The numismatic world lost one of its great pioneers when Chester Lee “Chet” Krause passed away on June 25, 2016 from congestive heart failure. Chet was 92. There are many tributes to Chet that will discuss his life and accomplishments you can read here, here, here, and this tribute by the current editor of Numismatic […] Full article at the source>
Chester L. “Chet” Krause, founder of Numismatic News and Krause Publications, died on Saturday from congestive heart failure at the age of 92. A significant force in the world of numismatics who received the American Numismatic Association’s highest honors, he was also a World War II veteran and noted car collector.
Born in Waupaca County, Wisconsin on December 16, 1923, he eventually moved to nearby Iola, where he would pursue his life’s work. He launched Numismatic News in 1952 as a means of communicating with other collectors.
While there is enough going on with U.S. politics to make one’s head spin, on Thursday, June 23 the United Kingdom will hold a nationwide vote on whether the U.K. should leave the European Union. The last time the U.K. held a referendum on joining the E.U. was in 1975, which predates the modern European […] Full article at the source>
June 21, 2016 in ANA (American Numismatic Association), Coin Shows, Coins, Collecting, Education, Events, Exunumia, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, USA Coins, World Coins
The following press release was shared by the American Numismatic Association:
In recognizing outstanding contributions to numismatics, The American Numismatic Association will induct Historic Era nominees Byron F. Johnson, Jr. and Ralph A. Mitchell into the Numismatic Hall of Fame at the 2016 Summer Seminar banquet on Wednesday, June 22, in Colorado Springs, Colo.
Byron F. Johnson, Jr.
Byron F. Johnson, Jr. was a collector’s collector. A pharmacist by trade and a numismatist at heart, Johnson specialized in exonumia and world minor coinage.
Johnson took a special interest in numismatic exhibiting, and established the use of exhibit classes. He wrote the chapters on… Full article at the source>
(Atlanta, Georgia) — Whitman Publishing is releasing a new volume in the popular Bowers Series of numismatic references. The 320-page Guide Book of Modern United States Dollar Coins will be available July 26, 2016, and will officially debut with a book-signing by author Q. David Bowers at the World’s Fair of Money, August 10, 2016, in Anaheim, California. It will retail for $19.95.
Modern U.S. dollar coins—those dating from the 1970s to today—are popular with collectors,… Full article at the source>
June 19, 2016 in Blogs, Certified Acceptance Corporation (CAC), Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins
By: Laura Sperber Legend Numismatics Hot Topics
For years now coin doctoring and gradeflation have been two if the biggest problems with the hobby. Coin doctoring actually has lessened to a small dgree, while gradeflation has not. Its one thing that’s standards have changed, but its another when EVERYONE keeps pushing the standards.
I have seen a very upsetting trend of late. I work very hard to help collectors build their dream sets. I buy them ONLY PCGS CAC coins that are all there and then some. In many cases, that is what the customers demand anyway. The disturbing thing I am experiencing has to do with the… Full article at the source>
Source: Legend Numismatics Hot Topics
June 18, 2016 in Blogs, Coin Errors, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Design, Education, Errors, Fun, History, Numismatica, Numismatics, Opinion, Quarters, US Mint, USA Coins
What would you consider the difference between artistic license and just getting it wrong? This may be a question we could put to the Citizens Coinage Advisory Committee and the U.S. Commission of Fine Arts who did not pick up on a mistake in the design of one of the America the Beautiful Quarters. The […] Full article at the source>
By: Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)
I always like to share some of the interesting “secret” coins that I buy at shows and I recently realized that it’s been a long time since I’ve written a “Cool Coins” Blog. At the recent Summer 2016 Long Beach show, I purchased a number of special coins which never made it on to my website.
One of my favorite purchases was a stunning 1851-O $20 from an old-time, fresh collection which was sold by Goldberg in their pre-show auction. There were three great Type One double eagles in the sale: a borderline Gem 1850, this 1851-O, and an 1857 in… Full article at the source>
Source: RareGoldCoins.com (Douglas Winter Numismatics)
Paper money today is changing—and it’s changing fast. Close to home, recent developments have included the announcement of redesigns for the U.S. Federal Reserve Notes of the $5, $10, and $20 denominations to include women on our money for the first time in more than 100 years. Further abroad, some countries are attempting to do away with cash entirely, such as Sweden and parts of Europe that are accepting 100% digitalization and mobile banking.
Now the Bank of England is adding to the paper-free advancements by announcing Full article at the source>
The U.S. Mint’s circulating coin production jumped in May, with 1.55 billion coins produced to follow up on last month’s 1.34 billion-coin total.
Overall production increased by 15.7% compared to last month, as well as by over 6% in relation to May of 2015. This year’s circulating coin total now stands at more than 6.7 billion coins, 8% less than had been struck by May of 2015.
The chart below details production numbers for the coins, broken down by denomination and mint facility. The first numerical column lists figures for the month of May, while the “2016 Total”… Full article at the source>
June 14, 2016 in Bank Notes, Bureau of Engraving and Printing, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, History, New Releases, News, Numismatica, Numismatics, Paper Money, Press Releases, US Mint, USA Coins
WASHINGTON – The United States Mint will begin accepting orders for 2016 Native American $1 Coin and Currency Set (product code 16RA) on June 16 at noon Eastern Time (ET).
