Every year New York City children from participating schools collect pennies from family, friends and neighbors.
These pennies don’t make their way into piggy banks or Lincoln coin collections.
Instead, the children put their pennies together and they’re literally trucked to the Penny Harvest Field, an enormous and specially designed penny-holding structure in Rockefeller Center.
It’s here where the children can see the massiveness of their collection and can better grasp how their combined efforts and hard work will pay off for charities they’ll later select.
Several Penny Harvest Field Stats of Success
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Bullion movement was overall uneventful most of the week. More attention was paid to employment and housing reports. Analyst were closely monitoring the data and whispers of the Fed, trying to judge potential interest rate adjustments.
Given the latest data, many analysts expect a quarter-point cut next week. For news on these fronts, watch the included Reuters videos.
Bullion prices for the week
Platinum was lackadaisical. It started at $1450 on Monday and closed $8 higher to $1458 an ounce.
Gold made a small upward surge and once again moved above $800 on Thursday. However, the stay was short and gold ended up closing Friday at $792 an ounce.
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It could be the largest coin ever, coming in at a weight of 12 tons, a height of 7 meters (~23ft) and a depth of 70 cm (~2.3ft). You could stand from a very long distance away and still make out its golden color, royal portrait and finely detailed rim. You’d probably say it looks like a huge British one pound coin.
Is it too big to be true? In one word… Yes.
Although called a coin, it’s actually made of wood and isn’t legal tender. But it does have a sizable symbolic value. The wooden "coin" was completed and its sized used to symbolize the 50 million pound coins it could apparently hold. (Approximate US value of $101 million.)
It was rolled out today to mark the beginning of the UK public vote in deciding where £50m will be awarded, the largest amount ever, by the Big Lottery Fund. The final four environmental groups competing for the money are:
- THE EDEN PROJECT: THE EDGE - The next evolution of the Eden Project in Cornwall, where communities will be able to share the ideas they have for improving their lives and surroundings.
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(Fallbrook, California) – The Professional Numismatists Guild (PNG) again will provide a scholarship to send a deserving young numismatist to the annual American Numismatic Association (ANA) Summer Seminar in Colorado Springs, Colorado in 2008.
The scholarship will cover airfare, tuition for one of the two week-long Summer Seminar sessions in June, meals and six nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters.
“For the fourth consecutive year, we are inviting all young numismatists between the ages of 13 and 22 to apply for the PNG scholarship. To be eligible for consideration, entrants must submit a short essay outlining why they should be chosen as the scholarship recipient. The deadline for receipt of the entries is March 31, 2008,” said Robert Brueggeman, PNG Executive Director.
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I’ve been pondering the ups and downs of gold to help in my gold coin buying decisions. Unlike the experts who have analyzed the numbers and stabbed at their predictions for gold’s future, I’ve taken what I believe to be the soundest approach. What’s that… you’re wondering?
Well, it’s kind of like throwing darts for stock picks. And it’s almost as fun.
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The world’s first pyramid shaped coin makes its debut today. The three-sided coin is so uniquely shaped that you wouldn’t carry it around in your pocket.
You certainly could, if you didn’t mind the pointed edges poking your thighs. And the new coin is legal tender by the Isle of Man government. However, it’s not meant for general circulation.
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Take the new two-click poll on the CoinNews website asking that very question (found in the upper right). Surprisingly, at least so far, results have been close to evenly mixed.
Compared to the U.S., interesting and different dynamics are in play with other countries and their small change. Several countries are actually suffering through serious coinage shortages due to hoarding.
Two countries in particular, Argentine and China, have experienced an up tick in entrepreneur-like activity where people find and resell small change - for a profit - to businesses or individuals who are experiencing shortages.
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Every time a new dollar coin gets inked into legislation there’s a ripple effect many, including the bill’s inkers, don’t take into consideration.
It’s not malicious thoughtlessness. No person can have omnipotent foresight in knowing the consequences of every single decision.
Presidential $1 Coin Act of 2005 mandates vending machine requirements
Take, for example, the Presidential $1 Coin Act of 2005 that’s responsible for the new dollar coins. The law not only mandates the creation of the coin, but also includes requirements to help drive its success with the public.
Although it hasn’t always happened from day one, part of a new coin’s circulating success is ensuring its design and composition work with vending machines. If that doesn’t happen, it’s hard for any new coin to succeed. Obvious? For sure. A coin has to be useful, not just pretty.
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It’s time for the world Coin of the Year (COTY) voting. The World Coin News sponsored event is running on its 25th year of honoring coinage mints from around the world. This year there’s something different - a brand new category, the "People’s Choice Award".
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Dolley Madison First Spouse Gold coins went on sale exactly two weeks ago. The previous Martha Washington, Abigail Adams and Thomas Jefferson’s Liberty spouse coins sold out within hours of their release.
Why are both the Proof and Uncirculated versions of the Dolley gold coins still available?
No one can really get into the psyche of buyers, but different indicators are exposed now compared to the previous spouse coins that sold out like hot cakes.
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