Friday, December 31, 2010

State Rep. Pushes Bill Requiring Citizens to Pay Taxes in Silver and Gold Coins

Georgia state Rep. Bobby Franklin (R) has sponsored legislation to force the state to conduct all monetary transactions with U.S. gold or silver coins.

The "Constitutional Tender Act" argues that the Constitution "'provides that no state shall 'make any Thing but gold and silver Coin a Tender in Payment of Debts.'"

As such, the legislation continues:

Pre-1965 silver coins, silver eagles, and gold eagles shall be the exclusive medium which the state shall use to make any payments whatsoever to any person or entity, whether private or . . .

Full story at: TalkingPointsMemo.com

Coin Collectors Beware, Not All Coin Grading Companies are Safe


Slabbed coins graded by a third party grading service are supposed to be a guarantee that the slabbed coin has been accurately graded and certified. Lately there has been a proliferation of substandard third party coin grading services. Their grading standards are also substandard.

Coin collectors have been advised to only buy slabbed coins. A further caveat needs to be added to this advice. Only buy slabbed coins graded by PCGS, NGC, or ANACS. Nearly all of the other third party coin grading companies have . . .

Full story at: Bella Online

Elderly Woman Discovers Hoard of 3rd Century Coins in Field


AN ELDERLY metal-detecting enthusiast has told how she found a hoard of 3,600 coins dating back to the third century in a field near York.

Marjorie Dandy, 75, of Thornton-le-Clay, near Malton, said the bronze coins had been buried inside three pots, one of which had survived intact.

She was speaking after . . .

Full story at: The York Press

Wednesday, December 29, 2010

United States Mint Releases 2011 Scheduled Products Listing

2011 Silver Proof set to be released early this year.

(Press Release) WASHINGTON - Collectors and gift-givers, mark your calendars! The United States Mint today released on-sale dates for the numismatic products in its 2011 portfolio. The list will be updated as products are added and/or on-sale dates change.

Get the full list of products and release dates at: USMint.gov

U.S. Mint to Release 2011 Native American Sacagawea Dollar Coin January 12

(US Mint Press Release) WASHINGTON - The United States Mint has chosen Plymouth, Massachusetts, as the site of its launch ceremony for the 2011 Native American $1 Coin. The public ceremony will be held at 10:30 a.m. Eastern Time (ET) on January 12, 2011, at the Plimoth Plantation Henry Hornblower II Visitor Center. Following the event, attendees 18 years old and younger will receive a newly minted 2011 Native American $1 Coin, while others may exchange paper currency for rolls of the new coin.

The Native American $1 Coin Program is authorized by Public Law 110-82, which requires the United States Mint to mint and issue $1 coins featuring designs celebrating the important contributions of Indian tribes and individual Native Americans to the history and development of the U.S.

A digital image of the 2011 Native American $1 Coin is available at http://www.usmint.gov/pressroom/?action=Photo#NativeAmericanCoin2011.

Thursday, December 23, 2010

Royal Mint's Ghastly Kate Middleton Coin Commemorating Wedding to Prince William

Kate Middleton has experienced the first harsh reality of her looming royal status – having to endure the unflattering likeness.

As the Royal Mint unveiled its official commemorative £5 coin to mark Prince William's engagement, his bride-to-be may well have wondered who would be walking up the aisleof Westminster Abbey in April.

Rather than a fresh, slim, chisel-nosed Middleton, it seems a heavier, older interloper with the flattened . . .

Full story at: The Guardian

Tuesday, December 21, 2010

Odyssey Marine Exploration Comments on WikiLeaks Information


"Black Swan" and HMS Sussex projects named in Government Communications

December 21, 2010- Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) a pioneer in the field of deep ocean exploration, was named in several U.S. State Department cables obtained by WikiLeaks and furnished to the media worldwide. Some of the released cables suggest that the State Department offered special assistance in the “Black Swan” case to Spanish officials in exchange for assistance in acquiring a French painting confiscated by the Nazis during World War II and now controlled by Spain. The cables indicate that the U.S. Government also provided confidential documentation on Odyssey to Spain. Other State Department cables contradict Spain’s claims and support Odyssey’s previously stated version of events relating to the company’s activities in Spain, including the HMS Sussex project and the boarding of Odyssey’s vessels.

“While we are obviously concerned about these implications regarding the 'Black Swan' case, we are attempting to obtain additional information before taking any specific actions. I have personally sent a letter to the Secretary of State, Hillary Rodham Clinton, requesting additional information and a review of the position taken by the U.S. in the ‘Black Swan’ legal case,” stated Greg Stemm, Odyssey CEO. “The possibility that someone in the U.S. Government came up with this perfidious offer to sacrifice Odyssey, its thousands of shareholders, and the many jobs created by the company in exchange for the return of one painting to one individual is hard to believe. The WikiLeaks cables clearly show that we have . . .

Read entire press release at: Shipwreck.net

Ed Moy Resigns as Director of the U.S. Mint


Moy Will Depart for Position in Private Sector

Washington, DC-Director of the United States Mint Edmund C. Moy announced today that he has submitted his resignation to President Barack Obama. He also informed Secretary of the Treasury Timothy Geithner and Treasurer of the United States Rosie Rios of his resignation, effective January 9, 2011. Moy has accepted a position in the private sector.

Moy was sworn in as 38th Director of the United States Mint in September 2006 after being appointed by President George W. Bush for a five-year term. Prior to assuming his duties as Director of the Mint, Moy was a . . .

Full story at: U.S. Mint

Sunday, December 19, 2010

2011 Coins Already Being Found in Circulation


The new year came early for one Sheffield shopper - after she received a 50p coin dated 2011 in her change while buying Christmas presents.
Tracy Knight, from Hillsborough, says she plans to keep her novel find for posterity, or sell it to coin collectors.

The care worker, aged 45, said she is "excited" about being given the coin, which also bears a 2012 Olympics design.

"It's unusual to get a coin in . . .

Full story at: The Star

Saturday, December 18, 2010

First Gold Coin and Gold Bar Vending Machine in U.S. Opens for Business


What's being billed as the first gold-dispensing ATM in the nation opened for business Friday at the Town Center in Boca Raton, spitting out an after-dinner-mint-sized gold bullion into the palm of its first customer.

The "Gold to go" gold bullion vending machine, developed by the German company Ex Oriente Lux AG, was brought to the states by PMX Gold LLC, a South Florida business that buys and sells lease purchase options on gold mines. Twenty "Gold to go" ATMs already are operating in malls, hotels and airports in . . .

Full story at: Chicago Tribune

Tuesday, December 14, 2010

Senate Finance Committee Wants to Kill Penny

Although this article refers to the Canadian penny, many also question the usefulness and cost of the U.S. cent.

OTTAWA — The Senate’s finance committee is to introduce its recommendation on Tuesday on whether the country should abandon the penny, with media reports suggesting the one-cent coin will be discarded.

