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Weekly Numismatic World News for August 20, 2017

August 21, 2017 in Blogs, Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Money, News, Numismatica, Numismatics, Opinion, Precious Metals, Silver, Silver Coins, USA Coins, World Coins

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

In my nearly 12 years of writing this blog and occasionally delving into the reasons for the fluctuating prices of precious metals and their impact on the numismatic market, there have been some fundamentals that have driven that market. As I was reminded in one of the articles in today’s list, “Is Now The Time […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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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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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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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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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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Israel: 50th anniversary of Jerusalem under one authority commemorated on new silver and gold coins

July 24, 2017 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, History, Israel Coins, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

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

The Bank of Israel will issue (1st August) new gold and silver coins which mark the 50th year of the city of Jerusalem, which was brought under one single authority as a result of the Six-Day War in June 1967.

Throughout Jewish history, the holy city of Jerusalem has never been forgotten. The city is considered holy to each of the primary monotheistic religions, with Jerusalem remaining an eternal source of inspiration and focus of pilgrimage for people from all over the globe.

From 1947 (before the establishment of the Jewish state in 1948) until 1967, Jerusalem was a divided city. The… Full article at the source>

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

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Four Are Arrested in Theft of Giant Gold Coin From Berlin Museum

July 13, 2017 in Burglaries, Coins, Gold, Gold Coins, News, Numismatic Crimes, Numismatica, Numismatics, Precious Metals, World Coins

By: David Shimer New York Times Topics (Numismatics)

The arrests were made in the theft of the 221-pound “Big Maple Leaf” coin from the Bode Museum. The coin has probably been melted or shattered, the authorities said… Full article at the source>

Source: New York Times Topics (Numismatics)

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Perth Mint’s rare $1.8m coin trilogy sold

July 7, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Commemorative, Gold, Gold Coins, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals

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

The following is a courtesy post from our sister site World Mint News Blog.

The pinnacle of the Perth Mint’s long-term association with Rio Tinto and Argyle Pink Diamonds, the Australian Trilogy is an incomparable combination of precious metals and rare, natural, fancy-colored diamonds unearthed from the Argyle Diamond Mine in the east Kimberley region of Western Australia.

“This coveted collection of diamond-studded gold and platinum coins has raised the bar on the concept of ‘unique collectable,’ exemplifying the quality craftsmanship for which the Perth Mint and Argyle Pink Diamonds are renowned,” said Perth Mint chief executive officer Richard Hayes.

Since the… Full article at the source>

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

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

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

CONTACT: Donn Pearlman
Telephone: 702-868-5777

E-mail: donn.pearlman@gmail.com

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

 

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

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

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

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

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

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

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

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

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

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

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

Highlights include:

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

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

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

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

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

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

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

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

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

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

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

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

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Texas: Home of the first state-run bullion depository in the U.S.

June 20, 2017 in Blogs, Bullion, Gold, Gold Bullion, History, Investing, News, Numismatica, Numismatics, Precious Metals, US Government

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

The Texas state capitol building, Austin. (Photo by Ed Uthman)

The Texas state capitol building, Austin. (Photo by Ed Uthman)

Lone Star Tangible Assets (LSTA), an Austin-based firm, has signed a five-year contract with the government of Texas to manage the state’s bullion depository, which will be under the authority of the state comptroller general (currently Glenn Hegar).

Prior to the law authorizing the Texas Bullion Depository, such facilities were privately owned, with the exception of the massive depositories of the federal government. They tend to be clustered near the New York financial hub, in part because of COMEX requirements that its member depositories be located within 150 miles of New… Full article at the source>

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

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Australian premier unveils Perth Mint’s rare $1.8m coin trilogy

June 15, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, Investing, New Releases, News, Numismatica, Numismatics, Perth Mint, Platinum, Platinum Coins, Precious Metals, Press Releases, World Coins

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

On June 7, the premier of Western Australia, the Honorable Mark McGowan MLA, unveiled a $1.8 million, one-of-a-kind coin collection struck by the Perth Mint.

