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1943-D Bronze Cent makes a TV appearance, sort of

October 6, 2017 in Antique Coins, Auctions, Blogs, Bronze, Bronze Coins, Coins, Collecting, Education, Entertainment, Fun, History, Investing, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, USA Coins

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

Fans of the NBC show The Blacklist that watched on Wednesday, October 4, would have noticed there was a numismatic role added to the script. Raymond Reddington, played by James Spader, was trying to gain the attention of a high-rolling thief and found himself at a numismatic auction. The item up for bid was the […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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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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Weekly Numismatic World News for August 27, 2017

August 28, 2017 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coins, Collecting, Education, History, Legal, News, Numismatica, Numismatics, Opinion, Turkish Coins, World Coins

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

This week, the BBC reported about Toby Robyns, a 52-year-old ambulance driver from the U.K., who may be facing an up to three-year prison sentence for trying to take home ancient coins he found on a beach in Turkey. Immediately, my thoughts turned to a story I wrote about my friends in a similar situation. […]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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A sign of the times?

August 20, 2017 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coin Dealers, Collecting, Education, Foreign Policy, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

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

Over the past decade, collectors of ancient coins have been faced with constant pressure from left wing radicals of academia—particularly the archaeological community leadership and their sycophants. Among the ardent supporters of anti-collector groups are a small but well entrenched cadre of bureaucrats in Washington. The level of governmental infiltration by these cultural property nationalists—bent on eliminating or controlling international trade in cultural property—is in itself cause for some concern. History is replete with examples of ideology supplanting law and individual rights in a quest for social management. It has been the cause of more than… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Book review: The Gold Indians of Bela Lyon Pratt satisfies coin collectors and American history buffs alike

August 1, 2017 in Antique Coins, Art, Books, Coins, Collecting, Education, Entertainment, Gold, Gold Coins, History, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, USA Coins

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

How often do you read a numismatic book outside of the fields you actively collect?

Some hobbyists stick to their favorite subjects—if they collect Morgan dollars, they read books about Morgan dollars, and don’t stray very far into Buffalo nickels, commemoratives, world coins, or medals and tokens.

Many other hobbyists are like numismatic sponges, happy to absorb as much knowledge as they can from all directions. We see this at Whitman Publishing all the time. Some collectors have favorite authors and would buy a Ken Bressett book whether it’s about U.S. paper currency, English coins, or money used in Biblical times. Some… Full article at the source>

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

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Kagin’s Researcher Pinpoints  1783 Plain Nova Constellatio Quint as First Official USA Coin Struck Historic Coin Will Be Exhibited at ANA Denver World’s Fair of Money, Aug. 1 – 5

August 1, 2017 in ANA (American Numismatic Association), Antique Coins, Art, Coins, Collecting, Education, Entertainment, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Reference, US Government, USA Coins

News media contacts:
David McCarthy

Office: 415-435-2601  Email: David@kagins.com
Donald H. Kagin, Ph.D.

Office: 415-435-2601  Email:Don@kagins.com

Kagin’s Researcher Pinpoints  1783 Plain Nova Constellatio Quint as First Official USA Coin Struck

Historic Coin Will Be Exhibited at ANA Denver World’s Fair of Money, Aug. 1 – 5

Authorized by Congress, the unique 1783 plain obverse Nova Constellatio “Quint” silver coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units. Photo credit: Image courtesy of PCGS.com

Authorized by Congress, the unique 1783 plain obverse Nova Constellatio “Quint” silver coin had a value of 500 units in a proposed but later abandoned early American decimal monetary system that would have ranged from 5 to 1,000 units.
Photo credit: Image courtesy of PCGS.com

(Tiburon, California) August 1, 2017 – David McCarthy, senior numismatist at Kagin’s, Inc. of Tiburon, California (www.Kagins.com), has pinpointed the 1783 plain obverse Nova Constellatio Quint pattern (Breen-1102, W-1830) as the first coin officially struck by authority of the United States government, a finding hailed by another U.S. rare coin expert as “one of the most exciting developments in modern numismatics.”

Results of McCarthy’s research on the unique, early American experimental silver coin, that once was in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, are in the August 2017 edition of “The Numismatist,” the official journal of the American Numismatic Association (www.money.org).

