Weekly World Numismatic News for August 8, 2021

Greetings from Athens, Georgia!

New Change Find: a 2021 Roosevelt Dime

Athens is my first stop in a week-long commitment that I could not avoid. It will keep me from Chicago, but sometimes obligations take precedence. I am concerned about the Delta variant of the COVID-19 virus, and it is adding stress to the trip. But I will miss being at the World’s Fair of Money.

As of today, it looks like my next show will be the Whitman Expo in Baltimore next November.

Please don’t think that the trip is all work. When I come to Athens, I am reminded of my youthful days as a student at Georgia. It is always interesting to see how the area has changed, but it is fascinating as to what remains the same. Tonight’s dinner came from The Taco Stand on Milledge Avenue. The sign inside said it has been open since 1977, and I was a freshman in 1978. My Baja Burrito was a taste down memory lane.

When I received my change, one of the dimes is dated 2021. It marks the first time that I found a 2021 coin in my pocket change. It has only taken 219 days and a trip to Athens to find my first 2021 coin. I was hoping to find the new Washington Crossing the Delaware quarter first, but a dime is a good find with the year more than half-over.

Last week, The National Sports Card and Collectors Convention (The National) held its annual show in Rosemont. According to the reports from many collector publications, the show was a rousing success. Although there were a few complaints about Cook County’s mask mandate, the reports said it did not take away from the show and called it a success. Sports cards have made a big comeback that even some of the over-produced cards of the 1980s and 1990s are selling. It has helped players find ways to be accessible to fans and willing to sell their wares to anyone who will pay.

Finding new avenues to attract new collectors and existing collectors to spend more is always a challenge. Sports memorabilia collectors are beginning to see what can happen with the new market in college sports’ Name, Image, and Likeness (NIL) rules. The NIL rules allow college players to sell their name, image, and likeness and remain eligible for college sports.

There was always a potential for better college players to earn money for NIL, but the NCAA rules prevented this. The NCAA suspended Georgia’s Todd Gurley for four games for selling his jersey to a collector in 2014. He used the money to take his girlfriend to dinner. And I won’t talk about Reggie Bush who’s situation is a travesty given the new rules.

Numismatics has to consider what it will take to expand the base. The base is not going to be expanded by recycling the Morgan and Peace dollars. You expand the base by embracing everything new and welcoming everyone that does not care about the old. There is so much fun to have with modern coinage that I think I will explore more over the next few months.

In the meantime, if you can make it to Rosemont for the ANA World’s Fair of Money, have fun. If you are like me and have Real World commitments that prevent you from going, stay tuned. There is a lot more to come!

And new the news…

 August 8, 2021
Archaeologists have uncovered 2,640- to 2,550-year-old clay moulds for casting spade coins as well as fragments of finished spade coins at Guanzhuang in Xingyang, Henan province, China. The technical characteristics of the moulds demonstrate that the site — which was part of the Eastern Zhou period (770-220 BCE) bronze foundry — functioned as a mint for producing standardized coins.  → Read more at sci-news.com

 August 8, 2021
CARSON CITY — See historic Coin Press No. 1 in action Saturdays in August at the Nevada State Museum, Carson City, before it goes on hiatus in September for maintenance.  → Read more at carsonnow.org

 August 8, 2021
A punch-marked silver coin that was dug out during the seventh phase of excavation at Keeladi last week has sent a wave of excitement among archaeologists, as they are further able to collate and establish trading activity of the civilisation believed to have flourished on the banks of Vaigai river more than 2,500 years ago.  → Read more at thehindu.com

 August 8, 2021
A Roman coin of the last pagan emperor which might have been deliberately damaged as an "act of erasure" was found by two metal detectorists.  → Read more at bbc.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share and show your support Buy Me A Coffee

Weekly World Numismatic News for August 1, 2021

2021-W ASE Type 1

2021-W American Silver Eagle Type 1 Proof

Last week I spoke to a dealer who attended the Summer FUN show in Orlando. When asked how the show was, the answer was “HOT!”

