You are browsing the archive for 2014 May.

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U.S. Mint to lift ration for American Eagle silver coins

May 30, 2014 in Coins, Collecting, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

(Reporting by Frank Tang). May 30 (Reuters) – (http://www.reuters.com) The U.S. Mint said on Friday it will cease rationing its popular American Eagle silver bullion investment coins, as retail investment demand has waned.

The Mint, which started rationing the coins last year amid red-hot demand, said that its authorized dealers can buy as many silver Eagles as they wish effective Monday, June 2.

The U.S. Mint has been allocating, or rationing sales of silver coins to its authorized dealers since late January, 2013 following a brief suspension as unprecedented demand depleted silver coin blanks.

Full article at the source>

 

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Fake British Virgin Islands Crown Coins Surface

May 29, 2014 in Counterfeit, Fake Coins, News, Numismatic Crimes

May 28, 2014. By Michael Alexander (http://news.coinupdate.com)

In an effort to alert the public of a potential fraudulent coin being offered to the numismatic community, the office of the Premier of the British Virgin Islands has issued a communique to advise would-be collectors that a coin which has recently surfaced purporting to be a crown coin from their authority is in fact not an authorized coin from their Treasury. The theme of the coin is the recent Papal visit of Pope Francis to Brazil which took place in July 2013. An image of the Pope appears on the reverse of the coin, with an effigy of HM Queen Elizabeth II and the “2014” date on the obverse.

 Fake British Virgin Islands Crown Coins

Fake British Virgin Islands Crown Coins

The following text was included in the press release by the Premier’s office:

BUYERS BEWARE! FAKE BVI COLLECTOR’S COIN IN CIRCULATION

Thursday, May 22, 2014 – The Government of the British Virgin Islands is advising the public, especially coin collectors, that a ‘coin’ claiming to be issued in the name of the British Virgin Islands, has been offered for sale to coin dealers and the general public.

This ‘coin’ allegedly commemorates the visit of Pope Francis to Brazil and bears an image of Her Majesty the Queen on the front, together with the wording ‘British Virgin Islands.’

All interested parties are advised that this ‘coin’ has never been approved by the Government, the Foreign and Commonwealth Office or Her Majesty the Queen.

Immediate action is being taken to investigate the perpetrators of this distribution. In the meantime, the Government of British Virgin Islands is alerting any potential purchasers that this item is not an authorized coin.

Full article at the source>

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Amazon Launches Collectible Coins Store

May 28, 2014 in Coin Dealers, Coins, Coins for sale, Collecting, E-commerce, Gold, Gold Coins, News, Numismatica, Numismatics, Press Releases, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

Customers can now shop on Amazon for collectible U.S. coins from industry leading dealers including Stack’s Bowers Galleries, Kagin’s, David Lawrence Rare Coins and Liberty Coin
Historical collections available including buried treasure coins recovered in the Saddle Ridge Hoard

 

Amazon.com (R) Logo

Amazon.com (R) Logo

SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) announced today the launch of the Collectible Coins store (www.amazon.com/collectiblecoins), a marketplace that gives customers direct access to more than 10,000 unique U.S. coins from over 75 industry-leading dealers showcasing a wide variety of professionally graded and authenticated coins. The new store is one of the largest online destinations to discover and purchase graded U.S. coins, featuring easy-to-use search tools. Customers can explore a vast range of collectible, rare and historical coins from highly regarded dealers, including Stack’s Bowers Galleries, Kagin’s, David Lawrence Rare Coins and Liberty Coin.

“Collectors of rare coins are passionate about the hobby because coins represent the intersection of history, collectibility and wealth,” said Steve Johnson, director for the Amazon Marketplace. “Coins have been one of the most searched for items in our collectibles stores. The introduction of the Collectible Coins store was inspired by customer demand and the need to provide a unique experience for customers to discover graded and rare U.S. coins from reputable dealers. We’re thrilled to bring the excitement and discovery of coin collecting to Amazon.”

“Amazon can offer millions of new individuals access to the wonderful world of numismatics. With direct access to the Saddle Ridge Hoard Treasure, the largest buried treasure find in U.S. history, Amazon customers can appreciate why this collectible field is called the Hobby of Kings”

 

“Collecting rare coins is a unique opportunity to hold history in your hand, along with the knowledge that you own a lasting symbol that has inherent value and importance,” said Brian Kendrella, president for Stack’s Bowers Galleries, headquartered in Irvine, Calif. and with operations in New York City, Hong Kong and Paris. “We are excited about the opportunity to showcase our unique numismatic products to Amazon’s customers and reach a broad customer base that may be new to the joys of coin collecting.”

Customers seeking access to collectible and rare coins can now explore a wide variety of historical and back catalog coins on Amazon. The Collectible Coins store opens the world of coin collecting and allows every customer the chance to enjoy a hobby that has been around since the time of Julius Caesar. Customers can browse historic collections, including buried treasure coins from the Saddle Ridge Hoard recently discovered in California that received national notoriety including the 1866 $20 Liberty Head, No Motto for $1.2 million. The store also features hard-to-find and precious metal coins including Gold Buffalo, Morgan Silver dollars, American Silver Eagles and American Gold Eagles.

The Collectible Coins store allows every customer the chance to enjoy the experience of discovery. From rare coins to popular modern coins, the new store features a broad selection to suit any customer, from the experienced collector to a first-time buyer. Considered by many coin collectors and the Smithsonian as one of the most beautiful coins in the world, the 1907 $20 MCMVII Proof Ultra High Relief is available for $3.75 million. Customers can also browse the 1955 Lincoln Wheat Cent Double Die Obverse starting at $1,800, the 1889 CC Morgan Dollar for $8,560, the 1799 Bust Dollar for $5,170 and even the 1856 Flying Eagle Cent for $20,000. Enthusiasts and modern collectors will find back catalog coins and U.S. Mint sets starting from 1955 and the 2014 U.S. National Baseball Hall of Fame Commemorative set.

