Thursday, August 11, 2016

NGC Offers $10,000 for Breast Cancer Coin Design Winner

Numismatic Guaranty Corporation® (NGC®) has announced that it will give $10,000 to the winner of the US Mint’s Breast Cancer Awareness Commemorative Coin Public Design Competition if he or she agrees to individually hand-sign NGC labels.

Breast Cancer coin

This $10,000 bonus doubles the $10,000 prize that will be given by the US Mint to the person whose design is selected. Information on the US Mint Public Design Competition can be found at US Mint launches Breast Cancer Coin Design Competition.

The Breast Cancer Awareness Commemorative Coin Program calls for a clad half dollar, a silver dollar and, for the first time in US Mint history, a “pink gold” five dollar. The three denominations will be issued in 2018 with surcharges included in the price that will benefit the Breast Cancer Research Foundation.

NGC launched its Signature Labels program in 2013 to give collectors the opportunity to own a unique and attractive collectible encapsulated with an NGC label hand-signed by an important hobby figure. The program now includes such well-known signers at Elizabeth Jones, the 11th US Mint Chief Engraver; John Mercanti, the 12th US Mint Chief Engraver; Edmund C. Moy, the 38th US Mint Director; and the Gov. Hon. Mike Castle, “The Coinage Congressman.”

The $10,000 bonus will be given if the design competition’s winner agrees to sign at least 5,000 labels exclusively for NGC. Additional signatures may be negotiated between NGC and the winner.

“NGC is always looking to find ways to attract new collectors and make the hobby more interesting,” says Mark Salzberg, chairman of NGC. “Pairing labels hand-signed by the designer with these commemorative coins creates a particularly special collectible.”

For more information, contact NGC Customer Service at service@NGCcoin.com or 1-800-NGC-COIN (642-2646).

Source: NGC
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Two rare penny sold for $869,500

Two rare penny sold for a combined total of $869,500 at ANA U.S. Coins Signature Auction by Heritage Auction  in Anaheim, California.

The copper coins, both dating to 1792; one of them, known as the "Birch Cent," sold for $517,000. The other, known as the "Silver Center Cent," went for $352,500.

rare penny

Eric Bradley, spokesman for Heritage Auctions, said that while the sales fell somewhat short of the combined $1 million the auction house projected they would go for, organizers are still pleased with the result.

"We're looking at two coins that sold for more than 43 million times their face value," Bradley said, 

"so you can't be disappointed in that."

It wasn't clear why one coin proved more valuable than the other, the market just responded differently to the two, Bradley said.

The names of the buyers have not been released and they may choose to stay anonymous.

The coins have historical significance that goes beyond their collectible value, representing "the transition in American history from the colonies to a new republic," Bradley said.

"These are coins that were developed and thought up by the Founding Fathers who were trying to differentiate themselves from British coinage and British rule," he said.

The words "Liberty Parent of Science & Industry," which are engraved on both coins, also show how the United States was trying to distance itself from the religious persecution and monarchy it associated with Britain, Bradley said.

The origin of the Silver Center Cent was also referenced in a letter from Thomas Jefferson to George Washington, and it is among the very first coins ever struck by the U.S. Mint in Philadelphia, Bradley added.

According to the auction house, the coin went missing before eventually being discovered in an English pub in the 1960s. The man who discovered it, Nigel Willmott, kept hold of it until 1997, when he eventually auctioned it off for 28,750 British pounds, Bradley said.

The penny's name derives from the fact that it was produced with a small insertion of silver at its center, a feature which made its intrinsic value equal to its face value. It is one of about a dozen surviving coins known to exist with this insertion, Bradley said.

Source: Associated Press.
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Wednesday, August 10, 2016

When Sa-Ribu Ringgit banknote issued by BNM?

Do you know, when is Malaysia $1,000 Ringgit banknote issued by Bank Negara Malaysia for the 1st time? The 1st series Sa-Ribu Ringgit is one of the scarce item in Malaysia numismatic market. The market price for a high grade Sa-Ribu note allows you to buy imported cars in cash.

Sa-Ribu Ringgit

The Sa-Ribu Ringgit banknote released to the public by Bank Negara on Monday 2nd September 1968, a year after the ringgit was introduced on 12 June 1967.

