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Unlucky at the ATM

August 20, 2017 in Bank Notes, Blogs, Collecting, Education, Entertainment, Numismatica, Numismatics, Opinion, Paper Money, U.S. Notes, US Federal Reserve

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

You need a quick amount of cash. After all, not every transaction can be made with a credit card. You hop in the car and drive to the bank to use the ATM. Within seconds, the machine spits out money and you drive away. Early the next morning you look at the bills and notice […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Learning from History using Numismatics

August 18, 2017 in Blogs, Coins, Collecting, Commemorative, Education, Events, History, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

One of the most popular aphorisms was written by philosopher and essayist George Santayana: “Those who cannot remember the past are condemned to repeat it.” Although it was one line in Volume 1 of his five volume The Life of Reason, the statement is so profound that it stands out as a seminal statement. Events this past week in Charlottesville, Virginia are forcing us to heed Santayana’s warning and look at our history to understand how we got here and why. Regardless of how anyone feels about the issues behind the divisions we cannot condone the use of violence to try to force opinions on others. This is what was tried in the past, which is why we have to learn from it because it seems to repeat itself time and again.[…]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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Adding Collecting Guides

August 16, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

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

Over the last few weeks, I have been working on a few writing projects that include primers about collecting numismatics. While some of these articles have allowed me to repurpose blog posts, I have had to create some content not posted before. In the past, I posted a few including the series on small dollars […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Final design choices for the 2018 America the Beautiful quarters

August 14, 2017 in Blogs, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, News, Numismatica, Numismatics, Quarters, US Mint, USA Coins

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

(Coin-design images courtesy of the U.S. Mint)

(Coin-design images courtesy of the U.S. Mint)

The following is a re-post from Mint News Blog’s sister site, Coin Update.

 

The U.S. Mint unveiled the reverse designs for the 2018 America the Beautiful quarters on August 1 at the American Numismatics Association’s World’s Fair of Money in Denver.

The national sites to be recognized in 2018 are Pictured Rocks National Lakeshore in Michigan, Apostle Islands National Lakeshore in Wisconsin, Voyageurs National Park in Minnesota, Cumberland Island National Seashore in Georgia, and Block Island National Wildlife Refuge in Rhode Island. Each quarter reverse in the series depicts a scenic representation of the park…  Full article at the source>

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

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Weekly Numismatic World News for August 13, 2017

August 14, 2017 in Blogs, Coins, Collecting, Counterfeit, Education, Euro Coins, History, Investing, News, Numismatica, Numismatics, Opinion, Reference, USA Coins, World Coins

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

The reasons why counterfeiters are successful is that people do not pay attention. Even when people do allegedly pay attention, it is almost as if the brain is not engaging. A report from the U.K. says that people returning from mainland Europe are trying to pass euros because they look like the new £1 coin. […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Sirius Collecting

August 11, 2017 in Australian Coins, Blogs, Coins, Collecting, Collector Sets, Commemorative, Education, Entertainment, History, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, World Coins

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

Ancient Romans used to measure time by the position of the stars. One of the stars they observed was Sirius because it was the brightest star in the sky. During their observations, they found that starting about 20 days prior to its apex and 20 days that follow, the temperatures would be its hottest. This […] Full article at the source>

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France: New “Masterpieces” coin series pays tribute to the masterworks of French museums

August 11, 2017 in Art, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, Euro Coins, France Coins, Gold, Gold Coins, History, Investing, Monnaie de Paris, Museums, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

By: Michael Alexander  world.mintnewsblog.com (News and Commentary on World Coins)

The Monnaie de Paris have unveiled a new coin series which will focus primarily on some of the most memorable art treasures and masterpieces housed in many of France’s landmark museums and historical monuments. The three-year “Masterpieces of the Museums” series commemorates major artistic eras such as the Renaissance, the Baroque period, and Impressionism, and aims to honour two major masterpieces each year. In 2017, the series commences with a sculpture and a painting: The Venus de Milo (Vénus de Milo in French; from the Louvre Museum) and the Déjeuner sur l’herbe (from the Orsay Museum). Each design is minted… Full article at the source>

Source: world.mintnewsblog.com (News and Commentary on World Coins)

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NGC Adds to its Numismento Line

August 10, 2017 in Blogs, Coin Grading, Coins, Collecting, Education, Grading, History, Numismatica, Numismatics, Opinion, US Mint, USA Coins

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

Going through my email, I found a note from Numismatic Guarantee Corporation announcing a new label for the 10-coin 225th Anniversary Enhanced Uncirculated Coin Set. The label has the image of “Ye Olde Mint,” the mid-19th century picture of the original U.S. Mint building in Philadelphia. Funny thing is that the outrage of putting a […]

