Coin News: Shipwreck Coins, 37-Cent Coin, Forging Innovation, Obverse/Reverse?

by on October 6, 2009 · 0 comments

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

Shipwreck in the Forbidden Zone
Roff Smith | National Geographic

History rarely unfolds like a fable. But consider this: A 16th-century Portuguese trading vessel, carrying a fortune in gold and ivory and bound for a famed spice port on the coast of India, is blown far off course by a fierce storm while trying to round the southern tip of Africa. Days later, battered and broken, the ship founders on a mysterious …

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Do We Need a 37-Cent Coin?
Steven D. Levitt | The New York Times

A young economist I know, Patrick DeJarnette, believes a much more radical change in currency is warranted. Here is what Patrick writes: Late one night I was curious how efficient the "penny, nickel, dime, quarter" system was, so I wrote a little script to compare all possible 4-coin systems, with the following stipulations …

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Forgers show innovation
Steve Roach | Coin Values

Coin World has taken an active role in disseminating information about the recent infiltration of fake coins that are coming into the United States from production facilities in China. The good news? The hobby’s awareness of this problem is increasing and dealers are becoming more aware of what is out there. The bad news? The counterfeit coins keep …

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Obverse or Reverse? Judging Which Side Can Be Tough
Alan Herbert, | Coins Magazine

One of the quickest ways of starting a hobby debate is to bring up the subject of obverses and reverses. The two words in themselves are prone to start an argument. What is the point of having two special terms that apply only to coins, tokens and medals?

It’s just one of the many things we have to teach to beginning collectors. For the sake of argument, why don’t we refer to them as front or back, which the …

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