Monday, 29 September 2014

Fort Moultrie To Be Featured On Coin!

SULLIVAN'S ISLAND - Fort Moultrie is about to be made of something richer than any other park in South Carolina. 

An image from the history of the iconic national park at the tip of Charleston harbor will be minted onto quarter coins in 2016. As a bonus, a number of "investment coins" will be minted, three-inch discs of fine silver. Those coins now sell for about $225 each.


      The Design Rendering Of Sgt William Jasper To Be Featured On Some Quarter Coins In 2016

Sgt. William Jasper waving the Palmetto flag was picked by a U.S. Mint citizens committee earlier this week. Gary Marks, committee chairman, called it a depiction of an iconic moment in the classic 1776 Revolutionary War victory that immortalized the fort.

"We felt it was a heroic rendering of Sgt. Jasper," said Marks, a Lebanon, Ore., medallic artist.

"It's a great recognition, and 2016 will be the centennial celebration of the National Park Service," said Park Superintendent Tim Stone. "Sometimes Fort Moultrie gets in the shadows of Fort Sumter. But a whole lot of history took place here."

The Fort Moultrie coins will be among five national park or site designs issued for 2016 as part of the America the Beautiful series started in 2010. All told, 56 America the Beautiful designs will be issued, one from each state or territory. The designs appear on the reverse side of the coin; the obverse side still depicts George Washington.

In that furious 1776 battle, nine British warships pounded the fort for more than nine hours trying to seize Charleston, the largest town and maybe the most significant seaport south of Philadelphia. Among them, the ships stacked nearly 300 cannons and touched off some 32,000 pounds of gunpowder in the fight.

The fort, not yet even fully built, had only 30 guns. But it also had two walls of spongy palmetto logs with a 16-foot-wide packing of sand between them. Cannonballs bounced off.

In an attempt to humiliate and demoralize the Patriots, the British shot down their flag - a dishonor, because striking the colors was a sign of surrender. 

The intrepid Sgt. Jasper leaped the walls, grabbed the flag out of a ditch in the sand, defiantly waved it at the British and jammed it back up on a ramming staff.

The battle took place just as the founders gathered in Philadelphia to debate and eventually sign the Declaration of Independence, and the victory likely boosted the confidence of the signers.

Col. William Moultrie, the fort commander, designed the flag, which featured the distinctive crescent "moon" now a part of the state flag. But the "moon" might actually have been the silver crescent emblem worn by the 2nd South Carolina Regiment that defended the fort. It's still debated.

Fort Moultrie was chosen as the site to be depicted by then-governor Mark Sanford, a Sullivan's Island resident at the time. Marks said he expected final approval of the design to be made before the end of the year.

Friday, 26 September 2014

Collecting Old Chinese Silver Coins Can Be Daunting!

Collecting old Chinese silver coins can be a daunting task. There are so many counterfeits out there that the values of professionally graded and slabbed coins are being driven through the roof.

Collectors are afraid of buying a pig in a poke, so to speak, and would rather pay up for a graded, genuine specimen than risk a smaller sum of money and perhaps end up with a fake coin. 

 China Yunnan Province 7 Mace 2 Candareens (Dollar) 1908

7 mace, 2 candareens in the Chinese weight system is equal to the amount of silver used in one dollar of the time. The denomination was designed with this in mind, and the coins are listed as dollars in some catalogs. 

Genuine coins weigh 26.8 grams and measure 39 mm in diameter. They are struck in 0.900 pure silver, not sterling, which is 0.925. The Chinese inscriptions read 'Yün-nan Sheng Tsao' and 'Kuang-hsü Yüan-pao'. Kuang-hsü was the ruler at the time.

Worn: $50 US dollars approximate catalog value
Average circulated: $250
Well preserved: $600
Fully uncirculated: $3000

The coin in our picture comes from Stack's Bowers and Ponterio where it sold for $1200 US dollars in a 2014 auction. CoinQuest thanks Stack's Bowers and Ponterio for use of their coin image. I like the toning!

There are so many counterfeits of these (and similar) coins on the market that one must take extreme care when dealing with these coins. Only buy from dealers you know and trust.

 Ebay is not a good source for these coins. See for example this entry on ForgeryNetwork which shows a counterfeit 7 mace 2 candareens struck in real silver.

