Weekly World Numismatic News for March 27, 2022
Medals come in many forms, from those that can be pinned to clothing to something equivalent to a token. They can be shaped, round, or a multilayered object presented to winners, participants, or for significant achievements.
Some people collect medals but may not consider themselves numismatists. Michael Phelps may not consider himself a numismatist but has one heckuva collection of Olympic medals, and Katie Ladecky is building quite a collection.
Challenge coins are a type of award. In its original intent, challenge coins are passed to someone deemed worthy of being honored by the issuer. Collectors take pride in collecting challenge coins like Brian Williams. During a segment of Nightly News, Williams showed off his collection. Over the last 10-15 years, challenge coins expanded beyond military service and civilian agencies. City agencies, law enforcement, and many others now issue challenge coins. It has opened the market to new collectors. Challenge coin collectors do not consider themselves numismatists, but they are as dedicated to collecting challenge coins as a Morgan dollar collector searching for VAMs.
As time progresses, there are new opportunities to collect awards and medals. Collections of medals and awards are now selling in estate sales and auctions. Families do not know what their loved ones collected and are selling below value. It is a tremendous opportunity to join this area of the market.
Awards and medals create an opportunity to expand collections and welcome more collectors to the community.
And now the news…
→ Read more at infodocket.com
→ Read more at collectspace.com
→ Read more at proactiveinvestors.co.uk
→ Read more at supermanhomepage.com
→ Read more at smithsonianmag.com
→ Read more at benzinga.com
ADMIN NOTE: Subscribing to Blog Updates
As time and technology changes, we have to be able to keep up with the times. For the longest time, the Coin Collectors Blog and Coin Collectors News have used Google’s Feedburner to allow users to subscribe for updates via email. Starting in 2021, email updates for the Coin Collectors Blog and Coin Collectors News will use WordPress to send email updates exclusively.
Google stopped supporting Feedburner in 2010. Although it has continued to work, Feedburner cannot handle the growth of subscription requests. On several occasions, I had to fix issues manually. It has interrupted time I would rather spend on writing.
WordPress does not allow me to import email addresses from the old system. Those interested in receiving updates via email must subscribe via the form here or in the sidebar.
Both services will continue to work until 2021. On or after New Year’s Day, I will terminate the Feedburner service. Until then, there will be no support for Feedburner subscription issues.
Please visit the Coin Collectors News site to sign up for updates when the industry makes news.
September 2020 Numismatic Legislation Review
At the beginning of every month, I try to summarize the numismatic-related legislation from the previous month. A few months were skipped because they were boring. September was not boring. It was overwhelming because the bills that showed progress are very significant.
H.R. 1923: Circulating Collectible Coin Redesign Act of 2020
- initiate a program to promote collection of the coins and recognition of their subjects, and
- strike and make available for sale silver bullion coins that are the exact duplicates of the coins.
Starting with H.R. 1923, Circulating Collectible Coin Redesign Act of 2020, it became a catchall bill to make many changes to the U.S. Mint’s circulating coin programs. Initially, the bill began as a proposal to create a series of circulating quarters honoring Women’s History and the Nineteenth Amendment. Since it was a convenient vehicle, other series ideas were added.
If the bill passes the Senate, the following will change your pocket change:
Quarters
- 2022-2025: Accomplishment of American Women, 5 per year
- 2026: U.S. Semiquincentennial, up to 5
- 2027-2030: Sports Played by American Youth, 5 per year
Half-Dollars
- 2027-2030: Paralympic Sports
Dollars
- 2026: U.S. Semiquincentennial
Medals
- 2027-2030: Accompanying Sports Medals
- 2028: Manufacture medals for the 2028 Olympic Games in Los Angeles
Silver Bullion Coins
- 5-ounce coins based on the quarter and half-dollar designs
- Can produce “ fractional” silver bullion coins
George Washington will continue to appear on the obverse but “be designed in a manner, such as with incused inscriptions, so as to distinguish it from the obverse design used during the previous quarters program.” Does this mean that the John Flannagan design and its many permutations can be retired for something a little more attractive? Replacing the Flannagan design for the Laura Gardin Fraser design would be appropriate.
The bill includes similar language for the image of John F. Kennedy on the 2026 Semiquincentennial half-dollar.
H.R. 4104: Negro Leagues Baseball Centennial Commemorative Coin Act
H.R. 4104, Negro Leagues Baseball Centennial Commemorative Coin Act, is a typically formatted commemorative coin program for 2022 to honor the Negro Leagues’ centennial. Surcharges will be paid to the Negro Leagues Baseball Museum.