The Australian Trilogy celebrates a selection of the nation’s natural treasures and is the Mint’s most significant numismatic release for 2017. In a convergence of color and light, the collection showcases three of Australia’s most beloved fauna on three precious-metal kilo coins. Each coin is hand set with a natural, fancy-colored diamond from Rio Tinto’s Argyle Diamond Mine.

Officiating at the event, the premier said that the creation of such an exceptional collector’s item reinforces Australia’s… Full article at the source>

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

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Hoard of 41 Roman solidi discovered in a Dutch orchard

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

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

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

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

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France: Endearing Disney character Scrooge McDuck features on latest “Youth Series” gold and silver coins

June 2, 2017 in Art, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Entertainment, France Coins, Gold, Gold Coins, Investing, Monnaie de Paris, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, World Coins

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

The Monnaie de Paris have unveiled a new series of coins which features one of Walt Disney Studios’ most engaging cartoon characters: Scrooge McDuck. The irrepressible duck with his affectation of a broad Scottish brogue has been part of the world of Disney now for 70 years.

Initially inspired by the Charles Dickens classic novel A Christmas Carol and its primary antagonist, Ebenezer Scrooge, Carl Barks came up with the quintessentially stodgy but lovable Scrooge McDuck in 1947. At the time, Banks was an author of comic-book stories for Western Publishing, an American comic-edition company, and was also working for Walt… Full article at the source>

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

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2017 American Eagle 1-oz. gold Uncirculated coin goes on sale today

June 1, 2017 in Blogs, Coins, Coins for sale, Collecting, Gold, Gold Coins, Gold Eagles, Investing, New Releases, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

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

(Photos courtesy of APMEX)

(Photo courtesy of APMEX)

Today (June 1) is the release date for the Mint’s annual American Eagle 1-ounce gold Uncirculated coin (17EH), which will be available from noon Eastern time. The Uncirculated and Proof AGEs are collector versions of the official U.S. Mint American Eagle gold bullion coins, differing with respect to finish and mintmark (which the bullion strike lacks). Each 22-karat (0.9127 fine) gold Uncirculated coin, denominated $50, is enclosed in a clear capsule housed in a blue, Mint-branded box, and comes with a certificate of authenticity.

(Individual, high-res photos courtesy of the U.S. Mint)

Each coin measures 1.287 inches in… Full article at the source>

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

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Texas Attorney General Issues Gold Coins Consumer Protection Tips

May 22, 2017 in Bullion, Coins, Coins for sale, Collecting, Education, Fake Coins, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Precious Metals, Press Releases, PSA, Rare Coins, US Government, USA Coins, World Coins

News media contacts:

Paul Stein, for Universal Coin & Bullion, 409-860-9077
Texas Attorney General’s office, 800-252-8011

Texas Attorney General Issues
Gold Coins Consumer Protection Tips

(Austin, Texas) May 22, 2017 – With input from numismatic experts, the Attorney General of Texas, Ken Paxton, has issued a consumer protection alert about buying and selling gold coins.  

Award-winning rare coins and precious metals writer, Michael Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas, provided continuing consultation to the attorney general’s office on this important consumer alert. Fuljenz, in coordination with other key numismatic industry leaders, offered guidance on consumer protection best practices for precious metals consumers.

The advisory notes that senior citizens make up about 14% of the U.S. population but account for 60% of the callers to the National Fraud Information Center.

Paxton’s advisory cautions consumers and investors: “If coins you bought as an investment would have to double or triple in value before any gain could be realized, you may have been a victim of fraud.”

Entitled “Consumers Should Do Their Research Before and After Investing in Gold Coins,” the advisory emphasizes the crucial importance of working with reputable dealers to help avoid paying too much when buying or receiving too little when selling.  Paxton’s office recommends researching dealers through the Better Business Bureau, the American Numismatic Association, the Professional Numismatists Guild, Professional Coin Grading Service and Numismatic Guaranty Corporation.

“By issuing this important consumer protection advisory, Texas is not only assisting Lone Star state residents but providing nationwide benefits to the public who can access this useful information online.  Attorneys general across the country now also have a template to provide consumer protection advice to their residents about buying and selling gold bullion and gold coins,” said Fuljenz.

Among other tips in the Texas Attorney General’s advisory:

Do not respond to callers not previously contacted. Cold callers often are not registered in Texas to legally telemarket and often try to pressure customers to act quickly.

