News.co.au shares the premise of the new ‘Gold’ movie starring Matthew McConaughey…
Gold is the story of the biggest mining scam of all time, resulting in a $6 billion fraud.
…(three men) banded together in 1993 and emerged from the jungles of Borneo, declaring its soil to be full of gold. Without any due diligence, Wall Street poured money into the company, and Bre-X stock surged from pennies to $280 a share.
But there was just one problem: There was no gold…
On the evening of November 4-5, 1870, the Central Pacific Overland Express passenger train Engine No. 1 from San Francisco arrived at this small station 11 miles west of Reno. Just as the train was leaving the station, three masked men boarded the express car behind the engine and disconnected the engine and express car from the rest of the train. Five more robbers from other cars on the train soon joined them and took control of the engine and express car. With pistols and brute force, the gang commanded the engineer to resume the trip toward Reno. The two brakemen, fireman and express workers were locked up at gunpoint in the mail room.
Meanwhile, about five miles west of Reno, near a place called Hunter’s Station, other members of the robbery gang had built an obstruction on the track with rocks and timbers in order to stop the train. The engine and express car stopped at the obstruction on the tracks. With the aid of a double barrel shotgun, the robbers removed from the express car several Wells Fargo sacks filled with twenty dollar gold pieces from the San Francisco Mint. The value of the gold coins was $41,600. There was an additional $8,800 in silver bars, but these were too heavy for the robbers to carry away with them. All the telegraph lines were cut west of Reno…
…Most of the gold coins were recovered but about 10 percent of the treasure was never found. That means over 200 $20 gold pieces are still missing.
GainesvilleCoins.com reported that “Thousands of Qing Dynasty Coins Found in China”
“Treasure once belonging to 18th-century emperor Qianlong of the Qing Dynasty has been discovered in China’s southeastern province of Jiangxi, and the find is causing quite a stir among locals.
The emperor’s treasure was lost when his ship, en route to Jiangxi, was swallowed by devilish waters. For centuries, his fortune remained hidden. It was not until last week that villagers frequenting an area near the Gan river found the strange items in their waterway.”
“Gold ingots recovered from the SS Central America shipwreck took center stage as Heritage’s annual FUN auctions at the Florida United Numismatists (FUN) convention in Fort Lauderdale took place January 4-9. All told, the US coin auction raised in excess of $42 million for its consignors, with World Currency adding over $1.2 million, and US Currency, continuing through January 10, expected to total over $7 million.” CoinWeek.com
The Department of the Treasury Officials joined the United States Mint for the unveiling of the new 2017 American Liberty 225th Anniversary Gold Coin.
The United States Mint will release a commemorative gold coin in April that will feature Lady Liberty as a black woman, marking the first time that she has been depicted as anything other than white on the nation’s currency.
The coin, with a $100 face value, will commemorate the 225th anniversary of the Mint’s coin production, the Mint and the Treasury Department announced on Thursday. Going on sale April 6, it will be 24 karats and weigh about an ounce.
The obverse (heads) design depicts a profile of Liberty wearing a crown of stars, with the inscriptions “LIBERTY,” “1792,” “2017,” and “IN GOD WE TRUST.”
The reverse (tails) design depicts a bold and powerful eagle in flight, with eyes toward opportunity and a determination to attain it. Inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “1OZ. .9999 FINE GOLD,” and “100 DOLLARS.”
The obverse was designed by Mint Artistic Infusion Program (AIP) Designer Justin Kunz and sculpted by Mint Sculptor-Engraver Phebe Hemphill, while the reverse was designed by AIP Designer Chris Costello and sculpted by Mint Sculptor-Engraver Michael Gaudioso.
The 2017 American Liberty 225th Anniversary Gold Coin will be struck in .9999 fine 24-karat gold at the West Point Mint in high relief, with a proof finish. The one-ounce coin will be encapsulated and placed in a custom designed, black wood presentation case. A 225th anniversary booklet with Certificate of Authenticity will accompany each coin.
The 2017 American Liberty 225th Anniversary Gold Coin is the first in a series of 24-karat gold coins that will feature designs which depict an allegorical Liberty in a variety of contemporary forms-including designs representing Asian-Americans, Hispanic-Americans, and Indian-Americans among others-to reflect the cultural and ethnic diversity of the United States. These 24-karat gold coins will be issued biennially. A corresponding series of medals struck in .999 silver, with the same designs featured on the gold coins, will also be available.
NumanismaticNews.net reported on the results of the COTY (the Coin of the Year) Award. Among the winners was Austria’s 100 euro Capercaille, a bird native to the country (KM-3246). For more about Capercaille, the bird visit BirdGuides.com or Wikipedia.com.
Awards are given in ten categories, and three coins are selected in each category:
- Most Historically Significant: Coins which commemorate events, institutions, physical entities, or individual which are deemed to be most important in terms of the historical heritage of a people or mankind.
- Best Contemporary Event: Coins which commemorate events, institutions physical entities, or individuals which are deemed to be most important in terms of current or recent events influencing a people or mankind.
