newswire

By Coinweek ….
 

CoinWeek News Wire for November 4, 2016

Canada 150

1.) Royal Canadian Mint unveils its 2017 Canada 150 circulation coin series

The Royal Canadian Mint has unveiled its 2017 Canada 150 circulation coin series featuring the work of five Canadians selected by popular vote to design the tails side of the new coins.

In March 2015, the mint launched a national contest inviting the public to create new designs for the 2017 circulation coin series celebrating Canada’s 150th anniversary…

2.) B.C. doctor’s coin design chosen for new toonie

The Royal Canadian Mint has unveiled five 2017 coins produced to celebrate Canada’s 150th anniversary.

Dr. Timothy Hsia, from Richmond, was one of five winners of the ‘My Canada, My Inspiration contest.”

3.) Ontarian selected as designer of Canada 150 circulation coin

After thousands of Canadians took part in a national contest to create circulation coin designs celebrating Canada’s 150th anniversary in 2017, the Mint is finally revealing the choice of Canadians. As simultaneous unveiling ceremonies unfold in the communities of each winning coin designer, the Mint today unveiled the work of Wesley Klassen, which will grace the reverse (or tails) side of the 2017 one-dollar circulation coin

4.) Mother’s war experiences inspire Calgary creator of 2017 10-cent coin

On Wednesday morning, more than three decades after she met her future husband in a London, England, fish and chip shop, the Calgary mom is basking in another magical moment.

The eldest of her four children, Amy Choi, is the guest of honour at a special reception at the Glenbow Museum, where officials from the Royal Canadian Mint unveil the design that will grace the reverse (or tails) side of the 2017 10-cent circulation coin and be available in the spring…

5.) Millbrook man’s design chosen by Royal Canadian Mint for special coin

[Gerald] Gloade used a beaver design he created in 2012 for Mi’kmaw History Month and made some changes to create his winning artwork.

“I’ve always treasured the Alex Colville-designed set of centennial coins that I received as a young boy and having the chance to leave your own mark on a Canadian circulation coin is an amazing way to be involved in the celebration of Canada 150,” he said. “As a proud Mi’kmaw, I was inspired to re-imagine the beaver of our traditional five-cent coin through the eyes of my own First Nations culture.”

Brain Food

6.) Coin Wrapping No Sticky Tape Tutorial

Collect those small changes and get organized before you hand them to your bank, make them happy. This is a short tutorial. Wrapping coins with paper, no sticky tapes needed (again, make those bank teller happy)

7.) In Deadwood, Men Wore Fake Five Dollar Coins on Their Wrists to Show Off

In Deadwood, some young men didn’t use the trumped up coins to buy goods, but used them as a fashion statement, reports the Rapid City Journal. As a local paper wrote at the time, “A number of the tony young men about town are wearing cuff buttons made of the new nickels… They are highly plated with gold, and to the uninitiated look for all the world like genuine five-dollar gold pieces.”

8.) New FTC rules help collectors find the real silver coins and real ‘I like Ike’ buttons

The Federal Trade Commission earlier this month issued final rules regarding coins and political items — rules intended to protect consumers who buy copies of valuable collectors items

Under the Radar

9.) Central bank to remove 1 jiao coin series

The coin, minted mainly from 1991 to 1999, is among the fourth series of renminbi coins. It features a chrysanthemum on one side and the National Emblem of the People’s Republic of China, the full title of the state in Chinese and pinyin on the other side

10.) Coin celebrates Francisco Bolognesi bicentennial anniversary

Peru’s Central Reserve Bank introduced a commemorative S/ 1 coin this week to celebrate the 200-year anniversary of the birth of Colonel Francisco Bolognesi Cervantes

11.) Rogue One: A Star Wars Story Collectible Coins Coming for Holidays

Rogue One: A Star Wars Story is a major event, the first standalone film in the Star Wars universe, set outside the core “Skywalker Saga.” To commemorate the event, there are toys, razors, collectibles of every stripe – even a car is being branded with Rogue One for the film. An old standby, coins, are also in the mix, thanks to New Zealand Mint, who has done several Star Wars coins in the past and continues the tradition with Rogue One…

