You are browsing the archive for 2017 January.

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Be Wary of So-Called “Trump Coins,” Cautions Professional Numismatists Guild

January 28, 2017 in Collecting, Education, Investing, Medals, News, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, PSA, Tokens, US Mint

CORRECTED: January 27, 2017
News media contact:
Robert Brueggeman, (917) 587-8300

Be Wary of So-Called “Trump Coins,”
Cautions Professional Numismatists Guild

 

(Temecula, California) – So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild (www.PNGdealers.org).  In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG.

“Buyers today may be bitterly disappointed tomorrow if they mistakenly thought these kinds of souvenir items would be great investments,” stated PNG Executive Director Robert Brueggeman.

The PNG is a nonprofit organization composed of many of the top rare coin and paper money experts in the United States and six other countries.

PNG President Dana Samuelson points out that the United States Mint has not issued any coins or medals depicting President Donald J. Trump.  

“The so-called Trump coins now in the marketplace are either privately issued tokens or medals and not legal tender coins; or are genuine U.S. Mint-produced coins that have been deliberately altered by private parties after they left the Mint; or are coins produced by foreign countries but usually intended only for collectors and not for circulation in those countries,” explained Samuelson.

Some of the “Trump coins” being sold to the public are touted as gold or silver plated, but PNG cautions that can be confusing or misleading to potential buyers.

“The plating may be simply a microscopically thin layer of silver or gold that’s worth only a dollar or two. These should not be considered as investments in precious metals.  These kinds of novelty items often have little or no secondary market value,” stated PNG Executive Director Robert Brueggeman.

PNG officials recommend that buyers and sellers contact members of their Accredited Precious Metals Dealers (APMD) program.  PNG-APMD members must adhere to a strict code of ethics in the buying and selling of coins and precious metals.

Information about APMD, its code of ethics and a directory of accredited dealers can be found at www.APMDdealers.org, or call the Professional Numismatists Guild at (917) 587-8300.

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PNG 2017 YN Scholarship Competition Announced

January 23, 2017 in ANA (American Numismatic Association), Coins, Collecting, Competition, Education, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Scholarships, Young Collectors

For immediate release
January 23, 2016

News media contact:
Robert Brueggeman for PNG, (951) 587-8300

PNG 2017 YN Scholarship Competition Announced
Professional Numismatists Guild logo

Professional Numismatists Guild logo

 (Temecula, California) — The Professional Numismatists Guild (www.PNGdealers.org) will provide a scholarship to a deserving young numismatist (YN) to attend one of the six-day sessions of the 2017 American Numismatic Association (www.money.org) Summer Seminar in Colorado Springs, Colorado. 

“This is the 13th consecutive year of PNG YN scholarships for the popular, annual ANA educational programs.  The PNG scholarship will cover airfare, tuition for one of the two week-long Summer Seminar sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters,” said PNG Executive Director Robert Brueggeman.

            “All young numismatists between the ages of 13 and 22 are eligible to enter and are cordially invited to apply for the scholarship.  Entrants must submit a short essay outlining why they should be chosen as the 2017 scholarship recipient.  The deadline for receipt of the entries is Thursday, April 13, 2017,” explained Brueggeman.

            Entries must include the applicant’s name and contact information. The essays can be sent by email to info@PNGdealers.org or by mail to the PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA  92590. 

            The two separate 49th Annual ANA Summer Seminar six-day sessions will be held Saturday, June 17, to Thursday, June 22, and from Saturday, June 24, to Thursday, June 29, 2017.  Participants ranging from teenagers to seniors take class instruction on specific coin and paper money collecting topics or the hobby’s technical and business aspects.  Additional information about the ANA Summer Seminar can be found on the ANA website at www.money.org/summer-seminar.

“The PNG’s generous offer to provide a Summer Seminar scholarship to a deserving young numismatist not only supports the ANA mission of providing numismatic education but also invests in the future of numismatics — our YNs,” said ANA Executive Director Kimberly Kiick.  “We’re most appreciative of the Professional Numismatists Guild for their investment in the hobby and their support of the ANA.”