Now insured for $5 million, the historic ancestor of the dollar as well as every coin in the western world using a decimal monetary system, will be publicly displayed at the Kagin’s booth, #700, during the ANA 2017 World’s Fair of Money (www.WorldsFairofMoney.com) in Denver, Colorado, August 1- 5.

“It’s a national treasure that was hiding in plain sight until all the pieces of the puzzle recently came together,” said Donald H. Kagin, Ph.D., President of Kagin’s.

“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 Robert Morris, a signer of the Declaration of Independence and the U.S. government’s first Superintendent of Finance,” explained 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 said.

“This was the first use of the vital and enduring decimal system to be established in the western world,” stated Kagin.

During the 1770s and 1780s 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 a dozen other early American coin experts agreed with before he submitted it for publication.

After examining McCarthy’s research, early American coins researcher and writer John Dannreuther of Memphis, Tennessee, the American Numismatic Association’s 2007 Numismatist of the Year, summed up the findings:

“There is a first United States coin, as we have written evidence (in the April 2, 1783 diary entry of Robert Morris, U.S. Superintendent of Finance) that one was delivered:

‘I sent for (metallurgist) Mr. (Benjamin) Dudley who delivered me a Piece of Silver Coin being the first that has been struck as an American Coin.’

“The only coin that logically could be this coin is the Plain Obverse Quint.

“There are numerous things that bring us to this conclusion, the first being that “Nova Constellatio” is not found on the Plain Legend Quint. One does not remove legends, they are added,” explained Dannreuther.

“Secondly, the number of dies noted in the literature can be made to match only by having one die ground down and reengraved. After overlaying the two Quint types, it became obvious that the Plain Obverse die’s eye matched the with Legend eye. Since this is the highest point of the coin, it is the lowest part of the die, as well as the center, it would be logical to leave a small amount of this area as a starting point for the new die. The rest of the die’s detail was removed by the grinding process, of course.”

“Thirdly, the two Quint dies obviously were engraved by two different hands. Since, we know that the with Legend coins match the other denominations in style, as well as having the “Nova Constellatio” legend, the Plain Obverse has to be the first one – thus, it is the first United States coin,” stated Dannreuther.

American Numismatic Association President Jeff Garrett of Lexington, Kentucky also examined McCarthy’s study prior to publication and stated: “David McCarthy’s research makes a compelling case for the 1783 Nova Constellatio Quint being the ‘First American Coin.’  As such, the historical importance of his research, and the coin, is one of the most exciting developments in modern numismatics!”

Only two examples of the 500-unit coin are known, and each is distinctively different on the front. One has the words, NOVA CONSTELLATIO, Latin for “a new constellation,” while the other example does not have any words. The research demonstrates the coin without the words on the obverse was struck first.

After surfacing in New York City nearly 150 years ago, the coin was carefully preserved in several major collections including Lorin G. Parmelee, S.H. and H. Chapman and Wayte Raymond before becoming part of the Garrett Collection and into the possession of Johns Hopkins University where it resided for much of the 20th century.  Only now, though, has numismatic research brought together evidence that it was the first federal coin made by authority of the U.S. government.

Kagin’s acquired the coin at an auction in 2013 where it was graded PCGS AU53 Secure.  McCarthy began researching it through the writings of Morris and Thomas Jefferson, Continental Congress documents, and forensic evidence found on the coins themselves, and he consulted with other noted experts in early American numismatics.

“While the 1783 Plain Obverse Nova Constellatio Quint is among the most historically significant of all United States coins, it is also one of the most important artifacts in the world,” stated Kagin.  “Nothing defines a nation and its society more than its coinage. Just like great documents such as The Magna Carta or The Declaration of Independence established fundamental principles and tenets for western society, so does coinage reflect a nation’s most important ideals, becoming a primary source of communication for a nation’s beliefs.”  

“By examining the first coin of the United States and the new decimal monetary system that it ushered in, we gain significant insights to the thinking of America’s Founding Fathers concerning what kind of nation they wished to establish,” he continued.

Kagin said the coin’s inscriptions and symbols contain the most important aspects of our fledging nation:

On the Obverse the central devices are:

  • The Eye of Providence—symbolizing the creator’s approval of our nation.
  • A circle of 13 stars –a theme which has endured for 240 years—as an obvious reference to the new constellation formed by the original 13 colonies.

