LOOSE CHANGE: JANUARY 13, 2019

The Parmelee 1808 Quarter Eagle

It would be the only year of issue for the design, as 13 years would elapse before the next delivery of quarter eagles from the mint. This resulted in the 1808 quarter eagle becoming one of the two or three most difficult U.S. type coins to acquire.

Of the 2,710 pieces delivered that day, perhaps 3% or 4% have survived. One in particular stands head and shoulders above the rest. This is the story of that coin...

To read the complete article, see:
The Story of an American Coin (https://www.pcgs.com/news/the-story-of-an-american-coin)

No for Clemency for Tom Noe
Ohio Gov. John Kasich is departing office without deciding whether to grant clemency to imprisoned “Coingate” figure Thomas Noe.

Mike DeWine, who succeeds Kasich as governor, could rule later on Noe’s petition.

Noe, 64, has served 10 years of an 18-year prison sentence for stealing from a $50 million rare-coin fund that he handled for the Ohio Bureau of Workers’ Compensation.

To read the complete article, see:
Coingate figure Tom Noe gets a ‘no decision’ from Kasich (https://www.dispatch.com/news/20190109/coingate-figure-tom-noe-gets-no-decision-from-kasich)

Shredded Currency Used in Concrete

In 2018, the Federal Reserve had to get rid of 8.4 million pounds of the stuff, and selling it as souvenirs does not move it fast enough.

The San Francisco Fed’s Dec. 10 blog says its Salt Lake City branch has a more concrete solution for recycling shredded cash — concrete. The bank’s office there says it “provides its shredded currency to a local company that incinerates the residue and uses it as energy to fuel their operations. Then the ash is used in a cement mixture process, so every bit of the shred is used.”

To read the complete article, see:
Concrete could be hiding something that used to be money (https://www.coinworld.com/news/paper-money/2019/01/concrete-could-hide-something-that-used-to-be-money.html)

The Weinberg 1793 Chain Cent

2. Lot 4312. 1793 Chain Cent, PCGS MS64+BN CAC. Sale Price - $1,500,000

This was the second highest price ever paid for a 1793 Chain Cent and the price was very strong for an MS64+BN. The consigner, Alan Weinberg, acquired this coin directly from Large Cent connoisseur, Ted Naftzger, on December 31, 1996, thus this coin never appeared in any of the later Naftzger sales, either public or private, where it would have been a highlight. Truly, an amazing coin.

To read the complete article, see:
Ten Big Ones From The January 2019 Heritage Sale (https://info606505.wixsite.com/website/blog/ten-big-ones-from-the-january-2019-heritage-sale)

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