Weekly World Numismatic News for September 6, 2021

Welcome to the Labor Day Edition of the Weekly World Numismatic News!

The story that caught my eye is that the members of Accredited Precious Metals Dealers (APMD) of the Professional Numismatists Guild (PMG) predicted their end-of-year prices for precious metals.

According to the APMD members, the year-end predictions are as follows:

  • Gold: $1,897
  • Silver: $28
  • Platinum: $1,153

Their estimates are the “mean averages of price predictions made by 25 accredited dealers” of the APMD. Members of the APMD “based their forecasts on years of being on the front lines of the bullion markets.” In other words, their predictions are as reliable as those that predict the pro football and basketball drafts.

With all due respect to the APMD and their members, every forecast I have heard while carefully watching the markets as a buyer has been bullish. It is very rare to hear anyone that is involved with this market make a bearish prediction.

Let’s have some fun with this. In the next few days, I will make my predictions along with the logic behind my prediction. Then I will create a graph to monitor the markets compared to our predictions. Let’s see how we do after the market closes on December 31!

Image courtesy of the U.S. Mint.

And now the news…

 August 26, 2021
While excavating the ancient city of Phangoria, located north of the Black Sea, in the Taman peninsula of southern Russia, archaeologists made an odd discovery: A single copper coin, minted in the year 1570, far far away in the Cypriot city of Famagusta.  → Read more at haaretz.com

 August 27, 2021
Dealing with a recently passed away parent’s belongings is always a tough subject. It’s never just about the stuff – it’s about the memories and the emotions it all brings up, not to mention disagreements with siblings and partners about what to do with it all.  → Read more at goodmenproject.com

 September 2, 2021
Money, money, money, money, ah so not just the song. But, the real thing. During the height of the pandemic, remember the shortages of toilet paper, paper products, disinfectant, hand sanitizer and yes, money, coins to be exact.  → Read more at poconorecord.com

 September 3, 2021
By K Rajan Chennai: A finely made thin silver punch-marked coin weighing 2.2g unearthed at Keeladi in the seventh season of excavation this year holds key to the history of trading routes spanning the subcontinent and beyond — till Sri Lanka in the south and Afghanistan in the northwest  → Read more at timesofindia.indiatimes.com

 September 4, 2021
Cree artist Sheila Orr designed a collectors coin for the Royal Canadian Mint, depicting the fur trade from a Cree perspective. It was released earlier this summer.  → Read more at cbc.ca
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December 2017 Numismatic Legislation Review

Each two-year term of congress is marked by sessions that begin every January 3rd at noon. When the House and Senate gavel into session on January 3, 2018, it will be the second session of the 115th Congress.

Political watchers have called the 115th congress everything from contentious to partisan to dysfunctional to names that cannot be repeated to a family audience. One thing they have not called this congress: boring.

For numismatists, Congress did pass The American Legion 100th Anniversary Commemorative Coin Act (Public Law No. 115-65) making it the second commemorative coin program for 2019. The Apollo 11 50th Anniversary commemorative is the other. Also, two bills passed the House and have been sent to the Senate for their consideration:

  • Saint-Gaudens National Historical Park Redesignation Act (H.R. 965)
    This bill redesignates the Saint-Gaudens National Historic Site, in New Hampshire, as the “Saint-Gaudens National Historical Park.”
  • Naismith Memorial Basketball Hall of Fame Commemorative Coin Act (H.R. 1235)
    This bill creates the first commemorative coin program in 2020 in recognition and celebration of the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts.

In between the partisan wrangling, there were three bills were introduced in Congress last month. They are as follows:

H.R. 4539: Plymouth 400th Anniversary Commemorative Coin Act of 2017
Sponsor: Rep. William R. Keating (D-MA)
Introduced: December 4, 2017
Referred to the House Committee on Financial Services. — Dec 4, 2017
This bill can be tracked at http://bit.ly/115-HR4539.

S. 2189: Plymouth 400th Anniversary Commemorative Coin Act of 2017
Sponsor: Sen. Edward J. Markey (D-MA)
Introduced: December 4, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Dec 4, 2017
This bill can be tracked at http://bit.ly/115-S2189.

H.R. 4732: National Law Enforcement Museum Commemorative Coin Act
Sponsor: Rep. David G. Reichert (R-WA)
Introduced: December 21, 2017
Referred to the House Committee on Financial Services. — Dec 21, 2017
This bill can be tracked at http://bit.ly/115-HR4732.

In the meantime, the nomination of David Ryder to be the next Director of the U.S. Mint is now 73rd on the Senate Executive Calendar, down from 70th last month. A few nominations for key administrative positions were added to the calendar in front of Ryder. It is possible that his nomination will be confirmed within the next two months.

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
This nomination can be tracked at http://bit.ly/115-PN1082.

HAPPY 2018!

Happy New Year!
As we begin a new year, we should look forward to better times for our hobby, our nation, and our world. I wish you and yours a Happy and Healthy 2018 and hope that you find the key coin of your dreams!
Images courtesy of the U.S. Mint.

Weekly World Numismatic Newsletter for New Years Eve 2017

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.

