David J. Ryder Confirmed!

David J. Ryder, 39th Director of the U.S. Mint

During the latter portion of the Wednesday, March 22, 2018 session in the United States Senate, the nomination of David J. Ryder to be the 39th Director of the U.S. Mint was confirmed by a voice vote.

As the Senate was processing the nominations on the Senate Executive Calendar, Ryder’s name rose to the top of the list. When the clerk read the nomination and asked for commentary from the floor, the only statement was from Cory Booker (D-NJ). It is customary that a senator from the nominee’s home state to say something in support the nominee. Since there was no objection from the floor, the Senate moved to suspend the rules and pass the nomination by voice vote.

Previously, Sen. Chuck Grassley (R-IA) threatened to block the nomination because he felt that the Department of the Treasury did not respond to inquiries to his satisfaction. When it came time to follow through with the threat, Grassley was not even in the Senate chamber during the vote.

There was no comment offered by Grassley’s office.

After 2,629 days or 7 years, 2 months, and 13 days, our long nightmare is over. The U.S. Mint now has a permanent director!

Good luck Director Ryder.

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, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported favorably. — Jan 17, 2018
Reported by Senator Crapo, Committee on Banking, Housing, and Urban Affairs, without printed report. — Jan 17, 2018
Placed on Senate Executive Calendar. Calendar No. 596. Subject to nominee’s commitment to respond to requests to appear and testify before any duly constituted committee of the Senate. — Jan 17, 2018
Considered by Senate. — Mar 21, 2018
Confirmed by the Senate by Voice Vote. — Mar 21, 2018
This nomination can be tracked at http://bit.ly/115-PN1355.

Weekly World Numismatic Newsletter for March 18, 2018

When news comes out of the United Kingdom it is fun to read how the British tabloids write about them. They have a way with their words that make no doubt about where they stand.

Philip Hammond has branded a ‘penny-pincher’ after revealing shock plans to scrap 1p and 2p coins (Courtesy of The Sun)

This past week, the tabloids had their fun poking at Philip Hammond, Chancellor of the Exchequer, who suggested that the country no longer produce 1p and 2p coins. He also questioned whether it was to the country’s advantage to eliminate the £50 note.

Chancellor of the Exchequer is to the United Kingdom as the Secretary of the Treasury is to the United States.

During Hammond’s review of the treasury, he said that since 500 million 1p and 2p coins fall out of circulation every year that it might be a good idea to eliminate them.

Hammond is a member of the Conservative Party. Following his statements on the State of the Treasury, MP (Member of Parliament) Wes Streeting, a member of the Labour Party, referred to Hammond as “this penny pincher Chancellor.”

That opened the tabloids and other opposition parties to attack Hammond and the Tories. Much like the argument against eliminating the one-cent coin in the United States, those against removing those coins worry about squeezing the poor a few pennies at a time (allegedly) making their situation worse.

For the £50 note, Hammond cites studies about its use in organized crime for physical payments. However, studies show that the criminals are more apt to use the 500€ note, while it is still in circulation, the 100&euro note, and the $100 Federal Reserve Note. Even with the strong exchange rate being strong on the pound sterling, it is more advantageous for criminals to use higher denomination banknotes.

Prime Minister Theresa May, who has the final say, gave the British press a non-committal statement following the opposition attack. Of course, that opened her up to being called whishy-washy by the tabloids.

The British tabloids do make the news entertaining!

And not the news…

 March 11, 2018

Whether a modern quarter displaying a U.S. national park or a rare, hand-hammered Greek denarius dating back to 250 A.D., history is woven throughout the process and story of all coins, tokens and currencies, according to Monte Mensing, president of the Springfield Coin Club. → Read more at registerguard.com


 March 12, 2018

GAYLORD — When Kandus Schalter received a “challenge coin” from Matt Barresi, director of the Gaylord Regional Airport, she thought she might just keep it in her wallet. But Frank Jasinski thought Schalter, a World War II veteran and local businesswoman with strong ties to the community, should be able to wear it proudly, so he offered to take it to Hogan’s Jewelers, to put a hole and catch in it. → Read more at petoskeynews.com


