Category Archives: News

Press Magnifies the Scarce to Rare Segment of Market

Et tu Brute? We have recently witnessed the sale of an 1804 silver dollar, seen a 1794 silver dollar be offered at an astronomical price but fail to sell, and one of three known gold aureii of Julius Caesar assassin Brutus surface. Now, add to those coins the announcement one of the famous 1943 copper Lincoln cents will be offered in a November auction.
Furthermore, consider that Chartered Alternative Investment Analyst Association has recently forecast that what they call the “alternative asset classes” of investments will grow globally between 18 and 24 percent by 2025

Continue reading on Numismatic News

StacksNYC-300x151

Stack’s Bowers Opens Flagship Gallery in NYC

Stack’s Bowers Galleries recently opened its new flagship gallery at 470 Park Avenue in Midtown Manhattan, the company announced in an Oct. 20 press release. Located just down the block from their historic West 57th Street storefront, this new gallery at 470 Park Avenue will serve as an East Coast numismatic destination for a new generation of collectors

Continue reading on Numismatic News

How to Best Collect Proof Coins

Is it better to collect 1936 to 1942 proof coins by the set or by the individual coin?
At one time, the proof set of 1936 to 1942 was the way to go, but today due to the hairsplitting grades assigned by third-party certification services, it would be challenging to find one of these sets intact as it was issued. Trying to match the coins in a set of any of these dates both grade-wise and with matching tone is challenging, but this is what collectors appear to favor.
 
Are proof sets for 1957 to 1963 still readily available, or have most of them been broken out to grade the coins individually?
There are still a significant number of original sets from the time period of 1957 to 1963 still available; however, if someone suspects even a single coin from such a set may grade significantly higher than the others, or if an individual coin appears to have frosted highlights, you can anticipate that set will be broken

Continue reading on Numismatic News

4-William-F.-Dunham-225x300

Mysterious Past of 1913 Liberty Head Nickel: Part Two

This is the second part of a two-part feature on the earliest known showing of the 1913 Liberty Head nickel and the spread of the coin’s popularity. The first part explored the display of the nickel by former Mint employee Samuel W. Brown at a Chicago Coin Club meeting in early December 1919, prior to his first advertisements offering to buy examples of the coin for $500, and then $600, appeared in print

Continue reading on Numismatic News

1899-barber-half-dollar-300x150

Barber Half Dollar Bargains

By Mark Benvenuto 
1899 Barber half dollar. (Image courtesy USACoinbook)
When it comes to United States half dollars, there are definitely fans for almost every series we can think of, bar none. The Walking Liberty half dollar, for example, continues to be a design that plenty of collectors love

Continue reading on Numismatic News

BullvsBear-300x212

Volatility in Bullion Market

The market for coins is not singular. For that reason, different sectors of this market may move in different directions, which is what has been experienced within the past month. Values and prices realized in the scarce to rare market segment have continued to rise, in part due to an expansion in the amount of discretionary money chasing these coins and in part due to an increase in the supply of scarce to rare coins becoming available for sale

Continue reading on Numismatic News

1983p-300x150

The 1983-P Quarter

1983-P quarter. (Images courtesy USACoinbookcom)
Sometimes a coin comes along and just stuns everyone as it seems to have a unique ability to rise in price to levels higher than anyone ever thought possible. It might very well be the case that the 1983-P quarter is just such a coin, and that decades from now people will still be writing about the 1983-P and how it soared to price levels that were hard to believe

Continue reading on Numismatic News

Charge Coin Forerunner of Card

What is a charge coin?
Charge coins are actually the forerunner of the modern charge card. Produced in various shapes and sizes as well of any of several metal compositions or celluloid plastic, the so-called coins usually had a small hole used to hold the charge coin on a key ring. Charge coins were issued to department store clients for exclusive use at the store of issue

Continue reading on Numismatic News

200902-HUG-Mint-Canberra-3042-300x200

RAM Releases Donation Dollar

By Tom Michael
When an Aussie gets a Donation Dollar in change, they are encouraged to donate that dollar back to help those in need. It could be a struggling small business, a person down on their luck or a charity designed to help those in need; it’s your choice, just as it is your choice to act.
The Royal Australian Mint’s Donation Dollar is the world’s first $1 coin designed to be given rather than spent, donated rather than collected

Continue reading on Numismatic News

BullvsBear-300x212

Simply Put: The Market Is Hot

While many of the generally available yet bullion spot price impacted silver and gold business strike coins as well as American Eagles are currently in a holding pattern, the same is not true for scarce to rare coins. More headline-grabbing rare dates are being brought to market almost daily, with upcoming auctions now becoming chocked full of material that seldom appears to be available.
Simply put, the market is hot

Continue reading on Numismatic News

Gandhi-300x149

British Currency to Show Diversity

By Richard Giedroyc
In a push to show social diversity Great Britain will soon issue a coin on which India’s Mahatma Gandhi will be featured.
Mahatma Gandhi appearing on a British coin? Wasn’t Gandhi from India rather than from Britain? Wasn’t Gandhi a non-violent leader in a successful revolution to make India independent of British rule?
Is it true the British Royal Mint was recently asked by Chancellor of the Exchequer Rishi Sunak to come up with designs for coins that might honor Jamaican-born military nurse Mary Seacole and Russian born spy Noor-un-Nissa Inayat Khan?
Queen Elizabeth II appears on the obverse of all coins of the United Kingdom. While Her Majesty appears on the front of bank notes the backs depict vignettes of Winston Churchill (£5), Jane Austin (£10), Adam Smith (£20), J

Continue reading on Numismatic News

1927PeaceDollar-300x294

Bargains in Peace Dollars Series

A 1927 Peace dollar. (Image courtesy USA Coinbook)
By Mark Benvenuto
Recently we took a close look at the rather hefty series that is the Morgan silver dollars, because these big coins always seem to be in the limelight when it comes to the sale of high-end pieces, and always seem to have a place in collectors’ hearts. But right along with them, perhaps eclipsed a bit in that limelight by the scope of the Morgans, are the Peace dollars

Continue reading on Numismatic News

PCGS-NFC-symbol-254x300

PCGS Embeds NFC Technology in Coin and Bank Note Holders

 
PCGS-graded coin and banknote holders now feature an NFC symbol on the obverse of the label. Coin holders also feature this symbol on the front bottom left of the holder. (Image courtesy of Professional Coin Grading Service)
Professional Coin Grading Service will begin embedding Near Field Communication (NFC) technology in all its encapsulated coins, medals, tokens, and banknotes in October 2020, the company announced in an Oct

Continue reading on Numismatic News

CoinJar-1-300x288

New Legislation Could Bolster Hobby

The hobby may soon get an unexpected boost from Congress. Legislation is now being considered through which circulating commemorative coins and one-year type designs could appear on circulating quarters and half dollars. While the proposed legislation has other parts that will intrigue collectors, getting the non-collecting public to start examining the coins in their pocket is the best way to get them interested in the hobby

Continue reading on Numismatic News

U.S. Mint Unveils New American Eagle Gold and Silver Coin Reverse Designs

The United States Mint unveiled new reverse (tails) designs for bullion and collectible versions of American Eagle gold and silver Coins, the mint announced in an official statement Oct. 1. The year 2021 marks the 35th Anniversary of the American Eagle Coin Program, and the new designs will begin appearing on these coins in midyear 2021

Continue reading on Numismatic News

Criteria for Numismatic Ambassadors

It was my honor to be recognized in January 2020 by the Florida United Numismatists (FUN) as one of this year’s “Numismatic Ambassadors.” This is an annual award begun in 1974 by Cliff Mishler of Krause Publications (former publisher of Numismatic News) to recognize both heroes at the grassroots level of coin collecting along with nationally known numismatists. FUN took over the program in 2015

Continue reading on Numismatic News

CSNS Seeks Virus Medal Design

The year, 2020, has been hard for coin shows and collectors alike with all the cancelations and COVID-19 restrictions put in place, socially distancing people from family and friends. This year, the Central States Numismatic Society is seeking a design for a silver medal commemorating the “year of the virus” and its effect on Central States and the hobby.
The medal will be distributed at Central States’ 82nd-anniversary convention in April and will mark both the canceled 2020 convention and the hoped-for 2021 show

Continue reading on Numismatic News

item1013-300x145

1938-S Jefferson Nickel a Hidden Gem

A 1938-S Jefferson nickel PCGS-graded MS-67 with Full Steps. (Images courtesy Heritage Auctions)
Savings rates are important for coins, and no date is a better example of that than the 1938-S Jefferson nickel. Based on its mintage, it ought to be a very good date but historically it has never lived up to its promise – almost certainly because, as the first year of a new design, it was saved

Continue reading on Numismatic News

groupHF

‘Hidden Figures’ Step into the Light on Medals

On Sept. 23, 2020, the Citizens Coinage Advisory Committee met to review and provide the secretary treasury with their recommendations for the obverse and reverse designs for the “Hidden Figures” Congressional gold medal.
“Hidden Figures” are women first employed by the National Advisory Committee for Aeronautics (NACA), the precursor of NASA, to be human computers beginning in 1935, according to NASA history

Continue reading on Numismatic News

Charity Auction Grabs Headlines

If you look at the business of coins, it appears there are two well-defined sectors that are now going in totally different directions. Prices are consolidating, which is never a good thing be it for stocks, bonds, precious metals, commodities or for collector and investor-oriented coins. Intrinsically valued circulation-strike coins, gold and silver American Eagles are impacted directly by this trend towards consolidation

Continue reading on Numismatic News

Letters to the Editor: Oct. 13, 2020

Salt River Bay Quarter a Disappointment
Is it only me, or if any other collector has found any of the Salt River Bay “W” quarters, what is their condition? It took the U.S. Mint at West Point until the first or second week of August to get them out, and the condition of them is horrendous

Continue reading on Numismatic News

buffalo-1-e1600116628974

2001 American Buffalo Dollar

A 2001 American Buffalo dollar graded MS-70 by ICG. (Images courtesy Heritage Auctions)
The 2001 American Buffalo silver dollar is not just a commemorative that has done extremely well in terms of price; it is also a fascinating issue that has more than its share of interesting aspects to consider. It leaves wide open the question of whether what worked for the American Buffalo dollar can be repeated or not

Continue reading on Numismatic News

ANA, ‘Remember the Member’

By Barbara J. Gregory
The September 2020 issue of The Numismatist (Page 55) carried a heartfelt plea from American Numismatic Association Executive Director Kim Kiick urging optimism with regard to the future of the hobby and the American Numismatic Association. Although her comments saddened me greatly, they were solidly on the mark

Continue reading on Numismatic News

U.S. Mint Basketball Coin Surprise

Wife Plays Key Role in Obtaining Basketball Coin
OK, I see people all the time that say “I got this, or I got that,” so you can say  “Hey, it’s my turn.” I had read about the Basketball coins in one of your mags, and about all there would be offered. Then we got COVID-19 and things changed

