Weekly World Numismatic News for April 24, 2022

I am sponsoring GOLD memberships for new and renewing memebers of the American Numismatic Association. This is a limited-time offer to celebrate National Coin Week and the 131st anniversary of the American Numismatic Association. The offer expires on April 25, 2022. Call (800) 514-2646 or visit info.money.org/ncw-2022-barman to take advantage of this offer. Be sure to apply code NCW22SB at checkout!

National Coin Week wraps up this weekend, celebrating coin designs. One thing that has been constant throughout the 21st century is changing coin designs. It started with the 50 State Quarters program and has affected every circulating coin except the half-dollar and the dime.

Although the design has lasted more than 25 years, it is not likely that the Treasury Department will change the design. The story of the JFK assassination continues to resonate with a significant sector of the population, and Kennedy’s popularity remains.

Franklin D. Roosevelt’s appearance on the dime is different. Roosevelt helped create the March of Dimes, and following his death, Congress decided that adding his portrait to the dime was the best way to honor the late president. Since its release in 1946, the dime’s design has not changed.

The Roosevelt Dime is the smallest coin produced by the U.S. Mint. Changes to the design may not display as well. When John Sinnock designed the coin’s reverse, the similarity with the Mercury dime was not a coincidence. Aside from the symbolism, the U.S. Mint knows the design will strike well on a small planchet.

While the ability to strike the designs continues to be a concern, modern technology could help produce a suitable design. The problem is, what would make an appropriate design?

Until someone in Congress proposes a bill to change the dime’s design, it will remain the longest-running design on U.S. coins.

And now the news…

 April 17, 2022
“The Romans had been used to extremely fine silver coinage, so they may well have lost confidence in the denarius when it ceased to be pure,” Matthew Ponting, one of the archaeologists involved in the research, said in a media statement.  → Read more at mining.com

 April 17, 2022
An approximate amount of $1 has been received. The U.S. economy is estimated to grow by $5 trillion over the next five years. Coins with physical characteristics. The 11th quarter accounts for about 80% of this value. A billion-dollar note is $100 worth 5 billion. 70 percent of new bills are written to replace older notes as they go out of circulation each year.  → Read more at malaysiandigest.com

 April 18, 2022
Nearly 1,300 priceless 4th-century AD Roman coins, all in a pot, were found in September 2021 near Bubendorf, Basel County, Switzerland by amateur archaeologist volunteer, Daniel Ludin.  → Read more at ancient-origins.net

 April 20, 2022
A family's new truffle-hunting puppy is already worth its weight in gold after digging up 15 sovereign coins worth £6,000 on its first walk.  → Read more at dailymail.co.uk

 April 22, 2022
Out on his daily constitutional, a dog in Poland unexpectedly struck gold, or rather, silver.  → Read more at ancient-origins.net
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Weekly World Numismatic News for April 17, 2022

Welcome to National Coin Week 2022!

I am sponsoring GOLD memberships for new and renewing memebers of the American Numismatic Association. This is a limited-time offer to celebrate National Coin Week and the 131st anniversary of the American Numismatic Association. The offer expires on April 25, 2022. Call (800) 514-2646 or visit info.money.org/ncw-2022-barman to take advantage of this offer. Be sure to apply code NCW22SB at checkout!

For the next week, the theme of National Coin Week is Dynamic Designs, Artistic Masterpieces celebrating the designs on coins. I cannot think of any numismatic topic that will lead to a more heated discussion than coin designs. Whether it is about the design selected for a quarter, commemorative coin, or classic versus modern designs, coin designs can be a polarizing topic. Even the topic of colorization has caused some to have a visceral reaction.

This week, I will be celebrating coin designs. During the week, I will celebrate coin designs from my collection, and they will be designs that I find appealing and the reason why I like them.

Today I start with the newest design that has piqued the interest of collectors and potential new collectors, the Maya Angelou Quarter. Angelou appears on the first issue of the American Woman Quarters program, a four-year program celebrating the contributions and accomplishments of women in United States History.

Maya Angelou’s appearance on the quarter also marks the first time an African-American woman has appeared on a U.S. coin. Her first famous book, “I Know Why the Caged Bird Sings,” inspired the design. It is the first time the general public has talked about a U.S. coin since the beginning of the 50 State Quarters program.

