Weekly World Numismatic News for April 22, 2018

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.

Reverse of the 2017 Australian Possum Magic Coins: Blue Invisible Hush; Purple Vegemite Hush; Orange Happy Hush
(RA Mint image via The Australian Coin Collecting Blog)

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

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Weekly World Numismatic Newsletter for April 15, 2018

David J. Ryder, 39th Director of the U.S. Mint

Finally, after 2,649 days (or 7 years, 3 months, 2 days), the U.S. Mint now has a permanent appointed Director when Treasury Secretary Steven T. Mnuchin swore in David J. Ryder as the bureau’s 39th Director on April 12, 2018.

The U.S. Mint has been without an appointed director since Edmund C. Moy resigned as the director effective on January 9, 2011, although he had vacated his office earlier. Moy’s term was to expire on September 5, 2011. He was one of the few officials from the George W. Bush administration to work under Barack Obama.

Moy will be remembered for the problems with the U.S. Mint’s website ablity to meet collector demand and the debacle over not having enough bullion planchets to meet demands of investors and collectors.

Ryder comes to the U.S. Mint after holding the position of Global Business Development Manager and Managing Director of Currency for Honeywell Authentication Technologies. As part of his work, Ryder worked with the Royal Mint during their development of the security technology that they are currently being used for the new one-pound coin.

During his confirmation, Ryder was asked about counterfeit technologies and how it could help in the United States. Although counterfeiting is a concern, current circulating coins are not the counterfeiter’s targets. For coins, the targets are the older collectible coins with an overwhelming target being Morgan and Trade dollars.

This is a return for Ryder who served as the 34th Director from September 1992 to November 1993 during the administration of President George H.W. Bush. His experience with running the U.S. Mint in the past and his work with Honeywell should help him be successful.

Welcome, Mr. Ryder and good luck!

And now the news…

 April 11, 2018

Football fans were shocked to learn that Patriots tight end Rob Gronkowski is a coin collector. On Wednesday night ESPN Sports Business Reporter Darren Rovell tweeted a new detail about Gronkowski's $1million home being burglarized on February 5, the night the Patriots lost to the Philadelphia Eagles in Super Bowl LII. → Read more at dailymail.co.uk


 April 11, 2018

To mark the 20th anniversary of Astana and the 25th anniversary of the national currency, the National Bank of Kazakhstan will issue a new series of commemorative coins. This is great news for numismatists of many countries. → Read more at kazakh-tv.kz


 April 12, 2018

Bank tellers beware! A coin con man may be on a roll, warn North Vancouver RCMP – literally. The inventive fraudster recently bilked a bank in North Vancouver by cashing in what the teller believed were more than 45 toonies and leaving significantly lighter, pocketing $2,600 in bills. → Read more at nsnews.com


 April 13, 2018

A junk dealer in Turkey returned 100 gold coins he found hidden away in an old stove, state run Anadolu news agency reported on Friday. Asir Ozturk, 36, has been making a living by collecting and selling junk materials in Burdur for the last 20 years, according to the report. → Read more at thenews.com.pk


 April 14, 2018

In 1974, Reno stock investor and real estate man, Lavere Redfield, passed away at the age of 77 years. Lavere was born in Utah and his father died when Lavere → Read more at elkodaily.com

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Weekly World Numismatic News for April 8, 2018

The Royal Canadian Mint has officially Jumped the Shark!

2018 Canada $20 coin commemorates the 1967 Falcon Lake alleged UFO incident. (Source: Royal Canadian Mint)

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.

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

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Weekly World Numismatic Newsletter for March 25, 2018

2015 1 Dirham coin from the UAE celebrating the Accession Day of His Highness Sheikh Hamdan bin Mohamed bin Rashid bin Saeed Al Maktoum, Crown Prince of Dubai (Image courtesy of Numista)

Earlier this month, The National, a site that carries news for the United Arab Emirates, published a story about a 17-year-old numismatist collecting UAE 1 Dirham (Dh1) coins.

In the original article, Nihad Hassan, an Indian living in the Abu Dhabi, liked the design of the Dh1 coins and started collecting them. One coin that was difficult to find was the 2015 Dh1 coin issued to celebrate the seventh anniversary of the accession of Sheikh Hamdan bin Mohammed as Crown Prince of Dubai. As part of the article, he asked if someone could help him find a coin.

