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Trump and the Fed: Changes may be coming

September 18, 2017 in Blogs, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Politics, US Federal Reserve, US Government

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

Most people know that a president able to appoint several Supreme Court justices during his tenure will have an impact on our country that far outlasts their presidency. However, presidents who have the chance to make major changes to the Federal Reserve’s board of governors can also have a disproportionate impact.

Due to a combination of the facts that Federal Reserve Chair Janet Yellen’s term expires in January and that a seat on the Fed’s board of governors opened after President Trump took office; another member’s term expired; and Vice Chair Stanley Fischer unexpectedly decided to retire for personal reasons (as… Full article at the source>

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

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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 […]

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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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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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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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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Archaeologists Question Media Sensationalism

October 18, 2016 in Ancient Coins, Antique Coins, Archaeology, Blogs, Coins, Collecting, Education, History, Investing, Legislation, News, Numismatica, Numismatics, Opinion, Politics, US Government, USA Coins, World Coins

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

Ancient coin collectors in the United States had good reason to smile this past weekend. Archaeologist Paul Barford in his blog Portable Antiquity Collecting and Heritage Issues joined a growing list of critics who believe that U.S. government officials are being swayed by false information. Specifically, Mr. Barford cites major media reports regarding ISIS funding as tainting a recent Congressional Homeland Security Committee Report with “outdated information, misrepresented statistics, and discredited figures.” He goes on to suggest that congressional staffers who authored the report “…searched for reports published in major media outlets without critically examining… Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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Invigorating the Coin-Collecting Hobby: United States Mint Holds a Numismatic Forum in Philadelphia

October 15, 2016 in Blogs, Clubs and Associations, Coins, Collecting, Conventions, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Politics, US Federal Reserve, US Government, US Mint, USA Coins

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

forum_ccac

From left: Citizens Coinage Advisory Committee members Dennis Tucker and Tom Uram; U.S. Mint Principal Deputy Director Rhett Jeppson; and CCAC Chair Mary Lannin.

On Thursday, October 13, 2016, U.S. Mint Principal Deputy Director Rhett Jeppson convened a numismatic forum at the Federal Reserve Bank in downtown Philadelphia. In attendance were nearly 100 coin collectors, dealers, researchers, curators, journalists, authors, publishers, American Numismatic Association officers and staff, Mint officials, and others interested in the future of the coin-collecting hobby.

“The purpose of the event,” said Director of Corporate Communications Tom Jurkowsky, “is to gather leaders and stakeholders of the numismatic… Full article at the source>

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

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Newly Introduced: The “American Innovation $1 Coin Act”

September 21, 2016 in Blogs, Coins, Collecting, Commemorative, Legal, Legislation, News, Numismatica, Numismatics, Politics, Proof Coins, US Federal Reserve, US Government, US Mint, USA Coins

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

dollar-517113_960_720

On Wednesday, September 14, Representative James A. Himes introduced H.R. 6025, known as the “American Innovation $1 Coin Act.”

If adopted, the act would authorize $1 numismatic coins whose designs recognize both American innovation in general and “significant innovation and pioneering efforts of [American] individuals or groups.” One coin would be released for each of the 50 states, the District of Columbia, and the U.S. territories, in alphabetical order.

The program, if approved, could commence as early as January 1, 2017, as determined by the Secretary of the Treasury, who would also determine the appropriate quantities of Uncirculated and Proof strikes.

Per the… Full article at the source>

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

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Citizens Coinage Advisory Committee Seeks Two New Members

March 18, 2016 in Coins, Collecting, Education, History, News, Numismatica, Numismatics, Politics, PSA, US Government, US Mint, USA Coins

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

ccacSMALL

The Citizens Coinage Advisory Committee has announced that it is seeking applications for two new members–one qualified to represent the “interests of the general public” and the other known for expertise in “numismatic curation.”

The positions entail making recommendations to the Secretary of the U.S. Treasury on topics such as coin and medal designs, commemorative themes, and mintage levels for commemorative coins. Each member serves a four-year term and is reimbursed for travel expenses related to the committee’s 6-8 yearly meetings. Aside from these expenses, the position is not salaried; officers or employees of the Federal Government are not eligible for… Full article at the source>

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

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Mike Fuljenz Admonishes Critics Of “In God We Trust” Motto

September 21, 2015 in Coins, Collecting, Currency, Education, History, Money, Numismatica, Numismatics, Opinion, Paper Money, Politics, US Government, US Mint, USA Coins

September 21, 2015

News media contact:
Paul Stein, (409) 860-9077  PaulS@thecoingroup.com

Mike Fuljenz Admonishes
Critics Of “In God We Trust” Motto

 

Statement by Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas.

