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Did you know that the buffalo on the “Buffalo Nickel” is not a buffalo at all?

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Press Release

While the official name is the Five Cent Indian head, this coin has come to be known in the hobby as a “Buffalo Nickel.” Peculiarly, the sturdy animal featured on the coin is not an actual buffalo — it is an American bison!

One may understandably have a hard time distinguishing between the animals. Early American settlers called bison “bufello” due to the similar appearance between the two animals, and the name “buffalo” stuck for the American mammal. Bison is a Greek word meaning ox-like animal while the term buffalo came from French fur trappers as “boeufs” (meaning ox or bullock) Full article at the source>

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

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Stack’s Bowers Galleries to present The El dorado Collection of Colombian Coins and Paper Money at the NY International Convention

December 8, 2017 in Collecting, News, Numismatica, Numismatics, Press Releases

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

The El dorado Collection of Colombian Coins and Paper Money, to be offered in two auction catalogs, is one of the finest ever cataloged and represents an important event in Latin American numismatics. The El dorado Collection is so sweeping in scope, that these catalogs are only the initial offerings, featuring many of the rarest and highest grade selections from this epic cabinet. Stack’s Bowers Galleries is pleased to be showcasing the first installment of this collection as part of their official auction January 11-13, 2018, during the New York International Convention at the Grand Hyatt Hotel in New York City. The… Full article at the source>

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

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Affordable colonial coinage

December 8, 2017 in Collecting, News, Numismatica, Numismatics

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

Colonial American coins are somewhat of a misnomer in the field of numismatics. While many of them were indeed struck before the United States declared independence from Great Britain, others were made afterward, yet are still classified as colonial coins. This might seem a bit confusing, but generally speaking (however, even here, there are exceptions to the rule) colonial American coins are those that were struck prior to the establishment of a Federal Mint in Philadelphia in 1793. As many coin collectors know many colonial coins are of the highest rarity and sell for high prices whenever they come up… Full article at the source>

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

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The 1964 U.S. Proof and Uncirculated Sets heralded the first Kennedy half dollars

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Brandon Christopher Hall

Given the fact that we are now celebrating the centenary anniversary of the birth of President John F. Kennedy, I thought it would be prudent to discuss the first sets from the Mint to include the Kennedy half dollar: the 1964 U.S. Mint Proof Set and 1964 Mint Set. Each of these sets also included the Lincoln cent, Jefferson nickel, Roosevelt dime, and Washington quarter. The Proof Set coins were from the Philadelphia Mint, whereas each denomination in the Uncirculated Mint Sets was represented by a coin from Philadelphia and another from Denver. A notable feature of the 1964 Full article at the source>

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

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Poland: Precursor to independence, National Committee, is celebrated on new silver coin

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Coin Update

The National Bank of Poland have issued (15th November) a new coin which remembers the auspicious day when the establishment of Poland’s National Committee. The famed legislative body undertook the arrangements of the re-establishment of Polish independence after more than 146 years of partition.

With the precarious state of politics becoming more evident between the countries who had originally partitioned Poland: The Russian Empire, the Empire of Austria-Hungary, and the successor to the Kingdom of Prussia, Imperial Germany, the idea of an emerging independent Poland was becoming more of a reality. On the 4th June 1917, the president of the Republic Full article at the source>

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

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Latvia: Centenary anniversary of the Latvian Provisional National Council celebrated on new silver coin

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Michael Alexander

The Bank of Latvia have issued (4th December) a new silver coin which is in remembrance of the-then province’s first session of the Latvian Provisional National Council (LPNC) held in Valka 100 years ago, one of the most significant events which resulted in establishing Latvia’s statehood.

Between a complicated and vast war breaking out in Europe in late 1914 and the abdication of Czar Nicholas II in March 1917, circumstances all over the would-be former empire were about to change significantly. The nationalist sentiments in Finland and the three Baltic states of Latvia, Estonia, and Lithuania began to gain greater momentum, Full article at the source>

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

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PMANA responds to the passage of Senate tax reform bill

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Press Release

Washington, D.C. — Early Saturday morning, the Senate passed its tax reform bill. Among the provisions is the removal of personal property from Section 1031 Like-Kind Exchanges (LKE). If signed into law, taxpayers will no longer be able to defer gains made on exchanges of like-kind property — including precious metals coins and bullion.

Leading up to the vote, Senator James Inhofe (R-OK) introduced an amendment that would have restored personal property exchanges to Section 1031, though the measure was never voted on.

The amendment was applauded by the Precious Metals Association of North America (PMANA) who — together with a nationwide Full article at the source>

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

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Bitcoin: Digital bullion, or just digital?

