You are browsing the archive for 2012 December.

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It’s Not Chocolate. It’s Gold

December 23, 2012 in Gold, Precious Metals

By wmw_admin on December 22, 2012 (http://www.thetruthseeker.co.uk)

Damien Gayle – Daily Mail Dec 21, 2012

With Christmas coming, sales of chocolate gold coins have no doubt soared as parents get ready to fill their little ones’ stockings with edible treasure.

But wealthy individuals worried about what the New Year could bring are instead stocking up on gold chocolate bars.

Swiss refinery Valcambi has been selling its CombiBar to private investors in Switzerland, Austria and Germany who are worried about a return of Weimar Republic-style hyperinflation.

The size of a credit card, the 50g gold CombiBars are easily be broken into one gram pieces to be used as money in times of crisis.

Now the company wants to bring them to market in the U.S. and build up sales in India – the world’s largest consumer of gold, where it has long served as a parallel currency.

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Brazil recalls tens of thousands of flawed 50 centavo coins

December 23, 2012 in Brazil Coins, Coins, World Coins

Published December 20, 2012, Associated press (http://www.foxnews.com)

SAO PAULO –  Brazil’s Central Bank is recalling tens of thousands of 50 centavo (25 US cent) coins that were mistakenly embossed as 5 centavo pieces.

The bank says in a Thursday statement that a production flaw at the federal mint led to the circulation of 40,000 such coins.

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A Gold Hoarder’s Legacy

December 22, 2012 in Coins, Gold, Gold Coins, Inheritance, Silver, Silver Coins, South Africa Coins, Treasure, USA Coins, World Coins

By Devin Leonard on December 20, 2012 (http://www.businessweek.com) (Bloomberg Business Week Market and Finance)

Walter Samaszko Jr. was not a guy who wanted company. He covered the windows of his house in Carson City, Nev., with cardboard so the neighbors couldn’t see inside. He made the postman stick the mail through the slot in his garage rather than coming to the front door. He was so good at keeping people away that when he died of heart failure at age 69 in June, nobody noticed until his house began to smell. Someone called the sheriff’s department. A hazmat team removed Samaszko along with part of the floor he was stuck to.

That’s when everybody found out why he hadn’t been more sociable: The dour, white-haired recluse had been hoarding $7 million worth of gold coins, most of them hidden in the crawl space beneath the house. Some were in an old washing machine. There were British sovereigns dating back to the 1840s, Austrian ducats, and South African Kruggerands. But mostly Samaszko had collected rolls and rolls of $20 American gold pieces, the kind with double eagles on them. He also had $12,000 in cash, a stock account worth $165,000—and $200 in the bank.

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Libertyville Salvation Army Kettle gets 7 gold coins for 2nd year

December 18, 2012 in Coins, Gold, Gold Coins, Swiss Coins, World Coins

The Salvation Army Logo

The Salvation Army Logo

From: (http://abclocal.go.com)

December 18, 2012 (LIBERTYVILLE, Ill.) (WLS) — For the second year in a row, an anonymous Guardian Angel has dropped a package of seven gold Swiss Francs in a red kettle at the Jewel in Libertyville, along with a personal note.

The seven Swiss gold francs, containing .19-ounces of gold each, were gift wrapped and dropped anonymously in the kettle on Saturday. The coins are worth $2,170. The package included a hand-written note, stating, ‘Thank you and your faithful “soldier” bell ringers for doing the fabulous work of God almighty in taking care of our needy (financially and spiritually).”

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Sochi 2014 Olympic coins issued in Russia

December 18, 2012 in Coins, Commemorative, Gold, Gold Coins, Russian Coins, Silver, Silver Coins

Published: 18 December, 2012 (http://www.rt.com)

Sochi 2014 Olympic Gold coins

Sochi 2014 Olympic Gold coins (Image from www.cbr.ru)

The Russian Central Bank has issued into circulation 700,000 Sochi 2014 bullion coins.

All the coins have a square-cut form and depict the Russian double-headed eagle on one side and a white bear, one of the Sochi 2014 mascots, on the other.

The issues include 300,000 silver coins with the value of 3 roubles, 300,000 gold coins with a nominal value of 50 roubles and 100,000 gold coins worth 100 roubles.

