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Monaco Prepares Brasher Doubloon For It’s World’s Fair of Money Display

July 25, 2014 in ANA (American Numismatic Asociation), Antique Coins, Coin Shows, Coins, Collecting, Gold, Gold Coins, History, News, NGC, Numismatica, Numismatics, Press Releases, Rare Coins, USA Coins

For immediate release
July 25, 2014

News media contact:
Adam Crum, (949) 752-1933

Monaco Prepares Brasher Doubloon For It’s World’s Fair of Money Display

Insured for $10 million, Monaco Rare Coins will display the finest certified (NGC MS63) 1787 Brasher Doubloon at the ANA 2014 Chicago World's Fair of Money.  (Photo credit: NGC.)

Insured for $10 million, Monaco Rare Coins will display the finest certified (NGC MS63) 1787 Brasher Doubloon at the ANA 2014 Chicago World’s Fair of Money.
(Photo credit: NGC.)

(Newport Beach, California) — The finest certified 1787 Brasher Doubloon was shown to Southern California news media representatives as Monaco Rare Coins (www.MonacoRareCoins.com) of Newport Beach, California made final preparations for the legendary coin’s display at the upcoming 2014 Chicago ANA World’s Fair of Money (www.WorldsFairOfMoney.com).

Los Angeles and Orange County area television crews and reporters visited the Monaco offices on Thursday, July 25, to take pictures of the coin and interview Monaco President Michael Carabini and Vice President Adam Crum.  In addition to a story about the historic coin, the Orange County Register newspaper posted a photo slideshow and a video at http://www.ocregister.com/articles/coin-629767-rare-coins.html?pic=2.

“In preparation for the exhibit at the ANA convention, Numismatic Guaranty Corporation has updated the pedigree on the encapsulation insert label to read Virgil Brand – Monaco,” said Crum.

Described as one of the greatest numismatic rarities of the world, the coin is graded NGC MS63, and is the finest certified of the seven known 1787 Brasher Doubloons.  It now is insured for $10 million for the display at the 2014 World’s Fair of Money in the Chicago suburb of Rosemont, Illinois, August 5 – 9.

Monaco Rare Coins President Michael Carabini (standing to the left) watches as company Vice President Adam Crum shows the 1787 Brasher Doubloon to Los Angeles area news media. (Photo credit: Donn Pearlman)

Monaco Rare Coins President Michael Carabini (standing to the left) watches as company Vice President Adam Crum shows the 1787 Brasher Doubloon to Los Angeles area news media.
(Photo credit: Donn Pearlman)

It was created 227 years ago by New York City gold and silversmith Ephraim Brasher, and is the first gold coin struck for the young United States.  Monaco acquired the historic early American coin this past January at the Florida United Numismatists auction conducted by Heritage Auctions, and this upcoming exhibit will be only its second major public display the past quarter century.

A video prepared by Monaco Rare Coins and detailed information about the history of Brasher Doubloons is online at www.MonacoRareCoins.com/BrasherVideo.

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Royal Canadian Mint Launches 10 oz. 99.99% Pure Silver Bullion Bar

July 25, 2014 in Bullion, News, Precious Metals, Royal Canadian Mint, Silver

By Michael Zielinski

The Royal Canadian Mint has expanded their line of bullion products with a new 10 ounce 99.99% pure silver bullion bar.

“The Royal Canadian Mint is committed to offering precious metal investors the best combination of quality and value by delivering superior bullion products through innovation,” said Marc Brûlé, Interim President …read more

Source: News.CoinUpdate.com (Coin Update News)

Category: Precious Metals, Royal Canadian Mint, World Coins

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Are 1870-CC Eagles Undervalued in Comparison to their Double Eagle Counterparts?

