From the category archives:
The national trade association for rare coin, currency, and precious metals dealers is sounding alarm bells for dealers, saying Washington lawmakers are considering legislation that would add regulatory burden to the coin and metals industy and encumber local deaers in the area and across the nation. The additional regulation proposal relates to ...
Full Article: Government regulation could inhibit physical possession of metals - Examiner.com
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Jeffery Morin's memorabilia business in Stafford probably isn't the next Google or eBay, but I love the 27-year-old's story because it's about a regular guy who saw an online opportunity and went for it.
Morin was noodling around on eBay, the auction Web site, seven years ago while serving in the U.S. Marine Corps aboard the amphibious assault ship USS Wasp in the middle of the Red Sea. He stumbled across some people selling old military memorabilia coins, about the size of a silver dollar, called "challenge coins." Challenge coins are collectibles ...
Full Article: Collectible coins grows into a $5 million mini-empire - The Washington Post
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Spectrum Numismatics International, Inc., one of the world’s largest rare coin and currency dealers, announced today that it has hired Richard Melamed as their Senior Numismatist.
"Richard Melamed is one of the most respected numismatists in the industry. During his 36-year career, Melamed has done everything from running his own coin business to grading for Professional Coin Grading Service, to working for the largest names ..."
Full Article: Spectrum Numismatics Names New Senior Numismatist - CoinNews
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What's the story behind J & J Coins and your work there? "The business started in October 1963. At that time, it was my father (Jess Hoogeveen, the current owner) and his brother, Jake Hoogeveen. Jake got out of the business in 1968. That's where the 'J & J' comes from. I've been working here on and off since I was 10 years old. It's something that I grew up in. I became a graduate gemologist ...
Full Article: Coin expert finds job 'super fun' - Post Tribune
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Experts in the tight-knit world of high-end coins and currency say there’s a lesson to be learned from the Sunday evening heist of thousands of rare coins in Montville: Never leave your goods unattended for a second.
In the world of rare coins, where dealers are viewed by thieves as easy marks, the only way to prevent thefts is to avoid any stops en route to a destination, they say.
“Believe me, dealers in the business will take another look at what they do,” Westchester, N.Y., coin dealer Jon Lerner said yesterday. “I think dealers will learn from the mistake.” ...
Full Article: Coin dealers reassessing security in wake of Montville heist - NJ.com
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I had an interesting experience at the Long Beach show that I thought was worth sharing.
A new-to-the-market collector/investor came up to my table and asked to see my “best coins.” I was happy to share them with him and pulled out a gorgeous 1802 quarter eagle in PCGS AU58 and a lovely 1798/7 eagle in PCGS AU55. After some back-and-forth negotiating, I could see this deal was not ...
Full Article: The “Deal Shopping” Mentality and Rare Coin Prices - RareGoldCoins.com
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Whoever coined the phrase take a penny leave a penny, doesn’t know Bob Bruce. Owner of two of the biggest coin shops in the Gulf Coast area, this coin collector and previous law enforcement office knows how to catch thieves red handed.
Bruce was recently awarded the Sol Kaplan Award from the Professional Numismatists Guild for recovering more than $100,000 worth of valued coins. This led to a further investigation, which helped recover over $2 million worth of coins ...
Full Article: Local coin shop owner awarded - Santa Rosa Press Gazette
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I first thought about writing this last week and when the question of “what are my expectations for the September Long Beach show?” popped into my mind, the immediate answer was short and sweet: “Expectations? I have no expectations.”
But that was before gold made its inexorable sprint towards $1,000. Suddenly, the no-go coin show might grow some legs.
Do I think that $1,000 gold is going to bring a stampede ...
Full Article: My Expectations For The Coming Long Beach Show - RareGoldCoins.com
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Some of the best things about coins are the stories behind them, and the stories about the individuals who owned or sold the coins.
Recently I was told a true-life story I thought was wonderful. It's about a long-time coin dealer who goes out of his way to make his customer happy.
Years ago, there was a collector at a local Long Beach coin show who was going around and purchasing coins from several dealers...
Full Article: Having a Great Attitude Pays Off in the Coin Market - PCGS
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