Continue reading on Numismatic News

Disturbances, Interruptions on Coin Edges

The reeded edge of a coin I recently examined appears to be disturbed. Any thoughts on what this might indicate?
Disturbances or interruptions to the reeding on a coin’s edge may suggest the coin has been repaired, especially if the coin at some time was used as jewelry and a loop that had been fastened has since been removed. The reed count on coins in some series helps detect altered dates or counterfeit coins

Continue reading on Numismatic News

Precious Metals Mining Stocks

Although I work buying and selling physical precious metals, many of our customers also own shares of precious metals mining companies. They sometimes ask my opinion on owning mining shares in general or about specific mining companies.
I owned shares of a South African gold mine for some years in the 1970s, but have not since

Continue reading on Numismatic News

coins-199578_640-300x225

Investors Dip Their Toe into Scarce to Rare Coins

There have always been dealers who will try to undercut the price at which another dealer sells a like-item. Recently, there appears to be more of this activity than in the past, especially in coins certified to be a condition that is relatively available.
The potential problem as always is the eye appeal of individual coins and what value the buyer puts on a coin without comparing it to the second example

Continue reading on Numismatic News

U.S. 90 Percent Silver Coins: Best Silver Value

A common question we hear from people contemplating a first-time purchase of physical gold and silver, once they realize there are multiple coin and ingot options, is which forms we would recommend.
There are a number of factors that can influence what would be the best answer for each buyer’s circumstances. Among those factors is: 1) whether the item is legal tender, 2) pure metal or alloy, 3) exact even troy or gram weights (or not), 4) coins versus ingots, 5) liquidity, 6) divisibility, 7) lower premium to metal value, 8) country of origin, 9) ease of storage, and 10) government regulation considerations

Continue reading on Numismatic News

Major Reed Count Varieties Exist

Differences in the reed count make for what I would consider being minor varieties. Are there any reed count varieties that are considered to be major?
Several of the Morgan silver dollar reed count varieties usually command a strong premium as does the 1876-CC Fine Reeding Seated Liberty quarter. The 153-count reeded quarter is more common than the normal variety with the standard 113 reeds

Continue reading on Numismatic News

Make Hobby Accessible to Youth

By Bob Miller 
I wanted to contact you as a subscriber that has gotten back into the hobby after a nearly four-decade hiatus. I started remembering my childhood involvement with coins when I used to visit my local hobby shop, usually for models to make and baseball cards to buy, sell and trade. But I always went over to the glass cases near the back walls to look at the older silver half dollars and dollar coins

Continue reading on Numismatic News

1907HighRelief-e1598635725531

Gold Rush Excepted for ‘Goldbug’ Collection

Heritage Auctions strikes gold this fall by offering The James Dines “Original Goldbug” Collection, named for the legendary financial prognosticator who is also an esteemed numismatist.
Dines, who rose to forecasting fame in the 1950s and ’60s, has spent more than six decades – “and I don’t know how many thousands of hours,” he said – building a collection that reflects not only his steadfast faith in the enduring strength of gold, but his unceasing curiosity. Dines sought out coins not just for their value, but for their beauty and the stories they told about those who made them and those who protected them

Continue reading on Numismatic News

Buffalo Model for Nickel and Notes

Buffalo Model for Nickels and Notes 
Being new at collecting coins, I have to rely on documentation to enlighten me about the coins I collect. The first book about numismatics I bought was the “Red Book,” 72nd edition of 2019.  I thought it was a fairly good book with lots of information

Continue reading on Numismatic News

MintStats_091520-1-scaled

Women’s Suffrage Coins Top Sales

The highlight of the week is the addition of some new Mint products to our charts, most of which honor women.
Because the Mint had released small additional quantities of the 2019-S Enhanced Reverse Proof silver American Eagle, you will see that line item listed under the “Collector Eagle Sales” category at the bottom of this page.
This week marks our first recording of sales for the 2020 Women’s Suffrage Centennial commemorative coins

Continue reading on Numismatic News

Buy/Sell Formulas for Gold and Silver

A frequent question I am asked is what kind of buy/sell formulas for gold and silver my company might use if prices soar far above their current levels. An implicit question that is part of that is whether people would even be able to sell their precious metals at all.
Most, but not all, coin dealers are seek to make a profit margin, whether buying or selling

Continue reading on Numismatic News

gold-163519_640-2-300x169

Younger Buyers Enter Metals Market

During the recent profit-taking and market correction, major retail sellers of physical gold and silver coins and ingots say they did not encounter significant panic selling by customers. They report younger buyers have entered the market and Baby Boomers continue buying gold and silver bullion coins, according to the Accredited Precious Metals Dealer division of the non-profit Professional Numismatists Guild (PNG) Aug. 18

Continue reading on Numismatic News

Activities and Projects During COVID

From the Aug. 14 Numismatic News e-newsletter
What non-collecting activities or projects have you taken up in light of hobby events being canceled?
Here are some responses from e-newsletter readers.
 
Without coin shows for these past several months, I have had a lot of time to read books and coin magazines (especially Numismatic News), and tend to my garden

Continue reading on Numismatic News

World Money Fair 2020

Market Shows Signs of Investors Becoming Collectors

Photo by Andreas Schoelzel, courtesy of World Money Fair.
In an ideal world, an interest in coins would be the exclusive realm of collectors. The current interest in the coin market is driven partially by collectors with discretionary money, but also by a significant infusion of speculators and investors

Continue reading on Numismatic News

gold-4131091_640-300x169

Precious Metals’ Soaring Prices Drives Buyers

By Patrick A. Heller
Have you heard the adage of “be careful what you wish for as you may get it?” That certainly applies to people who purchase precious metals in anticipation of soaring prices.
If the prices of gold, silver, platinum, and palladium rise significantly, these moves would not occur in a vacuum

Continue reading on Numismatic News

ANA to Hold Virtual Awards Ceremony

Every year, the American Numismatic Association (ANA) honors members with their service and dedication to numismatics, as well as recognizing member longevity in the Association.
Due to the cancellation of the 2020 World’s Fair of Money, the ANA will celebrate membership, literary and service awards on a virtual platform, the organization announced in an Aug. 18 press release

Continue reading on Numismatic News

1808-e1597753467457

The Scarce 1808 Quarter Eagle

The 1808 quarter eagle, an exceptional one-year type coin. (Image courtesy Heritage Auctions.)
How can a coin that lists for $18,000 just in F-12 and a “mere” $155,000 in MS-60 possibly be under-priced? That is a very good question, and the answer may just be that if the coin in question is the 1808 quarter eagle, the price may well be on the low side

Continue reading on Numismatic News

How Long Can Germs Live on Coins?

How long has it been estimated germs can live on our circulating coins?
No one has a solid number, however, it is known that viruses and bacteria can survive on most surfaces for about 48 hours.
 
How prevalent is narcotic residue on our bank notes?
It may be surprising, but almost all of our bank notes have traces of cocaine and other illegal drugs on them. One recent study indicated that up to 90 percent of the European Union, 92 percent of the U

Continue reading on Numismatic News

lot1006-e1597667902575

U.S. Coins Net Almost $14 Million in Stacks Bowers Vegas Auction

Over $13.94 million in United States coins and Numismatic Americana was sold in the Stack’s Bowers Galleries August 2020 Las Vegas Auction, contributing to overall prices realized of $21,739,851 for the sale across all categories, Stack’s Bowers announced in an Aug. 13 statement

Continue reading on Numismatic News

Fluorescent Light Coin Examinations

To introduce fluorescent light coin examinations, let me quote from a recent article in Road & Track magazine about one of the fastest, most powerful and expensive supercars on earth built by Bugatti: “The final step for each newly assembled Chiron is a painstaking examination under 100 fluorescent lights. NO FLAW CAN HIDE.”
While I cannot take credit for the use of fluorescent light for coin examinations, as virtually its sole proponent for the last 40 years, when its value for both authentication and grading is eventually realized, I hope that future numismatists will forget that it was not my discovery and give me the credit

Continue reading on Numismatic News

Bank Employees Searching Rolls

Bank Employees Searching Rolls ‘Absolutely Ethical’
I saw “Name Withheld’s” letter, and I have to answer: it is absolutely ethical for a bank employee to search rolls. You see, banks are in the business of taking and distributing cash. They’re not under any obligation to provide you (or anyone else) specific access to collectibles

Continue reading on Numismatic News

1961-Franklin-a-208x300

Proof Franklin Half Dollars Make Surprising Bargains

1961 proof Franklin half dollar. (Image courtesy Heritage Auctions)
By Mark Benvenuto
Franklin half dollars are a fun series to collect, even though they sometimes get pushed into the background when the best of the best among the Walking Liberty halves take the stage, and some high-end example crosses the auction block. Yet among the Franklin halves are a rather amazing subset of beautiful coins – ones that we might find qualify as amazing in price as well

Continue reading on Numismatic News

MintStats_090120-scaled

Silver Continues Upward Climb

In a trend continuing from last week, we are again singing the song of silver as it continues its upward climb at the time of this writing.
Up from second place a week ago, the best-seller this week was the 2020-W uncirculated silver American Eagle. As the spotlight on silver brightened, the unc

Continue reading on Numismatic News

Buying and Selling Gold Bullion Coins

From the Aug. 7 Numismatic News e-Newsletter
Have you bought or sold gold bullion coins during this modern-day “gold rush?” Why or why not?
Here are some answers sent from our e-newsletter readers.
 