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Numismatic issue – a gold coin from the “History of Gold” series – The Patera in the Pietroasa Hoard

December 17, 2012 in Coins, Gold, Gold Coins, Romanian Coins

Press Release from the National Bank of Romania ( http://www.bnr.ro)

December 14,.2012

Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, on 17 December 2012, the National Bank of Romania will put into circulation, for numismatic purposes, a gold coin from the “History of Gold” series – The Patera in the Pietroasa Hoard.

The coin has the following characteristics:

  • Face value: lei 10
  • Metal: gold
  • Fineness: 999‰
  • Shape: round
  • Diameter: 13.92 mm
  • Weight: 1.224 g
  • Quality: proof
  • Edge: milled
Obverse: a group of figures depicted on the patera in the Pietroasa Hoard, the nominal value “10 LEI” and the coat of arms of Romania; on the outer ring, in an arc, the year of issue “2012” and the inscription “ROMANIA”.

Obverse: a group of figures depicted on the patera in the Pietroasa Hoard, the nominal value “10 LEI” and the coat of arms of Romania; on the outer ring, in an arc, the year of issue “2012” and the inscription “ROMANIA”.

Reverse: the female figure in the middle of the patera overlapping its relief depiction; on the outer ring, “PATERA” and “TEZAURUL DE LA PIETROASA” inscribed in an arc.

Reverse: the female figure in the middle of the patera overlapping its relief depiction; on the outer ring, “PATERA” and “TEZAURUL DE LA PIETROASA” inscribed in an arc.

The gold coins are housed in transparent plastic capsules and are accompanied by leaflets featuring a presentation of the numismatic issue in Romanian, English and French.

Each leaflet comes with a certificate of authenticity bearing the signatures of the Governor and the Chief Cashier of the National Bank of Romania.

The mintage of this numismatic issue is 500.

The selling price per gold coin, the leaflet included, is lei 415.00 excluding VAT.

The gold coin form the “History of Gold” series – The Patera in the Pietroasa Hoard is legal tender on the territory of Romania.

The collector gold coins from the “History of Gold” series – The Patera in the Pietroasa Hoard will be put into circulation through the branches of the National Bank of Romania in Bucharest, Cluj Napoca, Iaşi and Timişoara.

Link to Press Release

 

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US Mint Sold Out of Silver Eagle Bullion Coins Until January 7, 2013

December 17, 2012 in Coins, Silver, Silver Coins, USA Coins

December 17, 2012 By Michael Zielinski (http://news.coinupdate.com)

Silver Eagle Bullion

Silver Eagle Bullion

Authorized purchasers will be faced with a three week period during which there will be no American Silver Eagle bullion coins available to order from the United States Mint.

The Mint recently informed authorized purchasers that all remaining inventories of 2012-dated Silver Eagle bullion coins had sold out and no additional coins would be struck. Since the 2013-dated coins will not be available to order until January 7, 2013, this leaves a three week void for the Mint’s most popular bullion offering.

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Three U.S.A. Charities to benefit from sales of The Mandela Red Ribbon Twin Set

December 17, 2012 in Coins, Commemorative, Gold, Gold Coins, Silver, Silver Coins, World Coins

DECEMBER 2, 2012 (http://www.mandelacoinusa.com)

World AIDS DAY | SAGCE Announces Three New Charities

In honoring Worlds AIDS DAY on December 01, The South African Gold Coin Exchange (SAGCE) has chosen three renowned charities based in the United States of America, to benefit from the sale of a newly launched Nelson Mandela set of collectible coins, the first such historic commemorative coins by the SAGCE to be released in the United States.

The Black AIDS Institute, (BAI) The Elizabeth Glaser Pediatric AIDS Foundation (EGPAF) and U.S. Friends of Phelophepa Train have been selected to benefit from the campaign, which has been launched to celebrate the legacy of one of the most influential icons in the world, to promote awareness and as an implement to combat the stigma of HIV/AIDS.