Current Events

12.) Man killed over ‘invalid’ 10 coin

Amid confusion over validity of Rs 10 coins, a hotel owner in Mungisapur area of Kanpur Dehat allegedly beat a man to death when he offered him one such coin to settle the bill

13.) Ditching five-cent coin a fair point: PM

[Australian Prime Minister] Malcolm Turnbull says he’s interested to follow the debate on ditching the five-cent coin during his visit to Tasmania

14.) Coin buybacks still on hold as US mulls changes

Recyclers of mutilated coins are left holding the bag for at least the short term now that the U.S. Mint has decided to hold off on restarting its coin exchange program while it mulls possible changes that could include annual submission limitations.

The program will remain offline but the Mint is seeking input on various proposed changes during a 14-day public comment period that closes Nov. 15, the U.S. Treasury Department said in a Nov. 1 Federal Registry notice

15.) New pound coin: Firms told to prepare for redesign

Businesses should get ready now for the introduction of the new 12-sided pound coin, the Treasury has said.

A new website is urging firms to adapt their equipment and train their staff in preparation for the arrival of the new coin in March 2017…

16.) New 12-sided pound coin: Everything you need to know

A new 12-sided £1 coin will be introduced in March 2017 with the aim of cutting down on fraud, but there are fears it will cause chaos for businesses and local authorities.

Here’s all you need to know…

Banknote News

17.) Does the Future Belong to Plastic Cash?

“There’s a lot of science behind bank notes that people probably don’t appreciate is there,” says Victoria Cleland, the chief cashier at the Bank of England. Before awarding Innovia the contract for the U.K.’s plastic pounds, her team spent more than five years studying potential materials for the new notes, examining whether, for example, holograms verifying a bill’s authenticity could be easily incorporated into a particular polymer. The U.K. put the first of 440 million plastic £5 notes into circulation in September; it will introduce a £10 bill in June made by Innovia. The company is bidding on the contract for the £20 note to follow.

18.) Details of the new plastic £20 note revealed

This polymer note will feature artist J.M.W Turner following nominations from the public. In total 29,701 nominations were received covering 590 eligible characters. The Bank of England’s bank note character advisory committee selected Turner to feature alongside the Queen on the new note

19.) Seychelles to issue new banknotes and coins in December

New banknotes and coins with enhanced security features will enter into circulation in Seychelles on Dec. 5, the island nation’s Central Bank said Thursday. Thirty-five species of Seychellois flora and fauna, including the Aldabra giant tortoise and pitcher plant, will feature on the currency

20.) Old design Pakistan banknotes to be demonetised from Dec 1st

The old design banknotes would cease to be legal tender with effect from December 1, 2016 in the light of Federal Government’s gazette notification of June 4, 2015.

The State Bank of Pakistan (SBP) has decided to phase out all remaining old design banknotes of Rs 10, 50, 100 and 1,000, said an SBP statement on Wednesday…

cranecurrency21.) Inflation-Racked Venezuela Turns to Company Behind U.S. Dollars for New Bills

Venezuela’s Socialist government, a vocal critic of the dollar’s global dominance, has hired the exclusive supplier of U.S. currency paper to provide the bulk of its banknotes

Zimdollar Blues

22.) Mugabe Issues ‘Bond Note’ Regulations

President Robert Mugabe has issued regulations providing the legal basis for the issuance of ‘bond notes’, a surrogate currency his government hopes will ease a biting US dollar shortage, according to a government notice issued late Monday

23.) US Dollar Note Trade Rages as Zimbabwe Braces for ‘Surrogate Currency’

However, in trying to defend his controversial ‘surrogate currency’ plan, which has become a lightning rod for anti-government sentiment, the embattled [Central Bank Governor John] Mangudya is starting to sound like his predecessor, who was a serial sabre rattler

