You are browsing the archive for 2013 October.

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60th Annual Eric P. Newman Graduate Summer Seminar in Numismatics — Application Deadline February 14, 2014

October 31, 2013 in American Numismatic Society, Ancient Coins, Anthropology, Antique Coins, Archaeology, Clubs and Associations, Coins, Collecting, Education, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Roman Coins, Seminars

October 30th, 2013 by Sarah F. Sharpe (http://blogs.brown.edu)

Study at the foremost seminar in numismatic methods and theory For over half a century, The American Numismatic Society, a scholarly organization and museum of coins, money, and the economic history of all periods, has offered select graduate students and junior faculty the opportunity to work hands-on with its preeminent numismatic collections. With over three-quarters of a million objects, the collection is particularly strong in Greek, Roman, Islamic, and Far Eastern coinages, as well as Medallic Art. Located in New York City’s SoHo district, the Society also houses the most complete numismatic library anywhere.

The rigorous eight-week course, taught by ANS staff, guest lecturers, and a Visiting Scholar, introduces students to the methods, theories, and history of the discipline. In addition to the lecture program, students will select a numismatic research topic and, utilizing ANS resources, write a paper during the Seminar. The Seminar is intended to provide students of History, Art History, Textual Studies, and Archeology who have little or no numismatic background with a working knowledge of a body of evidence that is often overlooked and poorly understood. Successful applicants are typically doctoral candidates or junior faculty in a related discipline, but masters candidates are admitted as well. This year’s Visiting Scholar will be Professor Suzanne Frey-Kupper of the Department of Classics
and Ancient History at Warwick University. Prof. Frey-Kupper is well known for her research and publications on the Greek, Punic and Roman coinages of the Western Mediterranean.

Applications are due no later than February 14, 2014. A limited number of stipends of up to $4000 are available to US citizens, and non-US citizens studying at US institutions under J-1 visas.

For application forms and further information, please see the Summer Seminar page of our website:numismatics.org/Seminar, or contact the Seminar Co-Director, Dr. Peter van Alfen (vanalfen@numismatics.org; 212-571-4470, x153).

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Old Safe Given Away for Scrap Filled With Gold Coins

October 31, 2013 in Antique Coins, Coins, Gold, Gold Coins, News, Precious Metals, Silver, Silver Coins, South Africa Coins, Treasure, USA Coins

By Anna Pan Oct. 30th, 2013 (http://abcnews.go.com)

A Houston scrap collector hauled an old safe from a family’s home, but when the vault was pried open he discovered it held a fortune in gold coins and silver dollars.

The man who opened the safe was David Molick, owner of Robbie’s Key & Lock shop who told ABC News that the scrap collector asked him to break into the safe before it was turned into scrap about a month ago.

“He showed me a picture of this safe, and I saw that it was a high security one,” Molick said. “It was real difficult to get into. It was pretty beat up. Looked like somebody had tried forcing their way into it since the front was beat up.”

Molick said he spent more than 20 hours trying to open the safe last week. Finally, after drilling 10 holes through six-inch walls of concrete, he discovered a bonanza.

“I thought, ‘Oh, this ain’t real,’” Molick said. “There were 50 Krugerrands in one pipe, and brand new, un-circulated silver dollars in ammo boxes. All of them were well over half full. The entire safe must’ve weighed at least 3,000 pounds.” Molick estimates the safe to contain $2.5 million.

Full article and video at source>

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Strike It Rich With Coins!

October 31, 2013 in Antique Coins, Coin Errors, Coins, Collecting, Dimes, Education, Nickel Coins, Numismatica, Numismatics, Pennies, Rare Coins, US Mint, USA Coins

By James Bucki October 25, 2013 (coins.about.com)

Did you ever pay $100 for candy bar? Or leave over $125,000 in the “Leave a Penny – Take a Penny” cup next to the cash register? If you don’t have this book you may have done exactly that. The United States Mint makes billions of coins every year. Odds have it, they are bound to make some mistakes and some of those mistakes will escape into general circulation. If you know what to look for, you can start pulling out error coins from your everyday pocket change. You never know, some of them may be worth big money!

Full article at source>

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Making millions from coins

October 30, 2013 in Coins, Coins for sale, Collecting, Commemorative, New Zealand Mint, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins

Sean Willlis Fairfax, NZ. 10/29/2013 (http://www.stuff.co.nz)

Despite New Zealand’s lacklustre appetite for commemorative coins, one Kiwi company is making a mint from exporting these overseas.

Increasing international demand has enabled New Zealand Mint to craft a special niche for itself in the design, production and sale of commemorative coins.

