In the last decade, we have seen a number of Next Big Things in the rare date gold market. We’ve seen New Orleans double eagles and Carson City double eagles. We’ve seen Civil War issues, and we’ve seen No Motto San Francisco eagles. In most cases, we’ve seen big demand spikes and subsequent price increases in these areas. What could be the Next Big Thing and why? Here are five suggestions with explanations… Full article at the source>
August 3, 2015 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, History, News, Numismatica, Numismatics, Offers, Perth Mint, Proof Coins, Silver, Silver Coins, World Coins
“Live long and prosper”. It’s probably the most frequently quoted phrase attributed to Spock, the human-Vulcan who caught the imagination of pioneer Trek fans on 8 September 1966 in The Man Trap, the first episode of Star Trek: The Original Series. Forty-seven years later, Spock made his final appearance in the 2013 Star Trek movie, Into the Darkness, time finally catching up on 83 year-old actor Leonard Nimoy who died on 27 February 2015.
Visually unforgettable with his pointy-ears and severe fringe, Spock was imperturbable, logical and often looked up to as the wisest member of the USS Enterprise‘s crew… Full article at the source>
Source: Perth Mint Blog
July 31, 2015 in ANA (American Numismatic Association), Auctions, Coin Shows, Coins, Collecting, Conventions, Events, Fun, Gold, Gold Coins, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Paper Money, Seminars, USA Coins, World Coins
From August 11 to August 15 the American Numismatic Association will organize the World’s Fair of Money in Rosemont, Illinois, just outside of Chicago. Considered the largest show of the year, the whole week is a gigantic happening of numismatics, attended by people from around the world. Several auctions are also organized, with United States and world coins on offer, as well as paper money. In this preview, we will cover Platinum Night held by Heritage Auctions on the evening of August 12th. On offer will be a wide variety of high quality and seldom seen United States coins, Full article at the source>
WASHINGTON – The United States Mint (Mint) today announced the five new reverse (tails side) designs that will appear on the 2016 coins in the America the Beautiful Quarters® Program…
Of the various denominations of silver coins, half dimes are among the smallest series in terms of different dates; they are also the most varied. Over the years, several numismatists have fallen in love with these coins, beginning with Harold P. Newlin, who in 1883 wrote a monograph on the series, complete with a good deal of sentiment—especially toward the rare 1802, obviously his pet silver coin of all time.
The first coinage of this denomination was the 1792 half disme, a “story coin” if there ever was one (this was another Newlin favorite in his 1883 text), followed by the Full article at the source>
The National Bank of Hungary has issued its latest coin in the popular and informative “Hungarian Inventors and Their Inventions” series, which focuses on some of the country’s best known inventors. The 2015-dated coin highlights Kornél Szilvay, an important figure in the history of Hungarian firefighting and technology, on the 125th anniversary of his birth.
Born in Budapest, his keen interest in technology was influenced by his father and by Hungary’s burgeoning mechanical engineering industry in the mid to late 1800’s. After finishing school, he was awarded a degree as a technician from the engineering faculty of the Budapest Industrial College… Full article at the source>
On September 29, Whitman Publishing will release the sixth edition of the Cherrypickers’ Guide to Rare Die Varieties of United States Coins in honor of the series’ 25th anniversary. Series creators Bill Fivaz and J.T. Stanton have partnered with die-variety specialist Mike Ellis to produce an updated version of the award-winning reference, which aims to help collectors spot rare and valuable coins that may appear mundane prior to close examination.
Boasting 1,110 close-up photos and 150 new coin varieties, the anniversary edition will cover “half cents, large cents, small cents, two-cent and three-cent pieces, and nickels,” according to a… Full article at the source>
If you collect New Orleans mint gold coinage, it’s likely that you refer to my book “Gold Coins of the New Orleans Mint, 1839-1909.” It’s hard to believe this but my second edition is now almost a decade old, having been published in 2006. While a lot of the information in the book is still useful, a lot is outdated.
