European Commission calls on Germany to change its rules on VAT concerning art objects (among them coins)
The European Commission has officially asked Germany to change its VAT rules as regards the application of a reduced VAT rate to the supply of works of art and collectors’ items. Germany’s current rules are incompatible with EU law.
German Dealers’ Associations are protesting in strongest terms against this change.
Padre Pio – Italy’s holy thaumaturge
Padre Pio is arguably the most popular Saint of Italy. In occasion of his 125th anniversary the Coin Invest Trust issues a gold coin in two variations on behalf of the Principality of Andorra.
Austrian contribution to Europa Silver Program “Artists” 2012
The Austrian Mint has issued a new 20 euro silver coin celebrating world-renowned artist Egon Schiele. The coin is Austria’s contribution to the European Union’s collaborative silver program “Artists” in which 14 countries are participating this year.
Dillon Gage expects new gold highs
Terry Hanlon of Dillon Gage Metals analyses the situation of the gold market. Prices raced high recently but he even expects values higher than during the 2011 peaks in the later part of 2012. Yet $2,000 or 2,100 might be possible according to the expert.
Definitions – Work in Progress: Blank
We are working on an encyclopedia of technical terms used by the coin producing industry. Help us by doing so! Today’s definition is dedicated to the term „blank“.
Hungary’s Central Bank Burns Its Cash
Hungary’s Central Bank converts withdrawn banknotes into briquettes for fuelling that are given to charity organisations. Each year approximately a quarter of the banknotes in circulation make 40 to 50 tons of briquettes that save lives during the cold snap.
Could Palestine issue its own currency?
Following the Palestinian Authority’s September 14 2011 announcement that a post office accompanied by distinctively Palestinian stamps was being established the question regarding if a Palestinian currency system perhaps using both coins and bank notes might also be around the corner.
India Grapples with Small Change Dilemma
Projecting future demand for coins and bank notes should be part of the logistical economic considerations planned by any government. Unfortunately for India the demand for “small change” in both mediums continues to outstrip the supply. Richard Giedroyc is composing a picture of the situation for us.
New coins for the Solomon Islands
The Central Bank of Solomon Islands (CBSI) announced that the Solomon Islands will replace its current set of circulation coins with attractive new coins in July 2012.
Hungarian Mint Ltd. has won five times People’s Choice Award – We did ask why
In 2008 Krause Publications invented the People's Choice Award, which is handed to the favorite coin of Internet voters during the Coin of the Year Award ceremony. Since then the Hungarian mint has won each of these awards.