24.) BOND NOTES CIRCUS: Chinamasa Reverses Mugabe Orders

[The] Government’s own confusion surrounding the introduction of bond notes continues after Finance Minister Patrick Chinamasa said the fictitious currency will only be introduced after Zimbabweans have fully understood and accepted them. A task that will not be too difficult as the majority of Zimbabweans are already saying no, judging with a whopping 99.98% population ratio

25.) ‘Some Zimbabweans are already printing fake bond notes’ – minister

Some Zimbabweans are already printing fake bond notes even though the “real things” haven’t been put into circulation yet, finance minister Patrick Chinamasa has been quoted as saying.

If true, the report will do nothing to shore up confidence in the about-to-be introduced bond notes, which are supposed to be surrogates for the US dollar in the cash-strapped country. Most believe the notes will fuel hyperinflation and take Zimbabwe back to the shortage-riddled days of the pre-2008 crisis

26.) Bond notes printing secrecy

The notes, coming in the form of $2 and $5 bills, could hit the streets anytime. However, it still remain a mystery as to which organisation has been tasked with printing of the notes.

Reserve Bank of Zimbabwe governor John Mangudya is keeping the identity of the organisation and where it is from close to his chest.

He denied reports that Germany and South African firms were contracted to print the surrogate currency

Gold, Precious Metals & Bullion News

27.) Private Equity Firm in Talks to Buy Argor-Heraeus Refinery

Argor-Heraeus is part-owned by Heraeus, Commerzbank, the Austrian Mint and its management. The Austrian Mint and Commerzbank hold the largest stakes, according to their respective 2015 annual reports

Crime & Punishment

coin_crime_alert28.) NCIC Crime Bulletin

From the Numismatic Crime Information Center (NCIC):

Vehicle Burglary

The following coins were stolen when a dealer stopped after leaving the recent Collectorama show. The suspect vehicle is described as a silver SUV.

Stolen Coins:

  • 1908-S IH VG8 ICG 2736900101
  • 1909-SVDB Linc VF20 ICG 2736900102
  • 1916-D Merc Dime Fair 2 ICG 273690103
  • 1942/1 Merc Dime VF 35 ICG 273690104
  • 1942/1 Merc Dime VF 35 ICG 273690105
  • 1928 Silver Dollar AU50 ICG 273690106
  • 1928 Silver Dollar AU58 ICG 273690107
  • 1932-D Wash 25 cent VF20 ICG 273690108
  • 1932-S Wash 25 cent EF45 ICG 273690109
  • 1-1 oz Gold Eagle coin
  • 1-1 oz Gold Canadian Maple leaf
  • 1 – 1 oz Pamp Gold Bar
  • 1 set BU Franklin in capitol plastic holder
  • 1- 2013 Proof Set clad
  • 4 – Misc Commemorative coins
  • 4 – 1800 Silver Dollars
  • 1 – Shield Nickel
  • 2 – Dansco Albums
  • 1 – Silver Wartime Nickel BU set in Capitol holder
  • 20-2009 Silver Eagles
  • 1-2003-S Sacagawea Dollar Pr 69
  • 1-2011-S Sacagawea Dollae Pr 69
  • 1-2009-S Sacagawea Dollar Pr 69
  • 1-1907 $5 Wood chopper

* * *

Anyone with information about the case above should contact the NCIC’s Doug Davis at (817) 723-7231 or doug@numismaticcrimes.org.

The Numismatic Crime Information Center is a 501 (c)(3) non-profit corporation. P.O. Box 14080 Arlington, Texas 76094.

www.numismaticcrimes.org

29.) Bank Note Counterfeit Detection Training Offered

Grey County Ontario Provincial Police (OPP), together with the Bank of Canada and the Royal Canadian Mounted Police (RCMP), will be hosting a ‘Bank Note Counterfeit Detection Training’ session on November 22 in Owen Sound.

