You are browsing the archive for 2014 December.

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Collectible Coin Protection Act Becomes Law

December 30, 2014 in Coins, Collecting, Education, Legal, News, Numismatic Crimes, Numismatica, Numismatics, Politics, US Government

By Michael Zielinski (News.CoinUpdate.com (Coin Update News))

replica-coin

Following several other recent actions in coin related legislation, President Obama has signed the Collectible Coin Protection Act into Law. The Act will serve to broaden the existing Hobby Protection Act by making it unlawful to sell unmarked replica coins.

The Hobby Protection Act, which was enacted in 1973, had made it illegal to manufacture or import into the United States for introduction into or distribution in commerce any imitation numismatic Full article at the source>

Source:: News.CoinUpdate.com (Coin Update News)

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Gold’s Long-Term Outlook Remains Positive, Says Michael Fuljenz

December 30, 2014 in Bullion, Coin Dealers, Gold, Gold Bullion, Gold Coins, Investing, News, Precious Metals, Press Releases

For immediate release
December 30, 2014

News media contact:
Paul Stein, (409) 860-9077, for Universal Coin & Bullion

Summary:
Even with a relatively flat year in gold prices in 2014, the outlook for higher, long-term gold prices is still quite positive, according to veteran gold dealer and award-winning newsletter writer, Michael Fuljenz, President of Universal Coin & Bullion.

Gold’s Long-Term Outlook Remains Positive, Says Michael Fuljenz

Michael Fuljenz, President of Universal Coin & Bullion.

Michael Fuljenz, President of Universal Coin & Bullion.(Beaumont, Texas) — “There are five solid reasons why the long-term outlook for gold remains positive and why it may climb to $1,500 an ounce or more in 2015,” stated Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) of Beaumont, Texas, who has been tracking and writing award-winning articles about the precious metals markets for decades.

“Public demand for gold coins was strong during the past year. Despite often negative and sometimes misleading comments on Wall Street about gold, there’s a continuing public demand for gold as a time-proven, long-term investment,” Fuljenz said.

He says there are five fundamentals that should push gold prices higher in 2015.

Central banks around the world continue to stockpile gold. Gold had a great year outside the U.S. Central bank buying accelerated in the second half of 2014, even as gold prices declined in terms of the U.S. dollar. I expect this trend of rising central bank gold buying to continue in 2015.

Lower prices prompted mines to close down. The average cost to mine an ounce of gold is $1168, so many mining operations were closed down when gold fell below $1200. Also, gold recycling fell to a seven-year low in 2014.

Exchange-traded fund (ETF) demand leverages gold’s rise. Throughout most of 2013 and 2014, the Wall Street crowd stayed out of gold, but the Wall Street herd usually invests in what’s hot, selling anything that falls. If gold should turn hot, the Wall Street crowd could again quickly jump on the gold bandwagon. Some hedge funds have slowly turning bullish on gold since this past August.

Demand for gold in Asia is almost certain to go up. India recently relaxed import restrictions and demand for gold continues in China as a currency hedge. Those two countries account for 30 percent of the world’s population, but more than 50 percent of global demand for gold.

The U.S. dollar should either fall or flatten out. That will give U.S. investors an advantage in the gold market.
“It’s a mistake to think that gold tracks inflation each year or month or even decade. Gold does not track inflation that closely. Gold is subject to the buying and selling of market traders, like any investment, but over time gold has proven itself to be an inflation hedge, a deflation hedge and a currency hedge,” Fuljenz said.

“The key for most investors is not to guess about gold’s price or currency trends, but to keep accumulating gold and silver-based investments at these bargain prices.”

He points out that since August 1971, when President Richard Nixon signed legislation allowing U.S. citizens to again invest in and hold physical gold assets, the Consumer Price Index of inflation has gone up about 480 percent while the price of gold has increased more than 3,300 percent.

“So, gold has beaten inflation by almost seven-fold since then. If you track it back to 1913, the year the CPI was started — and the same year the Federal Reserve was born — the CPI is up 23-fold while gold is up 58-fold. Gold has grown 2½ times the rate of inflation the past century.”