 March 12, 2018

On Monday, March 12, the National Bank of Ukraine introduces a commemorative coin "The Day of the Ukrainian Volunteer". This was reported by the press service of the bank. The nominal value of the coin is 10 UAH, metal is a zinc-based alloy, the circulation is 1 million pieces. → Read more at 112.international


 March 12, 2018

The Treasury could be paving the way for the end of 1p and 2p coins as it seeks views on the future of cash. It is inviting comments on the mix of coins in circulation as consumers move to non-cash payments such as contactless and digital spending. → Read more at bbc.com


 March 13, 2018

PHILIP Hammond was branded a “penny-pincher” after revealing shock plans to scrap 1p and 2p coins. Unveiling his Spring Statement, the Chancellor resurrected proposals to abolish the “obsolete” copper change. → Read more at thesun.co.uk


 March 15, 2018

The National Bank of Ukraine (NBU) has decided to stop striking coins of low denominations — 1 kopiyka, 2 kopiykas, 5 kopiykas, 25 kopiykas coins, acting NBU Governor Yakiv Smolii has said. “The National Bank stops striking 1 kopiyka, 2 kopiykas, 5 kopiykas, 25 kopiykas coins. All these denominations of coins will be in circulation, but in the … → Read more at kyivpost.com


 March 16, 2018

A pot of 500 gold and silver coins dating to the 15th century was discovered in the Netherlands. → Read more at livescience.com


 March 16, 2018

The five dollar gold coin is the first time the Mint has ever issued currency in a pink hue. → Read more at usatoday.com


 March 16, 2018

Utility workers in the Netherlands struck gold while laying drain pipe at a construction site earlier this month. The employees of Oasen, a water supply company, unearthed a collection of nearly 500 coins in a glazed cooking pot dating back to the 15th century, the NL Times reported — 12 of them gold and the remaining silver. → Read more at nydailynews.com

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Weekly World Numismatic Newsletter for March 11, 2018

It was announced that the Royal Canadian Mint was issuing a silver Canadian dollar commemorating the 180th Anniversary of Baseball in Canada. Being a baseball fan, I went to the Royal Canadian Mint’s website to see if the coin was worth adding to my collection. The came sticker shock!

The coin is convex, similar to the 2014 Baseball Hall of Fame commemorative coins issued by the U.S. Mint. But that is where the similarities end. The reverse of the Canadian coin features a vintage baseball scene reminiscent of the 19th century inside a baseball-looking design. The obverse has the portrait of Queen Elizabeth II. It has a face value of $25 CDN.

Then there are the specifications. When I visited the Royal Canadian Mint’s website, I was floored when I noticed the issue price of 159.95 CAD or about $124.82 at the current exchange rate. Here is a comparison of the coins:

Royal Canadian Mint
180th Anniversary of Canadian Baseball
U.S. Mint
2014 Hall of Fame Commemorative Silver Dollar
Mintage 5,000 (limit) 400,000 (actual)
Proof: 268,076
Unc: 131,924
Face Value 25.00 CAD 1.00 USD
Composition 99.99% pure silver 90% silver
10% copper
Weight 30.75 g
(0.9886 troy ounce)
29.73 g
(0.9558 troy ounce)
Diameter 36.07 mm 38.1 mm
Silver Value
(16.57 USD spot)
16.38 USD 14.25 USD
Issue Price
(1 CAD = 0.78 USD)
159.95 CAD
(124.82 USD)
Proof: $56.95 (preorder: $51.95)
Unc: $52.95 (preorder: $47.95)

If you want a baseball commemorative coin and do not want to break the bank, you can still find the 2014 Baseball Hall of Fame Commemorative Silver Dollar within 20-percent of the issue price in original government packaging (OGP). Even though the artwork is very good, the price of the Canadian coin is too high. At a premium of over 970-percent over spot, it is difficult to justify.

