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February 12 - 18, 2007 Go Back To CoinLink News Archives


Numismatic News

Million-dollar nickel is coming back to North Carolina
02-12-2007 - Charlotte Observer - MIKE BAKER Associated Press

Walton Specimen - 1913 Nickel
RALEIGH, N.C. - A legendary coin born of clandestine creation, lost in tragedy and discovered decades later after a worldwide search is returning to North Carolina. A 1913 Liberty Head nickel valued at $3 million will visit the Tar Heel state for the first time since the death of its owner 45 years ago. The coin - one of only five in existence - disappeared when coin collector George Walton died in a 1962 car crash near Middlesex while on the way to a Wilson coin show. Now the American Numismatic Association plans to show the elusive nickel March 16-18 at the National Money Show in Charlotte - one of Walton's hometowns.
Nickel ...will visit the Tar Heel state for the first time since the death of its owner 45 years ago.

"Uncle George eventually wanted to open a museum," said Walton's niece Cheryl Myers, who now co-owns the nickel. "Since that never came about, this gives a good opportunity to show - especially in Charlotte - what the man was about. We're thrilled."

For four decades, the lost nickel confounded those in the numismatic scene. Hobbyists and experts scoured the earth, and some had combed the highways near Middlesex believing it may have been lost during the car crash.


Overton Variety Discovered At Heritage
Borckardt Finds New 1806 O-130 Rarity
Heritage Auctions - Press Release - 02-13-2007

Dallas, TX: A previously unknown die pairing in the 1806 Bust half dollar series has been discovered by Heritage Senior Cataloger Mark Borckardt. This new variety will be known as Overton-130 and is the first recorded combination of two previously known dies: the obverse is the same die found on Overton varieties 123, 124, and 128, while the reverse was previously known only on Overton-115.
New Discovery 1806 O-130 Bust Half
The new variety has been certified by NGC as VF30 and carries the additional “Discovery Coin” designation. The coin will be available for viewing at the Long Beach Coin Expo, and will be offered by Heritage in their Central States Numismatic Society Signature Auction, scheduled for St. Louis on May 9-12, 2007. Spirited attention from the many specialists in this series is expected for this unique discovery coin.

Obverse is that of O-123, 124, and 128 and the Reverse is distinct match for O-115.
After searching for such a new variety for more than thirty years, Borckardt discovered the new 1806 variety while attributing half dollars from a consignment received by Leo Frese, the firm’s Executive Vice President. Borckardt reflected: “For any student of early American coinage, the ultimate experience is the discovery of a new die variety. The discovery of any new die variety, regardless of the series, represents a highlight of dedicated numismatic study. That it occurred in a series studied as extensively as the early half dollars is especially exciting.”




The changing face of $1 coins
U.S. Mint officials say they believe consumers are ready this time for an alternative to paper dollars, as well as for another collector's item
2-13-2007 - By Azam Ahmed - Chicago Tribune

This time it's going to work, they swear. A $1 coin is the right piece of change at the right time, said the U.S. government, which will unveil the presidential dollar this week. Other attempts, such as the Eisenhower, Susan B. Anthony and Sacagawea, were doomed to fail when $1 coins were deemed obscure or unnecessary.
Modern US Dollar Coins
"We're becoming a cashless society, so I think it's a waste, personally.
But with inflation, it's become inconvenient to lug around quarters: think parking meters, where one quarter buys about 10 minutes, or laundry machines, where handfuls are required for just two loads. "The timing is much different today than even six years ago," about the time when the Sacagawea golden dollar coins came out, said U.S. Mint Director Edmund Moy. But tell that to Chicago consumers like Derek Duman.

"I prefer as little change as possible," said Duman, 43, who works in sales. "We're becoming a cashless society, so I think it's a waste, personally." While Duman said he liked the idea of presidential coins, he pointed to his cup of Starbucks coffee to make a point. "I just bought this $2 cup with a credit card. I think the coins are cool, but I just don't know how much I'll use them."