The obverse features a portrait of George Washington designed by Laura Gardin Fraser in 1932. When the U.S. Mint moved to change the quarter’s design to honor the bicentennial of George Washington’s birthday. A competition was held for the design. Fraser’s design was selected by the Commission of Fine Arts (CFA) as the best representation of Washington for the coin. Unfortunately, Treasury Secretary Andrew Mellon, a known misogynist, rejected Fraser’s design and selected the art of John Flannigan instead.

The 1999 George Washington $5 gold commemorative coin featured Laura Gardin Fraser’s design. The American Women on Quarters program will feature her design. To sum up the impact of the design, the following is from the 1932 letter from the CFA to Secretary Mellon:

This bust is regarded by artists who have studied it as the most authentic likeness of Washington. Such was the skill of the artist in making this life-mask that it embodies those high qualities of the man’s character which have given him a place among the great of the world…Simplicity, directness, and nobility characterize it. The design has style and elegance…The Commission believes that this design would present to the people of this country the Washington whom they revere.

And now the news…

 April 11, 2022
The research, conducted by researchers at the University of Warwick and the University of Liverpool in England, revealed a debasement of the currency far greater than historians had thought.  → Read more at news.abplive.com

 April 13, 2022
FINDING valuable coins may not be too difficult – and an expert has revealed a way to do this. Should a coin be in a high grade or have a low reported mintage, the piece could be quite valuable.  → Read more at the-sun.com
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Weekly World Numismatic News for April 10, 2022

Over the last few weeks, I received emails from people finding quarters celebrating Maya Angelou on the reverse in their change. When I reply by explaining the Women on Quarters program, the writers are surprised that this program exists.

A woman wrote and asked if I would confirm that Sally Ride would appear for a quarter. When I confirmed that the quarter was next in the series, she wanted to know where to find the quarters so she could give them to her daughter, who wants to be a rocket scientist.

I have never seen this type of reaction to a coin program. Students are talking about the coins as they relate to history. Parents are talking about using the coins to influence their daughters.

The unsung design element that numismatists appreciate is the adaptation of Laura Gardin Frasier’s portrait of George Washington. Frasier, the wife of James Earle Frasier, created an acclaimed design that the Committee on Fine Arts picked twice in a competition of artists. Unfortunately, Treasury Secretary Andrew Mellon, a known misogynist, rejected the design and selected the art of John Flannigan instead. Laura Gardin Frasier’s design has taken its rightful place on the coin’s obverse.

A coin that makes everyone excited. That’s a winning combination!

And now the news…

 April 10, 2022
The 'heads' of a contemporary coin, with a head of the god Bacchus, that was sampled as part of the project. Credit: University of Warwick  → Read more at phys.org
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Weekly World Numismatic News for April 3, 2022

The text of this week’s post does not contain any numismatic content. The numismatic content is below the story.

The love of a dog can never be measured. When you bring one into your home and heart, the bond is instantaneous and enduring. Bring in two, and it is a house full of barking, messes, love, and affection. My wife and I raised two puppies, a brother, and a sister, from different litters.

When the youngest has been with you for 13 years and 7 months, it may be a long time, but it feels like yesterday. We raised Tessa from a puppy from the day we picked her up in November 2008.

We used to say that if Tessa was human, she’d be a party girl. Tessa was a fun-loving dog who was very intelligent but would rather play. She did not have a short attention span, but it was short when she was not playing.

Aside from annoying her (late) brother, Boomer, Tessa’s favorite pastime was eviscerating toys. Any stuffed toy would not last more than a few moments, and she would attack, and the stuffing would be all over the house. If the toy had a squeaker, Tessa would chew it until it stopped squeaking.

Tessa slowed down a lot over the last two years, and age was catching up with her. Amongst her ailments, Tessa had arthritis in her hips. We bought a doggie stroller to bring her around the neighborhood. Since I had some time off on Monday, Tessa and I went for a long walk. The image on this post is from that walk. It was the last time we had quality time together.

On Saturday, Tessa went into respiratory failure, and we rushed her to the veterinary hospital. For a while, it seemed that she was stable and could get better, but she took a turn for the worse. We had no choice but to help her end this journey and lead her on to her next journey across the Rainbow Bridge.

