HomeRecent Articles & VideoCoinWeek News Wire for May 14, 2016

CoinWeek News Wire for May 14, 2016


By Coinweek ….

CoinWeek News Wire for May 14 2016

Brain Food

1.) What Does a Girl Have to Do to Get on a Banknote?

They feature portraits of the Founding Fathers and former presidents, monuments and places of interest, the banknotes of different countries, however rarely, feature women. And with the recent US announcement to put the image of a woman on the new $20 bill, Sputnik has compiled a series of banknotes with recognized female leaders

Ireland £20 note with Lady Lavery

Irish £20 note with Lady Lavery; image courtesy Independent.ie

2.) Irish Banking: Cashing in on rare notes

“To speak of the banking system in Ireland is… as bad as talking about fire to a man who has been burned out and lost all his property in the flames.” The scenario may sound familiar, but the quotation comes from JW Gilbart’s History of Banking in Ireland, published in 1836

3.) Indigenous finalist for new Canadian bank note

Indigenous poet E. Pauline Johnson has made it on the long-list as a potential new face to be featured on Canada’s newest bank note.

On International Women’s Day, a public consultation was launched to select an iconic Canadian woman to be featured on the first bank note of the Bank of Canada’s next series to be released in 2018. More than 460 iconic Canadian women met the qualifying criteria through the selection process…

4.) A Behind The Scenes Look At The Creators Of Our Currency

There is a better than 50 percent chance the coins in your pocket are made right here at the U.S. Mint in Philadelphia.

“People don’t realize how much work goes into it. They think we press a couple of buttons or something and it’s all done,”

5.) How to design beautiful banknotes

With the International Bank Note Society (IBNS) naming its Bank Note of the Year, we look at the process of currency design and what makes a beautiful banknote

The Future Is Now

6.) Bitcoin to Be Studied by the Australian Treasury

bitcoinIn an effort to understand and explore the possibilities presented by the innovation of bitcoin and its underlying blockchain technology, the Australian Federal Treasury will team up with Data61, a research unit of the Commonwealth, to study bitcoin transactions in the bitcoin economy

7.) New device identifies money by its color

Color-reading gadget could become a boon to blind people in a store’s checkout line

Newman Numismatic Portal Update, May 2016

The Newman Portal continues to build its collection, which now numbers over 5,000 documents and a quarter of a million pages. Users will find a variety of materials at www.NewmanPortal.org. The Newman Portal has partnered with many regional and specialty groups to present back issues of club journals, which may be found in our periodicals section at www.NewmanPortal.org/library/periodicals.

In the area of American auction catalogs, we have been systematically scanning the contents of the Rare Book Room at the American Numismatic Society (ANS) and now have over half of the auction catalogs described in John Adams’ United States Numismatic Literature, Volume One. These are all posted at www.NewmanPortal.org/library/auctions. The Newman Portal also includes a reference section for numismatic biographies (contributed by Pete Smith) at http://www.NewmanPortal.org/library/people), as well as a numismatic dictionary at www.NewmanPortal.org/library/dictionary.

The Newman Portal is here to serve the numismatic community, and, if there are resources you are looking for and cannot locate, please contact NNP Project Coordinator Len Augsburger at [email protected]. We are present at major shows and will be in attendance at the upcoming Whitman Baltimore Expo (July) and the ANA Convention (August).

Current Events

8.) Exceptional Growth in Key Sectors Leads to Record High Silver Demand in 2015

The silver market saw record demand in 2015, with the jewelry, coin and bar, and photovoltaic sectors posting new highs, helping to boost total silver demand to 1.17 billion ounces last year. Overall silver supply to the market was lower, led by the continued weakness in silver scrap sales

9.) Indian gold bar and coin demand drops by 31.5% in Q1 of 2016: World Gold Council

Gold bar and and coin demand dropped by 31.5% to 28 tonne from 40.9 tonne in Q1 2015, according to the gold demand trend report of World Gold Council. Investment in January was broadly flat, tapering off in February before coming to a standstill in March

10.) Rare Indian coins sell like hot cakes

Ancient Indian gold, silver and copper coins, especially from the Mughal era, the princely states, British India and others, are fetching huge amounts in international numismatics auctions.

An Empress Victoria gold coin of British India, minted in 1884, has been put up for auction with an opening bid at $3,250, which is expected to fetch $3,500 or more…

11.) Mahesh Sharma Releases Commemorative Coin on Maharana Pratap

As a part of 475th Birth Anniversary celebrations of Maharana Pratap, Union Minister for Culture and Tourism Dr. Mahesh Sharma released a Commemorative coin of Rs. 100/- and a Circulation coin of Rs. 10/- in New Delhi today.

