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HomeNewsCoinWeek News Wire for May 20, 2016

CoinWeek News Wire for May 20, 2016


By Coinweek ….

CoinWeek News Wire for May 20, 2016

Brain Food

1.) From jagged edges to flowers: the origins of currencies

The dollar is one of the most common currencies in the world used by the US, Australia, Canada, Fiji, New Zealand, and Singapore to name a few. The origin of the dollar, also the Slovenian tolar, is from a coin called the Joachimsthaler, shortened to Thaler…

2.) A monetary history of Islamic societies

Before the arrival of Islam, Arab, Persian and Roman gold and silver coins were used in Mecca and Prophet Muhammad used these coins as well. Caliph Umar was the first ruler that issued coins in Islamic history

3.) Three Ways to Test if Something Is Truly Solid Gold

4.) Muskoka artist behind new silver coin series honouring national heroes

A new silver collector coin series, designed by Muskoka-based artist Ken Ryan, was unveiled in Winnipeg today by the Royal Canadian Mint. The coins honour Canadian heroes, featuring firefighters, paramedics, police and the military, “all of which face danger in the line of duty yet remain steadfast in their commitment and dedication to helping others

5.) How well do you know New Zealand’s new banknotes?

New Zealand banknotes are looking a bit brighter this week as the new $20, $50 and $100 banknotes enter circulation, but how well do you know our notes?

6.) Making of Gold Leaf

The Great Penny Debate

7.) The penny debate: is it time to toss them?

See a penny, pick it up. We all know the old adage, but how many follow it?

There are two sides of the coin when it comes to pennies- those who say they add up and will stop to pick one up and those who think the currency has become worthless…

8.) How Much Does it Really Cost (the Planet) to Make a Penny?

All that copper and zinc for a coin most people throw away–what’s the sustainable solution?

9.) TD Bank Gets Rid Of Coin-Counting Machines, Makes Pennies More Useless

Pennies just became a little bit more useless. TD Bank’s Penny Arcade coin-counting machines have been a useful perk for the bank’s customers and non-customers, letting them convert jars full of loose change into useful cash. After an NBC news test turned up inaccuracies in the machines and a customer sued over his miscounted coins, TD Bank is ending the program and will eventually remove the machines

Current Events

10.) TD Bank cashing out of coin-counting business amid accusations

TD Bank announced Thursday its plans to permanently retire the Penny Arcade coin-counting devices after inaccuracies were brought to light in news reports

11.) Comical if not so tragic: Libya needs safecrackers to retrieve Gaddafi-era gold coins

In the eastern coastal city of Beyda, in Libya there is a vault with gold and silver coins worth $184 million which belongs to the central bank. But Libya’s cash-strapped government doesn’t have the code to open it, so it has hired a pair of safe-crackers to open a vault full of precious coins

12.) US criticizes Romania central bank for “anti-Semitic” coin

The U.S. Embassy in Romania on Friday criticized the country’s central bank for releasing a coin bearing the image of a former bank governor who it said actively promoted anti-Semitism.

The embassy called the bank’s decision to honor Mihail Manoilescu, the former governor of the National Bank of Romania, “disappointing.” In a statement, it said he was “an active promoter of and contributor to fascist ideology and anti-Semitic sentiment.”

13.) Eugenicist Nellie McClung top choice for face of new banknote

Nellie McClung, top candidate for Canada's next banknote

14.) Caledon/Dufferin Victim Services launching ‘Victims Count: Foreign Coin and Currency Collection’ campaign

Caledon/Dufferin Victim Services will begin a “Victims Count: Foreign Coin and Currency Collection” campaign starting May 24 to collect leftover coins and currency from trips abroad to help raise funds to improve the lives of victims who experience crime or tragic circumstances.

Individuals and businesses are invited to drop by the Orangeville Police Service, 390 C Line and deposit their coins and currency into a large globe. The campaign will run until June 30…

15.) Fight Over South Sudanese New Bank Notes Erupts In Rumbek Market

According to the Bank of South Sudan the introduction of the new notes is meant to deal with confusion caused by some denominations, whose notes look alike, unfortunately this has not been the case as the confusion is still on-going in some areas.

