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Fort Knox opened to civilians for the first time in 40 years

August 22, 2017 in Blogs, Bullion, Education, Events, Gold, Gold Bullion, History, Investing, News, Numismatica, Numismatics, Politics, Precious Metals, US Government

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

For much of the country, yesterday was “eclipse day.” But at Fort Knox, the big yellow wasn’t being covered up—it was being revealed: for the first time in 40 years, the U.S. Bullion Depository there was opened to civilians.

The Washington Examiner reported that yesterday (August 21), at the behest of the treasury secretary, Steve Mnuchin, the depository was to be opened to a delegation of politicians. The Washington Post later reported that the party included Mnuchin, Senate Majority Leader Mitch McConnell, U.S. Representative Brett Guthrie (R-KY), Kentucky’s governor, Matt Bevin, and several journalists.

McConnell said that the idea of… Full article at the source>

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

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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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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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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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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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Pawn Stars’ Rick Harrison Helps “Shave Miles” Event Raise $10,000 For ANA and Sick Children

August 4, 2017 in ANA (American Numismatic Association), Charity, Clubs and Associations, Coin Shows, Collecting, Conventions, Donations, Entertainment, Events, Fun, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases

News Media Contact:

Donn Pearlman, 702-868-5777

Pawn Stars’ Rick Harrison Helps “Shave Miles” Event Raise $10,000 For ANA and Sick Children

History’s Pawn Stars celebrity Rick Harrison makes the first pass of the electric cutter as NGC Vice President Miles Standish gets his head shaved at the World’s Fair of Money in Denver, Colorado, August 3, 2017, to raise money for the Austin-based Standish Foundation for Child & Family Centered Healthcare and the American Numismatic Association. Photo credit: Donn Pearlman.

History’s Pawn Stars celebrity Rick Harrison makes the first pass of the electric cutter as NGC Vice President Miles Standish gets his head shaved at the World’s Fair of Money in Denver, Colorado, August 3, 2017, to raise money for the Austin-based Standish Foundation for Child & Family Centered Healthcare and the American Numismatic Association.
Photo credit: Donn Pearlman.

Accompanied by Denver Broncos cheerleaders Krista (left) and Brielle (right) the now-hairless Miles Standish holds a t-shirt proclaiming: BALD GUYS Never have a bad hair day. Photo credit: Donn Pearlman

Accompanied by Denver Broncos cheerleaders Krista (left) and Brielle (right) the now-hairless Miles Standish holds a t-shirt proclaiming: BALD GUYS Never have a bad hair day.
Photo credit: Donn Pearlman

Professional stylist "Dava" skillfully removed Heritage Auctions Co-Chairman Jim Halperin's hair at the 2017 Denver World's Fair of Money to help raise $10,000 for the ANA and the Standish Foundation for Child & Family Centered Healthcare. Photo credit: Donn Pearlman​

Professional stylist “Dava” skillfully removed Heritage Auctions Co-Chairman Jim Halperin’s hair at the 2017 Denver World’s Fair of Money to help raise $10,000 for the ANA and the Standish Foundation for Child & Family Centered Healthcare.
Photo credit: Donn Pearlman​

(Denver, Colorado) August 3, 2017 – With the help of nationally known television celebrity Rick Harrison and two Denver Broncos cheerleaders, prominent numismatists Michael “Miles” Standish, Jim Halperin and Orlando Rodrigo Lorenzana Williams got their heads shaved at the American Numismatic Association 2017 World’s Fair of Money® in Denver to raise money for two nonprofit organizations. The event on August 3 generated $10,000 in donations that will be evenly divided between the American Numismatic Association (www.money.org) and the Standish Foundation for Child & Family Centered Healthcare (www.sf4c.org).

Immediately after his head was shaved, Standish held up a t-shirt printed with the words: “BALD GUYS Never have a bad hair day.”

Standish is an award-winning numismatic author and Senior Grader and Vice-President of Numismatic Guaranty Corporation. Halperin is Co-Chairman of Heritage Auctions and also an author of numismatic books and futurist novels. Williams is Director of Sales at Coin Invest Trust in Liechtenstein.

Harrison, of the popular History’s Pawn Stars television program and the Las Vegas Gold & Silver Pawn Shop (www.gspawn.com), made the first pass of the electric cutter on Standish’s head and was among those who presented a donation check.  

Additional cutting was performed on Standish by coin hobby personalities including Lee Minshull, ANA President Jeff Garrett and former ANA President Ken Bressett.  

Broncos cheerleaders Brielle and Krista led cheers, signed autographs and posed for photos during the “Shave Miles” event.

A silent auction of a half dozen plaster sculptures by John Mercanti, who served as the 12th Chief Engraver of the United States Mint, also helped raise funds for the Standish Foundation and the ANA.

Miles’ wife, Andrea Mangione Standish, a certified child life specialist, launched the Austin, Texas-based foundation in 2010.  The foundation assists healthcare providers around the world to provide the tools and training they need to minimize healthcare-related pain and suffering in children.

