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Showing posts from September, 2020

Royal Mint Partners with NGC to Offer Certified UK Coins

The Royal Mint, the official mint of the United Kingdom, has partnered with Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading service. For the first time, The Royal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

2001 American Buffalo Dollar

A 2001 American Buffalo dollar graded MS-70 by ICG. (Images courtesy Heritage Auctions) T he 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. It would be safe to suggest that the proposal for the American Buffalo dollar to use the famous James Earle Fraser Buffalo nickel design left some uncertain. Yes, the design is a popular one. In fact, it’s so popular it’s been used again on a 1-ounce bullion coin which gives it the unusual distinction of having been used on a copper-nickel 5-cent coin, a silver dollar and a gold coin. Of course, dusting off old designs does not please everyone. After all, it does suggest that no one since 1913 can draw a buffalo or a Native American. Of course, classics never go out of style.

Heritage Readies Long Beach Paper Money Auction

By Tracy Schmidt  There are many spectacular notes in Heritage’s upcoming Long Beach auction. The top five I will be keeping an eye on are notes of exceptional quality. I look forward to sharing the auction results with you next month. The first note is Lot 20637, a $10,000 1934 Federal Reserve Note PMG-graded Unc. 66 EPQ. According to Heritage, the note is one of just three $10,000s certified by PMG at this level for all series and districts. Having perfect centering, ideal colors, and excellent eye appeal, it should be a great performer. The note is projected to exceed its estimate of $200,000-$300,000. At the time of writing, the note has 13 bids and registered phone bidders; the lot tracking activity stands at 94, and there have been 3,010 page views. Lot 20637 is this $10,000 1934 Federal Reserve Note with signatures of Julien and Morgenthau. (Image courtesy of Heritage Auctions) The second note I am tracking is Lot 20635, a $5,000 1934 Federal Reserve Note graded Very Choic

Gold, Silver and Platinum Rise on Monday, Sept. 14

Aside from palladium, precious metals futures gained in starting the new trading week on Monday. Platinum advanced the most, followed by silver and then gold. Gold for December delivery tacked on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Announcing the Coin Collectors Handbook and Guides

Today I am announcing the Coin Collector’s Handbook release and the Coin Collectors Handbook Series of Guides. Since writing the first article on the Coin Collectors Blog in October 2005, I shared my collecting experiences and collected knowledge with his worldwide audience. After 15 years, it was time to give back to the hobby by […]

Mythology Featured on Early Indian Banknotes

The origin of the universe can be explained by modern astronomers and astrophysicists, while archaeologists and historians try to clarify the origin of human societies. A mythology is a collection of stories about a specific culture or religion. They often feature supernatural characters. Cultures around the world are filled with such ales about relationships between gods and humans. In the distant past, however, before any sciences existed, the beginnings of the world and of society were explained by MYTHOLOGY. Mythology is a common topic of expression through artwork. Not just dance; painting, sculpting, the mythology is a way of expression during many facets of day to day life. Even on Indian coins, stamps, and banknotes Mythology is featured with distinct concepts. The blog covers the topic: Mythology Featured on Early Indian Banknotes. As the British colonial reign strengthened in India over the years, their paper currency became the new normal. More denominations came in, layou

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. Now, more than ever, collectors and families need fun, stimulating diversions from today’s challenges, much like American citizens did during the Great Depression and the years following World War II. Those dreary days provided a conducive climate for promoting coin collecting and launching a host of hobby products, from coin folders and guide books to monthly magazines and supplies. Eager for an affordable activity to take their minds off their troubles, many people dove into numismatics, pushing hobby participation to new heights. ANA governors can learn from history and turn the present situation into an opportunity for growth and service. However,

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. So, now we had the proof, clad, or gold. So I got the proof. It was a great coin – but what about the other stuff? Besides the magazine, I saw the coins advertised in an email, but you had to order it on Aug. 28 by noon. So I told my wife, “You have to get this coin for me!” She is really good at this stuff. And I told her “Remember, I want the clad one.” She gave me this funny look (I never go after clad stuff.). So Aug. 28 comes around and she said “nothing.” When we got to the 30, I asked her “What’s up? Did you order the coin?” She said, “Oh. Yes, I did.” And so I waited. On Sept. 4, in my wife walks with a box from the Mint. I had a little smile but when I got to the box, I said: “It look

American Innovation Proof Set to Become Available

For those who missed out on buying any of the coins in the American Innovation 2020 series so far, the Mint has you covered. On Oct. 8 at noon EST, the Mint is releasing the American Innovation 2020 $1 Coin Proof Set. The set features four coins celebrating and honoring significant American innovation and pioneering efforts of individuals or groups in Connecticut, Massachusetts, Maryland, and South Carolina. The coins have sharp relief and mirror-like backgrounds with frosted foregrounds, giving them a cameo effect. Each coin weighs 8.1 grams, has a diameter of 1.043 inches and a lettered edge. The coins are produced at the San Francisco Mint, and each set comes with a certificate of authenticity. The cost is $24 and there is no mintage, product, or household order limit at the time of this writing. These sets can be purchased online at catalog.usmint.gov. Phone ordering is currently unavailable due to the COVID-19 pandemic. The post American Innovation Proof Set to Become Availab

