You are browsing the archive for 2013 November.

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Cash is king: Asian investors look to coins for big returns

November 30, 2013 in Ancient Coins, Antique Coins, Coins, Collecting, Gold, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins

Nov 29 2013.  By: Reuters (http://www.financialexpress.com)

In a world of market volatility, rare coins might be worth their weight in gold – and maybe even more. While stocks have struggled to produce steady returns, coins are powering ahead and attracting attention from Asian investors.

A luxury investment index compiled by property consultant Knight Frank shows a 255 percent gain for coins over the last decade. The firm also rated coins as one of the least volatile investments compared with art, wine and gold.

Full article at source>

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Daniel Boone Bicentennial Half Dollar

November 29, 2013 in Antique Coins, Coins, Collecting, Commemorative, Education, Half Dollars, History, Numismatica, Numismatics, USA Coins

November 29, 2013 By Dennis Hengeveld (http://news.coinupdate.com)

Numismatics and coins in general can often be classified as a non-corrupted hobby, as in that prices generally change slowly, sometimes with a bit more rapid development when certain coin issues are promoted. However, generally speaking there aren’t many stories and advertisements in national newspapers regarding new coin issues, even though once in awhile a scandal does arise in the numismatic world. Such an instance was the significant turmoil that arose with the issuance of the Daniel Boone Bicentennial Half Dollars, struck from 1934 to 1938 to commemorate the 200thanniversary of the birth of Daniel Boone in 1934.

First of all, this issue was not the first commemorative half dollar to feature a portrait of Daniel Boone. He had first appeared on the 1921 Missouri Centennial Half Dollar, where he appeared on both obverse and reverse, both artist interpretations of how the famous trapper might have looked like, since no lifetime portraits of Daniel Boone are known to exist. The money raised from the issuance of the coins in the 1930s was meant for the Daniel Boone Bicentennial Commission, together with the American Order of Pioneers, in order to restore several sites important in Daniel Boone history. The act of May 26, 1934 authorized the issuance of 600,000 Daniel Boone Bicentennial Commemorative Half Dollars, and that same year the Philadelphia Mint struck the bicentennial issue dated 1934 to the extent of 10,000 coins plus a small number of assay pieces.

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Numismatic coin commemorates Sir Paul Boffa

November 26, 2013 in Coins, Commemorative, History, News, Numismatica, Numismatics, Proof Coins, Royal Dutch Mint, Silver, Silver Coins, World Coins

Tuesday, November 26, 2013 (http://www.timesofmalta.com)

Sir Paul Boffa. €10 2013 Commemorative Silver Coin

Sir Paul Boffa. €10 2013 Commemorative Silver Coin (Image Downloaded from the Bank’s Website)

Sir Paul Boffa. €10 2013 Commemorative Silver Coin

Sir Paul Boffa. €10 2013 Commemorative Silver Coin
(Image Downloaded from the Bank’s Website)

The Central Bank of Malta on Thursday will issue a numismatic coin in silver commemorating the first post-war Prime Minister, Sir Paul Boffa. The coin has a face value of €10 and is the last product issued by the Bank under its 2013 coin programme.

The coin was struck at the Royal Dutch Mint. The obverse shows the national emblem of Malta and the year of issue 2013. The reverse features a portrait bust of Sir Paul Boffa.

Sir Paul, a medical doctor by profession and leader of the Labour Party. served as Prime Minister of Malta from November 4, 1947 to September 26, 1950.

The coin is struck in 0.925 silver, has a weight of 28.28 grams and a diameter of 38.61 millimetres. The coin is of proof quality and its mintage is limited to 2,500 coins.

Full article at source>

 

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Historic 1787 Brasher Doubloon Offered By Heritage Auctions At FUN

November 25, 2013 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, News, Numismatica, Numismatics, Rare Coins, USA Coins

November 25, 2013 By Coin Update (http://news.coinupdate.com)

The Newlin-Davis-Perschke specimen 1787 Brasher Doubloon will be offered by Heritage Auctions at the 2014 Florida United Numismatists Convention in Orlando. The rare American gold coin has been seen in public relatively few times since Chicago coin dealer Walter Perschke purchased it in 1979 for a then-record $430,000. It is graded NGC MS  63 with CAC grade approval and is described as the finest certified of the seven known Brasher Doubloons.

“It will be offered without reserve during our Platinum Night auction session on January 8, 2014.  We expect it will bring $5 million or more and set a new record as the most valuable early American gold coin — and third most valuable of any U.S. coin — ever sold at auction,” said Jim Halperin, Co-Chairman of Heritage Auctions.