This past week, The National reported that an Indian working in a local grocery store found the coin and gave it to Hassan.

The original report was seen around the country and helped gain attention. Hassan reported that he received many emails offering to sell the coin to others who wanted to just give the young numismatist the coin in order to encourage him and his hobby.

Could this be a lesson to encourage more people to look at their coins, especially here in the United States? What if more media outlets wrote about young collectors and allowed members of the public to donate the coins to help these budding collectors complete their collection? Could hobby shops of all types that buy from the public use their space to create collections of state or national park quarters that will be given to younger children to learn about collecting? What if the store created a credit system whereby you bring the coins and you get a store credit?

It would be a form of community collecting. Maybe the collections could be auctioned for charity. Something for those in business to think about.

And now the news….

 March 16, 2018

A young numismatist in search of a rare coin has had the elusive bit donated to his collection after members of the community heard his story and rallied around to help. Nihad Hassan had been searching for the Dh1 coin that was issued in 2015 on the seventh anniversary of the accession of Sheikh Hamdan bin Mohammed as Crown Prince of Dubai. → Read more at thenational.ae


 March 17, 2018

Prince Charles is getting a special £5 coin made to celebrate his 70th birthday. The Queen has also ordered a £25 platinum coin to commemorate the special occasion. The prince has already had special currency made for his first wedding and 50th and 60th birthdays so it doesn’t come as a huge surprise he’s getting more. → Read more at metro.co.uk


 March 17, 2018

The government has ruled out scrapping 1p and 2p coins, despite launching a consultation into the use of cash. And if you’re among the 60% of people who immediately save, lose or even throw out pennies you receive, think again – these small coins can be worth more than you think. → Read more at which.co.uk


 March 19, 2018

In 2007 Alexander Shapovalov suggested an unusual coin-weighing problem for the sixth international Kolmogorov math tournament [5]. A judge is presented with 80 coins that all look the same, knowing that there are either two or three fake coins among them. → Read more at scientificamerican.com


 March 19, 2018

Mickey Mouse money became, from Tuesday, legal tender in France, after the national mint, Monnaie de Paris, released a series of commemorative coins bearing the image of Disney's iconic cartoon creation. → Read more at connexionfrance.com


 March 20, 2018

A contest is now underway honoring one of the Capital Region’s greatest war heroes. Ferris Coin Company in Albany announced they’re handing out two $1,000 prizes for whoever can design the best commemorative coin for the late Sergeant Henry Johnson, who served in World War I. → Read more at cbs6albany.com


 March 20, 2018

Much of the information in this article is from "The Mint on Carson Street," by Rusty Goe. Whenever I take people on tours through the Nevada State Museum, one of my favorite exhibits is the original coin press and the nearly complete collection of gold and silver Carson City coins minted there. → Read more at nevadaappeal.com


 March 22, 2018

The United States Mint recently released a new limited edition coin under its Breast Cancer Awareness Commemorative Coin Program to increase awareness of breast cancer and raise funds for research, according to a press release. → Read more at breastcancer-news.com


 March 22, 2018

Video It could be a story line straight out of the hit television series Detectorists. But instead of Mackenzie Crook and Toby Jones in the leading roles, the stars of this show are Norwich residents Damon Pye and his wife Denise. → Read more at edp24.co.uk


 March 25, 2018

A 1787 New York Brasher Doubloon, one of the first gold coins to be struck in the United States, has been sold for more than $5 million (£3. → Read more at telegraph.co.uk

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David J. Ryder Confirmed!

David J. Ryder, 39th Director of the U.S. Mint

During the latter portion of the Wednesday, March 22, 2018 session in the United States Senate, the nomination of David J. Ryder to be the 39th Director of the U.S. Mint was confirmed by a voice vote.

As the Senate was processing the nominations on the Senate Executive Calendar, Ryder’s name rose to the top of the list. When the clerk read the nomination and asked for commentary from the floor, the only statement was from Cory Booker (D-NJ). It is customary that a senator from the nominee’s home state to say something in support the nominee. Since there was no objection from the floor, the Senate moved to suspend the rules and pass the nomination by voice vote.

Previously, Sen. Chuck Grassley (R-IA) threatened to block the nomination because he felt that the Department of the Treasury did not respond to inquiries to his satisfaction. When it came time to follow through with the threat, Grassley was not even in the Senate chamber during the vote.

