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Keyword: coin

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  • San Diego Man Sues U.S. Government Over a Penny

    04/09/2014 7:34:27 PM PDT · by DogByte6RER · 58 replies
    Fox 5 San Diego ^ | April 9, 2014 | Christian De La Rosa
    <p>SAN DIEGO — A San Diego man and an antique shop owner in La Jolla have entered a legal battle with the U.S. government over a penny.</p> <p>When Randy Lawrence brought his rare penny to the La Jolla Coin Shop he was pleasantly surprised. The coin is one of a kind; a Denver minted, aluminum penny, estimated to be worth about $250,000.</p>
  • California couple finds $10 million in rare coins while out walking dog

    02/25/2014 4:49:29 PM PST · by ConservativeStatement · 30 replies
    AP ^ | February 25, 2014/
    LOS ANGELES – A Northern California couple out walking their dog on their Gold Country property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.
  • NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S.

    02/26/2014 6:17:45 AM PST · by Red Badger · 55 replies
    http://sanfrancisco.cbslocal.com ^ | February 25, 2014 11:40 PM | Staff
    TIBURON (CBS SF) – A couple has made the buried treasure find of a lifetime – gold coins worth millions of dollars – on their property in Northern California. A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk. The estimated value is believed to be in excess of $10 million and may be the most valuable hoard of gold coins unearthed in North America, according to veteran numismatist Don Kagin. Kagin, president...
  • Couple Stumbles Upon $10 Million in Rare Coins

    02/26/2014 5:52:38 PM PST · by aMorePerfectUnion · 25 replies
    ABC News ^ | February 26, 2014 | By JOHN ROGERS
    A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree. Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Although the face value of the gold pieces only adds up to more than $28,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece. [continued at link]
  • California couple in $10M gold find may owe gov’t about half, report says

    02/27/2014 1:26:08 PM PST · by Doogle · 60 replies
    foxnews ^ | 02/27/2014 | FOXNEWS
    One couple's gold find could mean a jackpot for the IRS. The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not. The San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered. "If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove),...
  • California Couple Finds $10M Buried Treasure in Back Yard

    02/25/2014 7:26:13 PM PST · by shove_it · 33 replies
    Yahoo ^ | 25 Feb 2014 | Dina Abou Salem
    A California couple spotted the edge of an old can on a path they had hiked many times before. Poking at the can was the first step in uncovering a buried treasure of rare coins estimated to be worth $10 million. "It was like finding a hot potato," the couple told coin expert Dr. Don Kagan from Kagin's, Inc. The couple hired the president of Kagin's, Inc. and Holabird-Kagin Americana, a western Americana dealer and auctioneer, to represent them. "Since 1981, people have been coming to us with one or two coins they find worth a few thousand dollars,...
  • Couple That Found $10 Million in Gold Coins Will Have to Hand Over HOW MUCH in Taxes?

    03/01/2014 5:56:10 AM PST · by rktman · 53 replies
    The Blaze ^ | 2/28/2014 | Becket Adams
    A California couple that discovered $10 million worth of gold coins last year will have to pay nearly half that amount in federal and state income tax, regardless of whether they sell the coins.
  • $10M Gold Coin Hoard Found in Yard May Have Been Stolen From Mint

    03/04/2014 4:39:40 PM PST · by Extremely Extreme Extremist · 41 replies
    YAHOO NEWS ^ | 04 TUESDAY 2014 | YAHOO NEWS
    A California couple who found a stash of buried gold coins valued at $10 million may not be so lucky after all. The coins may have been stolen from the US Mint in 1900 and thus be the property of the government, according to a published report. The San Francisco Chronicle's website reported that a search of the Haithi Trust Digital Library provided by Northern California fishing guide Jack Trout, who is also a historian and collector of rare coins, turned up the news of the theft. The California couple, who have not been identified, spotted the edge of an...
  • Could newly discovered gold coins be the haul stolen by SF Mint employee in 1901? [GOLD COINS]

