Some random thoughts…

Although it has been a while since I have posted something outside of the Weekly World Numismatic News, it does not mean that I have been idle. Here are some random thoughts:

Glenn B Smedley Medal

2019 Glenn B Smedley Medal

First, I want to thank the American Numismatic Association Board of Governors for awarding me the 2019 Glenn Smedley Memorial Award. It is an honor! I wish I could have been there for the award ceremony.

ANA President Steve Ellsworth asked me to continue as Chair of the Technology Committee. I accepted his appointment. Steve has a different vision for how to move forward. Change is a good thing and will work with him and the Board to do what is best for the ANA.

There continues to be work to do for the ANA to add technology to the numismatic experience. One of the areas I would like to include more technology are the exhibits. After speaking with one person familiar with the exhibiting process, I think there are ways to add technology without technology overshadowing the numismatic content. I will have a proposal shortly. Stay tuned.

2007 Somalia Motorcycle Coins
I love these coins but is this the direction the U.S. Mint should go?

Not long ago, U.S. Mint Director David Ryder said that there might be a chance to add color to the Naismith Memorial Basketball Hall of Fame Commemorative Coins. I have had a mixed feeling about adding color to coins. There are some cases where the color acted as an enhancer. Other times, some mints produced coins that were discs with prints. I will wait until the design is released to decide how I feel about the Mint’s attempt with color.

There are many collectibles whose values have declined over the last year, including some collector coins. One area that remains low are those collector sets produced by the television hucksters or the private mints. These firms overhype the value of their wares to convince buyers that they should purchase them as an investment. Recently, I handled an estate with several items purchased from QVC and the Franklin Mint. All of the coins were overpriced. The family was upset when I provided my valuation. I will talk about this more in a future post.

Another article idea that is inspired by my business is the difference between collecting and investing. Although some people like to try to mix the two, most of the time, the result is that the investor does not create a compelling collection while most of the collectors create value without trying.

I sold my silver Pandas. I lost interest after the composition was changed but the hype has kept the prices up. Hype is not a long-term strategy.

Recently, I decided to liquidate part of my collection. As part of the process, I realized how much I have learned over the years. It is a real case of “the more you know, the more you realize what you don’t know.” I learned several lessons during this process, including not to trust my judgment. In one case, coins I graded years ago were over graded. If I would have used the tools and knowledge, I have today, and the grades would be different.

Finally, I am still waiting to find a “W” quarter in change. I have yet to see one. Most of the people I know that are looking for these quarters are roll hunting. If I were into conspiracies, I would suggest that the Mint did this on purpose to increase the demand for quarters. People would demand rolls of quarters, forcing the Federal Reserve to order more.

Considering the U.S. Mint is a government agency, I bet they are storing most of the quarters in Area 51! After all, if we are going into conspiracy theories, we might as well go all of the way!

Weekly World Numismatic News for August 25, 2019

Glenn B Smedley Medal

2019 Glenn B Smedley Medal

Since the numismatic news has been light this week, I would like to answer some of the criticism received for last week’s post about my not attending the World’s Fair of Money.

The allegedly offending paragraph began, “One of the reasons I could not be at the World’s Fair of Money was because I was attending two seminars from another show.” (emphasis added)

First, every critic missed the first four words: ONE OF THE REASONS. It was not the only reason. I disclose a lot about myself and my life outside of collecting on this blog. I do not reveal everything. Attending the seminars was only one of the reasons. The other is I have a business to run.

Regular readers know that I started a business last year that is not numismatic-related. While my company does handle some numismatic items, these are not my focus. To maintain a new business, I have to make decisions that I may not like today but will help me in the future. I decided it was not in my business’s best interest for me to leave to attend the World’s Fair of Money.

Critics suggested that I could have attended the virtual seminar from my hotel room in Rosemont. While it sounds logical, let’s look at reality. Hotel Wi-Fi is not conducive to attending an interactive workshop for three hours. Hotel Wi-Fi services are not designed for that type of service. It may support downloading your latest streaming movie, but it does so with the support that you do not see. Since this is not a technical blog, I will tell you as a retired computer person that what you see and what is reality are very different.

