Coin Collecting News

Among the numerous provisions in the omnibus spending bill H.R. 2764 also called the Consolidated Appropriations Act, 2008 [CAA2008] passed by Congress this week, is SEC. 622 requiring the United States Mint to produce six new designs for the quarter after the popular 50 State Quarters program ends next year.The measure was added to the bill by Representative José E. Serrano, a Democrat who represents the South Bronx and is chairman of the House Appropriations subcommittee that deals with financial matters.Under the proposed legislation, congress has mandated that six new “state quarters” be added to the 50 State Quarter Program in 2009 . Actually the “states” are not states at all, but comprise 5 US territories and the District of Columbia.The House had passed legislation to extend the 50-state quarter program to 56 designs four previous times. However in each instance, an anonymous “hold” in the Senate precluded the Senate Banking Committee from holding hearings or the majority leader from bringing it to a recorded vote. This year, with congress tring to get the omnibus spending bill passed before Christmas, and with over 9000 other “earmarks” included in the legislation, no “hold” was placed and the additional new quarters appear to have made it into the program.The following New quarters will be produced:

* The District of Columbia* The Commonwealth of Puerto Rico* Guam* American Samoa* The United States Virgin Islands* The Commonwealth of the Northern Mariana Islands

Continued

Special Note is the First Graded Superb Gem New 69 of Any Large Size Type

IRVINE, Calif. – Teletrade, America’s largest fully automated Internet auction company for certified coins and currency, announces the record-setting sale of an 1899 “Black Eagle” Silver Certificate. Bidding on the note advanced to $30,000 during Teletrade’s December 10 auction, but the note did not meet the reserve. A day after the sale, Teletrade sold the note to a private buyer who was previously unavailable during auction bidding.

Teletrade is not releasing the final price the buyer paid or the identity of the buyer, but will confirm the sale price was in excess of $30,000. According to Ian Russell, president of Teletrade, “This note sets records as the highest price paid for a non Serial Number One ‘Black Eagle,’ and it is the second most expensive for the type.”

This impressive note was a record-holder even before the sale, in addition to its record sale price, as it is the first large size type note of any design to receive the grade of “69PPQ” from PCGS Currency. Continued

DeBakey Gold Medal, Lincoln One-Cent Coin Design Candidates Slated for Review

The Citizens Coinage Advisory Committee (CCAC) will hold a public meeting at 9 a.m. (ET) on January 15, 2008, at United States Mint headquarters at 801 9th Street NW, Washington D.C. 20220. The purpose of the meeting is to conduct business related to the CCAC’s responsibility to advise the Secretary of the Treasury on themes and designs pertaining to United States coinage. Continued

AKRON - It seems like a plot out of a Hollywood movie: thieves break into a vacant storefront, carve their way through a wall and armed with a torch, get their hands on what is inside a loaded safe.
But Akron Police detectives believe that scenario is exactly what happened at Chet’s Coin Shop sometime this past weekend.
Click Here to View Video Report

The shop’s owner, 73-year-old, Chester Endress lost some rare coins in the heist, including a 1795 half dime and a 1925 Buffalo nickel worth an estimated $50,000.