You are browsing the archive for 2013 September.

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As He Clips Our Coins, Bernanke Steals A Page From Nero’s Playbook

September 27, 2013 in Currency, Education, History, Investing, Politics, US Federal Reserve

Op Ed from (www.Forbes.com) By Keith McCullough Sep, 25th, 2013.

In 64 A.D., in a naïve attempt to deceive the populace, Nero decreased the silver content in the coins and made silver and gold coins slightly smaller” (The History of Money, pg 52)

As the quote above reveals, central planners have been clipping coins and devaluing the The People’s hard-earned currency for at least two thousand years.  The Roman Emperor Nero of course devalued the Roman currency for the first time in the Empire’s history. What was it that gave both the Roman and Ottoman Empires the audacity to plunder the purchasing power of their people?

After 200 years of operating as an independent bank, what made the British Empire so soft that it felt the need to socialize (nationalize) the Bank of England in 1946? What was the US “Free-Market” Empire and why have we empowered the Fed to change it?

If you disregard the vacuum of history in which Ben Bernanke thinks (the 1930s) and contextualize the moment his Fed currently occupies (within the construct of long-term history, which will ultimately judge Bernanke when he’s long gone), it’s getting scary again. But you probably already knew that. The sad thing is that some of his Fed heads do too.

Full article at source>

 

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Royal Canadian Mint Offers Second $100 for $100 Silver Coin

September 25, 2013 in Canadian Coins, Coins, Coins for sale, Commemorative, News, Numismatica, Numismatics, Royal Canadian Mint, Silver, Silver Coins, World Coins

September 24, 2013 By Michael Zielinski (http://news.coinupdate.com)

The Royal Canadian Mint has started accepting orders from the general public for their second “$100 for $100” silver coin. The first release of the series had proven

Canada $100 for $100 Fine Silver Coin - The Grizzly (2014)

Canada $100 for $100 Fine Silver Coin – The Grizzly (2014)

popular with collectors and achieved a quick sell out.

The second release for the series carries the “2014” date and features a detailed depiction of the Grizzly in motion as it splashes through the water clutching a salmon in its jaws with the “100 Dollars” face value below. The reverse design was created by Claudio D’Angelo. The obverse of the coin features the Susanna Blunt portrait of Queen Elizabeth II.

Each coin is struck in 1 troy ounce of 99.99% pure silver with a matte proof finish and diameter of 40 mm. There is a mintage limit of 50,000 pieces for this release and an ordering limit of 3 coins per household.

The pricing for this issue is $100 CAD, which is the same amount as the face value of the coin.

Many collectors have welcomed the opportunity to acquire 99.99% pure silver coins for their legal tender face value. Prior to the launch of the “$100 for $100” coin series, the Royal Canadian Mint had found success with their still ongoing “$20 for $20” coin program, which featured smaller sized silver coins with higher mintage limits. The early issues of the series achieved rapid sell outs and one of the coins won a Coin of the Year Award for Best Silver.

Full article at source>

 

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Rare American ‘Stella’ gold coin sells for 2.5 million USD

September 24, 2013 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, USA Coins

By: Anthony Halley | September 24, 2013 (http://www.mining.com)

A rare US four dollar ‘Coiled Hair Stella’ gold coin from 1880 was auctioned at Bonhams in Los Angeles on Monday, eventually selling for $2.5 million, $1 million more than expected.

The coin contains six grams of pure gold. It was never released into circulation, unable to garner sufficient public support.

“The 1880 $4 Coiled Hair Stella is one of the so-called white whales of the coin collecting world. They are so rare, they come on the market maybe once or twice, at most, every decade,” said Paul Song, director of rare coins at Bonhams.

Complete article photo and video at the source>

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Coins and stamps now more profitable than art and wine

September 24, 2013 in Antique Coins, Art, Coins, Collecting, Investing, Numismatica, Numismatics, World Coins

Interview by Mark Garrison (http://www.marketplace.org)

There’s a special category of assets called ‘passion investments.’ This includes fine art, wine and other collectibles. It’s high glamour, high cost and also high risk, which is why it’s mostly the realm of the super-rich. Jason Karaian, senior Europe correspondent at Quartz, says there are some interesting new trends in this arena. Classic cars are fetching a lot of money right now, and coins and stamps are doing especially well — better than fine art, wine and jewelry. He says the shift could point to a number of things, but it’s worth noting that these items have a more ‘geekier’ image associated with them.