Then there’s the question of being cost-effective. I run a startup business. While I have early success, it takes a lot of resources to build a business. I asked about the cost-effectiveness of sitting in a hotel room for a six-hour seminar. The answered varied but did not answer the question about whether the cost adds up.

Nearly every one of the naysayers in email and those who commented was established, dealers. All are over the age of 50. None would answer the question as to whether they would have attended a show that was not related to their business in their first few years of business.

I suspect that many of them have suppressed their early struggles as they have become successful.

I applaud each of their successes. But each has forgotten that the success came at a cost. Even though I might be around their age, I am running a new business and am enduring the struggles they faced at a younger age. It is more difficult for me now than it was for them in the past.

Some who have engaged in a conversation, I asked whether they understood my point? They did not get it!

Where is the outreach beyond the four walls of the convention center? Why is the entire show confined to the convention center? Why is there no attempt to get other people interested who did not attend or could not attend?

The bottom line is why is the ANA not broadcasting the World’s Fair of Money online to a broader audience?

It is possible to contribute the ANA without attending a convention. How do I know this? I have the Glenn Smedley Award to prove it can be done! I did not set out to win awards. I set out to improve the ANA and make it accessible to more people. I set out to move the ANA into the 21st century with technology. I see technology as the force that will promote the ANA.

I also see the Luddite attitude of some as the force that will be the ANA’s demise.

There are many issues the ANA faces, and I am concerned about how the organization’s use of technology will affect its future. I have three concerns that the ANA should address:

  • Broadcasting from the National Money Show and World’s Fair of Money. With all due respect to the older members, sometimes it is not possible to show up. With the technology available, the ANA must start broadcasting from the show floors, meeting rooms, and even the auctions. News, interviews, activities, and just plain showing off to an Internet audience will keep current members engaged and spark new interest.
  • Online education must be expanded to include courses for the experienced collector and non-collector. The ANA must go beyond was previously discussed. It did not go far enough. The effort was like trying to smell a rose at arms-length because there is a thorn on the side. The ANA must commit to bringing robust education services online or stop trying to dabble.
  • Aside from expanding technology in these areas, another enhancement would be to add technology to the exhibits. With all due respect to the exhibit committee and those who have created great exhibits, static displays are in yesterday’s museums. Museum and other exhibits are not becoming interactive. Even the Manley Library exhibits have rotating displays the allow visitors to view both sides of the object. Under current rules, it is challenging to add electronic aids to exhibits. Having access to electricity for each of the cases must be an option for exhibitors. Having access to the Internet must be an option for exhibitors. Add this capability and watch the exhibits really pop!

As of now, I believe I am still Chair of the money.org Committee, the former Technology Committee. If ANA President Steve Ellsworth chooses to allow me to continue in this position, I will work to help the ANA move forward with these goals.

And now the news…

 August 19, 2019

A Utah businessman paid $1.32 million for a dime last week at a Chicago coin auction. It wasn’t just any 10-cent piece; the 1894-S Barber Dime is one of only 24 that were ever made, according to Stack’s Bowers Galleries, which held the auction Thursday night. Only nine of the coins are confirmed to still exist.  → Read more at ktla.com


 August 20, 2019

The oldest coins minted for colonial Australia have gone on show at the Royal Australian Mint, allowing visitors to lay eyes…  → Read more at the-riotact.com


 August 21, 2019

(MENAFN – Newsroom Panama)  The 50 cent coins  that were minted to commemorate the anniversary of the founding of Panama City, 500  → Read more at menafn.com


 August 21, 2019

The prosecutor said that Louis "The Coin" Colavecchio "is effectively unable to enjoy life without conceiving new criminal ventures."  → Read more at providencejournal.com


 August 22, 2019

Gold prices have been hitting a fresh high everyday since Tuesday.  → Read more at indiatoday.in


 August 23, 2019

The penny will go on show for the first time at Saffron Walden Museum on Saturday August 24  → Read more at bishopsstortfordindependent.co.uk

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Weekly World Numismatic News for August 18, 2019

2019 Worlds Fair of \MoneyThis past week the World’s Fair of Money was held in Rosemont, just outside of Chicago. I wish I knew more of what happened, but the coverage of the show was its usual light to non-existent.

For years, I have been calling for the ANA to broadcast from the convention. For many years, I have been saying that when the collector cannot go to the show, the show must go to the collector. Nearly every other industry that holds a significant show finds ways of broadcasting part of the show to people who cannot attend.