No

Continue reading on Numismatic News

safe-3703193_640-150x150

Risks of Having ‘Unallocated Storage’ in IRAs

By Patrick Heller 
Virtually all Americans who have self-directed Precious Metals Individual Retirement Accounts (IRAs)  have chosen the less expensive form of “unallocated storage” in vaults for their holdings in these IRAs.
As we learned during the bankruptcy of MF Global during the Great Recession, unallocated storage means you don’t own real gold and silver. In unallocated storage, you have a claim against the assets of the operator of the storage vault, who is the party who has title to the gold and silver that you think you own

Continue reading on Numismatic News

PCGS-2020-Salt-River-Bay-winners-300x157

Two PCGS 2020 Quarter Quest Winners Split $2,000 Prize

Two lucky winners of the PCGS 2020 Quarter Quest will split the $2,000 prize for finding the W quarters for the new coin of the America the Beautiful quarter series: Salt River Bay National Historic Park. (Images courtesy Professional Coin Grading Service)
The PCGS 2020 Quarter Quest continues at Professional Coin Grading Service with the release of the 2020-W U.S

Continue reading on Numismatic News

Selling Coins Trickier than Buying

By Bruce Frohman
Many coin collectors buy coins for years from dealers and fellow collectors before they sell a single coin. How many times have you met a collector who proudly proclaims, “I never sell anything”?
In the acquisition phase of collecting, many collectors give no thought to future resale by themselves or their heirs.  They whimsically accumulate an incredible array of material of various quality and value

Continue reading on Numismatic News

gold-bars-4722600_640-150x150

Market Reaches Level of Exuberance

By Richard Giedroyc 
Are stocks overpriced, or are gold and silver in coin as well as in bullion format following the value of equities in tandem? Some sources are suggesting that gold and silver are moving parallel to equities due to those equities being overpriced. The record 32.9 percent decline in Gross Domestic Product in the second quarter appears to support that argument

Continue reading on Numismatic News

Spotlight Organizations, Collectors in Numismatic News

Spotlight Organizations, Great Collectors in NN
As someone who only recently returned to numismatics after a 55-year hiatus, I have a lot of history to catch up on. Articles on dealers such as the re-published story on Michael O’Higgins [Page 26, June 23, 2020 issue] help me decide whether or not I might want to do business with a dealer. Such articles should include both advertisers and non-advertisers to be truly helpful (otherwise they become “infomercials”)

Continue reading on Numismatic News

Mel-Leaves-11-13-13-150x150

Wacks Steps Down as AINA President

After 18 years as president of the American Israel Numismatic Association, Mel Wacks is hanging up his hat.
After 18 years as president of the American Israel Numismatic Association (AINA), Mel Wacks is stepping down, he announced July 31.
“I have had the pleasure and privilege of serving longer than any other AINA president, and it is time to pass the baton to a new generation,” he said

Continue reading on Numismatic News

MintStats_082520-scaled

All Eyes – and Dollars – on Silver

Silver prices are at record highs, and this week’s sales totals show that it has collectors’ attention. The top two highest sellers this week consist of silver Mint products.
Coming in first is the 2020-W proof silver American Eagle coin

Continue reading on Numismatic News

Community Voice Response: Aug. 25, 2020

From the July 31 Numismatic News e-Newsletter.
What’s your level of trust in gold’s record-high performance?
Here are some answers sent from our e-newsletter readers.
 
I’m confident gold will hit $2,500

Continue reading on Numismatic News

PNG-APMD-logo

Enjoy ‘Gold Rush’ Prudently, Advises PNG

 
Buyers of physical gold and silver during the 2020 “Gold Rush” should be wary of potential counterfeits in the marketplace, mistaking plated “gold coins” for bullion products, and avoid overpaying for any purchases, cautions the Accredited Precious Metals Dealers division of the Professional Numismatists Guild in a July 31 advisory.
“Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice,” said Richard Weaver, president of PNG-APMD. “If you don’t know gold, you’d better know your gold dealer

Continue reading on Numismatic News

United States Mint Releases Public Service Announcement Regarding Coin Shortage

The United States Mint has released the Public Service Announcement (PSA) below addressing the circulation issues causing the current coin shortage. In the PSA, Mint Director David J. Ryder asks the public to “help get coins moving by using exact change when making purchases, taking your coins to financial institutions, or turning them in for […]

The post United States Mint Releases Public Service Announcement Regarding Coin Shortage appeared first on CoinWeek.

Continue Reading on CoinWeek

U.S. Mint Asks Dealers for Coin Forecasts

By Richard Giedroyc
Silver rather than gold is where the action is! Gold bullion and readily available business strike gold coins prior to 1933 are holding their own following a significant price run-up to an all-time record for gold. It now appears silver is doing more than just catching up.
The spot price of silver has a long way to go to reach an all-time record of about $50 an ounce, but silver American Eagles and bullion-impacted common silver coins issued through 1964 are rising quickly in price as is the spot price of their content

Continue reading on Numismatic News

spingdollar

Chinese ‘Spring Dollar’ Nets $660,000 at Heritage Sale

This Chinese ‘Spring Dollar’ realized a whopping $660,00 at auction. (Images courtesy Numismatic Guaranty Corporation.)
A China 1910 Yunnan silver dollar certified by Numismatic Guaranty Corporation (NGC) realized a whopping 660,000 USD at a Heritage Auctions sale on June 12, 2020

Continue reading on Numismatic News

Pavillion

SARC Auction 37 Nets $1.85 Million

The folks at Stephen Album Rare Coins bring a substantial base of combined knowledge to the process of cataloging their high quality, diverse consignments. I think also that their bidders tend to be very well versed in the specialized fields in which they collect or trade. It is for these two broad reasons that I really enjoy bringing our readers previews or reviews of the SARC live and online auctions

Continue reading on Numismatic News

Benvenuto-150x150

Modern $5 Gold – Even on a Budget

By Mark Benvenuto
The United States Congress brought a commemorative coin program back to life in 1982 in a quiet, almost simple sort of way. They authorized a single half-dollar coin honoring the 250th anniversary of the birth year of President Washington. The next year saw an explosion of commems, all aimed at the 1984 Olympic Games held in Los Angeles

Continue reading on Numismatic News

Stone Mountain Half a Reminder of Institutionalized Racism

By Robert Grand 
Great art is timeless, but also inevitably tied to the time in which it was produced. Many coins are miniature works of art and as such, reveal the ideals and prejudices of the time in which they were minted.
Today, as we struggle with issues of social justice, and particularly as we examine the role of civil war monuments and what they signify to Black Americans (indeed all Americans), it may be instructive to examine a coin issued in 1925 known as the Stone Mountain commemorative half dollar

Continue reading on Numismatic News

How High Will Silver Go?

By Richard Giedroyc
Silver broke through the $21 an ounce barrier as this commentary was being written, so how high will silver go? Is it really the poor man’s gold? There really isn’t anything further to say that the spot price of silver can’t say for itself. Bullion and bullion-impacted coins continue their upward trend. This, in turn, is grabbing the attention of investors while the general public begins once more to check their change to see if they get lucky

Continue reading on Numismatic News

image1-e1595522136237-278x300

Letters to the Editor: Aug. 11, 2020

Research Reveals Find Created by Chet Krause
Check out this historic find! The steel penny isn’t part of it, it’s just something I picked up at the same time. I started researching and found that this publication’s founder made these. I thought it was a cool find considering I’m in Florida

Continue reading on Numismatic News

NJ-Woodstown-trio-11734-1024x878

Reader’s Showcase: Series of 1929 Notes

By Peter Huntoon
Pete Papadeas has been collecting layout varieties on Series of 1929 notes with particular attention to the odd fonts, special symbols, and punctuations used on New Jersey notes.
A true prize along these lines that he found are the layouts used for this Woodstown bank. The bank received printings from three different sets of 1929 plates

Continue reading on Numismatic News

baseball-scaled-e1595520998479-1024x435

Community Voice Response: Aug. 11, 2020

from the July 17, Numismatic News E-NewsLetter
Have you come across counterfeits or suspected fakes during your time in the hobby? If so, what have you seen?
Here are some answers sent from our e-newsletter readers.
 
I’ve gotten a few fake ancients at different times, one even fooled two high-ranking dealers/collectors. Thankfully I got refunds on them all

Continue reading on Numismatic News

Logo-USMint

Mint Asks Public to Return Coins to Circulation

Editor’s Note: Following is a statement from the United States Mint’s Office of Corporate Communications issued July 23.

 
 
 
 
United States Mint Statement on Circulating Coins
WASHINGTON – The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage – the pennies, nickels, dimes, and quarters that the American people and businesses use in their day-to-day transactions. The United States Mint is part of the solution to this issue, but we need your help as well

Continue reading on Numismatic News

SSCA-1856-S-over-s-PCGS-XF45-1-1024x517

Never Before Offered ‘S.S. Central America’ Treasure Stars in Goldberg September Auction

Historic sunken treasure from the California Gold Rush recovered from the fabled S.S. Central America which sank in 1857 will be offered to the public for the first time in an auction to be conducted in September in Los Angeles, Calif

Continue reading on Numismatic News

Royal Mint Experience Safely Reopening

The Royal Mint is preparing to safely reopen the Royal Mint Experience on July 31. The Royal Mint’s website announced that there will be changes due to health and safety regulations and that visitors will be greeted by hosts right at the door. The Royal Mint has still been busy, even while closed to the public, by making 5,000 protector visors every day for the NHS

Continue reading on Numismatic News

The Masterpiece Syndrome

Writer’s Name Withheld
I am a recent coin collector whose preference when it comes to coins are modern and ultra-modern coins. When I share this with most seasoned collectors and coin dealers, there is a tinge of unintentional condescension. I find this group doesn’t seem that interested in discussing the wonderful and historically informative designs of the Native American dollars produced since 2009

Continue reading on Numismatic News

America the Beautiful Quarter Products Hit Market

More America the Beautiful quarter products have hit the market, and you will see their listings added to this week’s charts.
The three-coin set honoring Weir Farm National Historic Site in Connecticut was released June 29. The set, comprised of a “P” uncirculated quarter, a “D” uncirculated quarter, and an “S” proof quarter, has sold 11,375 since its debut

Continue reading on Numismatic News

Community Voice Response: Aug. 4, 2020

From the July 10, Numismatic News E-NewsLetter
How has the COVID-19 pandemic changed the way you collect coins?
Here are some answers sent from our e-newsletter readers.
 
I have changed nothing due to COVID.
Brian Schneider
via Facebook
 
Now that all of the coin shows and conventions are canceled, I am saving a lot of money

Continue reading on Numismatic News

FAKE-Stella

‘Bogus Stella’ Case Investigated

Obverse and reverse of the counterfeit 1879 Coiled Hair $4 Stella that is jointly being investigated by the Anti-Counterfeiting Educational Foundation and federal and local California law enforcement agencies. (Images courtesy Ryan Moretti.)
Acting on a tip from the Anti-Counterfeiting Educational Foundation (ACEF), federal and local California law enforcement agents are now investigating the attempted sale of $400,000 of counterfeit coins including a fake example of the historic 1879 Coiled Hair gold $4 “Stella” that brought $300,000 at auction last year, the agency announced in a July 14 statement

Continue reading on Numismatic News

ANA Officially Cancels 2020 World’s Fair of Money

The American Numismatic Association (ANA) Board of Governors voted on July 14 to officially cancel the 2020 World’s Fair of Money, the organization announced in a July 16 statement.
The show was originally scheduled for Aug. 4-8 in Pittsburgh, Pa; however, COVID-19 restrictions made continuing with the Pittsburgh event unfeasible, and the Board voted in mid-June to postpone the event while it considered alternate sites and dates

Continue reading on Numismatic News

Does A Gold Currency Make Sense?

