Weekly World Numismatic News for October 13, 2019

Australian $1 X Coin

X is for Xantippe
(Image courtesy of the Royal Australian Mint)

George Santayana was a Spanish-American philosopher, writer, and poet who influenced many of the decision-makers in the early 20th Century. In 1905, Santayana wrote The Life of Reason: Reason in Common Sense, where he wrote: “Those who cannot remember the past are condemned to repeat it.”

In the chapter, Santayana was emphasizing the need to use every experience as a lesson to improve the future. The rest of the chapter discussed how to apply lessons from things that went well.

What does George Santayana have to do with numismatics? Numismaitcs has not learned from the past and making the same mistakes expecting a better outcome. In other words, the numismatic industry is fulfilling the axiom credited to Albert Einstien: “the definition of insanity is doing the same thing over and over and expecting a different result.”

What are we doing wrong? Let’s look at it in the context of this week’s news. Following the lead of the Royal Mint, the Royal Australian Mint is producing 26 limited-edition circulating one-dollar coins with the letters A to Z along with a depiction of something Australian that represents that letter. They call it the Great Aussie Coin Hunt.

Some letters are easy, like G for G’Day or V for Vegemite. Others do not have obvious names. When it came to X, the Royal Australian Mint picked Xantippe.

What is Xantippe?

Aussies were perplexed when trying to figure out who, what, or where Xantippe could be. That is when the Royal Australian Mint revealed that Xantippe is a small farming town in Western Australia.

For the Royal Australian Mint, it was the perfect way to get the message out about the new dollar coins. It caused a minor yet fun controversy that had the county talking about the series creating excitement about finding the coins.

In the UK, the Royal Mint had a similar program called The Great British Coin Hunt. In 2018, the Royal Mint issued 10 pence coins struck with British themes. Along with the other limited edition 50 pence themed coins, the Royal Mint keeps Brittons interested in coins by generating excitement about each release.

In the United States, we also saw excitement about looking for coins. We saw an increased awareness of coin collecting during the 50 States Quarters Program. Earlier this year, there was some interest shown over the release of the W mint quarters. The interest was not as strong as the 50 State Quarters, but people heard about the coin.

But that was for National Coin Week. What has happened since then?

Learn from the positive: by advertising, getting the word out, and promoting the coins, the US Mint is capable of getting people interested. By having the numismatic industry join them, people were paying attention.

Since the end of Nation Coin Week, the numismatic industry has been silent to those outside of the hobby. Most of the promotion has been like preaching to the choir. We get it. We got it. But you cannot keep an industry going that outsiders are claiming is dying.

Numismatics is not dying or near death. Like every hobby, it has problems to overcome. The first step to better health is to expand the base. The only way that could happen is if the numismatic industry does something radical: reach out consistently to everyone.

It is time to learn what worked in the past and stop doing the same things over again.

We can learn lessons from other industries. What about the collector car industry? Nearly 20 years ago, the collector car industry existed but was not that strong. The thought was that getting into cars was expensive, time-consuming, and confusing. Then Discovery Networks fell over the answer.

For Discovery, it started as HDNet, a television channel where they experimented with high definition content. They would create something in high definition and air it on HDNet to test the public’s reaction. Interestingly, the shows about cars were their most highly rated content. Then they contracted with Mecum Auctions to broadcast their events, and the ratings for a niche cable channel were higher than expected.

HDNet was renamed to Velocity. Now it is owned by Motor Trend, who rebranded the channel in its name.

Although the car hobby business was doing well, the trade publications point to the rise of HDNet and Velocity as a reason that the hobby is doing better than ever.

What can we learn from putting cars on television? First, there is an interested market out there that may not know where to turn for information. The shows provide both knowledge and entertainment. While there are shows that have a doctrine-like attitude, most are inclusive of all styles and interests.

Just like in numismatics, there is no single way to collect and enjoy cars. And like cars, there is a lot that can be used to teach everyone about history.

There was a multi-part series about the growth of the auto industry that followed many of the early titans, including Henry Ford, William Durant, and Walter Chrysler. One of the segments was their reactions to World War II, while the story was about how the automotive industry also showed how the country participated in the war effort.

What stories can be told about the 1943 steel cent? What about the “Shotgun Shell” cents struck in 1944 by recycling spent shells picked up from the training field?

