Minting varieties are the coins that the Mint didn't intend to make. They're the Mint's mistakes that somehow made it past the quality control inspections. Although disliked by the Mint, they're adored by many collectors.
However, not all collectors of a given series are interested in minting varieties. Many collectors consider the error coins unnecessary for a complete collection. For example, although the 1955 doubled-die Lincoln cent is widely popular and has enough demand to push the price to dizzying heights, few Lincoln cent collectors consider their set incomplete if they don't have one. Lincoln cent varieties, of which the 1955 doubled die is one of the best known, are the subject of this article. My aim is to discuss the best known of the Lincoln cent varieties, their histories, and their values, with an emphasis on wheat cent varieties. I'll begin with A Guide Book of United States Coins varieties....
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Monday, March 24, 2008
Precious Metals, World Coin Connection
High precious metal prices usually make for strange happenings in the world coin market. One such occurrence cropped up in Ethiopia near the end of 2007 and has been unfolding over the last few months. Some schemers ripped off the National Bank of Ethiopia to the tune of 26.8 million dollars through a plot involving gold plated steel bars....
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1948 Commemorative Coin Brings Memories of State Ferry Operations at St. Ignace
Clayton Bennett of St. Ignace has a 25¢ coin that reminds him of his youth. It is a 1948 silver anniversary coin commemorating the 25th anniversary of the Michigan State Ferries....
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Coins mark 2008 Beijing Olympics
Athletes won’t be the only ones in pursuit of Olympic gold and silver this summer.
Coin collectors will be able to acquire proof gold and silver commemorative coins issued by the China Mint in honor of the games it will host Aug. 8-24....
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Coin collectors will be able to acquire proof gold and silver commemorative coins issued by the China Mint in honor of the games it will host Aug. 8-24....
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Monday, March 17, 2008
Coin show held in Liverpool
ONONDAGA COUNTY, N.Y. -- You could find thousands of rare coins on display in Liverpool Sunday. The Onondaga Numismatist Association held a coin show at the Ramada Inn.
Some collectors were looking for something to add to their collection, while others were looking to see what their coins are worth. One collector tells us what interests him....
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Some collectors were looking for something to add to their collection, while others were looking to see what their coins are worth. One collector tells us what interests him....
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Assay Members May Have Saved 1876-CC
The story I heard is that the 1876-CC 20-cent coins that have survived in uncirculated grade were souvenirs saved by the members of the 1876 Assay Commission. Is this true?
Possibly true, but there is no written evidence to support the belief, which I have seen quoted. You might say, "A likely story."...
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Possibly true, but there is no written evidence to support the belief, which I have seen quoted. You might say, "A likely story."...
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For some folks, all that glitters nowadays is gold
MILFORD - Gold prices blew past $1,000 an ounce, and those peak prices for the precious metal brought plenty of customers to Steve Allen's Old Milford Coin Shop.
"At one time, I had seven or eight people standing in line," said Allen, 58.
After hearing that gold was trading on the New York Mercantile Exchange for as much as $1,009 Friday - a trading record - people were eager to know how much their jewelry was worth....
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"At one time, I had seven or eight people standing in line," said Allen, 58.
After hearing that gold was trading on the New York Mercantile Exchange for as much as $1,009 Friday - a trading record - people were eager to know how much their jewelry was worth....
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The rising value of gold leads to a seller's rush
As the economy falters, gold glistens.
Fears of a recession, the credit and housing crunch, slumping retail sales, higher energy prices and unemployment have propelled the precious metal's value to new heights.
Gold reached a milestone Thursday, hitting an all-time high of $1,001.50 an ounce in trading before closing at $993.80....
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Fears of a recession, the credit and housing crunch, slumping retail sales, higher energy prices and unemployment have propelled the precious metal's value to new heights.
Gold reached a milestone Thursday, hitting an all-time high of $1,001.50 an ounce in trading before closing at $993.80....
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Second suspect questioned in coin collection robbery
SPRING LAKE TWP. -- A second suspect in the home invasion and armed robbery of a coin collector has been apprehended and questioned by Ottawa County investigators, who are confident charges will be filed against him....
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Eagle prices reflect gold gains
Sales of proof 2008 gold American Eagle coins began March 4 at prices reflecting gold’s recent strong gains.
