HomeNewsCoinWeek News Wire for April 7, 2017

CoinWeek News Wire for April 7, 2017

By Coinweek ….

CoinWeek News Wire for April 7 2017

Brain Food

1.) How tough is the new £5 note?

The new UK’s new £5 bank note – made of polymer rather than paper – gets the “chemistry treatment”. Featuring Professor Sir Martyn Poliakoff [Of popular Youtube channel Periodic Videos. The professor donated an equivalent amount of money to charity as was destroyed in the video below. —CoinWeek] and Neil Barnes.

2.) Now I Get It: Bitcoin

The good news is that since Bitcoin’s creation eight years ago, its value has gone up by quite a bit—from well under a penny to over $1,000 per bitcoin today.

The bad news is that its value is incredibly volatile. Remember this past January, when it dropped by a fifth in a day? Good times…

3.) The missing legacy of 1000-mohur gold

Mystery continues to shroud the 1000-mohur gold coin of Emperor Aurangzeb. It is the largest gold coin ever minted in the world, and weighs 11.193 kgs.

The coin was reportedly mortgaged with the Banque de Credit Suisse for an undisclosed sum. Its present status is not known…

4.) Coin is not proof of Nazi collaboration with Zionists, says historian

“The image shows a coin struck by the Nazis in the 1930s to mark a series of articles published in the newspaper Der Angriff about a trip to Palestine by one of their agents.

“It was created by the Nazis to pretend that they wanted an ‘honourable’ solution to the ‘Jewish Question’ via the transfer agreement, which the Nazis later abandoned.

“The coin was of course pure Nazi propaganda, like a rapist pretending to sympathise with his victim.”

Under the Radar

5.) Commemorative WWI stamp and coin giveaway

The latest series of collectibles – titled “The Darkest Hour” and which go on sale on Wednesday – will mark New Zealand’s huge sacrifice on the Western Front, including battles in Passchendaele and nearby Broodseinde.

The 1oz silver proof coin depicts New Zealand’s darkest day in battle, on October 12, 1917 at Passchendaele, and features two soldiers paying their respects to a fallen comrade at one of many makeshift graves…

6.) Star Trek: The Original Series – Mirror, Mirror 2017 1oz Silver Proof Coin

“Mirror, Mirror” was one of Star Trek’s most iconic episodes and aired for the first time in 1967 during the second season of Star Trek: The Original Series. The episode uses the evil counterparts of some of Star Trek’s most beloved characters to explore the darker side of humanity and the premise that everyone has two sides to their personality. Yet, peace and harmony are the only way we can survive and prosper.

Each coin is struck by The Perth Mint from 1oz of 99.99% pure silver in proof quality and issued as legal tender under the authority of the Government of Tuvalu. The Perth Mint will release no more than 3,000 of the Star Trek: The Original Series – Mirror, Mirror 2017 1oz Silver Proof Coin.

7.) Peter Rabbit part of Beatrix Potter coloured 50p coin release by Royal Mint

Thirty thousand coloured coins featuring Peter Rabbit [were] released on Monday as collectables, as well as an unlimited number of plain ones.

Later this year the other three in the set will be released both as collectables and for general circulation.

The coins were created by designer Emma Noble, who has previously worked on pieces celebrating the Diamond Jubilee and Remembrance Sunday

8.) Members of the House of Keys present stamp and coin pack to all island school children

In 2017 the Isle of Man marks the 150th anniversary of the first popular election to the House of Keys, previously a self-elected body. Tynwald wanted to take the opportunity to mark this significant anniversary in Manx political history and asked Isle of Man Treasury for a 50 pence coin to be commissioned that would be presented to all-Island school children

9.) New Dutch coins created in celebration of King Willem-Alexander’s 50th birthday

The Royal Dutch Coin has designed a special commemoration coin for King Willem-Alexander’s 50th birthday. The design was done by Persijn Broersen en Margit Lukács. The 10-euro coin is the first commemoration coin made since 2013 when one was made for the King Willem-Alexander inauguration

Current Events

10.) ‘Bitcoin Should be Declared Illegal’ Demands Indian Politician

As it stands, the bitcoin industry remains unregulated in India with the Indian central bank issuing a public notice stating bitcoin companies in India were not recognized or approved by the authority. The notice, a rehash from December 2013, has spurred the Indian bitcoin industry to establish its own self-regulatory body and watchdog in February, one that approached Indian authorities but has yet to receive a response

11.) You only have weeks to spend your old £5 notes – or even banks might not take them

Some banks and building societies might still accept paper £5 notes after May 5, but this is at their own discretion.

