HomeNewsCoinWeek News Wire for February 10, 2017

CoinWeek News Wire for February 10, 2017

By Coinweek ….

CoinWeek News Wire for February 10, 2017

Brain Food

1.) The “Scandalous” Quarter Protest That Wasn’t

Some accounts even claimed that famous anti-vice crusader Anthony Comstock had personally led the attack against the coin. The only problem with that story? Comstock died in 1915

2.) Minting history

“The world of coins is very exciting but still largely unexplored. In India, we haven’t really bothered about it. Akbar issued Ram and Sita coins in silver weighing four grams. The three coins that are there in the world now are all out of India — in New York, Vienna and the Netherlands. Our governments have not tried to get them back. With antique sculptures, they still make some efforts but ancient coins don’t get due attention. The government hasn’t invested in this area. There are no courses and even if there are, how do you study it because to study it you would need access to the collections. The university of Mumbai has shut down its numismatics course,” says Rajender…

3.) The world’s first million dollar coin

The Royal Canadian Mint produced the world’s first million dollar coin in 2007. The 100-kilogram, 99.999 per cent pure gold coin was originally produced to showcase the Mint’s new line of gold maple leaf coins, but after several investors expressed interest in buying the coin, the Mint made five available for sale

4.) Artist Yu Min honored for life’s work

A Lifetime Achievement Award in Coin Design was given to Yu Min of the Shanghai Mint Co., Ltd., Feb. 4 at the Coin of the Year Award ceremony at the World Money Fair in Berlin, Germany

5.) Counting the cost of bus coin kerfuffle!

Jersey 50p coins are legal currency in the UK, but are not legal tender, and while they can be used in day-to-day transactions, the person or business being paid can refuse to accept them

Under the Radar

6.) Strike your own coin at the Royal Mint

For a limited time only, those who can’t wait to get their hands on the shiny new bi-metallic coin can book a factory tour at the Royal Mint Experience in Llantrisant and strike their own commemorative version before it enters circulation

7.) Treasury seeks approval for new coin designs

The proposed designs include a Manx cat, a viking longboat and the Tower of Refuge.

The Treasury also wants to produce an additional 50p coin to commemorate the 150th anniversary of the House of Keys Election Act

8.) Johan Cruyff honoured with special five euro coin

In the year that Johan Cruyff would have turned 70, the late Dutch football legend will be honoured with a special 5 euro coin, the Royal Dutch Mint has announced

9.) Year of the Rooster Australian gold, silver and opal coins a boon for Perth Mint

Perth Mint’s casting of its year of the rooster commemorative coins has seen massive collector interest worldwide, selling out of its silver and opal centrepiece days before the end of the Lunar New Year celebrations…

Current Events

10.) Govt tables bill to formalise note ban

The government today introduced the Specified Bank Notes (Cessation of Liabilities) Bill, which will formalise the ban on Rs 500 and Rs 1,000 notes by withdrawing the liability of the central government and the RBI to pay the bearers of the notes an equal value

11.) Bank note campaigner invited to Parliament

A man from Keswick who set up a petition against the use of animal fat in new plastic bank notes, has been invited to give evidence in Parliament.

Doug Maw, who is a vegan, will speak to the All-Party Parliamentary Group on Vegetarianism and Veganism.

His petition – against the use of tallow in the notes – has been signed by more than 130,000 people…

Editors Charles Morgan and Hubert Walker wrote about this controversy and how it developed in December 2016. —CoinWeek

12.) IRS Seeks to Delay Hearing in Coinbase Bitcoin Data Dispute

The ongoing case dates back to November, when the IRS first sought court permission to serve Coinbase with a John Doe summons in an effort to identify potential tax cheats, seeking years’ worth of user records from the exchange. The IRS has considered digital currencies like bitcoin to be a taxable form of property since mid-2014

13.) The Isle of Man will shun 12-sided £1 coin and stick with the round pound

The current Manx £1 will continue to be legal tender … alongside the new and old UK pound coins

The Future Is Now

14.) Poland Officially Recognizes Trading in Bitcoin and Other Cryptocurrencies

Poland has officially recognized the trading and mining of virtual currencies as an ‘official economic activity’ according to the Central Statistical Office of Poland

Crime & Punishment

coin_crime_alert15.) NCIC Crime Bulletin

From the Numismatic Crime Information Center (NCIC):

Inventory Stolen From Residence

Douglas Daniels returned home in Stanislaus County, CA after attending the South San Francisco Coin, Stamp and Collectibles Show and became the victim of a residential burglary which resulted in the loss of his entire show inventory. Daniels left his residence for approximately one hour and during that time suspects smashed in the backdoor and removed four Zero Haliburton cases full of coins. Nothing else in the house was taken.

Partial list of stolen items:

  • Hundreds of slabbed ANACS labeled with D.C. Daniels Collection
  • Complete set of Barber dimes XF/AU with 95-O having spectacular toning in a Wayte Raymond Album
  • 1928 GEM unc 1928 $1,000 bill St.Louis
  • 8- $500 bills XF/Unc
  • Over 100 CC dollars
  • 15 Gold Certificates including 2XF 1928 $100
  • Complete Canadian cent collection XF/UNC
  • Pack 1963 Red Seal Two’s Ser#A07177601A-A071777700

Example of slabs/2×2 holders:

NCIC stolen slabbed 2x2 coins

Anyone with information please contact Lt. Price at the Stanislaus County Sheriff’s Department, (209) 525-7188 RE: Case #R17001303.

