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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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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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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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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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World War I Commemorative Coin: A Tribute to the Bravery, Actions and Sacrifices of Americans

June 30, 2017 in Coins, Commemorative, Education, History, Legislation, New Releases, News, Numismatica, Numismatics, Press Releases, US Government, US Mint, USA Coins

By: Sharon McPike United States Mint Press Releases/Public Statements

Congress authorized and the President signed into law the World War I American Veterans Centennial Commemorative Coin Act (Public Law 113-212) to “commemorate the centennial of America’s involvement in World War I and honor the over 4 million men and… Full article at the source>

Source: United States Mint Press Releases/Public Statements

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

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

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

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

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

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

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

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

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Texas Attorney General Issues Gold Coins Consumer Protection Tips

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

News media contacts:

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

Texas Attorney General Issues
Gold Coins Consumer Protection Tips

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Terry Hanlon, Dillon Gage Metals President, former PNG President

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

Kathy McFadden, ICTA Executive Director

Rick Montgomery, NGC President

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

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

Miles Standish, NGC Vice President

Universal Coin & Bullion (www.UniversalCoin.com) President Michael Fuljenz has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals.  He is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Jefferson and Hardin Counties Texas, and is a member of the prestigious Professional Numismatists Guild which honored him along with Doug Davis and Jerry Jordan in 2016 with its Sol Kaplan Award for helping to fight numismatic-related crimes.

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STEM at the United States Mint

May 21, 2017 in Coins, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Press Releases, Technology, US Government, US Mint, USA Coins

By: Brian Martin United States Mint Press Releases/Public Statements

STEM stands for “science, technology, engineering and math.” Many different careers use the problem-solving and innovation techniques taught in STEM, and these skills are in demand now more than ever. In fact, there were nearly 8.6 million STEM jobs in the… Full article at the source>

Find out more about how the Mint and its employees use STEM in this video.

By: USMINT

Originally published on Nov 7, 2016

This video with employees at West Point and Headquarters explores how the U.S. Mint uses science, technology, engineering and math to make coins.

 

Source: United States Mint Press Releases/Public Statements

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“Cents and Sensibility” Act reintroduced, aims to convert U.S. coinage entirely to steel composition

April 25, 2017 in Blogs, Circulating Coins, Coins, Legal, Legislation, Money, News, Numismatica, Numismatics, Pennies, US Government, US Mint, USA Coins

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

1943-D over D steel cent. (Photo courtesy of Stack's Bowers Galleries)

1943-D over D steel cent. (Photo courtesy of Stack’s Bowers Galleries)

 

On April 6, Representative Steve Stivers (R-OH) reintroduced the Cents and Sensibility Act (H.R. 2067), which proposes “to save the American taxpayers money by immediately altering the metallic composition of the one-cent, five-cent, dime, and quarter-dollar coins, and for other purposes.”

Cosponsored by Rep. Joyce Beatty (D-OH) and Rep. Pat Tiberi (R-OH), the act is further described in a press release as “bipartisan legislation [that] lowers the cost of producing pennies, nickels, dimes, and quarters by ensuring they are minted with steel instead of minerals imported from outside the United… Full article at the source>

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

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New to gold investing? The FTC has these tips

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

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


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

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

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

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Will the Trump administration make gold great again?

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

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

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

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

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

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

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

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

Weighing-gold

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

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

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“Breaking Bread With In God We Trust” Topic Of ANA Show Presentation By Michael Fuljenz

February 23, 2017 in ANA (American Numismatic Association), Clubs and Associations, Coins, Collecting, Conventions, Education, Events, History, Legal, Legislation, Money, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, Press Releases, U.S. Notes, US Government, US Mint, USA Coins

February 23, 2017

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

“Breaking Bread With In God We Trust” Topic Of ANA Show Presentation By Michael Fuljenz

Michael Fuljenz, President of Universal Coin & Bullion

Michael Fuljenz, President of Universal Coin & Bullion

(Orlando, Florida) – Educator and award-winning numismatic writer Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) will gave an informative Money Talks, “Breaking Bread With In God We Trust, at the American Numismatic Association National Money Show® in Orlando, Florida.  The presentation will begin at 1 pm, Thursday, March 9, 2017, in room W240D at the Orange County Convention Center West Building, site of the show.

A complimentary premium box lunch and bottled water will be available for the first 50 attendees at this lunchtime seminar about the patriotic motto, In God We Trust (www.INGODWETRUSTonmoney.com).

During the educational presentation, Fuljenz will explain how the motto actually was first inspired by events during the War of 1812 that sparked creation of the National Anthem; first appeared on U.S. coins a half century later in 1864; and now continues to withstand legal challenges.

A former high school chemistry and physics teacher and principal of the Governor’s gifted students program in Louisiana, Fuljenz has received more than 60 awards from the Numismatic Literary Guild as well as national and regional awards and honors for his consumer education and protection work in rare coins and precious metals.  He also received an Honorary Doctorate in Humane Letters from McNeese State University.  

