You are browsing the archive for 2013 February.

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Senate OKs making gold, silver legal tender in AZ

February 28, 2013 in Coins, Gold, Gold Coins, Silver, Silver Coins

Howard Fischer Capitol Media Services. Feb, 29th, 2013 (http://azstarnet.com Arizona Daily Star)

PHOENIX – State senators voted Wednesday to make gold and silver legal tender in Arizona.

The proposal, SB 1439, stems from concerns of some that the paper money printed by the Federal Reserve Bank is losing value.

They persuaded Sen. Chester Crandell, a Heber Republican, to give privately minted gold and silver coins the same legal status to pay bills, at least in Arizona.

A disdainful Sen. Steve Farley, a Tucson Democrat, suggested if Arizona is going to have merchants weighing and assaying gold and silver to determine its value, perhaps the state should not stop there.

So Farley proposed an “Arizona-centric” list of additions from the “Five Cs” for which the state is known – copper, cattle, cotton, citrus and climate.

He said, for example, there is little difference between trading beef or oranges as commodities versus gold and silver.

“And what has more value than sunbeams?” he added, though he didn’t describe how they could be counted.

Farley’s lighthearted effort to amend the bill met with frowns from its supporters.

Senate President Andy Biggs, R-Gilbert, called it an “unfortunate attempt” at humor. And Crandell bristled at having fun poked at his measure.

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The Local Connection To The Sale Of A Rare 1796 U.S. Half Cent

February 26, 2013 in Antique Coins, Coin Grading, Coins, Collecting, History, Inheritance, News, Numismatica, Numismatics, USA Coins

By: KomoNews.com
Recently, it was widely reported that a very rare 1796 U.S. half cent fetched a whopping $357,000 at a European auction held by Wooley and Wallis of Salisbury, England. Also known as the Liberty Cap Half Cent, this coin was certainly a prime offering as there were only 1,390 ever minted by the U.S. Mint in Philadelphia.
Untouched for the past 50 years and remaining “very much in its original condition,” the coin was found by the seller by complete accident. The original owner was Mark Hillary, an Oxford scholar, who died in a mountain climbing accident in Greece in 1963. He kept this coin in a cabinet he constructed out of glued-together matchboxes, and this is where it sat for the past half century. While housecleaning, Mark Hillary’s brother found his coin collection. Originally thinking the coins were junk, he brought them to the auction house for appraisal. While the actual value of the half cent would ultimately be determined by the open market, the coin was originally estimated to be worth between $40,000 and $47,000. Not bad for some old junk!

Although no one knows how this American gem ended up in England, it is now back on American soil thanks to our friend Bob Johnson, a Florida-based coin seller, an affiliate of the Numismatic Financial Corporation (NFC) and a friend of the family since the 1970s. Bob is a specialist in rare U.S. and foreign coins, and is one of the few dealers in the country that buys at auctions both in the states and overseas. Ryan Hoolahan, owner of West Seattle Coins and Bellevue Rare Coins, first met Bob through his dad with whom Bob did business in the ’70s. Now, 35 years later, Ryan is keeping the tradition alive, working regularly with Bob, just like his father did. Ryan credits Bob with playing a major part in making the coin business what it is today.

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The coin worth less than any other in the world

February 26, 2013 in Canadian Coins, Coins, News, USA Coins, World Coins

By Laura Gray BBC News (http://www.bbc.co.uk) 25th, February, 2013

This month the Canadian mint stopped distributing the penny, or one-cent piece, as it costs more to make than it is worth. It’s far from being the lowest-value coin around, however. Some central banks are clinging on to coins that are truly “small change”

 

There are many precedents for scrapping small coins. The US abolished the half-cent in 1857 and the UK’s halfpenny was withdrawn in 1984. New Zealand and Australia abandoned the one-cent and two-cent coin in the 1990s.

Now some campaigners in the US and UK want the penny to be scrapped, because nothing can be bought with a one-cent or one-penny coin.

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How to Buy Gold Coins on Ebay – Some Tips

February 24, 2013 in Coins, Collecting, Ebay, Gold, Gold Coins, Investing, Silver, Silver Coins

by Franky in Investment Strategies (http://plainfront.com)

Are you looking to invest in gold to add some security to your financial future? Or maybe you are just interested in collecting coins and are looking for some great deals?

