Rare coin collection soon at YSR Museum
At last, people of the State will have an opportunity to have a glimpse of the rare, priceless numismatic collection right from the Satavahana period to the Nizams at the YS Rajasekhara Reddy State Museum. The show is expected to be ready by August. The Department of Archaeology and Museums has a collection of 2,60,000 ancient coins preserved in the State Museum - which is second only to the Victoria Albert Museum, London for the highest collection of coins. Read More
Coin dealers face government tarnish; regulation could inhibit physical possession of metals
The national trade association for rare coin, currency, and precious metals dealers is sounding alarm bells for dealers, saying Washington lawmakers are considering legislation that would add regulatory burden to the coin and metals industy and encumber local deaers in the area and across the nation. The additional regulation proposal relates to what the industry calls the "cash market"--the over-the-counter portion of the business. The current proposal is similar to a failed proposal debated in the spring of 2008 that called for expanded regulatory powers over the rare coin industry. Read More
Rare Castro Valley coin collection stolen, missing
Behind every rare coin Ray McCoy owns lies a story. Take, for example, his Franklin half dollars, which he purchased in honor of his late friend. The coins were originally part of a collection owned by Frank Miller, who previously operated the Fremont Coin Gallery. Miller was murdered in 1993 - shot and killed during a robbery at his store. McCoy purchased the coins shortly after Miller's death as a way to remember his friend, who shared the same passion for coin and stamp collecting. But those coins, along with 90 percent of McCoy's collection, are now missing. The Alameda County Sheriff's Office is investigating a burglary that occurred earlier this month at McCoy's residence in the Wagon Wheel Mobile Home Park off Castro Valley Boulevard. Read More
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