You are browsing the archive for 2017 September.

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Weekly Numismatic World News for September 24, 2017

September 25, 2017 in Blogs, Coins, Collecting, Education, Fun, Investing, News, Numismatica, Numismatics, Palladium, Palladium Coins, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

On Monday, the U.S. Mint will begin selling palladium bullion coins to authorized purchasers. The opening price will probably be $976.44 per coin, which is 6.25-percent over the spot price of $919 per troy ounce. Metal prices have not followed a path that market watchers are familiar with. Platinum is usually more expensive per troy […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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ALERT: Obsolete paper money stolen in Georgia

September 22, 2017 in Bank Notes, Collecting, History, Investing, News, Numismatic Crimes, Numismatica, Numismatics, PSA, Theft, U.S. Notes

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

The Numismatic Crime Information Center advises collectors to be on the lookout for the following obsolete bank notes, stolen from a car in Georgia:

The Coweta County, Georgia, sheriff’s department is investigating a burglary resulting in the loss of the following obsolete notes:

  • Merchants and Planters Bank $1 (1857) $1 (1859) $2 $3 $5 $10 $20 $50 $100
  • Timber Cutters Bank $1 $2 $10 $20 $50
  • State of Georgia Bank of Commerce $1 $2 $5 $20
  • Farmers and Mechanics Bank $1 $2 $5 $10 $100
  • Planters Bank $1

All were in a black binder marked “Currency Album” in gold leaf. All notes were from the 1850, …Full article at the source>

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

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First photos of the 2017 American Eagle palladium bullion coin

September 21, 2017 in Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Palladium, Palladium Coins, Photography, Precious Metals, US Mint, USA Coins

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

The Mint will begin selling its 1-ounce American Eagle palladium bullion coin to Authorized Purchasers (APs) on September 25. Until now, no photos of the coins have been available, and the curious have had to content themselves with photos of the plaster models or with graphic designers’ renderings. Around noon today (September 20), the Mint posted live photos of the coins (hover to zoom):

The palladium Eagles will be available to the public through the Mint’s AP network. Authorized Purchasers consist of major coin and precious-metals wholesalers, brokerage firms, banks, and other participating financial intermediaries. The… Full article at the source>

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

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A new book for the serious coin collector: Inside the Rare Coin Marketplace

September 18, 2017 in Books, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Rare Coins, USA Coins

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

“Buy the book before the coin” is good, solid, often-quoted advice for newcomers to the hobby. Frankly, it’s guidance for a lifetime of collecting; we should all heed it well beyond the beginner stage. And fortunately for today’s hobbyist, this advice has never been easier to follow—thanks in large part to one incredibly productive author, Q. David Bowers.

Numismatic publishing has experienced a renaissance, an exciting boom, over the past 15 years. Dave Bowers joined forces with Whitman Publishing in 2003 as the company’s numismatic director and as research editor of the Guide Book of United States Coins (the hobby’s best-selling… Full article at the source>

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

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Trump and the Fed: Changes may be coming

September 18, 2017 in Blogs, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Politics, US Federal Reserve, US Government

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

Most people know that a president able to appoint several Supreme Court justices during his tenure will have an impact on our country that far outlasts their presidency. However, presidents who have the chance to make major changes to the Federal Reserve’s board of governors can also have a disproportionate impact.

Due to a combination of the facts that Federal Reserve Chair Janet Yellen’s term expires in January and that a seat on the Fed’s board of governors opened after President Trump took office; another member’s term expired; and Vice Chair Stanley Fischer unexpectedly decided to retire for personal reasons (as… Full article at the source>

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

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Weekly Numismatic World News for September 17, 2017

September 18, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, History, News, Numismatica, Numismatics, Opinion, Rare Coins, Treasure, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

As this is being posted I am packing up after working this past weekend at the DC Big Flea Market and Antique Show in Chantilly, Virginia. Since I have been working in the collectibles business, I have been trying to sell at one show a month with DC Big Flea being the show I work […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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OIG Probe into Mnuchin using government resources expands