The answer was not a response to the weather but the market. According to his partner, they had a difficult time stocking inventory. The number of buyers is outpacing the sellers a lot. The limited inventory is also impacting dealer-to-dealer transactions. The low supply and high demand are causing prices to rise.

Aside from the typical demand for collector coins, modern silver is in high demand. Anything made of silver is in high demand, that many dealers cannot find enough inventory.

One observation was that after silver, collectors are looking for something different. International coins are seeing increased interest. New collectors are discovering their past and are looking for coins that their grandparents may have used. One dealer said there is an increase in people looking for 20th-century coins from Eastern Europe.

Another area that is becoming popular is hometown collecting. A currency dealer said that collectors are asking about obsolete and national banknotes based on their location. After suggesting to speak with an exonumia dealer, I learned that new collectors are discovering transportation and other tokens from their hometowns or the hometown of their parents. The dealer told me that two young collectors almost cleaned out their inventory of Iowa tokens.

The lesson is that the market is hot, prices are rising, and new collectors are entering the market looking to have fun. It makes for a healthy

And now the news…

 July 26, 2021
A collection of 80 copper staters discoverd by archeologists at the site of the ancient city of Phanagoria. Courtesy of the Russian Academy of Science’s Institute of Archaeology.  → Read more at news.artnet.com

 July 27, 2021
Nikola Tesla, pioneer of alternating current electricity, might have been shocked to know how his legacy would cause a row between European states.  → Read more at bbc.com

 July 28, 2021
Loose change was scarce last year. Retail and restaurant industries collected less cash from customers, so had fewer coins to deposit with their banks, while limited hours and new safety protocols at mints around the country slowed coin production.  → Read more at newyorker.com

 July 29, 2021
SALT LAKE CITY — In February 1848, Isaac Chase stalled the vigorous swing of his pick at the sound of something metallic in a hole by a creek in what is now Liberty Park.  → Read more at ksl.com

 July 30, 2021
The claim: Microwaving a penny for one minute will shrink the coin Most everyone knows some things are not meant to be microwaved, like metal for example. But some social media users are contradicting that, claiming microwaving a coin will shrink it.  → Read more at usatoday.com

 July 31, 2021
Numismatics – more commonly known as coin collecting – is a time-honoured pastime that has grown in popularity over the years.    Often dubbed ‘the hobby of kings’ due to only the very wealthy being able to enjoy the activity – the good news is coin collecting is now something that pretty much anyone can take a shine to, regardless of status.    → Read more at eadt.co.uk
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for July 25, 2021

General George Washington Crossing the Delaware Quarter reverseAccording to reports, there continues to be a coin shortage. In areas of the country where the people primarily use cash, retailers tell news outlets that they are receiving fractions of their orders from the banks. The banks are countering that they are not receiving their complete orders from the Federal Reserve.

The Federal Reserve Banks have not commented on the problem, but the U.S. Coin Task Force continues their Get Coins Moving promotion. When speaking on background, sources say that there are coins in the Fed’s cash rooms but that the amount they keep in reserve for emergencies is lower than usual. Some report that there is an overabundance of dollar coins if someone wants them.

While other areas of the country are experiencing coin shortages, the D.C. area does not seem to have problems. The only advertising for the Get Coins Moving program is on national telecasts. Very few businesses have signs asking for customers to spend their coins.

To see what I can find in change, I have been paying with cash for local transactions. When traveling away from home, I will use cash to test the diversity of the change I receive. While doing this in the last three months, there is a lack of diversity in the change I receive.

Even though the U.S. Mint produced more coins than it had in its history in 2020, the change I receive is full of 2019 coins and older 50 State Quarters. Over the weekend, my change had six Ohio state quarters complete with the hanging astronaut.

We are getting close to the end of July, and I have not seen a 2021 coin, including the Washington Crossing the Delaware quarter.

There is money out there. People have to spend it for it to circulate. Please spend your pocket change so I can find something interesting.

