Collecting Because of the Design

I am sponsoring GOLD memberships for new and renewing memebers of the American Numismatic Association. This is a limited-time offer to celebrate National Coin Week and the 131st anniversary of the American Numismatic Association. The offer expires on April 25, 2022. Call (800) 514-2646 or visit info.money.org/ncw-2022-barman to take advantage of this offer. Be sure to apply code NCW22SB at checkout!

Since National Coin Week is celebrating coin designs, we can recognize that the coin design can be a factor in collecting the coin. Let’s look at a coin in my collection only because of its design.

Commemorative coins are a fundraising mechanism. An organization convinces a member of Congress to submit a bill to create a commemorative coin that will raise money. The authorizing legislation usually is tied to a milestone, even if it is late, so there is something to promote.

Although people collect commemorative coins, I collect those with subjects that interest me. But there was one commemorative coin I purchased because of the design. My collection includes the 2015 March of Dimes Commemorative Coin Set because of the coin’s design.

Produced for the celebration of the March of Dimes Foundation’s 75th anniversary, the design is a phenomenal work of art. It is the most appropriate image for any modern commemorative coin.

President Franklin D. Roosevelt created the National Foundation for Infantile Paralysis, now called the March of Dimes) in 1938 to fund research to cure polio. FDR fought the painful effects of polio throughout his life. After Drs. Jonas Salk and Albert Sabin developed a very effective vaccine, the Foundation changed its mission to prevent birth defects, prematurity, and infant mortality.

Fortunately, my family has not been touched by the issues that March of Dimes looks to correct, but it is a worthy cause to champion. Otherwise, it is not something that has personal meaning. But the reverse design is compelling.

The reverse was designed by Don Everhart and described on the U.S. Mint’s website, “The reverse (tails) design depicts a baby cuddled in the hand of a parent, representing the foundation’s dedication to the health of babies everywhere.” It is one of the most powerful images on a commemorative coin.

When I decided to add a version to my collection, I waited until the commemorative silver set was available. The set contains the commemorative silver dollar, a proof Roosevelt Dime, and a reverse-proof Roosevelt Dime. It was the reverse-proof dime that made the set attractive. The best-looking coins of the last ten years were reverse-proof and enhanced uncirculated coins.

Although the reverse proof and enhanced uncirculated are in the manufacturing processes, the final results highlight the coin’s design in a way that could not happen with any other process.

This set is included in my collection because of the phenomenally inspirational design of the reverse of the commemorative silver dollar and the reverse-proof silver dime.

All images are original and property of the author used under the Creative Commons license CC BY-NC-SA 4.0.

ANA MEMBERS: I NEED YOUR HELP!!

Dear ANA Member:

I NEED YOUR HELP!

I want to run for the ANA Board of Governors, but the pandemic and a project that took too long to complete prevented me from collecting the signatures for the petition I need to appear on the ballot.

CAN YOU PLEASE HELP ME APPEAR ON THE BALLOT?

I do not have enough signatures on the petition to appear on the ballot. If you are an ANA member, can you please sign a petition and send it back to me so that I can appear on the ballot?

If you can help:

  1. Download a PDF of the petition from → this link.
  2. Sign the petition and please include your ANA Member Number.
  3. Use your smartphone and take a picture of the top part with your signature and email the image me at scott@coinsblog.ws.
  4. If you can scan the paper and send it as a PDF, that would also help. In either case, I need the image of your signature with your ANA member number.

Your signature is not an endorsement of my candidacy — although I would appreciate your support. This exercise will allow me to appear on the ballot.

THE DEADLINE IS MARCH 1, 2021!

The deadline to submit signed petitions is the close of business at the ANA headquarters in Colorado Springs on Monday, March 1, 2021. I would like to submit the signatures by noon Eastern Time (where I live) on Monday.

THANK YOU!

NOTE: Once the signatures are submitted and verified by the ANA, I am not going to keep the files.

Weekly World Numismatic News for February 21, 2021

Change is dominating numismatic-related news.

The news about the revival of the effort to replace Andrew Jackson on the $20 note with Harriet Tubman has received a lot of press. Change is always difficult, but when that change involves removing one political figure from currency and replacing it with another, the debates can be fascinating and frustrating.

Ellen Feingold, the curator of the National Numismatic Collection at the Smithsonian, wrote an article for Politico explaining the history of currency changes. As part of her discussion, Feingold suggests that the $20 bill should only be the beginning and that history is behind this type of change.

Within the numismatic media, writers are noting how collectors are weary of the changing quarter designs. If you read the online forums and blog comments, there might be a dominant view that there have been too many changing designs. More than a few posted that a commemorative coin may be a better option than the Prominent Women on Quarters program.

Taking the cues from numismatic forums and blog posts may not be the right venues to gauge public opinion. It is like asking the season ticket holder why baseball attendance was on a downward projection (pre-pandemic). In other words, you are preaching to the choir.

Why not they ask the kids, the future of the hobby? Young people grew up with constantly changing designs. Think about it, an 8-year old that started collecting state quarters in 1999 will be 30 this year. Change is all they know.

