Friday, March 30, 2012

Canada Dumps the Penny

The Canadian government announced on Thursday that it plans to pull the penny from circulation at the end of 2012, saying the copper-coated currency is more expensive for the Royal Canadian Mint to produce than its actual currency value.

"Pennies take up too much space on our dressers at home. They take up far too much . . .

Read more at: Yahoo News

Thursday, March 22, 2012

U.S. Mint to Offer Bulk Presidential Dollar Coins Again . . . Although at a Premium

WASHINGTON - Today, the United States Mint announced four new numismatic product options for Presidential $1 Coins. The four new options make the coins available to the public at affordable prices in varying quantities.

The new $1 coin products and current prices are as follows:

* Presidential $1 Four-Coin Set -- $9.95
* $1 Coin 100-Coin Bag -- $111.95
* $1 Coin 250-Coin Box -- $275.95
* $1 Coin 500-Coin Box -- $550.95

The Presidential $1 Four-Coin Set contains one each of the coins to be released in 2012. Each of the other products contains unmixed Presidential $1 Coins of . . .

Read more at:

Tuesday, March 20, 2012

Spain Claims Treasure Hunters Hiding Part of Loot

TAMPA, Fla. (AP) — A federal judge was considering Friday whether to force Florida deep-sea explorers to hand over to Spain the last of the treasure they recovered from a 200-year-old shipwreck.

Last month, Spanish military planes flew home with nearly 600,000 silver coins and other artifacts after prevailing in a five-year legal battle over ownership with Tampa-based Odyssey Marine Exploration.

Now, Spain wants the rest of it — specifically . . .

Read more at: Yahoo News

2012 American Buffalo Gold Proof Coins Now Available

U.S. Mint Images
WASHINGTON - The United States Mint will opened sales for the 2012 American Buffalo Gold Proof Coin on March 15 at noon Eastern Time (ET). There are no mintage or household order limits for this product.

The designs on the 24-karat one-ounce gold coin's obverse (heads side) and reverse (tails side) are based on James Earle Fraser's original 1913 Type I Buffalo nickel. The obverse features the profile of a Native American and the inscriptions . . .

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Spain Robs Peru of Treasure . . . Again

LIMA, Peru (AP) — We were robbed!

That's how many Peruvians feel, now that U.S. courts have given Spain the 17 tons of silver and gold coins that a private company salvaged from the wreck of a colonial-era Spanish sailing ship.

The treasure's origin is not in dispute. The metals were mined and the coins minted in . . .

Read more at: Yahoo News

Wednesday, March 14, 2012

Rare Smithsonian 1933 $20 Gold Double Eagle Tours Europe

Recently, Corps Security was called to ensure that the most expensive gold coin, ever to go under the hammer, was kept safe during its exhibition in the City of London.

The 1933 $20 Double Eagle is a legend within the coin collecting fraternity and is possibly the most valuable ounce of gold in the world, attracting the interest of kings, presidents, collectors and thieves. In 2002, one of the few remaining examples sold for . . .

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Tuesday, March 13, 2012

El Yunque National Forest in Puerto Rico featured on U.S. Mint America the Beautiful Quarter

Imagine going to the grocery store and getting a national forest quarter as your change and holding onto it as a collector’s item. That can happen now because of the recent release of the El Yunque National Forest coin.

 The coin features the endangered Puerto Rican parrot and the coqui tree frog amongst tropical vegetation.

In 2010, the U.S. Mint began issuing a series of quarters featuring national forests along with other sites highlighting’America the . . .

Read more at: U.S. Dept. of Agriculture

Tuesday, March 06, 2012

Sole Legal 1933 Double Eagle Goes to Ireland

Example of 1933 Double Eagle
A coin believed to be the most valuable in the world went on display amid tight security at the Irish Museum of Modern Art yesterday afternoon.

The 1933 $20 gold coin nicknamed the “double eagle” was designed in 1907 by Dublin-born sculptor Augustus Saint-Gaudens and is one of only 13 known to be in existence.

More than 445,000 were minted by the US in 1933 but none were officially circulated after the use of gold coins as legal tender was outlawed due to . . .

Read more at: The Irish Times