    02/26/2014 7:49:29 PM PST · by BunnySlippers · 113 replies
    DAILY MAIL UK ^ | 02/26/14 | STAFF
    The mysterious haul of gold coins discovered by a Northern California couple while out walking their dog – and valued at $10 million – may well be a previously undiscovered bounty that an employee of the San Francisco Mint was convicted of stealing in 1901. The couple, who haven’t been named, stumbled across the haul of 1,427 rare, mint-condition gold coins, nearly all dating from 1847 to 1894, buried in the shadow of an old tree on their Gold Country property in February 2013. The face value of the Saddle Ridge Hoard, as they’ve called it, added up to about...
  • Could newly discovered gold coins be the haul stolen by ... San Francisco Mint employee in 1901?

    02/26/2014 9:32:34 PM PST · by Uncle Chip · 26 replies
    The Daily Mail Online ^ | February 26, 2014 | CHRIS WHITE IN SAN FRANCISCO and DAVID MCCORMACK Read more: http://www.dailymail.co.uk/news/article
    Treasure hunting enthusiasts weigh in on origins of couple's $10 million findThe mysterious haul of gold coins discovered by a Northern California couple while out walking their dog – and valued at $10 million – may well be a previously undiscovered bounty that an employee of the San Francisco Mint was convicted of stealing in 1901. The couple, who haven’t been named, stumbled across the haul of 1,427 rare, mint-condition gold coins, nearly all dating from 1847 to 1894, buried in the shadow of an old tree on their Gold Country property in February 2013. The face value of the...
  • Ancient Celtic coin cache found in Netherlands

    11/13/2008 4:24:58 PM PST · by BGHater · 14 replies · 721+ views
    AP ^ | 13 Nov 2008 | AP
    A hobbyist with a metal detector struck both gold and silver when he uncovered an important cache of ancient Celtic coins in a cornfield in the southern Dutch city of Maastricht. "It's exciting, like a little boy's dream," Paul Curfs, 47, said Thursday after the spectacular find was made public. Archaeologists say the trove of 39 gold and 70 silver coins was minted in the middle of the first century B.C. as the future Roman ruler Julius Caesar led a campaign against Celtic tribes in the area. Curfs said he was walking with his detector this spring and was about...
  • Recent discovery of a Roman Coin Hoard in the Shrewsbury Area[UK][10K Coins]

    09/10/2009 8:45:56 AM PDT · by BGHater · 31 replies · 1,325+ views
    Finds ^ | 07 Sep 2009 | Daniel Pett
    A very large and important find of a hoard of Roman coins was recently discovered by a novice metal detector user in the Shrewsbury area. This is probably one of the largest coin hoards ever discovered in Shropshire. The finder, Mr Nic. Davies, bought his first metal detector a month ago and this is his first find made with it. The hoard was discovered close to a public bridleway on land that Mr Davies did not have permission to detect on. All land is owned by someone and it is important that permission to search is obtained in advance. The...
  • Palestinians find ancient coin hoard in Gaza

    01/14/2010 7:13:26 PM PST · by SunkenCiv · 9 replies · 759+ views
    Google hosted news ^ | Tuesday, January 12, 2010 | AFP
    The Hamas-run ministry of tourism and antiquities in Gaza on Monday announced the discovery of ancient artifacts near the Egyptian border town of Rafah. "The most important of the findings are 1,300 antique silver coins, both large and small," said Mohammed al-Agha, tourism and antiquities minister in the Islamist-run government. He said archaeologists had also uncovered a black basalt grinder, a coin with a cross etched on it, and the remains of walls and arches believed to have been built in 320 BC. They also discovered a "mysterious" underground compartment with a blocked entrance that appeared to be a tomb,...
  • Silver coin dating to 211 BC is oldest piece of Roman money ever found in Britain