Charles Morgan might be right. It may be time to change all of our change. Maybe it is time for a modern renaissance.

And now the news…

 February 14, 2021
Business Insider SA  Feb 14, 2021, 04:33 PM  → Read more at businessinsider.co.za

 February 15, 2021
Still, the history of American currency suggests that this might be only a start. We can and should go further in rethinking U.S. currency, resuming the national practice of using banknotes as a canvas for the breadth of American life and democratic values.  → Read more at politico.com

 February 15, 2021
On the day of the official change to decimalized currency on Feb. 15, 1971, Lord Fiske, chairman of the Decimal Currency Board, makes a purchase at a Woolworths store in London.  → Read more at npr.org

 February 16, 2021
Aizanoi: An ancient jug containing hundreds of Roman coins has surprised archaeologists in Turkey. The vessel with its silver payload was found buried next to a stream in Kütahya province. Here lie the ruins of Aizanoi, a historic city.  → Read more at thevintagenews.com

 February 19, 2021
By The Associated Press BELLINGHAM, Wash.  → Read more at seattletimes.com
Coin Collectors News
news.coinsblog.ws
 Be Afraid: Counterfeit Gold! (Feb 18, 2021)

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for February 14, 2021

One of the nice aspects of a new year is all of the new coins that become available. Every major mint starts the year with new bullion products, commemorative coins, and other non-circulated legal tender coinage to keep collectors interested.

For collectors, it is a lot of fun.

2021 Canada Bluenose Gold-Plated Silver Dollar

Bluenose gold-plated silver dollar is part of the Royal Canadian Mint Silver Proof Set (Image courtesy of the Royal Canadian Mint)

In Canada, the Royal Canadian Mint is celebrating the 100th anniversary of the Bluenose schooner. The Bluenose was a fishing and racing schooner that was revolutionary in its design and became the symbol of Nova Scotia before being a symbol of Canadian heritage.

Although the Bluenose launched in 1921, it did not appear on the Canada 10-cent coin until 1937. Since then, the Bluenose appeared on every 10-cent coin except for 1967 when Canadian coins were redesigned to commemorate the 100th anniversary of the Canadian Confederation.

The Royal Mint has started the year by issuing commemorative sovereigns, Britannia bullion coins, and the yearly Trial of the Pyx. Although modern technology makes the Trial of the Pyx unnecessary, it is an exciting part of Royal Mint history that deserves celebration.

Down under in Australia, the Royal Australian Mint has issued silver coins of the Outback Majesty series that celebrates the Australian Outback animals. Since Australia has done better than the rest of the world with keeping the pandemic under control, the Royal Australian Mint has resumed tours and has operations closer to normal.

Over in New Zealand, it looks like they are having more fun with coins. New this year are the Chibi Collection of the Lord of the Rings characters, DC Comics superheroes, and more. Although the New Zealand Mint designs and strikes these coins, they are issued under the Niue government’s authority. The New Zealand Mint also strikes coins for the Cook Islands. Both are self-governing states in free association with New Zealand.

The U.S. Mint, whose output is the most restrictive of the world mints, has issued the American Silver Eagle Proof coin and the new American Platinum Eagle Proof. The American Platinum Eagle Proof series celebrates the First Amendment to the United States Constitution, starting with the Freedom of Religion. Also available is the Christa McAuliffe Commemorative Silver Dollar. Later, the U.S. Mint will issue the National Law Enforcement Memorial and Museum commemorative coins.

Finally, the U.S. Mint has issued the last of the America the Beautiful Quarters honoring the Tuskegee Airman Historical Site. The U.S. Mint will produce a redesigned quarter for the balance of the year. The Prominent American Women Quarters will begin in 2022.

It is a fun time to be a coin collector!

And now the news…

 February 2, 2021
The Reddit-fueled run-up in silver prices might be stalling, but the U.S. Mint said it is still rationing its sales of silver coins because of “continued exceptional market demand,” as well as limited supplies and manufacturing capacity.  → Read more at bloomberg.com

 February 9, 2021
An Israel Defense Forces soldier discovered a rare 1,800-year-old coin during a training exercise, the Israel Antiquities Authority announced on Monday. The coin features an image of the head of the Roman emperor Antonius Pius and was dated to 158–159 CE.  → Read more at timesofisrael.com

 February 11, 2021
Details of a "very special" haul of 651 Roman coins found in the ancient city of Aizanoi in Turkey have been released by researchers behind the discovery. The silver coins were found in a jug during archeological excavations led by researchers from Pamukkale University, according to a press release from the university.  → Read more at cnn.com

 February 12, 2021
You might have a coin worth literally thousands in your pocket right now. No, not like that Simpsons episode where Mr Burns tries to steal a trillion dollars: an actual, real coin that you could buy something with that is secretly also worth plenty more than face value to a collector.  → Read more at ladbible.com

 February 12, 2021
CHICAGO: The US Mint announced this week that it will issue a Silver Dollar coin to commemorate Christa McAuliffe, a teacher and a civilian astronaut of Lebanese heritage who died on the Challenger Space Shuttle when it exploded minutes after taking off from Cape Canaveral in Florida on Jan.  → Read more at arabnews.com

 February 13, 2021
The discovery of nine Roman coins found in Norfolk has been declared as treasure.  Yvonne Blake, area coroner for Norfolk, opened the treasure inquest into the find at Norfolk Coroner's Court earlier this month.    → Read more at edp24.co.uk
Coin Collectors News
news.coinsblog.ws
 Silver Rush Creates Silver Scams (Feb 11, 2021)

 

If you like what you read, share, and show your support Buy Me A Coffee

Screwed again by the U.S. Mint

Just like that, it was over.