One of the reasons I could not be at the World’s Fair of Money was because I was attending two seminars from another show. These were classes that are required so that I can become a licensed appraiser. Rather then travel to the show, I was able to view these seminars as they occurred. The conferencing software also allowed me to ask questions.

For next year’s show, I would like to see the ANA start to broadcast the Money Talks programs. All business-related items like the meeting of the Board of Governors session could appear on a live stream. Let’s start with that before I go into the rest of my wishlist.

And now the news…

 August 10, 2019

The Royal Mint has revealed no new 1p or 2p coins were struck over the last year. Is the future of copper coins under threat again?  → Read more at which.co.uk


 August 12, 2019

The government’s latest wheeze to convince us that Brexit means Brexit was announced this weekend. Sajid Javid is drawing up plans for millions of 50p coins to be issued when the UK leaves the EU later this year.  → Read more at independent.co.uk


 August 14, 2019

To ensure you the best experience, we use cookies on our website for technical, analytical and marketing purposes. By continuing to browse our site, you are agreeing to our use of cookies.  → Read more at antiquestradegazette.com


 August 15, 2019

Sen. Roy Blunt wants a commemorative coin to honor Negro League Baseball when it celebrates its 100 year anniversary in 2020. The Missouri Republican talked about his coin push during a tour of the Negro Leagues Baseball Museum in Kansas City, Missouri, this week.  → Read more at rollcall.com


 August 15, 2019

A woman from Asten found a very peculiar coin when she emptied out her purse after her vacation on Wednesday. A 2-euro coin, with the image of Princess Beatrix on it, that had also been minted with an image of an eagle with a swastika under it, De Gelderlander reports.  → Read more at nltimes.nl

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The ANA Election is Over, Support Your New Board

The American Numismatic Association election is over and the membership has made a choice. Steve Ellsworth will become the new President of the American Numismatic Association at the World’s Fair of Money in August. Ralph Ross will become Vice President.

Although these were not my choices for leadership, I will support them for their two-year term. Both men deserve the support of the entire membership regardless of what you thought about the election.

The ANA is at a critical juncture in its modern history. There is a societal change happening that is affecting many hobbies and traditional institutions. It is a change borne out of changes in ideas, ideals, and how the new generation thinks about hobbies and their traditions.

The status quo is no longer acceptable. Millennials and those identified as Gen Z, who graduated from high school this year, grew up in a different world. In their world, money is electronic, stamps are utilitarian only used when necessary, and the concept of formality is reserved for a noncontroversial post on social media.

With the Millenials and Gen Z now in that numismatic black hole between being a Young Numismatist and their reawakening when they get older, it is time that the ANA adapt to the new world order of technology.

Adapting traditional hobbies between the past and technology will be difficult. Ask the philatelic (stamp collecting) world how technology has upended what they built. Technology has changed many aspects of our lives, and if numismatics do not change along with it, numismatics will become a minor aspect of the hobby community.

Making this bridge between the traditions of numismatics and the future is what the new ANA leadership and the Board of Governors will need your help. The only way the ANA will change to meet the needs of the membership is for the association to speak out. Members, especially those that are not of AARP eligible age, must be the ones to speak to the Board and let them know what the ANA has to do to have a healthy future.

Overall, 19,737 ANA members were eligible to vote in this election; 31.06 percent of eligible voters participated.

One of the most significant issues is that the membership is not engaged. Maybe it is time for the ANA members to get off the sidelines and become involved.

Members must open lines of communications with the Board of Governors and let them know what you think. They cannot perform their jobs without knowing how to respond to the membership. Your input will help President-elect Ellsworth, and the rest of the Board set their agenda.

Help Ellsworth and the Board have a successful term. Let them know what you think. As a member you can contact the ANA directly. When you do, please keep it respectful and include your membership number.

Those who want to add their comments to a public forum, the ANA gives you that opportunity. Go to the ANA website, register, and post your message as an open blog post. Yes, the ANA website has a blog section for you to post whatever you like. Keep it clean, respectful, to the point. If you can add details to your ideas, I am sure the Board would appreciate the help.