The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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Silver coins of Victorian era found in Halwara
A Dispute over a booty led to the confiscation of 172 ancient silver coins, which were found buried at Sudhar village near the Halwara Air Force Station on Monday....
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Qatar Museums Authority receives antique coins
Doha • A local businesssman has donated a collection of antique coins to the Qatar Museums Authority (QMA)
QMA CEO Abdulla Al Najjar received the collection of pre-Islamic and Islamic coins from the collector, Omar Hamad Al Mana at a...
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QMA CEO Abdulla Al Najjar received the collection of pre-Islamic and Islamic coins from the collector, Omar Hamad Al Mana at a...
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New coin could revive interest in Cornish site
The United States Mint has announced it will recreate a $20 gold coin designed by Augustus Saint-Gaudens in 1907, and a curator hopes the new version of the coin will attract more visitors to the famed American sculptor's former estate in Cornish....
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Penny Problem: Not Worth Metal It's Made Of
The saying goes, "See a penny, pick it up, all day long you'll have good luck."
But these days, the penny itself isn't having much luck. Not only is there nothing you can buy with a penny, it's literally not worth the metal it's made of. ...
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But these days, the penny itself isn't having much luck. Not only is there nothing you can buy with a penny, it's literally not worth the metal it's made of. ...
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Coin collecting can offer valuable lessons
Coin collecting truly has become a cool hobby for youngsters since the 1999 launch of the state quarters program.
Frankly, I think it is one of the best ways to introduce young children to money. Not only can they learn about the value of money, how to count and how coins are minted, but the designs, mint marks and other patterns can make history come alive.
The hobby has gone through a "Neo-Renaissance" in the past 10 years, U.S. Mint Director Edmund Moy said....
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Frankly, I think it is one of the best ways to introduce young children to money. Not only can they learn about the value of money, how to count and how coins are minted, but the designs, mint marks and other patterns can make history come alive.
The hobby has gone through a "Neo-Renaissance" in the past 10 years, U.S. Mint Director Edmund Moy said....
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Monday, March 10, 2008
Eagle Prices Reflect Gold Gains
Sales of proof 2008 gold American Eagle coins began March 4 at prices reflecting gold's recent strong gains.
The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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India's Coins Look Alike
The coinage shortage in India can in part be blamed on the rising value of the metals of which they are composed.
Reserve Bank of India Chief General Manager in Mumbai Alpana Killawalla was quoted Jan. 19 in The Times of India newspaper as saying, "With the rise in international prices of copper and nickel, the intrinsic value of the coins were becoming higher than the actual embossed value. So, it was necessary to switch to a cheaper metal."...
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Reserve Bank of India Chief General Manager in Mumbai Alpana Killawalla was quoted Jan. 19 in The Times of India newspaper as saying, "With the rise in international prices of copper and nickel, the intrinsic value of the coins were becoming higher than the actual embossed value. So, it was necessary to switch to a cheaper metal."...
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Monroe quiet over $1 coin
MONROE - When the new $1 U.S. coin bearing the image of this town's namesake made its debut last month, it came with little hoopla.
There was the man from Springfield who drove the 60-odd miles north and west to get here in Franklin County, thinking the town was minting the coin in honor of the nation's fifth president James Monroe.
It's believed, though, that not even one of the town's just under 120 residents has one of the coins yet. ...
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There was the man from Springfield who drove the 60-odd miles north and west to get here in Franklin County, thinking the town was minting the coin in honor of the nation's fifth president James Monroe.
It's believed, though, that not even one of the town's just under 120 residents has one of the coins yet. ...
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Young coin collectors learn about money and history
I remember my coin collection from yesteryear: A handful of silver dollars, some JFK 50-cent pieces, and an assortment of coins from faraway lands that I dreamed of someday visiting....
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The golden years are back
The price of bullion has hit a new high, so is this a good time to invest? Patrick Collinson looks at the safest buys ... and how to sell a gold tooth...
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Escala Group Names Permanent CEO
BETHEL, Conn.--(BUSINESS WIRE)--Escala Group (ESCL.PK), a global collectibles company in stamps, coins, precious metals trading, and art and antiques, today announced that the Board of Directors has appointed Greg Roberts, the head of its coin and trading divisions, as its President and Chief Executive Officer. Mr. Roberts replaces Matthew M. Walsh, who has served as President and acting CEO of the Company since December 2006, and as Chief Financial Officer since May 2006. Mr. Walsh is leaving the Company to pursue an opportunity in private equity....
