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The 1804 $ 1.00 Dexter/Pogue Coin

April 7, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Collector Sets, Conventions, Dollar Coins, Events, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

By: Legend Numismatics Market Reports

Post Baltimore Show

Legend Numismatics did all time record business of $10-$12,000,000.00 starting March the 27th and ending April 7th. We spent about $9,000,000.00 buying and representing people in BOTH Blue Moon and The Pogue Sale. Activity this past week in the office was off the charts and we are still counting it all up! We could have sold 5 1869 $1 PCGS PR64 Cameo CAC (one collector even offered us MORE then the listed price)! For us to do this kind of business, the market has to be strong. What more proof do you need?
Of course the biggest deal… Full article at the source>

Source: Legend Numismatics Market Report

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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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Legend Buys Dexter/Pogue 1804 Dollar From Lipton and Albanese

April 3, 2017 in Coins, Collecting, Collector Sets, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
April 3, 2017

News media contacts:

Laura Sperber, office: 800-743-2646
Kevin Lipton, office 310-712-8118
John Albanese, office 908-781-9101

Legend Buys Dexter/Pogue 1804
Dollar From Lipton and Albanese

Famous coin now part of “Super Collector” Bruce Morelan’s early American dollars set

 

Dexter Pogue 1804 dollar: Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of "Super Collector" Bruce Morelan.  (Photo image courtesy of PCGSCoinFacts.com.)

Dexter Pogue 1804 dollar:
Less than 36 hours after John Albanese and Kevin Lipton were the winning bidders for the Class I Dexter-Pogue 1804 Draped Bust silver dollar, PCGS Proof 65, it was purchased from them by Laura Sperber of Legend Numismatics on behalf of “Super Collector” Bruce Morelan. (Photo image courtesy of PCGSCoinFacts.com.)

(Lincroft, NJ) – The Class I Dexter/Pogue specimen 1804 Draped Bust U.S. silver dollar purchased at auction on Friday night, March 31, 2017, for $3,290,000 jointly by Kevin Lipton of Beverly Hills, California and John Albanese of Bedminster, New Jersey, was sold by them less than 48 hours later.  Graded PCGS Proof 65, it was bought on Sunday afternoon, April 2, 2017, by Laura Sperber of Legend Numismatics in Lincroft, New Jersey on behalf of well-known collector Bruce Morelan, owner of the all-time finest set of early American dollars listed in the PCGS Set Registry®.

“John and I bought the coin (at the Stack’s Bowers auction at the Whitman Baltimore Expo) in a moment of opportunity. We didn’t have any customers for it Friday night; we just thought at $3.3 million that it was the best buy of a high value rare coin in the last 20-plus years,” Lipton explained.

Then the offers started coming in.

“We purchased this coin on spec and were really quite shocked that our book bid of $2.8 million (plus buyer’s fee) was successful.  We both thought it would sell for $4 million or more Friday night.  By Sunday, we had six interested parties who were calling, sending emails and texts wanting to buy the coin from us.  Kevin and I are pleased it’s going to a good home,” said Albanese.

Sperber negotiated the sale on Sunday morning on behalf of Morelan. The purchase price was not disclosed.

“It is a hell of a coin and a hell of a deal for Super Collector Bruce Morelan,” stated Sperber.  “After Friday night’s auction, I suggested we probably need this coin in his early American dollars set. The negotiations with John and Kevin took only a few minutes to work out and everyone involved is happy.”

Morelan also was surprised at the winning bid price for the coin at the auction.

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars.  (Photo by Donn Pearlman.)

Collector Bruce Morelan now is adding the Dexter-Pogue specimen 1804 Draped Bust dollar to his PCGS Set Registry® all-time finest set of early American dollars. (Photo by Donn Pearlman.)

“I was shocked when the coin sold so low.  I’m happy to pick it up for a few incremental bids over that level.  While the coin is not necessary for the circulation strike early dollars set, it certainly is complimentary to my set and collection as a whole,” Morelan said.

Among the world’s most famous rare coins, only 15 1804-dated silver dollars are known today, and eight of them are categorized as Class I, including the Dexter/Pogue specimen.

No silver dollars dated 1804 actually were struck that year.  Researchers believe the surviving Class I examples were made by the United States Mint in the 1830s to be given as diplomatic gifts for a State Department mission to the Far East and Asia. Decades later, Mint employees made a handful of other, similar examples of 1804-dated dollars for collectors.  

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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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ANA launches online job service

March 3, 2017 in ANA (American Numismatic Association), News, Numismatic Societies and Clubs, Numismatica, Numismatics, Online Tools, Press Releases

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

The American Numismatic Association (ANA) announces the launch of its interactive job board focused on providing its members—and the collecting community—with an easy-to-use and highly targeted resource for online numismatic employment connections. The ANA Job Board can be found at www.money.org/job-board.

Both members and non-members from the collecting community can use the ANA Job Board to reach qualified candidates. Posting a job is easy. Employers simply complete the brief form, upload the job description and the job listing will be posted within two business days. Listings are free for all numismatic-related employers through June 30, after which regular rates… 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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Stack’s Bowers Galleries acquires CollectiveCoin.com

February 28, 2017 in Coins, Collecting, News, Numismatica, Numismatics, Online Tools, Press Releases, Rare Coins, Reference, Software, Technology

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

(Santa Ana, California)—Stack’s Bowers Galleries is pleased to announce it has acquired the interactive website CollectiveCoin.com.

CollectiveCoin.com was started in 2014 by Matt Lenore and Nick Baum and is a leading tool for managing coin collections online, allowing collectors to publicly or privately view, manage, and track their numismatic collections seamlessly across all devices. The website also has robust interactive social tools, allowing members to share their collections, to comment on individual coins or collections, and to buy, sell, and trade with other members.

“One of our mission statements is to provide solutions for all our clients’ collecting needs,” stated.. Full article at the source>

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

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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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PNG Calls For 2017 Award Nominations

February 13, 2017 in ANA (American Numismatic Association), Awards, Collecting, Conventions, Events, History, Investing, New Releases, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, USA Coins, World Coins

For immediate release
February 13, 2017

News media contact:
Robert Brueggeman (951) 587-8300

PNG Calls For 2017 Award Nominations

 

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Temecula, California) — Nominations now are being accepted for the 2017 Professional Numismatists Guild (www.PNGdealers.org) awards, according to PNG Executive Director Robert Brueggeman and President Dana Samuelson.

           “Each year the PNG publicly recognizes outstanding achievements in the hobby and the profession by honoring deserving recipients with awards in a half dozen categories.  We cordially welcome and strongly encourage nominations from all collectors and dealers,” said Brueggeman.