- Best Gold: Coins fabricated of GOLD, Platinum, Palladium, or another exotic precious metal which have all-around aesthetic and commercial appeal.
- Best Silver: Coins fabricated of silver which have all-around aesthetic and commercial appeal.
- Best Crown: Coins which have all-around aesthetic and commercial appeal, and have a minimum diameter of 33mm..
- Best Trade Circulating monetary unit coins which are made of non-precious metals, possess all-around aesthetic and commercial appeal.
- Most Popular: Coins with commercial sales and artistic caliber which appeals to the international general public.
- Most Artistic: Coins selected solely on the value of their artistic merit.
- Most Innovative Coinage Concept: Coins which contain pioneering metallic alloys, non-typical coinage materials, planchet shapes, thickness, sizes, themes, distribution methods or other innovations. 
- Most Inspirational Coin: Coins featuring themes, events, institutions, physical entities, or individuals that represent peace, freedom, and human rights. (source: Wikipedia.com)
To learn more about the COTY Award, visit Wikipedia.com
“Time Running Out To Purchase Coins Honoring National Park Service Centennial” – National Parks Traveler
“In case you’re still wondering what to get your national parks lover for Christmas, here’s a hint: commemorative coins made by the U.S. Mint to honor the National Park Service Centennial.
These once-in-a-lifetime coins are only being offered by the mint through year’s end. The National Park Foundation is the beneficiary of the coin sales, as a surcharge on the purchases goes to the Foundation for use on projects in the National Park System. The surcharges are $35 for each gold coin, $10 for each silver coin, and $5 for each half-dollar clad coin.
The gold, silver, and clad coins bear images reflective of the people (John Muir, President Theodore Roosevelt), places (Old Faithful geyser, Half Dome) and values (heritage, stewardship) important to the agency….
No more than 15,000 sets containing all three coins are to be produced. As of December 11, fewer than 900 of these sets remained available.”
“During World War I, when Romania faced the risk of being occupied by the armies of the Triple Alliance, Bucharest decided to dispatch the country’s main valuables to the Russian Empire”
The editor of Coin World introduced their series of posts, “Great Britain’s modern gold sovereign celebrates 200th anniversary in 2017: Royal Mint marks milestone of flagship bullion coin”…
“this is the first part of a story about the British gold sovereign, which celebrates a milestone anniversary in 2017. senior editor Jeff Starck’s story about the coin and its history appears in the January 2017 monthly Coin World.”
“Britain’s gold sovereign, with the famous image of St. George slaying the Dragon, is one of the most recognized gold coins ever.
The sovereign — a coin that lacks a declaration of country or denomination — is the choice of investors and evaders, secret agents and villains alike (after all, James Bond famously carries 50 of them in his attache case).”
“The United States Mint will resume sales of the nearly 9,000 unsold 2016-W Mercury Dime Centennial Gold Coins beginning at noon ET on Thursday, Dec. 15.
There’s going to be another race to get a chance at buying one. Gold Mercury dimes launched on April 21 for $205 apiece. They lasted about 40 minutes before going off sale, with the U.S. Mint saying they needed to reconcile orders and cancellations before they could return.
The most recent figures place the dime’s sales at 116,096 coins for 92.9% of the 125,000 possible. The remaining about 8,900 coins will go for $200 each. (See photos of the centennial coin.)” Source: CoinNews.net
The Washington Post reported on a story that we’ve been following with interest in the story – “A treasure hunter found 3 tons of sunken gold — and can’t leave jail until he says where it is”.
“Tommy G. Thompson was once one of the greatest treasure hunters of his time: A dark-bearded diver who hauled a trove of gold from the Atlantic Ocean in 1988 — dubbed the richest find in U.S. history…
…Now Thompson’s beard has grayed, and he lives in an Ohio jail cell, held there until he gives up the location of the gold.
But for nearly two years, despite threats and fines and the best exertions of a federal judge, no one has managed to make Thompson reveal what he did with the treasure.”
Canada Post Corporation is releasing the
“Third in a breathtaking four-coin series that explores the predator and prey relationship of the Arctic fox and the Arctic hare. Each animal is depicted in a traditional pose on one coin, and then re-interpreted as Inuit art on another.
Smallest gold coin! The coin’s 11-millimetre diameter is the smallest sized gold coin produced by the Royal Canadian Mint.
A poignant celebration of the beauty of both wildlife and art in Canada’s Far North!
Your coin is GST/HST exempt.
Composition: 99.99% pure gold
Weight: 0.5 g
Diameter: 11 mm
Face Value: 25 Cents
Artist: Andrew Qappik
Packaging: Maroon clamshell with a black beauty box
Mint item number: 157288
The United States Mint (Mint) will reopen sales for the 2016 Mercury Dime Centennial Gold Coin (product code 16XB) on December 15 at noon Eastern Time while supplies last. Orders will be limited to one per household.