Its team has just packed an order of 3000 silver coins for a Russian bank, which commemorates the corronation of Russia’s Alexander II.

Full article and video at source>

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Record bitcoin payment of $1 million spent on new mining hardware

October 30, 2013 in Bitcoin, Digital Currency, Investing, News, Virtual currency

James Niccolai, IDG News Service@jniccolai Oct 29, 2013 (http://www.pcworld.com)

Bitpay, a company that lets businesses accept payments in the Bitcoin virtual currency, has just processed its first $1 million transaction.

The money was spent on new bitcoin mining hardware sold by Butterfly Labs, a company in Kansas City that makes specialized computers used to unlock new bitcoins and help manage the bitcoin network, Bitpay said on Tuesday.

The order was only a down payment on a forthcoming order, which will be worth more than the million dollars just spent, said Jeff Ownby, a spokesman for Butterfly Labs.

It was placed by a U.S. corporation that’s an existing Butterfly customer, Ownby said. Butterfly will disclose the customer’s identity in the next day or so, he said, but Butterfly appeared to have been caught off guard by Bitpay’s announcement and wasn’t prepared to do so yet.

Full article at source>

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Man Forgets About Buying $27 of Bitcoin, Is Now Worth About $1 Million

October 30, 2013 in Bitcoin, Digital Currency, Investing, News, Virtual currency

By:  Ashley Feinberg. 10, 29Th 2013 (http://gizmodo.com)

Four years ago, Oslo-man Christopher Koch’s girlfriend scoffed at his purchase of $27-worth of Bitcoin. Chances are she was singing a decidedly different tune last April, when Koch checked back in on his investment and found out it was worth $886,000. And over a cool million today.

Back in 2009, Koch was working on a thesis paper about encryption, which introduced him to the relatively unknown world of Bitcoin. On little more than a whim, he decided to throw down $27 for 5,000 Bitcoins because the encryption process fascinated him and because why not. Koch then promptly forgot about the purchase—until Bitcoin started popping up in the news four years later, that is.

Remembering his offhand investment, Koch frantically searched for the password to his wallet and was floored to find that, by last April’s standards, he was sitting on an $886,000 nest egg. After trading in just one-fifth of his total purchase, he was able to buy himself an apartment in Toyen, one of the wealthiest areas in Oslo.

Full article at source>

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Mystery donor gives charity a gold coin worth $1,700

October 29, 2013 in Charity, Coins, Donations, Gold, Gold Coins, Gold Eagles, News, Precious Metals, Silver, Silver Coins, USA Coins

By Diane Bell OCT. 25, 2013 (http://www.utsandiego.com)

Mysterious gift: Every year during the Kids NewsDay fundraiser for Rady Children’s Hospital, the same man pulls his truck to the curb of the NBC-TV building downtown long enough to hand off a generous and often unusual donation before he drives away. One year he gave a peanut butter jar full of silver dollars.

This week, the “mystery man” handed an envelope to NBC 7 weatherman Whitney Southwick stuffed with cash: a $100 bill, five $20 bills, and five old coins.

Full article at source>

“We’re now launching the Heart of Gold Challenge with the idea of inspiring others to continue to pay it forward,” says Rady spokesmanBen Metcalf. He is seeking online donations in coin-inspired increments of $1.76, $17.65, $176.50, and so forth, at: www.helpsdkids.org/heartofgoldchallenge

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Minneapolis man collects collections of collectibles

October 29, 2013 in Coins, Collecting, News, Numismatica, Numismatics

October 26, 2013 http://www.startribune.com By: James Lileks

There’s a store by the oldest skyway in downtown Minneapolis where time stopped and piled up.

Premium Quality Coin sells someone else’s bygone pocket change, mostly, but you’ll find all sorts of stuff — and usually someone who wants to talk about old money with the proprietor.

Doesn’t matter what you collect; he understands. If you want to unburden yourself of your collection? He gets that, too.

“After being in college for a year I was so broke I was eating peanuts from the gas station vending machine for the dinner,” says Bill Himmelwright. “I decided to sell my beer can collection. It was legendary in my neighborhood, where there were six other kids who had collections. I thought it was worth a ton of money.

Full article at source>

 

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Hungary World Cup FIFA Coin, Celebrating “Brasilia 2014″

October 28, 2013 in Coins, Collecting, Commemorative, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

October 25, 2013 By Michael Alexander (http://news.coinupdate.com)

The National Bank of Hungary have issued a new coin which highlights the upcoming FIFA World Cup championships to be held in Brazil from the 12th June to the 15th July 2014 in several venues throughout the country.

