You are browsing the archive for 2013 June.

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Who was Augustus Saint-Gaudens?

June 28, 2013 in Art, Coins, Design, Education, Numismatica, Numismatics, USA Coins

A new post today by Dennis Hengeveld at http://news.coinupdate.com gives a good answer to that question and provides several relevant pictures. Good read!. Highly recommended. Here is the link>

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Limited Mintage Doctor Who 50th Anniversary 1 oz Silver Proof Coin

June 28, 2013 in Coins, Commemorative, New Zealand Coins, Numismatica, Numismatics, Perth Mint, Proof Coins, Silver, Silver Coins

June 26, 2013 By Michael Zielinski (http://news.coinupdate.com)

Limited mintage coins have been produced to celebrate the 50th anniversary of Doctor Who, a British science fiction television show about the adventures of a time traveling humanoid alien who explores the universe in a TARDIS (Time and Relative Dimension in Space). Produced by the BBC, Doctor Who is the longest running science fiction television series in history.

Full article at source>

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Central Bank of Ireland issues John F. Kennedy collector coins

June 27, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, Irish Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins

10 and 20 Euro Irish John F. Kennedy Commemorative Gold and Silver coins

10 and 20 Euro Irish John F. Kennedy Commemorative Gold and Silver coins

27 June 2013 by Post Reporter (http://www.businesspost.ie)

The Central Bank of Ireland has launched two collector coins to mark the 50th anniversary of President John F. Kennedy’s visit to Ireland.

A €10 silver coin and a €20 gold coin both feature an iconic portrait of John F. Kennedy, who becomes the first President of the United States to appear on an Irish coin.

Both coins were designed by Tom Fitzgerald and have an issue limit of 35,000 units; 25,000 units of the €10 silver coin and 10,000 units of the €20 gold coin.

Full article at source>

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US Mint Sales Report: Gold Numismatic Products Broadly Slower

June 26, 2013 in Coins, Collecting, Gold, Gold Coins, Gold Eagles, News, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

June 25, 2013 By Michael Zielinski (http://news.coinupdate.com)

The sales levels for the United States Mint’s numismatic gold products were broadly slower in the latest weekly numismatic product sales report. The recently released 2013 Kennedy Half Dollar bags and rolls make their debut appearance.

For the weekly period ended June 23, 2013, 15 out of the 18 numismatic products containing gold or platinum coins had slower sales compared to the prior period. Of the remaining products, two showed an increase by single digit numbers and one was unchanged. The slow down is no doubt prompted by the sharp decline in the market price of precious metals which occurred during the week

The US Mint utilizes a flexible pricing policy for its gold and platinum numismatic products whereby prices may be adjusted as frequently as weekly in response to changes in the market prices of the underlying metals. Since the adoption of the policy, collectors have shown a tendency to time their purchases in order to take advantage of better pricing. As such, sales figures will often ebb and flow in response to precious metals prices. For the present period, many collectors may have delayed their purchases since a price decrease is expected to take place tomorrow.

Full Article at source>

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Flipper – A Numismatic Definition

June 26, 2013 in Coins, Collecting, Education, Investing

By James Bucki, About.com Guide

Check the definition of Flipper right here> (hint: it’s not a famous dolphin’s name…)

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Deutsche Bank cuts gold, silver forecast for 2013

June 26, 2013 in Gold, Investing, Precious Metals, Silver

By Sara Sjolin (http://www.marketwatch.com)

LONDON (MarketWatch) — Deutsche Bank on Tuesday cut both its short-term and long-term forecasts for most metals, citing slower-than-expected recovery in China. The bank cut its outlook for gold for 2013 6.7% to $1,431 an ounce and slashed the 2014 forecast 10.8% to $1,338. For the third quarter of 2013, the analysts see gold prices around $1,350, down 10% from their previous forecast. For silver, the outlook was lowered 17.3% to $21.40 an ounce for the third quarter, while the 2013 forecast fell 9.9% to $24.10. The bank slashed its copper forecast 5.1% to $3.36 a pound for the third quarter.

