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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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Weekly Numismatic World News for August 13, 2017

August 14, 2017 in Blogs, Coins, Collecting, Counterfeit, Education, Euro Coins, History, Investing, News, Numismatica, Numismatics, Opinion, Reference, USA Coins, World Coins

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

The reasons why counterfeiters are successful is that people do not pay attention. Even when people do allegedly pay attention, it is almost as if the brain is not engaging. A report from the U.K. says that people returning from mainland Europe are trying to pass euros because they look like the new £1 coin. […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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PCGS CoinFacts Coin Dealer Hall of Fame adds to growing list of inductees

August 9, 2017 in Awards, Coin Dealers, Coin Shows, Coins, Collecting, Competition, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Press Releases, USA Coins, World Coins

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

(Denver, Colorado)—On Friday, August 4, 2017, two more renowned numismatists joined the ranks of the PCGS CoinFacts Coin Dealer Hall of Fame.

In the final days of this year’s World’s Fair of Money, during the PCGS Set Registry Luncheon, Kevin Lipton and the late David Proskey joined the esteemed list of numismatists who comprise the PCGS CoinFacts Hall of Fame.

“It’s important that we acknowledge those who have made tremendous contributions to the industry and the hobby we love. Kevin Lipton and David Proskey did just that. The PCGS CoinFacts Hall of Fame has been adding prestigious names throughout numismatics since 2010,… Full article at the source>

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

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Barry Stuppler Selected As New PNG President

August 1, 2017 in Clubs and Associations, Coin Shows, Coins, Collecting, Conventions, Events, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Precious Metals, USA Coins, World Coins

News media contact:

Robert Brueggeman, 951-587-8300

Barry Stuppler Selected As New PNG President

PNG President Barry Stuppler Photo credit: Donn Pearlman

PNG President Barry Stuppler Photo credit: Donn Pearlman

(Denver, Colorado) August 1, 2017 – Officers of the Professional Numismatists Guild (www.PNGdealers.org) have selected Barry Stuppler to be the organization’s President for the 2017 – 2019 term. Stuppler was selected during the PNG Board of Directors meeting in Denver, Colorado on July 30, 2017.

He is President of Stuppler & Company, Inc. in Woodland Hills, California as well as President of the California Coin and Bullion Merchants Association and Chairman of the Gold and Silver Political Action Committee.  He also is a former President of the American Numismatic Association (ANA).

“One of the first projects I want to launch during my presidency is to have PNG jointly work with the ANA and the United States Mint to create for April 2018 the largest, most exciting National Coin Week we’ve ever seen. Virtually everyone is interested in ‘money.’  We need to capture the public’s underlying interest and show them the enjoyment of numismatics,” said Stuppler.

Other goals during his presidency will be on-going counterfeit detection and fraud detection educational programs for PNG members, and increasing the benefits of PNG membership. Stuppler also wants to establish professional marketing programs for PNG and the PNG Accredited Precious Metals Dealer program (PNG-APMD).

The other PNG officers selected for the 2017 – 2019 term are: Vice President Richard Weaver of Delaware Valley Rare Coin, Broomall, Pennsylvania; Treasurer Wade Milas of RARCOA, Willowbrook, Illinois; and Secretary James A. Simek of Numisgraphic Enterprises, Westchester, Illinois.

In addition to the officers, PNG Board members for the new term are Immediate Past President Dana Samuelson of American Gold Exchange, Austin, Texas and three new Board members: John Brush of David Lawrence Rare Coins, Virginia Beach, Virginia; Brett Charville of Standard Numismatics, Chicago, Illinois; Don Ketterling of D.H. Ketterling Consulting, Reno, Nevada; and Don Rinkor of Rinkor Rare Coins, Santa Rosa, California.

“Under PNG Bylaws, member-dealers of the organization elect the board members at large, and then the elected board members select the officers from within their group. During their July 30, 2017 meeting in Denver, Colorado the nine-member board chose the President, Vice President, Treasurer and Secretary,” explained PNG Executive Director Robert Brueggeman.

