Host Bob Van Ryzin discusses the Lincoln Coin and Chronicles Set during his segment of ‘What’s In the News’ for the October 29th episode of Coin Chat Radio.
Ryzin talks about the issues the US Mint had with their ordering systems during initial hours of the Lincoln Chronicles release and an apology that the Mint issued over the matter. According to Ryzin, the Mint is searching for a new Chief Information Officer to oversee an upgrade to their online systems.
Doug Davis, Founder and President of the Numismatic Crime Information Center (NCIC), is interviewed by Editorial Director Debbie Bradley on the ‘Industry Insider’ segment. The recent theft of coin dealer Julian Leidman’s collection from his car after the Coinfest show in Connecticut has the two discussing ways to prevent such things from happening to other coin dealers and collectors. Read the rest of this entry »
(Fallbrook, California) – Chinese-made counterfeit coins pose a significant financial threat to unsuspecting consumers, according to leaders of five of the country’s most influential rare coin organizations. They warn the public is spending millions of dollars on fake U.S. coins offered in online auctions and elsewhere, such as flea markets and swap meets.
This counterfeit 1916-D Winged Liberty Head dime was sold online. Photo credit: Numismatic Guaranty Corporation.
In a jointly-issued consumer advisory (below) the groups caution the public not to purchase any so-called "replica" coins because they may be in violation of federal law. They also urge consumers to only purchase genuine rare coins from reputable, professional dealers or face the risk of losing money on copies that are illegal to re-sell. Read the rest of this entry »
(Fallbrook, California) – The Executive Director of the Professional Numismatists Guild (PNG), Robert Brueggeman, has announced that the PNG Board of Directors has accepted the resignations of the following member-dealers:
- Allan Davisson of Cold Spring, Montana (PNG #553) and
- Edward J. Waddell, Jr. of Frederick, Maryland (PNG #275)
Read the rest of this entry »
UHR $20 Gold Coin order limits will be eliminated on Monday, Sept. 21, the United States Mint announced Wednesday. It is the third change in recent months in a US Mint effort to smartly ratchet up order limits to "ensure the broadest and most fair product access."
The US Mint has added a new message to its online store that states:
Effective September 21, 2009 at 9:00 am (ET): The United States Mint will remove the household order limit on the 2009 Ultra High Relief Double Eagle Gold Coin.
UHR coin sales spiked immediately after July 27 when the Mint raised the limit from one to 10 UHRs per household. They began declining following the second limit increase of 10 to 25 on Aug. 31, however, indicating a top order threshold was no longer needed. Read the rest of this entry »
2009 UHR $20 Gold Coins will be much easier for coin dealers to purchase going forward. The US Mint is increasing the order limit from 10 per household to 25, according to the following message posted earlier this week on its Web site.
Effective August 31, 2009 at 12:00 noon (ET): The United States Mint will adjust the household order limit on the 2009 Ultra High Relief Double Eagle Gold Coin from a limit of ten (10) coins per household to twenty-five (25) coins per household. The household order limit will be re-evaluated on a regular basis and the United States Mint will either extend, adjust or remove the limit as needed.
This is the second consecutive month the US Mint has increased the amount of coins the public can buy. In late July, the household limit was raised from one to ten. Prior to the change, coin sales had averaged to less than 1,000 new orders a week. The biggest excitement turned to watching realized prices of graded examples on the secondary market. (See current eBay auctions.)
Sales were obviously slowed by the household limit. By Aug. 16, UHR sales topped 80K, compared to the 70,385 sold as of July 19 and prior to the first limit increase. The following table highlights how demand picked up: Read the rest of this entry »
Maryland dealer and ANA Life Member Julian Leidman is the inaugural recipient of the Harry J. Forman Dealer of the Year Award.
The annual award is presented to an ANA member dealer who shows uncommon dedication to strengthening the hobby and the ANA, and displays exemplary ethical standards as a dealer. The award is named in honor of Harry J. Forman, a Philadelphia coin dealer, author and ANA Life Member who died in 2008.
Julian Leidman began his career as a dealer and consultant over 40 years ago. He has an unbroken record of attendance at every major U.S. coin auction since 1968, and has handled some of the most important and valuable U.S. coins. Read the rest of this entry »
(Las Vegas, Nevada) — The Professional Numismatists Guild (PNG) will conduct its second "PNG Dealer’s Deal" show in Las Vegas, Nevada on Tuesday and Wednesday, August 18 and 19, 2009. The show again will be held at Wynn Las Vegas hotel and casino on "The Strip."
"Our first ‘Dealer’s Deal’ last December was very well received," said Gary Adkins, PNG President. "It was a low key event without the hustle and bustle, commotion and distractions you encounter at a big convention, so people were able to conduct business in a very personal, unrushed manner."
On-site grading services will offered by Numismatic Guaranty Corporation. Read the rest of this entry »
The American Numismatic Association’s 2009 World’s Fair of Money® gives visitors the chance to see some of the world’s most beautiful and valuable coins, interact with top numismatists, and explore one of the country’s most exciting cities. The event will be held Aug. 5-9 at the Los Angeles Convention Center, and will feature more than 1,100 dealers and vendors, world-class exhibits, 15 mints from four continents and education presentations for every age and interest level.
"This show promises to be the most spectacular numismatic event you’ll ever see," said ANA President Barry Stuppler. "The exhibits will be the ANA’s best ever, the educational programs and events offer something for everyone, the dealer activity will be high, and the host city ensures great attendance and an exciting atmosphere."
The Museum Showcase makes its inaugural appearance in Los Angeles, and will be a centerpiece of the convention. Among the rarities on display will be 20 coins from the Read the rest of this entry »
Members of the American Numismatic Association are invited to showcase their collections, research and creativity with fellow hobbyists by presenting an exhibit at the 2009 World’s Fair of Money®, August 5-9 in Los Angeles.
The Collector Gallery brings together talented numismatic exhibitors and unique collections from across the country. All areas of numismatics are represented, including U. S. coins and paper money, ancient coins, tokens and medals, and other topics from around the world.
Exhibitors have the option to enter their displays in competitive (judged), non-competitive, or marquee (invitational) categories. Competitive exhibits are judged on a variety of standards, including educational value, presentation, and degree of difficulty. Awards are given in 19 regular categories and seven Young Numismatist categories; several special awards are also presented. Read the rest of this entry »
"What’s In the News" with Bob Van Ryzin leads off the May 28th edition of Coin Chat Radio with news of the formal release ceremony of the John Tyler Presidential Coin at the Sherwood Forest Plantation once owned President Tyler.
Ryzin also reminds listeners that the Smithsonian is premiering a numismatics exhibition called "Stories on Money." Among other displays, it showcases samples of money from colonial times in America to the present.
Numismatic News editor Dave Harper interviews Diane Piret, Industry Affairs Director of the Industry Council for Tangible Assets.
"ICTA was formed to represent anyone who has an interest in rare coins, currency and precious metals with government," Piret replied when asked what the Council was. "We had no voice, especially in Washington, before that, and laws were passed without input from us which were detrimental to our hobby and industry."
The ICTA has had a pivotal impact on Broker Reporting Regulations. According to Piret, the legislation was intended for commodity brokers, but the coin industry was sucked in as well, mainly due to large transactions like bullion sales. Read the rest of this entry »
