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LeRoy Transfield discusses designing WWI Commemorative

October 20, 2017 in Blogs, Coins, Collecting, Commemorative, Design, Education, History, Numismatica, Numismatics, Opinion, US Mint, USA Coins

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

NOTE: I reached out to LeRoy Transfield, the design winner of the design competition for the World War I Centennial Commemorative dollar coin to ask about his experience with the design and competition. He sent me a copy of his story with permission to publish it here. The following is what he sent. I had […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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New at the Mint: 2016 Native American Dollar Products

January 30, 2016 in Coins, Coins for sale, Collecting, Commemorative, Dollar Coins, History, New Releases, News, Numismatica, Numismatics, US Mint

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

16na_bBOTH

Earlier this week, the U.S. Mint began selling rolls, bags, and boxes of the 2016 Native American $1 coins. They can be purchased in varying quantities through the following product options: 25-coin rolls for $32.95 each, 100-coin bags for $111.95, and 250-coin boxes for $275.95. For each option, customers can choose coins minted at either the Philadelphia Mint or the Denver Mint.

This year’s issue is the eighth release in the annual Native American $1 coin series and features a design celebrating the contributions of Code Talkers to United States war efforts during World Wars I & II.

The obverse,… Full article at the source>

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

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Standalone New Orleans Coinage: Gold Coins

October 21, 2015 in Antique Coins, Blogs, Coins, Collecting, Education, Gold, Gold Coins, History, Numismatica, Numismatics, Rare Coins, USA Coins

By Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

1849-O $1.00 PCGS MS64 CAC

A “standalone” coin is one that, literally, stands alone; be it as a first-year issue, a one year type, or for other factors. In the United States gold coin market, there are a number of standalone issues from New Orleans and this article will identify and analyze them.

1. Gold Dollars

1849-O: This isn’t a true standalone issue, but the fact that it is the first New Orleans example of a brand-new denomination makes it desirable to multiple iterations of collector.

The 1849-O isn’t an especially scarce coin and its affordability is enhanced by the fact that this issue… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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Govt. Watchdog: Dollar Coin Makes More Cents for US

November 28, 2012 in Coins, Paper Money, USA Coins

Nov 28, 2012 By Sarah Parnass (http://abcnews.go.com)

The U.S. could save billions of dollars by getting rid of the paper dollar, according to the Government Accountability Office.

One USA Dollar Bill ($)

One USA Dollar Bill ($)

The coins  might weigh heavier in your pocket, but using a dollar coin makes more sense – and cents – in the long run than dollar bills.

1 Dollar Coin USA ($)

1 Dollar Coin USA ($)

At a hearing before the  House Financial Services Committee Thursday, Lorelai St. James, a director at the GAO, plans to tell Congress that switching from paper currency to dollar coins would ultimately be more cost effective,  the Wall Street Journal reported Wednesday.

Last  February, the GAO reported that making such a  switch would save the country $4.4 billion over the next three decades – or about $146 million per year in savings.

Shawn Smeallie, executive director of the Dollar Coin Alliance, said the savings could be as much as $11 billion over a period of 30 years, without cutting any programs or raising taxes.

But defenders of the paper dollar have focused on another aspect of the report: In the first 10 years of the switchover, the government would lose more than $500 million, according to the GAO.

“This report is crystal clear about one thing: The unwieldy dollar coin is more expensive than the popular dollar bill, even over the long run,” outgoing Sen. Scott Brown, R-Mass., said in a statement last February. “The dollar bill will continue to be the more cost-effective currency to produce and use.”

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