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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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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Spain: “International Year of Sustainable Tourism for Development” the focus of new silver coin

July 20, 2017 in Coins, Coins for sale, Collecting, Commemorative, Education, Euro Coins, History, Investing, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Proof Coins, Silver, Silver Coins, Spain Coins, Spanish Coins, World Coins

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

The Fabrica Nacional Moneda y Timbre–Real Casa de la Moneda will issue, on the 24th July, a new silver coin with colour accenting that seeks to raise awareness of the contribution of sustainable tourism. The United Nations 70th General Assembly has designated 2017 as the International Year of Sustainable Tourism for Development. This new initiative seeks to further the development among public- and private-sector decision-makers and the public at large, while mobilizing all stakeholders to work together in making tourism a catalyst for positive change.

Spain in particular is a very desirable destination for literally millions of tourists who are attracted… Full article at the source>

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

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U.S. Mint sales report: Week ending July 16, 2017

July 20, 2017 in Coins, Collecting, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

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

This report covers the week ending July 16, 2017. The Mint had one new release during this sales period: the 2017 America the Beautiful–Ozark National Scenic Riverways 5-ounce silver Uncirculated coin (17AL). Released on July 11, it handily took the number-one-seller spot on this week’s report, with 13,740 units sold. Among the 5-ounce ATB Uncirculated coins, however, it had one of the weakest opening-week showings ever.

The 2017 American Eagle 1-ounce platinum Proof coin (17EJ)—last week‘s best seller—tumbled to seventh place, but it remains an interesting item. Limited to a mintage of 10,000, the coin was released on July 6… Full article at the source>

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

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David Lange awarded ANA’s Numismatist of the Year Award

July 8, 2017 in ANA (American Numismatic Association), Awards, Collecting, Competition, Conventions, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Prize Winners

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

David W. Lange is the 2017 recipient of the American Numismatic Association’s (ANA’s) Numismatist of the Year Award. The award honors an individual within the numismatic community who has demonstrated long-term leadership in the field and to the association. He will be presented with the award on Friday, August 4, during the awards banquet at the World’s Fair of Money in Denver.

As an author and researcher, David Lange is adept in a wide variety of numismatic areas. The longtime collector specializes in U.S. type coins, Philippine coins and notes from 1903 to 1945, and British coins from 1816 to 1970. Full article at the source>

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

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U.S. Mint sales report: Week ending June 25, 2017

June 28, 2017 in Coins, Collecting, News, Numismatica, Numismatics, US Mint, USA Coins

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

This week, we caught up with a couple of missing 2017 U.S. Mint numismatic sales reports: one for the period ending May 14, and one for the period ending May 21. The present report covers the week ending June 25, 2017.

There are no new releases on the report this week. Last week’s only new release—and that week’s top seller—was the 2017-P American Liberty silver medal (17XB). It remains within the upper tier of sales, ranking fourth this with 2,963 sold. More than 36,000 of the medals have been purchased since it was released on June 14. Its predecessor,… Full article at the source>

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

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Miles Standish Will Get Head Shaved To Benefit ANA And Help Sick Children

June 20, 2017 in ANA (American Numismatic Association), Charity, Conventions, Events, Fun, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases

News Media Contacts:
Miles Standish, 949-922-0515
Morgan Perry for ANA, 719-482-9871
Donn Pearlman, 702-868-5777

Everything off the top, please!
Miles Standish Will Get Head Shaved
To Benefit ANA And Help Sick Children

 

Michael "Miles" Standish

Michael “Miles” Standish
Vice-President of Numismatic Guaranty Corporation.

(Denver, Colorado) June 20, 2017 – Prominent numismatist Michael “Miles” Standish will get his head shaved in public at the American Numismatic Association 2017 World’s Fair of Money® in Denver.  The hair-raising act will raise money for the ANA and the nonprofit Standish Foundation for Child & Family Centered Healthcare.