Michael Fuljenz, President of Universal Coin & Bullion

Michael Fuljenz, President of Universal Coin & Bullion

Some critics of In God We Trust may be ignorant of the phrase’s legal history or are deliberately ignoring the rulings of courts and resolutions of Congress.  Regarding the recent controversy about the motto’s placement on police vehicles in some communities, it’s important to remember the patriotic motto has withstood a long line of legal challenges to appear on our money and on government-owned property.

It first appeared on circulating United States coins in 1864 (www.InGodWeTrustOnMoney.com).  It has been on all our coins since 1938, became the only official national motto in 1956 with the signing of legislation by President Dwight Eisenhower, and has appeared on all our paper money since 1966.

Recent court cases include a 2013 ruling when a Federal Court judge in New York dismissed a lawsuit seeking removal of In God We Trust from coins and paper money.  The judge noted that “the U.S. Supreme Court has repeatedly assumed the motto’s secular purpose and effect.”

In 2011, the U.S. House of Representatives overwhelmingly approved a resolution reaffirming it as the national motto and encouraging its display in all public schools and government buildings.

While the motto first appeared on U.S. coins at the time of the Civil War, it actually was inspired by events a half century earlier during the War of 1812.

In 1861, Treasury Secretary Salmon Chase received a letter from a Pennsylvania minister who requested “the recognition of the Almighty God in some form on our coins.”   Chase instructed Mint Director James Pollock to prepare a motto.  Pollock recalled a lyric in the now-seldom sung fourth stanza of The Star Spangled Banner: “And this be our motto – In God is our trust.”  Pollock had the words, ‘GOD OUR TRUST,’ placed on a few experimental patterns being tested in 1861 for proposed new designs for half-dollar and $10 denomination coins.

After consultations and debate within the Treasury Department, the words, IN GOD WE TRUST, first appeared in circulation on a new coin denomination, copper two-cent pieces, starting in 1864.

————————

An award-winning detailed history of the national motto, written by Fuljenz, is available free online at www.INGODWETRUSTonmoney.com.

Known as America’s Gold Expert®, Michael Fuljenz has won dozens of prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals.  A respected community leader in his hometown of Beaumont, Texas, Mike also has served with distinction as a consultant to the Federal Trade Commission, United States Mint and Royal Canadian Mint, and is on the Board of Directors of the Jefferson County Texas Crime Stoppers organization, the Industry Council For Tangible Assets and the Numismatic Literary Guild.

###

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House and Senate Pass Boys Town Centennial Commemorative Coin Act

June 30, 2015 in Coins, Commemorative, History, News, Numismatica, Numismatics, Politics, US Government, US Mint, USA Coins

By Michael Zielinski News.CoinUpdate.com (Coin Update News)

boys-town

Both the House of Representatives and the Senate have passed a bill which would require the minting and issuance of coins in commemoration of the centennial of Boys Town. The bill has now awaits the President’s signature to become law.

Boys Town is a non-profit organization dedicated to saving children and healing families. The original Boys Town was founded on December 12, 1917 by Father Edward Joseph Flanagan and has grown to provide care to children and families in 11 regions. The national headquarters is located in the village of Boys Town, Nebraska.

Rep. Jeff Fortenberry of Nebraska introduced H.R. 893 Boys… Full article at the source>

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

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Belgium Commemorates Waterloo With a Coin, and France Is Not Pleased

June 10, 2015 in Belgian coins, Coins, Collecting, Commemorative, New Releases, News, Numismatica, Numismatics, Politics, World Coins

By: Dan Bilefsky New York Times Topics (Numismatics)

After France objected to a coin commemorating the Battle of Waterloo, Belgium invoked a little-known European Union rule that allowed it to issue the money anyway… Full article at the source>

Source: New York Times Topics (Numismatics)

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ACCG (Ancient Coin Collectors Guild) Comments at Italy CPAC Hearing

April 15, 2015 in Ancient Coins, Collecting, History, Legal, News, Numismatica, Numismatics, Opinion, Politics, US Government, World Coins

Below is a transcript of the oral comments presented by Wayne G. Sayles, representing the Ancient Coin Collectors Guild, at the 2015 hearing of the Cultural Property Advisory Committee on April 8 at Washington, DC. The hearing included public comment on a proposed extension of the current Memorandum of Understanding with Italy. Formal written comments were submitted earlier and may be seen here.

