Weekly World Numismatic News for November 11, 2018 — Armistice Day Edition

2018 World War I Centennial Silver Dollar

To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations.
—U.S. President Woodrow Wilson proclaiming November 11, 1919 the national holiday Armistice Day
To all that have served…
To all that have given the ultimate sacrifice…
To the families of these honored service members…
THANK YOU!

And now the news…

 November 5, 2018

On Thursday, 8 November, Latvijas Banka will be issuing a new gold collector coin named "Gold Brooches. The Bubble Fibula" with a face value of 75 euros but which will actually cost you 560 euros. The coin replicating a "bubble fibula" (of which more below) is the last one in the series of euro gold collector coins dedicated to Latvia's centenary.  → Read more at eng.lsm.lv


 November 6, 2018

A collection of three 50p coins were released by the Royal Mint on November 5, including a 22 carat Gold Proof coin, a Silver Proof coin and another Brilliant Uncirculated silver coin.  → Read more at thisismoney.co.uk


 November 6, 2018

OSAKA — A ceremony marking the first minting of special 10,000 yen gold and 500 yen bronze coins commemorating the 30th anniversary of Emperor Akihit  → Read more at mainichi.jp


 November 8, 2018

The White House clearly did not employ the services of a copy editor before releasing commemorative coins from Donald Trump’s summit with Russian President Vladimir Putin in Helsinki, which contain no less than three typos.  → Read more at rt.com


 November 8, 2018

THE Royal Mint has released a special Remembrance Day commemorative £5 coin featuring a colourful red poppy design. The mint releases a new coin every year to remember all those who have fought for this country at war and this year is no different.  → Read more at thesun.co.uk


 November 9, 2018

Israeli guards at the Erez Crossing on the Israel-Gaza border this week apparently foiled an attempt to smuggle out two ancient coins from the period of Alexander the Great out of the coastal enclave, Israeli officials said Friday.  → Read more at timesofisrael.com

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Weekly World Numismatic Newsletter for November 4, 2018

What happens when a policy that was supported by a popular vote becomes less popular? You get the situation that the British government faces as Brexit inches closer to its March 2019 execution.

On June 23, 2016, the people of the United Kingdom held a referendum as to whether the country should leave the European Union. The vote and process has been called “Brexit,” a portmanteau of the term “Britain Exit,” as in should Britain exit the E.U.?

Brexit won by a very slim margin.

Chard, a UK coin dealer, created a copper and bronze Brexit medal for the “undecided voters” to flip on election day. They are still available on Chard’s website.

As a result of the Brexit vote, the British Parliament voted to complete the Brexit process in March 2019 and the Prime Minister resigned. PM David Cameron was against Brexit and felt that someone else should lead the government who favored the process. Theresa May was selected to be Britain’s second female Prime Minister and will lead the country through Brexit.

However, polls in Britain show that Brexit is no longer as popular as it was in 2016. These polls were taken following the announcement that the Royal Mint mint will be producing a 50-pence coin commemorating Brexit next March.

Although the coin has yet to be designed, the British tabloids, especially those who have soured on Brexit, have been running editorials with anti-Brexit mockups. With these mock-ups frequently appearing in Britain’s newspapers, polls are showing that the pre-Brexit election support of nearly 49-percent has eroded to 37-percent.

Opinions on the concept of a Brexit coin are almost evenly split with 37-percent in favor of the coin, 34-percent against, and 29-percent with no comment or opinion.

In the United States, the only way to raise public passion about a coin is for it to have an error, such as the “Godless Dollars” for coins missing their edge lettering and the motto “In God We Trust.” Otherwise, only we numismatists care.

At least the Brits are paying attention!

And now the news…

 October 30, 2018

View photosMore A special 50p is just one of the many changes Britain’s departure from the UK will bring. The commemorative coin, which is expected to carry the words “Friendship With All Nations” will be available from March 29 – the day the UK leaves the EU.  → Read more at finance.yahoo.com


 October 30, 2018

New collectors' coins commemorating statesman Ignacy Jan Paderewski are to be released on Tuesday, in a year in which Poland marks its independence centenary. Paderewski's is the fourth coin in a series issued by the National Bank of Poland.  → Read more at thenews.pl


