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Coingrader “fails”

November 16, 2017 in Auctions, Coins, Collecting, Education, Investing, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service), Photography, Silver, Silver Coins, USA Coins

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

Too often numismatic writers give the impression that they always win in online auctions, but all of them will fail on occasion, including me. That is what this post is about. Perhaps my examples here might inform you about issues that often result in cleaned or damaged coins after they are sent in for holdering.

Sometimes, in my view, the holdering company gets it wrong, as I wrote about earlier in the article, “Resubmitting or Living with Grades.”

More often I fail in winning coins because of poor photography, or sharp photography that doesn’t give me a clear view of the… Full article at the source>

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

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A new book for the serious coin collector: Inside the Rare Coin Marketplace

September 18, 2017 in Books, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Rare Coins, USA Coins

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

“Buy the book before the coin” is good, solid, often-quoted advice for newcomers to the hobby. Frankly, it’s guidance for a lifetime of collecting; we should all heed it well beyond the beginner stage. And fortunately for today’s hobbyist, this advice has never been easier to follow—thanks in large part to one incredibly productive author, Q. David Bowers.

Numismatic publishing has experienced a renaissance, an exciting boom, over the past 15 years. Dave Bowers joined forces with Whitman Publishing in 2003 as the company’s numismatic director and as research editor of the Guide Book of United States Coins (the hobby’s best-selling… Full article at the source>

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

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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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Donn Pearlman named NLG Acting Executive Director

August 29, 2017 in Coins, Collecting, Education, History, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases

August 29, 2017

News media contact:
Donn Pearlman, 702-868-5777

Donn Pearlman named NLG Acting Executive Director

 

Donn Pearlman NLG Acting Exec. Dir.

Donn Pearlman NLG Acting Exec. Dir.

The Board of Directors of the Numismatic Literary Guild (NLG) www.NLGonline.org, a nonprofit organization composed of over 400 writers, editors, authors and content producers, has selected award-winning author, journalist and former CBS broadcaster Donn Pearlman of Las Vegas, Nevada to be its Acting Executive Director. He succeeds legendary journalist Ed Reiter of Nanticoke, Pennsylvania who served as NLG Executive Director from 1990 until his death this past August 24, 2017.

Since its founding in 1968, the NLG has promoted numismatic education and recognizes outstanding achievements in numismatic journalism, books, newsletters and auction catalogs.  The organization conducts an annual symposium, as well as a dinner and awards ceremony, “The Bash,” at the American Numismatic Association (ANA) World’s Fair of Money® convention.

Pearlman is a longtime stalwart of the organization, having served as an NLG director for various terms since the 1980s, and from 1978 through 1989 served as emcee and organizer of its annual Bashes.  He has continued through the decades to also serve NLG as a judge, member sponsor and awards presenter.

“I am honored to be selected by the NLG Board. Ed Reiter was a long-time friend and a respected leader in the numismatic community,” said Pearlman who is president of Donn Pearlman & Associates Public Relations in Las Vegas.

Pearlman has written hundreds of newspaper and magazine articles and columns promoting the numismatic hobby and profession, and was a columnist for years in The Numismatist magazine, official publication of ANA.  He is the author of books on broadcasting, baseball cards and coins.

Pearlman received the NLG’s highest honor, the Clemy, in 1984, and was recipient of the ANA’s highest honor, the Farran Zerbe Award, in 2015.

Other honors the incoming Acting Executive Director received include the 2017 Burnett Anderson Award for Excellence in Numismatic Writing, presented jointly by the ANA, American Numismatic Society and the NLG; the Professional Numismatists Guild’s Art Kagin Ambassador Award (2011), Significant Contribution Award (2005) and Sol Kaplan Award (1977); ANA Glenn Smedley Award (1993) and Medal of Merit (1996). He also served two terms as an ANA Governor, 1989 to 1993.

In the late 1970s to mid-1980s Pearlman was producer and narrator of a weekly series of numismatic-related educational programs for CBS Radio.  He also was the script writer for the acclaimed, joint PNG-ANA 1995 video documentary, Money: History in Your Hands, narrated by actor James Earl Jones.