Full article and audio Interview at source>

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Thrupenny bit bearing the head of King Edward VIII before he abdicated his throne to marry Wallis Simpson on sale for £30,000

September 20, 2013 in Antique Coins, Auctions, Brass Coins, British Coins, Coins, Coins for sale, Collecting, Commemorative, History, News, Numismatica, Numismatics, Rare Coins, The Royal Mint, UK Coins

  • Royal Mint made the 12-sided coin dated 1937 after King George V died

  • Prince Edward succeeded his father but abdicated before his coronation

  • He was succeeded by his brother, King George VI, in December 1936

By SUZANNAH HILLS 17 September 2013 (http://www.dailymail.co.uk)

An incredibly rare coin bearing the likeness of King Edward VIII which was made before he famously abdicated his throne has emerged for sale for £30,000.

The 12-sided coin, worth just threepence when it was made, was an experimental piece produced by the Royal Mint after the death of King George V.

Edward automatically succeeded his father but abdicated before his coronation so he could marry American divorcee Wallis Simpson.

Full article at source>

 

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Winklevoss twins: Bitcoins better than gold

September 20, 2013 in Bitcoin, Digital Currency, Gold, Investing, News, Virtual currency

By Maureen Farrell   @CNNMoneyInvest  (http://money.cnn.com) September 17, 2013

NEW YORK (CNNMoney)

Tyler Winklevoss, one half of the duo known in popular culture as the Winklevii, thinks that the cybercurrency Bitcoin may be a better long-term bet than gold.

“It’s gold 2.0,” he said in a presentation at the Value Investing Conference in New York Tuesday.

Tyler and his brother Cameron, who shared the stage, outlined the bull case for bitcoins. They have been investors and are aspiring Bitcoin entrepreneurs. The twins recently filed paperwork with the SEC for a Bitcoin exchanged traded fund.

Full article at source>

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Hua Xia Bank introduces five gold and silver coin ATMs in Beijing

September 20, 2013 in China Coins, Coins, Gold, Gold Coins, News, Silver, Silver Coins, World Coins

People in Beijing can now buy gold or silver coins at ATMs after the Beijing-based Hua Xia Bank introduced five of the machines earlier this month, according to Hong Kong’s We Wei Po.

The bank installed the five machines at its branches across the city in Xidan, Fangzhuang, Zhongguancun, Dongdan and on Qingnian Road.

The ATMs look like ordinary teller machines but have an additional compartment to dispense the gold and silver coins. The machines currently offer panda souvenir gold or silver coins and Year of the Snake silver coin and plate sets.

A single 1-oz panda silver coin priced at 268 yuan (US$40) is the cheapest item available, while the panda gold coin set is the most expensive at 23,800 yuan (US$3,800).

Full article at source>

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Markham Numismatics Announces They Will Now Pay Finder Fees to Complete Important Coin Sets

September 18, 2013 in Coins, Collecting, News, Numismatica, Numismatics, Press Releases

Markham Numismatics Looking Toward the Public to Help Complete Important Coin Sets

Moreno Valley, CA (PRWEB.com) September 18, 2013

Markham Numismatics is a rare coin dealer located in Southern California that actively seeks out rare coin collections to complete their clients’ sets. The company has over 25 years of experience in grading and pricing coins throughout the entire state of California.

Markham Numismatics is currently looking for coin sellers who may have sets of rare and valuable coins ready to sell coins fast. They are planning to pay large amounts in finder’s fees for anybody who owns such a coin collection or knows a coin collection seller ready to do business with Markham Numismatics.

Types of coin sets that this coin dealer is currently interested in includes the flying eagle sets(proof coins included), Indian head penny sets (proof included), Lincoln cent sets (uncirculated), two-cent piece sets (uncirculated and proofs), three-cent silver set, three-cent nickel set (proof included), seated quarter set, seated dollars (proof and uncirculated), trade dollar set (proof and uncirculated), Morgan dollar set(proof and uncirculated), Peace dollar set (uncirculated) and many others.

