Perusing the wide world of coins, I noticed that it is only here in the United States that collectors complain about modern coinage. Why?
My Twitter followers (@coinsblog) have seen the articles coming from the United Kingdom. U.K. news outlets have staff that follows the special issues from the Royal Mint that are selling for hundreds of times over their face value in online auctions. These coins have a limited run and are issued as circulating commemorative coins.
Similarly, the Royal Australian Mint recently released an alphabet series, similar to what the Royal Mint did in 2018. As part of the series, they created a stir when they used the letter “X” to highlight a small village in Western Australia. Aussies learned something about their own country.
In the United States, we bemoan new issues by the U.S. Mint. We look at the coins and come up with some reason to dislike them. Many of the reasons range from the parochial to the absurd.
Dealers do not like them because they make more money on selling you what they think are “better” coins. Rather than try to use the opportunity to get people interested and into their shop, they would rather sell a more expensive coin. Note to dealer: selling 100 coins at a $1 profit is the same as selling one coin for a $100 profit except that you now have 100 new customers rather than recycling old ones.
Another reason I hear is that modern coins are not worth the money and, therefore, not worth the time. Really? Are you collecting or investing? Are you enjoying your collection, or is it something to do?
Recently, I sold off my Morgan Dollar collection. I started the collection many years ago and realized that I did not have the eye for coins that I have today. I also lost interest.
Someone asked what am I collecting today. I respond with modern circulating commemoratives. When I get a strange look, I have been responding with, “do you know what the Frank Church River of No Return Wilderness is?”
Who is Frank Church, and what is the River of No Return? If you paid attention to the American the Beautiful Quarters program, you would learn more about your own country. I did not know about this wilderness area in Idaho until I looked at the quarter.
I also learned that the Northern Mariana Islands and Guam, both United States territories, have beautiful memorials to those who gave their lives in World War II.
Now collectors are lamenting the new American Innovation $1 coins. Why? Because they do not circulate? Then go pick up a roll and start spending them! You can show people the series that is beginning with honoring Annie Jump Cannon, who invented a system for classifying the stars still used today. Aside from being a Delaware native, Cannon was a suffragist and hearing impaired.
Stop being so stuck up about modern coins, buy a roll, and give someone a William Henry Harrison dollar. Then ask them why Harrison is so important to U.S. history? Pick a president who is not famous and do the same exercise.
If you have children, why not plan a trip based on the quarter that has been released. If you cannot travel to Guam to see the War in the Pacific National Park, then a trip to San Antonio Missions National Historic Park. You can also Remember the Alamo and visit a fascinating area of the country.
Collecting modern coins may not make the dealers rich or be a great investment. But there is enough material to have fun beyond just accumulating metal discs.
And now the news…
October 10, 2019
Weet-Bix is given the “W” in an A-to-Z collection depicting “all things Australian.” Weet-Bix, a breakfast cereal manufactured by a Seventh-day Adventist health food company in Australia, is set to cement its icon status.
→ Read more at adventistreview.org
October 11, 2019
Finance minister Tito Mboweni on Friday finalised the designs for the 2020 silver Kruger Rand and the R25 Natura Series collectable coin due next year. He also gazetted an update to a coin design that makes a leopard featured in a Big 5 collectable coin series somewhat less angry.
→ Read more at businessinsider.co.za
October 12, 2019
As many as 96 varieties of coins used during the period of the Western Ganga dynasty, which ruled Karnataka, are among the attractions at the three-day philately and numismatic exhibition here. Among the other exhibits at the 12th State Level Philately Exhibition organised by the Karnataka Postal Circle are commemorative coins, Chinese gold panda coins, stamps on 100 years of Indian cinema.
→ Read more at thehindu.com
October 12, 2019
ANCHORAGE, Alaska (AP) — A young Alaska Native woman left an impression on Alaska’s territorial Senate in 1945, delivering a speech that led to the passage of the nation’s first anti-discrimination law.
→ Read more at seattletimes.com
October 15, 2019
MURRELLS INLET — The ship owned by the richest man in America is giving up its gold, again. The North Carolina was a side-wheeled steam packet, a coastal transport that carried mail and was owned by Cornelius Vanderbilt.
→ Read more at postandcourier.com
October 16, 2019
One of the rarest coins in the world is set to sell at auction for an incredible £1.6million. The Umayyad gold dinar dates back to 723AD and was made from gold mined at a location owned by the Caliph – one of the successors to the Prophet Muhammad.