Gold coins have circulated for thousands of years. Using gold in coins for payment purposes has a great combination of advantages—durability, portability, standardization, relative ease of production, and others. One limitation of using gold coins for commerce, however, has been that it was most practical for face-to-face transactions

Continue reading on Numismatic News

German Auction House Sells U.S. Medal of Honor

By Richard Giedroyc
The provenance of a coin, or in this case a military decoration, can be important. This can be due to the potential of the item otherwise being reclaimed by an individual or by a foreign nation due to the object being family or national patrimony.
This scenario has played out many times for American collectors owning ancient coins

Continue reading on Numismatic News

PCGS Banknote Grades $1,000 ‘Grand Watermelon’ Note

The finest known example of the ultra-rare 1890 $1,000 “Grand Watermelon” Treasury Note, which in 2005 became the first bank note to bring $1 million at auction, has been certified and graded by PCGS Banknote, according to a July 9 statement.
Issued in $100 and $1,000 denominations and originally redeemable in gold or silver coin, they were dubbed “Watermelon” notes because of the color and design of the large zeroes on the reverse of the note.
The $1,000 note, commonly referred to as a “Grand Watermelon,” is extremely rare and given the large face value of this 1890-vintage note – $1,000, roughly equivalent to $29,000 today – it was scarcely seen outside of interbank commerce

Continue reading on Numismatic News

Coins with Intrinsic Value in High Demand

By Richard Giedroyc
Could prices for key date and ultra-high condition certified coins be ready for a dramatic increase? Dealers have been recently indicating there is a shortage of quality coins that aren’t what I would term “recycled stuff.” It can be argued that many of the better coins are in strong financial hands, however, it can also be argued demand is simply outstripping supply in much the same fashion as is being experienced in the bullion and bullion-impacted sectors of the coin market.
This is the type of problem we all may welcome, that is unless you have been putting off buying some special coin

Continue reading on Numismatic News

Community Voice Response: July 10, 2020

From the July 3, Numismatic News E-NewsLetter
Do you purchase coin lots when adding to your collection? Why or why not?
Here are some answers sent from our e-newsletter readers.
 
I have searched for and bought coin lots locally for many years. Putting ads in local papers and being able to buy coins and compete “collections” has helped me build the majority of my collection

Continue reading on Numismatic News

How Has the COVID-19 Pandemic Affected Collecting?

By Mark Benvenuto
There is no doubt that the COVID-19 pandemic of 2020 has changed everyday life in the United States, and indeed the world, in countless ways. How we collect probably qualifies as a pretty small change, but nevertheless, this pandemic will most likely color how we go about assembling collections of great coins, bank notes, and medals for years and possibly decades to come. We thought it might be a good idea to query some of the people most actively involved in our hobby to see what is different for them, to see what has become more of a challenge, and to see if there might actually be any upsides or strange pluses to an event that put most of the world on lock-down in 2020

Continue reading on Numismatic News

11 Quick Tips for the Liberty Seated Dollar Collector

By Brishen Foley 
Editor’s Note: The following article has been reprinted from the E-Gobrecht Newsletter, Vol. 16, Issue 7, with the express permission of the Liberty Seated Collectors Club.
Here are some tips I think would be helpful to people that are contemplating starting a Liberty Seated dollar (LSD) set

Continue reading on Numismatic News

1927-D-20-PCGS-MS65-1024x517

PNG Reports Active U.S. Rare Coin Market Despite Pandemic

The market for high-quality, rare United States coins remained active during the first six months of 2020 despite pandemic-related closures of many retail locations and cancelation of dozens of coin shows and numismatic conventions around the country, according to the Professional Numismatists Guild in a July 6 press release.
“Even with economic uncertainty and the lack of face-to-face transactions and in-person floor bidding, major auction firms reported selling more than $167 million of U.S

Continue reading on Numismatic News

OM-e1594043593839

Osborne Mint Releases Opening Day 2020 Rounds

Osborne Mint, the country’s oldest private mint, has released a 1-troy ounce .999 fine silver, Opening Day 2020 singular design collectible round, the private firm announced in a June 30 press release.  This round commemorates the start of the 2020 baseball season with the inscription, “Let’s Play Ball!”
Located in Cincinnati, Ohio, Osborne Mint has previously celebrated baseball’s opening day from the Opening Day Parade to the first pitch

Continue reading on Numismatic News

Are Morgan Dollar Prices Going Up?

By Patrick Heller
In early 1989, there was the specter of possibly millions of dollars of “Wall Street-organized” rare coin investment funds entering the market to purchase large quantities of rare coins. Dealers and collectors scurried to “beat the rush” by creating a coin-buying frenzy. Prices rose significantly in anticipation of this “outside” money flowing into the numismatic market

Continue reading on Numismatic News

Are Morgan Dollar Prices Going Up?

By Patrick Heller
In early 1989, there was the specter of possibly millions of dollars of “Wall Street-organized” rare coin investment funds entering the market to purchase large quantities of rare coins. Dealers and collectors scurried to “beat the rush” by creating a coin-buying frenzy

Continue Reading on Numismaster

FlowingHairNewVariety

New 1795 Flowing Hair Half Dollar Variety Confirmed

A new die marriage for the 1795 Flowing Hair half dollar has been identified by Professional Coin Grading Service, the firm announced June 30. The coin was struck with a previously unknown obverse die and is now recognized as the new Overton 133 variety.
It is the first new major die variety to be discovered on a 1795 Flowing Hair half dollar in more than 90 years, according to PCGS

Continue reading on Numismatic News

FlowingHairNewVariety

New 1795 Flowing Hair Half Dollar Variety Confirmed

A new die marriage for the 1795 Flowing Hair half dollar has been identified by Professional Coin Grading Service, the firm announced June 30. The coin was struck with a previously unknown obverse die and is now recognized as the new Overton 133 variety

Continue Reading on Numismaster

lafayette-e1593525274387

Stack’s Bowers’ June 2020 Auction Nets Over $5 Million

The Stack’s Bowers Galleries June 2020 Auction continued the trend of high prices realized recently demonstrated in their March Santa Ana and May Hong Kong auctions. Over $5 million was realized in the June sale across United States coins, tokens, and medals, achieving 114 percent of the pre-sale estimate on sold lots. (All prices listed include the buyer’s fee

Continue reading on Numismatic News

lafayette-e1593525274387

Stack’s Bowers’ June 2020 Auction Nets Over $5 Million

The Stack’s Bowers Galleries June 2020 Auction continued the trend of high prices realized recently demonstrated in their March Santa Ana and May Hong Kong auctions. Over $5 million was realized in the June sale across United States coins, tokens, and medals, achieving 114 percent of the pre-sale estimate on sold lots

Continue Reading on Numismaster

PeratrovichDollar

2020 Native American $1 Coin Available to Alaska Financial Institutions

The 2020 Native American $1 coin features a design of Elizabeth Peratrovich, a member of the Tlingit nation, whose advocacy for Alaskan Natives and an impassioned speech in the Alaskan Senate was considered a deciding factor in the passage of the 1945 Anti-Discrimination Law in the Alaskan territorial legislature. 2020 is the 75th Anniversary of Elizabeth Peratrovich’s testimony.  On Jan

Continue reading on Numismatic News

PeratrovichDollar

2020 Native American $1 Coin Available to Alaska Financial Institutions

The 2020 Native American $1 coin features a design of Elizabeth Peratrovich, a member of the Tlingit nation, whose advocacy for Alaskan Natives and an impassioned speech in the Alaskan Senate was considered a deciding factor in the passage of the 1945 Anti-Discrimination Law in the Alaskan territorial legislature. 2020 is the 75th Anniversary of Elizabeth Peratrovich’s testimony

Continue Reading on Numismaster

Coin Lots Make Collecting Fun

By Daryl Conley 
I may be an atypical collector; I may even suffer a bit from ADD when it comes to collecting. Some collectors focus on a certain type or series of coin, or even certain metal content such as gold or silver. Some focus on completing an entire set, putting together a registry set, or completing a BU or MS type set

Continue reading on Numismatic News

Letters to the Editor: July 14, 2020

No Coin Shows for California
For the first time in many years, California does not have a single coin show in the listing section of Numismatic News. This happened in the June 23 edition. All shows this summer have been canceled amid dim prospects that public gatherings of over 10 people will be allowed by local governments

Continue reading on Numismatic News

CSNS Parts Ways with Chairman Foley

The Central States Numismatic Society’s board of governors has decided not to renew Convention Chairman Kevin Foley’s contract, which was set to expire June 30.
Foley served as convention general chairman for decades, guiding it to its semi-permanent home in Schaumburg, Ill., in 2012 and more recently incorporating elements of the Chicago Coin Fair and the PCDA National Coin and Currency Convention into the Central States convention

Continue reading on Numismatic News

Community Voice Response: July 14, 2020

From the June 19, Numismatic News E-NewsLetter
Do you think it’s a good idea for the ANA to relocate the 2020 World’s Fair of Money to another state?
Here are some answers sent from our e-newsletter readers.
 
Yes, they should move it if they can have a show this year.
Lee Quast
High Ridge, Mo

Continue reading on Numismatic News

Lucite-Holders-6-11-e1592411587808-300x253

New Holders House So-Called Dollars

Jeff Shevlin, a nationally recognized expert on So-Called Dollars, has available four different types of Lucite holders to store and display So-Called Dollars, which are historical U.S. medals that commemorate events in the United States history

Continue reading on Numismatic News

545678-3-2-300x187

GreatCollections Offers Ultra-Rare 1882 $1,000 Gold Certificate

An ultra-rare 1882 $1,000 Gold Certificate, of which only a handful of examples are known, is currently being auctioned by GreatCollections, the auction firm announced in a June 5 press release. The large-size, high-denomination note, which features a half-length portrait of a youthful Alexander Hamilton, is being sold unreserved and bidding will end on Sunday, July 12 at www.greatcollections

Continue reading on Numismatic News

Do I Have a 1901/O-S Half Eagle?

How can I tell if I have a 1901/O-S half eagle?
This overdate variety is known as Breen 6780. It can be identified via the remnant of the curve of a “0” near the upper right of the final “1” in the date.
 
The motto “In God We Trust” first appeared on our bank notes during the Eisenhower administration in the 1950s

Continue reading on Numismatic News

Average Collector at Disadvantage

By Larry Steinfeld
I’m afraid that I am like all the rest of the people in this country who have to depend on large coin collectors to receive the coin I received today. All the big coin collectors have us small collectors at a disadvantage. We are unable to get these coins at our local banks

Continue reading on Numismatic News

Letters to the Editor: June 30, 2020

‘W’ Quarter Find Renews Collecting Passion
I would like to give my opinion on the “W” quarters program. I have been a collector for about 65 years, and in the last few years I have been keeping up on the hobby through Numismatic News but not making any new purchases.
I started looking for the “W” quarters and found one

Continue reading on Numismatic News

1-3-e1591902669784

Indian Head Gold Leads Long Beach

It was a pair of rare Indian Head $10 gold coins that bidders pursued to top lot honors in Heritage Auctions’ Long Beach Expo U.S. Coins Auction, as the two high-grade examples led more than 1,400 lots offered June 4-7

Continue reading on Numismatic News

MintStats_063020-scaled

Basketball Coin Sales Begin

With sales of the Basketball Hall of Fame coins and products beginning June 4, new entries have been added at the top of this page’s chart.
The first of the Mint’s 2020 commemorative releases, the coins honor the 60th anniversary of the Naismith Memorial Basketball Hall of Fame. Surcharges from sales of the coins benefit operations and education programs at the Hall of Fame

Continue reading on Numismatic News

Community Voice Response: June 30, 2020

From the June 4 Numismatic News e-Newsletter
What type of content would you like to see in Numismatic News that isn’t currently included?
Here are some answers sent from our e-newsletter readers.
 