In April, the committee was charged with investigating the penny’s usefulness, with . . .

Full story at: Montreal Gazette

Saturday, December 11, 2010

Which Civil War Gold Coins Will Be Promoted in 2011?

(Doug Winter, DWN) I don’t consider myself to be a real pro when it comes to rare coin promotion but even I know a no-brainer when I see it. 2011 marks the 150th anniversary of the beginning of the Civil War. As sure as the sun will rise tomorrow, you can bet that rare coin promotion gurus who are far more clever than I have been preparing for this event for some time.

So if you are Joe Coin Promoter and you are gearing up for the Civil War Sesquicentennial in 2011, what kind of gold coins can you get enough of to do a promotion? Let’s go denomination by denomination and figure this out. . . .

Full story at: RareGoldCoins.com

Battle over $17 Billion 1708 Shipwreck off the Coast of Colombia Lands in U.S. Court

The Spanish galleon San Jose is believe to be one of the richest shipwrecks ever.

An American company claims Colombia owes it up to $17 billion for breach of a contract granting it the right to salvage the galleon San Jose, sunk by the British Navy on June 8, 1708. It is believed that the San Jose was carrying gold and silver coins and bullion owned by private merchants and worth billions today. . . .

Full story at:  LegalTimes

Thursday, December 09, 2010

WikiLeaks: U.S. Government document discussing President Ronald Reagan on a coin or currency


WikiLeaks releases U.S. government document about Congressional efforts to commemorate President Ronald Reagan on a circulating coin or currency. Efforts include placing the late President Reagan on the dime, half dollar, ten dollar bill, and twenty dollar bill.

The report discusses the history regarding the current designs of circulating coins and currency and the statutory requirements for a redesign. It also reviews what was done after the deaths of three other Presidents. It concludes by discussing some recent proposals and concerns about the legislation.

Read full document at: WikiLeaks Ronald Reagan Coin Document

WikiLeaks reveals Barack Obama's State Department Tried to Help Spain Get $500 Million Shipwreck Treasure

U.S. government offers deal to trade $500 million shipwreck treasure for Jewish family's painting looted by the Nazis and currently in Spain.

The treasure is reportedly from the Spanish galleon Nuestra Señora de las Mercedes and is currently in the hands of Odyssey Marine Exploration of Tampa, Florida.

The painting is Camille Pissarro's "Rue St Honoré. Après-midi. Effet de Pluie" (1897), which currently hangs in Madrid's famous Thyssen-Bornemisza Museum.

"The cables seem to indicate that someone in the U.S. State Department has literally offered to sacrifice Odyssey and its thousands of shareholders along with the many jobs created by the company in exchange for the return of one painting to one U.S. Citizen," the company told the Tampa Tribune. "It is hard to believe that this really happened. It sounds like something out of a Hollywood script." . . .

Full story at: The Tampa Tribune

Friday, November 12, 2010

Is It Time to Buy an S.S. Central America Double Eagle?

(Doug Winter: DWN) For many years, it’s been no secret that I haven’t been a big fan of the 1857-S double eagles that trace their origin from the famous S.S. Central America shipwreck. I’ve written that price levels of these coins haven’t made sense to me and I’ve have had problems with their appearance. More than a decade after they were first released onto the market, has my opinion changed? . . .

Full story at: www.raregoldcoins.com

Gold Scams Soar:4 Things to Do Before You Buy

This is the first part of a two-part series on gold scams. This part tells you how to protect yourself before you buy. Part two tells you where to go for help if you’ve already been taken. . . .

Full story at: CBS MoneyWatch

Troops to get new Poppy coin first

Soldiers serving in Afghanistan were the first to receive the newly designed poppy coins on Remembrance Day.

More than 3,000 troops stationed throughout Afghanistan were the first to receive the special 25-cent memento from the . . .

Full story at: Toronto Sun

Monday, September 13, 2010

Five Things You Can Do to Make Your Coins Worth More

(Doug Winter, DWN) If you have been collecting rare coins for more than a few years, there is a good chance that you have “found money” in your holdings. What I mean by this is that there are a number of things that you can do–often with little or no cost–that can significantly improve the appearance and value of your coins. Here are five suggestions: . . .

Full story at: RareGoldCoins.com

Son of an Original Gold Coin Dealer and His Connection to the Ground Zero Mosque

Nicholas Deak was a New York based foreign exchange/gold coin dealer. He was one of the original gold coin dealers. I used to buy gold coins from his firm at his office near Wall Street. He had branches around the globe.

In 1985, he was murdered by what authorities called "a crazed homeless" woman. She supposedly stayed outside his office for days screaming Deak owed her money. I passed by Deak's office on lower Broadway everyday, in those days. I never saw such a woman.

I was always suspicious of this "lone nut" murder and wondered what actually went down.

Many years later . . .

Full story at: lewrockwell.com

Friday, August 27, 2010

Treasure Hunters Roadshow Lowballing Offers on Rare Coins?

Do gold-purchasing companies offer good value? Not always, say some.

Regina Commander of Midwest Coins in Keokuk says that at least 10 people have come in to compare her prices with those being offered by Ohio Valley Gold & Silver Refinery this week.

She asks them not to reveal . . .

Full story at: Daily Gate City

Tennessee Street Sweeper Finds Rare 1736 Silver Coin

"See a penny, pick it up." Two Elizabethton street sweepers went for a penny, and found that their luck wasn't just one cent's worth.

While sweeping the Redi Mart on Siam Road in Elizabethton on Saturday, Jonathan Bowman spotted something in the grass; he called his friend.

"Albert was up at the upper parking lot sweeping this way," said Bowman. "I hollered, 'Albert look here what I found!' And we looked at it; it was 1736 silver coin . . .

Full story at: TriCities.com

Tuesday, August 24, 2010

$550,000 gold bar from Santa Margarita shipwreck stolen from Florida museum

Key West, Florida (CNN) -- For more than 20 years, the bulletproof museum case housed a small piece of yesteryear: A gold bar recovered from a sunken Spanish galleon. Today, its case is broken, littered with black fingerprint dust. The treasure is gone. Stolen. The two thieves were caught in the act by the museum's security cameras.

"This is a special piece," said Melissa Kendrick, the executive director of the Mel Fisher Maritime Museum in Key West, Florida.

"All the pieces have an incredible historic value, but this is the piece that was . . .

Full story at: CNN News

Art Loss Register Recovers Three Stolen High Value Rare Coins

New York City: The Art Loss Register has recovered three high-value, historic coins that were stolen from a FedEx package en transit from New York to London ten years ago.

It was nearly ten years ago when prominent British coin dealer Stephen Fenton of Knightsbridge Coins purchased five rare coins at a Sotheby's auction in New York. Postsale, Fenton entrusted FedEx to ship the coins . . .

