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Blog Page 1138

Gold Declines as Rescue Plan Agreement Close

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New York precious metals retreated while the U.S. dollar climbed Thursday as news of a "fundamental" agreement came from Washington regarding the U.S. $700...

Daily Numismatic Headlines for September 25, 2008

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Four numismatic articles are referenced on CoinNews every Tuesday and Thursday, which are not written by us, but we recommend collectors read them...

The Slow Death of U.S. Circulating Coins

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credit cardIt's no secret. The currency of choice is not change, and it's no longer paper money. For many Americans, both forms have become annoyances — especially in high value purchases. Coin usage is declining, and trending toward extinction. These days, it's about plastic with the convenience of credit and debit cards.

While the U.S. Mint is spending money on mandated marketing and a doomed promotion of Presidential $1 coins, or announcing the exciting four new 2009 Lincoln penny design images, the reality is Americans dislike to receive or use these coins more than any other pocket change. And how a coin looks or feels is mostly inconsequential to anyone but collectors. But it goes beyond the penny and dollar $1 coin, as the outlook for every circulating coin further declines.

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Gold Up Slightly, Attention on U.S. Bailout Plan

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New York gold prices inched slightly higher Wednesday, as the markets watched the financial debate and waited for any Washington movement on the U.S....

Star-Spangled Banner Silver Dollar Sees Light in Senate

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A Senate bill casts new light on a proposal to commemorate the bicentennial of the 'Star-Spangled Banner' with a silver dollar. Maryland Senators Cardin...

Spectrum Launches World Currency Division

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(Irvine, California) -- Spectrum Numismatics International of Irvine, California again is expanding its operations with the opening of a World Currency Division. ...

Gold Moves Down, as Dollar Gains and Oil Retreats

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New York silver, gold and platinum futures fell Tuesday, as the U.S. dollar showed strength and crude dropped following yesterday's monstrous surge. After gaining...

Daily Numismatic Headlines for September 23, 2008

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The following numismatic articles are not written for CoinNews, but we recommend collectors read them for their unusual or interesting content: Tips...

Lincoln Cent Designs for 2009 Pennies Discussed in Press: Video

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The mainstream press picked up and ran with the U.S. Mint's promotion of Lincoln penny images and the new coins to honor the bicentennial...

Nickel Swap for Half-Dime Clarified in Legislation

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Coin Legislation on Capital BuildingCongressman Frank Lucas introduced House Resolution 6942 Thursday that would swap today's Jefferson Nickel with a circulating half-dime of old.

In an article Friday, details were scarce because the Government Printing Office had not yet published the bill's text. That is no longer the case.

H.R. 6942 is officially entitled the '5 cent Restoration Act of 2008.' Interestingly, it is at the top of the brevity scale when it comes to coin legislation with fewer than a dozen sentences. At the bill's core are three lines that state its intent:

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