Tuesday, January 31, 2012

Treasure Hunters Prepare To Recover $3 Billion In Platinum

BOSTON (CBS) – Here on the Sea Hunter docked at Pier 1 in East Boston, the crew is getting ready to get their shipwrecked treasure.

After three years working on this project, they are ready to recover the $3 billion in platinum.

MV Sea Hunter Captain Gary Esper says, “We’re just about ready to pull it up. It’s . . .

Read more at: CBS Boston

Friday, January 27, 2012

Puerto Rico's El Yunque National Forest America the Beautiful Quarter Dollar Coin to be Released

WASHINGTON - The first 2012 coin in the United States Mint's America the Beautiful Quarters Program - honoring Puerto Rico's El Yunque National Forest - entered into circulation on January 23.

At noon Eastern Time (ET) on February 3, the bureau will offer collectible bags and rolls of the El Yunque National Forest quarter for sale at its Web site, http://www.usmint.gov/catalog.

The 100-coin bags are priced at $34.95, and the two-roll sets (40-coins per roll) are priced at $32.95. These prices are significantly lower than those charged for America the Beautiful Quarters Bags and Rolls products in 2011.

The coins in the bags and rolls were struck on the main . . .

Read more at usmint.gov

Thursday, January 26, 2012

Mysterious Treasure Found along Colorado River

A buried treasure uncovered in Bastrop has people wondering who it belongs to and where it came from.

Last week a man found a bag of money along the Colorado River in Fisherman's Park in Bastrop.

Police say this may not be a case of "finder’s keepers." . . .

Read more at: Fox 7 Austin

Rich Facts about U.S. Currency

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They say you have to spend money to make money, and the U.S. mint is no exception.

According to the Federal Reserve Board, $1 and $2 bills cost 5.5 cents per note, while $5 and $10 notes cost 9.9 cents to manufacture. A $100 note costs 9.9 cents as well to manufacture while $20 and $50 bills cost 10.9 cents to make.

Here are some facts about the U.S. currency, including how it's . . .

Read more at: Tri-County Times

100,000 Gold Coins Believed Part of HMS Victory Shipwreck Treasure

LONDON — A Tampa-based deep-sea salvage company will help explore the wreck of the renowned 18th century warship it discovered at the bottom of the English Channel four years ago, a charity said Monday.

The newly established Maritime Heritage Foundation said that . . .

Read more at: Tampa Bay Online

Wednesday, January 25, 2012

Renewal of U.S. Import Restrictions on Cypriot Coins?

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GAINESVILLE, Mo., Jan. 24, 2012 -- /PRNewswire/ -- At the Cultural Property Advisory Committee meeting on January 18th, oral submissions on whether the MoU between the U.S. and Cyprus should be renewed were heard at the State Department offices in Washington D.C. This followed the public submission process that closed on January 3rd.

Representing coin collectors and the numismatic trade were Wayne Sayles, (Ancient Coin Collectors Guild); Peter K. Tompa (International Association of Professional Numismatists and Professional Numismatists Guild) and Eloise Ullmann (Industry Council for Tangible Assets).

Wayne Sayles stressed that if import restrictions are to be imposed, then all . . .

Read more at: Sacramento Bee

Sunday, January 22, 2012

We Want Our Coin Back - Greece

Athens - Athens has asked Switzerland to return a 480 BC silver coin sold in a Zurich auction for 80,000 euros , a newspaper reported.

The silver drachma, showing a soldier and a horse on one face and bearing a royal seal on the other, was put on sale and the Greek police . . .

Read more at: Independent Online

HMS Victory Treasure Will Finally Be Salvaged

The remains of the first HMS Victory are to be raised from the sea bed nearly 300 years after it sank, it was reported today.

The vessel, predecessor of Nelson's famous flagship, went down in a storm off the Channel Islands in 1744, taking more than 1,000 soldiers to their deaths.

Along with a bronze cannon collection, some believe the ship was carrying a large quantity of gold coins from Lisbon to Britain, which would now be worth a reported £500 million.

According to the Sunday Times, the wreck is to be handed over to the Maritime Heritage Foundation, which is expected to employ Odyssey Marine Exploration to carry out the . . .

Read more at: The Sunday Mirror

Thursday, January 19, 2012

Rare 1878 Goloid Metric Dollar Appears at Roadshow

Image of a Goloid Metric Dollar
No bullion, Austin may be home to some rare artifacts.

David Wright, field manager with Treasure Hunter’s Roadshow out of Springfield, Ill., discovered that first hand on Monday when an Austinite brought in what appeared to be an authentic, rare coin called a goloid.

“That’s one of the best parts about this job,” Wright said about rare artifacts popping up.

