More News at a Glance – September 2, 2010

By CoinLink on Thursday, September 2, 2010
Filed Under: Coin News Daily

‘Rarest New Orleans Double Eagle’ to Sell at Heritage’s Coins Auction
Paul Fraser Collectibles
Many coin collectors and numismatists can’t help getting a little excited at the mention of gold Double Eagle coins, but some stories are likely to excite anyone with even a casual interest in the pursuit.Heritage’s September Signature sale of rare coins is a vast affair, comprising several thousand lots, some of very low value, but a few truly exceptional rarities, and none more so than an 1856-O $20 (graded XF45+ by the NGC).
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Government Melted Recalled Coins
Numismatic News
When the government nationalized gold coin and bullion some 77 years ago, it gave less than month for Americans to turn in their hoards, allowing an exemption of up to $100 in gold coin per person, and also permitting collectors of “rare and unusual” coin to maintain their collections. On March 9, 1933, the statute was amended to declare (as it remains today) that “during time of war or during any other period of national emergency declared by the President,” the President may regulate or prohibit (under such Rules and regulations as the President may prescribe) the hoarding of gold bullion.
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Interview with United Future World Currency Project Coordinator
Coin Update News
Few people had heard of the United Future World Currency movement until Russian President Dimitri Medvyedev held up one of the prototype coins in support of the concept of an alternative world currency to the US Dollar. He was heard to comment, “Here it is, you can see it and touch it. This is a symbol of our unity and our desire to settle such issues jointly.” With this statement from Medvedev, the world’s media glare focused on the idea of a worldwide single currency alternative to replace the US dollar as a potential and feasible alternative.
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Demand Determines Coin Distribution
Numismaster
Why is it so hard to find current-date coins in some parts of the country? I’m especially interested in the new Lincoln cents.The distribution pattern of the Federal Reserve banks is based on demand rather than equality. First, your local bank must be a member of the Fed in order to get coins. Second, banks order coins from the Fed based on need.You’ve mentioned several coins or medals that mark two different events. Wouldn’t the Montana Statehood medal fit in that category?
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Historian Finds Hoard of Roman Coins
The Westmorland Gazette
A metal-detecting historian has made an exciting discovery of rare Roman coins at a South Lakeland caravan park. John Harrison, 60, uncovered a hoard of 30 ancient Barbarous Radiates coins, thought to date back to 250AD, while walking with his metal detector at Holgates Caravan Park, near Arn-side. Experts described the find as ‘historically significant’. Mr Harrison, from Carnforth, also found 10 bronze Roman trumpet brooches.
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Counterstamped Coins
Stack’s
Stack’s is pleased to present a significant group of countermarked coins in our upcoming Philadelphia Americana auction on September 30 through October 2, 2010, highlighted by the cabinet formed by Anthony Terranova. The combined offerings include a single Capped Bust half dime in this group countermarked “EXTRA”. Remarkably there are seven examples of countermarked dimes from 1805 through the 1837 Draped and Capped Bust designs, five of which are listed in Brunk and two are mavericks.
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