And now the news…

 March 5, 2018

The Central Bank of Lithuania is calling on tech companies and blockchain experts from across the globe to help in the design and production of a digital collector coin. The Central Bank is organising a hackathon in May for third parties to help in the design and development of the one-off virtual currency. → Read more at finextra.com


 March 6, 2018

A new commemorative coin was unveiled Oct. 9 to mark the 100th anniversary of the end of World War I and honor those Americans who served. The silver dollar coin, authorized by Congress in 2014, features a service member holding a rifle to honor those who fought in the war from 1914 to 1918. → Read more at wadenapj.com


 March 6, 2018

Major League Baseball came to Canada in the 20th century with the debut of the Montreal Expos in 1969 and the Toronto Blue Jays in 1977, but that was far from the beginning of the country's history with the game. → Read more at mlb.com


 March 6, 2018

SPRINGFIELD, Ill. (WAND) – A design is needed for the Bicentennial Coin to commemorate the Illinois Bicentennial. Illinois State Treasurer Michael Frerichs announced the Bicentennial Coin Contest on Tuesday. → Read more at wandtv.com


 March 7, 2018

Reverse of new penny design, showing Abraham Lincoln and the Illinois State Capitol in Springfield. (U.S. Mint photo) → Read more at chicagotribune.com


 March 7, 2018

The Royal Mint is encouraging coin lovers to celebrate the UK “one coin at a time”. The new series of 10p coins were released into circulation on March 1 and features an A to Z of British landmarks, icons and traditions. → Read more at dailystar.co.uk


 March 8, 2018

A museum has started a bid to buy part of a gold sovereign hoard discovered hidden inside a piano. The find was made in 2016 in Shropshire when the piano's new owners had it retuned and repaired. It has since been declared as treasure. → Read more at bbc.com

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Weekly World Numismatic Newsletter for March 4, 2018

I apologize for being a day late.

10p “B” reverse for “Bond… James Bond!” issued by the Royal Mint (Royal Mint Image)

Interesting numismatic-related news out of the week is coming out of the United Kingdom. The Royal Mint has introduced 26 special 10 pence coins, with each reverse having a letter of the alphabet and an image representing that letter. For example, the 10p coin with “A” honors the Angel of the North landmark in Gateshead and “B” for “Bond… James Bond.”

All 26 coins have been added to circulation and the Royal Mint is promoting the coins with the hashtag #coinhunt on social media.

For those collecting the coins, the Royal Mint is offering a special album and an app that can be used in the hunt. For those of us outside of the United Kingdom, you can purchase the coins online on the Royal Mint’s website.

It is an interesting idea that could translate to the United States. Let’s see what happens before making that proposal.

And now the news…

 February 23, 2018

A new exhibition at the National Hellenic Museum which will open March 4, will feature the story of coins from early use in ancient Greece to today. Titled “Change: The Story of Coins”, the exhibition will include an interactive display which will highlight how coins are important financial, cultural and political tools. → Read more at usa.greekreporter.com


 February 25, 2018

The National Bank of Poland has issued a special coin commemorating a hero of the Polish struggle for independence. General August Emil Fieldorf (nom de guerre “Nil”), a hero of the Polish-Bolshevik War of 1920 and of World War II, was arrested by the communist authorities in 1950. → Read more at thenews.pl


 February 26, 2018

The Capital City Coin Club will be hosting its 98th Annual Trade Show on Saturday and Sunday, March 24-25, at the Bismarck Eagles Club, 313 North 26th St. Saturday hours will be from 9 a.m. to 6 p.m., and Sunday hours will be from 9 a.m. to 4:30 p.m. → Read more at jamestownsun.com


 February 27, 2018

Sixty two year-old amateur metal detector Richard Patterson found a rare coin from the third century in a field in Winchester, Hampshire. It has now sold at auction for £10,000 ($14,000). → Read more at dailymail.co.uk


 March 1, 2018

The Royal Mint is celebrating Britishness with 26 new, collectors edition, 10p coins – and they've just hit the streets → Read more at mirror.co.uk


 March 2, 2018

February sales of U.S. Mint American Eagle gold coins fell 80 percent from the same month a year earlier, the slowest February sales in 11 years, while February silver coin sales fell to the lowest since 2008, government data showed on Wednesday. → Read more at reuters.com


 March 2, 2018

Recently, at the monthly Veterans Coffee held at the Gaylord Regional Airport, I presented a World War II veteran with our airport Challenge Coin. A guest at the event approached → Read more at petoskeynews.com


 March 2, 2018

Queuing, cricket and tea represent what it means to be British, according to the Royal Mint, which has launched a new collection of 10 pence coins to showcase the "A to Z of what makes Britain great". → Read more at telegraph.co.uk

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Weekly World Numismatic News for February 18, 2018

“Clad in 31 milligrams of pure gold,” or $1.34 in gold at the current price of $1,349.10 per troy ounce. (YouTube screen grab)

If there is one story from this week that makes my blood boil is from the Houston Chronicle. They reported that a 72-year old woman was duped by the National Collector’s Mint (NCM) into purchasing $1.3 million in alleged rare coins.

