Friday, July 27, 2012

U.S. Mint to Open Sales of 2012 American Eagle
One Ounce Silver Coin

WASHINGTON - The United States Mint will begin accepting orders for the 2012 American Eagle One Ounce Silver Uncirculated Coin on August 2, 2012, at noon Eastern Time (ET).

The current price of the coin is $45.95; however, as with all products sold by the United States Mint containing precious metals, pricing is subject to change.

The American Eagle One Ounce Silver Uncirculated Coin is . . .

Read more at usmint.gov

How to Identify Counterfeit Rare Coins

Free Coin Price Guides
According to CBS News, inexperienced rare coin collectors who mistake counterfeit coins for the real deal stand to loose a pretty penny.

A recent report notes that over one million counterfeit coins have been made overseas and sold to unsuspecting collectors throughout the U.S. – some as . . .

Read more at La Jolla Light

Thursday, July 26, 2012

Royal Canadian Mint Supports Olympic Athletes with Lucky Loonie Dollar Coin

Calgary, Alberta – July 19, 2012 - The Royal Canadian Mint is proud to issue Canada’s latest commemorative circulation coin, the 2012 Lucky Loonie.

The coin, which was unveiled at Canada’s Sports Hall of Fame, will serve as a good luck charm for Canadian athletes competing in London at the 2012 Olympic and Paralympic Games.

“Our Government will soon join Canadians from coast to coast to coast as they cheer on our athletes competing in the London 2012 Olympic and Paralympic . . .

Read more at Royal Canadian Mint

Wednesday, July 25, 2012

Déjà vu for Odyssey Marine Exploration as India Mulls Demanding Return of Silver

India could follow Spain's example by demanding Odyssey return $38 million dollars worth of silver bullion recently recovered from the SS Gairsoppa shipwreck.


NEW DELHI: After 71 years, about 43 tonnes of silver bullion hauled up from the wreckage of British merchant vessel, S S Gairsoppa, on the bed of North Atlantic has created a flutter in India, thanks to its Kolkata connection.

The ship set sail from Kolkata, then Calcutta, in December, 1940, with a cargo of tea, iron and silver. CPI general secretary S Sudhakar Reddy has urged Prime Minister Manmohan Singh to demand the return of the retrieved silver to India, its "rightful owner".

In a letter to the . . .

Read more at The Times of India

Ancient Gold Coins Discovered Under Floor of Crusader Castle

Israeli archeologists this week discovered one of the largest gold stockpiles ever found while digging in an ancient castle that hosted some of the major battles of the Crusades.

The cache — discovered in a broken pottery vessel hidden under a floor tile — contained 108 gold coins which archeologists have estimated to be worth over . . .

Read more at Time Magazine

Tuesday, July 24, 2012

SpongeBob Involved in FBI Coin Seizure

CHICAGO (Reuters) - Silver SpongeBob SquarePants coins minted by a private company in New Zealand were among the assets seized by FBI agents from Peregrine Financial Group after its chief confessed to nearly 20 years of fraud last week.

Ira Bodenstein, the trustee in Peregrine's bankruptcy case in Chicago, said the coins were in a vault at the firm's . . .

Read more at Yahoo News

48 Tons of Silver Bullion Recovered from Shipwreck

TAMPA - Odyssey Marine Exploration announced on Wednesday that it has recovered 48 tons of silver bullion from the British cargo ship SS Gairsoppa.

Odyssey has a contract with the British government and will keep 80 percent of the cargo recovered.

So far, 1,203 silver bars, worth millions of dollars, have been taken to . . .

Ream more at ABC News

Thumbs Up for the Zurich Money Museum's New Coin App

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If the Euro falls, what should the coins of Greece, Spain, Italy and the rest of the member states look like?

The Money Museum’s Coins app, with its high-definition photos of ancient and modern currencies, offers a lot of ideas.

I’m particularly fond of this impractical dolphin coin, which dates to . . .

