Weekly World Numismatic News for November 28, 2021

1883-CC GSA MorganBlack Friday, Cyber Monday, and all other names given to special holiday sale days are relics of the past. Times have changed. Black Friday is no longer the day that most retailers begin to show a profit for the year. And with broadband available in many homes, the significance of Cyber Monday has disappeared as quickly as it arrived.

What has not changed is the desire to find gifts at a reasonable price. You can find sales on manufactured goods that do not have a supply chain issue, but you cannot find sales on collectibles.

The collectibles market remains very active. If it is collected, then the prices are higher than expected. I was reminded of this by a friend who has been saving to buy his first Carson City Morgan Dollar. When he thought he had saved enough, the price of the coin he wanted was now 20-percent more expensive.

Although collector coins are going up in value, there are affordable coins that can be stocking stuffers. Over the next week, I will look into what could become a gift for the collector in your life.

And now the news…

 November 24, 2021
Made of pure silver, the coin was minted during the second year of the Great Revolt. Eliyahu Yanai / City of David  → Read more at smithsonianmag.com

 November 24, 2021
Latest Stories  → Read more at hcnews.com

 November 26, 2021
YOU might be surprised what your spare change could sell for online – and you would be quite fortunate to find a VDB penny. Typically, what makes a coin rare is either low mintage or a unique error – and in some cases both.  → Read more at the-sun.com
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Weekly World Numismatic News for November 21, 2021

News and notes from this past week:

The U.S. Mint announced that they completed producing 2021 American Eagle bullion coins and will distribute the last of their inventory by next week. They are producing 2022 coins for distribution beginning on January 3, 2022.

The supply chain continues to plague the change market, especially in less populated areas of the country. Smaller towns, including in the distant suburbs in metropolitan areas, continue to report coin shortages. Additionally, NGC reports that they have run out of new scratch-resistant holders. New submissions will be encased in the older-style holders—no word as to when they expect to have more in stock.

The American Numismatic Association is soliciting themes for the 99th National Coin Week, April 17-23, 2022. Submission should focus on the artistry featured on numismatic objects and the artists. Submissions should be no more than eight words and easy to remember.

The winning theme will receive a 2022 American Eagle proof silver dollar. The submission deadline is TOMORROW, Monday, November 22. ANA members can submit their idea on the ANA website.

And now the news…

 November 10, 2021
News, News, News An amateur treasure hunter out for a casual day of using his new metal detector in the Danish countryside uncovered a stash of 22 gold medallions inscribed with mystical symbols, the Danish government recently announced.  → Read more at kovels.com

 November 17, 2021
Enlarge / Nuclear physicists used micro-XRF scanning to produce elemental maps for Roman denarii coins and their color overlays. K.V.  → Read more at arstechnica.com

 November 18, 2021
The FINANCIAL — A study of gold coins from different moments of the Roman Empire has revealed the thriving economy at the time of minting, according to UKRI. To reach this conclusion, researchers brought three Roman coins to the Science and Technology Facilities Council’s ISIS Neutron and Muon Source for analysis.  → Read more at finchannel.com
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Weekly World Numismatic News for November 14, 2021

2022 National Purple Heart Hall of Honor Commemorative Half-Dollar Reverse

The news came hot and heavy this week. First, the U.S. Mint announced the designs for the 2022 commemorative coin programs, including the Negro Leagues Baseball Museum coins. Of all the baseball designs by the U.S. Mint, the NLBM commemorative coins are the best designs.

I am looking forward to the National Purple Heart Hall of Honor commemorative. Of the designs introduced, it will be interesting to see the implementation of the half-dollar reverse. As a line-art drawing, it can capture the feeling of the impact of the effect of a soldier earning the Purple Heart. It triggers memories of my grandfather, who earned his Purple Heart on the battlefield in Italy during World War I.

The biggest news of the week is the U.S. Mint saying they will continue the Morgan and Peace dollar programs in 2022. Based on the email I received, collectors seem to be excited about the future of this program. I am still looking for a Peace dollar in its original government package. If anyone is selling, contact me, and let’s make a deal.

Under the news radar was the sale of the Hawaii Five-0 1913 Liberty Head Nickel. The coin once owned by COL E.H.R. Green featured on an episode of the original Hawaii Five-0 television series, sold for the 14th time. Stack’s Bowers brokered the coins, graded PF the 64+ by NGC, sold for $4 million in a private sale.

Although it is fair to ask, was this news under the radar, or has the sale of coins breaking the $10 million barrier making a mere $4 million sale seem pedestrian?