September 15, 2017 in Blogs, News, Numismatica, Numismatics, Opinion, Politics, US Government

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Secretary of the Treasury Steven T. Mnuchin seems to think his position with the government affords him perquisites to be paid by the taxpayers. Last June, Mnuchin married actress Louise Linton at the Andrew W. Mellon Auditorium located near the National Mall. Vice President Pence officiated the ceremony. While that was old news, ABC News […]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Weekly Numismatic World News for September 10, 2017 (TRY 2)

September 11, 2017 in Blogs, Coins, Collecting, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

NOTE: I previous version was posted by mistake and then deleted. Sorry! As I watch the numismatic-related news that is published around the world in the regular media are the number of stories that come out of the United Kingdom and India. Aside from the change over from the “round pound” to the new 12-sided […]

Source: Coin Collectors Blog (CoinsBlog.ws)

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Keep Safe Out There!

September 10, 2017 in Blogs, Education, History, News, Numismatica, Numismatics, Opinion

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Storms of all type are hitting the shores of the United States. Nearly two weeks after Harvey did his damage in southeast Texas, Irma is north of the Florida Keys and heading towards Naples as I type this. While Irma is now attacking Florida, Hurricane Jose is hanging out about 300 miles northwest of the […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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Whitman Publishing releases expanded new edition of A Guide Book of Lincoln Cents

September 8, 2017 in Books, Cents, Coins, Collecting, Collector Sets, Copper, Copper Coins, Education, Entertainment, Fun, History, Investing, News, Numismatica, Numismatics, Pennies, Reference, USA Coins

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

Whitman Publishing has released an expanded, updated second edition of its best-selling Guide Book of Lincoln Cents, a popular entry in the Bowers Series of numismatic titles. The book continues in the tradition of the Guide Book of Morgan Silver Dollars and other Bowers Series guides, now numbering more than two dozen volumes. The 320-page full-color book is available online (including at Whitman.com) and from booksellers nationwide for $19.95.

Generations of coin collectors have grown up with the Lincoln cent, America’s longest-running coin series, first minted in 1909. Author Q. David Bowers, the nation’s most widely published numismatic writer, provides… Full article at the source>

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

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New anti-counterfeiting technology: Dogs

September 8, 2017 in Coins, Collecting, Counterfeit, Education, Fake Coins, History, News, Numismatic Crimes, Numismatica, Numismatics, USA Coins, World Coins

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

Dogs are renowned for their almost supernatural sense of smell and have been used for years by law enforcement to solve some of the most complicated crimes ranging from drug smuggling to cold-blooded murder. In 1997, the world was introduced to the first counterfeit-sniffing dog, named Mike, and the concept has rapidly gained popularity ever since. The excerpt below, which is from the Stamp & Coin Place’s “Past and Present” blog, explores this powerful tool in the war on counterfeit currency.

On February 16, 2018, we will be welcoming the Chinese New Year, and it turns out that—appropriately—2018 will be the… Full article at the source>

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

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A 20 Mark Pick

September 4, 2017 in Bank Notes, Blogs, Books, Collecting, Counterfeit, Education, Entertainment, History, Money, Numismatica, Numismatics, Paper Money

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

When you are a picker sometimes a find can be worth more than originally expected. This past week I was offered a small library of military books from the estate of a former career military officer. Normally, I will not invest too much into books since they are not big sellers. However, if I can […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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Weekly Numismatic World News for September 3, 2017

September 4, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, History, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

Labor Day was created by the labor movement in the late 19th century to celebrate the contributions that workers have made to the strength, prosperity, and well-being of the country. It became an official federal holiday in 1894 and marks the unofficial end of summer. Aside from having a three day weekend, it is traditionally […]  Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Liar, Liar, Pants on Fire…