Mike Fuljenz has won dozens of prestigious national and regional news media and trade group awards and honors for his consumer education and protection work in rare coins and precious metals. Known as America’s Gold Expert®, he is a respected community leader in his hometown of Beaumont, Texas. Mike also has served with distinction as a consultant to the Federal Trade Commission, United States Mint and Royal Canadian Mint, and is on the Boards of Directors of the influential Industry Council For Tangible Assets and the Numismatic Literary Guild.

His award-winning weekly Metals Market Report newsletter is available free online at www.UniversalCoin.com.

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U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

December 29, 2014 in Antique Coins, Auctions, Clubs and Associations, Coin Dealers, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, Market Report, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 29, 2014

News media contact:

Donn Pearlman, for Professional Numismatists Guild Phone: (702) 868-5777

Summary:

The United States rare coin market was estimated at $5 billion in 2014, including a record of nearly $536 million of U.S. coins sold at major public auctions the past year, according to the Professional Numismatist Guild.

U.S. Rare Coin Auction Market Sets Record In 2014, Reports Professional Numismatists Guild

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild.  (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

(Temecula, California) — From a million dollars paid for an early American penny to $4.5 million paid for the first gold coin struck for the young United States, the market for high-quality, historic U.S. rare coins set another record for numismatic auctions in 2014. The overall U.S. rare coin market was estimated at about $5 billion, and a dozen coins sold for $1 million or more each at public auctions in 2014, according to a year-end tabulation by the Professional Numismatists Guild (www.PNGdealers.org).

The PNG is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.

“The prices realized for U.S. coins sold at major public auctions in 2014 totaled nearly $536 million, surpassing 2013’s record of nearly $393 million. Several important collections will be offered at auctions in 2015, and I anticipate we’ll again see record prices for so-called ‘trophy coins’ that combine historic significance, rarity and superb condition,” said PNG President Terry Hanlon.

“We estimate the overall coin market in the U.S. at about $5 billion in 2014. That includes auctions and private transactions made at coin shows, by mail order, online and at coin stores, but does not include numismatic bullion items or the modern coins sold directly by the United States Mint,” explained Hanlon.

“In the second half of the year, there was some softness in prices for relatively ‘common’ coins as gold and silver prices dropped, but the market for truly high-quality, historic rare U.S. coins continued to do quite well,” he said.

With the continuing trend of high prices for high-quality, historic rare coins, Hanlon cautioned: “We have an important saying in the numismatic marketplace. If you don’t know rare coins, you’d better know your rare coin dealer.”

These are the 12 U.S. rare coins purchased by winning bidders for $1 million or higher in 2014, and the auction companies that sold them:

1787 Brasher Doubloon with designer Ephraim Brasher’s “EB” punchmark on the eagle’s wing, graded by Numismatic Guaranty Corporation (NGC) as Mint State 63, $4,582,500 (Heritage Auctions).

1913 Liberty Head nickel, NGC Proof 64, $3,290,000 (Heritage Auctions).

1927 Denver Mint Saint-Gaudens Double Eagle ($20 denomination gold coin), NGC Mint State 66, $1,997,500 (Heritage Auctions).

1804 Draped Bust Dollar Class III type, NGC Proof 63, $1,880,000 (Stack’s Bowers Galleries).

1861 “Paquet Reverse” Double Eagle, graded by Professional Coin Grading Service (PCGS) Mint State 61, $1,645,000 (Heritage Auctions).

1792 Pattern Cent (Judd-1, Pollock-1), NGC Mint State 63+, $1,410,000 (Heritage Auctions).

1776 silver Continental Dollar, “CURRENCY” and “EG FECIT” variety, NGC Mint State 63, $1,410,000 (Heritage Auctions).

1927-D Saint-Gaudens Double Eagle, PCGS Mint State 63, $1,292,500 (Heritage Auctions).

1797 Half Dollar (Overton-101a) PCGS Secure Mint State 65+ PCGS Secure, $1,292,500 (Heritage).

1792 Half Disme (an early spelling of “dime”) (Judd-7, Pollock-7 variety) PCGS Secure Specimen 67, $1,292,500 (Heritage Auctions).

