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LeRoy Transfield discusses designing WWI Commemorative

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

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

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

Source: Coin Collectors Blog (CoinsBlog.ws)

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Diehl & Moy endorse change

October 18, 2017 in Blogs, Cents, Coins, Collecting, Dollar Coins, Education, History, News, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

Could the recent cyber attacks and growing severity of cybersecurity issues become the motivation for Congress to vote to reform United States currency? According to Philip Diehl and Edmund Moy, former Directors of the U.S. Mint, the discussion as to remove the cent and paper dollar from circulation should be part of the current budget […]Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Weekly Numismatic World News for October 1, 2017

October 2, 2017 in Blogs, Bullion, Coins, Coins for sale, Collecting, Education, Fun, History, Investing, News, Numismatica, Numismatics, Opinion, Palladium, Palladium Coins, Paper Money, Precious Metals, US Mint, USA Coins, World Coins

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

Although the U.S. Mint has started shipping American Palladium Eagles, few have been available on the daily market. Most bullion dealers are offering these coins as a pre-sale with the expectation of receiving their coins on or about October 10 for shipment shortly thereafter. Pre-sale prices are averaging $85-200 over the spot price, which is […]Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Weekly Numismatic World News for September 24, 2017

September 25, 2017 in Blogs, Coins, Collecting, Education, Fun, Investing, News, Numismatica, Numismatics, Palladium, Palladium Coins, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

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

On Monday, the U.S. Mint will begin selling palladium bullion coins to authorized purchasers. The opening price will probably be $976.44 per coin, which is 6.25-percent over the spot price of $919 per troy ounce. Metal prices have not followed a path that market watchers are familiar with. Platinum is usually more expensive per troy […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

September 1, 2017 in Antique Coins, Coin Shows, Coins, Collecting, Education, History, Numismatica, Numismatics, Opinion, Press Releases, Rare Coins, US Government, USA Coins

For immediate release
August 31, 2017

News media contact:
David McCarthy
Office: 415-435-2601
Mobile: 415-847-6305

1783-Dated Coin Identified as First Struck by the U.S. Government to Make First Public West Coast Appearance

 

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

The Plain Obverse Nova Constellatio Quint will make its first public West Coast appearance during the Long Beach Expo.

(Long Beach, California) August 31, 2017 – After its showcase in August’s World’s Fair of Money, a coin that experts are hailing as the very first coin made by the United States will be displayed during the 2017 Long Beach Expo (www.LongBeachExpo.com)in Long Beach, CA, September 7- 9.

This marks the first public West Coast appearance for the coin, which is now insured for $5 million.

According to researcher David McCarthy of Kagin’s, Inc., there is overwhelming evidence that this is the very first coin ever officially struck by authority of the United States government, a finding hailed by renowned coin expert and author Jeff Garrett as “one of the most exciting developments in modern numismatics.”

The coin is known as the “Plain Obverse Nova Constellatio Quint.” It was once in the hands of one of the USA’s Founding Fathers, Alexander Hamilton, and it is the historic ancestor of the dollar as well as every coin in the Western world using a decimal monetary system, according to McCarthy.

“Although the coin was discovered in 1870, it was misattributed. We now have compelling evidence that it is, ‘the first that has been struck as an American coin,’ as described in the April 2, 1783 diary entry of Founding Father Robert Morris, the government’s first Superintendent of Finance and a signer of the Declaration of Independence,” stated McCarthy.

“The Quint and a subsequent set of coins were created in Philadelphia in April of 1783 under authority of the Treasury some nine years before the next coins would be struck by the U.S. government.  It would have been valued at 500-units in a proposed system that would range from 5 to 1,000 units,” McCarthy explained.

During the 18th Century, several states and private individuals manufactured coins, but this is the first coin that was struck and paid for by the U.S. government, according to McCarthy’s research, which more than a dozen other early American coin experts support.

Following the Civil War, the coin surfaced in New York City, and passed through the hands of some of the 19th Century’s greatest collectors before entering the possession of Johns Hopkins University, where it resided until 1979.

Kagin’s acquired the coin at an auction in 2013.  McCarthy began researching it through the Journals of Continental Congress, the writings of Founding Fathers Robert Morris and Thomas Jefferson, and forensic evidence found on the coins themselves, identifying it as the coin referred to by Morris, the Nation’s first Superintendent of Finance as, “the first that has been struck as an American coin.”

The coin can been seen during the Long Beach Coin, Currency, Stamp and Sports Collectible Expo, Thursday, September 7, through Saturday, September 9. For complete show hours, visit www.LongBeachExpo.com.  

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance with promo code: EXPOPR on www.LongBeachExpo.com.  

        For additional information, including the schedule of events and a list of attending dealers, visit online at www.LongBeachExpo.com, call the Long Beach Expo at 888-743-9316 or email at LBExpo@collectors.com.