A brave warrior, successful organizer and ingenious strategist, Maharana Pratap fearlessly fought the Mughals and protected his people until his death…

12.) Central Bank celebrates Tsai inauguration with coin set

The Central Bank of Taiwan (中央銀行) revealed its commemorative coin set that celebrates the inauguration of the 14th president and vice president, which will be sold on the date of the inaugural ceremony on May 20, reported the United Daily News on Tuesday.

The coin set includes a gold coin with face value of NT$2,000 and priced at NT$48,000, and a NT$200 silver coin priced at NT$1,600…

13.) St Asaph bishop designs commemorative round £1 coin

A final commemorative round £1 coin has been struck using a design created by the Bishop of St Asaph following a Royal Mint competition. It features the Welsh dragon, the English lion, the Scottish unicorn and a stag for Northern Ireland

14.) Still making a mint out of Mandela

20085rmandelaA R5 coin is worth R5 – unless you believe the sales pitch that it’s a “rare” Mandela R5 coin. The truth is, millions of these coins were churned out by the South African Mint. So why would anyone then buy it as a “collector’s item”, or even an investment?

15.) Businessman convicted of making bribes to secure Nigerian bank note printing contract after judge warned jury to ignore Cameron’s remarks about corruption

A businessman was convicted of making bribes to secure a Nigerian bank note printing contract after a judge warned a jury to ignore Prime Minister David Cameron’s controversial remarks about corruption.

Peter Chapman, 54, bribed an official at the Nigerian Mint to secure a ‘multi-million-euro’ contract for an Australian manufacturer that he managed…

16.) Reserve Bank of Zimbabwe Battles Cash Storm

LAST week, soon after the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya unveiled a raft of measures to deal with an accelerating cash crisis in the economy, social media was abuzz with jokes and taunts over plans for an injection of bond notes, a form of new currency that will rank pari pasu with the greenback, into the tottering economy

Treasure News

17.) Haul of rare coins unearthed from grounds of school

RARE coins and finds dating back to the medieval period have been unearthed in the grounds of one of the North East’s oldest schools.

The treasure, which spans five centuries, came to light as a result of a month-long “Saving History” project at Durham School, carried out by local metal detectorist, George Marley

18.) Norfolk prospector finds Britain’s biggest ever gold nugget near shipwreck

A prospector from Norfolk has found Britain’s biggest ever gold nugget, while scouring the waters just off the shore of Anglesey, north Wales.

The item – worth an estimated £50,000 – is believed to part of a £120 million haul of riches from the Australian Gold Rush lost in a shipwreck in the waters in 1859.

Counterfeit Cavalcade

19.) The Experts Weigh In on How to Detect Counterfeit Gold Coins

It’s an exciting time for gold investors. It’s also a perilous time.

China is flooding the markets with counterfeit gold coins. But you can protect yourself…

Numismatic Crime

20.) Lancaster city police charge man after search uncovers more than 200 bags of heroin

A month-long investigation resulted in the arrest of a Lancaster city man after police discovered more than 200 bags of heroin while executing a search warrant at his apartment.

Joessie Abrahante-Torres, 314 S. Queen St., apt. 3, faces drug and weapons charges after he was arrested on May 5…

21.) 4 men waive hearings in Erie coin theft case

Four of seven suspects charged by Erie police in an investigation into the theft of more than $14,000 worth of coins from an eastside residence in January are facing trial after waiving their preliminary hearings Wednesday.

John R. Berry, 33, of Erie; Sabashtion S. McIntosh, 24, of Erie; Joshua G. Sackett, 21, of Erie; and Dustin L. Smith, 28, of Girard, waived their hearings before Erie 5th Ward District Judge Paul Bizzarro on receiving stolen property, conspiracy and related charges in the case…

World of the Weird

22.) Where to have a Golden Camel Meat Burger, Golden Cappuccino in UAE

A camel meat burger sprinkled with 24k gold or a cappuccino decorated with golden dust are unique luxury items on the menu of luxury cafés in the UAE.

Abu Dhabi’s Emirates Palace is the first luxury hotel in the region to introduce a gold coin dispensing ATM machine, Gold to Go, and its Le Café Restaurant now has gold-flavored grub to cater to tourists from around the world…

23.) Chinese netizens balance 1 yuan coins on their wrists to test their ‘fitness’

balanceyuancoinsWe thought it couldn’t possibly get any more ridiculous, but apparently some wisecrack out there decided to add to the ever-growing list of nonsense ways to measure your wrist fitness using money

Upcoming Auctions & Events

24.) Mississauga’s International Centre hosts National Postage Stamp and Coin Show

The National Postage Stamp and Coin show is on this weekend (May 13-15) at the International Centre in Malton.