1794 Half Cent PCGS Mint State 67 red and brown color, $1,150,000 (Ira and Larry Goldberg Coins & Collectibles).

1811 Half Cent, PCGS Mint State 66 red and brown, $1,121,250 (Ira and Larry Goldberg Coins & Collectibles).

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

Sold for nearly $4.6 million, this 1787-dated gold Brasher Doubloon was one of a dozen United States rare coins that crossed the million dollar mark at auctions in 2014, another auctions record year for the estimated $5 billion U.S. rare coin market, according to the Professional Numismatists Guild. (Photo credit: Heritage Auctions.)

The auction companies responding to the PNG questionnaire about their 2014 auctions of United States rare coins were Bonham’s, David Lawrence Rare Coins, GreatCollections Coin Auctions, Heritage Auctions, Ira and Larry Goldberg Coins & Collectibles, Legend Rare Coin Auctions, Scotsman Coin and Jewelry, and Stack’s Bowers Galleries.

All prices include the buyer’s premium, if any, to reflect the actual total prices paid by the winning bidders. The PNG survey did not include 2014 auctions of paper money or coins produced by other countries (“world coins”), two areas of the numismatic marketplace that also experienced record prices for many items.

Founded in 1955, the Professional Numismatists Guild is composed of many of the country’s top rare coin and paper money dealers. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise. A complete listing of PNG member-dealers is available online at www.PNGdealers.org.

For a copy of “The Pleasure of Numismatics,” an informative, ten-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, California 92590.

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

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Perth Mint supports Heartkids this Christmas

December 19, 2014 in Australian Coins, Blogs, Charity, Numismatica, Numismatics, Perth Mint, World Coins

By Blog Team (Perth Mint Blog)

HeartsKidsWA

Santa made an early appearance in Perth today for kids with Childhood Heart Disease. Six babies are born with a heart defect every day in Australia, according to HeartKids, an organisation dedicated to providing encouragement and hope to families facing the challenge of CHD, while also raising awareness and vital funding. With a donation from The Perth Mint, the charity’s WA branch now has more than 200 Young Collectors coin albums to help Full article at the source>

Source:: Perth Mint Blog

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When a Coin Isn’t the Perfect Gift…

December 18, 2014 in News, Numismatica, Numismatics

By Michael Alexander

Clive Palmer Coin

Miners in Queensland Australia who are employed by the Palmer Nickel and Cobalt refinery had recently heard through the grapevine – they were in for a nice little Christmas surprise for all of their hard work and dedication. Well, that’s nice to hear wherever or whatever kind of work you do, especially if it’s from the heart and it shows that all you’ve done year-long is appreciated by the Boss & company.

However… what the Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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World War One pre-decimal coin pack – available now

December 16, 2014 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Copper Coins, History, News, Nickel Coins, Numismatica, Numismatics, Perth Mint, Precious Metals, Silver Coins, World Coins

By Blog Team Perth Mint Blog

WWI_Coin-pack

The launch of the Commonwealth’s own silver coins in 1910 and first bronze coins in 1911 were key events in the history of modern Australia.

A few years after their introduction, the young nation faced its biggest challenge to that point – a world war of unimaginable carnage and horror.

Drawing together these important themes, this superb pre-decimal coin pack offers collectors an example of all six Commonwealth coins featuring year-dates between the fateful years of 1914 Full article at the source>

Source: Perth Mint Blog

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Seven Anonymous Angels Drop Gold Coins in Red Kettles

December 15, 2014 in Blogs, Charity, Coins, Gold, Gold Coins, News, Numismatica, Numismatics, Precious Metals, Rare Coins, USA Coins

By admin (Liberty Coin and Currency Blog)

The holiday season is upon us, and most of us are beyond busy. With so much to do, it’s easy to lose sight of what the season is really about: giving. Well, coin lovers all over the country seem to know the true meaning of the holiday season. From the beaches of Florida to the […] Full article at the source>

Source: Liberty Coin and Currency Blog

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Firefighter medallion fans curiosity

December 11, 2014 in Blogs, Medals, Numismatica, Numismatics, Perth Mint

By Blog Team Perth Mint Blog

Do you know anything about this medallion?

