Coin Dealers

2015 Presidential $1 Coin Design CandidatesThe Presidential $1 Coin Program debuted in 2007 and honors former American presidents with their portraits featured on the obverse (heads side) of dollar coins. The series in 2015 celebrates Harry S. Truman, Dwight D. Eisenhower, John F. Kennedy and Lyndon B. Johnson, the 33rd – 36th Presidents of the United States.

As part of the development for the $1 coins, design candidates for the portraits are created […]

{ 1 comment }

Credit Cards

U.S. Postal Service inspectors are investigating the fraudulent use of stolen American Express credit cards to purchase apparently tens of thousands of dollars of gold coins.

"The orders are placed by phone, often for $10,000 to $20,000 worth of Liberty Double Eagles or other, large-sized gold coins. The callers have a foreign accent and sometimes have problems pronouncing the name on the credit card. They’ll phone dealers and will correspond by email, but no one ever answers the phones when dealers try to call them back," said Michael Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas who has been working with postal inspectors on several cases […]

{ 1 comment }

Professional Numismatists Guild (PNG) member-dealers have been assisting the news media in their continuing investigations of several gold-buying companies that move from community to community across the United States.

1925-D Indian Head $2.50 gold coin
Traveling gold buyers offered only $60, significantly below bullion melt value, for this 1925-D Indian Head $2.50 coin graded NGC MS66 that PNG experts say is actually worth $10,000. (Photo credit: Universal Coin & Bullion) – Click image to enlarge

One of the buyers offered only $60 — significantly less than even its bullion melt value — for a 1925-D Indian Head $2.50 gold coin certified NGC MS66 and valued at $10,000 by PNG experts.

Read the rest of this article »

{ 1 comment }

Briefcase of CoinsDuring the last week, there were two more stories of dealers being robbed. One occurred in Wichita Falls, Texas and the other in Parisippany, New Jersey. In both cases, the dealers stopped at a restaurant after the show ended, and had their windows broken to take what was in the car. The incident in Wichita Falls also involved an assault on the dealer and his wife.

Earlier this year, a coin dealer was robbed in Acton, Massachusetts after leaving a coin show in Westford. Also, a coin dealer from Jacksonville, North Carolina was robbed in Wilmington when he went to visit someone’s home he thought was interested in purchasing coins.

These incidents show that it is time for dealers to step up their security awareness and learn to protect themselves from the risks of robberies. Dealers with store fronts have a lot of options to protect their assets, although some have fatal ramifications. For the dealer who travels to and from shows, the security of their vehicle is very important.

Read the rest of this article »

{ 1 comment }

The Royal Canadian Mint’s Winter 2010 Collection — Product Spotlight

Earlier this month, the Royal Canadian Mint released its first new collector coins of 2010. To follow up on our recent 2010 Proof Set Spotlight honouring the Canadian Navy’s centennial as the theme of its 2010 Silver Dollar, we’re now pleased to tell you about another perennial favourite — the annual Specimen Set which pays tribute to one of Canada’s remarkable feathered friends.

Royal Canadian Mint 2010 Specimen Set
2010 Royal Canadian Mint Specimen Set Coins (not to scale) – CLICK IMAGE TO ENLARGE

The Royal Canadian Mint 2010 Specimen Set includes seven Canadian coins with a combination of superb brilliant and frosted relief finishes on lined backgrounds.

Read the rest of this numismatic news article »

{ 0 comments }

The American Numismatic Association and the Professional Numismatists Guild have agreed to jointly sponsor the Official Pre-Show prior to the ANA World’s Fair of Money for three years beginning with the ANA Chicago convention in August 2011, ANA Executive Director Larry Shepherd and PNG Executive Director Bob Brueggeman have announced. The Official Pre-Show will be […]

{ 0 comments }

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 […]

{ 0 comments }

(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 […]

{ 3 comments }

(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)

{ 0 comments }

UHR $20 Double Eagle Gold CoinUHR $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 numismatic news article »

{ 0 comments }

1 of 51234...End »