Volume 50#24

March 12 – March 25, 2013

The American Numismatic Association is hosting numerous events to commemorate the 100th anniversary of National Coin Week, April 21-27.

1936 dot cent to make rare auction appearance

Heritage Auctions is selling an example of the rare 1936 dot Canadian cent, this one owned by the founder of Canadian Coin News, Chet Krause. The coin, graded PCGS MS-63 Red, was purchased by Krause in 2004 for $207,000 U.S. at Heritage’s 2004 New York International Numismatic Convention sale. Heritage spokesman Noah Fleisher told Canadian Coin News that the coin is expected to sell for between $200,000 and $300,000 when it goes on the block in April. The coin has a remarkable history. At one time it was owned by famed collector John Jay Pittman. It was stolen from the Pittman home in 1964 and later returned (with scratches in the right obverse field) in an envelope with other coins. Pittman managed to own all three known 1936 dot cents all at once. Today all three coins remain in the hands of private collectors. Continue reading →

Regulars

Focus on proof-like singles

Page 22

Check out the shows in your area

Page 27

Are you buying or selling?

Page 30

Editorial

Canada’s cent slinks away into the annals of history

It seems that almost nobody had any strong objections. There was no public outcry, no desperate last-minute effort to keep the former workhorse of Canadian coins, and I have not even heard a single complaint at any of the stores where I have transacted business since Feb. 4. It seems that we collectors, who mostly value the coin as a collectible, or as a memento of our early days in the hobby, are the only ones who even seemed to mourn its passing. To me, this means one of two things: either Canadians are smart people, who knew the coin has long since lost its usefulness; or we are sheep who just accept whatever decisions are passed down from Parliament Hill. I prefer to think the former.

Continue reading →