World Coin News December 2020

The fascinating history and details of world coins are brought to life monthly in World Coin News. We are the leading authority on world coins and regularly report on new issues, auctions and other coin news from around the world. Our top experts provide in-depth historical information on coins and the countries that issue them.

Les mer
United States
Active Interest Media
kr 43,45
kr 200,20
12 Utgaver

i denne utgaven

1 min
eid mar brutus aureus sells for nearly $4.2 million

An EID MAR type struck by Brutus in 42 BCE; authenticated, encapsulated and graded MSK 5/5 - 3/5 Fine Style by Numismatic Guaranty Corporation (NGC), sold for nearly $4.2 million at Roma Numismatic’s Auction XX. This is only the third known example in gold of this post-assassination design. The other two examples are currently with institutions; one on long-term loan to the British Museum and the other in the Deutsche Bundesbank collection. As the Roma Numismatics Limited lot description notes, “Nothing resonates so deeply with those knowledgeable in ancient Roman coinage as the dramatic EID MAR type struck by Brutus in 42 BC[E], nor indeed is any type more sought after by connoisseurs. Herbert A. Cahn’s 1989 study entitled Eidibus Martiis noted 56 examples in silver and two in gold.” However,…

3 min
ethiopia introducing new currency

Is it wise to turn on the printing presses to buy your way out of a budget deficit? Likely not, but when banks are experiencing a liquidity problem, counterfeiting, a coronavirus pandemic impacting the economy, and you are seeking to flush cash into the open that has been hoarded, this may be your best option. Ethiopia has rolled the dice, issuing a new series of bank notes as the nation seeks to combat what it calls monetary crimes. While new bank notes were unveiled Sept. 14, no change in coins was immediately announced. At the time of the unveiling Prime Minister Abiy Ahmed said, “Ethiopia today unveils new birr notes for 10, 50, and 100 denominations, with introduction of a new birr 200-[birr bank] note. The new notes will curb financing of illegal…

3 min
ghana coin and bank note trade deemed illegal

If you’ve ever considered becoming a coin dealer in Ghana, you might want to think twice. The Bank of Ghana, the African nation’s central bank, recently announced it is illegal to profit from buying or selling the nation’s coins or bank notes. In an Oct. 1 public notice the bank warned trading in Ghana’s currency is a criminal offense regardless of the intended purpose. According to sources, the underlying problem is a concern about individuals selling the currency to commercial vehicle operators known as Trotro in need of low denominations. Trotro are privately-owned minibus share taxis that travel fixed routes but only when filled to capacity. The notice posted through Bank of Ghana Secretary Sandra Thompson reads: “The Bank of Ghana wishes to inform and remind the general public, that it is…

3 min
west african monetary union proposal fizzles

There have been monetary unions ever since there has been coinage. Some of these unions were successful and lasted hundreds of years. Others have fizzled and quickly disappeared. The European Union’s monetary union is the highest profile such union today, but it is far from being the only monetary union now in use. The Eastern Caribbean Currency Union consisting of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines uses the East Caribbean dollar as its common currency. There are additional currency unions proposed, but remain on the drawing board. Among these are the Economic and Monetary Community of Central Africa and the East African Community. There have been monetary union proposals that have failed to materialize as well. The latest of these…

3 min
antiquated treasure trove laws still in place

Coins are made by governments or other financial institutions. Coins are produced to be spent, right? Apparently not in all situations! A find consisting of 15 gold coins, 18 silver coins, and three gold rings recently discovered on land owned by a Hindu temple in India has been declared not as being the property of that temple, but as the property belonging to two Hindu deities that preside over that temple. Sri Bhramaramba Mallikarjuna Swamy Temple Executive Officer K.S. Rama Rao was quoted on Oct. 5 by the New India Express newspaper as saying, “Since the treasures, be it gold, silver, copper coins, or other artifacts, were found on the temple premises, they belong to the presiding deities – Goddess Bhramaramba and Lord Mallikarjuna. They will not be handed over to…

3 min
extra protection for british gold coins

Several layers of added protection have been introduced on Great Britain’s 2021-dated gold Britannia coins, the coins having been released on Oct. 19. Data on how many counterfeit Britannia bullion coins have been detected in the past was not available at the time this article was being written. There is concern since, due to the 0.917 fine purity of the coins issued between 1987 and 2012 and the 0.9999 fine purity of the Britannia coins commencing in 2013, there is also a weight discrepancy involved. The 1987 to 2012 issues contain copper and weigh more than the 2013 to-date issues in order to contain the same one ounce of gold. British gold coins had been traditionally struck of 0.917 fine purity or 22 karat gold until recently. Authenticity of some Britannias has…