The knock on the door was a few moments before noon. It was a customer with an appointment to pick up an order. The door was open, the customer picked up their item and left. Before wiping down the table, I went back to the computer.

A tap on the keyboard brought up the password prompt to end the screensaver. When the screen cleared, the clock in the upper-right read 12:04. A quick click and there was the message, “This product is currently unavailable.”

Once again, a limited edition collectible out of reach of a collector. With the popularity of the American Silver Eagle Proof coins and only 327,440 to be off ered, the U.S. Mint set a “Household Order Limit” of 99. How many dealers with dedicated staff were able to purchase their 99 coin limit?

Instead of giving the collectors a chance, the U.S. Mint set the rules to favor the dealers and those whose work requirements took them away from the computer.

With all of the past problems and the tepid response from Director David Ryder, there is little hope that the U.S. Mint will fix these problems. Ryder either does not care about the collector or does not have the competence to fix the problems. Although the website worked, the policies favored the dealers and did nothing for the collectors.

It is time for Ryder to descend from his ivory tower to understand how the collectors are treated. If he refuses to do something about it, he should hand in his resignation to allow the president to appoint someone who knows what they are doing.

Weekly World Numismatic News for February 7, 2021

If you missed the five-second commercial from Reddit after the halftime show, you missed their touting their service as a place to discuss things. Lately, Reddit has been famous for a sub-Reddit that helped promote the stocks of GameStop, AMC movie theaters, and BlackBerry. All companies whose business models have not kept up with technology or are suffering because of the pandemic.

An interesting aspect of this story is the Robinhood trading platform’s use to buy and sell these stocks. Robinhood is a no-commission trading service that many of the people participating in the sub-Reddit use to trade. Not only are they gaining free access to the markets, but they were able to cause significant losses amongst the large hedge funds. The hedge funds did not like losing money to what they considered non-professionals. The Reddit users called it the democratization of the markets.

Although these stocks have returned to more reasonable levels as compared to their earnings, people in the sub-Reddits are looking to make statements in other markets. One of the markets they are trying to work on is silver.

Precious metals continue to be a safe haven for uncertain markets. With the uncertainty of the markets and the Exchange Traded Funds (ETF) in the metals market and changes in some rules, investors demand access to physical metals.

Rather than buying bullion, investors are buying legal tender coins. Even with the high numismatic premiums on precious metals coins, they are reporting limited supply. The highest demand is for the American Silver Eagle and the Canadian Silver Maple Leaf. Both mints are reporting record production of these coins.

When an ETF creates its market basket of stocks, the exchanges require that each of the stocks have specific minimum holdings of physical metals to back the prices. ETFs are finding they have to rebalance their portfolios since the funds holding the metals are not increasing their holdings as much as the general public. Their lack of buying is keeping the price of metals stable.

Dealers are reporting that individual and smaller institutional investors are buying silver. Although these buyers do not impact the broader market, they are impacting the numismatic premium. People are paying upwards of 35 percent over the spot price.

The rules will prevent the Reddit mob from manipulating the metals markets. However, until there is more certainty in the market, there will continue to be a high numismatic premium for bullion coins.

And now the news…

 February 4, 2021
• Silver keeps corrective pullback from $25.90 trapped in a $0.10 range off-late. • Premiums on American Eagle silver coins jump on Thursday, Apmex urges customers to expect delay in order processing.  → Read more at fxstreet.com

 February 4, 2021
The Edge of the Cedars State Park Museum needs help identifying some BLM collections and a mystery coin.  → Read more at abc4.com

 February 4, 2021
* More than 1.1 million troy ounces of silver sold in Jan * Selling everything that can be currently made in silver- Mint * Short-squeeze story boosted demand for physical silver-analyst  → Read more at kitco.com

 February 5, 2021
A COIN collection has gone under the hammer for £2.3m with the latest sale bringing a world record price for one 450 year old Oliver Cromwell gold coin.  → Read more at gazetteherald.co.uk
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Get Updates via Email

Join 11,004 other subscribers

Support the Coin Collectors Blog

Buy me a coffeeBuy me a coffee
Buy Me a Coffee helps pay for the hosting of this blog.
Thank you for your support!

Follow @coinsblog on Twitter

Let Me Know What You Think

Are you going to the World's Fair of Money

Yes, I wouldn't miss it. (47%, 8 Votes)
No, I cannot get away (35%, 6 Votes)
No, it's not worth my time (12%, 2 Votes)
Maybe... I will decide later (6%, 1 Votes)

Total Voters: 17

Loading ... Loading ...

Coinsblog Archive

Pin It on Pinterest