Where in Nagpur can I find a shop for Numismatics albums (Coin albums)?
Putting Your Wealth In Numismatic Paper Money
This is another one of my wealth perservation alternative videos. In this one, I talk about the investment/wealth perservation class known as numismatics. Also check out my “Physical Silver Is Money -End The Paper Ponzi” video as well as my “Physical Copper/Nickel Is ALSO Money – End The Paper Ponzi” video.
New Authorization Rules for Commemorative Coinage
Chaired by Representative Barney Frank, D-Mass, the 70-member House Financial Services Committee has adopted new rules that will make it significantly harder to authorize new commemorative coins and Congressional Gold Medals.
The House of Representatives, and its committees, routinely sets new rules to determine how it will operate. This particular change is intended to prevent multiple random proposals from overwhelming members of Congress. Instead the rules will allow a declaration of "Out of Order" on any commemorative coin or Congressional Gold Medal suggestion that does not meet the criteria that was pre-defined and accepted by the entire committee.
Rule #1 states "It shall not be in order for the Subcommittee on Domestic Monetary Policy and Technology to hold a hearing on any commemorative medal or commemorative coin legislation unless the legislation is cosponsored by at least two-thirds of the members of the House."
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Read the rest of New Authorization Rules for Commemorative Coinage (430 words)
© Darrin Lee Unser for Coin News, 2009. |
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New Multi-Lens Collector’s Box from US Mint
The US Mint on Thursday at noon ET will begin offering a newly designed Multi-Lens Collector’s Box for $16.95, plus $4.95 for shipping and handling.
The product is advertised as a "one-size-fits-all storage solution" that is customizable with movable dividers and will hold old and new US Mint silver and clad sets.
To date, the Mint has offered non adjustable boxes that could hold either one-, two-, or three-lens sets. (Lenses are the rectangle plastic coin holders in sets.) Recently, however, changes in coinage laws and the inflexible nature of the boxes have caused frustrations for collector.
As an example, the two-lens collector’s box worked perfectly to hold several years of proof sets. That is, until Congress passed the law which brought about the Presidential $1 coins in 2007. That threw an unexpected kink into the works. Specifically, the collector’s box to hold proof sets containing all 10 years of the state quarters no longer worked as intended. The Presidential dollars added another lens to proof sets, and they would not fit into the box.
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Read the rest of New Multi-Lens Collector’s Box from US Mint (223 words)
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Gold Drops Below $900, Platinum and Silver Plunge
For the second straight day, precious metals declined. Gold dropped below $900 an ounce, platinum headed downward toward $1,100 and silver lost its luster. U.S. stocks and oil futures were down for day two as well, but suffered only modest losses. Global concern over swine flu was again cited as a confidence buster for markets.
In New York trading futures for bullion:
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Silver for May delivery plunged 55.5 cents, or 4.3 percent, to $12.40 an ounce.
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Gold for June fell $14.60, or 1.6 percent, to $893.60 an ounce.
- July platinum lost $48.70, or 4.2 percent, to $1,101.60 an ounce.
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Read the rest of Gold Drops Below $900, Platinum and Silver Plunge (304 words)
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2009 Silver Eagle Bullion Coins Scorching Hot
Sales of 2009 Silver Eagle Bullion Coins are blistering hot, with an incredible record-breaking pace of 9.64 million sold through Monday, April 27, according to the latest US Mint sales stats.
Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*
*Total for April shows reported US Mint sales up through April 27.
More silver eagles have been sold during February, March and even an unfinished April than any corresponding month since the American Eagle series was launched in 1986. What happened in January 2009? It was a great month for the eagles as well, coming in second place behind the record sales in January 2008.
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Read the rest of 2009 Silver Eagle Bullion Coins Scorching Hot (341 words)
© Mike Unser for Coin News, 2009. |
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Numismatic News Headlines – Apr 28
Four numismatic news or coin blog articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend coin collectors read them for their unusual or interesting content. Here are today’s articles:
Understanding the Gold Shortage at the US Mint
Scott Barman | Coin Collector’s Blog
Last year, the US Mint has been under a lot of scrutiny for how they handled gold bullion sales. I tried to find any positive story for the US Mint’s handling of bullion coins. Regardless of the search string I fed into several search websites, I did not find any positive article. Even though the US Mint continues to have problems supplying bullion to the market, I began to wonder if there was a deeper reason that may explain the situation…
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Read the rest of Numismatic News Headlines – Apr 28 (254 words)
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Extreme Rarities in the Greatest Collection of U.S. Silver Coins to be Auctioned in More Than a Decade
April 29, 2009 by admin
Filed under US Coin news
By Greg Reynolds for CoinLink
On April 29th and 30th, in Cincinnati, Heritage will auction the collection of “Joseph C. Thomas,” which features U.S. copper, nickel and silver coins, from the 1790s to the mid 20th century. As far as I know, the Thomas collection does not contain any gold coins. In terms of depth and quality, it is the best collection of U.S. silver coins to be sold at public auction since John J. Pittman’s U.S. coins were auctioned in October 1997 and May 1998. Thomas’s copper and nickel coins are also exemplary. Although a large number of Thomas’ 19th century coins are PCGS or NGC graded from 66 to 68, the focus here will be on extremely rare coins, not supergrade coins. As the Thomas collection will be sold, without reserves, the results will provide much information regarding current markets for rare and/or high quality, classic U.S. coins
If U.S. silver coins are analytically distinguished form entire collections, Joseph C. Thomas was certainly on his way towards assembling a collection that could have rivaled those of Eliasberg, Pittman, James A. Stack and the Norweb family. Many (or all?) of his coins were acquired over the past six years. If Thomas had continued collecting for five to seven more years, in the same manner he was acquiring coins during the period from 2004 to 2008, his collection could have become one of the fifteen finest of all time, in terms of U.S. copper, nickel and silver coins. As it is, his collection will become a significant factor in the history of coin collecting in the United States.
I do not know why Thomas stopped, or why he chose April 2009 as a time to sell. Moreover, “Joseph C. Thomas” may not be his real name. As it is the name that he has chosen for his coin collection, and because I never mention a collector’s unpublished name without his permission, it is the name that I will use when referring to this epic collection.
The Joseph C. Thomas collection will be best remembered for U.S. silver coins. The focus here is on U.S. silver coins that are extremely rare. It is true, however, that most of the excellent silver coins in the Thomas collection are not extremely rare. (more…)
In numismatics, what is meant by ‘fido’?
I think it either includes or is exclusive to paper money but I don't know what the word means.
Silver Advances, Gold and Platinum Decline
Many sources proffered concerns over swine flu, as a catalyst for markets moving Monday as they did. For specific trends, gold stepped slightly back from a three-week high, platinum declined heavily, oil sank, and U.S. stocks slipped. In contrast, silver shined.
In New York trading futures for bullion:
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Silver for May delivery rose 3.5 cents, or 0.3 percent, to $12.955 an ounce.
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Gold for June fell $5.90, or 0.6 percent, to $908.20 an ounce.
- July platinum lost $33.70, or 2.8 percent, to $1,150.30 an ounce.
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Read the rest of Silver Advances, Gold and Platinum Decline (270 words)
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