Tuesday, March 30, 2010

Book on numismatics released in Azerbaijan

The book "Basics of numismatics" by the official of the Institute of Archaeology and ethnography under the National Academy of Science of Azerbaijan Ganira Pirguliyeva, according to a source in the Institute.

The new edition speaks of the first coining and first coins in the territory of the present day Azerbaijan (3rd century B.C.), appearance of money circulation and trade turnover before mid 19th century unless Azerbaijan fell under influence of the Russian empire.

The book is bilingual in Azerbaijani and in Russian. Such a book is for the first time issued in Azerbaijani.

This is the third book of the scientist. Earlier she had released two monographs based on newest materials: "Money turnover in Azerbaijan in late 14th-early 15th centuries" and "Copper coins of Azerbaijan".
Source: news.az

$200,000 Deal Buys VDB Cent


Finishing a Lincoln cent set with top quality pieces got a little more expensive after a March 4 deal saw a 1909 VDB cent graded Proof-68 RB with star by Numismatic Guaranty Corp. and CAC sticker sell for over $200,000.

Though the exact price was not disclosed, Laura Sperber of Legend Numismatics wrote in her blog:

“Yes, the coin we had displayed and always said was not for sale got sold. While we are not releasing any specific price, we will confirm the coin set a world record above $200,000.”

That makes it the most valuable regular issue Lincoln cent, she added.

Representing the buyer at the deal done at the Whitman Baltimore coin show was Brian Wagner, who operates a rare coin firm that bears his name in Milton, Wash.

“The new owner of this coin is the ‘McCullagh Collection,’” Wagner said.

“I represented the buyer of the coin and Legend Numismatics represented the seller,” Wagner explained.

Sperber called this collection the most spectacular Lincoln proof set that exists. “Congrats to both Brian and customer. They were persistent and were a dream to deal with.”

Sperber also noted that her customer for whom she sold the coin deeply regrets selling it. But if he misses it too much, he can remember it generated a profit that works out to a return of over 30 percent a year, she said, “and that should ease the pain.”
Source: numismaster.com

Monday, March 29, 2010

US Mint unveils new quarters with national parks

Get ready for another decade of quarter-mania. The U.S. Mint is hoping to repeat the phenomenal success it had with the 50-state quarter program with a new series of designs featuring the country's national parks and forests. The first five designs were unveiled in a ceremony Wednesday at the Newseum with the first coin scheduled to go into circulation next month. It will feature Hot Springs National Park in Arkansas. If the new program attracts the interest of the original state quarters program, which began in 1999, it will be a true blockbuster. That one got 147 million people — nearly half the country — to participate in collecting those coins, according to Mint surveys. "We think we are generating a lot of excitement with the new program," Mint Director Ed Moy said in an interview. The new program will have 56 quarters in all, one for each state and territory and the District of Columbia, with five new designs introduced each year. The program will end in 2021 with a quarter honoring the Tuskeegee Airmen National Historic Site in Alabama, which was created by Congress in 1998. "Today, we celebrate the breathtaking landscapes and natural heritage of America the Beautiful by commemorating our country's most treasured places on our currency," Interior Secretary Ken Salazar said at the unveiling ceremony. The sites, nominated by each state, are being placed on the coins in the order that Congress put them under the care of the federal government, starting with Hot Springs in 1832, more than eight decades before the National Park Service was created. This year's coins will honor the country's four oldest national parks — Hot Springs, Yellowstone, Yosemite and the Grand Canyon — as well as Mount Hood National Forest in Oregon. Congress authorized production of the new quarter series in 2008. The states' selections were reviewed by the Mint's artists and engravers to make sure that images featuring each of the sites could be depicted successfully on a coin. The final choices were approved by Treasury Secretary Timothy Geithner. The Yellowstone coin features the Old Faithful geyser with a bison in the foreground while Yosemite depicts El Capitan. Each coin has the name of the park and state being honored and the words "E Pluribus Unum" on one side along with the year the coin is being issued. Just as with the 50-state quarters program, the "heads" side of the coin will continue to feature a profile of George Washington. One challenge to collecting this time around could be the weak economy. The Mint produces to meet demand, with fewer coins needed in years when economic activity is slower. Moy said the 50-state quarter program started off slowly and then built up demand as more people learned about the coins and started collecting them. At the peak of that program, he said that as many as 650 million quarters for each design were being minted. But now, with the economy still struggling to emerge from a deep recession, the number of quarters scheduled for each of the initial issues of the new series is down to less than one-tenth of that amount. "The economy has stabilized but the recovery is lagging a bit so there are not as many quarters being demanded by banks right now," Moy said. "But we think that once people know about this program, they will start checking their change looking for the new coins."
Source: google.com

Coin and Collectible show reveals local history


Coins, bills, and collectibles, all to buy, sell, and trade, but those aren't the only things being exchanged.

"It's a part of Idaho history, it's a piece of the past that very few people know anything about," says antique shop co-owner, Richard Jimenez.

Richard Jimenez is talking about not one, but 270 pieces of Idaho history. He collects local poker chips from the early 1900s. Most gambling was made illegal in Idaho in 1949.

"A lot of the poker chips that are out there, when they closed down the gambling they got discarded and thrown out so the only chips that are available are from people who used to own the businesses or the people that gambled that hung on to a few after it stopped," says Jimenez.

From chips to pennies, 22 dealers showed off their prized possessions and some turned a profit on hard to find coins!

"Even the 2010 pennies that have come in, I have yet to see them; I had to get them from one of the collectors here, the dealers, because I haven't even seen them yet, can't even get them at the bank," says president of the Coin and Collectible show, Ed Gyorfy.

Ed Gyorfy is amazed at how a brand new coin can become so hot!

"It's just history, and it changes constantly, and there is always something new coming out which makes the older stuff even more collectible and more interesting and there is just so many stories behind it," says Gyorfy.

Some of the chips seem impossible to find but it's events like this where Richard meets new people to help him add to his collection.

"A woman that I got a hold of in Twin Falls and she got these chips from those two clubs; she called last week and said she found some more chips that were a different color," says Jimenez.

For Richard, it's more than collecting poker chips it's the experience and the education that comes with it.

"When you sit down and talk with them, you get a lot of history and stories, and how it went on and the fact that a lot of people would spend their whole checks on it," explains Jimenez.

While this show may be ending, the quest certainly isn't over for Richard. He'll be packing his bags in a couple weeks and heading to Twin Falls for more "history rich," poker chips.

Source: kidk.com