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New Book Offers Advice for Online Coin Auctions

July 18, 2014 in Auctions, Books, Coins, E-commerce, Ebay, Education, News, Numismatica, Numismatics

July 18, 2014. By Coin Update (http://news.coinupdate.com/)

Numismatic writer Michael Bugeja has assembled a new, updated work–Online Coin Auctioneering–intended for estate auctioneers considering or already selling on a portal such as AuctionZip, iCollector or Proxibid. The advice in this new work also pertains to eBay and coin dealer auctions.

Bugeja writes that all online coin auctions, from the largest to the littlest, have these things in common:

Full article at the source>

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PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

July 11, 2014 in ANA (American Numismatic Asociation), Antique Coins, Auctions, Clubs and Associations, Coins, Coins for sale, Collecting, Conventions, Events, Grading, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS, Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, US Mint, USA Coins

Updated:

For immediate release
July 11, 2014

News media contact:
Steve Sloan, (949) 567-1223

PCGS Certifies Rare Transitional Peace Dollars From Former Mint Director’s Estate

Five rare 1921 and 1922 proof and circulation strike Peace dollars that reflect historic transition changes in the original high-relief design of the series have been authenticated and graded by Professional Coin Grading Service (www.PCGS.com). The coins exhibit different finishes and relief, including a previously unreported 1921 High Relief sandblasted and antiqued finish presentation specimen.

For over 90 years the coins were under the numismatic market radar, owned by and later in the estate of Raymond T. Baker (1877 – 1935) who was United States Mint Director at the time the five Peace dollars were struck.

“This is a fantastic group of 1921 and 1922 transitional coins, and is one of the most significant group of 20th century coins we’ve seen in a long time,” said PCGS Co-Founder David Hall.

The coins were submitted for certification by PCGS Authorized Dealer Ronald J. Gillio on behalf of Stack’s Bowers Galleries (www.Stacks.com).  Stack’s will offer them in their upcoming public auction in conjunction with the American Numismatic Association’s World’s Fair of Money in Rosemont, Illinois.

“There are three ‘discovery’ pieces among these five important coins, and PCGS has created three new classification numbers to formally recognize and catalog them.  Each of the five transitional Peace dollars now have the “Baker Estate’ pedigree indicated on the insert label in their PCGS holders,” explained PCGS President Don Willis.

“With submission of these historic Baker Estate coins, PCGS now as identified and certified over the years a total of 19 different proof 1922 Peace dollars,” said Willis.

Baker served as Mint Director from March 1917 to March 1922.

“During his tenure, Baker oversaw the introduction of the new Peace dollar in 1921 and the subsequent design modifications in early 1922.  Because of his position, he was able to acquire several important numismatic rarities that have remained off the market since the time of their production,” explained Ron Guth, President of PCGS CoinFacts (www.PCGSCoinFacts.com), the Internet’s most comprehensive resource for information about U.S. coins.

The five recently certified coins and their grades and varieties are:

  • 1921 $1 PCGS SP64.  A discovery coin that has a normal High Relief design, but with a sandblasted and antiqued finish.
  • 1922 $1 PCGS PR67.  Modified High Relief (Judd-2020).  Satin (or “Bright”) finish.  A total of 3,200 production trial examples were struck, but only a few were not subsequently destroyed.  This surviving example is believed to be one of the first made and produced on a Mint press used to strike medals to bring up the Peace dollar design details.
  • 1922 $1 PCGS MS65.  Modified High Relief (J-2020, same die pair as the preceding coin).  It has the number “3200″ inked in the left obverse field indicating it was the last coin struck from the production run of 3,200 before the obverse die failed.  It was struck on a normal production press.
  • 1922 $1 PCGS MS67.  Low Relief (Early hub dies, as adopted, but with the B1 reverse).  It was pulled from production when the press indicator reached 140,000 coins struck.
  • 1922 $1 PCGS MS67.  A second Low Relief, early hub dies example, pulled from production at the same time as the preceding coin.
A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.

“This remarkable assemblage traces the transition from the High Relief design of 1921 to the Low Relief design of 1922, and all of the intermediate steps,” said Guth.

“The higher striking pressures required to bring up the full details of the 1921 Peace Dollar caused the dies to fail prematurely.  In an attempt to solve this problem, Mint employees lowered the relief of the design, but only slightly.  These coins are known as the Modified (or Medium) Relief design, but they failed for the same reason as the 1921s.  Ultimately, the design details were reduced drastically, as seen on all of the circulation strike Peace Dollars from 1922 to 1935,” Guth explained.

