One of my favorite quotes is from philosopher, essayist, poet, and novelist George Santayana who wrote, “Those who cannot remember the past are condemned to repeat it.” I was reminded about this quote while reading the news and stumbling over a story “Stamp Out the Sexist Legacy of the Dollar Coin” by Addison Nugent.
The Susan B. Anthony dollar coin was introduced in 1979 with much fanfare for being the first coin to honor a woman. The coin was a failure because it was confused with a quarter
Ms. Nugent, who revealed that she is distantly related to suffragette Susan B. Anthony, laments the lack of women on United States coins and currency. She rightly points out that Susan B. Anthony was “the first nonfictional woman to grace the face of the dollar coin” only to complain later that the coin was removed later.
Nugent complains that the design of the coins and the fact that they use the visage of a female as the reason these dollar coins have not been successful. What Nugent failed to do is learn from history and the facts.
The failure of the Susan B. Anthony dollar was not because the coin depicted a woman or was called the “Agony Dollars” (I had never heard this term before reading the article). The coin failed because of the decision to make it too close to the size to the Washington quarter, had reeded edges like the Washington quarter, and on a simple glance was consistently confused with the Washington quarter. The confusion made the coin very unpopular in the United States but continues to find usage in other countries whose currency is based on the U.S. dollar.
The unveiling of the Sacagawea Dollar design at the White House with (L-R) First Lady Hillary Clinton, Sacagawea Model Randy’L He-dow Teton, and Designer Glenna Goodacre.
When it came time for Congress to recognize the failure of the Susan B. Anthony Dollar, Congress approved a new design and went out of their way to select another historic woman to feature on the coin. After several suggestions, Sacagawea, the Shoshone guide of the Lewis and Clark expedition, was eventually chosen to appear on a coin that was to be golden in color and a smooth edge. When the designs were reviewed, Treasury picked Glenna Goodacre’s design with the profile of Sacagawea in three-quarter view and her infant son, Jean Baptiste Charbonneau, carried on her back. It is considered one of the best circulating coin designs of the modern era.
Nugent then wrongly notes that “Sacagawea coins were pulled from circulation from 2002-2008 and from 2012 onward.” I do not know where she gets her facts from, but the reality is that the U.S. Mint, Department of the Treasury, and Federal Reserve does not recall paper currency or coins from circulation. What happens is that when there is no demand for a coin the Federal Reserve stops ordering them from the U.S. Mint.
The reason that the dollar coin does not circulate is not that it depicts a woman. The dollar coin does not circulate because the public has chosen paper over a coin. Even though studies have shown that the public can adopt and that there would be a savings to the government if the paper dollar was no longer printed (see the Government Accountability report GAO-13-164T), Congress does not have the intestinal fortitude to eliminate the paper dollar.
To add insult to the facts, Nugent does not take into consideration that the Sacagawea dollar was changed starting in 2009 to the Native American $1 Coin Program. While Sacagawea continues to appear on the obverse, the reverse honors Native American history. The last I looked the Native American population has undergone a significant negative history in the United States.
Another fact that Nugent does not acknowledge is that even though the U.S. Mint does not produce these coins for circulation they are produced for the collector market. In addition to being included in mint and proof sets, there have been special sets created with Native American coin honoring their accomplishments. Aside from being able to purchase these coins at face value in any U.S. Mint and Bureau of Engraving and Printing facility open to the public, you can also go to any bank and request they obtain a roll for you from the Federal Reserve.
Series 1886 $1 Silver Certificate featuring Martha Washington (Fr #217)
Nugent’s complaints also do not consider the appearance of women and minorities on commemorative coins or that the first woman to appear on circulating currency was Martha Washington. Our first First Lady’s portrait appeared on the $1 Silver Certificate between 1891 and 1896.
Although I agree with Nugent that United States coins and currency should be more diverse and I am in favor of removing Andrew Jackson, who was responsible for the Trail of Tears, from the $20 note, it is difficult to side with any argument whose purpose is based on factual errors.