Full press release at source>

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Australians can now buy beer in bitcoin at Sydney pub

September 17, 2013 in Bitcoin, Currency, News, Virtual currency

September 16, 2013 By: Louise Goss (http://www.coindesk.com)

One of Sydney’s more ancient and traditional pubs is the unlikely place to be trialling one of the newest and innovative technologies of the modern day.

Forget sleek, contemporary and stylish, The Old Fitzroy is as character-filled as they come and is now Australia’s first known pub to start accepting bitcoin.

Publican Garry Pasfield will start taking bitcoins at the bar from 29th September, at a launch event he is dubbing ‘Beer for Bitcoins.’

He made the decision to accept the currency after hearing so much about it from his brother, and learning about it from members of Sydney’s bitcoin meetup groups. He is now hoping to capitalise on the Sydney market by becoming the first bricks and mortar business in the city to take a virtual currency.

Located in the heart of the former working-class neighbourhood of Wooloomooloo, the pub is steeped in history and operates as a hotel as well as having a small theatre out the back.

Full article at source>

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What’s the Deal with Bitcoins Anyway?

September 16, 2013 in Bitcoin, Currency, Digital Currency, Education, Money, Virtual currency

Short video 2:05 Min that explains what Bitcoin is: (By: Ebay Deals)

If you want to dig a little deeper check Numismatica.com category Bitcoin by clicking here

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Divers find unexpected treasures among coins in shipwreck off Dominican Republic

September 15, 2013 in Antique Coins, Archaeology, Coins, History, News, Numismatica, Numismatics, Press Releases, Rare Coins, Ship Wrecks, Silver, Silver Coins, Treasure, Treasure Hunting

TAMPA, Fla., Sept. 12, 2013 /PRNewswire/ — A Florida based treasure hunting firm has discovered a 450-year-old ship that wrecked off the Dominican coast. Among its valuable cargo — the single largest cache of 16th century pewter tableware ever discovered. The ship was also carrying extremely rare Spanish silver coins from the late 1400’s through the mid 1500’s and several gold artifacts. This unprecedented find of 16th century pewter will re-write history books, as many of the maker’s marks stamped into the fine pewter have never been seen before. While the value of the gold and silver recovered is easily determined, surprisingly, experts place the value of this four and a half century old pewter collection into the millions. The collection includes plates, platters, porringers, salts and flagons in an array of sizes and styles.

(Photo: http://photos.prnewswire.com/prnh/20130912/FL79114)

Divers from Anchor Research and Salvage (a Global Marine Exploration, Inc. company) working with the Punta Cana Foundation painstakingly excavated the wreck site under contract with the Underwater Cultural Heritage division of the Dominican Minister of Culture.

Anchor Research and Salvage has recently completed surveying operations on their southwestern coastal lease area off theDominican Republic, revealing numerous previously undiscovered shipwrecks. Noted shipwreck archaeologist and author SirRobert F. Marx estimates that there is several billion dollars of submerged treasures in the southern coastal area alone, and ten times that amount waiting in Global Marine Exploration’s future target areas. Investigation and recovery operations in theDominican Republic continue.

CEO Robert Pritchett said, “Sample artifacts from these newly discovered wreck sites indicate that we may have found an entire fleet of early Galleons that wrecked on their way back to Spain carrying the riches of the new world.” Pritchett also mentions that negotiations are well underway for GME and its companies to provide artifact rescue and excavation services in other countries as well. “GME’s unique business model opens up a new age for cost-effective and archaeologically sensitive shipwreck exploration. Other countries are seeing how well we document and record the archaeological evidence in the Dominican Republic, and we are in talks with other nations in the Caribbean and beyond,” said Pritchett.

More info available at www.gmexploration.com

Contact Robert H. Pritchett – bpb1313@gmail.com

SOURCE Global Marine Exploration, Inc.

