http://www.freerepublic.com/tag/coins/ en-us Mon, 20 May 2013 20:31:34 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-chat/3021760/posts REMEMBER when you were taught that Australia was discovered by James Cook in 1770 who promptly declared it "terra nullius" and claimed it for the British throne? Turns out that could be completely and utterly wrong. Five copper coins and a nearly 70-year-old map with an "X" might lead to a discovery that could rewrite Australia's history. Australian scientist Ian McIntosh, currently Professor of Anthropology at Indiana University in the US, is planning an expedition in July that has stirred up the archaeological community. The scientist wants to revisit the location where five coins were found in the Northern Territory... News.com.au http://www.freerepublic.com/focus/f-chat/3021760/posts#comment Mon, 20 May 2013 20:31:34 GMT http://www.freerepublic.com/focus/f-chat/3012999/posts Two men became the new proud owners of a rare 1913 Liberty Head nickel, which was hidden in a closet for 41 years after its owners were mistakenly told it was fake. Larry Lee, 63, from Panama City, Fla., and Jeff Garrett, 54, from Lexington, Ky., paid $3,172,500 for the coin from Heritage Auctions in Schaumburg, Ill., on Thursday. “I love rare coins,” Lee told ABCNews.com. ”For anyone connected to coins, this is like a dream come true.” Lee and Garrett bought the coin in partnership. Garrett, who was one of a team of experts brought in to authenticate the... ABC News http://www.freerepublic.com/focus/f-chat/3012999/posts#comment Sat, 27 Apr 2013 05:02:19 GMT http://www.freerepublic.com/focus/f-chat/3012934/posts SCHAUMBURG, Ill. — A rare century-old U.S. nickel that was once mistakenly declared a fake and forgotten about for decades has sold at auction for more than $3.1 million. The 1913 Liberty Head nickel is one of only five known to exist. But it's all the more prized because of its unusual back story: It was surreptitiously and illegally cast, discovered in a car wreck that killed its owner, declared a fake, forgotten in a closet for decades and then declared the real deal. It was offered up for sale Thursday by four Virginia siblings at a rare coin and... WFTV.com http://www.freerepublic.com/focus/f-chat/3012934/posts#comment Sat, 27 Apr 2013 00:49:12 GMT http://www.freerepublic.com/focus/f-chat/3012631/posts anyone have a seller they trust or recommend for buying gold coins? muhself http://www.freerepublic.com/focus/f-chat/3012631/posts#comment Fri, 26 Apr 2013 12:47:16 GMT http://www.freerepublic.com/focus/f-news/3011906/posts The price movement of gold often attracts a great deal of attention. When the precious metal makes a noticeable increase, it regularly leads to perma-bulls calling for the next great explosion. On the other hand, any dips or corrections lead to critics calling for an end to the 12-year bull market. Both sides are debatable, but there is clearly an interest in gold and silver at the U.S. Mint. ~snip~ Due to heavy demand, the U.S. Mint has halted sales of the one-tenth ounce American Gold Eagle, its smallest-denomination gold bullion coin. This is the first time the Mint has... WallStCheatSheat http://www.freerepublic.com/focus/f-news/3011906/posts#comment Wed, 24 Apr 2013 20:11:26 GMT http://www.freerepublic.com/focus/f-news/2996844/posts A joint expedition of scientists led by Chapurukha M. Kusimba of The Field Museum and Sloan R. Williams of the University of Illinois at Chicago has unearthed a 600-year-old Chinese coin on the Kenyan island of Manda that shows trade existed between China and east Africa decades before European explorers set sail and changed the map of the world. The coin, a small disk of copper and silver with a square hole in the center so it could be worn on a belt, is called "Yongle Tongbao" and was issued by Emperor Yongle who reigned from 1403-1425AD during the Ming... Phys.Org http://www.freerepublic.com/focus/f-news/2996844/posts#comment Thu, 14 Mar 2013 18:12:05 GMT http://www.freerepublic.com/focus/f-news/2980052/posts Buying Silver At $100 And The Rebirth Of Counterfeiting Commodities / Gold and