One of the coins in the group can be tied directly to a January 8, 1922 letter from Mint Superintendent Freas Styer when he sent three 1922-dated experimental coins to Mint Director Baker.  Superintendent Styer wrote: “…the coin marked ’3200′ was the thirty-second hundredth piece struck – the last before the die sunk.”

Guth stated:  “The historic importance of that coin is immeasurable. This is one of the rare instances when a particular coin can be tied positively to contemporary correspondence.”

Circumstantial evidence supports a claim that the 1922 “Bright” finish Modified High Relief was also included with that letter.  The “Sandblast” finish coin cited in the letter remains unidentified.

Earlier this year, PCGS certified the finest 1922 Matte Finish High Relief Peace dollar, graded PCGS PR67, that also originated from Mint Director Baker’s estate.  It will be one of the featured exhibits in the official Museum Showcase display at the ANA 2014 Chicago World’s Fair of Money, August 5 – 9, courtesy of collector Bob R. Simpson of Texas and Legend Numismatics of New Jersey (www.legendcoin.com).

Since its founding in 1986, Professional Coin Grading Service experts have authenticated and graded over 27 million coins with an estimated market value of $27 billion.  For additional information about PCGS services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.

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Legend Numismatics Hot Topics (The Pogue Collection)

July 8, 2014 in Antique Coins, Auctions, Coins, Coins for sale, Collecting, Gold, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins

Legend Numismatics Hot Topics (The Pogue Collection)

A commentary by Laura Sperber From Legend Numismatics

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Free Admission and Gold Coin Prizes At 2014 PNG-ANA Numismatic Trade Show

June 16, 2014 in ANA (American Numismatic Asociation), Auctions, Clubs and Associations, Coin Dealers, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Gold, Gold Coins, News, NGC, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases

For immediate release
June 16, 2014

 

News media contacts:
Robert Brueggeman, for PNG, (951) 587-8300
Jake Sherlock, for ANA, (719) 482-9872

 

Free Admission and Gold Coin Prizes At 2014 PNG-ANA Numismatic Trade Show

(Rosemont, Illinois) — Complimentary admission coupons for collectors and the general public are now available for the PNG-ANA Numismatic Trade Show being jointly conducted August 2 – 4, 2014 by the Professional Numismatists Guild (http://www.PNGdealers.org) and the American Numismatic Association (http://www.money.org).  One lucky visitor each day will win a U.S. $20 denomination gold coin valued at more than $1,300.

The three day, Saturday-to-Monday show will be held immediately prior to and in the same location as the Chicago 2014 ANA World’s Fair of Money SM in Hall A of the Donald E. Stephens Convention Center in Rosemont, Illinois.  Public hours will be Saturday, August 2, from 10 am to 6 pm; Sunday, August 3, from 9 am to 6 pm; and Monday, August 4, from 9 am to noon.

Auction lot viewing will be conducted during the show by Stack’s Bowers Galleries and Heritage Auctions, the ANA’s official 2014 auctioneers.

“The PNG-ANA Numismatic Trade Show will be open to the public to buy and sell,” said PNG Executive Director Robert Brueggeman.

“This show is being produced by the same, experienced team that successfully organized PNG Day shows across the country for two decades,” added Brueggeman.

Admission at the door will be $6 per person; however, free admission coupons and complimentary invitations are available in advance now from the approximately 100 participating dealers who will have tables at the show.  A list of the those dealers is online at http://www.pngdealers.org/images/ANAdirectory.2014.pdf.

Numismatic Guaranty Corporation, the official grading service of PNG, and Professional Coin Grading Service will both be accepting submissions at the show, and PCGS will be conducting on-site grading.

For additional information about the PNG-ANA Numismatic Trade Show, go to http://www.pngdealers.org/events, or contact the Professional Numismatists Guild by phone at (951) 587-8300 or by email at info@PNGdealers.org.