           “The award winners will be announced at the annual PNG Day banquet that will be held following the PNG/ANA Numismatic Trade Show in Denver Colorado on July 31, 2017.  That is the eve of the American Numismatic Association’s World’s Fair of Money® (www.worldsfairofmoney.org) convention in Denver,” explained Samuelson.

           Nominations should be made directly to the appropriate award category chair by mid-June.  The categories and contacts are:

Abe Kosoff Founders Award: Presented to a PNG member-dealer with steadfast dedication to the entire numismatic community and who has made a significant contribution to the Guild or to the numismatic fraternity in general the past year.  The award is named after PNG’s Founding President who spearheaded the 1953 launch of the organization.  Committee Chairs: Richard Weaver and Wayde Milas.  Emails: rweaver@dvrcc.com and wmilas@rarecoa.com

           Art Kagin Ambassador Award: This award is named after a former PNG President and nationally-known Iowa dealer who provided distinguished service as an advocate of numismatic goodwill.  Committee Chair: John Maben.  Email: jfmtrading@yahoo.com.

           Significant Contribution Award: Given to those who have made exceptional, beneficial efforts over the years on behalf of PNG and the profession, and added to the hobby.  Committee Chair: James Sego.   Email: jsego@jmscoins.com.

           Lifetime Achievement Award: Presented to a numismatist for his/her extraordinary devotion to numismatics and who, over their lifetime, significantly contributed to the hobby or profession.  Committee Co-Chairs: Dana S. Samuelson and Barry Stuppler.  Emails: dana@amergold.com and barry@stuppler.com.

           Sol Kaplan Award: To recognize efforts and contributions in combatting crimes against the numismatic community, this award is presented to someone who has given their time in an attempt to rid the profession of fraud and thievery. The award is jointly presented by the PNG and the Lewis M. Reagan Foundation.  It is named after a former PNG President and Ohio dealer who was personally responsible for the apprehension of several people suspected of committing numismatic-related crimes.  Committee Chair: Robert Brueggeman.  Email: bob@ppius.com.

           Robert Friedberg Award: Presented to an author in recognition for an outstanding book or other literature.  Named in honor of a publisher and author of numismatic reference books, this award is not automatically given each year.  It is only given when there is deemed to be a worthy recipient or recipients. Committee Chair: James A. Simek.  Email: nge3@comcast.net.  Note: A copy of each book nominated for this year’s award must be submitted for delivery no later than June 16, 2017 to James A. Simek, P.O. Box 7157, Westchester, IL 60154-7157.

   The Professional Numismatists Guild is a nonprofit trade association composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information about the PNG awards, contact Robert Brueggeman, PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email: info@PNGdealers.org. Online: www.PNGdealers.org.

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Learn to be a Professional Numismatist With PNG’s Education and Internship Program

February 8, 2017 in Coins, Collecting, Education, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, USA Coins, World Coins, Young Collectors

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

Learn to be a Professional Numismatist
With PNG’s Education and Internship Program

 

Professional Numismatists Guild logo

Professional Numismatists Guild logo

(Temecula, California, February 8, 2017) – If you’ve thought about turning your hobby into a full-time career, the Professional Numismatists Guild (www.PNGdealers.org) can help.  PNG is accepting applications for its next group of young men and women who want to participate in the Promoting Numismatic Growth Internship Program (http://pngdealers.org/education/png-internship-program).

Since its launch in 2014, the PNG’s internship project has mentored17 prospective professional coin and bank note dealers, providing them with educational courses and hands-on experience working at prominent, PNG member-dealer companies.  

“Even if you don’t want a paid internship, PNG offers its extensive online education courses to anyone interested in learning about numismatics,” explained PNG Executive Director Robert Brueggeman.

“The PNG internship program is intended to help nurture the next generation of young men and women, ages 21 to 32, to become successful professional numismatists. The program includes online instruction about coins, bank notes and the numismatic market followed by a paid internship at a major numismatic company,” said PNG President Dana Samuelson.

Internship candidates who successfully complete a background security check and the education components of the program will have an opportunity for a three to six months paid internship.

“The PNG also continues to offer its extensive online, multi-media internship education and training curriculum from the Edward C. Milas School of Numismatics to anyone who wants to take the classes, not just internship candidates,” said Brueggeman.  “There are two levels of online classes developed in conjunction with the University of Rare Coins designed to give students basic and advanced numismatic knowledge.”

The fee for applying for the internship program is $250 to cover the cost of a security background check and the Level 100 online classes.  The cost for Level 200 intern candidates is an additional $250.  Those who want only the online classes can enroll for a total fee of $300 that includes Levels 100 and 200.

Certificates of Completion will be provided to everyone who successfully passes both levels.

Specific information about the internship program and education courses is available at www.PNGdeales.org under the “Education” navigation link near the top of PNG’s home page.  For additional information, contact the PNG by phone at 951-587-8300 or by email at internship@PNGdealers.org.

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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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PNG 2017 YN Scholarship Competition Announced

January 23, 2017 in ANA (American Numismatic Association), Coins, Collecting, Competition, Education, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Scholarships, Young Collectors

For immediate release
January 23, 2016

News media contact:
Robert Brueggeman for PNG, (951) 587-8300

PNG 2017 YN Scholarship Competition Announced
Professional Numismatists Guild logo

Professional Numismatists Guild logo

 (Temecula, California) — The Professional Numismatists Guild (www.PNGdealers.org) will provide a scholarship to a deserving young numismatist (YN) to attend one of the six-day sessions of the 2017 American Numismatic Association (www.money.org) Summer Seminar in Colorado Springs, Colorado. 

“This is the 13th consecutive year of PNG YN scholarships for the popular, annual ANA educational programs.  The PNG scholarship will cover airfare, tuition for one of the two week-long Summer Seminar sessions, meals and five nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters,” said PNG Executive Director Robert Brueggeman.

            “All young numismatists between the ages of 13 and 22 are eligible to enter and are cordially invited to apply for the scholarship.  Entrants must submit a short essay outlining why they should be chosen as the 2017 scholarship recipient.  The deadline for receipt of the entries is Thursday, April 13, 2017,” explained Brueggeman.

            Entries must include the applicant’s name and contact information. The essays can be sent by email to info@PNGdealers.org or by mail to the PNG Executive Director, 28441 Rancho California Road, Suite 106, Temecula, CA  92590. 

            The two separate 49th Annual ANA Summer Seminar six-day sessions will be held Saturday, June 17, to Thursday, June 22, and from Saturday, June 24, to Thursday, June 29, 2017.  Participants ranging from teenagers to seniors take class instruction on specific coin and paper money collecting topics or the hobby’s technical and business aspects.  Additional information about the ANA Summer Seminar can be found on the ANA website at www.money.org/summer-seminar.

