Thursday, July 9, 2009

Nickel supplier behind 1857 cent lobbying


Who else besides the silver miners were involved in lobbying for favorable legislation?

Nickel supporters formed a significant group. The single supplier, Joseph Wharton, was responsible for lobbying the copper-nickel cent of 1857, the 3-cent nickel in 1865 and the 5-cent nickel in 1866.

How many quarters came out with just the 1976 date?

That’s a question that’s impossible to answer. The point is that if they had been spotted and counted they would not have been released. The class is a major die break caused by part of the face of the die with the 1776 date breaking away.

I’d like to prepare an exhibit for the American Numismatic Association’s World’s Fair of Money. How do I go about it?

First get a copy of the rules. You can write for them or go to the ANA Web site at www.money.org. Use the search box to find exhibit rules. Follow the instructions exactly. The judges will bend over backwards to help you, but if you ignore the rules there’s little they can do.

What is the number known of the 1825/24 half eagle overdates?

There are two known examples, one in the Eliasberg collection, the second in the Nathan Kaufman collection. The latter was sold by Bowers & Ruddy in 1982 for $200,000. The current listing is $350,000.

I want to donate some coins to a tax exempt club. How do I go about it.

First you need a written appraisal to establish the value. The club cannot appraise them for you. There have been changes in the tax laws affecting donations, so you will need to consult with your tax preparer.

Have they stopped making coin folders and albums? All I can find are used.

The manufacturers are still making and selling both albums and coin boards. Your dealer probably is overstocked. A rash of new folders greeted the state quarters, for example.


What’s the difference between the Canadian mint sets and specimen sets?

The specimen sets contain better quality coins. To quote the Royal Canadian Mint, “the very best struck by a pair of dies.” I’m sure the Swiss Mint would argue the point.



Are there any other periods besides the turn of the century when the Mint was buying prepared coin blanks rather than making their own?

The practice continued on an irregular basis all through the 1900s. A contemporary report noted that the Philadelphia Mint in 1940 purchased 60 million cent blanks from the Riverside Metal Co. of Riverside, N.J. The current practice is to buy all the copper-plated zinc cent planchets from outside suppliers, and either blanks or strip for the other denominations.
Source: numismaster.com

Nickels in June Production


A surprise Denver output of 480,000 nickels makes the June Mint production report interesting.

This small production run follows previous Mint statements saying that unless the Federal Reserve orders more, no more dimes or nickels will be struck this year. No nickels were produced in Philadelphia in June and neither mint struck dimes this month either.

Quarter production is trending higher. A combined 69,200,000 pieces for June compares to 39,800,000 in May and 46,120,000 in April. Is this one of those green shoots showing the economy is improving just a bit?

June cent production of 228,800,000 is lower than May's 281,200,000, but higher than April's 229,600,000. What perhaps makes June worth talking about is the fact that Philadelphia struck just 64,400,000 while Denver coined 164,400,000. This neatly reverses what occurred in April when the totals were almost precisely the other way.

Overall, the Mint likes to keep coin production consistent. It seems to be succeeding in this. The June total of 353,780,000 pieces of all denominations combined compares to 352,920,000 coins in May and 358,600,000 in April. You can hardly get more consistent than that.

It is time for James K. Polk dollar production and if the June totals are all there are to be, the 41,020,000 Philadelphia pieces but just 14,280,000 Denver pieces would make that an interesting issue to keep an eye on. July production will probably kick the totals back to even.

No Native American dollars or half dollars were struck in June.

For the first half of the calendar year just 2,263,180,000 coins have been produced.
Source: numismaticnews.net

G-8 leaders to receive books on Canova, gold coins

World leaders attending the Group of Eight summit opening Wednesday in Italy will each be presented with a gift from the past and one for the future.

Handmade books portraying works by Neoclassical sculptor Antonio Canova, as well as gold coins representing an imaginary future world currency will be given to the participants at the opening of the three-day summit.

There are 10 copies of the book, commissioned by Italy's Premier Silvio Berlusconi from the Bologna-based art publishing house Fondazione Marilena Ferrari, each with a personalized dedication for the leader who receives it.

The 28-inch by 17.5-inch (71-centimeter by 44.5-centimeter) Canova books were crafted at no cost by 23 Italian craftsmen using traditional techniques, the publishing house said. Each weighs 53 pounds (24 kilograms).

The books' covers are decorated with white marble bas-reliefs and the volumes are bound with silk and gold thread. They include etchings and dozens of black and white photographs of Canova's artworks, including artistic close-ups of his statues.

