Antique clock, marbles, coins recovered in three SWAT raids

Sheriff’s detectives and investigators from the Bureau of Alcohol, Tobacco, Firearms and Explosives raided a pair of homes early Thursday and recovered property stolen from a North Spokane County home over the Christmas holidays.

A search warrant was executed first at 1311 W. Dalton in Spokane. There investigators found stolen antique marbles and coins. The second warrant was served at 4905 E. Deer Park-Milan Road where detectives found a stolen .22-caliber pistol and a firearm telescopic sight.

Because the search warrants specifically targeted stolen firearms, both warrants were executed using the sheriff’s Special Weapons and Tactics Team (SWAT.) Both homes were occupied at the time of the raids, but there were no injuries to any of the participants.

The warrants were sought after investigators learned that property taken from a home in the 16000 block of North Newport Highway might be located inside the target residences.

The burglary victim had been out of town from shortly before Christmas until after the new year. When he returned January 4th, he discovered the break-in and that numerous firearms and other collectables had been stolen. His Chevrolet Astro van was missing as well.

Investigators said Thursday they believe the burglars made several repeat trips to the victim’s home to remove property. Their search warrants and interviews Thursday morning led them to a pair of storage units atop the Sunset Hill where they recovered more stolen property, to include a grandfather clock.

A spokesman for the investigative team said that no arrests were anticipated Thursday, but that detectives would continue to build their case and identify additional suspects. At some point in the future, the suspects would be charged by warrant.

Source: nwcn.com

Initial Eagle Sales Top 2.4 Million

Authorized buyers took 2,440,000 silver American Eagles from the U.S. Mint Jan. 19, the first day that the 2010-dated coins were made available to the market.

Also available on the same day for the first time this year were 2010-dated gold American Eagles. Authorized buyers snapped up 30,500 of those coins.

In addition, gold buyers purchased 18,500 2009-dated gold American Eagles. The Mint had 51,000 left when the new 2010 date went on sale. Buyers are required to take one 2009-dated gold coin for every 2010 gold coin they buy.

Demand for the 2009 gold coin must still be fairly good because buyers took more than the minimum required.

There were still 32,500 of the 2009 gold American Eagles waiting to be sold.

Only authorized purchasers can buy these coins directly from the Mint. They in turn sell them to the secondary market where investors, collectors and dealers can make their purchases.

Source: numismaster.com

Bid for 1927-D reflects very precise grade

While most attention has been directed at the 1913 Liberty nickel that sold for $3,737,500, a 1927-D Saint-Gaudens $20 gold coin also sold during the Heritage Platinum Night Jan. 7 in Orlando. It brought $1,495,000. While 1927-D Saints have sold for more in private transactions, this is the second highest auction price.

The Platinum Night session is devoted to costly choice and/or rare U.S. coins. According to Jim Halperin, Heritage co-chairman, the total for Platinum Night alone is more than $25 million.

About this 1927-D $20 gold coin, Matt Kleinsteuber exclaims that it is “absolutely spectacular with beautiful original surfaces, highlighted by the original copper showing through, especially on the obverse. A wonderful coin that is all there coin for the -66 grade. It was definitely special.”

Kleinsteuber is an expert grader and trader for NFC coins. Also, he teaches grading in ANA seminars.

The 1927-D $20 gold coin is a great rarity. There are four in museums and seven to nine that are privately owned. I know of just seven privately owned, though the existence of an eighth is probably indicated. So, it seems that there is a total of 11 or 12 known now, and that one or two others plausibly exist.

The 1927-D that sold was part of the Ralph Muller collection. Muller is rumored to have acquired his coins from a West Coast dealer over a period of many years. He consigned his set of Saint-Gaudens $20s to this auction. This same 1927-D was once in the collection of the Connecticut State Library. In 1995, Heritage auctioned a small number of coins that were de-accessioned from that collection. Curiously, the “library” retains another 1927-D $20 gold coin.