Businesses, together with the general public, are invited to attend this free training session

30.) Armed men attempt robbery at Kitchener Coin Shop

Two armed men attempted to rob the Kitchener Coin Shop on Tuesday.

Waterloo Regional Police said two men, one armed with a gun, entered the King Street East business at about 5 p.m. and hit the male clerk, who received minor injuries.

The suspects fled the scene shortly after. It is not believed that anything was taken, police said…

31.) Ocean View couple arrested for selling counterfeit gold

Delaware State Police Detectives from the Financial Crimes Unit initiated an investigation on Monday, Oct. 24, after victims came forward and reported two suspects selling counterfeit gold bars and coins throughout Sussex County. After conducting interviews and examining evidence, it was found that Paul and Heather Micaletti, both of Ocean View, had sold over $35,000 in counterfeit gold to victims who thought they were purchasing legitimate gold bars

32.) Pub manager appeals for help to recover father’s war medals

The 52-year-old, who has been general manager at The Aviator for 10 years, said: “There were four medals: one Burma Star, one police service medal and two war service medals – they are irreplaceable.

“It’s not just them but the diary my dad wrote to my mum when he was coming back from the war in Burma.”

33.) Thief in Waiouru medal heist that ‘shocked the nation’ denied parole

One of the men behind the theft of $5 million worth of war medals from the National Army Museum in Waiouru has been denied parole.

James Joseph Kapa is serving 13 years and three months’ imprisonment for stealing medals, as well as other fraud, money laundering and burglary offences.

He and Ronald van Wakeren committed the brazen heist at the National Army Museum in Waiouru in 2007, stealing 96 medals, including Victoria Crosses, worth about $5 million in total…

Treasure & Archaeology

34.) Deep-sea treasure: is it worth the risk?

Although caves filled with gold may be enticing, there is no treasure-lust more intense than seeking out riches stranded on the seabed. But even as underwater technology improves and the hunt becomes more enticing, it seems treasure doesn’t pay

ancientgoldcoin35.) Ancient gold coin discovered in Kafr Kana

The pupils had discovered a gold coin from the early Islamic period, dating to 776-77 C.E., over a century after the Arab Islamic conquest of the Levant. The coin contained Arabic inscriptions portraying the belief in one god and the name of the prophet Muhammed. Additional silver coins were also found

36.) Age of Segovia aqueduct revised after discovery of ancient coin

The material that filled the foundations of these pillars includes ceramic materials created in workshops in La Rioja around the first third of the second century AD. What’s more, an ancient Roman coin minted between 112 and 116 was also recovered

37.) Eureka moment arises as experts discover rare coin in Deadwood

In 1883, the U.S. Mint issued a new 5-cent nickel (though it was not yet consistently called a nickel, as the 3-cent nickel coin was still occasionally used). At the time, it was an innovation in that for the first time, a non-precious metal coin carried a Liberty-head design, Kevin Akin told the Journal.

“This design was similar to that on gold coins of the time,” he explained. “So when the early 1883 V nickels came out with no ‘cents’ inscription below the Roman numeral ‘V’ for 5, it was new to everyone, and grifters immediately began gold-plating them to pass as $5 gold coins.”

U.S. Treasury officials denied there was a problem. But a local newspaper story at the time told a different tale…

38.) A day out metal detecting with the man who found the ‘Malmesbury Coin Hoard’

The hoard, which consists of 1,266 early fourth century Roman copper alloy coins, was discovered in 2012 by metal detectorist Tony Mims, and remains one of the most significant finds in the area.

Standard reporter Callum Chaplin spent a day with Tony to see if he could unearth a little bit more about the solitary practice of metal detecting and maybe discover a hoard of his own…

39.) Sittingbourne man prosecuted after stealing an historical ring found while metal detecting

A man who found a valuable historical ring at a metal detecting event has been ordered to pay £600 in compensation after he kept it.

