Almanac of United States Coins
Whitman Publishing has released the first edition of a new book, the Almanac of United States Coins. The full-color Almanac is designed as an illustrated catalog of useful and entertaining information for newcomers to the hobby as well as longtime coin collectors.
Maple leaf on new Canadian banknotes irritate public
The new Canadian banknotes arose strong criticism. According to botanists instead of the national emblem, the sugar maple leaf, they show a Norwegian maple leaf. The Bank claims the leaf to be a stylised mix of various maples. However, this discussion would have been avoided if design had been subordinated to meaning.
Crane Co. to acquire MEI Conlux Holdings
Crane Co., a diversified manufacturer of highly engineered industrial products, has signed an agreement to purchase 100% of the equity interests in MEI, a leading provider of payment solutions for unattended transaction systems, from Bain Capital and Advantage Partners.
Sellers of 9/11 bogus coins to pay $750,000
In 2011 a company sold on its own initiative 9/11 coins calling them ‘exclusively authorized’ – without having been authorised at all. The Federal Trade Commission has now reached a $750,000 settlement with the company.
Senator insists on terminating $1 Presidential coins
A senator introduced a bill to stop the $1 Presidential Coin Programme. There is, however, no apparent reason. In 2011 the same senator fought against the waste of resources when an overproduction of Presidential coins for circulation created costs. Now, these coins are only collector items.
US State Virginia considering alternative currency instead of Dollar
In the US state Virgina a bill has been passed in the House of Delegates to study the possibilities of introducing an alternative currency. Similar bills are pending in other states, too. The monetary union of the United States seems to be endangered.
Canada’s penny to be phased out
On February 4, 2013 the Royal Canadian Mint has stopped shipping out pennies and the 35 billion pennies in circulation will be collected and melted down.
India to replace 10-rupee note with coin
India plans to shift to a 10-rupee coin phasing out the banknote due to economical reasons. However the banks are not willing to support this plan since they think people prefer carrying banknotes and would refuse the new coin.
Poland to eliminate smallest denomination
The National Bank of Poland is planning to abolish the 1 and 2 grosz coins, the smallest denominations equalling around the third of a US penny and its double respectively. Due to the inflation in the last decades the production has become highly unprofitable.
Collecting coins in China based on harmony
Peter Anthony, expert on Chinese modern coins, explains why the concept of harmony applies not only to the Chinese society in general but to Chinese numismatics in particular as well.