Source: Coin Collectors Blog (CoinsBlog.ws)

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U.S. Mint Anchors Last Long Beach Expo of the Year

August 10, 2017 in Auctions, Clubs and Associations, Coin Grading, Coin Shows, Coins, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Fun, Gold, Gold Coins, Grading, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins, World Coins, Young Collectors

For immediate release
August 9, 2017

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

U.S. Mint Anchors Last Long Beach Expo of the Year

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

(Long Beach, California) – It’s time for the last Long Beach Coin, Currency, Stamp and Sports Collectible Expo (www.LongBeachExpo.com) of the year, and as usual, the show is filled with fun for everyone. The three-day event will feature coin giveaways, the latest offerings and unveiling of a new 5 ounce silver coin from the United States Mint, and the display of two award-winning world coin sets.

Held September 7-9, 2017, the Long Beach Expo showcases collectibles from over 500 dealers, featuring everything from coins to cards.

“We’re thrilled to close out our Expo year with offerings from the U.S. Mint, which will be displaying and selling beautiful commemoratives, proof sets and more, including their brand-new 5 ounce coin, the Ellis Island 2017 5 Ounce Silver Coin, and the display of beautiful world coin sets brought to you by the PCGS Set Registry is sure to attract crowds. As always, we will host our coin giveaway, where a lucky attendee is chosen each day to win a gold coin, and PCGS will be offering on-site grading and exclusive show offers,” said Long Beach Expo President Cassi East.

Any attendee can enter to win a gold coin simply by registering online. Winners will be announced each day of the show at 1 p.m.

The official auctioneer of the Long Beach Expo, Heritage Auctions, will host four Signature Auctions, featuring U.S. Coins, World Coins, U.S. Currency and World Currency, from Wednesday, September 6 through Saturday, September 9.  Attendees are encouraged to visit the Heritage Lot Viewing room (104-A), located upstairs in the lobby area, to see the actual coin and currency items that will be in the auctions.

The Mint returns to the Long Beach Expo (booth #1535) after showcasing their groundbreaking American Liberty 225th Anniversary gold coin earlier this year, and they will be displaying the 225th Anniversary Four-Medal set, featuring four medals from four different mints with four different finishes. The medal set has reverse proof, proof, an enhanced uncirculated and uncirculated medal. The Mint is also launching their latest coin, the Ellis Island 2017 5 Ounce Silver Coin, which is available for purchase starting September 7, the first day of the show. Visitors can purchase or simply view the Mint’s latest offerings.

Also on the coin side, PCGS (www.PCGS.com) will be in attendance (booth #807) and offering on-site grading, as well as accepting submissions of all service levels.  Additionally, the brand-new coin price magazine, Rare Coin Market Report, will be distributed free of charge by PCGS at booth #1.

The bi-monthly magazine features up-to-date coin price info on PCGS-graded coins and fun, educational articles written by numismatic experts, like PCGS CoinFacts President Ron Guth.

“The Long Beach Expo presents a great opportunity to research a coin in the RCMR, visit booths like the U.S. Mint, purchase a coin and then return to the PCGS booth for grading. You can literally experience, all in one venue, the pivotal steps of coin collecting,” said PCGS President Don Willis.

McVey Collection: Two award winning world coin sets will be on display at booth #1535

McVey Collection: Two award winning world coin sets will be on display at booth #1535

Two beautiful world coin sets will be on display at the Set Registry booth (#1148): the McVey Canadian dollar date set and the McVey Mexico Silver Peso date set.

The 28-coin McVey Canadian dollar date set, circulation strikes, spans from 1935 to 1967 and features the portraits of three British monarchs: George V, George VI and Elizabeth II.  While, the award-winning McVey Mexico Silver Peso set features 41 silver pesos with two reverse designs.

“We always love to showcase world coins when the opportunity arises. Both of these sets are quite the spectacle, and we encourage show attendees to visit our booth and see these sets in person,” said PCGS Set Registry Director BJ Searls.

PCGS Co-Founder David Hall will be conducting “Meet the Expert” sessions, which is an opportunity for the public to bring their coins to the show and have them examined by a numismatist with decades of experience. Sessions take place from 1 p.m. to 2 p.m. on Thursday, September 7, and Friday, September 8, and from 12 p.m. to 1 p.m. on Saturday, September 9.

A staple of the Long Beach Expo returns with the Kids Treasure Hunt. Children visiting the Expo can earn free coins by participating in the fun, which will take place on Saturday, September 9, from 11 a.m. to 2 p.m.