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Historic Bass Collection Patterns Offered By Heritage Auctions At ANA World’s Fair of Money

June 2, 2014 in ANA (American Numismatic Asociation), Antique Coins, Auctions, Bronce Coins, Charity, Coin Grading, Coins, Coins for sale, Collecting, Copper, Copper Coins, Events, NGC, Nickel Coins, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Rare Coins, Silver, Silver Coins, USA Coins

For immediate release
June 2, 2014

News media contact:
Noah Fleisher, (214) 409-1143  NoahF@ha.com

Historic Bass Collection Patterns Offered By Heritage Auctions At ANA World’s Fair of Money

 

Proceeds from August 7, 2014 auction of these 30 coins will aid philanthropic mission of Harry W. Bass, Jr. Foundation

 

(Dallas, Texas) — Thirty United States pattern coins from the acclaimed collection of the late Texas business executive and philanthropist Harry W. Bass Jr. (1927 – 1998) will be offered without reserves during the Platinum Night auction conducted by Heritage Auctions (http://www.ha.com) on August 7th, 2014 during the Chicago 2014 American Numismatic Association World’s Fair of MoneySM.  Proceeds from the sale will be used for philanthropic purposes by the Harry W. Bass Jr. Foundation of Dallas.

The Bass Collection 1838 plain edge Seated Liberty half dollar pattern in copper (Judd-77) will be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

The Bass Collection 1838 plain edge Seated Liberty half dollar pattern in copper (Judd-77) will be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

The Bass Collection 1838 plain edge Seated Liberty half dollar pattern in copper (Judd-77) will be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

The Bass Collection 1838 plain edge Seated Liberty half dollar pattern in copper (Judd-77) will be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

An 1865 with motto Seated dollar n silver (Judd-434) is among the 30 Bass Collection pattern coins Heritage Auctions will offer without reserve at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

An 1865 with motto Seated dollar n silver (Judd-434) is among the 30 Bass Collection pattern coins Heritage Auctions will offer without reserve at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

An 1865 with motto Seated dollar n silver (Judd-434) is among the 30 Bass Collection pattern coins Heritage Auctions will offer without reserve at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

An 1865 with motto Seated dollar n silver (Judd-434) is among the 30 Bass Collection pattern coins Heritage Auctions will offer without reserve at the 2014 ANA World's Fair of Money. (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

For the past 14 years, the 30 historic patterns have been on loan to the ANA and were frequently displayed in rotation with hundreds of other Bass Collection coins at the association’s Edward C. Rochette Money Museum at ANA headquarters in Colorado Springs, Colorado.

The coins in the upcoming auction include an 1838 plain edge Liberty Seated half dollar in copper (Judd-77), an 1865 with motto Seated Dollar in silver (J-434) and an 1875 Trade dollar in silver (J-1426).  All of the consigned Bass coins are being submitted to Numismatic Guaranty Corporation for grading and will have the pedigree on the insert labels in the holders.

Coins from the Bass Collection of patterns to be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money include this 1875 Trade dollar in silver (Judd-1426). (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

Coins from the Bass Collection of patterns to be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money include this 1875 Trade dollar in silver (Judd-1426). (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

Coins from the Bass Collection of patterns to be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money include this 1875 Trade dollar in silver (Judd-1426). (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

Coins from the Bass Collection of patterns to be offered without reserve by Heritage Auctions at the 2014 ANA World's Fair of Money include this 1875 Trade dollar in silver (Judd-1426). (Photo credit: Images from Heritage Auctions with permission from the Harry W. Bass Jr. Foundation.)

“These literally are museum-quality rare coins!,” said Todd Imhof, Executive Vice President of Heritage Auctions, an official auctioneer of the 2014 ANA World’s Fair of Money.

“These amazing patterns come to the Chicago auction out of the specialized holdings of the Bass Collection that has been on display at the ANA Museum since 2000 when the ANA was selected by the Harry W. Bass, Jr. Foundation to hold this incredible collection,” explained Imhof.

F. David Calhoun, Executive Director of the Harry W. Bass, Jr. Foundation stated: “Over the years, Harry Bass worked with various experts at Heritage and made purchases with our Dallas neighbor, but never consigned through their auctions. Now, we are returning selections to the marketplace. As the Harry W. Bass, Jr. Foundation sells these coins to provide funds to support our philanthropic mission, we are seeking the highest possible return. I trust Heritage to provide that, and I look forward to working with them in this new capacity.”

Pattern coins were produced usually in small quantity to test proposed designs, and sometimes were struck in various metals.  U.S. patterns are often cited by their “J” number as part of the reference system originally created by researcher and patterns reference book author, Dr. J. Hewitt Judd.

