The news of the week is the police in Berlin now saying that they believe that the 2007 Canadian $1 Million Gold stolen from the Bode Museum was melted.
Four suspects were arrested in Berlin for stealing the 100 kilograms (221 pounds) 24-karat gold coin are believed to have connections to the Lebanese Mafia. One of the suspects had started working for the museum a few weeks before the heist.
Since it is no longer a coin, it might be difficult to track down the actual gold. Although the coin was entered in the Guinness Book of World Records as the world’s purest gold coin and media estimates that it is worth $3.3 million, the actual melt value of the coin is $4,080,245.34 with the current gold spot price of $1269.10 per troy ounce.
Only nine stories are interesting enough to make the list this week.
DIEPPE, N.B. — It was officially code-named Operation Jubilee and the allied attack on the German-occupied port of Dieppe was a pivotal moment in the Second World War. But 75 years later, a battle is brewing over just what to call the bloody assault that claimed the lives of nearly a thousand Canadian soldiers. → Read more at atlantic.ctvnews.ca
ABERDEEN, SCOTLAND—The Scotsman reports that a ninth-century coin was found alongside evidence of a longhouse at Burghead Fort, a site researchers believe to have been a Pictish power center in northeast Scotland. → Read more at archaeology.org
An estimated 3% of all round pounds were considered forged – however it seems the Royal Mint may have just beat the crooks → Read more at mirror.co.uk
Amusement and vending machine firm Clearhill had to adapt all its products to accept the new 12-sided coin. → Read more at bbc.com
Coin collecting is a cherished hobby amongst collectors and often sparks many fond memories. Endless nights searching through sacks of coins and coin rolls in hopes of coming across a Wheat Penny, a Buffalo Nickel, or a Seated Liberty come to mind for some. Overall, it’s the hard work and the fulfillment of the chase once you are able to add a coin of significance to your collection. → Read more at kiro7.com
A coin and money convention, including an auction for rare currency, will hit Denver’s Colorado Convention Center Aug. 1-5. → Read more at denverpost.com
Illinoisans keep a lot of weird stuff in safety deposit boxes. Just ask state treasurer Mike Frerichs. → Read more at chicagotribune.com
Few know that one of the nation’s first gold rushes took place in Georgia during the first half of the 19th century. → Read more at onlineathens.com
NOTE: I am an alumnus of the University of Georgia (HOW BOUT THEM DAWGS!) with hopes to return to Athens to see the exhibit!
It turns out that those who stole a huge gold coin from a German museum in Berlin on March 26, are "members of a Lebanese mafia." The gold coin was the size of a car wheel, weighing a 100-kilogram and worth around $ 4 million US dollars. → Read more at english.alarabiya.net