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Showing posts from August, 2018

Mint Statistics: Accountants active, buyers less so

Accountants have caught up with reality at the U.S. Mint. The 2018 San Francisco Silver Reverse Proof Set stands at 198,748 of a possible 200,000. The set has not been available from the Mint website for more than a week. The 2018-S proof silver American Eagle added 16,417, but sales still stand below 100,000 at 93,884. World War I Coin and Medal Sets continue to inch ahead. All five can still be purchased. Silver bullion Eagle sales continue their recovery. The month of August has not quite finished as these figures are compiled, but the 1,505,000 number nearly equals sales of May, June and July combined. August gold bullion coin sales are not as robust. The 2018 clad proof set number rose by 11,017 to 327,359. The silver proof set is up by 3,344 to 218,625. Most other numbers have hardly budged as summer moves toward fall.     This article was originally printed in Numismatic News . >> Subscribe today.   More Collecting Resources • Start becoming a coin collector tod

Community Voice Responses (September 18, 2018)

From the August 24 Numismatic News E-Newsletter: Do you look for coin and bullion sellers where you don’t have to pay sales taxes? Here are some answers sent from our e-newsletter readers to Editor Dave Harper.   No, I don’t need to. I don’t care for bullion per se; I can buy all the collector coins I could ever afford at local estate auctions. I have given up on almost all Internet and brick-and-mortar dealers, and my state has its own exemption from sales taxes for all coins. This is the numismatic world in which any mid-state Pennsylvanian can live, with a little attention. V. Kurt Bellman Harrisburg, Pa.   Yes; like most people, I don’t like to pay excess taxes. This does include coins, tokens, and other related items. As for books and other related “storage” materials, by all means, yes! For these items, it’s a no-brain activity. Gary Kess Sherman, Texas   I ABSOLUTELY look for places/dealers where I can acquire tax-free bullion and coins. Listen, we all pay our fair s

Letters to the Editor (September 18, 2018)

Minting a new 3-cent piece wasteful if not silly Mint a three-cents coin? In the Aug. 28 issue of Numismatic News , a Viewpoint article by Wayne Pearson advocated the issuance of a new three-cent denomination coin to replace the cent. I think this idea is silly since nothing can be bought for three cents. Minting such a denomination would be wasteful. The least expensive item I know of is a paper bag, which one can buy for 10 cents in California when buying groceries. Making any coin of a smaller denomination makes no sense. I advocate a complete reworking of all of our coin denominations as follows: A dime, as the smallest; a quarter; a half dollar; and a dollar and a five dollar, all in ascending order of size. Eliminate the $1 bill and the $5 bill and begin the printing of $500 bills. Thomas Miller Santa Rosa, Calif.   Base metal dollar coin designs that have circulated alongside the paper dollar include Eisenhower (top left), Susan B. Anthony (center right), and Sacagawea

United States Mint unveils designs for American Legion 100th Anniversary Commemorative Coin Program

The American Legion 100th Anniversary Commemorative Coin Program designs are unveiled at the American Legion conference August 29, 2018, in Minneapolis, Mn. U.S. Mint photo by Tracy Scelzo Chavez. Minneapolis — The United States Mint joined the American Legion at its national convention at the Minneapolis Convention Center to unveil designs for the 2019 American Legion 100th Anniversary Commemorative Coin Program. The artists in the Mint’s Artistic Infusion Program created the designs that will appear on gold, silver, and clad coins as mandated by Public Law 115-65, the legislation authorizing this coin program. The Mint’s sculptor-engravers executed the designs. Hover to zoom. $5 Gold Coin Obverse Design Designer: Chris Costello Sculptor-Engraver: Phebe Hemphill This design commemorates the inception of the American Legion and its mission to serve America and its war veterans. The outer geometric rim design from the American Legion emblem, the Eiffel Tower, and V for vict

Quality makes average coins super

Gold coin results in the latest GreatCollections.com auction showed that quality and time lead to great investment results as 27 coins from the Ruth Weinberg estate were sold Aug. 26. The GreatCollections.com Internet auction firm’s Aug. 26 sale has proven that every collector can make a fortune in numismatics. The key is to be aware of changing collector preferences, buy the best, and have time to watch the investment grow. Ruth Weinberg’s estate sold 27 coins in this auction. These were acquired for her by her son, well-know coin dealer Fred Weinberg, back in the 1970s. But the thing to remember is the coins he purchased for his mother were not some insider special. They were coins available to any collector active at the time. GreatCollections President Ian Russell said, “The Ruth Weinberg coins sold for extremely high prices. I think the Greysheet numbers were about $30,000. They sold for $128,372.” What makes the results so fascinating is the receipts for the coins are a

