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V26 2023 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 26, Number 47, November 19, 2023, Article 34

LOOSE CHANGE: NOVEMBER 19, 2023

Here are some additional items in the media this week that may be of interest. -Editor

Salvation Army Receives Gold Coin

I know we haven't gotten past Thanksgiving yet, but the Christmas holiday is fast approaching and the Salvation Army is already out there collecting donations. Len Augsburger passed along this story from Illinois about another holiday tradition - dropping gold coins in those kettles. Thanks. -Editor

Salvatiom Army donation South African half Krugerrand coin The Salvation Army announced one of their bell ringers in Lake County received the organization's first gold coin of the season worth $1,200 Thursday evening.

The Salvation Army's Red Kettle campaign dates back to 1891 in San Francisco.

Gold and silver coins donated to The Salvation Army Red Kettles have become a much-anticipated holiday tradition of giving.

The coin is a South African 1/2 Krugerrand. It was dropped inside a kettle outside the Jewel-Osco, 1300 South Milwaukee Avenue.

To read the complete article, see:
‘We are so grateful': The Salvation Army receives first gold coin of season worth $1.2K in Lake County (https://www.lakemchenryscanner.com/2023/11/18/salvation-army-receives-first-gold-coin-of-season-worth-1-2k-in-lake-county/)

18th Century English Gold Coin Hoard Sold

How about this pot of gold? Last year we discussed a hoard of 18th century English gold coins found during a UK couple's kitchen renovation. The group was sold by Spink for over $800,000. -Editor

UK kitchen gold coin find While renovating their home, a couple from the United Kingdom discovered an unexpected cache of rare gold coins.

The couple found an unusual cup under the kitchen floor, hidden between old floorboards. Initially thought to be a trivial find, it turned out to be a pot of unimaginable value. The hoard consisted of about 260 gold coins dating from 1610 to 1727, with an estimated value of more than $800,000.

The auctioneer, Gregory Edmund, expressed the uniqueness of the sale, citing the captivating narrative of the coins, unexpected method of discovery, and rare opportunity for collectors in acquiring them.

What added even more value to the coins in the eyes of collectors were the unusual errors that made them unique. Thus, among the coins, a Charles II guinea stood out with a mint error, in which CRAOLVS replaced the expected CAROLVS.

To read the complete article, see:
UK Couple Finds Rare Gold Coins Worth $850,000 Under Kitchen (https://greekreporter.com/2023/11/15/uk-couple-gold-coins-kitchen/)

To read the earlier E-Sylum article, see:
18TH CENTURY ENGLISH GOLD COIN HOARD FOUND (https://www.coinbooks.org/v25/esylum_v25n37a27.html)

Buying Ancient Coins Online

Michael Bugeja published an article on Coin Update about buying ancient coins online, and all of the pitfalls of fakes, replicas, and genuine but unattributed or overpriced pieces. See the complete article online. -Editor

  Gordian-gold-authentic-fake

It is one thing to identify ancient coins and another to bid successfully on them whether raw or holdered on eBay or in online estate auctions on Hibid.com and other venues. And by success, I do not mean winning the coins but placing reasonable bids so as not to lose money on a fake or common lot.

I have seen outrageous bids on common ancient coins. That tells me the bidder didn't know about the genre and lost hobbyist dollars.

To read the complete article, see:
Estimating value of ancient coins (https://news.coinupdate.com/estimating-value-of-ancient-coins/)



Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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