And now the news…

 November 4, 2021
The hoard of gold. Courtesy Norfolk Castle Museum  → Read more at news.artnet.com

 November 5, 2021
An unnamed treasure hunter discovered the majority of the coins and gold objects between 2014 and 2020. British Museum  → Read more at smithsonianmag.com

 November 9, 2021
After acquiring more than 2,800 rare Islamic silver coins earlier this year, Louvre Abu Dhabi is preparing to unveil the objects as part of a two-year project. Photo: DCT Abu Dhabi  → Read more at thenationalnews.com

 November 12, 2021
Minted in Canterbury between 1493 and 1499, the silver half groat dates to the middle of Henry VII's reign, when a rebellion led by pretender Perkin Warbeck threatened to unseat the nascent Tudor dynasty.   → Read more at smithsonianmag.com

 November 14, 2021
RARE coins can sell online for a pretty penny, especially full collections. A set of 13 Morgan Silver Dollar coins sold for more than $3,000 earlier this month.  → Read more at the-sun.com
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Weekly World Numismatic Newsletter for November 7, 2021

A news item popped up that announced a dealer is selling Non-Fungible Tokens (NFT) for 13 rare ancient coins. Following the news, collectors ask if NFTs should be part of numismatics.

To answer the question, we must define the NFT. An NFT is a piece of data created using the complex math of cryptography to make it unique to tie it directly to the owner and the item. It is non-fungible because it represents a one-to-one relationship between the owner and the asset. An asset is fungible because it is interchangeable. A coin can be a fungible asset.

A token is an object that represents something else. In numismatics, a token represents money. The NFT is a piece of data that represents the owner and its tie to the asset.

Are you confused? So is most of the market that has run face-first into this new allegedly fantastical concept of owning a piece of something.

But is it an NFT or cryptocurrency numismatics?

According to Merriam-Webster, numismatics is “the study or collection of coins, tokens, and paper money and sometimes related objects (such as medals).”

First, NFTs are not numismatics. NFTs are a deed of ownership. Deeds are not numismatics.

Cryptocurrency may be considered a related object by definition, but does it represent money or currency in any form?

Cryptocurrency is an asset. The asset is assigned a value based on market forces. Are those assets numismatics? No! Cryptocurrency is an asset that does not represent anything. It is a set of bits and bytes created using complicated math.

The creators of cryptocurrency use names similar to physical assets to influence a market. For example, crypto-mining is a series of calculations to find large prime numbers. Searching for large prime numbers is something researchers have been calculating since the discovery of computers. In college, I worked on a project that calculated the largest prime number held at the time.

Today, someone decided to sell the idea of this complex math to calculate a series of prime numbers within constraints. Cryptocurrency is buying the number stored in something called a digital wallet. Owners of these numbers can trade them the same way you can trade stock or your car to a dealer.

Cryptocurrency is not legal tender. A governing authority does not authorize it. It is also not representative of anything except mathematics.

There is nothing in the definition of the trade of numbers to make it part of numismatics.

And now the news…

 November 4, 2021
A group of the gold coins discovered in west Norfolk. Photograph: British Museum/PA  → Read more at artnews.com

 November 5, 2021
Licinius I Aureus as NFT Art on OpenSea A Selection of 13 Rare ancient coins has been listed on OpenSea by DFGrotjohann.  → Read more at einnews.com
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Weekly World Numismatic News for October 31, 2021

Today marks the 16th Anniversary of the Coin Collectors Blog. When I started this blog, I did not know if I had enough to write about. But numismatics has had many twists and turns over the years to keep the hobby interesting. As long as there is something to write about and you are willing to read it, I will keep going. Here’s to the last 16 years and more fun in the future. Thank you for being a loyal reader!

Collectors are reporting that they received their orders of 2021 Morgan and Peace Dollars. Deliveries have come in waves where some have received multiple packages over two weeks.

A few collectors have noticed differences in the finish between different coins. A local collector showed me the difference between a Morgan Dollar with the CC privy mark and a 2021-S coin. The coin struck in San Francisco had a cloudier look. The Philadelphia Mint struck the Morgan Dollars with the privy marks.

A Canadian friend reported receiving colored Bluenose 10-cent coins in change. There is a general consensus that Canadians love the coins. One story included a cashier who was excited to open a roll of the new coins and took joy in giving them out.

