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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 2001
by David L. Ganz
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Sotheby's and Stack's combined to sell the Dallas Bank Collection, for a blow-out $8 million plus... British Royal Mint began issuance of the Bermuda Heritage series, a colored $5 silver proof crown, the first of which celebrates the Gombey dancers.... Price is $56.95... www.royalmint.com
"The Mini Page" a supplement to many daily newspapers, featured the Sacagawea dollar (and an article about the woman herself) in October...a November supplement featured state seals... earlier in the fall, the state quarter series was explored....
The American Numismatic Association has an on-line newsletter for younger collectors... Visit www.money.org/ynnewsletter to check it out....
Coin Coalition head Jim Benfield reports conversions of municipal parking meters to accept the Sacagawea dollar: New York, Chicago, Philadelphia, San Francisco, Dallas, Minneapolis, Toledo, Baltimore... He did not report that Fair Lawn, N.J. (19th largest municipality in the state, of which I am Mayor) is doing the same thing....
U.S. Mint web-tests consumer awareness program.... Les Fox put together a 25th reunion for the American bicentennial coin designers and former president Gerald R. Ford.... 18 year old Dennis R. Williams is now 43 and traded long hair and pony tail for a three-piece suit and tie....
Treasury Secretary Paul O'Neill vetoed any plans to extend the Buffalo silver dollar program, as he had been asked to.... Technical glithes forced the Mint to postpone sale of Kentucky quarter bags.... RIP: American Israel Numismatic Ass'n President Moe Weinschel, 86.... Alabama's quarter design for the state 25 cent coin include reference to the space program on the majority of the five submitted by Gov. Don Siegelman to the Mint ....
State quarter circulating coin mintage through the third quarter of 2001: more than 4 billion pieces (profit to the government, over $1-billion).... Low mintage alert: platinum 1 ounce proofs, only 2,000 minted to date... half ounce: 1,500... quarter ounce 1,900..... Silver proof sets thus far: 640,000....
RIP: Too Cute Dusty Rhodes, 3½, a blue-grey-peach Scottish fold on Nov. 5... Kathy's feline had a massive coronary (autopsy showed)... She was too sweet and went well before her time..... Stack's has rescheduled the Cornelius Vermeule collection auction (originally 9/11-12) for November 12-13....
The New York International Coin Show, which had been at the World Trade Center, has moved to a new location and date: Jan 18-20 at the Waldorf-Astoria hotel, in midtown (301 Park Avenue)....
Final mintage stats: Library of Congress bimetallic uncs: 6,683, proofs 27,167... silver dollar proof 196,900 and unc 52,771.... Leif Ericson unc 28,150... Iceland proof set 14,947 (of 150,00 authorized).....
Medal for Defense of Freedom has been authorized by Defense Secretary Donald Rumsfeld... The medal honors those who were killed or injured in the attacks of September 11th....
New currency notes with the Paul O'Neill/Rosario Marin signature were unveiled October 9....
Ira & Larry Goldberg's Oct 1-2 sale of the Mouhtouris collection realized $3.7 million in 2300 lots.... An 1850 Baldwin $10 (Kagin-3) brought $128,800 in MS64....Commemorative medals are the subject of a Spink sale Nov 15 in London... The Edward Van Rekel collection of English and Scottish silver coins also is slated by Spink London for Nov 15...
ANS's exhibit slated to open October 17 at the Federal Reserve Bank of New York has been canceled or postponed to another day)... The Fed is located just a few blocks from ground zero at the World Trade Center... The ANS building on Williams Street is in "good condition and survived the explosions without much harm" executive director Dr. Ute Wartenberg reports....
Election results of note: I ran for re-election to the Boro Council in Fair Lawn, New Jersey, where I have served as Mayor for the past three years... Re-elected with highest totals of any vote-getter except for McGreevey (the new governor) and Surrogate, Mike Dressler.... Includes all county-wide and state office holders in the municipality, NJ's 19th largest...
New bylaws and mandatory arbitration of disputes for the Professional Numismatists Guild... The American Numismatic Association now has mediation (and arbitration) available for members and non-members.... The American Medallic Sculpture Association has an exhibit on at ANA headquarters in Colorado Springs... Sculptur-medallist Virginia Jansen is presently doing plaques for various government agencies seen live on T.V....
A much-reduced Coin Summit was held at the Broadmoor Hotel in Colorado Springs, co-sponsored by PNG and ICTA.... The diminished attendance was mostly attributed to a lack of desire to travel after Sept. 11....
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David L. Ganz
