WASHINGTON, D.C. -- The Abraham Lincoln
Bicentennial Commission met at the Library of Congress here Monday to discuss
plans for celebrating an important and impending anniversary, just a week
before Presidents Day and a day after President Lincolns 197 th birthday.
Foot-deep snow did delay this meeting of historical significance. It offered a
perceptible mixture of excitement and gravitas, underscoring the opportunity
before the commission and the desire to do the events leading up to the 200 th
anniversary of Lincolns birth in 1809 justice.
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The Reserve Bank (New Zealand) says new 50, 20
and 10 cent coins will be introduced on 31 July 2006 -- and that there will be
a transition period when both old and new coins will be legal tender. In what
stands to be a potential nightmare for coin-operated vending machine operators,
the new coins will be both smaller and lighter than the ones they replace,
while the five cent coin is set for the chop.
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Monday, Feb. 20 is what's called "Presidents'
Day". Originally it was for honoring George Washington but then we wanted to
honor Abraham Lincoln, too, and their birthdays were both in February so we
combined them. Presidents Day has changed again because now it's for
honoring all the presidents we've ever had. I'm not so sure about
that.Considering how much faith we have in the democratic way we elect our
leaders, it's disappointing to look at some of the leaders we've elected. Even
the word we use to describe them as public officials is kind of disparaging.
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ARTICLE - Celtic to Decimalisation, by Ken
Elks. - Roman coins circulated in Britain from Celtic times, even before
the conquest by the emperor Claudius in A.D.43. Following the occupation normal
Roman coins were then used for some 250 years before Britain had its own mint.
However, the Romans issued many coins with reference to Britain, including gold
coins of Claudius showing a triumphal arch inscribed DE BRITANN, commemorating
the conquest. The initial phase of the conquest established a frontier from
roughly the Severn Estuary to the Wash. The Britons were mostly allowed to
retain their rulers, serving as client-kings of the Romans.
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Dallas, Texas: "This is the only known die
pairing of this truly memorable Dahlonega gold dollar," said Greg Rohan,
President of Heritage Auction Galleries, "made even more remarkable when one
considers that the '58-D is one of the four or five rarest dates from this mint
in high grades." "From a production of just 3,477 pieces, presently there are
about 50 Mint State examples certified by both services combined." This is the
finest-known example of this rare issue."
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Pictorial The gold, at center,silver,
at right, and bronze medals of the Turin 2006 Winter Olympic games are seen in
Turin,Italy, Tuesday, Jan. 10, 2006. The design of the medals is inspired by
the shapes of historical Italian coins and rings, and the hole at the center of
the medals represents the open space of a piazza, an Italian square.
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THE VALUE of 500 notes in circulation
has soared to 185 billion in the four years since the euro was introduced
as the high-denomination bill becomes the banknote of choice for international
criminals. Strong demand for the 500 note led the European Central Bank
almost to double the value of the bills that it printed to 95 billion
last year, from 51.8 billion in 2004. No new 500 notes had been
printed in the previous two years. After the addition of 294 million new
500 notes in the past two years, the denomination now accounts for the
most value in circulation of any euro note.
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UBS is a wealth management company providing
services on a worldwide basis. This very large, successful firm was previously
known as the Union Bank of Switzerland. It issues a beautiful bilingual stock
certificate one certificate throughout the world regardless of where
issued. With obvious Swiss heritage, the certificate displays an image of their
legendary hero, William Tell.
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Dale Friend Collection of Mint State
Liberty Nickels To Be Sold in March - ANRs offering of the New York
Connoisseur Collection, slated for March 14-15 in Baltimore, will include the
finest PCGS Registry Set of Liberty Nickels ever formed. With an average grade
over MS-66, the superb collection formed by Dale Friend focuses on superb
visual appeal in addition to technical merits. Of the 33 dates in the
collection, two-thirds are finest or tied for finest certified by PCGS and none
were graded lower than MS-65.
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Strong bidding on high-priced lots helped Ira
and Larry Goldberg realize $10.5 million at the firms Pre-Long Beach
Auction. Held Feb. 5-8, the sale featured an 1879 Stella, graded Proof-65 Deep
Cameo by Professional Coin Grading Service, that fetched $241,500. Also making
noise was an 1877 pattern $50 half union, graded Proof-64 by Numismatic
Guaranty Corp., that brought in $230,000.The surprise of the sale,
said Ira Goldberg, was the strength of expensive key coins. Interest was
keen on coins worth over $50,000. Both Stellas, the half union, the Schoolgirl
pattern dollar, and early Seated half dollars all brought six
figures.
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Composition of the dime, quarter dollar and
half dollar once a hotly debated issue - The composition of our dime,
quarter dollar and half dollar are taken for granted today but at one time the
composition of these coins was a hotly contested issue. In the years between
1960 and 1964, the rising coinage output at the Mint had increased that
agency's silver usage from 42 million ounces in 1960 to 144 million ounces in
1964, and it seemed that if nothing were done the Mint's annual consumption of
the precious metal would hit 300 million ounces in the near future.
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COLUMBUS A year ago, Tom Noe was a
high-level Taft appointee and a go-to Republican fund-raiser who vacationed in
palatial waterfront homes and was a regular at the exclusive Inverness Club.
