With everything going on, it is nice to find something amusing. Over the weekend, I wanted to listen to a couple of podcasts. I reached into my pocket for the case containing my wireless earbuds and found something came along for the ride.
Stuck to the magnetic closure was a coin. A closer look found the coin is a 1978 Canada 10-pent coin. Or that is what the coin appears to be.
The Canada 10-cent coin is slightly larger than the U.S. dime (18.03 mm versus 17.91 mm), and today, the Canadian coin is made of plated steel. But this is a 1978 coin and may not be steel. While investigating the coin’s specification, it is supposed to be made of nickel. I thought nickel was not magnetic. Time to review my basic science
My earbud case magnetized the Canada 10¢ coin made of nickel.
The Canada 10¢ coin is very slightly larger than the U.S. dime.
Nickel is one of the transition metals, an element used to form bonds with other elements. While I let you explore the chemistry on your own, let us say that it mixes well with other elements to create valuable compounds. In numismatics, nickel provides the silver color on many base metal coins.
But that does not explain why the coin stuck to my wireless earphone case.
I found that nickel is a ferromagnetic metal, meaning that it can become magnets or be attracted to magnets. Nickel is not naturally attracted to magnets or easily magnetized. But nickel is one of only four elements that can be magnetized easily at room temperature. The other three are cobalt, iron, and gadolinium.
For help, I turned to a high school chemistry teacher to refresh my memory. During the refresher lesson, I flashed back to the high school chemistry demonstration on magnetism, creating a magnet from a ferromagnetic item.
While the coin was in my pocket, the coin rubbed next to the magnet. The rubbing caused the nickel atoms to become orderly that turned the coin into a magnet. The Canadian ten-cent coin that stuck to the earbud case could pick up a straight pin to test the theory.
But why won’t any of my United States coins turn into a magnet in my pocket?
Since U.S. coins are made up of an alloy of 75-percent copper and 25-nickel, the copper and the nickel’s strong bond with the copper stops the ferromagnetic process. It would take a very strong magnet to order the nickel atoms in a U.S. coin to turn it into a weak magnet.
Not only can coins teach history, but they can also teach chemistry.
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The Canadian Broadcast Company reported that a bank in Montreal refused the deposit of $800 in rolled coins.
Julien Perrotte saves the coins he receives in change. Every year he will sort and roll the coins so that he can deposit them into his account at Laurentian Bank. This year, the bank told Perrotte that it was a new policy not to accept coins.
Canadian laws do not require banks to accept all legal tender coins or currencies. They can refuse to take any form of specie and only operate using electronic funds.
Laurentian Bank has taken advantage of these laws and no longer employ human tellers to accept cash. Customers can deposit currency and checks in their automated banking machines. The machines do not accept coins.
Before people begin to criticize Laurentian, this is starting to occur in the United States. Banks and other financial institutions are beginning to offer checking and other consumer banking services accessible online. They do not have branch offices.
The largest and most successful of the online banks is Ally. Anyone can open an Ally account and have access to the full line of banking services except you cannot deposit cash.
Then there are banks with physical presences that are transitioning to a model like Laurentian. Capital One Bank entered the consumer banking business when it started buying smaller banks in 2005. Today, Capital One is closing branches and consolidating teller operations in Capital One Cafes. Customers that do not live near Capital One Cafes can deposit currency and checks via an ATM but cannot deposit coins.
Does this mean we are heading toward a cashless society?
No! It means that the United States has an economy diverse enough to support new ideas in banking services while maintaining traditional banking operation. It is because the United States has a diverse economy that includes a cash-based transaction (see here and here) that will prevent our society from going cashless.
Rather than try to deal with Laurentian Bank’s new policy, Perrotte said he will be taking his business elsewhere.
The most interesting news of the week was not printed by a media outlet but by the Government Printing Office. On May 23, 2019, the GPO published an entry in the Federal Register saying that the U.S. Mint has priced the Pride of Two Nations Limited Edition Two-Coin Set at $139.95.
Which two nations? Of course, if this is coming from the U.S. Mint, one of the countries is the United States. However, several reports claim that the second nation is Canada.
According to a source, the set will include a proof one-ounce American Silver Eagle coin and a proof one-ounce silver Canada Maple Leaf with a unique privy mark. There was no further information as to what the privy mark will be.
