Numismatic Blog and News Headlines – October 28, 2008

by on October 28, 2008 · 0 comments

Four numismatic articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend collectors read them for their unusual or interesting content. Here are today’s articles:

[Royal Canadian] Mints struggle to meet metals demand
By Gina Teel, Calgary Herald

Safe-haven investors are on a shopping spree for precious metals, snapping up gold and silver as an antidote to topsy-turvy markets — if they can find any, that is. Demand for physical gold and silver is gobbling up product at nearly every mint around the globe and in Canada has the Royal Canadian Mint allocating its supply among its distributors, who in turn are limiting the number of coins they sell to dealers, who sell to consumers.

Read ‘Mints struggle to meet metals demand’ »

Buyers Beware: Not All Coins are Money
By Richard Giedroyc, World Coin News

Members of the Federation Internationale de la Medal (FIDEM) have discussed for years the question regarding where to draw the fine line between when a free standing art medal is no longer a medal, but becomes a piece of sculpture. Perhaps a similar question should be asked regarding some non-circulating legal tender commemorative coins.

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eBay, ANA, PNG Sued in Antitrust Claims
By David L. Ganz, Numismatic News

Online Internet auction firm eBay, the American Numismatic Association, the Professional Numismatists Guild, and the ANA president’s coin firm have been hit with a lawsuit in federal court alleging anti-competitive conduct. There are four plaintiffs: Universal Grading Service of New Jersey; John Callandrello, a UGS shareholder; Joseph Komito, a New Jersey coin dealer; and Vadim Kirichenko, a New York coin dealer.

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On the Job: Coin collectors enjoy the thrill
By Rick Wills, Pittsburgh Tribune-Review

From steel pennies made during World War II’s copper shortage — now worth about 10 cents — to certain rare 19th century silver dollars valued in the millions, the allure of coins draws everyone from wealthy collectors to teenage hobbyists. "No two coins are the same. And everyone has access to coins. You can have a lot of fun for under a dollar," said Kitty Litman, owner of The Coin Exchange, Downtown on Sixth Street near Heinz Hall.

Read ‘On the Job: Coin collectors enjoy the thrill’ »

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