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

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

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$10 Million Coin Makes First Public West Coast Appearance

January 16, 2017 in Auctions, Coin Shows, Coins, Collecting, Conventions, Dollar Coins, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins, World Records

For immediate release
January 16, 2017
News media contact:

Steve Sloan, (949) 567-1223

$10 Million Coin Makes First Public West Coast Appearance

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

(Long Beach, California) — The Long Beach Coin, Currency, Stamp & Sports Collectible Expo is set to kick off 2017 with their first show of the year (www.LongBeachExpo.com). From February 16-18, 2017, the show will boast the hobby’s first $10 million coin on display, along with gold coin giveaways, educational opportunities for collectors, and as always, fun activities for kids.

Highlighting the many features of the Long Beach Expo is the display of the Bruce Morelan Collection of Early Dollars (booth 1348), featuring the 1794 Specimen Dollar, better known as the first, and only, coin to reach the $10 million mark at auction.

Compiled over years by famed collector Bruce Morelan, the set features 12 early silver dollars, dating from 1794 to 1803, and includes coins of such pedigree, value and grade that it is considered one of the most remarkable achievements in the annals of American numismatics.

“We are thrilled to have the privilege to showcase this unprecedented set and coin that many believe to be the first dollar struck on U.S. soil. In fact, we encourage visitors to take a picture with the coin, a piece of American history,” said Long Beach Expo President Cassi East.

The 1794 Specimen Dollar will be presented in a walk-through, museum-quality exhibition space, perfect for 360 degree views of the iconic coin.

In addition to hundreds of dealers from throughout the world of collectibles, two key players in the numismatic industry will be on-site. The U.S. Mint will be present, selling the latest commemorative coins at booth 1148, and PCGS will be grading coins and offering special labels for U.S. Mint releases at booth 807.  

“This is a great chance for collectors to get the latest U.S. Mint coins, then get their coins graded and holdered with special labels at the PCGS booth, all at one show. It’s a one-stop show for your collecting needs,” said PCGS President Don Willis.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Each year, the Long Beach Expo gives visitors various educational opportunities throughout the three-day show. For this upcoming show, The National Silver Dollar Roundtable (booth 1148) is offering a free silver dollar seminar on Thursday, February 16 from 2:30 to 4:30 p.m.

The show also gives visitors a chance to meet with a respected numismatist during “Meet the Expert” sessions. PCGS Founder David Hall will conduct the sessions during all three days of the show (booth 807), Thursday, February 16, 1 p.m. to 2 p.m.; Friday, February 17, 1 p.m. to 2 p.m.; and Saturday, February 18, 12 p.m. to 1 p.m.

Aside from educational opportunities and an abundance of collectibles from over 500 dealers, the Long Beach Expo is also fun for kids. Be sure to bring your kids by Saturday, February 18 to partake in our Treasure Hunt, where they have the chance to earn up to three PCGS-certified coins, Pokémon cards and a goodie bag,” said East.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day. Winners will be drawn at 1 p.m. each day of the show. Simply sign up for free at the registration booth.

The official auctioneer of Long Beach Expo, Heritage Auctions, will hold their Signature U.S. Coin Auction from Wednesday, February 15 to Friday, February 17.

For those locating their coins via the CoinSearch (m.collectorscorner.com), look for listings five to seven days before show day.

Free admission is available to the Long Beach Expo with promo code EXPOPR. Go to www.LongBeachExpo.com and click on the “GET PASSES” button.

The Long Beach Expo will take place February 16-18, 2017, at the Long Beach Convention Center. For additional information, including the schedule of events and a list of attending dealers, 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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Coin Valuation

January 14, 2017 in Blogs, Coins, Collecting, Education, Ethics, Investing, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

Coin Valuation is a very tricky subject

Valuing coins has become ever so difficult. Today, I cringe every time I see Collectors Universe Values (which are supposed to be full retail), the Gray Sheet (which thinks its retail but is pure wholesale), and auction prices (in my opinion, they are one of the few accurate sources for information-IF you understand them). So what the collecting public has to go by is a cluttered mess of pretty much inaccuracies.

I have yet to see any one entity that reports prices be fully up to date-at least for the kinds of coins I deal… Full article at the source>

Source: Legend Numismatics Hot Topics

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What’s the meaning of the citrine gemstone in this giant-sized coin?