Production will be limited to 250,000 sets, according to the source.
The coins will be packaged and marketed by the U.S. Mint. The Royal Canadian Mint will also take orders for the set that will be fulfilled by the logistics contractor working for the U.S. Mint.
The source did not have information about the packaging.
The set will go on sale at the beginning of the World’s Fair of Money via Internet and telephone ordering only. Falling under the category that we can no longer have nice things, the U.S. Mint’s reticence to open sales at shows is a result of the fiasco that occurred when they released the 2014 50th Anniversary Kennedy Half-Dollar Gold Proof coin at that year’s World’s Fair of Money.
Of course, no dealer was penalized by the American Numismatic Association for disrupting the World’s Fair of Money or setting the conditions that disrupted the distription outside of the Denver Mint.
And now the news…
May 28, 2019
ST. GEORGE — Glen Canyon National Recreation Area’s investigation of centuries-old Spanish coins that were turned into the park has provisionally concluded the coins are authentic. However, according to a news release from the National Park Service, the two small coins were probably part of a modern coin collection, perhaps accidentally or intentionally dropped by a visitor to Lake Powell. → Read more at stgeorgeutah.com
May 29, 2019
Editor's note: This story has been updated to include the newest mock-up of the Harriet Tubman currency from the advocacy group Women on 20s. WASHINGTON – The Trump administration says it needs until 2028 to release a new $20 bill featuring abolitionist hero Harriet Tubman. → Read more at usatoday.com
June 1, 2019
The coins and a silver ingot, believed to be worth £500,000, were seized in Durham and Lancashire. → Read more at bbc.com
June 1, 2019
Is the current 1p piece the least valuable British coin since the currency was unified in 1707? → Read more at bbc.com
With the outcry over the tariffs on Canadian goods being called a “National Security” issue, here is something from January, 2007 to consider.
United State Defense officials are reporting that American contractors were carrying coins planted on them in Canada that contained radio frequency identification (RFID) transmitters. RFID transmitters are small chips that contain a small power source to allow these items to broadcast small bits of information. RFID is used for inventory tracking, security tagging, keyless door locks on cars, and electronic toll systems. Transmission ranges can vary by the type of chip used and the environment.
This photo released by the Central Intelligence Agency shows a hollow container, fashioned to look like an Eisenhower silver dollar, which is still used to hide and send messages, or film, without being detected. It is similar to the Canadian coin that was found on some U.S. contractors. Because it resembles ordinary pocket change, it is virtually undetectable as a concealment device.
(Image courtesy of the CIA via the AP)
Reports confirm that an unidentified Canadian coin was hollowed out and its metal replaced with the RFID transmitter. The coins were “planted” on three security cleared contractors between October 2005 and February 2006 as they traveled through Canada.
RFID transmitters can be used to track the movements of those carrying the coins. “You might want to know where the individual is going, what meetings the individual might be having and, above all, with whom,” said David Harris, a former Canadian Security Intelligence Service (CSIS) officer. “The more covert or clandestine the activity in which somebody might be involved, the more significant this kind of information could be.”
Containers made to look like US dollar coins are a familiar tactic to US intelligence agencies. The CIA displays such a case on their museum website. The International Spy Museum in Washington, DC has similar displays. As for Canadian coins, the most likely coin used is the $1 coin, nicknamed the Loonie because its traditional reverse design features a Common Loon, a dominant bird in Canada. The Loon is 26.5 millimeters in diameter and 1.95 millimeters thick. The $2 coin, nicknamed the Twoonie, is a bi-metallic coin and would be more difficult to modify.
Reverse of a 2007 Canada Dollar nicknamed “The Loonie” because of the image of a common loon on its reverse.
(Image courtesy of the Carlyle Observer).
Although the type of RFID chip has not been identified, experts are saying that the transmitter in a coin would have a limited transmission range. It is said that the metal casing could constrain its range. Some of the technologies do have limited transmission ranges, but there are versions of the technology that could be tracked for a few kilometers.
“I’m not aware of any (transmitter) that would fit inside a coin and broadcast for kilometers,’ said Katherine Albrecht, an activist who believes such technology carries serious privacy risks. “Whoever did this obviously has access to some pretty advanced technology.”