In case you did not know, the ANA website also has a section of numismatic forums for collectors to talk with other collectors about numismatics. For those who are not happy with other forum sites, you might want to take the opportunity to see what the ANA has to offer.

If all else fails, you can write to me. Although I am one voice in the numismatic wilderness, I am a collector who wants to see the ANA remain a thriving home for numismatic collectors. You can write to me directly or post a comment here.

It is your ANA.

Your ANA needs your input.

Support the new Board and help them find their direction.

Hey ANA Members, it’s time to VOTE!

The countdown to the July 1 deadline to vote for the next American Numismatic Association Board of Governors approaches, it is time to look at the candidates and determine who can best lead the organization forward.

For the first time in many years, there are races for President, Vice President, and Board of Governors. This year this is a choice. Here are my choices:

President

For ANA president members have the choice of COL Steven K. Ellsworth, ret., or Donald H. Kagin, Ph.D.

Ellsworth is currently a member of the ANA Board of governors and the owner of Butternut Coin Company, which moved from Virginia to Tennessee. Ellsworth has been around but has many strong opinions that have irritated several of the ANA’s constituency. Recently, during the National Money Show, Ellsworth made statements that exhibitors and the exhibit committee interpreted as hostile to them. Unfortunately, when he had the opportunity to clarify his position, his tone turned combative while making accusations of there being a clique amongst the exhibitor community.

Kagin grew up in the numismatics business, the son of a very prominent member of the ANA. But Kagin is not without his issues. He was a member of the Board of Governors during the fiasco with Executive Director and Legal Counsel Christopher Cipoletti in 2007. Then there were the Larry Shepherd issues that led to more embarrassment. For the subsequent election, Kagin said that he and the Board made mistakes and he wanted another chance. Kagin lost the election during a “throw the bums out” feelings by the membership.

Over the last few years, it appears that Kagin has learned from his mistakes. Sometimes it takes falling on your behind to be able to learn from those mistakes. It also seems that his vision for the ANA has matured since his return to the Board.

The Coin Collectors Blog endorses Don Kagin for ANA President for his sober vision and less combative personality, which is necessary for the ANA.

Vice President

The race for ANA Vice President is between Dr. Ralph W. Ross and Thomas J. Uram.

Although I have briefly met both gentlemen, I cannot say that I have had an extensive conversation with either. The personality dynamics are very different. Although that should not be a determining factor, the differences make it a consideration.

Ross has been a member of the Board of Governors for some time. He is a teacher by trade, which can be beneficial to figure out how to spread the word about numismatics beyond the ANA. In reality, where has he been? In my interaction with the Board, Ross is its quietest member. We do not hear much from him or about him regarding his position on the Board. He is just there.

Uram has been an active participant for some time. He is an exhibitor, judge, and has acted as a coach to exhibitors. Having someone on the Board who understands the exhibitor community may be good for the ANA.

Uram is not a professional numismatist but has had a long career in the financial services industry. Given the ANA’s propensity for having consistent financial problems, having someone around who can make sure the ANA stays fiscally stable may be a good idea.

Finally, Uram is a member of the Citizens Coinage Advisory Committee (CCAC) as an appointee of the Secretary of the Treasury. Although I have been a critic of the CCAC and not a fan of the Secretary, having someone with that type of experience could have its advantages.

Therefore, the Coin Collectors Blog endorses Tom Uram to be the next Vice President of the ANA.

Board of Governors

There are ten candidates to fill seven seats. Three people will not be serving on the Board. I will not comment on every one of the candidates in this space. I will provide some thoughts on what has gone into my decision.

First, I do not endorse Mike Ellis and his return to the Board. Although I believe in second chances, some have to come with a significant amount of contrition and time. It has not been long enough after “he had made a mistake and chose to step down from the board.” Any person who had to step down from the Board of Governors because of “mistake” must be required to jump a higher hurdle to return. I am still waiting for the jump.

While I have nothing against Greg Lyon, this would be his sixth and final term on the Board. After ten years as a member of the Board of Governors, it is time to step aside and allow new people into leadership.

There are endorsement forthcoming for Muriel Eymery and Shanna Schmidt. Eymery, who is from London, would bring a very different perspective to the ANA that is very necessary. Her view on foreign collectors and the world of numismatics outside of the United States would be an asset to an organization that appears insular. This type of diversity would benefit the ANA.

