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More News at a Glance – December 17, 2010

‘First example’ of the 1882 Gold banknote sells with $500,000 estimate

Paul Fraser Collectibles
Limited to just 14,000, this note, appearing for sale for only the second time, is the star at Heritage. Heritage Auctions, the official auctioneer of the Florida United Numismatists (FUN) Show, will present a substantial number of rare and exceptional notes as part of its Signature Currency Auction. The sale is being held on January 6-10 in Tampa, Florida.
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Dealers Confused by New America the Beautiful Sale Rules
Numismatic News
Dealers say new rules imposed by the U.S. Mint on the sale of 5-ounce silver bullion coins are far from clear. “I think there is some question on exactly how those rules apply, and we don’t have answers to the questions,” said Michael Haynes, CEO of American Precious Metals Exchange, one of 11 companies authorized by the Mint to sell the new America the Beautiful coins. APMX has ordered 3,000 sets, the maximum allowed per distributor.
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Yoko Donates Gold Lennon Coin
A unique 22-karat gold version of the new John Lennon £5 coin of Alderney has been donated by Yoko Ono to Great Britain’s Alder Hey Hospital’s Imagine Appeal for auction next year to raise money. Ono is the widow of the famous Beatle songwriter/singer/musician. The coin is part of the British Royal Mint’s Great Britons series of £5 silver Alderney coins. Lennon was chosen to accompany in the series such luminaries of history as Winston Churchill by choice of the British public.
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Interview with the Central Bank of Ireland’s Coin Department Head of Marketing
Coin Update News
One of the most innovative sets of national coinage of its day (many would say they can still hold their own against some of the most innovative coinage concepts today) were the designs which came to be affectionately known as the “Barnyard” series. They are once again resurrected as Ireland issues the first of three coins in a new series of silver collector crowns. In 1926, a commission organized to decide the themes for circulation coins of the newly established Irish Free State came into being and was headed by the poet (and later Senator) W. B. Yeats.
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The 1962 Seattle World’s Fair Million Silver Dollar Exhibit

The E-Sylum
One of the many committees working on the 1962, six-month-long, Seattle World’s Fair, which would live on in the Space Needle and Monorail, was responsible for producing, promoting and selling souvenir medals for the exposition. The committee, with Northwest Historic Medals, was also charged with producing a venue for medal sales and was thus attracted to an advertisement for Behlen buildings. The committee also conceived of the display of a million silver dollars to attract medal purchasers and thus contacted Gerry Joseph, Behlen’s sales manager, to see if they might be interested in a package promotion.
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US Mint Sales: Silver Coin Products in Demand

Silver Coins Today
The United States Mint welcomed a newcomer to their America the Beautiful product portfolio. The five ounce 2010 America the Beautiful Silver Bullion Coins began with debut sales of 75,000 from Authorized Purchasers. That is 375,000 ounces of silver in a single day on their launch Friday.As for the other US Mint bullion product, demand for Silver Eagle bullion coins picked up compared to the first week of December. The .999 fine bullion Silver Eagles advanced 1,005,000 in the last seven days, which totals 1,422,000 in the first half of December. Annual sales rolled in at 34,312,500.
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