New Dollar Coin Debuts
Mint Officials Hope Gold-Colored Coins With Presidents' Likenesses Will Do Better Than Predecessors
CBS News - 02/15/2007

New Washington Presidential Dollar
George Washington's birthday celebration will have a golden tinge this year. Millions of new gold-colored dollar coins bearing the first president's likeness are being introduced in time for the festivities. The question is whether people will reject them as they did the two previous $1 coins.
“If the new one-dollar coins are going to win, then one-dollar bills will have to lose,”

U.S. Mint officials are hoping they have overcome the problems that doomed the Susan B. Anthony and Sacagawea dollars. Coin experts are skeptical.

The new $1 coins, the first in a series featuring four presidents a year, were to go into circulation on Thursday, just before next week's President's Day celebrations.

Learning from past mistakes, the Mint is making sure the coins will be widely available so people will not be disappointed when they show up at banks looking for the coins.


Presidential $1 coin unveiled to mixed reviews
1st coin, with likeness of George Washington, promises to benefit consumers, collectors.
CNN Money - By Christian Zappone - 02/16/2007

Washington at the Grand Central Event.
Coin enthusiasts and casual collectors lined up Thursday morning at Grand Central Terminal in New York for the first opportunity to get the $1 presidential coin - but the new coin's widespread adoption is far from guaranteed. The coin features George Washington and will be followed this year by coins featuring John Adams, Thomas Jefferson and James Madison. Four new coins will be introduced each year featuring presidents in the order they served.
“"very interesting and a good idea, but I don't think it will catch on.”

Edmund Moy, Director of the U.S. Mint, compared the program to the popular state quarter series initiated in January 1999. "We have 140 million collectors of the state quarter," said Moy. "The more people collect, the more they will use it."

The last scheduled coin is Gerald Ford in 2016. None of the coins will bear the image of any living former or current President. Coins of deceased former presidents won't be made until two years following the date of death.

Each president will be honored with only one coin regardless of the number of consecutive terms they served. President Grover Cleveland, who served two non-consecutive terms, however, will be featured on two coins.


More News ......
Headlines .....

Canadian Cent
CTV.ca - 02-16-2007
A new study says it doesn't make 'cents' to keep the penny. In fact, only 37 per cent of Canadians still use the coin for purchases, found a survey conducted by Desjardins Group. According to economists with the group, there are about 20 billion pennies in circulation -- amounting to about 600 per Canadian.

Map Album of Quarters
CecilWhig - 02-16-2007
The U.S. Mint issued its latest installment in the commemorative state quarter series Wednesday. But will the newest tribute coin — a Montana quarter embossed with the state’s “Big Sky Country” slogan — create the same jingle-jangle among collectors as previous releases did? After all, the campaign started in January 1999.

Prints of Cyprus euro coins
EU Observer - 02-15-2007
Cyprus has applied to join the eurozone on 1 January 2008, as part of a trend that is seeing the EU's smallest new members rush to get into the single currency while bigger economies such as Poland and Romania pull further away from the euro-horizon. Nicosia's formal letter of application arrived on the European Commission's desk on Tuesday (13 February), starting a process that should see EU states give the green light at the EU summit in June

Cyrene Coin depicting a silphium plant seed
Slate- 02/14/2007
Americans will dole out countless Valentine's Day paraphernalia today, a good portion of which will be in the shape of hearts. In an "Explainer" column printed last year and reproduced below, Keelin McDonell attempted to track down the origin of the Valentine's Day symbol and explain how it got its familiar shape.

Delaware Online - 02/16/2007
Congressman Michael Castle has been committed to collectible coins as moneymakers since he had the bright idea for the popular 50-state series of quarters back in 1999. This week he's the man behind the debut of a dollar series from the U.S. Mint depicting deceased U.S. presidents, from George Washington on. Maybe he'll have the golden touch again.
Kiplinger - 02/16/2007
CARACAS, Venezuela (AP) - President Hugo Chavez announced Thursday that a new currency will be introduced into Venezuela next year in order to combat inflation. Chavez said three zeros will be stripped from the bolivar, and banknotes and coins for the "new bolivar" would enter into circulation in early 2008.
Numismatic News - 02/16/2007
Donald H. Kagin of Tiburon, Calif., announced that he will seek a third term on the American Numismatic Association board of governors. NN0220Kagin.jpgKagin, who followed his father into professional numismatics, said, “Four years ago I made a commitment to my father, family and the numismatic community to devote a full 10 years of service to the association that has been so good to my family and me,” Kagin said.
ICG - 02/14/2007
President’s Day 2007 marks the release date of the Presidential Dollar. These dollars are exciting to collectors of all ages and are unique in many ways. Perhaps most significantly, the mint mark, the date and the two mottos, “In God We Trust” and “E Pluribus Unum”, only appear on the edge of the coin. The position of these edge-incused inscriptions will vary with each coin. This is a break from the conventional positioning of these inscriptions, usually found on the obverse and reverse of the coin.