I would like to see a regular feature about building a typeset on a budget.   Maybe regularly pick a coin and see what can be purchased for $200-$300

Continue reading on Numismatic News

SilverAmericanEagle2020-1

Coronavirus Creates Influx of Collectors, Investors

By Richard Giedroyc
The surprising and rapid recovery of equity markets in a “V” rather than a “U” shape curve has impacted the spot price of precious metals inversely. This, in turn, has been impacting the value of bullion and bullion-impacted coins. Consider that the bad news

Continue reading on Numismatic News

What Can You Learn While Being A Numismatist?

By Patrick A. Heller
In my decades of working as a coin dealer, I have written a lot of sales copy. In the process of describing various items, I have had to dig into the history of the pieces or about the history behind what was selected for the artwork

Continue reading on Numismatic News

kooka-e1591708199208

Kookaburra Celebrates 30 Years

By Tom Michael 
Perth Mint continues their celebration of the 30th Anniversary of the Australian Kookaburra with the release on June 2 of a 2-ounce silver proof gilded high relief 2 dollar coin. The high relief with selective gilding is a first for the Perth Mint. They used 24-carat gold on the high relief Kookaburra of the reverse design created by well-known graphic designer Jennifer McKenna

Continue reading on Numismatic News

Michael-Fuljenz-1-150x150

Fundamentals For Gold Still Strong

Michael Fuljenz, president of Universal Coin & Bullion. (Photo courtesy Universal Coin & Bullion.)
The fundamentals for gold continue strong as it reaches new highs worldwide and near an eight-year high in the United States, and that is helping to boost increased demand for some rare gold coins, according to award-winning writer Michael Fuljenz, president of Universal Coin & Bullion

Continue reading on Numismatic News

Fake-silver-Eagle-obverse-225x300

Counterfeit Battles Continued in May

One of the 10 fake silver American Eagles sold to an unsuspecting victim who responded to an unsolicited advertisement on Facebook. (Image courtesy of fraud victim.)
A fraudulent advertisement for bullion coins on Facebook, fake encapsulation holders, and requests for expert help from federal agencies kept the non-profit Anti-Counterfeiting Educational Foundation busy during May 2020

Continue reading on Numismatic News

image0-300x300

Letters to the Editor: June 23, 2020

‘Coin Finds’ Inspiration
I just finished reading my latest Numismatic News (April 28 issue), and I very much enjoyed the new article “Coin Finds.” Since 1999, I’ve been searching coin rolls, pennies, nickels, dimes, quarters, and half dollars (mostly pennies and half dollars). I would like to talk about pennies

Continue reading on Numismatic News

‘Frothy Bull Market’ for Coins

By Richard Giedroyc 
The market for coins is doing well despite the coronavirus shutdowns that have decimated so many businesses. Brick-and-mortar coin shops without any internet presence of consequence have felt the impact; however, those with a strong internet following have continued to prosper.
As a nation, we are beginning to re-open our stores to the public

Continue reading on Numismatic News

MintStats_062320-scaled

Proof Sets See Collector Demand

Since our last Mint Statistics report, the Mint’s America the Beautiful products honoring the Weir Farm National Historic Site have been tallied.
You will see a Weir Farm entry included in the America the Beautiful 5-Ounce Coins chart on this page and in the Bags and Rolls section where sales totals are recorded for 100-coin bags, two-roll set for Philadelphia and Denver, San Francisco rolls, and the P, D, S rolls set.
Proof Sets are the name of the sales game this week

Continue reading on Numismatic News

Community Voice Response: June 23, 2020

From the May 29, 2020, Numismatic News E-NewsLetter
How big of a role do auction results play in your collecting approach?
Here are some answers sent in from our E-Newsletter readers.
 
Auction results play some part in my collecting decisions; if I had to place this on a percentage basis, I’d say that auctions represent at least 20 percent, taking into consideration other factors that may/may not impact collecting decisions.
Ron Tartarella
Plano, Texas
 
None at all

Continue reading on Numismatic News

Heritage Auctions Relocates World Headquarters

Heritage Auctions has moved its global headquarters into a new state-of-the-art, 160,000-square-foot facility and multi-purpose campus.
As of June 1, Heritage’s global headquarters is now located at 2801 W. Airport Freeway, Dallas, Texas 75261, which is adjacent to Dallas Fort Worth International Airport and in its foreign trade zone

Continue reading on Numismatic News

RCNA 2020 Convention Canceled

It’s a challenging time for coin shows and conventions everywhere because of the coronavirus. On May 21, our editorial offices received an official statement regarding the cancelation of the Royal Canadian Numismatic Association’s 2020 Convention that was set for July 20.
In their statement, the RCNA says, “Our thoughts are with each of you in our collector society, your families, your clubs and their members, and your broader communities

Continue reading on Numismatic News

Stack’s Bowers Acquires Carter Numismatics

Stack’s Bowers Galleries (SBG) has acquired Carter Numismatics Incorporated (CNI), the auction firm announced May 26. With the acquisition comes the addition of Jason Carter to Stack’s Bowers’ team of numismatic professionals. Carter joins SBG as executive vice president, and he, John Morgan and the CNI team will continue to operate out of the new SBG offices in Tulsa, Okla

Continue reading on Numismatic News

ana-logo-1

ANA Launches eLearning Academy

During what would have been the American Numismatic Association’s (ANA) annual Summer Seminar event – June 29-July 10, the Association will instead offer free virtual courses through its new ANA eLearning Academy, the company announced in a June 1 press release.
Eleven courses that would have been offered during the week-long Summer Seminar will be offered in a condensed one- to two-hour online format. Courses are open to both ANA members and non-members; there is no charge to participate but preregistration is required

Continue reading on Numismatic News

PCGS-Coin-Quest-2020-Early-Find-1024x256

PCGS Announces 2020 Coin Quest Winners

The Professional Coin Grading Service Coin Quest 2020 has come to an end with the recognition of two winners, the company announced in a May 30 press release. The quest, which kicked off early in the year, challenged collectors to find circulating examples of 2020 Philadelphia and Denver cents, nickels, and dimes and to be among the first to submit them to PCGS for a coveted PCGS Early Find label. Collectors were then tasked with completing the six-coin set in the PCGS Set Registry for a chance to win up to $2,500

Continue reading on Numismatic News

Coin Finds: Buried Treasure in 1974

When I went through my change I found a 1944 Lincoln wheat penny from the San Francisco Mint and a 1944 Lincoln wheat penny from the Denver mint. I wonder if they are of any value since I believe they were supposedly taken out of circulation for the war efforts.
Roy Reignier
Riverton, Wyo

Continue reading on Numismatic News

Problems with China and India Gold Statistics

By Patrick Heller
In last week’s column, I detailed various ways that official and unofficial reports of precious metals data (supply, demand, inventories, trading volume, etc.) are either kept secret, is misreported or is skewed so as to be misleading. This column was so popular that it was more widely linked at other websites than most of my articles

Continue reading on Numismatic News

Community Voice Response: May 22, 2020

From the May 22, 2020, Numismatic News E-NewsLetter
With the cancellation of coin shows, has your online buying and selling activity increased? Why or why not?
Here are some answers sent in from our E-Newsletter readers.
 
Yes, my online buying has increased substantially, especially since March of this year. I typically buy American Silver Eagles each month, but they have become very scarce and at such a high premium, that I have moved onto other sources (online)

Continue reading on Numismatic News

FUNBourse

Summer FUN Show Canceled

FUN has canceled it’s 2020 summer show.
The following statement, regarding the cancelation of the 2020 Summer FUN Show, was issued by the Florida United Numismatists (FUN) May 26:
It is with great disappointment that the FUN board of directors is announcing Summer FUN 2020 is cancelled. The FUN board has worked hard to make this show a reality, desperately wanting to provide a venue for our dealers to get back to what they love and have our numismatic community be able to convene again

Continue reading on Numismatic News

ANA World’s Fair of Money Presently Undeterred by Pandemic

While the country begins to re-open for business and stay-at-home restrictions are lifted, the American Numismatic Association (ANA) continues to plan for the World’s Fair of Money. The premier convention features all things related to coin collecting. This year, the ANA is returning to Pittsburgh, Penn

Continue reading on Numismatic News

Viewpoint: Nugget News Story Should Be Relevant to Coin Collectors

By Dominic Cicio
I just read your article about NGC encapsulating Gold Rush nuggets in the May 5 issue of Numismatic News. Sunken treasure generally makes a good story, and authentic Gold Rush nuggets certainly bring the Old West to mind. Now, we know the nuggets were on the way to New York City, I can only guess that because NGC encapsulated the nuggets, it makes them a collectible?
If you told us that the nuggets were going to be melted down into planchets and then off to the Philadelphia Mint to make $20 Liberty Heads, it would tie into numismatics

Continue reading on Numismatic News

Community Voice Response: June 9, 2020

From the May 15, 2020, Numismatic News E-NewsLetter
What are you doing to help encourage the next generation to take up coin collecting?
Here are some answers sent in from our E-Newsletter readers.
 
I am offering thousands of coins on the internet, scientifically described and not slabbed, to let new collectors get the emotional feeling which can’t be experienced in a plastic environment.
Dr

Continue reading on Numismatic News

Scarce to Rare Coins Show No Signs of Slowing

By Richard Giedroyc 
Anyone asking how the rare coin market is performing need not look any further than the 1933 $10 eagle graded Mint State 65 by Numismatic Guaranty Corporation that sold for $360,000 in a late April auction in Dallas. Take notice of the bids, of which there were 45 before the gavel fell!
The scarce to rare sector of the coin market is firing on all cylinders, with no let-up in sight. Collectible yet generally more available coins continue to sell at a fever pitch

Continue reading on Numismatic News

What Is Really Happening In Precious Metals Markets?