Popular online magazine Atlas Obscura recently became the latest to probe the question of how an 11th century Viking penny came to rest on the coast of Maine. In the decades since the 1957 discovery by amateur archaeologists, it’s been denounced as a hoax, validated by scholars, denounced as a hoax again and — as recently as this past November — validated by scholars again. → Read more at thinkmaine.bangordailynews.com
When Eric Lawes set off for a field in Hoxne village, Suffolk on November 16, 1992, it wasn’t on a treasure hunt. The metal detector he’d received as a retirement gift was meant to find a hammer lost on the farmland. → Read more at smithsonianmag.com
JAMES Grear started selling coins with his best mate Henry when they were just 18. The pair were fed up with working as labourers on a building site in Bristol earning up to £9 per hour and decided… → Read more at thesun.co.uk
Colonial Williamsburg has acquired a rare and iconic Danish abolitionist medal that commemorates a royal edict to end the slave trade. The bronze medal was struck in 1792 and is one of only a handful known to exist, according to a Colonial Williamsburg Foundation press release. → Read more at wydaily.com
By Baek Byung-yeul Organizers for the 2018 PyeongChang Olympics unveiled a new limited coin set for the Winter Games, Wednesday. At the building of Poongsan Corporation in Seoul, the maker of the PyeongChang Olympics commemorative bill, the organizing committee made public the new package. → Read more at m.koreatimes.co.kr
David J. Ryder at the hearing regarding his nomination to be the 39th Director of the U.S. Mint
As previously reported, the nomination of David J. Ryder to become the 39th Director of the U.S. Mint was returned to the President at the beginning of the second session of the 115th Congress. Under Senate Rules, the nomination neither confirmed nor rejected during the session can be returned on adjournment, unless the Senate agrees to allow the nomination to carry forward by unanimous consent or the majority leader makes the decision.
Apparently, Ryder’s nomination was returned to remove the hold placed by Sen. Chuck Grassley (R-IA) in December. Grassley filed an intent to object to the nomination because “the Department of the Treasury has failed to respond to a letter I sent on September 29, 2017, to a bureau within the Department seeking documents relevant to an ongoing investigation by the Senate Committee on the Judiciary.” Grassley said that the objection was not intended to question Ryder’s credentials but as a punitive action against the Department of the Treasury for not answering his committee’s inquiry.
Ryder’s nomination was resubmitted by the President on January 8, 2018 (PN1355). As required, it was referred to the Senate Committee on Banking, Housing, and Urban Affairs. It is likely to be passed out of committee without a hearing. However, that does not mean Grassley or any other senator would not put a hold on the nomination.
Your government at work.
PN1355: David J. Ryder — Department of the Treasury
Date Received from President: January 8, 2018
Summary: David J. Ryder, of New Jersey, to be Director of the Mint for a term of five years, vice Edmund C. Moy, resigned.
Received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 8, 2019
This is the space where I try to comment on something in the news that I found interesting. Like my update on December 3, 2017, my mind is elsewhere.
If you are a college football fan or happened to watch the Rose Bowl last Monday, my undergraduate alma mater, the Georgia Bulldogs played a thrilling game to beat the Oklahoma Sooners 54-48 in double overtime for the right to play in the National Championship game tomorrow. The last time Georgia played in the Rose Bowl, they were crowned the 1942 National Champions.
Seventy-five years later and 37 years after Georgia’s last National Championship (in the 1981 sUGAr Bowl where I was a member of the Redcoat Marching Band), it will be a battle of Southeastern Conference Titans: Alabama v. Georgia. Also known as the Teacher v. the Student since Georgia Head Coach Kirby Smart was once the Defensive Coordinator and Assistant Head Coach under Alabama’s Nick Saban. Saban’s former assistants are 0-11 against their former boss. At some point, that streak has to end. Why not on Monday?!