Standish is an award-winning numismatic author and Senior Grader and Vice-President of Numismatic Guaranty Corporation. The Austin, Texas-based Standish Foundation was launched in 2010 by his wife, Andrea Mangione Standish, a certified child life specialist.  The foundation assists healthcare providers around the world to provide the tools and training they need to minimize healthcare-related pain and suffering in children.

The “Shave Miles” event will begin at 2 p.m. on Thursday, August 3, 2017, at

Booth 97, located next to the ANA Business and Messaging Center at the entrance to the World’s Fair of Money bourse floor in Hall F of the Colorado Convention Center in Denver.  The public is invited to watch.

“I may also have a well-known, surprise guest getting his head shaved, too,” said Standish.

“The mission of the foundation is to have happy, healthy, resilient kids who haven’t been traumatized by healthcare experiences.  This event is to help children get better care and to help an important hobby organization dear to me and so many others, the American Numismatic Association,” he explained.

“Building strong relationships amongst community-based organizations is a hallmark of the American Numismatic Association.  We are proud to partner with the Standish Foundation for Child & Family Centered Healthcare during the World’s Fair of Money in Denver,” said Kim Kiick, ANA Executive Director.

“Through combined efforts of the ‘Shave Miles’ event, we’re adding value into the vision of each organization – ensuring that the highest quality of education, training, and tools make the greatest impact in the communities we serve,” Kiick emphasized.

All donations for this event are tax deductible and will be evenly divided between the ANA and the foundation.  Checks should be made payable to the American Numismatic Association.  Donations can be made at Booth 97 or at the ANA Business and Messaging Center, Tuesday and Wednesday, August 1 and 2, from 10 a.m. – 5:30 p.m., and on the day of the event, Thursday, August 3, from 10 a.m. until all of Miles’ hair is shaved.

A native of Michigan, Standish began collecting in 1973 at the age of nine.  In 2011, he was honored with the “Director’s Coin for Excellence” by then-Director of the United States Mint Edmund Moy.

He is co-author with former Chief Engraving of the United States Mint, John Mercanti, of the 2012 reference book, “American Silver Eagles: A Guide to the U.S. Bullion Coin Program.”  Standish’s 2014 book, “Morgan Dollar: America’s Love Affair with a Legendary Coin,” received the 2015 Numismatic Literary Guild award for Best Specialized Book.  

Information about the ANA 2017 Denver World’s Fair of Money can be found at www.WorldsFairofMoney.com and information about the Standish Foundation for Child & Family Centered Healthcare is at www.sf4c.org.

 

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Exaggerated descriptions plague coin auctions

June 19, 2017 in Auctions, Coins, Coins for sale, Collecting, E-commerce, Education, Ethics, Grading, Investing, News, Numismatic Crimes, Numismatica, Numismatics, Online Tools, Opinion, USA Coins

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

I am growing weary reporting exaggerated descriptions in online coin auctions hosted by major portals, such as Proxibid and eBay. While it is difficult for those portals to monitor all lots in multitudes of auctions, it nevertheless hurts the hobby when hyped descriptions are not reported.

Here are just a few recent examples. I could provide many more, but these deal with coin rolls, raw coins, and holdered coins by eBay-approved and unapproved companies.

Let’s start with the “never opened” roll (hover cursor over images to zoom)… Full article at the source>

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

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America the Beautiful Quarters® Program

June 5, 2017 in Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, New Releases, News, Numismatica, Numismatics, Offers, Precious Metals, Press Releases, Quarters, Silver, Silver Coins, Uncirculated Coins, US Mint, USA Coins

By: Carolyn Fields United States Mint Press Releases/Public Statements

About the America the Beautiful Quarters® Program America the Beautiful Quarters® Site and Design Selection Process Silver Bullion Quarters Additional Resources About the America the Beautiful Quarters® Program In 2010, the United States Mint began issuing 56 quarter-dollar coins featuring… Full article at the source>

Source: United States Mint Press Releases/Public Statements

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Whitman releases new Search & Save™ coin books on dimes, quarters, and half dollars

May 24, 2017 in Books, Coins, Collecting, Collector Sets, Entertainment, Fun, News, Numismatica, Numismatics, Press Releases, Reference, USA Coins, Young Collectors

