Coin News: $20 Gold Double Eagles, Fake Pound Coins

by on November 11, 2009 · 0 comments

Several numismatic news or coin blog articles are referenced on CoinNews two separate times a week. 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:

Rare gold $20s glitter
Steve Roach | Coin Values

All that glitters is gold this week, as gold approaches the $1,100 per ounce threshold, Numismatic Guaranty Corp. announces that it has graded the 10 Langbord 1933 Saint-Gaudens gold $20 double eagles, and Stack’s is set to auction a 1907 Saint-Gaudens, Ultra High Relief double eagle. As noted on Page 1 of this issue, NGC graded the majority of the 10 coins …

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New Government Legal Tack [surrounding the 1933 double eagles] Could Backfire
David L. Ganz | Numismatic News

Litigation surrounding the 1933 double eagles of the Langbord family, whose pater familias Israel Switt has his pedigree on all of the known pieces that the government has seized, took a new twist Sept. 29. That day the U.S. Mint amended the existing lawsuit to counterclaim for relief not only to require the Langbord family to forfeit the 10 1933 $20 gold coins that they asked the Mint to authenticate, but to seek the same fate for anybody else that has one, too. …

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Double Eagles and Shipwrecks: An Interview with U.S. Gold Coin Collector A.C. Dwyer
Ben Marks | Collectors Weekly

A.C. Dwyer, an avid coin collector, talked with us recently about the history of U.S. $20 double eagle gold coins, especially those struck during the California Gold Rush. Dwyer discusses the types of double eagles that were minted, the most interesting and rarest varieties, and why he’s so enthralled with coins that have been found at shipwreck sites. Dwyer can be contacted via his website, …

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The 1 in 40 chance that the pound in your pocket is a fake
Mail Online

One in 40 pound coins in circulation is fake – making it the most counterfeited currency in Britain. The figure, revealed by the Treasury, represents £37million — 0.52 percent of the total £1.4billion in the market — and is part of an ‘upward trend’ in forgery. Six years ago, one per cent of pound coins were bogus …

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Collecting Coins No Guarantee of Profit
Dan Sowards | Numismatic News

I recently decided to retire next January after 38 years of working for the same employer. As is the case with many of us, I simultaneously decided to dispose of most of my coin collection. This was not really a heart-wrenching decision, since I am financially able to keep some coins with sentimental value to me such as my PCGS MS-66 1950-D nickel. My reason for writing to you readers is really two-fold: (1) ensure that if you are indeed a coin collector (notice I didn’t use the term "numismatist," as I’ll detail further into the article) that you enjoy your coins; and (2) point out the financial pitfalls that can be associated with our hobby. …

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The Commander-in-Chief pays tribute [President Obama’s Challenge Coin]

President and Mrs Obama attended a memorial service today, honoring the 13 who were killed last week at Fort Hood … The coin the president left, like the one below, is called a "challenge coin." According to White House Press Secretary Robert Gibbs, the President gives one to …

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