6/29 Numismatic News

1857 SS Central America Shipwreck Treasures at ANA World's Fair of Money June 28, 2010 at 9:40 AM The incredible "Ship of Gold" exhibit, showcasing California Gold Rush-era sunken treasure recovered from the 1857 shipwreck of the SS Central America, will make port in Boston at the American Numismatic Association's World's Fair of Money, August 10-14 at the Hynes Convention Center. The exhibit is courtesy of Monaco Rare Coins of Newport Beach, Calif. CLICK IMAGE TO ENLARGE: The remains of a wooden cargo box with approximately 110 gold coins as they were found on the ocean floor will be among the more than $10 million of recovered California Gold Rush-era sunken treasure from the SS Central America that will be publicly displayed in a "Ship of Gold" exhibit. (Photo credit: Monaco Rare Coins) The SS Central America was recovered in 1988 from nearly 8,000 feet below the surface of the Atlantic Ocean. The ship sank in a hurricane in September 1857 while carrying California gold from Panama to New York City. (...) Read the rest of 1857 SS Central America Shipwreck Treasures at ANA World's Fair of Money (374 words) © American Numismatic Association for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Auctions, Coin Shows and Numismatic Events, Coin or Numismatic News, Press Releases and Announcements, Treasures and Shipwrecks.   PNG Members Assist News Media Probe of Traveling Gold Buyers June 28, 2010 at 9:07 AM Professional Numismatists Guild (PNG) member-dealers have been assisting the news media in their continuing investigations of several gold-buying companies that move from community to community across the United States. Traveling gold buyers offered only $60, significantly below bullion melt value, for this 1925-D Indian Head $2.50 coin graded NGC MS66 that PNG experts say is actually worth $10,000. (Photo credit: Universal Coin & Bullion) – Click image to enlarge One of the buyers offered only $60 — significantly less than even its bullion melt value — for a 1925-D Indian Head $2.50 gold coin certified NGC MS66 and valued at $10,000 by PNG experts. (...) Read the rest of PNG Members Assist News Media Probe of Traveling Gold Buyers (921 words) © Professional Numismatists Guild for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin Dealers, Coin or Numismatic News, Press Releases and Announcements.   Gold, Silver, Metal Prices Commentary – June 28, 2010 June 28, 2010 at 8:06 AM A Failure To Communique Good Morning, World leaders took the "oath of the deficits" over the weekend and gave every indication that they intend to cut difficult to sustain budget imbalances in their home countries. Although the Toronto G-20 communiqué faces the scrutiny of the markets this morning and appears to have been met with less than a convinced attitude, its substance points to significant changes on the horizon for the nations that have signed on its dotted lines. The group of nations gathered in Toronto agreed to cut deficits as it ushers in an era of rising taxes and shrinking official expenditures. In terms of dramatic gravitas, the announcement certainly did not suffer from a shortage; the G-20 expressed that their goal is to cut deficits by 50% within 36 months. Protest that. (...) Read the rest of Gold, Silver, Metal Prices Commentary – June 28, 2010 (982 words) © Jon Nadler, Kitco Metals Inc. for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.