The Reverse central inscription includes:

  • “U.S.” as it proclaims the name of our country for all the world to acknowledge.

This is followed by the denomination—in this case, 500 units or a Quint.  Along with the date, two of the most fundamental and defining issues for Americans then and today are prominently inscribed in Latin so all nations could understand: LIBERTAS (Liberty) and JUSTITIA (Justice).

“This coin, struck in the precious metal silver, was also the very first artifact to present our nation’s new decimal system—in fact, the first use of such a vital and enduring system to be established in the western world,” concluded Kagin.

Kagin and McCarthy made international headlines in 2014 when they assisted an anonymous California couple who discovered the “Saddle Ridge Hoard,” nearly $10 million of 19th century U.S. gold coins buried in rusting tin cans.

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ANA World’s Fair of Money auction preview: Stack’s Bowers Galleries world and ancient coins and paper money

July 31, 2017 in ANA (American Numismatic Association), Ancient Coins, Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Events, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, USA Coins, World Coins

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

The ANA (American Numismatic Association) is holding its annual World’s Fair of Money—considered one of the largest numismatic trade shows of the world—from August 1 to August 5 in Denver, Colorado. Stack’s Bowers Galleries will hold various auctions in conjunction with the show. Offered are a wide variety of U.S., world, and ancient coins and paper money in various floor and online sessions. In this preview article we will take look at the world side of things; in another article we take a closer look at offerings from around the field of American numismatics. All lots, including descriptions and photos,… Full article at the source>

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

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Unintended Consequences

July 31, 2017 in Ancient Coins, Antique Coins, Art, Blogs, Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

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

Three years ago, coin collector and hobby advocate Scott Barman posted on his blog an insightful article about the nature of what others have described as ideologically inspired bureaucratic overreach. He named the post “An Ancient Dilemma” and discussed the issue of unintended consequences in an era of “hyper-partisanship”. Where other members of the coin hobby and trade—including myself on some occasions—have become understandably emotional on this topic, Mr. Barman exhibits a remarkable degree of restraint and appeals both to law and common sense. In the past several years, he has also written other pieces… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Must-See Rarities at Denver World’s Fair of Money

June 21, 2017 in ANA (American Numismatic Association), Antique Coins, Clubs and Associations, Coin Shows, Coins, Collecting, Education, Entertainment, Errors, Fun, Gold, Gold Coins, History, Investing, Money, Museums, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Rare Coins, Seminars, Treasure, USA Coins, World Coins

CONTACT: Donn Pearlman
Telephone: 702-868-5777

E-mail: donn.pearlman@gmail.com

Must-See Rarities at Denver World’s Fair of Money

 

To celebrate the American Numismatic Association’s (www.money.org) 50th anniversary in Colorado, the ANA is exhibiting Colorado Gold Rush era rarities and Lesher Referendum dollars along with other historic and famous numismatic treasures from the association’s Edward C. Rochette Money Museum at the World’s Fair of Money® (www.WorldsFairofMoney.com), August 1 – 5, 2017, at the Colorado Convention Center in Denver.

"During the early 1860's Colorado Gold Rush, Clark, Gruber & Co. of Denver produced gold coins including this 1860-dated $20 denomination coin with a fanciful depiction of Pike’s Peak. It will be displayed at the ANA World’s Fair of Money, August 1 – 5, 2016, in Denver." Photo credit: American Numismatic Association Money Museum

"During the early 1860's Colorado Gold Rush, Clark, Gruber & Co. of Denver produced gold coins including this 1860-dated $20 denomination coin with a fanciful depiction of Pike’s Peak. It will be displayed at the ANA World’s Fair of Money, August 1 – 5, 2016, in Denver."
Photo credit: American Numismatic Association Money Museum

"Only five 1913-dated Liberty Head nickels are known to exist today, and one of them will be displayed at the ANA Denver World’s Fair of Money, August 1 – 5, 2017. It is insured for $3 million." Photo credit: American Numismatic Association Money Museum

"Only five 1913-dated Liberty Head nickels are known to exist today, and one of them will be displayed at the ANA Denver World’s Fair of Money, August 1 – 5, 2017. It is insured for $3 million."
Photo credit: American Numismatic Association Money Museum