Full story at: Antiques and the Arts Online

Saturday, August 21, 2010

Secret Service Agent Shows How to Spot Counterfeits of New Redesigned $100 Bill

WASHINGTON, D.C. (August 18, 2010) – The U.S. government is helping businesses and consumers protect themselves against counterfeit currency with a new Web video – “How to Detect a Counterfeit” – released today on www.newmoney.gov. The downloadable video is the second in a series of educational videos created to increase public awareness about the new $100 note, which will begin circulating on February 10, 2011.

“When a business or consumer accepts a counterfeit note, they are the ones who end up losing the money. It is important for the public to be educated about what security features to look for on the new $100 note. By knowing those features . . .

Full story at: newmoney.gov

Coin and banknote enthusiast is set to make millions when he puts his collection up for auction

If you're sitting on some spare cash and wondering what to do with it, perhaps take a leaf, or maybe that should be a note, from Singapore property developer George Lim's book. An expert coin collector, Lim predicts that China’s ancient gold coins could be a savvy investment. And he's selling millions of dollars worth of his existing coin and note collection as a result.

“I want to sell some of my existing collection to make room for Chinese coins. That’s the future. With the . . .

Full story at: CNN International

Thursday, August 19, 2010

Odyssey Marine Exploration Challenges Claims by Spain regarding its Black Swan Shipwreck Treasure

August 19, 2010- Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) today filed its Reply to Spain’s Response in the “Black Swan” case, currently pending in the United States Court of Appeals for the Eleventh Circuit in Atlanta, Georgia.

This is expected to be the last round of written pleadings at the appellate court level. Odyssey’s filing is available for review at

http://www.shipwreck.net/blackswanlegal.php.

Odyssey is appealing the district court’s dismissal of the case based on the court’s finding of lack of federal jurisdiction. Odyssey’s Reply presents the following documented facts that debunk the misrepresentations made by Spain that . . .

Full story at: shipwreck.net

United States Mint Launches James Buchanan Presidential Dollar Coin

James Buchanan
Presidential Dollar Coin
Lancaster, Pa. - Beginning August 19, the Nation will see Presidential $1 coins bearing the image of James Buchanan, the Nation's 15th President. To commemorate the release of the new coin, the United States Mint hosted a launch ceremony on the grounds of Wheatland, Buchanan's beloved home, in Lancaster, Pennsylvania.

"In a few short weeks, Americans will begin to see James Buchanan Presidential $1 Coins and will be reminded of his place in history," said United States Mint Deputy Director Andy Brunhart.

The ceremony included . . .

Full story at: usmint.gov

Wednesday, August 18, 2010

European Coins Among Items Unearthed at Civil War Prison Camp in Georgia

(CNN) -- On the eve of the 150th anniversary of the American Civil War, soil beneath south Georgia pine trees has yielded the first of what is expected to be a treasure of artifacts that will bear witness to the lives of prisoners and the horrors they endured.

This spring's discovery of about 200 everyday Civil War-era items -- including a smoking pipe, uniform buttons, a picture frame, coins, bullets and objects fashioned by Union prisoners -- is unparalleled for many reasons, archaeologists said.

Items found so far at the site . . .

Full story at: CNN News

Tuesday, August 17, 2010

How to Cash In on Rare Coins

George Lim began his coin and banknote collection 30 years ago with a single note, the first 10,000 Singapore dollar bill he received. "As soon as I made that amount, I saved it to remember it," says Mr. Lim, a Singaporean real-estate developer, whose collection today includes over 100 rare coins and banknotes.

Mr. Lim plans to auction 68 coins and notes from his collection in . . .

Full story at: The Wall Street Journal

Friday, August 13, 2010

United States Mint to Introduce Presidential Dollar Coin for James “Old Buck” Buchanan

The spotlight will be on James Buchanan August 19, when the United States Mint introduces the new Presidential $1 Coin struck in his honor. Buchanan, also known as "Old Buck," was our Nation's 15th commander-in chief. The launch ceremony will be held at 10 a.m. Eastern Time (ET) on the grounds of Wheatland, the former president's historic estate in Lancaster, PA.

Following the ceremony . . .

Full story at: usmint.gov

Buried Treasure of Gold and Silver Coins and Bars Recovered

$1 million treasure of gold and silver coins and bars buried in PVC pipes and plastic buckets stolen by family members.

A family treasure hunt netted about $1 million in gold and silver coins and bars, but the participants may spend time behind a different kind of bars if found guilty of the charges levied against them.

On March 31, Dr. Eric Tunell called the . . .

Full story at: Eastern Arizona Courier

World's Fair Of Money Comes To Boston

BOSTON (AP) ― In an economic downturn, it might be tough to get your head around this: rare sheets of $100,000 bills, fabulous gold treasures dating back to the California Gold Rush era, rare coins including those tied to the first stirrings for America's independence and federal government securities worth more than a billion dollars.

That's the backdrop of the country's premier money show . . .

Full story at: wbztv.com

Archaeologists dig up heaviest and most valuable ancient gold coin

Rare 2,200-Year-Old Gold Coin Found in Israel

Dr. Donald T. Ariel, head of the Coin Department of the Israel Antiquities Authority (IAA), said the coin ranked in the top five of the rarest finds in that country's history.

"Intrinsically, for coin research, it's a very exciting find," Ariel told CNN. "This is an amazing numismatic find. The coin is beautiful and in excellent preservation. It is the heaviest gold coin with the highest contemporary value of any coin ever found . . .

Full story at: CNN 

Wednesday, August 11, 2010

Florida to Auction Rare Coins, Currency, Shipwreck Gold from Abandoned Safety Deposit Boxes

The State of Florida is planning to auction on August 20/21 over 40,000 items from abandoned safety deposit boxes. "We've collected a record high amount of unclaimed property in the past year," said the state's Chief Financial Officer Alex Sink.

A quick look at some of the lot photos shows plenty of U.S. and foreign gold coins, currency, and even a 52 oz. gold finger bar apparently recovered from a shipwreck. There's even a lot with 3 silver coin pieces and 2 shipwreck treasure certificates, but please read my shipwreck treasure article before bidding on this item.

There are plenty of Liberty Head and St. Gaudens quarter eagles, half eagles, eagles, and double eagles. Mexican 50 peso gold coins can also be found in a number of different lots.

Other lots include uncirculated coin rolls and even full sheets of postage stamps. There appears to be something for everyone.

View the online auction catalog at: Florida Bureau of Unclaimed Propery

Coin Collecting for Children

My friend Susan Headley (Coins guide at About.com) has written a few articles on coin collecting for children. If you have a child currently collecting coins, or are thinking about helping a child to start a coin collection, please take a look at her articles below.

If you are looking for a children's coin album, I highly recommend Coin Collecting for Kids by Steven Otfinoski .  I was so happy with this coin album for my 5 year old son that I bought another one for my 10 year old niece. It is a fun album and very educational for kids.

How Do I Start a Coin Collection for a Child?