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Will Coin Collecting Ever Be the Same Again?
Gold is in a foot race sprint towards $1,000 a troy ounce and beyond. Platinum is already at $2,174 an ounce. Silver exceeds $20 an ounce. The price of oil has gone over $100 a barrel. Copper is now at a record $3.91 a pound; nickel is a $14.82 a pound and even lowly zinc is at $1.27 a pound.
The age of commodities is upon us.
Here's the scary thing. A couple hundred dollars ago, gold reached its high of the 1980s, then the height of inflation and a series of economic pressures that were very apparent to the nation as a whole and to coin collectors in particular....
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The age of commodities is upon us.
Here's the scary thing. A couple hundred dollars ago, gold reached its high of the 1980s, then the height of inflation and a series of economic pressures that were very apparent to the nation as a whole and to coin collectors in particular....
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Eagle Prices Reflect Gold Gains
Sales of proof 2008 gold American Eagle coins began March 4 at prices reflecting gold's recent strong gains.
The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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The one-ounce coin is priced at $1,199.95 and will have a production limit of 25,000 individual coins and up to another 35,000 coins in the four-coin set for a maximum total of 60,000 pieces....
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Many Key Dates Created in 1921 Recession
Go to a coin show and price the following 1921 U.S. coins: the S-mint nickel, the P- and D-mint dimes, the quarter, all three halves, and the Peace dollar. What do they all have in common? Low mintages and high prices. Why is that? Because the state of the economy plays a very important role in the production of our currency.
The post-World War I years saw a slowdown in the economy of the United States. The decade before World War I, however, had seen booming economic growth unmatched in history. This amazing economic growth continued during the war, when many nations mobilized their national resources into command economy structures...
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The post-World War I years saw a slowdown in the economy of the United States. The decade before World War I, however, had seen booming economic growth unmatched in history. This amazing economic growth continued during the war, when many nations mobilized their national resources into command economy structures...
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Dolley First Spouse still on sale
When the Elizabeth Monroe First Spouse gold coins went on sale Feb. 28, for the first time in the program, the prior offering had not sold out.
The result is collectors are being treated to two half-ounce gold coin designs that are selling at two vastly different prices.
The new proof Monroe piece is priced at $619.95 each and the uncirculated coin is priced at $599.95.
Both prices represent an increase from the prior Dolley Madison design. However, Dolley is still on sale....
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The result is collectors are being treated to two half-ounce gold coin designs that are selling at two vastly different prices.
The new proof Monroe piece is priced at $619.95 each and the uncirculated coin is priced at $599.95.
Both prices represent an increase from the prior Dolley Madison design. However, Dolley is still on sale....
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Monday, March 3, 2008
Coin Chat Radio Brings Money to the Airwave
Iola, WI, February 29, 2008 - “Live, from Iola, Wis., the Coin Collectors Capital of the World, it’s Coin Chat Radio.”
With that salutation, Krause Publications will launch a new Web-based radio station on March 14 at numismaticnews.net.
Bob VanRyzin, editor of Coins magazine, a sister publication to Numismatic News, will host the premiere show, “Collecting Money.” It airs live at 11 a.m. and will be available as podcast for listeners who later visit the site. After the launch date, the show will air every Thursday at 11 a.m.
Coin Chat Radio plans to offer a wide variety of programming to appeal to a divergent collecting community...
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With that salutation, Krause Publications will launch a new Web-based radio station on March 14 at numismaticnews.net.
Bob VanRyzin, editor of Coins magazine, a sister publication to Numismatic News, will host the premiere show, “Collecting Money.” It airs live at 11 a.m. and will be available as podcast for listeners who later visit the site. After the launch date, the show will air every Thursday at 11 a.m.
Coin Chat Radio plans to offer a wide variety of programming to appeal to a divergent collecting community...
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Company refunds money taken for collectible coins
In April, I saw an ad for a free, eight-piece coin collection for early responders. You just had to pay $12.95 shipping and handling.