January 10, 2017 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, Investing, News, Numismatica, Numismatics, Offers, Perth Mint, Precious Metals, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

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Citrine has been advocated by various groups over time for a variety of alleged powers and benefits.

For instance, it’s known as the ‘success stone’ by those who believe in its ability to promote prosperity and abundance, especially in business, where it’s also earned the nickname the ‘merchant’s stone’.

Said to radiate positive energy, citrine is worn next to the skin by people who credit it with healing properties – particularly in the case of stomach disorders.

On an emotional and spiritual level, others avow its ability to inspire optimism, generosity and enlightenment.

This 2017 Gemstone Edition includes a yellow citrine in the rooster’s… Full article at the source>

Source: Perth Mint Blog

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The Volatile State of Online Estate Auctions

January 9, 2017 in Auctions, Coins, Collecting, E-commerce, Ebay, Education, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, Technology, USA Coins

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

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For the past seven years I have bought and sold coins almost exclusively via the Internet, preferring estate auctions on Proxibid over other venues. I even created a blog, no longer active, called Proxiblog.org, to monitor the company. I still prefer Proxibid over other portals, even eBay—too much competition there, too little oversight, and too few actual auctioneers.

But even auction portals like Proxibid may be falling behind technological trends, and that can spell dire consequences for the hobby.

Before 2011, I bought coins almost exclusively from dealers and coin shows. When I started bidding on Proxibid, I discovered that I could… Full article at the source>

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

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The U.S. Mint and the U.S. Postal Service: Time for a Collaboration

January 7, 2017 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, News, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit. (Wikipedia photo by Djmaschek)

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit from the income, wherever the coins were sold. (Wikipedia photo by Djmaschek)

A few days ago, a postal carrier in Pocatello, Idaho, penned a letter to the editor of the Idaho Press-Tribune. In it, he noted that 2017 would once again be a challenge for the U.S. Postal Service. He cautioned that privatizing the USPS would create problems like reducing service to remote rural areas; …Full article at the source>

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

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Silver Krugerrand Test Strike on Display at F.U.N. Show in Fort Lauderdale

January 7, 2017 in Coins, Collecting, Education, Entertainment, Events, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, South Africa Coins, World Coins

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

2017-krugerrand-silver

A test strike of the first-ever silver Krugerrand is will be shown at the Florida United Numismatists (F.U.N.) Show in Fort Lauderdale, Florida. The coin will be on display from January 6 at Modern Coin Mart’s booth (#505), where it will be in a rotating display that will allow it to be viewed up close.

The South African Mint originally intended the silver Krugerrand to be available for purchase in North America on December 5, 2016. When the first shipment of coins arrived, however, the coins were found to have sustained damage during the trip. In a press release,… Full article at the source>

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

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Fun show report – Delayed

January 7, 2017 in Coins, Collecting, Conventions, Events, Market Report, News, Numismatica, Numismatics

By: Laura Sperber Legend Numismatics Market Report

Legend Numismatics wishes to thank everyone for their concerns. We are all safe and sound now.

We were never in harms way, however we were at the location of a suspected second shooting in a garage. It was unnerving. Swat teams all around us.

Due to the airports closure, we will not post a Market Report until late Sat or sometime Sunday. The same for most NEWPS

STAY TUNED!

The post FUN SHOW REPORT-DELAYED appeared first on Legend Numismatics.

Full article at the source>

Source: Legend Numismatics Market Report

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Littleton Coin Co. Becomes an Employee-Owned Company

January 5, 2017 in Coins, Collecting, Education, History, News, Numismatica, Numismatics, Press Releases, USA Coins, World Coins

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

(Littleton, New Hampshire)—Littleton Coin Company, one of America’s largest coin and currency dealers, today announced the formation of an Employee Stock Ownership Plan (ESOP). Owner David Sundman and his family have sold all of their stock in the company to the ESOP, making Littleton Coin a 100% employee-owned company effective January 1, 2017. Mr. Sundman will continue in his current role as President of the Company.

What is an ESOP?

An ESOP is a type of employee benefit plan most commonly used to transfer ownership of successful, privately owned companies as the owners approach retirement age. This supports job security for the… Full article at the source>

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

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