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FUN Heritage Auction Preview

December 31, 2016 in Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Fun, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Seminars, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

Traditionally, the FUN show held in Florida during the first few weeks of the new year is the location of the year’s first major auctions, and 2017 is no different. In conjunction with the show, Heritage Auctions will offer several thousand lots of U.S. and world coins and currency in both floor and online auction sessions. While there are too many highlights to cover all of them in a single article, we’ll still attempt to showcase some of the rarest and most exciting offerings that will come to the auction block in Fort Lauderdale, where the show is held this Full article at the source>

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

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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

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 PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Happy Holidays to all of our dedicated readers of Coinupdate.com

December 24, 2016 in Blogs, Coins, Collecting, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

By: Michael Alexander News.CoinUpdate.com (Coin Update News)

merry-christmas-michael-alexander-copy2

It’s been quite a year of new coins from all over the world, with the introduction of great numismatic and coin-collecting programs and many popular series that have remembered anniversaries and events such as the ones which took place during the First World War.

This year alone, the 2016 Rio Olympics were admirably staged in Brazil. Canada’s 150th anniversary of confederation, to be celebrated in 2017, was launched this year with new coins and a design competition for circulation coins. Finland’s centennial of independence is about to become a national celebration in this Northern European country. An eight-year series featuring all Full article at the source>

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

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Looking Ahead to 2017

December 20, 2016 in Auctions, Coin Shows, Coins, Collecting, Conventions, Education, Entertainment, Events, History, Investing, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

By: Dennis Hengeveld News.CoinUpdate.com (Coin Update News)

2017-gold-1473177563gn8

It’s hard to believe that a new year is right around the corner. And with 2017 rapidly approaching it is time for our yearly preview of the new numismatic year. 2016 saw a wide array of shows, auctions, and new products released around the world; it will be particularly difficult for the U.S. Mint to live up to the standard it set with its 2016 releases, which were anchored by the popular gold Mercury Dime, Standing Liberty Quarter, and Walking Liberty Half Dollar Centennial Gold Coins. In this article we will take a look at what’s in store for the… Full article at the source>

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

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Venezuela: High-Value Inflationary Denominations Replace Previous Series of Banknotes

December 20, 2016 in Blogs, Currency, Education, History, Investing, News, Numismatica, Numismatics, Opinion, World Coins

By: Michael Alexander News.CoinUpdate.com (Coin Update News)

venezuela-2016-note-series-main

The Banco Central de Venezuela have begun to recall the current 2008 series of banknotes and replace them with six new, higher-value denominations in an effort to stabilize the economy and enable the public to conduct everyday purchases.

As inflation has essentially rendered worthless the denominations of the Fuerte (“strong”) Bolivar—originally introduced in 2008, also as a means of controlling Venezuela’s then-runaway inflation—the series, which featured vertical obverse designs and included denominations from 2 to 100 Fuerte Bolivares, was introduced at a ratio of 1,000 old Bolivares to one new Fuerte Bolivar. At the time of its introduction, the exchange rate… Full article at the source>

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

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5 “Must Have” Books for all coin collectors

December 6, 2016 in Blogs, Coin Grading, Coins, Collecting, Education, Entertainment, Fun, Grading, History, Investing, Numismatica, Numismatics, Opinion, Rare Coins, Reference, USA Coins

By: Angela Raymond Liberty Coin and Currency Blog

red-book-2017

Coin collecting can be very daunting at times, but the authors of these books have given numismatists the knowledge they need to guide themselves through the world of coins. Making sure to include as much information as possible in these excellent reference books, collectors and coin enthusiasts can feel more at ease when completing their next purchase.

The Whitman Guide to Coin Collecting

This must have book is an informative guide teaching every newcomer what they need to know. From collecting supplies, how to identify a fake… Full article at the source>

Source: Liberty Coin and Currency Blog

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Your guide to the lunar zodiac in the Year of the Rooster

December 6, 2016 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, Fun, Gold, Gold Coins, History, Investing, Numismatica, Numismatics, Perth Mint, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

lunar-all-signs

Click image to discover your lunar animal

Buddha and the 12 lunar animals

The ancient Chinese Lunar Calendar, which dates back beyond 2600BC, is reputedly the longest chronological record in history. According to a popular version of its founding legend, Buddha called on every animal to attend on him prior to departing to the next life. Only 12 animals arrived to honour the sage and in recognition of their allegiance he rewarded each one with a place in the famous lunar zodiac.

In some versions of the story, Buddha asked the animals to race across a river. Not the greatest swimmer, the rooster… Full article at the source>

Source: Perth Mint Blog

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Blockchain Technology Allows Digital Investment in Precious Metals

December 1, 2016 in Crypto Currency, Currency, Digital Currency, Education, Gold, History, News, Numismatica, Numismatics, Opinion, Precious Metals, Royal British Mint, Virtual currency

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

blockchain-main-img

This morning there was a post on LinkedIn that caught my eye. It was a piece from the Telegraph that talked about how the Royal Mint is going to begin offering gold trading using blockchain technology.

If you’re asking yourself what “blockchain” means, I’m sure you’re not alone. I knew the term was somehow related to cryptocurrency, but that was all. I spent a couple of hours reading and bouncing ideas off my three-year-old, always a good sounding board, and decided to write a little bit about it.

Blockchain Technology

This is the technology that Bitcoin is based on. Don’t let words like… Full article at the source>

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

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