Coin Collecting News

Thursday
24 July 2008

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{Tag Archives} Pennies

‘Find a penny, pick it up’ pays off - Mercury News

Today, I’ve got a nifty story to share. It’s something that could, with a bit of luck, happen to any of us.

Not long ago, a Gilroy woman found what she thought was the kind of token her grandchildren might use to play a video game at an arcade. She spied the copper-colored object in the parking lot of a supermarket.

Without much thought, she tucked it into her purse, where it stayed for several days. Once she had the chance to examine it, she realized she had something more.

Entire article: ‘Find a penny, pick it up’ pays off - Mercury News

Filed in: U.S. Coins, Uncategorized

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Collectors Not Focused on Saving 1909-S - NumisMaster

It is hard to be objective when it comes to the 1909-S Lincoln cent. It is either an awfully good coin or a very distant third in the best coins of that year. These two conflicting views help to explain why 1909 was such an interesting year for cent collectors.

Virtually all of the nation’s coin collectors in 1909 had only ever known the Indian Head cent, which had been around since 1859. The change to the Lincoln cent did not take place immediately in 1909.

Entire article: Collectors Not Focused on Saving 1909-S - NumisMaster

Filed in: NumisMaster, U.S. Coins

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Unique, unrecorded 1863 Penny sold for a record £17,500 - Tennants Auctioneers

In a sale totalling £176,000, lot 190, a unique and unrecorded 1863 English Penny with a die number 5 below the date, was sold in Tennants Auctioneers specialist Coin Sale in Leyburn, North Yorkshire on Wednesday, 21st May 2008 for a record £17,500 plus buyers premium.  It was sold to a private collector from Scotland.

In the early 1860’s the Mint introduced numbering dies on a number of coins, although the purpose of this remains unclear. Die numbers 2, 3 and 4 have already been recorded by Michael Freeman in ‘The Bronze Coinage of Britain’ and Michael Gouby in ‘The British Bronze Penny’, however a penny with a number 5 die number has so far not been recorded.

This coin had been inspected by Royal Mint authorities including the Chief Engraver, who shared the view that the figure beneath the date was indeed a 5, thus making this find numismatically important.

Entire press release:  Unique, unrecorded 1863 Penny sold for a record £17,500 - Tennants Auctioneers

Filed in: British Coins, Coin Auctions, Coin Press Releases, World Coins

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Steel cent proposal wins in House vote - NumisMaster

Action to preserve the cent as a coin denomination, albeit made of copper-colored steel, to strike a nickel-coated steel five-cent piece and to assure congressional authority in exercising its constitutional responsibilities in deciding how to coin money and regulate the value of it was decisive May 8. That’s when the U.s. House of Representatives unanimously approved the “Coin Modernization and Taxpayer Savings Act of 2008,” H.R. 5512.

Partisan shenanigans the previous two days were forgotten, and both sides of the aisle spoke favorably of a measure that changed substantially since its February introduction as a different bill that was subject to criticism for Congress abdicating the responsibilities that the Founders gave it on coinage matters in Article I, section 8 of the Constitution.

Entire article: Steel Cent Proposal Wins in House Vote - NumisMaster

Filed in: Coin Legislation, NumisMaster

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Current and 2007 costs to mint U.S. coins - CoinNews

One of the pleasant side affects of the Coin Modernization and Taxpayer Savings Act of 2008, which would change the metallic composition of pennies and nickels to steel, is the revelation of current and past costs in minting coins.

Figures of coin production expenses are interesting in themselves, but charting their trends is another reminder of the volatility of metals within coins, like that of copper, zinc and nickel.

Entire article: Current and 2007 Costs to Mint Pennies and Nickels

Filed in: CoinNews, U.S. Coins

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