 October 31, 2018

“II am visiting this gallery for the second time in a month,” says Ayushi, a New Delhi-based history honours student. “The glimpse into the past is so fascinating that I have brought along my friends to have a first-hand experience of the remarkable collection of Indian currency,” she adds.  → Read more at gulfnews.com


 November 1, 2018

The Royal Australian Mint wants you to be on the lookout for $1 coins specially marked with A, U or S.  → Read more at abc.net.au


 November 2, 2018

Increased gold buying by consumers and central banks pushed overall demand for the yellow metal up slightly in the third quarter, according to the World Gold Council's Gold Demand Trends 2018 Report.  → Read more at seekingalpha.com

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Weekly World Numismatic Newsletter for October 28, 2018

An old bridge (left) and coins from the 18th century (right) were discovered in the low waters of the Danube River near Budapest (Image courtesy of euronews)

One of the articles found in this week’s search for numismatic-related news is both tragic and interesting. The tragedy is that the changing climate that has brought about worldwide weather swings has caused a drought so bad that the Danube River is at its lowest levels in recorded history.

The Danube River is Europe’s second longest river. It runs from southern Donaueschingen, Germany, stretches across Europe to the Black Sea in Sulina, Romania. In ancient times, it was the border of the Roman Empire. Later, the border and the source of conflicts between the Ottoman Empire and the Kingdom of Hungary and the Austrian Habsburgs.

Today, the Danube supplies water to millions of Europeans who work together on its preservation. It is also a source for ships commercial and passenger ships traveling through Europe. Levels are so low that shipping companies have cut back on their trips and travel advisories have been issued for tourists.

The Danube River Basin (Image courtesy of Wikipedia)

Outside of Budapest, over 2,000 silver and gold coins were found in 38 centimeters (almost 15-inches) of water. Archeologists who were called to recover the coins also found weapons, cannonballs, and other items that were said to be from a ship that sunk on the river in the 18th century.

During the 18th century, most of the area we know as Hungary today was occupied by the Ottoman Empire. Early in the 18th century, the empire instituted educational and technical reforms to strengthen their hold on their empire. In 1768, when Russian-back Ukrainian tribes entered Ottoman territory looking for confederates, the incursion provoked the Russo-Turkish War.

Over the last week, scientists have been working around the cycle of the tides to excavate the site to learn more about the ship that sank, including trying to determine why it sank. One working theory was that it was carrying supplies during the Russo-Turkish War.

Dating the wreckage using the coins may not be easy. At the time the Empire existed, coins were dated when the dies were made. Usually, dies were used until they wore out even if the coin represents the previous emperor. It could be several years before dies were made honoring the current ruler.

Beginning in the 16th century, the Ottoman mints were using screw-presses to create consistent-looking coinage. The empire of that period was always looking for the best technology to upgrade their lives and to set them apart from others. Screw presses were used for everything from minting coins to creating military medals. For the Ottoman’s, the mass production of military medals was important for the morale of the army that they put to ample use.

Although no timeline has been announced as to when scientists think they will complete their study of the artifacts, it will be an interesting view into a time at the height of the Ottoman Empire.

And now the news…

 October 22, 2018

Kitco News talks with some of the most influential gold market analysts, economists, investors and mining CEOS to get their take on the industry and financial markets and the global economy  → Read more at kitco.com


 October 22, 2018

Roving exhibitions have been organized in a number of primary and intermediate boys’ and girls’ schools in various regions of the Kingdom to raise awareness among students about coins and urge them to use coins in their daily dealings. The caravan started its journey this month from Riyadh.  → Read more at saudigazette.com.sa


 October 24, 2018

Nevada Day revelers can own a piece of the state’s history — and also watch it be made — as part of a special run of the coin press at he Nevada State Museum in Carson City.  → Read more at carsonnow.org


 October 24, 2018

Two Swedish schoolchildren unearthed a 17th century coin while playing in a sandpit – and they have now been told they can keep the find.  → Read more at thelocal.se


 October 25, 2018

Aa Aa Record low water levels in the Danube have uncovered parts of an old Budapest bridge blown up by the Nazis in the final months of World War II. Pictures have emerged of the structure — which linked the districts of Buda and Pest in the Hungarian capital — just under the surface of the water.  → Read more at euronews.com


 October 26, 2018

Just in time for Halloween, the Central Bank has launched a commemorative €15 Bram Stoker Dracula collector coin. The silver proof coin commemorates the life of the Dublin-born author and his famous novel Dracula, which was published in 1897 and became world-renowned after an American film adaptation starring Bela Lugosi opened in 1931.  → Read more at irishtimes.com