The three organizations will join The Nelson Mandela Foundation and the Nobel Institute to receive a percentage from the sales of the limited edition of the limited edition Nelson Mandela Red Ribbon Twin Sets, which consist of a half ounce gold and one ounce silver and depict Nobel Peace Prize recipient and former South African President Nelson Mandela’s image on the obverse and the HIV/AIDs ribbon on the reverse, together with his renowned quote: “AIDS is no longer a disease, it’s a human rights issue.”

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California woman inherits $7million in gold coins found in garage of dead cousin…

December 17, 2012 in Coins, Collecting, Gold, Gold Coins, Inheritance, Precious Metals, Silver, Silver Coins, Treasure, USA Coins, World Coins

By BETH STEBNER. 14 December 2012 (http://www.dailymail.co.uk)

  • Substitute teacher Arlene Magdanz officially declared rightful owner of gold coins
  • Walter Samasko Jr died with only $200 in his bank account, but officials discovered windfall of gold coins in recluse’s garage, valued at more than $7million
  • Samasko hadn’t held steady job since 1968 and used investment money to purchase coins

Officials in Carson City, Nevada have declared a California woman the rightful owner of $7.4 million in gold coins found in the home of her late cousin.

City Clerk-Recorder Alan Glover said a month’s worth of genealogical research determined Arlene Magdanz, a first cousin to the late Walter Samasko Jr., was the only living relative of the man, who died in May.

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Get your Gold and Silver coins on Ebay

December 13, 2012 in Coins, Ebay, Gold, Gold Coins, Silver, Silver Coins, USA Coins, World Coins

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eBay Now Sells Millions In Gold And Silver Through New Investing Platform

December 13, 2012 in Coins, Ebay, Gold, Gold Coins, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins, World Coins

Abram Brown, Forbes Staff (http://www/forbes.com)

Forget used textbooks or vintage records. The hottest items for sale on eBay today will put a truer sparkle in your eye: You may now, with a large measure of safety and security, buy physical gold and silver, as well as platinum and palladium.

Through a new partnership with APMEX, a metals dealer, eBay allows you to buy as much as you’d like, in $10,000 increments.

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Matt Lerner of Frederick Coin Exchange, Plays Secret Santa With Gold Coin In Salvation Army Kettle in Germantown, Md.

December 12, 2012 in Coins, Donations, Gold, Gold Coins, USA Coins

From: http://http://www.wusa9.com Dec 10, 2012

The Salvation Army Logo

The Salvation Army Logo

GERMANTOWN,  Md. (WUSA) – By now, you know the familiar ring, and the bright red kettle. It’s the time of year for Salvation Army bell-ringers to raise cash. But, apparently, one donated coin proved to be way more valuable than most, all thanks to a not-so-secret Santa.

It was Thursday evening, and Major Curt Sayre of the Montgomery County Salvation Army was back at headquarters, counting the donations from his kettle, along with several other bell-ringers. That’s when he found something he’d never seen donated before in his 22 years there: a gold coin with a note.'”We saw that note that said exchange it for a $1000 check, the whole atmosphere of the room changed, we were all grinning from ear to ear, it was just such a blessing,” he said.

Sayre followed the note’s instructions, and it brought him to 26-year-old Matt Lerner’s business, Frederick Coin Exchange. There, he exchanged the coin for the check. He says words can’t express how much Lerner’s generosity means. In a little more than a week, he’ll see that money go directly into the hands of those who need it. He said, “The most heartwarming thing about the job is when the parents come and pick up the toys – and I’m going to start to cry – and they’re just overcome.”

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Salvation Army discovers 2nd gold coin and 1st silver coin

December 12, 2012 in Coins, Donations, Gold, Gold Coins, Silver, Silver Coins, USA Coins

From http://www.news-press.com Dec, 11, 2012.

The Salvation Army Logo

The Salvation Army Logo

The Salvation Army discovered two more anonymous donations today. Someone dropped a 2012 Liberty Eagle silver dollar coin into a red kettle at the Publix at Pelican Landing in Bonita Springs. It was accompanied by a note that reads “Inspired by: In Memory of Mimi

Last week, an anonymous donor dropped a $20 Liberty Eagle gold coin in one of The Salvation Army’s red kettles. The coin was given for the eighth year in a row and wrapped in a note that read, “In loving memory of Mimi.”