Full article at source>

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Legend Numismatics Market Report and Hot Topics

June 24, 2013 in ANA (American Numismatic Association), Coin Shows, Coins, Collecting, Gold, Gold Coins, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Precious Metals, Proof Coins, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

Legend Numismatics Market Report and Hot Topics are Online. Check them out!.

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Myths About Precious Metals

June 24, 2013 in Coins, Currency, Gold, Gold Bullion, Gold Coins, Investing, Precious Metals, Silver, Silver Coins

By: Brett Bogus | Jun 22, 2013 (http://townhall.com)

Often in reading articles and economic research, I find a number of different repeating myths and misunderstandings that seem to perpetuate an unfortunate outlook on investing in precious metals and rare coins.  Some of these are based in partial truths while others are based in complete fiction or a gross misunderstanding of where gold, silver, platinum, and palladium belong within a diversified portfolio.  While I don’t expect to be able to discuss all of them, I can touch on a few of them that I’ve seen just today.

Full article at source>

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A bad penny? New coins and nickel allergy

June 24, 2013 in British Coins, Coins, Health, Nickel Coins, UK Coins

By Anna Lacey BBC Health Check (http://www.bbc.co.uk)

Tests suggest people with a nickel allergy can be at increased risk when handling the UK’s new 5p and 10p coins.

The coins, introduced in January 2012, caused a complete shake-up in the world of small change.

Instead of the copper-nickel alloy that’s been weighing down our pockets since 1947, new 5p and 10p pieces will be made from steel and coated with a layer of nickel.

To the untrained eye, there’s very little difference. They’ve got the same silver shine and the same jangle.

But for the 10% of the population who suffer from a nickel allergy, they could feel very different indeed.

Concerned dermatologists wrote to the British Medical Journal after the coins were released to call for a proper assessment of the health risks.

Full article at source>

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New Android App for Collectors of US Coins

June 23, 2013 in Android Apps, Coins, Collecting, Education, News, Numismatica, Numismatics, USA Coins

Adina Duta from Allnumis.com just informed us of a new Android application for collectors of US Coins.

Here is the link to the article that has both the full description and the links to both the Amazon.com app store and the Google Play Appstore where you can download the Application.

They have similar apps for  with coins from Canada, Denmark, Sweden, Hungary and Romania and other countries will be added progressively.

Allnumis.com is a collaborative catalog for coins, banknotes, community currencies, postal orders, bullion, tokens, medals, postcards, phone cards, stamps and pins. Our online platform provides free of charge tools so you can manage your personal collection, trade/swap list and wish list and also to sell your collectibles in auctions.

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The Fisch Gold, Silver and Platinum coin validator

June 20, 2013 in Coin Validators, Coins, Counterfeit, Fake Coins, Gold, Gold Coins, Platinum, Platinum Coins, Silver, Silver Coins

I have just added to the resource page a link to the Fisch Gold Silver and Platinum coin validator or checker. In our opinion a very good tool to detect counterfeits.

There are videos and diagrams that clearly explain how it works. Worth the time to check out.

How the Fisch works for Gold and Platinum coins, <Click here>

How the Fisch works for Silver coins <Click here>

The Fisch Website is http://www.thefisch.com

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Inside Bitcoins the future of virtual currency. (Event June 30th, 2013)

June 19, 2013 in Bitcoin, Conventions, Education, Seminars, Virtual currency

Explore the Future of Bitcoins and Cryptocurrency

Virtual currencies are taking off, as platform and processing systems become more reliable and traditional merchants begin to adopt new forms of payment. The Inside Bitcoins conference and expo on July 30 will explore key issues including the future of currency, FinTech business trends, investment strategies and opportunities, and more. The program is designed to provide an overview of where the virtual currency industry is today and what business opportunities are on the horizon.

