What’s New This Week……….
Gold Shipwreck Bar Valued at $550,00 Stolen from Mel Fisher Museum. t was reported that two thieves entered a museum shortly after closing at 5PM and stole a 74.85-ounce, 11-inch (28-centimeter) gold bar which was inside a glass display case. Surveillance captures caught the faces of these two men, believed to be the suspects who walked off with the gold bar.
Heritage Auction Galleries’ Signature® Currency Auction, held Aug. 11-15, including the non-floor session held on Aug. 15, contributed more than $3 million to the $46+ million total realization of Heritage’s official ANA World’s Fair of Money auction in Boston, MA. One of the Auction highlights was a 1934 New York $5000 bill brings $103,500
Boston ANA Show Report by Bill Shamhart : “After months of anticipation and preparation, the ANA’s annual World’s Fair of Money in Boston is over. And while there are always little details that could use a little more attention,”
Recognized throughout the world for their superior quality, superb artistry and Government guarantee of weight and purity, the Perth Mint has unveiled it’s 2011 Australian Bullion Coin Program. These pure gold and silver coins are actives sought after by both investors and collectors.
ANA Coin Show Recap by John Feigenbaum: “Well, another ANA Show has come and gone. I think this was my 22nd consecutive ANA and they all have a similar flavor no matter what the outcome. In a word…”long”. They have always been too long because there have always been “pre ANA” shows the weekend prior with important auctions, so we’ve always attended both shows and stayed the duration.”
Odyssey Marine Exploration, Inc. today filed its Reply to Spain’s Response in the “Black Swan” case, currently pending in the United States Court of Appeals for the Eleventh Circuit in Atlanta, Georgia. This is expected to be the last round of written pleadings at the appellate court level.
The Professional Numismatists Guild (PNG) has announced the resignation of one member, the suspension of another and the hiring of legal council specifically in connection with allegations of “coin doctoring” against some PNG member-dealers.
Weekly Column by Greg Reynolds,Coin Rarities & Related Topics. “When people talk about an ANA Convention, they tend to emphasize the coins that they bought or sold, rather than about the overall impact of the event. At any first or second tier coin show, collectors with modest budgets can find appealing coins. Collectors can also socialize with other collectors at a wide variety of coin related events. ”
Global strategic branding firm Siegel+Gale announced the development of a new brand promise and identity for the United States Mint, a bureau of the United States Department of the Treasury. The new brand promise, Connecting America through Coins, communicates the widespread influence the United States Mint has on Americans’ everyday lives — highlighting coins as not only a powerful link between American values and commerce, but the basis for everyday moments shared among us.
The American Numismatic Association urges its members to contact their members of Congress and ask to repeal a law that could significantly increase the paperwork burden on dealers and increase the risk of identity theft for all collectors who buy and sell numismatic material. Under Section 9006 of the Patient Protection and Affordable Care Act, commonly known as health care reform legislation, businesses will be required to report all goods and services purchased in excess of $600 with an IRS 1099 form. As written, the law would, beginning in 2012, require all coin dealers to report on IRS form 1099 all goods and services
Dan Duncan of Pinnacle-Rarities.com looks at the year 1936 – The Crest of the Commemorative Coin Wave. “Historically, 1936 was not a great year for most Americans. The United States was deep into the Great Depression. There was an unemployment rate of 16.9%, banks remained unstable, and the dust bowl continued to devastate the plains states.”
As recently reported in Art Daily and E-Sylum, an extremely rare ancient gold coin was uncovered recently in the excavations of the University of Michigan and University of Minnesota at Tell Kedesh in Israel near its Lebanese border: Gold Octodrachm (Mnaieion) Coin Minted in Alexandria by Ptolemy V in 191 BCE Found In Israel
Doug Winter provides Some Observations About the 2010 Boston ANA Coin Show. “To be perfectly frank, I hate coin show reports. I hate to write them. I hate to read them. I don’t care what restaurants a dealer went to and what they ate and I don’t really care that Dealer X spent this much money on those coins at the show. That said, I also know that the ANA is the show that everyone who didn’t attend wants to know about. So, with these people in mind, I thought I’d share a few random observations about the ANA.”
THE BOSTON ANA SHOW – Market Report by Legend Numismatics. “We were wrong. This was NOT the incredible “blockbuster” we had expected. However, we will declare it was the next best thing: a GREAT SHOW! From the time we set up (within the first 15 minutes we had a serious crowd of buyers at our table) until the very last coin we sold Saturday afternoon (a six figure coins too), activity was pretty much non stop.”
NEW & UPDATED – Our coverage of rare coin and currency news has expanded with Tim Shuck taking over as Editor of Coin News Daily. This is a special section of CoinLink where we scour the web for items of interest related to numismatics and post a short excerpt and link to these “off site” resources.
We have also made changes to The Bullion Report with daily news and article updates, and a monthly analysis of the “Premiums Over Spot” for Gold and Silver Bullion products.