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Sales of American Eagle Gold Coins Soar

December 11, 2012 in Canadian Coins, Coins, Gold, Gold Coins, USA Coins, World Coins

Published: Tuesday, 11 Dec 2012
By: Jack Farchy (http://www.cnbc.com)

Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.

The US Mint’s sales of American Eagles, one of the most popular gold coins, leapt 131 percent in November, hitting their highest level in more than two years. The Royal Canadian Mint also had its strongest month of sales this year.

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Could two platinum coins solve the debt-ceiling crisis?

December 9, 2012 in Coins, Platinum Coins, Politics, USA Coins

Posted by Brad Plumer on December 7, 2012 (http://www.washingtonpost.com/blogs)

If President Obama wants to avoid an economic calamity next year, he could always show up at a press conference bearing two shiny platinum coins, worth… $1 trillion a piece.

Okay, that sounds utterly insane. But ever since last year, some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory.

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In loving memory of Mimi (‘Mimi’ coin found in Salvation Army kettle for 8th year)

December 9, 2012 in Coins, Gold, Gold Coins, USA Coins

FORT MYERS, Fla.- For the eighth straight year, an anonymous donor has dropped a $20 Liberty Eagle gold coin in one of The Salvation Army’s red kettles. The coin, as in previous years, was wrapped in a note that reads, “In loving memory of Mimi.” The coin is dated 1907 and has been valued at approximately $1,700.

This generous donation comes at a good time – with only 19 days left to ring, The Army is only at 34 percent of its 2012 goal of $720,000.

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Gold coin found in chest of drawers by Tunbridge Wells widow sold for £300,000

December 7, 2012 in Coins, Gold, Gold Coins, World Coins

Friday, December 7, 2012 (http://www.kentnews.co.uk)

Queen Anne Vigo five guineas Gold Coin

Queen Anne Vigo five guineas Gold Coin

Coin was made with gold captured from Spanish galleons at the Battle of Vigo Bay

An old coin discovered by a widow clearing out her late husband’s chest of drawers has fetched almost £300,000 at auction.

The coin dates back to 1703 – when Queen Anne began her reign – and was made with gold captured from Spanish galleons at the Battle of Vigo Bay.

It is believed that less than 20 such coins are around today, with 15 of them in private ownership. Only six have been offered for sale in the UK in the past 50 years. It was expected to fetch around £120,000.

The widow, who wishes to remain anonymous, took it to auctioneers Gorringes in Tunbridge Wells along with two silver coins.

Upon inspection, staff member Leslie Gillham realised the gold coin was in fact one of the most collectable and expensive pieces in history – a Queen Anne Vigo five guineas.

Mr Gillham said he was left speechless when he realised the importance of the discovery.

He said: “When the lady came in I was not wonderfully enthusiastic as most aren’t worth anything.

“She gave me two silver crowns and I thought ‘shame you haven’t got any gold coins’. Then she produced the five guinea piece which made my eyes nearly pop out of my head. My first thought was it must be a fake.”

But after a second opinion, the coin, which is in ‘very fine condition’, was deemed genuine and valued at £80,000-£120,000.

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How to Collect and Store Coins

December 6, 2012 in Coins, Collecting, USA Coins, World Coins

By Coins Magazine December 05, 2012

Article was originally printed in Coins magazine >> Subscribe today!

Link to Full article at www.numismaster.com

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Krause Publications Announces 2013 Coin of the Year Winners

December 5, 2012 in Coins, Gold, Gold Coins, Silver, Silver Coins, World Coins

By Lisa Bellavin  December 05, 2012 (http://www.numismaster.com Krause Publications)

Krause Publications, a leading publisher of coin and paper money books, magazines, and other reference products, has announced the winners of its 2013 Coin of the Year Awards.