Every summer the prospect of prolonged hot and dry weather creates the potential for destructive fires in Australia.

And each year firefighters put their lives on the line to protect people and property from the devastating consequences of fire.

As well as permanent and retained firefighters, there are also thousands of volunteer firemen and women who play a significant and vital role in defending communities all across Australia.

As the nation once again focuses attention on the bushfire Full article at the source>

Source: Perth Mint Blog

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What’s Hot And What’s Not: End of the Year Thoughts, 2014

December 11, 2014 in Blogs, Coin Dealers, Coins, Collecting, Education, Gold, Gold Coins, Numismatica, Numismatics, Opinion, Precious Metals

By Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

As much as I hate writing (and reading) “year in review” articles and blogs, 2014 saw so much activity—positive and negative—that I think some sort of end of the year treatment is an important feature for my regular readers. Instead of merely summarizing the year, I thought it might be more productive to look at what areas in the market are, as of the end of 2014, in demand or which are not. In other Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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Notes from the 2014 Libertad Underground

December 11, 2014 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, Gold, Gold Coins, History, Mexico Coins, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By Gabriel Leif Bellman World.mintnewsblog.com (News and Commentary on World Coins)

2014 Gold Libertad Proof Coin

Like the Dia De Los Muertos, the Mexican Libertad mintage number release days are cryptic, unnerving, and lead to profound thoughts like “I need to look into becoming the Indiana Jones of Mexican banking laws a little more closely- there’s got to be a way to find more of these.”

Libertads are as elusive as stock market manipulations by high frequency traders. But unlike the Nasdaq, Libertads feature beautiful nude women and eagles tearing apart Full article at the source>

Source: World.mintnewsblog.com (News and Commentary on World Coins)

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Big Day Yesterday for Gold and Silver

December 11, 2014 in Blogs, Gold, Investing, News, Opinion, Precious Metals, Silver

By American Federal (American Federal Rare Coin and Bullion)

graph 12-10

It was a big day for gold and silver yesterday, because they broke out of their respective 5-month downtrends. We had been expecting one last dip, but it didn’t happen. We can see the significance of this development on their 8-month charts below. This was an important achievement because as we can see. In the case of both gold and silver, this breakout involved a clear break above a zone of significant resistance, a clear… Full article at the source>

Source:: American Federal Rare Coin and Bullion

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50th Anniversary Kennedy Half Dollar Gold Proof Coin Limited to 75,000

December 5, 2014 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, Half Dollars, News, Numismatica, Numismatics, Proof Coins, Uncirculated Coins, US Mint, USA Coins

By Mint News Blog Mint News Blog (http://mintnewsblog.com)

gold-proof

The United States Mint has just announced a product limit of 75,000 for the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coin. The Mint has now either announced or adjusted product limits for all three of this year’s 50th anniversary Kennedy products during the course of sales.

The Uncirculated Coin Set containing two clad half dollars had gone on sale July 24, 2014 with no stated product limit and an ordering limit of five sets Full article at the source>

Source: Mint News Blog (http://mintnewsblog.com)

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Act now for guaranteed Christmas delivery

December 4, 2014 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Bullion, Gold Coins, Numismatica, Numismatics, Perth Mint, Precious Metals, Silver, Silver Coins, World Coins

By Blog Team Perth Mint Blog

XmasBestSellers

Please note the following deadlines for guaranteed Christmas delivery from The Perth Mint.

  • International customers – Today 4 December 2014
  • Australian customers – Monday 15 December 2014

Best Sellers

Some of this year’s best sellers include the Gold Filigree Egg Decoration, Teardrop Pendant with White and Pink Diamonds, Kailis Carbon Fibre Telescopic Pen, and 5g Gold Bullion Bar Pendant.

Whether you’re looking for stocking fillers or a sophisticated gift, check the full range of Christmas gifts here.