How to Start a Coin Collection on $4

Learn How to Clean Coins Safely for Kids

Ancient Coin Resources for Schools and Teachers

Tuesday, August 10, 2010

Odyssey Marine Exploration Reports on Shipwreck Projects Amid Continuing Improvement in Financial Performance


We have numerous shipwreck projects in various stages of development around the world. In order to protect the targets of our planned search or recovery operations, in some cases we will defer disclosing specific information relating to our projects until we have located a shipwreck or targets of interest and determined a course of action to protect our property rights.

Additional information regarding our announced projects may be found in . . .

Full story at: Yahoo Finance

Why the U.S. keeps minting Presidential dollar coins people hate and won't use

In hidden vaults across the country, the US government is building a stockpile of $1 coins. The hoard has topped $1.1bn - imagine a stack of coins reaching almost seven times higher than the International Space Station - and the piles have grown so large the US Federal Reserve is running out of storage space.

Americans won't use the coins, preferring $1 notes. But the US keeps minting them anyway, and the Fed estimates it already has enough $1 coins to last the next . . .

Full story at: BBC News

Monday, August 09, 2010

The British fail to save their pennies wisely

New research shows Brits could literally be sitting on £42.9 million of change down the back of sofas!

The research has drawn up a 'Loose Change' League Table. Pockets are the most likely place to discover loose change, with 39% of Brits regularly discovering coins in them. This is followed closely by handbags (36%), cars (27%) and the back of sofas (23%).

By value, the biggest discoveries are likely to be in . . .

Full story at: moneyhighstreet.com

Saturday, August 07, 2010

Aging Baby Boomers and Rare Gold Coin Prices

(Doug Winter, DWN) I recently received an email from a collector who asked what I thought were an extremely intelligent group of questions. In a nutshell, he asked the following. As boomers age, are we nearing a bubble in coin prices? At some point will the number of collectors with the financial means to collect rare gold decrease and will prices suffer accordingly?

Go to any coin show and you will see a disturbing trend. The buyers of most “serious” coins (i.e., coins priced at $1,000 and above) are in their 50’s or 60’s and the dealers selling them these coins tend to be . . .

Full story at: RareGoldCoins.com

Friday, August 06, 2010

Claim of a larger treasure hoard after Roman coins found near Manchester


(The archaeologist in this story needs to read about the Reverend Halliday. Then he might not be so sure that it was Romans who actually buried the coins. - A.C. Dwyer)  

An archaeologist says his latest find of buried treasure is proof of a previously unknown Roman encampment on the outskirts of Manchester.

James Balme has been searching the area around Warburton for over a decade to find evidence of its Roman past. In 2006, he discovered a Roman silver snake bracelet and has now unearthed a number of rare Roman silver coins.

James believes the coins are part of a bigger hoard buried nearby and . . .

Full story at: BBC News

Thursday, August 05, 2010

Maryland Governor Applauds Bill to Create Commemorative Coin Honoring the Star-Spangled Banner

Maryland War of 1812 Bicentennial Commission to receive up to $8.5 million

ANNAPOLIS, MD (August 4, 2010) - Governor Martin O'Malley today applauded the unanimous passage of H.R. 2097, The Star-Spangled Banner Bicentennial Commemorative Coin Act, which was passed earlier this week. Already approved by a vote of 419 to 1 by the House of Representatives, the measure will now go directly to the President for his signature.

"We are extremely grateful to the entire . . .

Full story at: Baltimore CityBizList

James Buchanan Presidential Dollar Coin to be Released August 19

Launch ceremony will take place at former President's home in Lancaster, Pennsylvania

WASHINGTON, Aug. 5 /PRNewswire-USNewswire/ --The 15th coin release in the United States Mint Presidential $1 Coin Program will go into circulation on August 19, 2010. The design on this Presidential $1 Coin honors James Buchanan, our Nation's 15th President. The United States Mint will celebrate the coin's release with a  . . .

Full story at: U.S. Mint

Wednesday, August 04, 2010

Silver Ingots from Spanish Treasure Ships Used To Make Jewelry

Silver and copper worth millions disappear with Spanish Galleon in 1622

What do you do with ingots of silver and copper that date back to 1622, and were discovered by treasure hunters at the bottom of the ocean 360 years later?

If you are Jack Mangé, you get some of that treasure from the deep and start making beautiful jewelry.

That is what Mangé has been doing since 1989, when he approached famous treasure hunter Mel Fisher with the jewelry idea. . . .

Full story at: St. Tammany News

Tuesday, August 03, 2010

Romania Mints Coin Depicting Anti-Semitic Leader

BUCHAREST, Romania — Romania's central bank has issued a special coin commemorating a prime minister and religious leader who stripped Jews of their citizenship before World War II. The move prompted protest Monday from Romanian Jews as well as a director at the U.S. Holocaust Memorial Museum.

Radu Ioanid, who runs the museum's international archives, said he was "shocked" by the bank's decision to mint the coin depicting . . .

Full story at: Associated Press

Treasure Hunter Odyssey Marine Exploration Wins Case in Spanish Court

TAMPA, Fla., Aug. 3, 2010 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (Nasdaq:OMEX - News), a pioneer in the field of deep-ocean shipwreck exploration, is pleased to report that Captain Sterling Vorus has been cleared of all charges by a court in Algeciras, Spain relating to the blockade and boarding of the Odyssey Explorer. The Spanish court ruled that Spanish officials did not have proper authorization to board or search Odyssey's ship in 2007.

The court relied on Spanish law that prevents the Guardia Civil from boarding or searching foreign ships without . . .

Full story at: Yahoo News

Monday, August 02, 2010

Centuries-old 1773 Virginia copper halfpenny coin just one treasure found in dig

TRAPPE — Archaeologist Lou Farrell didn't exactly strike gold when he and his crew dug up an old coin at the Henry Muhlenberg House this summer, but if the elation in his voice is any indication, to him the 1773 Virginia copper halfpenny is even more valuable.

"This was heavily used; it's not just messed up from being in the ground," Farrell said, handing over the coin with the murky likeness of King George III, eroded by nearly 250 years of earthen confinement.

Tons of these coins were minted for . . .

Full story at: The Mercury

Santa Margarita shipwreck yields some silver pieces of eight treasure coins and gunner's dice

State allows salvagers to follow treasure trail

Patience pays -- and it pays well -- to the tune of seven silver treasure coins that spent nearly 400 years on the ocean floor.

Treasure divers from Blue Water Ventures in May surfaced with a 5-pound clump of encrusted objects from the wreck of the Spanish galleon Santa Margarita, which they are excavating with partners Mel Fisher's Treasures.

They hoped it contained treasure, but only time would tell, as the divers passed their finds to a skilled conservator to unlock the treasures of the . . .

Full story at: Florida Keys News

Sunday, August 01, 2010

The Origins Of Common Currency Symbols

Earlier this month, India made news after giving its currency, the rupee, an official currency symbol. This got me thinking - where did the symbols for the rest of the world's currencies come from? Let's take a look at some of the world's most heavily traded currencies and their origins . . .