December 8, 2017 in Collecting, News, Numismatica, Numismatics

By Brandon Christopher Hall

In a recent interview on the “Fast Money Halftime Report,” renowned trader Mark Fisher discussed the similarities between the current hype for the cryptocurrency Bitcoin and the silver rush seen in the late 1970s and 1980s. Fisher attributes Bitcoin’s rapid rise in value to its organic popularity (i.e., no meddling by Wall Street) and massive public interest. However, what truly separates Bitcoin from silver is that Bitcoin is a cryptocurrency, while silver is, and most likely always will be, considered a precious metal. Therefore, Bitcoin’s value as a currency is completely determined by the value placed on it by Full article at the source>

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

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Learning from the news of the day

December 5, 2017 in Blogs, Collecting, Education, News, Numismatica, Numismatics, Opinion

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

Although this blog is about numismatics, there are times when the news of the day reminds us that we not perfect beings and there are lessons learned that should apply to the hobby. For the last few months, there have been reports about how sexual harassment has been pervasive in industries where men hold a […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Ireland: Famed satirist and poet Jonathan Swift features on latest silver coin

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By Michael Alexander

The Central Bank of Ireland have officially launched (30th November) their latest silver crown coin which is in recognition of the 350th anniversary of the birth of satirist and poet Jonathan Swift (1667–1745), whose wit and outlook on life in Ireland during his lifetime is remembered from his many works and essays. He is best remembered as the author of Gulliver’s Travels, an adventure story involving several voyages of Lemuel Gulliver, which was first published in 1726. Swift is also widely remembered as having authored “A Modest Proposal,” a satirical commentary which focused on the conditions of poor children in Full article at the source>

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

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Polymer coin wins IACA award for Best Coin Innovation

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By Press Release

The IACA Excellence in Currency 2017 Coin Awards were conferred during The Coin Conference in Warsaw on October 24, 2017. The state mints of Baden-Wuerttemberg and the Bavarian State Mint were awarded the prize for Best Coin Innovation for their coin featuring a polymer ring. The cutting-edge German polymer circulation coin was also covered in an earlier Coin Update article from 2015.

Every two years, the International Association of Currency Affairs bestows the distinguished IACA Excellence in Currency Awards. On October 24, 2017, a German product was thus recognized: the tri-material 5-euro coin with polymer ring was labeled “Best Full article at the source>

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

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NGC signs Don Everhart, prolific coin sculptor and engraver, to autograph labels

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By Press Release

Don Everhart was involved in the creation of some of the most memorable U.S. coins of the last decade.

The Numismatic Guaranty Corporation (NGC) has finalized a deal with prolific coin designer, sculptor, and engraver Don Everhart to individually autograph NGC certification labels. Everhart was employed by the U.S. Mint from 2004 to July 2017, when he retired as lead sculptor.

He was also involved in the creation of numerous commemoratives, such as the intricate reverse design of the 2015 March of Dimes commemorative silver dollar, which won a Coin of the Year Award for “Most Inspirational Coin.” He also sculpted the Full article at the source>

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

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Review of NGC versus PCGS

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By Michael Bugeja

Last year at this time NGC chairman Mark Salzberg made this announcement, on which he expanded at the beginning of 2017:

[A]ll coins currently in NGC Registry sets—including those graded by other services—will be allowed to stay in those sets. There will be no NGC Registry point deductions or rank changes for these coins or sets. Starting in January 2017, however, if you would like to add a new coin to an NGC Registry set, it will need to be an NGC-certified coin.

He knew the decision would be controversial but defended it by stating, “I cannot continue to allow coins Full article at the source>

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

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Weekly World Numismatic News for December 3, 2017

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By scott These introductions to the weekly news are supposed to be my thoughts and opinions on some of the things I have read while looking for numismatic-related news. For this week, I cannot think of a thing to say. That is not exactly true. I have a lot to say but it is not numismatic-related! Honestly, […]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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November 2017 Numismatic Legislation Review

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By scott Most of the work in Congress has been on the tax bill (H.R. 1) and non-controversial legislation. The Senate has worked on reducing the number of presidential nominees on the Executive Calendar. Currently, there are 100 nominations waiting to be acted on and David J. Ryder, nominated to be the Director of the U.S. Mint, […]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Peruvian coin selected “Best in the World” by Real House of Coin

December 4, 2017 in Blogs, Collecting, News, Numismatica, Numismatics

By Press Release

The Real House of Coin in Spain awarded this coin for having the “Best Design in History.”

Two years after announcing the creation of 5-sol coins, Peru has written a new chapter in their award-winning history when the 1-sol coin, the Ceramic Shipibo Konibo of Ucayaliwas, was awarded the 2017 Nexonum ”Best in the World” in the category of “Legal Course Currency of 2016.”

The award was given for the quality of the design and for its taking into account all the elements of Peruvian culture. This coin, which was produced by the National Currency House, was put into circulation in Full article at the source>

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

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Weekly Numismatic World News for November 19, 2017

November 20, 2017 in Blogs, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Opinion, Silver, Silver Coins, USA Coins, World Coins

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

Sometimes, I find it difficult to keep an open mind with some of the non-circulating legal tender (NCLT) coins that are on the market. Some of the themes have started as interesting ideas have turned into blatant commercialism that I am not sure how to interpret its benefits to the hobby. From superheroes to movie […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Coingrader “fails”

November 16, 2017 in Auctions, Coins, Collecting, Education, Investing, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Photography, Silver, Silver Coins, USA Coins

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

Too often numismatic writers give the impression that they always win in online auctions, but all of them will fail on occasion, including me. That is what this post is about. Perhaps my examples here might inform you about issues that often result in cleaned or damaged coins after they are sent in for holdering.