A fight ensued in Rumbek market over the 20 South Sudanese pound note

The Future Is Now

16.) Pre-Bitcoin Virtual Currencies: Murder, Terrorism, Child Pornography

Long before the existence of virtual currencies backed by the complexity of cryptography, there were a multitude of virtual currencies, most of which backed by the value of gold bullion.

Before Bitcoin appeared on the scene, the industry was plagued by all manner of drama, from murder to cases of widespread use of funds for terrorism, child pornography, and other forms of criminality…

Just for Fun

17.) Pub Tricks: how to master the coin drop challenge

Impress your mates and perhaps even win a pint or two with these fun and easy-to-master pub tricks.

In this video, learn how to perfect the coin drop trick…

18.) Beawar man in Limca Book of Records for coin collection

An ordinary shopkeeper selling utensils in Beawar, Shyam Sunder Sadhnani (50) has achieved an extraordinary feat

19.) Springdale firm makes its coin on fantasy lands

Fictional travelers fleeing Bree with wraiths hot on their heels typically can’t buy a much-needed pony with traveler’s checks and no one ever asked someone from Bravos for help by uttering “Valar morghulis” and then flashing an American Express card.

Those goods and services from the fantasy worlds of J.R.R. Tolkien’s The Lord of the Rings and George R.R. Martin’s Game of Thrones come at a cost, and those costs must be paid in hard coins — coins like those struck in Northwest Arkansas by Shire Post Mint

Treasure News

20.) Celtic gold piece found by detector

A metal-detecting grandmother with a knack for finding gold will see her latest find going on the auction block July 17 to be sold by Elizabeth Cottam of Chris Rudd of Aylsham, England.

The coin is an excessively rare ancient British gold quarter stater, probably minted by the Belgae of Hampshire c.55-45 B.C.E. It is one of only two now known…

21.) Rare copper, lead coins unearthed

The coins belonged to Mahatalavara, feudal lords who ruled parts of Telangana under Satavahana

22.) The Bom Jesus: Namibia’s ancient shipwreck thought to be the most significant ever

It is every archaeologist’s dream — the discovery of a missing ship which disappeared more than 500 years ago with a treasure chest of gold on-board.

Not only did the discovery of the resting place of The Bom Jesus solve one of the biggest maritime mysteries, but for chief archeologist Dieter Noli, it was a history-changing find…

Medals and Tokens

23.) Miami 125th commemorative coins on sale

Miami, OK 125th Anniversary Coin

Coins commemorating Miami’s 125th birthday celebration are now on sale.

The coins feature the Miami 125 logo on one side and the Coleman Theatre on the other with the inscription “Wardogs, “Historic Route 66,” “NEO A&M” and “Nine Tribes.”

24.) Frick Collection to receive the most important private collection of portrait medals

The Frick is pleased to announce a promised gift of portrait medals from the Stephen K. and Janie Woo Scher Collection. Considered to be the world’s greatest medals collection in private hands, rivaling and often surpassing those in American museums such as the National Gallery of Art, The Metropolitan Museum of Art, and the Los Angeles County Museum of Art, it is noted for its comprehensiveness and outstanding quality

Museum Stuff

25.) Coins and Hoards Day to be staged at Nantwich Museum

Coin and Hoards Day at Nantwich Museum

26.) Commemorative Coin Money Received by Marshals Museum

On Saturday May 7th, Senator John Boozman and Congressman Steve Womack presented the U.S. Marshals Museum with a check for $3,053,338 in surcharges from the sale of the U.S. Marshal Service 225th Anniversary Commemorative Coin

27.) New Exhibit Features ANS Medals

Explore Jefferson’s little-known collection of Native American languages and learn how it’s used today

Numismatic Crimes

28.) Police look for suspects in Belmont Coin theft

Police are asking for the public’s assistance in identifying two men suspected of stealing jewelry from Belmont Coin

29.) Arrest in treasure coin case

A former administrator for Mel Fisher’s Treasures accused of attempting to sell two stolen antique coins reportedly worth $46,000 said he is innocent and that he thought the coins were legally sold to him

30.) Janesville Teens Arrested in Coin Burglary Investigation

An alert clerk helped Janesville Police crack a burglary case involving stolen collector coins.

