Executive Director Christopher Cipoletti was fired by the American Numismatic Association, a 32,000 member-strong nonprofit organization serving coin collectors. Cipoletti was also terminated as the ANA’s general legal counsel.
The ANA’s nine-member board of governors voted Cipoletti’s ouster, but gave no specific reason. Barry Stuppler, president of the board, stated in an ANA press release that one couldn’t be provided because it was a personnel mater. However, he also added:
"We felt there was adequate cause to fire him."
While Cipoletti held his position, the ANA experienced several incidents that members didn’t expect from a strong nonprofit organization. Cipoletti was the Executive Director since January of 2003 and the ANA’s legal counsel since 1998.
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We’ve all stored change now and again. But few can claim the prize of hoarding coins for 7 years with the intention of buying a big screen TV and DVD player.
That’s exactly what Tim Thraves, a man from Hillsboro, did and plans to do.
Real coin collectors or numismatist, those who study and collect coins for that enjoyment alone, may feel some dismay, but also amusement.
Many collectors have a hard time parting with their collection. But if you’re going to give it up, few - well, at least most men - would argue against Thraves’ decision.
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Today, President Bush honored Tenzin Gyatso, the 14th Dalai Lama of Tibet, with the Congressional Gold Medal.
The medal was given in recognition of his many enduring and outstanding contributions to peace, non-violence, human rights, and religious understanding.
President Bush was actually the first US leader to appear publicly with the Dalai Lama. Previous presidents have met with him privately, minimizing friction with China.
China’s attitude toward the Dalai Lama is one of anger, feeling he’s a separatist trying to pull Tibet away from China.
For background, you can view the Reuters video news clip from yesterday. You can also watch the Associated Press video clip of the Congressional Gold Medal ceremony.
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After a long wait, the United States Mint resumed sales of its gold coins. They’re the same coins, but at higher prices. Will the public find them fair? Or shy away with sticker shock?
The Mint first suspended the American Eagle Gold Uncirculated coins on September 13. Later, the proof versions were pulled and finally the American Buffalo Gold proof coins.
As of late Monday afternoon, October 15, all gold coins are now back online and available for immediate purchase.
In a statement released announcing the return, the Mint said:
The United States Mint temporarily suspended sales of American Buffalo Gold Proof Coins and American Eagle Gold Proof and Uncirculated Coins due to significant increases in the price of gold. Gold has been trading near 28-year highs and is at its highest level since 1980. Over the last 30 days, the price of gold has risen more than 12 percent…
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The verdict isn’t in on whether counterfeit coins were used earlier this month at a local McDonald’s restaurant in Macomb, Illinois.
The boy who used them was given the four Presidential $1 Coins as a gift from his grandparents. They were special proof versions, which are made for collectors, and have a current value of at least $14.95.
Proofs usually make ideal gifts for many children due to each coin’s mirror-like shine and unmatched detail. The boy, however, was apparently less intrigued and decided to spend them.
The unfolding of the 2007 Presidential Dollar counterfeit story
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Proof 2007 American Buffalo Gold coins were taken off the market and the American Eagle Platinum Uncirculated coins quickly followed suite.
The bullion coins join the ranks of the American Eagle Gold Uncirculated coins that were removed for sale back on September 13.
Yes, that’s nearly a month ago now.
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Heritage Auction Galleries held the Official Auctions of the September 2007 Long Beach Coin Expo.
The total numbers generated and announced through a press release were impressive, reaching $27 Million. The Signature Auctions included:
- U.S. coins ($11,311,996)
- U.S. currency ($10,486,434)
- Ancient and world coins ($3,210,026)
- And U.S. tokens and medals ($598,946)
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CoinNews.net is happy to announce the addition of a new service to its website. As requested by many CoinNews.net readers, an eNewsletter has been added.
The eNewsletter is FREE and only requires an e-mail address to subscribe. Here are a few things to expect with a subscription:
- Coin and numismatic news snapshots, articles and occasional news alerts
- CoinNews.net will not sell or share your email address. Please read our privacy policy.
- This is a Double Opt-In eNewsletter (when you enter your information, you’ll receive a confirmation email asking to verify your sign up)
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Two days ago the Peoria Journal Star reported a police investigation alleging the use of counterfeit Presidential $1 Coins at a local McDonald’s restaurant in Macomb, Illinois.
The coins were colored and had the faces of U.S. Presidents George Washington, John Adams, Thomas Jefferson and James Madison.
Each were apparently shiny and because they included what looked like the James Madison Presidential Dollar, it was surmised the coins may have come from a collector’s proof set.
Proof sets are special coins the U.S. Mint specifically makes for coin collectors. Although the Madison Presidential Dollar has not yet been released for public circulation, it is available through the 2007 Presidential $1 Coin Proof Set.
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Two-headed coins don’t command but a few dollars for price.
And, instead of finding one in your pocket change and selling it for profit, you’re more likely to pay those few dollars to purchase one in a novelty, prank or magician’s shop.
That’s not to say people don’t find them… One of the most frequently asked questions is, "How much is my two-headed coin worth?"
Most people who ask are hoping they discovered an error coin that’s worth thousands of dollars. That’ll never be the case with modern U.S. coins.
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