Gold-laden shipwreck will be raised next week
Sowetan
A gold-laden, 500-year-old Portuguese shipwreck discovered by chance off Namibia will be salvaged by the end of next week. This is according to the ministry of culture in Lisbon, Portugal. A team of archaeologists from Portugal, the United States and Zimbabwe are working to raise the wreck before October 10 — the deadline set by Namibian government officials owing to huge costs involved.
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CPAC Appointment is Positive News
Wayne Sayles - Ancient Coin Collecting Blog
The latest selection by President Bush to the Cultural Property Advisory Committee already has some in the archaeological community grumbling as they see Brent Benjamin’s appointment as “bad news”. That is hardly unexpected I suppose, considering that archaeologists have in effect had a lock on at least one of the museum community seats on the committee for some time.
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Perth Mint Unveils 2009 Bullion Coins
By World Coin News
Australian kangaroo, kookaburra, koala and lunar coins will make up the Perth Mint’s 2009 Australian Bullion Coin Program. The coins will be available Oct. 1. The 1, 1/2, 1/4, 1/10 and 1/20 ounce gold coin reverse design depicts a kangaroo with a joey in its pouch with a representation of the Southern Cross constellation and the seven-pointed Commonwealth Star in the background.
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U.S. Mint picks clad coinage to cut production costs
By Paul Gilkes - COIN WORLD
In 1965, the United States Mint began issuing the first of its clad coinage. A clad coin, in the case of the U.S. issues, is one in which outer layers of one metal or alloy are bonded to an inner core of another metal or alloy. From 1793 to the mid-1960s, virtually all U.S. coinage compositions were either a pure metal (the copper half cents and cents of 1793 to 1857) or homogenous alloys of two or more metals.
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Wait Gets Longer for Bullion Coins
By Patrick A. Heller, Market Update
In the past week, the U.S. economy has been hit with the two largest bank failures in history (Washington Mutual, Inc. and Wachovia Corporation with total combined assets in excess of $1 trillion), a collapse of efforts by the federal government to try to destroy the value of the U.S. dollar through a so-called $700 billion (which I think would actually cost at least double that amount) bailout of Wall Street firms.
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