And now the news…

 July 19, 2021
Despite disruptions brought on by the pandemic, the SA Mint managed to produce the Reserve Bank's full order of 811 million coins in its 2020/21 financial year.  → Read more at businessinsider.co.za

 July 21, 2021
An extremely rare 22-carat gold coin dating from the reign of Henry VIII has sold for £64,000.  → Read more at dailymail.co.uk

 July 22, 2021
The silver market faces some short-term headwinds as focus on the potential for tighter monetary policy; however, the precious metal's drop to a three-month low below $25 an ounce has exaggerated the market's weakness, according to one research firm.  → Read more at kitco.com

 July 23, 2021
Historians are wondering how 118 coins minted during the Carolingian Empire, a Frankish dynasty who ruled over what is today much of France, Germany and Italy in the period 750–887 AD, managed to find their way to Poland.  → Read more at thefirstnews.com

 July 23, 2021
An unprovenanced ancient coin, identified as a Stater (c. 500-480 B.C.), was handed over to the Greek Ambassador to the US, Alexandra Papadopoulou, on Thursday, by officers of the US Immigration and Customs Enforcement.  → Read more at ekathimerini.com

 July 23, 2021
Archaeologists from the Institute of Archaeology of the Russian Academy of Sciences have announced the discovery of a coin hoard in the ancient city of Phanagoria. Phanagoria was founded by Teian colonists around 543 BC, and developed into a Greek centre of trade between the coast of the Maeotian, and the countries on the southern side of the Caucasus.  → Read more at heritagedaily.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for July 18, 2021

The U.S. Mint announced the new ordering procedures for upcoming silver products and that there will be changes to the bulk purchase system. Most collectors met both news items with a collective yawn.

For many years the U.S. Mint has promised improvements for the collector and access to their products. During that time, the collecting public held their collective breaths hoping that they will get it right. After failing to show progress, collectors are not optimistic.

According to the U.S. Mint, the problems are a low supply of planchets and Internet robot ordering on a broken ordering system. The supply issue has acceptable reasons external to the Mint. The broken ordering system and managing against the bots is the direct responsibility of the U.S. Mint.

Even if they fix the ordering and distribution systems for the upcoming product, it will take a long time for the U.S. Mint to gain the trust of collectors.

And now the news…

 July 13, 2021
The association says the suspension of the program has been a burden to scrap recyclers across the country. The Washington-based Institute of Scrap Recycling Industries (ISRI) is urging the U.S. government to reinstate its mutilated coin redemption program, which was suspended in 2019.  → Read more at recyclingtoday.com

 July 14, 2021
When the first modern Olympics were held in Athens in 1896, winners did not get gold medals as they will later this month when the Tokyo games get underway. Instead, they got silver, while runners-up got bronze. There were no medals for third place.  → Read more at thenationalherald.com

 July 14, 2021
A rainstorm in London has led to the discovery of a hoard of more than 300 coins dated to the first century B.C.  → Read more at smithsonianmag.com

 July 15, 2021
A German federal court on Tuesday rejected the appeal of two defendants who had been jailed for stealing a massive gold coin from Berlin's Bode Museum. The court in the city of Leipzig concluded that there were no "legal errors to the disadvantage of the defendants" in their February 2020 sentencing and, as such, their prison terms were found to be legally binding.  → Read more at dw.com

 July 15, 2021
A Viking era "piggybank" of silver coins has been discovered on the Isle of Man by a metal detectorist who made another startling discovery last year.  → Read more at bbc.com

 July 16, 2021
THE Bangko Sentral ng Pilipinas (BSP) issued a new warning to the public about the supposed "Brilliant Uncirculated 20-Piso" coin being sold online.  → Read more at manilatimes.net
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for Independence Day 2021

The week’s surprise news is that the Certified Collectibles Group (CCG), Numismatic Guarantee Corporation’s (NGC) parent company, sold a majority stake in its company to a private equity firm.

The report notes that the deal with The Blackstone Group was for more than $100 million and places CCG’s valuation at more than $500 million.

