Monthly Archives: August 2008
PNG Extends Brueggeman’s Contract, Cites Accomplishments
Bowers and Merena to Present More than 900 Coin Rarities in...
Highlights Include Extraordinary Gem 1851 Augustus Humbert $50 Gold Piece, the Only Humbert Gold Coin of Any Denomination or Variety Graded MS-65 * by NGC
IRVINE, Calif. – Bowers and Merena Auctions, America's leading rare coin and currency auction house, will host their Beverly Hills Rarities Sale on Saturday, September 13, 2008, at The Tower Beverly Hills, prior to the Long Beach Coin, Stamp & Collectible Expo.
Lot viewing for the entire auction is scheduled for Thursday through Saturday, September 11-13. The catalog includes more than 900 exceptional coin rarities
Topping the list of highlights is a very special new discovery, Lot 681, an August Humbert $50 Gold piece of the Reeded Edge, 880 THOUS (K-5, Rarity-5) variety graded MS-65 * by NGC. It is the only Humbert gold coin of any denomination with an NGC grade of MS-65 *.
No Humbert gold coins of any denomination or variety have been graded finer than MS-65 at either PCGS or NGC.
Silver and Gold Rise with Oil
Stolen Rare Coin Returned to Garage Sale Buyer, Not Likely Owner
In an unusual case, a judge decided that one of five stolen Swedish rare coins purchased at a garage sale — a Swedish 1632 Gustav II Adolf gold Dukat — would be returned to the daughter of the woman who bought them, and not to the owner's estate who received the other four.
"This case raises squarely the conflict between two principles, protection of property and protection of commercial transactions," said British Columbia Supreme Court Justice Bruce Butler who ruled to split the coins.
To better understand Justice Butler's decision, background information provided in the case offers an excellent history of events.
Coins purchased in garage sale
Marina Ovsenek was on her way to a cancer treatment with her daughter, Stephanie Manning, when they happened by a garage sale sign. They decided to stop, and Ms. Ovsenek bought a box containing five gold-colored coins and a brooch for $5.
2009 Australian Kangaroo Gold Coins Unveiled
The Perth Mint has pulled away the curtains to unveil the new and unique 2009 Australian Kangaroo gold coin design. The Australian Government official, legal tender bullion coins are struck in 99.99% pure gold, carry a guarantee in weight and purity, and include eight fractional sizes with two different reverse designs.
The series of 8 coins are minted for both investors and collectors and will be released October 1, 2008 for worldwide distribution.
The obverse or heads side of the gold coins depict Ian Rank-Broadley's effigy of Her Majesty Queen Elizabeth II.
The 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz reverse design portrays a kangaroo with a 'joey' in its pouch with a representation of the Southern Cross constellation and the seven-pointed Commonwealth Star in the background.
US Mint Resumes Limited American Eagle Gold Coin Sales
Overwhelming demand forced the United States Mint to suspend one-ounce American Eagle gold coin sales to their network of Authorized Purchasers on August 17.
The suspension of the investment gold coins has been lifted — at least on a limited bases, according to a U.S. Mint memo to its authorized dealers on August 22.
"The unprecedented demand for American Eagle gold one-ounce bullion coins necessitates our allocating these coins among the authorized purchasers on a weekly basis until we are able to meet demand."