“Amazon can offer millions of new individuals access to the wonderful world of numismatics. With direct access to the Saddle Ridge Hoard Treasure, the largest buried treasure find in U.S. history, Amazon customers can appreciate why this collectible field is called the Hobby of Kings,” said Don Kagin, Ph.D, owner of Kagin’s Inc., based in the San Francisco area. “Coins are historical artifacts that tell us more about a culture or civilization than anything else. They represent history in your hands. Amazon has made a commitment to provide the necessary resources to make their store a vital and first class experience for the collecting public and coin dealers. It offers an alternative to other numismatic platforms that just do not reach as many individuals.”

“Liberty Coin offers one the widest selection of collectible coins found anywhere, including all of the U.S. Mint’s products produced since the 1950’s. After 48 years of building a successful rare coin business we now have the ability to reach a much larger audience,” said Jim Foster, CEO for Liberty Coin, headquartered in Los Angeles. “The opportunity to sell on Amazon is incredible. The Amazon customer experience is the best in the world and offers shoppers more product choices than anywhere online. The innovative marketplace with great features provides us with access to an enormous base of potential new customers searching for our coins.”

Dealers interested in selling in the Amazon Collectible Coins store can visit www.amazon.com/sellyourcoins.

About Amazon.com

Amazon opened on the World Wide Web in July 1995. The company is guided by three principles: customer obsession rather than competitor focus, passion for invention, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire, and Fire TV are some of the products and services pioneered by Amazon.

 

Contacts

Amazon.com, Inc.
Media Hotline, 206-266-7180
http://www.amazon.com/pr

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San Francisco’s Old Mint To Hold Rare Coin Exhibit & Auction For New Museum

May 27, 2014 in Antique Coins, Auctions, Charity, Coins, Coins for sale, Collecting, Events, Gold, Gold Coins, Museums, News, Numismatica, Numismatics, Precious Metals

SAN FRANCISCO (KCBS)— While someone in San Francisco won the $70 million SuperLotto prize this weekend and the mystery tweeter is planting hidden cash about the Bay, one California family is ready to cash in on its own buried treasure.

The Saddle Ridge Hoard has been heralded as the greatest buried treasure discovery in the history of the country. This Tuesday night the first coin from the hoard is set to go up for auction.

One year ago, a Sierra Nevada couple found eight cans in their backyard that were stuffed with 1,400 19th century gold coins. Rare coin expert, David McCarthy with Kagin’s, who specializes in early and rare U.S. coins, has been helping the couple to prepare their treasure trove for auction.

Full article at the source>

San Francisco Museum at the mint: http://www.theoldmint.org/

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2014 Toronto Coin Expo

May 27, 2014 in Bank Notes, Canadian Coins, Clubs and Associations, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Events, News, Numismatic Societies and Clubs, Numismatica, Numismatics, World Coins

May 30, 2014 to May 31, 2014 10:00 AM until 05:00 PM

Join us at the Toronto Coin Expo, Canada’s premier coin and bank note collectable show, located in downtown Toronto. Featuring 30+ internationally renowned coin and bank note dealers, representing Canada, United States, and the World of collectable currencies.

When: Friday May 30, 2014 – Saturday May 31, 2014: 10am – 5pm daily

Where: 789 Yonge Street (1 block north of Bloor) – Toronto Reference Library This is Toronto’s Coin Show, and you are sure to find one-of-a-kind treasures, and is an event you will want to attend! This is the best venue in Canada to Buy, Trade, Sell and Appraisals of your Gold & Silver coins, Bank Notes, Gold Jewelry, Diamond Rings at the highest prices. With world renowned dealers in attendance, you are sure to get the best market price. Combined with Canada’s leading numismatic auction houses, Geoffrey Bell Auctions, offering a superb array of numismatic items.

Full article at the source>

For more information:Telephone: 647-403-7334

Contact name: Jared Stapleton

Website: http://www.torontocoinexpo.ca

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Bitcoin Set to Overtake eBay’s PayPal in Transaction Volumes

May 26, 2014 in Bitcoin, Currency, Digital Currency, E-commerce, Ebay, Investing, News, Virtual currency

By: Jerin Mathew. May 24th, 2014 (http://www.ibtimes.co.uk/) (international Business Times)

Bitcoin

Bitcoin

Popular digital currency bitcoin is expected to overtake e-commerce giant eBay’s payment processor PayPal in terms of US dollar transactions in the near future.

California-based hedge fund Laureate Trust says that bitcoin is fast establishing itself as the currency to use globally and instantly to make purchases or payments over the internet recording nearly $300m (£178m, €220m) daily in transactions.

“Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized,” Peter Tasca, CEO of Laureate Trust, said in a statement.

“The digital currency works, Bitcoin has greater volume transactions than Western Union and we anticipate it will overtake PayPal later this year.”

PayPal processes payments totalling $315.3m every day, according to Statistic Brain.

“In the next one or two years, Bitcoin can surpass the dollar transaction volumes of other established payment companies including Discover, and even American Express, MasterCard, and Visa,” said SmartMetric CEO Chaya Hendrick.

Bitcoin was launched in 2008 and is traded within a global network of computers. They can be transferred without going through banks or clearing houses, reducing fees involved in the services significantly.

Full article at the source>

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Coin could be a clue to Anglo-Saxon murder

May 25, 2014 in Ancient Coins, Antique Coins, Auctions, Coins, Coins for sale, Collecting, History, News, Numismatica, Numismatics, Pennies, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

By: EastBourne Herald. May 23rd, 2014 (http://www.eastbourneherald.co.uk)

A unique Anglo-Saxon silver penny which provides a clue to the murder of an East Anglian king by a neighbouring monarch has been found in a Sussex field by an Eastbourne metal detectorist.

 

The 1,200 year-old coin minted during the reign of Æthelberht II will be auctioned at Dix Noonan Webb, the international coins and medals specialists, in London on June 11, when it is expected to fetch £15,000 to £20,000.