Silver 2013January 19,2013 By: Dr Jeff Lewis The debate about buying silver rounds, “junk silver” or silver Eagles goes on and on. Although better prices may be available on silver rounds, investors continue to worry about the “China scare” and rumors of counterfeit silver coins. Also, the confiscation* of fiat money purchasing power via inflation will happen long before counterfeit makes an impact, so getting more metal for the money makes the most sense at this time. *(Confiscation of actual metal is separate issue we cover elsewhere).... TMO http://www.freerepublic.com/focus/f-news/2980052/posts#comment Sun, 20 Jan 2013 14:30:10 GMT http://www.freerepublic.com/focus/f-news/2969591/posts The Department of External and Public Relations of the Bank of Russia informs that on 17 December 2012 in the framework of the monetary program "Sochi 2014" Bank of Russia issues bullion coins dedicated to the XXII Olympic Winter Games 2014 in Sochi: 3 Rubles silver, gold nominal 50 and 100, with the year of issue "2012". Central Bank of Russia http://www.freerepublic.com/focus/f-news/2969591/posts#comment Mon, 17 Dec 2012 18:25:09 GMT http://www.freerepublic.com/focus/f-news/2963497/posts The U.S. is following Canada's footsteps regarding the production of pennies and nickels. According to U.S. Treasury Secretary Tim Giethner, our U.S. Mint intends to remove the penny and nickel coins from circulation beginning early in January 2013. Wealth Wire http://www.freerepublic.com/focus/f-news/2963497/posts#comment Tue, 27 Nov 2012 21:30:24 GMT http://www.freerepublic.com/focus/f-news/2907439/posts Tel Aviv, Israel, Jul 16, 2012 / 04:08 pm (CNA/EWTN News).- Israeli archeologists have found more than one hundred gold coins from the time of the Crusades, when conflict arose between Muslims and Christians over control of the Holy Land. “It is an unusual find. We don’t have much gold from the time of the Crusades,” said Oren Tal, a professor at the University of Tel Aviv who led the investigation. The treasure was found in the ruins of a castle in Arsuf, a strategic bastion during the Crusades of the 12th and 13th centuries. The 108 coins –... cna http://www.freerepublic.com/focus/f-news/2907439/posts#comment Tue, 17 Jul 2012 12:13:53 GMT http://www.freerepublic.com/focus/f-chat/2884266/posts WE ARE HONORED TO HAVE BEEN CHOSEN TO SELL WHAT MAY BE THE "LOST 1870 S THREE DOLLAR GOLD COIN" FROM THE SAN FRANCISCO MINT. THE STORY GOES THAT THE ORIGINAL COIN WAS PLACED AS A CORNER STONE OF THE MINT IN 1870, NOT THERE NOW!!! THE SAME MOLD WAS USED TO MAKE A SECOND COIN HOWEVER THE MOLD WAS DAMAGED DURING THE FIRST STRIKE. THE INFOMATION WE HAVE IS THE SECOND COIN HAS A REPAIRED "S" DONE AT THE MINT. THIS IS POSSIBLY THE COIN WE HAVE FOR AUCTION. THE ONLY OTHER 1870 S THREE DOLLAR GOLD COIN KNOWN... Four Seasons Auction gallery http://www.freerepublic.com/focus/f-chat/2884266/posts#comment Wed, 16 May 2012 05:16:58 GMT http://www.freerepublic.com/focus/f-news/2865901/posts OTTAWA - There may still be pennies from heaven, but they won't be coming from the mint much longer. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation. Thursday's federal budget said the Royal Canadian Mint will strike the last of the little coins this fall. The budget says the cost of minting a penny has risen to 1.6 cents or $11 million a year. Its purchasing power has fallen to a 20th of its original value. Canadian Press http://www.freerepublic.com/focus/f-news/2865901/posts#comment Fri, 30 Mar 2012 13:26:02 GMT http://www.freerepublic.com/focus/f-news/2862953/posts Capitol Hill lawmakers want to change the color of money amid growing concerns about the federal deficit and the constant pressure for Washington to live within its means. The House and Senate each have introduced legislation that would replace the dollar bill with a $1 coin. “Change can be difficult,” Sen. Mike Enzi, R-Wyo., said. “But doing things as we’ve always done has contributed to our debt. We've got to latch on to any reasonable handhold we can find to climb out of this hole.” This is not the first time Washington has considered eliminating the paper