The coins, made by Belgian Luc Luycx, who designed one side of the Euro coins, are called "eurodollars," in a symbolic call for a common currency to unite Europe and the United States.

They have a value of euro2,800 ($3,900) and were produced by the United Future World Currency, a group pushing the idea of a global currency.

The works will go to the leaders of the Group of Eight industrialized countries as well as to the President of the European Council Fredrik Reinfeldt and EU Commission President Jose Manuel Barroso. The Group of Eight is Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States.

The summit is held in the central Italian city of L'Aquila, which was struck by a powerful earthquake in April that killed nearly 300 people.
Source: google.com

Wednesday, July 8, 2009

What Type Of Silver Coins You Can Add To Your Coin Collection?


Historically considered by many to be the most accessible and affordable precious metal, silver is always a great addition to any coin collection.

Prized for their beauty as well as their investment potential, silver coins have a long history in the United States.

Here is just a sample of the silver coins you might wish to obtain:

American eagle Silver Bullion Coins - Each containing at least one ounce of pure silver, these one-dollar silver coins were first minted in 1986, and then every year since then. This type of silver coins feature a design based on “Walking Liberty,” created by Adolph Weinman in 1916 for the half dollar.

Walking Liberty Half Dollar – struck at Philadelphia, San Francisco, and Denver between the years 1916 to 1947, this is the original design that was later updated for the American Eagle Silver Bullion Coin.

Morgan Silver Dollar – Struck from 1878 to 1904, this one-dollar coin features a design by George T. Morgan. One more minting of this silver coin occurred in 1921. Uncirculated coins from this series can be hard to find.

Standing Liberty Quarter – Designed in 1916, this coin’s artwork is considered one of the best in the history of American coins. It features Miss Liberty on the obverse, and an eagle with wings spread open on the reverse side.

Mercury Dime – So named because of the wings on the cap worn by Miss Liberty, this silver coin was struck between 1916 and 1945. It has the distinction of being the only silver coin minted in 1931, during the Great Depression. The design was created by Adolph Weinman, who also designed “Walking Liberty.”

Why you have to invest in silver coin to your vehicle?

Investing in silver goes back for thousands of years, dating to the Mesopotamian traders who used silver as currency. Ancient Greek drachmas were made of silver, as was the traditional Roman denarius. The English monarchy continued the tradition of trading in silver currency, and even the name, pounds sterling, signifies its original makeup.

As an investment vehicle, silver is often looked to as a hedge against hard times. Investors should be aware, of course, that any investment has the potential for loss as well as gain, and should proceed with caution and sound financial advice from reputable advisors.

Historically, silver tends to be a volatile investment, so a cool head is needed to ride this market. Recent spikes in the market have caused even more uncertainty.

Silver coins were minted by the US from 1792 through 1964. Silver coins have been minted in silver dollars, half dollars, quarter dollars, twenty cent pieces, silver dimes, silver half dimes and silver three cent pieces.

Silver bullion coins are available from a number of countries, including the stunning Canadian Maple Leaf, the friendly Australian Kookaburra, the China Panda coin, the Silver Monkey from Somalia, pure one ounce coins from Mexico, the beautiful Elephant coin from Zambia, and the Britannia bullion coin.

Experts recommend that you use the services of a coin broker when investing in silver coins. This will assure you that the coins you are buying are authentic and worth the price you are paying.

Make sure any coins you purchase are graded by one of the leading grading services. PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) are two leading grading houses, and will assure you that the coins you hold are graded to the highest industry standards.

Most likely, silver will always be among the premier trading commodities. Invest carefully, and do your homework before you choose. Always deal with only reputable brokers, and be sure that your silver coin purchase comes with the appropriate authenticity verification.

Source:lifeinfozone.com

Tuesday, July 7, 2009

Man pays $510 debt with bags of coins

A $510 debt was paid by a man who brought 33 pounds of coins to the courthouse in the Russian Far East city of Vladivostok, officials said.

Bailiffs said the businessman from Partizansk, Russia, a town in the Primorye Territory, brought in 14 bags of coins to pay the debt owed to a Vladivostok man. He had initially refused to pay despite a court order, RIA Novosti reported.

After bailiffs threatened come to his office, the businessman brought in the cash in the form of mostly 1 and 2-ruble coins. The bags also contained a number of 5, 10 and 50-kopek coins.

The court accepted the money and said it would be counted, deposited in a bank and transferred to the complainant's account, the news agency reported.

Source:upi.com