How about some fun shows? Numismatic Jeopardy, where the questions are based on answers derived from something numismatic-related. For example, “It’s called the Old Line State.” The answer is on the reverse of the 2000 Maryland State Quarter!

Revive the old PBS show History Detectives and do it with numismatics. After all, they did investigate a coin said to be associated with Annie Oakley and a $6 Continental Currency note found in Omaha.

These are a few ideas. I am sure that others can come up with better ones.

Then again, that may mean that the industry will have to break out of its niche comfort zone and embrace something different.

And now the news…

 October 4, 2019

Metal detectorists have made many amazing discoveries down the years in Britain, with a great hoard of 2,600 coins just revealed last month. But there are strict rules regarding archaeological finds made by detectorists.  → Read more at ancient-origins.net


 October 6, 2019

The Royal Australian Mint is producing 26 limited-edition legal tender coins that will be given out as change at post offices over the coming weeks. The A to Z of Australiana could see you pocketing a Neighbours , Weet-Bix or didgeridoo $1 coin in your small change.  → Read more at news.com.au


 October 8, 2019

The UK’s Treasury plans to commemorate Brexit by minting millions of 50 pence ($0.61) coins. But like many of the Conservative government’s recent moves, there is a major flaw: the imprint date will be the Oct.  → Read more at qz.com

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WWWWoW!

I finally did it!

My long nightmare is over!

I now have a “W” mintmark quarter!

And I acquired it the old fashioned way: I bought it!

Since the days that the Federal Reserve started to ship the quarters from the cash rooms, I have been looking for these elusive quarters. Every time I spend cash, I will examine every quarter returned in change. Every time I open a roll in my shop’s cash register, I avoid giving away any coin that looks shiny so that I can check the mintmark later.

I convinced my wife to save the change. She is also looking for W mintmark quarters.

But I could not help myself when I found that a club member added one to our monthly auction. From the opening bid until I won the coin, my hand stayed in the air. I was going to get that coin regardless of what it cost.

Ok, I had a limit to what I would spend, and it was $1 more than my final bid. But the competition stopped bidding, and the coin is now mine!

Just because I purchased a Lowell National Historic Park W mintmark coin does not mean I am stopping. There are four other coins issued in 2019 with W mintmarks.

The hunt continues!

Weekly World Numismatic News for October 6, 2019

The Coin Broker

Rebecca Clay Pippin’s husband Jason Pippin hangs the Coin Broker’s sign on their new storefront at 1604 Laurel St. in San Carlos. (Image courtesy of the San Mateo Daily Journal)

Two stories this week say different things on the state of the hobby. On Wednesday, a report that said The Coin Broker moved from their former Palo Alto home of 40 years to a new location in San Carlos. Rebecca Clay Pippin will now run the shop founded by her father, Jim Beer.

Meanwhile, in Worcester, Massachusetts, the owner of Lincoln Stamp and Coin Company announce the shop will be closing at the end of October. Owner David J. Ephraim cited that he could not continue to pay rent in Worcester, “operating on a slim profit margin, and collectors are an aging group, with few younger customers walking through the door.”

Both situations demonstrate the same problems with different solutions. Commercial rents are too high. Commercial insurance is too high. Security costs are too high. And many of these businesses are trying to survive on thin margins.

The Coin Broker solved its problem by moving to a new location. Although moving is time consuming, costly, and filled with emotion, the story makes it seem like they are ready to turn the page and continue.

For Lincoln Stamp and Coin, Ephriam is not as bullish on the market. His business does not see enough younger collectors, his regulars are either retired or dying, and those collecting are buying on the Internet.

Two stories with the same underlying problems. Two different solutions. But the hobby continues with one less place that collectors can go to buy coins.