###

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Learning from History using Numismatics

August 18, 2017 in Blogs, Coins, Collecting, Commemorative, Education, Events, History, Numismatica, Numismatics, Opinion, US Government, US Mint, USA Coins

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

One of the most popular aphorisms was written by philosopher and essayist George Santayana: “Those who cannot remember the past are condemned to repeat it.” Although it was one line in Volume 1 of his five volume The Life of Reason, the statement is so profound that it stands out as a seminal statement. Events this past week in Charlottesville, Virginia are forcing us to heed Santayana’s warning and look at our history to understand how we got here and why. Regardless of how anyone feels about the issues behind the divisions we cannot condone the use of violence to try to force opinions on others. This is what was tried in the past, which is why we have to learn from it because it seems to repeat itself time and again.[…]

Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Whitman authors will speak at 2017 ANA “Money Talks” in Denver

August 2, 2017 in Books, Coins, Collecting, Education, History, Investing, News, Numismatica, Numismatics, Press Releases, US Mint, USA Coins, World Coins

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

Several Whitman Publishing authors are scheduled to give “Money Talks” presentations at the American Numismatic Association World’s Fair of Money, August 1–5, 2017. The show is held at the Colorado Convention Center. Each “Money Talks” presentation is held in room 501 and is 30 to 45 minutes long, with time afterward for questions and discussion from the audience.

Thursday, August 3, 2017

“Collecting Modern U.S. Mint Silver Medals for Fun and Profit” — Whitman publisher Dennis Tucker, author of American Gold and Silver: U.S. Mint Collector and Investor Coins and Medals, Bicentennial to Date, will share his research and insight, and will… Full article at the source>

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

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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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Dismantling a Roosevelt dime collection

July 18, 2017 in Auctions, Blogs, Coins, Collecting, Collector Sets, Education, Fun, Grading, News, Numismatica, Numismatics, Opinion, USA Coins

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

Last year I won a stunning set of Jefferson nickels and wrote about it for Coin Update, explaining the process to dismantle a set (i.e., removing high-end coins for holdering). The process involves identifying toned coins, which command a premium, then checking for rare varieties or mint errors, and finally, selecting coins based on eye appeal and strike.

With regard to Jefferson nickels, premiums for strike occur with full steps (at least 5) on the reverse Monticello.

This month I won a premium set of Roosevelt dimes (circulation strikes) with a bid of $110 ($128.70 realized price) in an online Proxibid… Full article at the source>

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

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What are the greatest modern coins of the United States?

July 13, 2017 in ANA (American Numismatic Association), Books, Clubs and Associations, Coins, Collecting, Education, Entertainment, History, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Reference, USA Coins

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

The fourth edition of Whitman Publishing’s 100 Greatest U.S. Modern Coins will enjoy its public debut in a few short weeks. Look for it at the American Numismatic Association World’s Fair of Money in Denver, Colorado. In the meantime, if you’re a fan of modern U.S. coins, you can preorder your copy online or from your favorite local bookstore.

When 100 Greatest U.S. Modern Coins debuted in February 2011, it was the eighth volume in Whitman Publishing’s popular 100 Greatest™ library of books. In earlier volumes the spotlight was occupied by rare and valuable ancient coins, unique 18th- and 19th-century… Full article at the source>

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

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“Past & Present” takes a look at the success of the 50 State Quarters Program

July 7, 2017 in Coins, Collecting, Collector Sets, Commemorative, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, Opinion, Quarters, USA Coins

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

Here at Coin Update, we’re great fans of the blog “Past & Present,” which is operated by the Stamp & Coin Place. We like it so much, in fact, that we asked them to let us share snippets of their blog posts from time to time. Happily for our readers, they graciously agreed. The following, which considers the success of the 50 State Quarters Program, is the first of what we hope will be many such posts. Enjoy!

The State Quarter series is easily the most successful numismatic program of all time. It generated over $3.8 billion in seigniorage… Full article at the source>

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

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How do late ANACS slabs stack up with modern PCGS?

July 1, 2017 in ANACS, Coin Grading, Coins, Collecting, Education, Grading, News, Numismatica, Numismatics, Opinion, PCGS (Professional Coin Grading Service)

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

Viewers of Coingrader Capsule know we test modern holdering companies, especially against the widely held half-truth / half-myth that early graders were more conservative than those of today. You can view several posts about that in Coin Update.

Here’s one of the first that I did in 2011, titled “Old Green Holders” [ain’t what they used to be]. Here’s another about “Inconsistencies of Old Green Holders.”

In the end, the earlier graders may have been stricter more often than not, but also more inconsistent than top-notch graders for PCGS and NGC. So I decided to crack out and test these quarter…Full article at the source>

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

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America’s Native American dollar reaches for the stars in 2019

June 30, 2017 in Blogs, Coins, Collecting, Commemorative, Events, History, News, Numismatica, Numismatics, US Mint

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

On June 21, 2017, a quorum of the Citizens Coinage Advisory Committee met at United States Mint headquarters on 9th Street in Washington, D.C. We had a full day of meetings that started at 8:00 a.m. and wrapped up at 4:45 p.m., with a break for lunch on premises.