Of course, my mood has been affected by Monday’s game. Even while working an antique’s show this weekend, which is why I am not in Tampa for the Florida United Numismatists (FUN) Show, it has been a wild week—and sales have been very good. But I am waiting for the game. Monday night at 8:00 PM on ESPN.
For the coin toss (I have to include some sort of numismatic content), the referees used a silver coin with the logos of the schools on both sides. The coin looked like it was silver dollar size (at least 38mm) and in an AirTite or similar holder. There was no calling “heads or tails.” The logo that showed face up won the toss. For the pre-game and overtime coin tosses, Oklahoma won the toss. But that does not matter. I want one of those coins!
Video of 2018 Rose Bowl Coin Toss
Both the Rose Bowl site and the Highland Mint has what they call “dueling helmets” coins (yes, I know they are really medals). I want one of those silver coins like that was used for the coin toss. I sent a note to the people who run the Rose Bowl to ask how I can purchase one.
If you want to know what kind of mood I will be in on Tuesday, it will correspond to the outcome of the game!
The story of Dr Frankenstein and his cursed monster is celebrated in a new set of coins. A £2 issue will mark the 200-year anniversary of the novel by Mary Shelley which launched the modern horror genre. → Read more at mirror.co.uk
Editor's Note: View Kitco News' full 2018 outlook coverage (Kitco News) – It was a tale of two markets for gold in 2017, as prices made their biggest gains since 2010, but U.S. Mint coin sales were the weakest in a decade. → Read more at kitco.com
Norway minted its own coins during much of the Middle Ages. But the coins didn’t always impress outsiders or even the Norwegians themselves. NTNU Associate Professor Jon Anders Risvaag specializes in medieval coins. → Read more at sciencenordic.com
Challenge coins mean different things to different troops. Senior enlisted and officers tend to place them on a desk to gloat to peers and the more junior troops slam them on the bar to see who’s buying the next round. → Read more at wearethemighty.com
The Royal Mint has unveiled the designs of four new commemorative coins to be launched this year. Based on the sales values of previous issues, these could be attractive investments. Three of the coins commemorate the centenaries of major events and organisations that have helped shape Britain, including a £2 coin that marks the 100th anniversary of the First World War Armistice — the agreement that ended fighting between the Allies and Germany. → Read more at telegraph.co.uk
Nominations neither confirmed nor rejected during the session at which they are made shall not be acted upon at any succeeding session without being again made to the Senate by the President; and if the Senate shall adjourn or take a recess for more than thirty days, all nominations pending and not finally acted upon at the time of taking such adjournment or recess shall be returned by the Secretary to the President, and shall not again be considered unless they shall again be made to the Senate by the President.
The Senate can, however, waive this rule by unanimous consent, and it often does to allow nominations to remain “in status quo” between the first and second sessions of a Congress or during a long recess. The majority leader or his designee also may exempt specific nominees by name from the unanimous consent agreement, allowing them to be returned during the recess or adjournment.
Senate Majority Leader Mitch McConnell (R-KY)
Since the Senate calendars are controlled the Majority Leader, Mitch McConnell (R-KY) allowed the nomination to be silently rejected by not exercising his power to exempt Ryder from Senate Rule XXXI, paragraph 6.
There should be no reason to reject Ryder’s nomination. Aside from being previously confirmed by the Senate, there was no issue with Ryder’s confirmation hearing. In fact, his hearing was considered a pro forma session because of his past experience with the U.S. Mint and commercial Secure Products, a company focused on developing anti-counterfeiting solutions for currency and branded products.
This is clearly a political move by McConnell who has his issues with the president while polls show the popularity of both men is declining. McConnell may be trying to calculate what it will take to hold the Senate this November in an election that is seen to be potentially contentious. McConnell ask has to consider that his term is up in 2020. If he does not retire, he would have to run alongside the president. It might help McConnell to poke the president in the eye when he has the chance.