If so, then Ebay is a great place to buy gold coins, as you can find some real bargains. Once you check it out, then you will never be left wondering where to buy gold coins ever again!

Although you can get some great prices on ebay, don’t expect massive discounts. Looking for gold coins which are half price is just not going to happen, no matter how hard you search. Maybe in the early days when Ebay was first getting started, but nowadays you are competing with many other gold coin buyers just like yourself.

More realistic is to expect to save around 5-10% on what you can find elsewhere, which means you can still make some terrific savings.

In order to make these savings, you need to know what to look for, so you can avoid being ripped off from dodgy sellers. Although Ebay has a great reputation, there are still a few sellers that spoil it for everybody else, so you need to be able to spot them.

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Club event teaches history using stamps, coins

February 24, 2013 in Coins, Collecting, Copper Coins, Education, History, Numismatic Societies and Clubs, Numismatica, Numismatics, Seminars, USA Coins, Young Collectors

By: MARK ESTES Correspondent. February 23, 2013 (http://www.news-journalonline.com)

The Flagler County Stamp and Coin Club used the history of Abraham Lincoln to introduce a group of children and parents to the hobby of coin collecting during a special program this week at the Flagler County Public Library.

“Collecting pennies is the easiest thing to collect in coin collecting,” club president David Rosenthal said. “You can reach into your pocket and you pull out pennies with different dates on them.”

Rosenthal discussed some of the basics of coin collecting, showing the children how they can fill blue Whitman coin folders to hold their collections.

“You open the books up, it will give you the date of the penny and you stick it in,” he said. “You want to try to get as many different pennies as you can. Along with the date there is what is called a mint mark and the book tells you how many pennies were minted for each date and mint. You can find a P, an S or a D on some of these. The P stands for Philadelphia, the S for San Francisco and the D for Denver. Some don’t have any mint markings on them. They call those plain.”

Rosenthal also explained how to use cardboard 2x2s to display individual coins. As he spoke, members of the club distributed kits with a variety of coin-collecting gear, such as the cardboard 2x2s, and clear plastic coin holders. Every child also got a special envelope sent from the U.S. Mint containing an uncirculated 2012-D Lincoln cent and a copper blank that pennies are stamped on.

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Who Wins The Currency Wars? Gold & Silver – Hidden Secrets Of Money (Trailer)

February 24, 2013 in Coins, Gold, Gold Bullion, Gold Coins, History, Investing, Money, Numismatica, Numismatics, Silver, Silver Coins, World Coins

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Greek and Roman coins discovered in Lichfield fetch £40,000 at auction

February 22, 2013 in Ancient Coins, Antique Coins, Auctions, Bronze Coins, Coins, Collecting, Greek Coins, Roman Coins, Silver, Silver Coins, Treasure, World Coins

Bidding frenzy after experts estimated the collection at around £25,000

 

By Mike Lockley Feb, 20th, 2013 (http://www.birminghammail.co.uk)

A private collection of Greek and Roman coins has fetched £40,000 at auction – more than double what was expected.

The 400 lots of classic coins, discovered in Lichfield, went under the hammer last Wednesday at auctioneers Richard Winterton’s city centre salesroom.

The haul included a Roman Republic Apulia Luceria bronze ‘quincunx’. which realised £340, a group of Roman Imperial bronze coins, which went for £380, and a pre-Roman 450 to 350 BC Lucania silver starter, which sold for £360.

A spokesman for the auctioneers said: “Some of the world’s leading authorities in this highly specialised field made the trip to attend the sale. The live internet bidding facility enabled those long distances away and abroad to participate, enabling buyers around the globe to make successful bids.”

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Gold, silver coins acceptable forms of payment?

February 22, 2013 in Coins, Gold, Gold Coins, Money, Politics, Precious Metals, Silver, Silver Coins, USA Coins

February 21, 2013 5:00 am  •  HOWARD FISCHER Capitol Media Services (http://azdailysun.com/) Arizona Daily Sun

PHOENIX — Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins.

The Senate Finance Committee on Wednesday took the first steps to making such coins legal tender in Arizona. SB1439 would give them the same legal status as bills and coins authorized by Congress.

