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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
September 2001
by David L. Ganz
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California Gold Marketing Group and the California Historical Society have produced historic restrikes of the Kellogg $50 slug of 1855... Struck at the old Presidio fort in San Francisco on an old U.S. Mint coining press, the coin bears a hallmark of the Society with the date of striking... Examples of the commemorative are now at the ANA Museum in Colorado Springs... An original sold at auction in 1984 for $150,000... one recently changed hands at $300,000... The Restrikes price for the coin that contains 2.5 ounces of gold is $5,000.... www.sscentralamerica.com
Heritage's auction at the ANA convention in Atlanta totaled more than $10-million at the hammer.... www.heritagecoin.com ...Attendance at the annual ANA show weighed in at nearly 12,000 people.... Farran Zerbe award winner was Harry Forman of Philadelphia.... www.money.org
Fred Weinberg reports that his certified two-tailed quarter has been sold for more than $100,000.... www.fredweinberg.com Harlan Berk has become the new president of the Professional Numismatists Guild.... A "coin summit 2001" will be held in Colorado Springs in mid-October with PNG, ICTA and ANA active participants, with others....
Henrietta Holsman Fore, new Mint director, has taken command of the office... She promises, in a Sept. 5 interview, to make new initiatives after first re-examining the entire way that the Mint operates... :I want to first look at all opportunities of the Mint, just like a business," she declared.... www.usmint.gov
One item on the plate: consideration of re-design of all circulating coins... "Sen. Gramm and Senator Sarbanes both favor that," she said, referring to the head and ranking minority member of the Senate Banking committee... Gramm meanwhile announced Sept. 5 that he would not seek re-election to a 4th term in 2002.. Thomas.loc.gov..
Dwight Manley of the California Gold Marketing Group feted a group of prominent numismatists Aug. 20 at the Ritz Carlton, San Francisco... Earlier in the day the group held first strike ceremonies for the Kellogg $50 Restrikes at the Presidio.... ANA executive director Ed Rochette struck one example for the headquarters Museum... Don Kagin, who lent the original dies for copying, struck another as did his dad, A.M. Kagin... Other strikers: Mike Fuljenz, Larry Goldberg, Q. David Bowers, Ira Goldberg, Lee Minshull, Donn Pearlman, Chris Karstedt... Examples will be on display in the Wells Fargo money museum, ANA, and with the Byron Reed collection in Omaha....
Sell-out: the Buffalo silver dollar's 500,000 allotment is taken... Sen. Ben Nighthorse Campbell and the Smithsonian Institution Secretary Lawrence Small have requested that Treasury chief Paul O'Neill authorize an additional 250,000 pieces... the coins would be distinctively marked and probably create, if authorized, a secondary rarity....
Circulating Kennedy halves with 2001 date from Denver Mint presently aggregate around six million pieces.... The Sacagawea dollar production for 2001 is at around 100 million compared with over a billion coins last year from P and D mints.... New members to the Fine Arts Commission (once confirmed by the Senate): Donald Capoccia and Pamela Nelson...
ANA's curator Bob Hoge has moved to the American Numismatic Society in New York.... NGC is moving to Sarasota, Florida, from Parsippany, N.J.... Snowflakes and Olympic rings characterize the probable designs for the commemorative coins of the XIX Winter Olympiad at Salt Lake City in 2002....
Japan's Mint Bureau has announced an international coin design competition for circulating coins... Details on line: pub@mint.go.jp.... Or at the web site www.mint.go.jp ...Vermont maple sugar harvest reverse on the state quarter series has been on sale for a month... Kentucky looms in the wings... Plans for the eventual sale of the 1933 double eagle owned by the Mint and London dealer Steve Fenton are being finalized by the U.S. Mint... Auction plans seem likely....
Rep. Jim Kolbe, R-Az, has called for the introduction of five annual $2 commemorative banknotes of historic themes..... Citizens Commemorative Advisory Committee chair Elsie Sterling Howard has written to Smithsonian Secretary Small asking that the buffalo dollar coin extension be scotched...
Being considered at the Mint: whether to extend the state quarters program to include Washington, D.C., and five trust territories (Puerto Rico, American Virgin Islands, Guam, American Samoa, Northern Marianas Islands....The Mint would have to get on board... Rosario Marin was sworn in as the nation's 41st Treasurer August 16 by Treasury Secretary O'Neill... The position is one of the oldest in the federal government... Her signature will appear shortly on American paper money....
Louisiana's state quarter design will feature the Louisiana purchase in outline, and a Pelican... www.state.la.us It will go well with the 2003 Lewis and Clark coin set... Bowers & Merena plan to sell the Amon Carter 1804 silver dollar (Proof-58) late this year at the November Suburban Washington/Baltimore convention....
Adieu: the Platinum Guild, which is closing up shop after more than 15 years of offering guidance to American investors and assisting the trade... Ex-mint director Jay Johnson is now a senior advisor at the US. Treasury.... The John Bergman numismatic library will be sold by George Frederick Kolbe October 6 at Long Beach.... www.numislit.com...
New head of OTACS: Jim Miller... New Secretary: Arthur M. And Prudence Fitts... The old timer assay commissioners meet once each year at the ANA convention....
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David L. Ganz
