You are browsing the archive for 2017 April.

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“Cents and Sensibility” Act reintroduced, aims to convert U.S. coinage entirely to steel composition

April 25, 2017 in Blogs, Circulating Coins, Coins, Legal, Legislation, Money, News, Numismatica, Numismatics, Pennies, US Government, US Mint, USA Coins

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

1943-D over D steel cent. (Photo courtesy of Stack's Bowers Galleries)

1943-D over D steel cent. (Photo courtesy of Stack’s Bowers Galleries)

 

On April 6, Representative Steve Stivers (R-OH) reintroduced the Cents and Sensibility Act (H.R. 2067), which proposes “to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter-dollar coins, and for other purposes.”

Cosponsored by Rep. Joyce Beatty (D-OH) and Rep. Pat Tiberi (R-OH), the act is further described in a press release as “bipartisan legislation [that] lowers the cost of producing pennies, nickels, dimes, and quarters by ensuring they are minted with steel instead of minerals imported from outside the United… Full article at the source>

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

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The Law and Ultra Vires

April 24, 2017 in Ancient Coins, Blogs, Collecting, Education, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion

By: Wayne G. Sayles Ancient Coin Collecting

Cultural Heritage Lawyer Rick St. Hilaire, an apologist for cultural property nationalists and a critic of private ownership and trade in cultural property, has posted on his blog a quite lucid history of the Ancient Coin Collectors Guild (ACCG) experiences in District and Appellate Court over the past eight years. The post is surprisingly light on the editorializing or histrionics one might expect. It simply relates the facts and the positions of the two adversaries with reasonable clarity—as well as the judgement rendered. I highly recommend it to anyone with an interest in cultural property issues.

That… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Monster coin portrays ultimate prehistoric predator

April 21, 2017 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Commemorative, Investing, New Releases, News, Numismatica, Numismatics, Offers, Opinion, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

It was the flesh-eating monster that terrorised North America more than 65 million years ago. King of the tyrant lizards, Tyrannosaurus rex was a ferocious beast that literally ripped victims to shreds in its eagerness to devour them.

Standing up to 12 metres high, T. rex had a large, muscular tail essential for balancing its colossal neck and head. With only puny arms, its fearsome reputation was the result of massive jaws equipped with spitefully serrated dagger-length teeth.

 Testament to its awe inspiring violence, palaeontologists believe that in one mouthful, T. Rex could tear away more than… Full article at the source>

 

Source: Perth Mint Blog

By: Perth Mint

Published on Apr 20, 2017

http://www.perthmint.com.au
It was the flesh-eating monster that terrorised North America more than 65 million years ago. King of the tyrant lizards, Tyrannosaurus rex was a ferocious beast that literally ripped victims to shreds in its eagerness to devour them. Now, dinosaur fans can feast on this remarkable 5oz silver proof coin portraying a daunting image of the ravenous beast’s gaping mouth and lethal incisors. Limited to a maximum mintage of just 500, it’s sure to cause a feeding frenzy among collectors!

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ANA accepting submissions for numismatic literary competitions

April 19, 2017 in ANA (American Numismatic Association), Coins, Collecting, Competition, Education, Entertainment, Events, Fun, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Young Collectors

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

numismatist_

The American Numismatic Association (ANA) has announced two upcoming opportunities for numismatic literary awards and speaking opportunities, with deadlines for entry approaching in the next few weeks.

Young Numismatist Literary Awards

Entries are now being accepted for the 2017 ANA Young Numismatist Literary Awards competition. The awards program encourages young writers and promotes future numismatic authors and researchers. All submissions must be postmarked by May 15.

The contest is open to young writers in three age groups, all of whom will compete for cash awards and numismatic book vouchers. Article submissions will be evaluated by a panel of judges, including Bill Fivaz, Q… Full article at the source>

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

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ICTA’s Anti-Counterfeiting Task Force gets underway with steering committee and work groups

April 19, 2017 in Coins, Collecting, Counterfeit, Currency, Education, Fake Coins, History, Investing, Money, News, Numismatic Crimes, Numismatica, Numismatics, Press Releases, USA Coins

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

The Industry Council for Tangible Assets has named an 11-member steering committee and has formed eight work groups to begin the work of its Anti-Counterfeiting Task Force.

