Weekly World Numismatic News for February 24, 2019

The delay in reporting the weekly world numismatic news was because I worked at my first Comic Convention or Comic-Con. It was a small Comic-Con with between 60 and 80 vendors around a large hotel ballroom. Of course, each table had comics but others had different items related to the comics, science fiction, horror, pulp fiction, and similar works.

As with any of the shows that I have worked, there were the serious collectors with want lists who were laser-focused on finding that gem for their collection. There were the collectors and those with a general interest who were there for the experience. They were looking at different items for something unusual. Finally, there were those who were there for the cosplay. Cosplay is a portmanteau (combination) of the words costume play.

Aside from a visit by the likes of Darth Vader, Wonder Woman, and the Joker in the crowd, the best costume was the guy dressed as Iron Man. Ironically, the solid pieces of his costume were made from wood. It looked good but the wood seems odd given the character.

What does my experience at the Comic-Con have to do with numismatics? It is a type of show that demonstrates how other hobbies adapt with their audience to lure new collectors. Rather than concentrating on making sure that every collector has the latest special edition of the No. 1 copy of the current story with their favorite character, it promotes fun, interaction, and does not judge each other because someone does not collect the four special covers of the No. 1 copy just issued by the comic book designer.

Numismatics claims to be all inclusive but if you ask most dealers what to collect, they will gravitate to most of the same answers. If they are not pushing gold the number of Morgan dollars in their cases is an indication of their preference.

There are too many people with set ideas of what makes a good collection. And the problem is that the dealers are the wrong people to ask. They have an agenda over the perpetuation of the hobby. There is nothing wrong with that agenda because it contributes to their livelihood and the well being of their employees. Unfortunately, too many dealers pay lip service to the notion of collect what you like while pushing the latest set of VAMs on you.

While thinking about the show as I was driving away with half-empty bins of inventory was that if the hobby was more inclusive to people who do not collect high-end merchandise. People have different tastes and there should be more dealers who not only cater to those tastes but should be given better access.

Speaking of the dealers, if they want to be more inclusive and show consideration for the collectors they should stay until the close of a show on Sunday. When I participate in the many antique shows, flea markets, toy shows, sports shows, and now this Comic-Con, dealers are warned that if they pack up and leave early they may not be allowed to set up at a future show. Numismatic shows say this, including those sponsored by the ANA, but nobody follows through. Then we get a situation like in Baltimore where it is not worth attending on Sunday, my only day off this week.

Finally, something should be done to make the shows fun. While I am not suggesting that people get dressed up like at the Comic-Con, there has to be something to make it fun. For example, the last time I attend the F.U.N. show, there were tables set up where Hobo Nickel artists were carving coins and making jewelry on the show floor. That was fun!

Although there are dealers who give out low-value coins to young collectors, can we do something to make the show more fun for the casual collector? Does everything have to be about buying the next piece of stickered plastic that happens to have a coin inside?

There have been some successful promotions including a chance to win an autographed Red Book but what about a drawing for a gift certificate? Hire a magician to do some coin magic to intrigue people. What about a walking exhibit where an expert in a non-mainstream area walks around and starts with, “Hey, let me tell you a story…” which involves taking a coin and talking about it beyond its grade. I am sure that someone can take a handful of tokens representing the area of the country where the show is and tie it with local history.

Numismatics is not dying, but it is not adapting. Maybe if the shows can be made into a real event then more people would be willing to collect. Remember, the Comic-Con had aisles full of people on a Sunday, more than will attend the Whitman Show in Baltimore next week!

The view standing In the middle of Hall A at the Baltimore Convention Center for the March 25, 2018 Whitman Expo.
Is this the fate of numismatics?

And now the news…

 February 19, 2019

A TEAM of metal detectorists in a field near Malvern had a 'lottery winning' moment as they found a hoard of rare 17th Century coins.  → Read more at worcesternews.co.uk


 February 19, 2019

Coins were buried in a ceramic pot under the floor of a building, Warwickshire County Council said.  → Read more at bbc.com


 February 20, 2019

The 14th Century coin was discovered inside one of three hidden drawers in a wooden bureau.  → Read more at bbc.com


 February 20, 2019

The Bangko Sentral ng Pilipinas on Tuesday warned the public against improper handling of peso bills and coins.   Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Philippine Stock Exchange (PSE) Index, inflation, interest, market prices and economic analysis.  → Read more at gmanetwork.com


 February 21, 2019

Danny Bostock is accused of killing rival Gordon McGhee during bungled burglary  → Read more at theweek.co.uk


 February 21, 2019

The 14th Century coin was discovered inside one of three hidden drawers in a wooden bureau.  → Read more at bbc.com


 February 21, 2019

A Burnsville man and former coin dealer has pleaded guilty to fraud charges in federal court. Barry R. Skog, 68, pleaded guilty Thursday to one count of mail fraud and one count of selling counterf…  → Read more at twincities.com

Coin Collectors News
news.coinsblog.ws

US Mint Asks: Are You a Numismatist?

After hearing a lot about the new commercial from the US Mint, I finally saw one last night. When the commercial began, I thought that it was going to try to sell new drug. Although some may consider numismatics better than an anti-depressant, the advertisement is clever and nicely done.