H.R. 6192: 1921 Silver Dollar Coin Anniversary Act
H.R. 6192, 1921 Silver Dollar Coin Anniversary Act, will allow the U.S. Mint to produce a Morgan and Peace Dollar in 2021. These coins may contain more than the original 90-percent silver of the original.
The rest of the bills were introduced in September. There is not much to talk about until something happens, which is not likely until the lame-duck session.
H.R. 8242: National Women’s Hall of Fame Commemorative Coin Act of 2020
S. 4663: A bill to amend title 31, United States Code, to save Federal funds by authorizing changes to the composition of circulating coins, and for other purposes.
S. 4730: A bill to amend title 31, United States Code, to require the Secretary of the Treasury to mint and issue quarter dollars in commemoration of the Nineteenth Amendment, and for other purposes.
Weekly World Numismatic News for October 11, 2020
If you do not follow the U.S. Mint on Facebook or Twitter, they announced that there would be a price increase for silver coins as of October 13, 2020. Their statement read:
In order for the United States Mint to cover rising costs, meet its fiduciary responsibility to operate at no net cost to taxpayers, and return money to the Treasury General Fund, re-setting silver prices is necessary.
The Mint’s goal, as a fiscally responsible self-funded Federal agency, is to always provide the best quality numismatic products while maintaining fair prices. The first objective is to ensure that the numismatic portfolio (all product lines together) be self-sufficient and cover all associated costs. The new silver prices reflect a sound business decision aimed at meeting these obligations. (No tax dollars are used to fund numismatic operations.)
The United States Mint will continue to look for operations optimization and cost reduction efforts to deliver superior quality numismatic products at a fair price.
From the $17.925 at the close of the markets on January 2 through August 6, silver rose 58-percent. If the U.S. Mint had to purchase silver in August to meet market demands, it was the most expensive silver they purchased.
| Product | Old Retail Price | New Retail price | Percent Increase |
|---|---|---|---|
| Presidential Silver Medals | $46.00 | $65.00 | 41.304% |
| America the Beautiful Quarters Silver Proof Set | $42.50 | $60.00 | 29.167% |
| American Eagle One Ounce Silver Proof Coin | $64.50 | $73.00 | 13.178% |
| American Eagle One Ounce Silver Uncirculated Coin | $54.00 | $67.00 | 24.074% |
| American Eagle One Ounce Silver Proof Coins—Bulk Pack | † | $2,920.00 | — |
| American Eagle One Ounce Silver Uncirculated Coin—Bulk Pack | † | $2,680.00 | — |
| Limited Edition Silver Proof Set | $120.00‡ | $201.00 | 67.500% |
| Silver Proof Set | $63.25 | $105.00 | 66.008% |
| America the Beautiful Five Ounce Silver Uncirculated Coin | $178.25 | $229.00 | 30.670% |
| End of World War II 75th Anniversary American Eagle Silver Proof Coin | * | $83.00 | — |
| End of World War II 75th Anniversary One Ounce Silver Medal | * | $75.00 | — |
| 2019 America the Beautiful Quarters Silver Proof Set | $36.95 | $60.00 | 62.514% |
| 2019 American Liberty High Relief Silver Medal | $99.95¶ | $175.00 | 75.088% |
| 2019 Congratulations Set | $56.95 | $75.00 | 31.694% |
| 2019 Silver Proof Set | $54.95¶ | $105.00 | 91.083% |
‡ The only items for sale at the U.S. Mint that comes close to this is the Women’s Suffrage Centennial 2020 Proof Silver Dollar and Medal Set
* Item was not for sale prior to the price hike
¶ Listed as “Currently Unavailable” on the U.S. Mint’s website.
You cannot blame the U.S. Mint’s metals buyers. First, they are mandated to buy precious metals from U.S. sources at the market value. If they need additional inventory, then they buy it on the market like everyone else. Like any investor, the U.S. Mint can try to predict the market, but the results are variable like any investor.
Since August 6, the price of silver dropped to $24.315, a 14.17-percent decrease. However, the price of silver is up 35.65-percent for the year. If the price of materials rise, how long could the U.S. Mint maintain their prices?
Aside from the rising cost of silver, the U.S. Mint did not report how much other costs have risen. Aside from the dies and facilities costs, they must account for labor, design, and production costs. The U.S. Mint has not reported what additional costs they have incurred because of the pandemic.
The U.S. Mint is unlikely to report about these issues until the release of the annual report.
And now the news…
→ Read more at greekcitytimes.com
→ Read more at newindianexpress.com
→ Read more at yarmouth.wickedlocal.com
→ Read more at foxnews.com
Weekly World Numismatic News for October 4, 2020
As much as I have written, tried to manipulate the search engine optimization (SEO) to get the word out, and dropped messages on social media, people continue to purchase counterfeit coins from China.
