to be in effect for 120 days. Enactment of the final rule was pending public comment, solicited during a 30-day period from the date of the interim rule’s publication in the Federal Register on December 20, 2006.

“The new rule safeguards the integrity of U.S. coinage and protects taxpayers from bearing the costs to replace coins . . .

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=771

Flip a Coin! It's "Washington" on Both Sides of This Quarter! (Press Release)

United States Mint Director Helps Launch Washington Quarter-Dollar in Seattle
SEATTLE, WASHINGTON – United States Mint Director Edmund C. Moy traveled from Washington D.C., to Seattle, to ceremonially launch the Washington commemorative quarter-dollar today. Washington was the 42nd state to be admitted into the Union, and the Washington quarter is the 42nd coin produced by the United States Mint in its popular 50 State Quarters® Program.

The Washington quarter-dollar features the traditional image of George Washington on the obverse (heads side) and images representing the State of Washington on the reverse (tails side). Governor Chris Gregoire has called it the first “100 percent Washington quarter.” The Washington image includes a king salmon breaching the water in front of majestic Mount Rainier. The coin bears the inscriptions “The Evergreen State,” “Washington” and “1889.” . . .

Full story at:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=770

NGC Grades Dollars in GSA Soft Pack Holders and US Mint Sealed Soft Pack Holders (NGC)

NGC is now grading dollar coins in soft pack holders, as issued by the U.S. General Services Administration (GSA), and Eisenhower Dollars in soft pack U.S. Mint holders, often called Blue Ikes. In order to preserve the integrity and pedigree of the original holders, NGC will grade and holder these coins while still in their original holders of issue. The entire soft pack holder will then be sealed in a semi-rigid clear plastic case. A label across the top will include necessary attribution information, the coin’s pedigree, and NGC-certified grade.

NGC will provide the same information that it does for its normal grading services, but this information will appear on an oversize label at the top of the semi-rigid soft pack case. Several security features have been incorporated into the label including a hologram. . . .

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=447

Plaintiffs Nearly Triple, Seek $1B in Precious Metal Coin Lawsuit (ResourceInvestor.com)

St. LOUIS (ResourceInvestor.com) -- In an amended petition filed in state court in Beaumont, Texas, The Gibson Law Firm has nearly tripled plaintiffs in a lawsuit against an affiliated group of precious metal coin dealers, seeking actual and exemplary damages of $1 billion.

As previously covered by RI, in Feb. 2007, Maureen O’Neill and 14 other plaintiffs launched a lawsuit against Universal Coin & Bullion, Ltd., and 21 affiliates, accusing the firms of using high-pressure, unlawful telemarketing tactics to convince them to buy gold, platinum and silver coins.

The suit, O’Neill, et al., vs. 1st Capital Reserve, L.P., et al, has now increased from 15 to 42 plaintiffs, and damages have been raised from $500 million to $1 billion. The defendants, which operate out of a Beaumont, Tex., compound and gross an estimated $300 million annually.

Full story at:
http://www.resourceinvestor.com/pebble.asp?relid=30903

Coin collectors are bullish about rare panda bears (Bradenton Herald, FL)

R
arity begets profits. The Chinese government is certainly aware of that - at least when it comes to pandas. Of the 1,500 or so believed to exist in the world, only eight are in the United States in four zoos. The rare bears don't come cheap. Then again, you can't own one.

A U.S. zoo wanting to include a panda must pay China a rental fee of $1 million per year, plus another million slated for panda research. The total cost often exceeds $2.5 million annually. Oh, if one of the pandas gives birth, it's another $600,000.

China knows it has a monopoly on the adorable rarities that are as good as gold. They also seem to believe Americans have all the money in the world. A zoo in Thailand has to pay only $25,000.

A more affordable way collectors and precious metal investors have found to enjoy the animals is the panda coins China has issued since 1983.

Each year, the silver and gold bullion coins feature a different image of panda bears or cubs in their natural habitats. The 2007 coin shows . . .

Full story at:
http://origin.miami.com/mld/bradenton/ living/home/17067063.htm?source=rss&channel=bradenton_home

Monday, April 16, 2007

NGC Expands Certification Options for Presidential Dollar Coin First Day of Mintage Covers (NGC)

NGC is offering a new certification option for Presidential $1 Coins packaged in United States Mint Official American Presidency $1 Coin Covers. NGC will grade the enclosed Presidential $1 Coins and seal the entire U.S. Mint cover within a clear semi-rigid plastic sleeve. This allows the U.S. Mint packaging to be preserved while receiving the advantages of an NGC certified grade.