Kids can also participate in numismatic youth activities at booth #861, including America The Beautiful Quarter Trivia and a memory game involving world currency. Children have the opportunity to win quarters and currency during the fun.

The Long Beach Coin, Currency, Stamp and Sports Collectible Expo takes place Thursday, September 7, through Saturday, September 9. Show hours are 10 a.m. to 7 p.m. from Thursday to Friday, and 10 a.m. to 5 p.m. on Saturday. The Long Beach Expo will take place at the Long Beach Convention Center, located at 100 South Pine Ave, Long Beach, CA.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance online.

Discounted tickets are available at  www.LongBeachExpo.com. Simply select ‘Get Passes,’ and enter the promo code: EXPOPR.

        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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Coin Update contributor Louis Golino wins a Numismatic Literary Guild award

August 9, 2017 in Awards, Clubs and Associations, Coin Shows, Coins, Collecting, Competition, Conventions, Education, Entertainment, Events, History, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Prize Winners, USA Coins

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

During the 2017 Numismatic Literary Guild (www.nlgonline.org) awards ceremony, held during the American Numismatic Association’s World’s Fair of Money in Denver, Colorado, on August 4, Coin Update contributor Louis Golino won his second NLG award to date.

The award for the best article in a non-numismatic publication was given for his story “Liberty Centennial Designs,” published in the magazine Elemetal Direct, about the 2016 trio of gold Liberty coins.

Louis has been writing about coins since 2010 for a wide range of publications and websites. He began by writing for Coin Update on modern U.S. coins. He then wrote a weekly… Full article at the source>

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

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PCGS CoinFacts Coin Dealer Hall of Fame adds to growing list of inductees

August 9, 2017 in Awards, Coin Dealers, Coin Shows, Coins, Collecting, Competition, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, USA Coins, World Coins

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

(Denver, Colorado)—On Friday, August 4, 2017, two more renowned numismatists joined the ranks of the PCGS CoinFacts Coin Dealer Hall of Fame.

In the final days of this year’s World’s Fair of Money, during the PCGS Set Registry Luncheon, Kevin Lipton and the late David Proskey joined the esteemed list of numismatists who comprise the PCGS CoinFacts Hall of Fame.

“It’s important that we acknowledge those who have made tremendous contributions to the industry and the hobby we love. Kevin Lipton and David Proskey did just that. The PCGS CoinFacts Hall of Fame has been adding prestigious names throughout numismatics since 2010,… Full article at the source>

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

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Mike Fuljenz Honored At 2017 World’s Fair of Money

August 8, 2017 in ANA (American Numismatic Association), Awards, Coin Shows, Coins, Collecting, Education, Events, History, Investing, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Press Releases, Prize Winners

News media contact:
Paul Stein, 409-860-9077

Mike Fuljenz Honored At 2017 World’s Fair of Money

Mike Fuljenz with his ICTA medal

Mike Fuljenz with his ICTA medal

(Denver, Colorado) August 7, 2017 – Rare coin and precious metals expert Michael Fuljenz, President of Universal Coin & Bullion of Beaumont, Texas (www.UniversalCoin.com), received an important national award at the recent American Numismatic Association 2017 Denver World’s Fair of Money® for his decades of anti-counterfeiting efforts.  

The Industry Council for Tangible Assets (www.ICTAonline.org) presented him with the Al Kreuzer Memorial Award medal for “outstanding contributions in the efforts to combat counterfeit coins and currency.”

Fuljenz is a long-time member of the ICTA Board of Directors and a member of their recently-formed Anti-Counterfeiting Task Force.  Since the 1980’s he has taught many counterfeit detection and rare coin authentication seminars for collectors, dealers and law enforcement officers.

“I am proud and honored to receive this award, and look forward to additional work with ICTA and other organizations to combat counterfeits and educate the public about the needs to buy and sell rare coins and precious metal bullion coins only with reputable, knowledgeable dealers, such as members of the Professional Numismatists Guild (PNG),” said Fuljenz.

Fuljenz is a member of the PNG’s Accredited Precious Metals Dealer program that requires all members to adhere to a strict code of ethics in the buying and selling of gold, silver and other bullion products. He now has won major awards from the four top organizations in the rare coin hobby and profession: the American Numismatic Association (ANA), Numismatic Literary Guild (NLG), Professional Numismatists Guild (PNG) and the Industry Council for Tangible Assets.

2017 NLG Ribbit Award winner David Hall with 2016 winner Mike Fuljenz, are distributed on behalf of Mike Fuljenz and Universal Coin & Bullion.