Schmidt is a dealer with a specialty in ancient numismatics and has a background beyond numismatics. Aside from adding diversity to the Board of Governors, which is very necessary, the line in her biography that attracted me was that her “master’s thesis was on the cultural-property debate as it relates specifically to ancient coins.” It is a topic that I have commented on several times and wish the ANA would involve itself with on behalf of the numismatic community.

Based on the considerations, the Coin Collectors Blog endorses the following seven candidates for the ANA Board of Governors (in alphabetical order by last name): Rick Ewing, Muriel Eymery, John Highfill, Cliff Mishler, Paul Montgomery, Robert Oberth, and Shanna Schmidt.

If you are an ANA member, go vote!

If you are not an ANA member, you should consider becoming one!

ANA’s 2019 Election Cycle

Members of the American Numismatic Association who opted into online voting should have received the election announcement via email. If you think you did request the electronic voting option and did not receive your notice, check your spam folder.

Those who are not signed up for electronic voting should receive a paper ballot in the mail shortly. Deadline to vote using either method is July 1, 2019.

2019 ANA Election Notice

This year, there are races for president, vice president, and Board of Governors. In addition to the races in all categories, three women are running for the Board of Governors, and five of the candidates are running for the first time. Two are running again after having served in the past.

Three of the current member of the Board of Governors are running for higher office, meaning that there will be at least three new Board members.

Maybe there should be at least four new board members.

It has been a long tradition in United States populist society to “throw the bastards out” dating back to the antebellum South where the southern Democrats ran dirty campaigns and even fixed ballots to weaken the Whig Party that was anti-slavery. Newspapers at the time suggested that if the pols do not protect the southern traditions then vote them out.

Just remember, dirty politics pre-dates the founding of the United States as an independent country. In the 1820s, the movement found a rallying cry.

The ANA has had its “throw the bastards out” situation a few years ago after former ANA Executive Director Larry Shepherd file a lawsuit against the ANA and fired Jeff Shevlin as executive director. It was clear that there were problems, which attracted a large field fo candidates for the seven seats on the Board of Governors. I was one of the candidates.

There was quite a change in made in that election. Unfortunately, a few of the members that were voted in during that election remain. As someone who likes to see change and believes in term limit, anyone elected in 2013 should be retired from the Board of Governors. It has nothing to do with their qualifications, but there is a time for new ideas to replace the old.

Numismatics is not a dying hobby. For as long as physical currency is in use, there will be someone to collect those items and the billions of coins already in collections around the world. But there is some trouble in the hobby.

The ANA has to figure out its long-term direction in the context of today’s society. Kids are no longer checking mom and dad’s pocket change looking for coins. They are not encouraged to do so, but there are no incentives for them to begin. There is no long term encouragement.

We have to adapt to a new way of thinking. Unfortunately, very few of the candidates’ statements show that they are seriously thinking about the future.

Change begins with change. It is time for those who have served to retire from the Board and let others step forward. Let’s thank them for their service and allow them to move on.

It may not be a revolution, but evolution is necessary.

In a few weeks, I will post my endorsements.

Until then, I welcome your thoughts.

The envelope, please…

This evening I was loading my truck to make a delivery. At least once per week am running out the door after closing to deliver items when my cell phone rang. After lifting a large desk into the bed of my pickup truck, I was initially dreading the call. This customer has canceled before after I loaded the truck.

But this was different. The call was from American Numismatic Association Executive Director Kim Kiick. As chair of the Technology Committee, or I think we are now called the money.org committee, we discuss issues that arise making a call from Colorado Springs not surprising. After securing the desk, I did not listen to the message. I just called her back.

Today’s call was different. Kim was not calling me to discuss an issue but to give me the news that the ANA Board of Governors has selected me to be the 2019 recipient of the Glenn Smedley Memorial Award!

WOW!

I was and am still SHOCKED! And very honored!!!

First, from the ANA’s website: “The Glenn Smedley Memorial Award was created in memory of Glenn B. Smedley, a collector’s collector, to recognize individuals who have devoted their efforts to the betterment of the ANA.”

I became a member of the Technolgy Committee a few years ago after publishing many articles on this blog about how far behind the ANA was in the use of technology. It was a chance to put-up or shut-up.

