1792 Washington Gold Piece Brings $1.74 Million

A one-of-a-kind 1792 gold coin believed by its previous owner to have once been a cherished memento of U.S. President George Washington sold for $1,740,000 Thursday, Aug. 16, in Philadelphia by Heritage Auctions. This is the first time the 1792 $10 Washington President gold eagle pattern coin appeared at public auction since 1890; 100 percent of the net proceeds will benefit charitable causes.

Despite his vast collection, Newman considered the 1792 Washington gold eagle his favorite coin of all for a special reason. Newman believed the Washington gold eagle was not produced because legend stated it defied the president's own edict that his likeness not appear on any U.S. currency to avoid appearing as a monarch to the new democracy.

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1854-S Half Eagle Brings $2.16 Million

The recently discovered fourth identified example of 1854-S Coronet, No Motto gold $5 half eagle realized $2.16 million Aug. 16 in Philadelphia during Heritage Auctions' Platinum Night session held in conjunction with the American Numismatic Association World's Fair of Money.

Numismatic Guaranty Corp. authenticated the find as genuine and graded and encapsulated it Extremely Fine 45.

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Eliasberg 1913 Liberty Nickel Brings $4.56 Million

The sale of the finest-known example of the 1913 Liberty Head 5-cent coin proved anti-climactic Aug. 15 when it sold at its opening bid of $3.8 million. When the buyer's fee was added, the former Eliasberg Collection coin realized $4.56 million.

The Stack's Bowers Galleries auction room at the American Numismatic Association World's Fair of Money was packed and a local television camera was in place when the coin was opened at $3.8 million. Auctioneer Melissa Karstedt called for bids and when none were proffered, offered a cut bid that would have put the bid at $3.9 million rather than at $4 million (bids at the level are accepted in $200,000 increments). When no one stepped up at the cut bid, the coin was hammered at the opening bid.

To read the complete article, see:
Eliasberg specimen of 1913 5-cent coin brings $4.56 million (https://www.coinworld.com/news/us-coins/2018/08/eliasberg-1913-5-cent-brings-4-and-a-half-million-dollars.html)

For more information on the coin, see the lot listing:

How the Portable Antiquities Scheme Records Coins

Is it treasure trove? How Lancashire's special finds - from the Silverdale hoard to rare coins and jewellery - are recorded through the Portable Antiquities Scheme.

To read the complete article, see:
(https://www.lep.co.uk/news/is-it-treasure-trove-how-lancashire-s-special-finds-from-the-silverdale-hoard-to-rare-coins-and-jewellery-are-recorded-through-the-portable-antiquities-scheme-1-9302453)

Coin Collectors of the Ganges

A group of men in the northern Indian town of Allahabad spend 10-12 hours in the Ganges river every day fishing for coins.

This is their only source of income.

To watch the video, see:
Fishing for coins in the Ganges river to survive (https://www.bbc.com/news/av/world-asia-india-45130247/fishing-for-coins-in-the-ganges-river-to-survive)

China Boosts Printing of Foreign Banknotes

China is printing foreign currencies on a massive scale as Beijing seeks to increase its influence on the world economy and geopolitics.

To read the complete article, see:
Why other countries are giving China a licence to print money (https://www.scmp.com/news/china/society/article/2158782/why-other-countries-are-giving-china-licence-print-money)

RCM Gold Smuggler's Fine Reduced

A former Royal Canadian Mint employee who stole 22 cookie-sized pieces of refined gold by hiding them in his rectum has his $145,900 fine lessened in court.

Leston Lawrence, 35, was sentenced to 30 months in prison last year after stealing the pieces from the mint and selling 17 of them through Ottawa Gold Buyers.

At the time of his sentencing, Ontario Court judge Peter Doody ordered Lawrence to pay a fine of US $145,900 (CA $190,000), a fine that has been reduced.

Earlier this month, three judges ruled that Lawrence's fine should be reduced by nearly $60,000 because the gold he stole was not as valuable when he stole and sold it as it was when he was ordered to pay it back.

To read the complete article, see:
Canadian mint employee, 35, who smuggled 22 gold pucks in his rectum has $145,900 fine reduced in court (http://www.dailymail.co.uk/news/article-6068823/Canadian-mint-employee-35-smuggled-22-gold-pucks-rectum-fine-reduced.html)

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