“The PNG’s generous offer to provide a Summer Seminar scholarship to a deserving young numismatist not only supports the ANA mission of providing numismatic education but also invests in the future of numismatics — our YNs,” said ANA Executive Director Kimberly Kiick.  “We’re most appreciative of the Professional Numismatists Guild for their investment in the hobby and their support of the ANA.”

“The money to pay for the annual PNG YN Scholarship is administered from PNG’s Gerald Bauman Memorial Fund.  Bauman, who died in 2001, served for many years as a prominent coin dealer with Manfra, Tordella & Brookes in New York City,” explained PNG President Dana Samuelson.

            The PNG is a nonprofit organization composed of many of the top rare coin and paper money dealers in the United States and six other countries.  PNG member-dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic merchandise.  For additional information about PNG, visit online at www.PNGdealers.org or call (951) 587-8300.

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$10 Million Coin Makes First Public West Coast Appearance

January 16, 2017 in Auctions, Coin Shows, Coins, Collecting, Conventions, Dollar Coins, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins, World Records

For immediate release
January 16, 2017
News media contact:

Steve Sloan, (949) 567-1223

$10 Million Coin Makes First Public West Coast Appearance

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

The 1794 Specimen Dollar from the Bruce Morelan Collection of Early Dollars is one of many highlights of the show.

(Long Beach, California) — The Long Beach Coin, Currency, Stamp & Sports Collectible Expo is set to kick off 2017 with their first show of the year (www.LongBeachExpo.com). From February 16-18, 2017, the show will boast the hobby’s first $10 million coin on display, along with gold coin giveaways, educational opportunities for collectors, and as always, fun activities for kids.

Highlighting the many features of the Long Beach Expo is the display of the Bruce Morelan Collection of Early Dollars (booth 1348), featuring the 1794 Specimen Dollar, better known as the first, and only, coin to reach the $10 million mark at auction.

Compiled over years by famed collector Bruce Morelan, the set features 12 early silver dollars, dating from 1794 to 1803, and includes coins of such pedigree, value and grade that it is considered one of the most remarkable achievements in the annals of American numismatics.

“We are thrilled to have the privilege to showcase this unprecedented set and coin that many believe to be the first dollar struck on U.S. soil. In fact, we encourage visitors to take a picture with the coin, a piece of American history,” said Long Beach Expo President Cassi East.

The 1794 Specimen Dollar will be presented in a walk-through, museum-quality exhibition space, perfect for 360 degree views of the iconic coin.

In addition to hundreds of dealers from throughout the world of collectibles, two key players in the numismatic industry will be on-site. The U.S. Mint will be present, selling the latest commemorative coins at booth 1148, and PCGS will be grading coins and offering special labels for U.S. Mint releases at booth 807.  

“This is a great chance for collectors to get the latest U.S. Mint coins, then get their coins graded and holdered with special labels at the PCGS booth, all at one show. It’s a one-stop show for your collecting needs,” said PCGS President Don Willis.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day.

Each year, the Long Beach Expo gives visitors various educational opportunities throughout the three-day show. For this upcoming show, The National Silver Dollar Roundtable (booth 1148) is offering a free silver dollar seminar on Thursday, February 16 from 2:30 to 4:30 p.m.

The show also gives visitors a chance to meet with a respected numismatist during “Meet the Expert” sessions. PCGS Founder David Hall will conduct the sessions during all three days of the show (booth 807), Thursday, February 16, 1 p.m. to 2 p.m.; Friday, February 17, 1 p.m. to 2 p.m.; and Saturday, February 18, 12 p.m. to 1 p.m.

Aside from educational opportunities and an abundance of collectibles from over 500 dealers, the Long Beach Expo is also fun for kids. Be sure to bring your kids by Saturday, February 18 to partake in our Treasure Hunt, where they have the chance to earn up to three PCGS-certified coins, Pokémon cards and a goodie bag,” said East.

Attendees have three chances to win ½ ounce Gold Eagle coins by way of a prize drawing each day. Winners will be drawn at 1 p.m. each day of the show. Simply sign up for free at the registration booth.

The official auctioneer of Long Beach Expo, Heritage Auctions, will hold their Signature U.S. Coin Auction from Wednesday, February 15 to Friday, February 17.

For those locating their coins via the CoinSearch (m.collectorscorner.com), look for listings five to seven days before show day.

Free admission is available to the Long Beach Expo with promo code EXPOPR. Go to www.LongBeachExpo.com and click on the “GET PASSES” button.

The Long Beach Expo will take place February 16-18, 2017, at the Long Beach Convention Center. 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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“Trump Effect” Lifts 2016 U.S. Rare Coin Market, Reports Professional Numismatists Guild

December 27, 2016 in Clubs and Associations, Coins, Collecting, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, PNG Professional Numismatists Guild, Press Releases, Rare Coins, USA Coins

For immediate release
December 27, 2016

News media contact:
Donn Pearlman, for Professional Numismatists Guild
(702) 868-5777 Donn.Pearlman@gmail.com

“Trump Effect” Lifts 2016 U.S. Rare Coin
Market, Reports Professional Numismatists Guild

(Temecula, California) – The optimism that disposable income may increase with the election of Donald Trump lifted the United States rare coin market in the last two months of 2016, according to the Professional Numismatists Guild (www.PNGdealers.org). The PNG, a non-profit organization composed of many of the country’s top rare coin and paper money experts, conducts an annual compilation of results of major auctions of U.S. rare coins.

“After several years of higher prices and the spectacular sales of several legendary coin collections, the U.S. rare coin market softened in 2016. But after the November elections, there was a notable increase in demand for high-quality rare coins, including those priced at $100,000 or more,” said PNG President Dana Samuelson.

The aggregate prices realized for U.S. coins sold at major public auctions in 2016 totaled $341,815,542. The totals were $439 million in 2015; $536 million in 2014; and $393 million in 2013. One firm, Heritage Auctions, accounted for $192 million of the 2016 total. All totals include the buyer’s premium to reflect the actual, full prices paid by winning bidders.

“In our annual survey of major numismatic auction firms, the consensus estimate is that the overall U.S. rare coin market for auctions and direct sales in 2016 was about $4 billion, not including bullion coins, such as gold, silver or platinum American Eagles, and not including sales by the United States Mint,” explained Samuelson.

“Over the decades the U.S. rare coin market moves in cycles, and the long-term trend is up. We believe 2017 will be an opportunity for astute collectors to be buying,” said Robert Brueggeman, PNG Executive Director.