Madam Chair and distinguished committee members,

The Ancient Coin Collectors Guild was founded as a non-profit organization in 2004. Since then, I’ve appeared eight times before this committee to comment on potential import restrictions. Full article at the source>

Source: Coin Collecting Alltop.com

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How Thomas Jefferson Changed U.S. Currency

April 12, 2015 in Blogs, Coins, Collecting, History, Money, Numismatica, Numismatics, Politics, USA Coins

By Admin Liberty Coin and Currency Blog

April 13th marks the birthday of Thomas Jefferson. Of course we all know the American forefather as our third president. Additionally, coin and currency buffs know him from the nickel and the $2 bill. But few people know how the famed politician and thinker earned his place in U.S. currency history. When Jefferson wasn’t penning […] Full article at the source>

Source: Liberty Coin and Currency Blog

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Bill Seeks Changes to Bullion and Collectible Coin Requirements

April 8, 2015 in American Buffalo, Bullion, Coins, Collecting, Gold Buffalo, Gold Bullion, Gold Coins, News, Numismatica, Numismatics, Politics, Precious Metals, US Government, USA Coins

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

2014

A bill introduced in the House of Representatives seeks changes to various requirements for United States Mint bullion and collectible coins. The changes would impact the American Gold Buffalo, silver versions of circulation coins included in numismatic sets, and the potential palladium bullion and collectible coins.

The bill H.R. 1698: Bullion and Collectible Coin Production Efficiency and Cost Savings Act was introduced by Rep. Bill Huizenga of Michigan for himself and Rep. Carolyn B. Maloney of New York on March 26, 2015. The bill would amend design and content requirements for various coins through the amendment of various Full article at the source>

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

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Collectible Coin Protection Act Becomes Law

December 30, 2014 in Coins, Collecting, Education, Legal, News, Numismatic Crimes, Numismatica, Numismatics, Politics, US Government

By Michael Zielinski (News.CoinUpdate.com (Coin Update News))

replica-coin

Following several other recent actions in coin related legislation, President Obama has signed the Collectible Coin Protection Act into Law. The Act will serve to broaden the existing Hobby Protection Act by making it unlawful to sell unmarked replica coins.

The Hobby Protection Act, which was enacted in 1973, had made it illegal to manufacture or import into the United States for introduction into or distribution in commerce any imitation numismatic Full article at the source>

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

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Message from Robert Brueggeman to all PNG Member-Dealers on Operation Choke Point.

June 21, 2014 in Clubs and Associations, Coin Dealers, Coins, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Politics

By: Robert Brueggeman. 06/19/2014 (http://www.ngccoin.com)

[TEMECULA, CA] — There is a US Justice Department initiative that has the potential to shut down every coin dealer — PNG member and non-PNG member alike — in the United States as well as curtail business by overseas dealers who use US-based banks. Read that again: the potential to shut down every coin dealer.

The threat is real, and this urgent email is sent to make sure every PNG member is aware of this profession-killing peril, and to encourage members to promptly take appropriate action.

The coin market menace is called “Operation Choke Point,” and it literally has the potential to choke your business to death by pressuring banks and other financial institutions to close your accounts. Why? Because, according to the Justice Department, you are engaged in a business with a high risk for fraud.

A May 29, 2014 report by the US House Committee on Oversight and Government Reform stated: “Operation Choke Point has forced banks to terminate relationships with a wide variety of entirely lawful and legitimate merchants…. Acting in coordination with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as ‘high-risk’ – including coin dealers…”

The concept of innocent until proven guilty apparently no longer applies to professional numismatists. The Federal Deposit Insurance Corporation (FIDC) now includes coin dealers in the same risk category as ammunition sales, drug paraphernalia, credit card repair services, debt consolidation scams, escort services, online gambling, payday loan companies, Ponzi schemes and pornography.

Full Article at the source>

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Mother’s Day Centennial Commemorative Coin Act Introduced

May 16, 2014 in Coins, Commemorative, News, Numismatica, Numismatics, Politics, Proof Coins, Silver, Silver Coins, Silver Dollars, US Government, US Mint, USA Coins

By: Michael Zielinski. May 15, 2014  (http://news.coinupdate.com)

On May 8, 2014 Senators Jay Rockefeller and Joe Manchin of West Virginia introduced a bill which would require the Secretary of the Treasury to mint coins in commemoration of centennial of the establishment of Mother’s Day.

Anna Jarvis is considered to be the founder of the modern Mother’s Day. The first official celebration took place May 10, 1908 at Andrew’s Methodist Episcopal Church in Grafton, West Virginia on the third anniversary of her mother’s passing. In 1910, the holiday was officially declared by the State of West Virginia. In 1914, the Sixty-Third Congress approved H. J. Res. 263 designating the second Sunday in May as Mother’s Day. President Woodrow Wilson issued a Presidential Proclamation the following day directing government officials to display the American flag on all government buildings and inviting the American people to display the flag at their homes on the second Sunday of May as a public expression of the love and reverence for the mothers of our Nation.

Full article at the source>

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As He Clips Our Coins, Bernanke Steals A Page From Nero’s Playbook

September 27, 2013 in Currency, Education, History, Investing, Politics, US Federal Reserve

Op Ed from (www.Forbes.com) By Keith McCullough Sep, 25th, 2013.