Click here for official website (Early Bird rates before June 20th)

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Gold Coins and Silver Coins Found Buried Under A House

June 19, 2013 in Antique Coins, Coins, Gold, Gold Coins, Inheritance, Precious Metals, Silver, Silver Coins, Treasure, USA Coins

June 18, 2013 (http://www.kirotv.com)

The doors to the Bellevue store opened and in walked a family — mother, father and three children — absolutely covered in dirt. “Even their car was dusty,” says Adam Richey of West Seattle Coins and Bellevue Rare Coins. “They walked in with these filthy paint buckets in their hands, all of them giddy and grinning.”

Adam asked, “Where did you get all this?” and the father answered, “Well, we dug it up!” The family began opening the paint cans and telling him their story. Their children’s grandparents had recently passed away, and as part of their will they left a map and blueprint of the house they’d built decades earlier. On the map were the details of where to find the treasure that the grandparents had buried before building their home.

Full article at source>

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Circulating Coins Production Figures (From the USMint.gov)

June 19, 2013 in Coins, US Mint, USA Coins

From the USmint.gov Website:

The data below provides production figures for circulating coins as classified by denonination as well as by program.

  • Cumulative figures are updated monthly.
  • Data includes both active and inactive programs.
  • Presidential $1 Coins, Native American $1 Coins and Kennedy Half Dollar Coins are currently only minted for numismatic products.
  • Coins minted for numismatic bags, rolls, and boxes are produced in the circulating departments of the United States Mints at Philadelphia and Denver, and may be shown in circulating totals.

Link to selection page> (you may select by program and by year, excel and html files)

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Apple to create virtual currency ‘iMoney’

June 19, 2013 in News, Virtual currency

By William McCanless. June 7, 2013 (http://www.coindesk.com)

Yesterday, the U.S. Patent and Trademark Organization published a patent application from Apple for – wait for it – iMoney. Apple looks to get into the digital currency game in a way similar to Amazon Coins. The patent is a combination of virtual currency and digital wallet technology. It allows users to store money in the cloud and make payments with their iPhone.

Full article at source>

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U.S. Mint Sales of Silver Coins Reach Record in First Half

June 18, 2013 in Coins, Gold, Gold Coins, News, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

By Debarati Roy – Jun 17, 2013 (http://www.bloomberg.com)

Sales of silver coins by the U.S. Mint are heading for the best start to a year since at least 1986 as prices slumped.

Sales in 2013 have reached 24.03 million ounces, according to data on the mint’s website. That’s the highest for the first six months of a year since records begin. Demand reached a monthly all-time high of 7.5 million ounces in January.

Demand remains at an “unprecedented level,” and sales of gold and silver coins may reach an annual record this year, Richard Peterson, the acting director of the mint, said on June 5. Silver coin sales were suspended in January for more than a week because of a lack of inventory. In April, purchases more than doubled from a year earlier after prices tumbled into a bear market.

Full article at source>

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PCGS Shanghai Office To Open July 20, 2013

June 15, 2013 in Coins, Collecting, News

June 14, 2013. By Coin Update (http://news.coinupdate.com)

In a historic event that has the potential to significantly expand the already rapidly-growing coin collecting market in China, “Professional Coin Grading Service, Collectors Universe (Shanghai), Ltd. (上海品吉伟仕商务服务有限公司)” will officially open on July 20, 2013.

“The opening of the PCGS Shanghai grading center (www.PCGS.com.cn) and our strategic partnership with Shanghai Quanping Collectables Co. Ltd. are the beginnings of an important new era for all collectors and dealers in China,” said Mr. Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).

“The coin collecting community in mainland China now will be able to easily use the services of the world’s leading coin grading service.  Coins that are certified and housed in the PCGS Gold Shield holder are guaranteed to be authentic and properly graded.  Collectors and dealers know that the PCGS certification helps maximize the value and the liquidity of their coins,” Mr. Willis emphasized.