Numismatic News - 02/15/2007
The U.S. Mint elected to jumpstart its Presidential $1 Coin Program by having its official Web page for the program up and running Feb. 1 in advance of the Feb. 15 official launch. Collectors can get their online Presidential coin fix by visiting www.usmint.gov/mint_programs/$1coin.
PCGS - 02/14/2007
Beginning in 2007, the U.S. Mint will produce a series of circulating one-dollar coins to honor each of the American presidents. The coins will be issued in the order in which the Presidents served. Four Presidential coins will be issued each year until the series is completed. The first coin, the Washington $1, is expected to be released on February 15, 2007. Each of the Presidential coins features an edge incused with the mottoes “E Pluribus Unum”, “In God We trust”, the date and the mintmark.
Bank Note Reporter - By Allen Mincho - 02/14/2007
The year has opened on a very strong note, with both the just completed Florida United Numismatists convention in Orlando and the Heritage Currency Auctions of America sale substantially exceeding even the most optimistic pre-event expectations.
Press Release - posted 02/14/2007
The fiscal second quarter marked a period of great change at Superior," noted William H. Oyster, Interim President and Chief Executive Officer of Superior Galleries, Inc. Mr. Oyster continued, "As Superior prepares for its previously announced acquisition by DGSE Companies, Inc. (DGSE), substantial restructuring is occurring.
Press Release - posted 02/14/2007
1st Capital Reserve, one of the nation’s leading rare coin companies, today announced that it has been acquired by award-winning rare coin expert Mike Fuljenz and Universal Coin & Bullion, Ltd., also of Beaumont, Texas.
British Museum Collection
Korea Times- 02/14/2007
A study of an ancient silver coin showing Cleopatra has challenged the idea that one of history¡¯s most romantic couples was also among the most beautiful, the British newspaper Independent reported Tuesday. The daily said that judging by the words of Marc Antony's lieutenant Enobarbus in William Shakespeare's play, the effect of Cleopatra's beauty on her lover was utterly mesmerizing.

News Sentinel - 02/13/2007
Catherine de Leon might be called a coin collector. Specifically, she collects pennies. More to the point, she collects squished pennies. They are known formally as "elongated coins," or EC for short. Some people called them smashed pennies, but to de Leon, a mother of two who works part time as a pattern maker for Dockers in San Francisco, they are squished pennies.
New Discovery 1806 O-130 Bust Half
Press Release - 02-13-2007
A previously unknown die pairing in the 1806 Bust half dollar series has been discovered by Heritage Senior Cataloger Mark Borckardt. This new variety will be known as Overton-130 and is the first recorded combination of two previously known dies: the obverse is the same die found on Overton varieties 123, 124, and 128, while the reverse was previously known only on Overton-115.

numismatic News - 02/13/2007
Anthony A. Tumonis, a Tucson, Ariz., hobbyist and coin dealer, has announced his candidacy for the seat on the board of governors of the American Numismatic Association. Tumonis said he believes the ANA should serve all members equally whether they are a dealer or collector. His platform is to bring back the standards and values that he says all members deserve
Grand Central Station
US Mint- 02/13/2007
As Presidents Day approaches, New Yorkers will get a chance to experience big change coming to the country. The United States Mint will release the first Presidential $1 Coins into nationwide circulation on Thursday, February 15, 2007. Kicking off at Grand Central Terminal, New Yorkers may exchange their currency for the first George Washington $1 Coin.

Coin Values - 02/13/2007
A 1795 Capped Bust, Small Eagle half eagle graded Mint State 65 prooflike by Numismatic Guaranty Corp. was the top-grossing lot, at $530,000, among 544 lots of U.S. and world coins, tokens and paper money offered Jan. 20 at auction in Philadelphia by Coinhunter C.E. Bullowa.
Guinea Token
World Coin News- 02/13/2007
The Liverpool King’s Orange Rangers has issued its second $10 municipal trade token. The token, called the Guinea, has currency value at participating merchants in Liverpool, Nova Scotia, until July 1, 2007. The obverse of the token shows the Rangers’ badge with the legend DUCIT AMOR PATRIAE, a map of Nova Scotia, 1776-1783, EXPIRES JULY 1, 2007 and 1996-2007.