I get the information from The Straits Times newspaper dated 30 August 1968. Here are the full article from the news about the Sa-Ribu Ringgit banknote:

"$1,000 note— out on Monday:
A THOUSAND of these notes-tobe issued by Bank Negara on Monday-will make you a millionaire. The $1,000 note is violet and greyish green in colour and measures six and - a - three - quarter inches by four inches.
It has on the right-hand side a portrait of the first Yang di-Pertuan Agong, Tuanku Abdul Rahman ibni Al-Marhum Tuanku Muhammad. On the left there is a watermark of a tiger's head.
The metallic security thread, which appears vertically on each note, is sited slightly to the right of the note's centre when viewed from the front. The back of the note features a view of Parliament House. On the top left-hand corner there is the Bank Negara Malaysia crest and intricate multi-coloured geometrical pattern.
The note bears the signature of the Governor of Bank Negara, Tan Sri Ismail Ali.
The $1,000 notes will be issued from the branch offices of Bank Negara Malaysia at Kuala Lumpur, Penang, Johore Bharu, Kota Kinabalu and Kuching, and at the offices of commercial banks in these centres.
They will be available at all banks throughout the country shortly afterwards.
A Bank Negara spokeman today said the new notes circulating in the country on August 15 amounted to $744,807,047."
Source: $1,000 note— out on Monday, The Straits Times, 30 August 1968.

Next year, Bank Negara Merdeka plan to release 60 years Merdeka banknote and it might break a new record in numismatic. Will you plan to buy the 60 years Merdeka commemorative banknote?

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Monday, August 8, 2016

Real $100,000 bills at 2016 World’s Fair of Money®

An original $100,000 bills will be on display at the family-friendly 2016 World’s Fair of Money® in the Anaheim Convention Center, August 9 – 13, 2016. The United States Treasury Department Bureau of Engraving and Printing exhibits its eye-opening "Billion Dollar Showcase" that includes colorful $100,000 currency notes, the highest denomination paper money ever produced by the U.S.

$100,000

“This will be a once-in-a-lifetime opportunity for many Southern California residents to see in person more than $1 billion of extraordinary numismatic national treasures including one of the five known 1913 Liberty Head nickels valued at $3 million and the impressive U.S. Treasury Department Bureau of Engraving and Printing ‘Billion Dollar Display’ that includes $100,000 bills,” said American Numismatic Association President Jeff Garrett.

Nickel

"The United States Mint will be displaying the rare, experimental Lincoln cent made of aluminum in 1974 at the Denver Mint. This is the coin's first public appearance since it was returned to the Treasury Department earlier this year," Garrett said.

Another eye-opening exhibit will be the first public display of an $8 million dollar set of U.S. $20 denomination “Double Eagle” gold coins struck between 1850 and 1866. Many of the 46 coins in this set were made from California Gold Rush ore, and a dozen were recovered from famous shipwrecks including the 1857 sinking of the fabled “ship of gold,” the SS Central America. This exhibit is courtesy of Monaco Rare Coins of Newport Beach, California and an anonymous collector who owns the remarkable coins.

“Other exhibits include examples of ancient Greek coins commemorating the early Olympic games of that era; a fabled 1804-dated silver dollar known as ‘The King of United States coins’ and valued at $4 million; and vintage 19th century California bank notes,” said Douglas Mudd, Curator of the American Numismatic Association Money Museum in Colorado. The museum is bringing some of its items for display in Anaheim.

"Money is history you can hold in your hands. Every coin and every piece of paper money ever made has a story to tell about people, places or events," said ANA President Garrett. “The public can see, buy or sell items ranging in value from less than a dollar to more than a million dollars each.”

Dealers from around the world will be buying and selling rare coins, paper money and gold and silver during the show. There also will be educational seminars and a children's treasure trivia game.

Informative, introductory half-hour programs on how to begin collecting will be offered to the public at 10 am and 2 pm on Wednesday, Thursday and Friday, August 10, 11 and 12. There will be a two-hour “Coin Collecting Basics” class starting at noon on Saturday, August 13.