There were four coins that sold for $1 million or more at auction in 2016 compared to a record-setting 17 during 2015. A fifth coin crossed the million dollar mark in a private sale in late 2016, and although the purchase price was not disclosed, it was reported the coin is insured for $8 million for a planned public display in early 2017.

The four million-dollar coins sold at public auction in 2016 are:
1894 San Francisco silver dime, graded PCGS Proof 66, $1,997,500, sold by Heritage Auctions.
1879 Quintuple Stella (pattern $20 denomination gold coin), PCGS Proof 64 Deep Cameo, $1,888,000, sold by Legend Rare Coin Auctions.
1833 Caped Head Left, Large Date Half Eagle ($5 denomination gold coin), PCGS Proof 67, $1,351,250, sold by Stack’s Bowers Galleries.
1795 Draped Bust silver dollar, PCGS Specimen 66, $1,057,500, sold by Stack’s Bowers Galleries.
The auction firms that responded to the PNG survey are: Bonham’s; Ira & Larry Goldberg Auctioneers; GreatCollections Coin Auctions; Heritage Auctions; David Lawrence Rare Coins; Legend Rare Coin Auctions; Scotsman Coin & Jewelry; and Stack’s Bowers Galleries.

The Professional Numismatists Guild was founded in 1955. PNG member-dealers must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.

For a copy of “The Pleasure of Numismatics,” an informative, ten-page illustrated educational booklet about collecting rare coins, paper money, tokens and medals, send $1 to: Professional Numismatists Guild, 28441 Rancho California Road, Suite 106, Temecula, California 92590.

For additional information about the PNG and a complete list of member-dealers, visit online at www.PNGdealers.org or call the PNG headquarters in Temecula, California at (951) 587-8300.

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Free Book, 100 Greatest U.S. Coins, With New Or Renewed ANA Membership Via Rare Coin Wholesalers

November 1, 2016 in ANA (American Numismatic Association), Antique Coins, Books, Coins, Collecting, Education, Gold, Gold Coins, History, News, Numismatica, Numismatics, Offers, Opinion, Press Releases, Rare Coins, USA Coins

For immediate release
November 1, 2016

News media contact:
Michael Contursi, (949) 679-1222

Free Book, 100 Greatest U.S. Coins, With New Or
Renewed ANA Membership Via Rare Coin Wholesalers

 

100 Greatest U.S. Coins, 4th Edition

100 Greatest U.S. Coins, 4th Edition

(Irvine, California) – A free copy of the latest edition of the award-winning book, 100 Greatest U.S. Coins, will be sent to anyone who submits an American Numismatic Association (ANA) new member or membership renewal through Rare Coin Wholesalers (RCW) before the end of the year.  The promotion is a joint project between RCW and the ANA, the world’s largest organization devoted to collectors of coins, paper money, tokens and medals.

“For each new or renewal ANA application we process now through December 31, 2016, we’ll send the applicant a complimentary copy of the just-published 100 Greatest U.S. Coins, 4th Edition by Jeff Garrett with Ron Guth,” said Michael Contursi, President of Rare Coin Wholesalers (www.RCW1.com) in Irvine, California.

“It’s an impressive, ‘coffee table’ reference book with superb, full-color photographs of 100 of America’s greatest numismatic treasures.  This book is an informative update to the earlier editions that were named Best Book by the Numismatic Literary Guild, and usually sells for about $30,” explained Contursi.

New member ANA applications and renewals can be conveniently submitted online at www.rarecoinwholesalers.com/ana-membership,

“Why is RCW doing this? First, we strongly support the educational mission of the ANA, the ANA’s promotion of coin collecting and the many benefits ANA members enjoy. The author of this excellent, Whitman Publishing book, Jeff Garrett, is the current ANA President and, we support his efforts to grow the association,” explained Contursi.  

“Second, many of the coins depicted and discussed in the book are coins RCW has owned and exhibited at the ANA Money Museum, such as the finest known 1794 silver dollar – the world’s most valuable rare coin and believed by many experts to be the very first silver dollar ever made by the United States Mint — or we assisted collectors in acquiring the kinds of coins featured in the book for their own collections,” said Contursi.

“Finally, our family has grown our business to the next generation, similar to many of our collector/investor clients and colleagues, and we strongly encourage educating and advising the future stewards of numismatics for many generations,” stated Contursi.

“It is my goal to increase membership of the American Numismatic Association by at least 5,000 members in the next few years.   I applaud the team at Rare Coin Wholesalers for being strong partners with the ANA over the years and their continuing support of the association’s education mission,” stated ANA President Garrett.  

By participating in this promotion, applicant’s information will be provided to RCW for fulfillment.  In addition to receiving the free book, everyone applying to join the ANA or renew through this promotion will receive additional information from RCW including useful personal finance commentaries prepared exclusively for RCW by noted economist, Scott Sumner, Ph.D.  The Atlantic magazine described Dr. Sumner as “the blogger who saved the economy.”  He is Director of the Program on Monetary Policy at the Mercatus Center at George Mason University in Arlington, Virginia and is Professor Emeritus of Economics at Bentley University in Waltham, Massachusetts

For additional information, contact Rare Coin Wholesalers toll free at (800) 347-3250 or online at www.rarecoinwholesalers.com/ana-membership.

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$1 Million of Recently Recovered 1715 Fleet Shipwreck Coins Coming To Market

October 10, 2016 in Ancient Coins, Coins, Coins for sale, Collecting, Collector Sets, Gold, Gold Coins, History, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, Precious Metals, Press Releases, Rare Coins, Treasure, World Coins

For immediate release
October 8, 2016

News media contact:
John Albanese, (908) 781-9101

$1 Million of Recently Recovered 1715
Fleet Shipwreck Coins Coming To Market

Close up of the obverse a 1694 - 1713 Charles II type gold 2 escudos struck in Colombia, one of the 1715 Plate Fleet Spanish colonial coins recovered on July 31, 2015, the 300th anniversary of the hurricane that sank all but one ship.<br /> Photo credit: NGC

Close up of the obverse a 1694 – 1713 Charles II type gold 2 escudos struck in Colombia, one of the 1715 Plate Fleet Spanish colonial coins recovered on July 31, 2015, the 300th anniversary of the hurricane that sank all but one ship.
Photo credit: NGC

Sunken Spanish colonial gold treasure coins discovered during 300th anniversary of fleet’s demise to be offered for the first time.

More than 200 sunken treasure gold coins from the legendary Spanish 1715 Plate Fleet, recovered during last year’s 300th anniversary of the Atlantic Ocean hurricane that sank 11 of the fleet’s 12 ships, are now coming into the numismatic marketplace for the first time along with coins found on previous expeditions.  

