Weekly World Numismatic News for March 10, 2019

2018 Peter Rabbit 50p Uncirculated Coin
(Image courtesy of the Royal Mint)

One of the most disturbing stories relating to numismatics is the conviction of a man for killing someone for his coin collection. In Colchester, England, Gordin McGhee, 52, was stabbed in his flat by Danny Bostock, 33, who broke in to steal a set of Beatrix Potter 50 pence coins.

Both men were familiar with each other from local coin club meetings.

Over the last few years, the English tabloids have been publishing stories about how low-mintage, modern circulating 50p commemorative coins were being sold for hundreds or thousands of pounds on eBay. This has awakened the public about the potential for collecting these coins.

The Royal Mint has been producing 50p coins commemorating the animals featured in Beatrix Potter’s stories since 2016 including Peter Rabbit. By the time the country caught on to their value, the limited edition 2016 and 2017 coins were being hoarded and becoming more difficult to find. People who wanted a complete collection turned to the secondary market.

Of course, where there is a demand the person who can provide a supply can make money.

According to news reports, Bostock snuck into McGhee’s flat to steal his collection of Beatrix Potter coins while McGhee was not home. Unfortunately, McGhee returned home and found Bostock in the act. Bostock stabbed McGhee 17 times and tried to set the place on fire to cover up the crime.

Police were able to track the trail of blood Bostock made with his shoes to Bostock’s home. Bostock was convicted after using the defense that someone else wore his shoes after a drinking party even though the police found the shoes, coins, and the murder weapon in his possession.

Although this type of situation may not happen over the National Parks quarters, we did see the greed of dealers put the public in danger for the release of the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin. Dealers handed out cash to needy people who did not conduct themselves in a manner that is consistent with the ANA Code of Ethics so they could buy the coins first without having to worry about U.S. Mint purchasing limits.

In this case, nothing happened to the dealers who should have been dealt with by the ANA. They could have lost money since the release was not a sellout and the price of gold dropped, but we will never know.

And now the news…

 February 27, 2019

The demand for U.S. cash is skyrocketing — an indicator that’s leaving some economists sounding the alarm.  → Read more at cnbc.com


 March 2, 2019

Charlotte is known for its banks but in some circles, it's known for its actual money. The gold coins that Charlotte's mint produced in the mid-19th century are desirable. "When you're a coin collector, you don't worry sometimes the value.  → Read more at wfae.org


 March 7, 2019

Before immigrating to the United States in 2001, Paul Balan worked as a painter and sculptor in his native Philippines. Now he is pushing his artistic talents in new directions, doing coin and medal designs for the U.S.  → Read more at legion.org


 March 7, 2019

Last August, 90-year-old pensioner Miroslav Jurníček harvested onions from his garden, when he noticed a small golden coin lying on the ground. He started rummaging around and eventually unearthed a vessel full of gold and silver coins.  → Read more at radio.cz


 March 8, 2019

A coin enthusiast has been convicted of murder after stabbing a fellow collector 17 times while trying to steal a rare set of Beatrix Potter 50ps. Danny Bostock, 33, attacked 52-year-old Gordon McGhee in his bedroom before turning on the gas cooker and lighting a dishcloth, seemingly to cause an explosion and destroy evidence of the killing.  → Read more at telegraph.co.uk


 March 8, 2019

From Kew Gardens to Paddington bear, there are a number of rare and collectible 50p coins and the Royal Mint will be releasing a Stephen Hawking coin later this month. The late Cambridge University physics professor died in March last year and the coin will feature a black hole and the scientist himself.  → Read more at manchestereveningnews.co.uk

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100 & 1

One year ago, I started this blog by writing:

After spending some time to unpack and decorate, I am ready to welcome all readers to my blog on Coin Collecting. I started this blog to share my passion for coin collecting, share some news, and allow other collectors to converse about collecting and even brag about their collections.

Today, I celebrate one year of blogging with my one hundredth posting.

During the last year, I have written 99 different articles on numismatic gifts I’ve received, finds in pocket change, local shows, up coming collectibles, and many other topics. Each article being something of interest to me or the numismatic community and each a joy to write.

As part of writing this blog, I have been researching various topics and providing links to more information. These links are collected in an electronic notebook which is available to anyone by clicking on Numismatic Links on the sidebar to the left. Over the next few months I want to clean up the links and see about making them a more generic resource rather than be tied to blog entries.

The inner artist in me also created some numismatic-related artwork which is available on t-shirts and hats from the Collector’s Pride Store hosted on CafePress. I have a ideas for designs that I will try and may even solicit suggestions on new items.