I called and ordered it. With her permission, I gave my daughter's checking account number for the payment to be debited. But since then the account has been charged $13.40 per month, which was taken without my daughter's authorization...
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I called and ordered it. With her permission, I gave my daughter's checking account number for the payment to be debited. But since then the account has been charged $13.40 per month, which was taken without my daughter's authorization...
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Metal Prices on Fire
Metal Prices on Fire
By Debbie Bradley, Numismatic News
February 28, 2008
Other News & Articles
* Russian, Ukrainian Coinage Demand on the Rise
* Winter Sports Featured Prominently on 2008 Coins
* How Many Millions Will 1804 Silver Dollar Bring?
"Should I buy or should I sell?"
That's what owners of bullion coins are asking themselves as gold and silver prices climb higher each day.
Meanwhile, dealers are finding themselves busy doing both.
"With oil hitting over $100 a barrel, gold near $1,000 an ounce and silver near $20 an ounce, it's created a lot of activity," said Scott Thomas, president and chief executive officer of American Precious Metals Exchange.
Any BU $20 Saint-Gaudens gold coin, for instance, is selling for close to $1,000.
"I think a lot of people are selling a lot of bullion products they bought when silver was under $10 an ounce," Thomas said. "Here is a chance for people to double their money." A bullion coin gets most of its value from the metal value, while a collector coin gets most of its value from its rarity.
"A lot of people are selling pre-1933 gold coins that they've held on to for a while," Thomas said. "They're cashing in."
Vintage type coins, however, aren't recording a huge increase or decrease in activity, he said.
"Steady as it goes," Thomas said.
A 1930-S dime uncirculated has only $1.30 silver value, but collector demand for that coin is strong, said Ken Pines of Coast to Coast.
So don't expect coin collectors to turn in their collections for melt value.
"It's a real effort to come up with enough good collector coins," Pines said. "There aren't a lot of sellers of collector coins out there. They're not speculating on the market." But an abundance of bullion-related materials is now being offered, Pines said.
"It's going out of here as fast as it's coming in," he said. "A lot of people have $20 gold pieces they bought for $300 and $400 that they can now sell for $1,000," Pines said. In fact, on Feb. 26, Coast to Coast was buying $20 Saint-Gaudens BU for $981 and selling them for $1,016.
So is this the time to sell your bullion-related coins?
Thomas said it depends on what you have, what you purchased it for, and your comfort level.
"I always tell people, if you're interested in selling but you don't want to pull the trigger because you don't want to be wrong, sell half.
"If you have $50,000 in silver, sell $25,000. If the price of silver goes down, you were half wrong. If it goes up, you were half right. It makes people feel better about their decision whether they're ready to buy or sell."
Liz Coggan, numismatist with J.J. Teaparty of Boston, said the retail store, which handles a lot of bullion, has been unbelievably busy, with people 10 to 12 deep at the counters all day. And J.J. Teaparty is doing a lot of buying.
Coggan thinks it's a good time for collectors to think about profits.
"It's only a profit if you take it," she said. "It's not a profit on paper. People may say of their bullion gold coin, 'I've made $600 on this coin because I bought it at $300 and now it's at $945.' You've only made $500 or $600 an ounce if you sell it."
Some people would be prudent to take a profit, especially if they have a fair amount of product, she said.
"You don't want profit to just evaporate in front of you," Coggan said.
Weak consumer confidence may push the price of gold higher, Coggan said, but people may just pull back and not buy anything if they feel the economy is on shaky ground. "It's really hard to tell," Coggan said. "The country used to be its own entity. If stocks went up, gold went down. It doesn't function that way any more. We're so globally connected. It's harder to read the markets and where it's goi...
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By Debbie Bradley, Numismatic News
February 28, 2008
Other News & Articles
* Russian, Ukrainian Coinage Demand on the Rise
* Winter Sports Featured Prominently on 2008 Coins
* How Many Millions Will 1804 Silver Dollar Bring?
"Should I buy or should I sell?"
That's what owners of bullion coins are asking themselves as gold and silver prices climb higher each day.
Meanwhile, dealers are finding themselves busy doing both.
"With oil hitting over $100 a barrel, gold near $1,000 an ounce and silver near $20 an ounce, it's created a lot of activity," said Scott Thomas, president and chief executive officer of American Precious Metals Exchange.
