Consumer Alert

Mystery Babylon: Revelations Lead to Fraud Convictions for “End of the World” Gold Scammers

Mystery Babylon: Revelations Lead to Fraud Convictions for “End of the World” Gold Scammers

Former politician Larry Bates played on the beliefs of fellow Christians to sell gold and silver that he never delivered By Hubert Walker for CoinWeek ….   Seventy-year-old Larry Bates is a talk radio CEO, a former Tennessee state representative, and a gold and silver bullion dealer. Now, after a five-week trial in Memphis back […]

Dealing With Criminals: Coin Dealers, Security Experts Weigh in on Safety at Coin Shows

Dealing With Criminals: Coin Dealers, Security Experts Weigh in on Safety at Coin Shows

Coin theft is one of the biggest threats coin dealers face, whether they are working out of a brick-and-mortar storefront or attending coin shows halfway across the country By Joshua McMorrow-Hernandez for CoinWeek.com ……   It doesn’t matter how big a show is or where it’s held, all coin shows present inherent security risks. It […]

Gold & Silver PAC February 2017 e-Newsletter

Gold & Silver PAC February 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC …..   From the Political Coordinator As I was sitting down to talk with an old friend over coffee, he turns to me and says, “I think frankly when it comes to chaos you ain’t seen nothing yet.” This Washington veteran, who began his career as an […]

Consumer Protection News – Anti-Counterfeit Task Force Formed

Consumer Protection News – Anti-Counterfeit Task Force Formed

Beth Deisher Hired as Director By Industry Council for Tangible Assets …..   The Industry Council for Tangible Assets (ICTA) has formed a task force to mobilize law enforcement resources to protect the integrity of U.S. coinage by educating officials on the economic impact and growing threat counterfeit circulating, collectible and bullion coins pose to […]

NCIC: Reward Offered for Recovery of Stolen Coins

NCIC: Reward Offered for Recovery of Stolen Coins

By Numismatic Crime Information Center …….   On Friday January 6, 2017, during the FUN Show, the hotel room of a collector was burglarized, resulting in the loss of 19 coins, mostly US Bust Half-Dollars. An itemized list appears below. The total value exceeds $40,000 USD. Fort Lauderdale police and Doug Davis of the Numismatic […]

Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild. In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG. “Buyers today may be […]

CoinWeek News Wire for November 11, 2016

CoinWeek News Wire for November 11, 2016

By Coinweek ….   CoinWeek News Wire for November 11, 2016 Current Events 1.) Some Central Florida toll booths not registering $1 coins Central Florida Expressway Authority officials said they weren’t aware of the problem until Channel 9 brought it to their attention… Under the Radar 2.) Commemorative Singapore Botanic Gardens coin unveiled A commemorative coin showcasing iconic features of […]

By November 11, 20160 Comments Read More →
CoinWeek News Wire for October 28, 2016

CoinWeek News Wire for October 28, 2016

By Coinweek ….   CoinWeek News Wire for October 28, 2016 Brain Food 1.) Is It Illegal to Deface US Currency? While this video may be ridiculously awesome, because Bill Murray is super cool, have you ever wondered if it is illegal to deface or alter a U.S. bank note? 2.) 7 Tips For Surviving Your […]

CoinWeek News Wire for October 14, 2016

CoinWeek News Wire for October 14, 2016

By CoinWeek ….   CoinWeek News Wire for October 14, 2016 Brain Food 1.) A guide to valuing all your old Irish coins (PHOTOS) Between the formation of the Republic of Ireland, the shift towards decimalization, and the introduction of the Euro, Irish currency underwent a great number of changes over the past 100 years, resulting […]

NCS Conservation: Special Concerns For Gold Coins

NCS Conservation: Special Concerns For Gold Coins

Although gold coins are less impacted by environmental effects than silver and copper coins, they are not completely impervious to such damage Even though gold is the most stable metal typically used to make coins, a gold coin or one that is mostly gold is not impervious to the perils of poor long-term storage. Problems […]