The elderly woman, like many other elderly who may not have the experience to deal with the sales pitch or understand the nuances of the particular investment, was smooth-talked by one of their salesmen who played on her emotions.

According to the story, the woman has infrequent contact with her children and used to look forward to the sales call from the NCM representative. Like similar scams, the representative likely fed on these emotions to convince her to buy NCM’s overpriced products.

The National Collector’s Mint settled on a fine of $750,000 from the Federal Trade Commission for advertising they were selling “official” 9/11 commemorative coins. The FTC claimed the ads were deception because no such coin was authorized by Congress, the only constitutionally legal entity to grant legal tender status to any coin from the United States. NCM settled without admitting guilt.

With all due respect to the National Collector’s Mint, they have advertised garbage collectibles before. Whether it is the not-so-official 9/11 commemorative coin or the tribute proof plated with gold with less than one-dollar in value, the television commercials that I have seen even on allegedly reputable cable channels is enough to make one gag on their coffee.

If you have elderly relatives living alone, give them a call. First, you will be doing a good thing especially if they are your parents. Even if there have been problems in the past, get over it. Life is way too short to hold a grudge. While talking with them, make sure they are not being taken advantage of by the likes of these scam artists. By talking with them they will not feel lonely and have to seek comfort in the voice of a smooth talker sitting in some cube farm in some sterile office.

Please remind them that if the deal sounds too good to be true, it is not a good deal! This includes the overpriced coins that are sold on the television shopping channels!

And now the news…

 February 13, 2018

Our colleague Martin Shaw thinks he may have actually found a fake → Read more at cornwalllive.com


 February 13, 2018

Thursday is the last day that one-cent, ten-cent and 25-cent coins can be used as legal monetary tender in Jamaica.However, the Bank of Jamaica (BOJ) will continue to redeem them indefinitely, during its regular business hours of 9 a.m. to 2 p.m…. → Read more at jamaica-gleaner.com


 February 13, 2018

In many quarantines, these coins were the only form of money that patients affected by the disease could access. → Read more at atlasobscura.com


 February 14, 2018

South Africans can expect a new coin and banknote issue with former President Nelson Mandela’s face on it later this year. → Read more at timeslive.co.za


 February 14, 2018

An elderly Houston woman says an on-line coin seller based in New York took advantage of her loneliness to sell her $1.3 million in gold and silver coins at inflated prices. Patricia Thomas, 72, sued the National Collector's Mint in federal court in Houston, alleging that one of its sales representatives, under the guise of "checking in" with Thomas, smooth-talked her into to buying the coins, which cost more than twice what they were worth, according to court documents. → Read more at chron.com


 February 15, 2018

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


 February 15, 2018

MINNEAPOLIS (KMSP) – Timberwolves players, coaches and fans paid tribute to the late Coach Flip Saunders at the Target Center. Saunders was honored as part of “Flip Saunders Night” at Thursday night’s game against the Los Angeles Lakers. → Read more at fox9.com


 February 16, 2018

Blackpool Tower is set to feature on a new silver £5 coin, an announcement by the Queen has revealed. The commemorative cash, which will be released ahead of the iconic structure’s 125th birthday next year, will be part of a series to celebrate British landmarks. → Read more at blackpoolgazette.co.uk

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Weekly World Numismatic News for February 11, 2018

The news article that caught my eye this week is a commentary produced on the website for WDEL, a radio station in Wilmington, Delaware about an advertisement that appeared in Wilmington’s News Journal newspaper for the “First-Ever Official Philadelphia Eagles Super Bowl LII Champions Legal Tender Coin.”

An online search found the item for sale at the Bradford Exchange.

According to the product page (I am not providing a link since I am not endorsing this product), it is a legal tender coin but does not indicate the country of issue. The “coin” is plated in 24-karat gold and comes in a holder that looks very similar to a popular third-party grading service.