2017 NLG Ribbit Award winner David Hall with 2016 winner Mike Fuljenz, are distributed on behalf of Mike Fuljenz and Universal Coin & Bullion.

A strong consumer advocate, he received the prestigious PNG Sol Kaplan Award in 2016 in part for assisting an 84-year man recover the $84,000 he had paid to two unscrupulous dealers who sold him counterfeit American Eagle gold coins. Earlier, Fuljenz assisted a group of New Orleans physicians recover $750,000 after they unsuspectingly purchased counterfeit coins from a local attorney.

Summing up the rare coin marketplace during the ANA show in Denver, August 1 – 5, he commented:

“Really nice coins and important coins were in short supply, and highly desired by leading dealers and collectors at the show. These types of coins often brought impressive prices at auctions this week.   The United States Mint had long lines of customers wanting to buy their new products. The U.S. Treasury Department exhibits by the United States Mint and the Bureau of Engraving and Printing are always popular and educational.”

In addition to receiving an award at the World’s Fair of Money, Fuljenz presented two of them. As 2016 recipient of “The Ribbit,” an important honor presented annually by the NLG for outstanding service to the hobby, he presented the 2017 award to David Hall, co-founder of Professional Coin Grading Service.  “David is one of the top professional leaders of the hobby who certainly deserves recognition for all he has done to promote numismatic education,” explained Fuljenz.

As sponsor of the ANA’s top honor, the Farran Zerbe Memorial Award, Fuljenz co-presented it with ANA President Jeff Garrett to Brian Fanton of Iowa. “Brian surprised me at the ceremony by telling me he recalled how much he enjoyed taking one of my ANA coin grading seminars back in the 1980’s,” said Fuljenz.

Known as America’s Gold Expert®, Universal Coin & Bullion President Michael Fuljenz has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals. His weekly Metals Market Report is available free at www.UniversalCoin.com.

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Watch Pawn Stars’ Rick Harrison in Denver shave Miles Standish’s head to help sick children

August 3, 2017 in ANA (American Numismatic Association), Books, Charity, Coins, Collecting, Conventions, Education, Entertainment, Events, Fun, News, Numismatica, Numismatics, Press Releases

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

Rick Harrison, of History’s popular Pawn Stars television program and the famous Las Vegas Gold & Silver Pawn Shop, will make the first pass of the electric cutter on the head of NGC vice president Michael “Miles” Standish, who is deliberately going bald to raise money for two nonprofit organizations. Heritage Auctions co-chairman Jim Halperin and CIT Mint executive Orlando Williams also will have their heads shaved to raise money. Members of the Denver Broncos cheerleaders squad will attend as special guests to lead cheers and sign autographs for visitors at the event on Thursday afternoon, August 3, 2017.

Proceeds from… Full article at the source>

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

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Why isn’t the World’s Fair of Money being live streamed?

August 3, 2017 in ANA (American Numismatic Association), Blogs, Coin Shows, Coins, Collecting, Conventions, Education, Entertainment, Events, Numismatic Societies and Clubs, Numismatica, Numismatics, Online Tools, Opinion, USA Coins, World Coins

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

Since the World’s Fair of Money has opened let me get into my annual rant: Why isn’t the show broadcast for those of us who cannot attend? Once again, work obligations have prevented me from traveling to attend the World’s Fair of Money. Unfortunately, it has been a few years since I was able to […]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Whitman authors will speak at 2017 ANA “Money Talks” in Denver

August 2, 2017 in Books, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Press Releases, US Mint, USA Coins, World Coins

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

Several Whitman Publishing authors are scheduled to give “Money Talks” presentations at the American Numismatic Association World’s Fair of Money, August 1–5, 2017. The show is held at the Colorado Convention Center. Each “Money Talks” presentation is held in room 501 and is 30 to 45 minutes long, with time afterward for questions and discussion from the audience.

Thursday, August 3, 2017

“Collecting Modern U.S. Mint Silver Medals for Fun and Profit” — Whitman publisher Dennis Tucker, author of American Gold and Silver: U.S. Mint Collector and Investor Coins and Medals, Bicentennial to Date, will share his research and insight, and will… Full article at the source>

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

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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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PMANA requests House Committee on Ways and Means to bring fairness to the taxation of precious-metal coins and bullion

July 28, 2017 in Blogs, Bullion, Coins, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legislation, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Politics, Precious Metals, Press Releases, Silver, Silver Coins, US Government, US Mint, USA Coins

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

The following press release is courtesy of the Precious Metals Association of North America (PMANA).