And now the news…

 September 28, 2019

The Bank of Jamaica (BOJ) estimates that at least J$100 million in one- 10- and 25-cent coins, the ‘red’ money, is ‘lost in circulation’ in the Jamaican economy, and has partnered with GraceKennedy (GK) Money Service in a recovery drive.  → Read more at jamaica-gleaner.com


 September 30, 2019

A national treasure hunt has been launched, and Australia is very much at the centre. The coins are marked to celebrate all things iconic to Australia: the meat pie, a boomerang, Vegemite, and a Hills Hoist, just to name a few.  → Read more at katherinetimes.com.au


 October 2, 2019

Most people use banks as a place to either borrow money or store it. But some lucky coin enthusiasts have found a unique way to get money out of the bank: bringing home rolls of coins and searching through them for ones worth more than their face value.  → Read more at cnbc.com


 October 2, 2019

When Jim Beer opened the Coin Broker in Palo Alto’s Town & Country Village shopping center some 40 years ago, he was retiring as a civil engineer and looking to  → Read more at smdailyjournal.com


 October 3, 2019

PM Narendra Modi released the commemorative coins of Rs 150 denomination to celebrate Mahatma Gandhiji’s 150 th birthday. The event took place in Ahmedabad, Gujarat on October 2, 2019 when the Prime Minister reached the Sabarmati Riverfront to participate in the proceedings of the Swacch Bharat Divas program.  → Read more at businessinsider.in


 October 4, 2019

A steamship that sank in 1840 after colliding with another ship off the coast of South Carolina contains a trove of rare gold coins, according to the dive team salvaging the wreck.  → Read more at foxnews.com


 October 5, 2019

WORCESTER — The bidding board is still covered with coins and envelopes are full of stamps, but the buzz is gone from Lincoln Stamp and Coin Co. The venerable business that was once the place to go for people looking for a special stamp or unique coin, is selling off its inventory and closing its doors, probably for good.  → Read more at telegram.com


 October 6, 2019

Metal detectorists have made many amazing discoveries down the years in Britain, with a great hoard of 2,600 coins just revealed last month. But there are strict rules regarding archaeological finds made by detectorists.  → Read more at ancient-origins.net

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September 2019 Numismatic Legislation Review

Seal of the United States CongressThe numismatic industry is all a buzz about a pending new commemorative coin. When signed by the president, the Christa McAuliffe Commemorative Coin Act (S. 239) will create the first commemorative coin for 2021.

The bill calls for a maximum of 350,000 silver dollar commemorative coins in memory of Christa McAuliffe, the teacher killed as part of the Space Shuttle Challenger disaster.

Congress sent the bill to the White House on September 27, 2019. It is waiting for a signature which should happen soon.

S. 239: Christa McAuliffe Commemorative Coin Act of 2019
Sponsor: Sen. Jeanne Shaheen (D-NH)
Introduced: January 28, 2019
Summary: (Sec. 3) This bill directs the Department of the Treasury to mint and issue not more than 350,000 $1 silver coins in commemoration of Christa McAuliffe, a teacher tragically killed in the Space Shuttle Challenger Disaster.(Sec. 4) The design of the coins shall bear an image and the name of Christa McAuliffe on the obverse side and a design on the reverse side that depicts the legacy of McAuliffe as a teacher.(Sec. 5) Treasury may issue the coins from January 1-December 31, 2021.(Sec. 7) All surcharges received by Treasury from the sale of the coins shall be paid to the FIRST robotics program for the purpose of engaging and inspiring young people, through mentor-based programs, to become leaders in the fields of science, technology, engineering, and mathematics.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 28, 2019
Passed Senate with amendments by Voice Vote. — Jul 9, 2019
Measure laid before Senate by unanimous consent. — Jul 9, 2019
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. — Jul 9, 2019
Message on Senate action sent to the House. — Jul 10, 2019
Received in the House. — Jul 10, 2019
Held at the desk. — Jul 10, 2019
Ms. Waters moved to suspend the rules and pass the bill. — Sep 19, 2019
Considered under suspension of the rules. — Sep 19, 2019
DEBATE – The House proceeded with forty minutes of debate on S. 239. — Sep 19, 2019
On motion to suspend the rules and pass the bill Agreed to by voice vote. — Sep 19, 2019
Motion to reconsider laid on the table Agreed to without objection. — Sep 19, 2019
Presented to President. — Sep 27, 2019
This bill can be tracked at http://bit.ly/116-S239.

This bill and the Women’s Suffrage Centennial Commemorative Coin Act (S.1235) were being held at the desk in the House because of an objection made by a freshman member. The member was convinced to let the bills pass and to use other bills to make the point.

Just a typical day on Capitol Hill.