ICTA created the Anti-Counterfeiting Task Force in January and named Beth Deisher as its director. ACTF’s mission is to mobilize law-enforcement resources to protect the integrity of U.S. and world coinage by educating officials on the economic impact and growing threat of counterfeit circulating, collectible, and bullion coins.

“We are extremely pleased to have leaders step forward and volunteer their time and expertise as we begin working with various levels of law enforcement to… Full article at the source>

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

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The Tyvek banknotes of Haiti

April 19, 2017 in Bank Notes, Collecting, Collector Sets, Currency, Education, History, Money, News, Numismatica, Numismatics, Opinion, Paper Money

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

More and more countries all over the world are in the process of switching or have already switched their circulating currency to issues printed on plastic (polymer) materials. Polymer banknotes are much more durable than traditional paper banknotes, have better security features, and are cheaper in the long run. Examples of countries that have switched part or all of their currency to polymer banknotes are Australia, Brunei, Canada, the United Kingdom, and Vietnam, among others. These relatively modern banknotes have become a very popular field with collectors from around the world. For such collectors, the earliest issues to collect… Full article at the source>

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

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Bidding at auction

April 17, 2017 in Auctions, Coins, Coins for sale, Collecting, E-commerce, Education, Investing, News, Numismatica, Numismatics, Online Tools, Opinion

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

Bidding in an auction can be a fun and rewarding experience. This is particularly true of floor auctions, held around the world, where bidders compete for items through a variety of bidding options. While these options vary from auction house to auction house, most collectors can bid in auctions by being at the venue, bidding online, bidding by phone, placing a book bid prior to the auction, or having a representative bid for them at the auction. Each of the methods has its pros and cons, and in this article we will take a look at each of the various… Full article at the source>

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

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Plans Announced for 2017 PNG-ANA Numismatic Trade Show

April 12, 2017 in ANA (American Numismatic Association), Clubs and Associations, Coin Shows, Collecting, Conventions, Events, Grading, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, USA Coins

For immediate release
News media contact:

Robert Brueggeman, 951-587-8300

 

Plans Announced for 2017 PNG-ANA Numismatic Trade Show

(Denver, Colorado) April 12, 2017 – The first 50 public attendees at the 2017 PNG-ANA Numismatic Trade Show in Denver, Colorado, July 31, 2017, will each receive a certificate good for $100 off any purchase of $500 or more from a participating PNG member-dealer at the show.

For the convenience of collectors and dealers, the 2017 event jointly conducted by the Professional Numismatists Guild (www.PNGdealers.org) and the American Numismatic Association (www.money.com) will be held on one day instead of three.  This year’s PNG-ANA Numismatic Trade Show will be held in Hall F of the Colorado Convention Center, 700 14th Street, Denver, site of the ANA World’s Fair of Money® that begins the next day.

Representatives of Numismatic Guaranty Corporation (www.NGCcoin.com), the official rare coin authentication and grading service of PNG and ANA, and representatives of Professional Coin Grading Service (www.PCGS.com) will be on-site to accept submissions during the show.

“The PNG-ANA show gives you the upfront opportunity to see the best material available from the top dealers as well as an early opportunity to offer coins, bank notes, tokens and medals for sale to top buyers,” said PNG Executive Director Robert Brueggeman.

“It’s the biggest week in numismatics, but you can take your time in a less crowded, more relaxing environment the day before the general public arrives for the ANA show,” added PNG President Dana Samuelson.  

The PNG-ANA Numismatic Trade Show will be open to the public from 10:00 am to 4:00 pm, Monday, July 31. Public admission is $5 at the door; however, admission will be free for everyone who pre-registers for free admission at www.PNGdealers.org.

To pre-register and for additional information about the show and the availability of dealers’ tables for PNG and ANA member-dealers, visit online at www.pngdealers.org/png-events or contact the Professional Numismatists Guild by phone at 951-587-8300 or by email at info@pngdealers.org.

