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Coin News for March 23, 2010
U.S. Mint Announces Products For Sale at the National Money Show
U.S. Mint
The United States Mint today announced products it plans to offer for sale during the American Numismatic Association’s National Money Show at the Fort Worth Convention Center March 25-27, 2010. In addition to buying collector favorites, visitors to the agency’s booth, #115, will be able to view and purchase the 2010 American Veterans Disabled for Life Silver Dollar and the 2010 Boy Scouts of America Centennial Silver Dollar.
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The Riddle of the Double Eagle
Heritage Blog
Recently I fielded a riddle of my own from another department. Actually, it wasn’t a riddle, but a genuine question: why do numismatists call the big gold coins “double eagles” when there’s only one eagle on the back? I giggled a little. I hadn’t thought about the term “double eagle” that way. Then I put on my Serious Professional cap and typed my reply. The word “eagle” in “double eagle” doesn’t actually refer to the bird on the reverse, but rather a denomination of ten dollars.
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New Iran Banknotes
PressTV
The Central Bank of Iran (CBI) will issue new 100,000-rial banknotes within four months, says CBI Head Mahmoud Bahmani. “We have ordered 100,000-rial banknotes to be printed and people will get these notes within four months,” said Bahmani on Monday, IRNA reported. Last week, the CBI announced that the bank plans to print 100,000-rial banknotes in the current Iranian year, which started on March 21.
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Finish the Set and Earn the Reward
Dave Harper’s Buzz
I was working on new price charts for the 2011 edition of North American Coins and Prices. They were created 20 years ago for the first edition and now with almost 40 years of data reflected by the movement of the graphs, they tell an interesting story. Coin collecting by no means is the royal road to riches. Average collectors can expect that overall values keep up with inflation or stay just ahead of it. The coins that make the headlines for record prices do not reflect what average collectors would be buying over time and so cannot be taken as a proxy measurement for the overall success of average collectors. One lesson that might be drawn is the bulk of the value of sets is in the key coins and it is the price appreciation of the key and semi-key coins that keep collectors ahead of the game.
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Royal Danish Mint Releases 2010 Spring/Summer Catalogue for Coins
Royal Danish Mint
The Royal Danish Mint has an Internet shop with a view to serving Danish and foreign coin enthusiasts and collectors. The Internet shop is a great success and it is our impression that customers worldwide welcome this easy and secure way to buy collector’s coins and coin sets. Our website provides information about and pictures of all coins minted in Denmark. This little catalogue is therefore meant as a service to customers without Internet access. The catalogue includes the pictures and descriptions of collector’s coins currently found at www.royalmint.dk. Updated catalogues will be published from time to time. The Royal Danish Mint takes orders by telephone.
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Riksbank to Renew Swedish Banknote and Coin Series
CisionWire
The Riksbank has decided to renew and modernise the entire Swedish banknote and coin series. A proposal to the Riksdag (the Swedish parliament) suggests the introduction of a 2-kronor coin and a 200-kronor banknote, and also the replacement of the 20-kronor note by a 20-kronor coin. ”When we supplement the present banknote and coin series with a 2-kronor coin and a 200-kronor banknote, there will not need to be as many banknotes and coins in circulation as there are now. The coins will also be smaller and lighter. This will make cash management easier and reduce the impact on the environment,” says First Deputy Governor Svante Öberg.
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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.
