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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
March 2001
by David L. Ganz
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House Banking Committee has a new name: House Financial Services Committee... Oversight functions this year include activities of these Treasury bureaus as they relate to the printing and production of U.S. currency ... and the financing and minting of circulating and commemorative coins....
Also slated for review: efficiency and productivity of Mint and BEP manufacturing operations... Numismatic Public Enterprise Fund.... Technical changes to the authorizing statute for the latter will also be considered... http://thomas.loc.gov
Robert U. Foster III, Hugh Nathanial Halpern, and Peggy A. Peterson were named to three senior staff positions at Financial Services... Chief Counsel is Terry Haines...
With the 1933 $20 gold piece formerly owned by King Farouk legalized, talk now is how it will be sold... Auction is the likely vehicle with the U.S. Mint and dealer Steve Fenton in partnership to do it... Talk of the Long Beach Exposition was that the likely selling price could be in the $10-million range.... Predicate: the unique circumstances under which its ownership is unchallenged....
One coin weekly periodical estimates the number of true collectors at about 1.3 million, not counting state quarter buffs... The ANA museum/library remodeling is scheduled for completion by June 1, 2001... a ribbon-cutting ceremony is slated for July 14 (at the conclusion of the ANA's two-week Summer Seminar)....
After the opening ceremonies, ANA Target 2001 will hold a gala black-tie dinner, featuring celebrity guests and a silent auction of special numismatic material.... In addition, a live "once-in-a-lifetime" auction will be webcast on the Internet....
Frank J. Katen, noted American numismatic bibliophile, died January 21, 2001, on his 98th birthday... Katen was the official auctioneer of the 1948 ANA convention... The obits left out the controversy that at one time had him expelled from the ANA... ANA made up to him only in the 1990's... He was an extraordinary person and a pleasure to know. RIP...
Announced for the ANA presidency: John Wilson, current vice president, and Will Rossman, former governor, in a face off... For Vice president, Gary Lewis and Alan Herbert compete...
American Numismatic Society's fundraising totaled $1.7 million in the fourth quarter, capped with a generous $1-million contribution from Don Partrick, Society president, and $239,000 from Chet Krause.... Their aim is to fund a new downtown NY building for later this year....
Recent TV appearance noted: on Cable Channel 12 (statewide) in New Jersey, me, promoting America's State Quarters, the new Random House best-seller... On TV in Los Angeles, Scott Travers, promoting his new One Minute Rare Coin Expert book....
The Ship of Gold will "dock" in Omaha, Nebraska at the Durham Western Heritage Museum, 801 S. 10th Street, March 24 - June 30.... The $20 million display of gold coins and gold bars from the S.S. Central America, a highlight of numismatic events the past year, will be part of the museum's "Lost Treasures" exhibition....
The State of Illinois is proud to announce that the design phase of the quarter program is now underway.... If you would like to submit a design for the Illinois State Quarter, just follow the instructions... Go to the Illinois Numismatic Association web page ilna.davesworld.net ....
The Buffalo nickel design is on its way to becoming a silver dollar commemorative... the re-designed coin's on-again, off-again use of multiple designers initials now has the engravers initials "off"... The Fraser design looks magnificent in large size... Snoopy on a national medal: approved by the Fine Arts Commission for the national medal honoring designer cartoonist Charles Schulz... Take that, Charlie Brown!
Ceremony for unveiling of Capitol Visitor's Center coins: slated for March 7 in Washington.... Coin grading on line now possible with Jim Halperin's www.coingrading.com ....
North Carolina quarters will be sold online beginning Monday, March 12, 2001, at 12:00 noon (ET), and ending Thursday, March 15, 2001, at 12:00 noon (eastern time)... The North Carolina quarters are available in two-roll sets (40 coins per roll), including one Philadelphia and one Denver Mint Mark coin roll, and in bags of 100 and 1,000 coins.... Collectors will have 72 hours to purchase two-roll sets and bags of the newest quarters...
Safeway, one of the nation's largest grocery chains, announced today a new commitment to routinely circulate Sacagawea Golden Dollar coins to customers in all of its 1,500 stores nationwide.... Initially, each store will order 1,000 coins. As demand for the Golden Dollar increases, the stores will order additional coins.... www.usmint.gov....
Next several Heritage sales: April 5-6, 2001 Signature Sale, Indianapolis, IN (CSNS), April 7, 2001 Bullet Auction, Indianapolis, IN (CSNS), May 30-June 2, 2001 Signature Sale, Long Beach, CA, June 2, 2001 Bullet Auction, Long Beach, CA... August 4-5, 2001 Bullet Auction, Atlanta, GA... August 6-11, 2001 Signature Sale, Atlanta, GA (ANA).... www.heritagecoin.com
Alan Herbert reports on line: 90 degree rotation for state quarters for five of the 1999 State quarters - from both mints - are found with rotations from about 45 degrees to 180 degrees. Prices ranged from about $25 for circulated specimens to one that sold for over $300. Most would be at the low end of that range, but that's still a lot better than face value....
The ANA's Town Hall Meeting: Candidate Forum will be at the National Money Show in Salt Lake City. The forum will be on Friday, March 9th at 5pm...
Numismedia's reliable report on the state of the coin market: What's hot right now: Original Morgan & Peace Dollar Rolls , Bust Dollars - Still Very Hot! DMPL Morgan Dollars
Indian Cents - Red Early Lincoln Cents - Red, MS64 & higher, State Quarters - Modern Issues
Washington Quarters - 1932 D & S MS 61 and higher, Circulated Dollars... And what's not: Dated Gold remains soft, Average quality Type is soft if it lacks eye appeal... www.numismedia.com...
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David L. Ganz
