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Ryder Nomination Moves Forward

November 3, 2017 in Blogs, Numismatica, Numismatics

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

The Nomination of David J. Ryder to become the 39th Director of the U.S. Mint moves forward as the Senate Committee on Banking, Housing, and Urban Affairs ordered that his appointment to be reported favorably. Committee Chairman Sen. Mike Crapo (R-ID) reported the committee’s recommendation without a printed report. His nomination was added to the […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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October 2017 Numismatic Legislation Review

November 1, 2017 in Blogs, Coins, Collecting, Education, History, Legal, Legislation, News, Numismatica, Numismatics, Opinion, Politics, US Government, USA Coins

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

It seems that when I write these posts about the monthly numismatic-related legislation reviews, I note how frustrating it is to follow the workings of Congress. Even though I work as a part-time political analyst and have some contacts I can leverage, even the insiders cannot explain why things happen. Let’s look at recent legislation. […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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The Under-Appreciated Platinum Eagle Proofs

October 31, 2017 in Blogs, Coins, Collecting, Collector Sets, Design, Education, History, Investing, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals, Proof Coins, US Mint, USA Coins

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

Over a week ago, the U.S. Mint announced that they will begin a three-year series of the American Platinum Eagles proof coins featuring designs inspired by the Declaration of Independence. After looking at the designs and the designs of past platinum proof coins, they may be one of the most under-appreciated series of coins produced […] Full article at the source>

Source: Coin Collectors Blog (CoinsBlog.ws)

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Numismatics: The road ahead

October 28, 2017 in Coins, Collecting, Education, Events, History, News, Numismatic Societies and Clubs, Numismatica, Numismatics, US Government, US Mint, USA Coins

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

On October 16-17, the U.S. Mint held its second annual numismatic forum at its headquarters in Washington, DC, bringing together representatives of the Mint, the coin industry, the numismatic media, members of the Citizens Coinage Advisory Committee, and other stakeholders in the numismatic community. This year’s theme was “Numismatics: The Road Ahead.”

Like last year’s meeting, the latest forum was designed to foster greater dialogue among the various stakeholders; discuss implementation of ideas discussed at the 2016 forum; provide information about forthcoming products and improvements and innovations in how the Mint does business; and elicit suggestions from participants about how… Full article at the source>

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

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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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United States Mint announces designs for World War I Centennial Silver Medals

October 12, 2017 in Collecting, Commemorative, Dollar Coins, History, Investing, Medals, News, Numismatica, Numismatics, Precious Metals, Press Releases, Silver, Silver Dollars, US Mint, USA Coins

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

World War I Centennial Army Medal – West Point Mint

World War I Centennial Army Medal – West Point Mint

WASHINGTON – The United States Mint today revealed the obverse (heads) and reverse (tails) designs for five silver medals that will be issued in conjunction with the 2018 World War I Centennial Silver Dollar. Each medal, composed of 90 percent silver, pays homage to branches of the U.S. Armed Forces that were active in World War I. Design descriptions and the respective minting facilities are below. The Army medal design depicts a soldier cutting through German barbed wire, while a second soldier aims a rifle amid a shattered landscape of broken trees… Full article at the source>

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

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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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First photos of the 2017 American Eagle palladium bullion coin

September 21, 2017 in Coins, Coins for sale, Collecting, Investing, New Releases, News, Numismatica, Numismatics, Palladium, Palladium Coins, Photography, Precious Metals, US Mint, USA Coins

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

The Mint will begin selling its 1-ounce American Eagle palladium bullion coin to Authorized Purchasers (APs) on September 25. Until now, no photos of the coins have been available, and the curious have had to content themselves with photos of the plaster models or with graphic designers’ renderings. Around noon today (September 20), the Mint posted live photos of the coins (hover to zoom):

The palladium Eagles will be available to the public through the Mint’s AP network. Authorized Purchasers consist of major coin and precious-metals wholesalers, brokerage firms, banks, and other participating financial intermediaries. The… Full article at the source>

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

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Weekly Numismatic World News for September 10, 2017 (TRY 2)

September 11, 2017 in Blogs, Coins, Collecting, Education, Entertainment, History, Investing, News, Numismatica, Numismatics, USA Coins, World Coins

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

NOTE: I previous version was posted by mistake and then deleted. Sorry! As I watch the numismatic-related news that is published around the world in the regular media are the number of stories that come out of the United Kingdom and India. Aside from the change over from the “round pound” to the new 12-sided […]

Source: Coin Collectors Blog (CoinsBlog.ws)

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Whitman Publishing releases expanded new edition of A Guide Book of Lincoln Cents

September 8, 2017 in Books, Cents, Coins, Collecting, Collector Sets, Copper, Copper Coins, Education, Entertainment, Fun, History, Investing, News, Numismatica, Numismatics, Pennies, Reference, USA Coins

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

Whitman Publishing has released an expanded, updated second edition of its best-selling Guide Book of Lincoln Cents, a popular entry in the Bowers Series of numismatic titles. The book continues in the tradition of the Guide Book of Morgan Silver Dollars and other Bowers Series guides, now numbering more than two dozen volumes. The 320-page full-color book is available online (including at Whitman.com) and from booksellers nationwide for $19.95.