→ Read more at dailymail.co.uk
October 16, 2019
A Bunbury businessman has unearthed one of Australia’s rarest coins — worth more than $10,000 in mint condition —while birdwatching in the Goldfields outback. Mick Cross was photographing birds at Malcolm Dam near Leonora when he picked up a small coin sitting in the dirt metres from the popular camp site.
→ Read more at thewest.com.au
October 16, 2019
Calling all Antique Roadshow enthusiasts. Have you ever seen a large metal coin featuring an old lamp with the number 60 on it? After discovering this mysterious-looking coin among her Grandmmother’s collection, a woman from Chilliwack is asking the public if they have any idea what it is.
→ Read more at coastmountainnews.com
October 18, 2019
Nowadays, having savings and investments both have equal weight in importance and necessity as well. In terms of investments, there are a lot of options for you to choose from. These options range from stock investments to mutual funds to cryptocurrency.
→ Read more at nuwireinvestor.com
October 19, 2019
Binyamin Elkin, the six-year-old son of Jerusalem Affairs and Heritage Minister Ze'ev Elkin discovered a 2,000-year-old coin from the City of David excavations at the President's Residence on Thursday.
→ Read more at israelnationalnews.com
The Canadian Broadcast Company reported that a bank in Montreal refused the deposit of $800 in rolled coins.
Julien Perrotte saves the coins he receives in change. Every year he will sort and roll the coins so that he can deposit them into his account at Laurentian Bank. This year, the bank told Perrotte that it was a new policy not to accept coins.
Canadian laws do not require banks to accept all legal tender coins or currencies. They can refuse to take any form of specie and only operate using electronic funds.
Laurentian Bank has taken advantage of these laws and no longer employ human tellers to accept cash. Customers can deposit currency and checks in their automated banking machines. The machines do not accept coins.
Before people begin to criticize Laurentian, this is starting to occur in the United States. Banks and other financial institutions are beginning to offer checking and other consumer banking services accessible online. They do not have branch offices.
The largest and most successful of the online banks is Ally. Anyone can open an Ally account and have access to the full line of banking services except you cannot deposit cash.
Then there are banks with physical presences that are transitioning to a model like Laurentian. Capital One Bank entered the consumer banking business when it started buying smaller banks in 2005. Today, Capital One is closing branches and consolidating teller operations in Capital One Cafes. Customers that do not live near Capital One Cafes can deposit currency and checks via an ATM but cannot deposit coins.
Does this mean we are heading toward a cashless society?
No! It means that the United States has an economy diverse enough to support new ideas in banking services while maintaining traditional banking operation. It is because the United States has a diverse economy that includes a cash-based transaction (see here and here) that will prevent our society from going cashless.
Rather than try to deal with Laurentian Bank’s new policy, Perrotte said he will be taking his business elsewhere.
While perusing the news sources looking for numismatic-related news in the general media, I am noticing that there is an increase in crimes involving coin dealers. Between robberies or scams against dealers, the escalation of crime is noticeable and concerning.
Any business that handles money is a potential target for criminals. Even with the policies of dropping excess cash into time-locked safes, criminals will rob any store where they can easily take a few dollars.
What makes robberies from coin dealers concerning is that these types of crimes increase when the criminals are looking for a more significant take when their economic situation appears to be getting worse.
Although the markets may be up and the unemployment numbers are low, the indications are that the economy has some soft spots that should be concerning to everyone. The number of people taking contingent and alternative employment arrangement, sometimes called the gig economy, has risen in the last year. The Bureau of Labor Statistics reports that much of the rise in the gig economy is being used to supplement regular income.
In the last month, silver has been a rise of nearly $2 since the beginning of August. Even though silver has dropped to $17.88 from a $19.30 high in September, economic indicators suggest that global affairs will prevent the price from falling. These investors will be affected by a potential oil crisis following the bombing of Saudia Arabian oil fields and the trade war caused by tariffs.
Gold has been relatively flat over the last few months although up for the year. As an investment instrument, gold is favored by large and institutional investors. What is preventing their rise is that on a larger scale, they are not as worried by global affairs. The investments they are involved with are not as affected by a potential oil crisis and a Chinese trade war. Many have isolated themselves from these issues.
The concern is that the split in the economic effect will cause those at the lower ends to try to find some relief by turning to crime. A stolen American Gold Eagle coin has the potential to yield a better return than robbing a convenience store.
As some dealers are pushing the sales of gold, think about what they are saying about the economy.