Full story at: San Francisco Chronicle

United States Mint Introduces Yosemite National Park Quarter

YOSEMITE NATIONAL PARK, Calif., July 29 /PRNewswire-USNewswire/ -- United States Mint Director Ed Moy, joined by National Park Service officials, today introduced to the Nation the new quarter honoring Yosemite National Park in California. The coin's reverse (tails side) design features the iconic El Capitan, the largest granite monolith in the world.

"With this quarter, the United States Mint connects America to the wonder, peace and beauty of one of its most awe-inspiring natural treasures – Yosemite National Park," Moy told the crowd.

The Yosemite National Park quarter is the third released through the United States Mint America the Beautiful Quarters™ Program, a multi-year initiative to honor 56 national parks and other sites in each state, the District of Columbia and the five U.S. territories. Each year through 2020, the United States Mint will issue five new quarters in the order in which the honored site was first established as a national site. One final coin will be released in . . .

Full story at: PR Newswire

Thursday, July 29, 2010

PNG Adopts Coin "Doctoring" Definition


(Fallbrook, California) -- The Professional Numismatists Guild (PNG) has created a definition of coin "doctoring" and now officially included it as one of the prohibitions in the organization's By-Laws.

"The deliberate and unacceptable alteration of a coin in an effort to deceive is a complex matter. Everyone seems to know what coin 'doctoring' means, but it's a difficult thing to concisely and substantively define," said Paul Montgomery, PNG President.

"After extensive discussions and consultation with both Numismatic Guaranty Corporation (NGC), the official grading service of PNG, and with executives of the Professional Coin Grading Service (PCGS), the PNG has created its first formal definition of coin doctoring," Montgomery added.

PNG already required disclosure of information about altered coins.

"Section seven of the PNG Code of Ethics specifically states . . .

Full story at: The Professional Numismatists Guild

Peacemaker Coins Big Hit with Korean War Veterans

Proud family members and veterans received Eisenhower Peacemaker Coins during a ceremony on Saturday afternoon.

The coins were presented to members of the U.S. military who served in Korea, either during the Korean War or overseas tours since the signing of the armistice.

Retired Lt. Gen. Robert Arter, who served in Korea and Vietnam, was the speaker for the event. He is a civilian aide to the Secretary of the Army and has received the Distinguished Civilian Service Award.

Arter thanked the veterans for their service and urged them to continue to serve their country by teaching citizens the lessons learned during war.

“I also want to thank one great soldier . . .

Full story at: The Abilene Reflector-Chronicle

Dollar coins belong in pirate’s chest

The deal is supposed to be simple: If I insert a $10 bill for a $2 item, the machine coughs up eight bucks in return. So why are the MBTA Charlie Card machines dumping out Chuck E. Cheese’s tokens?

I usually pay my subway fares with a credit card, so I was stunned when the machine at Alewife went into jackpot mode and dispensed a handful of golden one-dollar coins. My change included some Sacagaweas - the tribute to that gorgeous tour guide of the Lewis and Clark expedition - and some obscure U.S. presidents who usually only get mentioned on “Jeopardy!”

My first reaction: Skee-Ball, anyone? I may as well try to give a cashier . . .

Full story at: Boston Herald

What Makes Certain Coins Popular–and Others Unpopular?

(Doug Winter, Douglas Winter Numismatics) I often make buying decisions based on a coin’s popularity. As an example, I will buy a coin like an 1839-O quarter eagle for stock because it is popular and I know it will sell. But I might pass on a rarer coin like an 1862-S quarter eagle because it is not a popular issue and it will be a harder coin to sell. This got me to to thinking: what makes one coin popular and another unpopular?

Certain 20th century series are popular with collectors because of a strong nostalgia factor. I would imagine most of the collectors who focus on Lincoln Cents or Mercury Dimes remember collecting them as a kid and the sense of accomplishment that they get from completing a set is an act of closure that extinguishes the nightmares they felt as kids about filling those pesky 1909-S VDB Cent and 1916-D Dime holes.

The nostalgia factor does not really apply to gold given the fact that circulation for these coins . . .

Full story at: RareGoldCoins.com

Tuesday, July 27, 2010

Treasure within treasure: Bronze cannon found off Sebastian contained $500K worth of hidden gold, silver coins

Dozens of gold and silver coins hidden nearly 300 years ago were found July 16 when a cannon recovered July 11 from a wrecked Spanish ship was being cleaned for preservation, salvagers reported this week.

Divers from the salvage boat “Gold Hound” brought up the ship’s bronze swivel cannon, a rare find in itself, in less than 20 feet of water between Wabasso and Vero Beach, said Anne Kazel-Wilcox, a spokeswoman for 1715 Fleet-Queens Jewels, a private salvage company based in Sebastian and Jupiter.

The heavily-encrusted cannon was taken to the Mel Fisher’s Treasures facility in Sebastian for preservation, Kazel-Wilcox said, “and as workers were conserving it, the cannon became unplugged and coins were found inside.”

In addition to 22 gold coins found near the cannon, 25 gold coins and 63 silver coins were found inside, worth an estimated . . .

Full story at: TCPalm News

Director Edmond Moy says U.S. Mint is needlessly wasting hundreds of millions of dollars

"Compared to their face values, never before in our nation's history has the government spent as much money to mint and issue coins," say U.S. Mint Director Edmond Moy

Witnesses before and members of the U.S. House Subcommittee on Domestic Monetary Policy have urged Congress to direct the U.S. Mint to buy U.S. manufactured blanks for gold and silver bullion coins and discontinue the practice of using Australian-made blanks.

Meanwhile, the Director of the U.S. Mint Edmond Moy told the subcommittee that, if the Mint can begin production by September, "we will be able to produce about 830,000 one-ounce silver American Eagle coins to meet  . . .

Full story at: Mineweb

Millions in counterfeit coins exact a heavy toll

Britain’s tills are awash with fake one pound coins, with a record £41-million worth in circulation.

Treasury figures show that one in every 36 one pound coins is counterfeit, an increase on last year, when one in every 40 was phony.

The findings were . . .

Full story: The Globe and Mail  

Thursday, July 22, 2010

Sellers of Gold Coins Hit by Sneaky Provision Hidden in Health Care Bill

Gold coins face IRS scrutiny

This could get ugly. An amendment that did not get much notice in the health care legislation will bring government scrutiny to gold and silver coin dealers and all those who sell coins and bullion. From this report from ABC News, we find out the recent health care legislation had a rather sneaky provision hidden in it.

Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

. . . Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. . . . every time a member of the public sells more than $600 worth of gold to a dealer, Piret said, the transaction will have to be reported to the government by the . . .

Full story at: MarketWatch

Consumer Reports Raises Doubts About Gold Firm Touted By Glenn Beck

Investigation Questions Goldine's Sales Tactics, Says Beck Sponsor Asked Nearly Twice As Much For Coin Set As Competitor

One of the nation's top independent consumer advocates has just released a report that casts strong doubts on the aggressive sales tactics at Goldline, the precious metals dealer endorsed by Glenn Beck and other conservative radio and television talk show hosts.

