HomeCoinsNewsCoinWeek News Wire for March 17, 2017

CoinWeek News Wire for March 17, 2017

News Wire Graphic: Gold Bar and Chinese Currency

By Coinweek ….

CoinWeek News Wire for March 17, 2017

Brain Food

1.) All you need to know about the new £1 coin

The new £1 coin is within striking distance as The Royal Mint makes preparations for it entering circulation in two weeks’ time…

2.) What you should know about Singapore’s proposed new legal tender limit for coins

The Monetary Authority of Singapore (MAS) is proposing to change the legal tender limit for coins and will seek public feedback before making its decision, it announced in a consultation paper on Thursday (March 16)

Current Events

3.) EU Parliament states Virtual Currencies cannot be anonymous

“The Union legislative bodies should, however, take care not to appear to promote the use of privately established digital currencies,” states the ECB, “as such alternative means of payment are neither legally established as currencies, nor do they constitute legal tender issued by central banks and other public authorities.”

Under the Radar

Mule 2000 $1 Australian Coin4.) That Dollar Coin In Your Pocket Might Be Worth $1000

If your 2000 dated coin does have the double rim on the Queen’s head side then what you have is a $1/10c mule, a variety of the Australian dollar coin that’s worth well over face value

5.) Change of metal/alloy of Sri Lankan Rupee 1 coin and Rupees 5 coin

The Central Bank of Sri Lanka hereby informs the general public that a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after changing the metal/alloy from brass plated steel (gold colour) to stainless steel (silver colour)

6.) Anzac coins collection with four ‘copper’ 25c pieces to be released

Set for release leading into Anzac Day commemorations, the limited-edition Legends of the Anzacs: Medals of Honour collection is a joint initiative between News Corp Australia, the [Royal Australian] Mint, Legacy and Westpac.

The four 25c pieces feature the Victoria Cross, George Cross, Distinguished Flying Cross and Medal for Gallantry. Alongside them will be 10 silver 20c coins.

For many Australians, the four will be the first copper-looking coins seen since the 1c and 2c pieces went out of circulation 25 years ago…

Crime & Punishment

coin_crime_alert7.) NCIC Crime Bulletin

From the Numismatic Crime Information Center (NCIC):

Missing/Stolen Coin

A package was delivered to a New York dealer on Wednesday March 8, 2017. The postal and Internal box were open.

The following coin was missing from the package:

(1458-90) Hungary 1GG Matthias Corvinus NGC 64 (NGC Cert #3725539-003)

Click on the link for an image of the coin.

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Texas Dealers-Stolen Coin

San Antonio, Texas area law enforcement officials are investigating a vehicle burglary belonging to a collector/investor resulting in the loss of the below listed coins:

  • 1877 $20 Liberty MS61 European Bank Hoard
  • 1877S $20 Liberty MS61 European Bank Hoard
  • 1878CC $1 PCGS MS65 81690763
  • 1879CC $1 PCGS MS63 25666999
  • 1879S $20 Liberty MS60 European Bank Hoard
  • 1880CC $1 PCGS MS65 81628004
  • 1881CC $1 PCGS MS65 82466996
  • 1882CC $1 NGC MS66 55161507
  • 1883CC $1 PCGS MS66 81623939
  • 1883S $20 Liberty MS61 European Bank Hoard
  • 1884CC $1 PCGS MS65 33667598
  • 1885CC $1 PCGS MS65 82919812
  • 1885S $20 Liberty MS61 European Bank Hoard
  • 1888S $20 Liberty MS61 European Bank Hoard
  • 1889CC $1 PCGS AU 25665656
  • 1890S $20 Liberty MS62 European Bank Hoard
  • 1891CC $1 PCGS MS64 82699940
  • 1892CC $1 PCGS MS64 31777852
  • 1893CC $1 PCGS MS62 81677297

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Missing/Stolen Package

A package being sent USPS from Nebraska to Carson City, Nevada has been reported lost/Stolen. The package shows to have arrived in Carson City but has not been delivered to recipient.

The package included the following coins:

  • 2 – BU to MS-63 1878 8tf Dollars Raw
  • 1 1890-CC $ PCGS MS-63 Serial # 83491248
  • 1 1892-CC $ PCGS MS-63 Serial # Missing Old Blue PCGS holder
  • 1 1893-CC $ PCGS XF-45 Serial #82615242
  • 1 1894-S $ PCGS MS-62 Serial #83039076
  • 1 1884-CC $ PCGS FR-2 Serial #82615242
  • 1 1878-CC $ NGC MS-62 Serial #4355118-017

Contact the NCIC’s Doug Davis if you have any information about the cases above. 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.