Full article at source>

 

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Falklands and Ascension coins to commemorate the life of Lady Thatcher

June 14, 2013 in British Coins, Coins, Commemorative, English Coins, Gold, Gold Coins, News, Nickel Coins, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

June 13th 2013. South Atlantic News Agency. (http://en.mercopress.com)

The Falkland Islands and Ascension Island have released two coins from Pobjoy Mint to commemorate the life of former British Prime Minister Baroness Thatcher who passed away at the age of 87 on 8 April 2013.

Known as the Iron Lady, Margaret Thatcher became Britain’s first and only female Prime Minister as well as the longest serving Prime Minister of the 20th Century and was honored with a ceremonial funeral with full military honors at St Paul’s Cathedral, the only politician to be granted such a tribute since the death of Winston Churchill in 1965.

Born in 1925, the daughter of a grocer, she studied chemistry at Oxford but was involved in politics from an early age. She was elected leader of the Conservative Party in 1975 and made history four years later, becoming Prime Minister when the Conservatives won the elections of 1979, the first of three victories under her leadership. As Prime Minister she took a firm stance with the European Community and also on other issues, both domestic and foreign and thus transformed the nation.

Full article at source>

Link to product page at islandstampsandcoins.uk

 

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Re-Introduced COINS Act Seeks to Replace $1 Bills With $1 Coins

June 13, 2013 in Coins, Currency, News, Numismatica, Numismatics, USA Coins

June 12, 2013 By Michael Zielinski (http://news.coinupdate.com)
A bipartisan group of Senators has re-introduced a bill which seeks to improve the circulation of $1 coins and remove barriers to their use, which would eventually set the stage for the $1 coin to replace the $1 Federal Reserve Note as the only $1 monetary unit issued and circulated by the Federal Reserve System.
The bill S. 1105: Currency Optimization, Innovation, and National Savings (COINS) Act was introduced on June 6, 2013 by Senators Tom Harkin of Iowa, John McCain of Arizona, Mike Enzi of Wyoming, Tom Coburn of Oklahoma, and Mark Udall of Colorado. In the 112th Congress, similar bills had been introduced by bipartisan groups in both the House of Representatives and Senate, but failed to become law.
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Oldest Charlemagne coin in Norway

June 12, 2013 in Ancient Coins, Antique Coins, Archaeology, Coins, History, Silver, Silver Coins, World Coins

By: Tove Eivindsen June 10, 2013 (http://sciencenordic.com)

Article from NTNU Trondheim – Norwegian University of Science and Technology

An archaeological dig in Trondheim, Norway turned up quite a surprise last week, when a 1200-year-old coin was unearthed – the oldest coin from the Carolingian period ever found in Norway.

The coin was found at Ranheim, which lies just north of the city of Trondheim, in mid-Norway. Trondheim is the country’s third largest city and became an important pilgrimage centre starting in medieval times.

“We are looking for traces of a farm called Vik, mentioned in historical sources and recognised in surrounding place names,” says Geir Grønnesby, an archaeologist and head of the dig, from the Norwegian University of Science and Technology’s (NTNU) University Museum.

Full article at source>

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Bitcoin Millionaires Become Investing Angels

June 12, 2013 in Bitcoin, Digital Currency, Investing, Virtual currency

Early investors in Bitcoin got rich. Now they are the cryptocurrency’s most powerful gatekeepers.

By Tom Simonite on June 12, 2013 (http://www.technologyreview.com) MIT Technology Review.

Every time you spend bitcoins to buy a drink at Evr, a swanky bar in midtown Manhattan that accepts the digital currency, you make its co-owner, Charlie Shrem, just a little bit richer.

And that’s not only because a chamomile sour costs $17 (or 0.16 bitcoins). It’s because whenever someone new uses bitcoins, the electronic currency’s value tends to increase. Shrem has bought thousands of bitcoins for about $20 each, starting in 2011. Since then, the digital coins have soared in value to $109.

That’s turned the 23-year-old into a millionaire and into one of a handful of early bitcoin investors who’ve decided to sink their windfalls back into the bitcoin economy, starting their own companies and investing in others.