"Maybe if you're worried about Armageddon you might consider it good advice," the editor of Consumer Reports Money Adviser, a newsletter put out by Consumer Reports, told ABC News after reviewing the telephone sales pitch by a Goldline associate.

"I think that when you're buying anything, and here at Consumer Reports it is what we do, anything you're buying we advise that you check as many possible places to see where the best deals are," said Noreen Perrotta, the money editor. "I don't think in this case that Goldline offered . . .

Full story at: ABC News

Tuesday, July 20, 2010

The new rupee symbol deserves more respect


As one of the world's oldest currencies, the Indian rupee's new symbol deserved a more dignified debut, says Sanjaya Baru.

The Indian rupee's new symbol, an elegant, simple and brilliant combination of Sanskrit Ra and the English R without the stem, deserved a more dignified debut.

A minister holding up an A4-size sheet of paper for cameras sitting at her desk? No fancy unveiling, no fireworks or music, no celebrations at all? How unfortunate. How inelegant. How crass.

The Indian rupee, which is the original rupee, dates back centuries. Historians believe the name derives from the Sanskrit Rupyakam and date the use of silver rupee coins to 6th century BC.

The Indian rupee currency note of today carries the . . .

Full story at: rediff.com Business

Giant stacks of gold bars at the Fed (photos)

NEW YORK--This may look like enough gold to make up just about anybody's nest egg, but it's actually a very, very small portion of the entire deposit at the Federal Reserve Bank of New York.

The largest collection of gold on Earth, the New York Fed's accumulation belongs to 37 countries, including the United States. The U.S., in fact, owns just a fraction, and the Fed itself is only the custodian of the precious metal. All told, the deposits are worth about $255 billion, at market value. . . .

Full story at: cnet news

25th Anniversary of Discovery of $450 Million Treasure from Atocha Shipwreck

KEY WEST (CBS4) ― Twenty-five years after Mel Fisher and his crew located the shipwrecked Spanish galleon Nuestra Señora de Atocha off Key West, treasures and artifacts are still being discovered under the leadership of Fisher's son Kim Fisher and grandson Sean Fisher.

Meanwhile, to commemorate the find's 25th anniversary on Tuesday, July 20, rare Atocha artifacts are being debuted at the Key West museum established by Mel Fisher, who died in 1998.

The Atocha, carrying gold, silver and other riches from the New World home to Spain, sank in a 1622 hurricane.

Mel Fisher and his crew, including his wife and their children, spent 16 grueling years searching for the wreck site. They discovered the $450 million "main pile" of treasure . . .

Full story at: CBS4 News

Sunday, July 18, 2010

Treasure hunters follow in Mel Fisher's footsteps

25 years after Mel Fisher's discovery of the historic Atocha treasure, his grandson says there are more riches to be found

MARQUESAS KEYS -- In 1985 aboard the Dauntless salvage boat, Jimmy Buffett sang atop a stack of silver bars while treasure hunter Mel Fisher and his crew swilled champagne to celebrate their jaw-dropping discovery.

After 16 years that included a U.S. Supreme Court victory and the death of his son, Fisher's dream had come true. In waters 55 feet below them, divers Andy Matroci and Greg Wareham had found a virtual reef made of chests full of silver coins, silver plates, silver bars, copper ingots, stone ballast and artifacts. It was the $450 million mother lode of the 1622 shipwreck, Nuestra Senora de Atocha . . .

Full story at: The Miami Herald

Largest Roman coin hoard goes on public display

Coins from the largest Roman coin hoard ever discovered in a single vessel are set to go on display at Frome Library.

There will also be a chance to meet Dave Crisp who discovered the hoard, as well as archaeologists from the British Museum and Somerset County Council.

The discovery has also highlighted to detectorists the importance of working with local archaeology services.

As a result of this successful joint approach, it's hoped this will further encourage both sides to work together.

The coin hoard was discovered by
. . .

Full story at: BBC News

Saturday, July 17, 2010

Rusting 999 Proof Gold Bullion Coins?

Rust Discovered On Bank Of Russia Issued 999 Gold Coins

Here’s a head scratcher: as everyone knows from elementary chemistry courses, gold is the most inert metal in the world – it does not rust, nor corrode. Yet this is precisely what Russian commercial precious metal trading company, International Reserve Payment System, discovered on thousands of (allegedly) 999 gold coins “St George” issued by the Central Russian Bank.

The serendipitous discovery occurred after various clients of the company had requested that their gold be stored not in a safe, but in a far more secure place . . . once buried, “the coins began to oxidize under the influence of moisture.” And hence the headscratcher: nowhere in history (that we know of) does 999, and even 925 gold, oxidize, rust, stain, spot or . . .

Full story at: Investing Contrarian

Canadian penny's days may be numbered

As a senate committee in Ottawa spends its summer pondering the possibility of becoming a penniless nation, Canadians are also weighing the value of our copper coin.

"I think there is some nostalgia, but it's very likely it's a coin that we don't need," said Heino Entzeroth of Windsor. "I probably wouldn't miss it too much."

Pause Cafe owner Ryan Smith said if anyone's nostalgic for pennies, they can head over to his shop where he's got a stash of them collecting dust, "not even worth rolling."

One shop owner didn't hesitate to give his two cents on the issue. "If it's up to me, I would get rid of it," said Soubhi Assi, owner of the Downtown Cigar Shop. "Less headache, less work."

Roughly 500 million new pennies were minted last year, but at a cost of . . .

Full story at: The Windsor Star

Friday, July 16, 2010

World Cup prompts demand for Mandela gold coins

JOHANNESBURG (miningweekly.com) - The South African Gold Coin Exchange (SAGCE) said on Friday that Nelson Mandela's upcoming birthday, bolstered by the FIFA World Cup aftermath euphoria, had prompted unprecedented nationwide demand for Mandela coins and medallions.

Year-on-year, demand for the coins had increased by around 50%, SAGCE chairperson Alan Demby told Mining Weekly Online.

"Demand has exceeded last year's enthusiasm by a considerable margin, a phenomenon that could be ascribes to the proximity of Madiba's birthday to the World Cup."

The former South African President is turning 92 on July 18.

Further, Demby envisaged that demand for the coins could . . .

Full story at: MiningWeekly.com

Wednesday, July 14, 2010

How the Internet Has Changed the Rare Coin Market

(Doug Winter, Douglas Winter Numismatics) The year was 1995. I can remember my wife Mary telling me that it was really important to establish a presence on the Internet; that it would be the future of the coin business. No way, I thought, people are still going to want to read print ads and receive mailed price lists. The Internet was slow and bulky and you could basically die of old age waiting for each coin image to come up on screen.