Darrin Simpson, a 48 year-old pest control specialist, was hurrying to shelter from a hailstorm in early March when he picked up a signal on his detector.

Full article at the source>

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Collecting on a modest budget still offers thrills

May 23, 2014 in Cents, Coin Dealers, Coins, Collecting, Copper Coins, Education, Numismatica, Numismatics, Quarters, US Mint, USA Coins

The Gold and Silver Mine By: Douglas Keefe. May 21st 2014. (www.shorenews.com)

Collecting coins doesn’t have to be an expensive endeavor (remember, I said collecting, not investing). There are many opportunities to collect United States coins on a modest budget.

One examples is Lincoln Cents starting from 1959, the year the design on the reverse of the coin changed from having two wheat stalks framing the words “One Cent” to the new design featuring the Lincoln Memorial. Although the earlier design with the wheat stalks, which were minted from 1909 until 1958, have virtually disappeared from circulation, the cents with the Lincoln Memorial are plentiful. So if someone wanted to start collecting these cents, they could purchase one of those inexpensive blue coin albums that have holes for each date and mint and then start going through their coins to try to fill all the openings in the album.

Full article at the source>

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Gold Bar and Coin Purchases Plunge to Four-Year Low in Q1

May 23, 2014 in Coins, Gold, Gold Coins, Investing, Money, News, Precious Metals

 By: Dan Weil May 22nd  2014. (www.moneynews.com)

Gold’s 6.5 percent rise in the first quarter apparently didn’t entice investors to purchase gold bars and coins.

Demand for those forms of the precious metal plummeted 39 percent in the quarter from a year earlier, to 283 metric tons, according to a report from the World Gold Council, CNBC.com reports.

“Caution permeated the market for small bars and coins during the first quarter, particularly in the more price-sensitive markets, as investors awaited a clear signal as to the future direction of the gold price following the huge levels of investment in 2013,” the report said.

Full article at the source>

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Mould for minting Roman coins found in Talkad

May 19, 2014 in Ancient Coins, Anthropology, Antique Coins, Archaeology, Coins, Counterfeit, Education, Fake Coins, Numismatic Crimes, Numismatica, Numismatics, Roman Coins, World Coins

By: Akram Mohammed, Mysore, May 19, 2014 (http://www.deccanherald.com)
For those who think financial fraud or circulating fake currencies is a modern day phenomenon, an ancient Roman coin mould on display at the Department of Archaeology, Museums and Heritage in the city is a startling revelation.

 

The Roman coin mould, which is being displayed for the first time since its excavation in 1993, indicates that fake coins were in circulation around 19 to 20 centuries ago. The terracotta mould is among the most important objects displayed at the exhibition, apart from terracotta figurines, iron objects, bronze dies, stone beads.

M S Krishnamurthy, a retired professor of Archaeology who led the team that unearthed the mould, told Deccan Herald that it was a mould for Roman coins in circulation during the first century AD. “The coins probably were minted either during the period of Augustus or his son Tiberius,” he said.

Full article at the source>

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The Numismatic Literary Guild Announces Its Annual 2014 Writers’ Competition and Its Subsequent August 7th, 2014 NLG Bash and Award Ceremony

May 16, 2014 in ANA (American Numismatic Association), Awards, Clubs and Associations, Competition, Conventions, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, USA Coins

The Numismatic Literary Guild (NLG) announced its rules and categories for the 2014 NLG Writers’ Competition. Members of the NLG who have written and published original numismatic work in print or other media between May 1, 2013 and April 30, 2014 are eligible to participate.

Houston, TX (PRWEB) May 16, 2014

Winners wanted. That’s the theme of the 2014 NLG Writers’ Competition, which is now under way.

As it has done for more than four decades, the Guild is preparing to honor the best books, articles, newsletters, auction catalogs, online publications and other works created in the realm of coins during the last year.

The entry deadline this year is June 17. That’s somewhat earlier than usual, but it was necessitated by the relatively early dates of the World’s Fair of Money, where awards are presented each year at the NLG Bash.

The 2014 ANA convention will take place Aug. 5-9 in Rosemont, Ill., and the Bash will begin at 8 p.m. on Thursday, Aug. 7, in a ballroom at the Hyatt Regency O’Hare, the main hotel for this year’s convention. The exact ballroom is yet to be determined.

The program will open with a sumptuous hot buffet, so Bashgoers are advised not to have dinner before the show. The buffet will be followed by the evening’s entertainment – skits, songs and satire – and the award ceremony, topped by presentation of the Guild’s highest honor, the Clemy Award.

It would be hard to imagine a more deserving Clemy recipient than last year’s honoree, Michael R. Fuljenz. Besides being a leading coin dealer and market maker, especially in the area of U.S. gold coinage, Mike, a former teacher and school board president, has been a prolific author and dedicated champion of numismatic education. Over the years, he has led dozens of ANA seminars and forums designed to promote the hobby. He also has fought hard to protect collectors’ interests in the legal and legislative arenas. Recently, he helped win passage of legislation eliminating sales taxes on coins in Texas and Louisiana.

Mike has been a major patron of the Smithsonian Institution. He and his wife, Karen, made a generous donation to help finance establishment of an expanded exhibit area for coins from the Smithsonian’s National Numismatic Collection.

As a writer, Mike has demonstrated not only great talent but also tremendous versatility. He has received NLG awards in more categories than almost any other writer and speaker, winning recognition for books, newspaper and magazine columns and articles, newsletters and online writings, as well as for forum presentations and television and radio programs. In 2013, he and Maurice Rosen were co-winners of the James L. Miller Award for best article in any medium, including both print and electronic.

Mike has been a supporter of the NLG for many years, and in recent years he has been, quite literally, the founder of the feast – for he has underwritten the cost of the lavish buffets provided at Bashes. He also has made his superb marketing director, Amy Powell, available as Bash coordinator.

