You are browsing the archive for 2014 March.

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Royal Canadian Mint Strikes Gold and Silver Coins For The Canonization of Pope John Paul II

March 31, 2014 in Canadian Coins, Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Press Releases, Silver, Silver Coins, World Coins

Royal Canadian Mint Strikes Gold and Silver Coins For The Canonization of Pope John Paul II

Simon Kamel, Acting Vice-President, Corporate and Legal Affairs from the‎ Royal Canadian Mint and Wladyslaw Lizon, MP for Mississauga East-Cooksville unveil the gold and silver coins to commemorate the canonization of Pope John Paul II in Mississauga on March 27, 2014.
Ottawa, Ontario, March 27, 2014 – The year 2014 marks the canonization of Pope John Paul II and the Royal Canadian Mint is commemorating this historic event by striking pure gold and pure silver collector coins. The coins were unveiled today at ceremonies in Mississauga, Ontario and Saguenay, Quebec as well as the Canadian Embassy in Warsaw, Poland.

Ottawa, Ontario, March 27, 2014 – The year 2014 marks the canonization of Pope John Paul II and the Royal Canadian Mint is commemorating this historic event by striking pure gold and pure silver collector coins.  The coins were unveiled today at ceremonies in Mississauga, Ontario and Saguenay, Quebec as well as the Canadian Embassy in Warsaw, Poland.

“These coins honour the extraordinary life and legacy of Pope John Paul II, and his accomplishments of universal significance: his message of courage, his defence of freedom and the profound statements of hope he expressed to the world,” said Wladyslaw Lizon, Member of Parliament for Mississauga East-Cooksville. “Pope John Paul II’s work transcended so many boundaries and he promoted the values of peace, tolerance and freedom.”

“Pope John Paul II was not only the first Roman Catholic pope in history to visit Canada, but a church leader whose pontificate featured many firsts around the world,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint. “These gold and silver coins are beautiful additions for any collector or stunning gifts for history buffs, followers of Pope John Paul II and Canadian history enthusiasts.”

The reverse image on both coins reproduces a photograph of Pope John Paul II offering Mass during his first visit to Canada in 1984. Through the expert application of varied finishes and skilled engraving, Royal Canadian Mint engravers faithfully captured the power of the moment as the pope raises the Consecrated Host at the elevation. The $25 99.99% pure gold coin has a limited mintage of 1,500 and retails for $649.95, while the 99.99% fine silver coin, bearing a face value of $10, has a limited mintage of 8,500 and retails for $69.95.

The coins can be ordered directly from the Mint as of April 1st at 1-800-267-1871 in Canada, 1-800-268-6468 in the US, or on the Internet at www.mint.ca. The coin will also be available at the Royal Canadian Mint’s boutiques in Ottawa, Winnipeg and Vancouver, as well as through the Mint’s global network of dealers and distributors, including participating Canada Post outlets.

About the Royal Canadian Mint
The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit. www.mint.ca

Images of this coin are available by visiting ftp://communications:RCM2007@ftp.mint.ca.

-30-

For more information, media are asked to contact:
Christine Aquino
Director, Communications and Public Affairs
Royal Canadian Mint
Telephone: 613-993-9999
aquino@mint.ca

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How to Value a Coin Collection

March 28, 2014 in Antique Coins, Coin Grading, Coins, Collecting, Ebay, Education, Grading, Numismatica, Numismatics, Silver Coins, USA Coins

By: Rob Berger (http://www.doughroller.net/)

I recently started collecting coins. I only have a handful right now: mainly Morgan silver dollars. I tend to just pay $40 or $50 for a nice coin, and I don’t have a particularly valuable collection. I just enjoy collecting them.

One of my coins is a Morgan silver dollar from 1878. It’s an S mint – from San Francisco – and it’s fairly high grade. This coin is 140 years old. I can just imagine the stories this coin could tell if it could talk. That’s why I enjoy coin collecting. The history behind coins and currency is just amazing.

I don’t view my coins or currency or an investment because they don’t have any way to generate income. They’re just fun. It’s possible that I could hold a $50 coin long enough to sell it for $75 to make a bit of money, but it all hinges on what people are willing to pay for it. And that’s what we’re going to talk about today.