In addition to J-77, 434 and 1426 mentioned above, the 27 other patterns from the Bass Collection that will be offered at the auction are:

  • 1838 Seated Liberty half dollar, J-79 original in silver
  • 1850 Annular Cent, J-119 in billon
  • 1855 Flying Eagle cent, J-168 in bronze
  • 1861 With Motto half dollar, J-278 in copper
  • 1863 Postage Currency dime, J-326 in copper
  • 1863 With Motto quarter dollar, J-335 in silver
  • 1863 With Motto half dollar, J-344 in aluminum
  • 1865 With Motto half dollar, J-429 in silver
  • 1866 Washington five cent, J-473 in nickel
  • 1866 Shield nickel, J-509 in bronze
  • 1868 cent, J-606 in copper
  • 1869 Standard Silver quarter dollar, J-721 in silver
  • 1870 half dime, J-815 in copper
  • 1871 Indian Princess quarter dollar, J-1090 in silver
  • 1871 Indian Princess quarter dollar, J-1092 in aluminum
  • 1871 Indian Princess quarter dollar, J-1093 in silver
  • 1871 Indian Princess dollar, J-1149 in aluminum
  • 1872 Commercial dollar, J-1219 in silver
  • 1873 Trade dollar, J-1293 in silver
  • 1873 Trade dollar, J-1322 in silver
  • 1874 Twenty cent piece, J-1355 in copper
  • 1874 Twenty cent piece, J-1356 in aluminum
  • 1879 quarter dollar, J-1591 in copper
  • 1881 cent, J-1665 in aluminum
  • 1882 Shield nickel, J-1697 in nickel
  • 1885 Snowden dollar, J-1747 in silver
  • 1896 five cents, J-1771 in nickel

“Harry W. Bass, Jr.’s collection has long been heralded as one of the most amazing collections ever put together, and we’ve been very fortunate to get to display these beautiful works of art at the Edward C. Rochette Money Museum,” said Kim Kiick, ANA Executive Director. “Thousands of visitors to the Money Museum have enjoyed the Bass Collection over the years, and thousands more will continue to enjoy the rest of Harry Bass’s amazing collection in the interactive Bass Gallery. We very much appreciate our long-term relationship and support that the Harry W. Bass Jr. Foundation has given to the ANA.”

Bass was a life member of the ANA for more than 30 years.  He received the ANA Medal of Merit in 1989, and was selected to the association’s Numismatic Hall of Fame in 1998.

The Harry W. Bass, Jr. Foundation seeks to enrich the lives of Texans by providing support to qualified organizations in the areas of education, human services, civic and community, science and research, and arts and culture. It funds special projects of public entities or other nonprofit 501(c)(3) endeavors. Mr. Bass sought to extend the accomplishments of his father’s Harry Bass Foundation, established by Harry Bass, Sr., supporting Dallas charitable and religious institutions, hospitals, and museums with funds from family oil interests and subsequent investments. Assets of the merged Harry W. Bass, Jr. Foundation have continued to grow with the sale of portions of Mr. Bass’s coin collection, following his death in April 1998. This auction will further that mission.

Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $900 million, and 850,000+ online bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit HA.com.

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San Francisco’s Old Mint To Hold Rare Coin Exhibit & Auction For New Museum

May 27, 2014 in Antique Coins, Auctions, Charity, Coins, Coins for sale, Collecting, Events, Gold, Gold Coins, Museums, News, Numismatica, Numismatics, Precious Metals

SAN FRANCISCO (KCBS)— While someone in San Francisco won the $70 million SuperLotto prize this weekend and the mystery tweeter is planting hidden cash about the Bay, one California family is ready to cash in on its own buried treasure.

The Saddle Ridge Hoard has been heralded as the greatest buried treasure discovery in the history of the country. This Tuesday night the first coin from the hoard is set to go up for auction.

One year ago, a Sierra Nevada couple found eight cans in their backyard that were stuffed with 1,400 19th century gold coins. Rare coin expert, David McCarthy with Kagin’s, who specializes in early and rare U.S. coins, has been helping the couple to prepare their treasure trove for auction.

Full article at the source>

San Francisco Museum at the mint: http://www.theoldmint.org/

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Coin could be a clue to Anglo-Saxon murder

May 25, 2014 in Ancient Coins, Antique Coins, Auctions, Coins, Coins for sale, Collecting, History, News, Numismatica, Numismatics, Pennies, Rare Coins, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

By: EastBourne Herald. May 23rd, 2014 (http://www.eastbourneherald.co.uk)

A unique Anglo-Saxon silver penny which provides a clue to the murder of an East Anglian king by a neighbouring monarch has been found in a Sussex field by an Eastbourne metal detectorist.

 

The 1,200 year-old coin minted during the reign of Æthelberht II will be auctioned at Dix Noonan Webb, the international coins and medals specialists, in London on June 11, when it is expected to fetch £15,000 to £20,000.