The images provided on the product page are of one side of the coin. There are no images of the reverse of the coin or the holder. Even with the description that does not include the coin’s metal content including the amount of gold it contains and the country that granted legal tender status. They want buyers to shell out $49.95 plus $4.95 for shipping and handling.

This is worse than the Gold Buffalo Tribute Proof from the National Collector’s Mint. If you have the opportunity to watch the business cable channels during the day, they are consistent advertisers. At least with the Gold Buffalo Tribute Proof you will only be ripped-off for $19.95 plus $7 shipping.

Simply, the amount of gold in the plating is so thin that there may be less than $1.00 worth of gold. Even if the base coin is brass or bronze, the amount of copper would make the metal value less than $2.00. Since the Bradford Exchange has indicated it has licensing agreements with the NFL and NFL Players Association, their costs may be higher in order to pay off these concerns.

Even though they are creating only 2,017 of these coins, the resale market is very limited. When you or your heirs try to sell these coins, they will find that if the coin can be resold it will probably bring pennies on the dollar versus the original price.

If you are a Philadelphia Eagles fan and want a numismatic-related souvenir of their win in Super Bowl LII, then it looks like a nice, albeit expensive item. If you are only interested as a speculator, you can find something better to invest in.

And now the news…

 February 5, 2018

Bank to act amid concerns over private firms selling medals marking historic events → Read more at irishtimes.com


 February 5, 2018

More than $50 million worth of gold bars, coins, and dust that has sat at the bottom of the ocean since the ship it was on sunk in 1857 is about to go on public display in California. → Read more at fox10tv.com


 February 5, 2018

Today marks 100 years since the 1918 Representation of the People Act, which was the first piece of law that gave women the right to vote in elections. And to celebrate, the Royal Mail has released a set of eight special stamps, commemorating the piece of legislation which extended the right to vote to women over 30 and to millions of men over the age of 21 who had previously been denied the opportunity. → Read more at digitalspy.com


 February 5, 2018

WE'RE getting used to plastic fivers and tenners and are now awaiting the official announcement from the Bank of England on when the polymer £20 notes will be introduced. The polymer tenner came into circulation in September 2017, with hundreds of millions in circulation. → Read more at thesun.co.uk


 February 6, 2018

Page 6A of today's News Journal carries a half-page ad for the "First-Ever Official Philadelphia Eagles Super Bowl LII Champions Legal Tender Coin". Doubtless this very same ad appears in newspapers all over our region. → Read more at wdel.com


 February 6, 2018

ROCHESTER, N.Y. (WIVB) – A Rochester man has been sentenced to three years of probation for selling counterfeit coins. Timothy Meacham, 32, was also ordered to pay over $5,000 in restitution. → Read more at wivb.com


 February 6, 2018

Most of the coins in the Knights of St John collection were contained in Professor Salvatore Luigi Pisani’s donation. Photos: Chris Sant Fournier Coins from every era of history have for the first time gone on permanent display at the National Museum of Archaeology, offering a glimpse of the commercial and political forces driving Malta through the ages. → Read more at timesofmalta.com


 February 7, 2018

IT MAY seem baffling why anybody would want to burn money, and there are many rumours about what would actually happen if you were caught destroying currency. We’ve debunked the fact from the fiction, so you can keep on the right side of the law. → Read more at thesun.co.uk


 February 7, 2018

MARQUETTE — A standing-room-only crowd of nearly 1,000 people filled the Mather Auditorium in Munising Wednesday to be part of the launch of the first America The Beautiful quarter issued in 2018, which honors Pictured Rocks National Lakeshore. → Read more at miningjournal.net


 February 8, 2018

During the reign of William III, in the second half of the 17th century, it was the fashion for a young man to give a crooked coin to the object of his affections. The suitor would bend the coin, both to make it an amulet and to prevent it being reused. → Read more at theguardian.com

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Weekly World Numismatic News for Super Sunday, February 4, 2018

Super Bowl 52 Official 2-Tone Flip Coin
(Courtesy of the Highland Mint)

In 1966, discussions between the upstart American Football League and the National Football League led to the development of a championship game. The idea came from Kansas City Chief’s owner Lamar Hunt to have a single game to crown the championship during the five years it would take to merge the leagues.