I’ve decided to work on an all-new third edition and hope to have it ready by the summer of 2016. Unlike my last book which I released strictly online, I am thinking that the newest edition of the New Orleans… Full article at the source>
PCA Collectibles, a New York company associated with the former PCI Coin Grading company, was found liable for nearly $1.9 million in damages based on the impression that coins sold to the plaintiffs were graded independently according to industry standards but actually were fake (one coin), damaged or worth only a fraction of Red Book prices.
The Red Book, or The Official Red Book: A Guide Book Of United States Coins, was sent by one of the defendants, Anthony J. Delluniversita, to the late Corpus Christi stockbroker Bonnie Pereida, who used it to evaluate the prices she paid against the value… Full article at the source>
July 22, 2015 in Antique Coins, Coins, Collecting, Counterfeit, Fake Coins, Grading, Investing, Legal, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), PNG Professional Numismatists Guild, Press Releases, US Government
For immediate release
July 22, 2015
News media contacts:
Paul Montgomery, (405) 254-6877
Lyn Stevens, (800) 896-3452
Judge Awards Coin Fraud Victim’s Estate
Nearly $1.9 Million Under Federal Racketeer Laws
(Corpus Christi, Texas) – A Federal Court Judge in Texas has issued her final ruling that a coin fraud victim’s estate should receive nearly $1.9 million from a Long Island coin dealer and his grading company under the Racketeer Influenced and Corrupt Organization Act (RICO). The estate was assisted in its three-year recovery efforts by former Professional Numismatists Guild President Paul Montgomery, President of Paul Montgomery and Associates in Oklahoma City, Oklahoma (www.paulmontgomeryonline.com).
Judge Nelva Gonzales Ramos of the United States District Court of Southern Texas, Corpus Christi Division, issued her final judgment on July 21, 2015.
Last November, Judge Ramos held a bench trial in the case. On May 20, 2015 she issued a 30-page Findings of Fact and Conclusions of Law in which she ruled that PCA Collectibles, Inc. of North Lindenhurst, New York, and PCI Coin Grading company misled Corpus Christi stockbroker Bonnie Pereida “into buying coins that were counterfeit, damaged or worth only a fraction of what they were represented to be.”
Judge Ramos also stated in May: “The Court concludes that there is clear and convincing evidence of the fraud perpetuated by PCI and PCA against Pereida.”
In her final judgment, the judge now has ordered that the estate can recover $1,892,324 from Anthony Delluniversita, majority owner of PCA and the owner of PCI coin grading company at the time the coins were graded and sold to Pereida. Of that total, $1,610,802 is for damages, $280,190 for attorney’s fees and another $1,332 for costs of the lawsuit.
Montgomery stated: “I’ve been involved in hundreds of these kinds of cases, and this is the first one that resulted in a federal court victory. Usually, the sellers resolve the buyers’ complaints to avoid a trial in court by eventually making a refund of all or at least a portion of what the customers paid. It takes time, but there are remedies against nefarious dealers, and I’m delighted for Dr. Malvino about the judge’s decision in this case.”
According to court documents, from January through May of 2011, Pereida made 31 separate purchases of rare coins from PCA. She bought 135 coins and paid a total of $727,569 to PCA for them. The coins were graded by PCI, and the sole owner of PCI at the time was defendant Delluniversita who also was the dominant shareholder of PCA Collectibles.
Pereida’s fiancé Albert P. Malvino, Ph.D., testified, “We bought these (coins) for our retirement…and we thought…we’re getting a good deal…..”
When Pereida died in October 2011, Dr. Malvino was appointed executor of her estate and had the coins appraised.
Heritage Auctions through its Heritage Appraisal Services estimated the auction value at $190,865 at the time the coins were examined, less than 27 percent of the amount paid by Pereida. Montgomery then was retained by Dr. Malvino to assess the grade and value of the coins, and he concluded the reasonable retail value of the coins at the time they were purchased by Pereida was $150,964, about 20 percent of what Pereida paid.
Montgomery also requested Professional Coin Grading Service to do an independent appraisal of the grades, and, according to the Judge’s ruling, “PCGS’s findings were consistent with those of Montgomery.”