In presenting the Clemy to Fuljenz, 2012 co-winner Jim Halperin described him as “a great advocate of the hobby and professional numismatics for decades” as well as “a great expert and researcher of many areas of numismatics, especially gold, and somebody who is responsible for attracting a lot of new collectors to the hobby.”

“But really,” Halperin said, “he’s just a really, really good guy and a great friend.”

In his acceptance remarks, Fuljenz expressed thanks to “the editors who have been very good to me over the years” and the professionals whose expertise has contributed to the success of his on-air appearances and video presentations.

“Your editors may not do the column, but they make it better, and they’ve been very special in helping,” he remarked. “There are a lot of people who make these things happen. They say it takes a village, and it does.

“And,” he added, “I appreciate what this means. I appreciate looking at the long list of people that have won this award and how special they are. They really are.”

Halperin and Steve Ivy, who are co-chairmen of Heritage Auctions, were joint winners of the 2012 Clemy. They chose Fuljenz as the 2013 honoree from a list of nominees supplied by the NLG Board of Directors. Similarly, Fuljenz will select this year’s recipient from a list prepared by the Board.

Wendell Wolka will serve again as host of this year’s Bash and Scott Travers will be presenter-in-chief of the awards. Scott is coordinator of the annual Writers’ Competition, with able assistance from Maurice Rosen, who helps him each year organize the hundreds of entries and distribute them to the judges.

An unsung hero in this labor-intensive process is Sal Germano, a coin dealer in Hawthorne, N.J., who graciously makes a storeroom available each year as reception point for the avalanche of entries sent by writers, editors and publishers.

The NLG Symposium will take place at 10 a.m. Thursday, Aug. 7, the same day as the Bash, at the Donald E. Stephens Convention Center – and a very special program is being planned. Based on the theme “The Great Ones,” the Symposium will feature a discussion of long-term trends in numismatic journalism and numismatic literature by a panel of distinguished experts. Tentatively scheduled to participate are Q. David Bowers, Harvey Stack and Larry Stack.

Anyone seeking further information about either the Bash or Symposium, or needing Bash tickets, should contact Scott Travers, Maurice Rosen or me at the convention or beforehand.

In addition to Heritage Auctions and Universal Coin & Bullion, the Beaumont, Texas, company headed by Mike Fuljenz, two other valued sponsors also are providing financial support for the year’s Bash. They are the Numismatic Guaranty Corporation of Sarasota, Fla., and the Certified Acceptance Corp. of Bedminster, N.J. Another good friend of the Guild, Ira & Larry Goldberg Auctioneers of Los Angeles, regularly provides significant support for ongoing NLG programs.

The financial contributions furnished by these sponsors have helped us maintain the Bash as a highlight of each midsummer ANA convention and also provide other services to members without any increase in dues.

 

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First Finders of Famous S.S. Central America Treasure Accuse Odyssey Marine of Trespassing, Ask Federal Marshals to Seize Recovered “Ship of Gold” Items

May 16, 2014 in Antique Coins, Coins, Gold, Gold Bullion, Gold Coins, History, News, Precious Metals, Press Releases, Ship Wrecks, Treasure, Treasure Hunting

For immediate release
May 16, 2014

News media contacts:

Mike Lorz. on behalf of Columbus-America Discovery Group
Office: (614) 443-1877  Cell: (614) 395-3884

Donn Pearlman, on behalf of Columbus-America Discovery Group
Phone: 702-868-5777

First Finders of Famous S.S. Central America Treasure Accuse Odyssey Marine of Trespassing, Ask Federal
Marshals to Seize Recovered “Ship of Gold” Items

(Norfolk, Virginia) — Federal court motions claiming misappropriation and trespass were filed on Thursday, May 15, 2014, against a Florida salvage company by the Ohio-based group that first discovered and recovered Gold Rush-era sunken treasure from the S.S. Central America, the fabled “Ship of Gold” that sank in 1857.

Columbus-America Discovery Group (CADG) claims that Odyssey Marine Exploration, Inc. is in violation of the law.  CADG is asking that U.S. Marshals immediately seize all the treasure recently salvaged by Odyssey from the Central America.  The recovered items currently are in Charleston, South Carolina, according to the court motions.

The S.S. Central America, a 278-foot long sidewheel steamer, was sailing from Panama to New York City with tons of California Gold Rush-era coins and ingots when it sank in a hurricane on September 15, 1857.  There were 447 passengers and 101 crew members; 425 of them died when the ship sank.

In addition to the human tragedy, the loss of the expected gold in New York led to the financial “Panic of 1857” that resulted in the closings of some banks and factories. A 1992 Life Magazine cover story proclaimed the recovered gold, “The greatest treasure ever found.”

During a scientific expedition in 1987, CADG originally located the wreck site in the Atlantic Ocean about 160 nautical miles off the coast of South Carolina and subsequently recovered thousands of gold coins and hundreds of gold ingots.  CADG claims it still has the exclusive rights to that site and any retrieved gold and artifacts.  CADG wants the federal court to reassert the company’s protected rights to any additional treasure found at the site.

The motions filed Thursday with the United States District Court, Eastern District of Virginia in Norfolk, Virginia, ask that federal marshals seize the latest items and any future items recovered by Odyssey and turn them over to CADG.  The items are believed to still be on board the vessel OSV Odyssey Explorer now docked in Charleston, South Carolina, according to CADG’s court filings.

“Columbus-America Discovery Group, which has done several previously impossible feats in the deep ocean and has been sued and challenged continuously for more than 20 years, is still fighting for its right to the deep ocean shipwreck site of the SS Central America,” said Milt Butterworth, CADG President.

“We are asking the court to uphold our permanent injunction, and allow CADG to fulfill its original purpose:  to conduct multi-disciplinary research and develop sophisticated deep-ocean technology, and to locate, explore, and recover the remains of the S.S. Central America.,” Butterworth stated.

