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OIG Probe into Mnuchin using government resources expands

September 15, 2017 in Blogs, News, Numismatica, Numismatics, Opinion, Politics, US Government

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

Secretary of the Treasury Steven T. Mnuchin seems to think his position with the government affords him perquisites to be paid by the taxpayers. Last June, Mnuchin married actress Louise Linton at the Andrew W. Mellon Auditorium located near the National Mall. Vice President Pence officiated the ceremony. While that was old news, ABC News […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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Keep Safe Out There!

September 10, 2017 in Blogs, Education, History, News, Numismatica, Numismatics, Opinion

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

Storms of all type are hitting the shores of the United States. Nearly two weeks after Harvey did his damage in southeast Texas, Irma is north of the Florida Keys and heading towards Naples as I type this. While Irma is now attacking Florida, Hurricane Jose is hanging out about 300 miles northwest of the […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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Weekly Numismatic World News for September 3, 2017

September 4, 2017 in Blogs, Coins, Collecting, Education, Entertainment, Fun, History, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

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

Labor Day was created by the labor movement in the late 19th century to celebrate the contributions that workers have made to the strength, prosperity, and well-being of the country. It became an official federal holiday in 1894 and marks the unofficial end of summer. Aside from having a three day weekend, it is traditionally […]  Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Liar, Liar, Pants on Fire…

September 2, 2017 in Ancient Coins, Archaeology, Art, Blogs, Coins, Collecting, Education, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Politics, Rare Coins, World Coins

By: Wayne G. Sayles  Ancient Coin Collecting (Wayne G. Sayles)

The Committee for Cultural Policy has pointed out on several past occasions that exaggerated media reports, of Islamic State (ISIS) income from the sale of looted antiquities to art and coin collecting communities, are and have from the start been unfounded. The persistence of outright lies has cast a cloud over the credibility of several major media outlets and their academic “experts” who fed the flame for what is obviously an ideological anti-trade agenda. In their August 2017 newsletter, the CCP presents a report on the findings of a Dutch National Police investigation that flatly debunks… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

September 1, 2017 in Antique Coins, Coin Shows, Coins, Collecting, Education, History, Numismatica, Numismatics, Opinion, Press Releases, Rare Coins, US Government, USA Coins

For immediate release
August 31, 2017

News media contact:
David McCarthy
Office: 415-435-2601
Mobile: 415-847-6305

1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

 

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

(Long Beach, California) August 31, 2017 – After its showcase in August’s World’s Fair of Money, a coin that experts are hailing as the very first coin made by the United States will be displayed during the 2017 Long Beach Expo (www.LongBeachExpo.com)in Long Beach, CA, September 7- 9.

This marks the first public West Coast appearance for the coin, which is now insured for $5 million.

According to researcher David McCarthy of Kagin’s, Inc., there is overwhelming evidence that this is the very first coin ever officially struck by authority of the United States government, a finding hailed by renowned coin expert and author Jeff Garrett as “one of the most exciting developments in modern numismatics.”

The coin is known as the “Plain Obverse Nova Constellatio Quint.” It was once in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, and it is the historic ancestor of the dollar as well as every coin in the Western world using a decimal monetary system, according to McCarthy.

“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 Founding Father Robert Morris, the government’s first Superintendent of Finance and a signer of the Declaration of Independence,” stated 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 explained.

During the 18th Century, 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 more than a dozen other early American coin experts support.

Following the Civil War, the coin surfaced in New York City, and passed through the hands of some of the 19th Century’s greatest collectors before entering the possession of Johns Hopkins University, where it resided until 1979.

Kagin’s acquired the coin at an auction in 2013.  McCarthy began researching it through the Journals of Continental Congress, the writings of Founding Fathers Robert Morris and Thomas Jefferson, and forensic evidence found on the coins themselves, identifying it as the coin referred to by Morris, the Nation’s first Superintendent of Finance as, “the first that has been struck as an American coin.”

The coin can been seen during the Long Beach Coin, Currency, Stamp and Sports Collectible Expo, Thursday, September 7, through Saturday, September 9. For complete show hours, visit www.LongBeachExpo.com.  

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance with promo code: EXPOPR on www.LongBeachExpo.com.  

        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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Weekly Numismatic World News for August 27, 2017

August 28, 2017 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coins, Collecting, Education, History, Legal, News, Numismatica, Numismatics, Opinion, Turkish Coins, World Coins

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

This week, the BBC reported about Toby Robyns, a 52-year-old ambulance driver from the U.K., who may be facing an up to three-year prison sentence for trying to take home ancient coins he found on a beach in Turkey. Immediately, my thoughts turned to a story I wrote about my friends in a similar situation. […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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How about a Numismatic World News Podcast?

August 23, 2017 in Blogs, Coins, Collecting, Education, Fun, History, Investing, News, Numismatica, Numismatics, Online Tools, Opinion, US Mint, USA Coins, World Coins

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

For the last few weeks, I have been publishing the Weekly Numismatic World News every Sunday evenings. These posts consist of links to the articles that I find around the Interwebs along with a commentary on one of the articles or something else related to the news. I had an idea. Rather than just post […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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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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A sign of the times?