RELATED LINKS
http://www.gmexploration.com

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Coin collecting security guard aims for Guinness World Record

September 12, 2013 in Ancient Coins, Antique Coins, Coins, Collecting, History, News, Numismatica, Numismatics, Rare Coins, World Coins

2,500-year-old coin from Mauryan dynasty, gold coins from era of Shah Jahan and Tipu Sultan form part of collection

  • By Anjana Sankar, Senior Reporter (XPRESS) (http://gulfnews.com)
  • Published:  September 11, 2013

Abu Dhabi: An Indian security guard is aiming for a Guinness World Record with coins from the largest number of countries.

Said Roshan, 27, from Kerala, could be inching closer to his dream with his incredible collection that already covers more than 323 countries (including those that no longer exist, as well as provinces and islands). “This is a result of my effort for the last 20 years. But I want to enhance the collection and create a world record. I think I am short of coins from at least 60 or 70 countries,” Roshan told XPRESS.

Some of his rare collection includes a 2,500-year-old Indian coin from the Mauryan dynasty of Emperor Ashoka, a gold coin issued by the Mughal emperor Shah Jahan and a gold ‘fanam’ minted in AD1776 by Tipu Sultan of Mysore.

Full article and pictures at source>

 

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Romanian who discovered largest silver treasury gets EUR 10,000 reward from Govt. before receiving almost half of treasure’s value

September 11, 2013 in Ancient Coins, Antique Coins, Coins, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, Turkish Coins, World Coins

By Romania Insider. Sept 11th, 2013 (http://www.romania-insider.com)

The young Romanian who discovered a 54 kilo silver treasure and handed it over to the Museum of History will get a further EUR 200,000 reward, after already receiving around EUR 10,000 from the Romanian Government.

By law, the person who discovers an archeological artifact is entitled to 45 percent of its value.

The 47,000 silver coins discovered by Iulian near Ramnicu Valcea are worth around EUR 0.5 million on the free market.

Enache will get the reward entitled by law after the entire treasure he discovered will be assessed by experts.

The additional reward was given to Enache by Prime Minister Victor Ponta on Wednesday, September 11, in recognition of his efforts and his honesty in handing over the treasure to the museum.

Full article at the source>

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Legend-Morphy to offer The Flannagan Territorial Collection in upcoming Regency Auction V

September 11, 2013 in Antique Coins, Auctions, Coin Shows, Coins, Collecting, Gold, Gold Coins, History, News, Press Releases, Rare Coins

DENVER, PA – The Flannagan Territorial Collection has been consigned to the Legend-Morphy Regency Auction V, to be held Thursday, December 19th, 2013 at The Venetian during the PCGS Member’s Only Show in Las Vegas.

Although this incredible collection consists of only ten coins, each coin represents a significant piece of numismatic history.

“Even non-territorial collectors should make it a point to view them” said Legend-Morphy partner Laura Sperber. “All of the pieces were purchased back in 1995-1997, and the Eliasberg coins were purchased straight from auction. Quality, eye appeal, and rarity were critical to Phil Flannagan’s keen purchase. Out of all the rarities that Legend has handled, this particular set of coins has remained one of the highlights of our career. The freshness and quality of these coins is unrivaled. All of the coins were graded only once and are in their original holders.”

The collection includes:

1861 $2.5 PCGS AU50 Clark Gruber EX Eliasberg
1849 $5 PCGS AU53 Norris GN
1850 $5 NGC MS60 Moffat
1861 $5 PCGS AU53 Clark Gruber EX Eliasberg
1862 $10 Pike’s Peak PCGS MS62 Clark Gruber
1861 $10 PCGS AU58 Clark Gruber EX Eliasberg
1861 $20 PCGS AU50 Clark Gruber EX Eliasberg
1861 $20 Copper Die Trial PCGS MS08 Clark Gruber
1851 $50 Humbert Slug PCGS MS61 880
1852 $50 Assay Slug PCGS AU55 EX Eliasberg

1851 $50 Humbert Slug PCGS MS61 880

1851 $50 Humbert Slug PCGS MS61 880

These coins will all be sold unreserved, and will first be bid on individually, then as a set. The higher final hammer price will determine whether it will sell as a set, or as individual coins.