Do not do business with a dealer who guarantees your purchases are totally safe, will go up in value or can’t go down, stresses government gold confiscation or says he will buy them back for what you paid at any time.

The full consumer protection advisory from Texas Attorney General Paxton is available online and as a printable PDF document at www.texasattorneygeneral.gov/cpd/gold-coins.

Regretfully, due to print limitations, additional buying and selling tips were excluded, said Fuljenz, including avoiding false grading claims, advice about return privileges and urging caution if sellers receive certified money orders or certified checks from unknown buyers because they could be counterfeit.  All ten of the additional consumer protection tips are available online at www.MikeFuljenz.com/goldtips.

At Fuljenz’ request, the following are among the precious metal industry leaders who provided input to him for the advisory. Their names are listed alphabetically with affiliations given only for identification purposes.

Gary Adkins, American Numismatic Association Vice President and former Professional Numismatists Guild President

John Albanese, co-founder of Professional Coin Grading Service, Numismatic Guaranty Corporation and CAC

Doug Davis, Founder of Numismatic Crime Information Center, City Manager and former Police Chief of Pantego, Texas

Beth Deisher, Director of Anti-Counterfeiting for the Industry Council for Tangible Assets and former Editor of Coin World

Terry Hanlon, Dillon Gage Metals President, former PNG President

Jerry Jordan, award-winning investigative reporter and former Texas newspaper editor

Kathy McFadden, ICTA Executive Director

Rick Montgomery, NGC President

Donn Pearlman, public relations consultant, ANA Zerbe Award recipient, former ANA Governor and former journalist/broadcaster

Jay Sheppard, Better Business Bureau Serving Southeast Texas Dispute Resolution Director

Miles Standish, NGC Vice President

Universal Coin & Bullion (www.UniversalCoin.com) 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.  He is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Jefferson and Hardin Counties Texas, and is a member of the prestigious Professional Numismatists Guild which honored him along with Doug Davis and Jerry Jordan in 2016 with its Sol Kaplan Award for helping to fight numismatic-related crimes.

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European dealer devises a clever contest using a fake coin

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

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

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

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

Numismatik Lanz… Full article at the source>

Source: c

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Rich in symbolism, new Dragon and Phoenix coins offer rare collectable opportunities

May 17, 2017 in Australian Coins, Blogs, Coins, Coins for sale, Collecting, Collector Sets, Gold, Gold Coins, History, Investing, New Releases, News, Numismatica, Numismatics, Perth Mint, Precious Metals, Silver, Silver Coins, World Coins

By: Blog Team Perth Mint Blog

Two of the most potent animal symbols in Chinese mythology appear in stunning high relief on these new gold and silver proof coins from The Perth Mint.

Seen as wise and benevolent, the Oriental dragon represents nobility and good fortune in a culture where people believed their Emperor to have been the son of a dragon.

Another ancient symbol of good fortune, the Phoenix is considered to be an immortal bird whose rare appearance foreshadowed harmony at the ascent to the throne of a new Emperor.

In Feng Shui, the dragon and phoenix are said to be perfect matches for one another. The… Full article at the source>

Source: Perth Mint Blog

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$1 million gold Maple Leaf stolen from Bode Museum in Germany

March 27, 2017 in Canadian Coins, Coins, Gold, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Royal Canadian Mint, Theft, World Coins

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

Remember Canada’s jaw-dropping, million-dollar gold Maple Leaf? Struck in 2007, the coin weighs 100 kilograms, is .99999 fine, and has a $1 million face value. A little over an inch thick and nearly 21 inches in diameter, it’s worth nearly $4.5 million.The coin, which contains 3,215 troy ounces of gold, was certified by Guinness World Records to be the world’s largest gold coin. According to the Royal Canadian Mint’s website, five have been produced and sold to date.