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The 1804 $ 1.00 Dexter/Pogue Coin

April 7, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Dollar Coins, Events, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

By: Legend Numismatics Market Reports

Post Baltimore Show

Legend Numismatics did all time record business of $10-$12,000,000.00 starting March the 27th and ending April 7th. We spent about $9,000,000.00 buying and representing people in BOTH Blue Moon and The Pogue Sale. Activity this past week in the office was off the charts and we are still counting it all up! We could have sold 5 1869 $1 PCGS PR64 Cameo CAC (one collector even offered us MORE then the listed price)! For us to do this kind of business, the market has to be strong. What more proof do you need?
Of course the biggest deal… Full article at the source>

Source: Legend Numismatics Market Report

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PCGS To Attribute Branch Mint Marks on Silver Eagles

April 6, 2017 in Coins, Collecting, Grading, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Precious Metals, Press Releases, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

PCGS Logo

Professional Coin Grading Service logo

April 6, 2017

Media contact: Steve Sloan, (949) 567-1223

PCGS To Attribute Branch Mint Marks on Silver Eagles

UPDATE 4/7/2017 9:22AM PST: For 2014-2017 boxes that have a sticker on the side that includes the designation “WPM”, PCGS believes that these boxes, regardless of their serial number, originated in West Point. Therefore, at this time, and until we receive further clarification from the U.S. Mint, we will not be attributing such boxes to Philadelphia or San Francisco.  

Acting upon the original documents provided to Coin World in response to a Freedom of Information Act (FOIA) request, Professional Coin Grading Service is pleased to announce that it will attribute certain 2014 through 2017 American Silver Eagles with a “mint mark” indicating where the coin was struck.

Officially, American Silver Eagles during this period were minted at the West Point Mint, and in fact, most American Silver Eagles were in fact struck at that branch. However, due to high demand, the U.S. Mint used the facilities in San Francisco and Philadelphia to augment the production of the West Point Mint.

Until now, the information about how many American Silver Eagles were made in each of the other branches has not been released to the public. Instead, the Mint’s figures officially reflected the total mintage, and listed those mintages as having been produced at West Point.

However, the FOIA documents reveal a method of identifying where a given box of Silver Eagles was minted. Following this method, PCGS will attribute coins from such boxes as having been produced at the branch mint at which it was made.

For example, a Silver Eagle minted in Philadelphia in 2015 would be attributed “2015-(P)”. The mintage figures, and how to identify them, are set forth in the tables below.

 

San Francisco Mint

Year

Mintage

Box #/Identification

2014

7,025,000

Red banding

2015

0

N/A

2016

4,650,000

Various 6 digits starting with 4

2017

3,000,000

Various 6 digits starting with 4

 

Philadelphia Mint

Year

Mintage

Box #/Identification

2014

0

N/A

2015

79,640

Various 5 digits starting with 1

2016

1,151,500

Various 6 digits starting with 5

2017

1,000,000

Various 6 digits starting with 5

 

West Point Mint

Year

Mintage

Box #/Identification

2014

23,450,000

Various 6 digits; All WP started in 1,2, or 3

2015

46,920,500

Various 6 digits; All WP started in 1,2, or 3

2016

31,900,000

Various 6 digits; All WP started in 1,2, or 3

2017

5,425,000

Various 6 digits; All WP started in 1,2, or 3

Owners of Mint-sealed boxes of American Silver Eagles from 2014 to 2017 can find the box number, which is written in black marker, and determine the specific branch mint.

Contact Mark Stephenson (mark@collectors.com) or Daniel Kedem (dkedem@collectors.com) for more information on PCGS Bulk Services, including how to submit bulk quantities of 2014 to 2017 American Silver Eagles.

Founded in 1986 by distinguished numismatic experts, Professional Coin Grading Service is the most respected coin authentication and grading company in the world and has offices in Hong Kong, Shanghai, Paris and the United States. For more information on PCGS and its services, visit www.PCGS.com.  

Editor’s Note: PCGS is continuing to research this matter. Since publishing this press release, PCGS has been alerted to the fact that the FOIA response may be incomplete with respect to the 2015 Philadelphia Silver Eagles; we are pursuing clarification from the U.S. Mint. For up to date information, please contact Mark Stephenson at mark@collectors.com or Daniel Kedem at dkedem@collectors.com.