Just before 2am Monday, investigators say three teen suspects entered Casey’s General Store on Center Avenue and tried to pay with the coins…

31.) NU to seek legal opinion over filing FIR in missing coins case

Nagpur University has decided to seek legal opinion before filing a police complaint in the missing coins case. The decision was taken after Preety Trivedi, head the department of Ancient Indian History, Culture and Archaeology, submitted a complete list of articles that either went missing or were stolen from the department ever since its existence

Counterfeit Cavalcade

32.) What to do if you’re suspicious about a ‘bright’ new banknote

The bright $5 and $10 banknotes have been in circulation since October last year, with 9.7 million dispensed. However, fraudsters are more likely to fake the larger denomination notes


33.) New British citizens in Hampshire to be presented with special coin to mark Queen’s birthday

Individuals who become a British citizen in Hampshire this year will be welcomed with a special gift to commemorate The Queen’s 90th birthday

34.) Here come the Play School coins: Simon Burke to launch new 50c piece at Mint

Play School Coins from Perth Mint

Happy Birthday to the Nickel

35.) 5 Pretty Amazing Facts About the Nickel on Its 150th Anniversary

It was 150 years ago this month (May 16, 1866, to be exact) that Congress authorized the creation of a new five-cent coin made of nickel and copper

36.) The Surprisingly Fascinating Reason the U.S. Has Nickel Coins

On May 16, 1866, Congress authorized the creation of a new American coin: the five-cent piece composed of copper and “not exceeding twenty-five per centum of nickel.”

Except the U.S. already had a five-cent coin in circulation…

In Memoriam

37.) Scott Harry Nichols

Scott Nichols, son of Donald and Anita Nichols, was born on Sept. 30, 1955, in Ames. Most of his life, he was a loan officer and a rare coin dealer (numismatist)

38.) Peter Nikolaus Schulten MA, 1936–2016

The life of numismatist Peter N. Schulten had many facets. While his father Wolfgang Schulten (1904-1996), a devoted coin collector, had kindled his interest in numismatics while Peter was still young, he inherited a love for music and literature from his mother

Upcoming Auctions & Events

39.) Holey dollar coin on display at Brisbane Money Expo

One of Australia’s first coins, now worth more than half a million dollars, has found a home in the private collection of a Brisbane resident and will be the star attraction at this weekend’s Brisbane ANDA Money Expo

40.) Archer M. Huntington Award and Silvia Mani Hurter Memorial Lecture

On Tuesday, June 7, 2016, the ANS will present the 2016 Archer M. Huntington Award to Dr. Michael Alram, Director of the Coin Cabinet of the Kunsthistorisches Museum in Vienna, Austria. Dr. Alram will give the Silvia Mani Hurter Memorial Lecture entitled “Money and Power in Ancient Bactria.”

41.) Tech Conference in London

ANS Director of Data Science Ethan Gruber will be presenting at the 2016 XML London, a two-day conference on the applied use of XML. Ethan’s paper, “Using XForms to Create, Publish, and Manage Linked Open Data,” explores the underlying data models and software architecture behind, and discusses how it serves as the backbone for the future of numismatics research and its fundamental role in making projects like OCRE, CRRO, and Pella possible

World of the Weird

42.) Swallowed coin pays way for hospitalized kids to have fun

When is a penny worth thousands of dollars and probably thousands more? When it’s the penny April Snider swallowed

43.) 24 Carrot Cake

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CoinWeek IQ
CoinWeek IQ
With CoinWeek IQ, the editors and writers of CoinWeek dig deeper than the usual numismatic article. CoinWeek IQ provides collectors and numismatists with in-depth information, pedigree histories, and market analysis of U.S. coins and currency.

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