In November 2020, a group led by D1 Capital Partners purchased Collectors Universe, the parent company of Professional Coin Grading Service, for $700 million. D1 then took the company private in December.

Private equity firms (PEF) like The Blackstone Group and D1 Captial Partners work to bring together clients use the power of their capital and influence to invest in companies. They take over the companies with the intent of growing them and increasing their profits.

Although private equity firms will infuse the businesses with money, they are not known to do what is best for the industry they enter. They are strictly bottom-line focused. Companies purchased by a PEF have deteriorated because they paid too much for the company and have to pay off that debt and assume the liabilities of the company they purchases.

Another big problem with a PEF is the turnover of staff. The PEF will look to have its people run the businesses in a manner that may not sit well with current employees. When key executives start to leave, it is an indication that the shift in the business culture has begun.

Brett Charville

Brett Charville is stepping down as president of PCGS.

The previous week, PCGS announced that President Brett Charville has announced he will be leaving the company. Charville became PCGS president in January 2019, succeeding Don Willis. The press release did not mention Charville’s future, nor was there any announcement from another numismatic-related organization announcing his hiring. Based on the history of executive interactions with private equity firms, it is likely that Charville is the first key executive of Collectors Universe to experience the impact of being purchased by a PFE.

The top two grading services owned by private equity firms question what will happen to the collecting hobbies? Will NGC continue its relationship with the ANA? Will the push for these companies to make more money cause a loosening of grading standards? Or will these firms now have the money to increase the use of technology to enhance the authentication process? Whatever is going to happen, the transition begins this summer and likely will not be felt until the end of the year.

And now the news…

 July 1, 2021
Jocelyn Trent says reunited WW1 medals ‘ray of sunshine’ Peter Thorpe came across the medal when he was trying to build a greenhouse in his garden and needed to move soil to do so. He is now hoping that the relatives of the soldier will come forward, so that the heirloom can be in the hands of those who knew the man.  → Read more at express.co.uk

 July 2, 2021
In another bellwether of the red-hot grading industry for coins, comics and sports cards, Sarasota’s Certified Collectibles Group is selling a majority stake in its company to private equity firm Blackstone in a deal that puts the company’s value at more than $500 million.  → Read more at news.yahoo.com

 July 3, 2021
An Iraq War hero is selling his £140,000 gallantry medal so he can get on the property ladder.  → Read more at mirror.co.uk

 July 3, 2021
Dupondius of Emperor Trajan showing a selection of military scenes. You can see Emperor Trajan in military uniform between two trophies.  → Read more at phys.org
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for June 27, 2021

It’s hot out there!

Yes, I know I’m late. But business has been so good that it has kept me very busy. I channel what I am seeing about the market into this article.

And I am not talking only about the weather.

The collectors’ market is hot.

Buyers are buying all types of collectibles. Items that have not been selling well in the last 10 years are now selling for more than a few dollars. And there is no sign that it will stop soon.

If the collectible market is hot, then the numismatic market is like the weather in Pacific Northwest and Western Canada. The numismatic market appeared to hit a high on June 8, 2021, and it has not stopped. It seems that every few weeks, the numismatic press tells us about another rarity that sold for over $1 million.

Prices are also rising in the regular collectors’ market. Silver coins are selling for significant premiums over what the price guides publish. The premiums have become so big that the price guides are almost irrelevant.

The sensation extends to the entire numismatic market. People buying common coins of popular series are paying significant premiums for the coins like Lincoln Wheat Cents and Buffalo Nickels. Some are complaining that the market is becoming too expensive for the average collector.

It is a mixed feeling for sellers. While their profits are increasing and they can unload items sitting in their shops for years, they cannot find the inventory to sell. Dealers that know I work in the liquidation business have called to ask whether I can find coins. Of course, economists will remind me that when there is a high demand and low supply, the prices rise so that the Supply and Demand curves reach equilibrium. Then they will ask snarkily where I went to school!