A label across the top of the holder describes the cover and enclosed coins. If the coins are of matched grade, as single grade line appears. If they are of differing grade, two lines of text are used to describe each coin individually. These coins are designated by NGC as First Day of Mintage. This designation is also used by the U.S. Mint. . . .

Full story at:
http://www.ngccoin.com/news/viewarticle.asp?IDArticle=448

Sunday, April 15, 2007

Local collector scores $200 - $36,000 rare Washington dollar coins on vacation (Waynesboro Record Herald, PA)


(Okay, maybe I've been asleep at the wheel here but has someone actually paid $36,000 for a Washington error dollar? I'll bid $36! - A.C. Dwyer)

Numismatist Bill Spigler of Waynesboro doesn't have to think twice.

“They're all going on eBay,” said Spigler of his 11 new George Washington dollar coins missing the edge inscription that could be worth as much as $36,000 or as little as $200.

An unknown number of the coins, which bear the likeness of the nation's first president, were struck without the words, “In God We Trust,” “E Pluribus Unum” and the year and mint mark.

Spigler found the 11 coins among four rolls of 25 coins he got at a bank in Los Angeles on the first day of a vacation to the Southwest with his wife, Jo.

Now all he has to do is wait for them to be returned from a numismatic certification service with a certification number and grade that establishes their value. . . .

Full story at:
http://www.therecordherald.com/articles/ 2007/04/14/local_news/news14.txt

Cash in on coin collecting at library (Bradenton Herald, FL)

Now that you've paid your taxes, it's possible that all you have left is pocket change. Don't despair! Because it's also possible that one of those coins could be quite valuable. So before you put that dime in the vending machine, head over to the library and take a look at our coin books to make sure that you aren't spending a rarity that's worth a small fortune.

Coin collecting (aka "numismatics"), has been popular as long as coins have been around, and many people who become interested as children end up with a lifelong hobby. Fascination with coins is understandable . . .

Full story at:
http://www.broward.com/mld/bradenton/ entertainment/17074445.htm?source=rss&channel=bradenton_entertainment

Friday, April 13, 2007

U.S. Mint Presidential $1 Coin Covers (NGC)


NGC will be recognizing coins submitted in U.S. Mint Official American Presidency $1 Coin Cover Series holders as "First Day of Mintage." . . .

Full story at:

Thursday, April 12, 2007

ANA National Coin Week April 15-21, 2007 The Presidents Are Coming (money.org)

Each year during the third week of April, the American Numismatic Association celebrates National Coin Week with exhibits, presentations and other activities at civic centers, libraries, and schools to let the world know about the joys of collecting and studying coins, paper notes, and other forms of money.

This year on Sunday, April 15, ANA club-members across the country are spending specially marked quarters in local retail stores and coffee shops.

If you find one of the quarters, contact the club nearest you from the list of participating clubs. . . .

Full story at:
http://www.money.org/Content/NavigationMenu/ NumismaticEvents/NationalCoinWeek/default.htm

Some added cha-ching for your change during National Coin Week (Nevada Appeal)

Starting Sunday, spare change could be worth more than $400.

In conjunction with National Coin Week, the Reno Coin Club will be releasing 20 quarters into local businesses marked with special stickers. The first person to find and notify the club will receive a Presidential $1 Coin Proof Set.

Everyone who finds a coin will be entered in the national drawing for a First Spouse $10 gold coin valued at more than $400.

The theme for the 2007 National Coin Week is "The Presidents are Coming," to honor the release of the $1 gold coin featuring the likeness of George Washington and the Statue of Liberty on the reverse.

The U.S. Mint will issue four of the coins a year featuring the presidents in . . .

Full story at:
http://www.nevadaappeal.com/article/20070412/NEWS/104120113

Tuesday, April 10, 2007

Jamestown Commemorative Coins Selling Briskly (Press Release)


Queen's Visit, Anniversary Weekend Expected to Spur Further Demand


WILLIAMSBURG, VA -- (MARKET WIRE) -- April 10, 2007 -- Time may be running out to buy Jamestown commemorative coins as a way of remembering America's 400th Anniversary.