    02/02/2010 9:15:34 PM PST · by SunkenCiv · 24 replies · 659+ views
    Daily Mail ^ | Friday, January 29th, 2010 | Daily Mail Reporter
    Dating from 211 BC and found near the Leicestershire village of Hallaton, the coin was uncovered with 5,000 other coins, a helmet and a decorated bowl. Unearthed in 2000 by a metal detectorist, staff at the nearby Harborough Museum have only just realised its significance. One side of the coin depicts the goddess Roma wearing her characteristic helmet while mythical twins Castor and Pollux sit astride galloping horses on the reverse. David Sprason, Leicestershire County Council cabinet member for communities and well-being said: 'Leicestershire boasts the largest number of Iron Age coins ever professionally excavated in Britain. 'To also have...
  • Woman who found coin ... in garden becomes first to be prosecuted for not reporting treasure [UK]

    02/26/2010 3:55:33 PM PST · by Daffynition · 143 replies · 2,748+ views
    Daily Mail ^ | 26th February 2010 | Andy Dolan and Dalya Alberge
    A woman who found a 700-year-old silver 'coin' whilst digging in her garden as a child has become the first in the country to be convicted of failing to hand in suspected treasure. Kate Harding, 23, was prosecuted under the Treasure Act after she ignored orders to report the coin-like artefact to a coroner. A court heard the silver piedfort marking Charles IV's ascension to the French throne in 1322 was discovered by Miss Harding 14 years ago as she worked in the garden with her mother at their home in Tenbury Wells, Worcestershire. Following her mother's death a short...
  • Rare coin bears good tidings for UNOs Israeli excavations

    07/05/2010 1:00:12 PM PDT · by SunkenCiv · 18 replies
    Archaeology Daily ^ | Saturday, July 3, 2010 | Omaha World Herald
    Dr. Rami Arav... is director of excavation and research at the University of Nebraska at Omaha's Bethsaida Excavations Project, a 24-year effort to uncover the archaeological mysteries of the biblical-era city. The coin, which weighs 7 grams, is 97.6 percent gold, Arav said. The find was unexpected because Bethsaida primarily was home to humble fishermen, he said. Arav said somebody must have been doing good business a little more than 100 years after the birth of Christ. The gold coin, about three-quarters of an inch in diameter, carries the image of Antoninus Pius, the 15th Roman emperor, who reigned between...
  • Huge Roman coin find for hobbyist

    07/08/2010 5:15:35 AM PDT · by csvset · 33 replies · 1+ views
    BBC ^ | 8 July 2010 | Staff
    One of the largest ever finds of Roman coins in Britain has been made by a man using a metal detector. The hoard of more than 52,000 coins dating from the 3rd Century AD was found buried in a field near Frome in Somerset. The coins were found in a huge jar just over a foot (30cm) below the surface by Dave Crisp, from Devizes in Wiltshire. "I have made many finds over the years, but this is my first major coin hoard," he said. After his metal detector gave a "funny signal", Mr Crisp says he dug down 14in...
  • $1 Coin, Now Worth $1.2 Million, Was Hoarded in 1794

    $1 coin: Americans have hoarded $1 coins since the early years of the Republic. The first silver dollars minted by the US government in 1794 are rare, so rare that one of them sold for more than $1.2 million this weekend at a Boston auction. And there's a reason for their scarcity: Even back in the first years of the Republic, people hoarded dollar coins rather than spend them. The story goes that on Oct. 15, 1794, chief coiner Henry Voigt coined 1,758 of the silver dollars and delivered them to David Rittenhouse, director of the US Mint, according to...
  • Israel Finds Rare 2,200-Year-Old Gold Coin

    08/11/2010 5:21:36 PM PDT · by BlackVeil · 37 replies
    NPR ^ | 11 Aug 2010 | anon
    Archaeologists say they have uncovered the heaviest and most valuable gold coin ever found in Israel. The 2,200-year-old coin weighs an ounce (28 grams) and was found at the Tel Kedesh site near the Lebanon border on June 22, according to Wednesday's statement from the antiquities authority. It said this coin is six times the weight of most others from that era. Donald Ariel, head of the antiquities authority coin department, said the coin dates back to the rule of the Iraq-based Seleucid Empire, though it was minted by the rival Egyptian Ptolemies. Ariel said the coin's image may represent...
  • WTC Ship Gives Up Lucky Coin