Jay Parrino bought the Connecticut Library-Muller coin in 1995 at an auction in Long Beach, Calif. It was then graded MS-66 by Numismatic Guaranty Corp. It has since been graded MS-66 by the Professional Coin Grading Service as well. It was in a PCGS holder when it was auctioned Jan. 7.

There was no floor bidding and the coin sold to an Internet buyer. Laura Sperber, however, stood up after it sold, grinned, and gave a literal ‘thumbs up” signal. In response to a query from me, she stated, unequivocally, “Legend Numismatics purchased the ’27-D out of the Heritage sale.” Sperber is the largest shareholder of Legend Numismatics.

In December 2009, Legend Numismatics bought and sold the Eliasberg 1927-D, which is also PCGS graded MS-66. In 2005, she bought the “Dallas Bank”-Browning 1927-D from Steve Contursi and placed it in a now complete collection of Saint-Gaudens $20 coins. The Dallas Bank collection 1927-D is one of five that is (or was) PCGS graded MS-66. The Steven Duckor 1927-D is another. It was formerly in the Auction ’84 event. Duckor consigned it to the Thaine Price sale that was conducted by the firm of David Akers in May 1998.

Dr. Duckor has assembled two sets of Saints, the first was complete and a 1927-D is deliberately omitted from the second. Both sets are listed in the PCGS Registry, as are his sets of Barber coins, two of which are “retired.” He is a distinguished expert in early 20th century gold and in Barber coins.

The finest known 1927-D is the Philip Morse coin that Heritage auctioned in November 2005 for $1,897,500, an auction record for a 1927-D. Earlier, Parrino bought it for $522,500 when Stack’s auctioned the “Charlotte” collection of Saints in March 1991.

Though I have never seen the Eliasberg 1927-D, I have held (in PCGS or NGC holders) and closely examined all of the six other privately owned 1927-D $20s that are known. I wish that Sperber and her partners had let me know that they briefly had the Eliasberg 1927-D, and invited me to see it. I would have been glad to travel to the Legend office at my own expense just to view the coin for five minutes.

Sperber figures that “the Eliasberg piece and the ‘Dallas Bank’ coin are identical. We had them side by side. Both have a few ticks – but very tiny and light ticks. Both have the same darn luster and color. If you hold one one way, it’s better; hold the other in a different way, it seems better. It was really neat to compare them.” Although the Muller coin is not quite as nice as the Eliasberg and “Dallas Bank” coins, Sperber does “still like it very much.”

Duckor asserts that the Eliasberg 1927-D, the Dallas Bank 1927-D, and the one that he used to own are “all comparable” and “are of very similar quality.” Further, in Duckor’s opinion, the Connecticut Library-Muller 1927-D is really a “-65 Premium Quality coin, not a -66.”

Additionally, Duckor states that the McDougal collection 1927-D that Heritage sold in January 2006, and offered again in January 2007, grades just -65. It was NGC certified MS-65 when it sold on Platinum Night in January 2006, and the buyer later resubmitted it to the grading services. It is now PCGS graded MS-66. It is said to have traded privately in the summer of 2007, prior to the start of the American Numismatic Association Convention in Milwaukee.

I agree with Duckor that the McDougal coin does not grade -66. I agree with Kleinsteuber, however, that the Connecticut-Muller 1927-D, which just sold, grades -66, though my impression is that it just barely does.

Duckor emphatically points out that the Connecticut Library-Muller 1927-D did not receive a sticker of approval from the Certified Acceptance Corp. The failure of a coin to receive a sticker from the CAC, though, does not mean that the respective coin is questionably graded, and it does not even mean that CAC experts have determined that it is overgraded.

A coin that is certified as grading -66 may be overgraded, may be undergraded, or its grade may be in the low end, mid range or high end of the -66 range. The CAC will not approve a coin that the CAC regards as low end, but a low-end coin may be accurately graded.