The limited-edition coins from the United States Mint are selling briskly and Jamestown 400th commemoration planners anticipate a spike in demand during the next month. Two international events at Jamestown in May -- a visit by Queen Elizabeth II and America's Anniversary Weekend -- are expected to focus the world's attention on Jamestown and further drive demand for the coins.

Since January 11, more than 60 percent of the gold $5 coins and more than half of the silver $1 coins have sold. The Mint has had very few commemorative coins sell out in the last several decades, but if sales continue at the current pace Jamestown coins may join the list. . . .


Full story at:

El Cazador's Buried Treasure Uncovered on QVC (Press Release)

The Contents of Spanish Warship Sunk in 1784 Available to the Public
WEST CHESTER, Pa., April 10 /PRNewswire-FirstCall/ -- The 18th century Spanish "Brig of War" known as El Cazador ("the Hunter") sails again by delivering uncommon access to some of its treasures on QVC Tuesday, April 17 beginning at midnight (ET). The Franklin Mint, the world's leading private mint, has acquired virtually all recovered contents of the shipwreck and is scheduled to bring some of the ship's bounty of rare and lost treasure coins and jewelry in limited-edition offerings to QVC.

These special items are actual artifacts from El Cazador that have been professionally evaluated and graded by the Numismatic Guaranty Corporation (NGC), the leading independent authenticator of shipwreck artifacts. QVC's offerings include an NGC-certified five coin set, a reale sterling silver pendant with chain, and a 2-reales coin with display case and booklet. . . .

Full story at:
http://biz.yahoo.com/prnews/070410/netu081.html?.v=1

Monday, April 09, 2007

Watch for Jamestown gold and golden fakes (Bradenton Herald, FL)


I've quoted it before, but given the release of America's newest commemorative gold coin, it deserves repeating. Immigrants came to this country because they heard the streets were paved with gold. Upon arrival they discovered three truths. One, the streets weren't paved with gold. Two, the streets weren't paved. And, three, they'd have to pave them.

Some 400 years ago, the very first English settlers sailed to America seeking similar riches and freedoms. In 1607, 214 men, women and children came ashore and founded the Jamestown settlement in Virginia. Ill-prepared for the rustic realities the first winter - known as the "starving time" - took a major toll. Of the original group only 60 survived. Still, they persevered.
Last month, two new coins recognizing the 400th anniversary of Jamestown were released featuring intricate historical images. . . .

Full story at:
http://www.bradenton.com/mld/bradenton/ living/home/17032372.htm?source=rss&channel=bradenton_home

Washington state quarter design is among those that shine artistically (Seattle Post-Intelligencer, WA)


. . . In 1999, the U.S. Mint decided to enliven our monetary transactions with new art on the back of the 25-cent piece. . . .


. . . With 42 versions now in circulation, it's not too early to take a look at the state styles that are emerging through coinage.

Rare is the coin that allows a visual element free play. And yet, at least 10 did.

THE TOP TEN

WASHINGTON: Go, us. A king salmon leaping out of the water on the left with Mount Rainier on the right. The salmon is bigger than the mountain, which makes its fishy presence pop. The mountain in the rear hunkers down into a grizzled, geological hump. Just as the salmon explodes, the mountain appears to implode, a nice contrast.

OREGON: Crater Lake, its bowl resting against the lip of a mountain's low curve, with a pair of conifers looming in the forefront.

MONTANA: Lean and lovely, with a big bison skull floating over land. Near the low-slung jaw, the resonant words "Big Sky County." . . .

Full story at:
http://seattlepi.nwsource.com/visualart/ 310913_quarters10_copy.html?source=rss

Universal Coin & Bullion Offers 1500 Free Numismatic Books in Celebration of National Coin Week (Press Release)

Universal Coin & Bullion wants to help promote the 84th annual National Coin Week, (Week of April 15-21) sponsored by the American Numismatic Association (ANA). The American Library Association (ALA) observes National Library Week during the same period. This convergence of these celebrations prompted Universal Coin & Bullion to give away 1500 books written by Mike Fuljenz an award wining American Numismatic Association author to Libraries, collectors or dealers.

Beaumont, TX (PRWEB) April 9, 2007 -- Mike Fuljenz, author, numismatist and President of Universal Coin & Bullion is a winner of 24 Numismatic Literary Guild awards for his numerous books and reporting on rare coins. Three of his books are now being given away to Libraries, collectors or dealers who want to learn more about Indian Head Quarter Eagles, Type II Double Eagles or Type III Double Eagles. UCB will even pay for the postage. . . .