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

(Pelham, Alabama)—Whitman Publishing announces the release of two new volumes in its series of combination book-albums trademarked under the name Search & Save. Each new volume consists of a 96-page hardcover book bound with a Whitman Classic Coin Album page for storing and displaying a customized coin collection. The Search & Save volumes are intended for beginning to intermediate hobbyists, as a fun way to introduce newcomers to active coin collecting. Volume 5 covers dimes and quarters, and volume 6 covers half dollars. Each retails for $9.95 and is available from booksellers and hobby shops nationwide, and online (including at… Full article at the source>

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

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ICTA’s Anti-Counterfeiting Task Force gets underway with steering committee and work groups

April 19, 2017 in Coins, Collecting, Counterfeit, Currency, Education, Fake Coins, History, Investing, Money, News, Numismatic Crimes, Numismatica, Numismatics, Press Releases, USA Coins

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

The Industry Council for Tangible Assets has named an 11-member steering committee and has formed eight work groups to begin the work of its Anti-Counterfeiting Task Force.

ICTA created the Anti-Counterfeiting Task Force in January and named Beth Deisher as its director. ACTF’s mission is to mobilize law-enforcement resources to protect the integrity of U.S. and world coinage by educating officials on the economic impact and growing threat of counterfeit circulating, collectible, and bullion coins.

“We are extremely pleased to have leaders step forward and volunteer their time and expertise as we begin working with various levels of law enforcement to… Full article at the source>

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

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PCGS To Attribute Branch Mint Marks on Silver Eagles

April 6, 2017 in Coins, Collecting, Grading, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Precious Metals, Press Releases, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

PCGS Logo

Professional Coin Grading Service logo

April 6, 2017

Media contact: Steve Sloan, (949) 567-1223

PCGS To Attribute Branch Mint Marks on Silver Eagles

UPDATE 4/7/2017 9:22AM PST: For 2014-2017 boxes that have a sticker on the side that includes the designation “WPM”, PCGS believes that these boxes, regardless of their serial number, originated in West Point. Therefore, at this time, and until we receive further clarification from the U.S. Mint, we will not be attributing such boxes to Philadelphia or San Francisco.  

Acting upon the original documents provided to Coin World in response to a Freedom of Information Act (FOIA) request, Professional Coin Grading Service is pleased to announce that it will attribute certain 2014 through 2017 American Silver Eagles with a “mint mark” indicating where the coin was struck.

Officially, American Silver Eagles during this period were minted at the West Point Mint, and in fact, most American Silver Eagles were in fact struck at that branch. However, due to high demand, the U.S. Mint used the facilities in San Francisco and Philadelphia to augment the production of the West Point Mint.

Until now, the information about how many American Silver Eagles were made in each of the other branches has not been released to the public. Instead, the Mint’s figures officially reflected the total mintage, and listed those mintages as having been produced at West Point.

However, the FOIA documents reveal a method of identifying where a given box of Silver Eagles was minted. Following this method, PCGS will attribute coins from such boxes as having been produced at the branch mint at which it was made.

For example, a Silver Eagle minted in Philadelphia in 2015 would be attributed “2015-(P)”. The mintage figures, and how to identify them, are set forth in the tables below.

 

San Francisco Mint

Year

Mintage

Box #/Identification

2014

7,025,000

Red banding

2015

0

N/A

2016

4,650,000

Various 6 digits starting with 4

2017

3,000,000

Various 6 digits starting with 4

 

Philadelphia Mint

Year

Mintage

Box #/Identification

2014

0

N/A

2015

79,640

Various 5 digits starting with 1

2016

1,151,500

Various 6 digits starting with 5

2017

1,000,000

Various 6 digits starting with 5

 

West Point Mint

Year

Mintage

Box #/Identification

2014

23,450,000

Various 6 digits; All WP started in 1,2, or 3

2015

46,920,500

Various 6 digits; All WP started in 1,2, or 3

2016

31,900,000

Various 6 digits; All WP started in 1,2, or 3

2017

5,425,000

Various 6 digits; All WP started in 1,2, or 3

Owners of Mint-sealed boxes of American Silver Eagles from 2014 to 2017 can find the box number, which is written in black marker, and determine the specific branch mint.