According to CAC policy, a low-end, accurately graded coin will not receive a CAC sticker of approval.

It may be fair to grade the Connecticut-Muller 1927-D as -66.1, more or less, by widely accepted standards. While very advanced collectors of early 20th century gold coins are not thrilled about a -66 grade for this coin, my guess is that most coin buyers are or would be accepting of it. It is of higher quality than a large number of common date 1924 and 1928 $20 gold coins that have been graded MS-66 by the PCGS or the NGC. It is preferable to the McDougal 1927-D that is also PCGS graded MS-66.

The Connecticut-Muller 1927-D has never been cleaned or dipped. It has glistening fields on the obverse, with nice, natural blue, russet and tan tones. The reverse is of a neat slightly brassy, somewhat reddish gold. Indeed, I cannot now find words to fairly describe the colors of this coin, which are appealing.

This coin is very attractive on the whole, with the reverse being both more attractive and of higher quality than the obverse. The contact marks on the lower part of Miss Liberty and in adjacent areas are really only distracting when the coin is viewed with a magnifying glass. Generally, this coin has a pleasing natural look.

While Duckor holds that the $1,495,000 result is “a -65 price” not a price for a -66 grade 1927-D, I disagree. I believe it is a strong price for low-to-mid-range -66 grade 1927-D. Coin markets were stronger when the McDougal 1927-D realized $1,322,500 in January 2006. While coin markets have been moving upward in recent weeks, the market peak in August 2008 is still a distance above the current levels. Moreover, the market for gem quality, early 20th century gold peaked before overall markets for coins in general. If the “Dallas Bank” 1927-D or the Duckor 1927-D $20 gold coins had been in this same auction, one or the other probably would have realized at least $1.7 million.

It may be impossible to buy a 1927-D Saint for less than $1 million. The lowest graded 1927-D is the Kramer-Richmond-Lord Baltimore-Park Avenue coin. It was NGC or PCGS graded MS-62 for many years, though it was graded AU-58 in an earlier era, and is now PCGS graded MS-63. Most of its history is not found in the Heritage catalog.

The lowest graded 1927-D became famous for being in the Richmond and Lord Baltimore collections. Richmond and Lord Baltimore are code names for collectors. The Lord Baltimore-Park Avenue (#1) Collection of Saints was retired from the PCGS registry on April 4, 2005. It was 100 percent complete in business-strike Saints and included the 1927-D that was earlier in the Richmond Collection, which DLRC auctioned in 2004 and 2005.

Bob Green of Park Avenue Numismatics sold the Richmond-Lord Baltimore 1927-D to Superior Galleries in the summer of 2005 for slightly above $1 million. An associate at Superior reported to me that he sold it for less than $1.1 million.

There are no 1927-D Saints that are currently PCGS or NGC graded less than -63, and none currently graded -64 or -65. All certified 1927-D Saints are (or were when I last saw them) encapsulated in PCGS holders, one -67, five -66s, and one -63. The reports published by the PCGS and the NGC, and cited elsewhere, are not accurate regarding 1927-D Saints.

As only seven privately owned 1927-D Saints have been seen in decades, the offering of one of them is a major event. It is the rarest date in the most popular series of gold coins.

Source: numismaticnews.net

Mint issues 25-cent coin celebrating Canadian speedskater

An acclaimed Olympic Canadian speedskater, used to amassing gold, silver and bronze, will now be able to add steel, copper and nickel to her collection.

The Royal Canadian Mint said on Tuesday it was introducing a 25-cent coin to celebrate Winnipeg-native Cindy Klassen's five medals won during the 2006 Winter Olympics in Turin, Italy. The mint said it would be putting up to 22 million quarters featuring Ms. Klassen into circulation. Ms. Klassen won gold, silver and bronze medals at the Turin Games.