A respected community leader and literacy advocate 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 Boards of Directors of the Jefferson County Texas Crime Stoppers organization, the Diocese of Beaumont Catholic Schools, the Industry Council For Tangible Assets and the Numismatic Literary Guild.

For additional information about the ANA National Money Show, visit www.NationalMoneyShow.com. To read Fuljenz’ free, weekly Metals Market Report go to www.UniversalCoin.com.

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The U.S. Mint and the U.S. Postal Service: Time for a Collaboration

January 7, 2017 in Blogs, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, News, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit. (Wikipedia photo by Djmaschek)

Numismatic products like the America the Beautiful quarters could bring a significant amount of revenue to the U.S. Postal Service. Local post offices, like this one in Boling, Texas, would all stand to benefit from the income, wherever the coins were sold. (Wikipedia photo by Djmaschek)

A few days ago, a postal carrier in Pocatello, Idaho, penned a letter to the editor of the Idaho Press-Tribune. In it, he noted that 2017 would once again be a challenge for the U.S. Postal Service. He cautioned that privatizing the USPS would create problems like reducing service to remote rural areas; …Full article at the source>

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

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Memo to the U.S. Mint 2016

October 31, 2016 in Coins, Coins for sale, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

wlh-stx

Suggesting how the U.S. Mint can improve its operations and programs has emerged over the years as perhaps the most frequent topic of discussion among both numismatic commentators and collectors. Everyone has an opinion on how to make the Mint better—on how to make it more responsive to collectors’ interests; on how to make it more successful at achieving its multiple missions, which involve bullion, circulating, and numismatic coins, etc.; and on what coins it should issue and how they should be released.*

The October 13 U.S. Mint forum in Philadelphia brought together stakeholders from the collecting community, dealers, coin-grading companies,… Full article at the source>

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

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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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U.S. Mint Plans Coin Forum to Share Perspectives on Numismatic Hobby

September 3, 2016 in Coins, Collecting, Conventions, Education, Events, History, News, Numismatica, Numismatics, Press Releases, Seminars, US Government, US Mint, USA Coins

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

United States Of America Mint Logo

United States Of America Mint Logo

The U.S. Mint has announced that it will hold a Numismatic Coin Forum in Philadelphia on Thursday, October 13. The one-day conference aims to prepare for the Mint’s upcoming 225th anniversary by bringing together various members of “stakeholder” organizations to discuss the past, present, and future of numismatics.

A press release notes that U.S. Mint Principal Deputy Director Rhett Jeppson said of the upcoming forum, “It seems only appropriate that, while we as a bureau are celebrating our history, the Mint is also looking for ways to improve the way we engage our customers and invigorate our relevance into the future.”… Full article at the source>

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

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Should “In God We Trust” Be Banned From Money?

July 25, 2016 in ANA (American Numismatic Association), Coins, Collecting, Currency, Education, Events, History, News, Numismatica, Numismatics, Opinion, Press Releases, U.S. Notes, US Government, US Mint, USA Coins

For immediate release
July 25, 2016

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

Defending “In God We Trust” Motto Focus Of

Free Anaheim Educational Presentation, August 11

“Some critics of ‘In God We Trust’ may be ignorant of the phrase’s long history or are deliberately ignoring the rulings of courts and resolutions of Congress,” points out award-winning writer Michael Fuljenz.
(Anaheim, California) – An educator and acclaimed writer will give a free, informative presentation on defending the national motto, “In God We Trust,” in Anaheim, California onThursday, August 11, 2016.  The public is invited.
The program will be presented by Michael Fuljenz of Beaumont, Texas as part of the American Numismatic Association’s World’s Fair of Money®, a family-friendly, educational event,August 9 – 13.  In a 1954 resolution the association supported the placing of “In God We Trust” on all U.S. currency.
The 45-minute, illustrated presentation by Fuljenz entitled, “Should ‘In God We Trust’ Be Banned From Money?,” will start at 1 pm on August 11 in room Avila A on the 4th floor of the Hilton Anaheim Hotel, 777 W Convention Way.  Audience members will learn how the motto was developed and why its historical timeline is important to its continued use today.

 “Some critics of ‘In God We Trust’ may be ignorant of the phrase’s long history or are deliberately ignoring the rulings of courts and resolutions of Congress,” explained Fuljenz, the President of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont who has written award-winning articles about the national motto (www.INGODWETRUSTonmoney.com).

 

Commenting on the recent controversy about the motto’s placement on police vehicles in some communities, Fuljenz explained: “The patriotic motto has withstood a long line of legal challenges to appear on our money and on government-owned property.  Courts have ruled that the motto can remain for ceremonial and patriotic reasons, for tradition and for passive use.”