July 25, 2014 in Antique Coins, Coins, Collecting, Gold, Gold Eagles, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins

By Doug Winter (Douglas Winter Numismatics)

Without a lot of fanfare, we have seen the dispersal of one of the most amazing collecting of Western branch mint gold coins in the history of numismatics. So far in 2014, the various sales of the Bently/Nob Hill Collection(s) of US Gold Coinage has seen no less than six …read more

Source: RareGoldCoins.com (Douglas Winter Numismatics)

Category: Market Blog, branch mint gold, Carson City double eagles, Carson City eagles, Carson City gold, Carson City gold coins, gold coins, U.S. gold

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U.S. Marshals Service 225th Anniversary Commemorative Coin Designs Unveiled

July 25, 2014 in Coins, Collecting, Commemorative, Gold, Gold Coins, History, News, Silver, Silver Coins, US Mint, USA Coins

By Michael Zielinski

At a ceremony held earlier this week, Attorney General Eric Holder, U.S. Marshals Service Director Stacia Hylton, and United States Mint Deputy Director Richard A. Peterson unveiled the designs for the upcoming United States Marshals Service 225th Anniversary Commemorative Coins.

In his remarks Deputy Director Peterson said, “”Every day, across the …read more

Source: News.CoinUpdate.com (Coin Update News)

Category: Featured Articles, United States Mint, US Coins

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Kennedy Half Dollar Clad Set First Day Sales Reach 68,974

July 25, 2014 in Coins, Coins for sale, Collecting, Commemorative, News, Numismatica, Numismatics, Uncirculated Coins, US Mint, USA Coins

Kennedy Half Dollar 50th Anniversary Commemorative Coin

Kennedy Half Dollar 50th Anniversary Commemorative Coin

By Mint News Blog

The United States Mint has just indicated that opening day sales for the 50th Anniversary Kennedy Half Dollar Uncirculated Coin Set reached 68,974 units. This amount has already exceeded the Mint’s initial production level by a wide margin and portends strong demand for the two forthcoming anniversary releases.

Each set contains …read more

Source: Mint News Blog (http://mintnewsblog.com)

Category: Kennedy Half Dollars

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Fake Silver Coins: 11 Ways to Spot Counterfeits

July 23, 2014 in Coin Validators, Coins, Collecting, Counterfeit, Education, Fake Coins, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Dollars, Silver Eagles

By: Dave Martinez. July 2014 (http://www.silvercoins.com)

It is unfortunate that articles like this have to be written, but where there is money trading hands, there will always be fakes, frauds, and counterfeits.

If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …

Below are 11 ways on how to spot fake silver eagles, bars, and bullion. We’ve ranked them from the least to the most effective methods in detecting counterfeits. (Most of these tests can also be applied to gold as well).

 1. Magnetic Test

While many fakes can easily pass this test, silver as well as gold bullion for that matter are both non-magnetic. If a bullion coin or bar sticks to a magnet you can easily throw this one out. Fakes that are produced with any iron or steel content in them will give off some magnetic attraction and identify itself as a fake. Metals that have a core of zinc, copper, lead or other non-magnetic metal will not be detected by this test.

Full Article at the source>

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Is it Time to Buy Indian Head Half Eagles?

July 22, 2014 in Coins, Collecting, Gold, Gold Coins, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Douglas Winter. July 21st, 2014 (http://raregoldcoins.com)

I am generally not a participant in the generic gold market as I tend to favor scarce and rare dates over more common ones. But I like Indian Head half eagles a lot and a recent experience made me ask the question: “is it time to buy Indian Head half eagles?”

I bought a nice, fresh deal of Indian Head half eagles about six weeks ago. All were in very old holders and I broke them out and sent them off to grading. My results were excellent and nearly every coin graded MS64 or MS65. As I got ready to cash in on my windfall, I did some price research and was shocked. Unless they stickered at CAC (more on this in a few moments) the levels I was going to have to sell them left me breathless…and not in a good way.

Full article at the source>

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National Baseball Hall of Fame Young Collectors Set Available July 28

July 21, 2014 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, News, Numismatica, Numismatics, Press Releases, US Mint, USA Coins, Young Collectors

US Mint Logo

US Mint Logo

WASHINGTON – The United States Mint will open sales July 28 at noon Eastern Daylight Time (EDT) for the 2014 National Baseball Hall of Fame Young Collectors Set (product code B37).

…read more

Source: United States Mint Press Releases/Public Statements

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New Book Offers Advice for Online Coin Auctions

July 18, 2014 in Auctions, Books, Coins, E-commerce, Ebay, Education, News, Numismatica, Numismatics

July 18, 2014. By Coin Update (http://news.coinupdate.com/)

Numismatic writer Michael Bugeja has assembled a new, updated work–Online Coin Auctioneering–intended for estate auctioneers considering or already selling on a portal such as AuctionZip, iCollector or Proxibid. The advice in this new work also pertains to eBay and coin dealer auctions.