The game was called the AFL-NFL World Championship Game and was first played in the Los Angeles Coliseum on January 15, 1967, between the NFL’s Green Bay Packers and the AFL’s Kansas City Chiefs. The game drew 61,846 in a stadium that held over 90,000 people. Halftime entertainment featured Al Hirt and the marching bands from the University of Arizona and Grambling State.

Green Bay, coached by the legendary Vince Lombardi, won the game 35-10. Bart Starr was the game’s MVP. Kansas City was not a bad team, coached by Hank Stram and led by quarterback Len Dawson. But the Packers were just that much better.

The game was broadcast by both NBC and CBS who charged $42,000 per 30-second commercial. It is estimated that the game was seen by more than 51 million people.

The first game to be officially branded as the Super Bowl was Super Bowl III played at the Orange Bowl in Miami. It was also the game that introduced us to significant pre-game hype when New York Jets Quarterback Joe Namath guaranteed a Jets victory over the heavily favored Baltimore Colts. The Colts were led by Coach Don Shula and the legendary Quarterback Johnny Unitas. The Jets’ 16-7 victory has been said to have accelerated the merger between the leagues.

Super Bowl LII will be held in Minneapolis, Minnesota, a nice city but not exactly a “hot” spot in February. U.S. Bank Stadium will be sold out to its capacity of 73,000 and should be seen by a national television audience of over 111 million people. It is estimated that another 30 million, including 4 million from Canada, will be watching around the world.

Advertisers are paying $7.7 million per 30-seconds for their commercials. Adjusting for inflation ($42,000 in 1967 would be the same as $314,711 today), it is costing advertisers almost 24½-times more than the first AFL-NFL World Championship Game. Although the production of the commercials has been a big deal, the gauntlet was thrown down in 1979 when Coca-Cola aired “Hey kid, Catch” starring Pittsburgh Steelers Defensive Tackle “Mean” Joe Greene. If you have not seen it or want to see it again, you can watch it at https://youtu.be/xffOCZYX6F8.

Super Bowl LII marks the 25th year that the Highland Mint of Melbourne, Florida will be striking the medal used in the coin toss. Prior to the making of the official coin, each game either used a coin of their choosing or the host city created their own medal. Of course, the NFL could not pass up a marketing opportunity and has decided to control the process.

After the game, the coin used for the coin toss is sent to the Pro Football Hall of Fame in Canton, Ohio. If there is an overtime game, as there was for Super Bowl LI, the same coin is used as the pre-game coin toss.

The official coin “is carefully struck of fine silver plate and selectively flash plated with 24kt gold,” according to the Highland Mint. Each 1½-inch coin is individually numbered with a mintage limit of 10,000. Super Bowl fans and the fans of the winning team can order one directly from the Highland Mint.

And now the news…

 January 29, 2018

The Wilmington Symphony will premiere ‘The Dance of the Coin’ Feb. 3 at the CFCC Wilson Center. Handling coins is still a regular occurrence for many people. Writing this story served as a reminder that touching these artfully cast pieces of metal is as close as most of us ever come to touching history. → Read more at starnewsonline.com


 January 29, 2018

More than $50 million worth of gold bars, coins and dust that’s been described as the greatest lost treasure in U.S. history is about to make its public debut in California after sitting at the bottom of the ocean for more than 150 years. → Read more at foxnews.com


 January 29, 2018

The Royal Mint is set to honour four generations of the monarchy with a new coin depicting the Queen and three future kings. A new £5 coin will feature Her Majesty and her son the Prince of Wales, grandson the Duke of Cambridge and great-grandson Prince George. The historic coin will show their initials E, C, W and G, and three crowns. → Read more at standard.co.uk


 January 30, 2018

New culture of asking for change surfaced after VAT says Al Tayer → Read more at gulfnews.com


 January 30, 2018

Metal detectorists Paul Adams, 58, and Andy Sampson, 54, began dancing around a field in Suffolk, crying out in joy when they stumbled upon a handful of ancient coins potentially worth £250,000. → Read more at dailymail.co.uk


 February 1, 2018

The pool drains into a fountain called a “nymphaeon”—the first such structure found in Israel.  → Read more at newsweek.com