* * *

Burglary of Residence

Honolulu Detectives are investigating a residential burglary that resulted in the loss of a large coin and currency collection.

Partial list of stolen coins and currency:

Twenty Cent pieces 1875S AU, 1875cc XF, 1875S XF | Half dimes 1832,34,35 XF | Shield nickels 1866,67,68 all XF | 1806 Draped Bust Quarter XF | 1755 8R VF | 1776 8R VF | Trade Dollars 1876,1877,1879S XF | 2- 1909 SVBD VF | 1909S F | Two Cent pieces 1864-71 in XF | 4 rolls silver dollars | 1800 Bust Dollar VF | 1847 Seated Dollar VF | 1922 $10 Gold Note | 1922 $20 Gold Note | 1922 $50 Gold Note | 1929 $10 Gold Note | 1929 $20 Gold Note | 1929 $50 Gold Note | 1928 $500 Federal Reserve Note | 1934 $500 Federal Reserve Note | 1934 $1000 Federal Reserve Note | 1896 $1,$2,$5 Educational Notes | 1869 $1,$2,$5,$10 Rainbow Notes | 1782 Germany 2Mariengosehen | 1422-1461 Charles VII Ecud’or Gold | 1515-1547 Francis I Ecud’or Gold | 1625-1649 Charles I Double Crown Gold | 1787 Portugese Charles III 1 Escudo Gold | 1787 Portugese Charles III 2Escudo Gold

Anyone with information please contact Det. Richard Critchlow with the Honolulu Police Department, District 4 Burglary Theft Detail, at (808) 723-8837.

Or contact the NCIC’s Doug Davis about any of the above cases. You can reach him at (817) 723-7231 or email him at [email protected].

* * *

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


16.) Police search for coin collection owner

A search warrant was carried out on Sunday, December 11, at a house on Reins Lee Road, Ashton-under-Lyne, where a number of items were recovered.

Among the items recovered were a vast coin collection and a quantity of jewellery as well as a large quantity of drugs and cash…

17.) Former Coin Salesman Gets 2 Years For Role In $40M Scam

A Brooklyn federal judge sentenced a Long Island man to two years in prison Tuesday for his sales role in a $40 million con that bilked 1,500 investors by promising them profits if they purchased rolls of Benjamin Franklin half-dollar coins, capping a prosecution that commenced in 2008

18.) Dickson man charged in Adams break-in, theft of rare gold coin

Several other items from the home are still unaccounted for, the affidavit said. Many coins were taken, including an 1880 five-dollar gold piece valued at more than $10,000, it said…

Treasure & Archaeology

19.) Secret hoard of coins hidden by English soldiers found in field

Amateur metal detectors uncovered the medieval English hammered silver coins … near Dunning, Perthshire, The dig also uncovered two silver Roman coins from the 1st century

20.) Metal detectorists urged to ‘brush up on skills’ to avoid damaging treasures

HERITAGE bosses are urging amateur metal detectorists to learn about basic archaeology to avoid damaging any treasures they find or disturbing ancient historical sites.

A new report has encouraged closer collaboration between Scotland’s amateur metal detecting community and professionals, amid concern over the extent of their activities…

21.) SO METAL: The world of metal detecting is changing, and North Carolina is home to one of the pastime’s online personalities

Around that time, in 2009, Bennett decided to start making videos and posting them on YouTube. He’s since made over 500 videos, mostly of him out searching and digging around the woods, old home sites and creek beds around the state. His hobby has turned into a livelihood

Banknote News

22.) New Polish PLN 500 note to enter circulation

The note will feature an image of King Jan III Sobieski, who reigned from 1674 to 1696, to preserve the chronological continuity of the “Polish Rulers” series, the bank said.

Designed by Andrzej Heidrich and initiated in 1995, the “Polish Rulers” series includes Mieszko I (who ruled from c. 960 to 992 and is featured on the PLN 10 note), Boleslaus I the Brave (992-1025; PLN 20), Casimir III the Great (1333-1370; PLN 50), Ladislaus II Jagiełło (1386-1434; PLN 100), and Sigismund I (1506-1548; PLN 200)…

23.) Zimbabwe introduces new bond notes as cash crunch persists

Zimbabwe’s central bank has introduced a 5-dollar bond note into circulation in a move to ease the persisting cash challenges, according to a statement on the central bank’s website.

The new purple notes amounting to 15 million started circulating Thursday to bring the total amount of bond notes in circulation to 88 million dollars…

Upcoming Auctions & Events

Museums & Exhibits

24.) Gallery secures funds to display Roman coins after campaign launched by TV historian Dan Snow

Now more than 1,600 coins are set to go on show to the public following the success of a major fundraising campaign launched by TV historian Dan Snow.

The award-winning St Barbe Museum and Art Gallery in Lymington has secured the £30,000 it needs to buy the artefacts and put them on display…

Worthy Additions to Your Library

25.) The Token Book 3 – Tickets & Passes and their Values

P & B R Withers, 2016. A4, HB, 432pp. Illustrated in colour throughout. Rarity ratings, valuations.

Edition limited to 250 copies.

Over 3,050 catalogue entries, more than 2,600 illustrated…

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Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

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