 Full post at source>

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US Mint Sales Report: New Products Make Their Debut

June 11, 2013 in Coins, Collecting, Commemorative, Gold, Gold Bullion, Gold Coins, Gold Eagles, News, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

June 11, 2013 By Michael Zielinski (http://news.coinupdate.com)

Several recently released products make their debut on the latest weekly US Mint numismatic sales report. This includes the 2013 Uncirculated Coin Set, 2013-P Perry’s Victory and International Peace Memorial Five Ounce Silver Coin, and 2013-W Uncirculated Gold Eagle. The 2013 West Point Silver Eagle Set concluded sales during the period covered by the report, with a surge in last minute orders.

The 2013 Uncirculated Coin Set or “2013 Mint Set” went on sale June 4, 2013. Each set includes 14 uncirculated coins each from the Philadelphia and Denver Mints packaged in two separate folders. This represents one of the Mint’s three core annual set offerings that enjoy broad popularity with collectors. Through the reporting date of June 10, sales have reached 157,783 units. This represents a slightly slower start compared to last year’s set which had debuted at 164,459 units.

Full article at source>

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How to Start a Coin Collection

June 11, 2013 in Coins, Collecting, Ebay, Education, Gold, Gold Bullion, Gold Coins, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, USA Coins

By: Charlie (http://www.threethriftyguys.com)

About seven years ago I started collecting rare coins after reading Robert Kiyosaki’s recommendation to buy silver. Without knowing where to start at, I decided to buy coins that I saw my dad collect while he was growing up.

During my youth, my dad always had this old black vinyl box with red satin lining that he kept all his old coins, wedding rings, and other valuable trinkets (it always had a distinct musty smell in it too). Every so often I’d sift through his coins, not really knowing what I was looking, but admiring the heavy silver coins he collected. Primarily, he collected Morgan Dollars (1878-1921) and a few of the Peace Silver Dollars (1921-1935).

Full article at source>

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Rietveld Schröder House Gold and Silver Coins Next in Dutch Heritage Series

June 11, 2013 in Coins, Collecting, Commemorative, Dutch Coins, Gold, Gold Coins, News, Precious Metals, Silver, Silver Coins

June 10, 2013 By Michael Alexander (http://news.coinupdate.com)

The Royal Dutch Mint have unveiled (6th June) the designs of two new coins in the “Dutch heritage” series which began last year. The Kingdom of the Netherlands celebrates its bi-centenary in 2015 when the modern Kingdom was created after the defeat of Napoleonic forces in 1813. Prince William of Orange landed in the coastal city of Scheveningen in 1813 and headed a government which eventually resulted in the formation of the United Kingdom of the Netherlands – including the territory of present-day Belgium who, eventually ceded from the union in 1830.

This series will include a total of nine coins which will mark specific events, personalities and anniversaries during the next eight years (2012 to 2020) The first set of coins, the Amsterdam Canal Belt Gold and Silver Coins, which began the new series were issued in October 2012. The latest theme, the Rietveld Schroderhuis coins, are the second issue. The third coins will highlight the Kinderdijkse Mills. The first three sets of coins in this series have all been designed by Tine Melzer.

Full article at source>

 

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How to Collect and Store Coins

June 11, 2013 in Coins, Collecting, Education, Numismatica, Numismatics

By Coins Magazine. June 10th, 2013 (www.numismaster.com)

Numismatics, the hobby of kings, began to catch on in the United States in the mid-1800s. In 1858, the Numismatic and Antiquarian Society in Philadelphia and the American Numismatic Society in New York City were organized. A decade or so earlier, there had been perhaps no more than a dozen serious collectors of coins this side of the Atlantic.

Coin-collecting interest expanded rapidly in the late 1800s and the early 1900s, as America’s frontiers became settled and Americans became more interested in the arts. The first truly national hobby organization, the American Numismatic Association, was established in 1891, and several numismatic periodicals flourished during the period.

Full article at source>

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