Full article at the source>

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Coins! The Arielle Collection Part Two at Baldwin’s Auctions

March 28, 2014 in Antique Coins, Auctions, British Coins, Bronze Coins, Coins, Coins for sale, Collecting, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, World Coins

By: Yareah Magazine. March 27th, 2014 (http://www.yareah.com/)
The first day of Baldwin’s three-day May auction calendar will contain the second part of one of the most impressive British colonial coin collections to have ever been offered for sale by public auction.  Part One of The Arielle Collection sold through Baldwin’s Coinex auctions in September 2013, where every one of the 818 lots sold for an exceptional sale total of £505,092.
Compiled by a collector who sought out only the finest specimens, the second and final part of the collection will comprise 980 lots. His impeccable collection includes many pattern and proof coins from British Guiana, British Honduras, British West Indies, Hong Kong, Straits Settlements, Ceylon, Cyprus, Fiji, the Ionian Island and New Zealand.
The catalogues for all three auctions will be available to view online at www.baldwin.co.uk , and online biding with no additional premium is available through the services of www.the-saleroom.com.
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50 years of JFK halves

March 28, 2014 in Coins, Collecting, Numismatica, Numismatics, Silver, Silver Coins, USA Coins

By: Jeff Dankert. March 27th,2014 (http://newstrib.com/) NewsTribune.

It has been 50 years since the U.S. Mint released the silver half-dollar featuring President John F. Kennedy. While these coins are not rare, their value in silver means few if any are being circulated today.

When the coins were released March 26, 1964, people flocked to banks to get them. Citizens could buy them or get them as change, said Chris Drewel, owner of Valley Coin-Jewelry-Pawn in Spring Valley.

“You could get one in change because it was general circulation,” Drewel said.

The 50-cent pieces were 90 percent silver. Today, each one would be worth $7.25 in silver, based on current prices, Drewel said. As a collectible it is worth $10 to $12, depending on the condition, he said.

Full article at the source>

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Coin Collecting Is Hot: Why Investors Are Taking a Shine to Numismatics

March 26, 2014 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, Numismatica, Numismatics, Rare Coins, USA Coins, World Coins

By Ross Kenneth Urken (http://www.mainstreet.com/) March 25th, 2014.

NEW YORK (MainStreet) — Think twice before you cast aside loose change along with pocket lint: that seemingly insignificant legal tender could be worth a fortune.

But complete serendipity – as happened to a California couple earlier this year – is not a requirement for finding hidden treasure. Auction platforms — many of which, like Stack’s Bowers Galleries, are online — allow collectors to seek out their own pieces with ease.

And investors are doing so in droves.

The fervor in the rare coin and currency market is indeed highlighted by last year’s world-record-breaking sale of the highest value coin ever – a 1794 “Flowing Hair” silver dollar for a stratospheric $10 million.

That’s part of a more widely-observed phenomenon: the non-profit Professional Numismatists Guild recently reported that the roaring U.S. coin was worth $5 billion in 2013.

Amid drops in the precious metals market and a buoyant stock market, investorsare looking toward secure and appreciable collectibles, with a growing interest in coins coinciding with the all-time-high art auction sales of late, including the Francis Bacon triptych that fetched $142.4 million at Christie’s last year.

Full article at the source>

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IRS rules Bitcoin will be taxed as property, not as currency

March 25, 2014 in Bitcoin, Currency, Investing, News, Taxes, Virtual currency

By Adrianne Jeffries on March 25, 2014 (http://www.theverge.com)

The IRS previously admitted it wasn’t sure how to tax Bitcoin, but today it’s reached a decision. Bitcoin and other virtual currencies are considered property, not currency, according to a notice posted today. That means Bitcoin owners may have to pay taxes on the income they gain as Bitcoin increases in value, and may be able to deduct a loss if Bitcoin loses value, just as if Bitcoin were a stock.

“In some environments, virtual currency operates like ‘real’ currency,” the IRS writes, “but it does not have legal tender status in any jurisdiction.” Therefore, “virtual currency is treated as property for U.S. federal tax purposes” and “general tax principles that apply to property transactions apply to transactions using virtual currency.”

The ruling takes effect immediately and failure to comply will result in fines. However, the agency says it will allow leniency for failure to file in the past if there is “reasonable cause.” (Presumably the absence of a rule would qualify.)