I hope Tessa finds her brother Boomer, and they are running around like they did so many years ago. Sweet dreams, my baby-baby sweetheart. You will be missed.

And now the news…

 March 29, 2022
Who wants dead presidents and royalty on their money when Star Wars and Lord of the Rings are an option?  → Read more at gizmodo.com

 April 1, 2022
There’s a new reason to break open your piggy bank. Pocket change is in short supply – again. While some will call it the great coin shortage of 2022, America is facing a coin circulation problem.  → Read more at usatoday.com

 April 1, 2022
TAMPA, Fla. (WFLA) — Amid war in Ukraine and market chaos, nickels are now worth more in melted metal than their face value. But before you empty the piggy bank and fire up a smelter in the yard, there are a few things you should know.  → Read more at nbc4i.com

 April 2, 2022
EVERYONE likely has a circulated coin somewhere around them – and it might shock you to learn that it could be valuable.  A circulated coin could mean a few things, but generally, it is a type of condition that collectors refer to.   → Read more at the-sun.com

 April 2, 2022
This rare silver coin shows a portrait of Charlemagne that was made during his lifetime.  → Read more at livescience.com
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 What’s in Your Pocket Change? (Mar 28, 2022)

 

Weekly World Numismatic News for March 27, 2022

Medals, awards, casino chips, and a Challenge Coin

As we switch the television between the Academy Awards and the Women’s NCAA Elite Eight Tournament, I am reminded about a little-discussed part of numismatics: award medals.

Medals come in many forms, from those that can be pinned to clothing to something equivalent to a token. They can be shaped, round, or a multilayered object presented to winners, participants, or for significant achievements.

Some people collect medals but may not consider themselves numismatists. Michael Phelps may not consider himself a numismatist but has one heckuva collection of Olympic medals, and Katie Ladecky is building quite a collection.

Challenge coins are a type of award. In its original intent, challenge coins are passed to someone deemed worthy of being honored by the issuer. Collectors take pride in collecting challenge coins like Brian Williams. During a segment of Nightly News, Williams showed off his collection. Over the last 10-15 years, challenge coins expanded beyond military service and civilian agencies. City agencies, law enforcement, and many others now issue challenge coins. It has opened the market to new collectors. Challenge coin collectors do not consider themselves numismatists, but they are as dedicated to collecting challenge coins as a Morgan dollar collector searching for VAMs.

As time progresses, there are new opportunities to collect awards and medals. Collections of medals and awards are now selling in estate sales and auctions. Families do not know what their loved ones collected and are selling below value. It is a tremendous opportunity to join this area of the market.

Awards and medals create an opportunity to expand collections and welcome more collectors to the community.

And now the news…

 March 18, 2022
Princeton University Library’s (PUL) Numismatic Collection nearly tripled its Byzantine coin collection when it acquired 11,256 Byzantine coins from the estate of Dr. Chris B. Theodotou on March 8, 2022.  → Read more at infodocket.com

 March 21, 2022
The United States' first woman to fly into space has lifted off a new mission, this time to orbit the nation in the form of a new circulating coin.

  → Read more at collectspace.com

 March 21, 2022
“Working with our partners Excir, we have introduced world-first technology to the UK capable of recovering precious metals from electronic waste in seconds." The Royal Mint is to have a go at a 21st-century approach to alchemy, turning electronic waste into gold.  → Read more at proactiveinvestors.co.uk

 March 23, 2022
Fans in Samoa can start their own Justice League Silver Coin collection with 12 officially-licenced DC Comics coins celebrating their most legendary heroes & villains.  → Read more at supermanhomepage.com

 March 23, 2022
The 2,000-year-old gold piece, perhaps worn by one of the murderers, could sell for $2 million  → Read more at smithsonianmag.com

 March 26, 2022
The rising price of metals including nickel and copper has led to a unique valuation of the metal contained inside common U.S. coins. What Happened: The price of nickel has soared in 2022.  → Read more at benzinga.com
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Weekly World Numismatic News for March 20, 2022

Bleached Counterfeit Currency

An example of a $100 Federal Reserve Note printed on a bleached $5 note (Image courtesy of Prescott Police Department via AOL.com)

Bleaching low currency denominations and printing higher denominations is not a new phenomenon. This past week a New Jersey man was convicted again for doing it again.