    09/10/2010 7:06:18 PM PDT · by SunkenCiv · 8 replies
    Discovery News ^ | Friday, September 10, 2010 | James William
    Lucky coin? Ever since the 2nd century B.C. -- not long after Romans began minting coins -- shipbuilders have been slipping a coin into the structure of their ships. It's a tradition that continues today. In fact, the USS New York -- made partially from steel recovered from the World Trade Center towers -- did it as well (see "What is Stepping the Mast?"). For the ancient Romans it was likely a continuation of religious customs. Now it's just a tradition and done for good luck. So we didn't find it during the five days we were actually excavating it....
  • A Medieval Coin in New England Soil

    09/12/2010 3:35:25 PM PDT · by SunkenCiv · 21 replies
    Beachcombing 'blog ^ | September 11, 2010 | eponymous blogger
    It was only when the coin was later identified as Viking that the game heated up. By then poor Mellegren -- who, Beachcombing must say was someone with a reputation for integrity -- had passed away. Beachcombing has no illusions about much of the nonsense written about pre-Columbian visits to North America. But in this case he would give a thumb and a half followed by two cheers and three quarters. There is a good chance that this really is what it seems: A European coin that found its way to North America in the twelfth century. Minted in Norway,...
  • Emperor Caligula Gold Coin Found Underwater Near Cyprus

    08/27/2012 7:05:53 PM PDT · by SunkenCiv · 24 replies
    Greek Reporter (Source: onair24) ^ | August 21, 2012 | Marianna Tsatsou
    A significant archaeological finding, a gold coin, has been reported discovered underwater in the area between Limassol and Larnaca by a local amateur fisherman. According to Cypriot authorities, the coin is of great value. Cypriot media reported that it dates back to the first century A.D. and depicts the third Roman emperor called Caligula, well-known for his fierce and brutal policy during his reign. On this coin, Caligula is sacrificing an animal before the Temple of Augustus, which is constituted by six pillars. Many coins of the same age have been found over the course of time, but this one...
  • How to follow the money in rare-coin collecting

    09/06/2012 6:26:16 AM PDT · by shove_it · 11 replies
    Market Watch ^ | 6 Sep 2012 | David B. Wilkerson
    <p>This 1898 Liberty Head Half-Dollar is an example of a coin that received one grade and, upon resubmission, earned a higher grade — and thus a higher market value.</p> <p>CHICAGO (MarketWatch) — Coin dealer James DiGeorgia saw it for just a moment — a rare Roman gold coin he found extremely desirable — but he hesitated before deciding to buy it.</p>
  • Judge: Family’s $80 Million Gold Coin Collection Belongs to Uncle Sam

    09/08/2012 11:35:22 PM PDT · by grundle · 96 replies
    theblaze.com ^ | September 8, 2012 | Erica Ritz
    A judge has ruled that ten rare gold coins worth roughly $80 million belong to the U.S. government, not the family that possessed them, according to ABC News. In 2003 Joan Langbord and two other family members opened a safety deposit box that belonged to Langbord’s father, Philadelphia coin dealer Israel Switt, and found the valuable collection. When they asked the Philadelphia Mint to authenticate the find, the coins were apparently seized without compensation and taken to Fort Knox. The 1933 Saint-Gaudens double eagle is “one of the most sought-after rarities in history,” according to Courthouse News. Originally valued at...
  • Calif. couple strike $10 million gold-coin bonanza

    02/25/2014 2:15:04 PM PST · by Theoria · 61 replies
    AP ^ | 25 Feb 2014 | John Rogers
    <p>A Northern California couple out walking their dog on their property stumbled across a modern-day bonanza: $10 million in rare, mint-condition gold coins buried in the shadow of an old tree.</p> <p>Nearly all of the 1,427 coins, dating from 1847 to 1894, are in uncirculated, mint condition, said David Hall, co-founder of Professional Coin Grading Service of Santa Ana, which recently authenticated them. Although the face value of the gold pieces only adds up to about $27,000, some of them are so rare that coin experts say they could fetch nearly $1 million apiece.</p>
  • Swap your gold shares for coins, ETF firm offers