The show, now in its 73rd year, will feature just less than 30 international and Canadian dealers, and organizers say it’s one of the largest such shows the GTA has experienced in years…

25.) Joint auction Sincona / Nomisma 18 to 20 May 2016

An auction of Coins and Medals, including a collection of Italian coins – In collaboration between SINCONA AG and Nomisma SpA

26.) Künker GmbH Summer Auctions 277-79: June 21-23

American Numismtaic Society News

New Editor of Colonial Newsletter

The American Numismatic Society (ANS) has appointed Christopher R. McDowell as the new editor of the Colonial Newsletter. He and current editor Oliver Hoover will work together on the third issue for 2016, and he will manage CNL beginning with 2017’s first issue.

McDowell was born in Huntington, West Virginia, and as a boy he collected Lincoln cents with his father. His first colonial coin was a 1785 Miller 4.1-F.4, Connecticut. McDowell now has close to 300 different Connecticut copper varieties. He has written many numismatic articles and is the 2009 recipient of the Gloria Peters Literary Award from Women in Numismatics (WIN). In 2015 he authored his first book, Abel Buell and the History of the Connecticut and Fugio Coinages. A student of history and political science at Marshall University, he earned his law degree at West Virginia University where he was the senior editor of the National Coal Issue, West Virginia Law Review. After law school, he entered active duty as an Army Officer and was stationed in Korea, Germany, and Kansas with deployments to Bosnia. In 2000, he left active military service and began practicing law in Cincinnati, Ohio. Additional details about the new direction of CNL will appear in the newsletter and in ANS Magazine.

Exhibit at Art Institute of Chicago

In early April, the Art Institute of Chicago (AIC) opened a new exhibit, “A Portrait of Antinous, in Two Parts,” which features four bronze coins (two drachms, both minted in Alexandria, a coin minted in Mantineia, and a coin from a mint in Ancyra) on loan from the American Numismatic Society as well as a book from the Society’s Rare Book Collection. This exhibit is the result of years of international collaboration and research to determine if the AIC’s Fragmentary Portrait of Antinous was the original face of the Bust of Antinous that belongs to the Palazzo Altemps in Rome.

Metropolitan Museum of Art Exhibit

A spectacular new exhibit on display at the Metropolitan Museum of Art: Pergamon and the Hellenistic Kingdoms of the Ancient World displays select Greek coins from the American Numismatic Society collection, including a remarkable silver ‘Poros’ decadrachm and two silver tetradrachms struck in relation to Alexander the Great’s Indian campaign. The ANS coins are exhibited in the first gallery, in a case with other small objects from the Louvre and the Harvard University Museum that speaks to Alexander’s prominence as a military leader and royal patron of the arts. This exhibition, which premiered on April 11, 2016, is a historic collaboration between the MMA and the distinguished Pergamon Museum in Berlin, whose eminent sculptures comprise about one-third of the works on view. Numerous outstanding museums throughout the world are also represented in this exhibit.

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 present the Silvia Mani Hurter Memorial Lecture entitled “Money and Power in Ancient Bactria.” The lecture will begin at 6:00 PM at the ANS headquarters, and will be preceded by a reception at 5:30 PM.

irritamentaA subscription dinner will be held following the event at a nearby restaurant.

Pre-registration required. Contact [email protected] or (212) 571-4470 ext. 117 for information.

Worthy Additions to Your Library

Book Available for Pre-Order

John Cunnally’s Irritamenta: Numismatic Treasures of a Renaissance Collector (Numismatic Studies 31), is available for pre-order. This slipcased, 2-volume set (plates and catalogue) features the complete collection of over 1,200 ancient coins owned by Andreas Loredan, a 16th-century Venetian patrician. The introductory essay details the history of the collection, a biography of the collector, and a glimpse into the career of the unnamed artist whose draftsmanship and skill were on par with Titian, Palladio, and others.

The set is available for pre-order at $125 + shipping until May 1st. The ANS Member price will then be $140, and non-Member price at $200.

27.) American Silver Eagles – A Guide to the U.S. Bullion Coin Program – 3rd Edition (Whitman)

Since 1986, the hugely popular American Silver Eagle coin has been collected by numismatists, stockpiled by investors, and treasured by silver buyers throughout the United States and around the world. Now, no less an expert than John M. Mercanti–the designer of the coin’s reverse–shares his unique insight and perspective on these beautiful pieces of Americana

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