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Coin News for May 3, 2010
2010 Central States Professional Preview Experiment Deemed a Failure
Dave Harper’s Buzz
The Central States Numismatic Society experiment regarding having a full day for Professional Preview attendees who pay $75 to get in has been judged a failure and the approach will be abandoned for next year’s Chicago convention, Kevin Foley says. Too many people who had come for the Professional Numismatist Guild Day on Wednesday did not like the idea of paying the admission charge on Thursday. They also did not like hanging around waiting until Friday, so they left. Dealers who spent a large amount of time on Thursday twiddling their thumbs did not like it, either. So, next year, the Professional Preview portion of the convention will see its hours cut back to 9 a.m. to 2 p.m. on Thursday and public attendance will run from 2 p.m. until 7 p.m. on that day.
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2010 U.S. Gold Buffalo Sales Open Strong
Coin Update News
Sales of the 2010 American Gold Buffalo bullion coin have reached 48,500 just one day after the United States Mint began accepting orders for the popular 24-karat gold bullion coins. Earlier this week, the US Mint announced that they would accept orders from authorized purchasers starting on April 29, 2010. Similar to other bullion offerings, the United States Mint distributes the American Gold Buffalo coins through a network of authorized purchasers, who buy the coins in bulk quantities and then resell them to other dealers and the public.
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Iowa State University Student Charged With Counterfeiting
Ames Tribune
An Iowa State University student is facing serious misdemeanor charges after being arrested this week for running a counterfeit “study bucks” operation out of his dorm room. Christopher Michael Williams, 18, of 2681 Helser Hall, allegedly was caught making the fake certificates after creating a Facebook.com group dedicated to offering his services as a counterfeiter. According to court documents, ISU police were contacted by the Helser Hall director regarding the fake study bucks.” The certificates are handed out to students who use the hall’s commons areas for studying and can be redeemed at the end of the year at a silent auction for things such as gift cards, iPods, a digital camera and a GPS unit. Students can also use the coupons at the Helser Hall Desk General Store to buy snacks.
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Gold in His Veins: The Story of John Daggett
The E-Sylum
Rich Kelly and Nancy Oliver have become well established as the premier researchers of San Francisco Mint history, and the latest fruit of their labor is a fascinating book about the life of a person known to numismatists mostly for the wrong reason. It has long been assumed that John Daggett was the primary person responsible for the creation of a United States numismatic rarity–the 1894-S dime. In addition to chronicling his entire life from birth to death, Kelly and Oliver have provided compelling evidence that Daggett, superintendent of the San Francisco Mint 1894-97, played only a peripheral role in the creation of these coins, though he may have been aware of their rarity at some point.
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Bahamas to Issue New 10-Dollar Notes
Banknote News
The Government of The Bahamas wishes to advise the public that an updated series of $10 banknotes will be issued by the Central Bank bearing the image of Sir Stafford Sands, former Minister of Finance of The Bahamas and a principal architect of the modern Bahamian economy. Sir Stafford’s image was first placed on the banknote on March 7th, 2000, when the series 2000 banknotes were released into circulation, replacing the image of Her Majesty Queen Elizabeth II. In 2005 the government of the day determined to remove the image of Sir Stafford and to replace it with the image of Her Majesty the Queen.
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2009 a Positive Year for Mint of Finland
Mint of Finland
Last year was clearly positive for Mint of Finland in terms of its results. Turnover, which totalled € 39 million, was up by 56 percent. The company’s operations are measures by its results, security of supply and working capacity. The profits of the financial year turned positive (+ € 0.3 m). Security of supply was 92.6%. Absenteeism, which is an indicator of working capacity, was 5.1%. The Circulation Coins business unit of the parent company surpassed the forecast results and their objectives for the year. In 2009, Mint of Finland minted 1.3 billion coins and entered new market areas e.g. in North Africa. However, the Collector Items business unit did not meet expectations due to the economic recession. The success of new collector’s items abroad compensated for the poor demand in Finland.
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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.