dollar, which became... FoxNews.com http://www.freerepublic.com/focus/f-news/2862953/posts#comment Fri, 23 Mar 2012 19:47:05 GMT http://www.freerepublic.com/focus/f-news/2861042/posts The new dollar coin does not have the inscription In God We Trust....is this a first? mint http://www.freerepublic.com/focus/f-news/2861042/posts#comment Mon, 19 Mar 2012 18:47:20 GMT http://www.freerepublic.com/focus/f-news/2852231/posts Switching the fineness of silver in the annual Silver Proof sets and America the Beautiful Quarters Silver Proof set to .999 from the current .900 would produce significant savings in refining and manufacturing costs for the U.S. Mint, according to spokesman Michael White. The move would also open the pool to additional blank vendors, White said. President ObamaÂ’s proposed Fiscal Year 2013 federal budget includes a provision to amend Title 31, Section 5112, so that the dime, quarter dollars and half dollars in the various Silver Proof sets would be required to be composed of no less than 90 percent... Coin World http://www.freerepublic.com/focus/f-news/2852231/posts#comment Wed, 29 Feb 2012 03:19:31 GMT http://www.freerepublic.com/focus/f-chat/2847598/posts The U.S. Mint is facing a problem -- especially during these penny-pinching times. It turns out it costs more to make pennies and nickels than the coins are worth. And because of that, the Obama administration this week asked Congress for permission to change the mix of metal that goes to make pennies and nickels, an expensive recipe that has remained unchanged for more than 30 years. .... Just the administrative cost of minting 4.3 billion pennies costs almost a half-cent per coin by itself, leaving precious little room to make a penny for less than a cent, no matter... Yahoo http://www.freerepublic.com/focus/f-chat/2847598/posts#comment Fri, 17 Feb 2012 01:29:40 GMT http://www.freerepublic.com/focus/f-news/2827064/posts N. Korea to issue gold, silver coins in honor of late leader 2011-12-31 10:37 North Korea said Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong-il's ascension to the supreme commander of the communist nation's armed forces. Pyongyang's Korean Central News Agency made the announcement minutes after Kim's successor son, Jong-un, took over the supreme commandership in a strong sign that the young son, believed to be in his late 20s, is rapidly solidifying power. The commandership is one of the titles that the late leader held before his death on... Korea Herald http://www.freerepublic.com/focus/f-news/2827064/posts#comment Sat, 31 Dec 2011 10:26:00 GMT http://www.freerepublic.com/focus/f-news/2805812/posts Fake Silver and Gold Flood Global Markets; 100,000 Coins From A Single Counterfeiter! Mac Slavo November 10th, 2011 SHTFplan.com Whether it’s pirated software, poison-infused baby formula, cancer-causing drywall, luxury purses, or fake medicines, if you need a knock-off, China has traditionally been the go-to country, with a counterfeiter always willing to oblige. Now, with precious metals prices on the cusp of possibly the biggest price explosion in centuries, fake gold and silver products are becoming a booming industry say Global Piracy & Counterfeiting Consultants: We have read about one Chinese counterfeiter openly bragging about producing 100,000 fake U.S. Silver Dollars... SHTF Plan http://www.freerepublic.com/focus/f-news/2805812/posts#comment Fri, 11 Nov 2011 02:54:23 GMT http://www.freerepublic.com/focus/f-chat/2801728/posts PORTLAND, Ore. -- A woman in Portland said her local grocery store refused to allow her to pay for her shopping cart items with $32 in loose change. The shopper, who was too embarrassed to use her name, said the clerk at the Save-a-Lot store would only accept $5 of the change, claiming it was store policy, KATU reported. The woman told KATU that she tried to use her loose change at another area grocery to buy her family food -- a Fred Meyer store -- but the manager there directed her to a coin exchange machine instead, where the... http://www.freerepublic.com/focus/f-chat/2801728/posts#comment Thu, 3 Nov 2011 00:43:43 GMT http://www.freerepublic.com/focus/f-bloggers/2786663/posts Over at TPM, Ryan Reilly has an intriguing post about the interest of some tea partiers for a new circulating dollar coin because it supposedly will save the federal government money.  