Full Article at the  source>

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The Eric Newman Collection

November 18, 2013 in Auctions, Coins, Market Report, News, Numismatica, Numismatics, Rare Coins, USA Coins

Legend Numismatics Market Report; “Of course we told you so” can be found by following this link

 

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History’s home in a village

November 18, 2013 in Ancient Coins, Antique Coins, Art, Bank Notes, British Coins, Coins, History, Museums, News, Numismatica, Numismatics, Paper Money

By Hemant Kumar Rout 11-17-2013 (http://newindianexpress.com)

It is a treasure trove of antiquity buried in obscurity. The Odisha Rural Museum  is home to 6,000 rare coins and currency notes of around 200 countries, 7,000 postage stamps, 3,425 foreign and Indian paintings, 2,000 rare metals and stones, 3,000 books and magazines, old clocks, watches and much more.

Located in Maitapur village in Balasore district, 200 km from Bhubaneswar, it is the only museum of its kind in the state with a collection of nearly 30,580 rare artefacts that draw innumerable visitors, including students and research fellows.

However, it is not run by any government agency or corporate body. It is the labour of one man’s love and untiring effort. Kailash Chandra Mohanty, a retired employee of Indian Post and Telegraph Department, was determined to retain the historical significance of his native village which led to the creation of the museum.

During his tenure, Mohanty travelled across the country and collected artefacts over 50 years. He spent his own money and established the museum in 1985. Since Mohanty’s demise at the age of 74 earlier this year, his wife Janakilata Mohanty (67) has been managing the place.

There is no entry fee here and the museum is open from 10am to 4pm every day. Exhibiting ancient coins, foreign currency, century-old postal stamps, palm leaf manuscripts, musical instruments, ancient weapons and armoury, the three-room museum is a confluence of world culture.

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American Silver Eagle Sales Move Into Record Territory

November 13, 2013 in Bullion, Coins, News, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

November 12, 2013 By Michael Zielinski (http://news.coinupdate.com)

Silver Eagle Bullion

Silver Eagle Bullion

Sales of the United States Mint’s American Silver Eagle bullion coins moved into record territory today after authorized purchasers ordered their full weekly allocation of 500,000 coins. Total sales for the year to date have now reached 40,175,000 ounces, which exceeds the prior annual record of 39,868,000 ounces reached in 2011.

Demand for the one ounce silver bullion coins has been intense throughout the entire year. When sales for the 2013-dated coins began on January 7, 2013, opening day orders totaled 3,937,000 coins, which seemed to represent the highest ever one-day sales for American Silver Eagles.

After only ten days of sales on January 17, the US Mint was forced to announce a temporary sell out as their entire inventory had been depleted. Sales were resumed on January 28, subject to an allocation process which rationed available coins amongst authorized purchasers. The US Mint uses this allocation process in times when demand for bullion coins exceeds the available supply.

Silver Eagle bullion coins have remained subject to allocation for the entire year. As such, sales figures are not a reflection of full market demand for the coins, but rather a reflection of the US Mint’s production capacity. During the current year, Silver Eagle bullion coins have been struck at both the West Point and San Francisco Mint facilities in an effort to expand the supply of coins available to the market.

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The $11 million in bitcoins the Winklevoss brothers bought is now worth $32 million

November 11, 2013 in Bitcoin, Investing, News, Virtual currency

By: Timothy B. Lee The Switch. Nov, 9th, 2013. (http://www.washingtonpost.com)

A lot of people laughed at Tyler and Cameron Winklevoss when they announced in April that they had acquired $11 million worth of bitcoins. The announcement came on April 11, the day after the virtual currency hit a record high of $266 and then plummeted to $120. Over the next few days, it would fall as low as $50, cutting the value of the brothers’ bitcoin stake in half.

But since then, their investment has paid off big-time. A source close to the Winkelvoss brothers says they haven’t sold any of their Bitcoins since April. Bitcoins are now worth $350, almost three times the $120 the New York Times quoted in its April 11 story. So that $11 million worth of bitcoins is now worth around $32 million.

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Bitcoin wallet service hacked, 4,100 Bitcoins stolen

November 9, 2013 in Bitcoin, Investing, News, Theft, Virtual currency

08 November 2013. Zeljka Zorz (http://www.net-security.org)

Bitcoin

Bitcoin

A daring hack and heist targeting online Bitcoin wallet service Inputs.io has resulted in the theft of 4,100 Bitcoins (currently over $1.3 million) and has left some of the users extremely disgruntled. Indeed, some of them are even accusing the owner of being behind the hack himself.

Wired reports that the owner, apparently a youngster from Australia who goes by the online handle “TradeFortress”, has waited nearly two weeks to notify the affected users and the public about the two breaches (one was executed on October 23 and the other on October 26).

“The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side,” he explained in a post on the service’s main page, adding that Inputs.io is unable to pay all user balances.

Full article at source>

 

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U.S. Mint Unveils Rushmore Coin In Custer

November 8, 2013 in Coins, Collecting, Commemorative, Education, History, News, Numismatica, Numismatics, Quarters, US Mint, USA Coins, Young Collectors

November 6, 2013,  by Kevin Woster (http://www.keloland.com)

CUSTER, S.D. – It was a celebration of commemorative coins, and of South Dakota’s best-known landmark.