Ninety-nine coins issued in 2011 by mints and national banks worldwide were nominated for the 2013 Coin of the Year Awards, honoring coins displaying the highest achievement in theme, design and marketing. Judges picked winners in 10 categories. From these, they will select an overall Coin of the Year winner. The 10 category winners for 2013 are as follows:

The award of Most Historically Significant coin was given to the National Bank of the Kyrgyz Republic for their 10 Som, silver coin commemorating the Silk Road. (KM# 48)

Best Contemporary Event coin was awarded to the Austrian Mint for its 25 Euro silver and niobium coin celebrating the evolution of robotics. (KM# 3204)

The South African Mint was awarded the honor of Best Gold coin, for it’s 50 Rand gold featuring the meerkat. It is part of the Mint’s Natura series entitled “Nature’s Families”. (KM#511)

The Royal Canadian Mint claimed the award for Best Silver coin for its 20 Dollar silver coin, which features a canoe in the water and it’s reflection. (KM# 1176)

Monnaie de Paris will take home the award for Best Crown coin. It is the second issue in a new series called “From Clovis to Republic – 1500 Years of French History”. It was created by famed fashion designer Christian Lacroix, and features Charlemagne. (KM# 1802)Best Trade coin was awarded to the National Bank of Lithuania for a 1 Litas copper-nickel coin honoring the sport of basketball. (KM# 177)

The Most Popular coin of 2011 was awarded to the National Bank of Mongolia for its 500 Togrog silver coin featuring an owl with crystal eyes. A previous coin of the series featuring the wolverine was awarded the overall Coin of the Year award in 2009. (KM# 309)

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US Mint Sales Report: Limited Edition Silver Proof Set Debuts

December 5, 2012 in Coins, Collecting, Proof Coins, Silver, Silver Coins, USA Coins

December 4, 2012 By Michael Zielinski (http://news.coinupdate.com/)

The latest weekly United States Mint numismatic sales report includes the opening figures for the 2012 Limited Edition Silver Proof Set. The numbers for the 2012 commemorative coins may also be closely watched as the sales ending date approaches.

2012 United States Mint Limited Edition Silver Proof Set

2012 United States Mint Limited Edition Silver Proof Set

On November 27, 2012, the US Mint began accepting orders for the 2012 Limited Edition Silver Proof Set. This was a newly created product type which combined a proof American Silver Eagle with the 90% silver coins included within the annual Silver Proof Set. Many collectors were skeptical of the offering as it was priced at $149.95, which reflected a premium above the costs of the individual components.

Sales for the product opened at a respectable 19,290 units out of the maximum product limit of 50,000. These sales occurred while an ordering limit of two sets per household was imposed.

The conclusion of sales for the 2012 commemorative coins as well as the 2011 September 11 National Medals will occur on December 17, 2012 at 5:00 PM ET. With the deadline fast approaching, sales levels for these products have shown some strength as collectors place their final orders. In previous weeks, there had been large moves for the uncirculated version of the 2012 Star Spangled Banner $5 Gold Coin, although sales for the week have now fallen back to just 87 units with the cumulative total now at 6,454. Stronger sellers for this week included the proof versions of the 2012 Infantry Soldier Silver Dollar and 2012 Star Spangled Banner Silver Dollar.

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Obama signs bill to mint Mark Twain coins

December 5, 2012 in Coins, Collecting, Commemorative, Gold, Gold Coins, Silver, Silver Coins, USA Coins

By: Staff Report (http://www.stargazette.com) Dec, 4th, 2012.

President Barack Obama on Tuesday signed the Mark Twain Commemorative Coin Act to issue $5 gold coins and $1 silver coins, according to the White House website.

There will be 100,000 gold coins and 350,000 silver coins produced by the U.S. Mint for one year beginning in 2016, according to the legislation. The minting and issuing of these coins will not result in any net cost to the U.S. government, the legislation said.

The coins will be legal tender but are expected to be popular among collectors. There will be a $35 surcharge per coin for the $5 coin and a $10 surcharge per coin for the $1 coin, according to the legislation.

Proceeds from the surcharges will go toward four sites tied to Twain, including Elmira College’s Center for Mark Twain Studies for research and education, which will receive a quarter of the proceeds, the legislation says.

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Krugerrand found in Naperville Salvation Army kettle

December 5, 2012 in Coins, Gold, Gold Coins, South Africa Coins, World Coins

The gold coin is worth about $1,700

By Melissa Jenco, Chicago Tribune reporter  December 4, 2012 (http://www.chicagotribune.com)

The Salvation Army Logo

The Salvation Army Logo

South Africa Gold Krugerrand

South Africa Gold Krugerrand

As Capt. Antonio Romero and his Salvation Army Aurora Corps volunteers sorted money collected from their trademark red kettles, a heavy gold coin fell from the dollar bill that encircled it.