Nothing in the proposal by Sen. Chester Crandell, R-Heber, would force anyone to actually accept these coins as payment for any debt. Their use would be voluntary.

But proponents said it’s only a matter of time before the country suffers hyperinflation, making the greenback worthless.

“We need to have a lifeboat for Arizona so we can construct Plan B,” testified Miles Lester.

The measure is crafted to get around a provision of the U.S. Constitution which bars states from minting their own coins. But supporters also note it says that states cannot “make any thing but gold and silver coin a tender in payment of debts.”

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Lear Capital Releases IRA-Eligible Gold Polar Bear Coin for Asset Allocations within Private Portfolios Worldwide

February 22, 2013 in Canadian Coins, Coins, Collecting, Gold, Gold Coins, IRA, Precious Metals, Silver, Silver Coins

Lear Capital (http://www.learcapital.com) introduces the 2013 Gold Polar Bear coin, their latest investment-grade release issued by the Royal Canadian Mint. Struck in .9999 gold and exclusive to Lear, it is an exceptionally brilliant IRA-eligible gold coin with a regular parallel line finish akin to the celebrated Gold Canadian Maple Leaf.

 

Santa Monica, CA (Http://PRWEB.com) February 21, 2013

The Gold Polar Bear coin is Lear Capital’s (http://www.learcapital.com) newest investment-grade release issued by the Royal Canadian Mint! A magnum opus struck in .9999 gold and exclusive to Lear, it is an exceptionally brilliant gold coin with a regular parallel line finish akin to the celebrated Gold Canadian Maple Leaf.

Gold Polar Bear

Gold Polar Bear

Gold Polar Bear

Gold Polar Bear

The Gold Polar Bear joins the Silver Polar Bear coin as exclusive to Lear Capital in North America, the latter was introduced by Lear last year and is the only pure, 1.5 ounce silver coin currently struck by the Royal Canadian Mint. It is an oversized, IRA-eligible and exceptionally thick, brilliant silver coin.

The Gold Polar Bear coin is Lear Capital’s (http://www.learcapital.com) newest investment-grade release issued by the Royal Canadian Mint! A magnum opus struck in .9999 gold and exclusive to Lear, it is an exceptionally brilliant gold coin with a regular parallel line finish akin to the celebrated Gold Canadian Maple Leaf.

The Gold Polar Bear joins the Silver Polar Bear coin as exclusive to Lear Capital in North America, the latter was introduced by Lear last year and is the only pure, 1.5 ounce silver coin currently struck by the Royal Canadian Mint. It is an oversized, IRA-eligible and exceptionally thick, brilliant silver coin.http://www.learcapital.com/polarbearcoin.html

Lear’s newest Polar Bear is ¼ oz of Pure Gold. It is in pristine, uncirculated condition with its weight and purity guaranteed by the Government of Canada. The obverse of the coin features the image of Queen Elizabeth II struck in radiant gold and designed by internationally acclaimed Canadian portrait artist Susanna Blunt. The reverse of the coin depicts the majestic polar bear crossing shimmering sea ice on its solitary journey across a golden Arctic Expanse.

Lear’s newest Polar Bear is ¼ oz of Pure Gold. It is in pristine, uncirculated condition with its weight and purity guaranteed by the Government of Canada. The obverse of the coin features the image of Queen Elizabeth II struck in radiant gold and designed by internationally acclaimed Canadian portrait artist Susanna Blunt. The reverse of the coin depicts the majestic polar bear crossing shimmering sea ice on its solitary journey across a golden Arctic Expanse.

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Roman coins set for display soon

February 20, 2013 in Ancient Coins, Antique Coins, Roman Coins, Treasure, World Coins

By Neil Watts. 19th, February 2013 (http://www.eveshamjournal.co.uk)

THE Worcestershire Hoard is on its way back to the county and will soon be going on display.

The largest haul of treasure ever found in the county, a stash of almost 4,000 Roman coins discovered by metal detecting enthusiasts on Bredon Hill in June, 2011, will be put on show at the County Museum at Hartlebury from Saturday, March 9.

It will be displayed in its unconserved state while fund-raising continues to enable Museums Worcestershire to conserve the coins and display them around the county.