“I first learned of the NLG in 1977 when I attended my first ANA convention. NLG founding Executive Director Lee Martin invited me to join, and I promptly did. When I returned home, Lee told me that I was named the master of ceremonies of the next year’s Bash. I happily remained MC for about a decade,” recalled Pearlman.

Membership in the Numismatic Literary Guild is open to authors of numismatic books; publishers and editors of recognized numismatic periodicals or club publications in the numismatic field; staff writers or columnists of such periodicals; writers whose work has been published in such periodicals or club journals; published research numismatists; auction catalogers; curators of recognized numismatic museums; broadcasters and numismatic online content producers, and others deemed worthy by the NLG Membership Committee.

A membership application is available online at https://www.NLGonline.org/NLG_Member_Form.pdf.             

 

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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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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.[…]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Mike Fuljenz Honored At 2017 World’s Fair of Money

August 8, 2017 in ANA (American Numismatic Association), Awards, Coin Shows, Coins, Collecting, Education, Events, History, Investing, News, Numismatic Literary Guild, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, Press Releases, Prize Winners

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

Mike Fuljenz Honored At 2017 World’s Fair of Money

Mike Fuljenz with his ICTA medal

Mike Fuljenz with his ICTA medal

(Denver, Colorado) August 7, 2017 – Rare coin and precious metals expert Michael Fuljenz, President of Universal Coin & Bullion of Beaumont, Texas (www.UniversalCoin.com), received an important national award at the recent American Numismatic Association 2017 Denver World’s Fair of Money® for his decades of anti-counterfeiting efforts.  

The Industry Council for Tangible Assets (www.ICTAonline.org) presented him with the Al Kreuzer Memorial Award medal for “outstanding contributions in the efforts to combat counterfeit coins and currency.”

Fuljenz is a long-time member of the ICTA Board of Directors and a member of their recently-formed Anti-Counterfeiting Task Force.  Since the 1980’s he has taught many counterfeit detection and rare coin authentication seminars for collectors, dealers and law enforcement officers.

“I am proud and honored to receive this award, and look forward to additional work with ICTA and other organizations to combat counterfeits and educate the public about the needs to buy and sell rare coins and precious metal bullion coins only with reputable, knowledgeable dealers, such as members of the Professional Numismatists Guild (PNG),” said Fuljenz.

Fuljenz is a member of the PNG’s Accredited Precious Metals Dealer program that requires all members to adhere to a strict code of ethics in the buying and selling of gold, silver and other bullion products. He now has won major awards from the four top organizations in the rare coin hobby and profession: the American Numismatic Association (ANA), Numismatic Literary Guild (NLG), Professional Numismatists Guild (PNG) and the Industry Council for Tangible Assets.

2017 NLG Ribbit Award winner David Hall with 2016 winner Mike Fuljenz, are distributed on behalf of Mike Fuljenz and Universal Coin & Bullion.

2017 NLG Ribbit Award winner David Hall with 2016 winner Mike Fuljenz, are distributed on behalf of Mike Fuljenz and Universal Coin & Bullion.

A strong consumer advocate, he received the prestigious PNG Sol Kaplan Award in 2016 in part for assisting an 84-year man recover the $84,000 he had paid to two unscrupulous dealers who sold him counterfeit American Eagle gold coins. Earlier, Fuljenz assisted a group of New Orleans physicians recover $750,000 after they unsuspectingly purchased counterfeit coins from a local attorney.

Summing up the rare coin marketplace during the ANA show in Denver, August 1 – 5, he commented:

“Really nice coins and important coins were in short supply, and highly desired by leading dealers and collectors at the show. These types of coins often brought impressive prices at auctions this week.   The United States Mint had long lines of customers wanting to buy their new products. The U.S. Treasury Department exhibits by the United States Mint and the Bureau of Engraving and Printing are always popular and educational.”

In addition to receiving an award at the World’s Fair of Money, Fuljenz presented two of them. As 2016 recipient of “The Ribbit,” an important honor presented annually by the NLG for outstanding service to the hobby, he presented the 2017 award to David Hall, co-founder of Professional Coin Grading Service.  “David is one of the top professional leaders of the hobby who certainly deserves recognition for all he has done to promote numismatic education,” explained Fuljenz.

