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:

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:

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

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:

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:

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