 February 1, 2018

The US Mint recently began accepting mutilated coins from scrap recyclers after a 2 year hiatus while it investigated an alleged massive Chinese coin fraud operation. → Read more at motherboard.vice.com


 February 1, 2018

While many countries are winding down use of physical money in favour of card and app payments, Germans are stubbornly clinging to the clink of coins and rustle of banknotes. → Read more at gulf-times.com


 February 2, 2018

Dubai resident explains his fascination with coins and the story behind his collection → Read more at gulfnews.com


 February 3, 2018

A new 50p coin will be in circulation this year to mark 100 years since women first got the vote. → Read more at bbc.com


 February 3, 2018

One of the most important pieces of the Super Bowl has a Florida connection. Going inside the factory making the official game coin. → Read more at firstcoastnews.com

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January 2018 Numismatic Legislation Review

Numismatically, the legislative news of the month is the hold placed on David Ryder’s nomination by Sen. Chuck Grassley (R-IA) in what amounts to a hissy fit over the Department of the Treasury not answering his inquiries. The problem is that to Secretary of the Treasury Steven Mnuchin, it does not matter.

Currently, David Motl is the Acting Deputy Director and the highest-ranking official at the U.S. Mint. Providing department oversight of the U.S. Mint is Treasurer of the United States Jovita Carranza, who has been in office since June 19, 2017. From Mnuchin’s perspective, there is no urgency to have a permanent director when there are two people doing the job.

A source tells me that there is a strange dynamic between Mnuchin and Congress. While he seems to get along with members of the Senate Banking Committee, there are strains in relationships with other members including Grassley, who is the Chair of the Senate Judiciary Committee. One source suggested that Mnuchin may feel that he does not have to answer to the Judiciary Committee since the Banking Committee has more direct oversight of Treasury.

Regardless of the issues, it is preventing Ryder’s nomination from moving forward.

H.R. 770: American Innovation $1 Coin Act
Sponsor: Rep. James A. Himes (D-CT)
Introduced: January 31, 2017
Summary: This bill directs the Department of the Treasury to mint and issue “American Innovation” $1 coins commemorating an innovation, an individual innovator or pioneer, or a group of innovators or pioneers from each state, each U.S. territory, and the District of Columbia. Treasury shall issue four coins per year, in alphabetical order by jurisdiction, until a coin has been issued for each jurisdiction.
Referred to the House Committee on Financial Services. — Jan 31, 2017
Mr. Duffy moved to suspend the rules and pass the bill, as amended. — Jan 16, 2018
Considered under suspension of the rules. — Jan 16, 2018
DEBATE – The House proceeded with forty minutes of debate on H.R. 770. — Jan 16, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. — Jan 16, 2018
Motion to reconsider laid on the table Agreed to without objection. — Jan 16, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 17, 2018
This bill can be tracked at http://bit.ly/115-HR770.

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, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported favorably. — Jan 17, 2018
Reported by Senator Crapo, Committee on Banking, Housing, and Urban Affairs, without printed report. — Jan 17, 2018
Placed on Senate Executive Calendar. Calendar No. 596. Subject to nominee’s commitment to respond to requests to appear and testify before any duly constituted committee of the Senate. — Jan 17, 2018
This nomination can be tracked at http://bit.ly/115-PN1355.

Weekly World Numismatic News for January 28, 2018

I wanted to keep this week to writing more about numismatics than commenting on something going on. Unfortunately, that changed with an alert showing up in the Federal Register that the David Ryder nomination is on hold. That put a funk on the week.

During the week I was able to pick up something for my collection and find a few cool banknotes. That helped pick me up for the week. Adding to my collection is always fun and learning is essential to keeping the mind sharp.

There was a lot of news this week. I was able to whittle the number of interesting stories down to 11. It is compelling to see how numismatics is seen from the non-numismatic media.

There was also a lot of news from the numismatic industry including the announcement of the passing of Ed Rochette. A sad loss for the community.

If you want to keep up with some of the announcements from the community, you can watch the Coin Collectors News site, the sister site to the blog. You can watch the news directly on the site, from the “Recent News” widget on the sidebar, subscribe to the RSS feed , or subscribe to receive notices by email. If there is news, you will only see one email per day.

And now the news….