The discovery of the latest trove by the historic shipwreck recovery company, 1715 Fleet-Queens Jewels, LLC (www.1715treasurefleet.com), occurred on July 31, 2015, exactly 300 years to the day of the fleet’s sinking.  The treasure was found in only 6 feet of water just a hundred feet from the beach in Vero Beach, Florida, and this amazing find generated international headlines.

The coins range in denomination from one escudo to eight escudos.  They were struck in Colombia, Mexico and Peru and are dated in the era between 1692 and 1715 during the reigns of Spanish Kings Charles II and Philip V.  

“These historic treasure fleet gold pieces have been examined, authenticated and graded by Numismatic Guaranty Corporation (www.NGCcoin.com).  All but five are Mint State, and one recovered treasure coin is graded NGC MS 66,” said John Albanese of Bedminster, New Jersey, the dealer who brokered the deal to acquire the never-before offered coins.

Highlights include a 1712 Peru 8 escudos of Philip V, graded NGC MS 64; a 1711 Peru LM  2 escudos of Philip V Peru, NGC MS 66; and a 1699 Colombia 2 escudos of Charles II, NGC MS 64, that was discovered by 1715 Fleet-Queens Jewels inside a recovered bronze cannon.

Blanchard and Company (www.BlanchardGold.com) and Monaco Rare Coins (www.MonacoRareCoins.com) are the primary dealerships that will be selling the coins.

“In addition to the 224 coins discovered in 2015 by 1715 Fleet-Queens Jewels there are 71 shipwreck coins from the 1715 Fleet found during their two earlier underwater expeditions in 2010 and 2013 that now will also be available to collectors for the first time.  There even are coins they discovered inside a ship’s cannon!,” explained Albanese.

“The combined estimated market value of the 295 treasure coins is more than $1 million,” said Albanese.

1715 Fleet-Queens Jewels is a group of Florida based shipwreck salvors who have focused their attention since 2010 on the exploration and recovery of the famous Spanish treasure fleets convoy.

Close up of the reverse of a 1694 - 1713 Charles II type gold 2 escudos struck in Colombia, one of the 1715 Plate Fleet Spanish colonial coins recovered on July 31, 2015, the 300th anniversary of the hurricane that sank all but one ship.<br /> Photo credit: NGC

Close up of the reverse of a 1694 – 1713 Charles II type gold 2 escudos struck in Colombia, one of the 1715 Plate Fleet Spanish colonial coins recovered on July 31, 2015, the 300th anniversary of the hurricane that sank all but one ship.

Photo credit: NGC

“Our goal is to bring the amazing story of the 1715 Plate Fleet to the public.  We hope the recovery of these incredibly rare artifacts will help educate people about Spanish colonization of the New World and life on the high seas in 1715,” stated Brent Brisben, 1715 Fleet-Queens Jewels Co-Founder and Operations Manager

“The discovery of gold and silver coins in sunken cannon in 2010 was an amazing recovery.  For decades, treasure hunters have told tales of treasure hidden inside of cannons, but our recovery was the first time the tale was ever validated. We recovered a 3½ foot bronze rail gun, the first bronze rail/swivel cannon ever recovered from the 1715 Fleet.  We discovered 50 gold and 40 silver coins in the breech of the cannon,” explained Brisben.

Brisben’s great-great-great grandfather, Daniel Beaver, died in another famous shipwreck, the fabled “ship of gold,” the S.S. Central America, that sank off the South Carolina coast in a hurricane in September 1857 while carrying tons of California Gold Rush coins and gold bars to New York City.

NGC has created special insert labels for the 1715 Fleet coins, including a special designation for the coins recovered from the cannon.

“Coinage of the 1715 Fleet offers up rare riches, providing researchers a unique opportunity to study the trade and transport of the day and gives collectors the chance to acquire a high-grade example of a coin from the golden shipwreck treasure of lore. A quantity of uncirculated Spanish gold coins such as this simply does not exist outside of a shipwreck discovery,” stated NGC Chairman Mark Salzberg.

“NGC worked directly with the recovery group to not only preserve the important provenance of these coins, but also the story of their individual recovery. For the first time, specific dive missions and finds are referenced on the NGC certification label,” said Salzberg.

In addition to the NGC encapsulation, each coin will be accompanied by a certificate of authenticity signed by Brisben, along with the original, numbered archeological tag that was used by the expedition crew to denote each item as it was discovered and recovered.  The unique tag number is indicated on the certificate of authenticity for each coin.

The fabled 1715 Fleet convoy of 12 ships loaded with New World treasure set sail from Havana, Cuba to Spain on July 24, 1715.  In the early morning hours of July 31 a fierce hurricane sank all the ships except one off the eastern coast of Florida.  More than a thousand people were killed in the storm and resulting shipwrecks.  

On July 31, 2015, the 300th anniversary of that historic day, 1715 Fleet-Queens Jewels recovered 350 gold coins, including nine extremely rare Royals.  Some of the coins were given by the company to its crew-members and subcontractors as their share of the recoveries, and all the large Royals presentation pieces were privately sold earlier this year to anonymous collectors for an average of $275,000 a piece.

“We have owned the exclusive salvage rights to the 1715 Fleet since 2010. We have never previously sold a single gold coin from our recoveries,” said Brisben.  “The story of the fleet is an amazing tale which really provides the fascination with these coins.”

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Professor’s 1979 Chemistry Nobel Prize Gold Medal Offered By Heritage Auctions

October 6, 2016 in Collecting, Events, Exunumia, Gold, History, Investing, Medals, News, Numismatica, Numismatics, Offers, Precious Metals, Press Releases, Science

For immediate release
October 6, 2016

News media contact:
Eric Bradley (214) 409-1871  ericb@ha.com

Professor’s 1979 Chemistry Nobel Prize

Gold Medal Offered By Heritage Auctions

Nobel Prize medal presented to chemist Georg Wittig for 1954 discovery of “The Wittig Reaction” is accompanied in October 19, 2016 auction by four other prestigious medals awarded to the noted German researcher and educator.

Prof. Georg Wittig's 1979 Nobel Prize gold medal for chemistry

Prof. Georg Wittig’s 1979 Nobel Prize gold medal for chemistry

(Dallas, Texas) – The historic 1979 Nobel Prize gold medal for chemistry awarded to Professor Georg Wittig (1897 – 1987) of Germany will be offered by Heritage Auctions (www.HA.com) on October 19, 2016 as part of Heritage’s two-day Historical Manuscripts Grand Format Auction.  Four other gold medals awarded over the years to Prof. Wittig are also being offered together with the large, 22 carat Nobel Prize medal.

