Coin News Daily November 3, 2008
Overhyped Nickel Error Sees Value Take Tumble
By Ken Potter, Numismatic News
Still, it was my opinion that you only had to take a look at the design to see that this aberration was going to repeat itself over and over again on many dies. Where you have extensive areas of design that are relatively close to the field even when the dies are new, (as we have on this coin), it stands to reason they will be abraded and worn away much easier and more often than coins that feature generally deeper designs throughout. The most common cause of this is routine die-dressings like aluminum oxide cloth (or other abrasives) that the Mint applies to dies several times during their life to remove die clash marks and other minor imperfections.
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$20 Gold Highlights Santa Clara
Certified Assets
The finest known 1907 Ultra High Relief Saint-Gaudens $20 gold piece will be the centerpiece of a multi-million dollar exhibit, “100 Greatest U.S. Coins,” during the first three days of the Santa Clara, Calif., Coin, Stamp & Collectibles Expo, Nov. 13-16. The show will be held in the Santa Clara Convention Center, 5001 Great America Parkway, where free parking is available.
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Moy opens new ANS HQ
Numismatic News
A ribbon cutting formally opened the new American Numismatic Society headquarters Oct. 24 at 75 Varick St. in New York City. ANS President Roger Siboni held the red ribbon as U.S. Mint Director Edmund C. Moy cut it with a scissors.
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Demand outstrips supply
By Mark Ferguson - COIN VALUES
American Eagle silver and gold bullion coins have been the cornerstone of the U.S. bullion market since they made their debut in 1986. Walk into any coin shop or show, check eBay or any bullion trading Web site, and one thing was certain. There would be plenty of American Eagle bullion coins available. It didn’t matter if a shopper was looking for a single example or 1,000 pieces. The order could be filled swiftly.
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PCGS Grading Expert Miles Standish Featured in The Numismatist
PCGS
Michael “Miles” Standish, Senior Grader and Vice-President of Business Development for Professional Coin Grading Service, is the featured “Numismatist in Action” in the November 2008 issue of The Numismatist Magazine. The article summarizes Standish’s interesting and rewarding numismatic career, which began when the aspiring sportscaster attended an American Numismatic Association (ANA) Summer Seminar. He subsequently took an authenticator position with the ANA Certification Service. In addition to his other accomplishments, Miles holds the distinction of being the first full-time coin grader employed by PCGS.
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Feds Roll Out ‘Rainbows’ With Extra Security
By Fred L. Reed III, Bank Note Reporter
As reported in these pages in past columns, the nation’s money stock was in dire straits in the half decade following the conclusion of the Civil War. To finance the war effort and wrench the rebellious districts back into the Union, the feds had launched a greenback fiat currency that had proven to be a sitting duck for the clandestine paper mills in the Northeast and Midwest.
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‘£50,000 reward for stolen coins
Press Association
A £50,000 reward has been offered for the recovery of one of Britain’s most important historic coin collections. The coins, which are estimated to be worth at least £250,000, were stolen from the home of Lord and Lady Stewartby in the Scottish Borders last year.
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