Full story at:
http://prweb.com/releases/2007/4/prweb517486.htm

Sunday, April 08, 2007

Washington Presidential Dollars: Some 'flawed' coins are anything but, experts warn (The Times-Picayune, LA)


Cannot tell a lie? These people sure can

Some 'flawed' coins are anything but, experts warn


The U.S. Mint, no doubt, was hoping its new presidential dollar coins would cause a stir among collectors. But the commotion is not what the Mint had in mind.

Admitted quality control problems have resulted in thousands of errors in the edge printing on the George Washington dollar, the first of the series. There may be as many as 100,000 of the coins in circulation that have no edge printing.

The frenzied search for errors even has coins selling on eBay with upside down edge printing, which is not an error at all. . . .

Full story at:
http://www.nola.com/living/ t-p/index.ssf?/base/living-8/1175925707305880.xml&coll=1

Moy Has the Keys to the Vault — the U.S. Mint (AsianWeek.com)

Ed Moy fondly recalls tending the cash register of his family’s Wisconsin restaurant, marveling at not only the different denominations of shiny coins but also musing that often coins of the same value had different designs. He was inspired and began a lifetime collection of American coins.

Forty years later, in September 2006, President George W. Bush, appointed Moy the 38th director the U.S. Mint, the first Asian American to serve in that role, and the maker of those shiny coins that so captured his imagination as a child.

"Isn’t this country amazing," said Moy. "I’m the son of Chinese immigrants who ran a restaurant in the Midwest. Now I oversee the government agency that made those coins we earned and that fascinated me. . . .

Full story at:
http://news.asianweek.com/ news/view_article.html?article_id=eb3c6708e0b79869896f7c90f3642f85

Friday, April 06, 2007

Hunt on for HMS Sussex and $4 billion underwater treasure (CDNN)

MADRID, Spain (3 Apr 2007) -- In February 1694, British admiral Francis Wheeler set sail from the Bay of Gibraltar with an important mission.

He was to bring a large sum of money to the Duke of Savoy in order to buy his loyalty and to ensure victory in Britain's ongoing war against France's Sun King Louis XIV.

But when the HMS Sussex arrived in the Strait of Gibraltar, it was hit by a violent storm, and Wheeler struggled in vain to save it.

The 50-metre warship went down with more than 500 men, 80 cannons and an estimated 10 tons of gold coins on board. . . .

Full story at:
http://www.cdnn.info/news/industry/i070403.html

Museum unlikely to give away treasure (Yahoo! News)

LONDON - The British Museum is unlikely to hand an ancient gold and silver collection to Tajikistan, despite an appeal by the central Asian country's president, an official said Thursday.

Tajikistan's President Emomali Rakhmon said Wednesday he was seeking the Oxus Treasure — which consists of about 170 objects dating from the fifth and fourth centuries B.C., including vessels, model chariots and figures, armlets, seals, rings and coins. . . .

Full story at:
http://news.yahoo.com/s/ap/20070405/ap_en_ot/art_tajikistan_1

New Washington state quarter is out there (Seattle Post-Intelligencer, WA)


But it may be difficult to find -- at least for a while

Take a good look at the spare change rattling around the bottom of your pocket or purse. It might have made its way in there already -- a brand-spankin'-new Washington state commemorative quarter.

Don't count on it, though. The coin was released Monday, but there aren't likely to be very many in circulation until the Federal Reserve has a few more days to fill orders from banks. . . .

Full story at:
http://seattlepi.nwsource.com/local/310555_quarter06.html?source=rss

Thursday, April 05, 2007

Stamp and Coin Collecting for Charities (PR Newswire)

WADDINXVEEN, The Netherlands, April 4 /PRNewswire/ -- Charities, stamps and coins were never such a good combination before. The recently started http://www.philyauctions.com/ allows collectors to do more than just expand their collection or put it up for sale, it allows them to support various charities at the same time! The basic cost is just 1 cent per lot and will be 100% donated to charity.

The collectors can even opt to donate a percentage of the sale to a charity of their choice.

Bert Froolik, founder of Philyauctions.com and an enthusiastic stamp collector himself, explains: "It is difficult to find low-priced stamps and I thought it was time to do something about that. In order to prevent spam, we choose an entry rate of 1 cent and this cent is donated to charity. In addition, we are inviting reputable charities to register for donations. . . .