This follows a story in the Huffington Post from a week ago about how Rep. David Schweikert (R-AZ) introduced a bill that would eliminate the dollar bill and substitute dollar coins.Here's some very personal and U.S. history about the dollar coin and why this is a terrible idea that is really nothing more than a corporate subsidy.Congress in the late 1990s mandated that the U.S. Mint create a new circulating... Capital Gains And Games http://www.freerepublic.com/focus/f-bloggers/2786663/posts#comment Sun, 2 Oct 2011 12:09:33 GMT http://www.freerepublic.com/focus/f-chat/2785052/posts RENO, NV - The U.S. Mint has temporary suspended the sale of several silver collector coins and sets including the uncirculated American Silver Eagles and the American the Beautiful Five Ounce silver coins. Plummeting silver prices prompted the Mint to initiate several product suspensions on Monday. silverdoctors.blogspot.com http://www.freerepublic.com/focus/f-chat/2785052/posts#comment Wed, 28 Sep 2011 19:39:08 GMT http://www.freerepublic.com/focus/f-news/2781306/posts In a dimly lit underground vault a block from Camden Yards, the Federal Reserve is holding millions of dollars in cash that nobody wants... But a 2005 law requires the reserve bank to keep ordering coins regardless of its stockpile, and so vaults in Baltimore and around the country are filling up. ... a 2008 Harris poll that showed 76 percent of Americans prefer paper money. It costs 30 cents to make a $1 coin, but the Fed purchases it for face value - and the U.S. Treasury pockets the difference. In 2010, the Mint put about 400 million $1... Herald-Review http://www.freerepublic.com/focus/f-news/2781306/posts#comment Wed, 21 Sep 2011 00:17:44 GMT http://www.freerepublic.com/focus/f-bloggers/2770942/posts ...President Obama, who in April 2010 deemed a VAT “something that would be novel for the United States”, announced on Monday his intention to nominate Princeton University’s Alan B. Krueger to head the Council of Economic Advisors. In a 2009 blog post for the New York Times, Krueger wrote: “Why not pass a 5 percent consumption tax to take effect two years from now?” Even when pressed, the Obama White House has never ruled out a VAT. As the timeline below illustrates, those in and around the White House have been flirting with a VAT from the earliest days:December 18,... ATR http://www.freerepublic.com/focus/f-bloggers/2770942/posts#comment Tue, 30 Aug 2011 16:32:36 GMT http://www.freerepublic.com/focus/f-news/2770674/posts The year 2013 might go down in the annals of numismatics as significant as 1933 when gold coinage was suspended or 1965, the year copper-nickel began to displace the former silver coinage. That’s the opinion of Deputy Mint Director Richard Peterson, who has been the top executive at the U.S. Mint since Ed Moy resigned the directorship at the end of last year. He was speaking at his Aug. 19 press conference at the American Numismatic Association’s World’s Fair of Money held in Rosemont, Ill. It will be in 2013 that Peterson will have to go back to Congress with... Numismatic News http://www.freerepublic.com/focus/f-news/2770674/posts#comment Tue, 30 Aug 2011 02:29:33 GMT http://www.freerepublic.com/focus/f-news/2669582/posts Why You Need to Own Nickels, Right NowRobert WenzelSaturday, February 5, 2011 On November 11, 2010, I wrote in the EPJ Daily Alert: Back at the commodity level, copper is the latest to hit a record at $8,966 a ton. Copper is certainly not a "goldbug" play and is simply an indicator of economic (inflationary) demand. At some point, nickels, which are mostly made of copper, will start to disappear from circulation. There's right now 6.2 cents worth of metal in a nickel [Note the value is now up to 7.2 cents.-RW]. When I run into someone that does not... Economic Policy Journal http://www.freerepublic.com/focus/f-news/2669582/posts#comment Mon, 7 Feb 2011 00:25:44 GMT