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Showing posts from July, 2018

The CCAC unanimously rejects the reverse designs submitted for the 2018 American Innovation $1 coin

Photo by Agnosticpreacherskid. Today’s public meeting of the Citizens Coinage Advisory Committee (CCAC) centered on the design of a dollar coin proposed to be the first minted under the American Innovation $1 Coin Act. The program’s coins are scheduled to share a common Statue of Liberty design on the obverse. The CCAC focused more on which of the eight designs submitted for the reverse was to be recommended to the secretary of the Treasury. Round dissatisfaction with the portfolio prompted a motion to not recommend any of the reverse designs to Treasury Secretary Steven Mnuchin. The motion passed unanimously, 10-0, and various committee members voiced their dissatisfaction with the reverse designs, the proposed obverse design, and the program in general. Member Dennis Tucker, the committee’s numismatic specialist, pointed out that the legend on the reverse of the 2018 coin designs, mandated by legislation, may be misleading, since the name of the program is “American Innovation” a

WWI Centennial Silver Medal Sales Reopen

Collectors can again order the five 2018 World War I Centennial Silver Dollar and Medal Sets. Limited to 100,000, the sets launched on Jan. 17 and originally had an ordering deadline of Feb.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gold Logs Fourth Monthly Loss; US Mint Bullion Sales Quicken

Precious metals futures posted gains on Tuesday but losses in July. Gold stretched its losing streak to four straight months. Gold for December delivery rose $2.10, or 0.2%, to settle at $1,233.60... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Virtual CPAC Meeting on Algerian MOU Request and Honduran and Bulgarian Renewals

By Peter K. Tompa July 31, 2018 On July 31, 2018, the U.S. Cultural Property Advisory Committee (CPAC) held a “virtual” meeting where all speakers were linked via an internet based video platform.   According to my notes, at least the following CPAC members were in attendance at the State Department:   (1) Karol Wight (Museum); (2) Lothar von Falkenhausen (Archeology); (3) Nancy Wilkie (Archaeology); (4) Rosemary Joyce (Archaeology); (5) Dorit Straus (Trade); (6) Adele Chatfield-Taylor (Public); and (7) Jeremy Sabloff (Public-Chair).    Jim Willis (Trade) attended via videoconferencing.   Cari Enav, who runs the Cultural Heritage Center, made introductions.   Andrew Cohen, who is the executive director for CPAC, provided the speakers with information about the 4 determinations CPAC was required to make before recommending a MOU or an extension.    Dr. Sabloff indicated speakers should take these requirements into account in their presentations. He then introduced the CPAC membe

Beauty, history behind Saint-Gaudens design appeal

The 1907 High Relief Saint-Gaudens double eagle (shown here with wire rim) is considered by many to be America’s most beautiful coin. This, plus its historical significance, keeps prices high. Most of us cannot afford a 1907 Ultra High Relief example of the Saint-Gaudens double eagle. With fewer than 20 known and enormous demand, it can easily top $1 million when offered. The 1907 High Relief double eagle is much more possible, and as part of the same story, it is every bit as interesting. Designer Augustus Saint-Gaudens and President Theodore Roosevelt wanted the high relief. There were problems from the start, including the fact that Chief Engraver Charles Barber was not happy that the new coin was not going to carry his designs. As it turned out, Barber had legitimate reason for his dislike of the Saint-Gaudens design. The first attempt to produce Ultra High Relief saw about 22 coins struck before the die cracked under all the pressure required to bring the design up. There wa

Australian rarities in September auction

On Sept. 23, Australia’s International Auction Galleries will offer the finest-known New South Wales Holey Dollar of 1813 (KM-2) and the finest-known South Australia Type II Adelaide Pound of 1852 (KM-2). They come from a collection that consists of just these two coins! The finest-known New South Wales holey dollar of 1813 to be sold in September by International Auction Galleries in UNC condition. (Images courtesy © IAG) The Holey Dollar is the only known mint state example in private hands. It has never been auctioned in Australia before, having previously resided in collections in New York and London. It will carry an estimate of A$500,000. The sole known 1852 mint condition South Australian Adelaide pound that will go to the block with an estimate of A$400,000. (Images courtesy © IAG) The Adelaide Pound came originally from the collection of Harold Hastings-Deerings. It, too, is in impeccable mint state gem condition and is far superior to any other example known. The esti

Coins from the 1970s a mother loved

If you want to know what a professional coin dealer would sell his own mother, you have that chance thanks to a GreatCollections auction Aug. 26 . The Irvine, Calif., firm will conduct an online auction of the Ruth Weinberg Estate. She died at age 96 earlier this year. Her son, Fred, is a well-known variety and error dealer today. Back in the 1970s, he worked for Numismatics, Ltd., in Beverly Hills, Calif. Remember the 1970s? Inflation soared. It was running at a 12 percent rate in 1974. In 1980, it was even higher. Interest rates peaked at 21.5 percent in 1980. Gold peaked at almost $200 at the end of 1974. By January 1980, it had peaked again at $850. Gold had begun the decade under $40. What was Fred Weinberg selling his mother? Gold, of course. A May 26, 1973, receipt lists $2,595 in purchases: • BU Type I 1853 gold dollar, $265 • Gem BU Type 3 1883 gold dollar, $325 • Gem BU Type 3 1889 gold dollar, $265 • Gem BU 1898 $2.50, $155 • Gem BU 1878 gold $3, $1,000 •