It has been seven years since Edmund Moy resigned as Director of the U.S. Mint. Since January 2011, there have been three nominations that the Senate has not considered (Bibiana Boerio & Rhett Jeppson by Obama and currently Ryder). At this rate, will anyone accept a nomination given the Senate’s record of inaction? Or will the U.S. Mint have to accept a less than optimal candidate because nobody else will take the job?
Gallery of Rejected Nominees to be Director of the U.S. Mint
Bibiana Boerio was nominated in Sept 2010 but never acted on by the Senate.
Rhett Jeppson was nominated in July 2015 and even had a hearing, but his nomination was not acted on in the Senate.
David J. Ryder was nominated on October 5, 2017, had a confirmation hearing but the nomination was not acted on by the Senate.
The end of the year comes with a lot of endings. This year will mark the beginning of the end for the last major metropolitan area still using transportation tokens.
Just before Christmas, the Southeast Pennsylvania Transportation Authority (SEPTA), the transit agency serving the Philadelphia metropolitan region, announced that they are removing the token vending machines at El (elevated rail stations) and subway stops. The announcement said that they will continue to sell tokens at some stations and the system will continue to accept them.
SEPTA has seen a 1 million token decline in sales just in the last year as people opt to use a SEPTA Key Card and daily QuickTrip passes. It is a trend experienced nationwide. It is the result of better use of electronic payment systems and the increased cost of handling tokens. The cost of credit card swipe fees is less expensive than the physical handling of metal disks.
Farecard technology has been around for a while. I first encountered it in the early 1990s during a trip to Washington, D.C. The Washington Metro began using fare cards as a pilot in 1989 and rolled them out system-wide in 1990. My hometown of New York launched the MetroCard in 1993 and stopped using tokens in 2003.
One of the benefits of the fare cards to the transit agencies is that they can charge differing rates for different situations. Peak fares can cost more than the non-peak while using an express service can be charged an additional fare without having to carry extra tokens. The Washington Metro not only changes fares between peak and off-peak times but charges a different fare based on distance.
Be prepared Philadelphia, the days of the single fare ride for a token is almost over.
CAIRO, Dec. 24 (Xinhua) — Egyptian security at the Cairo International Airport has thwarted an attempt to smuggle 329 ancient coins to France, the Ministry of Antiquities said on Sunday. The coins, seized from an Egyptian passenger travelling to France, date back to the Byzantine and Ptolemy eras, the ministry said in a statement. → Read more at xinhuanet.com
The Currency Museum shows how diverse our units of commerce have been THE BANK of Japan’s Currency Museum in Tokyo exhibits mainly currencies that have been circulated in Japan, including fuhonsen coins said to be the first ever used in this country, toraisen coins imported from China during the medieval period, and oban and koban (large and small gold coins). → Read more at nationmultimedia.com
The first ever English gold coin that had to be scrapped after a banking blunder meant is was worth less than its weight in gold, is now tipped to sell for £500,000. Some 52,000 of the King Henry III gold pennies were struck nearly 800 years ago before it was realised they were too heavy. → Read more at dailymail.co.uk
BACOLOD CITY— The Bangko Sentral ng Pilipinas (BSP) urged consumers in Negros Occidental to thoroughly check the features of the new PHP5 coins already circulating in the province. “We urge Negrenses to check the features, mainly the appearance of the coins they have, to ensure that they spend the right amount,” said Job Nepomuceno, deputy director of BSP-Bacolod. → Read more at canadianinquirer.net
Coin proof set from the reign of William IV and dated 1831 which sold for £65,000 at London auction house Dix Noonan Webb on December 13-15. Three excellent 19th century examples sold in the Coins, Historical Medals and Paper Money auction held by London saleroom Dix Noonan Webb in London on December 13-15. → Read more at antiquestradegazette.com
News cycles seem to be quiet lately. I wonder what is going on in the world?! 😉
All kidding aside, this past week appears that people are rushing to complete whatever tasks are at hand before the holiday weekend and the end of the year. With everyone celebrating, I am not anticipating anything earth shattering from any news sector.
