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CoinLink News - Week In Review  |
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Numismatic
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| 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. |
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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.
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| 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 firms 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.
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The changing face of $1 coinsU.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.
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| 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."
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New Dollar Coin DebutsMint
Officials Hope Gold-Colored Coins With Presidents' Likenesses Will Do Better
Than PredecessorsCBS News - 02/15/2007
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| 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. |
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| 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. |
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Headlines
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| 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. |
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| 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 states
Big Sky Country slogan create the same jingle-jangle among
collectors as previous releases did? After all, the campaign started in January
1999. |
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| 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 |
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| 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. |
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Delaware Online - 02/16/2007 |
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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. |
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Kiplinger - 02/16/2007 |
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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. |
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Numismatic News - 02/16/2007 |
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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. |
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ICG - 02/14/2007 |
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Presidents
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. |
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Numismatic News - 02/15/2007 |
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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. |
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PCGS - 02/14/2007 |
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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. |
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Bank Note Reporter - By Allen Mincho - 02/14/2007 |
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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. |
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Press Release - posted 02/14/2007 |
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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. |
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Press Release - posted 02/14/2007 |
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1st
Capital Reserve, one of the nations 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.
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| 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. |
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News Sentinel - 02/13/2007 |
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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. |
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| 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. |
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numismatic News - 02/13/2007 |
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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 |
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| 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. |
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Coin Values - 02/13/2007 |
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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. |
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| Guinea Token |
World Coin News- 02/13/2007 The Liverpool Kings 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. |
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Interactive Investor - 02/12/2007 |
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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. |
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New Orleans CityBusiness - 02/12/2007 |
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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. |
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Resource Investor - 02/12/2007 |
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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.
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UPI - 02/12/2007 |
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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. |
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Phili Business Journal - 02/12/2007 |
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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. |
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| 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 dont know. I am on
record at the Sarasota Coin Clubs 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. |
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Asbury Park Press - 02/11/2007 |
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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. |
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MSNBC - 02/11/2007 |
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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. |
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Numismatic News - 02/11/2007 |
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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. |
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Numismatic News - 02/11/2007 |
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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. |
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Hamilton Spectator - 02/10/2007 |
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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." |
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