The quarters, which are 94% steel, 3.8% copper and 2.2% nickel plating, feature Ms. Klassen in a speedskating pose against the backdrop of a Maple Leaf. The coins also feature her name and the year 2006 along with the logo of the Canadian Olympic Committee on one side.

The mint said three million of the Ms. Klassen quarters will have the Maple Leaf coloured brilliant red.

Source: nationalpost.com

2010 Native American $1 Coin Rolls Available

The United States Mint will open sales for rolls of 2010 Native American $1 Coins at noon Eastern Time (ET) on January 22, 2010. The 25-coin rolls, priced at $35.95 each, contain circulating quality Native American $1 Coins from the United States Mint facilities at Philadelphia or Denver. The coins are presented in distinctive numismatic packaging bearing the genuine United States Mint logo, the year 2010, the mint mark of origin (”P” or “D”) and the dollar value of its contents.

The theme for the 2010 Native American $1 Coin is “Government-the Great Tree of Peace.” The coin’s reverse (tails side) design features an image of the Hiawatha Belt with five arrows bound together, along with the inscriptions UNITED STATES OF AMERICA, $1, HAUDENOSAUNEE and GREAT LAW OF PEACE. “Haudenosaunee” is also known as the Iroquois Confederacy. The obverse (heads side) design continues to bear the familiar image of Sacagawea, introduced in 2000. The design includes the inscriptions LIBERTY and IN GOD WE TRUST. Like the Presidential $1 Coins, the Native American $1 Coins display the year, mint mark and inscription E PLURIBUS UNUM on the coin’s distinctive edge.

The United States Mint is also offering rolls of 2010 Native American $1 Coins via its Direct Ship Program in quantities of 10 rolls a box priced at $250 per box. There is a limit of 20 boxes per household.

The Native American $1 Coin Act of 2008 (Public Law 110-82) authorizes the United States Mint to mint and issue $1 coins featuring designs celebrating the important contributions of Indian tribes and individual Native Americans to the history and development of the United States.

The United States Mint, created by Congress in 1792, is the Nation’s sole manufacturer of legal tender coinage. Its primary mission is to produce an adequate volume of circulating coinage for the Nation to conduct its trade and commerce. The United States Mint also produces proof, uncirculated and commemorative coins; Congressional Gold Medals; and silver, gold and platinum bullion coins.

Source: coinlink.com

2009 Silver Eagles Sold Out, Sales of 2009 Gold Eagles Continue

Late last week, the United States Mint provided updates to its authorized bullion purchasers regarding the status of 2009 American Silver Eagle and 2009 American Gold Eagle bullion coins, and some details related to ordering 2010-dated coins.

Late last year, amidst a resurgence in demand for gold and silver bullion coins, the US Mint announced that they would continue to produce 2009-dated bullion coins until the end of the year. Typically, the US Mint will produce coins bearing the following year's date in the closing months of the year. This enables them to begin accepting orders for the new coins in December for delivery in early January. By producing coins bearing the older date through year end, the time tables were pushed forward.

Until the US Mint could begin accepting orders for the 2010-dated coins, they would continue selling the 2009-dated coins as long as inventory existed. According the recent memo provided to authorized purchasers, the remaining inventory of 2009 Silver Eagle bullion coins was depleted as of January 13, 2010. This means that no silver bullion coins have been available during a brief window of time ending tomorrow. The US Mint will begin accepting orders from authorized purchasers for the 2010 Silver Eagle bullion coins beginning on January 19, 2010.

While the 2009 Silver Eagles are gone, a sizable number of 2009 Gold Eagles remain. As of January 13, 2010, the US Mint had approximately 51,000 of the one ounce gold bullion coins remaining in their inventory. According to the US Mint memo, if an inventory still remains when the US Mint begins accepting orders for 2010 Gold Eagle bullion coins on January 19, authorized purchasers will be required to purchase coins on a 3-to-1 basis. This means that for every three 2010 Gold Eagles ordered, they will be required to purchase one 2009 Gold Eagle. This "3-to-1" basis will remain in effect until the inventory of older coins is depleted.