Mythology Featured on Early Indian Banknotes

The origin of the universe can be explained by modern astronomers and astrophysicists, while archaeologists and historians try to clarify the origin of human societies. A mythology is a collection of stories about a specific culture or religion. They often feature supernatural characters. Cultures around the world are filled with such ales about relationships between gods and humans. In the distant past, however, before any sciences existed, the beginnings of the world and of society were explained by MYTHOLOGY. Mythology is a common topic of expression through artwork. Not just dance; painting, sculpting, the mythology is a way of expression during many facets of day to day life. Even on Indian coins, stamps, and banknotes Mythology is featured with distinct concepts. The blog covers the topic: Mythology Featured on Early Indian Banknotes. As the British colonial reign strengthened in India over the years, their paper currency became the new normal. More denominations came in, layou

Gold, Silver and Platinum Score Weekly Gains

Gold, silver and platinum retreated on Friday, paring their gains on the week. Palladium also declined on Friday, barely, standing by itself with a weekly loss. Gold for December delivery declined... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Curved Colorized Silver Dollars Enter Ranks

August 28 saw a milestone for both the U.S. Mint and interested collectors: Sales began of the Mint’s first-ever colorized coins. As part of the 2020 Basketball Hall of Fame offerings, a curved colorized silver dollar and a curved colorized clad half dollar became available for purchase. After 10 days on sale, the Mint reports that a total of 20,609 of the colorized silver dollar were sold and 24,996 of the colorized clad half dollar were picked up. Best-sellers this week will be familiar to those who follow Mint Statistics. The top spot is occupied by the 10-coin clad proof set with “W” nickel; it totals 342,842 sold. With silver still dominating the precious metals market, it comes as no surprise that the 2020-W proof silver American Eagle is a top contender, coming in a close second this week with a total of 341,948. The number three spot goes to the Basketball Hall of Fame colorized half dollar. Number four is occupied by another silver Eagle, the 2020-W uncirculated version,

e-Letters: Sept. 29, 2020

From the Sept. 4 Numismatic News e-Newsletter.  Do you think 90 percent silver is the best form of silver investment? Why or why not? Here are some answers sent from our e-newsletter readers.   Yes, I do think it is a good investment because the U.S. made 90 percent coins for years, so they are easy to come by and you can buy them cheap when silver is low and sell them for lots when silver is high. Conner Hopfer Salem, Ore.   Yes, I believe 90 percent silver, as well as 40 percent silver, are a good investment. It’s always a possibility that silver will rise in price. If not, it’s always worth face value. Ken Batavia, Ohio   Yes, because it’s not only the silver content but the numismatic value as well. Plus, it’s a thrill to watch over and over again the coins in your collection. It’s like family and not just bulk globs of silver. John Essington Pennsylvania   In a crisis situation, 90 percent United States silver coins would be the optimum means of paying for someth

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.   Large and Small Mintmarks appear on several dates of Mercury dimes, yet only the 1945 S-dated coins are generally treated as varieties. Is there a reason why? The Small Mintmark or Micro S variety of the dime of which you spoke has received more publicity than other dates. This impacts the interest and value of this Small Mintmark, but it doesn’t mean that as a specialist in Mercury dimes you should trivialize other lesser-known dates with Mint-produced varieties.   I have a 1983-P Kennedy half dollar that has a completely plain edge. The die rotation is off by less th

Scarce to Rare Coin Market Hot

Coins are selling, regardless of if they fit into the scarce to rare, available yet collectible, made for collectors only, or into the bullion-impacted categories. In an August auction in Las Vegas, the ESM Collection of U.S. large cents realized more than $4.6 million. The Bruce Morelan specimen of the 1794 Flowing Hair silver dollar is among other rarities soon to be auctioned. This silver dollar sold for $10 million when it was last offered seven years ago. Offerings of coins of this caliber draw attention to the hobby, but so does the rising spot price of both gold and silver. Bullion and bullion-impacted coins are likewise in high demand. Many dealers are spending the bulk of their time buying business-strike silver coins and ingots rather than in selling to collectors. The supply of gold and silver intrinsically valued coins, be they 1964 and earlier dimes, quarters and half dollars or pre-1933 common date and condition gold denominations, is being outstripped by demand. Accor

U.S. Mint Produces Over 1.65 Billion Coins for Circulation in August

U.S. coin production soared for a third straight month, manufacturing figures from the United States Mint show. The new data also revealed mammoth mintages for U.S. Virgin Islands' Salt River Bay... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Perth Mint Gold Bullion Sales Hit 4-Month High in August

Australian bullion sales in August dipped for silver products and reached a four-month high for gold products, according to the latest sales figures from The Perth Mint of Australia. The monthly... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]