As sponsor of the ANA’s top honor, the Farran Zerbe Memorial Award, Fuljenz co-presented it with ANA President Jeff Garrett to Brian Fanton of Iowa. “Brian surprised me at the ceremony by telling me he recalled how much he enjoyed taking one of my ANA coin grading seminars back in the 1980’s,” said Fuljenz.

Known as America’s Gold Expert®, Universal Coin & Bullion President Michael Fuljenz has won more than 60 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals. His weekly Metals Market Report is available free at www.UniversalCoin.com.

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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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South Africa: Innovative twinned coins celebrate 50th anniversary of world’s first heart transplant

June 5, 2017 in African Coins, Coins, Coins for sale, Collecting, Commemorative, Education, History, New Releases, News, Numismatica, Numismatics, Precious Metals, Press Releases, Proof Coins, Silver, Silver Coins, South Africa Coins, World Coins

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

The South African Mint has issued a silver coin commemorating the 50th anniversary of a medical miracle that astonished the world in 1967—the world’s first heart transplant, which took place in Cape Town, South Africa. The extraordinary surgery is celebrated on a unique pair of coins: a 2-Rand silver coin and a smaller, 2-1/2-cent “Tickey.” The two coins actually fit together to allow the viewer to imagine the transplant. The small silver Tickey coin, depicting the good heart, appears on top of the larger coin depicting the torso and, within it, the poor heart.

The very complex and correct anatomical detail… Full article at the source>

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

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James Earl Jones Coin Collecting Video Available Free on New PNG YouTube Channel

May 25, 2017 in Ancient Coins, Antique Coins, Coins, Collecting, Education, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins, World Coins

News media contact:
Robert Brueggeman
Professional Numismatists Guild Executive Director
951-587-8300

James Earl Jones Coin Collecting Video
Available Free on New PNG YouTube Channel

 

Screen grab image of actor James Earl Jones

Screen grab image of actor James Earl Jones

(Temecula, California) May 25, 2017 – The award-winning educational video, “Money: History in Your Hands,” narrated by acclaimed actor James Earl Jones, now is available for free viewing on the Professional Numismatists Guild YouTube.com channel.

“We currently have more than a dozen videos about rare coins, paper money and precious metals available for complimentary viewing on PNG’s YouTube channel. They will be helpful for beginners to advanced collectors and investors with informative advice about buying, storing and selling numismatic items as well as gold, silver and platinum bullion items,” said PNG Executive Director Robert Brueggeman.

“An important part of our educational effort is the video, ‘Money: History in Your Hands,’ jointly created by PNG and the American Numismatic Association, and hosted on camera by James Earl Jones. It gives viewers a compelling overview of the history of money, and how it relates to art, culture, history, politics and religion,” explained Brueggeman. “The 29-minute video is available for convenient viewing in two parts.”

Other informative PNG videos focus on topics of discovering the enjoyment of coin collecting, how to determine the value of your coins, and the importance of working with a reputable, knowledgeable dealer when you buy or sell.

All of the videos are can be viewed at: https://www.youtube.com/channel/UCb5co6ZLKPitRAw-6pDxeCw

Founded in 1955, the Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and paper money dealers.  A directory of dealers, the PNG Member Code of Ethics and the organization’s Collector’s Bill of Rights can be found at www.PNGdealers.org. For additional information, contact the PNG by email at info@PNGdealers.org or by phone at 951-587-8300.

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Note By: Numismatica.com

Here are the links to the two specific videos;

Part 1: https://youtu.be/Ir_oCtaXloc

Part 2: https://youtu.be/gb3mgkYMssM

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European dealer devises a clever contest using a fake coin

May 18, 2017 in Ancient Coins, Antique Coins, Auctions, Coins, Coins for sale, Collecting, Competition, E-commerce, Education, Events, Fake Coins, Gold, Gold Coins, History, News, Numismatica, Numismatics, Rare Coins, World Coins

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

There’s a fake in the latest catalog of a respected auction house—and the owner knows it.