By Patrick Heller
In 2020, there has been another modest surge of interest of Americans wanting to own some physical precious metals, especially gold and silver. People are becoming more aware that governments’ inflation of the money supplies is almost certain to reduce the purchasing power of their fiat (paper) currencies.
There is any number of “experts” or “analysts” of precious metals who issue updates explaining what has happened in the markets and projecting what may happen

Continue reading on Numismatic News

Lot-40-20-1855-O-PCGS-XF45-CAC-1024x512

Regency Auction 38 Brings Strong Results Despite Relocation

Legend Rare Coins’ Regency Auction 38, set to take place at Harrah’s in New Orleans as part of the PCGS Members Only Show, was forced to become a webcast event held at Legend’s central New Jersey offices due to the ongoing coronavirus global pandemic of 2020.
Despite this change, results in prices were strong, showing continued resilience in the coin market. From the start of the sale, which began with the Blue Hill Collection of New Orleans Silver Dollars and Double Eagles, activity was strong

Continue reading on Numismatic News

Lot-50027_China-1024x707

Stack’s Bowers May 2020 Hong Kong Auction

By Tracy Schmidt
Stack’s Bowers’ May 2020 Hong Kong Auction included bank notes in Session B held on May 4 and Session E held on May 7. There were four notes that I especially want to share with you from Session B; Lot 50027, and Lot 50204 were notes from China, Lot 50319 from Canada and Lot 50324 from French Indo-China.
The first I enjoyed watching was Lot 50027, a Pick A81a, Ta-Ching 10 Dollar ND (1910) note

Continue reading on Numismatic News

Coin Clinic: The ‘Big Three’ Certification Services

What sets the so-called “Big Three” certification services apart from the other similar services?
Each of the companies that are well-accepted as being standards of the business of coins has made their grading standards public. Each of these services is also well-funded and can afford to advertise aggressively. Some of the lesser services offer satisfactory work, however, there are also some services that ignore problems including cleaning and environmental damage to coins

Continue reading on Numismatic News

June Long Beach Expo Canceled, Heritage Relocates Auction

The Long Beach Expo on the West Coast has canceled its June 2020 expo due to the ongoing COVID-19 health pandemic and in compliance with Governor Gavin Newsom’s March 12, 2020, Executive Order to cancel all large gatherings, according to a May 13 press release. The Long Beach Expo plans to return to the Long Beach Convention Center, Sep. 17-19, 2020

Continue reading on Numismatic News

20200510_1614591-scaled-e1589481222536-1024x603

Letters to the Editor: June 2, 2020

What Type Set is This?
I used to collect Standing Liberty quarters in Fine condition. Several of them had evidence of clash marks like a star in the field. Error coins are caused by mishaps during the production cycle and are one of a kind

Continue reading on Numismatic News

Community Voice Response: June 2, 2020

From the May 8, 2020, Numismatic News E-NewsLetter
Are you exploring a new collecting avenue during COVID or focusing on your current collection?
Here are some answers sent in from our E-Newsletter readers.
 
Staying with my existing collection, organizing, documenting coins, and at the same time taking a break.
Name and Address Withheld
 
I am exploring a new avenue

Continue reading on Numismatic News

Why You Should Be a Collector

By Patrick Heller
With so many people today facing sudden financial hardships and possible time constraints, it may make sense to consider whether to pursue a pre-existing or new hobby.
This could apply to every hobby, not just numismatics.
Hobbies can involve a financial cost for references, memberships, supplies, and objects

Continue reading on Numismatic News

20-1256-3123_NGC_1960_50C_Tomaska-49_PF69_UltraCameo_5847321-002_v1_lg-212x300

NGC Attributes Tomaska Die Varieties for Franklin and Kennedy Half Dollars

A 1960 Franklin half dollar graded PR-67 in the new NGC holder attributing Tomaska die varieties. (Image courtesy NGC)
Numismatic Guaranty Corporation (NGC) is now attributing proof Franklin half dollars and proof Kennedy half dollars according to the die varieties cataloged by Rick Tomaska in Cameo and Brilliant Proof Coinage of the 1950 to 1970 Era, the firm announced May 12. Submitters can request the attribution for applicable coins through NGC’s VarietyPlus service

Continue reading on Numismatic News

1798eagle-1024x512

Star Varieties for 1798/97 Gold Eagle

A 1798/97 gold eagle graded MS-62+ by Professional Coin Grading Service. (Images courtesy PCGS)
It should come as no surprise that the first gold eagles of the United States are very tough coins. After all, back in the 1790s, a $10 gold coin was a lot of money for almost everyone

Continue reading on Numismatic News

Iran-e1589226464791

SARC Online Auction 7 Offers Worldwide Variety

By Thomas Michael
The crew at Stephen Album Rare Coins wrapped up their seventh online auction on May 4. I’ve been following SARC’s move into the online auction area since their second sale and have greatly enjoyed the diversity of their offerings and simplicity of their online bidding system. With the cancellation of almost every coin show in the world through the spring of 2020 due to our planetary pandemic, online auctions have provided a great outlet for hobbyists still looking to collect coins in their various areas of interest

Continue reading on Numismatic News

Viewpoint: Hobby Loses Great ‘Unknown’ Numismatist

By Scott Mitchell
There is an old Carole King song that alludes to our lives being a “tapestry,” so to speak. I forget the lyrics of the song, and whether or not they would even apply to what I hope to convey in this piece: however, the symbolism has remained with me. Throughout our lives, there are those with which we intersect; some for a day, some for a season, and some for most of our lifetime

Continue reading on Numismatic News

Royal_Mint_Visor_Crew

The Royal Mint Shifts Production Towards Masks

Medical visor supplies have been bolstered through the outstanding efforts of The Royal Mint. Designed by their engineers and manufactured at their coin production facility. (Image courtesy of the British Royal Mint)
By Tom Michael 
The 2020 pandemic has required many people and businesses around the world to rethink their daily activities

Continue reading on Numismatic News

2020kennedy

Mint Rebounds with Basketball HOF Coins, Kennedys

It’s been a challenging couple of months for business everywhere, including the Mint, but it seems it is now making a comeback with new products scheduled for June and the Basketball Hall of Fame coins finally making their debut.
On June 4, the Mint is releasing 2020 Kennedy half dollar rolls and bags. (All images courtesy U

Continue reading on Numismatic News

Coin Market Healthiest It’s Been in Years

By Richard Giedroyc
Gold continues to trade in a reasonably tight range while silver continues to dramatically underperform gold. You might not see this if you follow the demand for silver American Eagle and bullion-impacted silver coins. Demand continues to outstrip supply for both gold and silver composition coins, both older issues and those being generated by the U

Continue reading on Numismatic News

Coronavirus

Industry Insider: COVID Business Landscape

By Tom Michael
Sometime in April I received a mistaken call from an old colleague at Educational Coin Company. She had dialed my number by accident and left no message, but when I called back to check what was up, we ended up having a nice conversation. I was pleased to learn that the company’s wholesale business was doing well and that the staff was all in good health

Continue reading on Numismatic News

1858-1-e1588771057351

Central States Auctions Total More Than $33.6 Million

More than $33.6 million in rare coins and currency changed hands during the Central States auctions, which were moved from Chicago to Heritage Auctions’ headquarters in Dallas, Texas, April 23-26 due to the cancellation of the Central States Numismatic Society (CSNS) Convention.
“Considering the worldwide coronavirus crisis, participation was stellar, with more than 6,800 people participating in the auction online,” said Jim Halperin, co-founder of Heritage Auctions

Continue reading on Numismatic News

1808qe-e1588600624160

Heritage Offers Gold Rarities at Long Beach

It’s nearly June, which means that Heritage is preparing for its Long Beach auction, June 4-8. This year, Heritage will be offering two rare early gold coins that are expected to be highlights of the auction.
The first is an 1808 quarter eagle, which has a minuscule mintage of only 2,710 coins

Continue reading on Numismatic News

Iosepa

New Hobby Podcast Available

By Clifford Mishler
Illustrated on the cover page of the Utah Numismatic Society’s monthly “The Mint Master” newsletter for March 2020 is an interesting and fascinating scrip issue of the Iosepa Agricultural and Stock Company. The note dates from Aug. 1, 1901, being just one of two examples believed to exist, and was issued in a Church of Jesus Christ of Latter Day Saints desert colony in Utah’s Skull Valley, populated by settlers of Hawaiian descent, located in Tooele County about 75 miles southwest of Salt Lake City

Continue reading on Numismatic News

OlympicRings

People’s Bank of China Holds Design Contest

The XXIV Olympic Winter Games will take place in Beijing and Zhangjiakou Feb. 4-20, 2022. This is the first time China is hosting the Winter Olympic Games, and Beijing will become the first city to host both the Summer and Winter Olympic Games

Continue reading on Numismatic News

1938item-e1588087482558-300x147

Item of the Week: The 1938 Washington Quarter

This 1938 Washington quarter is graded PR-64 by NGC. (Images courtesy Heritage Auctions)
A better date when it comes to a Philadelphia Washington quarter can be a relative matter. The 1938 Washington quarter is certainly better than the 1964 but with a total mintage of 564,341,347, it is probably easy to make the case that almost any quarter produced is better than the 1964

Continue reading on Numismatic News

Viewpoint: YN Perspective Key to Hobby Future

By Radek Molchan
I am a Young Numismatist, and I come from a family that has no knowledge or interest in numismatics. I have been a page for many coins shows and I exhibit as much as possible. I enjoy the competition of the exhibits, and I enjoy being a page for the simple fact that if you work hard, you can make a little money and get some coins to add to your collection

Continue reading on Numismatic News

Letters to the Editor: May 12, 2020

Profitable Collecting Takes Patience
The April 14 edition of Numismatic News was excellent! Working from home has not affected your ability to put out a great product.
The “Viewpoint” by CPA Ron Thompson was insightful. With most of the piece easy to agree with, a few ideas may be viewed differently

Continue reading on Numismatic News

Community Voice Response: May 12, 2020

From the April 17, 2020, Numismatic News E-NewsLetter
How do you think the landscape of the hobby will look once the pandemic is over and the market settles down?
Here are some answers sent in from our E-Newsletter readers.
 
Primary sales will be online and auctions. Face-to-face purchases will be reduced considerably

Continue reading on Numismatic News

SilverAmericanEagle2020-300x300

Bullion-Related Coins Remain a Hot Market

By Richard Giedroyc
The market for coins is healthy, even frothy. It doesn’t matter if you are into buying bullion and bullion-impacted coins, collectible but generally available coins, or “desirable” coins. I am using the term desirable rather than scarce to rare due to the keen interest in any coin someone deems to be desirable that is now increasingly widespread

Continue reading on Numismatic News

Why a U.S. Dollar and Not a U.S. Pound?

