Saturday, April 30, 2011

Ulysses S. Grant Presidential Dollar Coin to be Released in May

U.S. Mint Image
WASHINGTON - May 19 marks the anniversary of General Ulysses S. Grant's campaign in 1863 to take the Confederate stronghold at Vicksburg, Mississippi. Nearly a century and a half later, the United States Mint will release to the Federal Reserve Banks a new $1 coin struck in honor of Grant, who went on to become the Nation's 18th President. To observe the coin's release, the United States Mint, in conjunction with the National Park Service, will hold a special launch ceremony and coin exchange on May 19 at the Ulysses S. Grant National Historic Site in St. Louis, Missouri.

Both the obverse (heads side) and the reverse (tails side) designs on the Ulysses S. Grant Presidential $1 Coin are by United States Mint Sculptor-Engraver Don Everhart. In addition to Grant's portrait, the coin's obverse bears the inscriptions . . .

Full story at:

Divers Unearth Treasure from Oldest Shipwreck

Silver coins and jade figurines from 1500s discovered
A chance encounter with a fisherman has led one team of treasure hunters to discover what they believe is the oldest shipwreck in the Caribbean.
And after only diving the site - located off the Dominican Republic coast - a handful of times, the team at Deep Blue Marine has unearthed some serious treasure.

At the last count Captain Billy Rawson and his crew had uncovered 700 silver coins that could be worth millions, jade figurines and even a . . .

Full story at: The Daily Mail

Wednesday, April 27, 2011

More Twists in $500 Million Sunken Treasure

TAMPA - It's one of the richest overnight arrivals at any airport, anywhere, ever -- bucket after bucket, filled with 17 tons of silver and gold coins.

"It took an entire 757 to transport all of the coins back to the United States. Every square inch, including every seat of the plane, had a bucket of coins belted in," said Mark Gordon, chief operating officer of Odyssey Marine Exploration.

Now, for the first time, they show what's inside . . .

Full story at: Fox News Tampa Bay

Friday, April 22, 2011

Counterfeit Silver Trade Dollars Seized in Chicago

U.S. Customs agents at O’Hare International Airport continue to seize counterfeit goods sent over from China — this time more than 350 forged rare antique U.S. coins.

Last week agents spotted something strange when X-raying a heavy package shipped from China and found 361 coins that appeared to be U.S. Trade Dollar coins, U.S. Customs and Border Protection agents announced Thursday.

The coins that were pressed with dates ranging from 1873 to . . .

Full story at: Daily Herald

Thursday, April 21, 2011

It Takes 6 Months and a Newspaper Reporter to get a Refund from this Coin Company

Way back in August, when it was so hot that you couldn't pick a dime off the pavement without burning your fingers, Mr. Takacs placed an order with a coin company in Minnesota for a "perfect MS 70" American Eagle silver dollar. That's the one with . . .

Full story at:

Wednesday, April 20, 2011

U.S. Postage Stamps Honor Americans That Died in Greek War of Independence

A new collection of postage stamps dedicated to American philhelleneswill be on sale at US post offices as of April 19, celebrated in Greece as the Day of Philhellenism and International Solidarity. The collection honors the Americans who fought and died in the struggle for Greek Independence.

The stamp series "Association of American Philhellenes 1810-1840" features an image of the grave of . . .

Full story at: Athens News

Hoard of $20 Gold Double Eagles Returned to Refugee's Family

LONDON.- On 18 April 2011 the Coroner for Inner North London resumed an inquest in relation to a hoard of American gold dollars found in Hackney in 2007. The hoard consists of 80 coins which were minted in the United States between 1854 and 1913. They are all $20 denominations of the type known as ‘Double-Eagle’ and the find is totally unprecedented in the United Kingdom.

The hoard was discovered in the back garden of . . .

Full story at:

Monday, April 18, 2011

Ancient Shipwreck Found in Dominican Republic is Possibly the Oldest

A Utah based company has found gold coins, jade statues, and ancient Mayan jewelry, which suggests the ancient shipwreck by the Dominican Republic, might be the oldest known.

“This is the history and the birthplace of America and here we are lucky enough to be finding the shipwrecks from that . . .