And now the news…
September 12, 2019
OYSTER BAY, NY — A Fort Salonga coin dealer has been accused in a $330,000 coin consignment and sales scheme in which he bilked several coin dealers and private collectors out of money, gold and collectible coins under the guise of legitimate coin deals, prosecutors said. → Read more at patch.com
September 13, 2019
Photographer: Ted Aljibe/AFP via Getty Images Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal Friday to relocate its production facility for coins and bank notes to New Clark City, a former U.S. air base where the government is building a back-up capital. → Read more at bloomberg.com
September 16, 2019
Julien Perrotte stood in front of the representative at his local bank last week, unsure he properly understood what she was telling him. He was carrying about $800 worth of coins, sorted and rolled, that he had collected over the past year. → Read more at cbc.ca
September 17, 2019
September 18, 2019 – Sibenik was the first city in Croatia to mint its own money during the Venetian period. Today, the city has released a new sweet souvenir in its honor. HRTurizam writes that back in 1485, the Venice Council of Nine approved the minting and use of Sibenik's coins – known as the bagatin, which was a means of payment in the city for more than two centuries. → Read more at total-croatia-news.com
September 17, 2019
Break-in happened Aug. 30 in Silver Spring Montgomery County police released surveillance video Tuesday of a man stealing what they estimate to be $6,500 in property from a downtown Silver Spring rare-coin store on Aug. → Read more at bethesdamagazine.com
September 17, 2019
More and more people are swapping cash for contactless payments – which means fewer coins are being made. That means the Royal Mint, the company which produces coins for the UK, don't make as many anymore. → Read more at bbc.co.uk
The U.S. Mint unveiled the design of the Basketball Hall of Fame coin at the induction ceremony in Springfield. I found the story on NBA.com, created a post that was later picked up by the rest of the numismatic community.
A day later, the U.S. Mint issued a press release about the design announcement to the general public.
Over the last year, the information from the U.S. Mint has had problems. Announcements are being issued late. On a recent case, they had to issue corrections. Now, they cannot even include the numismatic community in a collectible that has generated excitement.
The U.S. Mint may be the largest manufacturer of coins, but their communications skills leave much to be desired.
Why is the U.S. Mint not partnering with the numismatic media to get their word out?
Why is the U.S. Mint not issuing general press releases to all news outlets to publicize what they are doing?
Why is the U.S. Mint not publicizing themselves? Aside from being the sole manufacturer of coins in the United States, they are making a profit! Although some decry the amount of seigniorage they earn, it is a profit center for the United States government.
Tell the world!
Tell the world that not only are you producing coins but collectibles. Tell the world that you are producing bullion. Tell the world about the commemorative coins.
Why was the U.S. Mint not out in public in the run-up to the 50th Anniversary of Apollo 11 to highlight the coins? Why was the U.S. Mint not involved in helping celebrate one of the most significant events in United States history?
While the U.S. Mint did participate in National Coin Week, its outreach beyond the collector community leaves much to be desired. The U.S. Mint is doing itself a disservice. They are not helping the numismatic community. And, by extension, not doing right by the country which they are supposed to serve.
Why is this a difficult concept for the U.S. Mint?
It is time for Director David Ryder to either lead the U.S. Mint forward or vacate the job and allow someone who understands modern marketing to raise the bureau’s profile.
And now the news…
September 8, 2019
Nevada Appeal staff report As the 150th anniversary of the opening of the U.S. Branch Mint in Carson City draws closer, the Nevada State Museum is expanding the days it showcases one of the Mint’s most enduring artifacts. → Read more at nevadaappeal.com
September 8, 2019
MANAMA, Bahrain — There's a burgeoning online market for the elaborate and colorful coins pressed into the palms of Navy petty officers when they pin on their anchors and take the chief petty officer's pledge, but some critics say the trade diminishes the value of the tradition. → Read more at military.com
September 9, 2019
The Australian Security Intelligence Organisation (ASIO) has teamed up with the Royal Australian Mint to release their first ever coin featuring a secret code. The coin was released in commemoration of ASIO’s 70th anniversary this year. → Read more at businessinsider.com.au
September 15, 2019
PROVO — The camera rows behind the baseline of a basketball court offer a vantage point of the game unlike anything caught from the nosebleed seats or even on television. It’s there where you can truly absorb the athleticism of the sport and appreciate how the way men and women fight for a loose ball, a ball much smaller than their gargantuan frames, flows elegantly like poetry. → Read more at ksl.com
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:
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.
2019 Glenn B Smedley Medal
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.
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.
2007 Somalia Motorcycle Coins
I love these coins but is this the direction the U.S. Mint should go?
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.
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.
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.
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!
While perusing the news for numismatic-related stories, some of the searches tend to find letters to the editors from people who tell a part of their collecting stories. This week, I came across a letter from a collector in the outer suburbs of the Chicago area.
