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COIN MARKET INSIDER's REPORT takes the pulse of the numismatic marketplace and talks about the buys, the sells, and the trades that all collectors and investors are interested in.
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COIN MARKET INSIDER'S REPORT is the award-winning column that has run in COINage Magazine monthly since 1974. Its author is David L. Ganz, a New York City lawyer, who for more than 35 years has covered the numismatic marketplace. Besides practicing law, he is a past present of The American Numismatic Association, and served for a dozen years as general counsel to the Professional Numismatists Guild. Appointed by President Nixon to the 1974 Annual Assay Commission, he served (1993-1996) as a Clinton appointee on the Citizens Commemorative Coin Advisory Committee. His latest book, "The Official Guide to America's State Quarters" is a Random House mass market paperback, due out this fall.
The column began with a premise that it could report, telegraph style, about what was going on in the numismatic marketplace and talk about the buys, the sells, and the trades that investors and collectors are interested in. It now includes the internet, and http:// addresses you can hyperlink to, easily. This is an expanded version of the column as it appears in COINage Magazine. The author can be reached at: davidlganz@ganzhollinger.com.
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Insider's Report
November
by David L. Ganz
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Forget low mintage Kennedy halves for 2000... The Denver Mint has begun new production based on demand... Also to forget: a "silver" Sacagawea dollar, now that Congress has acted and the President signed the Mint Clarification Act of 2000, requiring the coin to be made golden in color... http://thomas.loc.gov Forgotten as well: the true gold Sacagawea dollar proposed by then-Mint chief Philip Diehl, amidst Congressional criticism....
Hear on line: "Forget all the oranges, palm trees, sunbursts, space shuttles or alligators that might have been considered as motifs for the Florida statehood quarter due out in 2004. The obvious icon became sadly clear this week: The coin reverse should be a pie-chart divided straight down the middle, with a donkey on the left side and an elephant on the right side of the line, and a large "?" right in the middle... " To which Steve Preston adds: The design will be unremarkable, but there will be anywhere from 38 to 42 coins per roll and the release of the minibags will be delayed due to the mint being unable to make certain that each bag has 100 coins in it...."
ANA fund raiser: for a new addition to the existing building, a blue ribbon committee has been created to raise money to raise the roof... Remodeling the ANA Money Museum will give flexibility to display a wider variety of the more than 300,000 items in the ANA's collection...www.money.org New product on the BEP web site: a new and old $5 bill, limited in total production (low serial numbers on the new one) to 2,000 units... with an asking price of more than $500....
Congressional action: passed the Salt Lake City Olympic coin proposal, 2 coins, for 2002 ($5 and $1 coins in gold, and silver)...Signed by the White House into law...www.whitehouse.gov On the short list for the lame duck Congress: the extension of the 50 state quarter program to include D.C. and five trust territories...
Nice read: Coin World's new almanac, 7th edition, at $20... Just published: A Guide and Checklist to World Notgeld, 1914-1947 (2d ed. By Courtney Coffing), Krause., $29.95...www.krause.com Also included: a 16 page color section... Just published, my book, "The Official guide to America's State Quarters", 339pp., $5.99, a Random House fully-illustrated mass market paperback... New commemorative coin for 2001: the Indian head/buffalo design on a silver dollar, modeled after the Buffalo nickel design (1913-1938).... U.S. Mint sales of Virginia quarters are into the millions, with 32,800 bags of 100 coins (34,000 from Denver)...
Thanks from Congress to the nation's coin collectors: S.Con. Res. 154 gives a vote of thanks in the Senate and House for the financial contribution that collectors have made to some 37 different entities that have received surcharges....http://thomas.loc.gov
Slated for January: FUN sale by Heritage... Just completed: Santa Clara sale by Heritage (Nov 16-17)...www.heritagecoin.com Also upcoming: Harry Bass sale, Nov. 20-21 by Bowers & Merena in New York City...www.bowersandmerena.com Platinum report: 2000 design proofs have nearly sold out... Individual proof coins are available from the Mint: 1/10 oz., total mintage 25,000, at $118... quarter oz/., 15,000 maximum mintage, $227... Half ounce, maximum mintage 13,000 pieces, $405... One ounce at 14,000 mintage ($740)... Complete set is $1,375.....
Canada issued its 11th coin in the millennium series, "Freedom", unveiled at Calgary... A dozen coins are in the series that began in January with "pride"... Unstated problem with the close election and time frame for finalizing: the time to produce an inaugural medal... Dave Harper quotes a Saturday Nite Live skit showing sharing of power in the White House... NY Times runs a combined photo of president Gorbush... What will the inaugural medal do? Endless possibilities...
Nominations for candidates to the American Numismatic Association's (ANA) Board of Governors will be accepted beginning December 1, 2000, with voting by the membership
occurring next June....
Lincoln bicentennial commission has been formed by Public Law.... One charge of responsibility is to figure out what has to be done for the cent in 2009... A recommendation will follow... Jamestown, Virginia's 400th anniversary (2007) also has a commission with a charge to make a commemorative coinage recommendation....
Celebrating 200 years: the White House, subject of a U.S. commemorative silver dollar and also found on the reverse of the $20 bill.... Published: Krause Publications's annual book on state quarters, a nice history, coupled with a last page that allows (like old Whitman albums) the coins to be inserted in (push-up)... A $9.95 price and a promise of continuing every year... Third one is due out shortly....
New managing editor, welcome, to COINage: Marcy Gibble... Kari Stone has retired to motherhood.... Painter in residence: Jim Miller... who's planning a trip with wife, Jill, to Scandinavia this spring... On to Europe from Rome, Florence, Nice, Monte Carlo and Barcelona this early spring: Kathy and me... Washington you and yours joy of the season and a happy and healthy New Year!
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David L. Ganz