Contact Mark Stephenson (mark@collectors.com) or Daniel Kedem (dkedem@collectors.com) for more information on PCGS Bulk Services, including how to submit bulk quantities of 2014 to 2017 American Silver Eagles.

Founded in 1986 by distinguished numismatic experts, Professional Coin Grading Service is the most respected coin authentication and grading company in the world and has offices in Hong Kong, Shanghai, Paris and the United States. For more information on PCGS and its services, visit www.PCGS.com.  

Editor’s Note: PCGS is continuing to research this matter. Since publishing this press release, PCGS has been alerted to the fact that the FOIA response may be incomplete with respect to the 2015 Philadelphia Silver Eagles; we are pursuing clarification from the U.S. Mint. For up to date information, please contact Mark Stephenson at mark@collectors.com or Daniel Kedem at dkedem@collectors.com.

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$1 million gold Maple Leaf stolen from Bode Museum in Germany

March 27, 2017 in Canadian Coins, Coins, Gold, History, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Royal Canadian Mint, Theft, World Coins

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

Remember Canada’s jaw-dropping, million-dollar gold Maple Leaf? Struck in 2007, the coin weighs 100 kilograms, is .99999 fine, and has a $1 million face value. A little over an inch thick and nearly 21 inches in diameter, it’s worth nearly $4.5 million.The coin, which contains 3,215 troy ounces of gold, was certified by Guinness World Records to be the world’s largest gold coin. According to the Royal Canadian Mint’s website, five have been produced and sold to date.

According to Associated Press, the one housed in the Bode Museum,which is located on Germany’s UNESCO-listed Museum Island, has been stolen…. Full article at the source>

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

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Stack’s Bowers Galleries to showcase important collections in March 2017 Baltimore Auction

March 25, 2017 in Antique Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Conventions, E-commerce, Education, Fun, Gold, Gold Coins, History, Investing, Medals, News, Numismatica, Numismatics, Offers, Opinion, Rare Coins, USA Coins

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

 

Stack’s Bowers Galleries will be offering world-class collections as part of their Official Auction of the Whitman Coins & Collectible Expo next week in Baltimore, Maryland. Anchored by the Blue Moon Collection, Part I, and the collections of Dr. Gordon Shaw and Anthony Bettencourt, this event will showcase fresh, high-quality material that many collectors will be eager to bid on.

The auction begins at 4:00 (ET) on the afternoon of Wednesday, March 29, with Session I, which will feature numismatic Americana, colonial… Full article at the source>

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

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Spain: Tercentenary of the Royal Company of Midshipmen celebrated with new silver coin

March 18, 2017 in Coins, Coins for sale, Collecting, Commemorative, Education, Euro Coins, History, Investing, New Releases, News, Numismatica, Numismatics, Precious Metals, Proof Coins, Silver, Silver Coins, Spain Coins, Spanish Coins, World Coins

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

The Fabrica Nacional Moneda y Timbre FNMT / Real Casa de la Moneda RCM have unveiled their latest silver collector coin, which marks the Tercentenary (300th anniversary) of the Real Compañía de Guardias Marinas (Royal Company of Midshipmen), founded in 1717. The academy was first established in the city of Cadiz by José Patiño y Rosales (1666–1736), Spain’s secretary of state during the reign of King Felipe V, from 1700 to 1746. Initially, the academy was intended to offer scientific/practical instruction to future naval officers, combining an eminently practical British style of training to midshipmen as well as the solidly… Full article at the source>

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

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2017 palladium American Eagle design mock-ups revealed

March 17, 2017 in Blogs, Bullion, Coins, Collecting, Education, History, Investing, Numismatica, Numismatics, Palladium, Palladium Coins, Precious Metals, US Mint, USA Coins

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

Mockup of the proposed design for the 2017 palladium American Eagle coin. (U.S. Mint photo, via Coin World)

