An Interview with Liberty Seated Dime Collector and Author Gerry Fortin
Collectors Weekly
Gerry Fortin almost wrote the book on Liberty Seated dimes. Instead, in 2004, he launched a website called “The Definitive Resource for Liberty Seated Dime Variety Collectors” at seateddimevarieties.com, which is a member of our Hall of Fame. The basis for Fortin’s deep knowledge of Liberty Seated dimes is his personal collection of some 1,500 coins in all the major design groups and varieties.
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Lawsuit Asks Fed for Gold Info
By Patrick A. Heller – Numismaster
On Dec. 30, the Gold Anti-Trust Action Committee, Inc. (GATA) filed suit against the Federal Reserve in the U.S. District Court for the District of Columbia. The suit seeks a court order for the Federal Reserve to more fully respond to GATA’s Freedom of Information Act requests (which date back to December 2007) to learn information about the Federal Reserve’s involvement with gold swaps from 1990 to date. The text of the suit can be viewed at http://www.gata.org/files/GATALawsuitVs.Fed-12-30-2009.pdf.
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Five Reasons Why You Should Own Silver Coins
Silverseek
Through thousands of years, silver has maintained its worth and its utility, providing a currency and a means of exchange through the rise and fall of great empires. Silver has always retained intrinsic value; indeed, silver has never fallen to zero, and it has appreciated decade after decade and century after century. One ounce of silver today would purchase just as much as it did thousands of years ago, without any significant risk.
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A Preview and Summary of US MINT 2010 Coins
Coin Update
The year 2010 will include an interesting assortment of coins for collectors, including the launch of a brand new series, the continuation of several series with rotating designs, and two band new commemorative coin programs.The America the Beautiful Quarters series will launch in 2010. This series follows the previous two programs which have provided rotating reverse designs since 1999.
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Stanford Clients to Get Back Gold Coins, Bullion, Judge Rule
Business Week
R. Allen Stanford’s gold customers will regain possession of $21.2 million in coins and bullion seized 11 months ago from the company’s Houston headquarters when federal regulators raided the offices on suspicions the financier was running a $7 billion Ponzi scheme. Investors had urged U.S. District Judge David Godbey, who is overseeing the U.S. Securities and Exchange Commission’s fraud lawsuit against Stanford in Dallas, to release their gold as prices for the metal reached an all-time high during 2009.
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Auction prices show pause in ’09 results
Numismatic News
“Gold Hits All-Time High,” “Unemployment Tops 10 Percent,” “10 Percent of Homes Are in Foreclosure,” “Dollar Rises, Gold Falls,” screamed the headlines in 2009. But how has the uneasy economic situation affected you personally? And how has it affected the coin industry? It would certainly make sense for coin collectors to cut back on hobby purchases because of the troubled economy.
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PCGS alters guarantee
Coin Values By Steve Roach
Professional Coin Grading Service’s recent announcement that it will be changing its guarantee may have wide-ranging implications for collectors, especially those who collect high-end world and copper coins. First, PCGS now limits the guarantee on non-U.S. coins to $10,000 per coin, with a limit of $1,000 per coin for Chinese coins.Changes to its guarantee of color for copper coins could have broader implications. PCGS states: “Since environmental factors can create changes in the color of copper beyond our control, we will not be guaranteeing the color of copper coins graded or sold after Jan. 1, 2010.” .
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NumisMedia Market Report: The Time to Buy Is Now or Never
NGC
The US Mint recently announced the suspension of sales of the American Eagle Gold coins. A depleted inventory of Gold bullion blanks is the reason given for the temporary suspension. They will resume sales once they have additional inventories to supply the market. However, dealers have noticed in the past that the Mint usually does not buy competitively into the Gold market when the price of the bullion appears to be unreasonably high.
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