Source: news.coinupdate.com

US Mint Offers Zachary Taylor Presidential Dollar Coin Cover

On December 30, 2009, the United States Mint released the final American Presidency Coin Cover for the year. The limited edition cover features the twelfth president Zachary Taylor.

The product includes two Zachary Taylor Presidential Dollars from the first day of production at each US Mint facility. The Philadelphia coin bearing the "P" mint mark was produced on September 9, 2009, and the Denver coin bearing the "D" mint mark was produced on September 10, 2009.

The two coins are mounted on a card and placed within an envelope illustrated with a portrait of Zachary Taylor. The 44-cent Flag postage stamp has the postmark "November 19, 2009, Louisville, KY" representing the first day the coins were released to the public.

The product is priced at $14.95 plus applicable shipping and handling. The overall production is limited to 40,000 units.

Source: coinupdate.com

Heitiki Stars on First New Zealand Coins of 2010

In January New Zealand Post released details of its first coin issues for 2010: a 1-ounce .999 fine silver proof dollar and a 1-ounce .999 fine gold $10. The reverse of both coins displays a greenstone heitiki, a traditional ornamental neck pendant of the New Zealand Maori.

The precise origins of heitiki are lost in the mists of time. One view holds them to be memorials to ancestors; another, a representation of Hineteiwaiwa, goddess of childbirth. In the latter connection they were sometimes given to a woman by her husband’s family while she was trying to conceive.

The most valuable heitiki are carved from tough, hard greenstone called pounamu, found in New Zealand’s South Island. One of the glories of pounamu is that over time it absorbs a wearer’s body oils and, hence, their essence. Each tiki is extremely personal and must always be given, never fashioned for oneself.

Creating any heitiki by traditional methods, particularly from pounamu, was a long and demanding process. The carver would carry the stone with him and work on it whenever the opportunity arose, abrading it with rocks and smoothing the emerging design with wood and water.

A traditional pounamu heitiki, carved by contemporary Maori artist, Raponi, has been used as the basis of the coins’ reverse design worked by Warren McGrath, Tohunga Whakairo or master carver to the Maori King. On the dollar coin, the tiki is shown in full color.

Both coins are 40 mm in diameter. Both were struck at BH Mayer’s Kunstprageanstalt GmbH. The gold $10 has a mintage of 500 and the silver $14,000.

Each proof comes in a waka huia or treasure box, also designed by Warren McGrath. Such waka huia were used by Maori to hold highly prized personal items such as feathers of the New Zealand huia shown on either side of the heitiki on the coin design.

Source: numismaster.com

Collecting Coins a Collectors Guide

Coin collecting is something that takes time to learn. The most important thing to remember is that you are doing it for the right reason - if it is a passion, then it is something worth pursuing.

Collecting just for profit may work but it usually is not enough in the long run. A person really has to think about this since many people who have tried it for that reason have lost focus and failed.

Successful coin collectors take a lot of time to learn everything there is to know about numismatics. Good sources of information are magazines, newsletters and brokers who can pass on information and news, when it happens. By using the resources a person can act fast before other collectors who want the same thing get the information first.

If a person tries to collect without knowing the basics, he will never succeed in this hobby.

Knowing how to grade coins can also help the collector know the true value of the collection. This knowledge will be valuable if the owner decides to trade for something of greater value or it can prevent scamming and wasting money for something of little value. Be vigilant!

One of the virtues that coin collecting can teach a person is patience since the collection may take years to complete. Some of the well-renowned collectors in the world have spent many years before reaping the benefits.

Learning to think like a collector is very important. Being too eager is not good because the collector could be tempted to purchase or trade the wrong coin which could prove to be costly. Think twice about using the information given even if that came from a reliable source.