The risk of the carrier spending the coin is great. but the ability to track a potential target would be a risk that spies might take. As our Canadian friends search their change, they may want to see if the coins have been hollowed and contain an RFID chip. That would be an interesting find!
The original article can be read here
On July 1, 1867, the British colonies of Canada, Nova Scotia, and New Brunswick were joined together as a single kingdom within the British Empire then known as the Dominion of Canada. It was the first step to gaining full independence from Great Britain. Canada would gain its full independence in 1931.
Often referred to as Canada’s Birthday, July 1 was celebrated as Dominion Day until 1982 when it was renamed as Canada Day. Celebrations around Canada fully recognize this day as being the one where Canada is celebrated. Canadians, both in the country and around the world will raise a Molson’s in honor of O Canada!
To our friends from north of our border, and yes, contrary to what others might say you are our friends…
HAPPY CANADA DAY!
2018 Canadian Flag with coloured micro-sized letters that put O Canada into art!
Coin image courtesy of the Royal Canadian Mint.
Hockey is to Canada as baseball and basketball is to the United States.
Although all sports are represented throughout North America, ice hockey is purely a Canadian invention. Although there are records of hockey being played as far back as ancient Egypt, the first appearance of hockey played on the ice dates to the early 19th century in Nova Scotia.
125th Anniversary of the Stanley Cup® — 3 oz. Pure Silver Coin (2017)
The early game was derived from the North American Natives game of shinney but played on the ice. From Nova Scotia, the game spread to the people living along the Saint Lawrence River in Montreal and Quebec. It quickly spread west to Ontario.
Montreal is to hockey as Springfield, Massachusetts is to basketball. The first organized games were played in Montreal where the first organized rules were formed. The first ice hockey club was the McGill University Hockey Club founded in 1877. This was followed by the Quebec Hockey Club in 1878 and the Montreal Victorias in 1881.
Lord Stanley of Preston, the Governor General of Canada, attended his first game in 1888 with his children who were hockey fans. Lord Stanley became a fan and noticed that there was no championship trophy awarded to the best team in Canada. He purchased a silver bowl to use as a trophy and created The Dominion Hockey Challenge Cup. It was first awarded in 1893 to the Montreal Hockey Club.
2017 25-cent 125th Anniversary of The Stanley Cup® Special Wrap Coin Roll
While ice hockey was dominating in Canada, universities in the United States had their own version of ice polo played with a ball rather than a puck. The first game between collegiate hockey clubs was played in 1893 in Baltimore when Yale beat Johns Hopkins 2-1.
Lord Stanley’s sons were so enthusiastic about hockey that they traveled the world to introduce the sport to others. By 1903 they organized a five-team European league.
The Western Pennsylvania Hockey League was formed in Pittsburgh in 1898 which primarily operated in areas within a four-hour train ride from Pittsburgh. Most of the professional players were from Canada. In 1904, a rival International Professional Hockey League was formed to include Canadian cities.
With all of the competing leagues, the National Hockey Association was formed in 1908 to organize professional hockey in the provinces of Quebec and Ontario. With western Canada feeling left out, the Pacific Coast Hockey Association (PCHA) was formed to stretch professional hockey across Canada. The two leagues negotiated a championship between them that the winner of the series would will what was then being called the Stanley Cup first awarded by Lord Stanley.
World War I and a dispute between the owners and Toronto Blueshirts owner Eddie Livingstone saw the fall of the NHA in 1917. As part of their attempt to reorganize, owners formed the National Hockey League. The NHL was supposed to be a temporary measure until disputes were worked out but its success continues.
1.5 oz. Pure Silver Coin – 100th Anniversary of the NHL® (2017)
The original NHL included the Montreal Canadiens, Montreal Wanderers, Ottawa Senators, and the newly created Toronto Arenas. The Wanderers disbanded in 1918 after the Montreal Arena burned down. In 1919, the NHA’s Quebec Bulldogs joined the league bringing the number of teams back to four.
The Toronto Arenas won the first NHL championship in 1918 and then defeated the Vancouver Millionaires of the PCHA for the Stanley Cup.