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Morton & Eden to sell Spanish Colonial coins from The Archer M. Huntington Collection

February 20, 2013 in Ancient Coins, Antique Coins, Auctions, Coins, Collecting, Copper Coins, Gold, Gold Coins, Mexico Coins, News, Silver, Silver Coins, World Coins

February, 20th, 2013 from http://www.artdaily.org

LONDON.- Following last November’s successful sale of important Portuguese and Portuguese Colonial coins from the Archer M. Huntington Collection of Hispanic Coins, on Wednesday March 6 2013 specialist London auctioneers Morton & Eden will sell the equally important Spanish Colonial coins from the same collection. Numbering almost 1,500 items, the sale is expected to raise a total in the region of £500,000.

The Huntington Collection, a vast group of 37,895 coins relating to the Spanish World, was sold en bloc to benefit the Hispanic Society of America (HSA). Many significant and academically important pieces were acquired on behalf of the American Numismatic Society (ANS), to which they had formerly been loaned for many years. However, the Morton & Eden sales of Portuguese material, and now the Spanish Colonial coins offer collectors at all levels a rare opportunity to bid for items of impeccable pedigree and provenance.

The gold, silver and copper coins for sale in the present collection span South and Central America and the West Indies and include examples from Argentina, Bolivia, Chile, Colombia, Costa Rica, Guatemala, Jamaica, Mexico, Peru, Santo Domingo, Uruguay and Venezuela.

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World Coin Seminar to Be Hosted by Numismatics International

February 19, 2013 in Coin Shows, Coins, Collecting, Numismatics, Seminars, World Coins

World Coin Seminar to Be Hosted by Numismatics International

The Numismatics International Seminar Will Be Held June 7-9 in Irving, TX

 

February 18, 2013 (http://www.businesswire.com/)

DALLAS–(BUSINESS WIRE)–The Board of Directors for Numismatics International (NI) announced today that it will be conducting a three-day seminar in June with the theme of World Coins on Their Own Terms. The Numismatics International Seminar will be held June 7-9, 2013 and will feature workshop sessions covering topics such as:

“The Numismatics International Seminar will be an opportunity for coin collectors at all levels to expand and share their expertise, drawing on the resources of the NI Library and Reference Collection, and to enjoy the company of others who share similar interests”

  • Identification and Attribution: using examples from the NI reference collections;
  • Detection of Counterfeits: a skill no coin collector can afford to be without;
  • Grading Standards and Techniques relevant to diverse world issues; and
  • Buying and Selling, with a live auction of lots submitted by participants.

“One of the remarkable things about numismatics – which is the study or collection of currency, including coins, tokens, paper money, and related objects – is that specialized knowledge is not confined to tenured academics or big-time dealers,” said Carl Young, NI president. “Important scholarship is performed, and discoveries are made, as often as not by ordinary hobbyist coin collectors who have made a special study of some phase of the subject.”

The Numismatics International Seminar will be held at the Courtyard Dallas DFW Airport North/Irving, 4949 Regent Boulevard, Irving, TX 75063. The cost is $150 for NI members, $250 for all others, until May 15 on a space-available basis.

Full Press Release at Businesswire.com>

Numismatics International Website

 

 

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The Gold and Silver Mine – The market value of coins.

February 19, 2013 in Coins, Collecting, Gold, Gold Coins, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, USA Coins

Monday, February 18, 2013 by Douglas Keefe (http://www.shorenewstoday.com)

A weekly column dedicated to “digging out” current information about precious metals, coins and other numismatics.

A 1794 silver dollar just sold at auction for a record-breaking price of $10 million (including buyer’s premium). This is the most ever paid for a single coin and the first to reach eight figures. It will be interesting to see how long this record lasts.

The coin commanding such a high price was a 1794 Flowing Hair silver dollar, so called because the profile design of Lady Liberty shows her hair flowing behind her. The coin is the finest known specimen, being in virtually perfect condition and looking like the day it was minted more than 200 years ago.

The year 1794 was the first our young country struck a silver dollar for use in commerce. We had been relying on using coins from other countries, most notably the Mexican eight reales, which remained legal tender as one dollar until 1856.