The ruling takes effect immediately and failure to comply will result in fines

Full article at the source>

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Künker Spring Sale: A Week Full of Surprises

March 24, 2014 in Ancient Coins, Antique Coins, Auctions, China Coins, Coins, Collecting, Gold, Gold Coins, History, Medals, News, Numismatica, Numismatics, Rare Coins

March 24, 2014 By Ursula Kampmann (http://news.coinupdate.com/)

140.000 euros for a Chinese dollar from 1896, 110.000 euros for a gold coin from Czechoslovakia from 1938 – the spring sale of Künker was full of surprises! Less surprising was: the pre-sale estimate of 5.7 million euros was easily surpassed by the hammer price amounting to 8.75 million euros.

The spring auction of Künker / Osnabrück took five days. The four weighty catalogs contained many interesting special collections. Hence, several hundreds of dealers and collectors came to the Hotel Steigenberger Remarque to witness the 6,129 lots on offer changing hands.

Auction sale 245 – Gold coins / German Empire coins since 1871 / Russian coins

The most remarkable result of day one was obtained by a 5 ducat piece from Czechoslovakia from 1938 of which just 56 specimens were produced. Its obverse shows the national coat of arms as well as a lime tree branch, on the reverse Saint Wenceslas with the lettering Hedej Zahynouti Nam i Budoucim (Do not let us or our descendants perish). Its pre-sale estimate had been 10,000 euros, and it can be found for 30,000 euros in the latest World Coin Catalog written by Schön. That the two prices are totally out of date is evidenced by the hammer price: 110,000 euros!

Full article at the source>

All results can be found on the website of Künker at www.kuenker.de

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Mt. Gox finds $116 million worth of bitcoins

March 22, 2014 in Bitcoin, Digital Currency, News, Virtual currency

The exchange filed for bankruptcy protection stating that 850,000 bitcoins had disappeared

By: By John Ribeiro | March 21st, 2014  IDG News Service (http://www.infoworld.com)

Mt. Gox has said it found 200,000 of the bitcoins it claimed may have disappeared as a result of a software flaw.

In a statement on its website Thursday, the failed exchange said it found 200,000 bitcoins in an old-format digital wallet, reducing the number of bitcoins missing to 650,000.

The finding may be a glimmer of hope for Mt. Gox’s customers, although bankruptcy proceedings in Japan and the U.S. are unlikely to result in a speedy determination of which creditors get paid first. The 200,000 bitcoins were worth about $116 million at market price Friday.

Wallets are software programs for holding and transferring bitcoins, and other payments applications. The wallet in which the bitcoins were found were used in the past and the exchange thought it no longer held any bitcoins, wrote Mark Karpelès, Mt. Gox’s CEO.

Full article at the source>

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Owner of Hamilton coin shop a witness to much change

March 20, 2014 in Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Stamps, USA Coins, World Coins

By Joyce J. Persico / For The Times. March 20th, 2014 (http://www.nj.com/)

HAMILTON — After 39 years at McGraw-Hill, where he worked as vice president of human resources and payroll, Harry Garrison decided he didn’t just want to sit home and relax.

A stamp collector since the age of 8, he turned to coin collecting later in life, touring coin shows on the East Coast with a partner. Then he saw a small real estate building for sale at 4343 S. Broad St. in Yardville, bought it in 1998 and opened it in 1999 as Colonial Valley Coins. The rest is numismatist history.

The sideline became a second career that the Cream Ridge resident now pursues on an “appointment only” basis at the store while his partner, Bohdan “Bo” Bobjak, deals with its everyday operation as owner and co-manager.

“I wanted to retire at 60 and have everything in place. But I drove past this place, saw it was for sale, renovated it for a year and opened it as a business in 1999. I still do the coin shows on some weekends.”

Full article at the source>

Colonial Valley Coins Website

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Numismatic Change? / Reinaldo Escobar

March 20, 2014 in Bank Notes, Coins, Collecting, Currency, News, Numismatica, Numismatics, Paper Money, World Coins

By: Reinaldo Escobar. March 19, 2014 in Desde Aquí / English (http://desdeaquifromhere.wordpress.com/)

The much discussed Cuban dual monetary system, which has distorted the economy for more than twenty years, seems to be facing its final days. Among the few reports that have been released, it appears it will be the CUP–the Cuban or national peso–that will survive, and the CUC–or Cuban Convertible Peso that will cease to circulate.

In addition to the actual value of each of these currencies, they differ in that the differ in that if the CUP has a photo of a historical figure, the CUC has a sculpture of the same personage. Also on security issues, CUC far exceeds its alter ego.

The question we ask ourselves is whether there will be a change in the real value of money we earn as wages. How many hours will one have to work once the money is unified to buy a pound of spaghetti, a quart of oil or a beer?

Full article at the source>

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Amazon Coins Now Available for Customers in the US, UK and Germany to Buy, Spend and Earn On Android Devices

March 20, 2014 in Digital Currency, News, Press Releases, Virtual currency

Customers’ Coins balances automatically transfer to their Android device to spend on over 100,000 apps and games in the Amazon Appstore

SEATTLE–(BUSINESS WIRE)–Feb. 19, 2014– (NASDAQ: AMZN)—Amazon today announced that customers in the US, UK and Germanycan now buy, spend and earn Amazon Coins on their Android phones and tablets. Previously available for use exclusively on Kindle Fire tablets, Amazon Coins can now be used to buy the latest apps, like Ridiculous Fishing, purchase extra lives within Candy Crush, or unlock Red’s amazing Super Roaster in Angry Birds GO directly from their Android device. Customers simply need to download the latest version of the Amazon Appstore and their existing Coins balances automatically appear. Existing Android customers can upgrade to the latest version of the Amazon Appstore on their mobile device by visiting www.amazon.com/updateappstore and new customers can download the Amazon Appstore on their mobile device by visiting www.amazon.com/getappstore.

“Since the launch of Amazon Coins, we’ve been amazed by the number of customers using Coins, as well as how many Coins they’re spending on apps and games,” said Mike George, Vice President, Amazon Appstore and Games. “Because customers can earn Coins when they buy apps in Amazon’s Appstore, and because they can buy Coins themselves at up to a 10% discount, customers love the extra value they get when shopping in our Appstore.”

Customers will find that earning extra Amazon Coins is easy and fun, whether it’s by downloading specific apps or by reaching achievements within certain games. The full selection of apps where customers can earn Coins is available by visitingwww.amazon.com/earncoins. Here’s what customers have to say about Amazon Coins:

“Amazon Coins are such a simple, easy idea I’m excited for the future of it. Plus with the money you save it’s a no brainer.” – Dan, Amazon Coins customer

“I bought these Coins so I don’t have a lot of little charges on my credit card. I balance every single purchase I make, so writing down a silly 99 cent purchase my kids make can be annoying. I buy $10 worth of Coins every few months and I save 50 cents and I also don’t have to write down little purchases, so this is a win, win for me.” – J, Amazon Coins customer

“My daughter and I both have the Kindle Fire HD and the Coins are a great way for us to stay on a budget. At the beginning of the month we each buy our Coins for the month.” – Devon, Amazon Coins customer

“Very good deal on Coins, I got at least 1 game paid for by Amazon and my money’s worth! Love Amazon and my Kindle.” – Nikki, Amazon Coins customer

Full press release at the source>

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Collector Says Uncle Sam Has no Right to His Rare 1974 Aluminum Penny

March 20, 2014 in Coins, Collecting, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Pennies, US Mint, USA Coins

By: Elizabeth Warmerdam. March 18th, 2014 (http://www.courthousenews.com/) Court House News Service.

SAN DIEGO (CN) – A man trying to auction off a rare 1974 aluminum penny claims in court that the government has no right to interfere by demanding return of the coin, which it has done.

Randall Lawrence and Michael McConnell used the Department of Treasury and Bureau of the Mint, seeking declaratory judgment that the government’s claim to the penny, which was struck at the Denver Mint, is invalid.

Facing a sharp increase in copper prices in 1973, the U.S. Mint proposed replacing copper pennies with aluminum. Pennies are the only U.S. coin whose metallic value equals or exceeds its face value. Between October 1973 and May 1974, more than 1.5 million aluminum cents were struck at the Philadelphia Mint, the lawsuit states.

Full article at the source>

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New twelve-sided £1 coin for 2017

March 19, 2014 in British Coins, Coins, English Coins, Money, News, Numismatica, Numismatics, The Royal Mint, World Coins

By: Howard Lake. March 19th, 2014. (http://www.fundraising.co.uk)

HM Treasury is to introduce a new £1 coin in 2017. It will have a distinctive twelve-sided shape, reminiscent of the threepence coin which was withdrawn at decimalisation in 1971.

The new coin will of course find its way into charities’ collecting tins.

It has been introduced to reduce counterfeiting of the £1 coin, which was introduced 30 years ago. The new coin “will be the most secure circulating coin in the world to date” according to The Royal Mint.

Video by: The Royal Mint

Full Article at the source>

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NGC Mirrors PCGS Policy for 70-Graded Coins

March 18, 2014 in Grading, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, PCGS (Professional Coin Grading Service)

March 18, 2014 By Michael Bugeja (http://news.coinupdate.com)

Last month we reported that Professional Coin Grading Service instituted a new crossover policy for Collectors Club members and authorized dealers, allowing them to submit mint state and proof coins graded 70 by another service with those top grades cited as the minimum acceptable crossover grade.

Previously, PCGS would only allow crossovers to have a minimum designated grade of MS69 or PR69.

At the time NGC still had that policy. But now it has changed it to mirror PCGS’s policy, announcing this week that it will now accept crossover submissions of coins graded MS 70, PF 70 and SP 70–but only ones holdered by PCGS.

You can read the corporate announcement here.

Full article at the source>

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First Reference book on World Replacement notes

March 17, 2014 in Bank Notes, Books, Collecting

We received on  on March 15th, 2014 a note from Dr. Ali Mehilba which we reproduce here for our reader’s benefit:

My reference book was released at long Beach 592 colored pages covering the replacement notes for most countries The book received great feedback from many collectors; dealers ; auctioneers and graders Please check website of PMG http://www.pmgnotes.com/news/viewarticle.aspx?IDArticle=3862 You can also check http://www.worldreplacement.com/ and http://www.facebook.com/worldreplacement Your thoughts and feedback are appreciated Thanks and best regards Yours in hobby Ali Dr.Ali Mehilba Cell 909 456 5859 President of Arabic Chapter of IBNS Founder of AACC Arabic Association for Currency Collectors Founder www.BanknoteClub.com Author of Libya Banknotes Encyclopedia Author of World Replacement Catalogue MWR

Thank you Dr. Mehilba for your note and congratulations for authoring it. Numismatica.com

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Celebrating a half-century of collecting

March 17, 2014 in Coin Shows, Coins, Collecting, Education, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics

Coin Club turns 50, plans annual show

By: Hans Madsen. hmadsen@messengernews.net , Messenger News

As the members of the Fort Dodge Coin Club prepare for their annual coin show – to be held on March 29 and 30 at the Crossroads Mall – they are also celebrating a milestone birthday for the group.

It is 50 years old.

John Hallgren is the son of charter member Bruce Hallgren, who was elected the group treasurer at its first meeting in early March of 1964.

Hallgren, although not yet a collector at the time, remembers the early days when club members would hang out in his father’s store, the Hobby Craft Shop, which was located at 25 S. 12th St.

Full article at the source>

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Naples Archeological Museum reveals ‘hidden’ treasure

March 14, 2014 in Ancient Coins, Antique Coins, Archaeology, Coins, Collecting, Gold, Gold Coins, Greek Coins, History, Medals, Museums, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Roman Coins, World Coins

Closed coin collection to be shown to the public on Sunday

Marh 14th, 2014  (http://www.ansamed.info/)

(ANSAmed) – NAPOLI – To hear talk of hidden treasure makes one think immediately of an old chest full of precious antique coins. This is exactly what awaits visitors to the National Archeological Museum of Naples on Sunday March 15, when the museum will open its doors to reveal a “secret” collection for one day – that of the museum’s coins, one of the most important collections in Italy with about 150,000 pieces, from coinage of ancient Greece to that of the Bourbon mint.

The name of the guided tour is “Coins and economy in the ancient world”. It is a rare opportunity rendered even more precious by the presence of archeologists and historians, experts in numismatics, who will explain not only the eras in which the coins were used, but also economic aspects linked to their use.

Coin collecting dates back to the 1500s, as demonstrates the Farnese collection, created in Rome but arriving in Naples through the Bourbon inheritance of Charles VII of Naples. The collection shows the choice of coins and medallions preferred by erudite and Renaissance coin collectors: portraits of illustrious men, architects of ancient history, representations of historic episodes and celebrated ancient monuments that have disappeared or are no longer identifiable. Another attentive and passionate collector was Cardinal Stefano Borgia, a learned prelate from the late eighteenth century with antiquarian interests, whose collection was sold by one of his descendants to the King of Naples Joachim Murat. The Borgia collection includes coins from series produced in Etruria, Umbria, Lazio, Rome and in the central Adriatic area of Italy.

Full article at the source>

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PCGS Paris Grades Scarce 2014 £2 Britannia And Lunar “Mule” Varieties

March 14, 2014 in Bullion, Coin Errors, Coin Grading, Coins, Errors, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Silver, Silver Coins, The Royal Mint, UK Coins, World Coins

For immediate release 

March 13, 2014

News media contacts:

In Europe: Muriel Eymery, Phone: + 33 1 40 20 09 94

Email: MEymery@collectors.com

In the USA: Steve Sloan, Phone: (949) 567-1223

Email: SSloan@collectors.com

PCGS Paris Grades Scarce 2014  £Britannia And Lunar “Mule” Varieties

The £2 Britannia obverse design with denticles that was struck with the no-denticles reverse design intended for the Royal Mint's 2014 Year of the Horse Lunar New Year commemorative.  (Photo credit: Professional Coin Grading Service.)

The £2 Britannia obverse design with denticles that was struck with the no-denticles reverse design intended for the Royal Mint’s 2014 Year of the Horse Lunar New Year commemorative. (Photo credit: Professional Coin Grading Service.)

(Paris, France) — The Paris Submission Center of Professional Coin Grading Service (www.PCGSEurope.com) has authenticated, graded and certified its first examples of the two recently reported varieties of British 2014 silver £2 Britannia and Year of the Horse “mule” error coins.

The PCGS Glossary (www.pcgs.com/Lingo) defines a numismatic mule as “a rare mint error where the obverse die is of one coin and the reverse die is of another coin.”

One variety of the recent Royal Mint mules is the £2 Britannia obverse design with denticles that was struck with the no-denticles reverse design intended for the 2014 Year of the Horse Lunar New Year commemorative.  PCGS certified 461 of them during the recent PCGS Paris Grading Week, March 10 – 14, 2014.

The other variety is the no-denticles obverse of the Year of the Horse struck with the denticles reverse design intended for the £2 Britannia.  PCGS certified 22 of them in Paris.

Denticles are the tooth-like motif sometimes used as a design element around the inside rim of a coin.

The one-ounce, .999 fine silver bullion coins were submitted to PCGS by The London Coin Company of London, England in conjunction with the PCGS Paris Grading Week, March 10 – 14, 2014.

Ingram Liberman, President of The London Coin Company, said one of his customers first alerted him to the existence of the varieties.

The no-denticles obverse of the Royal Mint's Year of the Horse Lunar New Year commemorative struck with the denticles reverse design intended for the £2 Britannia.   (Photo credit: Professional Coin Grading Service.)

The no-denticles obverse of the Royal Mint’s Year of the Horse Lunar New Year commemorative struck with the denticles reverse design intended for the £2 Britannia. (Photo credit: Professional Coin Grading Service.)

“Back in late December 2013 or early January 2014 we had a call from one of our clients explaining he had purchased a 2014 Britannia £2 silver one-ounce coin and he wanted to return it.  He said it did not look like the picture of the coin he had purchased, and he thought the coin was a fake.”

After Liberman discussed the appearance of the coin with the client “the buyer quickly realized that, in fact, he had bought a £2 Britannia mule from us and wanted to hold onto it and to his collection.  He appreciated our honesty and integrity,Liberman explained.

“We chose PCGS to certify our coins because they are the strictest and most accurate authentication and grading company in the world with an internationally recognized reputation.  PCGS certification for coins is like GIA certification for diamonds: the leader in the industry,” stated Liberman, a PCGS Authorized Dealer.

“It’s always exciting to see a new coin variety in person for the first time, and these beautiful coins did not disappoint. These types of errors are highly sought after by collectors and already are bringing extremely steep prices.  They are true British numismatic pieces of history,” said Muriel Eymery, PCGS Vice President of International Business Development.

The Royal Mint is not describing them as errors, but rather as “a variation in the design for a limited time only.”  The Mint estimates that approximately 17,000 Britannia coins were struck with an obverse intended for the 2014 Year of the Horse, and about 38,000 Year of the Horse £2 silver coins were struck with the Britannia £2 obverse.

The PCGS Paris Submission Center office is open Monday to Friday from 10:00 a.m. to 5:00 p.m.  Appointments must be made in advance by calling +33(0) 1 40 20 09 94.

For additional information about PCGS services in Europe go to www.PCGSEurope.com.

###

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Sheffield metal detection fan nets ‘find of a lifetime’

March 13, 2014 in Ancient Coins, Antique Coins, Auctions, British Coins, Coins, Collecting, English Coins, News, Numismatica, Numismatics, Pennies, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

March 12th, 2014 (http://www.thestar.co.uk/)

A unique penny dating from the reign of King Stephen over 850 years ago has been found by a Sheffield metal detecting enthusiast.

The silver penny – which is expected to fetch up to £10,000 at auction, and rewrite the history of early English coinage – was found in a field.

The coin, which dates from a chaotic period of civil war, will be sold at auction in London on April 2.

“This is an extraordinary discovery,” said Christopher Webb, head of the coins department at specialist auctioneers Dix Noonan Webb. “It is tremendously exciting.”

The man who found the coin – a joiner from Sheffield who wants to remain anonymous – was searching a field near Nottingham, with the farmer’s permission, last November.

He had already found a few low-value coins and buttons when his detector bleeped again.

“I dug it out and immediately I knew it wasn’t the run of the mill stuff I usually get,” he said.

“When I got it home I ran it under the tap. I didn’t dare do anything else with it.”

The man recorded his find with the authorities and got in touch with experts who revealed the coin was issued by Robert de Ferrers, second Earl of Derby, in the early 1140s.

Full article at the source>

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‘Pawn Stars’ Shop May Have Melted Stolen $50,000 Coin Collection

March 11, 2014 in American Buffalo, Antique Coins, Burglaries, Coins, Gold, Gold Buffalo, Gold Coins, Morgan Silver Dollars, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Theft, USA Coins

By ALAN FARNHAM via Good Morning America March 11th, 2014.  (http://abcnews.go.com)

A man whose $50,000 coin collection was first stolen, then hocked, cannot recover it from Las Vegas’ famous “Pawn Stars” pawn shop. Reason: The hock shop claims it melted the coins down.

According to a criminal complaint filed by the State of Nevada in Clark County Justice Court, a coin collection valued by its owner, David Walters, at up to $50,000, was stolen from Walters’ Las Vegas home in November 2013 by Walters’ niece, Jennifer Beckman.

Court documents say Walters’ collection–kept in a bag hidden under a dresser–contained such rarities as a 1903 St. Gaudens $20 gold piece and Silver Morgan coins from the 1880s. It also contained contemporary 1 oz. American Buffalo gold pieces.

Full article at the source>

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Israel “David Playing for Saul” Gold and Silver Coins Launched

March 11, 2014 in Coins, Collecting, Gold, Gold Coins, Israel Coins, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

March 10, 2014 By Michael Alexander (http://news.coinupdate.com/)

The Bank of Israel have issued a new set of coins which continue the “Biblical Art” series first launched in 1995. This year’s set, the 18th in the on-going series, features the story of “David playing for King Saul”. The new coins carry the year “2013” and include two gold and two silver issues.

The story of David is remembered during the time of the Judges, the Philistines were a constant menace to the people of Israel and they asked the Prophet Samuel for a King. Saul, who was the son of Qish from the Tribe of Benjamin was chosen, and described as “a choice young man and handsome….taller than any of the people” (I Samuel 9:2). Saul’s kingship lasted for two years and during this time, Israel was torn by war against the Philistines. Further to this, he was commanded by God through Samuel to wage war against Amalek. Saul, however, instead of exerting his authority as king, listened to the people, who urged him to have mercy on Amalek. Thus began his downfall for not obeying the word of God and for not obeying, Samuel took the kingship away from him.

Full article at the source>

For more information on coins offered by the Israel Coins and Medals Corp, please visit their website at: http://israelmint.com/david-playing-for-saul Information offered in Hebrew and English – international orders dispatched.

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Mt. Gox CEO’s blog hacked; alleged Bitcoin balances posted

March 10, 2014 in Bitcoin, News

Hackers claim the data allegedly collected from the exchange’s servers shows a disparity in the number of bitcoins deposited versus how many it claims were stolen in a security lapse.

By: Steven Musil. March 9th, 2014 (http://news.cnet.com)

Apparently frustrated by a lack of information about how Mt. Gox lost hundreds of millions of dollars in a security lapse, hackers hit the personal blog of Bitcoin exchange’s chief executive to level charges of fraud.

The Reddit account and personal blog of Mt. Gox CEO Mark Karpeles, MagicalTux.net, were hijacked Sunday and defaced with a post that alleged the exchange kept some of the coins allegedly stolen in fraudulent withdrawals. Hackers also posted a 716MB ZIP file that allegedly contained data stolen from Mt. Gox servers on the sites as well as to Pastebin.

The data dump claims that 951,116.21905382 bitcoins were deposited into Mt. Gox. The embattled exchange filed for bankruptcy last month, saying that Mt. Gox lost nearly 750,000 customer bitcoins, as well as 100,000 of the exchange’s own bitcoins.

Full article at the source>

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GoldCoin.net: Saddle Ridge Gold Not Part of Historical Heist

March 8, 2014 in Antique Coins, Coins, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Press Releases, US Mint, USA Coins

“America’s Gold Coin Dealer” has released a statement explaining why the rare gold coins found by a couple in California are not the same coins that were stolen from the San Francisco Mint in 1901.

Fort Worth, TX (PRWEB) March 07, 2014

The Internet has been swirling with rumors that the coins found by a California couple during a stroll on their property last year could be confiscated by the U.S. government due to the fact that they were possibly stolen from the San Francisco Mint in 1901, but GoldCoin.net has issued a statement explaining why the coins most likely have a different origin.

“The coins found by the couple are dated 1847 to 1894, but it wasn’t customary for coins to remain in government depositories more than a year or two after being minted,” said GoldCoin.net spokesman Keith Kelly. “The coins that were reported stolen from the San Francisco Mint in 1901 all had similar dates and mint marks, and they were all $20 Double Eagles. What’s more, it is very unlikely that the 1866 ‘no motto’ coin found by the couple would’ve been part of the 1901 heist.”

A recent L.A. Times article hinted that the coins may have been buried by confederate loyalists Knights of the Golden Circle, and Kelly believes this theory could be true. “That group was rumored to have millions in gold and silver buried around the U.S. and they were active in California for decades after the Civil War,” Kelly said. “They were trying to finance a second Civil War which, thankfully, never happened.”

Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.

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American Platinum Eagle Bullion Coins Return

March 6, 2014 in Bullion, Coins, Collecting, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

March 5, 2014 By Michael Zielinski (http://news.coinupdate.com/)

The United States Mint has resumed minting American Platinum Eagle bullion coins after more than a five year gap. Production had been suspended in late 2008 in order to devote additional resources to the production of gold and silver bullion coins.

The American Platinum Eagle was introduced in 1997, complementing the US Mint’s existing gold and silver bullion coin offerings. The platinum coins were struck in .9995 purity and available in one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce sizes carrying legal tender values of $100, $50, $25, and $10, respectively. Similar to other US Mint bullion products, the coins were distributed through a network of authorized purchasers.

Full article at the source>

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Bitcoin Site Shuts Down After Being Robbed Of Every Single Coin It Held Online

March 6, 2014 in Bitcoin, News, Virtual currency

By: Joe Weisenthal. March 4th, 2014 (http://www.businessinsider.com/)

Another Bitcoin site disappears.

This time Flexcoin — which called itself a bitcoin bank — has announced that it’s going out of business after a huge theft that has wiped it clean.

This is the announcement. There’s no sugarcoating it. Somehow all the bitcoins were just taken.

On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, dividing them into these two addresses:

1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu

1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6

Full article at the source>

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