“Dr. Georg Wittig was a distinguished researcher, author and educator who received the 1972 Nobel Prize for Chemistry for his 1954 discovery of what is now known as The Wittig Reaction, a process of regulating the regrouping of atoms in a molecule,” said Cristiano Bierrenbach, Heritage’s Executive Vice President of International Numismatics.  

“Professor Wittig’s work along with Nobel Prize co-recipient Herbert C. Brown made it possible to mass produce hundreds of important drugs, such as the arthritis medicine hydrocortisone, as well as mass produce industrial chemicals that would otherwise be prohibitively expensive,” Bierrenbach explained.

The Nobel Prize medal, designed by Swedish artist Erik Lindberg, measures 6.5 centimeters in diameter (approximately 2.5 inches) and weighs 204.0 grams (approximately 7.2 ounces).  Struck in 22 carat gold, it features female allegories of Science and Nature, with Wittig’s name and the year of the award engraved beneath. The front side features the likeness of Alfred Nobel with the dates of his birth, 1833, and death, 1896, in Roman numerals.

The medal is housed in the original presentation case received by Prof. Wittig in  1972.

The four other medals received by Prof. Wittig and accompanying the Nobel Prize medal in the auction are:

  • The Paul Karrer Award 22 carat, 97.7 grams, two inches in diameter gold medal presented in 1973 by Universitat Zurich.
  • The 14 carat, 123 grams, 2.25 inches gold medal Otto Hahn Prize for Chemistry and Physics awarded in 1967, and is considered the highest German award for outstanding scientific achievements.
  • The Roger Adams Medal given by the American Chemical Society in 1973. It is cast in 10 carat gold, weighs 258.9 grams, and is three inches in diameter.
  • The Adolf Von Baeyer medal awarded in 1953 to Prof. Wittig.  It is gold-plated, weighs 83.3 grams and is two inches in diameter.
Prof. Georg Wittig's 1979 Nobel Prize gold medal for chemistry

Prof. Georg Wittig’s 1979 Nobel Prize gold medal for chemistry

Full descriptions of all the medals are available online at: https://historical.ha.com/itm/miscellaneous/georg-wittig-nobel-prize-medal-in-chemistry-received-in-1979-together-with-four-additional-medals/p/6165-67001.s?ic5=CatalogHome-FeaturedItems-071515.

“Most of Dr. Wittig’s scientific work, including that which won him the Nobel Prize, was conducted during his years at the University of Tübingen. He was known as a meticulous teacher who set very high standards for his students, and he established a productive research group of young, promising scientists,” said Bierrenbach.

Prof. Wittig died on August 26, 1987, just a few weeks after his 90th birthday.

For additional information about the medal or other items offered in this auction, contact Heritage Auctions at (877) 437-4824 or visit online at www.HA.com.

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Why Governments and Banks Want to Eliminate Cash, Explained By Noted Economist Dr. Scott Sumner

September 29, 2016 in Coins, Currency, Education, History, Investing, News, Numismatica, Numismatics, Opinion, Press Releases, World Coins

September 29, 2016

News media contact:
Michael Contursi, President of RCW Financial, at 949-679-1222

Why Governments and Banks Want to Eliminate
Cash, Explained By Noted Economist Dr. Scott Sumner

Summary:

In a commentary prepared for RCW Financial, economist Dr. Scott Sumner explains why governments and banks are eager to discourage the use of cash, and the resulting potential loss of anonymity and future negative interest rates.

      (Irvine, California) — Governments and banks are discouraging the use of cash, but a problem with a cashless society is a loss of privacy, explains Dr. Scott Sumner, Professor Emeritus of Economics at Bentley University.  He points out that Sweden already is moving toward eliminating all coins and paper money, and Italy and Canada are beginning to discourage the use of cash.

Dr. Sumner predicts the elimination of cash would make it easier for governments to impose negative interest rates and could lead to increases in values for gold and alternative currency, such as the Bitcoin.

      In a commentary prepared on behalf of RCW Financial of Irvine, California (www.rcwfinancial.com) and entitled, “Why Governments & Banks Want To Eliminate Your Cash,” Dr. Sumner wrote about the irony of the push for a cashless society at a time when there are billions of U.S. dollars in circulation.

“Surprisingly, despite the increasing use of credit cards, cash holdings are about 8% of Gross Domestic Product, which is actually a larger share of the US economy than a decade ago, indeed even larger than 90 years ago.  The amount of cash in circulation (paper currency and coins) is roughly $4500 for every man, women and child in America. It is believed that roughly half that total is held overseas, but even $2000 per person would be a surprisingly large figure, far higher than people admit to in government surveys.  Ironically, it is this increasing popularity of cash holdings that helps explain why governments are so anxious to discourage the use of cash,” wrote Dr. Sumner.

      He pointed out that until a few years ago, most economists thought negative interest rates were virtually impossible, but that now is reality in some European countries and Japan.

      Another implication of a cashless society is the loss of privacy.

“The anonymity of cash is what makes it appealing to many people, but it’s also what makes it increasingly unpopular with governments.  They see cash as a way of evading taxes, as well as facilitating drug dealing and other nefarious activities such as terrorism…. But regardless of how you feel about privacy, this seems to be the direction the world is moving,” Dr. Sumner stated.

He concluded: “The removal of cash would not have a major impact on the overall economy.  It would slightly increase the government’s ability to collect taxes, and it would somewhat increase the effectiveness of monetary policy during recessions.  Banks would benefit from increased use of credit cards.  For investors, it might lead to an increased demand for cash substitutes, such as Bitcoin and precious metals, pushing their price higher.”

The entire 1,700 word commentary is available free online at www.rcwfinancial.com/cashless-society.  

About Scott Sumner, Ph.D.:

Economist Scott Sumner, Ph.D

Economist Scott Sumner, Ph.D

Dr. Scott Sumner studied economics at the University of Wisconsin and received a PhD from the University of Chicago. He has done extensive research on the role of the gold standard in the Great Depression and is Professor Emeritus of Economics at Bentley University in Waltham, Massachusetts, where he has taught since 1982. Dr. Sumner received national recognition in 2012 as one of the “Top 100 Global Thinkers” by ForeignPolicy.com and was named “The Blogger Who Saved the Economy” by The Atlantic magazine.

About RCW Financial:

      RCW Financial of Irvine, California provides estate planning and wealth preservation services focused on the acquisition of the most popular and exclusive numismatic rarities.  For additional information, visit online at www.rcwfinancial.com, call Michael Contursi, President of RCW Financial, at 949-679-1222, or email at info@rcw1.com.