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017." Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017."
Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017." Photo credit: Donn Pearlman

"The U.S. Treasury Department Bureau of Engraving and Printing will display its educational $1 Billion Exhibit featuring high denomination currency, including $100,000 notes, at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017."
Photo credit: Donn Pearlman

"One of the exhibits at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017, features “funny money,” currency that was mistakenly misprinted, including this $1 bill with upside down serial numbers." Photo credit: American Numismatic Association Money Museum

"One of the exhibits at the ANA World’s Fair of Money in Denver, August 1 – 5, 2017, features “funny money,” currency that was mistakenly misprinted, including this $1 bill with upside down serial numbers."
Photo credit: American Numismatic Association Money Museum

Highlights include:

  • the McDermott/Bebee Collection 1913 Liberty Head nickel, Idler/Bebee Class III 1804 Draped Bust dollar and error notes from the Bebee collection with upside down serial numbers and other printing mistakes;
  • the High Relief and Ultra High Relief 1907 Saint-Gaudens Double Eagles from the Harry W. Bass, Jr. collection;
  • a set of 1860’s Clark, Gruber & Co. Colorado territorial gold pieces;
  • a nearly complete set Lesher Referendum silver dollars from the early 1900s;
  • a 1933 Eagle, one of the greatest gold coin rarities of the 20th century with less than 40 known surviving examples from the last year that U.S. gold coins were struck for circulation;
  • and the Rittenhouse 1792 Half Disme along with the George Washington-signed document appointing David Rittenhouse as first Director of the United States Mint.

The Museum Showcase area (booth #1103) will be open during public hours of the convention in Hall F of the Colorado Convention Center, 700 14th Street.

“The ANA opened its Colorado Springs headquarters building in 1967, and as part of this year’s golden anniversary we want collectors and the public to see examples of Colorado’s colorful numismatic history as well as some of the other most popular items in the ANA museum collection,” explained ANA Executive Director Kim Kiick.

“We’ve been planning for many months to create Denver convention exhibits that will be must-see for collectors and will be an educational and appealing introduction to the fascinating hobby for the general public,” said ANA Museum Curator Douglas Mudd.

“The 1913 Liberty Head nickel donated to the ANA by Aubrey and Adelle Bebee is always a favorite at the conventions. One of its previous owners, J.V. McDermott of Milwaukee, used to carry it in his pocket to show to strangers. Today it’s insured for $3 million and is one of only five known 1913 Liberty nickels,” said Mudd.

The Colorado Gold Rush era coins in the Museum Showcase will include an 1860 Clark, Gruber $20 gold piece with a design that has the word, DENVER, below a fanciful depiction of Pike’s Peak which actually is located in the Colorado Springs area, about 70 miles south.

Lesher Referendum dollars are an intriguing part of Colorado’s mining history.

“To promote greater use of silver, Joseph Lesher of Victor, Colorado created eight-sided ‘dollars’ in 1900 and 1901 from silver mined in the Cripple Creek area. Lesher quickly gave up his plans for the coins, but today these octagonal, so-called dollars are an example of Old West history you can hold in your hands,” explained Mudd.

The Rittenhouse 1792 Half Disme is an example of the first coins authorized by President Washington during the early days of the U.S. Mint.  It is being displayed by the ANA, courtesy of Brian Hendelson, President of Classic Coin Company, in celebration of the Mint’s 225th anniversary this year.

The Denver World’s Fair of Money will be open to the public Tuesday to Saturday, August 1 – 5. Public hours will be Tuesday, 1 – 5:30 pm; Wednesday – Friday, 10 am – 5:30 pm; and Saturday, 10 am – 4 pm.

Admission is free for all ANA members.  Admission for non-ANA members is $8 for adults, with children 12 and under admitted free.  Admission is for everyone on Saturday, August 5.

For additional information about the Denver World’s Fair of Money, visit www.WorldsFairofMoney.com or call 719-632-2646.