You cannot even trust the slabs sent by Chinese companies. A dealer who saw my post about purchasing coins that I suspected were counterfeit saw the picture of the slabs that were shipped. On closer examination, the slabs are the same as they use to counterfeit NGC slabs.
Last week PCGS announced they are adding a tag to their slabs that can help identify them electronically. The technology is called Near Field Communications (NFC). The technology creates contactless communications between a passive and an active device. In this case, the tag in the slab or currency holder is passive. There is no power in the passive tag but will respond to a special signal to transmit its data.
The active device sends the signal that causes the passive tag to respond. In this case, your smartphone can send the signal to and process what the passive tag sends. It is called Near Field Communications because the passive tag does not generate a strong signal, and the active device has to be close enough to hear what the tag has to say.
Using NFC is an interesting idea and, if implemented correctly, can add to the security of a slab. In the future, I will contact PCGS to discuss the security of the system they developed. Maybe I will dust off my old hacker’s hat and reverse engineer one of these tags. Very few electronic devices are unhackable. The idea is to make it as difficult as possible.
In the future, the technology that will help collectors protect themselves must be made publicly available. The current state of image processing and artificial intelligence can be used to examine a coin’s surface. Aside from its ability to grade the coin, it could tell the difference between a legitimate coin and a counterfeit that uses an aluminum alloy.
In addition to adding technology, the U.S. Mint should follow the leads of the Royal Canadian Mint and the Royal Mint to add security features to bullion coins. After all, David Ryder spoke about security during his confirmation hearing. Where is the progress on that?
And now the news…
→ Read more at brusselstimes.com
→ Read more at thepeninsulaqatar.com
→ Read more at belfasttelegraph.co.uk
→ Read more at edp24.co.uk
→ Read more at thecostaricanews.com
What is Numismatically Trending
Over the last few weeks, I have been posting and watching the chatter on social media about the current offerings by the world’s mints. Given the opportunity, I engaged several people to conduct an informal poll. I did not define specific questions. I allowed people to discuss and argue about what they really think. Based on these conversations, here is what I learned.
Many people are interested in colored coins. More than half of the people who responded to public statements or my direct queries said they were interested in the colorized Basketball Hall of Fame Commemorative Coins. It was almost unanimous amongst this group that they favored using color as an enhancement to the design.Although those favored using color as an enhancement, an overwhelming majority did not like all printed coins. Many of the complaints came from the lenticular coins from Canada. And while most would not purchase many of the coins with comic book themes, the only objections were the printed designs.
Few people objected to the commercial themes used on coins. Whether the coins celebrate Star Trek or Star Wars, the only difference was if the collector wanted to be beamed up or was with the Force. Those who did not like colored coins would be interested in coins struck using these themes.
I heard from a small group of comic book fans who love the coins with their favorite characters’ themes. Many pointed to fandom websites that celebrated the coins produced by the New Zealand Mint, Royal Mint, and Royal Canadian Mint. They do not care who produces the coins. These fans see the coins as an extension of their comic book fandom.Last week, I talked with someone about classic rock, which was wearing a Kiss tour jacket. He expressed excitement at finding the Kiss Challenge Coins online. He also mentioned challenge coins and medals from other bands. After our conversation, I searched online for the information. I found that Kiss authorized four challenge coins with each member’s image plus one for Eric Carr, the late drummer who died in 1991. Exonumia is a part of numismatics.
Themed coin series is a trendy way of collecting outside of the United States. Several British collectors thought that the Royal Mint’s 50p coins’ themes were a lot of fun. The Royal Mint produces 50p coins that celebrate children’s book characters, famous authors, and historical figures. A mother of three youngsters was excited about the recently released Winnie the Pooh 50p coin. Aside from being a children’s favorite, Winnie’s creator, A.A. Milne, also wrote speeches for Winston Churchill.
Then there were the hard-core, anything made after 1964 and not silver contingent. These collectors were a minority but were the most vehement about the “right way” to collect coins. When I asked how they would classify my collecting habits, I was accused of collecting junk or trinkets or buying into scams. I never told them that I compiled a complete set of high grade (not in slabs) Peace Dollars. With one exception, everyone in this group was male and over 50 years old. The other was in his late-40s.Numismatics is a hobby. Hobbies are supposed to be fun. You are supposed to like what you collect. If you like Kiss Challenge Coins, then go out and find them all. If using different metals to create interesting effects like the Royal Canadian and New Zealand Mints create, have fun. Even if you find enjoyment with searching pocket change for coins, you are a numismatist and are welcome to the hobby.
Everyone who collects numismatics should be welcome without being told they are collecting the wrong way. As time moves on, I will be proposing new ideas on making the hobby more inclusive. I welcome everyone’s feedback!