Not that many years ago it was unheard of for a coin to sell for over $1 million, although that price point was routinely surpassed by other collectibles such as antiquities and paintings. Now it is not that unusual to see rare coins surpass that level. A recent example and previous record holder is the 1933 $20 gold piece that supposedly had its entire production melted as a result of President Roosevelt’s requirement that all gold coins be returned to the government and that gold ownership by U.S. citizens was illegal.

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2013 Silver Eagles Top US Sales Report, Coin Collecting Products Sell Out

February 18, 2013 in Coins, Collecting, Gold, News, Precious Metals, Silver, Silver Coins, USA Coins

By COIN COLLECTING NEWS on FEBRUARY 14, 2013 (http://www.coincollectingnews.org)

There were no products released by the United States Mint last week, and based on the latest coin collecting stats, sales suffered for it.

The most interesting aspects of the latest US Mint sales report are figures for collectible products that have recently sold out. But first, let’s discuss US Mint weekly sales leaders.

Just three collector products advanced by more than 1,000 orders, and all three contained silver coins. They were 2013-W Proof American Silver Eagles, 2013 America the Beautiful Quarters Silver Proof Sets, and 2012-W Uncirculated American Silver Eagles.

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The Life and Coins of George T. Morgan

February 16, 2013 in Coins, Collecting, Commemorative, History, Numismatica, Numismatics, Silver, Silver Coins, USA Coins

February 15, 2013 By Dennis Hengeveld (http://news.coinupdate.com)

Known for designing one of the most well known and broadly collected coins ever produced in the United States, George T. Morgan is a name that should be familiar to virtually all collectors of American coins. Much has been written about the coins that he designed, most famously the Morgan Silver Dollar, as well as a number of classic commemoratives and many medals struck at the Philadelphia Mint. This article will take a look into the life and work of the man, who can easily be considered to be one of the most proficient engravers ever to have worked at the US Mint.

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Navy Lieutenant Boasts 1,800 Military Coins

February 16, 2013 in Coins, Collecting, Commemorative, Military Coins

Feb 15, 2013

Navy News | by Rebecca A. Perron (http://www.military.com)

Virginia Beach, Va. — For many service members, transferring from a command means packing up a box or two with family photos and some knick-knacks that once sat on a desk, but for Lt. Carmelo Ayala, who transferred from Branch Health Clinic Oceana on Feb. 13, it meant packing up more than 1,800 military coins.

Ayala, the former head of the Primary Care Clinic at the branch health clinic, began collecting military coins more than 25 years ago, accumulating them over the years and keeping them on display in his office.

His main display rack holds at least 1,300 coins, his secondary about 300. Several smaller racks he kept on his desk hold between 20 and 50. Although he hasn’t counted them in a while, he estimates there are at least 1,800 in the collection – a number that grows by the day.
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Why Buying Silver Coins is One of the Hottest Trends of 2013

February 15, 2013 in Coins, Investing, Silver, Silver Coins

Money Morning Staff reports– February 14, 2013 (http://moneymorning.com)

So far in 2013, buying silver coins has been one of investors’ favorite ways to profit from a climb in the white metal’s price.

The demand for physical silver from small investors in the form of coins is really remarkable. A record 7.5 million ounces of silver coins were sold in January.

In mid-January, the U.S. Mint was forced to announce that it was forced to suspend sales of the 1-ounce American Eagle silver bullion coins because, after just two weeks, it was sold out of its entire inventory.

Silver bullion coin sales were strong going into the close of last year as investors became concerned over the state of the U.S. economy with Congress debating the fiscal cliff and the debt ceiling.

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Evanston coin dealer gets probation for stolen goods

February 14, 2013 in Coins, Gold, Gold Coins, Silver, Silver Coins

February 08, 2013|By Brian L. Cox | Special to the Tribune (http://Articles.ChicagoTribune.com)

An Evanston rare coin dealer has pleaded guilty to buying thousands of dollars worth of purportedly stolen coins, jewelry, watches and other valuables from undercover police officers posing as burglars, according to court records.

James Coello, 47, of Chicago, pleaded guilty to “continuing a financial crimes enterprise” on Wednesday. Cook County Circuit Court Judge Garritt Howard sentenced him to 36 months of probation, 100 hours of community service, plus fees and fines, according to court records.

Coello originally had pleaded not guilty, but changed his mind on

“Basically it was a plea bargain,” Coello said when contacted by phone today. “They basically kept the property they seized from my safe, which was basically all coins.”

