More News at a Glance – August 13, 2010

By CoinLink on Friday, August 13, 2010
Filed Under: Coin News Daily

September 11 Commemorative Medals to be Issued in 2011
Coin Update News
On August 6, 2010, President Barack Obama signed a bill into law, which will require the production of medals in commemoration of the 10th anniversary of the September 11, 2001 terrorist attacks and the establishment of the National September 11 Memorial & Museum at the World Trade Center. The medals would be issued starting in 2011, in a quantity of up to 2 million.
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One Extra Ray in Liberty’s Crown
Numismaster
Eagle-eyed variety coin aficionado Rich Darby of New York State has found a Denver version of a Thomas Jefferson Presidential dollar with a die clash resulting in an aberration that makes the rays in Liberty’s crown (on the reverse) appear to have an eighth ray where there are normally seven. It appears between Liberty’s neck and the first ray from the viewer’s left. He recently found six of them out of six uncirculated rolls he obtained from a local bank.
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Six Named to Inaugural Class of PCGS CoinFacts Dealer Hall of Fame
PCGS
The Professional Coin Grading Service (PCGS) has established the PCGS CoinFacts™ Coin Dealer Hall of Fame and named six acclaimed dealers as its inaugural inductees: Q. David Bowers, the brothers Henry and Samuel Hudson (S.H.) Chapman, B. Max Mehl, Wayte Raymond and W. Elliot Woodward. The announcement about the Hall of Fame and the initial inductees was made at the PCGS Set Registry luncheon held in conjunction with the American Numismatic Association World’s Fair of Money in Boston on August 13, 2010.
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Don’t Bet on Repeal of 1099 Mandate
Numismatic News
Like many others, I was somewhat surprised by the 1099 reporting requirements inserted into the recent health care legislation. Obviously, this is a huge issue within the coin collecting community. That said, it only makes sense that the Industry Council on Tangible Assets is now making efforts to lobby for the elimination of these burdensome requirements, specifically, by their support of H.R. 5141.
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Malaysian State Introduces Islamic Currency
The Associated Press
A Malaysian state’s attempt to revive use of gold and silver coins common in early Islamic societies has run afoul of the country’s central bank, which said Friday that local governments have no authority to issue their own currency. The gold dinar and silver dirham coins provide an alternative to this Muslim-majority country’s currency, the ringgit, in the northeastern state Kelantan, which is governed by the Pan-Malaysian Islamic Party, a conservative opposition group that promotes religious policies in its rule.
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$225,000 Year of the Dog Coin at Heritage’s Auction
Paul Fraser Collectibles
Heritage’s auction of US coin is drawing to its climax in Boston, with some classic rarities drawing six figure bids. This weekend, however, a second auction of world coins will also conclude at Heritage, and that is likely to be every bit as lively. The likely top lots in the sale are three gold coins from China. Not well-aged coins, or ones which were ever likely to be spent, but commemorative 10,000 Yuan gold pieces, created in very limited number explicitly for export.
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