Token for a free bottle of Coca-Cola in 1915-16
Gregory Martin wrote to the editor for KendallCountyNOW.com that he would ” like to bring to mind the concept of starting your young ones on starting a coin collection.”
In three of the four paragraphs, Martin shows his passion for both collecting and how it relates to history. He mentions the 3-cent nickel and the 1943 steel cents as gateways into understanding what was happening in our country’s history.
Martin may have touched on something that today’s teachers can use to explain history. For example, the story of westward expansion was more about economics than exploration. People left the east for better opportunities, to find gold, discover silver, or for 40 acres and a mule. These stories can be taught using the money of the times.
As collectors, we know about fractional currency, postage stamp money, and why arrows periodically appear on minor coinage of the time. However, using these tangible items as props, a teacher can explain the history and show the results by using the money of the time.
Every coin, currency, and token is a reflection of the times when and where produced. A teacher can use the history of the San Francisco Mint to teach about the Gold Rush and the Great Earthquake of 1906.
The New Orleans Mint had its place in the Civil War.
The Carson City Mint is as much a story about the old west as it is about the economic battles, including the Crime of ’73.
Trade and sales tax tokens can show how stores, states, and municipalities tried to work through the Great Depression. Transportation tokens show how transportation had grown in the 20th century. And how some cities, like Baltimore, issue its own “currency” to help promote local business.
One Dollar Baltimore B-Note featuring Frederick Douglas and a Baltimore oriole.
Using numismatics to learn about history goes beyond the United States’ borders. After becoming interested in Canadian coins, I learned more about the British monarchy and the decline of the monarch’s power by studying the transitions from Queen Victoria to Queen Elizabeth II.
After finding three banknotes from the State of Chihuahua, I learned more about the Mexican Revolution after trying to understand why currency for a three-year state existed.
Maybe it is time to take the saying “history in your hand” and turn it into something tangible. After all, a handful of trade and sales tax tokens may have more of an impact than just reading about the Great Depression.
And now the news…
August 18, 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. → Read more at cnn.com
August 24, 2019
TREASURE-hunters have dug up a hoard of ancient silver coins dating back to the Battle of Hastings in 1066 – worth an impressive £5million. A metal-detecting couple made the lucky find while searching an unploughed field on a farm in north-east Somerset. → Read more at thesun.co.uk
August 24, 2019
Such a hobby does not take a lot to start and can be rewarding in so many ways. To start with you learn about money and in it's many denominations, including the Civil War 3 cent nickel! In American collecting you can observe the way our country grew and developed, gaining a perspective on people and actions of this great nation. → Read more at kendallcountynow.com
August 24, 2019
For the first time in almost half a century the Treasury has ordered the Royal Mint to stop producing any 1p or 2p coins. The crackdown on coppers comes at a time when all our cash is under threat – with banks preferring that we pay for goods online or with cards because it saves them money. → Read more at thisismoney.co.uk
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.
2019 Glenn B Smedley Medal
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
This 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
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
Congress is nothing if not full of shallow people who would pander to their own mothers if it meant winning a vote or two. Their shallowness is on display just before they go on an extended break when members drop bills into the virtual hopper for consideration.
In the old days, members of Congress would write have the bills printed on paper and dropped into a physical hopper. The Clerk of the House would empty the hopper and enter new bills into the Congressional Record and add it to the calendar. The bills are sent to the Government Printing Office (GPO) for publications. Nowadays, the hopper is virtual. The submittal process is all by the press of the button — however, the still prints the bills and the Congressional Record causing delays in reporting.
Members of Congress know this and can milk a story for days while they travel back to their districts for their summer break.
It is excellent public relations for these people whose approval rating is lower than drain cleaner. So in between the bills to rename Post Offices, federal buildings, and sections of highway are bills to create commemorative coins. Congress gets a nice writeup about these bills that they hope their constituents will remember knowing most people have short attention spans.
The numismatic media is no different than any other press sectors. Every numismatic-related bill that is introduced gets banner headline coverage even though very few will receive a hearing. The only difference in their reporting is that the numismatic media will bury the term “if it passes” somewhere in its reporting.
Then, when a bill passes one chamber and sent across to the other, someone is breaking out the champagne. Except someone forgot that we are talking about Congress where nothing is easy. Sure, the Women’s Suffrage Centennial Commemorative Coin Act (S. 1235) and the Christa McAuliffe Commemorative Coin Act of 2019 (S. 239) passed the Senate, but the House has not accepted these bills. Members of the House will not let these bills in the front door because they are revenue-generating bills, which constitutionally must be introduced in the House.
It was particularly interesting when a Tennessee newspaper lauded Sen. Marsha Blackburn (R-TN) for S. 1235 without noting that the bill introduced by this one-time member of the House is blocked for violating the constitution.