The Bank of England will continue to exchange the old £5 notes for all time, as it would for any other Bank note which no longer has legal tender status…

Crime & Punishment

coin_crime_alert12.) NCIC Crime Bulletin

From the Numismatic Crime Information Center (NCIC):

Package Recovered

The package containing the below listed coins has been recovered by Postal Authorities.

The package included the following coins:

  • 1812 50C XF 45
  • 1885-CC S$1 MS 63
  • 1893 $5 MS 64
  • 1911 $5 MS 61

If you have information regarding any crime involving coins or other numismatic objects, please contact the NCIC’s Doug Davis at (817) 723-7231 or email him at [email protected].

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


Banknote News

13.) Indian Government Likely to Introduce Rs. 200 Banknotes

It may be mentioned that on 8th November 2016, Govt. had withdrawn Specific Bank Note (SBN) of Rs. 500 and Rs. 1000. These withdrawals resulted in shortage of hard currency as these SBN accounted for around 86% of the total currency in value.

After demonetization of SBN, RBI introduced new Rs 2,000 notes and redesigned Rs. 500 notes. Now, Govt. is likely to introduce Rs. 200 denomination notes…

14.) Fiji to soon have a special $7 note to commemorate Fiji’s historic gold medal win

Fijivillage has received information from reliable sources that the new $7 note and commemorative coin will be unveiled in the next few weeks and it will feature the victorious Fiji 7s team and former coach, Ben Ryan

Gold, Bullion & Precious Metals

The 145-ounce "Friday's Joy" gold nugget. Image courtesy Minelab15.) Inside China’s Mysterious Gold Mining Sector

I’ve been talking to colleagues this week about the news of a nearly 18-million ounce find in Shandong province. And it’s been amazing just how mysterious China’s gold sector continues to be, even for many global experts.

Most observers in the gold space know that China is the world’s number one gold-producing nation. A title it claimed in 2008, when it passed Australia for the top spot worldwide.

But the details of this production are much more obscure. For a number of reasons…

16.) Australia cracks down on gold industry tax fraud

The crack-down will be implemented by reversing arrangements for remitting [goods and services tax], so that those buying precious metals must remit and report it, not those selling them

17.) Gold Bugs: Why Russia is Stacking Bullion Bricks Like There’s No Tomorrow

“There is an even more important purpose for gold – that of strategic reserve,” the economist noted. “Factually, this is ’emergency’ currency which can be used in the event of a collapse of the so-called reserve currencies, including the US dollar, or in the case of a collapse of the global financial system into a series of currency blocs – allowing for trade to occur between these blocs.”

Treasure & Archaeology

18.) Detectors excavate secrets of Cape Cod History

The most mysterious recent find in Yarmouth is a 198-year-old Brazilian copper coin dug up from the ground at Bangs Hallet House. The 20-Reis coin was found by Ken Camilleis, veteran detector and Historical Society of Old Yarmouth member

19.) Fifteenth century coin found in West Dorset makes £42,000 at auction

The gold Angel of Edward V, who was one of the princes in the tower, was struck between 9th April and 25th June 1483. It is extremely rare as Edward was king for such a short time.

Its pre auction estimate was just £15,000 but it reached the sum of £42,000, which plus buyers premium brought the cost of the coin to over £50,000…

Medals, Tokens & Exonumia

20.) Orillia history in mint condition

The Orillia Museum of Art and History (OMAH) is taking orders for a commemorative coin designed for the museum by local artist Tony Bianco.

As a long-time artist for the Royal Canadian Mint, Bianco is no stranger to the process of compressing pertinent information onto a miniature canvas.

“I’ve done about 50 different coins for the mint and you begin to realize you have to edit your ideas pretty severely to say something on a two-inch canvas,” he said…

Upcoming Auctions & Events

Just for Fun

21.) Why are stock images of bitcoin so bad? It’s a hard business, that’s why

Stock imagery has played a significant role in developing the visual language of technology. If you imagine all hackers wear black and hunch over green screens in dark rooms, that’s thanks to film and television to be sure, but also because of the creative images that accompany stories on websites like this one.

Yes, a lot of technology stock imagery is seriously bizarre — see the infamous bitcoin gold coin — but as people in the business told me, translating the digital into useful, 2D form is no easy feat…

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