Hollis Forteau, 38, of New Jersey, was convicted on two counts of counterfeiting in 2015 for bleaching low denomination notes, printing $100 on the blank paper, and passing them as real currency. Since most people continue to use iodine pens to detect counterfeit currency, the counterfeit notes will pass the test.

Professional counterfeiters know it is easy to pass bleached currency. Rather than understanding the embedded security features of real currency, stores continue to rely on technology that the criminals know how to defeat.

Although the counterfeiter is convicted, the damage will affect the businesses he scammed and their customers. The businesses do not get compensated for the lost revenue for each counterfeit note, and those businesses will have to recover the lost revenue by raising prices. Nowadays, with inflation increasing, the business can bury the rise in inflation concerns.

The consumers end up paying for these cases.

Businesses should be encouraged to train their employees to recognize the anticounterfeiting embedded into United States currency by the Bureau of Engraving and Printing.

And now the news…

 March 14, 2022
The Central Bank of Argentina has ceased minting new coins, according to media reports. Rising metals prices have made the coins too costly to produce.  → Read more at centralbanking.com

 March 15, 2022
A New Jersey man was sentenced to five years in prison after creating counterfeit money with bleach, $1 bills and a printer, officials said. Fake $100’s were made.  → Read more at miamiherald.com

 March 16, 2022
The rare gold coin has been on display at the British Museum on long-term loan from a private collector.  → Read more at foxbusiness.com

 March 18, 2022
The Ukraine crisis has shaken up prices—and sent some Americans scrambling for coins.  → Read more at theatlantic.com

 March 19, 2022
Do you know that Sheikh Noor ud Din and Sheikh Humza Makhdoom have also been mentioned in the numismatic records of this land?  → Read more at greaterkashmir.com
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No Morgan and Peace Dollars in 2022

The U.S. Mint announced that they would not produce the 2022 Morgan and Peace Dollars calling it a “calculated pause.”

According to their press release, the pandemic impacts their suppliers’ availability to deliver silver blanks. Although many areas are returning to pre-COVID operating standards, suppliers require additional time to increase production to meet the higher demands.

The Russian invasion of Ukraine should not affect the worldwide supply of silver and gold since their mines are depleted. However, higher energy prices will impact the mining, refining, and transport of these metals.

The law requires the U.S. Mint to strike American Silver Eagle bullion coins. The law authorizing the 2021 Morgan and Peace dollars does not require the U.S. Mint to produce those coins in other years. If there is a supply problem, the U.S. Mint will strike the required American Silver Eagle Coins and suspend the Morgan and Peace Dollars.

Although popular designs, does it matter if the U.S. Mint strikes the coins again? Would it be better for the hobby if the coins were a one-year tribute and faded into numismatic history?

Weekly World Numismatic News for March 6, 2022

In support of the Ukrainians fighting for their freedom, the Monnaie de Paris created the Solidarity with Ukraine Mini-Medal. The copper-nickel medal is 34mm in diameter and features the Eifel Tower next to a colored Ukrainian flag. On the Ukrainian flag is the French national motto “Liberté, Egalité, Fraternité.”

The reverse is described as having a common reverse used by the Monnaie de Paris with the 2022 date.

Each medal is 10€ (about $10.93), with 8€ donated to the French Red Cross for Ukrainian relief. The Monnaie de Paris does not say that they will ship to the United States or the costs. Mint officials will likely answer an inquiry on Monday.

If you purchase a medal from the Monnaie de Paris, remember that most credit card companies will charge a transaction fee for converting euros to dollars. Contact your credit card company to ask about the charges.

You can find the medal on the Monnaie de Paris website. The link will help you visit the page in English.

Please watch @coinsblog on Twitter and this post for updates on availability and shipping to the United States.

