A coin collector can hardly experience anything worse with a collection than having it stolen. After the theft, there is always the hope that some or all of the coins will eventually be recovered. But imagine if your coins were stolen and then spent or traded like every day circulating change, as if they had absolutely no collectible value.
That is exactly what happened to one man’s collection in Enfield, Connecticut. He found out that he had been taken to the cleaners by a woman he hired to clean.
The woman apparently discovered the collection, called another man into the home, and together they took the collectible coins and paper-money. Even worse, the coin collection was then swapped for cash using a coin cash machine at a local store.
Read the rest of this numismatic news article »
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.
Read the rest of this numismatic news article »
The vast majority of coin collectors collect for the joy and experiences the hobby brings – not for financial gain. On the flip side, collecting coins can place a burden on the wallet so most collectors are savvy in at least the basics of finance. To that end, CoinNews.net has added a FREE and simple […]
We’ve all stored change now and again. But few can claim the prize of hoarding coins for 7 years with the intention of buying a big screen TV and DVD player. That’s exactly what Tim Thraves, a man from Hillsboro, did and plans to do. Real coin collectors or numismatist, those who study and collect […]
They’re not the home run makers in the series of Mint coinage but they do make a big hit every now and again… The 2007 Uncirculated Coin Sets are almost up to bat. They’re on deck, in fact. Standby because on October 9th, you can purchase them through the United States Mint. Them? In short, […]
There’s nothing better than some variety between coins to peak a person’s interest and excitement. The 50 State Quarters® and new Presidential $1 Coins highlight how changing a coin’s design every few months can kindle passion with at least collectors. What’s your excitement level when a batch of coins gets minted but a percentage of […]
The United States Mint has released the 2007 Wyoming Official First Day Coin Cover. These limited edition covers hold two Wyoming state quarters that were each minted on the very first day of the coin’s production. Just like the Jefferson $1 Coin Cover recently released, one coin included is from the United States Mint at […]
eBay’s trying to step up efforts to stymie fraudulent numismatic listings and the selling of counterfeit coins. Last week they implemented an updated policy for how certified coins could be listed in online auctions. What’s changed? In writing, not much. The policy guidelines aren’t exactly long. However, the changes they detail are significant. eBay’s policy […]
For the lucky few able to get one of the Jefferson Liberty First Spouse Gold Coins, take heart. If you haven’t already received yours, they’re on the way. And the coins are, if you’ll forgive me… SWEEET! Although variation in delivery dates were given based on order times, no orders were actually shipped when the […]
Citizens Coinage Advisory Committee – who are they and what do they do? Since the government is responsible for minting coins, you could suspect it’s more than one or two people who are responsible for designing them. But wait, we’re talking about the government… Obviously, we need to be thinking about committees when it comes […]
