May the holidays find you happy, hopeful, and healthy.
Since I missed posting the news from Sunday: and now the news…
May the holidays find you happy, hopeful, and healthy.
Since I missed posting the news from Sunday: and now the news…
The result of the sale of the Enhanced Reverse Proof 2019-S American Eagle continues to reverberate through the hobby. Industry reporters continue to hear from collectors that they feel like the U.S. Mint is taking them for granted.
The biggest question is, how did all of these dealers get these coins in inventory? How did others find the stock to flip on sites like eBay?
Dealers and speculators are at it again. It is similar to the chaos they caused for the opening of the 2014 JFK 50th Anniversary Gold Proof Coin. They hired people to shand in line for them who caused a near riot. Now, they have taken these manners to cyberspace.
How can the U.S. Mint fix the issue?
The best answer I have heard came from William T. Gibbs at Coin World, who suggested a dedicated sales window for established customers. Gibbs wrote:
What an excellent idea!
The U.S. Mint can create a “Collector’s Club” where non-commercial customers can earn points. The more points, the closer to the front of the line you get to access limited edition items. They can slowly add perqs for better customers, including levels for reduced and free shipping.
There is no reason to prevent the U.S. Mint from making the Collector’s Club a policy. The only question is whether they have the wherewithal to implement something like this. I do not think they do, but I hope they prove me wrong!
On a personal note, my wife and I just left Boomer at the vet hospital. Boomer is 12 years old and celebrated his 12th anniversary with us on December 2. Since we were never able to have children, Boomer was our first four-legged child. It will be hard to imagine life without Boomer so we are hoping for the best.
For the last few weeks, a few have noticed that there has been a slowdown in my postings. Several have written during the last week-or-so asking if I was doing well and whether I have abandoned the blog.
To those who have written, thank you for your concern. Following a bought with a sinus infection, I am doing well. But that was not why posting has slowed.
I mentioned that I started a business working with collectibles and estates. From a 4,000 square foot warehouse with a 400 square foot showroom, my staff and I are working with a diverse crowd interested in all sorts of items from memories in vinyl records to vintage comic books. We are also working with estates and downsizers to help sell off assets via private branding online auctions.
When I started, I thought the business would be a good idea. It would fill a niche that does not exist in this area of Maryland. When I opened the doors at my 4,000 square foot space, I told my wife that the place is so big that it may take more than a year to fill the space.
I opened the doors at the end of June without advertising. I thought I would begin with organic growth while completing the setup. The advertising campaign began in August. By mid-September, I had a client list that created more demand for our services than I can serve from the 4,000 sq ft warehouse. In October, we are generating revenue that I originally projected would have occurred six months from now.
I knew I had a good idea but I did not know this business would take off as fast as it is!
For now, I am working seven days a week and late into the evening. Although I try to take Sunday off, I have to work today. But I do not mind. I am having fun.
I am meeting new people and allowing myself to enjoy this process. And it allows me to do practice what I preach… I may be the boss but my employees have a say in how things are done. They are encouraged to tell me when I do something wrong, offer suggestions, and make some decisions on their own. My assistant allowed some unusual consignments that later turned into quick and profitable resales. She’s good!
As for the Coin Collectors Blog, I am still posting stories to social media and collecting the best ones for this weekly post. I do have a number of posts I started but never finished that I will get to shortly—including my thoughts on the Apollo 11 Commemorative coin design. I just need to complete the priority tasks for the next few days then I will be back.
And now the news…
A commemorative series of £5 coins has been released to mark the Prince of Wales' birthday. It features an engraved portrait of Prince Charles, who turns 70 on 14 November. The Royal Mint, based in Llantrisant, Rhondda Cynon Taff, also struck coins for his 50th and 60th birthdays. → Read more at bbc.com
A $1 coin has caused a storm on social media after its owner spotted an odd feature, but there is a simple explanation to this ”˜time-travelling’ coin. The heads side of the coin is marked with the year 2019. → Read more at finance.nine.com.au
In less than a month, many nations around the world will mark a momentous date. This year, November 11th will be the 100th anniversary of the Armistice to end the horrific tragedy of the First World War. → Read more at rcinet.ca
One of the very first pennies produced in the U.S., estimated to be worth $1 million, will be auctioned in Baltimore next week. The 1792 Birch Cent will be auctioned by Stack’s Bowers Galleries at the Whitman Expo in Baltimore on Oct. → Read more at foxnews.com
A mind-blowing coin with a nifty hidden mechanic is wowing the internet. The object in question was made by Roman Booteen, an Instagram artist who creates intricate carvings on Zippo lighters and coins. → Read more at mashable.com
German prosecutors have indicted four young men over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum. The "Big Maple Leaf" coin, worth several million dollars, was stolen from the Bode Museum in March 2017. → Read more at miamiherald.com
“The most wonderful time of the year” is quickly approaching, and you know what that means. Parties, potlucks and…plenty of time to show off your beloved bullion coins, collectors coins… → Read more at invest.usgoldbureau.com
Have you ever received coins or currency in your change with a message?
If you have, please drop me a note because I am interested in these items.
Sometimes, someone will write or stamp a message about something on currency. Messages can range from someone calculating their tip to political messages.
Messages on coins are different because they are smaller. We do not see too many messages on modern coins but I have seen a few coins with stickers and counterstamps. I am interested in those, too.