H.R. 1830: National Purple Heart Hall of Honor Commemorative Coin Act
Sponsor: Rep. Sean P. Maloney (D-NY)
Introduced: March 18, 2019
Summary: This bill directs the Department of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half-dollar clad coins emblematic of the National Purple Heart Hall of Honor.The bill limits the issuance of such coins to the one-year period beginning on January 1, 2021.The bill prescribes surcharges for coin sales, which shall be paid to the National Purple Heart Hall of Honor, Inc., to support the mission of such organization, including capital improvements to the National Purple Heart Hall of Honor facilities.
Referred to the House Committee on Financial Services. — Mar 18, 2019
Mr. San Nicolas moved to suspend the rules and pass the bill, as amended. — Sep 19, 2019
Considered under suspension of the rules. — Sep 19, 2019
DEBATE – The House proceeded with forty minutes of debate on H.R. 1830. — Sep 19, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. — Sep 19, 2019
Motion to reconsider laid on the table Agreed to without objection. — Sep 19, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Sep 23, 2019
This bill can be tracked at http://bit.ly/116-HR1830.

H.R. 4332: Paul Laurence Dunbar Commemorative Coin Act
Sponsor: Rep. Eleanor H. Norton (D-DC)
Introduced: September 13, 2019
Referred to the House Committee on Financial Services. — Sep 13, 2019
This bill can be tracked at http://bit.ly/116-HR4332.

Weekly World Numismatic News for September 29, 2019

While reading the news from around the world, it is easy to understand why numismatics is not well received in the United States. Compared to numismatic-related articles from countries like the United Kingdom, France, and India, U.S. reporting lives down to the reputation that politicians claim.

For example, in The Trentonian, the newspaper of record for Trenton, New Jersey, columnist L.A. Parker wrote an opinion piece that calls for the elimination of the “penny.” Although the article reads like Parker was trying to add a little snarkiness, his premise lies flatter than a coin.

If Parker were a proper journalist, he would recognize that the article contains one significant mistake that ranks high on my pet peeve list. The lowest denomination coin produced by the U.S. Mint is the CENT. While it is colloquially called a “penny,” the penny as the lowest denomination of the British coin system.

The difference is clear. If one looks at the reverse of the two coins, each has their denominations spelled out.

Lately, the U.S. Mint has been adding to the confusion by using the word “penny” instead of “cent.” The significant abuser appears to be U.S. Mint Director David Ryder. While previous directors and acting directors have been careful with the name, it seems to have loosened its language since the appointment of Ryder. Ryder should know better since this is not his first appointment to the U.S. Mint.

Adding to the confusion in Parker’s article, he cites statistics in favor of the cent that was compiled by Americans for Common Cents. Americans for Common Cents is a lobbying organization dedicated to preserving the United States’ lowest denomination coin.

According to Parker, “Pennies no longer matter.” If the one-cent coin no longer matters, then why does the U.S. Mint produce over 13 billion of them each year?

The primary client of the U.S. Mint is the Federal Reserve. Every year, the Federal Reserve places an order for the U.S. Mint to produce coins for circulation. Although the order can be updated during the year, the Federal Reserve rarely requests few coins. It means that the U.S. Mint manufactures coin the Federal Reserve will buy.

The U.S. Mint does produce coins for the collector market. But in comparison to their circulating coin production, the numismatic market is tiny.

Naturally, this leads to wondering if the coins no longer matter, then why is the Federal Reserve asking the U.S. Mint to manufacture and deliver over 13 billion coins?

And now the news…

 September 22, 2019

Two women have designed a commemorative coin to recognize 100 years since the Boll Weevil monument was erected. Enterprise high school Quarterbacks club secretary Judi Stinnett got the design idea from a coin she received at the Diamond Jubilee over 60 years ago.  → Read more at wtvy.com


 September 22, 2019

The South African Mint Company are doing something a little different to celebrate 25 years of democracy in this country. So what better way to commemorate “power to the people” than by handing them control of what should appear on the new R2 coin?  → Read more at thesouthafrican.com


 September 23, 2019

Nassau County District Attorney Madeline Singas announced that a coin dealer from Fort Salonga was arraigned for a $330,000 cross-country coin consignment and sale scheme that targeted coin dealers and private collectors from California, Michigan, Ohio and Long Island.  → Read more at longisland.com


 September 24, 2019

A builder is celebrating after finding a huge haul of 1,000-year-old silver coins worth £50,000 – including one from Lincolnshire which experts have never seen before. Don Crawley, 50, was searching for buried treasure in farmland using his metal detector when he discovered the haul.  → Read more at lincolnshirelive.co.uk