One of the court motions states: “On or about April 14th an expedition aboard the OSV ODYSSEY EXPLORER…intruded into the injuncted sea area without the Court’s knowledge and permission….”

The motion also states: “In order to protect its Court awarded rights and its maritime lien interest in any gold or artifacts recovered from the wreck of the S.S. CENTRAL AMERICA, it is imperative that CADG be authorized by the Court to have the U.S. Marshal execute a warrant in rem against these same artifacts….”

CADG claims that Recovery Limited Partnership and its contract-salvor Odyssey Marine Exploration “and any person aiding, abetting and/or assisting the violation of the rights and protections of CADG are interlopers, have engaged in acts of conversion, misappropriation of tangible and intellectual property rights, trespass, violation of CADG’s injunctive, possessor, salvage and other rights, and have violated the permanent injunction.”
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Mother’s Day Centennial Commemorative Coin Act Introduced

May 16, 2014 in Coins, Commemorative, News, Numismatica, Numismatics, Politics, Proof Coins, Silver, Silver Coins, Silver Dollars, US Government, US Mint, USA Coins

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

On May 8, 2014 Senators Jay Rockefeller and Joe Manchin of West Virginia introduced a bill which would require the Secretary of the Treasury to mint coins in commemoration of centennial of the establishment of Mother’s Day.

Anna Jarvis is considered to be the founder of the modern Mother’s Day. The first official celebration took place May 10, 1908 at Andrew’s Methodist Episcopal Church in Grafton, West Virginia on the third anniversary of her mother’s passing. In 1910, the holiday was officially declared by the State of West Virginia. In 1914, the Sixty-Third Congress approved H. J. Res. 263 designating the second Sunday in May as Mother’s Day. President Woodrow Wilson issued a Presidential Proclamation the following day directing government officials to display the American flag on all government buildings and inviting the American people to display the flag at their homes on the second Sunday of May as a public expression of the love and reverence for the mothers of our Nation.

Full article at the source>

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Numismatic coin and silver stamp launched

May 15, 2014 in Coins, Collecting, Commemorative, News, Numismatica, Numismatics, Silver, Silver Coins, World Coins

May 14th, 2014. The Malta Independent (http://www.independent.com.mt/)

The Central Bank of Malta and MaltaPost this evening launched a joint product consisting of a numismatic coin and a silver stamp, commemorating the 50th anniversary of Malta’s Independence.  This product has also marked the start of a working relationship between the two institutions in the marketing and sales of the Bank’s numismatic and commemorative coin products.

The Central Bank and MaltaPost are responsible at a national level for the issue of coins and stamps respectively, two products very akin in nature, in that the reproduced themes commemorate events and phases in Malta’s rich history or personalities who have contributed to the Island’s social, cultural and political development.

Full Article at the source>

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Modern Greek Coin Sells for Record Price

May 13, 2014 in Auctions, Coins, Collecting, Gold, Gold Coins, Greek Coins, News, Numismatica, Numismatics, Rare Coins, World Coins

By: Coin Update. May 12th, 2014 (http://news.coinupdate.com)

An George I 1876 Gold 100-Dramchai broke the world record for any Modern Greek coin selling for £216,000 in A.H. Baldwin & Sons Ltd’s sale of European Coins from the Åke Lindén Collection on Wednesday 7th May 2014.

This exceptional rarity was from the collection of Swedish numismatist Åke Lindén, one of the world’s most prolific coin collectors. It sold in the latest of a calendar of worldwide auctions hosted by Baldwin’s presenting Lindén’s vast and esteemed collection.

Dimitri Loulakakis, Director of World Coins at A. H. Baldwin & Sons Ltd said: “Baldwin’s are pleased to see the continued successful dispersal of Åke Lindén’s collection, the price this George I 1876 Gold 100-Drachmai achieved illustrates the rigorous attitude Lindén had towards collecting top quality rarities and also the buoyancy of the current European coin market. We are thrilled with the outcome of the sale.”

Full article at the source>

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Decade on, coins to go public – Numismatists to study Nabarangpur treasure

May 12, 2014 in Ancient Coins, Antique Coins, Archaeology, Coins, Gold, Gold Coins, Indian Coins, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Treasure, World Coins

By: Namita Panda. May 11th, 2014 (http://www.telegraphindia.com/)

Bhubaneswar, May 11: Ancient coins unearthed a decade earlier in Nabarangpur district will be displayed at the State Museum and also be researched upon by numismatists and epigraphists.

The rare coins, which are now in the safe custody of the Nabarangpur district treasury, will shortly be supplied to the State Museum for detailed study, said sources at the state culture department.

In 2003-04, villagers discovered the rare coins near Kosagumuda in the district when present state tourism and culture secretary Arabinda Padhee was the collector there.

“The collection that was unearthed by chance by the local residents included unique silver and gold coins that were clearly ancient,” reminisced Padhee.

“The coins have a few Persian symbols and emblems of a spider and other images that were most likely propagated on coins during the Mughal era, may be under Akbar’s reign,” he said.

The villagers, following local traditions, considered it a bad omen to find coins under the soil and were hence worried. “They believed that to reverse the negative energy of the coins, a small shrine had to be built. I asked them to hand over the coins to the district treasury and in return ensured that the local administration helped the villagers build the shrine. Ever since, the coins were safely kept in the treasury,” said Padhee.

Last week, he requested the superintendent of the State Museum to collect the coins from the district collector of Nabarangpur so they are studied by experts and also displayed at both the district and state museums.

Full article at the source>

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‘Investors’ in R5 Mandela coins ripped off

May 12, 2014 in African Coins, Coins, Collecting, Commemorative, Education, Investing, News, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, World Coins

By: Angelique Arde and Margie King. May 11th, 2014 (http://www.iol.co.za/) Personal Finance.

If you have paid thousands of rands for a R5 Mandela coin, which you bought as an investment, you are neither an investor nor a collector. You are a “victim”, Glenn Schoeman, the president of the South African Association of Numismatic Dealers, says.

