Welcome to Something About Coins! Congress is evaluating new coin legislation, per the summation in the first article, and ATM's that dispense gold coins are expanding worldwide, according to the reports in the following two articles. A rare Roman Emperor Caligula coin recently found by a metal detector is also hot in the latest coin news. Enjoy!
US Mint to Issue 2010 Proof Eagles, Research Coin Compositions in HR 6162, CoinNews.net
A comprehensive bill introduced in the U.S. House of Representatives would authorize the United States Mint to produce proof gold and silver American Eagles and change the diameter and edge letterings of the upcoming America the Beautiful 5 oz Silver Coins. It would also give the U.S. Mint the authority to research and develop the use of alternative metals for coins, while adding reporting requirements and Congressional oversight. The Coin Modernization, Oversight, and Continuity Act of 2010, numbered H.R. 6162, was ... Click for coin article
'Gold-to-Go' taps into gold fever with ATMs, msnbc.msn.com
German firm plans to introduce machines in the United States this year. A German firm that installs and manages gold vending machines aims to introduce them into the United States this year as it expands rapidly to take advantage of demand for bullion in times of economic uncertainty. Thomas Geissler, creator of the Gold to Go brand and chief executive of Ex Oriente Lux, told Reuters on the sidelines of the London Bullion Market Association conference that the company aims to issue a "couple of hundred" machines next ... Click for coin article
Madrid ATM Dispenses Gold, CBSnews.com
Talk about a heavy withdrawal. In Madrid, Spain, a unique type of ATM, known as Gold To Go, dispenses gold bars and coins to customers in exchange for cash. Many might ask how an invention like this, the first of its kind in Europe (there is a duplicate device in Abu Dhabi), can serve as a practical means of trading currency. "The big benefit for the client is to have gold at an always reasonable price, what you never can get on a daily basis in banks or with other deals," Thomas Geissler ... Click for coin article
Historic find in Chichester, chichester.co.uk
A man from a metal-detecting group based in Selsey has made the discovery of his life after unearthing an extremely rare Roman coin. Lawrence Ashman found the Roman Emperor Caligula coin during a routine club dig with the Manhood Search and Recovery Society in the Chichester area. The silver denarius was minted in Rome between 37 and 38AD. Lawrence said what made the find more strange was the fact he had declared to his wife earlier that day he was off to find a Roman coin ... Click for coin article
Barber Bargains, NumisMaster.com
You have probably heard plenty of times that gold is at or near record highs, and that silver is higher than it has been for years. This constant barrage of price-related news is almost enough to make a seasoned collector get rid of precious metal coins and focus exclusively on copper—almost. The seasoned, hardened, savvy collector uses a time like this to go hunting. The hunt is for bargains, and the coins we'll go after all share a common design. I'm talking the Barber coinage of 1892-1916. That means dimes, quarters, and ... Click for coin article
Counterfeit Detection: How to Know Your 1894 Morgan Dollar Is Real, NGCcoin.com
A useful diagnostic on this semi-key date is the ultimate tool of the authenticator. Recently, we've been getting heaps of fake 1894 Morgan Dollars. This is the standout Philadelphia Mint coin in the Morgan Dollar series, as only 110,000 were struck — only 10,000 more than the classic key of the series, the 1893-S. In actual fact, it’s a coin that looks, at least on paper, like it would be a lot rarer than it is, but it’s still a valuable coin in all grades. It has a NumisMedia value of $1,440.00 in XF grade. The 1894-O is ... Click for coin article
Thanks for reading!
