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CBC 1 Yuan tops Hong Kong Fair sale

The Hong Kong International Numismatic Fair in late June saw Heritage Auctions offer a wide range of world paper money in its Signature Auction. When the dust settled on Jun. 29, the sale had realized a most satisfactory grand total of $1,329,564, with 20 lots securing prices in excess of $10,000. 1936 Central Bank of China 1 Yuan printed by Chung Hwa Book Company. In PMG Gem Uncirculated 65 EPQ, it realized $84,000. (Image courtesy and © Heriteage Auctions, www.ha.com) Given the wealth of rare Chinese currency notes presently on the market, it may seem somewhat unusual that the top-selling item by a long chalk was a Central Bank of China 1 yuan from 1936, an example of P-209. The price realized was almost twice that of the next high-priced lot, with the new owner having to pay $84,000 to take their trophy home. This was not only the rare, orange-tinted variety printed by Chung Hwa Book Company but, to quote the Heritage catalog, it came to the block “pack fresh” or, in other word...

Depiction of Daśāvatāra on Indian Coins

यदा यदा हि धर्मस्य ग्लानिर्भवति भारत । धर्मसंस्थापनार्थाय सम्भवामि युगे युगे॥ “It is I who descends to earth from time to time to reinstitute the order when the anarchy prevails” – the concept of Divine descend is a phenomenon that speaks about the manifestation of divinity into a form. In Bhagawad Gitā [1] Shri Kiṣṇa declares that God himself incarnates to eradicate the evil, to put an end to the impious practices and to eliminate the chaos that prevailed in an otherwise peaceful society. These incarnations or the Avatāras is a core concept of Hinduism and being the preserver and sustainer Aspect of God within the Hindu Trinity; they are often associated with Viṣṇu. When pertaining to Avatāras in the Hindu tradition, the most widely associated deity is clearly Viṣṇu. According to the Bhāgavata Purāṇa, Viṣṇu has innumerable Avatāras in unlimited universes, though there are ten major incarnations, known collectively as Daśāvatāra. The concept of Daśāvatāra – ten incarnations...

Weekly World Numismatic News for July 29, 2018

This week’s featured story is about the Maine Troop Greeters beginning the process of identifying every challenge coin in their museum and trying to piece together their stories. The Maine Troop Greeters are citizen volunteers at Bangor International Airport who took it upon themselves to welcome home planeloads of troops returning from Operation Desert Storm. […]

First Spouse not first in buyers’ hearts

2016 First Spouse gold coin featuring Nancy Reagan (Image courtesy usmint.gov) Ugly is the way one collector recently viewed the First Spouse gold $10 market. These are the companion pieces issued along with Presidential dollars 2007-2016. Each contains a half ounce of gold. Unfortunately, this same assessment is true for the gold and silver coin markets overall if you are an investor rather than a collector. Gold, silver, platinum and palladium are all still declining. The same individual commented, “My collector friends are happily spending all of the money in their monthly budgets while investors are crying.” Obviously, his friends are the smart ones in this market. With no plateau or rebound in sight for bullion, the buyers’ market for coins continues to roar. This market segment is getting much more active – for coins priced properly for the current market. If you are looking strictly for appreciation, a bright spot is in certified, very high-grade Buffalo nickels. The usua...

What Are You There For CPAC?

Viewpoint: Coin club officers scam targets?

By L.A. Saryan You’ve won the international lottery! A long-lost relative has passed away in a foreign country and left you an inheritance of $8.2 million! And all you need to do to claim your money is pay the transaction fees and share a small proportion of the inheritance with the bank official who discovered it. And, of course, for the sake of privacy, be discreet. Whatever you do, don’t inform the authorities. Before the Internet days, I used to receive such appeals by airmail. Now, anyone who uses the Internet regularly has encountered spam emails like this. The scams have proliferated a thousandfold. They get your email address and send you an outlandish proposal, spelling out a few far-fetched details. The appeals often come from overseas; stilted text and the email reply address give the source away. Most of our readers are too intelligent and alert to fall for such schemes, and they dissipate into cyberspace. Last week, I received a different kind of appeal, one that to my ...

Colonial, early federal to be sold

A NE shilling from the Archangel Collection will go on the block in an October Stack’s Bowers Galleries auction. The Archangel Collection of Colonial and 1792 Coinage will be featured by Stack’s Bowers Galleries in the firm’s October official auction at the Whitman Coin & Collectibles Expo in Baltimore. Assembled chiefly in the 1970s and 1980s under the guidance of Stack’s, the Archangel Collection offers impressive provenances to many significant colonial coin collections, including those of David L. Spence (1975), Laird U. Park (1976), the Carter Brown Library (1976), the Garrett family (1979-1981), Doris and Ellis Robison (1982),and John L. Roper (1983). The collection is being certified by the Professional Coin Grading Service. It includes a 1652 NE shilling (AU-50), 1776 Continental dollars of the CURENCY (MS-62+), CURRENCY (MS-62+), and EG FECIT (AU-58+) varieties, an MS-62 1781 Libertas Americana medal in silver, and high-grade examples of the legendary 1792 Birch cent...