The two combined to pack the armory in Custer today for the launch of a coin honoring Mount Rushmore National Memorial.

“It’s very exciting,” said memorial Superintendent Cheryl Schreier. “And what an honor that this time around with the America the Beautiful Quarter Program, that we were selected to be one of the 56 quarters.”

Schrier said the release of the new coing will make a well-known national memorial even more prominent, since the coins will be a reminder of Mount Rushmore to people who use them.

The program by the U.S. Mint depicts a national park in each state, the District of Columbia and the five U.S. territories. Gov. Dennis Daugaard picked Mount Rushmore as the national park that best represents South Dakota. And it was a popular choice, as Mint officials exchanged 15,000 Rushmore coins for cash during a swap at the amory.

Children got a free coin to inspired to them to learn about the U.S. Mint and coin collecting, and about featured parks. Mint official David Croft said the Rushmore quarter has educational benefits as well as value as a collector’s item and legal tender.

Full article and video at the source>

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US Mint Sales Report: 2013 Proof Silver Eagle Sales Jump

November 6, 2013 in Coins, Collecting, Investing, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

November 5, 2013 By Michael Zielinski (http://news.coinupdate.com)

In the latest weekly United States Mint numismatic product sales report, the 2013 Proof Silver Eagle experienced sharply higher sales. Meanwhile, the pace of orders for numismatic gold coins slowed following the elevated sales levels of the past few weeks.

For the week, the individual 2013 Proof Silver Eagle saw sales of 29,613 units, representing the highest weekly sales figure in more than five months. The cumulative sales for the product have now reached 851,005 units. This exceeds the last reported sales for the individual 2012 Proof Silver Eagle. A sell out for the prior year coin had occurred on November 13, 2012 when sales had reached 819,217.

The 2013 Proof Silver Eagle is also included in the 2013 Congratulations Set, which has year to date sales of 4,860. The coin is also expected to be included in the 2013 Limited Edition Silver Proof Set, scheduled for release on December 12, 2013.

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Heritage Auctions National Advertising Campaign Puts Domains Alongside Art, Jewelry, Coins & Other Valuable Assets

November 4, 2013 in Auctions, Domain Names, News, Numismatica, Numismatics

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson. (http://www.dnjournal.com)

Heritage Auctions ad in the New York Times Sunday, Oct. 24, 2013 Photo courtesy of Marc Ostrofsky

Heritage Auctions ad in the New York Times
Sunday, Oct. 24, 2013
Photo courtesy of Marc Ostrofsky

 

Three months ago I told you about one of the world’s three biggest auction houses –Heritage Auctions (HA) – opening a new domain division headed by veteran domain investor Aron Meystedt and how important this development was for the domain industry. For the first time an auction house in the same league as Sotheby’s and Christie’s is treating high end domain names as valuable assets displayed alongside traditional investment collectibles like art, jewelry and coins.

With HA’s first domain and intellectual property auction coming up November 21, readers of the New York Times got a first hand look at what I meant this past Sunday. HA took out a large ad to promote their fall auctions featuring various categories of art, timepieces and jewelry, Tiffany & Lalique art glass, fine wine and more, including, yes, domain names (listed right below the fold in the copy of the ad at right sent to us by Marc Ostrofsky (bidding the domain name auction is now open).

As you can see, domains are keeping some extremely good company these days, thanks to Heritage Auctions. Seeing domains listed alongside these other asset classes can only elevate them dramatically in the public’s eyes.

Ostrofsky (probably the most excited I’ve seen him since he sold Business.com in a $7.5 million deal) said, “If this auction works well, Christy’s and Southeby’s will jump in too and that one change in our world gets 10,000% more players looking at our assets and that drives prices UP.”

Full article at source>

There are several Numismatic related domains at this auction;  numismatics.com, coincompany.com, coins.ca, sellgoldcoins.com, numismaticsblog.com, thecoinblog.com, mycoincollection.com along with some other very interesting ones. The full list is here>

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Gold Eagle Bullion Sales Recover, Silver Eagles Approach Record

November 2, 2013 in Coins, Collecting, Gold, Gold Coins, Gold Eagles, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

November 1, 2013 By Michael Zielinski (http://news.coinupdate.com)

After two months of weakness, the American Gold Eagle bullion coins achieved stronger sales during the month of October. Silver Eagle bullion sales exceeded three million coins for the month, with the all time annual sales total quickly approaching.

For the month of October 2013, Gold Eagle bullion sales reached 48,500 troy ounces across all options. The most popular seller by both units and total weight was the one ounce size at 41,000 pieces. The latest monthly sales total breaks the streak of two uncharacteristically weak months. In August, sales were 11,500 ounces, followed by sales of 13,000 ounces in September. The total for August had marked a six year low for monthly sales.

Full article at source>

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