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Hoard of 41 Roman solidi discovered in a Dutch orchard

June 12, 2017 in Ancient Coins, Antique Coins, Archaeology, Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Roman Coins, Treasure, World Coins

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

The Dutch website de Volksrant reports (in a June 2 article by Geertje Dekkers) on the disclosure of a 41-piece gold hoard unearthed in an orchard in Gelderland. Based on certain of the gold solidi—those from the brief rule of Majorian (457–461)—experts believe the coins were buried around 460 AD. At that time, the Netherlands region was in the western part of the Roman Empire, which was in its final days. Lacking its former might, the empire engaged the locals in the far reaches of its territory to defend against invaders; in the case of the Netherlands, the Romans… Full article at the source>

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

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James Earl Jones Coin Collecting Video Available Free on New PNG YouTube Channel

May 25, 2017 in Ancient Coins, Antique Coins, Coins, Collecting, Education, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins, World Coins

News media contact:
Robert Brueggeman
Professional Numismatists Guild Executive Director
951-587-8300

James Earl Jones Coin Collecting Video
Available Free on New PNG YouTube Channel

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

(Temecula, California) May 25, 2017 – The award-winning educational video, “Money: History in Your Hands,” narrated by acclaimed actor James Earl Jones, now is available for free viewing on the Professional Numismatists Guild YouTube.com channel.

“We currently have more than a dozen videos about rare coins, paper money and precious metals available for complimentary viewing on PNG’s YouTube channel. They will be helpful for beginners to advanced collectors and investors with informative advice about buying, storing and selling numismatic items as well as gold, silver and platinum bullion items,” said PNG Executive Director Robert Brueggeman.

“An important part of our educational effort is the video, ‘Money: History in Your Hands,’ jointly created by PNG and the American Numismatic Association, and hosted on camera by James Earl Jones. It gives viewers a compelling overview of the history of money, and how it relates to art, culture, history, politics and religion,” explained Brueggeman. “The 29-minute video is available for convenient viewing in two parts.”

Other informative PNG videos focus on topics of discovering the enjoyment of coin collecting, how to determine the value of your coins, and the importance of working with a reputable, knowledgeable dealer when you buy or sell.

All of the videos are can be viewed at: https://www.youtube.com/channel/UCb5co6ZLKPitRAw-6pDxeCw

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org. For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

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Note By: Numismatica.com

Here are the links to the two specific videos;

Part 1: https://youtu.be/Ir_oCtaXloc

Part 2: https://youtu.be/gb3mgkYMssM

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European dealer devises a clever contest using a fake coin

May 18, 2017 in Ancient Coins, Antique Coins, Auctions, Coins, Coins for sale, Collecting, Competition, E-commerce, Education, Events, Fake Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, World Coins

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

There’s a fake in the latest catalog of a respected auction house—and the owner knows it.

Dr. Hubert Lanz, of the respected Munich coin company Numismatik Lanz, has long been a champion of collectors, whose many hazards include the issue of counterfeit coins. As Numismatik Lanz is celebrating its 70th year of operation, Dr. Lanz came up with a clever idea to promote the company and highlight the danger of fraud in numismatics: He placed a fake in catalog number 164, and announced that anyone who identified the fake would receive a €25 credit toward their purchase in the auction.

Numismatik Lanz… Full article at the source>

Source: c

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Grading Capped Bust half dollars

May 10, 2017 in Antique Coins, Coin Grading, Coins, Collecting, Education, Grading, Half Dollars, History, Investing, News, Numismatica, Numismatics, Online Tools, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

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

Grading Capped Bust half dollars is a challenge, especially to new hobbyists unaccustomed to the series, which ran from 1807 to 1839 and which continues to be popular because many of the dates are affordable and come with a large selection of die varieties (including overdate strikes).

We’ll save overdates for a future column. This post concerns circulation (business) strikes. The denomination was used heavily in circulation, and that accounts for the typical wear you will see on the high points of the obverse and reverse.

The grading basics of this post concern high points where wear is readily distinguishable: the raised… Full article at the source>

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

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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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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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Stack’s Bowers Galleries to showcase important collections in March 2017 Baltimore Auction

March 25, 2017 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, E-commerce, Education, Fun, Gold, Gold Coins, History, Investing, Medals, News, Numismatica, Numismatics, Offers, Opinion, Rare Coins, USA Coins

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

 

Stack’s Bowers Galleries will be offering world-class collections as part of their Official Auction of the Whitman Coins & Collectible Expo next week in Baltimore, Maryland. Anchored by the Blue Moon Collection, Part I, and the collections of Dr. Gordon Shaw and Anthony Bettencourt, this event will showcase fresh, high-quality material that many collectors will be eager to bid on.