Bugeja writes that all online coin auctions, from the largest to the littlest, have these things in common:

Full article at the source>

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50th Anniversary Gold Kennedy Half Dollars at Chicago ANA Convention

July 17, 2014 in ANA (American Numismatic Asociation), Coin Shows, Coins, Coins for sale, Collecting, Commemorative, Conventions, Events, Gold, Gold Coins, Half Dollars, Numismatica, Numismatics, Precious Metals, Proof Coins, US Mint, USA Coins

July 16, 2014. By Michael Zielinski (http://news.coinupdate.com/)

The United States Mint plans to offer 2,500 of the 50th Anniversary Kennedy Half Dollar Gold Proof Coins at the upcoming ANA Chicago World’s Fair of Money. Certain changes in procedure will be made to improve on how the Mint has offered special products at past conventions.

Details on the planned launch of the eagerly anticipated coin were shared by Marc Landry, the United States Mint’s Acting Associate Director of Sales & Marketing, during a teleconference held this morning.

Full article at the source>

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Silver Coin Pays Tribute to Musical Educator Miina Harma

July 17, 2014 in Coins, Coins for sale, Collecting, Commemorative, History, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, World Coins

July 16, 2014. By Michael Alexander. (http://news.coinupdate.com/)

The Bank of Estonia have issued a new collector’s coin to mark the 150th anniversary of birth of one of the country’s most influential composers, choir leaders, and musicians, Miina Harma (1864 – 1941). Harma is credited with great contributions to the Estonian song festival – one of the largest amateur choral events in the world which is held every five years in July on the Tallinn Song Festival Grounds.

Full article at the source>

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Saddle Ridge Hoard Coins being sold at Amazon.com

July 12, 2014 in Antique Coins, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, Numismatica, Numismatics, PCGS, Precious Metals, Rare Coins, Treasure, Treasure Hunting, USA Coins

Here is a link to the Saddle Hoard Coins being sold at Amazon.com

Saddle Ridge Hoard coins being sold at Amazon.com

Don’t know what the Saddle Ridge Hoard is? read, our related articles below;

Related Articles:

PCGS Certifies “Saddle Ridge Hoard” of Buried Treasure Gold Coins

The Crazy True History of the Saddle Ridge Gold Coins

Amazon Launches Collectible Coins Store

 San Francisco’s Old Mint To Hold Rare Coin Exhibit & Auction For New Museum

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PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

July 11, 2014 in ANA (American Numismatic Asociation), Antique Coins, Auctions, Clubs and Associations, Coins, Coins for sale, Collecting, Conventions, Events, Grading, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS, Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, US Mint, USA Coins

Updated:

For immediate release
July 11, 2014

News media contact:
Steve Sloan, (949) 567-1223

PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

Five rare 1921 and 1922 proof and circulation strike Peace dollars that reflect historic transition changes in the original high-relief design of the series have been authenticated and graded by Professional Coin Grading Service (www.PCGS.com). The coins exhibit different finishes and relief, including a previously unreported 1921 High Relief sandblasted and antiqued finish presentation specimen.

For over 90 years the coins were under the numismatic market radar, owned by and later in the estate of Raymond T. Baker (1877 – 1935) who was United States Mint Director at the time the five Peace dollars were struck.

“This is a fantastic group of 1921 and 1922 transitional coins, and is one of the most significant group of 20th century coins we’ve seen in a long time,” said PCGS Co-Founder David Hall.

The coins were submitted for certification by PCGS Authorized Dealer Ronald J. Gillio on behalf of Stack’s Bowers Galleries (www.Stacks.com).  Stack’s will offer them in their upcoming public auction in conjunction with the American Numismatic Association’s World’s Fair of Money in Rosemont, Illinois.

“There are three ‘discovery’ pieces among these five important coins, and PCGS has created three new classification numbers to formally recognize and catalog them.  Each of the five transitional Peace dollars now have the “Baker Estate’ pedigree indicated on the insert label in their PCGS holders,” explained PCGS President Don Willis.

“With submission of these historic Baker Estate coins, PCGS now as identified and certified over the years a total of 19 different proof 1922 Peace dollars,” said Willis.