Sixteen years later, it seems that, as usual, she was right and I was wrong. The Internet has, along with third party grading, changed the coin market like nothing else in history. Why has the Internet been so good for the coin market and what are some of the changes that it has wrought?

The best thing about the Internet for all hobbies has been the . . .

Full story at: RareGoldCoins.com

Sunday, July 11, 2010

Making the new Benjamin Franklin $100 bill (photos)

WASHINGTON--On Road Trip 2010, CNET reporter Daniel Terdiman is getting the chance to visit a lot of very interesting destinations. But there may be few that can top his visit last week to the U.S. Bureau of Engraving and Printing, and a behind-the-scenes look at how the brand-new line of next-generation $100 bills is made.

On April 21, the bureau unveiled the new bills, which feature a set of new anti-counterfeiting measures. But they're also very beautiful, perhaps the most interesting and colorful American paper money in years.

These two giant stacks of bills amount to . . .

Full story at: cnet news

Making coins at the U.S. Mint (photos)

PHILADELPHIA--One of the best parts of Road Trip 2010 is getting to go behind the scenes at terrific places, and often getting much closer to the action than is usually possible.

On Wednesday, CNET reporter Daniel Terdiman completed a two-part set of visits to the production facilities for America's money. First it was the U.S. Bureau of Engraving and Printing's next-generation $100 bill production process, in Washington, D.C. On Wednesday, it was the U.S. Mint here, to see how coins are made.

Pictured is a bin full of thousands of blank dollar coins. . . .

See full story and photos at: cnet news

Oil Spill Threatens Historic Gulf of Mexico Shipwrecks

TIMBALIER ISLANDS, La. — Not just flora and fauna are getting caked in oil. So is the Gulf of Mexico's barnacled history of pirates, sea battles and World War II shipwrecks.

The Gulf is lined with wooden shipwrecks, American-Indian shell midden mounds, World War II casualties, pirate colonies, historic hotels and old fishing villages. Researchers now fear this treasure seeker's dream is threatened by BP PLC's deepwater well blowout.

Within 20 miles of the well, there are several significant shipwrecks — ironically, discovered by oil companies' underwater robots working the depths — and oil is most likely beginning to cascade on them.

"People think of them as being lost, but with the . . .

Full story at: Google News

Tales of Beaver Money, the Oregon Territory's Gold Coins

When the Oregon Territory was established in 1848, the scarcity of printed money and coinage was a serious problem. Trying to get U.S. currency was extremely difficult.

When Joseph Lane, the first territorial governor, arrived in Oregon he found some local settlers using Peruvian money as a form of currency, though it was only worth 50 cents on the dollar at the Hudson's Bay Company stores. In addition to bartering, other mediums of exchange included wheat, beaver pelts, otter pelts, trade blankets, drafts and orders, and Mexican pesos. This situation made it nearly impossible to do business transactions. Oregonians wanted standardized money that was readily available and inspired trust.

In a very inventive way, some Oregonians came up with a solution — make your own money. It started when, in the aftermath of the California Gold Rush, hundreds of miners returned to Oregon bearing gold dust. Estimates put the value of the gold in Oregon at more than $2 million. However, the gold was not . . .

Full story at: The Statesman Journal

Amateur treasure hunter finds $1 million worth of Roman coins with just his metal detector

Dave Crisp calls himself a "metal detectorist". As a hobby, he searches for treasure using just a metal detector. Like many people with such a hobby, they are excited to find even the smallest item, but never really expect to dig up one million dollars in Roman coins. Apparently, Crisp is a very lucky amateur treasure hunter, because that is exactly what he found.

Crisp was in a field in Frome, Somerset, England, using his metal detector to try to find any metal object his tool might pick up. The metal detector hit on something, and Crisp began to dig. First, he found 21 coins, but there was something more in that dirt. After digging a bit further down, Crisp found . . .

Full story at: Helium.com

Thursday, July 08, 2010

UK treasure hunter finds 52,000 Roman coins worth $5 million

LONDON – A treasure hunter has found about 52,500 Roman coins, one of the largest such discoveries ever in Britain, officials said Thursday.

The hoard, which was valued at 3.3 million pounds ($5 million), includes hundreds of coins bearing the image of Marcus Aurelius Carausius, who seized power in Britain and northern France in the late third century and proclaimed himself emperor.

Dave Crisp, a treasure hunter using a metal detector, located the coins in . . .

Full story at: Yahoo News

Faceless James Monroe Presidential Dollar Error Coin

Silver Coin Melt Values
A "Faceless" James Monroe Presidential Dollar Error coin has been found by collector Garrett Reich of Michigan. This extremely rare error type, of which only one previous specimen has ever been confirmed, is a Presidential Dollar that didn't get struck by the coin dies, leaving it without any obverse or reverse designs. Reich's coin is a blank planchet with a very important difference from nearly other blank Presidential Dollar coins: it has . . .

Full story at: coins.about.com

Wednesday, July 07, 2010

Unexpected Rare Coin Found at Biblical Era city

(You might also want to read about the coin-burying Reverend Halliday. It will make you think twice about stories of this kind. - A.C. Dwyer)

Dr. Rami Arav didn't get into archaeology for the money.

He was very excited, however, when his team of researchers uncovered a rare gold coin during excavation work in the ancient city of Bethsaida, near the Sea of Galilee in Israel.

Arav is director of excavation and research at the University of Nebraska at Omaha's Bethsaida Excavations Project, a 24-year effort to uncover the archaeological mysteries of the biblical-era city.

The coin, which weighs 7 grams, is 97.6 percent gold, Arav said.

The find was unexpected because Bethsaida primarily was home to . . .

Full story at: Omaha World Herald

Tuesday, July 06, 2010

Zimbabweans wash dirty US dollar bills

HARARE, Zimbabwe – The washing machine cycle takes about 45 minutes — and George Washington comes out much cleaner in the Zimbabwe-style laundering of dirty money.

Low-denomination U.S bank notes change hands until they fall apart here in Africa, and the bills are routinely carried in underwear and shoes through crime-ridden slums.

Some have become almost too smelly to handle, so Zimbabweans have taken to putting their $1 bills through . . .

Full story at: Yahoo News

Monday, July 05, 2010

Smart Collecting 101: Is It Ever Right to Buy the Wrong Coin?

(Doug Winter, DWN) In the first installment of Smart Collecting 101 I discussed the “coin churn” and how to avoid it. One reader made a great suggestion for the second topic and I’m going to discuss it at length here. The topic involves buying the “wrong” coin and if there is ever a right time to buy a coin that you clearly know is not optimal for your collection.

The brief answer is yes. It depends on what sort of coins that you collect and what your ultimate goals as a coin collector are. Let’s look at a few scenarios. . . .

Full story at: RareGoldCoins.com

Gold coins, other treasures found from 1715 shipwreck off Florida

INDIAN RIVER COUNTY, Fla. - A gold-rimmed portrait necklace, several gold and silver coins and numerous artifacts from a 1715 Spanish fleet have been discovered in about 10 feet of water off the aptly named Treasure Coast of Florida.