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Legend Buys Dexter/Pogue 1804 Dollar From Lipton and Albanese

April 3, 2017 in Coins, Collecting, Collector Sets, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
April 3, 2017

News media contacts:

Laura Sperber, office: 800-743-2646
Kevin Lipton, office 310-712-8118
John Albanese, office 908-781-9101

Legend Buys Dexter/Pogue 1804
Dollar From Lipton and Albanese

Famous coin now part of “Super Collector” Bruce Morelan’s early American dollars set

 

Dexter Pogue 1804 dollar: Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of "Super Collector" Bruce Morelan.  (Photo image courtesy of PCGSCoinFacts.com.)

Dexter Pogue 1804 dollar:
Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of “Super Collector” Bruce Morelan. (Photo image courtesy of PCGSCoinFacts.com.)

(Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. silver dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California and John Albanese of Bedminster, New Jersey, was sold by them less than 48 hours later.  Graded PCGS Proof 65, it was bought on Sunday afternoon, April 2, 2017, by Laura Sperber of Legend Numismatics in Lincroft, New Jersey on behalf of well-known collector Bruce Morelan, owner of the all-time finest set of early American dollars listed in the PCGS Set Registry®.

“John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. We didn’t have any customers for it Friday night; we just thought at $3.3 million that it was the best buy of a high value rare coin in the last 20-plus years,” Lipton explained.

Then the offers started coming in.

“We purchased this coin on spec and were really quite shocked that our book bid of $2.8 million (plus buyer’s fee) was successful.  We both thought it would sell for $4 million or more Friday night.  By Sunday, we had six interested parties who were calling, sending emails and texts wanting to buy the coin from us.  Kevin and I are pleased it’s going to a good home,” said Albanese.

Sperber negotiated the sale on Sunday morning on behalf of Morelan. The purchase price was not disclosed.

“It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber.  “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”

Morelan also was surprised at the winning bid price for the coin at the auction.

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars.  (Photo by Donn Pearlman.)

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars. (Photo by Donn Pearlman.)

“I was shocked when the coin sold so low.  I’m happy to pick it up for a few incremental bids over that level.  While the coin is not necessary for the circulation strike early dollars set, it certainly is complimentary to my set and collection as a whole,” Morelan said.

Among the world’s most famous rare coins, only 15 1804-dated silver dollars are known today, and eight of them are categorized as Class I, including the Dexter/Pogue specimen.

No silver dollars dated 1804 actually were struck that year.  Researchers believe the surviving Class I examples were made by the United States Mint in the 1830s to be given as diplomatic gifts for a State Department mission to the Far East and Asia. Decades later, Mint employees made a handful of other, similar examples of 1804-dated dollars for collectors.  

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Statement from Kevin Lipton

April 2, 2017 in Antique Coins, Auctions, Coins, Collecting, Dollar Coins, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

Statement from Kevin Lipton
President, Kevin Lipton Rare Coin, Inc., Beverly Hills, California

 

April 1, 2017

 

Dexter/Pogue 1804 dollar

Dexter/Pogue 1804 Draped Bust dollar

Somewhere over Topeka, Kansas Friday night, while I was flying back to Los Angeles from Baltimore, John Albanese and I jointly purchased the Dexter/Pogue 1804 Draped Bust dollar for $3,290,000. This is actually the second time I’ve owned this historic rare coin. I purchased it with Hugh Sconyers for a then-record price of $990,000 on behalf of the American Rare Coin Fund at Auction ’89 in Chicago in 1989.

I bought the coin this time strictly the way I buy everything: on a basis of opportunity. In my opinion, this was the best buy of a high value rare coin in the last 20-plus years. It was a moment of opportunity. I don’t have any customers for it, I just want to enjoy it now.

When opportunity knocks, you have to be there to answer.  I was expecting this coin to sell for between $4 and $5 million, and was stunned at this kind of opportunity to acquire it for less than $3.3 million.

John (Albanese) and I have been friends and have done business together for decades. He is one of the most respected numismatists in the world, and was an original co-founder of both PCGS and NGC as well as CAC. We are both excited and happy now to own one of the world’s most famous rare coins.

 

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