There was no comment offered by Grassley’s office.

After 2,629 days or 7 years, 2 months, and 13 days, our long nightmare is over. The U.S. Mint now has a permanent director!

Good luck Director Ryder.

PN1355: David J. Ryder — Department of the Treasury
Date Received from President: January 8, 2018
Summary: David J. Ryder, of New Jersey, to be Director of the Mint for a term of five years, vice Edmund C. Moy, resigned.
Received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 8, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported favorably. — Jan 17, 2018
Reported by Senator Crapo, Committee on Banking, Housing, and Urban Affairs, without printed report. — Jan 17, 2018
Placed on Senate Executive Calendar. Calendar No. 596. Subject to nominee’s commitment to respond to requests to appear and testify before any duly constituted committee of the Senate. — Jan 17, 2018
Considered by Senate. — Mar 21, 2018
Confirmed by the Senate by Voice Vote. — Mar 21, 2018
This nomination can be tracked at http://bit.ly/115-PN1355.

Weekly World Numismatic Newsletter for March 18, 2018

When news comes out of the United Kingdom it is fun to read how the British tabloids write about them. They have a way with their words that make no doubt about where they stand.

Philip Hammond has branded a ‘penny-pincher’ after revealing shock plans to scrap 1p and 2p coins (Courtesy of The Sun)

This past week, the tabloids had their fun poking at Philip Hammond, Chancellor of the Exchequer, who suggested that the country no longer produce 1p and 2p coins. He also questioned whether it was to the country’s advantage to eliminate the £50 note.

Chancellor of the Exchequer is to the United Kingdom as the Secretary of the Treasury is to the United States.

During Hammond’s review of the treasury, he said that since 500 million 1p and 2p coins fall out of circulation every year that it might be a good idea to eliminate them.

Hammond is a member of the Conservative Party. Following his statements on the State of the Treasury, MP (Member of Parliament) Wes Streeting, a member of the Labour Party, referred to Hammond as “this penny pincher Chancellor.”

That opened the tabloids and other opposition parties to attack Hammond and the Tories. Much like the argument against eliminating the one-cent coin in the United States, those against removing those coins worry about squeezing the poor a few pennies at a time (allegedly) making their situation worse.

For the £50 note, Hammond cites studies about its use in organized crime for physical payments. However, studies show that the criminals are more apt to use the 500€ note, while it is still in circulation, the 100&euro note, and the $100 Federal Reserve Note. Even with the strong exchange rate being strong on the pound sterling, it is more advantageous for criminals to use higher denomination banknotes.

Prime Minister Theresa May, who has the final say, gave the British press a non-committal statement following the opposition attack. Of course, that opened her up to being called whishy-washy by the tabloids.

The British tabloids do make the news entertaining!

And not the news…

 March 11, 2018

Whether a modern quarter displaying a U.S. national park or a rare, hand-hammered Greek denarius dating back to 250 A.D., history is woven throughout the process and story of all coins, tokens and currencies, according to Monte Mensing, president of the Springfield Coin Club. → Read more at registerguard.com


 March 12, 2018

GAYLORD — When Kandus Schalter received a “challenge coin” from Matt Barresi, director of the Gaylord Regional Airport, she thought she might just keep it in her wallet. But Frank Jasinski thought Schalter, a World War II veteran and local businesswoman with strong ties to the community, should be able to wear it proudly, so he offered to take it to Hogan’s Jewelers, to put a hole and catch in it. → Read more at petoskeynews.com


 March 12, 2018

On Monday, March 12, the National Bank of Ukraine introduces a commemorative coin "The Day of the Ukrainian Volunteer". This was reported by the press service of the bank. The nominal value of the coin is 10 UAH, metal is a zinc-based alloy, the circulation is 1 million pieces. → Read more at 112.international


 March 12, 2018

The Treasury could be paving the way for the end of 1p and 2p coins as it seeks views on the future of cash. It is inviting comments on the mix of coins in circulation as consumers move to non-cash payments such as contactless and digital spending. → Read more at bbc.com


 March 13, 2018

PHILIP Hammond was branded a “penny-pincher” after revealing shock plans to scrap 1p and 2p coins. Unveiling his Spring Statement, the Chancellor resurrected proposals to abolish the “obsolete” copper change. → Read more at thesun.co.uk