“We are honored to handle this historic collection” said Julie Abrams, President of Legend-Morphy. “With the extraordinary rarity and quality of this collection there no question this auction will garner worldwide attention.”

Just a few of the other highlights from The Regency Auction V include:

1911 10C NGC PR69*
1839 $1 PCGS PR63 CAC
1852 $1 PCGS PR64 CAMEO
1875 G$1 PCGS MS64+ CAC
Complete 1883 PR SET PCGS PR65-PR67 CAC

Sperber went on to say that “each Regency Auction is limited to 500 high quality lots, insuring that no coin will ever get lost in a phone book sized catalog. Our internet capabilities and live bidding platform are easy to use and rank among the best in the business. Plus, we produce a beautiful hardbound catalog. The Legend-Morphy staff is dedicated to making each sale memorable and rewarding for both consignors and buyers.”

The consignment deadline for the Regency Auction V is October 21st, 2013.

The auction will commence at 6 p.m. Pacific Time December 19th, 2013 at The Venetian in Las Vegas, NV. Additional bidding methods include absentee, phone and live internet bidding via the Legend-Morphy website, www.legendmorphy.com.

For more information about The Flannagan Territorial Collection or consigning to the Legend-Morphy Regency Auction V please e-mail Julie Abrams at juliea@legendmorphy.com, call 845-430-4378, or visit www.legendmorphy.com. You can also follow Legend-Morphy on Twitter at http://twitter.com/LegendMorphy and on Facebook at www.facebook.com/LegendMorphy.

Legend Numismatics
P O Box 9
Lincroft, NJ  07738
732-935-1795

 

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Perth Mint Gold Bullion Sales Decline

September 11, 2013 in Bullion, Coins, Gold, Gold Bullion, Gold Coins, Investing, News, Perth Mint, Precious Metals, World Coins

September 10, 2013 By Michael Zielinski (http://news.coinupdate.com)

During the month of August 2013, gold bullion sales at the Perth Mint of Australia declined to the lowest monthly level of the year. Silver bullion sales remained brisk, far surpassing the level of the year ago period.

The situation is similar to what was seen at the United States Mint during the month. Sales of their flagship American Gold Eagle bullion coins fell to a six year low, while silver bullion sales remained robust. The drop in gold sales was attributed to seasonality and the impact of several large liquidations on the secondary market.

Full article at source>

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Royal Canadian Mint Launches Superman 75th Anniversary Gold and Silver Coins

September 9, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Royal Canadian Mint, Silver, Silver Coins

September 9, 2013 By Michael Alexander (http://news.coinupdate.com)

1 oz $20 Fine Silver Coin - Man of Steel™ - Mintage: 10,000 (2013)

1 oz $20 Fine Silver Coin – Man of Steel™ – Mintage: 10,000 (2013)

The Royal Canadian Mint have launched (9th September) a series of coins marking the 75th anniversary of the first publication of the superhero comic book character “Superman” known all around the world to comic-book enthusiasts as the quintessential “Man of Steel” fighter of crime and upholder of all that is good and moral.

First created in 1933 by writer Jerry Siegel (1914-1996) and Canadian-American artist Joe Shuster, (1914-1992) who were then high school students living in Cleveland, Ohio, the character of Clark Kent, mild-mannered reporter for the Daily Planet with super-human abilities was eventually sold to Detective Comics, Inc. (DC Comics) in 1938. Superman was first published in June 1938 and subsequently made its way into various radio serials, television programs, films, newspaper comics and video games. With the success of his adventures, Superman helped to create the superhero genre and establish its primacy within the now familiar format of the American comic book.

Full Article At Source>

Link to product page at Royal Canadian Mint>

 

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Young Romanian gives museum largest silver coin treasure ever found in the country

September 9, 2013 in Ancient Coins, Antique Coins, Archaeology, Coins, Donations, History, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Turkish Coins, World Coins

Turkish Silver Coins

(Photo source: The National History Museum on Facebook)

By: Romania Insider. September 6, 2013 (http://www.romania-insider.com)

A Romanian man who unearthed 47,000 15th century silver Turkish coins buried in a forest has donated his discovery, the largest find of its type in Romania and valued at EUR 500,000, to a museum.