Someone I know who is a member of the U.S. military had his post changed to the Pacific. As part of his tour, he went to Australia, where he discovered the alphabet coins. The Royal Australian Mint created 26 new designs with reverses featuring something Australian for each letter of the alphabet. The program, dubbed The Great Australian Coin Hunt 2, follows the 2019 program.

He was so impressed with the coins that He mailed a set of the 2019 and 2021 coins home for his children. When I told him that the Royal Mint released a similar set in the U.K., he said he might try for a tour in the North Atlantic to pick up a set.

There are a lot of interesting world coins to explore. Collectors may want to branch outside the U.S. and start a new collection.

And now the news…

 October 26, 2021
A family in Michigan found an old ammunition round in there house that was filled with coins and bills decades ago. MSP First District A Michigan family made a bombshell discovery this weekend when they discovered a non-live WWI-era ammunition round was filled with treasure.  → Read more at nypost.com

 October 30, 2021
0:00 0:03:24 A rare piece of metal money made in the 1600s in the New England area of the U.S. could be sold for $300,000.  → Read more at learningenglish.voanews.com

 October 30, 2021
Prisoners at historic Port Arthur were not allowed to carry money. So how did a pile of silver shillings worth about a week's salary for one of the penal colony's overseers end up buried beneath the convicts' workshop?  → Read more at abc.net.au

 October 30, 2021
More than 6,000 silver coins from the late Middle Ages were discovered during a renovation project on a farm in the village of Rainbach, Upper Austria. The silver coins, which were handed over to the OÖ Lande-Kultur GmbH museum in Upper Austria, also known as Linz Schlossmuseum, “were wrapped in fabric and kept in a clay lidded pot,” the museum said.  → Read more at klewtv.com
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Weekly World Numismatic News for October 17, 2021

One of the reasons for the delay with the Weekly World Numismatic News is that I have been looking into a report of worldwide e-commerce issues under the radar.

After ordering a box of flips and other storage products from a small company, a representative called to say that the transaction did not go through. According to the representative, overseas attackers are trying to hack shopping cart sites to steal merchandise and credit card information. Rather than attacking the entire site, the hackers are targeting individual shops. They are looking for sites that are not configured correctly.

During the telephone call, the representative said they turned off credit card verification and the system “throws the credit card away.” I know this vendor, but I am still not comfortable.

E-commerce is supposed to make purchasing goods and services more accessible. But when hackers are driving vendors to verify credit cards by telephone, it is not making e-commerce easy. Thankfully, I received an announcement for local shows. Maybe it’s time to spend money there.

By the way, a source told me that the Baltimore Convention Centre would be open when the Whitman Expo is scheduled in November.

And now the news…

 October 8, 2021
Subscribe now! EUREKA — Walker Hilbert sat on the ground one recent Saturday, next to a small mound of dirt. He waved a wand above the soil, and the device chirped encouragingly.  → Read more at stltoday.com

 October 14, 2021
King County sheriff warns of counterfeit bills FALL CITY, Wash. — A Fall City grocery store fell victim to a man using a counterfeit $100 bill Tuesday, according to the King County Sheriff’s Office.  → Read more at kiro7.com
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 ANA College Scholarship Renamed (Oct 14, 2021)

 

Weekly World Numismatic News for October 10, 2021

The weekly numismatic news report is late for the same reason the U.S. Mint cannot run an ordering system. It seems that the dangers to online systems are growing.

Every week, I am receiving reports from collectors being scammed by Chinese counterfeiters. People are providing pointers to websites and other sellers that are pushing counterfeit coins. The most common coin is the American Silver Eagle.

Last week, the parent company of HiBid, one of the largest online auction platform after eBay, was struck with a ransomeware attack. HiBid was taken down Thursday, September 30 through Monday, October 4. To add insult to injury, HiBid crashed again on Sunday, October 10 because bidders overloaded their systems.

As I am looking for new business opportunities, several eBay sellers are also looking for alternate selling venues. They are complaining about how eBay has handled the conversion to charging sales tax collection. New programs do not include the small sellers. Although eBay has always preferred high-volume sellers, now they are adding programs to benefit those that sell high-value items. And some sellers are reporting driven crazy by eBay’s new payment system.

With all this happening, then how does one buy online? I have been buying from eBay. It has been a convenient way to find interesting out-of-print numismatic books and tokens from New York. My other buying venues have been the U.S. Mint, the Royal Mint, and Apmex.

Maybe it’s time to look for other purchase venues.