Damaged coins will be worth much less than the values noted above. Please visit our Important Terminology page found at the top left in order to properly interpret these catalog values.

Wednesday, 24 September 2014

Fall Of The Berlin Wall Silver Coin Issued By The Republic of Palau!

The Fall of the Berlin Wall in 1989 marked the beginning of the German Reunification. The decisive factor enabling the reunification was the support of the Soviet Union’s head of state. 25 years later, the historic event is remembered on this Palauan coin. 

Fall Of The Berlin Wall Silver Coin Issued By The Republic Of Palau

It’s been designed by Coin Invest Trust with brand new 3D laser technology to produce a latent image on the coin surface. From different angles, the Fall of the Berlin Wall Silver Coin renders visible the two major protagonists from 1989: Helmut Kohl and Mikhail Gorbachev.

The Fall of the Berlin Wall in 1989 belongs into the category of historical events whose significance can never be overrated. 

It was the turning point at which the Cold War ended and the reunification of the two German states began. Two men were the driving forces behind the developments. German Chancellor Helmut Kohl and General Secretary of the Communist Party of the Soviet Union, Mikhail Gorbachev.

Since 1985, Gorbachev had been reforming the communist Eastern states under the slogan of «Glasnost» (transparency) and «Perestrojka» (reorganisation). 

By granting the Eastern Bloc greater autonomy, he signalled the West that he was welcoming change. Helmut Kohl, who was hoping for a reunification like so many other German politicians, was able to turn these signals into concrete concessions for a reunified Germany. 

Unlike in 1953, the peaceful demonstrations of discontent citizens were not put down violently. Instead, the two statesmen advanced the reunification of FRG and GDR and in this context emerged Kohl’s ten-point agenda, which he presented during a speech to the German Bundestag in 1989.

In 1990, Gorbachev was awarded the Nobel Peace Prize for his active involvement in promoting the reunification. He in turn nominated Helmut Kohl for this distinction in 2007.

The Fall of the Berlin Wall, as a united effort of both these men, is vividly captured on this commemorative coin thanks to technological sophistication: both portraits are united in one latent image, which, from different angles, shows Mikhail Gorbachev and Helmut Kohl individually.

Monday, 22 September 2014

Anglo-Saxon Coin Made in Derby Could Fetch A Pretty Penny!

A RARE coin made in Derby nearly 1,000 years ago is set to be sold at auction.

The silver penny, originating from the Anglo-Saxon period, was made in Derby by a moneyer – or coin maker – named Leofwine between 1042 and 1066.


The Anglo Saxon Coin Made In Derby

It was minted during the reign of Edward The Confessor shortly before the Battle of Hastings, making it a sought-after piece by collectors.

The rare coin is expected to sell for between £800 and £1,200 when it is auctioned at Spink & Son in Bloomsbury, London, on Monday.

Jon Mann, a coin specialist at the auctioneers, said: “Derby is rare as an Anglo-Saxon mint, though does turn up from time to time. It does seem to be well sought-after by collectors and thus makes a premium.

“As well as being a rare mint, this piece was struck under Edward the Confessor, whose reign is more widely collected than say Aethelred or Cnut. The latter are more prolific. In addition, this piece has a particularly well-struck bust and a sought-after origin.”

The coin is listed by Spinks as being in very fine, in a pleasantly-toned condition, and has clear markings.

Mr Mann said: “It features a crowned bust of Edward the Confessor and his full regal title and on the reverse the mint or moneyer’s name and a cross design known as a hammer cross.”

The Derby-made coin was owned by the tenth Duke of Argyll until his death in 1949. The duke, nephew of Queen Victoria’s daughter, Princess Louise, thought the coin had been made in Dereham, Norfolk, but experts have now confirmed that it was minted in Derby.

In Anglo-Saxon times the Derby mint was one of 50 or 60 across England. It is impossible to pinpoint an exact location in the city where the coin was made, as several moneyers may have had a licence to make coins in their own workshops.
  
Mr Mann said: “Anglo-Saxon coins were struck by moneyers in burghs, or walled towns. The moneyers were usually wealthy merchants responsible for ensuring the correct weight and fineness of the coins.