Generations of coin collectors have grown up with the Lincoln cent, America’s longest-running coin series, first minted in 1909. Author Q. David Bowers, the nation’s most widely published numismatic writer, provides… Full article at the source>

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

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

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

For immediate release
August 31, 2017

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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David Hall Previews the September 2017 Long Beach Expo

August 31, 2017 in Auctions, Coin Shows, Coins, Coins for sale, Collecting, Conventions, Education, Entertainment, Events, Investing, News, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), USA Coins, World Coins

 

By: Long Beach Expo

Originally published on August 22nd, 2017

The September 2017 Long Beach Expo will feature two great collections on display, along with Meet the Expert sessions and giveaways for both coins and sports. David Hall previews this and other attractions.

Get free passes using promo code David at https://www.longbeachexpo.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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Final design choices for the 2018 America the Beautiful quarters

August 14, 2017 in Blogs, Coin Shows, Coins, Coins for sale, Collecting, Collector Sets, Commemorative, Education, History, News, Numismatica, Numismatics, Quarters, US Mint, USA Coins

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

(Coin-design images courtesy of the U.S. Mint)

(Coin-design images courtesy of the U.S. Mint)

The following is a re-post from Mint News Blog’s sister site, Coin Update.

 

The U.S. Mint unveiled the reverse designs for the 2018 America the Beautiful quarters on August 1 at the American Numismatics Association’s World’s Fair of Money in Denver.

The national sites to be recognized in 2018 are Pictured Rocks National Lakeshore in Michigan, Apostle Islands National Lakeshore in Wisconsin, Voyageurs National Park in Minnesota, Cumberland Island National Seashore in Georgia, and Block Island National Wildlife Refuge in Rhode Island. Each quarter reverse in the series depicts a scenic representation of the park…  Full article at the source>

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

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Lack of leadership at the U.S. Mint

August 13, 2017 in Blogs, Coins, Collecting, History, Numismatica, Numismatics, Opinion, Politics, US Government, US Mint, USA Coins

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

Following the sell out of the 225th Anniversary Enhanced Uncirculated Coin Set, a few readers asked if I was going to post a comment. I declined to let the rest of the industry have this discussion. I would rather have a discussion about a different issue related to the U.S. Mint: the lack of leadership. […]

Source: Coin Collectors Blog (CoinsBlog.ws)

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U.S. Mint Anchors Last Long Beach Expo of the Year

August 10, 2017 in Auctions, Clubs and Associations, Coin Grading, Coin Shows, Coins, Collecting, Collector Sets, Conventions, Education, Entertainment, Events, Fun, Gold, Gold Coins, Grading, History, Investing, Numismatic Societies and Clubs, Numismatica, Numismatics, Offers, PCGS (Professional Coin Grading Service), Press Releases, Rare Coins, US Mint, USA Coins, World Coins, Young Collectors

For immediate release
August 9, 2017

News media contact
Steve Sloan, (949) 567-1223

U.S. Mint Anchors Last Long Beach Expo of the Year

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

Ellis Island Coin: The U.S. Mint will be in attendance, displaying and selling their latest offerings, including the Ellis Island 2017 5 Ounce Silver Coin. Image via www.usmint.gov.

(Long Beach, California) – It’s time for the last Long Beach Coin, Currency, Stamp and Sports Collectible Expo (www.LongBeachExpo.com) of the year, and as usual, the show is filled with fun for everyone. The three-day event will feature coin giveaways, the latest offerings and unveiling of a new 5 ounce silver coin from the United States Mint, and the display of two award-winning world coin sets.

Held September 7-9, 2017, the Long Beach Expo showcases collectibles from over 500 dealers, featuring everything from coins to cards.

“We’re thrilled to close out our Expo year with offerings from the U.S. Mint, which will be displaying and selling beautiful commemoratives, proof sets and more, including their brand-new 5 ounce coin, the Ellis Island 2017 5 Ounce Silver Coin, and the display of beautiful world coin sets brought to you by the PCGS Set Registry is sure to attract crowds. As always, we will host our coin giveaway, where a lucky attendee is chosen each day to win a gold coin, and PCGS will be offering on-site grading and exclusive show offers,” said Long Beach Expo President Cassi East.

Any attendee can enter to win a gold coin simply by registering online. Winners will be announced each day of the show at 1 p.m.