 October 27, 2018

ART ON COINS — INDIA AND THE WORLD Mauryan axes, faces of Satavahana kings, a lion from Alexander’s army — at an exhibition of ancient coins found on the subcontinent , money talks. It tells stories of war, peace, power and disappointment.  → Read more at hindustantimes.com


 October 28, 2018

“On ANZAC Day this year I got to wear both of my medals in civilian dress and someone came up and said ”oh, you’ve got your medals on the wrong side love’, or ”whose medals are they’ — and you just have to say ”they’re mine — why wouldn’t they be?  → Read more at news.com.au

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Weekly World Numismatic News for October 21, 2018

Maryland Estate TreasuresFor the last few weeks, a few have noticed that there has been a slowdown in my postings. Several have written during the last week-or-so asking if I was doing well and whether I have abandoned the blog.

To those who have written, thank you for your concern. Following a bought with a sinus infection, I am doing well. But that was not why posting has slowed.

I mentioned that I started a business working with collectibles and estates. From a 4,000 square foot warehouse with a 400 square foot showroom, my staff and I are working with a diverse crowd interested in all sorts of items from memories in vinyl records to vintage comic books. We are also working with estates and downsizers to help sell off assets via private branding online auctions.

When I started, I thought the business would be a good idea. It would fill a niche that does not exist in this area of Maryland. When I opened the doors at my 4,000 square foot space, I told my wife that the place is so big that it may take more than a year to fill the space.

I opened the doors at the end of June without advertising. I thought I would begin with organic growth while completing the setup. The advertising campaign began in August. By mid-September, I had a client list that created more demand for our services than I can serve from the 4,000 sq ft warehouse. In October, we are generating revenue that I originally projected would have occurred six months from now.

I knew I had a good idea but I did not know this business would take off as fast as it is!

For now, I am working seven days a week and late into the evening. Although I try to take Sunday off, I have to work today. But I do not mind. I am having fun.

I am meeting new people and allowing myself to enjoy this process. And it allows me to do practice what I preach… I may be the boss but my employees have a say in how things are done. They are encouraged to tell me when I do something wrong, offer suggestions, and make some decisions on their own. My assistant allowed some unusual consignments that later turned into quick and profitable resales. She’s good!

As for the Coin Collectors Blog, I am still posting stories to social media and collecting the best ones for this weekly post. I do have a number of posts I started but never finished that I will get to shortly—including my thoughts on the Apollo 11 Commemorative coin design. I just need to complete the priority tasks for the next few days then I will be back.

Stay tuned!

And now the news…

 October 15, 2018

A commemorative series of £5 coins has been released to mark the Prince of Wales' birthday. It features an engraved portrait of Prince Charles, who turns 70 on 14 November. The Royal Mint, based in Llantrisant, Rhondda Cynon Taff, also struck coins for his 50th and 60th birthdays.  → Read more at bbc.com


 October 15, 2018

A $1 coin has caused a storm on social media after its owner spotted an odd feature, but there is a simple explanation to this ”˜time-travelling’ coin. The heads side of the coin is marked with the year 2019.  → Read more at finance.nine.com.au


 October 16, 2018

In less than a month, many nations around the world will mark a momentous date. This year, November 11th will be the 100th anniversary of the Armistice to end the horrific tragedy of the First World War.  → Read more at rcinet.ca


 October 16, 2018

One of the very first pennies produced in the U.S., estimated to be worth $1 million, will be auctioned in Baltimore next week. The 1792 Birch Cent will be auctioned by Stack’s Bowers Galleries at the Whitman Expo in Baltimore on Oct.  → Read more at foxnews.com


 October 17, 2018

A mind-blowing coin with a nifty hidden mechanic is wowing the internet. The object in question was made by Roman Booteen, an Instagram artist who creates intricate carvings on Zippo lighters and coins.  → Read more at mashable.com


 October 17, 2018

German prosecutors have indicted four young men over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum. The "Big Maple Leaf" coin, worth several million dollars, was stolen from the Bode Museum in March 2017.  → Read more at miamiherald.com


 October 18, 2018

“The most wonderful time of the year” is quickly approaching, and you know what that means. Parties, potlucks and…plenty of time to show off your beloved bullion coins, collectors coins…  → Read more at invest.usgoldbureau.com

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Weekly World Numismatic News for October 14, 2018

Craig Cline of Fargo speaks with WDAY (screen grab from WDAY)

There are people with more time an patience who are able to go into the fields and forests with a metal detector to find relics of the past. Here, in the original 13 colonies, it is common for detectorists ton find Civil War-era bullets or Revolutionary-era uniform buttons. Some find coins. Usually, it is easier to find copper coins, especially the U.S. large cents that were heavily used on the east coast.