Iulian Enache, 34, found the hidden treasure in the wilderness near the city of Ramnicu Valcea with the help of a metal detector he had recently bought.

The 54-kilo treasury, which was buried 30 centimeters in the ground, is worth some EUR 0.5 million at current market prices.

Full article at source>

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Underwater Explorer Team Seeks More Pirate Treasure Near Sunken Ship

September 9, 2013 in Ancient Coins, Antique Coins, Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Ship Wrecks, Treasure, Treasure Hunting

By Alexis Shaw via WORLD NEWS (http://abcnews.go.com)

Undersea explorer Barry Clifford is diving back into the water after he and his team uncovered an unexplored trove of buried treasure that he said may lead to the discovery of more than 400,000 gold coins.

Clifford and his team located a sunken pirate ship, Whydah, off the coast of Cape Cod nearly 30 years ago. The Whydah was a slave ship that was captured by notorious pirate captain “Black Sam” Bellamy in February 1717, just two months before it sank on April 26, 1717.

Since discovering the Whydah — the only documented pirate ship — in the 1980s, Clifford and his team have worked to bring thousands of treasures discovered on the ship to the surface, he told ABCNews.com.

“There’s just a tremendous amount of material on board the vessel,” he said.

Full article and video at the source>

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Reverse Proof Gold Buffalo Sales Conclude

September 9, 2013 in American Buffalo, Coins, Collecting, Gold, Gold Coins, News, Proof Coins, US Mint, USA Coins

By Mint News Blog. Sept 6th, 2013. (http://mintnewsblog.com)

Yesterday, the four week ordering window for the United States Mint’s 2013-W Reverse Proof Gold Buffalo officially closed. The last sales figure shown on the Mint’s sales odometer were 45,912 units, although a final update will likely be posted later today.

Update: The last sales figure has been updated to 47,836.

The special coin was issued to mark the 100th anniversary of James Earle Fraser’s classic design for the Indian Head or “Buffalo” Nickel issued from 1913 to 1938. The popular design was also used for a commemorative silver dollar issued in 2001 and the American Buffalo 24 karat gold bullion and collector coins issued from 2006 to present.

Full article and pictures at source>

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Over-600-year history of Vietnam banknotes

September 7, 2013 in Bank Notes, Education, History, Paper Money

By: Tam Thoi 07/09/2013. (http://english.vietnamnet.vn)

VietNamNet Bridge – The first banknote in the history of Vietnam’s currency is the one called “Thong bao hoi sao” which was issued in 1396 by Ho Qui Ly. More than six centuries later, banknotes increasingly confirm its important position in life.

The first banknote of Vietnam

In the feudal time, each dynasty often cast its own money and even banknotes, including bronze, zinc, iron coins and some kinds of banknotes like “Thai binh thong bao” of the Dinh Dynasty and “Thien phuc tran bao” of the Early Le Dynasty.

However, the first and most well-known banknote of Vietnam is “Thong bao hoi sao” of the Ho Dynasty. 1396 was a very early time in the history of banknotes but at that time, Ho Quy Ly’s policy to issue banknotes was not considered progressive.

After printing banknotes, the Ho Dynasty forced people to exchange coins for banknotes, with one quan of coin for two banknotes. The people were banned from using coins, otherwise they would be executed and their assets would be confiscated.

This kind of banknote was put into circulation in a radical way. The way of issuance was completely exchanging the old money to the new money so theoretically it would not affect the value of the money and it was even a progressive thinking to save metal and to make the use of money in a more convenient way.

Full article at source>

 

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Gold Coins that Made History

September 6, 2013 in Ancient Coins, Antique Coins, Art, Coins, Collecting, Gold, Gold Coins, History, Money, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, World Coins

By Aila de la Rive, © MoneyMuseum (http://www.moneymuseum.com)

The first gold coin of all times was issued in the 7th century BC in Asia Minor; its “inventor” was the proverbially rich Lydian king Croesus. From then on, the series of famous gold coins can easily be carried on: over the Roman aurei and the Islamic dinars to the Swiss “Vreneli” and the American double eagles. Here, we introduce some of the gold coins that made monetary history.

