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Swiss bank UBS to cooperate with Justice Department

Last Wednesday, five banks, JPMorgan Chase and Citigroup from the US, Barclay’s and Royal Bank of Scotland from the United Kingdom, and UBS from Switzerland, agreed to pay fines totaling more than $5 billion to settle charges over rigging prices … Continue reading

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Philippines to make coin hoarding illegal

By Richard Giedroyc You know you have a bad economic situation when your government makes it clear candy is not legal tender and cannot be used as a substitute for coins when making change. Making change by substituting candy for … Continue reading

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Pakistan works on currency problems

By Richard Giedroyc The Finance Department of the Bank of Pakistan, Pakistan’s central bank, announced March 31 that all banking businesses should stop re-issuing older design 10- and 100-rupee bank notes. According to the March 31 The News Teller newspaper, … Continue reading

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Watermelon $100 tops CSNS sale

An 1890 $100 “Watermelon” Treasury Note, Fr. 377, from the Eric P. Newman Numismatic Education Society was the top lot in Heritage Auctions’ Central States Numismatic Society Currency Signature Auction, April 22-28 in Chicago. The rarity, noted for its zeroes … Continue reading

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Holey Dollar goes to auction in July

The pierced five shilling coins issued in New South Wales in 1813 are an integral part of Australian history. They glory in the name “Holey Dollar.” Less than 100 are believed to still exist. Most show their age. High grade … Continue reading

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More 2015-P Nebraska doubled dies reported

In the May 12 issue of Numismatic News, I revealed the discovery of a 2015-P Nebraska “Homestead” America the Beautiful quarter with a strong doubled die reverse. It was first reported by Steve Atwood of Florida on the Coin Community … Continue reading

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Gardner Part Three brings $13.78 million

Part III of the Eugene H. Gardner Collection of U.S. Coins, the third of four unreserved auctions presented by Heritage Auctions, realized $13.78 million in a completely sold-out auction on May 12 at the Waldorf Astoria in New York. “The … Continue reading

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Pogue auction first round: $25 million

In an auction to be talked about for years to come, 15 coins early American coins were sold for over $400,000 with three breaking the $1 million dollar mark. Called the biggest coin auction in history with an estimate of … Continue reading

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Global markets show trouble

In my mind, the primary reason to own physical precious metals such as gold or silver is as “insurance” against the risk of loss in the values of paper assets such as stock, bonds, and currencies. Twice in the past … Continue reading

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Time to scout out bullion buys

Knowing the better buys on the precious metals market and where to find them will help collectors avoid costly mistakes. Michael Fuljenz, owner of Universal Coin and Bullion, Beaumont, Texas, said while buyers won’t get a deal on gold bullion, … Continue reading

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