Saturday, May 28, 2011

Discovered Buried Treasure May Be Lost Again

When a 19 year-old construction worker plucked the first golden coin from the rubble at an Albany construction site, he could not have predicted the excitement it would cause.

But as workers dug coin after coin from the ground, finally counting more than 300, they probably realised they were onto something big.

The coins, found just inches under slabs of tarmac at the site of the old Freemasons Hotel, were solid gold sovereigns, dated between . . .

Full story at: ABC News

$1 Million Rare Coin Collection Scatters Across Highway in Florida

A trip to a coin show really did turn into a treasure hunt on a highway in Florida.

A man's rare coin collection worth $1million was scattered along Interstate 95 when the collector's car was involved in a rollover crash near New Smyrna Beach on Thursday evening.

Demetri Cirillo, 47 and his wife Dawn, who live in Boca Raton were on their way to a show in Jacksonville when a back tire blew out in . . .

Full story at: Daily Mail

Thursday, May 26, 2011

Kiwis Celebrate Twenty Years of "Gold" Coins

Kiwis should check down the back of the couch for New Zealand’s ‘lost millions’.

It is twenty years since the gold-coloured $1 and $2 coins were introduced, replacing paper notes of the same denomination.

To celebrate the milestone, New Zealand Post has issued a limited edition set of New Zealand’s five currency coins, minted in pure silver. The designs featured on the iconic coins replicate those on New Zealand’s currency, which uniquely capture elements of our culture, history and heritage.

The gold-coloured $1 and $2 coins were introduced as legal tender back in 1991, but there is still plenty of ‘old money’ floating around. The Reserve Bank of New Zealand says a total of . . .

Full story at: New Zealand Post

Wednesday, May 25, 2011

$500,000 Million Shipwreck Treasure's Fate to be Decided by U.S. Court

US deep-sea explorer firm Odyssey has told a US court it refuses to recognise Spain as the owner of a massive treasure haul recovered from a shipwreck in the Atlantic, a company source says.
Lawyers for the firm based in Florida argued before an appeals court for a reversal of a 2009 decision by a trial judge that recognised Spain as rightful owner of the galleon treasure, which includes more than half a million coins and pieces of gold and silver.

"The district court erred in awarding Spain the coins. Without . . .

Full story at: The Australian

Tuesday, May 24, 2011

Gold and Silver Coins to be Legal Currency in Utah

Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow.

The idea is simple . . .

Full story at: Yahoo News

Monday, May 23, 2011

Buried Treasure is a Passion for Oklahoma Man

Treasure hunter's latest find is a 1787 Carolus III Spanish coin

DEL CITY, Okla. — When Justin Finley was 9 years old, he asked his mother if he could make a swimming hole in the backyard.

Finley never finished the pool, but he found a hobby buried in the dirt and clay of the family's Sulphur home. He found a bottle buried in the yard. It was old and had a skull and . . .

Full story at: Daily Journal

Friday, May 20, 2011

$500,000 Buried Treasure of British Gold Coins Unearthed at Australia Construction Site

A treasure trove of 19th century British coins has been unearthed in Australia. Construction workers discovered the British sovereigns while digging in the port city of Albany, on Australia’s south west coast. Between 300 and 400 are said to have been found.

A spokesman for West Australia police told the Associated Press that the coins dated from . . .

Full story at: Yahoo Finance (UK)

U.S. Mint Launches Ulysses S. Grant Presidential Dollar Coin

ST. LOUIS - The United States Mint and the National Park Service hosted a launch ceremony to celebrate the release of the new Ulysses S. Grant Presidential $1 Coin today, the 148th anniversary of Grant's Civil War Vicksburg campaign in Mississippi.

"Beginning today, Federal Reserve Banks are releasing millions of Ulysses S. Grant Presidential $1 Coins into circulation to be used by Americans everywhere in the nation," United States Mint Acting Deputy Director Al Runnels said in his remarks. "Americans know Grant best as the victorious general in the Civil War, and these new coins can't help but remind us of that defining period in our history, but they will also connect America to Grant's two terms as our . . .

Full story at:

Tuesday, May 17, 2011

Is Silver Being Manipulated?

The voices are getting louder about the manipulation of silver prices, and a vast number of websites can provide a forum for these claims. I don’t have proof of manipulative tactics either way, but what I find fascinating is that the same accusation is made with relation to oil – except that the oil price is being manipulated up! Was silver being manipulated while rising, or was it supply and demand from an investment perspective? The large silver price drop took place during . . .