NCIC: Sting Nets Arrests in Coin Dealer Vehicle Burglaries

NCIC: Sting Nets Arrests in Coin Dealer Vehicle Burglaries

By Numismatic Crime Information Center …….   On August 27, 2016 Thomas Gintz, owner of A & E Coin in Dover, Ohio had attended the Blue Ridge Numismatic Association coin show in Dalton, Georgia. After leaving the show he drove approximately 150 miles and stopped at a restaurant in Lenoir City, Tennessee. Gintz was in […]

Gary Adkins Receives 2016  Professional Numismatists Guild Lifetime Achievement Award

Gary Adkins Receives 2016 Professional Numismatists Guild Lifetime Achievement Award

Gary Adkins (center) received the 2016 Professional Numismatists Guild Lifetime Achievement Award from PNG President Dana Samuelson (left) and PNG Executive Director Robert Brueggeman (right). Gary Adkins of Minneapolis, Minnesota, who served as President of the Professional Numismatists Guild (PNG) from 2007 to 2009 and is the current Vice President of the American Numismatic Association […]

How Big Is the Rare Coin Counterfeiting Problem?

How Big Is the Rare Coin Counterfeiting Problem?

By Jeff Garrett for Numismatic Guaranty Corporation ……   The issue of counterfeiting rare coins has been around for a very long time For years, the numismatic industry has dealt effectively with the problem of counterfeiting rare coins. You can read numismatic journals from the 19th century and realize that collectors were dealing with the problem […]

Numismatic Literary Guild Has Huge Plans For ANA Convention

Numismatic Literary Guild Has Huge Plans For ANA Convention

The Numismatic Literary Guild has big doings planned for the 2016 World’s Fair of Money in Anaheim, California. As always, Thursday will be NLG Day at the show – the day when the Guild will hold its two major annual events, the NLG Symposium and Bash. This year, that date will be Aug. 11. At […]

5 Ways You Can Avoid Falling for Counterfeit Coins

5 Ways You Can Avoid Falling for Counterfeit Coins

By Littleton Coin Company ………..   There’s been a lot of buzz lately in the numismatic world about counterfeit coins – especially those coming from China. Counterfeiting is as old as coins themselves. However, the biggest problem with these newer fraudulent coins is that better technology makes them harder to detect – since they appear […]

Northwest Territorial Mint Bankrupt, Bullion Buyers May Lose Millions

Northwest Territorial Mint Bankrupt, Bullion Buyers May Lose Millions

By Charles Morgan and Hubert Walker for CoinWeek …..   In what began as a dispute between a landlord and his tenant has exploded into a slow motion train wreck, placing the judgment, character, and business practices of one of the industry’s more polarizing personalities, Ross Hansen [above] into focus and putting the future of […]

Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild (PNG). The PNG is a nonprofit organization composed of many of the country’s top numismatic experts. Counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion […]

Counterfeit Coin Detection – Fake $5 Indian Half Eagle with “Stock Reverse”

Counterfeit Coin Detection – Fake $5 Indian Half Eagle with “Stock Reverse”

Counterfeit 1915-S $5 Indian Gold Half Eagle / stock reverse By Max Spiegel – Numismatic Guaranty Corporation ……   NGC receives countless fakes struck from stock dies. Many counterfeits, especially gold coins, were struck from stock dies, which were reused on multiple issues. A counterfeiter saved time and money by using one die, such as […]

Danbury Mint “Land of the Free” Quarters Slam Collectors in the Pocket Book

Danbury Mint “Land of the Free” Quarters Slam Collectors in the Pocket Book

By Joshua McMorrow-Hernandez for Coinweek ……. Ever heard of “Land of the Free” State Quarters? Probably not, unless you stumbled across a recent Danbury Mint Facebook advertisement selling these rebranded America The Beautiful Quarters under the label “Land of the Free State Quarters”. This particular advertisement raises eyebrows for several reasons, not the least of […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

By Ron Drzewucki – www.moderncoinwholesale.com ….   Link to Part 1 | Part 2 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax […]