This week’s story takes us to the Red River Valley outside of Fargo, North Dakota where a hobbyist finds an 18th century silver Spanish Real under a tree.

The Red River is a north-flowing river that begins at the confluence of the Bois de Sioux and Otter Tail rivers, on the border of Wahpeton, North Dakota and Breckenridge, Minnesota. At its northernmost point, it empties into the Lake Winnipeg in Canada.

Finding anything buried in the ground that is pre-Revolutionary War period would be a fantastic fine. But the finder of this Spanish Real coin believes it was either pocket change or money used to bargain with the Native Americans.

The land where my house stands was once farmland prior to homes being built. There are records of soldiers being quartered in this area. I wonder if there are relics waiting for be found.

And now the news…

 October 11, 2018

The US Mint unveils a coin designed to mark the 50th anniversary of NASA's Apollo 11 mission in 2019.  → Read more at cnet.com


 October 12, 2018

FARGO—Craig Cline of Fargo has done his share of treasure hunting. The carpenter-handyman and his metal detector have searched Fargo-Moorhead parks and fields looking for that one rare part of our past. Well, he found it.  → Read more at inforum.com


 October 14, 2018

Farmers in northwest Poland have unearthed silver coins, including rare Arabic dirhams, along with a slew of other artifacts, Britain’s The Daily Mail reported. Farmers in the region have been ploughing along a sloped field for decades. More than 300  → Read more at aawsat.com


 October 14, 2018

The U.S. Mint has taken "one small step" towards the striking of new coins to mark the 50th anniversary of the first moon landing with the reveal of the design for its 2019 commemoratives. The gold, silver and clad coins will feature an astronaut’s boot p  → Read more at space.com

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Weekly World Numismatic News for October 7, 2018

Couple’s two-year-old shreds over $1,000 in cash! (Photo courtesy of KSL-TV by Tanner Siegworth)

The story of the week has to have come from Hollady, Utah where a couple’s two-year-old son shredded more than $1,000 in cash.

In a case where real-life intersects with “oh my gosh,” the toddler took an envelope of cash and passed it through the shredder. All the child knew is that mommy was passing paper through the shredder, it made a cool noise, and created small pieces. What the child did not understand was that mommy was shredding junk mail (a good idea) and he did not know the difference between junk mail and paper money.

The money was to be used to pay the husband’s parents back for season tickets to the Univerity of Utah football games. The Utah Utes are currently 3-2, 1-2 in Pac-12 play after defeating Stanford 40-21 in Palo Alto.

All is not lost for the family. The Bureau of Engraving and Printing has a Mutilated Currency Redemption program. It is a free service that the family can use to recover from this incident.

According to the BEP, the programs handles approximately 30,000 claims each year and recovers over $30 million in cash. But the process can take time. With the limited resources that the BEP has to work with and the time it would take for the BEP’s team to reconstruct the shredded notes, the family may have to wait at least two years.

They do not call it the “terrible twos” for nothing. Next time the family may either want to hide the cash in safer location or write a check. A check can be rewritten more quickly than sending the money to the Mutilated Currency Redemption program.

And now the news…

 October 2, 2018

The Australian Royal Mint has issued AC/DC 50 cents, $1 and $5 coins to celebrate the band’s 45th anniversary. The band was formed in November 1973 by Malcolm and Angus Young in Sydney. The original lineup included bassist Larry Van Kriedt, vocalist Dave Evans, and one-time Masters Apprentices member Colin Burgess on drums.  → Read more at themusicnetwork.com


 October 2, 2018

If you have a social media account like Instagram, chances are you would have been offered up to US$10,000 (RM41,400) for old notes and coins by collectors. Does it sound too good to be true? The Royal Malaysia Police (PDRM) says it is and warns that you may end up losing your money as it could be another scam.  → Read more at thestar.com.my