The NHL expanded but found itself hurt by the Great Depression and the onset of World War II. By the 1942-43 season, the league was reduced to what has been referred to as The Original Six, the six teams that were the NHL from 1942 until the first expansion in 1967. The original six are the Boston Bruins, Chicago Black Hawks, Detroit Red Wings, Montreal Canadiens, New York Rangers and Toronto Maple Leafs.
Today there are 31 teams with 24 operating in the United States and seven in Canada. The oldest team is the Montreal Canadiens whose history dates back to the NHA. The Toronto Maple Leafs can trace their history to the Toronto Blue Shirts of the NHA but does not acknowledge a direct lineage.
1/2 oz. Pure Silver Coloured Coin – Passion to Play: Montreal Canadiens® (2017)
Since its first presentation by Lord Stanley of Preston in 1893, the Stanley Cup has been awarded 101 times. It is the oldest team championship trophy in existence. The Montreal Canadiens have won the Stanley Cup 24 times, the most by any team. The Detroit Red Wings hold the United States record for 11 Stanley Cup victories.
Currently, the Washington Capitals are winning in the Stanley Cup Finals 3-1 against the Vegas Golden Knights. The Capitals played their first season in 1974-75 and appeared in the Stanley Cup finals once, in the 1997-1998 season. This is the Vegas Golden Knights first season as an NHL Team.
Since the Eastern Conference Finals, fans have been gathering around Capital One Arena to watch the games whether the Caps are at home or on the road. All of the games have been projected on the side of the National Portrait Gallery on G Street NW. For road games, fans have been allowed into the Capital One Arena to watch the game on the big screen.
Pure Silver Coin – The Toronto Maple Leafs®: Anniversary Logo (2017)
To say that the area has gone Caps crazy would be an understatement. The neighborhood around Capital One Arena, known as Chinatown, will be flooded with fans on Thursday to watch the game outside projected on the side of the National Portrait Gallery and from the bars around the area.
In the area is the headquarters of the U.S. Mint on 9th Street NW. Although its sales counter may be open during the day, the crowds are expected to gather in the area beginning around noon. Plan accordingly.
If you are going to be in Washington and want to experience the fans Rock the Red (the Caps wear red sweaters at home leading to the moniker), you are welcome to join the crowd. If you want to avoid the crowd, find something else to do on Thursday that might be away from the area. This might be a good day to visit the Steven F. Udvar-Hazy Center of the Smithsonian’s Air and Space Museum. It is located in Chantilly, Virginia near Dulles Airport about 25 miles east of the Capital One Arena and far away from the crowd.
As for me, I will be watching from home. Since my team has not won the Stanley Cup since 1983, I am cheering for the Caps.
NOTE: Click on any image to go to the Royal Canadian Mint’s website if you are interested in purchasing the coins shown in this post. All of the images are courtesy of the Royal Canadian Mint.
As taxpayers, we like to see some efficiency in our government even though the government is not designed for efficiency. We expect government organizations that have an income to maximize their profits when they can. This is one of the reasons why people have complained to near apoplectic proportions about how the U.S. Mint loses money on every one-cent coin it produces.
Last week, the Royal Canadian Mint issued its financial reports for 2017. The headline of the report said that the Royal Canadian Mint paid $93.2 million ($72.553 million USD) in dividends to the government of Canada in 2017. To compare this with the U.S. Mint, whose fiscal years end on September 30th, paid a total of $265 million back to the government.
Numismatic sales are an important part of the Royal Canadian Mint’s sales. This is evident by visiting their website to see the number of programs they have for sale. With all of the options, the Royal Canadian Mint revenue for those numismatic items was $25.7 million ($20 million USD). Even with the complaints about how horrible the U.S. Mint is and its programs are not priced according to someone’s perception of the market, they sold $1.755 billion in numismatics. This number includes about $2.4 million in numismatic sales of circulating coins, such as bags and rolls.
Finally, even though bullion sales have decreased as the economy strengthened and both mints saw a reduction in sales. The Royal Canadian Mint had a net revenue of $1.35 billion ($1.05 billion USD), representing a 40.7-percent decrease in sales from 2016. The U.S. Mint had revenues of $1.378 million representing a decrease of 33.8-percent from 2016.