The auction begins at 4:00 (ET) on the afternoon of Wednesday, March 29, with Session I, which will feature numismatic Americana, colonial… Full article at the source>

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

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Stack’s Bowers Galleries to offer finest certified 1913 Lincoln cent at auction

March 14, 2017 in Antique Coins, Auctions, Cents, Coin Shows, Coins, Coins for sale, Collecting, Copper, Copper Coins, Education, History, News, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

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

When the Whitman Coin & Collectibles Baltimore Expo takes place at the end of March, it will, as always, feature an estimable array of collectible coins and paper money. Stack’s Bowers Galleries will hold a series of auctions, and its “Rarities Night” will, as usual, offer up a host of beautiful coins. Among those that are not “as usual” will be a 1913 Lincoln cent in nearly flawless condition—in fact, at MS-67 RD, it is the finest certified example of that year.

On the Stack’s Bowers blog, numismatist and cataloger James McCartney writes, With a mintage of 76.5… Full article at the source>

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

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Dipped: Know the Tell-Tale Signs

February 28, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Copper, Copper Coins, E-commerce, Ebay, Education, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, Silver Coins, USA Coins

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

Increasingly on Proxibid, HiBid, and eBay, I am encountering dipped coins, making me wary about placing any bids, even on Morgan dollars like this 1902 one depicted above. That’s not how a 115-year-old silver coin is supposed to look, unless it was broken out of a bank roll, in which case the seller would have offered more than one in this condition.

This coin was expertly dipped, meaning it still may slab at PCGS or NGC.

You can buy dips at coin shops, at shows, and online. Each dealer or expert hobbyist has his or her formula, usually diluted with… Full article at the source>

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

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‘Coin Worthy of a King’ Graded by PCGS, Will Appear at Long Beach

February 9, 2017 in Antique Coins, Coin Grading, Coins, Collecting, Education, Entertainment, Gold, Gold Coins, Grading, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, USA Coins

February 9, 2017
Media contact: Steve Sloan, (949) 567-1223

‘Coin Worthy of a King’ Graded by PCGS,
Will Appear at Long Beach

 

PCGS 30th Anniversary logo

PCGS 30th Anniversary logo

(Newport Beach, California) – The finest known of only two 1861 Philadelphia Mint Paquet Reverse Double Eagles has been graded MS67 by PCGS. The rare coin, formerly owned by King Farouk of Egypt and known as the Norweb Specimen, is insured for $8,000,000 and will be publically displayed at the upcoming February 16-18 Long Beach Expo.  

“PCGS is honored to grade such a rare and important coin. Now that the Norweb Specimen has been graded PCGS MS67, both known 1861-P Paquet Reverse Eagles are graded by PCGS, the other being the PCGS MS61 Dallas Bank Specimen,” said PCGS President Don Willis.

Of all regular issue U.S. Double Eagles, the 1861-P Paquet Double Eagle is the rarest. For years, this coin was considered a pattern, until research concluded the coin was meant for circulation before the mintage was melted down after a defect in the dies was discovered. Somehow, two examples survived.

[Reverse in PCGS Holder]: The finest known 1861-P Paquet Reverse Double Eagle was recently graded MS67 by PCGS.

[Reverse in PCGS Holder]:
The finest known 1861-P Paquet Reverse Double Eagle was recently graded MS67 by PCGS.

“This Paquet Reverse is one of the great United States gold coin rarities and one of the best coins PCGS has ever graded,” stated PCGS founder, David Hall.

The pedigree of this virtually flawless 1861-P Paquet Double Eagle dates back to the Woodward Sale of March 1865, when the coin sold for $37, a remarkable price for the time considering the coin had been struck only four years prior.

The 1861-P Paquet Reverse was recently privately sold by Brian Hendelson, President of Classic Coin Co. of Bridgewater, New Jersey, for an undisclosed amount to Larry Lee, President of Coin and Bullion Reserves of Panama City, Florida.

“When a coin of such pedigree becomes available, you have to jump on the opportunity. It has been called virtually flawless; it has been called perfect, and it has been owned by leaders of the numismatic field throughout its fascinating history. I am thrilled to have this coin, now graded PCGS MS67, in my collection,” said Larry Lee.