The coin was made in 1878 and contains mostly silver, about 3 or 4 percent gold and 9 percent copper. Goloids were proposed and patented by . . .

Read more at: The Austin Daily Herald

South Dakota Kills Bill to Tax Rare Coins and Bullion

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PIERRE, S.D. — The owner of a rare coin shop in Rapid City said he's relieved a South Dakota House Committee has killed a bill that would apply a sales tax to coins, currency and bullion.

"It would put me out of business," said Louis Anagnostopulos while testifying against a House bill that would levy a 6 percent tax rate on sales of coins and metals at . . .

Read more at: The Republic

Friday, January 13, 2012

Former ANA Money Museum Curator Pleads Guilty to Stealing $1 Million in Rare Coins

COLORADO SPRINGS – Former ANA collections manager Wyatt Yeager entered a guilty plea today in Federal District Court in Wilmington, DE, to the theft of approximately 300 historically significant coins and other numismatic objects, valued at $984,740, from the American Numismatic Association Money Museum, ANA President Tom Hallenbeck has announced.

Yeager, 33, was the museum’s collections manager from January through March 2007 and is charged with Theft of Major Artwork, violation of Title 18, United States, Section 668. Yeager faces a maximum statutory penalty of 10 years imprisonment, a $250,000 fine and three years supervised release following any term of imprisonment. Among the stolen items are an Australian 1813 Holey Dollar, a 1795 Half Eagle and an 1836 Gobrecht Dollar.

The theft was discovered by museum officials in . . .

Read more at: money.org

Wednesday, January 11, 2012

Rare 1793 Coin Bought for $4 Sells for $13,899

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"The most interesting thing we've ever sold online was a single half-cent coin, we believed to be a 1773 Colonial half-cent. I think we paid about $4 for the coin.

We listed the coin on New Year's Eve , with a starting price of $5.99 ." The 30% margin would have been a good sale, but that's not how the story ends. . . .

Read more at: Yahoo Finance

Stupid Thieves Dump Rare Coins into Coinstar Machine

A man’s rare coin collection worth several thousand dollars was stolen on Christmas Day, and the thieves dumped it into a store’s coin-counting machine in return for only $450.

But the kicker, police say, is that one of the thieves was the victim’s son – and, apparently unknown by him, the coins were meant to be his inheritance. . . .

Read more at: q13fox.com

2012 Presidential Dollar Coin Designs Released

U.S. Mint Images
WASHINGTON - The United States Mint today announced the designs that will appear on the Presidential $1 Coins in 2012. The obverse (heads sides) of the coins will bear striking portraits of former Presidents Chester Arthur, Grover Cleveland (first term), Benjamin Harrison and Grover Cleveland (second term).

Inscriptions on the obverse of each coin include the . . .

Read more at: usmint.gov

Ancient Roman Pornographic Token Found in London

Museum of London Image
The first known Roman brothel token to have been discovered in London and most likely Britain, is on temporary display at the Museum of London.

The token or spintria, depicts a man and a woman having sex on one face, and has the Roman numerals XIIII (14) on the other. The lady appears to be lying on a couch on her front and a male figure is positioned behind her.

The item was hit upon by a mudlarker on the Thames foreshore near Putney Bridge, whilst searching with a metal detector. It was then declared to the Museum of London under the Portable Antiquities Scheme (external website). The spintria is roughly the size of a 10 pence piece and may even be the only such token ever found in Britain.

Caroline McDonald, Museum of London Curator, said: “This is the perfect archaeological object. It’s sexy and provocative in the best sense of the word. The lot of a Roman sex slave was not a happy one and objects like this . . .

Read more at: Museum of London

Tuesday, January 10, 2012

Rare Penny Sells for $1 Million

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ORLANDO, Fla. -- Talk about a lucky penny. It was actually worth $1 million.

That was the final bid by an unknown buyer for the one-cent copper coin minted in 1793, the first year the United States produced its own coins. Its sale was one of the biggest deals at the coin show and annual convention of the . . .

Read more at: The Standard-Examiner

Vietnam Vet Finds Rare Treasures Under the Sands

Bob Spratley has a lot of secrets.

He knows where to find 20 shipwrecks around St. Augustine, he can find gold and silver buried beneath the sands of local beaches, and he discovered one of the sites of the nation’s most notorious slaughters.

“He found the Matanzas site, the massacre site,” said John Powell, living history interpreter at the Fountain of Youth. “Bob is beyond a metal detectorist. Bob is touched by . . .

Read more at: The St. Augustine Record

Wednesday, January 04, 2012

North Korea to Issue Gold Coins to Honor Late Leader

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(THE KOREA HERALD/ASIA NEWS NETWORK) - North Korea said on Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong Il's ascension to the supreme commander of the communist nation's . . .

Read more at: The Sunday Times