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World Coin News

World Coin News August 2019

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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.

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1 мин.
allectus aureus realizes $701,648

On June 6 the London auction house of Dix Noonan Webb sold a rare Allectus aureus for $701,648 [£552,000]. This price is highest paid for any coin sold by Dix Noonan Webb, beating out the gold aureus of Augustus Caesar in September 2014 that realized $625,000 [£480,000]. It also is the highest price paid for any coin of Allectus and at any auction for any Roman coin minted in Britain. The 4.31 g gold coin dates from CE 293-296, struck at London for Imperator Caesar Allectus Augustus, Emperor of Britain (S-683; Calicó 4790; RIC 4). The obverse shows a draped and laureate bust of the emperor along with the legend IMP CALLE CTVS P F AVG. The reverse has Sol between two captives with his right hand raised and his left hand…

1 мин.
all aboard

In a recent press release from the Royal Australian Mint, we have learned that there is a new commemorative coin being released. This coin celebrates the 90th anniversary of Journey Beyond Rail Expeditions’ The Ghan. It will be a new colored 50-cent coin depicting the Australian train. Not only is there a new coin, but also they are announcing a competition along with it! Customers who purchase a 2019 50c Colored Uncirculated coin (90th Anniversary of the Ghan) can enter this competition by sharing a photo of their new coin depicting “where their journey will begin”. Winners will be announced on Sept. 6, 2019. Complete instructions for the competition can be found on their website at ramint.gov. The coin itself has a limited mintage of 30,000 and retails for $15.00.…

2 мин.
was physical cash abolished in any society?

Is there any country in modern history that has not used physical money? Cambodia, also known as Kampuchea, did not use any form of physical currency other than barter during the 1975 to 1978 rule of the Khmer Rouge regime. The brutal regime abolished all forms of money as it attempted to force Cambodia to become a purely agrarian society. This was their way of creating a classless society in which everyone is equal. Are there earlier examples of societies in which physical cash was abolished? I am unaware of physical cash being abolished anywhere, but during the Middle Ages in Europe barter was often substituted for coined money. There is a gap of several hundred years in Russian history (the period between Kievan Rus and the rise of Muscovy) in which no…

12 мин.
on the road to damascus

Last time I wrote a whole article about Syria and didn’t mention Damascus, the second oldest city in the world, or third, or something. It recently celebrated its official 5000th anniversary. It is not the top ranked local city in later ancient times, that would have been Antioch, now in Turkey, about 70 miles from Aleppo. The end of the Bronze Age in the Mediterranean region spanned a few centuries between 1100 BCE and 800 BCE, more or less. Throughout the area natural disasters occurred and new ethnic groups appeared on the scene. Most of the newcomers came from somewhere in Central Asia, but there were nautical invasions of coastal areas by people previously unknown to the local inhabitants as well. The new people were initially nomads, the settled locals thought…

3 мин.
police seize hoard of major historical significance

The British Treasure Trove laws are likely some of the fairest anywhere in the world. Despite this, there are people who will conceal a find rather than allow it to make its way through the system and likely make a profit for themselves legally. Local police have been reluctant to give too many specific details, but on May 30 law enforcement in County Durham and Lancashire arrested “a number of people” who have been accused of dealing in what the British Broadcasting Corporation called “culturally tainted objects.” Details regarding how many people were involved and the origins of the find are sketchy, but it is being described as a hoard “of major historical significance” that includes coins of Alfred “the Great” of Wessex and Ceolwulf II of Mercia as well as an…

3 мин.
turkish find documents history

A find of low grade third to fourth century CE Roman coins found at a dig site in Turkey are helping to not only date the site, but to substantiate what is known of the local history of that period. The find of 466 coins only referred to so far as being composed of bronze, and being attributed to the Valentinian period, are being preserved and studied by archaeologists. More specific information on individual pieces was not available at the time this article was being written. Sadik Sulan is the deputy head of the excavations and an archaeologist at the ruins of Parion or Parium. According to Sulan, “We already thought that there was a Goth invasion in the last quarter of the third century in the city. The presence of these…