Darrin Simpson, a 48 year-old pest control specialist, was hurrying to shelter from a hailstorm in early March when he picked up a signal on his detector.

Full article at the source>

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Modern Greek Coin Sells for Record Price

May 13, 2014 in Auctions, Coins, Collecting, Gold, Gold Coins, Greek Coins, News, Numismatica, Numismatics, Rare Coins, World Coins

By: Coin Update. May 12th, 2014 (http://news.coinupdate.com)

An George I 1876 Gold 100-Dramchai broke the world record for any Modern Greek coin selling for £216,000 in A.H. Baldwin & Sons Ltd’s sale of European Coins from the Åke Lindén Collection on Wednesday 7th May 2014.

This exceptional rarity was from the collection of Swedish numismatist Åke Lindén, one of the world’s most prolific coin collectors. It sold in the latest of a calendar of worldwide auctions hosted by Baldwin’s presenting Lindén’s vast and esteemed collection.

Dimitri Loulakakis, Director of World Coins at A. H. Baldwin & Sons Ltd said: “Baldwin’s are pleased to see the continued successful dispersal of Åke Lindén’s collection, the price this George I 1876 Gold 100-Drachmai achieved illustrates the rigorous attitude Lindén had towards collecting top quality rarities and also the buoyancy of the current European coin market. We are thrilled with the outcome of the sale.”

Full article at the source>

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A record £516,000 for royal coin: Incredibly rare sovereign bearing head of Edward VIII and struck before abdication sold at auction

May 9, 2014 in Antique Coins, Auctions, British Coins, Coins, Collecting, Commemorative, Gold, Gold Coins, News, Numismatica, Numismatics, Proof Coins, Rare Coins, UK Coins, World Coins

By Daily Mail Reporter May 8th, 2014. (http://www.dailymail.co.uk)

  • Coin is one of two gold ‘proofs’ struck before planned 1937 coronation
  • But it was never properly struck because Edward VIII stepped down in 1936

An incredibly rare coin bearing the head of Edward VIII has sold for a record £516,000, the highest sum ever paid for a British coin.

It is one of only two ‘proof’ gold coins that were struck ahead of the production of commemorative sovereign coins to mark the king’s coronation in 1937.

But in December 1936 Edward abdicated in order to marry US divorcee Wallis Simpson, before the sovereigns were made, making the coins redundant.

Today the coin collector who bought it said he would have bid another 50 per cent to secure the coin he called ‘the greatest and most famous British coin of all.

Full article and pictures at the source>

 

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N.L. coin sells for more than $100,000

April 14, 2014 in Antique Coins, Auctions, Canadian Coins, Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, World Coins

By: Mark Rendell Special to The Telegram. April 14th, 2014. (http://www.thetelegram.com)

Rare gold piece sets record

Rummage through dad’s old coin collection. Check grandma’s trunk. If you have an old Newfoundland coin lying around, you may make a fair dollar.

On April 11, one of these coins sold for US$102,812.50 at a major auction in Chicago. The $2 gold coin is, according to Rod O’Driscoll, owner of East Coast Coins, the most expensive Newfoundland coin ever sold.

It was minted in 1865 to test a design for the Newfoundland $2 coin. The design wasn’t chosen, so the coin is one of a kind.

On its way to the auction block, said O’Driscoll, the coin passed through some interesting hands. In 1910 it appears to have shown up in the British Museum in London. A little later it found its way into the collection of King Farouk of Egypt.

In a 1969 article, coin specialist Fred Bowman listed it as one of Canada’s 10 rarest coins, and most recently it was sold in 1995 from the world famous Emory May Norweb collection for close to  $40,000.

Full article at the source>

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Government wants its rare penny back

April 9, 2014 in Antique Coins, Auctions, Coins, Collecting, News, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

La Jolla men had hoped to sell unique aluminum coin for $250K

By Dana Littlefield .April 8, 2014 (http://www.utsandiego.com)

Randy Lawrence and Michael McConnell had a plan.

The two friends, brought together by serendipity and an extremely rare penny, were going to auction the coin later this month and donate part of the proceeds to charity. The one-of-a-kind 1974-D aluminum penny was expected to fetch $250,000 or more.

But now the U.S. government wants it back.

A lawyer for the United States Mint sent a letter to the men in February stating that because the aluminum penny was never issued as legal tender, the coin remains property of the federal government, regardless of how long it was in private hands.

