Wednesday, January 15, 2020
Monday, December 16, 2019
Wednesday, August 28, 2019
These aren't bars that are short of gold. The fakes are said to contain legit gold, but stamped with the names of refineries that did not issue the bars.
It is said to be a way to launder conflict gold. Many of the forged bars are said to originate in China.
Over the last three years, over 1000 bars worth over $50,000,000 have been found.
Wednesday, July 10, 2019
- Lorenzo Totaro reports for Bloomberg that Italy’s Mafia Uses the Old Lira as Its Own Parallel Currency (June 15)
- This Local Italy, no byline, The lira is still being used in Italy - by the mafia (June 17)
- Arthur L. Friedberg reports for CoinWorld that Organized crime resurrects Italian lira for illegal transactions (July 8)
Thursday, July 04, 2019
The memorial was intended to show the difficulty of Lincoln as the decision maker during the Civil War. Lincoln knew his actions would lead to many deaths. French's monument is a powerful representation of the necessity and undesirability of war. Even if you have seen the actual memorial it is enlightening to see the earlier, smaller versions, that the artist used to work out the design.
The actual sculpture was carved right here in the Bronx in 1922 by the Piccirilli brothers. They were Italian immigrants. An article by Lucie Levine points out "The brothers faced anti-immigrant sentiment even as they worked to realize some of the United States’ most patriotic sculptures.... The Lincoln Memorial Commission rejected French’s suggestion to have “Piccirilli” inscribed on the pedestal of the Lincoln Memorial."
Friday, June 21, 2019
DYNASTS OF LYCIA. Kherei, circa 430-410 BC. Stater, Tlos mint.
Obv: Helmeted head of Athena to right.
Rev: 𐊜𐊕𐊁𐊕𐊚𐊆𐊛𐊋-𐊗𐊍𐊀𐊇𐊆 (Lycian; =kerẽi-tlawi); Gorgoneion within border of dots in a circular incuse.
There are two or three known examples. The photo is my composite of the Jameson specimen and the example auctioned in Switzerland by Nomos.
The inscription is in Lycian and names the ruler and the city of issue.
Saturday, June 15, 2019
A Coin World article by Paul Gilkes reports that the US Mint has suspended the Mutilated Coin Redemption Program “pending the development of additional safeguard”.
As previously reported here, the US government pays $19.84/pound for dimes, quarters and half dollars that are bent, broken or corroded. Chinese recyclers were returning 'coins' that did not have the metallic composition of original coins. Every year millions of dollars of such coins are somehow being found in China by firms that recycle cars and electronic equipment.