August 20, 2017 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coin Dealers, Collecting, Education, Foreign Policy, History, Investing, Legal, Legislation, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

By: Wayne G. Sayles Ancient Coin Collecting (Wayne G. Sayles)

Over the past decade, collectors of ancient coins have been faced with constant pressure from left wing radicals of academia—particularly the archaeological community leadership and their sycophants. Among the ardent supporters of anti-collector groups are a small but well entrenched cadre of bureaucrats in Washington. The level of governmental infiltration by these cultural property nationalists—bent on eliminating or controlling international trade in cultural property—is in itself cause for some concern. History is replete with examples of ideology supplanting law and individual rights in a quest for social management. It has been the cause of more than… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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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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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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Lack of leadership at the U.S. Mint

August 13, 2017 in Blogs, Coins, Collecting, History, Numismatica, Numismatics, Opinion, Politics, US Government, US Mint, USA Coins

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

Following the sell out of the 225th Anniversary Enhanced Uncirculated Coin Set, a few readers asked if I was going to post a comment. I declined to let the rest of the industry have this discussion. I would rather have a discussion about a different issue related to the U.S. Mint: the lack of leadership. […]

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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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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VIDEO: Coin Bridge

August 9, 2017 in Blogs, Coins, Entertainment, Fun, Numismatica, Numismatics, Opinion, World Coins

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

Time for some mindless levity. While looking for numismatic-related stories around the interwebs, I came across this video. With 200 coins that appears to be the size of a quarter, the presenter builds a bridge of coins that loops off the edge of the table. It’s Tuesday and there is a long week ahead!… Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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POLL: Are you interested in the remaining U.S. Mint special collectibles?

August 8, 2017 in Blogs, Coins, Collecting, Numismatica, Numismatics, Opinion, Reference, US Mint, USA Coins

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

Not including the regular issues that will be sold by the U.S. Mint, the items left on their schedule is the American Liberty Four Silver Medal Set and the American Palladium Eagle. I previously discussed the Palladium Eagle. The American Liberty Four Silver Medal Set are four silver medals featuring the gold 225th Anniversary American […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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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 […]

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Source: Coin Collectors Blog (CoinsBlog.ws)

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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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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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Dismantling a Roosevelt dime collection

July 18, 2017 in Auctions, Blogs, Coins, Collecting, Collector Sets, Education, Fun, Grading, News, Numismatica, Numismatics, Opinion, USA Coins

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

Last year I won a stunning set of Jefferson nickels and wrote about it for Coin Update, explaining the process to dismantle a set (i.e., removing high-end coins for holdering). The process involves identifying toned coins, which command a premium, then checking for rare varieties or mint errors, and finally, selecting coins based on eye appeal and strike.

With regard to Jefferson nickels, premiums for strike occur with full steps (at least 5) on the reverse Monticello.

This month I won a premium set of Roosevelt dimes (circulation strikes) with a bid of $110 ($128.70 realized price) in an online Proxibid… Full article at the source>

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

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Planes, trains, and automobiles: Thematic bank-note collecting

July 14, 2017 in Bank Notes, Collecting, Collector Sets, Education, Entertainment, Fun, History, Investing, News, Numismatica, Numismatics, Opinion, Paper Money

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

Thematic (or topical) collecting is very popular in the stamp community. There are collectors and clubs for a wide range of subjects, from butterflies to lighthouses and from royalty to astronomy. In the numismatic world, collecting by theme is not as popular or well publicized, but there are still many opportunities to build a collection based on a certain topic, and many collectors who build such collections. In this article we will take a look at some areas of banknote collecting that are likely to give a thematic collector the most opportunity to find examples with a certain theme.

Banknote designs… Full article at the source>

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

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A lesson in how not to compare grading services

July 9, 2017 in ANACS, Auctions, Blogs, Coin Errors, Coin Grading, Coins, Collecting, Education, Grading, Investing, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins

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

Every so often I will read something and even though I agree with the premise and possibly the hypothesis, I disagree with the method. This is what happened when I read “How do late ANACS slabs stack up with modern PCGS?” This article by Michael Bugeja at Coin Update is not the first of its […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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“Past & Present” takes a look at the success of the 50 State Quarters Program

July 7, 2017 in Coins, Collecting, Collector Sets, Commemorative, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, Opinion, Quarters, USA Coins

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

Here at Coin Update, we’re great fans of the blog “Past & Present,” which is operated by the Stamp & Coin Place. We like it so much, in fact, that we asked them to let us share snippets of their blog posts from time to time. Happily for our readers, they graciously agreed. The following, which considers the success of the 50 State Quarters Program, is the first of what we hope will be many such posts. Enjoy!

The State Quarter series is easily the most successful numismatic program of all time. It generated over $3.8 billion in seigniorage… Full article at the source>

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

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