“The mission of the foundation is to have happy, healthy, resilient kids who haven’t been traumatized by healthcare experiences.  This event was to help children get better care and to help an important hobby organization dear to me and to so many others, the American Numismatic Association,” he explained.

The 25,000-member American Numismatic Association, based in Colorado Springs, Colorado, is dedicated to educating and encouraging people to study and collect coins and related items.  The ANA serves the academic community, collectors, and the general public.

A native of Michigan, Standish began collecting in 1973 at the age of nine.  In 2011, he was honored with the “Director’s Coin for Excellence” by then-Director of the United States Mint Edmund Moy.

He is co-author with former Chief Engraving of the United States Mint, John Mercanti, of the 2012 reference book, “American Silver Eagles: A Guide to the U.S. Bullion Coin Program.”  Standish’s 2014 book, “Morgan Dollar: America’s Love Affair with a Legendary Coin,” received the 2015 Numismatic Literary Guild award for Best Specialized Book.  

Information about the Standish Foundation for Child & Family Centered Healthcare is at www.sf4c.org and information about the American Numismatic Association is at www.money.org.

 

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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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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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Barry Stuppler Selected As New PNG President

August 1, 2017 in Clubs and Associations, Coin Shows, Coins, Collecting, Conventions, Events, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, USA Coins, World Coins

News media contact:

Robert Brueggeman, 951-587-8300

Barry Stuppler Selected As New PNG President

PNG President Barry Stuppler Photo credit: Donn Pearlman

PNG President Barry Stuppler Photo credit: Donn Pearlman

(Denver, Colorado) August 1, 2017 – Officers of the Professional Numismatists Guild (www.PNGdealers.org) have selected Barry Stuppler to be the organization’s President for the 2017 – 2019 term. Stuppler was selected during the PNG Board of Directors meeting in Denver, Colorado on July 30, 2017.

He is President of Stuppler & Company, Inc. in Woodland Hills, California as well as President of the California Coin and Bullion Merchants Association and Chairman of the Gold and Silver Political Action Committee.  He also is a former President of the American Numismatic Association (ANA).

“One of the first projects I want to launch during my presidency is to have PNG jointly work with the ANA and the United States Mint to create for April 2018 the largest, most exciting National Coin Week we’ve ever seen. Virtually everyone is interested in ‘money.’  We need to capture the public’s underlying interest and show them the enjoyment of numismatics,” said Stuppler.

Other goals during his presidency will be on-going counterfeit detection and fraud detection educational programs for PNG members, and increasing the benefits of PNG membership. Stuppler also wants to establish professional marketing programs for PNG and the PNG Accredited Precious Metals Dealer program (PNG-APMD).

The other PNG officers selected for the 2017 – 2019 term are: Vice President Richard Weaver of Delaware Valley Rare Coin, Broomall, Pennsylvania; Treasurer Wade Milas of RARCOA, Willowbrook, Illinois; and Secretary James A. Simek of Numisgraphic Enterprises, Westchester, Illinois.

In addition to the officers, PNG Board members for the new term are Immediate Past President Dana Samuelson of American Gold Exchange, Austin, Texas and three new Board members: John Brush of David Lawrence Rare Coins, Virginia Beach, Virginia; Brett Charville of Standard Numismatics, Chicago, Illinois; Don Ketterling of D.H. Ketterling Consulting, Reno, Nevada; and Don Rinkor of Rinkor Rare Coins, Santa Rosa, California.

“Under PNG Bylaws, member-dealers of the organization elect the board members at large, and then the elected board members select the officers from within their group. During their July 30, 2017 meeting in Denver, Colorado the nine-member board chose the President, Vice President, Treasurer and Secretary,” explained PNG Executive Director Robert Brueggeman.

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org.

For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

 

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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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Beth Deisher Honored With 2017 PNG Lifetime Achievement Award

August 1, 2017 in Awards, Collecting, History, News, Numismatic Crimes, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Prize Winners

News media contact
Donn Pearlman, 702-868-5777

Professional Numismatists Guild logo

Professional Numismatists Guild logo

Beth Deisher Honored With

2017 PNG Lifetime Achievement Award

Former Coin World Editor Beth Deisher received the Professional Numismatists Guild Lifetime Achievement Award from PNG Executive Director Robert Brueggeman (left) and PNG President Barry Stuppler (right) at the organization's awards banquet in Denver, Colorado on July 31, 2017. Photo credit: Donn Pearlman

Former Coin World Editor Beth Deisher received the Professional Numismatists Guild Lifetime Achievement Award from PNG Executive Director Robert Brueggeman (left) and PNG President Barry Stuppler (right) at the organization’s awards banquet in Denver, Colorado on July 31, 2017.
Photo credit: Donn Pearlman

(Denver, Colorado) July 31, 2017 – The Professional Numismatists Guild (www.PNGdealers.org) presented its 2017 PNG Lifetime Achievement Award to prominent and influential hobby leader Beth Deisher.  The award was announced during the PNG’s annual banquet held this year in Denver, Colorado on July 31, 2017.