 Full article at the source>

Source: Perth Mint Blog

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New Orleans Half Eagles: An Updated Look

December 3, 2014 in Antique Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Education, Gold, Gold Coins, Gold Eagles, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

It has been a number of years since I’ve written about New Orleans Liberty Head half eagles and given the popularity of this series, I thought it would be nice to finish out 2014 with a fairly in-depth look at these coins. We will not only discuss the coins themselves but will also look at the market for New Orleans half eagles, with some personal observations about the coins and the series as a whole… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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PCGS Displays Finest Gobrecht Dollar Set At 2015 FUN

December 2, 2014 in Antique Coins, Coin Shows, Coins, Collecting, Collector Sets, Dollar Coins, Education, Grading, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
December 1, 2014

News media contact:
Steve Sloan, (949) 567-1223

PCGS Displays Finest Gobrecht Dollar Set At 2015 FUN

 

The finest PCGS-certified 1838 Gobrecht Dollar pattern (J-85), graded PCGS PR65, is among the Simpson Collection coins that will be on display at the January 2015 FUN convention. (Photo by PCGS.)

The finest PCGS-certified 1838 Gobrecht Dollar pattern (J-85), graded PCGS PR65, is among the Simpson Collection coins that will be on display at the January 2015 FUN convention. (Photo by PCGS.)

(Orlando, Florida) — The all-time finest 1836-1839 Gobrecht Dollar patterns set will be exhibited for the first time anywhere in public at the January 2015 Florida United Numismatists convention.  The display at the Professional Coin Grading Service (http://www.PCGS.com) booth, number 108, will be courtesy of the set’s owner, collector Bob R. Simpson of Texas, and Legend Numismatics of New Jersey.

“This impressive ten-coin set has a weighted grade point average of 55.683, and is ranked as the number one finest all-time set in the PCGS Set Registry®” said PCGS President Don Willis.  “The beautiful 1838 Gobrecht Dollar pattern (Judd-85) in this set is graded PCGS PR65, and is listed in the PCGS Population Report as Population 1 with none higher.”

Of the eleven coins required for this particular set, Simpson has all except the unique 1836 Judd-61.

“A dozen other high-grade Gobrecht Dollars from Simpson’s unprecedented collection also will be exhibited at the PCGS booth,” said PCGS Set Registry and Special Projects Director BJ Searls.  “Visitors to the booth at FUN can get a free, four-color illustrated souvenir brochure about the Simpson Gobrecht Dollars, while supplies last.”

These are the coins in Simpson’s PCGS Set Registry category “U.S. Patterns Gobrecht Dollar Patters – Silver (1836-1839)” with their Judd reference number, grade and ranking in the PCGS Population Report.

1836 J-58, PCGS PR65, none higher

1836 J-60, PCGS PR64+, none higher

1836 J-63, PCGS PR62, only one higher

1836 J-65, PCGS PR65, finest graded, none higher

1838 J-84, PCGS PR65, none higher

1838 J-85, PCGS PR65, finest graded, none higher

1838 J-88, PCGS PR64, none higher

1839 J-104, PCGS PR65, finest graded, none higher

1839 J-105, PCGS PR65, none higher

1839 J-108, PCGS PR64, none higher

“The Gobrecht Dollar is the coin that started it all for Liberty Seated coinage. Their historical significance could not be any more important to U.S. Coinage in the 1800s.  When I saw my first Gobrecht I was mesmerized. The sheer beauty, color, and size were astounding to me.  The design is so intricate.  Of all the coins I collect, I rank the Gobrechts as my second favorite behind $10 Indians,” Simpson explained.

“I thank David Hall and PCGS for allowing these coins to be displayed at FUN. I really hope people enjoy viewing these rarities. I can’t imagine many people have ever seen more than one at a time.  It’s been quite a challenge to build this set. With the help of Laura Sperber and George Huang of Legend Numismatics I have obtained many R-8s and a few unique pieces.  It is my dream to one day have a complete set of Gobrechts,” added Simpson.

The Simpson set can be seen online at http://www.pcgs.com/SetRegistry/alltimeset.aspx?s=127049

The PCGS Set Registry was established in 2001 and now hosts nearly 72,000 sets.  For additional information about PCGS and its services, visit http://www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

For additional information about the 2015 FUN Convention in Orlando, Florida, January 8-11, 2015, visit http://www.funtopics.com.

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