As a seller, I love this market. It will help my company’s recovery from the pandemic. As a collector, I think I will concentrate on the less expensive series of interests. Although there’s a National Banknote worth about $1,500 that I have been looking at… (as he stares wistfully off into the distance).

And now the news…

 June 23, 2021
TEHRAN – Iranian police forces have arrested a person suspected of smuggling ancient artifacts and recovered seven ancient coins. The lawbreaker was traced and finally arrested at his place in the city of Kashan after the authorities received reports from cultural heritage aficionados, Kashan tourism chief Mehran Sarmadian said, IRIB reported.  → Read more at tehrantimes.com

 June 24, 2021
One of the most popular hobbies of children is collecting rare items such as coins, stamps, banknotes, and autographs. For some, coin collection may seem a boring and pointless activity, but for many, it is fascinating.  → Read more at theworldbeast.com

 June 24, 2021
Canadian Muslims are getting used to Canada Post regularly issuing commemorative stamps for Eid. However, as yet, there has not been commemorative coins that reflect the presence of Muslims in Canada, despite commemorative coins being issued annually for other religious and cultural holidays of other diverse communities.   → Read more at muslimlink.ca

 June 24, 2021
• The coronavirus pandemic has disrupted the availability of quarters, nickels, dimes, and pennies. • Unlike supply issues that have affected computer chips and lumber, there's no actual shortage of coins.  → Read more at businessinsider.com

 June 26, 2021
Two rare coins which date from around the time of the Black Death have been declared treasure.  An inquest was held at Norfolk Coroner's Court on Wednesday, July 23 into the 2019 discovery of a leopard coin and a noble coin in the Reepham area.  → Read more at northnorfolknews.co.uk

 June 26, 2021
A collection of antique coins which date back almost 600 years has been donated to a County Armagh library due to their unusual link to the area.  → Read more at bbc.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for June 20, 2021

Farouk-Fenton 1933 Saint-Gaudens $20 Double Eagle was sold by Sotheby’s for $18,872,250 in a June 2021 auction. (Picture Credit: PCGS)

Did you know that because the Farouk-Fenton 1933 Saint-Gaudens Double Eagle sold for a world record price of over $18 million that the gold coin market is hot?

The gold market is very active, and the prices are rising, but not because of the sale of the Double Eagle. The demand for physical metals caused by economic uncertainty has driven up the prices for gold and silver coins.

While discussing the demands for precious metals with dealers, they say that the demand is for coins. Their customers are buying American Eagle coins causing the supply of coins to decrease. When customers cannot buy American Eagles, they look to purchase silver coins from other state mints. Canada’s Maple Leaf and Mexico’s Libertad are popular alternatives to the American Eagle.

Investors are looking to purchase physical assets that have some backing. They are not buying bullion or contracts. As a result, the price of bars and other bullion products is reasonable compared to higher-priced coins. Contracts are paper-based trading of bullion. Many smaller investors traditionally do not like to trade based on paper. They are looking for something physical, like coins.

Bullion investing increases when investors perceive there are uncertainties in the markets. The current market run started last year during the beginning of the pandemic and has not stopped.

The markets are not responding to the sale of the 1933 Double Eagle. It is the only 1933 Double Eagle coin that is legal to own and has a story that inspired two books. Using this coin as an example of a reason to invest in gold coins is not representative of the reality of the bullion coin market. Beware of those who will try to sell you bullion based on the sale of this coin.

And now the news…

 June 14, 2021
BOSTON — The wife and brother-in-law of a Cranston coin dealer convicted of laundering millions for a Mexican drug cartel struck out again in challenging $136-million forfeiture rulings against them.   → Read more at providencejournal.com

 June 15, 2021
Beginning tomorrow, the Federal Reserve will begin its FOMC meeting for June, which will conclude on Wednesday. Following the conclusion, the Federal Reserve will release a statement, which a press conference will follow by Chairman Jerome Powell.  → Read more at kitco.com