 March 15, 2018

The National Bank of Ukraine (NBU) has decided to stop striking coins of low denominations — 1 kopiyka, 2 kopiykas, 5 kopiykas, 25 kopiykas coins, acting NBU Governor Yakiv Smolii has said. “The National Bank stops striking 1 kopiyka, 2 kopiykas, 5 kopiykas, 25 kopiykas coins. All these denominations of coins will be in circulation, but in the … → Read more at kyivpost.com


 March 16, 2018

A pot of 500 gold and silver coins dating to the 15th century was discovered in the Netherlands. → Read more at livescience.com


 March 16, 2018

The five dollar gold coin is the first time the Mint has ever issued currency in a pink hue. → Read more at usatoday.com


 March 16, 2018

Utility workers in the Netherlands struck gold while laying drain pipe at a construction site earlier this month. The employees of Oasen, a water supply company, unearthed a collection of nearly 500 coins in a glazed cooking pot dating back to the 15th century, the NL Times reported — 12 of them gold and the remaining silver. → Read more at nydailynews.com

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Weekly World Numismatic Newsletter for March 11, 2018

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.

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
U.S. Mint
2014 Hall of Fame Commemorative Silver Dollar
Mintage 5,000 (limit) 400,000 (actual)
Proof: 268,076
Unc: 131,924
Face Value 25.00 CAD 1.00 USD
Composition 99.99% pure silver 90% silver
10% copper
Weight 30.75 g
(0.9886 troy ounce)
29.73 g
(0.9558 troy ounce)
Diameter 36.07 mm 38.1 mm
Silver Value
(16.57 USD spot)
16.38 USD 14.25 USD
Issue Price
(1 CAD = 0.78 USD)
159.95 CAD
(124.82 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

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Weekly World Numismatic Newsletter for March 4, 2018

I apologize for being a day late.

10p “B” reverse for “Bond… James Bond!” issued by the Royal Mint (Royal Mint Image)

Interesting numismatic-related news out of the week is coming out of the United Kingdom. The Royal Mint has introduced 26 special 10 pence coins, with each reverse having a letter of the alphabet and an image representing that letter. For example, the 10p coin with “A” honors the Angel of the North landmark in Gateshead and “B” for “Bond… James Bond.”

All 26 coins have been added to circulation and the Royal Mint is promoting the coins with the hashtag #coinhunt on social media.

For those collecting the coins, the Royal Mint is offering a special album and an app that can be used in the hunt. For those of us outside of the United Kingdom, you can purchase the coins online on the Royal Mint’s website.

It is an interesting idea that could translate to the United States. Let’s see what happens before making that proposal.

And now the news…

 February 23, 2018

A new exhibition at the National Hellenic Museum which will open March 4, will feature the story of coins from early use in ancient Greece to today. Titled “Change: The Story of Coins”, the exhibition will include an interactive display which will highlight how coins are important financial, cultural and political tools. → Read more at usa.greekreporter.com


 February 25, 2018

The National Bank of Poland has issued a special coin commemorating a hero of the Polish struggle for independence. General August Emil Fieldorf (nom de guerre “Nil”), a hero of the Polish-Bolshevik War of 1920 and of World War II, was arrested by the communist authorities in 1950. → Read more at thenews.pl


 February 26, 2018

The Capital City Coin Club will be hosting its 98th Annual Trade Show on Saturday and Sunday, March 24-25, at the Bismarck Eagles Club, 313 North 26th St. Saturday hours will be from 9 a.m. to 6 p.m., and Sunday hours will be from 9 a.m. to 4:30 p.m. → Read more at jamestownsun.com


 February 27, 2018

Sixty two year-old amateur metal detector Richard Patterson found a rare coin from the third century in a field in Winchester, Hampshire. It has now sold at auction for £10,000 ($14,000). → Read more at dailymail.co.uk


 March 1, 2018

The Royal Mint is celebrating Britishness with 26 new, collectors edition, 10p coins – and they've just hit the streets → Read more at mirror.co.uk


 March 2, 2018

February sales of U.S. Mint American Eagle gold coins fell 80 percent from the same month a year earlier, the slowest February sales in 11 years, while February silver coin sales fell to the lowest since 2008, government data showed on Wednesday. → Read more at reuters.com