Coello declined to discuss further details of the charges or his plea bargain.

“You’d have to talk to my lawyer about that,” he said. “I don’t really know the many machinations of how this works. All I know is I paid a lawyer and he pretty much took care of everything.”

Coello, who owned and operated North Shore Coins at 1501 Chicago Avenue in Evanston, was arrested in September after he was recorded by undercover police buying thousands of dollars worth of purportedly stolen merchandise that included watches, gold and silver rings, coins, necklaces, and other valuables, authorities said.

They said that on Sept. 25, Evanston police and the Cook County State’s Attorney’s office executed a search warrant on North Shore Coin and recovered property that had been reported stolen in recent area burglaries.

Evanston police initiated their investigation approximately six months before Coello’s arrest when information was developed that merchandise stolen in residential home burglaries was being purchased at Coello’s store, authorities said.

They said undercover officers, posing as burglars, brought items into North Shore Coin to sell, and that during their conversations the officers mentioned to Coello that the merchandise was stolen.

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Atlantic County Numismatic Society can put a bit of history into your hand

February 13, 2013 in Coins, Collecting, Gold, Gold Coins, History, Numismatic Societies and Clubs, Numismatics, Silver, Silver Coins, USA Coins, World Coins

By CAITLIN HONAN, Staff Writer (http://www.pressofatlanticcity.com)

A coin, so often jingling at the bottom of a bag or buried under layers of sand, carries a world of meaning beyond its simple monetary value – at least to the Atlantic County Numismatic Society, a nationally recognized group of coin collectors who meet the first Wednesday of every month at the Linwood Public Library.

But for the society, it’s not about “putting coins into holes in a chart.” It’s about learning the history, the design and the economics behind each piece.

“It’s history you can hold in your hand,” the society’s treasurer, Bill Klusaritz, often says, quoting an educational video on numismatics.

ACNS does not want its knowledge, along with its impressive collections, members said, to seem exclusive. The group hopes to spread its wisdom to include local middle schools, high schools and Scout troops – a task they’ve already begun.

“We are trying to introduce it to younger (people),” Jerry Francisco, ACNS president, said, noting that the goal of the society is “to show, to share (and) to trade.”

Recently, the region’s Boy Scouts, including Somers Point Troop 62 and Northfield Troop 72, teamed with the ACNS to acquire the Boy Scout coin-collecting merit badge.

“The merit badge exposes the Scouts to history, art, politics and the value of different metals, while teaching the patience of collecting,” Philip Holmer, a unit commissioner for the Jersey Shore Council of the Boys Scouts and member of the ACNS said.

The Scouts learn about grading, handling and determining the rarity and value of coins, the Northfield resident added.

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Why Jim Rogers Is Hoarding Gold And Silver

February 13, 2013 in Coins, Gold, Gold Bullion, Gold Coins, Investing, Money, Precious Metals, Silver, Silver Coins

February 12, 2013 BY JARED CUMMANS (http://commodityhq.com)

Jim Rogers has never been shy about vocalizing his love of precious metals. Though he has some cautionary sentiment about short-term gold prices given their 12-year bull run, the legendary investor still remains optimistic about the long-term future of both silver and gold. Rogers feels that investors should be loading up on silver and gold coins right now as he notes that they have surged in popularity and that mints have been consistently selling out of silver coins because investors are worried about the future

Record Purchases

Rogers’ opinions seem to reflect those of the masses, as January saw a record 7.5 million ounces of silver coins sold, according to Money Morning‘s Bern Gersten. Gersten also notes that “150,000 ounces of American Eagle gold coins were sold in January, the highest monthly total since July 2010.” Thus far, silver investors have been rewarded in 2013 as themetal has gained more than 5% YTD while gold has been able to rake in meager gains of 0.1%.

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More counterfeit euro coins discovered in 2012

February 12, 2013 in Coins, Counterfeit, Euro Coins

BRUSSELS | Mon Feb 11, 2013 (http://www.reuters.com)

(Reuters) – The euro’s reputation may have taken a hit during the three-year-long euro crisis but the European single currency remains popular with counterfeiters.