Dr. Hubert Lanz, of the respected Munich coin company Numismatik Lanz, has long been a champion of collectors, whose many hazards include the issue of counterfeit coins. As Numismatik Lanz is celebrating its 70th year of operation, Dr. Lanz came up with a clever idea to promote the company and highlight the danger of fraud in numismatics: He placed a fake in catalog number 164, and announced that anyone who identified the fake would receive a €25 credit toward their purchase in the auction.

Numismatik Lanz… Full article at the source>

Source: c

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Grande Dame of Numismatics Passes Away at 97

May 17, 2017 in American Numismatic Society, ANA (American Numismatic Association), Clubs and Associations, Coin Dealers, Collecting, Education, History, Numismatic Societies and Clubs, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, USA Coins, World Coins

By: James A. Simek, PNG Secretary

Catherine Bullowa-Moore, a very highly respected Philadelphia coin dealer for six and one-half decades, passed away peacefully May 15, 2017. She was 97 years of age and was originally from Larchmont, New York. She was likable, charming, engaging and very interested in educating people about the joys of numismatics. She was particularly fond of talking to youngsters about coins because she felt they represented the future of the hobby.

I first met Catherine in 1966, I believe, at a coin show in downtown Chicago. I was a teenager with very little money to spend, and I let her know that. She graciously spent time visiting with me and even let me have a coin on “memo” since I did not have enough money with me to pay for it (at the time I did not even know what “memo” meant!). I was taken aback, since we had just met and did not really know each other, but she said “that’s OK, I trust you.” That left an indelible mark and led to a friendship that has endured for more than half a century. She is one of the reasons I am in this profession today.

After marrying David Bullowa, one of America’s premier professional numismatists, Catherine was thrust into the rare coin business when David died unexpectedly in October 1953 after only 1-1/2 years of marriage. Although approached by numerous dealers who wanted to purchase the business name and location, Catherine was determined to make a career of it herself. “Determined” is a good word to describe Catherine. She was independent, strong-willed and extremely capable and was admired by many for having these traits.

She had acquired a love of coins from her late husband and, in his memory, decided to continue the business. Keep in mind that, at the time, there were only a handful of female coin dealers in the entire country so this presented quite a challenge for the young lady who had majored in zoology at Connecticut College.

Catherine loved to read and made good use of David’s extensive numismatic library. She studied not only United States coins and currency, but foreign and ancient coins as well. It was not long before she was a self-taught expert in several aspects of numismatics.

In 1959, Catherine married Earl E Moore, an autographs and manuscripts specialist. Their union was to last 41 years. They were frequent attendees at coin shows and conventions throughout the country and both of them enjoyed the camaraderie and interactions with old friends that these opportunities afforded.

Through the years, Catherine held membership in numerous professional and hobby-related organizations. Among them were the American Numismatic Society (ANS) of which she was a Life Fellow and to which she contributed generously; the Royal Numismatic Society (RNS) of which she was a Fellow; the International Association of Professional Numismatists (IAPN); the American Numismatic Association (ANA) in which she held Life Membership #355; and the American Society of Appraisers (ASA) where she had Senior Member status. She was also a founding member of the Professional Numismatists Guild (PNG), and one of only a handful of individuals to have been given Life Member status (#3) by the organization.

Catherine received many awards and accolades throughout her illustrious career, and one she was quite pleased to receive was the PNG’s inaugural Lifetime Achievement Award in 1997. She also received their Art Kagin Numismatic Ambassador Award in 2013.

One achievement of which she was particularly proud was to have been chosen in 1965 as a member of the United States Assay Commission. Names were submitted by the Director of the Mint to the White House where the final choices were made. Members would check random samples of the previous year’s coinage for weight and purity and membership in the Commission carried with it a great deal of prestige. She also was a member of the Old Time Assay Commissioners’ Society and enjoyed that immensely.

Catherine’s rich legacy and fond memories remain with countless people she has come in contact with throughout her long and illustrious career in numismatics. She will be greatly missed by her family, as well as by numerous friends and associates.

