(Irvine, California) Responding to the
increasing demand for higher-value coins, Teletrade® has announced its
Premier Plus program, an ongoing series of auctions by Internet and telephone
every two months that offer certified coins with a retail value each of $1,000
or more. Our Premier Plus sale in mid-February included a 1931 Double
Eagle, graded PCGS MS-65, that sold for $88,480, a Teletrade record for a gold
coin, said Ian Russell, Teletrade President.
|
THE Bank of China, the country's biggest
foreign currency lender, plans to allow investors to buy and sell gold using
their US dollar accounts in a move to boost sales of the precious metal. The
BOC's Shanghai branch says it will start trial trading in greenback gold this
year and expand the pilot to its other branches in China. China now allows
investors to buy and sell gold only through yuan accounts, though the sales are
based on the dollar value of the metal on international markets.
|
Dallas, Texas: "In my experience, proof
coinage from 1896 and 1898 is consistently of the highest quality and aesthetic
appeal of any 19th-century U.S. coinage," said Greg Rohan, President of
Heritage Auction Galleries. "One explanation for the high quality seen on many
1896 proof dollars," Rohan said, "is that two obverse dies were used to produce
the 762 proofs struck. Assuming that the first few dozen coins struck from a
fresh pair of dies would be cameos, the fact that two dies were used should
double the number...
|
Colonials, Errors, and Rare-Date Gold
Particularly Well Represented - Irvine, CA: On March 16-17, Bowers and
Merena will be traveling to Maryland to conduct the Official Auction of the
Baltimore Coin and Currency Convention. The sale is scheduled for three
sessions, and it will be conducted at the Hyatt Regency Baltimore
(410-528-1234). Online bids are currently being accepted at the Bowers and
Merena website, www.bowersandmerena.com
|
In a dying art, engravers handcraft money -
including this week's new $10 bill to foil counterfeiters. - WASHINGTON
Chris Madden's job would drive most artists crazy. He works inches away
from his canvas - a blank piece of steel - staring through an antique brass
magnifier with his left eye, hand carving the lines and dots that form a
meticulously detailed picture. Working this way, it takes months to complete a
portrait. To make matters worse, his last major work sold for only $10.
|
Dr Matthew Ponting, from the
Universitys School of Archaeology, Classics and Egyptology, is
investigating the chemical composition of the coins to further understanding of
how and where they were made. Dr Ponting believes that analysis of the coins
will also shed more light on the political and economic issues of the Roman
Empire. Dr Ponting and his colleague Professor Kevin Butcher from the American
University of Beirut, are using unique analysis techniques to examine the
make-up of the coins and establish their silver content.
|
Among a number of British colonial rarities to
be offered by Noble Numismatics in a March 22-24 Sydney, Australia, auction is
a true relic of a fading empire: a Malaya & British North Borneo $1,000
dated March 21, 1953, Standard Catalog of World Paper Money No. P-6.Queen
Elizabeth II is there at right front in full glorious imperial purple. Readers
need not bother to check, for the Standard Catalog doesnt price an issued
example of this note in any grade. It just lists it as Rare.
Specimen examples would seem, however, to be a little more common. The catalog
prices these at $2,500 in uncirculated.
|
A rising tide lifts all boats, a young John F.
Kennedy administration liked to say back in the early 1960s. Indeed it does.
The question is whether the rising tide in numismatics will do the same. Paper
money is hot. U.S. coins are hot. World coins are certainly improving, but
because of the dispersed nature of the field, it always has to fight more head
winds than the other two areas. In the United States we have just two shows
dedicated to world coins, the New York International Numismatic Convention in
January and the Chicago International Coin Fair at the end of March.
|
(Newport Beach, CA) PCGS Currency, a
division of Collectors Universe, Inc. (NASDAQ: CLCT) of Newport Beach,
California, has made the first known public inventory by series type of
historic bank notes recovered from a safe salvaged from the submerged Italian
ocean liner, Andrea Doria. More than 3,600 recovered notes certified by PCGS
Currency will be made available to collectors by Rare Coin Wholesalers of Dana
Point, California to coincide with this years 50th anniversary of the
ships sinking.