 March 2, 2018

Recently, at the monthly Veterans Coffee held at the Gaylord Regional Airport, I presented a World War II veteran with our airport Challenge Coin. A guest at the event approached → Read more at petoskeynews.com


 March 2, 2018

Queuing, cricket and tea represent what it means to be British, according to the Royal Mint, which has launched a new collection of 10 pence coins to showcase the "A to Z of what makes Britain great". → Read more at telegraph.co.uk

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Weekly World Numismatic News for February 18, 2018

“Clad in 31 milligrams of pure gold,” or $1.34 in gold at the current price of $1,349.10 per troy ounce. (YouTube screen grab)

If there is one story from this week that makes my blood boil is from the Houston Chronicle. They reported that a 72-year old woman was duped by the National Collector’s Mint (NCM) into purchasing $1.3 million in alleged rare coins.

The elderly woman, like many other elderly who may not have the experience to deal with the sales pitch or understand the nuances of the particular investment, was smooth-talked by one of their salesmen who played on her emotions.

According to the story, the woman has infrequent contact with her children and used to look forward to the sales call from the NCM representative. Like similar scams, the representative likely fed on these emotions to convince her to buy NCM’s overpriced products.

The National Collector’s Mint settled on a fine of $750,000 from the Federal Trade Commission for advertising they were selling “official” 9/11 commemorative coins. The FTC claimed the ads were deception because no such coin was authorized by Congress, the only constitutionally legal entity to grant legal tender status to any coin from the United States. NCM settled without admitting guilt.

With all due respect to the National Collector’s Mint, they have advertised garbage collectibles before. Whether it is the not-so-official 9/11 commemorative coin or the tribute proof plated with gold with less than one-dollar in value, the television commercials that I have seen even on allegedly reputable cable channels is enough to make one gag on their coffee.

If you have elderly relatives living alone, give them a call. First, you will be doing a good thing especially if they are your parents. Even if there have been problems in the past, get over it. Life is way too short to hold a grudge. While talking with them, make sure they are not being taken advantage of by the likes of these scam artists. By talking with them they will not feel lonely and have to seek comfort in the voice of a smooth talker sitting in some cube farm in some sterile office.

Please remind them that if the deal sounds too good to be true, it is not a good deal! This includes the overpriced coins that are sold on the television shopping channels!

And now the news…

 February 13, 2018

Our colleague Martin Shaw thinks he may have actually found a fake → Read more at cornwalllive.com


 February 13, 2018

Thursday is the last day that one-cent, ten-cent and 25-cent coins can be used as legal monetary tender in Jamaica.However, the Bank of Jamaica (BOJ) will continue to redeem them indefinitely, during its regular business hours of 9 a.m. to 2 p.m…. → Read more at jamaica-gleaner.com


 February 13, 2018

In many quarantines, these coins were the only form of money that patients affected by the disease could access. → Read more at atlasobscura.com


 February 14, 2018

South Africans can expect a new coin and banknote issue with former President Nelson Mandela’s face on it later this year. → Read more at timeslive.co.za


 February 14, 2018

An elderly Houston woman says an on-line coin seller based in New York took advantage of her loneliness to sell her $1.3 million in gold and silver coins at inflated prices. Patricia Thomas, 72, sued the National Collector's Mint in federal court in Houston, alleging that one of its sales representatives, under the guise of "checking in" with Thomas, smooth-talked her into to buying the coins, which cost more than twice what they were worth, according to court documents. → Read more at chron.com


 February 15, 2018

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


 February 15, 2018

MINNEAPOLIS (KMSP) – Timberwolves players, coaches and fans paid tribute to the late Coach Flip Saunders at the Target Center. Saunders was honored as part of “Flip Saunders Night” at Thursday night’s game against the Los Angeles Lakers. → Read more at fox9.com


 February 16, 2018

Blackpool Tower is set to feature on a new silver £5 coin, an announcement by the Queen has revealed. The commemorative cash, which will be released ahead of the iconic structure’s 125th birthday next year, will be part of a series to celebrate British landmarks. → Read more at blackpoolgazette.co.uk

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Weekly World Numismatic News for February 11, 2018

The news article that caught my eye this week is a commentary produced on the website for WDEL, a radio station in Wilmington, Delaware about an advertisement that appeared in Wilmington’s News Journal newspaper for the “First-Ever Official Philadelphia Eagles Super Bowl LII Champions Legal Tender Coin.”