And now the news…

 February 28, 2022
The newfound Roman coin in Hungary features a bearded Emperor Volusianus on one side and Libertas, the personification of freedom, on the other.  → Read more at livescience.com

 March 2, 2022
The Royal Canadian Mint says it will be donating the net proceeds of sales on its 2022 pysanka-themed collector's coins to the Red Cross Ukrainian relief fund in light of the Russian invasion. “For the past seven years, the Mint has proudly honoured the richness of Ukrainian culture and artistry in Canada with a best-selling series of pysanka-themed collector coins.  → Read more at ottawa.ctvnews.ca

 March 3, 2022
Charles Spencer just found buried treasure (kidding…sorta). Today, Princess Diana’s brother shared a must-see photo on his personal Instagram account, featuring a Roman coin that was discovered at Althorp House (the English estate where the siblings grew up).  → Read more at purewow.com

 March 4, 2022
A gold stater from Lydia, one of the first coins in the world. Such coins were the very first coins to be used in the world.  → Read more at greekreporter.com

 March 4, 2022
The Department of Homeland Security just returned a trove of artifacts deemed to be the property of the French government, and five gold ingots that were likely smuggled to the U.S. decades ago and which landed in a Bay Area auction house, were among them.  → Read more at sfist.com

 March 4, 2022
Since November, we have published 38 coin ads throughout our newspapers in Ohio and Michigan.  → Read more at athensmessenger.com

 March 5, 2022
The Bangla word Takshal which is "mint" in English, is a place where money is coined, especially under state authority. Since Muslim rule in Bengal was established in 1205 by Ikhtiyar Uddin Muhammad bin Bakhtiyar Khalji, the rulers started making coins from the capital and other important administrative and commercial cities.  → Read more at tbsnews.net
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Weekly World Numismatic News for February 27, 2022

2022 Maya Angelou Quarter

As Black History Month winds down, the numismatic community is part of history as Ventris Gibson is nominated to be the first African-American woman to be the Director of the United States Mint.

Another numismatic celebration came with the first American Women Quarters Program featuring writer, poet, performer, social activist, and teacher Maya Angelou.

These are two events that the numismatic community can use to demonstrate diversity and attract more collectors. With the national attention on the new quarters and Gibson’s appointment, it is an opportunity not seen since the 50 State Quarters Program over 20 years ago.

WRC, the NBC owned and operated station in Washington, DC, interviewed Ventris Gibson as part of their Black History Month series. Here is the interview they aired:

And now the news…

 February 21, 2022
Juneteenth Commemorative Coin 2021 by Juneteenth Unlmited Black owned Small Business Releases Historic Commemorative Coin for Juneteenth 2021  → Read more at einnews.com

 February 24, 2022
A Kirkcaldy man tried to pass off thousands of pounds worth of fake £2 coins as genuine at post offices across Fife in the hope of changing them into legitimate cash.  → Read more at thecourier.co.uk

 February 25, 2022
As the financial year of the temple treasury began on Rosh Chodesh Nisan from which date certain requirements of the sacrificial service could only be purchased with funds from that year, those proclamations were made to give a month’s notice to people to pay these annual dues required to be deposited in the temple Treasury.  → Read more at australianjewishnews.com
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Weekly World Numismatic News for February 20, 2022

Fake Silver Eagles

Two counterfeit American Silver Eagles purchased from a company who advertised on Facebook.

There is at least one noteworthy numismatic article in the non-numismatic media most weeks. The news published this week was mundane and not worth noting.

The news worth reporting is that online scammers are changing how they structure their scams.

After examining the websites reported by several people, they are now:

  • The “companies” behind the scams are registered in London, and I am not sure why they chose London.
  • Five of the six companies investigated have registrations that point to the owners coming from India. The U.K. and India have had close relations following their independence from the British Empire.
  • The websites are hosted in the U.K. using a service that supports online marketplaces.
  • After examining a set of coins purchased by a reader, they resemble the counterfeit coins I purchased in 2020.

Many people have talked about doing something to combat counterfeits coming from overseas. Some groups tried to write letters without a response from the recipients. At what point does the numismatic industry stop writing letters and do something?

If the definition of insanity is doing the same thing over and over again, expecting a different outcome, numismatics may be ready to be fitted for a straight jacket.

Since nobody in the numismatic industry is coming up with a plan, I will develop one. It will be comprehensive and involve the entire industry. Give me a few months to research the possibilities.

And now the news…

No mainstream news this week.
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