Full story and video at: Hispanically Speaking News

Friday, April 15, 2011

Museum Hopes to Buy Iron Age Gold Coin Hoard

A hoard of Iron Age gold coins found in a pot in a Suffolk field in 2008 could go on display at a museum after being valued at £300,000.

Experts said half of any money raised should go to . . .

Full story at: BBC News

2011 American Eagle Gold Proof Coins Available April 21

WASHINGTON - The United States Mint will begin accepting orders for the 2011 American Eagle Gold Proof Coins at noon Eastern Time (ET) on April 21, 2011.
Pricing for the American Eagle Gold Proof Coins will be based on the United States Mint's pricing structure for precious metals products. Current pricing information is available at . . .

Full story at:

Wednesday, April 13, 2011

Buried Treasure of Gold Coins Ruins Friendship

IT WAS one of the most important and exciting archaeological discoveries of its kind in 150 years.

A total of 840 Iron Age gold coins – dating back to life in Britain before it fell under the influence of the Roman Empire – were found in a field at Dallinghoo, near Woodbridge.

But since the hoard – dubbed the Dallinghoo Gold – was discovered at the end of . . .

Full story at: Evening Star

Are Kate Middleton and Prince William Royal Wedding Coins a Good Investment?

They don't call the British monarchy "The Firm" for nothing. This month's royal wedding of Prince William and Kate Middleton is more than a feel-good moment for royal-watchers, it is also a bonanza for the royal souvenir industry and a golden opportunity for serious collectors.

In among the cheap mugs and tea towels and tacky Royal Jewels condoms are some items of more lasting value. At a time when gold and silver prices are chasing records, Perth Mint has produced its own silver coin and is . . .

Full story at: The Sydney Morning Herald

Monday, April 11, 2011

US Mint To Release 2011 Silver 5 Oz Bullion Coins; Increases Quantity

(Kitco News) - The U.S. Mint plans to release the first two coins in its 2011 five-ounce silver bullion coins in two weeks and with “substantially higher” quantities than in did for the 2010 series, the Mint said Thursday.

Starting April 25, the Mint will accept orders for the first two of the 2011 “America the Beautiful” five-ounce silver bullion coins on an equal, allocated basis to . . .

Full story at: Kitco News

Great Rush to Secure 1,000 Euro Gold Coins

Paris, France (Commodity Online):A new €1,000 gold coin being minted in France is already trading at more than its face value a month before its issue date.

The French Mint will produce only 10,000 of the new coins, Radio France Internationale reported. With a face value of $1,448 at current exchange rates, the coins, which weigh . . .

Full story at: CommodityOnline

Saturday, April 09, 2011

The Destruction of Money: Who Does It, Why, When, and How?

Think about money being created. A furiously spinning printing press might come to mind. Now imagine money being destroyed. Do you think of a three-story shredder, a bonfire, a wide blue recycling bin?

You might have noticed that it's pretty hard to find any cash printed much earlier than the 1990s in circulation. Just as more money is constantly being created, it's also constantly being destroyed. Who are the destroyers of money, and how do they do it?

Full story at: The Atlantic

Thursday, April 07, 2011

New Kate Middleton and Prince William Royal Wedding Coins Unveiled by Canada

$20 silver and a 25-cent piece to commemorate royal wedding

Collectors grab your wallets: the Royal Canadian Mint on Wednesday unveiled two collector coins commemorating the upcoming wedding of Prince William and Kate Middleton.

A $20 silver coin created by Canadian artists Laurie McGaw and Susan Blunt features an engraving of the couple, with the image of the Queen on the other side.

A 25-cent nickel plated steel coin depicts a . . .

Full story at: Ottawa Citizen

Wednesday, April 06, 2011

Silver Dollar Coin Commemorates 100th Anniversary of the Royal Australian Navy

Perth Mint Image
(Press Release) The Perth Mint boarded HMAS Perth to launch Australia’s precious metal coin tribute to mark 100 Years of the Royal Australian Navy.