The Boys Town Centennial Commemorative coin features Fr. Edward Flanagan, founder of Boys Town
2017 Lions Clubs Commemorative Silver Dollar Proof Obverse
One thing I will remind those who buy collectibles from the U.S. Mint will stop selling the 2017 Boys Town and Lions Club commemorative coins on December 28. All other coins and medals that will be ending this year, such as anything dated 2016, can be ordered up until December 31.
Remember, the U.S. Mint only accepts orders via their website or by calling 800-USA-MINT (800-872-6468).
The Treasury Department will propose the production of coins bearing the face of His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun to the cabinet on Tuesday. Pachara Anantasin, the director-general of the Treasury Department, said Sunday the proposal will be tabled at the day's cabinet meeting. → Read more at bangkokpost.com
Justice League star Henry Cavill's tradition of giving out "challenge coins" continues and this time it's not just the crew of films he's working on receiving the thoughtful token. Comic book writer and artist Tony Daniel took to Instagram today to share a photo of special token that the Superman actor had sent him. → Read more at comicbook.com
The Alaska Mint released its 2018 state coin design this month. Designed by a local university student, Megan Warren found influence for her design from growing up in Alaska and her Native Alaskan Tlingit heritage. → Read more at anchoragepress.com
One of the cans found as part of the Saddle Ridge Gold Coin Hoard
Although I have been on the road this past week, I have noted a number of topics that I want to write about. There should be a little more time in the weeks to come. But for today, I want to talk about found money.
When I say found money, I am not talking about that $20 bill you left in your pants pocket or the roll of quarters you left in the center console of your car from a time before electronic toll collection. I am talking about the hoards, metal detector finds, and surprising estate sales that keep popping up in the news.
Over the last few months, there have been a number of stories about someone finding a treasure trove of coins, whether it be gold in California, Roman coins in the United Kingdom, or other ancient coins in Israel, the stories continue to fascinate.
Other than Israel, which is the epicenter of three major religions with a treasure buried beneath her soil, Great Britain appears to be the second most popular area for treasure finds.
According to The Telgraph, the number of discovered treasures rose from 1,005 in 2015 to 1,121 in 2016. It is believed that this number will rise again when 2017 is over.
They attribute the new found interest to a popular BBC sitcom called Detectorists. According to IMDB, it is about the “lives of two eccentric metal detectorists, who spend their days plodding along ploughed tracks and open fields, hoping to disturb the tedium by unearthing the fortune of a lifetime.”
I have not seen this show on U.S. television but it is available on Netflix and Amazon Prime Video.
Given the popularity of this show, I wonder if there may be a way to leverage that idea to do a show centered around numismatics to the public. Maybe it could help expand the hobby.
As an aside, if you are going to try your own search using a metal detector, you might want to read this article from The Mirror. Even though it talks about the hobby in terms for a U.K. readership, the information is transferable to the United States. The article provides good tips.
GovMint.com and ModernCoinMart, in cooperation with S&A Partners – The Official Coca-Cola Licensee for Collectible Coins – has teamed up with Coca-Cola® to bring collectors something they've never seen: legal-tender silver dollars that look like Coca-Cola bottle caps. → Read more at prnewswire.com
MUMBAI, India — Vishal Kumar Jain slid his fingertips along the edges of a crisp 500 rupee ($8) note, a pale grey 150 by 66mm piece of paper. He then ran his hands around a 20-rupee note (0.31 US cents), a 147mm by 63mm orange bill. → Read more at trtworld.com
THE Greek word for money, chrema, carries a significance its English translation cannot fully convey. “It means ‘to need’ and ‘to use’ together,” explains Nicholas Stampolidis, director of the Museum of Cycladic Art (MoCA) during a recent visit to the museum’s latest exhibition, “Money: Tangible Symbols in Ancient Greece.” → Read more at economist.com
TEMPO.CO, Jakarta – Bank Indonesia never issue a permit to use candy as a means of transaction replacing rupiah. The use of candies instead of cash for a small exchange mostly found at modern retailers or groceries. → Read more at en.tempo.co
The hoard of dollar coins in the Baltimore Coin Storage
This was an interesting week. Aside from trying to understand the impact of the new tax bill (H.R. 1) on the numismatic industry, I was hired by a widow to help liquidate an accumulation of coins her late husband collected.