In 64 A.D., in a naïve attempt to deceive the populace, Nero decreased the silver content in the coins and made silver and gold coins slightly smaller” (The History of Money, pg 52)

As the quote above reveals, central planners have been clipping coins and devaluing the The People’s hard-earned currency for at least two thousand years.  The Roman Emperor Nero of course devalued the Roman currency for the first time in the Empire’s history. What was it that gave both the Roman and Ottoman Empires the audacity to plunder the purchasing power of their people?

After 200 years of operating as an independent bank, what made the British Empire so soft that it felt the need to socialize (nationalize) the Bank of England in 1946? What was the US “Free-Market” Empire and why have we empowered the Fed to change it?

If you disregard the vacuum of history in which Ben Bernanke thinks (the 1930s) and contextualize the moment his Fed currently occupies (within the construct of long-term history, which will ultimately judge Bernanke when he’s long gone), it’s getting scary again. But you probably already knew that. The sad thing is that some of his Fed heads do too.

Full article at source>

 

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A new Legend Numismatics Hot Topic article is up

August 19, 2013 in ANA (American Numismatic Association), Coin Shows, Coins, Collecting, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Politics

Commentary by: Laura Sperber of Legend Numismatics

OH GOODY! I AM OFFICIALLY ON THE ANA BOARD!

Link to Article> OMG, I AM NOW “ONE OF THEM”.  NOT! 

 

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House Weighs Bill to Crack Down on Coin Counterfeits

July 30, 2013 in Coins, Counterfeit, Fake Coins, News, Politics, Rare Coins

By STEVEN NELSON.  July 29, 2013 (http://www.usnews.com)

Coin collectors are being conned by Chinese counterfeits, according to trade groups and congressmen behind legislation up for a vote in the House Tuesday.

The “Collectible Coin Protection Act” will make it a crime “for a person to provide substantial assistance or support to any manufacturer, importer, or seller if that person knows or should have known” that the coins are not authentic.

Rep. G.K. Butterfield, D-N.C., is the primary sponsor of the bill, which is co-sponsored by Rep. Henry Waxman, D-Calif., and Reps. Steve Scalise, R-La., Lee Terry, R-Neb., and Lamar Smith, R-Texas.

Full Article at source>

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Why Bitcoin will be the next big thing: Interview with Jeff Berwick

June 3, 2013 in Bitcoin, Currency, Digital Currency, Education, Gold, Gold Bullion, Investing, Money, News, Politics, Precious Metals, Virtual currency

*The bitcoin part starts at 4:26

Cambridge House (Youtube.com)

Published on May 27, 2013

The Dollar Vigilante’s Jeff Berwick (http://www.dollarvigilante.com) on why bitcoin will continue to gain in popularity worldwide. In this interview with Cambridge House Live anchor Bridgitte Anderson he also discusses his massive real estate development just outside Santiago, Chile. Taped in Vancouver at the World Resource Investment Conference.

Stay Connected!

http://www.cambridgehouse.com/
https://twitter.com/cambridge
https://www.facebook.com/cambridgehouseconferences

 

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Stivers re-introduces the Cents and Sensibility Act

April 30, 2013 in Coins, Copper Coins, Money, Pennies, Politics, US Mint, USA Coins

Monday, April 29, 2013. (http://www.vintondaily.com)

WASHINGTON, D.C. – Rep. Steve Stivers (R – OH) this week introduced the Cents and Sensibility Act to lower the cost of producing pennies, nickels, dimes and quarters and to ensure they are minted with steel instead of minerals imported from outside the U.S. Rep. Tim Ryan (D – OH) and Rep. Pat Tiberi (R – OH) signed on as original co-sponsors of the bipartisan legislation.

“This legislation is a common-sense solution to decrease the cost of minting our coins,” Stivers said. “Not only will it cost less, but steel is an American resource that we have here at home and can be manufactured right here in our backyard.”

Since 2006, due to the rising cost of materials and labor, the manufacturing of some denominations has become unprofitable. Of the coins currently in circulation today, the cost of producing pennies and nickels is greater than the face value of the coins themselves.

Full article at source>

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Out of Change: Obama has to borrow coins to toss in Jerusalem wishing well during tour stop

March 22, 2013 in Coins, Israel Coins, News, Politics

Mar. 21, 2013 1:13pm Sharona Schwartz (http://www.theblaze.com)

We all know the U.S. Government is a profligate borrower. What we may not have known is that it’s not only the big bucks that are important, but the small coins too.

Even though he makes trillion dollar budgetary decisions, President Barack Obama was short of change Thursday morning at a stop on his Israel tour.

At the Shrine of the Book in Jerusalem, where the Dead Sea Scrolls are displayed, Obama wanted to throw shekels in a wishing well there, but found he was short of change.

Full Article>

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