How The Royal Mint  is Attempting to Redefine “Legal Tender” for Collector Coins

How The Royal Mint is Attempting to Redefine “Legal Tender” for Collector Coins

By Charles Morgan and Hubert Walker for CoinWeek ……   Royal Mint Refusal to Redeem Commemorative Coins at Face Value Calls Into Question Value of Modern Collector Issues from the UK The Royal Mint of the United Kingdom, one of the world’s leading mints and manufacturers of circulating and commemorative coins, has established a disturbing […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

By Ron Drzewucki – www.moderncoinwholesale.com ….   Link to Part 1 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code applicable in […]

Consumer Advice – Coin Scam Victims – Where To Turn For Help

Consumer Advice – Coin Scam Victims – Where To Turn For Help

What do you do when a gold seller fails to deliver or the merchandise you received was not as described when you ordered it? Who can you contact for help when you don’t receive payment for coins you’ve submitted to sell? In two recent cases, “Howard” in Mississippi wired $20,000 several months ago to a […]

By December 29, 20150 Comments Read More →
Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

By Ron Drzewucki – www.moderncoinwholesale.com ….   There’s no denying that the internet has changed our world dramatically over the last 20 years. When describing the impact that it’s had on our lives–and not just in the United States but all over the world–socially, economically and culturally, “revolutionary” is not too strong a word. What […]

Fraud Alert UPDATE – Counterfeit Cashier’s Checks Being Used to Buy Gold

Fraud Alert UPDATE – Counterfeit Cashier’s Checks Being Used to Buy Gold

By Numismatic Crime Information Center …….   UPDATE OCT 26th – Suspects Arrested …….. A group of suspects have been arrested for passing over $400,000 in counterfeit cashier’s checks to coin dealers. Victims from California to Florida have come forward. The following suspects are in custody and being held on $750,000 bond. Danny Rashee O’Connor Debra Eudy Jessica […]

Consumer Alert: The $80/oz Silver Sales Pitch

Consumer Alert: The $80/oz Silver Sales Pitch

By CoinWeek Staff Reports….   A reader sent us an email last week, telling us about something his wife received in the mail. It was an offer for something called the “Unclaimed Silver Program” from the United States Commemorative Gallery. The advertisement, which addressed her personally, stated that the company had “unclaimed” bars of silver […]

By September 24, 20150 Comments Read More →
FBI: The Case of the Corrupt Coin Dealer

FBI: The Case of the Corrupt Coin Dealer

By Federal Bureau of Investigation ….   Fraudster Targeted Elderly Victims Financial fraud comes in all shapes and sizes. And while corporate criminals, inside traders, and Ponzi schemers often cause their victims to lose millions of dollars, the case of the crooked coin dealer from New York illustrates that even relatively small-time fraudsters must answer […]

Preview of May-June Issue of CONECA Errorscope

Preview of May-June Issue of CONECA Errorscope

By CONECA….   The Combined Organizations Of Numismatic Error Collectors Of America (CONECA) has just sent the May-June 2015 issue of its bimonthly journal, Errorscope, to press. Members will be receiving the color version online at the beginning of May, while the black and white hardcopy version will be in members’ mail boxes soon after. […]

Industry Teamwork Defeats Repeal of Maryland’s Hobby Sales-Tax Exemption

Industry Teamwork Defeats Repeal of Maryland’s Hobby Sales-Tax Exemption

By Industry Council for Tangible Assets (ICTA)….   Whitman Coin & Collectibles Expo lobbyist Dennis Rasmussen, Maryland numismatic businesses and collectors, and the Industry Council for Tangible Assets (ICTA) collaborated to defeat legislation to repeal the sales-tax exemption for rare coins, paper money, and precious metals. Maryland General Assembly House Bill 903 (HB903), “Sales and […]

Minimize Risk Of TSA Confiscating Your Precious Metals, Rare Coins, Or Cash

Minimize Risk Of TSA Confiscating Your Precious Metals, Rare Coins, Or Cash

Commentary on Precious Metals Prepared for CoinWeek.com By Patrick A. Heller Last week, a woman contacted me with a problem. She was preparing to take a domestic flight the next day carrying 15 US $20.00 Double Eagles in her purse. Like many of you, she has seen the significant recent media coverage about government officials […]

 
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