 June 17, 2021
Ultra rare stamps and a unique coin have sold at auction for a total of $32 million. Sotheby’s in New York played host to the record-breaking event. What were the lots?  → Read more at thevintagenews.com

 June 18, 2021
In the article “Watermarked Paper First Series”, published in Pattaya Mail on Friday February 12, 2021, I wrote about problems with the watermarked paper.  → Read more at pattayamail.com

 June 19, 2021
The 2021 platinum bullion American Eagle 1 oz coin has achieved the second highest sales on record, with sales of 75 000 oz for the five months to May 31, industry organisation the World Platinum Investment Council (WPIC) reports.  → Read more at miningweekly.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for June 13, 2021

Before unveiling my father’s grave marker, it was covered with an appropriate towel. After 12 years, he is next to my mother, again.

Even though the United States may be recovering from the COVID-19 pandemic, many will feel its effects for a long time. Whether from missing events from 2020 to the loss of a family member, survivors will have reminders that will last a lifetime.

Last Friday was my father’s unveiling. For those not familiar with the custom, Jewish descendants celebrate the life of the deceased by dedicating the grave marker where the loved one is buried. The marker is covered then revealed at the end of the service.

As a die-hard and always suffering Mets fan, my father’s marker was covered with a Mets towel until the end of the service. Later that night, the family went to Citi Field to attend a Mets game in his honor. Jacob deGrom pitched a phenomenal six innings and the Mets won.

It was my first time attending a game at Citi Field. The stadium is quite different from Shea Stadium where my father and I saw many games together. In 1972, we attended more games than he expected because I kept winning tickets. That year I was delivering Newsday when it was an afternoon newspaper. To boost the number of subscribers, Newsday would give out prizes to the paperboys who sold the most subscriptions. When Newsday started a Sunday paper, there would be more opportunities to win prizes. I chose the Mets tickets whenever it was an option.

In those days, the paperboys collected directly from the subscriber. On Saturday, we would pay the distributor for the week’s newspapers and hand in orders for the next week. One week I almost did not have enough money to pay the bill because several people paid using silver coins. The silver coins went inserted into the blue folders. My father helped me make up the difference.

By the end of my three years delivering Newsday, I had a nearly complete set of Roosevelt dimes picked from pocket change and from the people who paid for newspapers. Shortly before we moved from New York, my father and I went to a local coin shop and we purchased 12 dimes to almost complete the set. A few days later, he came home from work with the one dime that the local coin shop did not have and a Whitman Deluxe album. Later, I learned he bought the coin and the album from Stack’s in Manhattan.

Although this chapter is over, the memories and the album of Roosevelt dimes remain.

And now the news…

 June 10, 2021
“Treasure of Chianti,” now on view through Sept. 3 at the Museum of Santa Maria della Scala in Siena, Italy. A treasure trove of ancient Roman silver coins discovered by a team from Florida State University is now on display to the public for the first time in Italy.  → Read more at news.fsu.edu

 June 11, 2021
 → Read more at smithsonianmag.com

 June 13, 2021
By Updated  → Read more at smh.com.au
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for June 7, 2021

With the country reopening, there is a lot of activity arranged to make up for the lost time. It is going to make June a busy month that will delay the Weekly World Numismatic News posts. Stay tuned because I have a lot of good content coming!

Life in the United States is coming back. Although COVID-19 continues to be a concern, the vaccines seem to be mitigating many of the issues that closed down the country last year. According to many reports, the United States is doing better than other countries with vaccinations. The result is a decrease in the number of infections and deaths.

COVID-19 will change how we live life, at least for the next few years. Aside from the loss of family members, I am no longer shaking hands. I will fist-bump with someone. Maybe we should learn from the Japanese and bow in respect.

Another change is the reduction in handling items. When I go to a store, I continue to wear nitrile gloves. Even though science has proven that COVID-19 cannot live on surfaces for long times, studies have shown that a dollar bill can have more bacteria than a toilet seat.