 October 2, 2018

The story of Armistice Day. Credits: Images courtesy of Alexander Turnbull Library, Wairarapa Archive, Palmerston North Libraries, Archives New Zealand and the Auckland War Memorial Museum. From this month you may find a colourful new coin in your change.  → Read more at newshub.co.nz


 October 3, 2018

The owner of a Vancouver coin shop allegedly defrauded customers out of $1.3 million, according to a federal indictment announced Wednesday. Blue Moon Coins owner Aaron Michael Scott, 40, of Portland was indicted by a grand jury on 11 counts of wire fraud and five counts of mail fraud, according to a statement released by U.S.  → Read more at columbian.com


 October 3, 2018

"The products in our R+D Lab Collection are tried, tested and true examples of forward-thinking technology that could re-define the future of domestic and foreign coins," said Dr. Xianyao Li, Chief Technology Officer at the Royal Canadian Mint.  → Read more at prnewswire.com


 October 4, 2018

The Japanese love their cash. Cash as in physical notes and coins. Not the electronic variety that floats around in cyberspace instead of bouncing about in purses and pockets. Surveys show that we are totally behind the times in our attachment to the ¥10,000 and ¥1,000 notes and the way…  → Read more at japantoday.com


 October 5, 2018

A Holladay family is figuring out how to replace more than $1,000 in cash that their 2-year-old son sent through the shredder.  → Read more at ksl.com

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Weekly World Numismatic News for September 30, 2018

2014 £2 coin commemorating the 100 year anniversary of the start of World War I is one of the coins the British tabloids watch.

Since the Bank of England transitioned from the old round pound to the new 12-sided pound coin, the British tabloids have been watching the online auctions, primarily eBay, to sensationalize the price of coins being bought-and-sold by collectors.

Most of the coins were circulating commemorative 50 pence, one and two-pound coins ranging from the coin commemorating the end of slavery in England to Peter Rabbit commemorating the work of Beatrix Potter.

While searching the internet for numismatic-related news, there is at least one tabloid writing about yet another find and how someone sold it for thousands of pounds on eBay. After tweeting one of those stories, a British collector responded and we had an email conversation about the stories.

According to my correspondent, it seems that the tabloids are making more out of the story than necessary. Using the information from my correspondent, I began to watch the eBay UK auction results.

Although it is true that some of these coins are selling for hundreds and even thousands of pounds, most of the buyers are not from the UK. According to one eBay seller, most of his buyers were from the Middle East and Southeast Asia.

Another seller said that finding one in pocket change, as suggested by the tabloid, is not going to make anyone rich. The coins that are selling at high multiples are uncirculated coins pulled from rolls they purchased from the Royal Mint.

Not all of the coins are selling at high prices. One seller said that he sold most of a roll to people from the European Union for a few euros plus shipping. While they are making money, they are not getting rich as suggested by the tabloids.

The tabloids have been helpful in raising awareness for some of these coins. In the past, one person said she would buy three or four rolls of the 50 pence coins and would sell them over time. She had rolls at least five years old before it became a topic in the tabloids.

Coin roll hunting became instantly popular throughout the UK. Some banks report that there is a higher demand for rolls of 50p coins than usual. The demands coincide with the report of another coin being sold for thousands of pounds on eBay.

If there is good news in this, the UK error collectors are finding fresh material. With so many people looking closely at the coins they receive in change and from the bank, more errors are appearing in the collector market. But the increased supply without a similar increase in demand has kept the prices down. Error collectors are afraid that once people realize that this is not a credible get-rich-quick scheme, the number of people looking for errors will diminish.

And now the news…

 September 23, 2018

Bangladesh Bank established the museum, the first of its kind in the country, beside the Bangladesh Bank Training Academy with a collection of over three thousand coins and currency notes  → Read more at dhakatribune.com


 September 24, 2018

Sofia, Bulgaria –  → Read more at euscoop.com


 September 27, 2018

It’s a hobby for Garrison Garrow, and his efforts are renowned.Garrow, of Akwesasne, designed the new Royal Canadian Mint collector coin ($30), which was unveiled recently at McGill Universit…  → Read more at standard-freeholder.com


 September 28, 2018

The Bulgarian National Bank has issued (17th September) the fifth entry in a series of coins entitled “Medieval Bulgarian Rulers,” which has been issued intermittently since 2011. The latest coin features the Bulgarian ruler Ivan Asen II (circa.  → Read more at novinite.com

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Weekly World Numismatic News for September 23, 2018

David Hall
(PCGS Image downloaded from the Internet Archive)

Although this weekly posting tries to cover the news that does not appear in the numismatic media, this week there has to be something said about a bombshell reported by Coin World.