In 1 March 1901, two months after Federation, responsibility for the former colonies’ naval forces passed from Britain’s rule to the new Commonwealth Government. This set in motion a sequence of developments which resulted in King George V granting the title ‘Royal Australian Navy’ to the Commonwealth Naval Forces on 10 July 1911.

Perth Mint Chief Executive Officer Ed Harbuz said that the Mint recognises the enormous pride Australians have in the men and women of their Defence Force, with the successful release of many commemoratives which observe Australia’s military milestones. “The remarkable response we receive to military-themed coin programs is undoubtedly a . . .

Full story at: Perth Mint

Rare Coin Firm and Ty Pennington Team Up for Reality TV Show Pilot

R.M.S. Queen Mary
Auction of Newly Discovered 1880 $100 Legal Tender Note to be Part of Reality TV

Press Release - LONG BEACH, CA – One of America's leading reality TV personalities, Ty Pennington of Extreme Makeover: Home Edition, and Heritage Auctions will conduct a very special television first made-for-TV auction event, on April 16, aboard The Queen Mary. The auction is being produced for an ABC-TV pilot by Cineflix Productions.

The event will feature a special variety of items – including . . .

Full story at: Heritage Auction Galleries

Pre-1933 U.S. Gold Coin Premiums at Historic Lows

Unusual opportunity for owners of Eagles, Maple Leafs, Krugerrands & gold bars to trade for semi-numismatic coins

Press Release - DALLAS, TX – Heritage Auctions has issued a Client Advisory to its bidder-members recommending owners of gold bullion coins take action based on the current low premium prices for pre-1933 U.S. gold coins.

“Hundred-year-old U.S. eagles and double eagles can be bought right now for premiums as low as 8 to 12%, while common U.S. Eagles minted last week wholesale at about 3% over melt,” said Jim Halperin, Co-Founder of Heritage.

“Therefore, we’re strongly encouraging our clients to take advantage of those numbers. For investors with bullion in the form of modern U.S. gold coins, Canadian gold Maple Leafs or South African Krugerrands, this is a great time to trade up to semi-numismatic coins at a fraction of their normal historical premiums.

Then when the premiums inevitably rise again someday, they can trade those coins for significantly more 1-ounce bullion coins than they had previously owned.

In fact, I know investors who have traded in and out of generic gold for years, and have thus added 50-100% to their number of gold ounces owned – without spending an extra dime!”

Based on the most recent . . .

Full story at: Heritage Auction Galleries

Chinese Rare Coins Headline Chicago World and Ancient Coin Auction

DALLAS, TX.- A wide array of international numismatic rarities, including fine examples of Chinese, Polish, Russian, Australian and South American coins, and the highly specialized Dana Roberts Collection of Latin American coins – including dozens of coins than have not been offered at auction in decades – make up Heritage Auctions’ Rosemont Signature® World and Ancient Coins Auction, presented in conjunction with the Chicago International Coin Fair (CICF), April 15-18.

“We are excited to offer the largest selection of Chinese coins Heritage has ever presented with more than 500 coins,” said Cristiano Bierrenbach, Vice President of International Numismatics at Heritage. “One of our favorite coins in the CICF auction is a spectacular . . .

Full story at:

U.S. Mint to Launch Glacier National Park Quarter in April

The United States Mint will join National Park Service officials Wednesday, April 13 to launch the seventh coin in the America the Beautiful Quarters® Program honoring Glacier National Park. The ceremony will take place at Columbia Falls High School in Columbia Falls, Montana, at 1:00 p.m. Mountain Time (MT). Following the ceremony, there will be a coin exchange where the public can swap their currency for $10 rolls of the new Glacier National Park quarters.

Full story at:

Tuesday, April 05, 2011

Oldest Coins Minted in the New World Found in Caribbean Shipwreck

MIDVALE -- A Midvale, Utah based underwater exploration and recovery company, Deep Blue Marine, Inc., has discovered what they believe to be the oldest colonial shipwreck in the Caribbean.

"We have found a shipwreck that we can definitively date back to 1535," Deep Blue Marine CEO Wilf Blum said. "We have also found artifacts that are still in the Dominican Republic that date back to the pre-Columbian era. When you think about that, this is significant. This shipwreck is just a few years after Columbus and it is the single oldest shipwreck ever found in the Caribbean. We think this is . . .