Read more at The Chimerist

Saturday, July 14, 2012

Coin Commemorates Coast Guard Anniversary

Royal Canadian Mint Image
SARNIA, ONTARIO, July 13, 2012 – The Canadian Coast Guard is celebrating 50 years of exceptional service in 2012, and the Royal Canadian Mint is delighted to mark this anniversary by issuing a 99.99 per cent fine silver coin featuring the flagship icebreaker CCGS Louis S. St-Laurent hard at work in the frozen waters of the Canadian Arctic.

 "As we celebrate this special anniversary, I would like to join Canadians in honouring all former and current members of the Canadian Coast Guard for . . .


Read more at the Royal Canadian Mint

Wednesday, July 11, 2012

Engineering Technology Revealing Secrets of Ancient Coins

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ScienceDaily (July 10, 2012) — Archaeologists and engineers from the University of Southampton are collaborating with the British Museum to examine buried Roman coins using the latest X-ray imaging technology.

Originally designed for the analysis of substantial engineering parts, such as jet turbine blades, the powerful scanning equipment . . .

Read more at Science Daily

Hoard of Gold Coins Unearthed at Crusades Site

HERZLIYA, Israel (Reuters) - A 1,000-year-old hoard of gold coins has been unearthed at a famous Crusader battleground where Christian and Muslim forces once fought for control of the Holy Land, Israeli archaeologists said on Wednesday.

The treasure was dug up from the ruins of a castle in . . .

Read more at Yahoo News

Tuesday, July 10, 2012

100+ Year-Old Baseball Cards Worth Millions Found in Attic

Honus Wagner ca.1911
It's not numismatics, but it's a great story!

DEFIANCE, Ohio (AP) — Karl Kissner picked up a soot-covered cardboard box that had been under a wooden dollhouse in his grandfather's attic. Taking a look inside, he saw hundreds of baseball cards bundled with twine. 

They were smaller than the ones he was used to seeing. But some of the names were familiar: Hall of Famers Ty Cobb, Cy Young and . . .

Read more at Yahoo News

Monday, July 09, 2012

Guilty Plea in Ancient Coins Case Puts Numismatic World on Edge

NEW YORK -- A prominent coin collector thought he had some valuable, ancient pieces with a problem: They shouldn't have been taken out of Italy.

The coins turned out to be fakes, but they led to very real trouble for the collector, noted Rhode Island hand surgeon Dr. Arnold-Peter Weiss.

He pleaded guilty Tuesday to . . .

Read more at The Huffington Post

Friday, July 06, 2012

Couple Unearth Buried Treasure Proving Local Legend is True

"A crane was needed to lift the hoard, which weighed close to a ton."

Sometimes patience pays off … big time.

For thirty years, amateur archaeologists Reg Mead and Richard Miles have been chasing a rumor of buried treasure on the British island of Jersey. They were just two local eccentrics with an odd hobby, until this week when they hit pay dirt, literally.

"To say it's changed our lives would be an . . .

Read more at Yahoo News

Wednesday, July 04, 2012

Montford Point Marines Awarded Congressional Gold Medal

WASHINGTON - The Congressional Gold Medal was presented collectively to the Montford Point Marines at a ceremony held in the U.S. Capitol Rotunda.

The gold medal, authorized by Public Law 112-59 and struck by the United States Mint, was awarded to the Montford Point Marines in recognition of their personal sacrifice and service to their country during World War II.

The Montford Point Marines were the first black Americans to enlist in the U.S. Marine Corps after President Franklin Roosevelt issued an Executive Order establishing the Fair Employment Practices Commission in June 1941. 

The recruits trained at Camp Montford Point near Jacksonville, North Carolina. On February 19, 1945, black Marines of the 8th Ammunition Company and the 36th Depot Company landed on the island of Iwo Jima.

The largest number of black Marines to serve in combat during World War II took part in the seizure of Okinawa, with . . .

Read more at usmint.gov