A LOOK BACK: Spying Using Canadian Coins

With the outcry over the tariffs on Canadian goods being called a “National Security” issue, here is something from January, 2007 to consider. United State Defense officials are reporting that American contractors were carrying coins planted on them in Canada that contained radio frequency identification (RFID) transmitters. RFID transmitters are small chips that contain a […]

There are Several Types of Precious Metals you can Invest In

“There are Several Types of Precious Metals you can Invest In” https://t.co/3duxus6uMp — Alex Winter (@alexdwintertx) July 31, 2018 https://platform.twitter.com/widgets.js #Gold and #Silver Possession Is a Constitutional Right – and a Practical Imperative https://t.co/hVciAuhFFR — Alex Winter (@alexdwintertx) July 31, 2018 https://platform.twitter.com/widgets.js #Gold & #Silver Investors’ 8 Commandments for Avoiding Rip Offs https://t.co/os2zi9EoWk — Alex Winter (@alexdwintertx) July 31, 2018 https://platform.twitter.com/widgets.js Tips When It Comes To Buying #Gold #Bullion In Monthly Installments https://t.co/Dp26gxDgqd — Alex Winter (@alexdwintertx) July 31, 2018 https://platform.twitter.com/widgets.js from Precious Metals News from Gold Eagle Price – Price of Silver Oz

Scarce 5 pesos gold certificate turns up

Recently, PMG was entrusted to authenticate and grade an astonishing Colombian 5 pesos gold certificate of deposit issued by the Casa de Moneda de Medellin. It is the only known example of this note type and is unlisted in Standard Catalog of World Paper Money, Specialized Issues . Specialized collectors of Colombian paper money are no doubt familiar with these gold certificates of deposit. They were intaglio-printed by the American Bank Note Company (ABNC) for the Casa de Moneda de Medellin between the years 1919 and 1920. These certificates were produced in four different denominations (2-½, 5, 10, and 20 pesos), with their Pick #s being S1026-S1029 respectively. 5 pesos Gold Certificate of Deposit, Casa de Moneda de Medellin, Colombia. Printed by Litografia J.L. Arango, ca. 1918-19. (From the collection of Julian Cuartas) However, this particular note pre-dates the ABNC-printed notes and was produced using offset lithography printing by a local Medellin company, La Litografía J

Sauna theme for new Finnish coins

Obverse and reverse of silver 10 euro celebrating the sauna in Finland’s culture. (Images courtesy Suomen Rahapaja) The sauna has been part of Finnish culture for over 2,000 years. Today, the country of seven million people has at least two million saunas. In these circumstances, it was inevitable that the sauna would provide a subject for the current series of coins celebrating aspects of Finland’s culture. The latest 28.50 mm, 10 g, .500 fine silver 10-euro and 38.60 mm, 25.5 g, .925 fine silver 20-euro proofs do just that. Mintages are 8,000 and 4,000,respectively. The “Sauna Culture” commemorative coin is the first Finnish commemorative to be created in collaboration with the public. Everyone in the country had the opportunity to influence the coin’s design via a national competition. The final result is the work of Mari Metso and Erkki Vainio. By decree of Finland’s Ministry of Finance, the two versions of the coin were launched on June 8, the eve of Finnish Sauna Day.   T

2020-2021 Quarter Designs Reviewed

Proposed designs were reviewed and several were recommended for the 2020 and 2021 America the Beautiful quarter dollars and companion five-ounce silver coins. Sixty-three design candidates competed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gold Ends Lower on Monday, July 30

Precious metals futures lacked major movement Monday. Gold finished lower for a third straight session but was down just 0.1%. Gold for December delivery -- the new, most active contract -- shed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

First commem definitely Columbian

(Image courtesy www.ngccoin.com) Reader Frank Crowe wrote: This is in response to the Coin Clinic comment in the June 5 “Numismatic News” concerning the debate whether or not the Columbian Exposition half dollar should be considered the first commemorative coin or not. There are many coins with commemorative connotations that are not treated as commemoratives. One example is the Washington quarter. What about the “P” mintmark on a Philadelphia Lincoln (2017) cent to commemorate the anniversary of the Mint? I believe that arguments made to dethrone the Columbian half as the first true commemorative coin and the Columbian Exhibition coin program as the first commemorative coin program are not convincing. Reader input into the “Coin Clinic” column is always welcome.   The U.S. Treasury purchased massive amounts of silver from mines in the Western United States during the period the Morgan silver dollar was being struck. How did this impact the price of silver bullion? The demand fo

New $1 coin program Honors American innovation

Washington — The enactment of the American Innovation $1 Coin Act ushers in the latest numismatic coin program of the United States Mint. The Act calls for the minting and issuance of non-circulating American Innovation $1 coins for each state, the District of Columbia, and each U.S. territory in the order each State ratified the Constitution of the United States or were admitted into the Union. The program’s duration is a 14-year period that begins January 1, 2019. The Act also authorizes a 2018 introductory coin which will be minted and issued in the latter part of this calendar year. The introductory coin will bear an obverse common to all coins in the program. It will consist of a likeness of the Statue of Liberty, and the inscriptions of “$1” and “In God We Trust.” The reverse of the introductory coin will be inscribed with “United States of America” and “American Innovators,” and it will include a representation of President George Washington’s signature on the first U.S. paten