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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
October 2001
by David L. Ganz
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Rep. Marge Roukema, R-NJ., co-chair of the House Financial Services Committee, introduced H.R. 2921, to authorize the President to award posthumously the Congressional Gold Medal to Jeremy Glick of West Milford, New Jersey, a passenger aboard United Airlines Flight 93 for acts of bravery... other World Trade Center coins and medal proposals are expected....
Rest in Peace: Elvira Clain-Stefanelli, 86, former executive director of the national coin collection at the Smithsonian Institution... Frank Gasparro, 92, 10th chief engraver of the United States Mint, whose Lincoln Memorial design on the cent reverse has had more than 360 billion copies produced -- more than every other coin produced from every country, combined, from the beginning of numismatic history to the present....John J. Gabarron, the American Numismatic Association's, (ANA) sergeant-at-arms emeritus, at 82....
Also introduced: H.R. 2949 (on Sept. 25), authorizing the President to present to Sergeant Shriver, on behalf of Congress, a gold medal of appropriate design to commemorate the 40th anniversary of the establishment of the Peace Corps and to recognize the incomparable contribution of Sergeant Shriver as the first Director of the Peace Corps....
U.S. Mint director Henrietta Fore is doing a top-to-bottom review of Mint facilities and priorities.... Nearly sold out: the Kellogg $50 reproduction with modern-date counterstamp produced by California Gold Marketing Corp., at $5,000 a coin.... (An original piece would be selling for over $150,000....)
It had to happen: With eBay and icollector.com's awareness, Superior Galleries has been alerted to the fact that someone is using the Superior Galleries name and soliciting business emailing underbidders and offering coins under the name Bill at Superior Galleries; the email comes from keystoneauctions@hotmail.com. This individual is offering coins (which he represents as lots from Superior Galleries' Live Auctions) for a certain price and a reduced price if payment is received within 3 days.... The offer is false...
Last state quarter for 2001 out: Kentucky, which entered circulation October 15th... The New Year starts with Tennessee for 2002.... Teachers: the U.S. Mint wants you to use the state quarters in school! Free 50 State Quarters Program lesson plans are available.... Each lesson plan includes everything a teacher needs to create stimulating learning experiences for students: Fully adaptable lesson outlines with clear objectives; Reproducible, graphic handouts; Interactive games and cooperative learning activities; Suggestions for evaluation exercises ... The Mint says that since a new quarter will be released approximately every ten weeks through 2008, these lesson plans will provide you with a timely way to teach key skills for years to come... Details available from the Mint...
American Numismatic Society and the Federal Reserve's long-planned exhibit opening in mid-October at the Fed in downtown New York City has been postponed because of the World Trade Center destruction, just blocks from the Fed's vault... The Comex's gold and silver vaults are still buried beneath the Trade Center rubble... $300 million or more in precious metal coin and bullion is there....
More than 175 medallic sculptures in bronze, brass, copper and nickel-silver by an international array of award-winning artists will be exhibited at the American Numismatic Association Money Museum in Colorado Springs, Colorado, beginning October 20..... The American Medallic Sculpture Association (AMSA) and the Museum of Medallic Art in Wroclaw, Poland, jointly will display the juried and selected pieces in an exhibit entitled "Hands across the Sea." ....
New currency notes have been issued by People's Bank of China to clamp down on counterfeit scams.... The 10 and 50 Yuan banknotes are the fifth series circulating in China and are more obviously distinguished by two security threads on the left half of each note..... Both notes have the head portrait of Chairman Mao on the front, and on the back of 50 Yuan note is the image of the Potala Palace in Lhasa, Tibet....
"Your Newsletter," an electronic communication device designed for Young Numismatists (YNs), has been launched by the ANA... "Many young collectors are very conversant with the Internet and E-mail, and we think this weekly newsletter is right up their alley." ... The aim: keep YNs up-to-date on projects, events and activities offered by the ANA and its member clubs. ... It also provides a forum for exchanging ideas, interests and stories, and includes games, quizzes and special opportunities to earn "YN Dollars" that can be spent - either in person or by mail bid - at special auctions held for young numismatists every summer.... More information: http://www.money.org/ynnewsletter.html ....
Paul Whitnah, M&M Travel, publishes travel tips especially of use to collectors and dealers who travel the numismatic circuit... He was one of the first to advise caution as a result of post September 11 travel... An email version is available on request by inquiry to: pwhitnah@mmworldtravel.com ....
Published: Gold Coins of the Carson City Mint, by Doug Winter (edited by James L. Halperin), Ivy Press $25... 203 pages packed with history, statistics, and a must for collectors of Carson City gold... The book is definitive with very useful information about coins that are hard to acquire in excellent states of preservation... The rarest coin in the series, 1870-CC $20 is unknown... Buy the book before the coin!
The "Dallas Bank" Collection of U.S. coins, formed by H. Jeff Browning, is being sold by Stack's and Sotheby's in a joint sale at Sotheby's on Oct. 29-30... Catalogues from either firm show many condition-census coins....
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David L. Ganz