 October 5, 2021
Two men have denied charges relating to a Viking hoard of historically important coins and silver worth almost £1m. Roger Pilling, 73, and Craig Best, 44, appeared before Durham Crown Court to plead not guilty to all charges.  → Read more at news.sky.com

 October 5, 2021
Over 600 coins unearthed in a field in western Zealand will initially go on display at Sorø Museum before moving to the capital It has emerged that a significant silver coin treasure from the late Viking Age has been discovered in Denmark.   → Read more at cphpost.dk

 October 6, 2021
A pensioner's secret stash of rare coins has sold for a staggering £185,000 at auction – well over double the estimate. John Cross, 72, from Canterbury, died with few knowing of his extraordinary collection, which has been described by experts as among the most important of its kind outside any UK museum.  → Read more at kentonline.co.uk
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Weekly World Numismatic News for October 3, 2021

The Sun is searching eBay for interesting coins and hyping the prices as part of their U.S. Edition (Image courtesy of The U.S. Sun)

While perusing the news across the Internet, I noticed that The Sun, the British tabloid with a mix of interesting news and other cultural stories, has launched a version for the United States. The Sun also has an assignment editor responsible for hyping sales U.S. coins on eBay.

In the U.K. version of The Sun, someone watches eBay auctions and writes about whatever sells for more than face value. There are many stories about the extraordinary prices for the sale of 50 pence circulating commemoratives, error coins, and some demonetized the Royal Mint issues.

Now that The Sun is publishing for the United States market, an editor is watching eBay for the sale of U.S. coins. Although most of the stories have been about error coins, they have picked up on higher prices of classic coins. Almost all of their stories have been about what appears to be well-preserved ungraded coins. These are the type of coins that someone might find in a relative’s draw.

These columns have a lot of fans in the United Kingdom. It will be interesting to see if they catch on in the United States.

And now the news…

 September 27, 2021
Freedivers in Spain notified the authorities after finding a handful of gold coins dating to the fall of the Western Roman Empire (Image credit: Xàbia City Council; University of Alicante )  → Read more at livescience.com

 September 28, 2021
Research commissioned by the South African Reserve Bank (SARB) shows that there is an economic case for introducing a R10 coin in South Africa – however, there are concerns about uptake from the public, says Pradeep Maharaj, the central bank’s chief operating officer.  → Read more at businesstech.co.za

 September 29, 2021
FacebookTwitterWhatsAppEmailPrintFriendly A commemorative $1 coin issued by the Royal Canadian Mint marks the 125th anniversary of the discovery of gold in the Klondike region of Yukon.  → Read more at rcinet.ca

 October 2, 2021
The story of how a poor Irish migrant from Donegal became the face of American’s ten-dollar gold coin has been made into a documentary. Mary Cunningham, a native of Carrick, was working in a restaurant in New Hampshire when she caught the eye of the famous sculptor Augustus Saint-Gaudens.  → Read more at irishcentral.com

 October 3, 2021
MANILA – The Bangko Sentral ng Pilipinas (BSP) on Sunday called for a law against hoarding of extremely large volume of coins after some P50 million worth of loose change were found in Quezon City last week.  → Read more at news.abs-cbn.com
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Weekly World Numismatic News for September 26, 2021

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

The news of the week came on a Friday night news dump by the Treasury Department, announcing that David J. Ryder will resign as U.S. Mint Director as of September 30, 2021. Alison Doone will become the U.S. Mint’s Acting Director.

Ryder served as the 34th and 39th Director after being appointed by two different administrations. Ryder came into this term touting his work with physical money security. During his confirmation hearing, Ryder said he worked for Secure Products, a company focused on developing anti-counterfeiting solutions for currency and branded products. Ryder also testified that he was involved in developing the Royal Mint’s new 12-sided one-pound coin.

The U.S. Mint claims security measures built into the new American Silver and Gold Eagle coins. However, there do not seem to be breakthroughs similar to those used by the Royal Mint and Canadian Royal Mint on their bullion products.

Ryder may want his legacy to be introducing new products, but the public will remember the colossal failure of the U.S. Mint’s e-commerce system. As Director, he was supposed to oversee the entire operation and not just one aspect. Those failures will weigh on his legacy.

Alison Doone is a career civil servant who entered the Senior Executive Service (SES) in 2004. After working at several other agencies, Doone served as the Mint’s Chief Administrative Officer since March 2021.

The Federal Vacancies Reform Act of 1998 requires the president to send a nomination to the Senate within 90 days to fill a vacant position. During that time, an acting director can serve in that role for only 180 days. As we saw in the 2,629 days (7 years, 2 months, and 13 days) between the resignation of Edmund Moy and the confirmation of David Ryder, the government has ways to get around the law to maintain operational consistency.