100 coins, 100 ceremonies

The U.S. Mint continues to do its part by holding events that help coin collecting grow. Yesterday, it joined the National Park Service to unveil the Cumberland Island National Seashore quarter in Kingsland, Ga. This is the fourth design of five America the Beautiful quarters that will be released in 2018. The event was livestreamed by the Camden County High School. That should have increased the number of people who could see the introduction of the coin beyond those who were present at the event. Attending the ceremony were 1,500 people, which included 1,200 schoolchildren. The lucky kids each got a free quarter. Adult collectors were not deprived. They were able to buy the new quarter by the roll. Southeastern bank supplied 1,600 rolls sold for face value, or $10 each. That works out to be 64,000 quarters sold. All of them were from the Philadelphia Mint and carried the “P” mintmark. Speaking at the event was U.S. Mint Acting Deputy Director David Croft. There was a coin

Sales open for America the Beautiful five-ounce silver Uncirculated coin honoring Cumberland Island National Seashore on August 30

Washington — The United States Mint will release the America the Beautiful five-ounce silver Uncirculated coin — Cumberland Island National Seashore  ( product code 18AM )  on August 30 at noon Eastern Time (ET). This coin is priced at $154.95. Hover to zoom. The Philadelphia Mint produces America the Beautiful five-ounce silver Uncirculated coins in .999 fine silver. These coins measure three inches in diameter. The reverse (tails) design for the Cumberland Island National Seashore coin depicts a snowy egret perched on a branch on the edge of a salt marsh, ready for flight. Inscriptions are CUMBERLAND ISLAND , GEORGIA , the year 2018 , and E PLURIBUS UNUM . The obverse (heads) features a 1932 restored portrait of George Washington by John Flanagan. Each encapsulated legal tender coin arrives in an attractive presentation case with a Certificate of Authenticity. The Mint accepts orders  online  and by dialing 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers w

2019 American Legion 100th Anniversary Commemorative Coin Designs Unveiled

The U.S. Mint joined the American Legion Wednesday, Aug. 9, at its national convention to reveal designs for the trio of 2019-dated coins commemorating its 100th the anniversary. The Legion was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

U.S. Mint Seeking Artists To Design Coins and Medals

The U.S. Mint is looking for artists to create United States coin and medal designs. The agency is accepting applications for its Artistic Infusion Program (AIP) beginning Sept. 3, 2018. The AIP,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NLG names Guth executive director

Ron Guth Ron Guth takes charge of the Numismatic Literary Guild Sept. 1. He succeeds Donn Pearlman, who served as interim executive director since the death of Ed Reiter in August 2017. The NLG board of directors unanimously approved Guth’s appointment. He is an award-winning author and researcher whose works include “Coin Collecting For Dummies,” “The 100 Greatest Women on Coins,” and the “Encyclopedia of United States Gold Coins 1795-1933” (co-authored with Jeff Garrett). Guth is a Certified Public Accountant and has expertise in U.S. and world coins. He operates GermanCoins.com and is a former President of Professional Coin Grading Service and PCGSCoinFacts.com . “For decades, the NLG has been the biggest supporter of numismatic writers, giving them the recognition they deserve for what is often a labor of love,” said Guth. “I look forward to continuing the NLG’s record of service and to preserve, build, and expand the NLG so that every numismatic writer will have the opport

Banknotes of the World-II

Welcome to our series of “Banknotes of the Countries from across the world”. Though banknotes by their very definition are a type of a negotiable promissory note, made by a bank, payable to the bearer on demand, they are artistic treasures in their own right. All the countries are no doubt proud of their history and heritage and proudly boast about them on their currency notes. Currency notes and their designs and reason behind their issuance are in itself a topic of great interest and study. Hence we will discuss various such interesting and unique banknotes of the world . In this part we are going to look at the banknotes of Vietnam. To read the first part of this series click here .   Vietnam is a Southeast Asian country on the South China Sea known for its beaches, rivers, Buddhist pagodas and bustling cities. Hanoi, the capital, pays homage to the nation’s iconic Communist-era leader, Ho Chi Minh, via a huge marble mausoleum. Ho Chi Minh City (formerly Saigon) has French colon