“Their names would appear on the coin so it could be traced back. They were made in a workshop using engraved dies to strike the silver blanks placed in between.”

Coins from this time are often found cut in half or quarters they were divided if the monetary value of the product being purchased was less than the face value.

Between 1974 and 1984, ten Anglo-Saxon coins – including a broken half of an Edward The Confessor penny – were found at the Anglo-Saxon monastery at Repton. Nine more coins were found there in 1985-1986, including a cut Edward The Confessor farthing.

Spencer Bailey, Derby Museums collection manager, said: “This coin is not something I am aware of. Most of our archaeological items are donated to us following excavations. We have a number of Anglo-Saxon Derby mint coins on display at the Silk Mill.

“At the Derby Museum and Art Gallery we have further pieces from this time period, including the sarcophagus from the Saxon saint buried at St Alkmund’s Church before that building was 
demolished.”

http://www.derbytelegraph.co.uk/Anglo-Saxon-coin-Derby-fetch-pretty-penny/story-22952948-detail/story.html


Friday, 19 September 2014

2014 Annual Uncirculated Dollar Coin Set Debut Sales!

New United States Mint figures offer opening sales for the 2014 Annual Uncirculated Dollar Coin Set. They were the highest of the week across all Mint products, not just those with silver coins.


2014 United States Mint Annual Uncirculated Dollar Coin Set

From its introduction on Monday, Sept. 8, through to Sunday, Sept. 14, collectors snapped up 12,876. The crown jewel of the set, of course, is the one-ounce 99.9% pure 2014-W Uncirculated American Silver Eagle. 

As a standalone product, the Mint charges $43.95 for it alone, but as part of the set that also has five other $1 coins, the price is $44.95. So the set is actually the better deal. To learn more about it, read this article.

To date, sales for the standalone 2014-W Uncirculated American Silver Eagle total 188,594, which includes the latest weekly increase of 628. It has been on the market since April 10.

In other product sales, the 2014 Silver Proof Set hit another milestone. The number of sets ordered by Sunday broke the 300,000 threshold when 3,906 more were purchased. Its newest total is 302,573. Sales of last year’s set ended in February at 419,719.

In the table below are the latest sales stats for collector coins and related silver products from the US Mint. Sunday, September 14, is the as of date.

Wednesday, 17 September 2014

The U.S. Mint Releases Great Sand Dunes, 5 Ounce Silver Coin!

At noon Eastern today (Sept 15-2014), the United States Mint will accept orders for the 2014 America the Beautiful Five Ounce Silver Un-circulated Coin – Great Sand Dunes National Park.

Great Sand Dunes - 5 Ounce Silver Coin - 2014

The U.S. Mint to Release Great Sand Dunes 5 Ounce Silver Coin TodayThe five ounce .999 silver coin is being issued at $154.95. 

At the current spot price of $18.62 per ounce, the bullion coin has a precious metals value of $93.10. The coin has a face value of a quarter.

The U.S. Mint has set a maximum mintage for this coin is 30,000 units.

America the Beautiful Five Ounce Silver Un-circulated Coins are struck in .999 fine silver and display the “P” mint mark indicating production at the United States Mint at Philadelphia.  

Each coin is enclosed in a protective plastic capsule and placed in an attractive presentation case.  A certificate of authenticity is included.

Orders for the coin can be placed on the Mint’s website and by calling 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT.  A fee of $4.95 will be added to all domestic orders for shipping and handling.

http://www.coinweek.com/modern-coins/the-u-s-mint-to-release-great-sand-dunes-5-ounce-coin-today/ 

Monday, 15 September 2014

Mughal-Era Silver Coins Discovered In Kanpur!

At least 61 Mughal-era coins were discovered in Kanpur in the area situated on the bank of River Ganga, as per news reports on Saturday.

                                  Mughal Era Coins From The Cantonment Area In Kanpur

The pot of coins was found by the children who were playing in the area and spotted the coins while digging.

The coins have inscription in Arabian and Persian and likely date back to the Mughal era.

As the word spread around, people rushed to the area and started looking for buried treasure.

Army and police were called and have cordoned off the area and the coins are now in their possession.

Major Chandra Prakash Badola said, “We have recovered silver coins from the spot and the area has been cordoned off.”