In a surprise announcement, Collector’s Universe, Inc. (NASDAQ: CLCT) announced the termination of David Hall as president and CEO as of September 18. No reason was given for his termination.

Hall remains on the Collector’s Universe board of directors.

Hall was one of seven co-founders of Professional Coin Grading Service in 1985. In 1999, PCGS expanded to Collector’s Universe to provide grading and authentication services to other collectibles. Professional Sports Authentication and PSA/DNA are considered the gold standard in the sports collectible industry. He has held several leadership roles in PCGS and Collector’s Universe over the years.

When contacted by Coin World, Hall did not provide additional details.

In the article, it said that Hall plans to remain prominent in the industry and will be more active with David Hall Rare Coins, a firm he founded in the 1970s.

We here at the Coin Collectors Blog wish Hall well as he begins the next phase of his professional life.

And now the news…

 September 17, 2018

Rock musician Rory Gallagher represented the “very best aspirations of our republic”, President Michael D Higgins has said. Mr Higgins was presented with a €15 commemorative coin featuring an image of the late guitarist who died in 1995, aged just 47.  → Read more at irishtimes.com


 September 17, 2018

THE Royal Mint is selling a GOLD Kew Gardens 50p coin which could be worth up to £800. Only 1,000 of these rare coins were made and only 629 of them were actually bought by the public, making them even more valuable to collectors.  → Read more at thesun.co.uk


 September 17, 2018

Law enforcement officers are urging the public to be on the lookout for scam artists trying to sell fake coins in the Cameron, Missouri, area. The DeKalb County Sheriff's Office issued an alert showing plastic sleeves of old coins that were passed off as valuable silver to one business.  → Read more at newspressnow.com


 September 22, 2018

The Royal Mint has increased its production of collectible coins in an attempt to appeal to a wider market as the use of cash declines across the country.  → Read more at telegraph.co.uk

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Weekly World Numismatic News for September 16, 2018

Before E-ZPass, I used to buy discount rolls of tokens to cross the bridges in New York City.

Even though coins and currency make up most of the transactions in the United State, one area that is being affected by the digital economy is in the area of toll collecting. This week the New Jersey Turnpike Authority announced that they will begin to remove coin machines in mainline toll plazas on the Garden State Parkway.

Rather than the coin machines, the lanes will be converted to “E-ZPass Only” lanes.

Although I am a proponent of cash, E-ZPass has been a blessing when traveling in the northeast. When I started a somewhat regular drive between the D.C. area and northern New Jersey, where my first wife is resting, I applied for the New Jersey E-ZPass. It made driving to the New York area easier by not having to stop for tolls.

Then there were the advances that allowed the New Jersey Turnpike to allow the use of E-ZPass before Maryland finally joined the party. Soon I was able to drive from Maryland to Maine without having to stop and pay a toll.

Long gone were the days where I planned a trip with a pocket full of quarters. Or when I was commuting to New Jersey from New York, buying a $20 roll of ten Triborough Bridge and Tunnel Authority tokens to cross the Verrazano-Narrows Bridge from Brooklyn to Staten Island. The one-way toll on the Verrazano Bridge was $5.00 or two tokens.

For the return home, there was a discount coupon book I bought every two weeks from the Port Authority to pay for crossing either the Goethals Bridge or the Outerbridge Crossing.

Both bridges provide a toll discount for using E-ZPass. Given the nature of traffic, it is easier to get through the toll plaza with the E-ZPass.

I will continue to use cash more than my credit card but I will not give up my E-ZPass.

