Wednesday, September 28, 2011

U.S. Mint Suspends Silver Coins Due to Tumbling Silver Prices

The U.S. Mint has temporary suspended the sale of several silver collector coins and sets including the uncirculated American Silver Eagles and the American the Beautiful Five Ounce silver coins.

Plummeting silver prices prompted the Mint to . . .

Read more at: mineweb.com

Massachusetts Senators Introduce Legislation to Protect Dollar Bill and Local Paper Company

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Currency Efficiency Act ... to protect the paper dollar

Some House Republicans have proposed a bill which would kill the 1-dollar bill and replace it with a mandated dollar coin, The Hill's Peter Kasperowicz reports.

Rep. David Schweikert (R-AZ) and two other House Republicans introduced the Currency Optimization, Innovation and National Savings (COINS) Act last week, saying the U.S. would save $184 million a year by . . .

Read more at: TPMDC

Wednesday, September 21, 2011

New Coins Feature Canada's Most Mythical Creatures

The Royal Canadian Mint is rolling out a series of colorful 25-cent coins featuring three of the country's most famous mythical creatures.

Up here in the Great White North, we like our currency to have a little zing.

We've got loonies, we've got twoonies - the two-dollar bill was actually a real thing here until it was replaced by a coin - and when it comes to paper money, it's colors, not numbers, that are . . .

Read more at: The Escapist Magazine

House Republican Submits Legislation to Phase Out Dollar Bill in Favor of Coins

Arizona Republican David Schweikert has submitted legislation designed to phase out one dollar bills.

The southwest congressman is not suggesting the area return to the peso. Instead, he wants to replace them entirely with dollar coins.

On Tuesday, the freshman congressman who sits on the House Financial Services Committee introduced the Currency Optimization, Innovation and National Savings, or COINS Act, claiming its passage would help combat . . .

Read more at: Huffington Post

Court Rules $500,000 Million Shipwreck Treasure Must Be Returned to Spain

A U.S. federal appeals court upheld on Wednesday a lower court ruling that a Florida treasure-hunting firm must hand over to Spain $500 million in gold and silver coins salvaged from the bottom of the Atlantic in May 2007.

The decision by a three-judge panel of the 11th U.S. Circuit Court of Appeals in Atlanta represents a "complete victory" for Spain in the legal battle with Odyssey Marine Exploration, Inc., the attorney representing the Spanish government . . .

Read more at: Fox News Latino

Monday, September 19, 2011

British Virgin Islands Issues 9/11 10th Anniversary Commemorative Coin

Ten years ago in 2001, the horrific events of 11 September unfolded before the world’s eyes. In a spirit of respect for those who sadly lost their lives following these events, Pobjoy Mint is releasing on behalf of the British Virgin Islands Government a 10th Anniversary Memorial coin.

On that fateful morning in September 2001, 19 al-Queda terrorists hijacked four commercial jet airliners. Two of these planes were intentionally crashed into the . . .

Read more at: Pobjoy Mint

U.S. Mint Issues Consumer Alert About 9/11 Commemorative Dollar

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The United States Mint wants to alert consumers and the public about a new product being marketed by a private firm—the National Collector's Mint. The National Collector's Mint advertises this product as a "10th Anniversary September 11th Commemorative Dollar" and claims that it is a "Liberian government authorized legal tender coin."

This product is not a genuine United States coin or medal. Under the Constitution, Congress has the exclusive power to coin money of the United States. Congress has delegated its authority to mint and issue coins to the . . .

Read more at: usmint.gov

Vietnam's History Through Ancient Coins

Vietnam’s history is clearly reflected through ancient coins. Each coin is associated with a dynasty, a king and a historical period of the country.

Mr. Dang Duc Dung has spent 25 years to seek and research ancient coins of Vietnam. He currently owns an invaluable collection of coins. He has published a book about the coins, through which tells Vietnam’s history.

Visiting Dung’s home on Hoang Hoa Tham Street, Binh Thanh district, HCM City, one will see a large-sized picture of Vietnam’s coins which were cast for centuries ago amid the house. The house is also decorated by many jars of ancient coins, coins and pictures of coins.  Dung’s collection of ancient coins is . . .

Read more at: VietnamNet

Thursday, September 15, 2011

U.S. Mint Employee Admits Stealing $2.4 Million in Presidential Dollar Error Coins

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CAMDEN, N.J. (AP) — A former police officer for the U.S. Mint in Philadelphia has admitted to stealing $2.4 million worth of "error" coins and selling them to a coin distributor in . . .

Read more at: Yahoo News

Silver Spanish Colonial Coins Minted in Mexico Discovered in Shipwreck Treasure

TAMPA, FL, Sep 13, 2011 (MARKETWIRE via COMTEX) -- Seafarer Exploration Corp. /quotes/zigman/519398 SFRX +18.44% , a company focused on the archaeologically-sensitive exploration and recovery of historic shipwrecks, announced today that it has recently discovered a few small silver coins and . . .

Read more at: MarketWatch

Sunday, September 11, 2011

U.S. Mint Issues Medal Commemorating 10th Anniversary of September 11 Terrorists Attacks

WASHINGTON - The Nation will pause on Sunday, September 11, 2011, to observe the 10th anniversary of the terrorist attacks on the United States.

 To commemorate this tragic moment in history, the men and women of the United States Mint are proud to strike and make available the official 2011 September 11 National Medal.

The medal is authorized by Public Law 111-221, the "National September 11 Memorial & Museum Commemorative Medal Act of 2010."

The medal's obverse (heads side) design features . . .

Read more at: usmint.gov

Thursday, September 08, 2011

Presidential Dollars Pile Up in Baltimore Bank

In a dimly lit underground vault a block from Camden Yards, the Federal Reserve is holding millions of dollars in cash that nobody wants.

The money — stored in cloth and plastic sacks piled high on metal shelving units — is in the unloved form of dollar coins, some of them never used. But a 2005 law requires the reserve bank to keep ordering coins regardless of its . . .

Read more at: The Baltimore Sun

Treasure Hunters Flock to Beach after Storms

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Ana Ramirez, 35, of Coney Island swung her metal detector over the sand just off the Coney Island Boardwalk in the shadow of the Wonder Wheel ride.

“People say that storms sweep a lot of sand away, so it’s a good time to look for things on the beach,” Ms. Ramirez said as she walked on the beach a few days after Tropical Storm Irene lashed the city.

She recently bought a second-hand detector from a . . .

Read more at: The New York Times

If You’re Looking For Bubbles, Don’t Look At Gold Coins

Of all asset classes in today’s markets, gold is unique. And for a number of reasons.

Firstly it acts as a long-term hedge and a short-term flight to safety instrument against virtually all other asset classes. Secondly, it supports a wide range of instruments, including physical delivery (bullions, coins and jewellery), gold-linked legal tender, gold-based savings accounts, plain vanilla and . . .

Read more at: The Globe and Mail

Saturday, September 03, 2011

ANA World's Fair of Money Draws Over 9,100 Visitors

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The American Numismatic Association welcomed 9,113 visitors during the 2011 World’s Fair of MoneySM, Aug. 16-20 in Chicago.

“We are incredibly proud to hear so many members, collectors and dealers say this World’s Fair of Money was such a fantastic show,” President Tom Hallenbeck said. “We’re very excited to return to Chicago in . . .

Read more at: ANA News

Thursday, September 01, 2011

Viking Silver Coin Hoard Declared Treasure

A Viking hoard of silver coins and artefacts uncovered in the Cumbrian countryside has been formally declared treasure.

A metal detectorist discovered the 92 silver coins and artefacts at an undisclosed site in . . .

Read more at: BBC News