The 2014 event will be the 5th time Brazil will play host to this world-wide sporting spectacle. As Brazil was chosen as tournament host for 2014, it will be the first World Cup to be held in South America since the 1978 FIFA World Cup in Argentina, the first time two consecutive World Cups are staged outside Europe (the 2010 tournament being staged in South Africa), and the first time two consecutive World Cups are staged in the Southern Hemisphere. The 2014 championships will also be the first FIFA World Cup to use electronic goal-line technology. A total of twelve host cities were chosen and the opening kick-off is to be held on 12 June in São Paulo. An estimated 3.3 million tickets will be available for the various matches with a world-wide broadcast audience of more than half the world’s population.

Full article at source>

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PFSweb Wins The U.S. Mint

October 24, 2013 in Coins, Collecting, E-commerce, News, Software, US Mint, USA Coins

From Texas Tech Pulse  Oct, 23, 2013 (http://www.texastechpulse.com)

Allen, Texas-based e-commerce software and services firm PFSweb reports this morning that it has signed up the United States Mint as a customer, and will develop and deploy and e-commerce software for the mint’s products for coin collectors. Financial details of the deal were not disclosed.

Full article at source>

Link to Full Press Release from PFSweb >

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Doctor Who fan’s loyalty pays off

October 24, 2013 in Coins, Collecting, Commemorative, New Zealand Coins, New Zealand Mint, Precious Metals, Silver, Silver Coins, World Coins

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Legend Numismatics Market Report and Hot Topics

October 22, 2013 in Coin Shows, Coins, Collecting, Market Report, News, Numismatica, Numismatics

The Legend Numismatics Market Report (“THE PCGS INVITATIONAL” ) is up (;  Follow this link to access it>

The current Hot Topic (“Building a great collection”) can be found; by following this link>

 

 

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Russian Buys 6.6-lb Sochi Olympics Gold Coin for $232,000

October 21, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, Numismatica, Numismatics, Precious Metals, Russian Coins, World Coins

BLAGOVESHCHENSK, Russia, October 18 (RIA Novosti) (http://en.ria.ru) – A gold coin weighing three kilograms and dedicated to the 2014 Sochi Olympics was purchased Friday by an unnamed buyer in Russia’s Far East for $232,200, according to a spokeswoman for a bank where the coin was sold.

The coin is the heaviest and most expensive in a series of collectable coins to commemorate the Olympic Games in Sochi, the spokeswoman for the Sberbank branch in the Amur Region said.

It carries a nominal value far beneath its real worth of 25,000 rubles or $785, said the spokeswoman, who did not give her name.

In 2010, Sberbank and Central Bank of Russia signed an agreement with the 2014 Sochi Olympics organizing committee to issue a special series of collectable gold and silver coins.

Full article at source>

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Royal Canadian Mint leads the field once again in Krause Publications’ 2014 Coin of the Year award with eight nominations

October 20, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Press Releases, Royal Canadian Mint, Silver, Silver Coins, World Coins

OTTAWA, Oct. 18, 2013 /CNW/ – The Royal Canadian Mint continues to stand out in the running for Krause Publications’ annual Coin of the Year awards, after eight coins issued in 2012 were nominated for awards to be presented next February at the 2014 World Money Fair in Berlin. This is the most nominations earned for the last four consecutive years by any national mint or central bank recognized by Krause Publications for their numismatic achievements.

The Mint’s exceptional collector coins lead a large field of international competitors by receiving nominations in eight different Coin of the Year categories, specifically: Most Historically Significant Coin; Best Gold Coin; Best Silver Coin; Best Crown Coin; Best Circulation Coin; Best Bi-Metallic Coin; Most Innovative Coinage; and Most Inspirational Coinage.

Full article at source>

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Coin collector will award unusual tip

October 19, 2013 in Antique Coins, Coin Shows, Coins, Collecting, Conventions, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

By Rachel Weaver  Oct. 18, 2013 (http://triblive.com)

Getting a single coin for a tip would usually damper any waiter’s day.

But the coin Blaine Shiff intends to leave behind Oct. 21 at a Market Square restaurant is anything but usual.

In honor of the Pennsylvania Association of Numismatists’ annual Fall Coin Show and Convention, one lucky server will receive a rare 100-year-old Barber half dollar worth $250 from Shiff, owner of Cybercoins.net in Dormont. Whoever receives the coin can bring it to the coin show to redeem it.

“We’re not making anybody rich, but maybe we will make their day a little brighter,” says Shiff, coin show chairman.