I find this stuff fascinating. Then again, I used to work for the federal government!
And now the news…
July 28, 2019
We’ve had a whole host of new currency introduced recently, but what should you do if you still have old coins or notes knocking about? The answer depends on what kind of currency you have, and how long ago it went out of date – while you can still exchange the recently changed notes and coins, you may be out of luck if you find any half-pence or farthings. → Read more at simplybusiness.co.uk
July 30, 2019
A Vancouver Island man has spent the last 10 years uncovering thousands of items using his metal detector — many of which are historic and valuable, he says. → Read more at cbc.ca
July 30, 2019
Nearly two years after they stopped being legal tender, 145 million old-style £1 coins are still missing. → Read more at bbc.com
July 30, 2019
Collectors are only too happy to share the history of their collections with visitors → Read more at gulfnews.com
July 30, 2019
KANSAS CITY, Mo. — From Satchel Paige to Jackie Robinson and Buck O’ Neil, several of baseball’s iconic players began their professional careers with the Negro Leagues in Kansas City. Now those legends, along with countless others, could be honored with a special, commemorative coin. → Read more at fox4kc.com
August 1, 2019
Twin Cities coin dealer Barry R. Skog has been sentenced to 30 months in prison by U.S. District Judge Wilhelmina Wright for perpetrating a counterfeit coin fraud scheme. → Read more at startribune.com
August 2, 2019
The PIL filed by the National Association for the Blind (NAB) sought directions to the RBI to include distinctive features in coins and in currency notes, so visually-challenged persons can easily identify the same. → Read more at hindustantimes.com
While there was plenty of news this week, I want to take this opportunity to use myself as an example. Some may have noticed that the blog was taken down for a little more than a day earlier this week. The downtime was necessary to clean up after my account was attacked.
The attack occurred after I had given the person who is maintaining my company’s website the administrative passwords. Although that person did not attack my account, the use of compromised services on the Internet allowed the attack to happen.
Being attacked by malware on the Internet is nothing new. I am sure that most of you experienced an attack either of a website, your email, or social media account. The clean up is not fun. The embarrassment after spending a career as an information security profession is enormous.
I do pay attention to my version of the world to make sure that what I am involved with does not cause problems. Even so, something got passed my watch and infected my entire account, including this blog and the news site.
I have written about security issues in the past. As my experience has shown, letting down your guard can lead to an unintentional disaster.
I know that Internet security is both problematic and annoying. Having to watch over your virtual shoulders can make the time you spend online unpleasant. But it has to be done. You have to stay aware because the threats adapt as you do.
Fans of Hill Street Blues will remember that after the morning briefing, Sergeant Phil Esterhaus would say, “Let’s be careful out there.” Sound advice for the Internet age.
And now the news…
July 14, 2019
London (CNN Business)Alan Turing, a crack code-breaker and visionary mathematician who was convicted under Victorian-era homophobic laws, will be the face of Britain's new £50 note. Bank of England Governor Mark Carney announced Monday that Turing, who killed himself in 1954 after he was subjected to chemical castration, will appear on the new polymer note by the end of 2021. → Read more at cnn.com
July 17, 2019
Nick Vorsin wasn’t sure what he’d find when he stopped in at the Calgary Coin Gallery, but he ended up buying a couple of nice surprises: two 1967 Canadian Centennial coins. One was a 50 cent piece, featuring an image of a howling wolf, along with a silver dollar featuring a Canada goose. → Read more at globalnews.ca
July 17, 2019
(UPDATED) A study finds that Filipinos frequently use P20 bills, leading to the banknote's wear and tear. A coin version will extend its life span. MANILA, Philippines (UPDATED) – The orange P20 bill will soon get a coin counterpart, an official of the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, July 17. → Read more at rappler.com
July 18, 2019
Before you say, "Keep the change," make sure you don’t have one of these. You never know, one of your pennies could be worth the price of a nice dinner out — or maybe a whole lot more. → Read more at cnbc.com
July 21, 2019
Richard Hayes left a $45 million coin on the streets of Manhattan all day Tuesday, but he wasn’t particularly worried about a thief carting it off. → Read more at marketwatch.com
July 21, 2019
Rusty Goe has spent much of his professional life on a deep dive into the history of the U.S. Mint in Carson City. He’s written multiple books on the subject and spent thousands of hours in research, getting to know the people who worked there 150 years ago. → Read more at carsonnow.org
July 21, 2019
There was an increase in hoarding coins during the "tumultuous" reign of the queen, an expert says. → Read more at bbc.com