According to Associated Press, the one housed in the Bode Museum,which is located on Germany’s UNESCO-listed Museum Island, has been stolen…. Full article at the source>

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

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

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

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

 

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

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

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

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New to gold investing? The FTC has these tips

March 24, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Investing, IRA, News, Numismatica, Numismatics, Opinion, Precious Metals, US Government

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


“Police say two Bend teens made more than $50,000 selling fake bars of gold.” That’s the headline in today’s Register-Guard, a newspaper in Eugene, Oregon. It seems the two budding criminals got hold of fake, 1-ounce gold bars purported to be from the Perth Mint and the Royal Canadian Mint, in seemingly official, tamper-proof packaging. Then they went on Craigslist and connected with potential buyers. The unscrupulous juveniles rooked at least three adults—including an experienced coin dealer, who bought the majority of their stock* from individuals who’d purchased it directly from the teens.

This story seemed like a good intro… Full article at the source>

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

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New to bullion investing? Important guidelines to get you safely started

March 17, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins

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

Student loans, auto loans, home mortgages, and similar expenditures are major financial milestones—most people encounter one or more of them at some point in life. If you don’t have direct experience in these areas, you almost certainly know someone who does, and they can point you in the right direction.

Investing in coins or precious metals, on the other hand, is very different. If you aren’t already in the know, chances are your friends and relatives aren’t, either. Lack of information leaves people especially vulnerable to fraud, whether it’s malicious (as with counterfeit coins) or simply ignorant (overcharging for legitimate items… Full article at the source>

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

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Collectors may get their kicks with Route 66 coins

March 9, 2017 in Coins, Collecting, Commemorative, Education, Gold, Gold Coins, Gold Eagles, Investing, News, Numismatica, Numismatics, Opinion, Palladium, Palladium Coins, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

There is little doubt that modern U.S. numismatics needs a jolt. While millions of collectors still look forward to coins like each year’s American Silver and Gold Eagles and the forthcoming 2017 American Palladium Eagle, this segment of the hobby does not seem to attract as much interest as it used to. And nowhere is that more the case than with commemorative coin programs, whose sales have continued to lag in recent years mostly because collectors are not especially interested in either the subjects or the designs, with certain exceptions.

But there now is a possible commemorative coin program whose foundation… Full article at the source>

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

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Spain: World Cup 2018 features on latest gold and silver collector coins

March 3, 2017 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Entertainment, Gold, Gold Coins, History, Investing, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Silver, Silver Coins, Spain Coins, Spanish Coins, World Coins

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

The Fabrica Nacional Moneda y Timbre / Real Casa de la Moneda have unveiled (27th February) two new coins that celebrate the sports world’s most prestigious tournaments on the football/soccer calendar: the World Cup. The 21st World Cup tournament was awarded to the host country of Russia in December 2010. The announcement was made from the FIFA (Fédération Internationale de Football Association) headquarters in Zurich, winning out over nine other countries who had placed their bid to host.

The tournament will last for 32 days, with the opening ceremonies to commence on the 14th June 2018 and conclude on the 15th… Full article at the source>

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

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Will the Trump administration make gold great again?

March 2, 2017 in Coins, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legislation, News, Numismatica, Numismatics, Opinion, Precious Metals, US Federal Reserve, US Government, US Mint

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

Donald Trump has been interested in gold for decades and once reportedly accepted rent payment in gold bars when APMEX was opening a New York branch back in 2011 (see photo above, or scroll down for video). He also bought a large quantity of gold for about $185 an ounce when gold ownership was legalized in 1975, and sold at just under $800 an ounce years later.

Trump has expressed qualified support for the idea of returning to the gold standard but has not backed any specific plan to do so. For example, during the 2016 presidential campaign he told GQ… Full article at the source>

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

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How the Mint audits the nation’s deep-storage gold

March 1, 2017 in Blogs, Education, Gold, Gold Bullion, Gold Coins, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Precious Metals, US Government, US Mint

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

Weighing-gold

The status of the U.S. gold reserves has long been a point of discussion, as all information on the subject is closely guarded by the Treasury. Although information on annual audits is available, the average person is unaware of it; and even those who know it exists generally don’t know where to find it. Couple these facts with the public’s widespread distrust of Congress and government agencies, and it’s no wonder that rumors about the nation’s gold supply have run rampant for decades. Nearly every coin and/or investment forum on the Internet, if you dig deeply enough, has hosted discussions Full article at the source>

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

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