Updated: June 12, 2016
Positive Protection Guard Tackles
Suspected Coin Thief In Long Beach
(Long Beach, California) — A suspected thief was tackled by a Positive Protection, Inc. (www.ppius.com) security guard as he tried to escape at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo (www.LongBeachExpo.com) on Friday, June 10, 2016. An alleged accomplice with a backpack containing more than $300,000 of rare coins was also taken into custody.
Both suspects were turned over to Long Beach police on suspicion of burglary, robbery and possession of stolen property. Two other suspects were arrested the next day and more stolen coins were recovered.
“They reportedly were trying to sell coins at the Long Beach Expo in the Long Beach Convention Center. One dealer they approached, Karl Stephens, thought the coins they were offering had been stolen earlier in a robbery in the San Bernardino, California area,” said Patrick Coward, a guard for Positive Protection of Temecula, California, a company that provides security services for coin and jewelry dealers.
When the suspects tried to leave, the dealer shouted out to stop them. I was nearby and when one suspect started to run I chased him and tackled him at the door. Additional security personnel from the show helped subdue him. The second suspect was stopped without a problem at the door as he tried leave. His backpack was filled with more than 100 ancient coins and other gold and silver coins worth more than $300,000,” explained Coward, a former New York City homicide detective.
The brief chase and the tackle were captured on surveillance video at the booth of Stack’s Bowers Galleries (www.stacksbowers.com) of Santa Ana, California and New York City.
This surveillance video shows Positive Protection, Inc. security guard and former New York City Police homicide detective Patrick Coward on the left as he immediately chased and tackled a suspected coin thief when the suspect tried to flee from a coin show in Long Beach, California on Friday, June 10, 2016. His alleged accomplice is then stopped at the door while carrying a backpack with a reported $300,000 in rare coins believed stolen in an earlier theft in the San Bernardino, California area. VIDEO CREDIT: courtesy of Stack’s Bowers Galleries.
“With the help of a knowledgeable dealer and the fast action of trained security professionals, two suspected thieves were caught and valuable, stolen rare coins have been recovered,” said Robert Brueggeman, President of Positive Protection which provides on-site security for all the Whitman Expo and American Numismatic Association convention shows. “We always want a safe, enjoyable environment for dealers and the public at these collectible shows, but we also must always be on alert.”
A day after the capture of the two suspects at the coin show, Long Beach Police arrested two more suspects who reportedly came to retrieve the car of the first two suspects. Investigators recovered from the car what is believed to be the remainder of the stolen rare coins.
HARPERS FERRY, WV – The United States Mint (Mint) joined the National Park Service (NPS) today to officially launch the America the Beautiful Quarters® Program coin honoring Harpers Ferry National Historical Park.
By: Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)
Many collectors of 19th century rare date gold (finally) appreciate coins with natural color and choice surfaces. I’m not sure that there is an actual consensus amongst these collectors about what “natural” color actually is but I, for one, am glad to see dirty gold more appreciated than its bright, shiny counterparts.
As collectors become more insistent on originality, they are quickly discovering that many 19th century issues are extremely hard to locate with a nice, natural appearance. Why is this?
I believe that the answer(s) to this question is actually more complex than generally assumed, and it encompasses a century old… Full article at the source>
Source: RareGoldCoins.com (Douglas Winter Numismatics)
Two bills have been introduced proposing the redesignation of the Saint-Gaudens National Historic Site in Cornish, New Hampshire to the “Saint-Gaudens National Park for the Arts.” The companion bills were submitted simultaneously on May 12 by Sen. Jeanne Shaheen (D-NH) and Rep. Frank Guinta (R-NH1).
Augustus Saint-Gaudens was born in Ireland, raised in New York City, and went on to become one of America’s greatest sculptors. He created some of the nation’s best-known public statues, including Standing… Full article at the source>
June 6, 2016 in American Numismatic Society, ANA (American Numismatic Association), Blogs, Certified Acceptance Corporation (CAC), Coin Dealers, Coin Grading, Coins, Collecting, Counterfeit, Currency, Education, Fake Coins, Gold, Gold Coins, Grading, History, Investing, Legal, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Paper Money, PCGS (Professional Coin Grading Service), PNG Professional Numismatists Guild, Reference, Silver, Silver Coins, USA Coins, World Coins
This is final part of a 6 part series Detecting Counterfeits Introduction Visual Inspection Measurements Specific Gravity Currency Final Word ← you are here If you are uncomfortable trying to detect whether a coin is counterfeit or not, you might first consider buying from a reputable dealer who has return and/or buy back policies. If […] Full article at the source>
This is part 5 of a 6 part series Detecting Counterfeits Introduction Visual Inspection Measurements Specific Gravity Currency ← you are here Final Word As opposed to the effort to detect counterfeit coins, new security features added to the currency paper makes it easier to detect counterfeits. First, examine the currency and compare the note […] Full article at the source>
This is part 4 of a 6 part series Detecting Counterfeits Introduction Visual Inspection Measurements Specific Gravity ← you are here Currency Final Word Specific gravity is a way to determine the density of an object—or in this case, a coin. The denser an object is, the heavier it feels. In plain language, the density […] Full article at the source>