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Coin News for March 15, 2010
New Philippine Peso Notes to be Released
Inquirer
The late President Corazon Aquino and the country’s tourist spots will be among those to be featured in the new generation of peso bills which will be released in December this year, according to OIC Central Bank Governor Diwa Guinigundo. “I do not want to go into details as of now. Because if I do that, I might be accused of politicking, referring to Aquino, whose only son is running for President,” Guinigundo added. “Anyway, we will have a formal launching of the new bills soon.” There were previous proposals to have Ms Aquino on the bills following her death in August last year. The government is also looking into the inclusion of the underground river in Palawan—considered one of the new wonders of the world.
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What Will Future Collectors Think About Us?
Dave Harper’s Buzz
It is a typical Monday morning as seen from my desk at Numismatic News in Iola, Wis. Gold is up a tad, silver is negative by a cent. My e-mail contains an inquiry from someone who claims to have a 1967-D Lincoln cent and he even concedes that the coin is in rough shape. So what do you think I will tell the guy who sent me 17 images of the supposed 1967-D coin? Another e-mail warns of another potential online scam from China.
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Off-Quality Coins Hard to Sell to Retail Clients
Coin Values
The annual March Whitman Coin & Collectibles Baltimore Expo tests the market as it is the first major show for many dealers and East Coast collectors after the Florida United Numismatists show in January. At this year’s March Whitman Baltimore expo, dealer consensus seems to be that off-quality coins are very hard to sell to retail clients, but at the right price many less than stellar coins can still find buyers on the sight-unseen markets. A look at the auction prices realized by the Bowers & Merena auction reveals a continuance of the selective market that was seen at this past January’s FUN show, with buyers readily passing on coins that don’t meet their quality standards.
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Seated Liberty Silver Dollars Not Inexpensive
Numismaster
Lesser known but so rich in history the Seated Liberty dollar continues to be in the shadows of other silver dollars. It’s natural. Where there are millions of Morgan and Peace dollars to promote, the Seated Liberty dollar, which only had two mintages of even 1 million pieces, is always in short supply. Those limited supplies make the lesser known Seated silver dollar a great value today. But prices start in the hundreds of dollars, so the coin is not for those who like to collect out of pocket money.?
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Ukrainian One- and Two-Kopeck Coins to Stay in Circulation
Ukrainian News Agency
The National Bank of Ukraine is not intending to withdraw from circulation one- and two-kopeck coins. Ukrainian News learned this from a statement by the National Bank of Ukraine. “In response to mass media reports saying about alleged plans of the National Bank of Ukraine to withdraw from the cash circulation coins of one kopeck and two kopecks, we inform that the withdrawal of coins of 1 and 2 kopecks was not planned and was not announced,” reads the statement.
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Elgin Commemorative Coin Happy Ending
Numismaster
Better late than never might well be the message of the Elgin, Ill., half dollar as the monument it was supposed to help finance back in 1936 was finally dedicated in 2001. Even so, in the world of older commemoratives where the money sometimes disappeared, the good news is that Elgin finally has its Pioneer Memorial. Of course there is a story behind the 2001 dedication. It goes back to the mid-1930s, a time when suddenly all sorts of ideas, both good and not-so-good, were getting approval for commemorative coins. Apparently the town of Elgin figured they too deserved a coin since they were going to celebrate their centennial. However, Elgin went a lot further than others. Instead of using the coin to help finance a beer tent and party to mark their centennial, Elgin wanted to erect a Pioneer Memorial.
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About the Author
Tim Shuck is a life-long Midwestern resident, and started collecting coins after finding an Indian Head cent on the ground at his childhood farm home. Additional encouragement came from looking through a collection of well-worn late 19th and early 20th century coins kept by his grandfather in an old leather coin purse. Current collecting interests include U.S. types from the Civil War era through the early 1930's, and Colonial and Early American coins.