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The SS Gairsoppa and the Great Silver Treasure

May 16, 2017 in Books, Coins, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Precious Metals, Ship Wrecks, Silver, Silver Coins, Treasure, Treasure Hunting, World Coins

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

In his richly illustrated new book The SS Gairsoppa and the Great Silver Treasure, Q. David Bowers explores the cultural scene and political and military developments that led up to the Second World War. Bowers, one of America’s preeminent historians, starts with the aftermath of the world conflict of 1914 to 1918. He colorfully describes the fabric of life in the United States and international events through the 1920s and 1930s. Then: the eruption of fresh hostilities in 1939 and immersion in a new global war. Ultimately Bowers’s focus is the 1941 maritime loss of a massive shipment of silver,… Full article at the source>

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

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Grading Capped Bust half dollars

May 10, 2017 in Antique Coins, Coin Grading, Coins, Collecting, Education, Grading, Half Dollars, History, Investing, News, Numismatica, Numismatics, Online Tools, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

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

Grading Capped Bust half dollars is a challenge, especially to new hobbyists unaccustomed to the series, which ran from 1807 to 1839 and which continues to be popular because many of the dates are affordable and come with a large selection of die varieties (including overdate strikes).

We’ll save overdates for a future column. This post concerns circulation (business) strikes. The denomination was used heavily in circulation, and that accounts for the typical wear you will see on the high points of the obverse and reverse.

The grading basics of this post concern high points where wear is readily distinguishable: the raised… Full article at the source>

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

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When flat bids are not mentioned in terms

May 1, 2017 in Auctions, Coins, Coins for sale, Collecting, Education, News, Numismatica, Numismatics, Opinion

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

I’m an experienced online coin buyer, blogger, and numismatist, and even I get caught on occasion when auctions do not mention flat bids in their terms of service, which I always read.

In an April 23 session on HiBid.com, there was no mention whatsoever that an online catalog was programmed to take flat bids—an amount that serves as both the opening and maximum bid all in one.

Case in point: If you state $100 for a coin lot, that becomes the starting bid. You will win that coin for that amount if no one else bids. In an online session that closes… Full article at the source>

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

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ANA accepting submissions for numismatic literary competitions

April 19, 2017 in ANA (American Numismatic Association), Coins, Collecting, Competition, Education, Entertainment, Events, Fun, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Young Collectors

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

numismatist_

The American Numismatic Association (ANA) has announced two upcoming opportunities for numismatic literary awards and speaking opportunities, with deadlines for entry approaching in the next few weeks.

Young Numismatist Literary Awards

Entries are now being accepted for the 2017 ANA Young Numismatist Literary Awards competition. The awards program encourages young writers and promotes future numismatic authors and researchers. All submissions must be postmarked by May 15.

The contest is open to young writers in three age groups, all of whom will compete for cash awards and numismatic book vouchers. Article submissions will be evaluated by a panel of judges, including Bill Fivaz, Q… Full article at the source>

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

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Bidding at auction

April 17, 2017 in Auctions, Coins, Coins for sale, Collecting, E-commerce, Education, Investing, News, Numismatica, Numismatics, Online Tools, Opinion

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

Bidding in an auction can be a fun and rewarding experience. This is particularly true of floor auctions, held around the world, where bidders compete for items through a variety of bidding options. While these options vary from auction house to auction house, most collectors can bid in auctions by being at the venue, bidding online, bidding by phone, placing a book bid prior to the auction, or having a representative bid for them at the auction. Each of the methods has its pros and cons, and in this article we will take a look at each of the various… Full article at the source>

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

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There’s still time to register early for the 2017 ANA Summer Seminar

March 29, 2017 in ANA (American Numismatic Association), Coins, Collecting, Conventions, Education, Events, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, Press Releases, USA Coins, World Coins

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

Hobbyists interested in attending the American Numismatic Association’s (ANA) 49th annual Summer Seminar in Colorado Springs, Colo. can now register for the event online. The two one-week sessions will be held June 17-29. ANA members who register by March 31 will save $50 per session on the cost of tuition; life members who register will save an additional $25 per session. Register online here. Summer Seminar is a once-a-year opportunity for numismatic study, and the 2017 Summer Seminar features a lineup of classes to meet virtually every collector’s needs. To view a full list of courses, session schedules… Full article at the source>

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

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Ukraine: 100th anniversary of first statehood celebrated with new coin

March 29, 2017 in Coins, Collecting, Commemorative, Education, History, New Releases, News, Nickel Coins, Numismatica, Numismatics, World Coins

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

The National Bank of Ukraine have issued (22nd March) a new coin in celebration of Ukraine’s first declaration of statehood, which occurred in the wake of the dissolution of the Russian Empire in 1917. Events surrounding the abdication of Czar Nicholas II on the 15th March 1917 resulted in the initial declaration of independence in the spring of 1917, but this declaration would be followed by a civil conflict and a short-lived duration of statehood.