I will continue to write and report on numismatics from my experiences and the numismatic-related news I find. I think this is fun and from the responses from my readers, some of you do, too! If you have any suggestions or comments, feel free to post them here or send me an email. I look forward to the hearing from you!

Thank you for reading!

A Buffalo Tale

I have been collecting coins off-and-on for over 35 years. I started searching my father’s change for wheat back cents and silver dimes, which were disappearing in the late 1960’s. When I started delivering the local afternoon newspaper, I was filling the holes in my blue folders. Later, my father helped complete a set of silver Roosevelt dimes by purchasing the missing coins and album from a dealer.

Like most people who started at a young age, my interest waned as I found other interests. As a poor college student, the saving of my pennies went to play penny-ante poker on the weekends in the dorm with the winnings going to after game libations. As I entered the workforce, I began to hunt through my change looking for the rare silver coin, wheat cent, bicentennial quarters, and the odd foreign coin.

When the American Eagle program started in 1986, my father began been buying American Silver Eagle proof for me as they are released by the US Mint. Thanks to him, I have a near-complete 20 year proof set—mission only the 1995-W 10th Anniversary Proof. Regardless of the difference that exist between father and son, coin collecting is one thing we share. Our collections may differ, but we have an interest in many of the new coins issued by the Mint. Then, with the 50 State Quarters® program and looking for something to do after my first wife died from cancer, I jumped back into coin collecting with both feet.

A few weeks ago, my father and I were talking about the new offers from the Mint. I mentioned that one coin I was interested in is the American Buffalo gold bullion coin. Like the Buffalo Nickel it was based on, if is a truely American design unlike any other coin ever minted. It is the only coin that represents a native American on one side and a beast that represents the growth and strength of a nation. But alas, the proof version is being sold for $800 from the Mint. Secondary market mark-ups start at $825 and have been as high as $1100! I joked about trying to sell more coins on eBay so that I could afford to buy one. The conversation moved onto the 20th Anniversary American Eagle sets and to the other Mint offerings.

After oversleeping last Friday, I was rushing to leave for work when a delivery person rang the doorbell asking for my signature in order to deliver a package. After scrawling a pseudo-signature on his handheld device, I looked at the return address and recognized that it was a delivery from the Mint. Knowing I was waiting for an order I placed, I opened the package and was curious to find one small blue box that is similar to those used for the American Eagle coins.

Once I opened the box and opened the velvet case, I was struck by the shiny beauty of a one-ounce proof American Buffalo $50 gold coin! What a beautiful coin. It is very faithful to the Type 1 Buffalo Nickel down to the “rough” background of the original. The contrast of the proof strike makes is a fitting tribute to James Earle Fraser’s design and the workmanship at the West Point branch mint. Although I am attaching pictures to this article and the Mint provides their pictures, no picture can do this coin justice.

But wait… I didn’t order this coin! I fumbled for the enclosed invoice and found that my father bought the coin and had it shipped directly to me. In my surprise, I called my father to thank him. I am still surprised and still thankful for such a wonderful coin.

Other than allowing me to show off, I hope this will inspire parents of young numismatists to maintain this interest over the years. Even if your interests may change and collection goals differ, numismatics is something that will get you through those tough times until the kids figure out that their parents aren’t as stupid as we thought they were!

Noe Coin-Fund Trial Begins

Tuesday, the trial of Tom Noe, the indicted coin dealer who was charged with 44 felony counts for allegedly bilking the Ohio Bureau of Worker’s Compensation (BWC), began last Tuesday with opening statements and prosecution testimony. Prosecution opened with Noe’s former cataloger talking about the coins and the free flow of money. Testimony was followed by an appraiser from Southeby’s who said that he was surprised to find “millions of dollars” collectible Americana which was said to have been bought with proceeds from coin sales.

Last month, Noe pleaded guilty to three counts of campaign finance violations and was sentenced to 27 months in prison. Noe remains free on $500,000 bail during this trial.

Readers can follow the story at the Toledo Blade. Unless something extrordinary happens, I will report on the verdict when it is handed down.

President Signs Byron Nelson Congressional Gold Medal Act

The White House announced today that President Bush signed H.R. 4902, the “Byron Nelson Congressional Gold Medal Act” authorizing the award of “a congressional gold medal to Byron Nelson in Recoginition of his contributions to the game of golf as a player, a teacher, and a commentator.” This bill allows for the minting of duplicate medals in gold and bronze at a price and quantity set by the Secretary of the Treasury. Procedes will be used to cover the cost of minting with the balance deposited into the United States Mint Public Enterprise Fund.

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