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Rare Coin, Bullion and Paper Money News for the week of January 1st, 2013

Unique Bronze 1943 Cent Featured in Stack’s Bowers Galleries January 2013 New York Americana Sale

by PCGS ………
quick pcgs 1943 cent thumb Rare Coin, Bullion and Paper Money News for the week of January 1st, 2013A new example of the 1943 bronze Lincoln cent has been discovered, and will be featured in the Stack’s Bowers Galleries New York Americana Sale Rarities Night Auction, January 24, 2013.

Consigned by a New England family, this piece was found decades ago by a collector in the family while searching rolls of cents. It was held by him through his life, and passed down as a “special coin,” though just how special this piece is may not be understood for some time to come. The coin is graded MS63 RED by PCGS.Read more >>>>

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Kolbe & Fanning Auction Features Clain-Stefanelli Archives

by Kolbe & Fanning Numismatic Booksellers ………
book archive Rare Coin, Bullion and Paper Money News for the week of January 1st, 2013Kolbe & Fanning Numismatic Booksellers will be holding their 2013 New York Book Auction at the Waldorf-Astoria Hotel in New York City on Saturday, January 12 in conjunction with the New York International Numismatic Convention. While the sale includes books and other publications spanning the entire range of numismatics, some of the most important material offered includes the personal papers of Vladimir and Elvira Eliza Clain-Stefanelli. Read more >>>>

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SUSPECT ARRESTED IN MAJOR EMPLOYEE THEFT

by Numismatic Crime Information Center ………
coin crime alert2 Rare Coin, Bullion and Paper Money News for the week of January 1st, 2013Dade County law enforcement officials have arrested a suspect identified as Sami Kohen on two counts of Felony Grand Larceny for stealing coins and bullion from Park Avenue Numismatics during his employment. Bob Green, President of Park Avenue Numismatics stated “we alerted authorities after several gold bars were missing from inventory and after a thorough internal investigation we uncovered that more than $20,000 in rare coins and precious metals had been sold by Kohen to a local coin dealer who identified him as the seller of the stolen merchandise through purchase receipts and photo ID.”

Kohen an Ebay/Marketing employee with Park Avenue from January 2012-June 2012, stole random gold and platinum items from Park Avenue’s
inventory monthly until he resigned from the firm after being caught stealing in June 2012 and confessing his guilt to several key employees of
the firm. Records indicate that more than $20,000 in bullion items were stolen from Park Avenue Numismatics and then sold in Dade County to a local coin shop. The suspect may also have been selling the stolen items through Ebay or other Internet sites.

Any dealer who may have purchased any numismatic or bullion items from Kohen or has other information should contact:

Park Avenue Numismatics at 305-535-2262 or Doug Davis at 817-723-7231 Doug@numismaticcrimes.org

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Despite Strong Track Record, Gold And Silver Are Not “Investments”

By Patrick A. Heller ………
financial Insuramce Rare Coin, Bullion and Paper Money News for the week of January 1st, 2013Many people consider the ownership of precious metals to be an investment. They are not. Still, compared to many investments, gold and silver have outstanding track records for the past thirteen years.

In my mind, the major purpose of owning physical gold and silver is for insurance against the calamities that hurt the value of paper assets such as stocks, bonds, and currencies. People don’t consider insurance on their life, their health, their home, or their car as “investments” because they are not. Read more >>>>

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