An online search found the item for sale at the Bradford Exchange.

According to the product page (I am not providing a link since I am not endorsing this product), it is a legal tender coin but does not indicate the country of issue. The “coin” is plated in 24-karat gold and comes in a holder that looks very similar to a popular third-party grading service.

The images provided on the product page are of one side of the coin. There are no images of the reverse of the coin or the holder. Even with the description that does not include the coin’s metal content including the amount of gold it contains and the country that granted legal tender status. They want buyers to shell out $49.95 plus $4.95 for shipping and handling.

This is worse than the Gold Buffalo Tribute Proof from the National Collector’s Mint. If you have the opportunity to watch the business cable channels during the day, they are consistent advertisers. At least with the Gold Buffalo Tribute Proof you will only be ripped-off for $19.95 plus $7 shipping.

Simply, the amount of gold in the plating is so thin that there may be less than $1.00 worth of gold. Even if the base coin is brass or bronze, the amount of copper would make the metal value less than $2.00. Since the Bradford Exchange has indicated it has licensing agreements with the NFL and NFL Players Association, their costs may be higher in order to pay off these concerns.

Even though they are creating only 2,017 of these coins, the resale market is very limited. When you or your heirs try to sell these coins, they will find that if the coin can be resold it will probably bring pennies on the dollar versus the original price.

If you are a Philadelphia Eagles fan and want a numismatic-related souvenir of their win in Super Bowl LII, then it looks like a nice, albeit expensive item. If you are only interested as a speculator, you can find something better to invest in.

And now the news…

 February 5, 2018

Bank to act amid concerns over private firms selling medals marking historic events → Read more at irishtimes.com


 February 5, 2018

More than $50 million worth of gold bars, coins, and dust that has sat at the bottom of the ocean since the ship it was on sunk in 1857 is about to go on public display in California. → Read more at fox10tv.com


 February 5, 2018

Today marks 100 years since the 1918 Representation of the People Act, which was the first piece of law that gave women the right to vote in elections. And to celebrate, the Royal Mail has released a set of eight special stamps, commemorating the piece of legislation which extended the right to vote to women over 30 and to millions of men over the age of 21 who had previously been denied the opportunity. → Read more at digitalspy.com


 February 5, 2018

WE'RE getting used to plastic fivers and tenners and are now awaiting the official announcement from the Bank of England on when the polymer £20 notes will be introduced. The polymer tenner came into circulation in September 2017, with hundreds of millions in circulation. → Read more at thesun.co.uk


 February 6, 2018

Page 6A of today's News Journal carries a half-page ad for the "First-Ever Official Philadelphia Eagles Super Bowl LII Champions Legal Tender Coin". Doubtless this very same ad appears in newspapers all over our region. → Read more at wdel.com


 February 6, 2018

ROCHESTER, N.Y. (WIVB) – A Rochester man has been sentenced to three years of probation for selling counterfeit coins. Timothy Meacham, 32, was also ordered to pay over $5,000 in restitution. → Read more at wivb.com


 February 6, 2018

Most of the coins in the Knights of St John collection were contained in Professor Salvatore Luigi Pisani’s donation. Photos: Chris Sant Fournier Coins from every era of history have for the first time gone on permanent display at the National Museum of Archaeology, offering a glimpse of the commercial and political forces driving Malta through the ages. → Read more at timesofmalta.com


 February 7, 2018

IT MAY seem baffling why anybody would want to burn money, and there are many rumours about what would actually happen if you were caught destroying currency. We’ve debunked the fact from the fiction, so you can keep on the right side of the law. → Read more at thesun.co.uk


 February 7, 2018

MARQUETTE — A standing-room-only crowd of nearly 1,000 people filled the Mather Auditorium in Munising Wednesday to be part of the launch of the first America The Beautiful quarter issued in 2018, which honors Pictured Rocks National Lakeshore. → Read more at miningjournal.net


 February 8, 2018

During the reign of William III, in the second half of the 17th century, it was the fashion for a young man to give a crooked coin to the object of his affections. The suitor would bend the coin, both to make it an amulet and to prevent it being reused. → Read more at theguardian.com

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