    08/22/2013 9:57:02 PM PDT · by DeaconBenjamin · 2 replies
    Telegraph (UK) ^ | 7:01PM BST 22 Aug 2013 | By Kyle Caldwell
    Index fund provider ETF Securities has teamed up with Government-owned coin maker Royal Mint to offer investors with shares in its leading exchange traded fund ETFS Physical Gold the option of cashing in shares for physical bullion coins. Exchange traded funds have mushroomed in recent years as a highly popular way for private investors to own gold. Real holdings of gold, stored in bank vaults, are represented by shares which trade daily on the London Stock Exchange. This makes it possible for investors to buy and sell cheaply – and in relatively small quantities. Investors can choose to receive Britannias...
  • Unlearning Afghanistan

    07/10/2013 3:34:38 PM PDT · by JerseyanExile
    Canadian Military Journal ^ | Summer 2013 | Bob Martyn
    The peace we think we have is only an interregnum before another cycle of conflict ~ Robert Kaplan, The Coming Anarchy, 2000Respected American journalist and foreign correspondent Robert Kaplan’s quote is poignantly foreshadowing, being published when the Canadian Armed Forces (CAF) were winding down from the most onerous of the Balkan operations in Bosnia and Kosovo, yet before being thrust into Afghanistan. As Western nations look beyond our current combat operations in Iraq and Afghanistan, questions arise regarding the reconstitution of our military forces. This is not a particularly new practice; peacetime armies have traditionally faced budget cuts and down-sizing,...
  • Travesty: David Petraeus apologizes for Sex, should apologize for COIN and Benghazi

    04/02/2013 7:02:38 AM PDT · by Opinionatedtoday · 16 replies
    Canada Free Press ^ | Marinka Peschmann
    Former famed CIA director David Petraeus apologized last week for his blackmail-able extramarital affair with sycophant author Paula Broadwell that “caused such pain for [his] family, friends and supporters,” during an event honoring the military at the University of Southern California. While it must have been devastating for his wife Holly of 37 years to have to go to the family doctor to be tested for sexually transmitted diseases thanks to her husband’s infidelity and lies—something all spouses and partners need to do under such circumstances, that is between them. The truth is Petraeus is getting off easy. Sex has...
  • Ancient Chinese coin found on Kenyan island by Field Museum expedition

    03/14/2013 11:12:05 AM PDT · by Red Badger · 40 replies
    Phys.Org ^ | 03-14-2014 | Provided by Field Museum
    A joint expedition of scientists led by Chapurukha M. Kusimba of The Field Museum and Sloan R. Williams of the University of Illinois at Chicago has unearthed a 600-year-old Chinese coin on the Kenyan island of Manda that shows trade existed between China and east Africa decades before European explorers set sail and changed the map of the world. The coin, a small disk of copper and silver with a square hole in the center so it could be worn on a belt, is called "Yongle Tongbao" and was issued by Emperor Yongle who reigned from 1403-1425AD during the Ming...
  • Rare Roman coin found in Acle only the second of its kind

    02/09/2013 4:38:46 PM PST · by SunkenCiv · 27 replies
    edp24 ^ | Friday, February 8, 2013 | Lauren Rogers
    An incredibly rare Roman coin discovered in Acle has been donated to Norwich Castle Museum. The coin -- only the second of its kind known in the world -- was unearthed by Dave Clarke during the Springfield archaeology dig last summer. Acle Parish Council has sent the ancient artefact to Norwich where it may go on display and will be used by experts to identify and date other coins. The coin dates from AD 312 when Emperor Constantine I ruled the Roman world. The only other example was found in the 18th Century and is on show in Lisbon. One...
  • Rare 1913 Liberty Head nickel expected to fetch millions at auction

    01/29/2013 6:38:25 AM PST · by Red Badger · 22 replies
    CBS ^ | 01/29/2013 | Staff
    RICHMOND, Va. A humble 5-cent coin with a storied past is headed to auction and bidding is expected to top $2 million a century after it was mysteriously minted. The 1913 Liberty Head nickel is one of only five known to exist, but it's the coin's back story that adds to its cachet: It was surreptitiously and illegally cast, discovered in a car wreck that killed its owner, declared a fake, forgotten in a closet for decades and then found to be the real deal. It all adds up to an expected sale of $2.5 million or more when it...
  • Trillion Dollar Coin Idea Dies Sudden Death