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New Edition of Whitman’s Guide Book of Morgan Silver Dollars Reveals Previously Unknown 1964 Morgan Dollar

August 30, 2016 in Antique Coins, Coins, Collecting, Education, History, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Precious Metals, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

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

downloadSMALL

(Atlanta, Georgia) — Whitman Publishing announces the release of the new fifth edition of A Guide Book of Morgan Silver Dollars, by Q. David Bowers. The 304-page book will be available from booksellers and hobby shops nationwide on September 27, 2016, for $19.95. Before then it is available for preorder (including online at www.Whitman.com).

The pricing, text, and certified population data in the fifth edition have been edited and updated. New research covers counterfeit error coins and other topics, including a numismatic bombshell: recent discoveries and photographs revealing the previously unknown 1964 Morgan silver dollar.

“The world of…Full article at the source>

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

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Mike Fuljenz Honored With Crime Fighting And Writing Awards At World’s Fair of Money

August 13, 2016 in ANA (American Numismatic Association), Awards, Collecting, Conventions, Education, Entertainment, Events, History, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Prize Winners

For immediate release

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

Mike Fuljenz Honored With Crime Fighting
And Writing Awards At World’s Fair of Money

Michael Fuljenz with two of the numerous awards he received at the 2016 World's Fair of Money.

Michael Fuljenz with two of the numerous awards he received at the 2016 World’s Fair of Money.

(Anaheim, California) – Top awards for consumer protection crime-fighting efforts and outstanding numismatic writing were presented to Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas, at the 2016 American Numismatic Association World’s Fair of Money.  

He received four prestigious honors from two influential organizations, the Professional Numismatists Guild (PNG) and the (NLG) Numismatic Literary Guild, during awards ceremonies conducted in Anaheim, California, August 8 through 12.

The PNG presented Fuljenz the Sol Kaplan Award for efforts in combatting crimes against the numismatic community and the NLG honored him with three awards for writing, broadcasting and his strong support of the hobby. The PNG is a nonprofit organization composed of many of the country’s top rare coin and currency experts, and the NLG is a nonprofit organization composed of prominent editors and writers in the numismatic community.

Fuljenz along with co-winners of the PNG’s Kaplan award, former Police Chief Doug Davis and investigative journalist Jerry Jordan, jointly worked for nine months to provide valuable assistance to law enforcement agencies in four states that helped detectives coordinate their investigations into a series of numismatic-related crimes.

Their persistent work successfully led to the arrests earlier this year of three suspected con artists who allegedly targeted elderly victims and their coin collections in California, Colorado, New York and Texas. Fuljenz assisted one of the victims get back the $84,000 he spent on purchasing counterfeit gold American Eagles from two of the suspects.

Davis, the City Manager and former Police Chief of Pantego, Texas, is Founder and President of the Numismatic Crime Information Center (www.NumismaticCrimes.org).  Jordan is Editor of SETinvesigates.com, an online investigative news organization in Southeast Texas.

The winners of the prestigious Professional Numismatists Guild's 2016 Sol Kaplan Award for fighting numismatic-related crimes, (left to right) Jerry Jordan, Michael Fuljenz and Doug Davis.

The winners of the prestigious Professional Numismatists Guild’s 2016 Sol Kaplan Award for fighting numismatic-related crimes, (left to right) Jerry Jordan, Michael Fuljenz and Doug Davis.

Fuljenz won a Best Article award for his informative story, “Treasury Moves to Redesign $10 Bill, Add Portrait of an American Woman,” published in The Examiner newspaper in his hometown of Beaumont. He also received a Best Radio Report award for his weekly broadcasts, “The Coin Show,” on KLVI 560 radio in Beaumont, and was named recipient of the NLG’s 2016 “Ribbit” Award for his service to the hobby and the Numismatic Literary Guild.  Since 1986, he has been honored with more than 60 awards from the organization.

Fuljenz also was a featured speaker at the World’s Fair of Money, presenting an educational lecture about the history of the national motto, In God We Trust, and the ongoing efforts to defend it against lawsuits that seek to remove the familiar motto from American’s currency and public buildings.

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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Revamped PNG Website Adds NGC Price Guide

August 1, 2016 in Antique Coins, Clubs and Associations, Coins, Collecting, Education, Investing, News, NGC (Numismatic Guaranty Corporation ), Numismatic Societies and Clubs, Numismatica, Numismatics, Online Tools, PNG Professional Numismatists Guild, Press Releases, Reference, USA Coins

For immediate release
August 1, 2016

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

Revamped PNG Website Adds NGC Price Guide

New PNG Home Page

New PNG Home Page

(Temecula, California) – The Professional Numismatists Guild (www.PNGdealers.org) has revamped its website so that collectors now can conveniently find on one site the current retail values of U.S. coins as well as easily locate knowledgeable, reputable rare coin and banknote dealers.  The PNG website also has now been optimized for easy use on mobile devices.

The PNG is a nonprofit organization founded in 1955 and composed today of many of the top dealers in the United States and around the world who must adhere to a strict code of ethics in the buying and selling of numismatic merchandise.  PNG’s revamped website now provides expanded resources to collectors, dealers and the general public.  

“In addition to streamlining the ‘Find PNG Dealers’ feature, we now have a prominent link to the extensive Numismatic Guaranty Corporation (NGC) online price guide that lists more than 100,000 prices for various U.S. coins in different grades,” said PNG Executive Director Robert Brueggeman.  

“NGC is the world’s largest rare coin authentication and grading service, and is the official certification service of PNG.  Their price guide is an authoritative reference for the current values of NGC-certified coins.  So, on one website you can conveniently and quickly get current prices and locate dealers who specialize in buying and selling those coins,” stated PNG President Dana Samuelson.

PNG also plans to add useful “how to” videos to the website to provide useful consumer education and investor protection information.

“Our revised website also offers a link for doing business with members of the PNG Accredited Precious Metals Dealer (APMD) program.  AMPD dealers specialize in buying and selling silver, gold, platinum and palladium bullion coins and ingots.  The APMD website (www.APMDdealers.org) now features current spot prices for precious metals and the top 10 most popular bullion items as well as charts of historical bullion prices,” said Brueggeman.

The NGC Price Guide currently lists values for 125,000 U.S. coins, and can be accessed from desktop computers, tablets and smart phones.

“The NGC U.S. Coin Price Guide features 11 years of historical pricing data with the ability to chart changes in a coin’s value over time and compare historical values for multiple coins. There are two full time analysts, both with decades of coin pricing experience, updating pricing every day in the NGC U.S. Coin Price Guide,” explained NGC Vice President of Sales and Marketing Max Spiegel.