Full story at: Seeking Alpha

Silver Coins Not So Precious to Dealers

Owners of vintage Lady Liberty silver dollars looking to cash in their collections might have noticed her frowning as the price of the precious metal has dropped during the past few weeks.

Her profile graces the obverse or face of many of the older coins and sellers have had to face up to the fact that Lady Luck lately hasn’t been on their side.

But a random sampling of three area dealers shows . . .

Full story at: The Times Leader

Is It Time to Kill the Five Cent Coin?

Australia has already lost its bronze one and two cent pieces but now there are suggestions we should can the current smallest denomination.

Five cent coins are of decreasing use in ticketing and vending machines, so should we keep them?

Full story at: ABC North Queensland

Monday, May 09, 2011

A Gold Standard Does Not Require Full Gold Backing for Currency Issued

Among the various fairy tales you hear about gold standard systems, one of the most pervasive is the idea that there is, was, or should be a 100% reserve of gold to make it work. As a corollary, the idea emerges that you can't have a gold standard system unless you have . . .

Full story at:

Thursday, May 05, 2011

Iron Age Gold Coin Treasure Hoard Goes on Display

A hoard of 840 Iron Age gold coins goes on display at the Ipswich Museum.  The coins were found in 2008 by a metal detector hobbyist in Suffolk in 2008.

The Crown has lent some of the coins to the museum while it tries to raise the money to keep the coins. The numismatic value of the coins is estimated at over $500,000 dollars.

Watch a video of items from the hoard at: BBC News

Tuesday, May 03, 2011

£40,000 Solid Gold Kilo Coin Marks Royal Wedding

The Royal Mint has created a unique piece of Royal Wedding history like no other. Only 40 of the 22 carat gold ‘kilo’* coins, featuring a traditional portrait of Prince William and Miss Catherine Middleton, have been struck at its site in Llantrisant, South Wales. Made from a kilogram of solid gold and selling for £40,000, it is the first time in the Royal Mint’s 1,000 year history that kilo coins have been made to celebrate a Royal Wedding day. Making them amongst the most expensive, rare and exclusive items to commemorate the Royal Wedding.

Each kilo coin is 10 centimetres in diameter, nearly four and a half times the size of a standard £1 coin. Produced individually and finished by hand, the Alderney coins have a face value of £1,000, which is five hundred times greater than the highest value coin in circulation – the £2 coin.

In addition, 200 pure silver kilo coins have also been produced. With a face value of . . .

Full story at: The Royal Mint

Monday, May 02, 2011

Eliza Johnson First Spouse Gold Coin and Bronze Medal to go on Sale

U.S. Mint Image
WASHINGTON - The United States Mint announced the opening of sales for the Eliza Johnson First Spouse Gold Coin and Bronze Medal on May 5, 2011, at noon Eastern Time (ET). The coin is produced in .9999 fine (24-karat) gold.

The coin's obverse (heads side) design, by United States Mint Artistic Infusion Program (AIP) Master Designer Joel Iskowitz, bears the likeness of Johnson with the inscriptions ELIZA JOHNSON, IN GOD WE TRUST, LIBERTY, 2011, 17th and 1865-1869. The coin's reverse (tails side) design, by AIP Associate Designer Gary Whitley, depicts three children dancing and a Marine Band fiddler playing at the children's ball that was held for President Johnson's 60th birthday. Inscriptions are UNITED STATES OF AMERICA, E PLURIBUS UNUM, $10, ½ OZ. and .9999 FINE GOLD.

Pricing for the gold coins will be based on the United States Mint's pricing structure for precious metals products, available at . . .

Full story at:

2011 American Eagle One Ounce Gold Uncirculated Coins to go on Sale

U.S. Mint Image
United States Mint Opens Sales of 2011 American Eagle One Ounce Gold Uncirculated Coins on May 5

WASHINGTON - The United States Mint will open sales for the 2011 American Eagle One Ounce Gold Uncirculated Coins at noon Eastern Time (ET) on May 5, 2011. The coin's cost is based on the United States Mint's pricing structure for precious metals products. Current pricing information is available at

Orders will be accepted at or at 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT (6468). A $4.95 shipping and handling charge will be added to all domestic orders.

Customer demand will determine the number of 2011 American Eagle One Ounce Gold Uncirculated Coins minted. There is no order limit.

The American Eagle One Ounce Gold Uncirculated Coin is the collector version of the American Eagle Gold Bullion Coin. Struck on specially burnished blanks, the coin bears a finish similar to its bullion counterpart but has a "W" mint mark, indicating its production at the United States Mint at West Point. Each coin is encapsulated in plastic and mounted in a presentation case accompanied by a . . .

Full story at: