You are browsing the archive for 2014 April.

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Silver 1,000 yen coin to be issued for shinkansen’s 50th anniversary

April 29, 2014 in Coins, Commemorative, Japanese Coins, News, Numismatica, Numismatics, Silver, Silver Coins, World Coins

By: (JapanToday.com)  Apr. 29, 2014

TOKYO —

Japan first started issuing commemorative coins in 1964 to celebrate the Tokyo Olympic Games—two specially designed coins face-valued at 100 yen and 1,000 yen, respectively. They would be the first in a long string of special coins celebrating events such as an Emperor’s 60th year on the throne and the Japanese Antarctic Research Expedition’s 50th anniversary.

Oct 1 marks the 50th anniversary of the Japan’s famous shinkansen bullet train lines, and so the Ministry of Finance has seen fit to put out yet another pair of coins. The first one revealed puts the legendary train lines right up there with Japan’s other iconic symbols.
The 1,000 yen Shinkansen Opening 50th Anniversary Coin is made of sterling silver and features a bullet train on the front-side gliding among bright pink cherry blossoms with the majestic Mt Fuji in the background.

Full article at the source>

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Inquests find medieval and Bronze Age relics found by metal detectors in West Norfolk are treasure

April 29, 2014 in Ancient Coins, Antique Coins, Coins, History, Museums, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

By Chris Bishop.  April 29, 2014 (http://www.edp24.co.uk/)

A hoard of 12 silver coins has been declared treasure, meaning their finder can keep them, at a coroner’s inquest today.

The coins were found by Stephen Sproule whilst he was metal detecting on land at Fincham, near Downham Market, in October 2011.

Coroner Jacqueline Lake said the small silver coins were known as Sceattas and represented the first type of penny, which were minted from 675AD until the middle of the 8th Century.

“They were scattered over a wide area but would appear to represent a hoard or part of a hoard, rather than stray losses over time” she said.

“These coins are in good condition and had not been in circulation long when deposited.”

Full article at the source>

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U.S. Government Is Turning Seized Silk Road Bitcoins Into Cash

April 29, 2014 in Bitcoin, Digital Currency, News, US Government

By John Biggs. April 28th, 2014 (http://techcrunch.com/)

As I noted in January, the U.S. government is quite interested in getting out of the Bitcoin business and has, thus far, been working hard to convert seized bitcoin to actual cash, a move that could affect the BTC markets if these large transactions happen

Full article at the source>

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Ancient coins are discovered

April 27, 2014 in Ancient Coins, Antique Coins, British Coins, Coins, Collecting, English Coins, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

By: Richard Rush. April 27th, 2014 (http://www.loughboroughecho.net)

They will be examined and valued by the Treasure Valuation Committee at the British Museum

A GROUP of local metal detector users has unearthed five 400-year-old coins dating from the time of Elizabeth I on the Garendon Estate.

The Loughborough Coin and Search Society’s discovery came on September 29, 2013, on land owned by Squire De Lisle near Bedlam Farm, Hathern.

All five silver sixpences date from between 1560 and 1582, predating the Spanish Armada and William Shakespeare’s move to London.

Full article and pictures at the source>

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Open Cube Shaped Coin Honors Canonization of Pope John Paul II

April 23, 2014 in Coins, Collecting, Commemorative, Design, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins

By: Michael Alexander. April 23rd, 2014. (http://news.coinupdate.com)

The Government & Treasury of Niue Island have launched a new concept in coinage never previously seen. The new coin, a creation in the shape of an open cube with images and artwork on each side, make this item unique among coins based on its design, shape, and production.

The coin is designed by artisan Urszula Walerzak and minted by the Mint of Poland at their facilities in Warsaw. Taking advantage of a specially designed minting process – the production of a flat cross-shaped coin is completed and the next procedure of “shaping” the actual piece after minting and oxidizing takes place. The coin is bent with precision into the final example seen, the forming of an open-sided cube. The coin is issued in commemoration of the imminent canonization of the late Pope John Paul II, occurring on the 27th April of this year.

Full article and pictures at the source>

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Georgia Student Wins 2014 PNG YN Scholarship

April 21, 2014 in Education, News, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Scholarships, Young Collectors

For immediate release April 21, 2014

News media contacts:

Robert Brueggeman for PNG, (951) 587-8300
Jake Sherlock for ANA, (719) 482-9872
Georgia Student Wins PNG 2014 YN Scholarship

Tara Crosby, PNG 2014 YN scholarship winner.

Tara Crosby, PNG 2014 YN scholarship winner.

(Temecula, California) — A college student from Georgia who says “learning from numismatics has been a truly wonderful experience” is the recipient of the Professional Numismatists Guild (http://www.pngdealers.org) 2014 Young Numismatist Scholarship.  Tara Crosby, age 20, of Alpharetta, Georgia, now will attend one of the two week-long American Numismatic Association 2014 Summer Seminar sessions courtesy of PNG.

Crosby was introduced to coins by her family at an early age with gifts of proof sets.  She began working part-time earlier this year for PNG Member-Dealer John B. Hamrick in Alpharetta while continuing her studies in communications at Georgia Perimeter College.

“To be able to travel to coin shows and meet so many ‘legends’ in numismatics in person has been a wonderful experience.  John (Hamrick) has been so patient teaching me and helping me learn about this fascinating world of coins”, explained Crosby.

In her PNG scholarship competition essay, she wrote about the excitement of making her first coin sale for Hamrick’s company during the ANA National Money Show in Atlanta this past February.  It was a 1926-D Double Eagle that she sold for $20,160.

“I was so thrilled, and my co-workers were incredibly supportive.  Making a sale like that with the little knowledge I had gained thus far about coins felt truly amazing and gave me the confidence to pursue a career in the numismatic field.”

Crosby wants to take a digital photography class during this year’s ANA Summer Seminar in Colorado Springs, Colorado.

Her parents, Greg and Carol Crosby, are delighted she won the PNG scholarship.  “We were both very proud and very excited for her to have such a wonderful opportunity.  Tara has always been very passionate in her interests and we have no doubt she will be successful in wherever she applies herself,” said her father who introduced the couple’s children to coins.

“Each year since the birth of our three children, one of the gifts they always received was a United States Mint proof set for that year.  We have done so up to the age of 21.   So, all the children have a complete set of 21 proof sets.  Tara will receive her final one in July when she turns 21,” he explained.

The PNG YN Scholarship Competition is open each year to applicants between the age of 13 and 22.  Entrants submit a short essay outlining why they should be chosen as the scholarship recipient.

“The scholarship covers airfare, tuition for one of the two week-long Summer Seminar sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters,” said PNG Executive Director Robert Brueggeman.

The money to pay for the annual PNG YN Scholarship is administered from PNG’s Gerald Bauman Memorial Fund. Bauman, who died in 2001, served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City.

The PNG is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and seven other countries.  PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information, visit online at www.PNGdealers.org or call (951) 587-8300.

###

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The dollar’s decline from the gold standard

April 21, 2014 in Currency, Education, Gold, Gold Coins, Investing, Money, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, US Federal Reserve, US Mint

April 20, 2014. By: David John Marotta and Megan Russell. (http://www.dailyprogress.com)

The U.S. dollar was first regulated by the Coinage Act of 1792 and prescribed as 371.25 grains of pure silver. The eagle, worth $10, was 247.5 grains of gold. One cent, worth a hundredth of a dollar, was 24 grains of copper.

The value of the metal contained in the currency kept prices relatively constant before the founding of the Federal Reserve. During those 120 years, prices rose only 3 percent. In contrast, during the 100 years since the Federal Reserve, prices have risen 2,280 percent.

The Constitution gives Congress the power to “to coin money” and “regulate the value thereof.” This dictum was understood to be setting the currency’s weight and metallic content and was necessary to allow the currency to keep up with a growing economy.

Full article at the source>

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US Mint Sales Report: Strong Debut for Great Smoky Mountains 5 oz Silver Coins

April 16, 2014 in Coins, Collecting, Commemorative, Gold, Gold Coins, Market Report, News, Numismatica, Numismatics, Silver, Silver Coins, US Mint, USA Coins

April 15, 2014 By Michael Zielinski (http://news.coinupdate.com)

The latest weekly United States Mint numismatic product sales report includes the opening figures for a number of recently released products. This includes the Calvin Coolidge Presidential Dollars, 2014-W Uncirculated American Silver Eagle, and the 2014-P Great Smoky Mountains National Park Five Ounce Silver Coins, which saw an extremely strong debut.

The US Mint began accepting orders for the Great Smoky Mountains Five Ounce Silver Coins on April 7, representing the first numismatic release of the year for the series. These coins are struck in 5 troy ounces of .999 silver with a wide diameter of 3 inches showcasing the artistry of the America the Beautiful Quarters Program.

Full article at the source>

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Numismatic Gold Coin Price Increase Possible

April 16, 2014 in Coins, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

By

2013 American Eagle One Ounce Gold Proof Coin

2013 American Eagle One Ounce Gold Proof Coin

Based on the available data, it is possible that the prices for the United States Mint’s numismatic gold coins may be increased tomorrow. The pricing change would impact the recently released 2014 Proof Gold Eagle products.

The US Mint determines prices for numismatic gold and platinum products based on the average weekly prices of the metals. The average is calculated based on the London Fix prices from the prior Thursday AM to the current Wednesday AM. If the calculated average moves into a higher or lower tier established at $50 intervals, then a pricing change may take place. A secondary criteria requires that the Wednesday AM Fix price must agree directionally with any change.

The available data from April 10 to April 15 place the weekly average well within the $1,300 to $1,349.99 range. This is one tier higher than the range used to establish current product prices.

Full article at the source>

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Flintstones Cartoon Characters Featured on New Collector Coin

April 15, 2014 in Coins, Coins for sale, Collecting, Commemorative, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Michael Alexander. April 14th, 2014 (http://news.coinupdate.com/)

The Treasury of the Government of Niue has launched a new collector’s coin which features characters from The Flintstones. The main character’s catch-phrase “yabba dabba doo” is instantly recognized and imitated by enthusiastic watchers over the last five decades!

First broadcast in the United States on the 30th September 1960, the Flintstones, promoted as a modern stone-age family, is an animated series set in pre-historic times and which was figuratively based on the 50’s classic TV series “the Honeymooners.” The main character Fred Flintstone is a “bronto-crane” operator at the Slate Rock and Gravel Company and the head of the Flintstone clan consisting of his wife Wilma, pet dinosaur “Dino” and from the end of the third season, their little girl Pebbles. Their next door neighbors Barney & Betty Rubble along with son Bamm-Bamm completed the ensemble which was to last six seasons and include 166 original episodes. The now classic series concluded its run on the 1st April 1966 and was followed with updated versions of the Flintstone & Rubble families with the “Pebbles and Bamm-Bamm Show” in 1971, “The Flintstone Comedy Hour” in 1972 and “Fred Flintstone and Friends” in 1977.

Full article and pictures at the source>

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NGC Grades 30 Millionth Coin

April 15, 2014 in Coin Grading, Coins, Collecting, Grading, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics

News 4/15/2014.  By: Certified Collectibles Group. (http://www.collectiblesgroup.com/)

Over the last four years, NGC has graded more than 10 million coins, and in the process, became the first certification service to break the 20-, 25- and 30-million-coins-graded barriers.

Numismatic Guaranty Corporation® (NGC®) graded its 30 millionth coin this week and is the first third-party coin grading service to reach this important milestone.

There has been extraordinary demand for NGC certification in world markets — as well as strong growth domestically. Over the last four years, NGC graded more than 10 million coins, and in the process, became the first certification service to break the 20- and 25-million-coins-graded barriers.

“This has been an unprecedented period of growth for NGC certification, and we are honored to be the world’s largest and most trusted third-party coin grading service,” said NGC Chairman Mark Salzberg. “The number of coins a certification service has graded is a key indicator of market acceptance, which is something every collector and dealer looks at when they sell a coin.”

Full article at the source>

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N.L. coin sells for more than $100,000

April 14, 2014 in Antique Coins, Auctions, Canadian Coins, Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, World Coins

By: Mark Rendell Special to The Telegram. April 14th, 2014. (http://www.thetelegram.com)

Rare gold piece sets record

Rummage through dad’s old coin collection. Check grandma’s trunk. If you have an old Newfoundland coin lying around, you may make a fair dollar.

On April 11, one of these coins sold for US$102,812.50 at a major auction in Chicago. The $2 gold coin is, according to Rod O’Driscoll, owner of East Coast Coins, the most expensive Newfoundland coin ever sold.

It was minted in 1865 to test a design for the Newfoundland $2 coin. The design wasn’t chosen, so the coin is one of a kind.

On its way to the auction block, said O’Driscoll, the coin passed through some interesting hands. In 1910 it appears to have shown up in the British Museum in London. A little later it found its way into the collection of King Farouk of Egypt.

In a 1969 article, coin specialist Fred Bowman listed it as one of Canada’s 10 rarest coins, and most recently it was sold in 1995 from the world famous Emory May Norweb collection for close to  $40,000.

Full article at the source>

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The die that struck Britain’s first coins?

April 11, 2014 in Ancient Coins, Antique Coins, British Coins, Coins, Collecting, History, Museums, Numismatica, Numismatics, UK Coins, World Coins

Ian Leins and Emma Morris, curators, Department of Coins and Medals, British Museum.  April 11th, 2014

One of the most recent acquisitions made by the Department of Coins and Medals is a highly unusual object – an ancient punch or ‘die’ used to manufacture coins in the second century BC. The die was found in Bredgar, Kent by a metal detector user in 2013 and is being used to shed new light on when the first coins were made in Britain.

The earliest coins found in Iron Age Britain date from around the second century BC and, until recently, it was believed that they were produced in Gaul (a region roughly equivalent to modern day France and Belgium) and imported into south-east England. These coins, known as Gallo Belgic A, were based on the gold coinage (staters) issued by King Philip II, ruler of the Greek kingdom of Macedon from 359 – 336 BC and father of Alexander the Great.

Full article at the source>

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Government wants its rare penny back

April 9, 2014 in Antique Coins, Auctions, Coins, Collecting, News, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

La Jolla men had hoped to sell unique aluminum coin for $250K

By Dana Littlefield .April 8, 2014 (http://www.utsandiego.com)

Randy Lawrence and Michael McConnell had a plan.

The two friends, brought together by serendipity and an extremely rare penny, were going to auction the coin later this month and donate part of the proceeds to charity. The one-of-a-kind 1974-D aluminum penny was expected to fetch $250,000 or more.

But now the U.S. government wants it back.

A lawyer for the United States Mint sent a letter to the men in February stating that because the aluminum penny was never issued as legal tender, the coin remains property of the federal government, regardless of how long it was in private hands.

Lawrence, a real estate agent, inherited the penny from his father in 1980. He recently sold it to McConnell, owner of the La Jolla Coin Shop, who later uncovered the penny’s history and notified Lawrence.

Now the men are taking the issue to federal court. They filed a lawsuit last month seeking a judgment from the court declaring that they, not the government, are the coin’s true owners.

Meanwhile, plans to auction the penny remain on hold.

Full article at the source>

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http://numismatica.com/1974-d-aluminum-lincoln-cent-on-display-at-long-beach-expo/

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700-year-old coin found during Bannockburn dig

April 9, 2014 in Ancient Coins, Antique Coins, Archaeology, Coins, Collecting, English Coins, History, News, Numismatica, Numismatics, Pennies, Rare Coins, Silver, Silver Coins, World Coins

By George Mair April 9th, 2014 (http://www.scotsman.com)

A 700-YEAR-OLD English coin has been found near the abbey where the victorious Robert the Bruce took booty from the Battle of Bannockburn.

The silver penny was discovered yards from Cambuskenneth Abbey, near Stirling, by archaeologists looking for artefacts from the time of the 1314 battle.

The small coin, minted in London during the late 13th or early 14th century, may have been a month’s wages for a soldier in Edward II’s defeated army.

Experts from GUARD Archaeology, who led a metal detector survey of the area, believe it may have been among the spoils of battle taken back to the abbey by the Bruce from the battlefield.

Warren Bailie, GUARD’s battlefield archaeologist, who led the search, said today: “This coin would have been in circulation in 1314 and could relate to the Battle of Bannockburn.

“Cambuskenneth Abbey was where the Scots’ baggage train was held before the battle and where they returned to immediately afterwards.

“It was where the booty was taken from the battlefield, so it could potentially have been dropped booty.

“It was worth quite a lot of money at that time — perhaps a soldier’s wage for that month.”

Cambuskenneth Abbey is one of the few places specifically mentioned in near contemporary accounts of the Battle of Bannockburn.

Full article at the source>

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Sales Begin for 2014-P Great Smoky Mountains 5 Ounce Silver Uncirculated Coin

April 9, 2014 in Coins for sale, Collecting, Commemorative, News, Numismatica, Numismatics, Quarters, Silver, Silver Coins, US Mint, USA Coins

April 8, 2014 By Coin Update (news.coinupdate.com)

2014 America the Beautiful Five Ounce Silver Uncirculated Coin™ - Great Smoky Mountains National Park, Tennessee

2014 America the Beautiful Five Ounce Silver Uncirculated Coin™ – Great Smoky Mountains National Park, Tennessee

2014 America the Beautiful Five Ounce Silver Uncirculated Coin™ - Great Smoky Mountains National Park, Tennessee

2014 America the Beautiful Five Ounce Silver Uncirculated Coin™ – Great Smoky Mountains National Park, Tennessee

On April 7, the United States Mint began accepting orders for the latest coin in the America the Beautiful Five Ounce Silver Uncirculated Coin series. The coin features Great Smoky Mountains National Park located in Tennessee, representing the twenty first release within the ongoing series.

The reverse design carries the depiction of a historic log cabin located situated within the park, incorporating a view of the lush green forest and mountains beyond. A hawk is pictured circling in the air above. Inscriptions include “Great Smoky Mountains”, “Tennessee”, “2014”, and “E Pluribus Unum”. The reverse was designed by Chris Costello and engraved by Renata Howard.

The obverse features the 1932 portrait of George Washington designed by John Flanagan, which was used as the original design for the Washington Quarter. The inscriptions include “United States of America”, “Liberty”, “E Pluribus Unum”, “In God We Trust”, and the denomination “Quarter Dollar”.

Each coin is struck in 5 troy ounces of 99.9% silver with an uncirculated finish. This numismatic version of the coin carries the “P” mint mark to represent the Philadelphia Mint.

Full article at the source>

Link To US Mint.gov Product Page 

 

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It’s all on the metal

April 8, 2014 in Ancient Coins, Antique Coins, Coins, Collecting, History, Numismatica, Numismatics, Rare Coins, World Coins

By: GEETA PADMANABHAN April 8th, 2014 (http://www.thehindu.com)

Coin collectors from Chennai talk about how their hobby connects them to people and civilisations

Raman Sankaran

Sit with Raman Sankaran for a spell-binding account of India’s coin history. “It is a 2,300-year-old saga,” he begins, and points out how our habit of throwing coins into rivers made riverbeds fertile land for coin harvests. “Archaeologists have excavated only a few Sangam Age coins, but found a huge quantity in river-beds.” He tells you how natural stones were polished and embellished to enhance their exchange value, how when Romans bought them off, silver was shaped into coins, group symbols punched on them gave birth to “punch-marked” coins. Copper came on the scene when silver went into short supply; coins were square-shaped with the popular animal elephant embossed on one side.

Full article at the source>

 

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New Coin Pays Tribute to Finnish Markaa and Numismatics

April 8, 2014 in Coins, Collecting, Commemorative, Gold, Gold Coins, History, News, Numismatica, Numismatics, Precious Metals, Proof Coins, World Coins

April 7, 2014 By Michael Alexander (http://news.coinupdate.com/)

The Mint of Finland have unveiled a new coin which remembers the first modern Finnish currency, the Markkaa, and pays tribute to Finnish coin collectors. Finland’s first publication especially dedicated to numismatics was published in 1745. The coin and medal collection of the Academy in Turku was begun in 1747 and the first known private collections in Finland are believed to have started in the 18th century.

On 29 March 1809, Finland was brought under Imperial Russian control and gained the status of an autonomous Grand Duchy within the Russian Empire until the end of 1917. With the collapse of Imperial Russia and since the head of state was the Czar of Russia, it was not clear who the chief executive of Finland was after the Russian revolution. The government declared independence on the 6th December 1917. Under some influence from Imperial Germany, supporters of Finnish independence, the Finnish parliament elected Prince Frederick Charles of Hesse, a brother-in-law of German Emperor Wilhelm II as the King of Finland and Karelia on the 9th October 1918. On the 9th November 1918, Wilhelm II had abdicated as Emperor due to the Central powers defeat of the Great War of 1914 – 1918 and Germany was itself declared a republic. Two days later, on the 11th November 1918, the Finnish government asked Prince Frederick to give up the crown and a Republican form of government was officially adopted on the 17th July 1919.

Full article at the source>

For further information on this and other coins available from the Mint of Finland, please visit their website at: http://www.suomenrahapaja.fi/eng/ Information available in Finnish, Swedish and English – international orders dispatched.

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Coin show spotlights Bank of Cape Fear

April 5, 2014 in Antique Coins, Bank Notes, Clubs and Associations, Coin Shows, Coins, Collecting, Education, Gold, Half Dollars, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Silver, Silver Coins, U.S. Notes, USA Coins, Young Collectors

By Ben Steelman. April 4th, 2014 (http://www.starnewsonline.com)

The Lower Cape Fear Coin Club will again sponsor the Azalea Festival Coin Show Saturday and Sunday.

We talked with Bob Neale, club past president, and Karen Foster, the club’s representative to the Azalea Festival.

Q. What’s special at the coin show for kids?

Foster: Gold History Corp. and people from the Reed Gold Mine State Historic Site will be letting people pan for gold again. For $5, you get a pan of dirt from an actual North Carolina mine. Don McNeely is a 30-year prospector, and he shows you how to do it. It’s worth the price just to talk to him. Also, since it’s the 50th anniversary of the Kennedy half-dollar, we’ll be presenting half-dollar sets to the winners in the Azalea Festival children’s art contest.

Facts

GO

What: The Lower Cape Fear Coin Club Coin Show
When: 10 a.m.-5 p.m. April 12 and 10 a.m.-3 p.m. April 13
Where: American Legion Post 10 building, 702 Pine Grove Drive
Admission:$1

Full article at the source>

 

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Medieval coin is ‘earliest find’ at castle excavation

April 5, 2014 in Ancient Coins, Antique Coins, Archaeology, Coins, English Coins, History, News, Numismatica, Numismatics, Pennies, Silver, Silver Coins, Treasure, World Coins

April 4th, 2014. Carrick Times. (www.carrickfergustimes.co.uk)

Archaeologists digging at Carrickfergus Castle have displayed their most exciting find yet with the discovery of a medieval silver coin.

The English short cross penny was uncovered in one of the excavation trenches last week as the eight-strong team nears the completion of the dig period.

The work is being undertaken by the Centre for Archaeological Fieldwork (CAF) at Queen’s University on behalf of the Northern Ireland Environment Agency.

Speaking to the Times last week, excavation director Ruairi O’Baoill said: “The coin dates from some time between 1200 to 1250, around the time of Henry II, Richard, John or Henry III. It’s the earliest artefact we’ve found so far.

“As it’s made from silver, I imagine the person who dropped it would have been annoyed to find they’d lost it!

Full article at the source>

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Secret Service launches probe of O.C. coin dealer Tulving Co.

April 4, 2014 in Coin Dealers, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins

By: Lily Leung. April 2nd, 2014 (http://www.ocregister.com/)

The Secret Service has opened an investigation into the Tulving Co., an Orange County precious-metals coin dealer under fire for allegedly taking customers’ money but failing to fulfill their orders.

Agency spokesman Max Milien confirmed the probe Tuesday but would not provide specifics, citing an ongoing investigation. In addition to providing security to current and former U.S. leaders and their families, the Secret Service also looks into financial crimes, from major fraud to counterfeit currency.

Meanwhile, the Tulving Co., which many in the industry called a major player, has filed for Chapter 11 bankruptcy protection. The Costa Mesa-based business reportedly owes $1 million to $10 million to as many as 49 creditors, according to a bankruptcy document filed last month.

Full article at the source>

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Judge orders Mt Gox CEO Mark Karpeles to US over missing bitcoins

April 3, 2014 in Bitcoin, Digital Currency, News, Virtual currency

Reuters | Apr 2, 2014 (http://timesofindia.indiatimes.com/)

Bitcoin

Bitcoin

The chief executive of Japan’s Mt. Gox, once the world’s leading bitcoin exchange, was ordered to the United States to answer questions related to its US bankruptcy case, filed after the company lost $400 million of customers’ digital currency.

US Bankruptcy Judge Stacey Jernigan has ordered Mark Karpeles to appear on April 17 in Dallas at the offices of Baker & McKenzie, the law firm that represents Mt. Gox.

Mt. Gox customers want its chief executive and majority owner, Karpeles, to explain why the exchange shut down in February and what happened to their 750,000 bitcoins, which the company said were stolen in a computer hacking attack.

Full article at the source>

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http://numismatica.com/mt-gox-finds-116-million-worth-of-bitcoins/

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Rare Coins Index Up Again, But “Know Your Dealer,” Advises Professional Numismatists Guild

April 1, 2014 in Coins, Collecting, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases

March 31, 2014 09:00 AM Eastern Daylight Time

TEMECULA, Calif.–()–Rare coins increased 10 percent in value over the past year and have increased 227 percent the past 10 years, according to the Luxury Investments Index in the recently released Knight Frank 2014 Wealth Report. The Professional Numismatists Guild (http://www.PNGdealers.org) estimates the vibrant U.S. market for high-quality, rare coins was about $5 billion in 2013, with a dozen individual coins selling for $1 million or more at auction last year.

However, numismatic experts caution that before making a rare coin purchase, investors should beware of unscrupulous “boiler room” dealers who may promise more than they deliver.

“Rare coins are an enjoyable hobby and part of some people’s long-term portfolios, but buyers should remember the important adage: If you don’t know rare coins, you better know your rare coin dealer,” said Terry Hanlon, President of the Professional Numismatists Guild (PNG).

Founded in 1955, the PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers. PNG members must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.

“As with stocks, bonds, fine art or real estate, the numismatic market is a highly specialized field,” explained Hanlon. “We encourage buyers to read about coins, learn the basics and work with a professional, expert dealer before making a large investment. PNG members must demonstrate knowledge, responsibility and integrity in their business dealings, and must agree to binding arbitration to settle any unresolved disagreements over numismatic property.”

A complete list of PNG member-dealers can be found online at www.PNGdealers.org. The Knight Frank Luxury Investments Index is available online at http://www.thewealthreport.net/luxury-investments/default.aspx#sthash.tdK2ICye.5fP1LzMT.dpbs.

For a copy of “The Pleasure of Numismatics,” an informative, 10-page illustrated, educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, CA 92590.

For additional information about the Professional Numismatists Guild, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, Calif. at (951) 587-8300.

Contacts

For Professional Numismatists Guild
Donn Pearlman, 702-868-5777

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