Interactive Investor - 02/12/2007
NEWPORT, Calif. (AFX) - Collectors Universe Inc., provider of authentication and grading services to gemstone dealers and collectors, said Friday it swung to a fiscal second-quarter loss as it hired more coin graders and notched losses in its diamond-grading business. The company also noted that earnings from the year-ago period include one-time benefits from early termination of an employment contract.
New Orleans CityBusiness - 02/12/2007
Blanchard and Co. applauded the International Monetary Fund today for adopting a "landmark" accounting change to the way Central Banks account for its gold loans, giving this sector of the commodities market more transparency than ever. "This is a huge step forward for the precious metals market and a major victory for the gold market investor," said Blanchard Chairman and CEO Donald Doyle Jr.
Resource Investor - 02/12/2007
Consumers from 10 states have sued a group of telemarketers for fraud and deceptive trade practices in the marketing of “rare” coins, according to a press release by the Gibson Law Firm, representing the consumers. In a lawsuit filed in state court in Beaumont, Texas, 21 affiliated companies are accused of using high-pressure, unlawful telemarketing tactics to convince senior citizens and others to buy gold, platinum and silver coins of dubious worth and origin.
UPI - 02/12/2007
STOCKHOLM, Feb. 12 (UPI) -- A group in Sweden wants to replace the king's head on the one krona coin with the likeness of children's author Astrid Lindgren of Pippi Longstocking fame. The anti-monarcy association Republikanska Föreningen thinks writer Astrid Lindgren would be a better symbol for Sweden than the king, the country's English language Web site The Local reported.
Phili Business Journal - 02/12/2007
PHILADELPHIA — Morgan Mint, a seller of coins, stamps and other collectibles, has leased 17,372 square feet at 801 Springdale Drive in Exton, Pa. The private company wanted a site that was closer to QVC Inc., the West Chester, Pa.-based home shopping channel it uses to sell its products. It had been using a temporary Philadelphia-area site in Delaware County.
Cents & Nickel
Numismatic News - 02/11/2007
Since the Treasury imposed a ban on melting or exporting cents and nickels Dec. 14, the hobby has been looking for the other shoe to drop: the announcement of new compositions for both coins. Nothing has happened yet on that front. What will the Mint decide and will Congress go along with the recommendations? I don’t know. I am on record at the Sarasota Coin Club’s January meeting in Orlando with a forecast that bonded steel is in our future so that the coins can retain their current look. That, of course, is pure speculation.

Asbury Park Press - 02/11/2007
PHILADELPHIA — In most government buildings, workers and visitors have to walk through metal detectors on their way in. While that's also the case at the Philadelphia Mint, the biggest scrutiny comes when it's time to leave the building. Highly sensitive metal detectors scan people and their items for any coins. The smallest amount of metal, even underwire in bras, can set off the buzzer.
MSNBC - 02/11/2007
WASHINGTON - Maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures. An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
Numismatic News - 02/11/2007
The mystery of the 1933 double eagle will be a topic of one of a new series of 30-minute video programs to be produced by the Smithsonian Institution and Showtime Networks in their jointly owned Smithsonian Networks LLC. Only one of these rare $20 gold pieces is legal to own privately and it sold for $7.59 million.
Numismatic News - 02/11/2007
Arthur Fitts has thrown his hat into the ring for a seat on the American Numismatic Association board of governors after sitting out a term.The Framingham, Mass., hobbyist and dealer said, “I believe my four years of experience on the board, my years as an appointed officer of the ANA and my continuing involvement with and commitment to the ANA and to the hobby make me an outstanding contender for a board seat,” said Fitts.
Hamilton Spectator - 02/10/2007
The U.S. government is appealing a ruling by a federal judge who ordered the Treasury Department to make it easier for blind people to identify the different denominations of banknotes. Any change is opposed not only by Washington but also by the National Federation of the Blind, which says blind people don't need "feel-good gimmicks that misinform the public about our capabilities."