Any BU $20 Saint-Gaudens gold coin, for instance, is selling for close to $1,000.
"I think a lot of people are selling a lot of bullion products they bought when silver was under $10 an ounce," Thomas said. "Here is a chance for people to double their money." A bullion coin gets most of its value from the metal value, while a collector coin gets most of its value from its rarity.
"A lot of people are selling pre-1933 gold coins that they've held on to for a while," Thomas said. "They're cashing in."
Vintage type coins, however, aren't recording a huge increase or decrease in activity, he said.
"Steady as it goes," Thomas said.
A 1930-S dime uncirculated has only $1.30 silver value, but collector demand for that coin is strong, said Ken Pines of Coast to Coast.
So don't expect coin collectors to turn in their collections for melt value.
"It's a real effort to come up with enough good collector coins," Pines said. "There aren't a lot of sellers of collector coins out there. They're not speculating on the market." But an abundance of bullion-related materials is now being offered, Pines said.
"It's going out of here as fast as it's coming in," he said. "A lot of people have $20 gold pieces they bought for $300 and $400 that they can now sell for $1,000," Pines said. In fact, on Feb. 26, Coast to Coast was buying $20 Saint-Gaudens BU for $981 and selling them for $1,016.
So is this the time to sell your bullion-related coins?
Thomas said it depends on what you have, what you purchased it for, and your comfort level.
"I always tell people, if you're interested in selling but you don't want to pull the trigger because you don't want to be wrong, sell half.
"If you have $50,000 in silver, sell $25,000. If the price of silver goes down, you were half wrong. If it goes up, you were half right. It makes people feel better about their decision whether they're ready to buy or sell."
Liz Coggan, numismatist with J.J. Teaparty of Boston, said the retail store, which handles a lot of bullion, has been unbelievably busy, with people 10 to 12 deep at the counters all day. And J.J. Teaparty is doing a lot of buying.
Coggan thinks it's a good time for collectors to think about profits.
"It's only a profit if you take it," she said. "It's not a profit on paper. People may say of their bullion gold coin, 'I've made $600 on this coin because I bought it at $300 and now it's at $945.' You've only made $500 or $600 an ounce if you sell it."
Some people would be prudent to take a profit, especially if they have a fair amount of product, she said.
"You don't want profit to just evaporate in front of you," Coggan said.
Weak consumer confidence may push the price of gold higher, Coggan said, but people may just pull back and not buy anything if they feel the economy is on shaky ground. "It's really hard to tell," Coggan said. "The country used to be its own entity. If stocks went up, gold went down. It doesn't function that way any more. We're so globally connected. It's harder to read the markets and where it's goi...
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How to Collect and Store Coins
Numismatics, the hobby of kings, began to catch on in the United States in the mid-1800s. In 1858, the Numismatic and Antiquarian Society in Philadelphia and the American Numismatic Society in New York City were organized. A decade or so earlier, there had been perhaps no more than a dozen serious collectors of coins this side of the Atlantic.
Coin-collecting interest expanded rapidly in the late 1800s and the early 1900s, as America's frontiers became settled and Americans became more interested in the arts. The first truly national hobby organization, the American Numismatic Association, was established in 1891, and several numismatic periodicals flourished during the period. ...
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Coin-collecting interest expanded rapidly in the late 1800s and the early 1900s, as America's frontiers became settled and Americans became more interested in the arts. The first truly national hobby organization, the American Numismatic Association, was established in 1891, and several numismatic periodicals flourished during the period. ...
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Coin collection stolen in break-in
A coin collection valued at $16,900 was reported stolen when thieves broke into a garage at a Clarksville area residence, then broke into a safe inside the garage and stole most of the contents....
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House cleaner charged in theft of $12,000 coin collection
ENFIELD - Police have arrested a woman in connection with the theft of an extensive coin collection last fall, and expect to make another arrest, Deputy Chief Anjo Timmerman said.
In October, a man reported that his coin collection had been stolen from his house, Timmerman said. He immediately pointed police to Jillian Jurczyk, 21, whose last address was the Motel 6 on Hazard Avenue, as a suspect. The man had hired Jurczyk a month earlier to help clean his apartment, police said....