The next question is what will happen at coin shows. When we go to shows, people will examine coins, currency, and exonumia before they purchase. Collectors will be digging through junk boxes, those long storage boxes, and flipping pages in notebooks. Collectors will handle slabs and flip through pages of the available books. While this is no different from shows in the past, the COVID-19 pandemic scared everyone. A result of the heightened awareness of viruses was a significant reduction in flu cases.

People traveling to long-distance shows will be required to wear masks in the airport and on airplanes. Show venues will continue to require people to wear masks and social distancing that will reduce dealer participation.

COVID-19 restrictions require the ANA to reduce the number of dealers to maintain social distancing. What we do not know are the other restrictions that the ANA will have to follow. Will there be restrictions on the number of people on the bourse floor? What about attendance restrictions on the peripheral sessions like Money Talks and the auctions? How will the exhibits be handled? What other restrictions will the ANA be required to follow?

It is good that life is resuming, but there are more questions than answers. Get vaccinated and stay safe.

And now the news…

 June 1, 2021
How many times have you weighed the little usefulness of the pennies you have in your purse? You may even have accumulated them and that you have them stored in a boat waiting to count them so that they can be exchanged for coins of more value or a banknote, but be careful that there is a special cent coin that could have a value of 50,000 euros So what maybe you have among those pennies that you hardly pay attention to.  → Read more at marketresearchtelecast.com

 June 3, 2021
Written by Oscar Holland, CNN Two of the most coveted items in stamp-collecting and one of the world's rarest coins could fetch a combined $37 million when they go under the hammer in New York next week.  → Read more at cnn.com

 June 4, 2021
Cincinnati, Ohio, June 04, 2021 (GLOBE NEWSWIRE) — Cryptozoologists worldwide are scampering to find Cincinnati, Ohio on the map and Osborne Mint on the web to see The Yeti and be able to capture the creature for themselves.   → Read more at globenewswire.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Weekly World Numismatic News for May 30, 2021

When it comes to identifying the numismatic-related news of the week, you cannot ignore the fiasco caused by the U.S. Mint. It is a repeat of every significant release for the last 15 years: underestimate demand, make purchasing policies that are out of touch with the demand anticipated by the industry, not have the infrastructure in place to meet the demand, apologize and promise to do better later.

Wash, rinse, and repeat.

Collectors are not taking this situation in stride as they previously have. According to congressional staffers who spoke on the promise of anonymity, the calls to their offices bordered on outrage. The stories were amazing.

One staffer said that their district office received a call from an assisted living center in their district. Five people were on the call. Each made a statement and passed around the telephone, so they could all tell their members of congress how upset they were. One of the people told the staffer about buying his first proof set from the U.S. Mint in 1958.

Another staffer said that the House Financial Services Committee redirected calls made to their offices. Someone investigated and decided that something I wrote the day of the sale prompted the calls.

A source with the Treasury Department said that they logged a lot of calls on Wednesday. Although they would not break down the distribution of the calls, sources suggested that calls made to the main Treasury caught Secretary Janet Yellen’s attention.

Although members of the numismatic industry called, everyone I spoke with said it was the public’s outrage that caused the U.S. Mint to take quick action.

Instead of putting up with bad service from the government, the people stood up and asked for answers. The government responding to the people is the best news of the week. Now let’s hope the U.S. Mint does not waste this moment.

And now the news…

 May 27, 2021
Cabinet policy addressing “colonialism, patriarchy, and racism” strikes coin honouring Canadian scientist who discovered insulin  → Read more at torontosun.com

 May 28, 2021
During excavations near Tübingen, archaeologists discovered the tomb of an early Bronze Age woman with an unusual burial gift: a small spiral made of gold wire – possibly a hair ornament – appeared to be the earliest reliable gold discovery in southwestern Germany.  → Read more at thewestonforum.com

 May 28, 2021
While working on the downtown Ellisville street repair project, Heath Pickering made an interesting find while repairing a sewer line.  → Read more at leader-call.com
Coin Collectors News
news.coinsblog.ws

 

If you like what you read, share, and show your support Buy Me A Coffee

Pin It on Pinterest