(Washington, D.C.)—Discussions surrounding tax reform have heightened in recent weeks, and the Precious Metals Association of North America (PMANA) has offered testimony before the House Committee on Ways and Means asking for a change in the Internal Revenue Code that would bring fairness to precious-metals bullion and coin investors, while also creating smart investment opportunities for Americans.

Since 1982, gains made on precious-metals bullion have been taxed at the ordinary income rate due to language defining such bullion as a “collectible.” Congress has made numerous attempts to… Full article at the source>

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

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John F. Kennedy commemorative coin bills introduced

July 28, 2017 in Coins, Collecting, Commemorative, Education, History, Legislation, News, Numismatica, Numismatics, US Government, US Mint, USA Coins

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

On July 17, companion bills were introduced in the House and Senate authorizing production of commemorative coins to honor the birth centennial of President John F. Kennedy. Since last year (and even earlier), collectors have been watching for a blip on the legislative radar that would signal plans for a Kennedy commemorative; as each month passed with nothing to authorize such a program, they became increasingly vocal in their disapproval. Once Kennedy’s 100th birthday (May 29) was in the rearview mirror, most of the complaints gave way to an unhappy sense of resignation.

The oversight has been all the more glaring… Full article at the source>

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

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Falkland Islands: Liberation is remembered with new silver crown coin

July 27, 2017 in Coins, Collecting, Commemorative, Education, History, Investing, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, UK Coins, Uncirculated Coins, World Coins

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

The government and Treasury of the Falkland Islands have issued (11th July) a new crown coin which remembers the 35th anniversary of the day the islands were officially and wholly liberated from invading forces of the Argentinian Army. The long-running dispute between Britain and Argentina over the ownership of the Falkland Islands was brought to a head on the 19th March 1982, when 50 Argentinians landed on South Georgia Island and hoisted their flag. Under the order of Leopoldo Galtieri, president of Argentina and head of the military junta in charge, the invasion of the Falkland Islands was declared on… Full article at the source>

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

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North Carolina joins 35 other states with sales-tax exemptions

July 26, 2017 in Coins, Collecting, E-commerce, Education, History, Investing, Legal, Legislation, News, Numismatica, Numismatics, Rare Coins, US Government

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

On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales.

“The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark Brody, and Representative Mike Clampitt, along with its Senate sponsor, Senator Bill Rabon, championed the bill through the legislature,” said Mitch Hyatt (Hyatt Coin Shop, Charlotte, North Carolina). “North Carolina coin businesses and collectors owe them a debt of gratitude.”

In the fall of 2016, Hyatt started collaborating with the Industry Council for Tangible Assets… Full article at the source>

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

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PNG Statement on Passing of Leon Hendrickson

July 24, 2017 in Clubs and Associations, Collecting, Education, History, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild

PNG Statement on Passing of Leon Hendrickson

“The Professional Numismatists Guild (www.PNGdealers.org) was saddened to learn of the passing of long-time member Leon Hendrickson of Winchester, Indiana.  Hendrickson joined the PNG in 1970, served as the organization’s president from 1985 to 1989 and received the PNG Lifetime Achievement Award in 2003.  He was one of the first members approved as a PNG Accredited Precious Metals Dealer when the PNG-APMD program (https://apmddealers.org) was created in 2015,” explained PNG Executive Director Robert Brueggeman.

“Leon was a giant in the profession and hobby. He was a good friend to so many collectors and dealers across the country. Our condolences to his family and friends,” said PNG President Dana Samuelson.

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Tuvalu and the Perth Mint celebrate the 2017 Diwali festival with colorful silver coin

July 21, 2017 in Blogs, Coins, Coins for sale, Collecting, Commemorative, Education, Entertainment, History, New Releases, News, Numismatica, Numismatics, Perth Mint, Precious Metals, Silver, Silver Coins, World Coins

By: World Mint News Blog world.mintnewsblog.com (News and Commentary on World Coins)

Photo by rubengarciajrphotography

Background Photo by rubengarciajrphotography

The Perth Mint, in conjunction with the island of Tuvalu, has released a 1-ounce silver coin honoring the Hindu “festival of light” called Diwali. Celebrated by Hindus, Jains, and Sikhs not just in India but around the world, Diwali is a five-day festival in honor of Lakshmi, the Hindu goddess of love and good fortune. Her symbol is gold, so, naturally, gold is the focus of the joyous gift-giving that takes place over the course of the festival.

To celebrate Diwali, Tuvalu and the Perth Mint have once again joined efforts, this time producing a 1-ounce, .9999 fine… Full article at the source>

Source: world.mintnewsblog.com (News and Commentary on World Coins)

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