A R5 circulation coin commemorating Nelson Mandela’s 90th birthday is worth R5. It contains no precious metal and it is not rare. But cunning dealers, exploiting Mandela’s iconic brand, have talked up a market around these coins, which are on sale for anything from a couple of hundred rand to R1 million.

“The biggest problem in numismatics [coin collecting] at the moment is the Mandela R5 coin. That’s where the bulk of the rip-off is occurring,” Peter Wilson, the chairman of the National Association of Numismatic Societies, says.

“We have been warning the market for some time: there is little that’s rare about the Mandela R5 coin. And, no, it is not an investment,” he says.

Full article at the source>

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A record £516,000 for royal coin: Incredibly rare sovereign bearing head of Edward VIII and struck before abdication sold at auction

May 9, 2014 in Antique Coins, Auctions, British Coins, Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Proof Coins, Rare Coins, UK Coins, World Coins

By Daily Mail Reporter May 8th, 2014. (http://www.dailymail.co.uk)

  • Coin is one of two gold ‘proofs’ struck before planned 1937 coronation
  • But it was never properly struck because Edward VIII stepped down in 1936

An incredibly rare coin bearing the head of Edward VIII has sold for a record £516,000, the highest sum ever paid for a British coin.

It is one of only two ‘proof’ gold coins that were struck ahead of the production of commemorative sovereign coins to mark the king’s coronation in 1937.

But in December 1936 Edward abdicated in order to marry US divorcee Wallis Simpson, before the sovereigns were made, making the coins redundant.

Today the coin collector who bought it said he would have bid another 50 per cent to secure the coin he called ‘the greatest and most famous British coin of all.

Full article and pictures at the source>

 

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“Pawn Stars” Casting Team, United States Mint And Chinese Dealers At June 2014 Long Beach Expo

May 7, 2014 in Coin Shows, Coins, Coins for sale, Collecting, Grading, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, USA Coins

For immediate release
May 6, 2014

News media contact:

Steve Sloan, for Long Beach Expo, (949) 567-1223

“Pawn Stars” Casting Team, United States Mint And Chinese Dealers At June 2014 Long Beach Expo

(Long Beach, California) — In addition to the usual “Meet the Expert” opportunities for the public to have their coins personally examined by PCGS Co-Founder David Hall, visitors to the June 2014 Long Beach Coin, Currency, Stamp & Sports Collectible Expo will have a chance to show their interesting collectibles and historic artifacts to representatives from Leftfield Pictures, the company that produces the History Channel program, “Pawn Stars.”

There also will be daily “Meet the Chinese Coin Expert” sessions with top dealers from mainland China and Hong Kong.

The three-day Long Beach Expo will be held in the Long Beach, California Convention Center, 100 S. Pine Ave., Thursday, June 5, to Saturday, June 7.  Admission is free for visitors who register in advance online at www.LongBeachExpo.com and use the “Get Passes” Promo Code PAWNSTARS.

A “Pawn Stars” item information sheet also is online at www.LongBeachExpo.com and it should be filled out before bringing items to the casting event.

“Casting representatives from Leftfield Pictures, the company that produces the popular show about the colorful world of the pawn business, will be at the Long Beach Expo from 11 am to 2 pm on Friday and Saturday, June 6 and 7, to talk with visitors about vintage items they might want to consign or sell at the famous Gold & Silver Pawn Shop in Las Vegas,” said Expo President Cassi East.

“Sellers of all types of historical items are encouraged to come meet the casting director and producer.  This will be an exciting opportunity for anyone to bring in items for evaluation and for a possible appearance on a future ‘Pawn Stars’ episode,” emphasized East.

Additional attractions at the upcoming June Long Beach Expo include the United States Mint displaying and selling its latest products, and 20 PCGS-Authorized Dealers from mainland China will be attending the show to buy and sell.

There also will be appearances each day by former United States Mint

Chief Engraver John Mercanti, Baseball Hall of Fame coin designer Cassie McFarland and engraver “Rocky” Zhao who has created designs for over 40 Chinese commemorative coins and medals including the 2014 gold Panda.

“The United States Mint will have a special display about the popular, new 2014 Baseball Hall of Fame commemorative coins.  McFarland won a nationwide competition with her baseball glove design for the common obverse of the gold, silver and clad Hall of Fame coins,” explained East.

Mercanti served as the Mint’s 12th Chief Engraver and created over 100 U.S. coin and medal designs, more than any employee in Mint history.  The designs include the 1984 Olympic $10 gold coin, the 1986 Statue of Liberty dollar and the reverse of the American Eagle silver bullion coins.  Mercanti also is co-author with PCGS Vice President Miles Standish of a new book, American Silver Eagles: A Guide to the U.S. Bullion Coin Program.

Mercanti will conduct three public seminars, one each day at 1 pm in Room 102-B. The topics are: Thursday, “Development of the Ultra High Relief Gold Coin;” Friday, “Creation of the Australian Wedge Tailed Eagle Artwork;” and Saturday, “Audrey Munson the Queen of Manhattan.”

“We’re launching impressive new initiatives and working hard on must-see special attractions to make the Long Beach Expo a must-attend event for collectors, dealers and the general public,” emphasized East.

“With all of the excitement, tremendous activity, and soaring prices in the emerging Chinese coin market, as part of our celebration this year of the 50th anniversary of the Long Beach Expo, the upcoming show will feature a focus on the Chinese numismatic market.  Twenty dealers from China, including some of the most prominent in the Chinese rare coin market, will be at the show,” said East.

Visitors can have their Chinese coins appraised free at “Meet the Chinese Coin Expert” sessions (at booth #1249) on Thursday and Friday, June 5 and 6, from 3:00 to 5:00 pm, and on Saturday, June 7, from noon to 2:00 pm.

To meet the increasing demand for certified coins in Asia, PCGS has opened coin submission centers (www.PCGSAsia.com) in Hong Kong, Shanghai, Beijing and Guangzhou, and has a network of more than 90 PCGS Authorized Dealers in mainland China.