|
U.S. Immigration and Customs Enforcement (ICE)
has returned to the Saudi government more than 130 pounds of ancient coins that
agents seized from a man who had removed them illegally from a shipwreck in the
Red Sea. "Artifacts such as these coins are not trinkets that can be pilfered
and sold to the highest bidder," said Department of Homeland Security Assistant
Secretary Julie L. Myers, who heads ICE. "To their rightful owners, these
artifacts are priceless items that are cherished and proudly displayed.
|
TREASURE hunters in Suffolk unearth more finds
than nearly anywhere else in the country, it has been revealed. Over an
eight-year period from 1997, 212 treasure cases were reported throughout the
county, making it the second richest area for archaeological objects. The
figures, contained in the Government's most recent Treasure Annual Report, show
one of the biggest finds was a medieval gold ring, worth £3,750, found by
a member of the public in Eye.
|
Off the market for two decades, an 1854
Kellogg gold $20 piece is returning to the auction block. Graded MS-64 by
Professional Coin Grading Service, the coin will be one of the featured items
in the American Numismatic Rarities March 14-15 sale of the New York
Connoisseurs Collection that precedes the Baltimore Coin and Currency
Convention.The cataloger for the sale describes the piece as A simply
extraordinary specimen, displayed at recent conventions to the wonderment of
seasoned numismatists.
|
(Santa Clara, CA) The finest known set
of 1915 Panama-Pacific International Exposition commemorative coins will return
to the Bay area for the first time in 91 years and be exhibited during the
Santa Clara Coin, Stamp & Collectibles Expo. The show will be held in the
Santa Clara, California Convention Center, Thursday through Saturday, March 30
April 1, 2006. This outstanding exhibit showcases five superb
condition gold and silver coins, registered by Pan-Pac officials as the sixth
of 24 original complete sets made at the time,
|
Dublin, OhioANACS, Americas oldest
grading service, recently launched its new ClearView coin holder.
Thousands of the new holders have been mailed to ANACS customers who had
recently submitted their coins for grading. Besides its larger
sizeapproximately 3-1/4 by 2-1/2 inchesthe label can easily be read
from the top. The holder, with its sleek and innovative design, beautifully
displays the coin to its greatest advantage and allows a better view of the
edge.
|
What does eye appeal have to do with grading
coins? If the top grading services, NGC and PCGS, label a coin with a grade,
shouldnt it be the same price no matter what? The answers to these
questions are as complex as buying a new car. All cars have four wheels, an
engine, some seats, brakes, and can be driven from one place to another. Yet,
all cars are not created equal. There are hundreds of different makes and
models that vie for the consumer dollar. The difference in price between two
new 2006 cars can be as much as $50,000 to $100,000; sometimes even more. Coins
are no different.
|
Early copper coins, specifically half cents
and large cents, make up probably the most difficult area of U.S. coins to
grade and value. In the 1940s, Dr. William H. Sheldon developed a quantitative
scale for grading the large cents of 1793 to 1814, the basis for the 1 to 70
grading scale now used throughout the hobby. In addition to using this scale to
grade, he tied this numeric scale to a system of valuation.n essence, the value
of "1" represents a Basal State - just barely identifiable. In valuing these
coins, the Basal State was the constant.
|
DISCOVERY - Bass Dannruther 1E variety
(Taraszka 32) - Larry Abbott, Executive Vice President and CSO of Superior
Galleries of Beverly Hills announced today that Silvano DiGenova, CEO and Chief
Numismatist of the firm has discovered a previously unknown specimen, and the
third finest known 1803 Large Stars Reverse with 13 Stars, Bass Dannruther 1E
variety (Taraszka 32). The coin is an Extremely Rare (Low R7) survivor of a
mintage estimated at originally only 250 to 500 coins from one single mating of
dies. There are now only six specimens known, and two of those are
damaged!
|
Americas first silver dollar struck in
1794 as well as two 1913 Liberty Head nickels will be exhibited in Atlanta at
the National Money Show, April 7-9, in the Cobb Galleria Centre, 2 Galleria
Parkway.The rare coins will be displayed along with the U.S. Treasury
Departments $1 billion exhibit of $100,000 bills, as well as competitive
and noncompetitive exhibits and a club section in what is shaping up as one of
the most successful ANA National Money Shows in memory.
|
|