Full story at:
http://www.sys-con.com/read/357956.htm

$17,000 in coins found at closed A.C. casino (The News Journal, DE)

ATLANTIC CITY -- It's the casino equivalent of reaching under your couch cushions and finding a buck or so in loose change.

Only the take at the former Sands Casino Hotel topped $17,000 worth of coins that fell under or around slot machines over the past three decades.

The casino was closed last November and will be torn down later this year to make way for a new gambling hall. So when workers began removing the 2,350 slot machines for use at other casinos owned by the Sands' parent company, they expected to find some stray cash.

Just how much, however, was a surprise. It was $17,193.34, to be exact. . . .

Full story at:
http://www.delawareonline.com/ apps/pbcs.dll/article?AID=/20070405/NEWS/70405015

Tuesday, April 03, 2007

Fraudulent Presidential $1 Error Coins Being Sold (Press Release)

The United States Mint has recently learned that some individuals are grinding the rims of Presidential $1 Coins to remove the edge-incused inscriptions and then marketing these altered items as error coins. This practice not only exploits unwary consumers and collectors, but also is a Federal crime. . . .

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

Set of six commemorative ingots worth its silver value only

Silver Coin Melt Values
Dear Mr. Stebinsky: I inherited a set of silver ingots "commemorating the last major silver-producing nations of the world" created by the Silver Mint.

The 0.999 silver ingots are marked Canada, Peru, Mexico, Australia, USSR and USA. Each weighs 20 grams.

Can you tell me whether the set has any numismatic value or just the ingot silver price? . . .

Read more at The Columbus Dispatch

FBI: Antiquities Found Inside Berwyn Home (WBBM-TV, Chicago)

(Not exactly coin news but very interesting. Harlan Berk is a coin and antiquities dealer in Chicago.)

Neighbors Speculate That Vatican Artwork Was Hidden Inside House

(CBS) BERWYN, Ill. The FBI released new information Friday about the hidden treasure found inside a Berwyn home.

As CBS 2’s Rafael Romo reports, after a week of speculation officials finally spoke to the media about the home, in an effort, they said, to put an end to rampant rumors that have spread about the valuables stored there, including that Vatican artwork is hidden away in the home.“This is not going to be Dan Brown’s third book.

This is not going to be ‘DaVinci Code Berwyn . . . Some neighbors have been saying that some of those valuables are artwork and ancient coins that at one time belonged to the Vatican. . . .

Full story at:
http://cbs2chicago.com/local/local_story_089183945.html

Russia to Put All Eminent People on Coins (Kommersant, Russia)

The Bank of Russia is to put into circulation commemorative coins of the Eminent People of Russia series. One of them will feature composer Vasily Solovyev-Sedoy, which marks his 100th anniversary in 10,000 2-ruble silver coins.

The Central Bank will also issue a silver 2-ruble coin celebrating the 300th anniversary of mathematician Leonard Eiler. The coin’s issue is 10,000.3-ruble and 100-ruble silver as well as 50-ruble and 10,000-ruble golden coins are to be circulated . . .

Full story at:
http://www.kommersant.com/p-10432/Bank_Proof_Commemorative_Coins/

Boise Police Challenge Coin Causes a Stir (The Idaho Statesman)

An officer who ‘tarnished the badge' helped create token to honor Mark Stall, who was killed on duty in 1997

Some Boise police officers are not happy that a special coin honoring a slain officer was produced by a former officer who was kicked off the force and convicted of statutory rape, but Police Chief Mike Masterson said there is no deep division in the department due to the coin.
The concept of the special "challenge coin" to honor Officer Mark Stall . . .

Full story at:
http://www.idahostatesman.com/164/story/77869.html

New quarter features ice hockey (Winnipeg Free Press)

The Royal Canadian Mint this morning officially released a new 25-cent piece, the second of 17 circulation coins to celebrate the Vancouver 2010 Olympic and Paralympic Winter Games.
Each of the 17 coins celebrate an Olympic or Paralympic sport. The new quarter features ice hockey.

The coin was released during a news conference at the RCM Winnipeg Mint, which is producing the new 25-cent piece.

Ian Bennett, president and CEO of the RCM, said the Mint will produce about 350 million circulation coins celebrating the 2010 Games over the next three years. . . .

Full story at:
http://www.winnipegfreepress.com/breakingnews/ local/story/3930748p-4542375c.html