Coin News Daily September 19 2008
Former VP had valuable coins in basement
Forbes - AP
A privately held St. Louis-based brokerage firm says millions of dollars of gold and silver collectible coins were found in the basement of its former vice president. HFI Securities Inc. said when the business learned earlier this week that Don Weir Jr. had the coins, it notified the FBI, which took custody of the coins and is investigating.
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BoM issues special gold coin
Le Défi Media Group
The Bank of Mauritius has issued a commemorative gold coin to mark the 40th anniversary of the Independence of Mauritius and to pay a special tribute to the Father of the Nation, Sir Seewoosagur Ramgoolam.
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131 Moghul period gold coins unearthed in TN village
The Hindu
A treasure of ancient gold coins dating back to the Moghul period was unearthed at a village near here. The coins numbering 131 and kept in a earthen pot came to light when Nadumadhu (40) and his wife Kannammal of Kalkundapatti village, 47 km from here, were digging their piece of land for constructing a house
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Shaky Banks Spur Gold Spike
By Debbie Bradley, Numismatic News
Wall Street is shaking from the fall of Lehman’s and the Federal Reserve’s $85 billion bailout of American International Group. And when the market gets shaky, that’s when people like to get their hands on hard assets like gold and silver.
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Scotland ‘won’t lose its bank notes’
By Publicservice.co.uk
The deal made to enable Lloyds TSB to take over HBOS may be seen by some in England as a masterstroke but in Scotland many are seeing it as the end of a national institution and a threat to Scotland retaining its own bank notes, which it has had since 1695.
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Gold Futures Decline Most Since 1980 on Plan to Avert Crisis
By Marianne Stigset - Bloomberg
Gold futures in New York fell the most in almost 28 years as central banks eased investor concern by pumping cash into global credit markets and U.S. officials said they were developing a plan to stop banks from failing.
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Counterfeit coin-making machinery up for bid tomorrow at police auction
By Amanda Milkovits - Providence Journal
They called him “The Coin” because Louis B. Colavecchio was good at making near-perfect counterfeit tokens for slot machines at casinos from Foxwoods to Vegas. So good, that he spent more than two years in federal prison in 1998 for his handiwork and was paid $18,000 by the feds as a consultant to explain why his manufacturing dies outlast those at the U.S. Mint.
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