 September 24, 2019

(Image: © FIRST/Jack Kamen/NASA via collectSPACE.com) The United States Mint will memorialize the first teacher who launched toward space with a new coin that will help continue her mission of science and technology education.  → Read more at space.com


 September 25, 2019

Have only seven red cents to my name and soon a self-description will employ penniless as identification. Not ready for the poorhouse though as poor mouth expressions mean only that all pennies have been removed from jars, drawers and a car console.  → Read more at trentonian.com


 September 26, 2019

AN EXTREMELY rare copper coin marking King Edward VIII's short reign has sold for a record price of £133,000. The Edward VIII 1937 Pattern Penny was created as a trial coin by the Royal Mint ahead of his coronation in the same year.  → Read more at thesun.co.uk


 September 26, 2019

Lori Ann Lewis was doing charity work in downtown Orlando when, by chance, she ran into someone who worked in the gold business. It was in the lobby of the Seacoast Bank skyscraper in 2016, just before the presidential election, when she met Susan Kitzmiller, an employee at U.S.  → Read more at orlandosentinel.com


 September 28, 2019

The Bank of Jamaica (BOJ) estimates that at least J$100 million in one- 10- and 25-cent coins, the ‘red’ money, is ‘lost in circulation’ in the Jamaican economy, and has partnered with GraceKennedy (GK) Money Service in a recovery drive.  → Read more at jamaica-gleaner.com

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Canadian Bank Refused Deposit of Coins

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.

Basketball Hall of Fame Commem Unveiled

During a ceremony at the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts on September 6, the U.S. Mint unveiled the design for the 2020 Hall of Fame commemorative coin.

The obverse of the coin, designed by Artistic Infusion Program artist Pheobe Hemphill, has an image looking down into the net from the rim. Superimposed on above the rim are three players: a man, woman, and wheelchair player, reaching for a ball.

The design is something that represents the Basketball Hall of Fame. As opposed to Halls of Fame from other sports, the Basketball Hall of Fame honors the best basketball players from any arena, not just from the professional leagues.

The reverse of the curved coin, designed by Artistic Infusion Program artist Justin Kunz, the image of a basketball as it is about to drop into the basket. While using the image of a ball is similar to what the U.S. Mint used for the 2014 Baseball Hall of Fame Commemorative Coin, this one is a little different. For this commemorative coin, the ball does not take up the entire side, leaving a distinct rim around the ball. Also, the ball will be on the concave side of the coin.

Line drawings of coin designs do not provide the perspective of the final product, making it difficult to judge. The design unveiled in Springfield appears to have a lot of potentials. Let’s hope that the final product can be just as nice.

Although U.S. Mint Director David Ryder once mentioned something about selective coloring on this coin, there has been no formal announcement from the U.S. Mint.

A video of the ceremony is available on the NBA’s website.

Weekly World Numismatic News for September 8, 2019

Chew Valley Hoard

Post Norman Conquest coins found in Sommerset, England (Pippa Pearce/© The Trustees of the British Museum via Smithsonian Magazine)

While talking about the hoard of coins that dates back to the time of William the Conqueror in England, someone said that they wished they could find treasures like that in the United States. That prompted me to talk with metal detector enthusiasts to hear their stories.

One of the people I spoke with regularly uses a metal detector around the Eastern Shore of Maryland and into Delaware. Although most of the coins found are from the 20th century, many of the finds include artifacts leftover from earlier settlers. They have found some older copper coins, buttons and bullets from the Civil War, and utensils dating to the colonial period.

The leader of a small group of enthusiasts travels the midwest along know migration trails. Some are now roads and highways, while others have returned to nature. They regularly find artifacts of life on the move. Although they rarely find money, the items they find have made their way into museums and university research centers that study the lives of the western migrants.

Finally, someone who has explored eastern Washington, Idaho, western Montana and Canada discovered artifacts that confirmed and expanded the stories of border disputes in that area. In that era, the disputes were not about security but about who claimed the profit from the resources.

Although metal detector finds in the United States may not find anything more valuable than a few coins, bullets, and buttons, they do find the evidence of history. Unless you stumble over another Saddle Ridge Hoard, finding history can be as gratifying.