And now the news…

 September 17, 2021
If artifacts could talk, we’d love to hear this one’s tale.  This pierced German coin from the 17th century was recovered during a systematic excavation at the Jacob Jackson Home Site, part of Harriet Tubman Underground Railroad National Historical Park (HATU).   → Read more at nmscarcheologylab.wordpress.com

 September 17, 2021
Readers of a certain age will remember the florin, or flóirín as it was in Irish. Those of an uncertain age will even recall when it was Ireland’s two-shilling coin, complete with the leaping salmon of Percy Metcalfe’s classic 1928 design.   → Read more at irishtimes.com

 September 22, 2021
The coin, known as the Triple Unite, was minted in Oxford in 1643 during the English Civil War and had the value of 60 shillings, or three pounds.  → Read more at bbc.com

 September 23, 2021
LAKE MARY, Fla. – A Florida teenager recently made a spectacular find while on an ocean dive: a rare gold coin believed to be from the 1715 Spanish Treasure Fleet.  → Read more at fox35orlando.com

 September 24, 2021
(CNN) — Two amateur free divers have found one of the largest collections of Roman coins in Europe off the east coast of Spain. Luis Lens and César Gimeno were diving off the island of Portitxol in Xàbia on August 24 when they found eight coins, before further dives by archaeologists returned another 45 coins, according to a press release from the University of Alicante on Tuesday.  → Read more at edition.cnn.com
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 New Name for ANA Accolade (Sep 21, 2021)

 

Weekly World Numismatic News for September 20, 2021

Yes, I’m a day late. At least I’m not a dollar short!

It is not a surprise to economic and market watchers that there is a perceived coin shortage. The problem is not just in the United States, but worldwide central banks are trying to fix their circulation issues.

Over the last three months, the Reserve Bank of India (RBI) has been trying different tactics to get money to circulate. In addition to striking more coins, they promote new designs and a program for citizens to redeem old coins for the newly issued coins. It has a moderating effect on the COVID crisis at high levels in the country.

India has also been dealing with rumors one type of circulating coin has been counterfeited or been withdrawn and not legal tender. However, the RBI has insisted that the coins are legal tender but continue to promote them with the redesign.

The Royal Mint has stepped up the production of 1 penny coin for circulation. Physical money is used more in the UK than electronic transactions, especially outside of the cities. Although some feel the penny has been overproduced and would rather see the 2 pence coin used, the increase in the number of transactions since the lifting of COVID restrictions created the demand.

The United States continues to see shortages. Most of the reports are coming from outside of the major metropolitan areas. Most are looking for one-cent coins. Experts are blaming accelerated consumer spending in areas where cash payments are more prevalent. More populated urban regions are seeing more electronic transactions than cash.

Let’s keep the economy moving. Spend those coins! (not the ones you collect)

And now the news…

 September 14, 2021
Bankers thought the nationwide coin shortage was over, as the U.S. economy reopened and previously housebound consumers were able to unload more of their change. But a combination of factors — including government stimulus payments, accelerated consumer spending and the threat of the COVID-19 delta variant — has stymied progress and forced retailers to resort again to asking shoppers for exact change.  → Read more at americanbanker.com

 September 14, 2021
Croatian National Bank (HNB) Governor Boris Vujčić said on Monday after meeting with European Commission Vice President Valdis Dombrovskis that a test production of euro coins with Croatian national motifs should begin by the end of this year, with possibly about two million coins being minted.  → Read more at croatiaweek.com

 September 15, 2021
LAS CRUCES – The Las Cruces Police Department received two reports of movie prop money that was passed as legal tender over the weekend, a news release on Monday stated. In the news release police stated movie prop money can look like actual currency but, in most instances, does not have the same texture.  → Read more at lcsun-news.com

 September 15, 2021
A very rare large gold coin from the reign of Charles I is expected to fetch £50,000 when it is sold at auction.  → Read more at newschainonline.com

 September 15, 2021
A huge hoard of Iron Age gold artifacts has been uncovered by an amateur metal detectorist in Denmark. The "enormous" find consists of almost one kilogram (2.2 pounds) of gold buried 1,500 years ago, according to a press release from the Vejlemuseerne museum, which will exhibit the hoard.  → Read more at cnn.com

 September 16, 2021
One penny coins were back in production last year after none were minted for general circulation in the previous two years, Royal Mint figures show.  → Read more at bbc.com
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