 January 22, 2018

TEHRAN, Jan. 22 (MNA) – Police officials in Iranian northern city of Qa’emshahr arrested three antique smugglers who were illegally trafficking 299 antique coins of Sassanid era. → Read more at en.mehrnews.com


 January 23, 2018

Former landscape architect Ben Huang started his coin cufflink company Patinova after noticing a gap in the market. His jewellery has taken off and he’s branching out into other Chinese-themed accessories → Read more at scmp.com


 January 24, 2018

Russia now has a coin commemorating the iconic Russian musician, actor, and poet Vladimir Vysotsky, who would be 80 years old on January 25 if he were still alive. → Read more at rferl.org


 January 25, 2018

Business briefs from the Daily Pilot newspaper. → Read more at latimes.com


 January 25, 2018

A first look at the new R5 coin celebrating the centenary of Nelson Mandela’s birth → Read more at brandsouthafrica.com


 January 25, 2018

A vast selection of coins and medals is on display at the National Numismatic Exhibition, opened earlier this week at the National Museum of Archaeology in Valletta. It is being presented by Heritage Malta. “This valuable collection shows us and reminds us of our country’s eventful and rich past,… → Read more at timesofmalta.com


 January 26, 2018

PJ police have managed to recover a unique Roman coin that was stolen from a religious sanctuary in Alijó, Vila Real, Northern Portugal, over 30 years ago in 1985. → Read more at theportugalnews.com


 January 26, 2018

The tourist attraction lets you 'strike your own coin' → Read more at walesonline.co.uk


 January 26, 2018

Melbourne company Highland Mint continues to flip out over its role in Super Bowl — making the *the* Super Bowl coin that decides who gets the ball first. → Read more at floridatoday.com


 January 26, 2018

A stash of gold coins is latest clue that shipwreck 40 miles off NC is that of the steamship Pulaski. → Read more at charlotteobserver.com


 January 26, 2018

One man spent £150,000 on the coins – which are now worth no more than £50,000 → Read more at nottinghampost.com

Coin Collectors News
news.coinsblog.ws

Ryder nomination on hold

Sen. Chuck Grassley (R-IA)

On Friday, January 19, 2018, rather than working to prevent the shutdown of the government, Sen. Chuck Grassley (R-IA) took to the floor of the Senate and delivered a message that he intends to object to the proceeding to the nomination of David Ryder to be the next Director of the U.S. Mint.

According to the notice filed in the Congressional Record:

Mr. President, I intend to object to any unanimous
consent request at the present time relating to the nomination of David J. Ryder, of New Jersey, to be Director of the Mint, PN1355 .

I will object 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. Despite several phone calls between committee staff and Treasury personnel to prioritize particular requests within that letter, the Treasury Department has to date failed to provide any documents.

My objection is not intended to question the credentials of Mr. Ryder in any way. However, the Department must recognize that it has an ongoing obligation to respond to congressional inquiries in a timely and reasonable manner.

Charles E. Grassley is a seven-term Republican Senator from Iowa. Grassley has a history of abusing the Department of the Treasury to make it look like he’s doing something to keep his seat in the Senate. It is common for Grassley to have something to complain about without substance regardless of the ramifications of his actions.

In the meantime, the U.S. Mint remains without a permanent director while Grassley has his hissy fit.

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, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported favorably. — Jan 17, 2018
Reported by Senator Crapo, Committee on Banking, Housing, and Urban Affairs, without printed report. — Jan 17, 2018
Placed on Senate Executive Calendar. Calendar No. 596. Subject to nominee’s commitment to respond to requests to appear and testify before any duly constituted committee of the Senate. — Jan 17, 2018
This nomination can be tracked at http://bit.ly/115-PN1355.
† If you look at Grassley’s record, he has a record of making outlandish claims and using his office against Treasury bureaus regardless of the party in the White House. In 2005, I was involved with a Treasury bureau forced to a hearing in the Senate. Even though the evidence showed the contractor was clearly derelict in the performance of their contract, Grassley did everything except put on knee pads in deference to the contractor. Outside of the hearing room, I had a confrontation with one of his staffers and offered to supply the knee pads so that Grassley could complete the job. Since that hearing, I have held Grassley in contempt for being a bully and not a representative of the interests of his constituents in Iowa.

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