And now the news…

 August 29, 2019

Shortly after the Battle of Hastings in 1066, a wealthy local buried a trove of 2,528 coins in what is now Somerset, England. Featuring the likenesses of both Harold II—the country’s last crowned Anglo-Saxon king—and his successor, William the Conqueror, the hoard is the largest collection of post-Norman Conquest coins found to date.  → Read more at smithsonianmag.com


 August 30, 2019

Manitoba lottery officials modify their machines to close a loophole exploited by gamblers. 1:32 When was the last time you saw a 50-cent piece?  → Read more at cbc.ca


 September 1, 2019

In mid-September, Macquarie Mint will release 500 Red-Back Spider $1 coins as part of its aptly named 'Deadly & Dangerous' collection. There are six more in the series, ranging from the dingo to the great white shark.  → Read more at lifehacker.com.au


 September 2, 2019

Better known for lagging, sagging, floundering and falling, Canadian currency now boasts a distinction both impressive and unique: It pulsates. Well, one $10 silver collector’s coin appears to do so thanks to a “numismatic breakthrough” that the Royal Canadian Mint heralds as a world-first.  → Read more at resourceclips.com


 September 2, 2019

OTTAWA , Sept. 3, 2019 /CNW/ – The Royal Canadian Mint is proud to launch a numismatic breakthrough from its ambitious and creative Research and Development team. Working with the University of Ottawa's Centre for Research in Photonics, the R+D team has created the 2020 $10 Fine Silver Coin – Pulsating Maple Leaf, engraved with an array of sub-millimeter-scale mirrors in the shape of a maple leaf on the reverse of this 99.99% pure silver coin.  → Read more at finance.yahoo.com


 September 3, 2019

As the 150th anniversary of the opening of the U.S. Branch Mint in Carson City draws closer, the Nevada State Museum is expanding the days it showcases one of the Mint’s most enduring artifacts. For much of the summer, the museum has been giving history lessons and minting medallions every Friday on Historic Coin Press 1 — the original coin press used when the Mint opened in February 1870.  → Read more at carsonnow.org


 September 4, 2019

TORONTO, Sept. 4, 2019 /CNW/ – For the first time in three decades, Canada's rarest coin – the 1911 silver dollar – will be on public display in its home country. This weekend, on Sept. 7-8, the 108-year-old silver dollar will be displayed at the National Postage Stamp and Coin Show, to be held at the Hilton Mississauga/Meadowvale.  → Read more at newswire.ca


 September 5, 2019

Rare currency expert Alfredo Cimino has never seen the 1911 silver dollar, but he’s heard of it. Everyone in the business has. Nicknamed the Emperor or Holy Grail of Canadian coins, it’s held many heavyweight titles in the world of numismatics, or professional coin collection and study, including the world’s most valuable coin, in 1965, and Canada’s rarest coin, which it retains to this day.  → Read more at theglobeandmail.com


 September 5, 2019

A rare example of Bermuda “Hogge Money” — a coin which was produced in the early 1600s — sold for $96,000 when it was auctioned last night, with the coin one of only eight examples known to exist. “The Sommer Islands coinage was produced in England circa 1616 for use in the British colony now known as Bermuda,” the auction house noted, with the “Hogge Money” coins issued in four denominations: shilling, sixpence, threepence, and twopence.  → Read more at bernews.com


 September 6, 2019

SPRINGFIELD, Mass. — As special as it is for those involved, a class of new members gets enshrined annually in the Naismith Memorial Basketball Hall of Fame. That makes it somewhat less exclusive than the minting of a coin – which is part of this year’s ceremony as well.  → Read more at nba.com

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Some random thoughts…

Although it has been a while since I have posted something outside of the Weekly World Numismatic News, it does not mean that I have been idle. Here are some random thoughts:

Glenn B Smedley Medal

2019 Glenn B Smedley Medal

First, I want to thank the American Numismatic Association Board of Governors for awarding me the 2019 Glenn Smedley Memorial Award. It is an honor! I wish I could have been there for the award ceremony.

ANA President Steve Ellsworth asked me to continue as Chair of the Technology Committee. I accepted his appointment. Steve has a different vision for how to move forward. Change is a good thing and will work with him and the Board to do what is best for the ANA.