Mockup of the proposed design for the 2017 palladium American Eagle coin. (U.S. Mint photo, via Coin World)

In an article by Paul Gilkes, Coin World has shared U.S. Mint mock-ups (shown above) for the 2017 palladium bullion coins. The obverse is an exact and finely detailed rendering of the classic Winged Liberty dime obverse by Adolph A. Weinman. The word LIBERTY encircles the field above the effigy, while IN.GOD / WE.TRUST is placed in the lower left field, the designer’s initials in the lower right field, and the date, 2017, below Liberty’s neck. The matte gray… Full article at the source>

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

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More opportunities for numismatists and employers to connect

March 9, 2017 in Education, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Online Tools, Reference, World Coins

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

Last week, we relayed the announcement by the American Numismatic Association (ANA) that it had formed an online job service to help match numismatic job-seekers with prospective employers. The editor-in-chief of CoinsWeekly, Ursula Kampmann, emailed to let us know about another resource that job-hunters might find useful.

In 2015, the International Numismatic Council (INC) and the International Association of Professional Numismatists (IAPN) decided to launch a platform for online vacancies and applications. As a publication channel they chose the Internet journal MuenzenWoche / CoinsWeekly, which, with its weekly newsletter, aims to build a bridge between university and… Full article at the source>

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

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PNG Accepts Resignation of William Dominick

March 2, 2017 in Clubs and Associations, Collecting, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases

News media contact:
Robert Brueggeman, 951-587-8300

PNG Accepts Resignation of William Dominick

 

(Temecula, California) March 2, 2017 — The Professional Numismatists Guild (www.PNGdealers.org) has accepted the resignation of PNG member-dealer William Dominick of Naples, Florida.  

PNG Executive Director Robert Brueggeman had suspended Dominick pending ratification of the PNG Board of Directors for suspension or expulsion, as per the organization’s bylaws.  

Dominick, who became a PNG member-dealer in 1990 and has been on retired status since 2007, submitted his resignation prior to a vote by the Board, and it was accepted.

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Be Wary of So-Called “Trump Coins,” Cautions Professional Numismatists Guild

January 28, 2017 in Collecting, Education, Investing, Medals, News, Numismatica, Numismatics, Opinion, PNG Professional Numismatists Guild, Press Releases, PSA, Tokens, US Mint

CORRECTED: January 27, 2017
News media contact:
Robert Brueggeman, (917) 587-8300

Be Wary of So-Called “Trump Coins,”
Cautions Professional Numismatists Guild

 

(Temecula, California) – So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild (www.PNGdealers.org).  In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG.

“Buyers today may be bitterly disappointed tomorrow if they mistakenly thought these kinds of souvenir items would be great investments,” stated PNG Executive Director Robert Brueggeman.

The PNG is a nonprofit organization composed of many of the top rare coin and paper money experts in the United States and six other countries.

PNG President Dana Samuelson points out that the United States Mint has not issued any coins or medals depicting President Donald J. Trump.  

“The so-called Trump coins now in the marketplace are either privately issued tokens or medals and not legal tender coins; or are genuine U.S. Mint-produced coins that have been deliberately altered by private parties after they left the Mint; or are coins produced by foreign countries but usually intended only for collectors and not for circulation in those countries,” explained Samuelson.

Some of the “Trump coins” being sold to the public are touted as gold or silver plated, but PNG cautions that can be confusing or misleading to potential buyers.

“The plating may be simply a microscopically thin layer of silver or gold that’s worth only a dollar or two. These should not be considered as investments in precious metals.  These kinds of novelty items often have little or no secondary market value,” stated PNG Executive Director Robert Brueggeman.

PNG officials recommend that buyers and sellers contact members of their Accredited Precious Metals Dealers (APMD) program.  PNG-APMD members must adhere to a strict code of ethics in the buying and selling of coins and precious metals.

Information about APMD, its code of ethics and a directory of accredited dealers can be found at www.APMDdealers.org, or call the Professional Numismatists Guild at (917) 587-8300.

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