Lawrence, a real estate agent, inherited the penny from his father in 1980. He recently sold it to McConnell, owner of the La Jolla Coin Shop, who later uncovered the penny’s history and notified Lawrence.

Now the men are taking the issue to federal court. They filed a lawsuit last month seeking a judgment from the court declaring that they, not the government, are the coin’s true owners.

Meanwhile, plans to auction the penny remain on hold.

Full article at the source>

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http://numismatica.com/a-penny-saved-could-net-pair-250000/

http://numismatica.com/1974-d-aluminum-lincoln-cent-on-display-at-long-beach-expo/

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Coins! The Arielle Collection Part Two at Baldwin’s Auctions

March 28, 2014 in Antique Coins, Auctions, British Coins, Bronce Coins, Coins, Coins for sale, Collecting, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, World Coins

By: Yareah Magazine. March 27th, 2014 (http://www.yareah.com/)
The first day of Baldwin’s three-day May auction calendar will contain the second part of one of the most impressive British colonial coin collections to have ever been offered for sale by public auction.  Part One of The Arielle Collection sold through Baldwin’s Coinex auctions in September 2013, where every one of the 818 lots sold for an exceptional sale total of £505,092.
Compiled by a collector who sought out only the finest specimens, the second and final part of the collection will comprise 980 lots. His impeccable collection includes many pattern and proof coins from British Guiana, British Honduras, British West Indies, Hong Kong, Straits Settlements, Ceylon, Cyprus, Fiji, the Ionian Island and New Zealand.
The catalogues for all three auctions will be available to view online at www.baldwin.co.uk , and online biding with no additional premium is available through the services of www.the-saleroom.com.
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Coin Collecting Is Hot: Why Investors Are Taking a Shine to Numismatics

March 26, 2014 in Antique Coins, Auctions, Coins, Collecting, Gold, Gold Coins, Numismatica, Numismatics, Rare Coins, USA Coins, World Coins

By Ross Kenneth Urken (http://www.mainstreet.com/) March 25th, 2014.

NEW YORK (MainStreet) — Think twice before you cast aside loose change along with pocket lint: that seemingly insignificant legal tender could be worth a fortune.

But complete serendipity – as happened to a California couple earlier this year – is not a requirement for finding hidden treasure. Auction platforms — many of which, like Stack’s Bowers Galleries, are online — allow collectors to seek out their own pieces with ease.

And investors are doing so in droves.

The fervor in the rare coin and currency market is indeed highlighted by last year’s world-record-breaking sale of the highest value coin ever – a 1794 “Flowing Hair” silver dollar for a stratospheric $10 million.

That’s part of a more widely-observed phenomenon: the non-profit Professional Numismatists Guild recently reported that the roaring U.S. coin was worth $5 billion in 2013.

Amid drops in the precious metals market and a buoyant stock market, investorsare looking toward secure and appreciable collectibles, with a growing interest in coins coinciding with the all-time-high art auction sales of late, including the Francis Bacon triptych that fetched $142.4 million at Christie’s last year.

Full article at the source>

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Künker Spring Sale: A Week Full of Surprises

March 24, 2014 in Ancient Coins, Antique Coins, Auctions, China Coins, Coins, Collecting, Gold, Gold Coins, History, Medals, News, Numismatica, Numismatics, Rare Coins

March 24, 2014 By Ursula Kampmann (http://news.coinupdate.com/)

140.000 euros for a Chinese dollar from 1896, 110.000 euros for a gold coin from Czechoslovakia from 1938 – the spring sale of Künker was full of surprises! Less surprising was: the pre-sale estimate of 5.7 million euros was easily surpassed by the hammer price amounting to 8.75 million euros.

The spring auction of Künker / Osnabrück took five days. The four weighty catalogs contained many interesting special collections. Hence, several hundreds of dealers and collectors came to the Hotel Steigenberger Remarque to witness the 6,129 lots on offer changing hands.

Auction sale 245 – Gold coins / German Empire coins since 1871 / Russian coins

The most remarkable result of day one was obtained by a 5 ducat piece from Czechoslovakia from 1938 of which just 56 specimens were produced. Its obverse shows the national coat of arms as well as a lime tree branch, on the reverse Saint Wenceslas with the lettering Hedej Zahynouti Nam i Budoucim (Do not let us or our descendants perish). Its pre-sale estimate had been 10,000 euros, and it can be found for 30,000 euros in the latest World Coin Catalog written by Schön. That the two prices are totally out of date is evidenced by the hammer price: 110,000 euros!

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All results can be found on the website of Künker at www.kuenker.de

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