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Girl Scout Commemorative Coin Act is Law

October 30, 2009 by goldguru · Leave a Comment 

Coin Legislation on Capital BuildingPresident Obama on Thursday signed the Girl Scout Commemorative Coin Act into law, authorizing the Untied States Mint to strike up to 350,000 silver dollar coins to honor the 100th anniversary of the establishment of the Girl Scouts of the United States of America (GSUSA).

The coins will be minted and sold in 2013, marking the end of Girl Scouts’ yearlong centennial celebration and kicking off a new century of leadership and service to girls.

The bill, H.R. 621, was introduced by Rep. Jack Kingston and easily passed by a voice vote on Oct. 13. Sen. Susan Collins sponsored a companion bill, S. 451. Instead of moving that forward, the Senate simply passed the House version on Oct. 19 by Unanimous Consent.

President Obama signed the bill at 3:15 p.m. ET during a ceremony at the White House that included Connie L. Lindsey, GSUSA National Board Chair, Laurie Westley, Senior Vice President, Public Policy, Advocacy & the Research Institute, and girls from the Girl Scout Council of the Nation’s Capital.

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Read the rest of Girl Scout Commemorative Coin Act is Law (313 words)


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Desert Uranium discovery considered to have plenty of legs

October 29, 2009 by goldguru · Leave a Comment 

A new discovery that is to be intensely drilled in the next few months has given Manhattan Corporation an uranium system considered to have a strike length of about 25 kilometres.

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Spence Strike still on as talks stutter

October 27, 2009 by goldguru · Leave a Comment 

After 14 days of strike action talks are now suspended

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Coin Monday, or Riddle Me This: A Planchet One Size Too Small

October 26, 2009 by goldguru · Leave a Comment 

Heritage Auction Galleries
Oct. 26, 2009

Written by John Dale

First off, if you haven’t read Noah’s Tuesday post about A Christmas Story, then please do so now. I’ll be waiting…

If you left, welcome back!

Noah’s Christmas in, er, October post got me thinking about some childhood Christmas television memories of my own, and near the top of the list is How the Grinch Stole Christmas! (That’s the animated version from 1966, by the way, not the live-action feature film. I’m not that young…) The leering, sneering Grinch with his heart “two sizes too small” seeped into at least one of my nightmares, but that only made me more anxious to watch him the next year!

Speaking of things that are too small, I was cataloging coins for the upcoming December Houston U.S. Coin auction when I came across an intriguing error: a 1956-dated Franklin half dollar that was struck on a quarter planchet, which is indeed “one size too small.”

As with any error coin, the natural question is “What went wrong?”

The striking process is complex, but here’s the short version: a canvas-sided tub filled with planchets (or blanks) will have its contents poured into a hopper attached to the coinage press. Inside the coinage press, machinery pushes a single unstruck planchet from the hopper between the dies, the dies come together and strike the planchet, and then the newly created coin is ejected from the dies and replaced with a new unstruck planchet.

Ordinarily, all of the planchets are of the same size and type: half dollar-sized planchets to strike half dollars, for example. Once in a while, though, Something Goes Wrong™.

A smaller planchet, such as a quarter-sized one, might get stuck at the bottom of one of the tubs and then jar loose when half dollar planchets are poured in on top. A quarter-sized planchet might also get stuck in a hopper, though this is a less common occurrence. Either way, a too-small planchet winds up mixed in with bigger planchets and is struck as if it were one of those bigger planchets.

The result is a slightly misshapen error coin, slightly broader than a quarter but not nearly so large as a half dollar, with considerable detail left off at the edges. Most error coins are caught, either mechanically or by visual inspection, but this piece must have dodged both the riddler (not the Batman Riddler but a series of metal grids with holes designed to catch off-size coins — if a coin falls through the wrong level or doesn’t fall through the right one, it’s destroyed) and human eyes to reach the outside world.

That’s how a wrong-planchet error is created!

Oh, but I did mention “wrong size or type,” didn’t I? Well, I’ll tell you about that later…
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-John Dale Beety

Medal of Honor Commemorative Coin Act Passes Senate

October 23, 2009 by goldguru · Leave a Comment 

Coin Legislation on Capital BuildingLegislation seeking to recognize and celebrate the establishment of the Medal of Honor was approved in the U.S Senate Thursday by Unanimous Consent. The bill, H.R. 1209, passed in the U.S. House of Representatives back on May 14, 2009.

Following a procedural clearance step, the Medal of Honor Commemorative Coin Act of 2009 will make its way to President Obama who is expected to sign it into law. That will authorize the United States Mint to strike up to 500,000 $1 silver coins and 100,000 $5 gold coins in proof and uncirculated conditions in 2011.

H.R. 1209, which was introduced by Rep. Christopher Carney, calls for gold and silver coin designs to be "emblematic of the traditions, legacy, and heritage of the Medal of Honor, and the distinguished service of its recipients in the Nation’s history."

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Read the rest of Medal of Honor Commemorative Coin Act Passes Senate (173 words)


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Girl Scouts Commemorative Coin Bill Set to Become Law

October 21, 2009 by goldguru · Leave a Comment 

Coin to symbolize Girl Scouts commemorativeGirl Scout Commemorative Silver Dollars are in the works. Legislation to celebrate the Girl Scouts with silver coins passed in the U.S. House of Representatives last Tuesday, and the bill was given a thumbs up in the U.S. Senate on Monday without amendment and by Unanimous Consent. Following a few minor procedural details, the bill will make its way to President Obama for his expected signature and will officially become law.

The Girl Scouts USA Centennial Commemorative Coin Act, or H.R. 621, was introduced on Jan. 21 by Rep. Jack Kingston. (A nearly identical bill, S. 451, was introduced in the Senate by Sen. Susan Collins on Feb. 25.) When H.R. 621 is signed into law, it will authorize the United States Mint to strike up to 350,000 commemorative proof and uncirculated silver dollars to celebrate the 100th anniversary of the founding of the Girl Scouts of the USA.

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Read the rest of Girl Scouts Commemorative Coin Bill Set to Become Law (219 words)


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Peru miners lukewarm on strike, eyes on Congress

October 21, 2009 by goldguru · Leave a Comment 

Many employees at key mines in Peru reported to work on Tuesday as a 48-hour mining strike entered its second day with lukewarm support, while workers hoped Congress would vote to improve their benefits.

Miners in Peru, a leading global metals exporter, have demanded the government pass laws that would lower the age for retirement and lift caps on profit-sharing.

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Key Buenaventura mines paralysed by strike

October 19, 2009 by goldguru · Leave a Comment 

The country’s national federation of mining unions’ strike is trying to pressure government into labour changes

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Peru nationwide strike hits key Buenaventura mines

October 19, 2009 by goldguru · Leave a Comment 

Peru’s national federation of mining unions started a two-day nationwide strike on Monday to pressure the government to change rules on labour benefits, and precious metals miner Buenaventura said two of its key mines were paralysed.

Unions at several large mines had said over the weekend they would walk off the job, although unions at several big copper mines said they would stay at work.

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Peru miners start strike

October 19, 2009 by goldguru · Leave a Comment 

It is hoped the two day protest action will pressure government to change rules on labour benefits

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