Heritage, Montgomery and PCGS identified one coin as a counterfeit, a 1914-D Indian $2.50 graded by PCI as MS64.
They also identified 25 other coins that could not be graded because they were either cleaned or damaged. These included a 1907 Saint-Gaudens Roman Numerals High Relief Double Eagle graded by PCI as MS65 and sold for $19,500. Heritage estimated the auction value at $6,000, Montgomery valued the coin at retail as $4,500 and both Heritage and Montgomery agreed with PCGS that the coin had been cleaned.
An 1892-CC Liberty Double Eagle, sold by PCA to Pereida for $12,500 and graded by PCI as MS62, was valued by Heritage at $2,600 and only AU, valued by Montgomery at $700 because it was damaged and given also given no grade by PCGS because of an noticeable scratch on the coin.
During the trial in November 2014, Montgomery showed the judge coins graded by PCI as Mint State, that were in his opinion, only About Uncirculated.
“She quickly understood the concept of grades and its relationship to coin values. I told her: ‘Your Honor, now you’re a coin grader,’” recalled Montgomery.
“When you’re buying or selling coins, there’s an important lesson for the public to remember. If you don’t know rare coins, you’d better know your rare coin dealer. Members of the Professional Numismatists Guild must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise. The dealer who sold coins to Ms. Pereida was not a PNG member,” said Montgomery who served as PNG President from 2009 – 2011.
The case is Albert Malvino v. PCA Collectibles, Inc., Civil Action No. 2:12-CV-401, in the U.S. District Court of Southern District of Texas Corpus Christi Division.
What is going on at the U.S. Mint? For an organization whose actions are micromanaged by law seems to be finding a way to get around those rules to make some real questionable decisions. First, the U.S. Mint begins production of uncirculated San Francisco struck America the Beautiful Quarters in 2012 leaving the coins of… […] Full article at the source>
July 20, 2015 in Antique Coins, Auctions, Coins, Coins for sale, Collecting, Dollar Coins, E-commerce, Ebay, Education, Ethics, Investing, News, Numismatica, Numismatics, Photography, Rare Coins, Silver, Silver Coins, USA Coins
In “Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia,” Q. David Bowers writes that the 1897-O Morgan dollar is rare at the MS63 grade, with only 400 to 800 surviving examples. In MS-64, he writes, only 80 to 150 exist and in MS-65, about 50 to 100. I decided to take a chance in a Proxibid online auction where I had been buying most of my raw coins, paying $276 for the above one with buyer’s premium.
In MS62, the 1897-O retails at $2,600 with about double that amount for an MS63. At MS64,… Full article at the source>
July 19, 2015 in Anthropology, Antique Coins, Archaeology, Austrian Coins, Belgian coins, Coins, France Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Treasure, Treasure Hunting, World Coins
Last October, Florian Bautsch was walking with his metal detector when he stumbled upon an unusual gold piece in Lüneburg, Germany, south of Hamburg. Piqued, he kept searching, eventually discovering nine more of the coins—enough to spur him to notify local archaeologists that he might be on to something big.
After a two-week excavation, the archaeologists did find something big: a trove of 207 gold coins buried one meter deep at the foot of a tree. Bearing stamps from Belgium, France, Italy, and the Austro-Hungarian Empire, the coins had been buried in separate pouches that had deteriorated except for their seals, Full article at the source>
The American Numismatic Association’s Numismatic Hall of Fame will gain two new members at the World’s Fair of Money awards banquet on August 14 in Rosemont, Illinois. James Edward Charlton and David E. Schenkman will be inducted in recognition of their prolific careers as writers and numismatists, joining the elite group of eighty-six inductees previously admitted to the Hall since its creation in 1964.