The coins are beautifully struck in .9999 fine 24-karat gold to celebrate Adolph A. Weinman’s original Winged Liberty Dime design. The coin is commonly referred to as the Mercury Dime because of Liberty’s resemblance to the Roman god Mercury. Each coin contains one-tenth troy ounce of 24-karat gold, symbolic of the coin’s denomination of one dime, and is struck with a business strike finish.
Bonanza Coins in Silver Spring, MD announced…
Want to win a 1916 McKinley commemorative gold dollar coin? Bonanza Coins’ Holiday Treasure Hunt is for you!
In celebration of the 100th anniversary of the minting of the scarce 1916 McKinley commemorative gold dollar coin, the Bonanza Coins Treasure Hunt offers you a chance to win a McKinley gold dollar now hidden somewhere in the DC Metro area.
Julian Leidman, owner of Bonanza Coins reports: “McKinley appears on 3 different issues of U.S. commemorative gold coins. Quite fascinating.”
Beginning Monday, December 12, 2016, through December 22, 2016, clues will be available at Bonanza Coins and posted on https://www.facebook.com/Bonanza-Coins-290279734341382/?ref=aymt_homepage_panel, along with clues tweeted by @fancaster.
The winner will be announced on New Years Day.
Stack’s Bowers Galleries is thrilled to share details of their forthcoming Stacks Bowers NYINC Auction of world coins, world paper money and ancient coins, held in conjunction with the prestigious New York International Numismatic Convention (NYINC). This event will be held January 12-14 2017 at the Waldorf Astoria Hotel in vibrant Midtown Manhattan in New York City.
The Ancient and World Coin Stacks Bowers NYINC Auction sale will be split between two days… Read the article for more details.
Examples: (screenshot 12/11/16)
Everitt Millman wrote on the blog of Greenville Coin about the status of the price of gold and the dollar this week…
“Another rally for the dollar to close out this week has knocked the precious metal prices slightly lower again on Friday. Stocks and crude oil were both higher as markets opened. The gold price trended about 0.4% lower by 9:45 am EST…
…The seemingly insatiable level of risk appetite in the financial markets has helped propel stock indices in the U.S. to unprecedented levels. Traders and investors continue to bask in the risk-on sentiment that has characterized markets since Donald Trump’s victory in November’s presidential election…
Safe Collecting Supplies, Inc. posted an opinion piece about the affects of the election of President-Elect Trump….
“Gold, Gold, Gold”
“Last month’s political pendulum took an unexpectedly sharp right turn, and thus the economy has settled down in the forefront of many a shareholder’s mind. With stock markets rising to historic heights, the effects of a business-centric president-elect are already showing. For now they’re headed northbound, but the overall question we as a country should ask is, Will the spikes last?
In James Rickard’s new book, ‘The New Case for Gold’, he says…
They say John Maynard Keynes called gold a “barbarous relic.”
They say there isn’t enough gold to support finance and commerce.
They say the gold supply can’t increase fast enough to support world growth.
In this bold manifesto, bestselling author and economic commentator James Rickards steps forward to defend gold—as both an irreplaceable store of wealth and a standard for currency.
Global political instability and market volatility are on the rise. Gold, always a prudent asset to own, has become the single most important wealth preservation tool for banks and individuals alike. Rickards draws on historical case studies, monetary theory, and personal experience as an investor to argue that:
• The next financial collapse will be exponentially bigger than the panic of 2008.
• The time will come, sooner rather than later, when there will be panic buying and only central banks, hedge funds, and other big players will be able to buy any gold at all.
• It’s not too late to prepare ourselves as a nation: there’s always enough gold for a gold standard if we specify a stable, nondeflationary price.
Providing clear instructions on how much gold to buy and where to store it, the short, provocative argument in this book will change the way you look at this “barbarous relic” forever.
CoinUpdate.com elaborates on the book and on “The New Case for Gold and the Gold Standard”. Here is an excerpt of his Postscript:
“Postscript: Trump and Gold
President-elect Donald Trump expressed qualified support for the gold standard during the 2016 presidential campaign…
…He went on to explain that in his view, other countries have the gold, which appears to be in reference to the moves by China, Russia, and other nations in recent years to vastly expand their gold reserves and gold holdings…
…But after a momentary spike the night he was elected, gold then began a massive move downward that has continued to this day…
…It remains to be seen what economic and trade policies the Trump administration pursues and how those policies, and congressional action on that agenda, will end up impacting gold in 2017 and beyond. “
Douglas Keefe is the president of Beachcomber Coins Inc. reported about the worth of gold since the election of Donald Trump as President of the United States…
“You will recall my prediction before the election that whoever wins, it would be wise to own gold. Well, with Donald Trump our president elect, the markets are reacting euphorically, with the stock market reaching an all-time high and the price of gold, unfortunately for my prediction, going down.
Not very far down; $1,188 as of the writing or this column. Remember though, that gold prices started the year under $1,100 per ounce, so the price is still strong. Only time will tell if my prediction about gold will come to pass, but looking at the entire world stage, I think a little hedging in one’s financial portfolio wouldn’t hurt.”
Wikipedia – ‘Gold as an Investment‘