The coin, named for the man who designed it, Charles Barber, is one of 390,000 made at the time.

Full article at source>

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All My Rare Coins Articles In One Place

October 18, 2013 in Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins

By David Batson of David Batson, CTA

I am compiling all of my articles on rare coins here, including the initial reasons for buying them and the answers to the critics of rare coins.  This is for convenient access at a time when I am pounding the table on buying these globally portable stores of wealth. I believe prices are at or near their lows in the precious metals markets in general and that three years from now, these levels will be seen as a gift to anyone who has the foresight to act now.

It is also important that people be able to see my answers to those who so vociferously oppose the idea. And, without trying to be overly aggressive, I am going to name names here.

Basically, all of the arguments against rare buying rare coins out there come from one primary source: Peter Schiff.

Full article at source>

Links to all “Rare Coins” articles by Mr. David Batson

I outline the reasons for buying rare coins: Why I Am Buying Rare Coins Now

I then answer Mr. Schiff’s primary criticism:  Answering the Critics of Rare Coins 1: Roadwarrior Economics

I established my bonafides: Answering the Critics of Rare Coins 2 

I discuss the bid/ask spreads: Answering the Critics of Rare Coins 3: Spreads Will Tighten

I answer a personal critic: Answering the Critics of Rare Coins 4: Ringing the Bell at the Bottom 

Finally, I provide full context: Answering the Critics of Rare Coins 5: It’s a Hard Asset Bull Market 

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US gold coin sales surge in Oct. on price drop, Washington impasse

October 17, 2013 in Coins, Collecting, Gold, Gold Coins, Gold Eagles, Investing, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

Oct 16, 2013, Reuters (http://www.reuters.com)

* American Eagle gold coin sales reach 10,000 oz on Tuesday

* Bargain hunting rises as prices drop below $1,300

* American Eagle silver sales also greater than usual

NEW YORK, Oct 16 (Reuters) – Demand for U.S. gold coins has surged in October, reversing recent weak sales, boosted by bargain hunting as prices plunged below $1,300 an ounce and some safe-haven buying due to the U.S. budget impasse.

On Tuesday, the U.S. Mint sold 10,000 ounces of the most-popular 22-karat American Eagle gold coins, for total sales of 22,000 ounces so far in October, a Mint spokesman said.

Full article at at source>

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Winning Baseball Hall of Fame Coin Design Announced

October 17, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, US Mint, USA Coins

October 16, 2013 By Michael Zielinski (http://news.coinupdate.com)

The United States Mint has announced the winner of its Baseball Coin Design Competition. Cassie McFarland of San Luis Obispo, California submitted the winning design featuring a 1960’s style baseball glove which will appear as the common obverse for the 2014 Baseball Hall of Fame Commemorative Coins.

As required under the authorizing legislation Public Law 112-152, a public competition was held to select the obverse design for the upcoming coins. During the submission period from April 11 to May 11, 2013, a total of 178 designs were received. The field was narrowed to 26 semi-finalists following a round of internal judging which evaluated the designs based on artistic merit and how well they would translate into a coin format. The semi-finalists were reviewed by a panel of five Baseball Hall of Fame judges which narrowed the field to 16 finalists. These finalists were reviewed by the Commission of Fine Arts, Citizens Coinage Advisory Committee, and National Baseball Hall of Fame who offered their recommendations.

Full article at source>

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CoinX Is A New Bitcoin Exchange That Actually Takes Financial Compliance Seriously

October 15, 2013 in Bitcoin, Digital Currency, Investing, Money, News, Virtual currency

By: DYLAN LOVE OCT. 13, 2013 (http://www.businessinsider.com)

CoinX is a brand new Bitcoin exchange that just opened its doors, and we caught up with founder Megan Burton at the Money2020 conference in Las Vegas to learn what her company is all about.

Burton came from an IT and security background and took the opportunity to throw her skills into the increasingly weird world of money.

Operating out of Atlanta, Ga., CoinX is all about turning conventional money into the anonymous digital currency called Bitcoin, and Bitcoin into conventional money. It’s also the first to actually take financial compliance seriously.

Full article at source>

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1992 Columbus Quincentenary Commemorative Coins

October 14, 2013 in Coins, Commemorative, Gold, Gold Coins, History, Investing, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

October 14, 2013 By Michael Zielinski (http://news.coinupdate.com)

In 1992, the quincentenary or 500th anniversary of the historic voyage of Christopher Columbus to the Americas was celebrated with the issuance of three commemorative coins from the United States Mint. The program included extremely high maximum mintage levels likely formulated with the expectation that the coins would be heavily ordered by the general public. From a numismatic perspective, the program harkened back to the first commemorative coin produced by the United States Mint issued in 1892 to celebrate the 400th anniversary of Columbus’ voyage.