I took the job thinking that it could not be that difficult. She said that her late husband was a lifelong collector and had an affinity for half-dollars. It did not sound like a daunting task, so I agreed to meet with her and look at his collection.
Nowadays, when someone calls me for assistance, I usually ask that they take a few pictures with their smartphone and email them so that I can be prepared. In this case that was not possible since my new client did not own a smartphone and expressed displeasure with her “old-fashioned” flip-phone. I was taking a chance.
Rose (not her real name) reminded me of the grandmother-next-door type. Her house was well manicured and the entry reminded me more of the 1950s than any other time. She was neatly dressed as if she was meeting someone of stature. Thankfully, I thought to wear something nicer than my normal jeans and a polo shirt.
We spoke and then she brought me to her late husband’s office. It was quite a contrast from the rest of the house. This was clearly a man’s room whose interest were cars, horses, and coins. Rose said he owned three cars including a 1972 Oldsmobile 4-4-2 (muscle car fans will understand the significance of this car) and had invested in a few racehorses. The cars and the shares in the racehorses were sold but nobody could help her with the coins. Then I found out why.
I was expecting albums, folders, and rolls. When she opened the cabinet, there were five shelves with old cigar boxes, coffee cans, and other containers with loose coins. And while I thought he was a half-dollar collector, he had coins of all types including foreign coins. There were a lot of half-dollars, mostly Walking Liberty halves from the later years and Franklin halves. There was an old metal 35mm film canister with 1964 Kennedy half dollars.
There were several envelopes of foreign currency and Military Payment Certificates he kept from when he was an Army medic in the Korean War.
I have been working with a dealer who specializes in purchasing bulk estates. To help her get the best price, I have been doing a lot of sorting, searching, and ordering of the coins in a manner that would take some of the burdens away from the dealer so he could pay more.
As a bonus, some of the vessels used for storage are also collectibles. The old wooden cigar boxes from Cuba that can be traced to a time before the rise of the Castro regime are highly collectible. So are a few of the coffee cans from brands that have not been heard from in over 50 years including regional brands I had never seen before. That does not include the metal 35mm film canisters. When I asked a dealer, who specializes in old photographic equipment, she made an offer that Rose will probably not refuse.
Considering the size of the accumulation, it will take at least two more days to finish, pack everything, and ship it to the dealer. Although this work is preventing me from writing, I am having a good time. Rose is a nice person and a diehard University of Virginia Cavaliers fan since that was her late husband’s alma mater. Since she decided she likes me, Rose is going to cheer for my Georgia Bulldogs in the upcoming Rose Bowl—which is why I am calling her Rose!
PARIS — Over his 40-year career, the fashion designer Jean Paul Gaultier has had his share of odd requests but until last year, he had never been asked to dress a coin. His imagination has produced outrageous concepts like fitting Madonna into a pointy conical bra, slipping the bearded transgender Eurovision winner Conchita Wurst into a couture dress and sending models down a runway lined with menorahs for his fall 1993 Chic Rabbis collection. → Read more at nytimes.com
Washington – At the U.S. Mint in Philadelphia, U.S. Sen. Roy Blunt participated in the ceremonial strike of the 2018 World War I Centennial Silver Dollar honoring the 100th anniversary → Read more at dailystarjournal.com
Sales of U.S. Mint American Eagle gold and silver coins fell sharply year-over-year in November, keeping their tally for the first 11 months of 2017 on track for the weakest year since 2007, the latest data showed on Thursday. → Read more at reuters.com
Cape Town – The South African Mint, a wholly owned subsidiary of the South African Reserve Bank (SARB), has created a commemorative silver coin in honour of the world’s first successful human-to-human heart transplant 50 years ago. → Read more at fin24.com
These introductions to the weekly news are supposed to be my thoughts and opinions on some of the things I have read while looking for numismatic-related news. For this week, I cannot think of a thing to say.