There may be some who like to complain about the U.S. Mint, this government bureau continues to be the world’s largest manufacturer of circulating and collectible coinage. Although bullion sales have decreased and the Royal Canadian Mint has performed well in the bullion markets in recent years, when it comes to whom the market turns to, the U.S. Mint continues to outperform other world mints.
And now the news…
April 29, 2018
A new 50 cent coin featuring a red poppy will be issued by the Reserve Bank in October to commemorate Armistice Day. Reserve Bank governor Adrian Orr said the coin would have significance for those whose relatives served in the First World War. → Read more at stuff.co.nz
April 29, 2018
The CBM has been selling gold coins in weights of one tical, half-tical and quarter-tical since 1991. One tical is equivalent to around 16 grams. Currently, one-tical coins bear a single star, while the half and quarter-tical coins have a ploughing farmer and logging elephant engraved, respectively. → Read more at mmtimes.com
April 30, 2018
Cebu City — The Bangko Sentral ng Pilipinas (BSP) will launch the New Generation Currency (NGC) series during its anniversary in July. Leonides Sumbi, regional director of BSP in Central Visayas, said the release of the new coins is not meant to create confusion as BSP will soon demonetize the old coins. → Read more at news.mb.com.ph
May 1, 2018
Ian Vogler/Mirrorpix/Newscom With less than three weeks before the royal wedding, Britain’s Royal Mint today released a special commemorative coin to mark the occasion. A new British five-pound coin (about $6.88) celebrates Prince Harry and Meghan Markle’s upcoming wedding May 19. → Read more at abcnews.go.com
May 2, 2018
LISBON, May 2 (Xinhua) — The Bank of Portugal bought 272 million 1 and 2 cent coins from the Bank of Ireland in 2017, the Publico newspaper reported on Wednesday. Specifically, the Bank of Portugal purchased 148.8 million 2 cent coins and 123.2 million 1 cent coins. → Read more at xinhuanet.com
May 3, 2018
Getty Images Overall global gold demand fell to its lowest first-quarter level since 2008, driven by a slump in demand for gold bars and exchange-traded funds backed by the precious metal, according to a report from the World Gold Council released Thursday. → Read more at marketwatch.com
May 3, 2018
OTTAWA, May 3, 2018 /CNW/ – The Royal Canadian Mint (the "Mint" or the "Company") is pleased to release its 2017 financial results, which provide insight into our activities, the markets influencing our businesses and our expectations for the year ahead. → Read more at markets.businessinsider.com
May 3, 2018
While credit cards were once reserved for large purchases across Australia, more people than ever are using plastic for items as cheap as a morning coffee. → Read more at dailymail.co.uk
May 5, 2018
A late revolt bronze coin discovered where rebels sought refuge in a cave near Modiin indicates geographically widespread Jewish backing of the ultimately bloody Jerusalem uprising → Read more at timesofisrael.com
The royal mints in the Commonwealth Realm are have returned to court with the Royal Canadian Mint accusing the Royal Australian Mint of stealing the technology it uses to print coins.
In January, it was reported that the Royal Canadian Mint file a patent infringement lawsuit against the Royal Australian Mint when the Aussies issued 2012 Remembrance Day coins that the Canucks claim uses the same or similar technologies.
It is being reported that in March, the Royal Canadian Mint filed additional documents in the Federal Court of Australia claiming that the printing method on the coin that commemorates the Australian children’s book Possum Magic also infringes on their patents.
The original claim included the 500,000 coin run from 2012. With this updated filing to include other Remembrance Day coins, Olympic-themed coins, and other commemorative, the total is now 15 million Australian $2 coins. The Royal Canadian Mint wants all of the coins in the Royal Australian Mint’s possession to be turned over or “destroy(ed) under supervision.”
As part of their defense, the Royal Australian Mint is asking the courts to invalidate the patents claiming there is not enough novelty over previous methods. Those who watch technology patent fights here in the United States have heard this argument before.
A hearing is scheduled for June. More claims and counter-claims can be added to this lawsuit between now and then. Stay tune!