Sometimes, in my view, the holdering company gets it wrong, as I wrote about earlier in the article, “Resubmitting or Living with Grades.”

More often I fail in winning coins because of poor photography, or sharp photography that doesn’t give me a clear view of the… Full article at the source>

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

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Eric P. Newman (1911-2017)

November 16, 2017 in Blogs, Collecting, History, News, Numismatica, Numismatics

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

It is with great sadness to report that an icon of numismatics, Eric P. Newman, died peacefully at his home on Wednesday at the age of 106. Even if you never met Newman your life in numismatics has been changed for the better by his work. He will be missed by everyone. The following is […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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How counterfeiting could one day be irrevocably stifled by smartphone apps

November 15, 2017 in Coins, Collecting, Education, Investing, Ipad Apps, Iphone Apps, News, Numismatica, Numismatics, Opinion, Software, Technology, USA Coins, World Coins

By: Brandon Christopher Hall News.CoinUpdate.com (Coin Update News)

Yesterday, the coin-collecting hobby got an update for the next generation: Lookzee. The app takes advantage of an iPhone’s camera to take an image of a collector’s coin, which is then cross-referenced against a database built from thousands of coins sorted by Tim Rathjen’s revolutionary “Machine.” After analyzing the collector’s coin, Lookzee provides its denomination, type, and year of issue. The app also provides a broad estimate of the coin’s worth as well. A video of the app in action is available on Lookzee’s official Facebook page, and while the only version available at the moment is for… Full article at the source>

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

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Lookzee arrives to App Store, IOS users may download immediately

November 14, 2017 in Coins, Collecting, Ipad Apps, Iphone Apps, News, Numismatica, Numismatics, Press Releases, Technology, USA Coins, World Coins

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

Bellingham, Washington — Stamp and Coin Place is pleased to announce the release of Lookzee, a smart, efficient, and easy way to image and share coins. Among Lookzee’s features are easy image acquisition, computer vision-assisted image handling, account creation with options for saving coin images, and in-app open chat forums to share and discuss coins.

Lookzee is the product of optical research and programming to leverage smartphone imaging capabilities, allowing users to create high-quality photos of the world’s most collected item, coins! Additionally, Lookzee’s software auto-crops… Full article at the source>

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

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Weekly Numismatic World News for November 12, 2017

November 13, 2017 in Blogs, Coins, Collecting, Crypto Currency, Currency, Digital Currency, Education, Entertainment, History, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

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

As I peruse the Interwebs for numismatic-related stories from non-numismatic sources, my searches are inundated with stories about Bitcoin, crypto-currencies, and blockchains. Most of the time, the stories are just noise given my objective to find information relevant to collectors including the issuance of circulating currencies and the impact of precious metals on the market. […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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The psychological profile of a counterfeiter, according to Criminal Minds

November 12, 2017 in Coins, Collecting, Counterfeit, Education, Fake Coins, History, News, Numismatic Crimes, Numismatica, Numismatics, Opinion, Rare Coins

By: Brandon Christopher Hall News.CoinUpdate.com (Coin Update News)

Recently, I happened to get back into watching the show Criminal Minds, which centers around the Federal Bureau of Investigation’s (FBI) Behavioral Analysis Unit (BAU). While most television crime shows tend to focus on the forensic and anthropological aspects of violent crimes, Criminal Minds, in keeping with its namesake, tends to focus on the psychological aspects of criminally deviant behavior. Two nights ago, I happened to be watching season one’s episode three, which is entitled “Won’t Get Fooled Again.” While the episode opened with a graphic scene of a man’s lower extremities being blown off by a car bomb in… Full article at the source>

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

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The centenary anniversary of President Kennedy’s birth passes us by while many more are still concerned learning about his death

November 3, 2017 in Art, Collecting, Commemorative, Education, History, Investing, Medals, News, Numismatica, Numismatics, Opinion, Precious Metals, Silver

By: Brandon Christopher Hall News.CoinUpdate.com (Coin Update News)

Following the initial release of 2,891 documents previously withheld by the Central Intelligence Agency (CIA) relating to the assassination of President John F. Kennedy on Thursday, October 19, the Internet went up in storm. While many are satisfied with this initial release of documents regarding the president’s assassination, the international non-profit transparency group WikiLeaks is offering a $100,000 reward for the remainder of the withheld documents, with founder Julian Assange calling President Trump’s delay on the 25-year-planned full release “inexcusable.” As an interesting example of cosmic irony, 2017 also happens to be the centenary anniversary of President Kennedy’s… Full article at the source>

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

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October 2017 Numismatic Legislation Review

November 1, 2017 in Blogs, Coins, Collecting, Education, History, Legal, Legislation, News, Numismatica, Numismatics, Opinion, Politics, US Government, USA Coins

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

It seems that when I write these posts about the monthly numismatic-related legislation reviews, I note how frustrating it is to follow the workings of Congress. Even though I work as a part-time political analyst and have some contacts I can leverage, even the insiders cannot explain why things happen. Let’s look at recent legislation. […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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