The number of counterfeit euro coins removed from circulation increased by 17 percent to 184,000 in 2012, with a face value of at least 290,000 euros, the European Commission said in a statement on Monday.

About 531,000 banknotes were taken out of circulation last year, according to the European Central Bank, which did not give a face value for the notes.

Around 80 percent of the fraudulent coins by value were 2-euro pieces while 20 and 50-euro notes are most commonly forged.

Last week, the Commission proposed increasing sanctions against counterfeiters by introducing a minimum six-month jail sentence in serious cases.

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CNNMoney: States Consider Accepting Gold, Silver Coins as Tender

February 8, 2013 in Gold, Gold Coins, News, Silver, Silver Coins, USA Coins

Thursday, 07 Feb 2013. By Michael Kling. (http://www.moneynews.com)

Concerned about a collapse of the dollar, a growing number of state legislators are urging their states to issue their own currencies.

Politicians in 13 states in all are pressing their states to either allow or consider alternative currencies, according to CNNMoney. Proponents — generally Tea Party members and conservative Republicans — worry that the Federal Reserve’s easy monetary policy will cause hyperinflation like Germany’s Weimar Republic after World War I.

The Constitution prohibits states from printing paper money or issuing their own currency, but says they can make “gold and silver coin a tender in payment of debts.” So states are eyeing gold and silver coins

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Huge haul of gold coins discovered in Champagne

February 6, 2013 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, Treasure, USA Coins

Monday 4 February 2013. By: Richard Woodard (http://www.decanter.com)

A ‘modest’ Champagne worker who chanced upon a US $1M collection of gold coins stands to pocket half the proceeds when the treasure is auctioned later this year.

The employee of Champagne Lanson was remodeling a former grape-drying facility in Les Riceys last February when several of the coins ‘rained down’ on him, according to auction house Bonhams.

The collection proved to contain 497 American $20 coins, minted between 1851 and 1928, and untouched for nearly a century.

How they came to be in a vineyard building in the south of Champagne remains a mystery, but Bonhams.said the former owner of the building was a wine producer who had traded with the US in the 1930s.

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Numismatics on your mind?

February 6, 2013 in Coins, Collecting, Gold, Gold Coins, Nickel Coins, Numismatica, Numismatics, Paper Money, Silver, Silver Coins, USA Coins

February 5, 2013 by Bob Schreiner (http://www.lib.unc.edu) (University of North Carolina)

North Carolina Miscellany.

It’s not often that a story about numismatics makes the front page of the News and Observer, but it happened recently in the article “Humble Nickel from 1913 Likely to Fetch Millions.”

What’s numismatics, you ask? You aren’t the only one! It’s the collecting and study of coins and other types of money. What’s so interesting about money, other than nagging questions about whether one has enough of it? The N & O article is about a “trophy” coin: rare and highly desired by collectors with deep — very deep — pockets. Part of the appeal of this 1913 nickel is the mystery of how it was produced, the story of the North Carolinian who once owned it and then lost it, and of course its very high value.

But many pieces of currency have interesting stories to tell. Did you know that during the Civil War the State of North Carolina produced hundreds of varieties of paper money, denominated from five cents through $100? These are not the better-known paper money issued by the Confederacy. Both Confederate and state currencies confusingly circulated together to provide North Carolinians a medium of exchange. But the effort was not entirely successful. The paper money had no intrinsic value and was subject to counterfeiting, inflation, and discounting.

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Canada phasing out one-cent coins

February 5, 2013 in Canadian Coins, Coins, World Coins

Tuesday, 05 February 2013 by: (http://www.rte.ie) Rte News /World

Canada has started phasing out its one-cent coins, described last year as a nuisance by Finance Minister Jim Flaherty.

The Royal Canadian Mint has officially ended its distribution of the coins to financial institutions.

While people may still use the coins, the government has issued guidelines urging store owners to start rounding prices to the nearest five cents for cash transactions.

Electronic purchases will still be billed to the nearest cent.

The government has said the cost of the cent exceeds its monetary value with  production at $11m a year.

The coins, which feature two maple leaves and Queen Elizabeth II in profile, will remain legal tender until they eventually disappear from circulation.

Opposition New Democrat Member of Parliament Pat Martin gave a poetic goodbye to the coin in Parliament yesterday.

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