Coin collecting can be difficult especially if the person is just starting. A person, more than likely, cant afford to buy items worth more than $10,000, so it is best to start small and study the market for three to six months so that he can be comfortable before going after bigger prizes.

Coin collecting is similar to sports - it takes time to excel at it and goals, both short and long term, have to be established. By following the rules and using common sense, the person can become one of many other successful coin collectors.

Commemorative coins have become very popular. Many people want to have different kinds of coins in their collections or for souvenirs. Many times they are used as traditional gifts for special occasions. These coins are not considered to be practical gifts, bur are commemorative items that can be kept for years as special souvenirs when received by a special friend or loved one.

There is a strong demand for these coins among people who are collectors as they may have significant meaning to them. Others will want them to remember an important day or occasion. The mint date and the event celebrated by the coin could be one factor people consider them collectible items.

Since the 1970s, the individual coins were available in the market every year, but are now available as sets in packages or in special displays. Many collectors say that one reason they are marketed this way was the depreciation of their value starting in 1971. The introduction of the euro may also be a factor.

There are countries that have produce commemorative coins and used these coins for propaganda. There were monarchs who issued coins to commemorate past or current events and/or celebrations that recognized their authority.

The half dollar was produced in 1892 to commemorate the Columbian Exposition in Chicago. This was a celebration to mark the 400th anniversary of the expedition of Christopher Columbus and his discoveries in the world.

During the following year, the first quarter dollar commemorative was introduced to signify the Exposition as well, but it also gave honor to queen Isabella of Spain. She was the one who back-pedaled the political agendas on Women Rights.

The first commemorative coins that were made of silver were introduced in the 1900s. The coins were minted in honor of Lafayette and George Washington. In the following years, the half dollar coin was denominated, and the legal tender commemorative coins were created to mark celebrations rather than historical events. These coins are recognized today as classical sets of special coins of historical events between the years1892 - 1954.

It was in 1932 that the Washington quarter dollar was released as the United States second commemorative coin in its denomination. It was issued for the 200th birth anniversary of George Washington. The coin also continues its circulation as a commemorative coin because of its popularity.

It was uncharacteristic to circulate a commemorative coin of the 1892 - 1954 era in the United States because the government had not intentionally put them into circulation, (they were not legally approved by the government for public use) so collectors will not pay the premium costs of these coins that are still in the market.

In 1975, that the Bicentennial quarter was introduced. It became the second circulating commemorative coin in the country, while the silver dollars and half dollars (1776 to 1976) were reissued as a special collectors edition.

Many collectors have different agendas when collecting these coins. Some prefer commemorative coins from 1892 - 1954 while most collectors choose the modern editions. They know that these coins have different values depending on the series and/or editions.

Although there have been different series released, a proposal was submitted to congress that would mark the Lincoln cent for his birth anniversary. No one knows whether or not the 1-cent denomination commemorative coin will be minted.

The confusing part of these commemoratives that are circulating is the pattern of the denomination. The 1776-1976 commemoratives half-dollar and silver dollar may not be included in collections because of their scarcity. Most of the coins that are circulating are the quarter dollar coins. It should be an interesting development for the proposed circulation of the one cent commemorative coin.

Some people are born to love money; whether they spend it or just collect it, they are simply born to love the way money provides them the kind of gratification that they need.

For example those people who are coin collectors simply love the sight of coins and many wish to display their collections as art.

In the United States, coin collecting started as early as 1652. During this period, business people and individuals alike, were known to engrave and distribute their personal coins.

Some people are so interested in coin collecting that they are more willing to combine various forms and categories. The reason for this fascination for these coins is the very nature of U.S. coins.

The U.S. Mint carefully crafts U.S coins and over the past 30 years it has minted nearly 300 billion coins.

When the Articles of Confederation gave consent for the different states to create or manufacture their own coins, the U.S. coin collections grew at an unparalleled rate. That is why in the middle of 1780's, states like Connecticut, Vermont, New Jersey, New York, and Massachusetts started creating various coins unique to their states. This prompted the start of "rare coin collection."