The show is co-hosted by the Numismatic Association of Southern California and the Long Beach Coin Club. For additional information, visit the American Numismatic Association 2016 World’s Fair of Money website, http://www.WorldsFairOfMoney.com, or call (719) 482-9867.
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Friday, August 5, 2016

Lithuania criticize Russia for the new 5 rubles

The Lithuanian Foreign Ministry criticizing Russia for the issue of the new 5 rubles coin dedicated to the liberation of Vilnius in 1944. On 1 August 2016, Bank of Russia issues commemorative coins including fourteen non-precious metal coin series called "Foreign Capitals Liberated by Soviet Troops from German Nazi Invaders".

new 5 rubles

The political director of the ministry, Rolandas Kačinskas told BNS news agency, such a move confirms that Russia has not accepted the “historical truth about the Soviet occupation of Baltics.”

The commemorative silver coin depicts a now-disassembled monument to the soldier-liberators of Vilnius. The coin also has the inscription “Vilnius” and “13 Jul 1944,” the day when the Soviet army liberated the city from Nazi troops. According to Kačinskas, the date on the coin represents the day the Nazi occupation of the country was replaced by the Soviet occupation. “The issue of coins only confirms that Russia is not yet ready for the historical truth about the Soviet occupation,” Kačinskas stated.

The monument on the Green Bridge in Vilnius was removed in July 2015. The authorities explained the decision by declaring that the sculpture was in a state of disrepair. Before that, there was a plaque about the Soviet occupation near the monument.

On 1 August 2016, the Bank of Russia issues 14 coins of non-precious metals in denomination of 5 rubles each within the series called ‘Capital cities liberated by the Soviet troops from the Nazis’.

Nazi cities

The reverse side of the coins bears the following relief images:
  • sculpture of the memorial complex ‘Monument-museum to the liberators of Kiev’ in Kiev with «6 НОЯБРЯ 1943 г.» (6 NOVEMBER 1943) inscription at the bottom;
  • part of the memorial ‘Mount of Glory’ in the Smolevichi District of the Minsk Region with «3 ИЮЛЯ 1944 г.» (3 JULY 1944) inscription at the bottom;;
  • monument to soldiers-liberators in the city of Vilnius with «13 ИЮЛЯ 1944 г.» (13 JULY 1944) inscription at the bottom;
  • part of the Memorial of martial glory in the city of Chisinau with «24 АВГУСТА 1944 г.» (24 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Bucharest with «31 АВГУСТА 1944 г.» (31 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Tallinn with «22 СЕНТЯБРЯ 1944 г.» (22 SEPTEMBER 1944) inscription at the bottom;
  • monument to ‘Liberators of Riga’ in Riga with «15 ОКТЯБРЯ 1944 г.» (15 OCTOBER 1944) inscription at the bottom;
  • part of the monument to soldiers-liberators in Belgrade with «20 ОКТЯБРЯ 1944 г.» (20 OCTOBER 1944) insciption at the bottom;
  • statuary in the cemetery-mausoleum of the Soviet soldiers in Warsaw with «17 ЯНВАРЯ 1945 г.» (17 JANUARY 1945) inscription at the bottom;
  • monument to soldiers-liberators in Budapest with «13 ФЕВРАЛЯ 1945 г.» (13 FEBRUARY 1945) inscription at the bottom;
  • parts of the Monument-mausoleum to the Russian soldiers perished in Bratislava with «4 АПРЕЛЯ 1945 г.» (4 APRIL 1945) inscription at the bottom;
  • monument to the Soviet soldiers in Vienna with «13 АПРЕЛЯ 1945 г.» (13 APRIL 1945) inscription at the bottom;
  • monument to the soldier-liberator in Berlin with «2 МАЯ 1945 г.» (2 MAY 1945) inscription at the bottom;
  • sculpture of the memorial to the Soviet soldiers in Prague with «9 МАЯ 1945 г.» (9 MAY 1945) inscription at the bottom.

The coins are issued within the emission programme with mintage of every type of coins being 2 million pieces.

Russia Central Bank has responded to the criticism by the Lithuanian foreign Ministry on the issue of Russian commemorative coins with the image of Vilnius.

"Any geopolitical changes that have occurred since the end of world war II, I can not put into question the undoubted importance of the victory over fascism for the peoples of Europe and the world. And this victory is dedicated to a series of memorable coins of Bank of Russia", — told RBC in the Central Bank.

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