Friday, December 21, 2007

How Much Is That Ron Paul Silver Dollar Worth?

Simon Constable hits the pavement again to see if anyone will take the new solid silver coins stamped with the image Ron Paul, a Texas congressman and Republican Party presidential candidate. . . .

Watch the street.com video: Link

Saturday, December 08, 2007

Cyprus to coin collectors: "It may be your hobby, but it's our heritage."

Battle over Cypriot coins heads to U.S. courts

WASHINGTON — Wayne Sayles, a conservative Republican from Missouri who twice voted for President Bush, is none too pleased with the Bush administration these days. In fact, he says it's trying to put him out of business.

Sayles has been collecting and selling ancient coins since 1967, and on Nov. 15, a group he heads sued the State Department, charging that its decision to restrict imports of ancient coins from the Mediterranean island of Cyprus is "a major offensive" against coin collectors that threatens his hobby.

"In a world where globalism is not just a trend but an irreversible fact of life, how can anyone justify turning America into an island of prohibition for something as innocuous as a common coin?" Sayles, the executive director of the Ancient Coin Collectors Guild in Gainesville, Mo., asked on his blog. . . .

Full story at: Link

Coins cast passion

Some are laid out grandly on red velvet cloths. Others are locked securely in glass cases. A few are just tossed in old boxes. Collectively, the merchandise at the Weyers Cave Community Center is worth close to a million dollars.

But when they were new, the pieces were worth a few cents. Some just a penny.

The musty scent of old coins is almost palpable at the Shenandoah Valley Coin Club's annual show. Dealers from Pennsylvania, Maryland, South Carolina and all over Virginia display their collection of coins. Some have been collecting all their lives. Others, like George Cash of Richmond, are relatively new dealers.

"There are a lot of people here who do it for a living," Cash says. "I do it because I love it."

Coin collecting is a hobby that can pay off big time. Cash began buying old coins at auctions five years ago and has already made a pretty penny. He just sold a coin from 1793 — the first year America began manufacturing them — for . . .

Full story at: Link

Rare Indian Head Gold Coin Found Second Year in a Row

Salvation Army finds gold coin donation second year in a row

BARRE — The Salvation Army's annual red kettle drive has once again struck gold in central Vermont.

For the second straight year an anonymous donor dropped a rare gold coin into one of the red kettles at the Berlin Mall, according to Capt. Louis Patrick of the Barre-based Salvation Army.

No one was more surprised than Patrick, who viewed last year's welcome deposit of a gold coin, which eventually sold for almost $3,000, as a unique occurrence.

"I was absolutely totally shocked," Patrick said of Tuesday's unexpected discovery. "I considered it a once-in-a-lifetime kind of thing."

Turns out he was wrong, and he's got another century-old Indian head gold coin to prove it.

The date on this year's coin, which was discovered in the red kettle outside the local Wal-Mart, is 1909, according to Patrick, who noted a nearly identical coin was found in a kettle just down the mall corridor in front of Jo-Ann's Fabrics last year. Although it was worth only $2.50 when it was made, that 1908 coin was sold to a local collector for $2,750 last Dec. 31. . . .

Full story at: Link Photo of coin at: Link

Monday, December 03, 2007

Shipwreck Treasure: Life of underwater adventure


IT IS a tale of American treasure hunters, an unidentified shipwreck with coins worth an estimated $500 million, and a court battle with the Spanish government—and it involves an archaeologist who lives in St Andrews.

Neil Dobson is principal marine archaeologist for Odyssey Marine Explorer, the Florida-based underwater salvage company which is in dispute with Spain over ownership of a shipwreck which has yielded 500,000 silver coins.

The discovery of the wreck, code-named Black Swan, was announced in May. . . .

Full story at: Link

Botched Olympic coins are gold for collectors


VANCOUVER - The Royal Canadian Mint's new line of 2010 Olympic coins has proven very popular. But a couple of mistakes - known as "mules" to coin collectors - have sent the value of some coins soaring.

A 2007 quarter for Paralympic curling is supposed to come with the Paralympic logo on the other side of the coin, beside a portrait of the Queen. But in some Olympic coin sets, the Paralympic curling coin has the Olympic logo on the obverse. A subtle mistake, but one that's fetching big bucks.

"It's worth about $400 right now for a set including the Paralympic mule," said Brian Grant Duff of The Bay Coins and Stamps in downtown Vancouver. "Normally it would retail in the $25 range." . . .

Full story at: Link

Sunday, December 02, 2007

Rare coin investors positioned to make huge gains?

Daily Wealth - “After lagging behind gold for the past few years, I'm convinced it's only a matter of time before rare gold coins run much higher...

“Why? The current state of affairs is so similar to those that launched the huge rare coin bull markets of the past. The supply of high-quality coins is thinning out. But prices don't reflect this scarcity and are just beginning to react to the rising gold price. And, if this bull market is anything like the last three, investors who position themselves now will pocket thousands of percent gains.”
. . .

Full story at: Link