When the chair of the committee resigned, I was asked to succeed him. That was not a problem. I continue to believe in the mission of the ANA, and I believe that the only way to bring in younger members is to find ways of making the ANA more technology aware. I was not doing this for awards–especially now that I am trying to run a business.

I am rarely overwhelmed. Then I went to the website to see the list of past recipients and I am in absolute awe of the decision.

The award will be presented at the World’s Fair of Money this August. I should probably make arrangements to be there!

THANK YOU TO THE ANA BOARD OF GOVERNORS FOR THIS HONOR!

Weekly World Numismatic Newsletter for March 31, 2019

2019 National Money ShowDid you know there was a big coin show in Pittsburgh?

The National Money Show was held this past week in Pittsburgh with a rousing silence. There was no news. No announcements. Nothing.

It had to be one of the quietest shows in recent memory.

Although I could not attend, I was waiting for something to come across my email to let me know that the numismatic industry is alive, well, and enjoying Pittsburgh.

Pittsburgh is a really nice place. It has shaken off its past as a result of the steel mills closing and has really turned itself around. Its redevelopment was well underway when I attended Carnegie Mellon for graduate school. It has only become better.

Since it is baseball season just two off-topic notes about Pittsburgh. Did you know that the last home plate used for Forbes Field is under glass in the main hall at the Pitt Law School? It’s not the exact location but close enough. Also, behind the Law School is what remains of the left field wall. It was left in tribute to the Bill Mazeroski game-winning home run against the Yankees in the 1960 World Series.

Did someone go to Pittsburgh for the National Money Show? Or did they go out and ride the Duquesne Incline, visit the Strip District, tour the Heinz History Center, or relax in Schenley Park? There are great places to eat on the South Side including at Station Square, but there was a show going on. What happened?

Instead of worrying about whether a kids-oriented set sold by the U.S. Mint is good for the hobby, maybe the hobby has to think about letting the world know that it still exists!

And now the news…

 March 24, 2019

The Royal Mint unveiled its Peter Rabbit 2019 coin recently, with the new designs becoming available only last week. At the time of writing, three different designs of the mischievous Beatrix Potter character had been released.  → Read more at express.co.uk


 March 25, 2019

A commemorative 50p coin to celebrate Brexit has not been minted yet, in what must surely be the ultimate metaphor for Brexit. The coin was announced at last year's Budget, with the Treasury suggesting it would bear the date '29 March 2019' and be available from Brexit day.  → Read more at mirror.co.uk


 March 25, 2019

The single biggest hoard of Celtic coins ever found is now thought to be two separate stashes that were buried together. The Le Câtillon II hoard includes 70,000 gold and silver coins and 11 gold torques, or necklaces, and dates to the First Century AD.  → Read more at dailymail.co.uk


 March 25, 2019

This rare Irish coin could fetch thousands of Euro at an auctionWhyte's A rare Irish 20p coin could fetch up to $6,800 (€6,000) at an upcoming auction in the Dublin. Read More: A guide to valuing all your old Irish coins  → Read more at irishcentral.com


 March 27, 2019

A COIN fan who stabbed a fellow enthusiast to death and stole his collection has been jailed for life. Danny Bostock, 33, broke into Gordon McGhee’s flat and knifed him at least 14 times. SWNS:South West News Service  → Read more at thesun.co.uk


 March 29, 2019

From time to time, legislation gets introduced in Congress to eliminate dollar bills in favor of dollar coins. The lawmakers pushing the legislation always tout it as a way to save the government money.  → Read more at fedsmith.com


 March 30, 2019

KOLKATA: Winds of change are blowing over this 232-year-old church, tucked in one corner of Dalhousie, diagonally opposite Raj Bhavan. St John’s Church, which was the first cathedral the British built in the country and was the only cathedral till St Paul’s was built, is being thrown open to public programmes.  → Read more at timesofindia.indiatimes.com

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Weekly World Numismatic News for August 19, 2018

The world of numismatic news of the week centers around theAmerican Numismatic Association’s World’s Fair of Money that was held in Philadelphia this past week. Here are the top news items from this past week?