There will be two educational seminars at the upcoming Long Beach Expo to provide collectors, dealers and the general public an opportunity to learn about the growing numismatic marketplace in mainland China.  Both sessions will be in Room 102-A of the Long Beach Convention Center, and admission to the seminars is free.

PCGS Set Registry Manager BJ Searls will present “An Introduction to the PCGS Chinese Set Registry” on Friday, June 6, from 11 am to noon.

The second China-related numismatic seminar, “Introduction to Grading Chinese Coins,” will be presented by PCGS expert Mike Sherman on Saturday from 10:00 am to noon and it will be open to the public.

There will be additional educational seminars and club meetings, and special coin and stamp collecting activities for children on Saturday.  Information about the upcoming show’s special attractions is online at www.longbeachexpo.com/visitors/attractions.

Heritage Auctions (www.HA.com), the official auctioneer of the Long Beach Expo, will conduct a U.S. Coins Signature® Auction in conjunction with the show.

Heritage also will feature (at booth #400) a multimillion dollar display of vintage Chinese coins and other Asian highlights from the upcoming Platinum Night Auction at the Chicago ANA World’s Fair of Money on August 9. Items will include over 20 Chinese vintage issues in gold, including a 1916 $1 Pattern by L Giorgi and many silver highlights, including an 1867 Shanghai Tael (Hong Kong).

Many of the more than 500 collectibles dealers attending the Long Beach Expo will offer free, informal appraisals for the public’s coins, bank notes, stamps, sports memorabilia, estate jewelry and other items.  However, the “Pawn Stars” casting team will not be doing appraisals, only evaluating items to see if they are appropriate to appear on the show.

“The Pawn Stars are always on the lookout for sellers of unique and interesting historical items.  If you have a rare item that you want to sell or pawn, this could be your chance to be part of the show and eventually have Rick, Corey or ‘The Old Man’ assess your valuable items and make you an offer you can’t refuse!,” said Martin Hardy, Casting Director of “Pawn Stars.”

“If you have sports memorabilia, coins, stamps, antiques, autographed documents or collectibles that you want to sell, then we want to meet you in Long Beach,” Hardy stated.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16.  However, free admission coupons are available in advance online.  Show hours are Thursday and Friday from 10 am to 7 pm and Saturday from 10 am to 5 pm.

“Simply go to our website, www.LongBeachExpo.com, click ‘Get Passes,’ enter the special Promo Code, PAWNSTARS, and print out the coupon to present at the show’s registration desk,” said East.

For additional information about the June 5 – 7 show, visit online at www.LongBeachExpo.com, call the Long Beach Expo at (888) 743-9316 or email at LBExpo@collectors.com.

###

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Gold Recovered During First Reconnaissance Dive Indicates SS Central America Has Not Been Disturbed Since 1991

May 5, 2014 in Antique Coins, Coins, Collecting, Gold, Gold Coins, Gold Eagles, History, News, Numismatica, Numismatics, Precious Metals, Press Releases, Ship Wrecks, Treasure, Treasure Hunting, USA Coins

May 5, 2014. From Oddysey Marine Exploration. (http://ir.odysseymarine.com)

Expedition to Conduct Pre-Disturbance Survey, Archaeological Excavation, Scientific Experiments and Recover Remaining Gold Now Underway

TAMPA, Fla., May 5, 2014 (GLOBE NEWSWIRE) — Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), a pioneer in the field of deep-ocean exploration, recovered nearly 1,000 ounces of gold during the first reconnaissance dive to the SS Central America shipwreck site on April 15,2014.

Recovered gold included five gold ingots and two $20 Double Eagle coins (one 1857 minted in San Francisco and one 1850 minted in Philadelphia). The gold ingots were stamped with assayer’s marks and weights that range from 96.5 to 313.5 troy ounces.

The two-hour reconnaissance dive was conducted during the transit of Odyssey’s research vessel, the Odyssey Explorer, from the United Kingdom to Charleston, South Carolina, to mobilize for the project, which is being conducted under contract with the receiver of Recovery Limited Partnership (RLP). RLP director of operations Craig Mullen and RLP chief scientist/historian Bob Evans accompanied the Odyssey team for the dive operation. Mr. Evans previously served as chief scientist, historian and later as curator for the initial Central America recovery operations conducted between 1988 and 1991.

During the dive, Odyssey’s ROV ZEUS flew over the shipwreck to assess the current condition of the site. Gold ingots and other artifacts were clearly visible on the surface of the site during the dive and no excavation was required for their removal. Given the reconnaissance purpose of the dive, only five gold ingots, two gold coins, a bottle, a piece of pottery, a sample of the shipwreck’s wooden structure, and an element of a scientific experiment that was left at the site more than 20 years ago were recovered. The positions of the recovered artifacts were documented for archaeological purposes and will be noted in the detailed site plan that is being created. The archaeological excavation of the site will be undertaken once the pre-disturbance survey provides detailed documentation of the site.

“This dive confirms for me that the site has not been disturbed since 1991, when I was last there,” said Bob Evans chief scientist/historian for RLP.

RLP director of operations Craig Mullen added, “The skill exhibited and results achieved during the initial reconnaissance dive reinforces our belief that the Odyssey team was the absolute best choice for this project. In addition to the cargo recovery operation, we plan to collect deep-ocean biological samples for Dr. Timothy Shank, a deep-ocean biologist and head of the Molecular Ecology and Evolution Laboratory at Woods Hole Oceanographic Institution. Our objective is to document and provide Dr. Shank with samples of species that have returned to the site since previous operations ended. Odyssey’s documentation capabilities will contribute significantly to scientific understanding of deep-ocean biological processes. This continues a history of supporting scientific research at the site.”

Odyssey was selected for the project by Ira Owen Kane, the court-appointed receiver who represents Recovery Limited Partnership (RLP) and Columbus Exploration LLC (CE). The contract has been approved by the Common Pleas Court of Franklin County, Ohio, which has given Mr. Kane responsibility with overseeing the recovery project.

