With the recent sale of the world’s most valuable coin for $18.9 million US (about $22.8 million Cdn.), the high-end numismatic market continues to prove itself a lucrative safe haven for investors. The only 1933 U.S. “Double Eagle” approved for private ownership, the coin was among the last gold pieces struck for circulation in that country. It crossed the auction block during Sotheby’s “Three Treasures” sale on June 8, when it nearly doubled the previous world record of $10 million US (set by the finest known 1794 U.S. “Flowing Hair” silver dollar in a 2013 Stack’s Bowers sale). Owned by billionaire shoe magnate Stuart Weitzman, the Double Eagle’s estimate was set at $10 million US (about $12.1 million Cdn.) to $15 million US (about $18.1 million Cdn.). “Nobody in the market is overly shocked at what that coin sold for yesterday,” said long-time dealer Sandy Cambell, the owner of Nova Scotia’s Proof Positive Coins, told CCN on June 9. Continue reading →
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Despite earlier reports in the non-numismatic press about the Royal Canadian Mint “cancelling” Frederick Banting from a forthcoming commemorative circulation coin, that claim has no merit.
The Royal Canadian Mint has unveiled its June numismatic catalogue with seven new issues, including a set combining a one-ounce silver collector coin with a historic banknote.
For longer than I can recall, I have enjoyed coin and currency collecting.