The program to mark the quincentenary of the voyage was authorized under Public Law 102-281, signed by President George H.W. Bush on May 13, 1992. The law authorized the production of clad composition half dollars with a maximum mintage of 6 million pieces, silver dollars with a maximum mintage of 4 million, and $5 gold coins with a maximum mintage of 1 million. Each coin would be available in uncirculated or proof versions. Surcharges added to the cost of each coin would benefit the Christopher Columbus Quincentenary Coins and Fellowship Foundation.

Full article at source>

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Full Step Jefferson Nickels

October 14, 2013 in Coin Grading, Coins, Education, Nickel Coins, Numismatica, Numismatics, USA Coins

October 11, 2013 By Dennis Hengeveld  (http://news.coinupdate.com)

American numismatics is a highly developed collecting area that, especially compared to numismatics of other countries, is way ahead of its time. One area where this is very obvious is the “obsession” that American collectors have with grades. The 1-70 system developed by William Sheldon is uniquely American and only in the past few years has this system spread to other countries, often being received with resentment from old timers and frowned eye-brows (at best) by more open-minded collectors. Yet, American collectors (and grading companies) have gone even further, introducing such grading terms as “Full Bell Lines” and “Full Bands”, indicating the strike and overall quality of certain type of coins. One such designation is “Full Steps”, and in this article we will take a look at this unique designation used when grading Jefferson Nickels.

Full article at source>

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Vatican coins recalled for misspelling ‘Jesus’

October 13, 2013 in Commemorative, Errors, Medals, News, Numismatica, Numismatics, Vatican

Holy oversight!

The Vatican recalled more than 6,000 commemorative medals this week after discovering the word ”Jesus” was misspelled as “Lesus” on the coins, according to a report in the German news site Spiegel International.

Full article at source>

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New $100 Note Ready for Circulation

October 10, 2013 in Bank Notes, Education, News, Numismatica, Numismatics, Paper Money, U.S. Notes

By James Bucki, About.com Guide October 7, 2013

Although most people define a “numismatist” as a coin collector, a more thorough definition would be one who studies or collects coins, tokens, and paper money and sometimes related objects such as medals. Therefore, I am going to branch out today and touch upon the subject of paper money. Tomorrow, the Federal Reserve Bank is going to start releasing into circulation the newly redesigned one hundred dollar note.

Currently, the $100 note is the highest denomination that is issued by the United States and features Benjamin Franklin on its face. It also circulates around the world and is the most counterfeited note worldwide.

Full Article at source>

Link to US currency Info Page 

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Law Enforcement Seminar To Be Conducted During F.U.N -January 2014

October 10, 2013 in Education, News, Numismatic Crimes, Numismatica, Numismatics, Seminars

Wed, 09/25/2013 – 11:45am — ncic (http://www.numismaticcrimes.org)

The Numismatic Crime Information Center will offer a one-day training class on “Numismatic Crime Investigations” for local, state and federal law enforcement officers. The class will be held in conjunction with the F.U.N. 59th Annual Convention January 9-12, 2014.

The class is designed to provide law-enforcement personnel, including patrol officers, detectives, investigators and prosecutors, with the fundamental investigative techniques, knowledge and understanding to respond effectively to the complex challenges encountered during a numismatic crime. The class will be held at the Orlando County Convention Center on January 10, 2014 from 8am-4:30pm and is free for law-enforcement personnel.

For additional information contact: Doug Davis Numismatic Crime Information Center doug@numismaticcrimes.org

Link to Numismatic Crime Information Center’s Website

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New Coin Series Honors Danish Scientists

October 9, 2013 in Coins, Commemorative, Danish Coins, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Royal Danish Mint, Silver, Silver Coins, World Coins

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

The National Bank of Denmark has issued (7th October) new coins to mark the centenary of the publication of Niels Bohr’s atomic theory. Three additional issues will highlight as their common theme –  scientific theories developed by Danish scientists since 1572. This innovative series comprises four different 500-kroner silver coins and four different 20-kroner circulation coins of the same design, additional proof versions of the 20-kroner coins will also be minted, aimed at collectors.

Niels Bohr (1885 – 1962) is the central figure in the series of scientists. The series also includes Hans Christian Ørsted (1777 – 1851), Ole Rømer (1644 – 1710) and Tycho Brahe (1546 – 1601). They have been selected because their discoveries were ground-breaking to the world of science at the time.

Full article at source>

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