Author Archives: David L. Ganz

Paper dollar gets a boost

For the fifth time in 22 years, the Government Accountability Office has weighed in on whether the dollar bill should replace the $1 coin. In this version, there is a bombshell statement that the government would lose money in the first six years if it began to replace $1 notes with $1 coins. Continue reading

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Cent losing support from public?

Is public support for the cent waning? CNN, the TV network and internet news gatherer, put a poll out over Presidents’ Day weekend asking if the cent should be eliminated. While not scientific, with over 140,000 responses, the results were that about 60 percent favor the coin’s demise. Continue reading

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Time to look at Eagles for scarcity

As the American Eagle moves into its second quarter century and as a number of collectors are wondering why they can’t put rare coins into their Individual Retirement Accounts, the suggestion has been floated (by me) that collectors ought to consider, and dealers who supply the coins should be encouraged to look at the mintage figures of uncirculated Eagle coins. Continue reading

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Future remains bright for gold, silver

With the events of the 2011 election behind us, and the expiry of the first session of the 112th Congress in the rearview mirror, the question now is what does 2012 portend. With a presidential election upon us, what does this mean for those looking to Washington, and elsewhere, and where does this put organized numismatics? Continue reading

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Baseball coins on the way?

A three-coin commemorative set for 2015 would benefit the Baseball Hall of Fame at Cooperstown, N.Y. Up to 50,000 gold $5 coins, 400,000 silver dollars and 750,000 copper-nickel halves make up the proposal. Continue reading

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Dollar bill on chopping block?

The congressional supercommittee whose task it is to make recommendations by Thanksgiving to bring down the federal deficit has taken aim at the very instrument that measures its success: the dollar bill. It is claimed that by eliminating the note, the federal government can save billions of dollars over the next 30 years. Continue reading

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New legal standard in Mint case?

Arrest in New Jersey Sept. 9 of former U.S. Philadelphia Mint guard William Gray for theft of more than $2 million worth of numismatic $1 error coins sets the stage for the government to seek a stiff jail sentence. It also marks a new era in collecting, because the criminal information charging Gray seems to set a new standard for how some coins are legally issued by the Mint and may be legally acquired. Continue reading

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Gold price jumps above platinum

For only the ninth time in 43 years, platinum and gold have crossed over, with gold briefly going on top of the price of platinum before the silver-colored metal jumped a tick or two, racing above gold again. Continue reading

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Is this end of road for 1933 $20s?

It ended with a unanimous verdict of a jury of their peers, ruling that 10 1933 double eagle gold pieces were illegally removed from the Philadelphia Mint. Joan Langbord, daughter of Israel Switt, and her two adult sons, heard the verdict in Philadelphia federal courthouse July 20 after the coins had been on the lam for almost 80 years. Continue reading

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Gold, silver on merry run since ’70

Uncharted territory and economic uncertainty seem to be the driving force behind gold’s surge to the $1,600-an-ounce mark in recent days. The by-product of this is that silver has also moved to more than $40 an ounce, even as platinum and palladium have not moved substantially. Continue reading

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