And now the news…
April 16, 2018
What can you give your country for its 70th anniversary? For thousands of school pupils and volunteers, the answer is the sweat of their brows as they worked to prepare a new public 70-kilometer (43-mile) walking path called the Sanhedrin Trail. → Read more at timesofisrael.com
April 16, 2018
An amateur archaeologist and a 13-year-old student have uncovered a stash of thousand-year-old coins, rings and pearls on an island in the Baltic Sea in northern Germany, including items that might be tied to Harald Bluetooth, the famous king who united Denmark. → Read more at npr.org
April 16, 2018
OTTAWA — A legal battle between the Royal Canadian Mint and its counterpart in Australia is heating up as Canada cries foul over “Possum Magic” coins. The Canadian Crown corporation is alleging the Royal Australian Mint stole its method for printing colour onto metal, and has expanded a December lawsuit over red poppies on a run of 2012 Remembrance Day coins. → Read more at nationalpost.com
April 18, 2018
Maloney, author of the Purple Heart Hall of Honor Commemorative Coin Act, commended Purple Heart Hall of Honor, Inc. after it announced its “Campaign for 290,” which aims to attract at least 290 cosponsors to Rep. Maloney’s legislation by Memorial Day. → Read more at hudsonvalleynewsnetwork.com
April 19, 2018
The "Half Eagle" is 164 years old and one of only four known → Read more at heraldtribune.com
April 19, 2018
The Royal Canadian Mint claims an Australian Possum Magic-themed coin infringes on their patent. → Read more at bbc.com
April 19, 2018
The Ernst Badian Collection gives insight to Roman history, as well as the evolution of currency. → Read more at njtvonline.org
April 19, 2018
Silver is, like gold, a commodity store of value and is free of counterparty risk, with energy-intensive replacement costs setting the lower boundary for prices (the same energy proof of value that underlies gold prices). → Read more at goldmoney.com
April 19, 2018
The Royal Canadian Mint, which is the official maker of the country’s money, has said the commemorative Australian series, which celebrates the classic Mem Fox children’s book Possum Magic, ripped off its unique process of painting colour onto metal. → Read more at news.com.au
April 20, 2018
A former Bank of Japan employee was arrested Friday for allegedly stealing gold coins worth a total of ¥200,000 ($1,850) from the central bank’s Tokyo head office, police said. Koichi Yakushiji, 54, is suspected of stealing the two gold coins on April 2, the police said. → Read more at japantimes.co.jp
The Royal Canadian Mint has officially Jumped the Shark!
According to the Urban Dictionary, jump the shark is “a term to describe a moment when something that was once great has reached a point where it will now decline in quality and popularity.” The origin came from the premiere of the fifth season (1977) of the sitcom Happy Days in which The Fonz, the stereotypical 1950s greaser, jumps over a shark on water-skis. It was out of character for The Fonz and seen as a ploy to boost sagging ratings.
2018 Canada $20 coin commemorates the 1967 Falcon Lake alleged UFO incident. (Source: Royal Canadian Mint)
Popular usage has been those times when a show, company, or anyone does something so outlandish to attract attention that was once lost.
One might say that the Royal Canadian Mint might have jumped the shark in the past, but they have really outdone themselves this time. They issued a one-ounce silver, $20 face-value non-circulating legal tender (NCLT) coin to commemorate an alleged UFO sighting.
When it goes on sale, the will cost $129.95 ($101.69 USD).
Aside from being 6.22-times the spot price of silver, the design is printed on the egg-shaped planchet. There appears to be nothing about the coin that is struck.
I have heard some say that things the U.S. Mint is doing is bad for the hobby. Some have targeted the American Liberty 22th Anniversary Gold Coin as being over the top. Although I have a problem with the coins having a high premium over spot prices, the coin pales in comparison to the UFO and other lenticular coins being offered by the Royal Canadian Mint.