The June 19 find just off Indian River Shores was announced Monday, by a firm that also said it has acquired the salvage rights to the sunken ships from the heirs of world-famous treasure hunter Mel Fisher. The company plans to ramp up recovery efforts.

In 1715, an 11-ship fleet set sail from Cuba laden with gold bars, coins, diamonds, emeralds and pearls bound for King Philip V of Spain. The bounty included the . . .

Full story at: Scripps News

Thursday, July 01, 2010

PCGS Lawsuit Goes After the Coin Doctors

The Gunfight at the OK Corral has begun in a Central District of California United States Courthouse as Collector’s Universe, the parent company of the Professional Coin Grading Service, squares off against six named coin dealer defendants and 10 “John Doe” defendants charging them with violation of the federal “Lanham Act,” resulting from unfair competition and resulting in unjust enrichment. . . .

Besides the claim that it creates unfair competition when a “Coin Doctor” performs his craft and alters the surface of a coin with putty, lasers or human sweat and oil that gives the appearance that a coin has a better grade than it truly deserves, a . . .

Full story at: Numismaster.com

Sunday, June 27, 2010

Renminbi vs. Yuan: Why China's currency has two names

China has indicated that it will allow its currency to appreciate - following months of pressure from the US. Some refer to the currency as the yuan, others call it the renminbi. Who is right?

In colloquial speech the yuan has other names too Both names are perfectly good, but in slightly different ways.

"Renminbi" is the official name of the . . .

Full story at: BBC News

Thursday, June 24, 2010

Coin Collecting Sensations Started Early

Virtually every era has had them as market sensations grab the headlines. Many times they create enormous interest as there is nothing quite like the idea of a coin promptly soaring in price.

If you have any doubts, ask anyone who paid $240 back in 1997 for a BU Jackie Robinson $5 gold coin. Imagine the thrill of waking up in 2002 and seeing that the Jackie Robinson $5 was around $900, but it got better as in 2003 the $5 Jackie Robinson was $1,350. Today it is $3,900. That, by any definition is a sensational coin whether it goes up further or down from today’s level and the $5 Jackie Robinson like other sensations of the past will have an impact throughout the rare coin market. That makes them and their impact worth study.

We cannot really document the first U.S. coin to become a sensation. We know for example that a hoard of large cents called the Butternut Hoard purchased by . . .

Full story at: Numismaster.com

Gold: Not Your Daddy’s Inflation Hedge

Here’s the REAL Reason Why Gold is Set to Double…

(Jeff D. Opdyke, The Sovereign Society) Let me be clear from the outset, though: I’m a huge fan of gold. I own physical bars and I think the metal’s brightest days are clearly ahead.

My issue is that investors need to be buying for the right reason.

If you’re betting on inflation, you may be sorely disappointed. The lack of reported inflation will persist for a while, especially given the hedonic government massaging of the Consumer Price Index.
In response to tepid inflation readings, you might dump your gold holdings—only to see the metal’s price move much higher. You’ll watch, confused …

Full story at: The Sovereign Society

Wednesday, June 23, 2010

An Interview With Author David Lange on Lincoln Cents, Buffalo Nickels and Coin Boards

By Maribeth Keane and Brad Quinn (Copyright Collectors Weekly 2010)

In this interview, David Lange—coin collector, author, and director of research for Numismatic Guaranty Corporation (NGC)—talks about the history of the Buffalo nickel, including its use as a canvas for creating caricatures in the folk art form known as hobo nickels. He also discusses Lincoln head cents and coin-collecting boards . . .

Read the David Lange interview at: CollectorsWeekly.com

Also, read my own interview with Collector's Weekly at: A.C. Dwyer interview

Which U.S. Mint Coin and Proof Sets Make the Best Investments?

(Susan Headley: coins.about.com) The U.S. Mint offers a bewildering variety of coin sets each year, ranging from the old stand-by's such as Proof sets and Uncirculated (year) sets, to the special commemorative sets and coins that have limited mintages. Learn which ones typically skyrocket in value right away, and which ones are usually the duds. . . .

Answer at: coins.about.com

Smart Collecting 101: Avoiding the Churn

(Doug Winter: Douglas Winter Numismatics) When talking to collectors, I often find myself giving them advice as to what makes a “good collector.” I thought it would be interesting to share some of my thoughts and observations in a series of blogs entitled “Smart Collecting 101.” These will run, from time to time, over the next few months.

One of the mistakes that many collectors make is allowing themselves to be “churned;” either by their dealer/adviser or by themselves. Churning is an expression that means too much buying and selling from an account (or in this case a collection) by a salesperson in order to generate profits for the company and commissions for the broker.

Many of the big marketing firms in the coin business (and some of the better known boutique retail firms) are notorious churners. They will . . .

Full story at: RareGoldCoins.com

Tuesday, June 22, 2010

World's largest gold coin could fetch $4 million at auction

The $1 million dollar face value Canadian Maple Leaf gold coin is to be auctioned off in Austria at the end of this month.

The record-breaking world's largest coin had been on loan to a museum in Vienna when its owner, an Austrian investment firm went bankrupt.

Michael Beckers, an auction expert, told the BBC how new methods had to be used to mint the coin . . .

Watch video at: BBC News

Want to invest in gold? You have a variety of choices

Interested in buying gold? You have plenty of choices.

If you want to own gold but don't want to take physical possession, your best option is an exchange traded mutual fund that buys gold bullion. You can buy and sell shares on the stock exchange throughout the trading day.

Many people who buy gold, however, want to take possession of the metal. Your best bet is to . . .

Full story at: USA Today

Lost valuable coins find their way home

Losing his valued coin collection could have been the final straw for Alexander Piascik.

He’d already lost his beloved wife, Joanne, two years ago to cancer. Only a few months later, their dog died. In fact, Piascick said he felt like hell was breaking loose. How much more could one person take?

But his tenacity was put to the test one more time when a fanny pack containing hundreds of rare and valuable coins fell out of the back of his truck on Monday, June 7 as he headed for the dog park.

“I had just been to my safe deposit box, and thought that I’d . . .

Full story at: Wilsonville Spokesman

Thursday, June 03, 2010

United States Mint Launches Franklin Pierce Presidential Dollar Coin

CONCORD, N.H. - The United States Mint today introduced the newest Presidential $1 Coin in a ceremony in Concord, New Hampshire. The coin honors Franklin Pierce, the Nation's 14th President.

"Starting today, millions of coins bearing former President Franklin Pierce's image will enter into circulation," said Andy Brunhart, United States Mint Deputy Director. "As these coins move from hand to hand, they will be a reminder of his contribution to our great Nation."

The event, co-hosted by Franklin Pierce College and the Pierce Brigade, took place at Pierce Manse, the former President's historic home. The event featured . . .

Full story at: USMint.gov