An interesting aspect of the commercial is the emphasis on “genuine.” With the recent statement about the Liberty Dollars medal, the commercial touts the sale of “genuine United States Mint coins” and later says that they are “genuinely worthwhile.” That reminds me, I need to order my annual sets!

If you have not seen the commercial, someone posted it to YouTube for everyone to enjoy.

UPDATE: While sitting in Beltway traffic today, I heard the old Huey Lewis and the News song I Want a New Drug on a local classic rock station. As I listened to this song, I remembered the Mint commercial and found it more humorous. For those who do not know or remember this song, the the beginning lyrics are:

I want a new drug
One that won’t make me sick
One that won’t make me crash my car
Or make me feel three feet thick

I want a new drug
One that won’t hurt my head
One that won’t make my mouth too dry
Or make my eyes too red…

May be the Mint found our new drug!

CCAC to Meet 9/28

The US Mint announced that the Citizens Coinage Advisory Committee (CCAC) will hold a public meeting on Thursday, September 28, 2006. The meeting will originate from the Mint’s Headquarters at 801 9th St. NW in Washington, DC. This meeting will be held via teleconference. The meeting is open to the public but the conference call number has not been published. When calling the CCAC meeting information line (202-954-7502), the recording mentions the August 18 meeting that was held in Denver.

In fact, the CCAC website is seriously out of date!

Agenda items for this meeting are reported to be to disucss the designs for the Congressional Gold Medal to honor the Tuskegee Airmen and the Fiscal Year 2006 CCAC Annual Report. The Commission of Fine Arts (CFA) will discuss the Congressional Gold Medal at their September 21 meeting.

CFA Meets to Review Medals

The Commission of Fine Arts (CFA) will meet starting at 10:00 AM on September 21 at the National Building Museum in Washington, DC. For numismatiscs, the CFA has two items on the agenda that may be of interest. First, the commission will review the final design for the Congressional Gold Medal to the Tuskegee Airmen. The other is to review the design of the medal for Secretary of the United States Treasury, John W. Snow.

As part of Public Law 109-213 [text or pdf], congress will award the Congressional Gold Medal to the Tuskegee Airman “in recognition of their unique military record, which inspired revolutionary reform in the Armed Forces.” The law requires one gold medal to be minted and provided to the Smithsonian Institute to be “displayed as appropriate.” Bronze duplicates will be made for collectors to purchase.

Since 1881, the Mint has produced a medal for each Secretary of the Treasury including prior Secretaries. The obverse uses a portrait of the Secretary and the reverse featues the Treasury seal and other emblems or words that represent the Secretary’s term. The approval of the design for former Secretary Snow will formally complete his term.

How Much is that Coin Really Worth?

I read other numismatic blogs to see if they find anything interesting. Sometimes, I will do additional research and write my own entry. But there was a posting on one blog that I could not write better. The writer of the Coin Collecting (and other Numismatic Interests) Through the Eyes of a Beginner blog wrote an interesting entry about the actual worth of the gold and silver in the tribute “coins” a private mint is advertising as struck using gold and silver recovered from the World Trade Center. In his blog entry How much is the gold or silver worth in that coin or medallion?, Arlington calculates the actual value of precious metals in those over-hyped medallions. The math is very easy to follow and concludes thatt the real value of precious metals in that medallion is 30-cents!

I have purchase silver rounds and commemoratives from other private mints. These purchases were from private mints that fairly represented their products and did not try to mislead me by using linguistic twists to make their products sound like something it is not.

Before you buy from a private mint, understand exactly what you are buying! As Arlington demonstrates in his blog entry, you should buy the steak, not the sizzle!

Mint to Offer Uncirculated American Eagles

Something that I missed last Friday was the announcement by the US Mint of their pending sale of uncirculated American Eagles as part of the Mint’2006 Holiday Catalog. These special uncirculated Eagles will be struck at the Mint facility in West Point and carry the “W” mint mark. The mint says that these coins will be struck on specially burnished planchets. Coins will be encapsulated and will include a Certificate of Authenticity.

The design of the gold and silver coins in this program will be the same as their proof and uncirculated counterparts. Platinum coins will use the same obverse as the proof and uncirculated coins with the reverse featuring the design honoring the Legislative Branch of the federal government that is used on the platinum proof coin.

The Mint is pricing their coins “at the relative mid-point between the American Eagle Proof Coins and the American Eagle Bullion Coins.” Prices will be as follows:

Platinum American Eagles

  • 1 ounce $1,390
  • ½ ounce $720
  • ¼ ounce $390
  • 1/10 ounce $180
  • four coin set $2,585

Gold American Eagles

  • 1 ounce $720
  • ½ ounce $375
  • ¼ ounce $190
  • 1/10 ounce $85
  • four coin set $1,350

Silver American Eagles

  • 1 ounce $19.95

These coins will be on sale beginning September 28, 2006 from the Mint’s website and via their phone ordering service 1-800-USA-MINT (872-6468). As with other collectibles, the Mint will probably place order limits during the initial offering phase. The Mint has not disclosed what these limits will be.

Get Updates via Email

Join 245 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