By Patrick Heller
Most of the first colonists in what is now the United States came from England.  They adopted many English customs and laws which have continued to the present day. But, have you ever wondered why the American money system is based on the decimal system of dollars and cents rather than the on the British pounds, shillings, and pence?
The dollar is derived from the term thaler

Continue reading on Numismatic News

sacagaweaA-300x300

Glenna Goodacre Remembered

Coin collectors know Goodacre best as the designer of the obverse of the Sacagawea dollar.
By Dennis Tucker 
New Mexico artist Glenna Goodacre – well-known to coin collectors as the designer of the Sacagawea dollar – has died of natural causes at the age of 80. She passed away at her home in Santa Fe the evening of Monday, April 13

Continue reading on Numismatic News

wcobv-300x300

United States Mint Announces Winning Design for Women’s Suffrage Centennial Coin

The United States Mint officially announced the design for the 2020 Women’s Suffrage Centennial silver dollar, celebrating the milestone 100th anniversary of the ratification of the 19th Amendment, according to the firm in an official announcement April 21.
“This coin pays homage to the 19th Amendment’s adoption, and also honors the many pioneers, activists, and foot soldiers in the movement who fought bravely and tenaciously for decades to make the amendment a reality,” said United States Mint Director David J. Ryder

Continue reading on Numismatic News

United States Mint to Resume West Point Operations

Editor’s Note: The following is a reprint of an email message sent to industry press Wednesday, April 20.
The United States Mint (Mint) will resume limited production Tuesday morning, April 21, at the Mint facility at West Point. During the temporary suspension of operations at the West Point Mint, in consultation with local public health officials, a thorough cleaning of the facility was conducted in accordance with the Centers for Disease Control and Prevention (CDC) guidelines

Continue reading on Numismatic News

1833-e1587068292800

Item of the Week: The 1833 Half Cent

An 1833 Classic Head half cent graded PR-64 Brown by PCGS. (Images courtesy Heritage Auctions)
Good values can be found in some surprising places. The 1833 half cent might well qualify as a surprising place as it is not a half cent that gets much attention, but when you consider the factors surrounding it as a good coin for the money it can start to look better and better

Continue reading on Numismatic News

Coin Clinic: What Happened to the Dalles Mint?

Why was a branch mint proposed for Oregon when a mint was already in operation in San Francisco?
A Pacific Northwest mint was perceived as being necessary following the discovery of gold in Idaho in 1860. Due to the distance between The Dalles and San Francisco, gold dust was being used as currency in Oregon rather than wait for coins to be struck more than 600 miles away and shipped to Oregon.
 
Why wasn’t the Dalles Mint ever put into operation?
There were continuing construction delays

Continue reading on Numismatic News

Letters to the Editor: May 5, 2020

Hunt Continues Despite Series ‘Roadblocks’
I have always wanted to assemble a complete collection of one or more coin denominations, but it seems there are at least one or two roadblocks in each coin series. For example, the 1916-D Liberty dime, the 1916 Standing Liberty quarter, or the 1909-S VDB Lincoln cent, just to name a few. Going back into the 19th century gets even worse, with more and more “key dates” needed to complete a collection

Continue reading on Numismatic News

58-e1587066599110

Seattle Collection Leads Strong Sale

With the uncertainty and chaos that the current COVID-19 global pandemic is bringing to the markets and people’s everyday lives, numismatics seems to be providing a safe haven and comfort to collectors all over.
Legend Rare Coin Auctions’ 37th Regency Auction, which closed on March 26, was scheduled to take place at Le Meridien in Philadelphia. Two weeks prior to the sale, with various orders from different entities, federal, state and local, Legend made the decision to hold the auction in the firm’s New Jersey offices, as a live, webcast-only auction, with no floor bidders

Continue reading on Numismatic News

Community Voice Response: May 5, 2020

From the April 10, 2020, Numismatic News E-NewsLetter
Do you think the “W” quarters with privy marks are a good way for the Mint to mark the 75th anniversary of the end of World War II? Why or why not?
Here are some answers sent in from our E-Newsletter readers.
 
It is a great idea as long as this is not to make it easier for the Mint-contracted coin dealers to more readily identify the 2020-W quarters because they let some slip through to consumers and collectors in 2019.
Metro East Coin & Currency Club
via Facebook
 
It seems that such a world-changing event should have at least earned the entire reverse of a coin, not just a privy mark

Continue reading on Numismatic News

Coin Business Resilient in the Face of Coronavirus

By Richard Giedroyc 
The business of coins is proving to be surprisingly resilient in comparison to much of the non-essential business market during this period of the coronavirus pandemic. Despite that observation, there are still two sides to the coin story.
Collectors and investors looking to buy gold and silver coins as a hedge against the recent declines in the stock market are finding premiums for bullion impacted coins to be much higher than might be expected under normal circumstances

Continue reading on Numismatic News

dollar-3816685_640-e1587065432699-150x150

Federal Reserve Websites Document Inflation Of The Money Supply

By Patrick A. Heller 
The US government and Federal Reserve Bank are inflating the money supply, which reduces the value of the US dollar. Two Federal Reserve online reports document the scope of this inflation

Continue reading on Numismatic News

United States Mint Temporarily Shuts Down West Point Facility

Editor’s Note: The following is a reprint of an email message sent to industry press Wednesday, April 15. 
Due to the increasing number of COVID-19 cases in Orange County, New York, and out of an abundance of caution, the United States Mint has temporarily suspended production at the Mint facility at West Point. This action is being taken to further reduce the risk of Mint employee exposure to COVID-19

Continue reading on Numismatic News

lusitania-e1586957595898

Stack’s Offers World War I Medals in Exonumia Sale

Stack’s Bowers Galleries is presenting a special April Collectors Choice Online (CCO) auction of over 160 lots of exonumia. These pieces represent three different topics: the works of Jacques Wiener mostly comprising his famous, intricately engraved architectural series; World War I medals from a variety of issuers on each side of the great conflict, and the massive opera of Karl Goetz, ranging from historical to satirical themes.
Starting off this sale are numerous offerings from the brothers Wiener, led mostly by Jacques

Continue reading on Numismatic News

1949fh

Item of the Week: 1949 Franklin Half Dollar

A 1949-S Franklin half dollar graded PCGS MS-67 with full bell lines. (Images courtesy Heritage Auctions)
Franklin half dollars seem to have found an audience based on record prices and dealers running prices for coins they want to buy. An impressive list once came from the Littleton Coin Company in Littleton, N

Continue reading on Numismatic News

ana-logo-1

ANA Cancels 2020 Summer Seminars

The 2020 Summer Seminar, scheduled for June 27-July 9 in Colorado Springs, Colo., has been canceled due to coronavirus (COVID-19) safety concerns, the American Numismatic Association (ANA) announced in an April 4 statement.
“While it seemed inevitable with each passing week, we were officially notified by Colorado College today that they are suspending all summer programs and camps in order to ‘restrict participants who have traveled to or from affected areas’ associated with the coronavirus pandemic,” says ANA Executive Director Kim Kiick

Continue reading on Numismatic News

Troop-18-Coin-Show-1024x768

Letters to the Editor: April 28, 2020

Scout Coin Collecting Program a Great Success
Scouts from Troop 18 in Knoxville, Tenn., recently attended a Knoxville Coin & Currency Show to work on the BSA Coin Collecting Merit Badge. Attending the coin show completed one of their requirements and also enabled the scouts to complete their collections requirements if they were missing any coins while assembling at home

Continue reading on Numismatic News

Dates Not Set on Mint’s Product Schedule

At the time of this writing, the United States Mint does not have dates set for the remainder of its 2020 releases.
The last on-sale date listed on the Mint’s online product schedule is April 17 for the 2020 silver proof set. The next three products set for release are the Air Force silver medal, the American Eagle one-ounce 2020 gold uncirculated coin, and the American Eagle one-ounce 2020 palladium uncirculated coin

Continue reading on Numismatic News

Community Voice Response: April 28, 2020

From the April 3, 2020, Numismatic News E-NewsLetter
How have your coin/bullion buying and selling habits changed in light of the coronavirus bearing down on the United States?
Here are some answers sent in from our E-Newsletter readers.
 
I have been trying to buy when I can in different amounts and types so I can just keep adding to my bullion totals. Nothing too aggressive just basic silver 1-ounce rounds, 90 percent silver and maybe the occasional 1/10-ounce gold Eagle

Continue reading on Numismatic News

Really Look at Your Coins’ Details

By Patrick A. Heller
When did you take the time to really look at a coin? I’m not talking about an inspection to ascertain the state of preservation (grade). Instead, when did you actually examine all of the features about any coin?
I have taught a summer coin collecting class the past several years as part of a 4-H Exploration Days program

Continue reading on Numismatic News

money-talks-150x150

Money Talks Speakers Wanted for Pittsburgh World’s Fair of Money

American Numismatic Association (ANA) members are encouraged to share their ideas and research with fellow hobbyists by delivering a Money Talks presentation at the 2020 World’s Fair of Money® in Pittsburgh, Aug. 4-8 at the David L. Lawrence Convention Center

Continue reading on Numismatic News

Digital Age Endangers British Cash

The number of financial transactions involving coins and bank notes is on the decline in the United Kingdom but questions are being raised regarding if the government should take steps to ensure individuals needing to transact in cash will still be able to do so in the near future.
About 13 percent of what Britain calls free-to-use cash points have closed within the past year. Free-to-use cash points are various forms of Automated Cash Machines or ATMs

Continue reading on Numismatic News

bush1-1024x768

Bush, Innovation Designs Considered

The Citizens Coinage Advisory Committee (CCAC) met March 10-11 to consider designs for the 2020 Barbara Bush gold coin and bronze medal and for the four 2021 American Innovation dollar coins scheduled to be released in 2021.
The committee met via teleconference instead of in-person as a precaution in light of the coronavirus.
The Citizens Coinage Advisory Committee’s recommendation for the obverse design of the 2020 Barbara Bush gold coin and bronze medal

Continue reading on Numismatic News

GoldBars-2-150x150

Did The London/New York Markets Default On Gold Deliveries?

By Patrick A. Heller 
On Tuesday, March 24, two different bullion wholesalers told us that the London Bullion Market Association, the world’s largest gold market, was not delivering any gold to settle maturing contracts that had been called for delivery of the physical metal.
While this cessation of delivery was accurate, there were multiple possible explanations as to what occurred, each of which avoided terming the non-delivery of gold as a “default” by the exchange

Continue reading on Numismatic News

NGC Update About Shipping Address Changes

The following is a reprint from a press release by Numismatic Guaranty Corporation.
Numismatic Guaranty Corporation® (NGC®), Paper Money Guaranty® (PMG®) and Certified Guaranty Company® (CGC®) strive to provide the best possible services to all submitters at all times. During the current challenges brought by coronavirus (COVID-19), we are trying to be particularly accommodating of our collecting community

Continue reading on Numismatic News

1804-dime-e1585575084452

1804: Standout Era Dime

1804 dime with 13 stars on reverse. (Images courtesy Heritage Auctions)
Being a tough early dime of the United States is not an easy thing to do as virtually any early dime of the United States is tough and expensive. That said, the 1804 stands out as one of the better dates

Continue reading on Numismatic News

‘So-Called Dollars’ Book Details Expositions

Available from authors Jeff Shevlin and Bill Hyder is the book, So-Called Dollars from the Pacific Coast Expositions.
The work was named 2019 Best Specialized Book of the Year by the Numismatic Literary Guild.
So-Called Dollars are medals struck to commemorate events in United States history

Continue reading on Numismatic News

Coin Clinic: How Does Restoration Improve Coins?

