CoinWeek News Wire June 2, 2017

By Coinweek ….
 

CoinWeek News Wire for June 2, 2017

Brain Food

1.) Princeton University Now Has Rare Peter Donald Byzantine Coins

According to Princeton University Library, there are 5, 280 coins in the Peter Donald Byzantine collection. The London-based numismatic scholar’s items are one of the most comprehensive private collections in the world … it provides the university an in-depth representation of all virtually known varieties of the Byzantine bronze and silver from all eras and mints.

… [T]he acquisition of the Peter Donald Byzantine coins was part of a decade-long program of building the numismatic holdings of the Princeton University. In particular, the collection has 179 gold coins, 324 silver coins, and 4, 777 bronze coins.

Peter Donald is a popular English scholar of Byzantine coinage and author of many articles based on his collection.

Current Events

2.) Time running out for billions of old Swedish kronor

Eleven billion kronor of old Swedish coins and banknotes are still in circulation despite the Riksbank central bank’s warning that they need to be handed in by the end of June.

Sweden’s major money changeover, which began in 2015 and has grabbed headlines around the world, has entered its final phase, meaning that old 1-, 2- and 5-kronor coins, as well as 100-kronor and 500-kronor bank notes, will become invalid after June 30th…

3.) Ban on coins: Is this the new surprise from Narendra Modi

As India is still recovering from the effect of demonetization Prime Minister Narendra Modi and team is reportedly ready with another big bang surprise, say TV reports. Modi is contemplating demonetizing Rs 2000 note and 10, 5, 2 and 1 coins as well. As per reports, Modi is aware of hoarding of Rs 2000 currency notes by tax- evaders. So reports say, the new pink-colored currency note may go out of circulation

4.) Thai central bank chief says worried about strong baht, fund inflows

Thailand’s central bank is still worried about a strong baht and short-term capital inflows, the governor said on Monday, as the currency hovered near more than 22-month highs against the dollar

Under the Radar

5.) Bananas in Pyjamas coin released at Royal Australian Mint in Canberra on Sunday

The design is a tightly-held secret but Sunday will see the release at the Royal Australian Mint in Canberra of a Bananas in Pyjamas coin. I know. Bananarific!.

The two-coin set “featuring the Bananas and their friends” is being released to celebrate 25 years of the ABC children’s classic. The coins are collectors items so won’t be in general circulation. So you won’t be able to pay for your bananas with a Bananas coin, in other words…

Crime & Punishment

Coins on a Mouse Trap

6.) Man claims Gulf Coast Gold and Silver failed to return coins

Robert Freese filed a complaint on May 15 in the 6th Judicial Circuit Court of Florida – Pinellas County against Nathan Smith, doing business as Gulf Coast Gold and Silver, alleging breach of contract, fraud and other counts

7.) Coin dealer whose gun discharged at Parsippany show loses PTI bid

Assistant Prosecutor Alexis Keller argued that Wetzler, now 59, went to a coin show in Parsippany on May 1, 2016, with a loaded, Walther PPK/S .380-caliber handgun in his pants pocket that he had no license to carry. The gun was not secured in any way, she noted…

8.) Cedar Park Gold Coin Company Owner Charged With Stealing From Customer

Donald McBride, 47, has been charged with theft. That’s a state jail felony punishable by up to two years in jail.

According to an arrest affidavit referenced by the Austin American-Statesman, McBride, the owner of David Maxwell Gold Advisors LLC, 1818 Golden Arrow Ave, never sent 500 silver American Eagle coins a customer paid $9,705 for, and failed to provide a refund when the customer demanded a refund

9.) Metal Detecting YouTuber RelicHuntingScotland Confesses to Raping Girl with Learning Disabilities

At the High Court in Glasgow on Thursday Wernham, 51, admitted raping the girl and taking hundreds of pictures of her in sexually explicit poses

Banknote News

10.) Central Bank Of Uruguay will issue $ 50 plastic bills

The Central Bank of Uruguay (BCU), will soon release new $ 50 bills in commemoration of the institution’s 50-year anniversary.
It will be the first issue of polymer banknotes (plastic) made in the country

11.) Norway’s central bank creates fishy music video to promote new banknote

The comedy spot features three of Norway’s most celebrated comedians – Knut Lystad, Lars Mjøen and Jon Niklas Rønning – as well as a rap from DJ Codfather and a cameo from central bank governor Øystein Olsen. The nautical theme pays homage to the 200-krone bill prominently featuring a codfish.

Non-Norwegian speakers may find the video hard to understand…

Medals, Tokens & Exonumia

12.) Katy Days offers set of commemorative coins for fundraiser

Katy Days organizers have announced the availability of fifth annual limited-edition Katy commemorative coins. Gold-, silver- and copper-tone coins are available, with each hue bearing a different memento of railroad history on their tail side

Treasure & Archaeology

13.) Roman coins to be unveiled at festival

The Wold Newton Hoard, the largest Roman hoard of its period to be found in the North of England, is returning to the Yorkshire Museum and will be on display at this year’s Eboracum Roman Festival, from June 1 to 4, following extensive conservation.

The hoard dates to 308AD and contains more than 1,800 coins, many of which are extremely rare and hold great national significance. It includes coins from the time of the Emperor Constantius, who died in York.

Upcoming Auctions & Events

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