Among our agenda items was reviewing and discussing designs for the upcoming 2019 and 2020 Native American dollars. This coinage series was launched in 2009 to memorialize American Indians and, in the words of its authorizing legislation, “the important contributions made by Indian tribes and individual Native Americans in the development…Full article at the source>

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

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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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Affordable Seated half dimes

June 1, 2017 in Coins, Coins for sale, Collecting, Design, Dimes, Education, Investing, News, Numismatica, Numismatics, Opinion, US Mint, USA Coins

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

The Liberty Seated half-dime series is the smallest denomination of the Liberty Seated design by Christian Gobrecht. First introduced in 1837, Liberty Seated half dimes were struck until the denomination was discontinued and replaced by a larger coin struck in nickel in 1873. The series is generally considered to be the easiest to complete out of the various denominations with this design, but there are still several stoppers that are either expensive or rare, particularly in higher grades. Yet, a collector on a budget should have little trouble adding some interesting Liberty Seated half dimes to his or her collection… Full article at the source>

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

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Grading Capped Bust half dollars

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

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

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

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

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

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

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

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

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

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

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

 

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

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

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

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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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Statement from Kevin Lipton

April 2, 2017 in Antique Coins, Auctions, Coins, Collecting, Dollar Coins, History, Investing, News, Numismatica, Numismatics, Rare Coins, Silver, Silver Coins, Silver Dollars, USA Coins

Statement from Kevin Lipton
President, Kevin Lipton Rare Coin, Inc., Beverly Hills, California

 

April 1, 2017

 

Dexter/Pogue 1804 dollar

Dexter/Pogue 1804 Draped Bust dollar

Somewhere over Topeka, Kansas Friday night, while I was flying back to Los Angeles from Baltimore, John Albanese and I jointly purchased the Dexter/Pogue 1804 Draped Bust dollar for $3,290,000. This is actually the second time I’ve owned this historic rare coin. I purchased it with Hugh Sconyers for a then-record price of $990,000 on behalf of the American Rare Coin Fund at Auction ’89 in Chicago in 1989.

I bought the coin this time strictly the way I buy everything: on a basis of opportunity. In my opinion, this was the best buy of a high value rare coin in the last 20-plus years. It was a moment of opportunity. I don’t have any customers for it, I just want to enjoy it now.

When opportunity knocks, you have to be there to answer.  I was expecting this coin to sell for between $4 and $5 million, and was stunned at this kind of opportunity to acquire it for less than $3.3 million.

John (Albanese) and I have been friends and have done business together for decades. He is one of the most respected numismatists in the world, and was an original co-founder of both PCGS and NGC as well as CAC. We are both excited and happy now to own one of the world’s most famous rare coins.

 

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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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Stack’s Bowers Galleries to offer finest certified 1913 Lincoln cent at auction

March 14, 2017 in Antique Coins, Auctions, Cents, Coin Shows, Coins, Coins for sale, Collecting, Copper, Copper Coins, Education, History, News, Numismatica, Numismatics, Pennies, Rare Coins, USA Coins

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

When the Whitman Coin & Collectibles Baltimore Expo takes place at the end of March, it will, as always, feature an estimable array of collectible coins and paper money. Stack’s Bowers Galleries will hold a series of auctions, and its “Rarities Night” will, as usual, offer up a host of beautiful coins. Among those that are not “as usual” will be a 1913 Lincoln cent in nearly flawless condition—in fact, at MS-67 RD, it is the finest certified example of that year.

On the Stack’s Bowers blog, numismatist and cataloger James McCartney writes, With a mintage of 76.5… Full article at the source>

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

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

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

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

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

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

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

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

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FUN Heritage Auction Preview

December 31, 2016 in Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Fun, Investing, News, Numismatic Societies and Clubs, Numismatica, Numismatics, Rare Coins, Seminars, USA Coins, World Coins

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

Traditionally, the FUN show held in Florida during the first few weeks of the new year is the location of the year’s first major auctions, and 2017 is no different. In conjunction with the show, Heritage Auctions will offer several thousand lots of U.S. and world coins and currency in both floor and online auction sessions. While there are too many highlights to cover all of them in a single article, we’ll still attempt to showcase some of the rarest and most exciting offerings that will come to the auction block in Fort Lauderdale, where the show is held this Full article at the source>

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

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Happy Holidays to all of our dedicated readers of Coinupdate.com

December 24, 2016 in Blogs, Coins, Collecting, News, Numismatica, Numismatics, Opinion, USA Coins, World Coins

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

merry-christmas-michael-alexander-copy2

It’s been quite a year of new coins from all over the world, with the introduction of great numismatic and coin-collecting programs and many popular series that have remembered anniversaries and events such as the ones which took place during the First World War.

This year alone, the 2016 Rio Olympics were admirably staged in Brazil. Canada’s 150th anniversary of confederation, to be celebrated in 2017, was launched this year with new coins and a design competition for circulation coins. Finland’s centennial of independence is about to become a national celebration in this Northern European country. An eight-year series featuring all Full article at the source>

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

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