For additional information about the PNG, contact the Professional Numismatists Guild by phone at (951) 587-8300 or by email at info@PNGdealers.org.

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Newly Discovered, Unique Dual-Plugged 1795 Silver Dollar To Be Offered by Heritage Auctions

July 18, 2016 in ANA (American Numismatic Association), Antique Coins, Auctions, Coins, Coins for sale, Collecting, Collector Sets, Dollar Coins, Education, History, News, NGC (Numismatic Guaranty Corporation ), Numismatica, Numismatics, Press Releases, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

For immediate release
July 18, 2016

News media contact:
Eric Bradley, Heritage Auctions Public Relations Associate
214-409-1871; Ericb@ha.com

Newly Discovered, Unique Dual-Plugged 1795
Silver Dollar To Be Offered by Heritage Auctions

Authenticated by NGC, this discovery coin will be featured in the Heritage Platinum Night Auction at the ANA Anaheim World’s Fair of Money, August 10, 2016

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016. Photo credit: Heritage Auctions www.HA.com

The first known 1795 Flowing Hair silver dollar with two inserted plugs has been authenticated by NGC and will be offered by Heritage Auctions on August 10, 2016.
Photo credit: Heritage Auctions www.HA.com

A first-of-its-kind, recently discovered 1795 U.S. Flowing Hair silver dollar (http://coins.ha.com/itm/early-dollars/silver-and-related-dollars/1795-1-flowing-hair-three-leaves-two-mint-silver-plugs-b-5-bb-27-r1-au53-ngc/p/1238-101028.s?ic4=ListView-ShortDescription-071515) with two separate “plugs” has been authenticated by Numismatic Guaranty Corporation (www.NGCcoin.com) and will be a featured highlight of the Heritage Auctions (www.HA.com) Platinum Night auction at the American Numismatic Association 2016 Anaheim World’s Fair of Money, August 10.

“Many 1795 silver dollars, along with a single 1794 dollar and a small number of 1795 half dollars, show evidence of a Mint-inserted plug, apparently to achieve a correct weight for the planchet prior to striking.  Today, for the first time, we have a 1795 Flowing Hair dollar that has two Mint-inserted silver plugs, one at the center of the obverse and the other at the lower reverse,” said Mark Borckardt, Heritage Senior Cataloger.

“Each of the two plugs has a diameter of about 4 millimeters.  The obverse plug is located on Liberty’s neck, tangent to the jaw line which appears through the plug.  The reverse plug is located between the ribbon ends,” he explained.

The coin has been certified and graded NGC AU53 and is designated as 1795 dollar Flowing Hair, Three Leaves variety B-5, BB-27, R-1.

“Most numismatic researchers today agree that silver plugs were added to adjust the weight of the planchets.  While we don’t know the exact process used at the Philadelphia Mint in 1795, we assume an underweight planchet was pierced and a silver pin fastened to the planchet by means of smooth ‘dies’ in a screw press.  Apparently, the first plug on this coin was not enough to bring up the weight to the standard level of 26.96 grams, so a second plug was inserted,” said Borckardt.

The weight of the dual-plugged coin is 26.98 grams.

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse. Photo credit: Heritage Auctions www.HA.com

Close up photos show the plugs on the unique 1795 dual-plugged silver dollar on Liberty’s neck on the obverse and between the ribbon ends on the reverse.
Photo credit: Heritage Auctions www.HA.com

The consignor of the discovery coin wants to remain anonymous, and no information is available at this time about the coin’s earlier provenance.

“This unique early American coin provides insight into the early years of the United States Mint.  Its discovery 221 years after its production makes us eagerly anticipate what other numismatic treasures are still waiting to be found,” said Borckardt.

Heritage Auctions is the largest auction house founded in the United States and the world’s third largest, with annual sales of more than $900 million, and 950,000+ online bidder members. For more information about Heritage Auctions, and to join and receive access to a complete record of prices realized, with full-color, enlargeable photos of each lot, please visit HA.com.

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David Sundman Receives ANA’s Harry J. Forman Dealer of the Year Award

July 14, 2016 in ANA (American Numismatic Association), Awards, Clubs and Associations, Coin Dealers, Coins, Collecting, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Prize Winners, USA Coins, World Coins

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

Sundman_portraitSMALL

The American Numismatic Association has shared the following press release:

Tuesday, July 12, 2016—David Sundman, president of Littleton Coin Company in Littleton, NH, is the 2016 recipient of the American Numismatic Association’s Harry J. Forman Dealer of the Year Award. The award honors a professional numismatist who shows uncommon dedication to strengthening the hobby and the Association and displays exemplary ethical standards as a numismatic dealer.

Unlike many numismatists, David Sundman grew up with a mail-order stamp and coin business, which was founded by his parents, Maynard and Fannie. By age five, David was sorting bags of Indian Head cents… Full article at the source>

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

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2016 ANA Young Numismatist Literary Award Winners Announced

July 13, 2016 in ANA (American Numismatic Association), Awards, Collecting, Competition, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Press Releases, Prize Winners, Young Collectors

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

bothWIDe

Whitman Publishing has shared the following press release:

Each year the American Numismatic Association recognizes young writers through the Young Numismatist Literary Awards, funded by Whitman Publishing. Awards of up to $1,000 are given in three age groups named after Whitman authors and longtime hobby leaders Bill Fivaz (entrants aged 8–12), Q. David Bowers (ages 13–17), and Kenneth Bressett (ages 18–22).

First-place winners receive a $500 cash prize and a $500 voucher to build a personal library of numismatic books from Whitman Publishing. Second place receives a certificate and a book voucher for $200. Third place receives a… Full article at the source>

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

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Stack’s Bowers Announces World & Ancient Coins Auction for 2016 World’s Fair of Money

July 7, 2016 in Ancient Coins, Auctions, Coin Shows, Coins, Coins for sale, Collecting, Events, History, Investing, News, Numismatica, Numismatics, Press Releases, Rare Coins, World Coins

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

Copyright StacksBowers Galleries

Syracuse 100 Litrae of Agathocles (Copyright Stack’s Bowers Galleries).

Stack’s Bowers has shared the following press release:

 

SANTA ANA, CA. — Stack’s Bowers Galleries is pleased to announce details of their upcoming World Coin, Ancient Coin & World Paper Money Auction, to be held in conjunction with the 2016 ANA World’s Fair of Money between August 9 and 13. The sale will be held at the Anaheim Convention Center, located at 800 West Katella Avenue in Anaheim, California.

The Ancient Coin and World Coin sale will be split between two days, with Session A commencing on Wednesday morning August 10, at 9:00 AM Full article at the source>

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

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