Full article and pictures at the source>

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Never-Used Federal Coin Sale To Total Estimated $15 Million

September 6, 2013 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, US Mint, USA Coins

By: Jonathon Keats, Forbes.com Contributor (http://www.forbes.com)

In the late 1800s, eons before the euro was even a gleam in a Brussels economist’s eye, several European countries forged an international monetary standard that the United States considered joining. The U.S. Mint went as far as to design new gold and silver coins to match the weight of those in Italy and France, and even invented a new denomination, the Stella, with a face value of $4. Yet adoption of this Esperanto of currency was soundly defeated by American isolationists, and only a few prototype coins (or “patterns”) remain. Some of the finest were acquired in the 1930s and ’40s by a man named Eric P. Newman.

Full article and pictures at the source>

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Family finds $300,000 of gold treasure off coast of Florida

September 4, 2013 in Ancient Coins, Antique Coins, Coins, Gold, Gold Coins, News, Precious Metals, Rare Coins, Ship Wrecks, Treasure, Treasure Hunting, World Coins

A Florida treasure-hunting family struck it rich over the weekend when they discovered an estimated $300,000 worth of gold coins and chains off the coast of Fort Pierce.

“This is like the end of a dream” Rick Schmitt who found the sunken treasure with his family and fellow diver Dale Zeak told the Sun-Sentinel.com

Schmitt and wife Lisa along with their grown children Hillary and Eric uncovered the treasure 150 yards offshore which includes 64 feet of thin gold chains, five gold coins and a gold ring.

Full Article and video at source>

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US Mint Sales Report: Fort McHenry Products Debut

September 4, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

September 4, 2013 By Michael Zielinski (http://news.coinupdate.com)

The latest weekly report of United States Mint numismatic product sales includes the debut figures for an array of recently released Fort McHenry National Monument and Historic Shrine products. The closely watched 2013 Reverse Proof Gold Buffalo enters its final week of sales.

On August 26, 2013, the US Mint began sales of circulating quality 2013 Fort McHenry Quarters in numismatic bags and rolls. This included coins with the “P” and “D” mint marks, which are also released for circulation, as well as coins with the “S” mint mark, which are only released in numismatic products.

Through the reporting date of September 1, sales have been recorded for 1,916 of the 100-coin (P) bags, 1,869 of the 100-coin (D) bags, and 2,505 of the 100-coin (S) bags. The Two Roll Set option (P,D) had the highest unit sales at 9,366, followed by the Three Roll Sets (P,D,S) at 5,329, and the single roll option (S) at 3,018. These openings sales results were mixed compared to the prior release of Fort McHenry Quarter products, with the 100-coin P & D bags and Three Roll Sets showing an increase, and the remaining options showing a decrease.

Full article at source>

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Rare coins unearthed from Andhra temple

September 4, 2013 in Ancient Coins, Antique Coins, Archaeology, Coins, Collecting, Copper, Copper Coins, Gold, Gold Coins, History, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Treasure

September 03, 2013 (http://zeenews.india.com)

Rajahmundry: A large collection of rare coins minted in the 19th century has been discovered from a 300-year-old Shiva temple in West Godavari district of Andhra Pradesh.

About 975 coins, comprising 5 gold, 40 silver and 930 copper, were found last month during an excavation at the foot of the temple ‘Dwajasthambham’ (pillar), which is being restored after its collapse last year in November, executive officer Suryachandra Rao of Ksheera Ramalingaswara Swamy Temple told a news agency here.

Most of the coins dating between 1853-1873 were found beneath the 150-feet tall Dwajasthambham. The gold coins, weighing 22 grams each, consist of one belonging to the Napoleonic era, he said.
Rao said that some of the devotees felt that the collapse of the Dwajasthambham was inauspicious and asked us to place all the coins back in the column of the Pallakolu temple.

Recently, at the time of re-installation (of Dwajasthambham) all coins were put under it as desired by devotees, he added.

The Archaeology department was informed about the discovery at the ancient temple site following which they prepared a report on the coins.

Full article at source>

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