Deisher is the Anti-Counterfeiting Task Force Director of the Industry Council for Tangible Assets (www.ictaonline.org).  She was the award-winning Editor of Coin World for 27 years until her retirement in 2012. Over the years Deisher also has conducted workshops and classes on the problems of counterfeit coins produced in China.

These are the other 2017 awards and winners announced at the PNG Denver banquet.

The Robert Friedberg Award for an outstanding book or other literature was jointly presented to authors Pete Smith, Joel J. Orosz and Leonard Augsburger for their reference book, 1792: Birth of a Nation’s Coinage, published by Ivy Press.

           The Sol Kaplan Award was presented to four people this year: Bill Walker, a Senior Numismatist at Heritage Auctions in Dallas, Texas, and jointly to three Missouri law enforcement officials: Sheriff Cory Hutcheson, Chief Deputy Branden E. Caid and Captain Barry Morgan, all of the Mississippi County Missouri Sheriff’s Department.

In early 2017 while in Florida, Walker recovered and subsequently returned to their grateful owner five rare coins that had been stolen a year earlier, apparently while in transit in the United States Postal Service mail.  The coins had a combined value of about $30,000.

In a separate case, Sheriff Hutcheson, Chief Deputy Caid and Captain Morgan successfully tracked down a collector in Florida whose rare coins were stolen four decades earlier when he was a youngster in Charleston, Missouri in 1972.  During a January 2017 search of the Southeast Missouri home of a drug case suspect, the officers discovered and recovered about two-thirds of the coins stolen 45 years earlier. Through perseverance and solid detective work the officers were able to return the coins, some still housed in their familiar blue Whitman folders, to the now adult and quite surprised collector.  

The Kaplan Award recognizes efforts and contributions in combatting crimes against the numismatic community, and is jointly presented by the PNG and the Lewis M. Reagan Foundation.  It is named after a former PNG President and Ohio dealer who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  

John Maben of JFM Trading, LLC in Lakewood Ranch, Florida received the Significant Contribution Award. It is given to those who have made exceptional, beneficial efforts over the years on behalf of PNG and the profession, and added to the hobby.

Christine Karstedt, Executive Vice President of Stack’s Bowers of Stack’s Bowers Galleries, received the Art Kagin Ambassador Award. This award is named after a former PNG President and nationally-known Iowa dealer who provided distinguished service as an advocate of numismatic goodwill.  

PNG Legal Counsel Armen Vartian of Manhattan Beach, California, was recognized during the banquet for 25 years as a PNG Affiliate Member.

The Professional Numismatists Guild is a nonprofit trade association composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  The organization also has an Accredited Precious Metals Dealer program (http://apmddealers.org).  For additional information, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email: info@PNGdealers.org.  Online: www.PNGdealers.org.

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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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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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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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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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New Ken Bressett book on coin collecting will be available at the August 2017 Denver ANA Show

July 21, 2017 in ANA (American Numismatic Association), Books, Coin Shows, Coins, Collecting, Conventions, Education, History, News, Numismatica, Numismatics, Offers

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

(Atlanta, Georgia) — Whitman Publishing announces the release of the newest edition of the Whitman Guide to Coin Collecting: An Introduction to the World of Coins, by Kenneth Bressett. The 288-page softcover book debuted July 4, 2017, and is now available from booksellers and hobby shops nationwide, and online (including at www.Whitman.com), for $12.95. Mr. Bressett will autograph copies at the American Numismatic Association World’s Fair of Money in Denver, August 1–5, 2017.

The guide, popularly known as the “Yellow Book,” includes chapters on coin collecting as a hobby; places to find coins; how coins are made; venues to learn… Full article at the source>

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

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Spain: “International Year of Sustainable Tourism for Development” the focus of new silver coin

July 20, 2017 in Coins, Coins for sale, Collecting, Commemorative, Education, Euro 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 will issue, on the 24th July, a new silver coin with colour accenting that seeks to raise awareness of the contribution of sustainable tourism. The United Nations 70th General Assembly has designated 2017 as the International Year of Sustainable Tourism for Development. This new initiative seeks to further the development among public- and private-sector decision-makers and the public at large, while mobilizing all stakeholders to work together in making tourism a catalyst for positive change.

Spain in particular is a very desirable destination for literally millions of tourists who are attracted… Full article at the source>

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

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U.S. Mint sales report: Week ending July 16, 2017

July 20, 2017 in Coins, Collecting, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

This report covers the week ending July 16, 2017. The Mint had one new release during this sales period: the 2017 America the Beautiful–Ozark National Scenic Riverways 5-ounce silver Uncirculated coin (17AL). Released on July 11, it handily took the number-one-seller spot on this week’s report, with 13,740 units sold. Among the 5-ounce ATB Uncirculated coins, however, it had one of the weakest opening-week showings ever.

The 2017 American Eagle 1-ounce platinum Proof coin (17EJ)—last week‘s best seller—tumbled to seventh place, but it remains an interesting item. Limited to a mintage of 10,000, the coin was released on July 6… Full article at the source>

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

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