PCGS CoinFacts (www.PCGScoinfacts.com) states that the 1861-P Paquet Reverse is slightly modified from the regular version. When engraver Anthony C. Paquet of the Philadelphia Mint began designing the reverse in 1859, he endowed slight yet notable differences. The coin’s lettering on Paquet’s version is tall and slender compared to the short, broad lettering of the traditional reverse. Also, the crown-like display of stars positioned above the eagle’s head is larger on Paquet’s coin, with the top stars prominently displayed beneath rays of sunlight. The same stars are partially buried on the regular reverse.

TrueView Image A high-resolution TrueView image of Larry Lee’s famed Paquet Reverse, graded PCGS MS67.

TrueView Image A high-resolution TrueView image of Larry Lee’s famed Paquet Reverse, graded PCGS MS67.

The rarity will make its first West Coast public appearance in the coming weeks, courtesy of Larry Lee, at the Long Beach Expo (www.LongBeachExpo.com).  Visitors to the show, held February 16-18, will have the opportunity to view the coin in person at the PCGS booth.  Free passes to the coin show are available using the promo code EXPOPR.  

For information about PCGS services, including the current February 2017 Crossover Special, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

 

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Five of the rarest coins you could possibly come across

November 22, 2016 in Antique Coins, Blogs, Coins, Collecting, Education, Gold, Gold Coins, Gold Eagles, Investing, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Reference, Silver, Silver Coins, Silver Dollars, USA Coins

By: Angela Raymond Liberty Coin and Currency Blog

gold coins

For its short length in history, the United States has an extensive list of currency. Many of which are thought to be lost forever after being ordered to be destroyed due to a depression or plans of being replaced with an entirely new design. Their scarcity sparked beliefs of fable until collectors began coming forward with authentic coins verifying their place in history.

The 1794 Flowing Hair Silver Dollar – $10 Million

Now considered the highest valued coin in history, the 1794 Flowing Hair Silver Dollar was struck only in 1794 and 1795. Many collectors refer to it as much… Full article at the source>

Source: Liberty Coin and Currency Blog

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Free Book, 100 Greatest U.S. Coins, With New Or Renewed ANA Membership Via Rare Coin Wholesalers

November 1, 2016 in ANA (American Numismatic Association), Antique Coins, Books, Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Offers, Opinion, Press Releases, Rare Coins, USA Coins

For immediate release
November 1, 2016

News media contact:
Michael Contursi, (949) 679-1222

Free Book, 100 Greatest U.S. Coins, With New Or
Renewed ANA Membership Via Rare Coin Wholesalers

 

100 Greatest U.S. Coins, 4th Edition

100 Greatest U.S. Coins, 4th Edition

(Irvine, California) – A free copy of the latest edition of the award-winning book, 100 Greatest U.S. Coins, will be sent to anyone who submits an American Numismatic Association (ANA) new member or membership renewal through Rare Coin Wholesalers (RCW) before the end of the year.  The promotion is a joint project between RCW and the ANA, the world’s largest organization devoted to collectors of coins, paper money, tokens and medals.

“For each new or renewal ANA application we process now through December 31, 2016, we’ll send the applicant a complimentary copy of the just-published 100 Greatest U.S. Coins, 4th Edition by Jeff Garrett with Ron Guth,” said Michael Contursi, President of Rare Coin Wholesalers (www.RCW1.com) in Irvine, California.

“It’s an impressive, ‘coffee table’ reference book with superb, full-color photographs of 100 of America’s greatest numismatic treasures.  This book is an informative update to the earlier editions that were named Best Book by the Numismatic Literary Guild, and usually sells for about $30,” explained Contursi.

New member ANA applications and renewals can be conveniently submitted online at www.rarecoinwholesalers.com/ana-membership,

“Why is RCW doing this? First, we strongly support the educational mission of the ANA, the ANA’s promotion of coin collecting and the many benefits ANA members enjoy. The author of this excellent, Whitman Publishing book, Jeff Garrett, is the current ANA President and, we support his efforts to grow the association,” explained Contursi.  

“Second, many of the coins depicted and discussed in the book are coins RCW has owned and exhibited at the ANA Money Museum, such as the finest known 1794 silver dollar – the world’s most valuable rare coin and believed by many experts to be the very first silver dollar ever made by the United States Mint — or we assisted collectors in acquiring the kinds of coins featured in the book for their own collections,” said Contursi.