    Eliasberg 1913 Liberty Head Nickel (Image courtesy of PCGS

  • The Eliasberg 1913 Liberty Head nickel sold for $4.56 million at the Stack’s Bowers Auction to an undisclosed buyer. The coin graded PR-66 by PCGS is the finest of the five 1913 Liberty Head nickels. It is the highest price ever paid for a coin not struck from a precious metal.
  • 1792 Washington President Gold Eagle Pattern (Image courtesy of NGC)

  • The Unique 1792 Washington President Gold Eagle pattern coin was sold for $1.74 million by Heritage Auctions. The coin, graded XF-45★ by NGC, is from the Eric P. Newman Educational Society collection. Proceeds from the sale will benefit the Society. The coin was acquired by Newman from the Col. E.H.R. Green Collection in 1942. Aside from being one of Newman’s favorite coins, it was also believed to be Washington’s pocket piece.
  • David J. Ryder, Director of the U.S. Mint.

  • Director of the U.S. Mint David Ryder announced that the Mint will introduce a gold coin series promoting the “Virtues of Liberty” starting in 2019. The announcement was given to Coin World who has not published the details of the program. One would think that an agency of the federal government would make this information generally available to the public and not exclusively to one publication.
  • 2019 Frank Church River of No Return Wilderness Quarter (Idaho)

  • The U.S. Mint publicly introduced the designs that will appear on the reverse of the 2019 America the Beautiful Quarters. National treasures being featured in 2019 include Lowell National Historical Park (Massachusetts), American Memorial Park (Northern Mariana Islands), War in the Pacific National Historical Park (Guam), San Antonio Missions National Historical Park (Texas), and the Frank Church River of No Return Wilderness (Idaho).

My report on my time in Philadelphia is coming soon.

And now the news…

 August 13, 2018

Michael Turrini, a memer of the Fairfield Coin Club, holds different types of currency from Africa, Sunday, Aug. 12, 2018. The cowry shells and iron cross are both used as money. (Susan Hiland/Daily Republic) FAIRFIELD — Treasure hunters came out Sunday to find the rare coin, and they brought their  → Read more at dailyrepublic.com


 August 13, 2018

Never miss a story or breaking news alert! Listen at work or while you surf.  → Read more at kywnewsradio.radio.com


 August 15, 2018

The World's Fair of Money is "an opportunity for our members and the general public to see a lot of coins they could never see otherwise […] plus, an opportunity to see some of the largest, most successful [coin] dealers in the country," said Douglas Mudd, Curator and Director of the American Numismatic Association Money Museum. The World's Fair will feature millions of dollars worth of rare coins- coins whose values were once less than a dollar.  → Read more at philly.com


 August 15, 2018

A Navy veteran recalls a sacred tradition for warships.  → Read more at navytimes.com


 August 17, 2018

Rs. 1 coins also hit; rumours about their discontinuation have been doing the rounds for over a year now  → Read more at thehindu.com


 August 17, 2018

The one of a kind George Washington gold coin, dating back to the 18th century, was sold for $1.7 million this week with all the proceeds going to charity, according to Heritage Auctions.  → Read more at kitco.com


 August 17, 2018

https://mma.prnewswire.com/media/730083/1943_Bronze_Cent.jpg?p=facebook  → Read more at prnewswire.com

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If it’s Thursday it must be Philadelphia

Good morning from the Pennsylvania Convention Center in beautiful downtown Philadelphia where the American Numismatic Association World’s Fair of Money is being held. I made to Philly last night after closing shop and will be spending the day here. Tomorrow morning I will be attending the Board of Governors meeting as Chair or the Technology Committee and then will head back to the D.C. area.

First on the agenda this morning is the e-Learning Platform Presentations. For those who do not know, the ANA is looking to expand its educational mission by offering courses online, something that has been on my agenda for many years.

It is an open session in Room 122A of the Convention Center. While it might not be the most exciting of the sessions, it is important to the future of the ANA. The presenter will be Blackboard, D2L, and eINNOV8. I have heard and used Blackboard when I was an adjunct professor with the University of Maryland System. For me, it will be interesting to see what has changed. The others I have never heard of until this exercise. Seeing how they differentiate themselves will makes it interesting.

For the rest of the day, I will be live Tweeting @coinsblog from the Convention Center. I will try to post a summary tonight. Stay tuned!

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