The 30-year-old found a “gold posy ring”, valued at around £1,200, but failed to provide adequate details of his find to heritage conservation teams…

Medals, Tokens & Exonumia

40.) Arkansas mint’s coins in ‘Game of Thrones’ sets

When it came time to select treasures for collectors’ sets marking the 20th anniversary of the publication of the novel Game of Thrones, it was likely coins by Shire Post Mint in Springdale would become part of the bounty.

“Shire Post Mint is a long-standing partner of George’s, and their coins fit perfectly into these collectible sets,” David Moench, deputy director of publicity at Random House Publishing Group, wrote in an email. “We are especially excited that they were able to create a previously unreleased set (The Dead Man Set) for our Limited and Ultra Limited Edition boxes.”

41.) Commemorative coins capture local cenotaphs for veterans

Last year, with little fanfare ahead of time, the Thank-A-Vet committee commissioned the creation of 1,400 commemorative coins for the annual luncheon, which always falls on the first Saturday of November. Four-hundred of them were made to be collectibles for veterans in attendance at the luncheon. They depicted the Brant County War Memorial in Brantford

[We’ve noticed that when local news websites report about commemorative medals or tokens being made for local celebrations, they more and more frequently refer to them as “coins”. Perhaps it’s time for some outreach to the mainstream media… –CoinWeek]

Auction Results

42.) State Gets 115-Thousand-Dollars for Unclaimed Gold Coin Collection

“We currently have over 225 million dollars of Mainers’ money. It’s accumulated over the years. Last year we took in 25 million dollars and we returned 16.1 million, which was a significant increase from prior years. We’re getting better at doing the outreach to businesses so they know what to do with this unclaimed property,” said Terry Hayes, Maine State Treasurer…

Upcoming Auctions & Events

43.) Sudbury’s coin club set to celebrate 60 years of collecting

[Lest anyone need reminding, Sudbury, Ontario is home to theBig Nickel“, whose creator Ted Szilva passed away in March. –CoinWeek]

The Nickel Belt Coin Club in Sudbury is marking its 60th anniversary this weekend and to celebrate the group will showcase coin collections to the public.

Club president Bob Denton said it’s an easy hobby to start.

“There’s a little collecting of coins in everybody,” he said. “Whether they’re [in] a jar on your dresser or in your jewelry box or just in a drawer in a desk.”

Museums & Exhibits

44.) Defacing the past: damnation and desecration in imperial Rome

Like many rulers, Roman emperors used inscriptions, sculptures and coins to project their authority. But the imperial image could be outraged and subverted for political and religious reasons

45.) Museum bids to keep £1.35m Viking coin hoard in Oxfordshire ‘where it belongs’

The hoard of about 200 silver coins, seven items of jewelry and 15 silver ingots date back to the ninth century, including many coins of Alfred the Great, who was born in Wantage and King of Wessex from 874 to 879.

The treasure has been valued at £1.35m by the Treasure Valuation Committee and the Ashmolean wants to save it for the nation by raising £70,000…

“Good News, Everyone…”

46.) Hereford Metal Detecting Society raises more than £3,000 for county hospice

Despite cold and foggy conditions, more than 175 people turned out to support the hospice and in excess of £3,500 was raised on the day.

The more interesting finds of the day included some hammered coins and seven Roman brooches – one of which was a rare variety previously unknown from the county – as well as an Emporer [sic] Trajan Silver Denarius coin and a fragment of an Iron Age axehead…

World of the Weird

47.) College denies gold coin reward for killing strays

In the wake of reports in a section of the English media that the St Thomas College Alumni Association, Pala would hand out gold coins to the civic authorities for killing stray dogs, the college and its alumni association has come out with a rejoinder that neither the college nor the association has made any such announcement

Just for Fun

48.) How to Roll a coin on your knuckles

Here’s how to do a cool thing with your hands that doesn’t involve anyone else! It’s rolling a coin or washer on the back of your fingers. If you’ve seen this before and thought you could never do it, you’re probably right – with that attitude! So, fix your attitude and watch this coin rolling tutorial we set up for you

* * *

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