To know more about U.S. coin collecting, here are some of the basic facts that you must know:

1. It was on 1787 that the primary "federally" approved coin of the U.S. was first made. It was in New Haven, Connecticut where the "Fugio Cent," the name of the coin, was secretly manufactured.

2. The U.S. Mint is responsible for manufacturing the U.S. coins. The agency uses bands of metal that are rolled into loops, with the right breadth and measurements. Each kind of coin uses a particular kind of metal. For instance, metal strips that are made of zinc are used to manufacture pennies, while nickels are made of a 25% "nickel metal alloy" and 75% copper.

For this reason, U.S. coin collecting is further subdivided into categories such as the U.S cent, U.S. nickel, U.S. dime, etc.

People who would like to start collecting U.S. coins, should learn the intricacies or the hobby and find ways to acquire their first coins.

The hobby of U.S. coin collecting is not just a wonderful hobby but also a great way to preserve the nation's culture and history.

Source: coin-articles.com

Taiwan Has 'Feudal Attitude' Toward Coin Proposal

The ruling Kuomintang on the Chinese island of Taiwan is taking a conservative and feudal attitude toward a proposed new coin, according to the grandson of the local hero whose portrait has been promised to appear on a coin. Democracy activist Chiang Wei-shui died of typhoid in 1931 at age 40. Chiang had been imprisoned several times during the Japanese rule of Taiwan, and founded the island’s first legal political party. The highway between Taipei and Su’ao in Ilan County is named for Chiang, not to be confused with the late Taiwan President Chiang Kai-shek. Taiwan’s current president, Ma Ying-jeou, made a promise more than a year ago to place the effigy of the late political organizer on a coin, however to date nothing has happened. Perhaps in some countries this might be a trivial matter, but it isn’t on Taiwan courtesy of Chiang’s grandson Chiang Chao-ken and other relatives. In fact, the proposal was taken seriously enough that there is an agreement between the current Taiwan president and the family regarding the proposed coin. Liberty Times newspaper reported on Dec. 14 that the lack of news regarding the promise Ma made about the coin made the grandson feel like he was receiving no respect. The grandson told Liberty Times the promised coins would be a symbol of Taiwanese history. The newspaper added that “Academics also approved the proposal because it would show the KMT strengthening the local aspect of its identity.” The Dec. 14 Taiwan News reported, “The presidential office said Monday the president had not reneged on his promise, but the Central Bank would introduce the coin at an opportune time according to its rules.” The situation is not being taken lightly by the president. Presidential Department of Public Affairs Director Chang Kuo-pao told Taiwan News that Ma wrote a letter to Chiang’s descendants to ask for their consent to issue commemorative coins in their ancestor’s honor. Chang told the newspaper the central bank would seek advice before deciding when to issue the coin, but he didn’t know when that would be. Taiwan News continued, “During a discussion with Central Bank Governor Perng Fai-nan after his election in March last year, Ma said it would be better to issue commemorative coins with effigies of Taiwanese historical figures rather than of the new president.” According to Liberty News, there is no tradition of depicting historic figures on commemorative coins, but the bank would consider honoring Chiang on a 10-yuan coin (The bank did not specify if the 10 yuan would be a commemorative or not.). Taiwan currently uses a decimal currency system based on the “new Taiwan dollar” or yuan. Circulation coins are issued in denominations of half yuan depicting a mei blossom on the obverse and the denomination on the reverse; 1, 5, and 10 yuan each depicting Chiang Kai-shek on the obverse and the denomination on the reverse; a 20 yuan depicting Mona Rudao on the obverse and traditional canoes used by the Tao people on the reverse; and a 50 yuan depicting Sun Yat-sen on the obverse with latent images of the denomination numeral in both Chinese and Arabic numerals on the reverse.

Source: numismaster.com