8.) Break In Reported at Evansville Coin Store

An Evansville coin store was broken into this week, but it’s not the first time this has happened to the store.

The owner of TLC Coins and Collectibles on West Franklin St. discovered his back windows broken on Tuesday morning.

He said around $1,000 worth of coins were stolen…

Counterfeit Cavalcade

9.) Now, ATM in MP dispenses ‘Manoranjan Bank’ note

While investigators across the country are trying to solve mystery behind ‘Children Bank of India’ notes finding its way to ATMs, an SBI’s machine in Hoshangabad district of Madhya Pradesh has reportedly dispensed a Rs 500 note of “Manoranjan Bank of India”

10.) Another ATM in Delhi dispenses ‘Children Bank of India’ Rs 2,000 note

Reserve Bank of India note with FAKE superimposedIn yet another case in a month, an automated teller machine in south Delhi’s Amar colony area dispensed a fake Rs 2,000 currency note with “Children Bank of India” printed on it, police said

11.) NBI arrests 3 suspects for manufacturing counterfeit money in Manila

The three will be charged for illegal possession and manufacture of false treasury or bank notes after being caught with 20 pieces of 1,000 peso bills and equipment for manufacturing counterfeit money

Banknote News

12.) Trotro Mates Rejecting New GHS5 Note

According to the passengers, the mates see the new note more as a collector’s item than legal tender, thus rejecting it, which sometimes leads to confrontations.

The note depicts the image of Ghanaian missionary James Kwegyir Aggrey, credited for being one of the apostles of education in the then Gold Coast…

13.) Sheikh Mohammed opens new banknote printing facility

Stacks of UAE BanknotesSheikh Mohammed’s remarks came during the opening of ‘Oumolat Security Printing‘, a banknote printing company that is the first of its kind in the region. The facility is located in Khalifa Industrial Zone Abu Dhabi (KIZAD)

14.) Seychelles Demonetizes 1998-2005 Series of 100 and 500 Rupee Banknotes

Following the launch of the 2016 series of Seychelles banknotes in December 2016, the Central Bank of Seychelles (CBS) has observed that the uptake of the series has been strong, such that a significant amount of the 1998 to 2005 banknotes series have been removed from circulation, especially of the 100 and 500 Rupee denominations

Gold, Precious Metals & Bullion

15.) Arizona Challenges the Fed’s Money Monopoly

America’s 46-year experiment in fiat currency has gone exactly as followers of the Austrian school predicted: a continuing decline in the dollar’s purchasing power accompanied by a decline in the standard of living of middle- and working-class Americans, a series of Federal Reserve-created booms followed by increasingly severe busts, and an explosive growth in government spending. Federal Reserve policies are also behind much of the increase in income inequality

16.) Solving the Secret Behind the Chinese Gold Market

“The Chinese army even has a special division, I call it the gold army. It was also launched in the 1970s for exploration, at first. This gold army can still be active. They can pick it up directly in the U.K.,” he said. The central bank also uses commercial banks who buy in Switzerland or South Africa and secretly ship the gold to China

Treasure & Archaeology

17.) Miners with a heart for gold

“I can’t hazard a guess how much I’ve found over the years,” says John Gladdis. “Hundreds of thousands of dollars, millions, who knows? There’s still a very good living being made by a lot of people around here.”

18.) Where Are the Coins Found with the Cruit Island Giant?

A group of workmen were digging a sand and gravel bank to get material to repair the local road on Cruit Island in February 1954. About 10 inches under the surface they found a hessian sack which contained the skeleton of a giant. He was a young man of teenage years with long, shoulder length hair. He was examined by the Donegal coroner of the time, Dr John McGinley. He was accompanied in his examination by Donald Bonner, a local dentist from Dungloe.

“According to locals who witnessed the proceedings the sack also contained a number of coins which, they said, were taken by a local priest but we’ve been unable to find out any more information”

Medals, Tokens & Exonumia

19.) Funds from Sale of Officer Moszer’s Commemorative Coin to Help Family, Friends Go to Washington D.C.

A new coin commemorates the service of Fargo Police Officer Jason Moszer. The North Dakota Fraternal Order of Police is behind the minting of the coin.

Proceeds will be used to send Moszer’s family and friends to Washington, D.C. where his name will be etched on the National Law Enforcement Officers Memorial

Upcoming Auctions & Events

Museums & Exhibits

20.) Qatar Museums displays top six coins of the Islamic world

The six most important Islamic gold coins in the world are currently held in the Qatar Museums collection and will be exhibited together for the first time in history at The New York Times Art for Tomorrow Conference at the Museum of Islamic Art

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