    01/13/2013 9:37:31 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | January 13, 2013 | Mike Shedlock
    At long last, a stupid, as well as illegal idea dies on the vine. Bloomberg reports
  • If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

    01/12/2013 11:20:33 AM PST · by SeekAndFind · 18 replies
    Townhall ^ | 01/12/2013 | Michael Snyder
    If Barack Obama can "solve" the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money? As another debt ceiling showdown approaches, many in the liberal media are suggesting that if Congress does not raise the debt ceiling that Obama should just have the U.S. Treasury create a trillion dollar platinum coin and use it to pay our bills. It sounds crazy, but many notable voices (including Paul Krugman of the New York Times) are supporting this idea. But if the federal government has had the power to create trillion...
  • Can a $1 Trillion Coin End Debt Ceiling Crisis?

    01/04/2013 12:51:00 PM PST · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 01/04/2013 | Charles Riley
    What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin? That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion. Of course, this is not going to happen. Creating money out of thin air is hardly a solution. It could lead to even more concerns from those worried about inflation. Critics of the Federal Reserve's monetary easing programs would likely...
  • Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

    12/08/2012 10:32:31 AM PST · by SeekAndFind · 162 replies
    Townhall ^ | 12/08/2012 | Guy Benson
    Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:   Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able to borrow enough money...
  • NET CALL UPDATED

    11/10/2012 6:36:08 PM PST · by military cop · 22 replies
    Blood, Sweat, Tears | 11/9/2012 | Military Cop
    This post is written in anger and frustration. Angry that we continue to follow the Republican Party’s elite ignorance. A party that continues to pull defeat from the jaws of victory characterized by pompous fools who fulfill the sterotype built by the left. Frustrated that the reality of politics is this: There will be no third party capable of competing with the coalition constructed by the dems. As a result, true conservatives MUST take steps to irradicate the ignorance of the Republican Party while still adhering to the core values of our forefathers (beliefs that I discovered are considered extreme...
  • US Army Colonel Reveals Failure of COIN and Barbarism of Afghans

    10/10/2012 11:18:31 PM PDT · by Neil E. Wright · 16 replies
    Front Page Magazine ^ | October 10, 2012 | Daniel Greenfield
    The letter from Colonel Harry Tunnell is making its rounds around the internet, but here are some choice and relevant excerpts. But first a shot bio of Tunnell. Tunnell had been gravely wounded in Iraq, where he led a battalion of paratroopers with the 173rd Airborne Brigade. (snip) SNIPBy the time Tunnell took over the brigade, every other infantry commander preparing to go to Iraq or Afghanistan was using Gen. Petraeus’ COIN manual as his lodestar. But not Tunnell. He told his soldiers that their approach to security operations would be drawn from an Army manual that outlined counterguerrilla operations,...
  • Rare $3 gold coin worth $4 MILLION goes on auction..

    05/17/2012 6:17:32 AM PDT · by C19fan · 4 replies
    UK Daily Mail ^ | May 17, 2012 | Staff
    A $3 cold coin is expected to fetch $4 million when it goes up for auction next month. The 1870-S is one of just two ever made and is one of the rarest coins in US history. It was discovered in a San Francisco bookshop in 1997 by a European tourist, who found it glued to the inside pages of a souvenir book.
  • Canada's newest coin glows in the dark

    04/12/2012 9:36:45 AM PDT · by DeoVindiceSicSemperTyrannis · 20 replies
    Yahoo News ^ | 4-11-12
    The Royal Canadian Mint just can't sit still. Like a hyperactive kid, it has revamped Canadian cash, first introducing plastic bills and then killing the penny. Now it wants people to play with glow-in-the-dark quarters. The mint's latest collectible coin features a dinosaur whose skeleton shines at night from beneath its scaly hide. It's actually two images on one face, which could be a world's first. The other side depicts Queen Elizabeth. Her Majesty does not glow in the dark. Made of cupronickel, the coin has a face value of 25 cents but is much larger than a regular Canuck...
  • Biden: US scrapping dollar coins to save government money