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In October, a man reported that his coin collection had been stolen from his house, Timmerman said. He immediately pointed police to Jillian Jurczyk, 21, whose last address was the Motel 6 on Hazard Avenue, as a suspect. The man had hired Jurczyk a month earlier to help clean his apartment, police said....
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It's Not a Coin
Oh, oh. A young person was ringing the doorbell. Our numismatist scratched his head. Was he going to be asked to purchase cookies, candy or magazines for some good cause? "Hi, Mr. B. Mom sent me over. We found this old coin in a jar of buttons. Mom says you know a lot about coins. Maybe you could tell me what it's worth?" Handing over the coin, he said, "Mom said if it's worth anything that I can keep the money."
Our numismatist smiled as he looked over the coin. "Well, Brian, what you have is actually an 1863 Civil War token. I have one exactly like it. I won't keep you in suspense. It's worth about $20. That won't be enough to buy that red Corvette you want...
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Our numismatist smiled as he looked over the coin. "Well, Brian, what you have is actually an 1863 Civil War token. I have one exactly like it. I won't keep you in suspense. It's worth about $20. That won't be enough to buy that red Corvette you want...
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Plenty of 1896 Cents
While politicians debated the merits of the "free and unlimited" coinage of silver in 1896, a presidential election year, the lowly bronze cent kept right on going. No one could argue its importance. Cent mintages were high and so was demand, resulting in today's modest price tags for 1896 cents in all grades from Good-4 to Mint State-60.
The Philadelphia Mint was a busy place in 1896. Production of low-denomination coins, including the cent, were on the rise. The March 5, 1896, issue of the Ohio Democrat said the cent was in "great demand." "Three presses are now at work on copper coinage," the newspaper reported, "turning out [many thousands] of cents a day. This rate has before been equaled or exceeded, but it is worthy of remark now in view of the previous great output of the copper coins within the past dozen years."...
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The Philadelphia Mint was a busy place in 1896. Production of low-denomination coins, including the cent, were on the rise. The March 5, 1896, issue of the Ohio Democrat said the cent was in "great demand." "Three presses are now at work on copper coinage," the newspaper reported, "turning out [many thousands] of cents a day. This rate has before been equaled or exceeded, but it is worthy of remark now in view of the previous great output of the copper coins within the past dozen years."...
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Commission unveils commemorative coin
A commemorative coin to mark next year's 10th anniversary of the launch of the Single European Currency was unveiled by the EU Commission today.
The winning design is considered a 'primitive' one, as it carries the image of a cave-painting style stick man holding the common currency's 'e' emblem....
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The winning design is considered a 'primitive' one, as it carries the image of a cave-painting style stick man holding the common currency's 'e' emblem....
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Lending 2 cents to penny debate
“They still make pennies?” Bill Brower, Palo Alto, asked Saturday. “Get rid of it.”
Friday, U.S. Treasury Secretary Henry Paulson said it makes sense to eliminate the penny, noting it’s “worth less than any other currency.”
If the penny were taken out of everyday use, all prices would be rounded up or down to the nearest nickel....
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Friday, U.S. Treasury Secretary Henry Paulson said it makes sense to eliminate the penny, noting it’s “worth less than any other currency.”
If the penny were taken out of everyday use, all prices would be rounded up or down to the nearest nickel....
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Gold owners cash in coins
Since January, when gold prices started hitting new highs, local jewelers and pawnbrokers have seen an upsurge in the number of people cleaning out their drawers and bringing in their gold for cash or trade....
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Gold coins to mark £1 anniversary
The Royal Mint has launched a gold coin set to mark the 25th anniversary of the introduction of the £1 coin.
The set contains 14 £1 coins made out of 22-carat gold, with each one bearing one of the 14 designs that have been issued since the coin was first put into circulation.
The £1 coin first entered circulation in 1983, when it was decided that, due to increased prices and the relatively short life span of £1 notes, it would be more appropriate for the sum to be a coin....
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The set contains 14 £1 coins made out of 22-carat gold, with each one bearing one of the 14 designs that have been issued since the coin was first put into circulation.
The £1 coin first entered circulation in 1983, when it was decided that, due to increased prices and the relatively short life span of £1 notes, it would be more appropriate for the sum to be a coin....
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