And now the news…
April 2, 2018
Sales in March of U.S. Mint American Eagle gold fell to their lowest for the month, and silver coins dropped to their lowest in 11 years, government data showed. → Read more at cnbc.com
April 2, 2018
Scientists are left wondering how the coins remained hidden for so long. → Read more at newsweek.com
April 2, 2018
A Long Island businessman who built a textile empire by peddling irregular sweaters at local flea markets thought he had a fool-proof way to boost his assets — invest in a pal’s coin business. Bad … → Read more at nypost.com
April 3, 2018
The oval-shaped coin immortalizes Stefan Michalak’s experience in Whiteshell Provincial Park, more than 50 years ago in what became known as the Falcon Lake incident. → Read more at thestar.com
April 3, 2018
The Royal Canadian Mint has released a new $20 coin to commemorate one of Canada's closest encounters with a UFO. → Read more at ctvnews.ca
April 5, 2018
Now that the nation has a $1.3 trillion budget, lawmakers can resume debate about whether to pinch pennies. The threat to do away with pennies and nickels → Read more at newsherald.com
April 5, 2018
A trove of bronze coins, the last remnants of an ancient Jewish revolt against the Roman Empire, have been discovered near the Temple Mount in Jerusalem. → Read more at foxnews.com
April 5, 2018
Medieval coins dating back 800 years have been unearthed in north Shropshire. → Read more at shropshirestar.com
It was announced that the Royal Canadian Mint was issuing a silver Canadian dollar commemorating the 180th Anniversary of Baseball in Canada. Being a baseball fan, I went to the Royal Canadian Mint’s website to see if the coin was worth adding to my collection. The came sticker shock!
The coin is convex, similar to the 2014 Baseball Hall of Fame commemorative coins issued by the U.S. Mint. But that is where the similarities end. The reverse of the Canadian coin features a vintage baseball scene reminiscent of the 19th century inside a baseball-looking design. The obverse has the portrait of Queen Elizabeth II. It has a face value of $25 CDN.
Reverse of the 180th Anniversary of Canadian Baseball coin (Image courtesy of the Royal Canadian Mint)
Reverse design of the 2014 Baseball Hall of Fame commemorative (Image courtesy of the U.S. Mint)
Then there are the specifications. When I visited the Royal Canadian Mint’s website, I was floored when I noticed the issue price of 159.95 CAD or about $124.82 at the current exchange rate. Here is a comparison of the coins:
||Royal Canadian Mint
180th Anniversary of Canadian Baseball
2014 Hall of Fame Commemorative Silver Dollar
||99.99% pure silver
(0.9886 troy ounce)
(0.9558 troy ounce)
(16.57 USD spot)
(1 CAD = 0.78 USD)
|Proof: $56.95 (preorder: $51.95)
Unc: $52.95 (preorder: $47.95)
If you want a baseball commemorative coin and do not want to break the bank, you can still find the 2014 Baseball Hall of Fame Commemorative Silver Dollar within 20-percent of the issue price in original government packaging (OGP). Even though the artwork is very good, the price of the Canadian coin is too high. At a premium of over 970-percent over spot, it is difficult to justify.
And now the news…
March 5, 2018
The Central Bank of Lithuania is calling on tech companies and blockchain experts from across the globe to help in the design and production of a digital collector coin. The Central Bank is organising a hackathon in May for third parties to help in the design and development of the one-off virtual currency. → Read more at finextra.com
March 6, 2018
A new commemorative coin was unveiled Oct. 9 to mark the 100th anniversary of the end of World War I and honor those Americans who served. The silver dollar coin, authorized by Congress in 2014, features a service member holding a rifle to honor those who fought in the war from 1914 to 1918. → Read more at wadenapj.com
March 6, 2018
Major League Baseball came to Canada in the 20th century with the debut of the Montreal Expos in 1969 and the Toronto Blue Jays in 1977, but that was far from the beginning of the country's history with the game. → Read more at mlb.com
March 6, 2018
SPRINGFIELD, Ill. (WAND) – A design is needed for the Bicentennial Coin to commemorate the Illinois Bicentennial. Illinois State Treasurer Michael Frerichs announced the Bicentennial Coin Contest on Tuesday. → Read more at wandtv.com
March 7, 2018
Reverse of new penny design, showing Abraham Lincoln and the Illinois State Capitol in Springfield. (U.S. Mint photo) → Read more at chicagotribune.com
March 7, 2018
The Royal Mint is encouraging coin lovers to celebrate the UK “one coin at a time”. The new series of 10p coins were released into circulation on March 1 and features an A to Z of British landmarks, icons and traditions. → Read more at dailystar.co.uk
March 8, 2018
A museum has started a bid to buy part of a gold sovereign hoard discovered hidden inside a piano. The find was made in 2016 in Shropshire when the piano's new owners had it retuned and repaired. It has since been declared as treasure. → Read more at bbc.com