Baker served as Mint Director from March 1917 to March 1922.

“During his tenure, Baker oversaw the introduction of the new Peace dollar in 1921 and the subsequent design modifications in early 1922.  Because of his position, he was able to acquire several important numismatic rarities that have remained off the market since the time of their production,” explained Ron Guth, President of PCGS CoinFacts (www.PCGSCoinFacts.com), the Internet’s most comprehensive resource for information about U.S. coins.

The five recently certified coins and their grades and varieties are:

  • 1921 $1 PCGS SP64.  A discovery coin that has a normal High Relief design, but with a sandblasted and antiqued finish.
  • 1922 $1 PCGS PR67.  Modified High Relief (Judd-2020).  Satin (or “Bright”) finish.  A total of 3,200 production trial examples were struck, but only a few were not subsequently destroyed.  This surviving example is believed to be one of the first made and produced on a Mint press used to strike medals to bring up the Peace dollar design details.
  • 1922 $1 PCGS MS65.  Modified High Relief (J-2020, same die pair as the preceding coin).  It has the number “3200″ inked in the left obverse field indicating it was the last coin struck from the production run of 3,200 before the obverse die failed.  It was struck on a normal production press.
  • 1922 $1 PCGS MS67.  Low Relief (Early hub dies, as adopted, but with the B1 reverse).  It was pulled from production when the press indicator reached 140,000 coins struck.
  • 1922 $1 PCGS MS67.  A second Low Relief, early hub dies example, pulled from production at the same time as the preceding coin.
A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

“This remarkable assemblage traces the transition from the High Relief design of 1921 to the Low Relief design of 1922, and all of the intermediate steps,” said Guth.

“The higher striking pressures required to bring up the full details of the 1921 Peace Dollar caused the dies to fail prematurely.  In an attempt to solve this problem, Mint employees lowered the relief of the design, but only slightly.  These coins are known as the Modified (or Medium) Relief design, but they failed for the same reason as the 1921s.  Ultimately, the design details were reduced drastically, as seen on all of the circulation strike Peace Dollars from 1922 to 1935,” Guth explained.

One of the coins in the group can be tied directly to a January 8, 1922 letter from Mint Superintendent Freas Styer when he sent three 1922-dated experimental coins to Mint Director Baker.  Superintendent Styer wrote: “…the coin marked ’3200′ was the thirty-second hundredth piece struck – the last before the die sunk.”

Guth stated:  “The historic importance of that coin is immeasurable. This is one of the rare instances when a particular coin can be tied positively to contemporary correspondence.”

Circumstantial evidence supports a claim that the 1922 “Bright” finish Modified High Relief was also included with that letter.  The “Sandblast” finish coin cited in the letter remains unidentified.

Earlier this year, PCGS certified the finest 1922 Matte Finish High Relief Peace dollar, graded PCGS PR67, that also originated from Mint Director Baker’s estate.  It will be one of the featured exhibits in the official Museum Showcase display at the ANA 2014 Chicago World’s Fair of Money, August 5 – 9, courtesy of collector Bob R. Simpson of Texas and Legend Numismatics of New Jersey (www.legendcoin.com).

Since its founding in 1986, Professional Coin Grading Service experts have authenticated and graded over 27 million coins with an estimated market value of $27 billion.  For additional information about PCGS services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

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The Gold and Silver Mine – Dividing a collection among heirs can be tricky

July 11, 2014 in Collecting, Education, Inheritance, Legal, Opinion, Uncategorized

By Douglas Keefe. July 10, 2014 (http://www.shorenewstoday.com)

I was listening to an infomercial on the radio the other day given by an estate and tax attorney who was asked the question, “Who gets Aunt Betty’s jewelry when she dies?” The answer he gave was, “Whoever is the first relative through the front door.”

While the answer is somewhat humorous, there is a sad amount of truth to it, especially if there is no inventory detailing its existence. If there is no documentation as to the existence of any valuable, be it jewelry, coins, currency, etc in the home of the deceased, things have a habit of disappearing faster than an ice cream cone on a hot summer day. I recently did a coin and currency appraisal just for the purpose of documenting its existence because the owner wanted to make sure they ended up in the estate, not in the hands of a relative who shouldn’t have them.

Full article at the source>

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