“Finally, our family has grown our business to the next generation, similar to many of our collector/investor clients and colleagues, and we strongly encourage educating and advising the future stewards of numismatics for many generations,” stated Contursi.

“It is my goal to increase membership of the American Numismatic Association by at least 5,000 members in the next few years.   I applaud the team at Rare Coin Wholesalers for being strong partners with the ANA over the years and their continuing support of the association’s education mission,” stated ANA President Garrett.  

By participating in this promotion, applicant’s information will be provided to RCW for fulfillment.  In addition to receiving the free book, everyone applying to join the ANA or renew through this promotion will receive additional information from RCW including useful personal finance commentaries prepared exclusively for RCW by noted economist, Scott Sumner, Ph.D.  The Atlantic magazine described Dr. Sumner as “the blogger who saved the economy.”  He is Director of the Program on Monetary Policy at the Mercatus Center at George Mason University in Arlington, Virginia and is Professor Emeritus of Economics at Bentley University in Waltham, Massachusetts

For additional information, contact Rare Coin Wholesalers toll free at (800) 347-3250 or online at www.rarecoinwholesalers.com/ana-membership.

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Preview: Heritage Signature Auction of U.S. Coinage, Oct. 31-Nov. 2, New York

October 29, 2016 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Events, Gold, Gold Coins, History, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

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

heritage-main

From October 31 through November 2, Heritage Auctions will hold a Signature Auction of U.S. coinage at the Waldorf Astoria in New York City. In this preview article we’ll take a look at some of the highlights of the sale. All lots discussed in this article, as well as all lots from the entire auction, can be viewed on the Heritage website.

For our first lot we go back to the earliest days of the U.S. Mint in Philadelphia. Lot 5111 is an Uncirculated example of one of just two denominations struck at that facility in 1793… Full article at the source>

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

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Archaeologists Question Media Sensationalism

October 18, 2016 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coins, Collecting, Education, History, Investing, Legislation, News, Numismatica, Numismatics, Opinion, Politics, US Government, USA Coins, World Coins

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

Ancient coin collectors in the United States had good reason to smile this past weekend. Archaeologist Paul Barford in his blog Portable Antiquity Collecting and Heritage Issues joined a growing list of critics who believe that U.S. government officials are being swayed by false information. Specifically, Mr. Barford cites major media reports regarding ISIS funding as tainting a recent Congressional Homeland Security Committee Report with “outdated information, misrepresented statistics, and discredited figures.” He goes on to suggest that congressional staffers who authored the report “…searched for reports published in major media outlets without critically examining… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Louisiana Purchase Commemorative Gold Dollars

September 16, 2016 in Antique Coins, Coins, Collecting, Commemorative, Dollar Coins, Education, Gold, Gold Coins, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, US Mint, USA Coins

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

300-c_1903_laexpo_01dg_jeff_o_tmsmall

Thirteen gold commemorative coins were released by the United States Mint between 1903 and 1926, ranging in denominations from one dollar to fifty dollars. These were sometimes released in conjunction with a commemorative silver dollar, but occasionally featured another subject altogether, as was the case with the first two gold commemorative issues, the 1903 Louisiana Purchase gold dollars.

The United States first struck a gold dollar in 1849, following the discovery of gold in California. Over the years, the denomination ceased to be used except in remote areas of the country, and by the 1880s mintages had dropped considerably. The denomination… Full article at the source>

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

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True quality, a good dealer, and freshness do make a difference

September 5, 2016 in Antique Coins, Blogs, Coin Dealers, Coins, Collecting, Education, Investing, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

If you think this Hot Topics sounds like a broken record-yes, it does. I can never say these issues enough!

HOW LONG DOES IT TAKE FOR A COIN TO BE FRESH?

This is where many collectors make big mistakes. A coin purchased in 2013 is NOT fresh. Most likely people remember it. A coin from 2005 IS now fresh. There is no specific rule as to what is “fresh”. We like to think anything 10+ years or longer off the market completely is fresh. recently I had a collector say to me, I have been buying since 2012, why can’t I make… Full article at the source>

Source: Legend Numismatics Hot Topics

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