James Charlton, who died in 2013 at the age of 102, was a life member of the ANA and the Royal Canadian Numismatic Association. His research, writing, and publishing contributions are considered to be of… Full article at the source>
Publicist Honored for long Career Promoting the Hobby
Donn Pearlman, who for more than 50 years has worked to promote the American Numismatic Association and the hobby as a journalist, publicist and collector, is the 2015 recipient of the ANA’s highest honor, the Farran Zerbe Memorial Award for Distinguished Service. Pearlman will receive the award on Friday, August 14, during the ANA Awards Banquet and Silent Auction at the ANA World’s Fair of Money in Rosemont, Illinois…
July 16, 2015 in Antique Coins, Coins, Collecting, Education, Fun, Gold, Gold Coins, History, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Photography, Press Releases, Rare Coins, Silver, Silver Coins, US Mint, USA Coins
For immediate release
July 16, 2015
News media contact:
Steve Sloan, (949) 567-1223
Popular PCGS “Periodic Table” Posters
Now Are Also Available On Amazon.com
If you can’t attend one of the upcoming major shows in Baltimore, Chicago, or Long Beach, you still have an opportunity to obtain one of the popular, new “PCGS CoinFacts Periodic Table of United States Coins” posters.
“We’ve had many requests from across the country for these fascinating posters. While supplies last, we’re giving them free to visitors to the PCGS booths at several coin shows, and they also are now available for purchase by anyone on Amazon.com,” said PCGS President Don Willis.
The posters can be ordered for $19.99 each at http://amzn.to/1O80vjl. Free shipping is available for Amazon Prime members and free shipping is available for all orders over $35.
The 24 by 36 inches poster resembles a typical scientific arrangement of chemical elements, but in this case the “elements” are superb quality images of U.S. coins from the PCGS TrueView™ photo archive.
“It’s an educational and fun poster that illustrates major U.S. coin denominations issued for circulation from 1793 to date,” said Willis.
PCGS Co-Founder and Collectors Universe President David Hall stated: “I encourage all dealers to show this to their clients, and all parents to share this with their children. I’m amazed at the work that went into creating this great representation of United States coinage. I believe this is one of the best things we’ve ever done.”
The posters provide important information about the coins depicted.
“The coins are categorized by type. There is information about their years in circulation, where they were struck, metallic content, weight, diameter and whether the edges are plain, reeded, lettered or decorated. There’s also information about designers and engravers,” explained Ron Guth, President of PCGS CoinFacts (www.PCGScoinfacts.com), the Internet’s ultimate, single source of information on U.S. coins.
The posters will be distributed free while supplies last at these shows:
- Whitman Baltimore Summer Expo, July 16 – 19, 2015;
- American Numismatic Association Chicago World’s Fair of Money, August 11 – 15;
- Long Beach Coin, Currency, Stamp & Sports Collectible Expo, September 17 – 19; and
- Baltimore Winter Expo, November 5 – 8.
For more information on all PCGS attended shows, visit www.PCGS.com/shows.
Professional Coin Grading Service was founded in 1986 by distinguished numismatic experts, and now has offices in California, Shanghai, Hong Kong and Paris. PCGS experts have certified over 30 million coins with a total market value of over 29 billion dollars. PCGS represents the industry standard in third-party certification, and is a division of Collectors Universe, Inc. (NASDAQ: CLCT).
For additional information about PCGS products and services, call 800-447-8848 or email email@example.com.
WASHINGTON – The United States Mint today announced the release of MyUSMint, the bureau’s new mobile application (app) for AndroidTM, iPhone® and iPod touch®.
Additional info regarding the MyUSMint apps can be found by clicking here>
WASHINGTON – The 2015 United States Mint Presidential $1 Coin Uncirculated Set (product code XE9) will be available for purchase starting on July 21 at noon Eastern Daylight Time (EDT).
July 14, 2015 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Dollar Coins, History, Medals, New Releases, News, Numismatica, Numismatics, Proof Coins, Silver, Silver Coins, US Mint, USA Coins
Look for the 2015 Coin and Chronicles Set – Harry S. Truman on June 30th! This unique keepsake will feature a Presidential $1 Reverse Proof Coin—only available as a part of this set—along with a silver presidential medal, stamp and companion informational booklet. They are all displayed in a rich red folder covered in a soft-touch material with a handsome textured look that makes an excellent gift.
And did you know that Truman, a World War I veteran, led the effort to establish a single day of commemoration for citizens to come together and thank our military members for their… Full article at the source>