Coin Collecting News

Thursday
24 July 2008

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{Tag Archives} Coin Dealers

Hobby leads to coin career - 2theadvocate.com

A handful of coins gave Louis Pizzolatto a history lesson, a hobby and his livelihood. Soon after Pizzolatto received a group of coins from his grandparents when he was a child, he started studying the stories behind the coins.

“I like the history part of it,” he said. “That is what got me into it. I went back and did the research. My collecting interest developed from there.”

Pizzolatto’s introduction to coin shops came “in the late ’60s or early ’70s.” He went with his mom to Dorman’s Camera Shop in the Oil Center.

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How Are Record High Gold Prices Affecting Coin Dealers’ Business? - NumisMaster

Rising gold prices has been very profitable for coin dealers, especially those who deal in bullion-priced products as well as collector coins. When gold surpassed its 1980 high of $850 at the beginning of 2008, activity soared. As the rose to more than $1,000 in mid-March, volume rose even more.

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Numismatic News Launches Online Business Directory - NumisMaster

Numismatic News, the complete information source for Coin Collectors, has announced the launch of an online Business Directory.

Available at http://directory.numismaticnews.net, the directory is a valuable resource for anyone interested in the collection and sale of coins.

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Viewpoint: Dealers Can’t Forget Average Collector - NumisMaster

In 1999, I attended the Central States Show in Milwaukee with my husband. It was my first coin show, and I was not impressed.

I remember seeing cases and cases of silver dollars. Silver dollars are beautiful coins so the first few cases were impressive, but after a few tables, I found the displays monotonous. I remember the people behind the table as being at best unfriendly and unreceptive to questions, and at worst downright rude.

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Thieves take over $200,000 in rare coins - CoinNews

A heavy vault door wasn’t enough to stop thieves from stealing more than $200,000 in rare coins from a local Benbrook, Texas coin shop. Neither was steel rebar and 8 inches of concrete.

The theft happened in the middle of the night and it must have taken several hours to complete.

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ICTA helps thwart proposal for CFTC regulation of coin dealers - CoinNews

ICTA recently helped defeat an 11th hour proposal that would have put precious metals dealers under the jurisdiction of the CFTC which may also have led to federal licensing and further regulation of the industry.

In late April, during Senate consideration of the 2008 farm bill (HR 2419), a section was added to reauthorize the Commodity Futures Trading Commission (CFTC) and amend the Commodity Exchange Act (CEA).

The House Agriculture Committee marked up similar legislation, so the two CFTC bills were both being considered by the joint Senate/House Conference Committee that would recommend the final bill.

Entire article: ICTA Helps Thwart Proposal for CFTC Regulation of Coin Dealers - CoinNews

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