“It first appeared on circulating United States coins in 1864.  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,” said Fuljenz.

A lawsuit was filed earlier this year in Ohio seeking to remove the phrase from U.S. coins and paper money.
In 2013, a Federal Court judge in New York dismissed a lawsuit seeking removal of In God We Trust from our currency.  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.

Fuljenz pointed out that 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 then-popular 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 the early 1860s for proposed new designs for half-dollar and $10 denomination coins,” said Fuljenz.
“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,” Fuljenz added.
Admission to the August 11 lecture is free.  Admission to the World’s Fair of Money in the Anaheim Convention Center, August 9 – 12, will be $8 for adults, free for children, and free to everyone on Saturday, August 13.  A $2 discount coupon is available online at www.WorldsFairOfMoney.com.

About Michael Fuljenz

Michael Fuljenz, President of Universal Coin & Bullion

Michael Fuljenz, President of Universal Coin & Bullion

A former high school chemistry and physics teacher and principal of the Governor’s gifted students program in Louisiana, Mike Fuljenz has served on the Diocese of Beaumont Catholic School Board since 2007 and was President from 2010 to 2012.  He was honored with the Catholic Charities of Southeast Texas Humanitarian Award in 2013.

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.  He recently received an Honorary Doctorate in Humane Letters from McNeese State University.  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 Boards of Directors of the Jefferson County Texas Crime Stoppers organization, the Numismatic Literary Guild and the Industry Council For Tangible Assets.

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Challenges, Opportunities, and Lessons Learned: The U.S. Mint’s Upcoming Palladium Program

July 13, 2016 in Books, Coins, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Palladium, Palladium Coins, US Government, US Mint, USA Coins

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

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The legislated motifs of the palladium coin: Adolph Weinman’s Winged Liberty dime obverse, and the reverse of the 1907 American Institute of Architects medal, also by Weinman.

The Citizens Coinage Advisory Committee is a public group established by Congress to advise the secretary of the Treasury on designs for U.S. coins and medals and similar areas of national concern. Recently I reported on the design-review process and the open-forum question-and-answer session of the Monday, June 27, meeting of the CCAC. This was an interesting and productive meeting that covered 2018 “National Park” quarters, Barack Obama’s presidential medals, and other… Full article at the source>

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

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Proposed Legislation Aims to Designate Saint-Gaudens Site as National Arts Park

June 6, 2016 in Art, Blogs, Education, History, Legal, Legislation, Museums, News, Numismatica, Numismatics, US Government

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

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Above: Sculptor Augustus Saint-Gaudens (with Amor Caritas in the background), Paris, 1898. Credit: Courtesy of National Park Service, Saint-Gaudens National Historic Site.

 

Two bills have been introduced proposing the redesignation of the Saint-Gaudens National Historic Site in Cornish, New Hampshire to the “Saint-Gaudens National Park for the Arts.” The companion bills were submitted simultaneously on May 12 by Sen. Jeanne Shaheen (D-NH) and Rep. Frank Guinta (R-NH1).

Augustus Saint-Gaudens was born in Ireland, raised in New York City, and went on to become one of America’s greatest sculptors. He created some of the nation’s best-known public statues, including Standing… Full article at the source>

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

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New Hampshire’s Senators Propose Coins Commemorating Space Shuttle Challenger

May 11, 2016 in Coins, Collecting, Commemorative, Education, History, News, Numismatica, Numismatics, US Government, US Mint, USA Coins

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

Christa McAuliffe

Christa McAuliffe

 

A new commemorative coin program memorializing the 30th anniversary of the space shuttle Challenger disaster has been proposed by United States Senators Kelly Ayotte and Jeanne Shaheen of New Hampshire. It would particularly highlight the legacy of Christa McAuliffe, a high school social studies teacher and mother of two who was chosen to join the expedition as the “first teacher in space.”

McAuliffe and six other astronauts were killed after the Challenger exploded shortly after launching from the coast of Florida on January 28, 1986. Due in part to the significant media attention attracted by McAuliffe’s participation in the mission,… Full article at the source>

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

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U.S. Mint Sales Report: Big Numbers for Gold Mercury Dime and 2016 Silver Proof Set

April 27, 2016 in Coins, Collecting, Collector Sets, Commemorative, Gold, Gold Coins, Investing, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Silver, Silver Coins, US Government, US Mint, USA Coins

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

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The 2016 U.S. Mint Silver Proof Set was released on Monday, April 18.

It’s been an eventful week at the U.S. Mint as two big releases garnered significant interest from collectors.

The first product to debut during this period was the 2016 U.S. Mint Silver Proof Set, which contains 13 Proof coins, seven of which are composed of 90% silver. The item sold more units than any other numismatic product this week, posting a total of 176,733 sets purchased. This number is slightly down from the 2015 issue’s first-week total of 184,613 sets sold, but it’s worth noting that last… Full article at the source>

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

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