The coin is produced by the Ukrainian… Full article at the source>

 

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

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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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More Bidding Basics: Buy It Now & Make Offer “Deals”

March 18, 2017 in Auctions, Coin Grading, Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, Grading, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

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

Every now and then we need to monitor the major online coin portals in our “Bidding Basics” series—this time, concerning “Buy It Now” and “Make Offer” deals on Proxibid and eBay.

Some general rules:

  • Never bid on raw coins unless you are an expert grader, trust the seller, can view excellent photos, and can return the coin if unsatisfied.
  • Never bid on coins in bottom-tier slabs unless you spot a mistake like a rare error or variation that isn’t listed on the label.
  • Consider not wasting time on “Buy It Now” offers unless you need the coin or currency for your collection… Full article at the source>

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

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New to bullion investing? Important guidelines to get you safely started

March 17, 2017 in Bullion, Coins, Collecting, Education, Gold, Gold Bullion, Gold Coins, Investing, News, Numismatica, Numismatics, Opinion, Platinum, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins

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

Student loans, auto loans, home mortgages, and similar expenditures are major financial milestones—most people encounter one or more of them at some point in life. If you don’t have direct experience in these areas, you almost certainly know someone who does, and they can point you in the right direction.

Investing in coins or precious metals, on the other hand, is very different. If you aren’t already in the know, chances are your friends and relatives aren’t, either. Lack of information leaves people especially vulnerable to fraud, whether it’s malicious (as with counterfeit coins) or simply ignorant (overcharging for legitimate items… Full article at the source>

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

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Coin Collecting Terminology Explained

March 15, 2017 in Blogs, Circulating Coins, Coins, Collecting, Education, Investing, Numismatica, Numismatics, Opinion, Reference

By: Tegna Liberty Coin and Currency Blog

coin-terminology-featured

Those who are interested in taking up the exciting hobby of coin collecting may become a bit confused about some of the terminology used in the industry. While each collector’s tastes and unique interests vary, there are a few basic coin collecting terms that are helpful to become familiar with.

What Is the Difference Between Circulated and Uncirculated Coins?

A circulated coin is one that is produced for everyday transactions by the United States Mint. Once a coin enters circulation, it becomes classified as “circulated.” All coins start out as uncirculated when they are struck at the mint, and they stay uncirculated… Full article at the source>

Source: Liberty Coin and Currency Blog

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Dipped: Know the Tell-Tale Signs

February 28, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Copper, Copper Coins, E-commerce, Ebay, Education, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, Silver Coins, USA Coins

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

Increasingly on Proxibid, HiBid, and eBay, I am encountering dipped coins, making me wary about placing any bids, even on Morgan dollars like this 1902 one depicted above. That’s not how a 115-year-old silver coin is supposed to look, unless it was broken out of a bank roll, in which case the seller would have offered more than one in this condition.

This coin was expertly dipped, meaning it still may slab at PCGS or NGC.

You can buy dips at coin shops, at shows, and online. Each dealer or expert hobbyist has his or her formula, usually diluted with… Full article at the source>

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

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WGS Interview

February 28, 2017 in Ancient Coins, Archaeology, Blogs, Coins, Collecting, Education, History, Numismatica, Numismatics, Opinion, Rare Coins, World Coins

By: Wayne G. Sayles Ancient Coin Collecting

http://blog.coinsupplyplanet.com/interview-wayne-sayles/

I recently came across an interview that I did a few years ago for CoinSupplyPlanet.com and thought it may be worth sharing here since it is still as relevant as the day it was recorded.

The full interview can be viewed and read at
http://blog.coinsupplyplanet.com/interview-wayne-sayles/ … Full article at the source>

Source: Ancient Coin Collecting (Wayne G. Sayles)

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