September 2, 2017 in Ancient Coins, Archaeology, Art, Blogs, Coins, Collecting, Education, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Politics, Rare Coins, World Coins

By: Wayne G. Sayles  Ancient Coin Collecting (Wayne G. Sayles)

The Committee for Cultural Policy has pointed out on several past occasions that exaggerated media reports, of Islamic State (ISIS) income from the sale of looted antiquities to art and coin collecting communities, are and have from the start been unfounded. The persistence of outright lies has cast a cloud over the credibility of several major media outlets and their academic “experts” who fed the flame for what is obviously an ideological anti-trade agenda. In their August 2017 newsletter, the CCP presents a report on the findings of a Dutch National Police investigation that flatly debunks… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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August 2017 Numismatic Legislation Review

September 1, 2017 in Blogs, Numismatica, Numismatics

By: Scott Barman Coin Collectors Blog (CoinsBlog.ws)

We send our hopes and wishes out to the victims of Hurricane Harvey. I ask that my readers help those in the affected region by donating to a charity that is working in the region to help. The American Red Cross needs blood donors. If you can give blood, visit redcross.org/hp/harvey3 to find a blood […]

Full article at the source>

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1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

September 1, 2017 in Antique Coins, Coin Shows, Coins, Collecting, Education, History, Numismatica, Numismatics, Opinion, Press Releases, Rare Coins, US Government, USA Coins

For immediate release
August 31, 2017

News media contact:
David McCarthy
Office: 415-435-2601
Mobile: 415-847-6305

1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

 

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

(Long Beach, California) August 31, 2017 – After its showcase in August’s World’s Fair of Money, a coin that experts are hailing as the very first coin made by the United States will be displayed during the 2017 Long Beach Expo (www.LongBeachExpo.com)in Long Beach, CA, September 7- 9.

This marks the first public West Coast appearance for the coin, which is now insured for $5 million.

According to researcher David McCarthy of Kagin’s, Inc., there is overwhelming evidence that this is the very first coin ever officially struck by authority of the United States government, a finding hailed by renowned coin expert and author Jeff Garrett as “one of the most exciting developments in modern numismatics.”

The coin is known as the “Plain Obverse Nova Constellatio Quint.” It was once in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, and it is the historic ancestor of the dollar as well as every coin in the Western world using a decimal monetary system, according to McCarthy.

“Although the coin was discovered in 1870, it was misattributed. We now have compelling evidence that it is, ‘the first that has been struck as an American coin,’ as described in the April 2, 1783 diary entry of Founding Father Robert Morris, the government’s first Superintendent of Finance and a signer of the Declaration of Independence,” stated McCarthy.

“The Quint and a subsequent set of coins were created in Philadelphia in April of 1783 under authority of the Treasury some nine years before the next coins would be struck by the U.S. government.  It would have been valued at 500-units in a proposed system that would range from 5 to 1,000 units,” McCarthy explained.

During the 18th Century, several states and private individuals manufactured coins, but this is the first coin that was struck and paid for by the U.S. government, according to McCarthy’s research, which more than a dozen other early American coin experts support.

Following the Civil War, the coin surfaced in New York City, and passed through the hands of some of the 19th Century’s greatest collectors before entering the possession of Johns Hopkins University, where it resided until 1979.

Kagin’s acquired the coin at an auction in 2013.  McCarthy began researching it through the Journals of Continental Congress, the writings of Founding Fathers Robert Morris and Thomas Jefferson, and forensic evidence found on the coins themselves, identifying it as the coin referred to by Morris, the Nation’s first Superintendent of Finance as, “the first that has been struck as an American coin.”

The coin can been seen during the Long Beach Coin, Currency, Stamp and Sports Collectible Expo, Thursday, September 7, through Saturday, September 9. For complete show hours, visit www.LongBeachExpo.com.  

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance with promo code: EXPOPR on www.LongBeachExpo.com.  

        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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