One of the most common messages on currency is “Where’s George?” Where’s George is an online database that contains the tracking information for over 280 million unique notes. It is one of those sites created for fun that is also educational. You can watch where the dollars you spend are circulated.
But other than Where’s George what other graffiti have you seen on United States currency?
Please tell me what you found. I am interested in obtaining a high-resolution scan or purchasing the item.
Just to keep my sanity, here are some simple rules:
The items I buy or request scans is solely at my discretion.
Using the items in my project is also solely at my discretion.
Credit will be given to all who help whether or not I use the item.
Although the vast majority of my audience is in the United States, I may consider messages on currency from other countries. If you find something, let me know.
Let’s see what we can find!
It has come to our attention that a third-party booking company inaccurately representing itself as our hotel vendor is contacting ANA members, dealers and exhibitors, offering to book you a hotel room at the ANA World’s Fair of Money; some even provide a promotion code or will misrepresent that they are calling from the hotel.
ANA is not utilizing any housing service vendors for the Philadelphia World’s Fair of Money. Nor has the ANA shared your email with anyone.
Room reservations for the Philadelphia World’s Fair of Money should be made directly with the Philadelphia Marriot Downtown (the show’s host hotel) either by phone – 1-888-236-2427 (mention ANA World’s Fair of Money to secure the group rate) – or via our website at www.money.org/worldsfairofmoney/lodging. Should you want to stay elsewhere, we strongly recommend calling the hotel directly or using a reputable online service such as Hotels.com or Expedia.com.
If you provide your credit card information to any of these unauthorized vendors, your card may be charged but you may not have a reservation when you arrive in Philadelphia. Unfortunately, this is a well-known scam perpetuated on unsuspecting conventioneers across the country.
If you have any questions about the World’s Fair of Money hotel block, or general questions about the show, please contact Jennifer Ackerman at firstname.lastname@example.org, Christie Cooper at email@example.com, or call the ANA Convention team at 1-888-448-3262. Complete information about the show is also available online at www.worldsfairofmoney.com.
Do you have an interest in public policy and its impact on the numismatic community? How are your research skills? Can you search multiple sources to find those issues from the local, state, federal, and international politics that could be reported to numismatic and bullion dealers? It would be a real plus if you were able to contact and network with people on Capitol Hill to find information whether it is on background or that can be published.
Can you keep up with the policy changes during the month and write about it in a monthly newsletter?
If you have an interest in writing about the public policy of the numismatic and bullion industry as it affects dealers, then please contact me.
Aside from being interested in the topic, you must be able to write for a general audience. This includes having a good understanding of the policy (sausage) making processes and be able to write about it coherently. To get a better understanding of the type of writing this work requires, you can read the posts here under the legislative category.
This is a once per month newsletter with a stipend.
I am not the person doing the hiring but I am helping the hiring manager fill this position.
If you are interested or have further questions, please contact me.
I wanted to keep this week to writing more about numismatics than commenting on something going on. Unfortunately, that changed with an alert showing up in the Federal Register that the David Ryder nomination is on hold. That put a funk on the week.
During the week I was able to pick up something for my collection and find a few cool banknotes. That helped pick me up for the week. Adding to my collection is always fun and learning is essential to keeping the mind sharp.
There was a lot of news this week. I was able to whittle the number of interesting stories down to 11. It is compelling to see how numismatics is seen from the non-numismatic media.
There was also a lot of news from the numismatic industry including the announcement of the passing of Ed Rochette. A sad loss for the community.
If you want to keep up with some of the announcements from the community, you can watch the Coin Collectors News site, the sister site to the blog. You can watch the news directly on the site, from the “Recent News” widget on the sidebar, subscribe to the RSS feed , or subscribe to receive notices by email. If there is news, you will only see one email per day.
And now the news….
TEHRAN, Jan. 22 (MNA) – Police officials in Iranian northern city of Qa’emshahr arrested three antique smugglers who were illegally trafficking 299 antique coins of Sassanid era. → Read more at en.mehrnews.com
Former landscape architect Ben Huang started his coin cufflink company Patinova after noticing a gap in the market. His jewellery has taken off and he’s branching out into other Chinese-themed accessories → Read more at scmp.com
Russia now has a coin commemorating the iconic Russian musician, actor, and poet Vladimir Vysotsky, who would be 80 years old on January 25 if he were still alive. → Read more at rferl.org
Business briefs from the Daily Pilot newspaper. → Read more at latimes.com
A first look at the new R5 coin celebrating the centenary of Nelson Mandela’s birth → Read more at brandsouthafrica.com
A vast selection of coins and medals is on display at the National Numismatic Exhibition, opened earlier this week at the National Museum of Archaeology in Valletta. It is being presented by Heritage Malta. “This valuable collection shows us and reminds us of our country’s eventful and rich past,… → Read more at timesofmalta.com
PJ police have managed to recover a unique Roman coin that was stolen from a religious sanctuary in Alijó, Vila Real, Northern Portugal, over 30 years ago in 1985. → Read more at theportugalnews.com
The tourist attraction lets you 'strike your own coin' → Read more at walesonline.co.uk
Melbourne company Highland Mint continues to flip out over its role in Super Bowl — making the *the* Super Bowl coin that decides who gets the ball first. → Read more at floridatoday.com
A stash of gold coins is latest clue that shipwreck 40 miles off NC is that of the steamship Pulaski. → Read more at charlotteobserver.com
One man spent £150,000 on the coins – which are now worth no more than £50,000 → Read more at nottinghampost.com