And now the news…

 September 8, 2018

Hundreds of ancient Roman gold coins have been discovered on the site of an old theatre in Como in northern Italy, the Ministry of Culture said.  → Read more at thelocal.it


 September 10, 2018

Ultimately a judge did not have to decide which mint was in the right. The case was dismissed after they agreed to a ‘collaborative’ cross-licensing agreement  → Read more at nationalpost.com


 September 12, 2018

Plans to sell them as ‘sacred coins’ to non-resident Telugu society  → Read more at thehindubusinessline.com


 September 14, 2018

Mike Alessia chuckled when he thought about the days before E-Z Pass and paying your way down the Garden State Parkway doubled as a skill sport.  → Read more at pressofatlanticcity.com


 September 15, 2018

Madurai: An ancient coin, dating back to the 14th century was discovered near Palani recently.  → Read more at timesofindia.indiatimes.com


 September 15, 2018

A drop in silver prices this year has attracted investors seeking a bargain, prompting a temporary sellout of the 2018 American Silver Eagle bullion coins at the U.S. Mint this month.  → Read more at marketwatch.com


 September 15, 2018

The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.  → Read more at moneymetals.com

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Weekly World Numismatic News for September 9, 2018

The ‘Discovery’ coin, encrusted with rare pink diamonds, was created by the Perth Mint. (Image courtesy of The Business Times)

One of the news items this week is that the Perth Mint created the “Discovery” coin, a 2-kilogram (4.4 pounds) gold coin with rare pink diamonds that depicts the discovery of Austrailia and the mining culture that grew on the island nation.

Modeled after the Holey Dollar, Australia’s first coin, it features four 1.02 karat pink diamonds mined in Western Australia. The center of the holey coin is included as part of the set. For the record, the coin as a reeded edge.

Perth Mint officials said that the coin, worth A$2.48 million (US$1.76 million), was created to “meet growing demand for high-end collectables from the ultra-rich.” It will be sold at auction with expectations that the buyer will be from Asia or the Middle East.

This is not the first time the Perth Mint has made a gimmick coin. In 2011, they created the Australian Kangaroo One Tonne Gold Coin. The coin was made using one metric tonne (2204.62 pounds) of .9999 fine gold, the coin measured 80 centimeters (31.5 inches) in diameter and 12 cm (4.72 inches) thick. Also with a reeded edge.

What is the point of making a coin like this?

Aside from extracting money from someone whose pocketbook can match his ego, is there a good reason to make these coins?

Of all of the questions as to whether what the U.S. Mint does is good for the hobby, where does this gimmick rank in comparison?

And now the news…

 August 30, 2018

The platinum producers finally appear to be making headway with the SA government on the introduction of a platinum coin judging from recent comments made by Minister of Mineral Resources Gwede Mantashe Mantashe is currently in Perth, Western Australia where he addressed the Africa Down Under conference on August 29.  → Read more at miningmx.com


 September 2, 2018

Finance minister Nhlanhla Nene has published the official designs and specifications for the 2019 Natura coin series. The series will focus on the Cradle of Humankind and features a number of hominid discoveries which were made in South Africa.  → Read more at businesstech.co.za


 September 3, 2018

From today you will be able to pre-order a limited number of the newly minted Armistice Day coin for delivery in October, right in time for Armistice Day. The new coin is a legal tender, coloured, circulating 50c piece.  → Read more at scoop.co.nz


 September 3, 2018

Everyone knows how the old saying about comic book collectors goes: there’s one born every minute! So there should be no shortage of fans intrigued by the latest offering from the Royal Canadian Mint.  → Read more at bleedingcool.com


 September 5, 2018

Sydney AUSTRALIA has minted a gold coin encrusted with rare pink diamonds worth A$2.48 million (S$2.45 million) to meet growing demand for high-end collectables from the ultra-rich. The 2-kg treasure, which depicts a sailing ship, a gold prospector and boab trees found in Western Australia, is considered legal tender and will be sold to the highest bidder.  → Read more at businesstimes.com.sg


 September 5, 2018

Archaeologists in Sweden have discovered a gold ducat from early medieval Venice in Elleholm, a once thriving port that has now entirely disappeared.  → Read more at thelocal.se


 September 6, 2018

While coins may just be cheap change to some people, others like Jack Zillion and Dennis Witter see them worth much more.  → Read more at centralillinoisproud.com


 September 7, 2018

It’s been a busy summer for construction in Dawson City, Yukon — which means it’s also been busy for the territory’s archeologists.  → Read more at cbc.ca


 September 7, 2018

Despite the advent of credit cards, cryptocurrencies and other forms of online money, coins and paper still remain relevant  → Read more at usatoday.com


 September 7, 2018

It clearly communicates the notion that the private sector does the monetary system beautifully  → Read more at forbes.com

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