There continues to be work to do for the ANA to add technology to the numismatic experience. One of the areas I would like to include more technology are the exhibits. After speaking with one person familiar with the exhibiting process, I think there are ways to add technology without technology overshadowing the numismatic content. I will have a proposal shortly. Stay tuned.

2007 Somalia Motorcycle Coins
I love these coins but is this the direction the U.S. Mint should go?

Not long ago, U.S. Mint Director David Ryder said that there might be a chance to add color to the Naismith Memorial Basketball Hall of Fame Commemorative Coins. I have had a mixed feeling about adding color to coins. There are some cases where the color acted as an enhancer. Other times, some mints produced coins that were discs with prints. I will wait until the design is released to decide how I feel about the Mint’s attempt with color.

There are many collectibles whose values have declined over the last year, including some collector coins. One area that remains low are those collector sets produced by the television hucksters or the private mints. These firms overhype the value of their wares to convince buyers that they should purchase them as an investment. Recently, I handled an estate with several items purchased from QVC and the Franklin Mint. All of the coins were overpriced. The family was upset when I provided my valuation. I will talk about this more in a future post.

Another article idea that is inspired by my business is the difference between collecting and investing. Although some people like to try to mix the two, most of the time, the result is that the investor does not create a compelling collection while most of the collectors create value without trying.

I sold my silver Pandas. I lost interest after the composition was changed but the hype has kept the prices up. Hype is not a long-term strategy.

Recently, I decided to liquidate part of my collection. As part of the process, I realized how much I have learned over the years. It is a real case of “the more you know, the more you realize what you don’t know.” I learned several lessons during this process, including not to trust my judgment. In one case, coins I graded years ago were over graded. If I would have used the tools and knowledge, I have today, and the grades would be different.

Finally, I am still waiting to find a “W” quarter in change. I have yet to see one. Most of the people I know that are looking for these quarters are roll hunting. If I were into conspiracies, I would suggest that the Mint did this on purpose to increase the demand for quarters. People would demand rolls of quarters, forcing the Federal Reserve to order more.

Considering the U.S. Mint is a government agency, I bet they are storing most of the quarters in Area 51! After all, if we are going into conspiracy theories, we might as well go all of the way!

Weekly World Numismatic News for August 18, 2019

2019 Worlds Fair of \MoneyThis past week the World’s Fair of Money was held in Rosemont, just outside of Chicago. I wish I knew more of what happened, but the coverage of the show was its usual light to non-existent.

For years, I have been calling for the ANA to broadcast from the convention. For many years, I have been saying that when the collector cannot go to the show, the show must go to the collector. Nearly every other industry that holds a significant show finds ways of broadcasting part of the show to people who cannot attend.

One of the reasons I could not be at the World’s Fair of Money was because I was attending two seminars from another show. These were classes that are required so that I can become a licensed appraiser. Rather then travel to the show, I was able to view these seminars as they occurred. The conferencing software also allowed me to ask questions.

For next year’s show, I would like to see the ANA start to broadcast the Money Talks programs. All business-related items like the meeting of the Board of Governors session could appear on a live stream. Let’s start with that before I go into the rest of my wishlist.

And now the news…

 August 10, 2019

The Royal Mint has revealed no new 1p or 2p coins were struck over the last year. Is the future of copper coins under threat again?  → Read more at which.co.uk


 August 12, 2019

The government’s latest wheeze to convince us that Brexit means Brexit was announced this weekend. Sajid Javid is drawing up plans for millions of 50p coins to be issued when the UK leaves the EU later this year.  → Read more at independent.co.uk


 August 14, 2019

To ensure you the best experience, we use cookies on our website for technical, analytical and marketing purposes. By continuing to browse our site, you are agreeing to our use of cookies.  → Read more at antiquestradegazette.com


 August 15, 2019

Sen. Roy Blunt wants a commemorative coin to honor Negro League Baseball when it celebrates its 100 year anniversary in 2020. The Missouri Republican talked about his coin push during a tour of the Negro Leagues Baseball Museum in Kansas City, Missouri, this week.  → Read more at rollcall.com


 August 15, 2019

A woman from Asten found a very peculiar coin when she emptied out her purse after her vacation on Wednesday. A 2-euro coin, with the image of Princess Beatrix on it, that had also been minted with an image of an eagle with a swastika under it, De Gelderlander reports.  → Read more at nltimes.nl

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