The archaeological excavation, valuable cargo recovery and ship-board conservation will be conducted and underwritten by Odyssey on behalf of RLP. In return, Odyssey will receive 80% of recovery proceeds until a fixed mobilization fee and a negotiated day rate are paid. Thereafter, Odyssey will receive 45% of the recovery proceeds.

About the SS Central America

The SS Central America was an 85-meter (280-foot) wooden-hulled, copper-sheathed, three-masted side-wheel steamship launched in 1853 as the SS George Law. Operating during the California Gold Rush era, the ship was in continuous service on the Atlantic leg of the Panama Route between New York and San Francisco, making 43 round trips between New York and Panama. The Central America was caught in a hurricane and sank 160 miles off the coast of South Carolina on September 12, 1857. When she was lost, the SS Central America was carrying a large consignment of gold for commercial parties, mainly in the form of ingots and freshly minted U.S. $20 Double Eagle coins. Because of the large quantity of gold lost with the ship, public confidence in the economy was shaken, which contributed to the Panic of 1857.

The Columbus-America Discovery Group, acting as agent for RLP, confirmed the location of the Central America shipwreck site in September 1988 at a depth of 2,200 meters (7,200 feet). Recovery operations were conducted over a four-year period (1988-1991) and a large quantity of commercial gold was recovered from approximately 5% of the shipwreck site during more than 1,000 hours of bottom time.

Odyssey Marine Exploration has been awarded the exclusive contract to conduct an archaeological excavation and recover the remaining valuable cargo from the SS Central America shipwreck.

About RLP

Recovery Limited Partnership (RLP) was organized in 1985 as an Ohio limited partnership to finance the SS Central America project. Columbus-American Discovery Group LLC (CADG), as agent for RLP, initiated an admiralty action in the United States District Court of the Eastern District of Virginia to establish ownership of the shipwreck and all of its contents. After more than a decade of litigation, the court ruled that CADG owned 92.5% of the recovered gold.

Ira Owen Kane was appointed as the receiver for Recovery Limited Partnership and Columbus Exploration LLC by the Common Pleas Court of Franklin County, Ohio. At the direction of the court, the goal of the receiver is to preserve and operate the business of RLP and Columbus Exploration for the benefit of the investors and their creditors, and to do so by initiating the operations necessary to recover valuable cargo and cultural heritage items that remain on the SS Central America shipwreck site.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) is engaged in deep-ocean exploration using innovative methods and state of-the-art technology for shipwreck projects and mineral exploration. For additional details, please visit www.odysseymarine.com. The company also maintains a Facebook page at http://www.facebook.com/OdysseyMarine and a Twitter feed @OdysseyMarine. For additional details on Odyssey Marine Exploration, please visit www.odysseymarine.com.

Forward Looking Information

Odyssey Marine Exploration believes the information set forth in this Press Release may include “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the Securities and Exchange Commission on March 17, 2014. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties, and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey’s projections will depend upon unpredictable future events, many of which are beyond Odyssey’s control and, accordingly, no assurance can be given that Odyssey’s assumptions will prove true or that its projected results will be achieved.

CONTACT: MEDIA CONTACT:
         Liz Shows
         Odyssey Marine Exploration, Inc.
         (813) 876-1776 x 2335
         lshows@odysseymarine.com
         

         INVESTOR RELATIONS CONTACT:
         Ron Both
         Liolios Group, Inc.
         (949) 574-3860

         OMEX@liolios.com
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New Domed Coins for 2014 FIFA World Cup Brazil

May 5, 2014 in Coins, Commemorative, Gold, Gold Coins, Monnaie de Paris, News, Numismatica, Numismatics, Proof Coins, Silver, Silver Coins, World Coins

By

The Monnaie de Paris has released a set of gold and silver domed coins to mark the 2014 FIFA World Cup in Brazil. These coins may see some added attention following the United States Mint’s recent release of the extremely popular domed Baseball Hall of Fame Coins.

The authorizing legislation for the US Mint’s program actually made specific reference to a previous domed coin issued by the Monnaie de Paris. It was included as the sense of the Congress that the Baseball coins should be produced with concave and convex surfaces in a fashion similar to the 2009 International Year of Astronomy Coins.

Full article and pictures at the source>

 

 

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Historic silver coin hoard find in Riddlesden

May 2, 2014 in Ancient Coins, Antique Coins, Charity, News, Numismatica, Numismatics, Rare Coins, Roman Coins, Silver, Treasure, Treasure Hunting, World Coins

By: Miran Rahman. May 1st 2014. (http://www.keighleynews.co.uk/)

 charity fundraiser from Keighley who only recently took up metal detecting is already celebrating a major archaeological discovery.

Stephen Auker, 57, has struck gold… well, silver to be precise!

He has discovered dozens of silver Roman coins at a site in Riddlesden, the precise location of which is being kept secret.

The coins are all more than 1,700 years old, and date from the time of famed Roman emperors such as Hadrian, Trajan and Marcus Aurelius. They have already been named ‘The Riddlesden Hoard’, but have still to be valued.

Full article and pictures at the source>

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Sacramento Coin Club Slips Rare Pennies Worth $80 Each Into Circulation

May 1, 2014 in Antique Coins, Cents, Coin Shows, Coins, Collecting, Conventions, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

By: Ron Jones. April 30th, 2014 (http://sacramento.cbslocal.com)

NATOMAS (CBS13) — There’s a penny floating around the Central Valley right now that’s worth $80.

Robert Shanks of the Sacramento Valley Coin Club says the group has dropped four rare pennies into circulation in advance of their 57th Spring Show in Natomas this week.

The four rare 1909 pennies bear an S, meaning they were minted in San Francisco. What makes it so rare is the wheat penny was only made between 1909 and 1958, meaning there aren’t many floating around in 2014.

Full Article at the source>

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