What can a professional coin restoration service do to improve my coins that I can’t do by cleaning them myself?
Restoration services don’t “clean” coins; they restore them. Such services can remove artificially and deliberately applied contaminants, these contaminants having been caused by improper care or storage. This includes such contaminants as polyvinyl chloride, spots, and fingerprints

Continue reading on Numismatic News

Cover-RedBook-214x300

New Edition of ‘Red Book’ Released

The 74th edition of the annual Guide Book of United States Coins, popularly known as the “Red Book,” is set to debut from Whitman Publishing April 7. The new volume includes updated pricing and auction data reflecting the current market for collectible U.S

Continue reading on Numismatic News

Screenshot_20200320-225615-228x300

Letters to the Editor: April 14, 2020

1982 Small ‘D’ Cent
I’m pretty sure I found a 1982-D small-print penny. How do I go about finding its worth and selling it?
Mondo Sosa
Address Withheld

 
In Response to Mueller Error Coin
In regards to Christian Mueller’s error coin in the March 17 Letters section, I have been an error/die variety collector for three decades. I am also a  member of CONECA

Continue reading on Numismatic News

1854Shalf-e1585324074514

Pogue Collections Sells $15.3 Million

Against a backdrop of economic uncertainty and negative indicators, rare coins continued to shine at the Stack’s Bowers Galleries March 2020 Auction in California. Nearly three years after Part V of the D. Brent Pogue Collection hit the market, the most valuable coin collection ever sold cemented its grip on the record books with more than $15 million in additional sales

Continue reading on Numismatic News

Community Voice Response: April 14, 2020

From the March 20, 2020, Numismatic News E-NewsLetter
How are you occupying your time during social distancing?
Here are some answers sent in from our E-Newsletter readers.
 
I am refreshing myself by grading my coin collection. This entails some 10,000 pieces-plus in my uncertified collection

Continue reading on Numismatic News

financial-crisis-544944_640-1-150x150

Coronavirus Cripples the Business of Coins

By Richard Giedroyc
The economic downturn due to the spread of coronavirus has crippled the business of coins as it has with most other businesses. Coin shows have been canceled worldwide. Public auctions have been moved, postponed or put on hold

Continue reading on Numismatic News

Counterfeit Precious Metals Websites Erupt With Volatility of Market

The March 24, 2020 consumer/investor advisory statement below is from Doug Davis, Director of the Anti-Counterfeiting Task Force of the non-profit Anti-Counterfeiting Educational Foundation. Mr.Davis is a former Texas police chief

Continue reading on Numismatic News

John-Brush-Paul-Nugget-Robert-Brueggeman-1-1024x679

PNG Now Accepting 2020 Awards Nominations

The Professional Numismatists Guild is now accepting nominations for its 2020 awards, according to PNG Executive Director Robert Brueggeman.
“Each year the PNG publicly recognizes outstanding achievements in the hobby and the profession by honoring deserving recipients with awards in a half-dozen categories. We cordially welcome and strongly encourage nominations from all collectors and dealers,” said Brueggeman

Continue reading on Numismatic News

treecoin-e1584714023346

Tree of Life Coin First in New Series

NumisCollect, on behalf of the government of Palau, has started the new series “Dot Art.” This new series includes designs composed out of dot art and pointillism, an art technique made popular by 1800s painter, George Seurat.

The first coin of this series is the Tree of Life

Continue reading on Numismatic News

Weir Farm Coin Launch and Forum Canceled

According to the Mint in an official statement, The United States Mint, in consultation with the National Park Service, has canceled the Weir Farm National Historic Site 2020 America the Beautiful Quarters® Launch and Coin Forum events that were scheduled for April 6 & 7, 2020.
This preventive action is being taken in the interest of the health and well-being of employees, visitors, volunteers, and partners.
We remain hopeful that once the public health crisis has passed and restrictions on large gatherings have been lifted, the Mint and National Park Service will be able to coordinate with stakeholders in Connecticut in identifying a suitable date later this year to hold a coin forum and launch event

Continue reading on Numismatic News

Central States 2020 Convention Canceled, Auction Moved

The Central States Numismatic Society has canceled its 2020 Convention April 22-25 due to the coronavirus outbreak.
“Our focus is the safety and health of our booth holders, exhibitors, collectors, and the general public.  Therefore, in accordance with recommendations from health officials to cease activities where people gather together in large and close groups, we are canceling our convention,” CSNS President Mitch Ernst said

Continue reading on Numismatic News

stock-1863880_640-300x200

Precious Metals Spot Prices Down, Physical Market Premiums Up Strong

For those of us who have seen volatile markets multiple times over the decades, it is entirely understandable that when the spot prices in the “paper” commodity markets suddenly plummet, the premiums for actual physical gold and silver coins and ingots can soar.
To give one example: At the COMEX close on March 11, 2020, with the spot price of silver at $16.78, the company where I work was selling $1,000 face value bags of U

Continue reading on Numismatic News

Community Voice Response: Fri, March 13 eNewsletter

From the March 13, 2020, Numismatic News E-NewsLetter
How have the economic and travel impacts of the coronavirus affected your current collecting approach?
Here are some answers sent in from our E-Newsletter readers.
 
I will miss connecting with my fellow collectors. In the age of cocooning, the bourse is dynamic

Continue reading on Numismatic News

How Do I Determine the Grade on a Coin Described as ‘Uncirculated Details?’

How can I tell if my Hobo nickel is an original or a modern machined example?
An extremely worn, dateless Buffalo nickel without a mint mark likely of low value is used as the host coin for most modern reproductions. Cut lines are sharp and clean, while lacking residue in those cuts. You should not be able to feel the engraving if you have an original

Continue reading on Numismatic News

Viewpoint: Reply to ANA Hindsight and Vision

By Ron Brown 
 
Mr. Ellsworth,
Your recent exposition on taking the ANA members out of the selection process for electing the President and Vice President of the ANA and abdicating it to some inside selection process is most offensive. Your rationale is insulting and injudicious

Continue reading on Numismatic News

JAHF-Book-Cover-jpg-229x300

Jewish-American Hall of Fame Book Published

Jewish-American Hall of Fame medals issued from 1969 to 2019 have found homes in collections and museums around the world – becoming the longest continuing series of non-government art medals currently being issued in the world. Now, for the first time, biographies of more than 50 Jewish-American Hall of Fame inductees have been published, along with their portrait medals created by leading medalists, many of whom have won the Numismatic Art Award for Excellence in Medallic Sculpture (presented by the American Numismatic Association) and the American Numismatic Society’s J. Sanford Saltus Award for Outstanding Achievement in the Art of the Medal

Continue reading on Numismatic News

Collector Receives $10,000 Credit from Heritage Auctions

Heritage Auctions client Steven Wilson was awarded a $10,000 auction credit March 11 through a drawing among collectors who participated in the firm’s annual numismatic survey.
Wilson’s interest in collecting was born out of a childhood curiosity about the hobby shared by his father and uncle.
“My father had a retail business, and so did my uncle, about 50 years ago,” Wilson said

Continue reading on Numismatic News

Community Voice Response: March 31, 2020

From the March 6, 2020, Numismatic News E-NewsLetter
What coin or coin series do you consider to be the most underrated?
Here are some answers sent in from our E-Newsletter readers.
 
Franklin half dollars.
Peter Gehrke
Address withheld
 
The large cent

Continue reading on Numismatic News

Whitman Baltimore Spring Expo Canceled, Stack’s Official Auction Relocated

With the cancellation of the Spring Whitman Baltimore Expo, Stack’s Bowers Galleries’ March 2020 Baltimore Auctions have been relocated from the Baltimore Convention Center to a facility near their California home office. The auction schedule published in the catalogs and on the SBG website will be the same, with only the physical location of the event changing.
“We have been closely monitoring the impact of the Covid-19 virus and the resulting cancellation of the Whitman Coin & Collectibles Expo

Continue reading on Numismatic News

Screen-Shot-2020-03-12-at-12.31.33-PM-1024x557

Currencies and Stocks Plummet in Value Against an Ounce of Gold

By Patrick Heller 
The main reason why I advocate that people should own some bullion-priced physical gold and silver coins and ingots as part of their investment portfolio or net worth is to serve as a form of “wealth insurance” against declines in the value of paper assets such as stocks, bonds, and paper currencies.
The financial turbulence of the past few weeks shows perfectly why I make such a recommendation. In an analysis I did of the changes in paper asset values against an ounce of gold for the four weeks ended March 10, 2020, every single paper currency and stock index I track had declined against gold

Continue reading on Numismatic News

Update from the United States Mint

The following message was sent to the Mint’s Authorized Purchasers today:
This is to inform you that we have temporarily sold out of American Eagle silver eagle bullions. Our rate of sale in just the first part of March exceeds 300% of what was sold last month.
West Point is working diligently to produce additional inventory and once additional inventory is produced, we will again begin allocations

Continue reading on Numismatic News

Coronavirus Concerns Force Rescheduling and Cancellation of Coin Shows

Worldwide concern over the spread of the coronavirus COVID-19 is leading organizers to reschedule or cancel coin shows in Asia and Europe. The first rescheduling notice we have received came from Singapore.
The Singapore International Coin Fair organizing committee announced the rescheduling of SICF 2020 to Aug

Continue reading on Numismatic News

1-cent-euro-150x150

1-, 2- Cent Euros May Be Dead

By Richard Giedroyc
The European Union is considering phasing out its smallest of small change coins, the 1- and 2-cent euro denominations. 
A recent work program for 2020 presented to the European Commission uses a 2018 study indicating there is no EU currency union member country in which a majority of the citizens favor keeping the two denominations.
The presentation, for that reason, proposes “uniform rules for rounding prices” through which it would become easy for any participating country to cease using the coins entirely

Continue reading on Numismatic News

mapleleaf-e1583506643899

The Royal Canadian Mint Launches its Largest-Ever Gold Maple Leaf Coin

On March 2, The Royal Canadian Mint announced that they had produced the largest Gold Maple Leaf coin ever made, struck in detail and high relief at the Mint’s Ottawa facility.
Made from 99.999 percent pure gold, the 10-kg product offers collectors a unique luxury experience

Continue reading on Numismatic News

2020_W_5C_First_W_Mint_Mark_Nickel_PF70_Ultra_Cameo_2093531_005-209x300

NGC Gives Nod to Donna Weaver with Signature Label

A slabbed 2020 First “W” Mintmarked Jefferson nickel in NGC’s Donna Weaver Signature Label. (Image courtesy NGC.)
Donna Weaver, sculptor of the Return to Monticello nickel obverse (used 2016 to present) and designer of the 2020 Basketball Hall of Fame commemorative coin common reverse, is signing certification labels exclusively for Numismatic Guaranty Corporation (NGC), the firm announced Feb

Continue rea