The volunteer who unwrapped the currency was shocked, but Romero knew exactly what it was – a South African Krugerrand worth about $1,700.

“It’s incredible. It’s beyond belief even when the economy hasn’t been at its best somebody can still find it in their heart to give something that generous,” Romero said. “It’s mind-blowing to us, and we are extremely thankful. And I’m sure those who ultimately benefit from this are just as thankful.”

Romero believes the valuable coin was dropped into a kettle Friday morning at Casey’s Foods in Naperville. He recognized it because finding a Krugerrand wrapped in a dollar bill and deposited into a Naperville kettle has become an annual occurrence, and he can’t help but think the same donor is responsible.

Money donated in the kettles stay in the communities where it is donated and assists people in need with food, shelter, after-school programs and disaster relief, according to Alyse Chadwick, public relations specialist for the Salvation Army.

Full Article>

Link to Chicago’s Salvation Army Website

 

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Upcoming Event; The New York International Numismatic Convention

December 4, 2012 in Coins, Collecting, Conventions

 The New York International Numismatic Convention

From the http://www.nyinc.info/ website;

About Our Event – How to Find Us
The New York International Numismatic Convention is the United States’ most prestigious numismatic event targeting the needs of the world and ancient numismatic communities. The 41st Annual NYINC will be held at fabled Waldorf Astoria Hotel, located at 301 Park Avenue, New York, NY 10022, between 49th and 50th Streets. Our dates will be January 5, 2013 – January 14, 2013, with bourse activities taking place Thursday-Sunday, January 10-13, 2013.

The NYINC will feature a bourse area consisting of 100 of the leading specialists in world and ancient numismatics and will be held on the 18th floor meeting room level of the Waldorf Astoria. The auction sessions will also be held in the Norse Suite, on the 18th floor.

Please consult the Schedule of Events for each specific auction to determine its location. Our event will also include a full range of educational programs and meetings. Our multiple auction sessions are cataloged and conducted by a number of the leading numismatic houses in the world, including: Heritage; Gemini Numismatic Auctions, LLC; Freeman and Sear; Classical Numismatic Group; The New York Sale, a joint venture of Baldwin’s Auctions, Ltd; M&M Numismatics and Dmitry Markov; Stack’s-Bowers-Ponterio. In addition Kolbe & Fanning Numismatic Booksellers will conduct a specialty sale focused on numismatic literature. Bibliophiles eagerly await the the Kolbe & Fanning literary sale held in conjunction with the New York International Numismatic Convention.

Each year in all 11 different auction houses, either singly or in collaborative efforts, will be contributing their expertise and numismatic drawing power to our auction presentations in 2013, which will take place over a span of nine consecutive days. No other numismatic convention can equal the incomparable scope and breadth of the NYINC auctions, presentations that require literally attact dealers and collectors from throughout the world, making New York City the numismatic capital of the world during our event.

More in the New York International Numismatic Convention Website

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Coins of steel seen as money-saving alternative for pennies, nickels

December 2, 2012 in Coins, Money, Politics, USA Coins

Business First by Dan Eaton, Staff reporter  Date: Friday, November 30, 2012 (http://www.bizjournals.com/)

Your change could be a-changin’.

U.S. Rep. Steve Stivers from Columbus is pushing for production of pennies and nickels to be switched from the existing metal combinations to a makeup that is mostly steel.

The House Committee on Financial Services held a hearing this week tackling the topic in advance of a U.S. Mint report on alternative materials for Americans’ money.

“In these times of fiscal strain, we can save millions of dollars,” Stivers said.

Good news for Stivers and interested observers, such as Columbus-basedWorthington Industries Inc., was that the steel discussion was well-received by the panel. Executives from Worthington Industries (NYSE:WOR) didn’t testify, but the company has a vested interest in the topic because it is the supplier of steel for coins produced by the Royal Canadian Mint. That institution is being looked to as a model after switching to steel in 2000.

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