    12/13/2011 1:22:59 PM PST · by SMGFan · 60 replies
    The Hill ^ | 12/13/11 | By Daniel Strauss
    Vice President Biden announced Tuesday that the U.S. Mint would discontinue production of presidential dollar coins. Stopping production of the coins is part of the Obama administration’s Campaign to Cut Waste. Biden’s announcement came at a Cabinet meeting focused on that campaign.
  • At Pentagon, COIN Losing Currency

    12/04/2011 7:06:42 AM PST · by MontaniSemperLiberi · 15 replies
    realclearpolitics ^ | December 4, 2011 | David Ignatius
    As Defense Secretary Leon Panetta prepares his recommendations for Pentagon budget cuts, he is likely to reduce the military's resources for future, large-scale counterinsurgency operations of the sort that were ballyhooed just a few years ago in Iraq and Afghanistan. The boom in "COIN," as these operations are known, has proved to be something of a bubble. Budget pressures have curbed the appetite for the ambitious, "protect-the-population" missions that were promoted with such enthusiasm by Gen. David Petraeus and Gen. Stanley McChrystal. The focus increasingly is on raids by the tighter, more kinetic Special Operations Forces, which are seen as...
  • Small Weapons for Light Fighters

    10/12/2011 9:15:11 PM PDT · by sukhoi-30mki · 29 replies
    Defense Update ^ | 10/12/2011
    Small Weapons for Light Fighters In the recent weapon test campaign AT-6 completed firing of 2.75” unguided rockets, conducted captive carry test with guided 2.75" rockets and dropped general purpose bombs, four GBU-12, and four GBU-58 laser guided bombs (LGB - above), all LGBs scored direct hits. Additional tests are planned with other weapon types including Raytheon Griffin 35-lb. GPS/laser-guided bomb and Hellfire guided missile from Lockheed martin.. Under the U.S. Air National Guard evaluation of a future Light Attack and Armed Reconnaissance (LAAR) to be operated by the U.S. and Afghan air forces, the Air Force is seeking a...
  • South Africa's AHRLAC draws numerous potential buyers

    09/29/2011 4:00:35 AM PDT · by sukhoi-30mki
    Flight Global ^ | 27 Sep 2011 | Craig Hoyle
    South Africa's AHRLAC draws numerous potential buyers Craig Hoyle London 05:01 27 Sep 2011 South Africa's newly unveiled advanced high-performance reconnaissance light aircraft (AHRLAC) design has already attracted significant market interest, according to its main industrial backer. Paramount Group executive chairman Ivor Ichikowitz told Flightglobal that negotiations are already underway with several air forces in Africa, eastern Europe, Latin America and the Middle East, with further interest also coming from other European nations. "The real interest is from the developed, first-world markets," he said. Early demand is being placed mostly on the proposed high-end, armed version of the aircraft, but...
  • South African arms company unveils first African-made military plane

    09/27/2011 10:50:17 AM PDT · by sukhoi-30mki · 25 replies
    The Associated Press ^ | 09/27/2011 | Gillian Gotora
    South African arms company unveils first African-made military plane By: Gillian Gotora, The Associated Press PRETORIA, South Africa - The first military aircraft designed and built by African companies was unveiled Tuesday by a South African arms company which said it had already received orders for the lightweight plane. Ivor Ichikowitz, head of Johannesburg-based arms maker Paramount Group, called the plane a breakthrough, but experts said its simple design was similar to planes produced by other countries, and said it will have tough competition. Ichikowitz said the AHRLAC plane can be used for peacekeeping missions and reconnaissance and is armed...
  • Good Credit + Government Program = Millions of Free Frequent Flyer Miles

