Coin News Daily April 2, 2009

By CoinLink on Friday, April 3, 2009
Filed Under: Coin News Daily

G20 supports IMF’s plan to sell 403 tons of gold
Marketwatch
Leaders from the Group of 20 nations Thursday endorsed the International Monetary Fund’s plan to sell 403 tons of gold to raise funds to support the world’s poorest countries.
The announcement from G20 leaders helped add pressures to Thursday’s gold trading. Gold futures fell $20.30, or 2.2%, to $905.80 an ounce in recent trading on the Comex division of the New York Mercantile Exchange. See Metals Stocks. The G20 vowed in its statement to “use the additional resources from agreed IMF gold sales for concessional finance for the poorest countries.
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Owner of gold coins found in Utah; woman arrested
KSL.com
Mystery solved! The owner of 14 gold coins has been identified, and the woman who took them to a bank near St. George has been arrested. The mystery woman who exchanged the coins has been the subject of gossip and a police investigation for a couple of weeks. Now she’s in jail. At first, the mystery woman seemed to be a sympathetic victim because she got only $20 each for coins worth $900 apiece.
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Discovery Of Black Swan Treasure Chronicled On TV Tonight
TBO.com
The season finale of “Treasure Quest” at 10 tonight on Discovery recounts the recovery of 17 tons of gold and silver coins from a sunken Spanish ship that Tampa-based Odyssey Marine Exploration is still battling to keep. Cameras recorded the first moments when the salvage company picked up an ancient gold coin with a robotic arm from Odyssey’s remote control submersible nicknamed Zeus.
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Enhanced Certification Verification with Coin Images Now Available
NGC
NGC has introduced a new tool on its website to verify the certification information of all NGC-certified coins. When available, enlargeable images of both sides of the encapsulated coin are shown alongside information from the NGC certification database. The NGC database includes a complete record of coins graded by NGC since it began operations in 1987.
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Counterfeiters and Authenticators Do Battle
By F. Michael Fazzari, Numismatic News
Recently, I wrote a brief synopsis covering the evolution of counterfeit coins that I have witnessed since becoming a professional authenticator in 1972. To continue along this track, let’s roll back the clock a few years and review some of the characteristics commonly seen on older struck counterfeits. One was the lack of relief and the “style” of the letters in the legend. During the transfer process used to prepare many fake dies, the shape of the original coin’s parts was spread out and became slightly rounded. Hence, the counterfeit did not appear to be as sharply defined as the genuine specimen.
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The Enchanted Island Says ‘Bienvenidos’ To New Commemorative Quarter
US Mint
Cheers rang out today in Old San Juan’s La Arcada in Paseo La Princesa as United States Mint Director Ed Moy and Governor Luis Fortuño placed a mockup of the Puerto Rico commemorative quarter on a giant map, signaling the ceremonial launch of the United States Mint’s latest coin release.
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