The official auctioneer of the Long Beach Expo, Heritage Auctions, will host four Signature Auctions, featuring U.S. Coins, World Coins, U.S. Currency and World Currency, from Wednesday, September 6 through Saturday, September 9.  Attendees are encouraged to visit the Heritage Lot Viewing room (104-A), located upstairs in the lobby area, to see the actual coin and currency items that will be in the auctions.

The Mint returns to the Long Beach Expo (booth #1535) after showcasing their groundbreaking American Liberty 225th Anniversary gold coin earlier this year, and they will be displaying the 225th Anniversary Four-Medal set, featuring four medals from four different mints with four different finishes. The medal set has reverse proof, proof, an enhanced uncirculated and uncirculated medal. The Mint is also launching their latest coin, the Ellis Island 2017 5 Ounce Silver Coin, which is available for purchase starting September 7, the first day of the show. Visitors can purchase or simply view the Mint’s latest offerings.

Also on the coin side, PCGS (www.PCGS.com) will be in attendance (booth #807) and offering on-site grading, as well as accepting submissions of all service levels.  Additionally, the brand-new coin price magazine, Rare Coin Market Report, will be distributed free of charge by PCGS at booth #1.

The bi-monthly magazine features up-to-date coin price info on PCGS-graded coins and fun, educational articles written by numismatic experts, like PCGS CoinFacts President Ron Guth.

“The Long Beach Expo presents a great opportunity to research a coin in the RCMR, visit booths like the U.S. Mint, purchase a coin and then return to the PCGS booth for grading. You can literally experience, all in one venue, the pivotal steps of coin collecting,” said PCGS President Don Willis.

McVey Collection: Two award winning world coin sets will be on display at booth #1535

McVey Collection: Two award winning world coin sets will be on display at booth #1535

Two beautiful world coin sets will be on display at the Set Registry booth (#1148): the McVey Canadian dollar date set and the McVey Mexico Silver Peso date set.

The 28-coin McVey Canadian dollar date set, circulation strikes, spans from 1935 to 1967 and features the portraits of three British monarchs: George V, George VI and Elizabeth II.  While, the award-winning McVey Mexico Silver Peso set features 41 silver pesos with two reverse designs.

“We always love to showcase world coins when the opportunity arises. Both of these sets are quite the spectacle, and we encourage show attendees to visit our booth and see these sets in person,” said PCGS Set Registry Director BJ Searls.

PCGS Co-Founder David Hall will be conducting “Meet the Expert” sessions, which is an opportunity for the public to bring their coins to the show and have them examined by a numismatist with decades of experience. Sessions take place from 1 p.m. to 2 p.m. on Thursday, September 7, and Friday, September 8, and from 12 p.m. to 1 p.m. on Saturday, September 9.

A staple of the Long Beach Expo returns with the Kids Treasure Hunt. Children visiting the Expo can earn free coins by participating in the fun, which will take place on Saturday, September 9, from 11 a.m. to 2 p.m.

Kids can also participate in numismatic youth activities at booth #861, including America The Beautiful Quarter Trivia and a memory game involving world currency. Children have the opportunity to win quarters and currency during the fun.

The Long Beach Coin, Currency, Stamp and Sports Collectible Expo takes place Thursday, September 7, through Saturday, September 9. Show hours are 10 a.m. to 7 p.m. from Thursday to Friday, and 10 a.m. to 5 p.m. on Saturday. The Long Beach Expo will take place at the Long Beach Convention Center, located at 100 South Pine Ave, Long Beach, CA.

Admission is $8 for adults, $4 for seniors and children aged 8 to 16; however, free admission coupons are available in advance online.

Discounted tickets are available at  www.LongBeachExpo.com. Simply select ‘Get Passes,’ and enter the promo code: EXPOPR.

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

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

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

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

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

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

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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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Perth Mint’s rare $1.8m coin trilogy sold

July 7, 2017 in Australian Coins, Coins, Coins for sale, Collecting, Commemorative, Gold, Gold Coins, History, News, Numismatica, Numismatics, Platinum, Platinum Coins, Precious Metals

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

The following is a courtesy post from our sister site World Mint News Blog.

The pinnacle of the Perth Mint’s long-term association with Rio Tinto and Argyle Pink Diamonds, the Australian Trilogy is an incomparable combination of precious metals and rare, natural, fancy-colored diamonds unearthed from the Argyle Diamond Mine in the east Kimberley region of Western Australia.

“This coveted collection of diamond-studded gold and platinum coins has raised the bar on the concept of ‘unique collectable,’ exemplifying the quality craftsmanship for which the Perth Mint and Argyle Pink Diamonds are renowned,” said Perth Mint chief executive officer Richard Hayes.

Since the… 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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