Coin Collecting News

Krugerrand Gold Coin Production Jumps to 25-Year High June 7, 2010 at 10:24 PM Rand Refinery Ltd., the world's largest gold-smelting facility, raised production of Krugerrand coins to a 25-year high as Europe's sovereign-debt crisis boosted investor demand for bullion. Output last week jumped 50 percent to 30,000 ounces of blank coins for minting by SA Mint, Debra Thomson, Rand Refinery's treasurer, said by telephone from Johannesburg today. That was the highest weekly production ... Full Article: Krugerrand Output Jumps to 25-Year High on European Debt Crisis - Bloomberg Related posts: Kruggerrand Demand Pushes Output of Gold Coins to 23-Year High Demby Predicts Krugerrand Will Remain Strong   Saudi one-riyal rare silver coins gifted to museum June 7, 2010 at 10:21 PM The Museum of Islamic Art yesterday announced that it has received a collection of 1,000 silver Saudi one-riyal coins from Saudi businessman Bassam Omar Salama. The collection was among 3mn Saudi one-riyal coins minted in the United States in 1944 during World War II at the request by then Saudi king Abdul Aziz bin Abdurrahman al-Saud. In a letter ... Full Article: Saudi businessman gifts rare coins to museum - Gulf-Times Related posts: Chewy Substitute For Half Riyal Rare Roman Coins Acquired for British Museum and Derby   Briefs Support Odyssey's Black Swan Coin Treasure Appeal June 7, 2010 at 10:17 PM Several additional appellate briefs and amicus briefs have been filed with the Eleventh Circuit Court of Appeals in Odyssey Marine Exploration's (NasdaqCM:OMEX) "Black Swan" case. The filings support Odyssey's argument that the trial court erred in dismissing the case because the recovered coins did not belong to Spain and therefore do not qualify for sovereign immunity, Spain did not have possession of the coins, and sovereign immunity only applies to vessels exclusively on a non-commercial mission. Among the briefs were two separate filings by groups of descendants whose ancestors owned the cargo shipped aboard the Mercedes. The trial court actually missed the basis of their claims calling them "descendants of those aboard the Mercedes." (...) Read the rest of Briefs Support Odyssey's Black Swan Coin Treasure Appeal (914 words)   Cents of Steel June 7, 2010 at 9:54 PM While the Man of Steel dates to 1938, America's "cents of steel" date to 1943—the vast majority of them, anyway. Comic book superheroes, Superman included, were influenced by World War II, and so too was America's coinage. The steel cents of 1943, such as this 1943-D/D variety cent in the upcoming July Summer FUN Auction, came about this way,  ... Full Article: Coin Monday: Cents of Steel - Heritage Blog Related posts: One Cent, Two Cent, One Cent Planchet World War II Americans Disliked 1943 Steel Cent