Diamond State Depository President Michael Clark Passes Away
Diamond State Depository President Mike Clark passed away Friday, August 2, 2013, at the age of 66 after a brief battle with cancer. Clark will be remembered for his distinguished career in the precious metals and banking industries.
Schuler triples production area in Chinese Dalian
The world’s largest press manufacturer, Schuler, has more than tripled its capacity at its production facility in Dalian. The new plant allows production in line with German standards and safety norms. In total, more than 350 people are working for Schuler in China.
Schuler on track
The latest figures of Schuler AG confirm expectations for a stable fiscal year 2012/13. Growth in Germany and the Americas compensated for shortfalls in other regions.
Degussa acquires precious metals dealer SilviOr
Degussa Goldhandel (Gold Trade Group) is expanding its product portfolio with immediate effect in the field of precious metals storage with the acquisition of the precious metals dealer, SilviOr GmbH, of Würzburg.
Jane Austen inflames passion
The Bank of England decided that Jane Austen will feature on a new banknote after the only woman would be substituted by Sir Winston Churchill. Women who had suggested and supported this decision received threats on Twitter. Now Police is investigating.
Canadian Government strives to keep Cent for Themselves
Canada stopped minting its penny in May 2012. The coin is being recalled, but it is also still technically legal tender. Since the coin remains as legal tender it continues to be illegal for anyone other than the Royal Canadian Mint to melt it. A monopoly which is being challenged.
Andorra has chosen designs for new euro circulation coins
The Principality of Andorra plans to issue circulation euro coins from January 1, 2014. After a competition the chosen designs are to be approved by the European Commision. The coins will be minted at the Spanish and French Mints.
Austrian Mint top managers accused of corruption
Top managers of the Austrian National Bank and its subsidiaries comprising the Austrian Mint are among others accused of having concluded, between 2005 and 2011, international contracts concerning the production of banknotes and coins by bribery. Impending payments amount of several millions.
No good signal for unity in the EMU
This was a reader’s letter published in the German newspaper ‘Oberhessische Presse’ in Marburg on June 3, 2013. It referred to an article discussing the possible elimination of the 1 and 2 cent coins.
Heritage, USA-Chicago
The ‘King of Coins’ was just one highlight of Heritage’s three-day, $28+ million rare coin auction held in, Aug. 13-17, in Chicago. Many other rare US coins attracted collectors as well.