Yearly Archives: 2008
Gold Hits New Record, Above $876
NGC Confirms Counterfeit Replica Coin Holders
Today, Jan. 7, the Numismatic Guaranty Corporation (NGC) has confirmed the existence of counterfeit replica holders.
NGC was founded in 1987 to objectively provide third party grades to coins. Coins sent to NGC are analyzed, graded, recorded and then encapsulated in tamper resistant, protective holders.
While there are several coin grading services in existence, NGC is considered to be one of the top two - PCGS being the other.
Counterfeiting certified coin holders is not new. Those who do it and are willing to risk jail time victimize the unsuspecting buyer into paying a large amount of money for a coin that may also be counterfeit, or not at the grade the fake holder indicates.
International Currency Converter Added to CoinNews Site
Special Tours and Events Planned for Phoenix National Money Show
COINage Magazine: January Articles and 2008 Forecasts Worth the Read
Weekend Recap: Silver, Gold and Platinum Prices; Business Week News
Teens Arrested For Counterfeiting Money Using Inkjet Printers
Three Long Island 17-year old high school students are under arrest for printing counterfeit $10s, $20s and $50s from the back of a pickup truck.
Amazingly, police say ink jet printers were used to print the bills. The power source? A Radio Shack inverter plugged into the pickup truck's cigarette lighter.
The average person could easily assume any teenager who used the bed of a truck as a factory floor and inkjet printers to output bogus bills would get caught and arrested in short notice time.
The Friday Fun Blog: Coin Donation Creates Bomb Scare
CoinNews Goes Mobile: Coin News for Cell Phones and Mobility Devices
CoinNews is now available via wireless mobility devices and Web-enabled phones. CoinNews provides the information you need to keep in touch with the market while you're on the go, including:
- Coin or Numismatic News
- Google News and Tools (Google web search, top news headlines and driving directions)
Steps to get coin news on your phone, PDA or other mobile device
To get CoinNews on your PDA, Web-enabled phone or other mobile device, simply follow these directions:
- Open the mini-browser on your phone or device
- Choose the option where you can enter a URL and type:
http://mobile.coinnews.net - Bookmark the site so you can receive your coin news and information quickly
Proxibid Partners with Bowers and Merena Auctions for Major Coin Sale
Omaha, NE — January 2, 2008 — Proxibid, the leading provider of Internet auction webcasting services, today announced that it will provide live online bidding for the Bowers and Merena Orlando Rarities Sales, slated for January 8, 2008 in Orlando. The live auction event will take place at the International Plaza Resort & Spa in the heart of Orlando’s bustling entertainment district, two days prior to the Orlando F.U.N. Show. Live online bidding will begin January 8 at 6:00 p.m. EST on Proxibid. View the auction catalog now!
670 lots of high-quality, rare U.S. coins will be available for live online bidding during this auction. Even the most discerning collectors will agree that this is a must-attend event. With online bidding via Proxibid, collectors world-wide can log on to bid and win some of these rare coins.
One of the most exciting coins to cross the block during this auction is Lot 516, a 1795 Capped Bust Half Eagle, Small Eagle, BD-2, HBCC-3034, Miller-3, Rarity-6, graded MS-64 by NGC. According to Bowers and Merena’s President Steve Deeds,
“This is a spectacular specimen. Only 20 to 30 examples of the 1795 BD-2 Half Eagle are believed to have survived, and the near-Gem that we are offering here is undoubtedlythe finest example available for private ownership, if it is not the finest known.”
“We are thrilled to offer online bidding via Proxibid for this auction,” said Deeds. “We have several high-profile items available for this auction, including a 1793 Half Cent, the United States’ first half-cent coin. Collectors won’t want to miss this auction!”