And now the news…

 December 24, 2017

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


 December 24, 2017

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


 December 26, 2017

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


 December 26, 2017

A typewriter clacking. A droning busy signal on a landline. → Read more at philly.com


 December 27, 2017

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


 December 27, 2017

That's a lot of pocket change. We’ve all done it at some point. Yes, all of us. → Read more at motor1.com


 December 27, 2017

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


 December 28, 2017

What: World Coins Where: Heritage Auctions, 445 Park Ave, New York, NY 10022, USA When: 7 January, 03.50pm CT → Read more at blouinartinfo.com


 December 30, 2017

THERE are fears fake pound coins are flooding into circulation. → Read more at dailystar.co.uk

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SEPTA Tokens credit: AP Photo/Matt Rourke via ReadingEagle.com.

Recommended Album to Create Your Own Collection

During a recent coin club meeting, someone asked how to create an album or some type of presentation for a custom collection. Whether they are putting together year sets, typeset, or a theme set, there is always the question as to how to create a way to display them.

One typical solution is to purchase the pages that you can slide 2×2 holders in each space. Each page holds 20 of the 2x2s and the pages can be placed in any binder.

Experienced collectors know that the typical 2×2 holder is ugly. They are either cardboard with an opening covered in Mylar or they are clear plastic flips. And not all flips are the same. Those made with certain plastics, including those that contain polyvinyl chloride (PVC) will damage whatever you put into those holders. Also, some of the older pages contain PVC. Even if the individual holder may be archival safe, the holders are not airtight and will allow the gasses from the PVC to eventually damage the coin.

I found a better solution.

When I started collecting Canadian coins, I started looking for an album or some other way to display the collection. At the time, Whitman had not started selling Canadian coin folders again (they had stopped years earlier). Using the Internet, I began to search for Canada-based coin shops to see what they had in inventory.

Just like for United States coins there are only a few options. After doing some research I settled on Gardmaster albums.

Gardmaster albums use clear pages that have a slider where the coins are placed. Pull out the slider and insert your coin or other numismatic collectibles in the pocket. Slide the slider back in and you have a clear page to see both sides and edge of the coin. The plastic they use does not contain a softening agent (like PVC) to keep your collectibles safe.

The covers themselves use a snap closure to keep the pages in place. These covers are thick enough to hold 5 pages comfortably but can be pushed to six. The limiting factor will be the thickness of your collectibles. Adding too many pages will cause the cover to bulge making the presentation less attractive.

Between the pages is a page where information is either printed with the information about the collectible or can be purchased blank for you to add your own information. For my Large Cent collection, I used Brother P-Touch labels to mark the slots for each coin. I tried to make a template using Microsoft Word but was unsuccessful. A more experienced Word wrangler explained what I was doing wrong which will allow me to fix this when I get a chance.

Gardmaster, a Canadian company, makes albums for all series of Canadian coins including modern coins. Albums for Canadian coins have the Canadian crest printed on the cover along with the coin’s series.

Gardmaster also makes albums for United States coins that have a heraldic eagle on the cover. Albums are available for all United States series including State quarters, Presidential dollars, and albums with coin types on the cover but no dates printed on the inserts allowing the collector to make their own collection.

Blank covers are also available that include what they call a “World Crest.” I do not know what the World Crest looks like since I have not purchased one.

If you are making your own album, Gardmaster has six-page types to choose from. Most coins can fit into a 30-pocket page that has six pockets in a row and five rows. When I was creating my Large Cent album I thought that was a little tight. I bypassed the 20-pocket page (five pockets with four rows) for the 16-pocket page (four pockets in four rows).

The various page sizes can be mixed and matched depending on your needs.

Currently, I buy the Gardmaster Albums and pages from Brooklyn Gallery Coins and Stamps. When you search for the albums and pages, you need to search for “guardmaster” since they spelled it wrong. Who cares about the spelling—Brooklyn Gallery has great prices and they ship quickly.

Although Gardmaster albums are better looking than 2×2 pages in binders, they are not as good looking as the Dansco, Whitman, or the Littleton albums I have used. The binders remind me of the 1980s that is in dire need of an upgrade. The covers look like they are pressed around the cardboard in the center instead of cleanly wrapped like most covers we are used to using.

My next project is to organize my New York Collection. Currently, these are coins, tokens, and medals in 2×2 holders and flips with most put into the typical binder page. As I gather these items, I am going to figure how I will organize these pieces and buy the appropriate Gardmaster albums for them. When I do, I will fix the template so that I can print the divider page with the information I want using the inkjet printer on my desk.

HAPPY HOLIDAYS 2017

Whether you celebrated Chanukah

“10 Zuz” Silver Hanukkah Gelt — ca. 19th Century from Eastern Europe (Image courtesy of Moreshet Auctions)

Observed Festivus, for the rest of us

FDR dime struck on a nail (stand in for Festivus Pole) (Imaget courtesy of Heritage Auctions)

Having a Merry Christmas

Reverse of the 2009 Latvia 1 Lat coin with the Christmas Tree on the reverse (Image courtesy of Latvijas Banka via Numista)

Or will begin celebrating Kwanzaa

1999 Angola 1 kwanza as a stand-in to help celebrate Kwanzaa (Image courtesy of the Currency Wiki)

I hope you are having a joyous holiday season!

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