Full story at:

Feds Seek $7 Million in Privately Made Liberty Dollars

(AP) RALEIGH, N.C. - Federal prosecutors on Monday tried to take a hoard of silver "Liberty Dollars" worth about $7 million that authorities say was invented by an Indiana man to compete with U.S. currency.

Bernard von NotHaus, 67, was . . .

Full story at: CBS News

Gold Treasure, Roman Coins Revealed in U.K.

Fifty thousand Roman coins found in a field in Somerset, England, in 2010 (including the artifacts above) amount to the largest hoard of coins discovered in a single vessel—and the second largest hoard of ancient coins ever found in Britain, according to British Museum experts.

The coins, along with recently discovered Iron Age . . .

Full story at: National Geographic Daily News

Record Prices Draw Young, Old to Coin Collecting

TOWN OF RIB MOUNTAIN -- Two years ago, Ian Fisher's grandfather gave him a silver dollar, a couple of 50-cent pieces and two silver quarters.

Those few coins planted the coin-collecting bug in the 10-year-old Merrill resident. As he dug through a box of foreign coins . . .

Full story at: Wausau Daily Herald

Gold Coin Marks Beatification of John Paul II

Poland marks beatification of countryman John Paul II with gold, silver coins

WARSAW, Poland (AP) -- Poland is issuing gold and silver collector coins to mark the beatification of its native son, the late Pope John Paul II.

The most precious are 500 gold coins worth . . .

Full story at: Yahoo News

Monday, April 04, 2011

How the Internet Has Changed Rare Coin Auctions

(Doug Winter, DWN) In my last blog, I discussed ways how the internet has impacted the concept of eye appeal when it comes to coins. Continuing this internet-related theme, I’d like to focus on how the web has impacted rare coin auctions.

The impact of the internet on coin auctions in the past ten years has been monumental; more so, I’d venture to say, than virtually any other collectible. Ten years ago, the auction business had . . .

Full story at: Douglas Winter Numismatics

Sunday, April 03, 2011

Ancient and Colonial Coins Replicated by Artist

PUTNAM VALLEY — Charles Doyle's garage is, like many others, a catch-all for the detritus of suburban life. A raft of Bounty paper towels sits on one shelf, a big box of Milk-Bone dog biscuits sits on another. Propped against a wall is a Miller Genuine Draft sign.

But within that garage, a visitor can hold a coin not far removed from ones that passed through the hands of Alexander the Great, Julius Caesar or . . .

Full story at:

Ron Paul to Probe US Mint Coin Shortage

Texas (Kitco News) -- Rep. Ron Paul, R-Texas, has one question for the U.S. Mint: why is there a coin shortage? He is aiming to get to the bottom of this during a scheduled April 7 hearing of his U.S. House Subcommittee on Domestic Monetary Policy to examine the bullion programs at the U.S. Mint.

“We are going to try and find out what the Mint has done so they can give us a better answer as to why there is a shortage. Why can’t they keep the supply of coins . . .

Full story at: Commodity Online

Saturday, April 02, 2011

Euro Coins Intended for Scrapheap Smuggled in Forgery Ring

An air stewardess struggling with a heavy bag at a German airport led investigators to the heart of a scam involved Euro coins worth millions, it has emerged.

Thousands of one and two euro coins were discovered in the stewardess' bag early last year, sparking an investigation that uncovered a forgery ring involving Chinese criminals.

Six people were arrested on Wednesday, four of whom are Chinese, and investigators believe the scam could involve . . .

Full story at: Daily Mail

Official Kate Middleton and Prince William Royal Wedding Coin Unveiled

Royal Mint Press Release - The only official UK coin being struck to commemorate the wedding of Prince William to Miss Catherine Middleton has gone into production March 17 at the Royal Mint in Llantrisant, South Wales.

Approved by the Royal Household and the Government, the coin features relaxed, modern portraits of the couple, an approach also evident in the informal use of their names and the date of the wedding circulating their portraits. The obverse bears a portrait of Prince William’s grandmother, The Queen.

The coin has been . . .

Full story at: The Royal Mint