    07/21/2011 5:27:20 PM PDT · by Gamecock · 23 replies
    Hartford Advocate ^ | 13 July, 2011 | Sam Tracy
    Despite the headline, the US Government is not giving out frequent flyer miles to anyone with good credit. At least, not directly. The background: The United States government recently minted about $1 billion in gold coins. Each coin is worth a dollar, much like the well-known Sacagawea coin, and each one is printed with a different president. It was supposed to be part of a series of coins that would eventually feature every single president, but they’re only partway through the list. Unfortunately, they have been having trouble getting them into circulation, because no one really wants $1 coins all...
  • $1 Billion That Nobody Wants (dollar coins)

    06/29/2011 12:38:29 PM PDT · by Aroostook25 · 107 replies
    NPR ^ | June 28, 2011 | Robert Benincasa and David Kestenbaum
    Politicians in Washington hardly let a few minutes go by without mentioning how broke the government is. So, it's a little surprising that they've created a stash of more than $1 billion that almost no one wants. Unused dollar coins have been quietly piling up in Federal Reserve vaults in breathtaking numbers, thanks to a government program that has required their production since 2007. And even though the neglected mountain of money recently grew past the $1 billion mark, the U.S. Mint will keep making more and more of the coins under a congressional mandate. The pile of idle...
  • Our Sharia-Compliant Afghan War

    06/25/2011 10:00:32 AM PDT · by ventanax5 · 23 replies
    National Review ^ | Andrew C. McCarthy
    In a better time, when the burdens of war were shared by an engaged nation and not shouldered exclusively by military families making up less than 1 percent of the population, the high farce that is the Afghanistan mission would have been obvious before President Obama uttered one word on Wednesday night. All you’d need to know is the story that came to light the day before. Turns out that the U.S. government has embraced a core tenet of sharia — that archaic corpus of Islamic law that Mitt Romney recently assured us would never gain traction in America. Patrick...
  • AT-6 Seen As Versatile Combat Aircraft

    05/18/2011 8:09:29 PM PDT · by sukhoi-30mki · 36 replies · 3+ views
    Aviation Week and Space Technology ^ | May 18, 2011 | David Fulghum
    AT-6 Seen As Versatile Combat Aircraft By David Fulghum Washington The turboprop-powered T-6 Texan II began life as a trainer and then morphed into the AT-6 light attack aircraft for the Greek air force. Now, as the AT-6B/C, it is promising to become an inexpensive path to network-centric operations, precision strike and advanced surveillance for other air forces. Nor is there a foreseeable end to the development potential envisioned for the two-seater. It offers 1,600 shp, 5-6-hr. endurance and an A-10C cockpit—a combination that’s being created by the team of Hawker Beechcraft and Lockheed Martin. As for what a light...
  • Hackney hoard of gold coins fails to count as treasure, court rules

    04/25/2011 3:13:38 PM PDT · by Palter · 14 replies
    Hackney Citizen ^ | 25 April 2011 | Alex Hocking
    Finders fail to become keepers as Ł100,000 worth of American money is returned to the family of its original owner The glass jar contained 80 American coins dating from 1854. Photograph: Hackney CouncilA hoard of gold coins found in Hackney by a local resident in 2007 does not qualify as treasure and should be returned to the descendent of the man who originally buried them, ruled an inquest last week (Monday 18 April).In 2007, Hackney resident Terence Castle was digging a frog pond with three others in a back garden in Stamford Hill when they struck suddenly struck gold, discovering...
  • U.S. Wants COIN Aircraft For Foreign Training

    04/19/2011 8:52:54 PM PDT · by sukhoi-30mki · 16 replies
    AviationWeek.com ^ | Apr 19, 2011 | Graham Warwick, Bill Sweetman
    U.S. Wants COIN Aircraft For Foreign Training By Graham Warwick, Bill Sweetman Washington, Washington For a time it looked as if the wars in Iraq and Afghanistan might spark demand for dedicated counterinsurgency (COIN) aircraft, the way Vietnam gave new life to the A-1 Skyraider and spurred development of the OV-10 Bronco. A little more than two years ago, the U.S. Air Force envisioned operating a fleet of 100 light-attack/armed reconnaissance aircraft as part of a specialized irregular-warfare wing, and the Navy was evaluating an organic light-attack platform for its special operations forces. Now it looks unlikely that U.S. forces...