But a special audit released yesterday alleges that part of his lavish and
charitable lifestyle was a mirage, bankrolled with money from the $50 million
he controlled in two rare-coin investment funds for the Ohio Bureau of
Workers Compensation.Without the conversion of the states money
with the help of phantom coin deals, auditors said Mr. Noe did not
have the cash to afford his lofty status in the community.
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Feb. 23 (Bloomberg) -- Federal Reserve Vice
Chairman Roger Ferguson's resignation may help new Fed chief Ben Bernanke win
support at the central bank for a numerical inflation goal. Ferguson, who quit
yesterday effective April 28 after eight years on the Fed's Board of Governors,
opposes an inflation target, partly because it may limit the central bank's
flexibility. Bernanke's support for such a move has been a hallmark of his work
as an economist.
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A young doctor died a sudden death in Sweden
lately. He quickly succumbed to cancer. The circumstances of his death are
still enshrouded in mystery. He is said to have found a treasure-trove several
months prior to his demise. One of the coins was engraved with an ancient rune
meaning need. The doctor did not believe his friends who had
repeatedly warned him that the coin with the rune was in fact a curse against a
finder.
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Extraordinary million pound collection of
ancient gold coins comes to the market with Bonhams - A stunning hoard of
gold coins, the Clarendon Collection - mainly English Hammered and Milled Coins
covering the spectrum of the Kings and Queens of England - will be sold by
Glendinings the coin division of Bonhams on March 28 and October 17. These fine
coins have been collected over the last 30 years and in the majority of cases
were bought from named coin collections such as Lockett, Norweb and
Beresford-Jones. They vary in price from £10 to £10,000 plus and
are a mix of fine to extremely fine in quality.
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COLUMBUS, Ohio -- Ohio has arranged to sell a
number of rare U.S. coins and $10,000 bills on behalf of the state Bureau of
Workers Compensation for at least $7.5 million, bringing a $1 million
profit, according to state Atty. Gen. Jim Petro. He added that he is confident
the BWC will recoup its original investment of $50 million in rare coins,
currency, and other collectibles.The original investment in the coins and
currency to be sold was about $6.5 million from 2002 to 2005.
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The stage is set for selection of the Coin of
the Year after a first round of balloting resulted in 10 finalists. The current
contest, sponsored by World Coin News, is for coins released in 2004. Unlike
recent years, no countries won more than once in individual categories.The
United States $1 commemorative marking the 125th anniversary of Thomas
Edisons electric light invention (KM-362) was named Most Historically
Significant coin. Alderneys £50 silver kilo coin of the 50th
anniversary of the D-Day invasion (KM-40), was named Best Contemporary Event
coin.
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A 100-lot mail-bid sale estimated at $7
million of mostly slabbed, high-grade Mint State coins from the Capital Coin
Fund formerly administered by Tom Noe will be auctioned off next month. William
King, of Development Specialists Inc., is overseeing liquidation of the coin
fund assets. The word weve been getting is that this is a good time
in the coin market, he said. We expect the items in this sale to be
very well received.The complete list of coins is available to view online
at www.frostbrowntodd.com/coins
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Q. David Bowers and David M. Sundman go back
in time to study the currency of different periods in American history in their
new book 100 Greatest American Currency Notes. Published by Whitman, the
coffee-table-sized book is 224 pages long and includes full-color photographs
and stories for every note covered by the authors. 100 Greatest American
Currency Notes provides a guided tour of the paper money of Colonial America,
the Continental Congress, the early states, the Confederacy, old banks and
private issuers.
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CHINA has such a huge stash of other
countries' money that it could, in theory, hand out bonuses equaling half a
year's wages to all 770 million of its famously low-paid workers. The country
will soon release statistics showing it has passed Japan as the biggest holder
of foreign currency the world has ever seen. Its reserves already exceed $800
billion and are on track to reach $1 trillion by the end of the year, up from
just under $4 billion in 1989. But China, it turns out, has held a similar
position before.
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Collectors can trace development of cent
compositions with nine coins - One of the great benefits of collecting U.S.
coins is that you, the collector, can decide what to collect, with only your
interest, patience and budget limiting your hobby choices. Some collectors
spend decades and tens of thousands of dollars building a focused, specialized
collection, such as die varieties of Capped Bust half dollars. Such a
collection could easily contain hundreds of pieces, especially if encompassing
die states and die stages in addition to the varieties.
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As we close in on nearly four years of a bull
market that has carried values continually higher across virtually all U.S.
coin series and grade ranges, buyers and sellers are facing fundamental market
changes that often require tough decisions. Of course, the biggest question
overhanging the market is: How long will this bull run last? The answer is: If
we stick with it long enough, we'll find out - it's an unknown. The future of
this market is a very serious subject for buyers and sellers. Not only for
collectors, in deciding whether to sell a lifelong collection, or whether to
continue buying at these levels, but it is a serious question for dealers, as
well.
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Reasons, explanations and wild guesses buzz
around like flies on roadkill. For economist and layman alike, ultimate answers
for golds resurgence stay stubbornly out of reach. However, true to their
calling, analysts, asset managers and brokers all advance their wisdom, and
having digested their smorgasbord of opinion, readers remain just as confused,
but quite entertained and otherwise educated, nonetheless.
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