That is not exactly true. I have a lot to say but it is not numismatic-related!
Honestly, my mind is elsewhere. It is about 600 miles to the southwest from suburban Washington, D.C. in Athens, Georgia. Not only is Athens where I attended college as an undergraduate but it is the home of the 2017 Southeastern Conference Champion University of Georgia Bulldogs!
After beating Auburn last night to win the SEC Championship and learning today that Georgia will be playing Oklahoma in the Rose Bowl for the College Football Playoff Semi-Finals, I have been just euphoric!
So that I can include some numismatic-related content, I know that the Highland Mint strikes most of the medals that are used for the coin toss around college and professional football. In 2015, the Franklin Mint was commissioned to strike the medals for the CFP games. Regardless of who gets the contract, a copy of that medal will likely end up in my collection.
JACKSONVILLE, Fla. — Rare coins that can be potentially worth thousands of dollars may end up being worthless if a buyer doesn't do the proper vetting. Billy Ward told First Coast News he learned that lesson the hard way. → Read more at firstcoastnews.com
MANILA, Philippines — Bangko Sentral ng Pilipinas on Wednesday revealed the new design for P5 coin which would be released in December. The P5 New Generation Currency Coin Series features Gat Andres Bonifacio on the obverse. → Read more at philstar.com
MANILA, Nov. 30 — The Bangko Sentral ng Pilipinas (BSP) announced that of the New Generation Currency (NGC) Coin Series, it will release in advance of the other denominations, the 5-piso NGC legal tender coin for circulation, starting December 2017. → Read more at pia.gov.ph
Once, in a busy market, at a time when government policies had made change scarce and thus very precious, a shopkeeper refused to give a customer change in lieu of a high denomination currency note. In those days tempers were high, inconveniences great. → Read more at dailyo.in
Precious metals such as gold, silver, platinum, and palladium are used by several countries like the United States to mint coins that would satisfy investor demand who want to buy these metals in a more recognizable weight and form. → Read more at born2invest.com
Dubai: You have them in your pockets and take them wherever you go. But do you know what they’re worth apart from their face value? The dirhams in your wallet tell more than how much purchasing power you have now. → Read more at gulfnews.com
The Re 1 note has officially completed a century in its existence. The last hundred years – the first note was introduced on November 30, 1917, with the photo of King George V – have been all but tumultuous. → Read more at moneycontrol.com
NEW YORK (Reuters) – Sales of U.S. Mint American Eagle gold and silver coins fell sharply year-over-year in November, keeping their tally for the first 11 months of 2017 on track for the weakest year since 2007, the latest data showed on Thursday. → Read more at reuters.com
Most of the work in Congress has been on the tax bill (H.R. 1) and non-controversial legislation. The Senate has worked on reducing the number of presidential nominees on the Executive Calendar. Currently, there are 100 nominations waiting to be acted on and David J. Ryder, nominated to be the Director of the U.S. Mint, is 70th on the calendar, up from 126th last month.
PN1082: David J. Ryder — Department of the Treasury
Date Received from President: October 5, 2017
Summary: David J. Ryder, of New Jersey, to be Director of the Mint for a term of five years, vice Edmund C. Moy, resigned.
Received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. — Oct 5, 2017
Committee on Banking, Housing, and Urban Affairs. Hearings held. — Oct 24, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported favorably. — Nov 1, 2017
Reported by Senator Crapo, Committee on Banking, Housing, and Urban Affairs, without printed report. — Nov 1, 2017
Placed on Senate Executive Calendar. Calendar No. 458. Subject to nominee’s commitment to respond to requests to appear and testify before any duly constituted committee of the Senate. — Nov 1, 2017